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Assess any three effects of Emergency imposed in 1975 in strengthening the democracy in India.
Concept: Controversies Regarding Emergency
Highlight any four outcomes of the ‘Earth Summit’ held in June 1992 at Rio.
Concept: Environmental Concerns in Global Politics
Briefly describe the story of Sikkim from the time of India's independence to its merger with India.
Concept: Challenges and Responses in the North East
'Bodo' community belongs to which state?
Concept: Challenges and Responses in the North East
Analyze three major developments towards the end of the 1980s that made a long-lasting impact on the politics of India.
Concept: Context of the 1990s
Explain any three psychological models used to understand mental disorders.
Concept: Factors Underlying Abnormal Behaviour
What is cognitive dissonance?
Concept: Nature and Components of Attitudes
One of the most significant yet paradoxical changes in the caste system in the contemporary period is that it has tended to become ‘invisible’ for the upper caste, urban middle, and upper classes. Elaborate.
Concept: Caste and the Caste System
| “Every human being needs a sense of stable identity to operate in this world. Questions like — Who am I? How am I different from others? How do others understand and comprehend me? What goals and aspirations should I have? – constantly crop up in our life right from childhood. We are able to answer many of these questions because of the way in which we are socialised, or taught how to live in society by our immediate families and our community in various senses.” |
During a communal conflict, communities construct matching but opposite mirror images of each other. Explain this statement.
Concept: Cultural Communities and the Nation-state
Chhavi and Neha were partners in firm sharing profits and losses equally. Chhavi withdrew a fixed amount at the beginning of each quarter. Interest on drawings is charged @ 6% p.a. At the end of the year, interest on Chhavi's drawings amounted to ₹ 900. Pass necessary journal entry for charging interest on drawings.
Concept: Distribution of Profit Among Partners
Sonu and Rajat started a partnership firm on April 1, 2017. They contributed ₹ 8,00,000 and ₹ 6,00,000 respectively as their capitals and decided to share profits and losses in the ratio of 3: 2.
The partnership deed provided that Sonu was to be paid a salary of ₹ 20,000 per month and Rajat a commission of 5% on turnover. It also provided that interest on capital be allowed at 8% p.a. Sonu withdrew ₹ 20,000 on 1st December 2017 and Rajat withdrew ₹ 5,000 at the end of each month. Interest on drawings was charged at 6% p.a. The net profit as per Profit and Loss Account for the year ended 31st March 2018 was ₹ 4,89,950. The turnover of the firm for the year ended 31st March 2018 amounted to ₹ 20,00,000. Pass necessary journal entries for the above transactions in the books of Sonu and Rajat.
Concept: Distribution of Profit Among Partners >> Past Adjustments
Which formulae would result in TRUE if C3 is less than 14 and D4 is less than 200?
Concept: Useful Functions > Logical Function
What category of functions is used in this formula: =PMT(D11/15,D12,D 12,5)
Concept: Useful Functions > Financial Functions
List any four items of 'reserves' that are shown under the heading 'Reserves and Surplus' in the Balance Sheet of a company as per schedule Ill of the Companies Act 2013
Concept: Statement of Profit and Loss
What is meant by 'Financial Statements' of a company?
Concept: Concept of Financial Statements
Tractors India Ltd. is registered with an authorized capital of Rs10,00,000 divided into 1,00,000 equity shares of Rs 10 each. The company issued 50,000 equity shares at a premium of Rs 5 per share. Rs 2 per share were payable with the application, Rs 8 per share including premium on the allotment and the balance amount on first and final call. The issue was fully subscribed and all the amount due was received except the first and final call money on 500 shares allotted to Balaram. Present the 'Share Capital in the Balance Sheet of Tractors India Ltd. as per Schedule VI Part I of the Companies Act, 1956, Also prepare Notes to Accounts for the same.
Concept: Statement of Profit and Loss
Under which heads the following items will be placed in the Balance Sheet of a company as per Schedule VI part I of the Companies Act, 1956?
(1) Cash in hand
(2) Mining Rights
(3) Short-term deposits
(4) Debenture Redemption Reserve
(5) Income received in advance
(6) The balance of the Statement of Profit and Loss
(7) Office Equipment and
(8) Work-in-progress.
Concept: Statement of Profit and Loss
State any objective of Financial Statement Analysis’.
Concept: Concept of Financial Statements
State under which major headings and sub-headings will the following items be presented in the Balance Sheet of a company as per Schedule-III, Part-I of the Companies Act, 2013.
(i) Prepaid Insurance
(ii) Investments in Debentures
(iii) Calls-in-arrears
(iv) Unpaid dividend
(v) Capital Reserve
(vi) Loose Tools
(vii) Capital work-in-progress
(viii) Patents being developed by the company.
Concept: Statement of Profit and Loss
Classify the following items under Major heads and Sub-head (if any) in the Balance Sheet of a Company as per schedule III of the Companies Act 2013.
- Current maturities of long-term debts
- Furniture and Fixtures
- Provision for Warranties
- Income received in advance
- Capital Advances
- Advances recoverable in cash within the operation cycle
Concept: Statement of Profit and Loss
