List of practice Questions

When Debentures are issued at par and are redeemable at a premium, the Loss on such an issue is debited to:
What is the correct sequence to prepare company’s Balance Sheet as per the standard format given according to Schedule III of Companies Act, 2013?
A. Non-Current Liability
B. Non-Current Assets
C. Shareholder’s Fund
D. Current Assets
E. Current Liability
Choose the correct answer from the options given below:
This ratio determines the number of times stock is converted into revenue from operations during the accounting period under consideration.
Identify which will lead to dissolution of partnership.
A and B are partners in a firm sharing profit in 4:1 ratio. They admitted “C” as a new partner for 25% share in the profit, which he acquired wholly from A. Determine the new profit-sharing ratio.
When unrecorded liabilities are paid off by partners, these liabilities are shown in:
Rearrange the following in the correct sequence of Cash Flow Statements: A. Calculation of cash flow from investing Activities
B. Opening Balance of cash and cash Equivalents
C. Calculation of cash flow from operating Activities
D. Calculation of cash flow from financing Activities
E. Closing Balance of Cash and Cash Equivalents
Choose the correct answer from the options given below:
The general solution of the differential equation \( x\,dy + \left(y - e^x\right) dx = 0 \) is:
The general solution of the differential equation \( x\,dy + \left(y - e^x\right) dx = 0 \) is:
The vertices of a closed convex polygon representing the feasible region of the LPP with objective function \(z = 5x + 3y\) are \((0,0)\), \((3,1)\), \((1,3)\) and \((0,2)\). The maximum value of \(z\) is:
Corner points of a feasible bounded region are \((0, 10)\), \((4, 2)\), \((3, 7)\) and \((10, 6)\). Maximum value 50 of objective function \(z = ax + by\) occurs at two points \((0, 10)\) and \((10, 6)\). The value of \(a\) and \(b\) are:
If A and B are square matrices of order 3 such that \(|A| = -1\), \(|B| = 3\) then \(|3AB|\) is:
If \(B\) is a non-singular \(4 \times 4\) matrix and \(A\) is its adjoint such that \(|A| = 125\), then \(|B|\) is:
The derivative of \(\sin\left(\tan^{-1} e^{2x}\right)\) with respect to \(x\) is:
The minimum value of \(\left(x^2 + \frac{250}{x}\right)\) is:
An amount becomes 5 times its original value in 25 years. What is the rate of simple interest per annum?
PQ and RS are common tangents to two circles intersecting at A and B. A and B, when produced on both sides, meet the tangents PQ and RS at X and Y, respectively. If \(AB = 3\) cm and \(XY = 5\) cm, then PQ is:
In a circle of radius 13 cm, a chord is at a distance of 12 cm from the center of the circle. Find the length (in cm) of the chord.
Because of exclusion of non-liquid current assets which of the following ratio is considered better than current ratio as a measure of liquidity position of business?
Nominal share capital is:
Aman, a partner, is to bear all the expenses on realisation for which he is to be paid Rs 2,000. Aman has to pay realisation expenses of Rs 2,500. How much amount will be debited to realisation account?
If the net profit of the company is Rs 35,000 after writing off goodwill of Rs 16,000 and loss on sale of machinery of Rs 5,000, then cash flow from operating activities will be:
Average profit of firm is Rs 3,00,000. Total tangible assets in the firm are Rs 28,00,000 and outside liabilities are Rs 8,00,000. In same type of business, normal rate of return is 10% of capital employed. Calculate goodwill by Capitalisation of Super Profit Method.
Match the following:
Profit and Loss Appropriation Account, not the main P&L account.
In Common size Balance Sheet, percentage of various items is expressed as a percentage of: