MCQOPTIONS
Saved Bookmarks
MCQOPTIONS
This section includes 200950 Mcqs, each offering curated multiple-choice questions to sharpen your General Knowledge knowledge and support exam preparation. Choose a topic below to get started.
| 6451. |
Rahul and Bajaj are partners in the ratio of 1 : 2. They admitted Birla as a new partner. The new profit sharing ratio is 1:2:3. Find outnnthesacrificing ratio? |
| A. | 1:2 |
| B. | 2:1 |
| C. | 2:3 |
| D. | 3:2 |
| Answer» B. 2:1 | |
| 6452. |
Sacrificing ratio isncalculated in the case of |
| A. | Admission of a partner |
| B. | Retirement of a partner |
| C. | Death of a partner |
| D. | Insolvencyof a partner |
| Answer» B. Retirement of a partner | |
| 6453. |
. A Trader has calculated annet profit of Rs. 56,750. Later he found thatndiscounted received of Rs. 580/- andndiscount allowed of Rs. 665 have been recorded onnthe wrong sides of these accounts. Whatnwould be the correct profit? |
| A. | Rs.56,580 |
| B. | Rs.56,665 |
| C. | Rs.56,835 |
| D. | Rs.56,920 |
| Answer» B. Rs.56,665 | |
| 6454. |
If a purchase of goods fornRs. 500 was wrongly posted to the credit side ofnPurchases A/c, the difference in trial balancenwill be |
| A. | Rs.500 |
| B. | Rs.250 |
| C. | Rs.1000 |
| D. | Rs.1500 |
| Answer» D. Rs.1500 | |
| 6455. |
Which of the following errorsnwill not be revealed inTrial balance? |
| A. | Purchases book was overcast by Rs.100 |
| B. | Purchase of goods for Rs. 100 for cash wasdebited to Purchases A/c, but omitted to beentered incash book. |
| C. | Salesbook was undercast by Rs.500 |
| D. | ) Purchase of material for Rs. 300 used forinstallation of machinery was debited toPurchases A/c |
| Answer» E. | |
| 6456. |
A machine was purchased atnthe beginning of the year at Rs.5,30,000. Thenmachine was wrongly depreciated by 10 %ninstead of 25 %. What will be therectificationnentry? |
| A. | P u0026 L A/c Dr. 79,500 To Prov. for Depr.A/c 79,500 |
| B. | P u0026 L A/c Dr. 26,500 To Prov. for Depr.A/c 26,500 |
| C. | Prov. for Depr.A/c Dr. 26,500 To P u0026 L A/C 26,500 |
| D. | Prov.for Depr.A/c Dr. 79,500 To P u0026 L A/C 79,500 |
| Answer» B. P u0026 L A/c Dr. 26,500 To Prov. for Depr.A/c 26,500 | |
| 6457. |
Ravi Shankar, a sole traderngifted a carto his son-in-law on the occasion ofnhis daughter’s marriage. The following entrynwas passed in this regard. Car A/c Dr. 5,00,000 To CashA/c 5,00,000 What is therectificationnentry? |
| A. | Drawings A/c Dr. 5,00,000 To Cash A/c 5,00,000 |
| B. | DrawingsA/c Dr.5,00,000 To CarA/c 5,00,000 |
| C. | CarA/c Dr. 5,00,000 To Drawings A/c 5,00,000 |
| D. | Cash A/c Dr. 5,00,000 To CarA/c 5,00,000 |
| Answer» C. CarA/c Dr. 5,00,000 To Drawings A/c 5,00,000 | |
| 6458. |
If the goods worth Rs. 20,000nwere taken by a co-venture for Rs. 15,000,nthe Joint Venture A/c will be credited by |
| A. | Rs.20,000 |
| B. | Rs. 15,000 |
| C. | Rs.25,000 |
| D. | Rs.5,000 |
| Answer» C. Rs.25,000 | |
| 6459. |
. A machine was purchased onn1-4-2010 for Rs. 14,400 and installationncharges amounted to Rs.1,600. Expected lifetimenis 8000 hours. During the year 2010-11, thenmachine worked for 2500 hours. Thendepreciation for the year will be |
| A. | Rs.4,500 |
| B. | Rs. 5,000 |
| C. | Rs.3,200 |
| D. | Rs.6,250 |
| Answer» C. Rs.3,200 | |
| 6460. |
Tinku u0026 Bunty enteredninto Joint Venture to share profits and losses innthe ratio of 2 :1. Tinku supplied 200nrefrigerators costing Rs.2,00,000 to Bunty,nincurring freight charges of Rs.10,000. Bunty sold 190nrefrigerators for Rs.2,40,000 and took over thenremaining 10 refrigerators for himself.nThe result of Joint venture =? |
| A. | Loss Rs.40,000 |
| B. | Profit Rs.30,000 |
| C. | Profit Rs.40,000 |
| D. | Profit Rs.40,500 |
| Answer» E. | |
| 6461. |
The cost of the furniturenlost by fire is Rs. 18,000 Provision for depreciationnonthe date of fire is Rs. 2,700 Insurance claim acceptednRs.12,000 Amount of loss to be debitednto P u0026 L A/cis _ |
| A. | Rs.6,000 |
| B. | Rs. 15,300 |
| C. | Rs.3,300 |
| D. | Rs. 18,000 |
| Answer» D. Rs. 18,000 | |
| 6462. |
If the rate of depreciationnunder W.D.V. method is 15%p.a., thenoriginal cost of the machine is Rs. 10,00,000,nScrap value at the end of its useful life is Rs.n2,00,000, then the depreciation forthe firstnyear will be |
| A. | Rs.1,50,000 |
| B. | Rs. 1,20,000 |
| C. | Rs.1,00,000 |
| D. | Rs.80,000 |
| Answer» B. Rs. 1,20,000 | |
| 6463. |
From the following information find out the credit sales Opening Debtors Rs. 12,000 Closing Debtors Rs. 14,000 B/R accepted by Debtors Rs.13,000 Cash received from DebtorsRs.38,400 |
| A. | Rs.39,400 |
| B. | Rs.27,000 |
| C. | Rs.65,400 |
| D. | Rs. 53,400 |
| Answer» E. | |
| 6464. |
. When an endorsed bill isndishonoured, the journal entry in the books ofnthe drawer will be |
| A. | Drawee A/c Dr. To B/R A/c |
| B. | DraweeA/c Dr. To Creditor A/c |
| C. | B/R A/c Dr. To Creditor A/c |
| D. | None of these |
| Answer» C. B/R A/c Dr. To Creditor A/c | |
| 6465. |
Opening Capital Rs. 1,00,000 Interest on Capital Rs.10,000 Drawings Rs. 20,000 Interest on Drawings Rs.2,000 Closing Capital Rs. 2,00,000 NetProfit ? |
| A. | 1, 00,000 |
| B. | 1, 20,000 |
| C. | 1, 22,000 |
| D. | 1,12,000 |
| Answer» E. | |
| 6466. |
A drew a bill on B. Anendorsed the bill to C in full settlement of his debtnof Rs. 35,000 at 2% discount and paid cash Rs.n5000. What will be theamount of thebill? |
| A. | Rs.30,000 |
| B. | Rs. 29,700 |
| C. | Rs.29,300 |
| D. | Rs. 30,700 |
| Answer» D. Rs. 30,700 | |
| 6467. |
A draws an accommodation bill on B for 3 months. Proceeds are to be shared equally. A got the bill discounted at 12% per annum and remitted the proceeds of Rs. 48,500/- to B. The amount of the bill is |
| A. | Rs.1,00,000 |
| B. | 97,000 |
| C. | Rs.1,10,000 |
| D. | Rs.98,000 |
| Answer» B. 97,000 | |
| 6468. |
Debtors as per trial balancen= Rs. 80,000 Furtherinformation – i)Bad debts Rs.2,000 ii) Provision for discount onndebtors @ 5% will be |
| A. | Rs.4,100 |
| B. | Rs.4,000 |
| C. | Rs.3,900 |
| D. | Rs.4,200 |
| Answer» D. Rs.4,200 | |
| 6469. |
Opening stock Rs. 69,500 ClosingStock Rs. 83,500 Sales Rs. 1,60,000 Purchases Rs. 1,10,000 G.P.on sales =? |
| A. | 35% |
| B. | 40% |
| C. | 45% |
| D. | 30% |
| Answer» C. 45% | |
| 6470. |
What is the effect on Grossnprofit, if closing stock is undervalued bynRs.10,000 and opening stock is overvalued bynRs.10,000? |
| A. | G.P.will increase by Rs.10,000 |
| B. | G.P.will decrease by Rs.10,000 |
| C. | G.P.will decrease by Rs.20,000 |
| D. | No change inG.P. |
| Answer» D. No change inG.P. | |
| 6471. |
Calculate G.P.when – Opening stock Rs. 24,000 Closing stock Rs. 15,000 Sales Rs 6,00,000 Cost of goods sold Rs.n4,55,000 |
| A. | Rs.1,30,000 |
| B. | Rs. 1,45,000 |
| C. | Rs.1,54,000 |
| D. | Rs. 1,06,000 |
| Answer» C. Rs.1,54,000 | |
| 6472. |
A diamond ring worth Rs.1,00,000 was stolen from the shop of M/s Shine Jewelers on 25-03-2012. Insurance claim ofRs. 60,000 was admitted, but not paid by the insurance company till 31-03-2012. In this regard, no entry was passed in the books of A/c. The correct journal entry to be passed while preparing thefinal accounts on 31-03-2012 is_ |
| A. | Pu0026L A/c Dr. 1,00,000 To Purchases A/c 1,00,000 |
| B. | Insurance claim ReceivableA/cDr. 40,000 Lossby theft A/c Dr. 60,000 To Purchases A/c 1,00,000 |
| C. | P u0026 L A/c Dr. 40,000 Insurance claim ReceivableA/c Dr. 60,000 To Purchases A/c 1,00,000 |
| D. | None of theabove |
| Answer» D. None of theabove | |
| 6473. |
Starting with over draftnbalance of cash book in B.R.S, a cheque of Rs.n5,500 deposited in bank and duly credited innpass book, but not recorded incash book inB.R.S |
| A. | Rs. 5500 will be added |
| B. | Rs. 5500 will be subtracted |
| C. | Rs. 11000 will be added |
| D. | Rs. 11000 will be subtracted |
| Answer» C. Rs. 11000 will be added | |
| 6474. |
Calculate theclosing stock onn31.03.2011 Particulars 31.03.2010n31.03.2011 Opening stock Rs. 30,000 Rs.n35,000 Purchases Rs. 3,25,000 Rs.n4,20,000 Sales Rs. 4,00,000 Rs.n5,00,000 The profit margin remainsnunchanged |
| A. | Rs. 35,000 |
| B. | Rs. 50,000 |
| C. | Rs.55,000 |
| D. | Rs.60,000 |
| Answer» D. Rs.60,000 | |
| 6475. |
X sold goods to Y at cost 10 % profit.Y sold goods to Z at 20 % profit on sales.If cost of the goods to X is Rs. 50,000. What is thecost of thegoods to Z ? |
| A. | Rs.66,000 |
| B. | Rs. 68,750 |
| C. | Rs.65,000 |
| D. | Rs. 69,450 |
| Answer» C. Rs.65,000 | |
| 6476. |
Debit balance asper cash booknis Rs. 1500 Cheque deposited, but notncleared Rs. 100 Cheque issued, but notnpresented Rs. 150 Dividend collected by banknRs. 50 Interest allowed by bank Rs.n50 Balance asper passbook? |
| A. | Rs.1550 |
| B. | Rs.1650 |
| C. | Rs.1600 |
| D. | Rs.1950 |
| Answer» C. Rs.1600 | |
| 6477. |
Rent paid fortheperiod fromn1-10-2010 to 30-09-2011 was Rs. 12,000/- Rent paid for theperiodnfrom1-10-2011 to 30-09-2012 was Rs. 18,000/- Rent to bedebited to the P/LnA/C for the year ended 31-03-2012 =? |
| A. | Rs.15,000 |
| B. | Rs. 13,000 |
| C. | Rs.12,000 |
| D. | Rs. 20,000 |
| Answer» B. Rs. 13,000 | |
| 6478. |
Amount recovered from Rahul,nwhich was earlier written off as bad debt is debited to Cash A/c and creditednto A/c |
| A. | Bad Debts |
| B. | Baddebts recovered |
| C. | Rahul |
| D. | Sales |
| Answer» C. Rahul | |
| 6479. |
Mr. X is a dealer innelectronic goods (such asrefrigerators, airnconditioners, washing machines, televisions etc) Henpurchased 2 aironditioners and installed innhis showroom. Inthe books of ‘X’ the cost ofnthese 2 airconditioners will be debitednto |
| A. | Drawing A/c |
| B. | CapitalA/c |
| C. | Fixed AssetA/c |
| D. | PurchasesA/c |
| Answer» D. PurchasesA/c | |
| 6480. |
Which of the following is not anNominal A/c? |
| A. | Outstanding salariesA/c |
| B. | Salaries A/c |
| C. | Interest paid A/c |
| D. | Commission receivedA/c |
| Answer» B. Salaries A/c | |
| 6481. |
A furniture dealer soldnfurniture for Rs 25000/-to Sunil for cash. In the booksofnthe dealerA/c is debited and A/c isncredited |
| A. | Cash, FixedAsset |
| B. | Cash,Furniture |
| C. | Cash,Sales |
| D. | Cash,Sunil |
| Answer» D. Cash,Sunil | |
| 6482. |
Who was First Chief Minister of gujrat ? |
| A. | Dr. Jivraj Mehta |
| B. | Jivraj Narayan Mehta |
| C. | Balwantrai Mehta |
| D. | Hitendra K Desai |
| Answer» B. Jivraj Narayan Mehta | |
| 6483. |
Find the two numbers such that the mean |
| A. | 9, 36 |
| B. | 8, 32 |
| C. | 7, 28 |
| D. | 6, 24 |
| Answer» B. 8, 32 | |
| 6484. |
How much investment required to yield an a 6000 b 6420 c 5580 d 5000 6000 |
| A. | 6000 |
| B. | 6420 |
| C. | 5580 |
| D. | 5000 |
| Answer» B. 6420 | |
| 6485. |
The principle of 90,500 with rate of interest a 7y b 4.5y c 6y d 8y 6y |
| A. | 7y |
| B. | 4.5y |
| C. | 6y |
| D. | 8y |
| Answer» D. 8y | |
| 6486. |
Number of permutations can be formed fromthe letters of the word“DRAUGHT”, if no two |
| A. | 720 |
| B. | 1440 |
| C. | 140 |
| D. | 2880 |
| Answer» C. 140 | |
| 6487. |
. The first term of G.P whose |
| A. | 6 |
| B. | 3 |
| C. | 4 |
| D. | 7 |
| Answer» D. 7 | |
| 6488. |
If the point (k, 3) is at a distance of 5 unitsfrom the point (2, k), the value of ‘k’ is: |
| A. | 1 |
| B. | 4 |
| C. | Both (a) u0026 b) |
| D. | None of these |
| Answer» D. None of these | |
| 6489. |
The number of elements in range of constant function |
| A. | one |
| B. | zero |
| C. | infinite |
| D. | indetermined |
| Answer» B. zero | |
| 6490. |
The criteria for an ideal estimator are |
| A. | Unbiased minimum variance |
| B. | Consistency and efficiency |
| C. | sufficiency |
| D. | All of these |
| Answer» E. | |
| 6491. |
In a group of 200. 100 are interested in music, 70 in photography and 40 in swimming . 40 are interested in both music and photography, 30 in music and swimming. 20 in photography and |
| A. | 30 |
| B. | 15 |
| C. | 25 |
| D. | 20 |
| Answer» E. | |
| 6492. |
If two dice are thrown together then the |
| A. | 2/3 |
| B. | 1/6 |
| C. | 1/3 |
| D. | none |
| Answer» D. none | |
| 6493. |
In an A.P the common difference is 2. Sum of n terms is 49. If 7th term is 13. Find n. |
| A. | 0 |
| B. | 5 |
| C. | 7 |
| D. | 3 |
| Answer» D. 3 | |
| 6494. |
. In a normal distribution Q.D is 6 , then S.D is |
| A. | 4 |
| B. | 9 |
| C. | 7 |
| D. | 6 |
| Answer» C. 7 | |
| 6495. |
A bag contains 6 red balls and some blue balls. If the probability of drawing u0026 |
| A. | 10 |
| B. | 12 |
| C. | 14 |
| D. | 16 |
| Answer» C. 14 | |
| 6496. |
. If the coefficient of correlation between x and y series is -0.38. Thenlinear relations between xu0026 u and |
| A. | 0.38 |
| B. | -0.38 |
| C. | 0.40 |
| D. | None |
| Answer» C. 0.40 | |
| 6497. |
. An exclusive series is? |
| A. | Inwhich,bothupperandlowerlimitsarenot included in class frequency |
| B. | In which lower limitis not includedin classfrequency |
| C. | In which upper limitis not includedin classfrequenc |
| D. | None of these |
| Answer» D. None of these | |
| 6498. |
If the mode of data is 18 and mean is 24, then median is ______ |
| A. | 18 |
| B. | 24 |
| C. | 22 |
| D. | 21 |
| Answer» D. 21 | |
| 6499. |
The Mean salary of a group of 50 u003c |
| A. | Rs.5, 854 |
| B. | Rs.5, 846 |
| C. | Rs.5, 650 |
| D. | Noneof these |
| Answer» C. Rs.5, 650 | |
| 6500. |
A man travels from Agra to Gwalior at a speed of 30kmph and returns at a speed of 60kmph.What is his average speed? |
| A. | 38 kmph |
| B. | 40kmph |
| C. | 45 kmph |
| D. | 35 kmph |
| Answer» C. 45 kmph | |