List of practice Questions

Anshu and Nitu are partners sharing profits in the ratio of 3:2. They admitted Jyoti as a new partner for 3/10 share. Jyoti acquired 2/10 from Anshu and 1/10 from Nitu. Calculate the new profit sharing ratio of Anshu , Nitu and Jyoti

Kavita and Lalita are partners sharing profits in the ratio of 2:1. They decide to admit Mohan for 1/4th share in future profits with a guaranteed amount of ₹25,000.Both Kavita and Lalita undertake to meet liability arising due to gauranteed amount to Mohan in their respective profit sharing ratio. The firm earned profits of ₹76,000 for the year 2022-23. The deficiency borne by Kavita is

Match List-I with List-II.

List-I (Equal amount of drawings made)	List-II (Number of month for which interest calculated)
(A) At the end of each half year	(I) 4.5 months
(B) At the beginning of each quarter	(II) 6.5 months
(C) At the beginning of each month	(III) 7.5 months
(D) At the end of each quarter	(IV) 3 months

Choose the correct answer from the options given below :

A, B, and C are partners sharing profits in the ratio of 3:3:4. They decide to share future profits equally. The sacrifice or gain of partners are

If there is no claim against Workmen Compensation Reserve, it is __________ at the time of admission of a partner
Fill in the blanks with the correct answer from the option given below

Which of the following is an example of sequential code?

Identify Z in the following reaction sequence.

The voltage $ V_o $ in the network shown is

If there are 6 alike fruits, 7 alike vegetables, and 8 alike biscuits, then the number of ways of selecting any number of things out of them such that at least one from each category is selected, is:

If $ \vec{a} = \hat{i} - \hat{j} + \hat{k} $, $ \vec{b} = \hat{i} + \hat{j} - 2\hat{k} $, $ \vec{c} = 2\hat{i} - 3\hat{j} - 3\hat{k} $, and $ \vec{d} = 2\hat{i} + \hat{j} + \hat{k} $ are four vectors, then $ (\vec{a} \times \vec{c}) \times (\vec{b} \times \vec{d}) = $:

A partnership can have maximum 50 partners. This limit has been set by the

Dividend received is

On the date of admission of a partner, there was a balance of ₹45,000 in the account of machinery. It was found undervalued by 10%. The value of machinery will appear in the new Balance Sheet at

You are Bala/Bandhini, school counsellor of Bala Vidyagram School, Dharti Bagh.Your school is organising a Career Counselling Fair. Write a notice encouraging students to attend the fair. Mention the benefits and include necessary details.

A company can accept calls in advance, if authorized by

If a delay occurs beyond 8 days in refunding the subscription amount, failing to gather the minimum subscription, from the date of closure of the subscription list, the company shall be liable for interest at the rate of

Arrange the following in the correct sequence in the context of debenture:
(A) Payment to debenture-holders
(B) Creation of DRR
(C) Issue of debentures
(D) Redemption becomes due.

Match List-I with List-II

List-I (Name of account to be debited or credited, when shares are forfeited)	List-II (Amount to be debited or credited)
(A) Share Capital Account	(I) Debited with amount not received
(B) Share Forfeited Account	(II) Credited with amount not received
(C) Calls-in-arrears Account	(III) Credited with amount received towards share capital
(D) Securities Premium Account	(IV) Debited with amount called up

Choose the correct answer from the options given below:

When debentures are issued at premium and redeemed at premium, the journal entry will have the following combination:
(A) Discount on issue of debentures account is credited
(B) Loss on issue of debentures account is debited
(C) Security premium account is credited
(D) Premium on redemption of debentures account is credited

400 shares of ₹50 each issued at par were forfeited for non-payment of final call of ₹10 per share. These shares were reissued at ₹45 per share as fully paid-up. The amount transferred to capital reserve is

The dimensions of the coefficient of self-inductance are:

Which of the following are advantages of functional structure of an organisation?
(A) Leads to occupational specialisation.
(B) Places less emphasis on organisational objectives.
(C) Promotes coordination and control within a department.
(D) Increases operational efficiency.
Choose the correct answer from the options given below:

A particle is moving in a straight line. The variation of position $ x $ as a function of time $ t $ is given as:
$ x = t^3 - 6t^2 + 20t + 15 $.
The velocity of the body when its acceleration becomes zero is:

Match List-I with List-II:

List-I	List-II
(A) Intelligence test	(I) Indicator of a person’s capacity to develop
(B) Aptitude test	(II) Clues to a person’s emotions, values, etc.
(C) Personality test	(III) Measure existing skills of the individual
(D) Trade test	(IV) Indicator of a person’s learning ability and ability to make judgements

Choose the correct answer from the options given below:

Re-arrange the following parts of a sentence in their correct sequence to form a meaningful sentence:
(A) as a concept fundamental to
(B) especially with the injunction to treat equals equally
(C) justice is associated with the notion of equity and equality,
(D) ethical theory and political philosophy
Choose the correct answer from the options given below :