Explore topic-wise InterviewSolutions in .

The balance of capital of deceased partner is to be taken at executor’s account.

Following balances of reserves are not, be distributed among partners. Provision of reserves against assets like investment fluctuation fund, bad debts reserve and depreciation fund and maintenance reserve etc. are not to be distributed between partners at the time of retirement.

In sole proprietorship the proprietor manages everything. He neither shares his work with anyone nor he can get benefit of skills and knowledge of other persons nor can he work beyond 24 hours per day that he has.

• In a sole proprietorship the proprietor does all the business activities himself. He takes care of purchasing, production, developing concepts for sales and . marketing, meeting vendors, customers, etc.
• Since he does all these activities on his own he does not need to discuss his business plans and strategies, skills and ability takes all the decisions and maintains the secrets of the business.

Limited capacity to work:

• In proprietorship the owner does everything. He formulates policies, he manages funds, he sells and he markets.
• It is a known fact that an individual has got only 24 hours per day to work and a limited set of skills and preferences towards works. Even if the proprietor is highly efficient he will have limited time and knowledge.
• The sole proprietor may lose out the benefit of skills possessed by other persons, opinions and suggestions, etc. and so the growth of business may be limited.

Answer is (D) 1970

Cricket was born in England in 1877

(C) Both A & B

(B) England, Australia

Answer (D) 1983

(A) Pakistan

Answer is (B) Dubai

The Surat session in 1907 witnessed the split of the moderates and the extremists because the moderates wanted to avoid the resolution of ‘Swadeshi’ and ‘Boycott’. 

The Extremists wanted to stop these attempts of the moderates. This increased the tension during the session. Reconciliation became impossible ultimately the Indian National Congress split into two groups.

Correct option is (D) In gain ratio

D) 1 – c, 2 – e, 3 – a, 4 – b, 5 – d

Correct option is (D) Assets side of the balance sheet

Correct option is (A) Capital accounts of all partners, on credit side, in old profit and loss ratio

Correct option is (C) Last date of financial year to the date of retirement

Correct option is (A) As a liability

Correct option is (C) In old profit-loss ratio

Correct option is (A) 3 : 2

Correct option is (A) Capital A/c

Old profit and loss ratio of partners A, B and C ⇒ 3 : 2 : 1.

Now, here no other information related to the new profit-loss ratio is given, old ratio of continuing partners remains as new profit-loss ratio and gaining ratio.

(i) If A retires ⇒ New profit-loss ratio of partner B and C = 2 : 1 ; New gaining ratio = 2 : 1
(ii) If B retires ⇒ New profit-loss ratio of partner A and C = 3 : 1 ; New gaining ratio = 3 : 1
(iii) If C retires ⇒ New profit-loss ratio of partner A and B = 3 : 2 ; New gaining ratio = 3 : 2

After retirement of A,

New ratio for B and C = 2 : 3

Now, Gain = New share – Old share

B’s gain = \(\frac{2}{5}-\frac{3}{10}=\frac{4-3}{10}=\frac{1}{10}\) ;

C’s gain = \(\frac{3}{5}-\frac{2}{10}=\frac{6-2}{10}=\frac{4}{10}\)

∴ Gaining ratio for partners B and C = 1 : 4 ;

New profit-loss ratio for B and C = 2 : 3

Correct option is (C) 5 : 3

Correct option is (B) ₹ 15,000

Old ratio of M, N,

O and P = \(\frac{5}{12}:\frac{3}{12}:\frac{2}{12}:\frac{2}{12}\)

Here, N and P retired.

\(\frac{2}{12}\) share of P is acquired by M

and \(\frac{3}{12}\) share of N is acquired by O.

∴ Gain of M = \(\frac{2}{12}\) and gain of O = \(\frac{3}{12}\)

∴ Gain ratio of M and 0 = 2 : 3

Now, New share = Old share + Gain

New share of M = \(\frac{5}{12}+\frac{2}{12}=\frac{7}{12}\)

New share of O = \(\frac{2}{12}+\frac{3}{12}=\frac{5}{12}\)

New profit – loss ratio M and 0 = 7 : 5

Correct option is (a) Bureaucratic management.

The proprietor can easily bring whatever change he wishes to in his business. Authority to decide solely, quick decision making and constant personal touch makes proprietorship highly flexible to change as required.

Correct option is (a) Organic structure

It is art to work with skill to fulfill any goal. It gives us practical knowledge. It not only analyzes the problem but also solves it. It tells the best way to fulfill certain objectives.

Profit and loss sharing ratio of partners A, B and C

= \(\frac{1}{2}:\frac{30}{100}:\frac{1}{5}=\frac{1}{2}:\frac{3}{10}:\frac{1}{5}=5:3:2\)

Partners A and C receives benefit in 3 : 2 ratio

∴ Gaining ratio for A and C = 3 : 2.

Gain = share of retiring partner x gain share

A’s gain = \(\frac{3}{10}\times\frac{3}{5}=\frac{9}{50}\) ;

C’s gain = \(\frac{3}{10}\times\frac{2}{5}=\frac{6}{50}\)

New share = Old share + Gain

A’s new share = \(\frac{5}{10}+\frac{9}{50}=\frac{25+9}{50}=\frac{34}{50}\) ;

C’s new share =\(\frac{2}{10}+\frac{6}{50}=\frac{10+6}{50}=\frac{16}{50}\)

New profit – loss ratio of A and C =\(\frac{34}{50}:\frac{16}{50}\) = 17 : 8

Correct option: (b) England

People do not care about our old defeats if we commence our life with a new beginning and achieve success.

The past never helps us in beginning our life in a new or refreshed manner.

Most of our time was spent by us praying for relief.

The 3 Ls are important in liberating a woman. Education makes her conscious of her rights and responsibilities. Labour helps her to earn money and also contribute to the economic development of the nation. Women are sometimes better leaders because they tend to make decisions based on consensus building, inclusion, compassion and sustainability. Men tend to be rash, whereas women are supposed to be more sober.

Correct option: (d) Serbia

The Need for Women Empowerment Empowering women is an urgent need of the day, especially in our society. In the Indian society, women do not have equality with men in many areas. Although the Constitution of India ensures equality of women in all aspects of life, in practice that equality remains on paper. In the social, economic and cultural status, women are considered inferior to men. Even now there is the dowry system. When a man marries he not only gets a wife, but he also gets a lot of money or ornaments. Many women don’t get married because they have no money to pay huge dowries to men. Culturally a woman is discriminated against. She is refused entry in many places, even in places of worship just because she is a woman. There is also economic discrimination. If a man gets Rs. 800 as his daily wages, a woman is paid only Rs. 400, although she may do more work than a man. Look at the Ministries in the Centre and the States. How many women ministers are there? Look at the Lok Sabha and the State Assemblies. How many women representatives are there? We nd in India equality of women is only on paper. Therefore the empowerment of women is very essential.

i. It was often hard to work and do the course at the same time.

ii. How often does Mr. Reddy come to Mumbai?

iii. I often come here on official business.

iv. Peter has often refused to teach them water skiing.

v. They often spent Christmas at Prescott Hill.

vi. How often do you brush your teeth?

vii. He often goes for movies on weekends.

viii. She often meets him at the railway station.

It was not easy but I felt confident of going on Everest now.

i. rot: decay

The prisoners were left to rot in the prison for their heinous crimes.

ii. culminated in: resulted in

The charity show for the blind was a grand success as it culminated in a lot of donation for the blind.

iii. cribbing: complaining

As children, we were always cribbing about our school homework.

iv. spectacle: display

The two women were arguing so loudly in the mall, that they failed to see themselves becoming a spectacle for others.

i. We celebrate our Independence Day on the fifteenth of August.

ii. The highest range of mountains in the world is the Himalayas.

iii. The Taj Mahal attracts a lot of tourists every year.

iv. The Ganga is a holy river but it is not in Maharashtra.

v. The distance from the Sun to the earth is 149.6 million kilometres.

vi. Yesterday, I saw a European riding on an elephant.

vii. Driving a boat is not the same as driving a car.

viii. A women’s organization raised the same problem again.

ix. Mumbai is a very costly place to live in.

x. Neil Armstrong was the first man to walk on the moon.

xi. The school will shortly close for the winter break.

xii. Can I have the pleasure of staying in your company?

xiii. It is an honour to get the prize from her.

xiv. Harivansh Rai Bachchan was a great poet.

xv. We will come early in the morning to pick you from your place.

i. perilous: dangerous

After the first showers of rain, roads become perilous for the drivers, as they get slippery.

ii. stepping stone: any means of advancement Good scores in the examination are the stepping stones towards success.

Contemporary newspapers are an important source of the study of national movement. Following points lay bare their importance as source of history with reference to Indian Freedom Movement. 

(a)Many contemporary newspapers were published by those who were involved in the freedom struggle. For example, National Herald was issued by Motilal Nehru, further Mr Jinnah issued Dawn. These nespapers were mouthpieces and represented important voices of the movement. Hence, they made important source of information regarding the freedom movement. 

(b)Newspapers do daily reporting, hence, their reporting is more detailed than perhaphs any other source can be. As they report on extremely recent events, the chances of misreporting is less. Reading different nespapers further makes our reading balanced and free from bias. 

(c)Many newspapers were in local Indian languages, i.e. in vernacular languages and their circulation was limited. Hence, they published newspaper from local perspective which other sources of history may not have. 

(d)They reflect the mood of the people too. These newspapers shaped what was published and the way events were reported. Accounts published in a London newspaper would be different from a report in an Indian nationalist paper.

Mahatma Gandhi seeked to identify himself with the common people of India. For this action plan 

(a)He began to live in a very simple life style. He wore simple clothes which a poor Indian would wear. 

(b)He spoke the language of local people. 

(c)Mahatma Gandhi opposed the caste system and attacked untouchability personally lived with the Harijan. 

(d)Mahatma Gandhi attached dignity to labour and physical work. He worked on Charkha and cleaned toilets. 

(e)He attacked the sentiment of the feeling of classifying people into low and high.

The British Government has had the policy to review the progress of self-rule in India and bring reforms after the gap of ten years. This began in 1910 with Morley Minto Reform and was followed in 1920 with Montague Chemsford Report. Ten years later British government invited Round Table Conference in London for the way forward. The First Round Table Conference took place in November, 1930. The Conference failed as the most important stake holder of Indian Freedom Movement, the Indian National Congress was absent in the conference. The leaders of the Congress were behind bars due to civil disobedience movement. The Second Table Conference took pace in February 1931. One month earlier Mahatma Gandhi was released from the jail. Hence, he participated in the conference. Gandhi Irwin pact was signed and the British government agreed to withdraw salt law partly. But the agreement came under criticism as it did not talk about complete independence of India. Third and the most important Round Table Conference took place in the later part of 1931. The new constitutional developments were not agreed upon. The main reason was that the other participants of the conference described Congress as representative of small group of Indians and not the entire population. The major voice of dissent were, the Moslem League that claimed itself the sole representative of the Moslems in India, Dr B.R. Ambedkar claimed himself the sole representative of the low castes in India and the native rulers also claimed they would deal with the British independently and Congress could not have any say in that. To conclude divisive politics of Moslem League, Dr Ambedkar and the attitude of the princely states are the main reasons for the failure of the round table conferences.

 Poorest of poor Indian consume food that has salt as one of its prime ingredient. British government brought tax on salt and making salt indigenously was forbidden. It was to become a big burden on the poor people of India. Some important points regarding salt law are as follows. 

1.Salt law was to lead to monopoly of salt production and distribution. It was to fuel prices, and added to this was the tax levied by the government. 

2.People were denied access to natural salt and tons of the same were destroyed. 

3.Salt law was an attack on the local industry in the villages too. Hence salt law was extremely unpopular and it became an important issue of the struggle.

Gandhiji believed that British empire in India could survive as long as the local people were cooperating with the foreign rule. Non-cooperating with the British government was to weaken it and also to protest against the same. Following points explain how it was a protest: 

1.Non-coperation movement came along with the Khilaphate movement, The British has not seen Hindu Muslem unity of this level ever in history. The protest of the people was unified cutting across communities and at great scale. 

2.People boycotted the pillars and symbols of British rule, courts, colleges and government offices. Lawyers stopped going to courts and students stayed away from colleges. At many places alternate arrangements were done to solve litigations out of court. Further many education institutions were established by the leaders of freedom struggle where students can study. One of them is Jamia Millia University in Delhi which exits today as one of the most reputed seats of higher education in India. 

3.People boycotted tax collection also and they refused to pay taxes. Thus, non-cooperation was a kind of protest too.