Fundamentals

QuizÂ by Pooja Bhatla

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5 questions
• Q1
What should be maximum number of partners ?
10
2
50
20
30s
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• Q2
Pick odd one out
Managers Commission
Interest on capital
Rent
Interest on partners Loan
30s
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Delete
• Q3
A manager gets a5%commission on net profit after charging such commission. Gross Profit=5,80,000. Indirect Expenses=1,60,000.Commission will be
21000
22000
20000
15000
30s
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Delete
• Q4
X,Y&Z were sharing in the ratio of 6:4:1.X guaranteed a profit of 15000 to Z.Net Profit for the year was 99000.X's share of profit will be
45000
30000
48000
15000
30s
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Delete
• Q5
A &B were sharing in the ratio of 3:2.Their capitals were 120000 & 240000.They were entitled to Interest on capital @10%p.a.Firm earned a profit of 18000 during the year. The interest on A's capital will be
12000
6000
7200
10800
30s
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