Question 1. A. XYZ and Co. issues 2,000 10% inclination portions of $ 100 each at $ 95 each. Ascertain the expense of inclination shares.

B. In the event that R Energy is giving favored stock at $100 for every offer, with an expressed profit of $12, and a floatation cost of 3% at that point, CALCULATE the expense of inclination share?

Answer all the MCQ in proper sequence in reference to managerial accounts:

2. Interest on accomplice's capitals will be credited to:

(A) Profit and Loss Account

(B) Profit and Loss Appropriation Account

(C) Interest Account

(D) Partner's Capital Accounts

3. For the firm interest on drawings is

(A) Capital Payment

(B) Expenses

(C) Capital Receipt

(D) Income

4. Interest on Partner's drawings will be charged to:

(A) Profit and Loss Account

(B) Profit and Loss Appropriation Account

(C) Partner's Current Account

(D) Interest Account

5. When accomplices' capital records are gliding, which one of the accompanying things will be composed on the credit side of the accomplices' capital records?

(A) Interest on drawings

(B) Loan progressed by accomplice to the firm

(C) Partner's offer in the company's misfortune

(D) Salary to the active accomplices

6. When accomplices' capital records are fixed, which one of the accompanying things will be written in the accomplice's capital record?:

(A) Partner's Drawings

(B) Additional capital presented by the accomplice in the firm

(C) Loan taken by accomplice from the firm

(D) Loan Advanced by accomplice to the firm

7. Interest on accomplice's drawings will be credited to

(A) Profit and Loss Account

(B) Profit and Loss Appropriation Account

(C) Partner's Capital Accounts

(D) None of the Above

8. For the firm interest on capital is :

(A) Capital Payment

(B) Capital Receipt

(C) Loss

(D) Income

9. On first April 2018, 2fs Capital was $2,00,000. On first October 2018, he presents extra capital of $1,00,000. Premium on capital @ 6% p.a. on 31st March, 2019 will be :

(A) $9,000

(B) $18,000

(C) $10,500

(D) $15,000

10. X and Y are accomplices in the proportion of 3 : 2. Their capitals are ?2,00,000 and $1,00,000 individually. Premium on capitals is permitted @ 8% p.a. Firm acquired a benefit of $60,000 for the year finished 31st March 2019. Interest on Capital will be:

(A) X $16,000; Y $8,000

(B) V $8.000; Y $4,000

(C) X $14,400; Y $9,600

(D) No Interest will be permitted

11. X and Y are accomplices in the proportion of 3 : 2. Their capitals are $2,00,000 and $1,00,000 separately. Premium on capitals is permitted @ 8% p.a. Firm procured a benefit of $15,000 for the year finished 31st March 2019. Interest on Capital will be:

(A) X $16,000; Y $8,000

(B) X $9,000; Y $6,000

(C) X $10,000; Y $5,000

(D) No Interest will be permitted