Explore topic-wise InterviewSolutions in Class 12.

This section includes InterviewSolutions, each offering curated multiple-choice questions to sharpen your Class 12 knowledge and support exam preparation. Choose a topic below to get started.

2951.

A debenture holder in entitled to :

Answer» <html><body><p><a href="https://interviewquestions.tuteehub.com/tag/fixed-457597" style="font-weight:bold;" target="_blank" title="Click to know more about FIXED">FIXED</a> <a href="https://interviewquestions.tuteehub.com/tag/dividend-957360" style="font-weight:bold;" target="_blank" title="Click to know more about DIVIDEND">DIVIDEND</a><br/> Share in profits<br/>Voting rights in the company<br/>Interest at the fixed <a href="https://interviewquestions.tuteehub.com/tag/rate-1177476" style="font-weight:bold;" target="_blank" title="Click to know more about RATE">RATE</a> </p>Answer :D</body></html>
Discussion
2952.

A, B and C share profits and losses of the firm equally. B retires from business and his share is purchased by A anc C in the ratio of 2:3. New profit sharing ratio between A and C in the ratio of 2:3. New profit sharing ratio between A and C respectively would be:

Answer» <html><body><p>`1:1` <br/>`2:3`<br/>7:8`<br/>`3:5`</p><a href="https://interviewquestions.tuteehub.com/tag/answer-15557" style="font-weight:bold;" target="_blank" title="Click to know more about ANSWER">ANSWER</a> :<a href="https://interviewquestions.tuteehub.com/tag/c-7168" style="font-weight:bold;" target="_blank" title="Click to know more about C">C</a></body></html>
Discussion
2953.

A B and C Are Partnersin aa firmtheydo nothavea partnershipDeedAtof thefirstyearof thecommencementof thefirmtheythefollowingproblems : (a)A wantthatintereston a capitalshouldbe allowedto thepartnersbutB and Cdo notagree (b)B wantsthat thepartnersshouldbeallowedto drew salarybutA and CSo not agree ( c )C want that theloangivenby him to thefirmshould bearinterest@10% p.abutA and Bdo notagree, (d)A and Bhavingcontributed largeramountsof capitaldesirethattheprofitshouldbedividedin theratiothiercapialcontributationbut C doesnotagree . Statehowyouwill settle thesedisputesif thepartnersapproachyoufor thepurpose .

Answer» <html><body><p></p>Solution :(a) A's claimisnotaccepted <br/>(b) 8'sclaims is not accepted<br/> ( C) c's <a href="https://interviewquestions.tuteehub.com/tag/claim-917612" style="font-weight:bold;" target="_blank" title="Click to know more about CLAIM">CLAIM</a> is notacceptedonly <a href="https://interviewquestions.tuteehub.com/tag/6-327005" style="font-weight:bold;" target="_blank" title="Click to know more about 6">6</a>% p.a should be should be allowed by <a href="https://interviewquestions.tuteehub.com/tag/way-1450548" style="font-weight:bold;" target="_blank" title="Click to know more about WAY">WAY</a> of intereston theloanand <br/> ( D) <a href="https://interviewquestions.tuteehub.com/tag/profit-1168589" style="font-weight:bold;" target="_blank" title="Click to know more about PROFIT">PROFIT</a> or lossesshouldbe distributed <a href="https://interviewquestions.tuteehub.com/tag/among-374776" style="font-weight:bold;" target="_blank" title="Click to know more about AMONG">AMONG</a> thepartners equallytheclaim madebyA andBis notaccepted .</body></html>
Discussion
2954.

A B and C are partners sharing profits in the ratio of 5:3:2. They decide to share the future in the ratio of 2 3:5. What will be the accounting treatment of Workmen Compensation Reserveappearing in the Balance Sheet on that date when no information is available for the same?

Answer» <html><body><p>Distributed among the partners in their <a href="https://interviewquestions.tuteehub.com/tag/capital-908677" style="font-weight:bold;" target="_blank" title="Click to know more about CAPITAL">CAPITAL</a> ratio<br/>Distributed among the partners in their <a href="https://interviewquestions.tuteehub.com/tag/new-1114486" style="font-weight:bold;" target="_blank" title="Click to know more about NEW">NEW</a> profit-sharing ratio.<br/> Distributed among the partners in their old profit-sharing ratio.<br/> <a href="https://interviewquestions.tuteehub.com/tag/carried-7257188" style="font-weight:bold;" target="_blank" title="Click to know more about CARRIED">CARRIED</a> forward to new <a href="https://interviewquestions.tuteehub.com/tag/balance-891682" style="font-weight:bold;" target="_blank" title="Click to know more about BALANCE">BALANCE</a> Sheet.</p>Solution : Distributed among the partners in their old profit-sharing ratio.</body></html>
Discussion
2955.

A firm's credit revenue from operations is Rs. 3,60,000, cash revenue from operations is Rs. 70,000. Cost of revenue from operations is Rs. 3,61,200. Its gross profit ratio will be :

Answer» <html><body><p>`<a href="https://interviewquestions.tuteehub.com/tag/11-267621" style="font-weight:bold;" target="_blank" title="Click to know more about 11">11</a>%`<br/>`<a href="https://interviewquestions.tuteehub.com/tag/15-274069" style="font-weight:bold;" target="_blank" title="Click to know more about 15">15</a>%`<br/>`<a href="https://interviewquestions.tuteehub.com/tag/18-278913" style="font-weight:bold;" target="_blank" title="Click to know more about 18">18</a>%`<br/>`<a href="https://interviewquestions.tuteehub.com/tag/16-276476" style="font-weight:bold;" target="_blank" title="Click to know more about 16">16</a>%`</p><a href="https://interviewquestions.tuteehub.com/tag/answer-15557" style="font-weight:bold;" target="_blank" title="Click to know more about ANSWER">ANSWER</a> :D</body></html>
Discussion