Elaborate the answer with working

Trane organization furnishesyouthefollowinginformationforthequarterJanuary to March. You are requested to draw up Debtors Ledger Adjustment account in the General Ledger:

(i) Total sales amounted to 2,27,456 including sale of old motor car for 10,132 (book value 5,176). Total credit sales were 80.768% higher than the cash sales.

(ii) Cash collection from debtors amounted to 60.675% of the aggregate of the opening debtors amounting to 40,674 and credit sales for the period. Debtors were allowed discount of 10,156.

(iii) Bills Receivables drawn during the period totaled 20,159 of which one bill of

5,986 was dishonoured for non-payment as the party became insolvent and his estate realized 51.86 paise in a rupee.

(iv) A sum of 3,467 was writtenoffasBadDebts,7,456wasrealizedagainst Bad Debts written off in earlier years and provision of 6,357 was made for doubtful debts.

Provide reasoning for the answer selected:

I. If profitability development of an association is that of its rivals, that firm performs better and is viewed as more proficient.

(A) higher than

(B) lower than

(C) stable

(D) fluctuating in both higher and lower sides

II. In the Altman Model, which of the following monetary proportions isn't in the Z-Score?

(A) The ratio of value shares' market value to their book value.

(B) Working Capital as a Percentage of Total Assets

(C) Retained Earnings as a Percentage of Total Assets

(D) Sales as a percentage of total assets

III. Coordinating of which elements would permit manufacturing plants to create attractive levels without additional shifts, extra time or subcontracting?

(A) markets and contenders

(B) rivalry and situating

(C) client conduct and situating

(D) market interest

IV. When stock is esteemed at cost in one bookkeeping period and at lower of cost and Net feasible incentive in another bookkeeping period

(A) Prudence Principle clashes with Consistency Principle.

(B) Matching Principle clashes with Consistency guideline.

(C) Consistency Principle clashes with Accounting Period Assumption.

(D) None of the abovementioned

V. For decreasing the work cost per unit, which of the accompanying components is the most significant?

(A) Low wage rates

(B) Longer long periods of work

(C) Higher input-yield proportion

(D) Strict control and oversight

VI. There is only one food variety that can be produced in mass production.

(A) just a product

(B) a small number of varieties in large quantities.

(C) just two.

(D) minimal quantities of large varieties

VII. The operation that must be done prior to the start of an activity is referred to as

(A) Successor activity

(B) Predecessor activity

(C) Concurrent activity

(D) Dummy activity in a network diagram.

VIII. Determine one of the following is NOT a maintenance goal:

(A) Make certain that all processing and service facilities are operational.

(B) To ensure that the products are reliable and delivered on schedule to the customers.

(C) Minimize the amount of time the computer is out of use.

(D) Keeping the production loop ins ide the parameters that have been set.