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Marathon Ltd is pondering undertaking an assignment, which will incorporate a basic expense of Rs.3,00,982. The endeavor has the going with livelihoods related with it are Year 1-100,000, Year 2-150,000 and Year 3-200,000. If a discount speed of 10% is used to learn the NPV of the endeavor, which of the going with affirmations is correct? (Acknowledge the earnings arise close to the completion of consistently.)

1. If Ram's affirmation which was upheld by us for Saleem is disgraced, by then the entirety will be charged in our books to

(a) Saleem

(b) Ram

(c) Bills Receivable Account

(d) None of the previously mentioned

2. In occasion of a Club, the bounty of utilization over pay is called as

(a) Surplus

(b) Deficit

(c) Capital Fund

(d) Investment in Fixed Assets

3. A Charitable Institution has 250 people with a yearly participation of '5,000 each. The participation got during 2018-19 were '11,25,000, which consolidate ' 65,000 and 25,000 for the extended lengths of 2017-18 and 2019-20 independently. Proportion of remarkable participation for the 2018-19 will be

(a) 90,000

(b) 1,25,000

(c) 2,15,000

(d) 1,90,000

4. When stock is regarded at cost in one accounting period and at lower of cost and Net attainable worth in another accounting period

(a) Prudence Principle conflicts with Consistency Principle.

(b) Matching Principle conflicts with Consistency rule.

(c) Consistency Principle conflicts with Accounting Period Assumption.

(d) None of the previously mentioned

5. Materiality Principle is an uncommon case for the

(a) Consistency standard

(b) Full disclosure Principle

(c) Accounting Period Assumption

(d) Prudence Principle

6. In a Cash Book Debit balance of '112 introduced as credit harmony of ' 121, while setting up a Bank Reconciliation Statement tolerating the balance as indicated by Cash Book as the early phase:

(a) '112 to be added

(b) '121 to be added

(c) ' 233 to be added

(d) '112 to be deducted

7. represents a potential responsibility that could be made depending upon the aftereffect of an event.

(a) Internal Liability

(b) Current Liability

(c) Contingent Liability

(d) Non-current Liability

8. Opening Debtors, Collection from Debtors and Discount Allowed were '3,15,000; 18,30,000 and '35,000 independently. In case the end obligated people were 20% of credit arrangements of the time period, wrapping account holders and credit bargains up would be

(a) 3,51,667 and 17,58,333

(b) 3,63,333 and 18,16,667

(c) 3,87,500 and 19,37,500

(d) 3,10,000 and 15,50,000

9. Provision for Doubtful Debt on first April, 2018 was '21,500. During the year 2018 - 19 the Bad-commitment and Recovery of Bad-commitment were ' 10,500 and ' 2,100 independently. The Sundry Debtors on 31st March, 2019 were '2,25,000. Plan is to be made @ 5% on Debtors. If on 31st March, 2019, there was additional Bad-commitment of ' 2,500 by then Provision for implausible commitment will be

(a) debited to Profit and Loss Account by '11,250.

(b) debited to Profit and Loss Account by '2,625.

(c) debited to Profit and Loss Account by '3,000.

(d) debited to Profit and Loss Account by '900.

10. A and B go into a joint undertaking sharing advantage and incidents in the extent of 3:2. A purchased items costing '2,00,000. B sold 95% product for ' 2,50,000. An is equipped for get 1% commission on purchase and B is equipped for get 5% commission on bargains. A drew a bill on B for an entirety tantamount to 80% of novel cost of items. A got it restricted at '1,50,000. What is a ton of advantage?

(a) 15,300

(b) 21,300

(c) 18,900

(d) None of the previously mentioned

11. X and Y are accessories with the capital of '50,000 and ' 30,000 separately. Premium Payable on Capital is 10% p.a. If the advantages obtained by the firm is ' 4,800, what will be the Interest on Capital for X and Y?

(a) 5,000 and 3,000

(b) 3,000 and 1,800

(c) No interest will be paid to the associates

(d) None of the previously mentioned