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State any three circumstances other than (i) admission of a new partner; (ii) retirement of a partner and (iii) death of a partner, when need for valuation of goodwill of a firm may arise.
Concept: Methods of Valuation of Goodwill
Explain any three points that highlight the importance of 'management.
Concept: Importance of Management
What is meant by 'business environment'?
Concept: Concept of Business Environment
Explain the relationship between planning and controlling.
Concept: Relationship Between Planning and Controlling
Answer the following question.
Explain briefly any four factors affecting the fixed capital requirements of an organisation.
Concept: Factors Affecting Fixed and Working Capital Requirements
What is meant by financial management?
Concept: Concept of Financial Management
Differentiate between `capital-market' and 'money-market' on the following basis:
Duration
Concept: Types of Financial Markets
Explain the significance of 'medium of exchange' function of money
Concept: Functions of Money
What is minimum price ceiling? Explain its implications.
Concept: Price Ceiling
Distinguish between revenue expenditure and capital expenditure in Government budget. Give an example of each.
Concept: Classification of Expenditure
Find the distance of the point (−1, −5, −10) from the point of intersection of the line `vecr=2hati-hatj+2hatk+lambda(3hati+4hatj+2hatk) ` and the plane `vec r (hati-hatj+hatk)=5`
Concept: Three - Dimensional Geometry Examples and Solutions
On 1st April 2014, KK Ltd. invited applications for issuing 5,000 10% debentures of Rs 1,000 each at a discount of 6%. These debentures were repayable at the end of the 3rd year at a premium of 10%. Applications for 6,000 debentures were received and the debentures were allotted on pro-rata basis to all the applicants. Excess money received with applications was refunded.
The directors decided to transfer the minimum amount to Debenture Redemption Reserve on 31.3.2016. On 1.4.2016, the company invested the necessary amount in 9% bank fixed deposit as per the provisions of the Companies Act 2013. A tax was deducted at source by bank on interest @10% p.a.
Pass the necessary journal entries for issue and redemption of debentures. Ignore entries relating to writing off a loss on issue of debentures and interest paid on debentures.
Concept: Concept of Debentures
What is meant by ‘Reconstitution of a partnership firm’
Concept: Accounting for Partnership Firms - Reconstitution and Dissolution
What is meant by a 'Share
Concept: Theory on Shares
On 1st April 2014, KK Ltd. invited applications for issuing 5,000 10% debentures of Rs 1,000 each at a discount of 6%. These debentures were repayable at the end of the 3rd year at a premium of 10%. Applications for 6,000 debentures were received and the debentures were allotted on pro-rata basis to all the applicants. Excess money received with applications was refunded.
The directors decided to transfer the minimum amount to Debenture Redemption Reserve on 31.3.2016. On 1.4.2016, the company invested the necessary amount in 9% bank fixed deposit as per the provisions of the Companies Act 2013. A tax was deducted at source by bank on interest @10% p.a.
Pass the necessary journal entries for issue and redemption of debentures. Ignore entries relating to writing off a loss on issue of debentures and interest paid on debentures.
Concept: Concept of Debentures
Offer of securities or invitation to subscribe securities to a select group of persons by a company (other than by way of public offer) is known as ______.
Concept: Private Placement of Shares
'Is Management concerned only with doing the right task, completing activities and achieving goals without taking into consideration the cost benefit?' Give reason in support of your answer.
Concept: Concept of Management
Rishitosh Mukherjee has recently joined AMV Ltd, a company manufacturing refrigerators. He found that his department was under-staffed and other departments were not cooperating with his department for the smooth functioning of the organisation. Therefore, he ensured that his department has the required number of employees and its cooperation with other departments is improved.
1) Identify the level at which Rishitosh Mukherjee was working.
2) Also, state three more functions required to be performed by Rishitosh Mukherjee at this
level.
Concept: Levels of Management
Mega Ltd. was manufacturing water-heaters. In the first year of its operations, the revenue earned by the company was just sufficient to meet its costs. To increase the revenue, the company analysed the reasons of less revenues. After analysis, the company decided
1) to reduce the labour cost by shifting the manufacturing unit to a backward area where
labour was available at a very low rate.
2) to start manufacturing solar water-heaters and reduce the production of electric
water-heaters slowly.
This will not only help in covering the risks but also help in meeting other objectives too.
a) Identify and explain the objectives of management discussed above.
b) State any two values which the company wanted to communicate to the society.
Concept: Objectives of Management
Explain any four characteristics of ‘principles of management’.
Concept: Concept of Management Principles
