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Bihar Board Class 9th English Objective Questions and Answers Key 2019, 2020, 2021 Pdf free download.

Bihar Board 9th Objective Questions and Answers

Bihar Board 9th English Objective Questions and Answers Key 2020-2021 Pdf Download

Bihar Board 9th English Objective Questions and Answers Panorama Part 1

Panorama English Book Prose Section

• Chapter 1 Dharam Juddha
• Chapter 2 Yayati
• Chapter 3 A Silent Revolution
• Chapter 4 Too Many People, Too Few Trees
• Chapter 5 Echo and Narcissus
• Chapter 6 The Shehnai of Bismillah Khan
• Chapter 7 Kathmandu
• Chapter 8 My Childhood
• Chapter 9 The Gift of The Magi

Panorama English Book Poetry Section

• Poem 1 The Grand Mother
• Poem 2 On His Blindness
• Poem 3 Blow, Blow, Thou Winter Wind
• Poem 4 To Daffodils
• Poem 5 Sound
• Poem 6 Self Introduction
• Poem 7 I am Like Grass
• Poem 8 Abraham Lincoln’s Letter to his Son’s Teacher

Bihar Board Class 9th English Objective Answers Panorama English Reader Part 1

• Chapter 1 I’m going to Dance Again
• Chapter 2 Scaling Great Heights
• Chapter 3 Saint Kabir
• Chapter 4 The Eyes are not Here
• Chapter 5 Ismat Chughtai : A Lady with a Difference
• Chapter 6 The Accidental Tourist
• Chapter 7 Saint Ravidas
• Chapter 8 Bharathipura
• Bihar Board 9th English Objective Model Set 1
• Bihar Board 9th English Objective Model Set 2

Bihar Board Class 9th Sanskrit Objective Questions and Answers Key 2019, 2020, 2021 Pdf free download in Hindi Medium and English Medium.

Bihar Board 9th Objective Questions and Answers

Bihar Board 9th Sanskrit Objective Questions and Answers Key 2020-2021 Pdf Download

Bihar Board 9th Sanskrit Objective Answers

संस्कृत पीयूषम् भाग 1

• Chapter 1 ईशस्तुति:
• Chapter 2 लोभविष्टः चक्रधरः
• Chapter 3 यक्ष-युधिष्ठिर संवाद
• Chapter 4 चत्वारो वेदाः
• Chapter 5 संस्कृतस्य महिमा
• Chapter 6 संस्कृतसाहित्ये पर्यावरणम्
• Chapter 7 ज्ञानं भारः क्रियां विना
• Chapter 8 नीतिपधानिः
• Chapter 9 बिहारस्य संस्कृतिकं वैभवम्
• Chapter 10 ईद-महोत्सवः
• Chapter 11 ग्राम्यजीवनम्
• Chapter 12 वीर कूँवर सिंहः
• Chapter 13 किशोराणां मनोविज्ञानम्
• Chapter 14 राष्ट्रबोधः
• Chapter 15 विश्ववन्दिता वैशाली

संस्कृत पीयूषम् द्रुतयपाठय भाग 1 (अनुपूरक पुस्तक)

Bihar Board 9th Sanskrit Grammar Objective Answers

• व्याकरण प्रकरणम्
• कारक प्रकरण एवं विभक्ति
• उपसर्ग प्रकरण
• प्रत्यय प्रकरण
• सन्धि प्रकरण
• समास प्रकरण
• Bihar Board 9th Sanskrit Objective Model Set 1
• Bihar Board 9th Sanskrit Objective Model Set 2

Bihar Board 12th Accountancy Model Papers

Bihar Board 12th Accountancy Model Question Paper 5 in English Medium

Time : 3 Hours 15 Min
Full Marks: 100

Instructions for the candidates

1. Candidates are required to give their answers in their own words as far as practicable.
2. Figures in the right-hand margin indicate full marks.
3. While answering the questions, the candidate should adhere to the word limit as for as practicable.
4. 15 minutes of extra time has been allotted for the candidate to read the questions carefully.
5. This question paper has two sections: Section – A and Section – B.
6. In Section – A, there are 50 objective type questions which are compulsory, each carrying 1 mark. Darken the circle with black/blue ball pen against the correct option on OMR Sheet provided to you. Do not use Whitener/Liquid/Blade/Nail on OMR Sheet, otherwise, the result will be treated as invalid.
7. In Section – B there are Non-objective type questions. There are 25 Short answer type questions, out of which any 15 questions are to be answered. Each question carries 2 marks. Apart from this, there are 8 Long answer type questions, out of which any 4 of them are to answer. Each question carries 5 marks.
8. Use of any electronic device is prohibited.

Objective Type Questions

Question No. 1 to 50 have four options, out of which only one is correct, you have to mark the correct option on the OMR Sheet. (50 × 1 = 50)

Question 1.
Income & Expenditure Account is
(a) Personal A/c
(b) Real A/c
(c) Nominal A/c
(d) None of these
Answer:
(c) Nominal A/c

Question 2.
Legacy should be treated as
(a) liability
(b) capital receipt
(c) revenue receipt
(d) None of these
Answer:
(a) liability

Question 3.
Specific donation is
(a) Capital Receipt
(b) Revenue Receipt
(c) Assets
(d) None of these
Answer:
(a) Capital Receipt

Question 4.
Subscriptions received by an organisation is
(a) Capital Receipt
(b) Revenue Receipt
(c) Both
(d) None of these
Answer:
(b) Revenue Receipt

Question 5.
Current Account is
(a) Personal A/c
(b) Real A/c
(c) Nominal A/c
(d) None of these
Answer:
(a) Personal A/c

Question 6.
Making partnership agreement is
(a) compulsory
(b) voluntary
(c) partly compulsory
(d) None of these
Answer:
(a) compulsory

Question 7.
For the firm interest on partner’s drawing is a/an
(a) expense
(b) income
(c) loss
(d) receipt
Answer:
(b) income

Question 8.
In the partnership firm, profit and loss are shared
(a) equally
(b) ratio of capital
(c) according to agreement
(d) none of these
Answer:
(c) according to agreement

Question 9.
P/L Appropriation A/c is prepared
(a) for reserve fund
(b) for net profit
(c) for divisible profit
(d) none of these
Answer:
(c) for divisible profit

Question 10.
Interest on advance given to the firm is
(a) an appropriation
(b) profit
(c) charge
(d) none of these
Answer:
(c) charge

Question 11.
The excess of average profit over the normal profit is called
(a) super profit
(b) Fixed profit
(c) Abnormal profit
(d) normal profit
Answer:
(a) super profit

Question 12.
The monetary value of the reputation of the business is called
(a) goodwill
(b) surplus
(c) abnormal profit
(d) none of these
Answer:
(a) goodwill

Question 13.
Profit or loss on revaluation is borne by
(a) old partners
(b) new partners
(c) all partners
(d) only two
Answer:
(a) old partners

Question 14.
Excess of the credit side over the debit side of Revaluation Account is
(a) profit
(b) loss
(c) receipt
(d) expense
Answer:
(a) profit

Question 15.
The opening balance of Partner’s Capital A/c is credited with
(a) interest on capital
(b) interest in drawing
(c) drawing
(d) share in loss
Answer:
(a) interest on capital

Question 16.
Share of goodwill brought in cash by the new partner is called
(a) Assets
(b) Profit
(c) Premium
(d) none of these
Answer:
(c) Premium

Question 17.
On the retirement of a partner, the full amount of goodwill is credited to the capital accounts of
(a) retiring partner
(b) remaining partners
(c) all partners
(d) none of these
Answer:
(d) none of these

Question 18.
Gaining Ratio is calculated
(a) at the time of admission
(b) at the time of retirement
(c) on the dissolution
(d) none of these
Answer:
(b) at the time of retirement

Question 19.
Profit & Loss on Revaluation at the time of retirement is shared by
(a) remaining partners
(b) all partners
(c) new partners
(d) none of these
Answer:
(a) remaining partners

Question 20.
A, B and C are partners sharing profit & loss in the ratio of 5 : 3 : 2. A retires. The gaining ratio is
(a) 3 : 2
(b) 5 : 3
(c) 5 : 2
(d) None of these
Answer:
(c) 5 : 2

Question 21.
The amount due to the deceased partner is paid to his
(a) Father
(b) Friend
(c) Wife
(d) Executors
Answer:
(d) Executors

Question 22.
On the death of a partner in a firm final payment are made to
(a) Capital A/c
(b) Executor A/c
(c) Current A/c
(d) Loan A/c
Answer:
(b) Executor A/c

Question 23.
The executors of a deceased partner will be paid interest on the amount from the date of death of the partner at
(a) 5% p.a.
(b) 6% p.a.
(c) 7% p.a.
(d) 8% p.a.
Answer:
(b) 6% p.a.

Question 24.
Joint life policy of the partners is an _______ account.
(a) nominal A/c
(b) personal A/c
(c) liability
(d) goodwill.
Answer:
(b) personal A/c

Question 25.
Revaluation A/c is prepared at the time of
(a) Admission
(b) Retirement
(c) Death
(d) All of these
Answer:
(d) All of these

Question 26.
Payment of credit balance of partners Capital Account at the time dissolution of a firm is made to
(a) partners
(b) firm
(c) wife
(d) none of these
Answer:
(a) partners

Question 27.
Realisation expenses are recorded in which side of Realisation Account?
(a) Liabilities
(b) Assets
(c) Debit
(d) Credit
Answer:
(b) Assets

Question 28.
At the time of dissolution of the firm book value of assets is recorded in which side of the Realisation A/c?
(a) Debit side
(b) Credit side
(c) Liabilities side
(d) Assets side
Answer:
(a) Debit side

Question 29.
Realisation Account is a
(a) Personal A/c
(b) Nominal A/c
(c) Real A/c
(d) None of these
Answer:
(b) Nominal A/c

Question 30.
On the dissolution of a firm, Partners Capital A/c is closed through
(a) Realisation A/c
(b) Drawing A/c
(c) Bank A/c
(d) None of these
Answer:
(c) Bank A/c

Question 31.
Expenses on the dissolution of a firm is called
(a) Realisation expense
(b) Legal expense
(c) Loss expenses
(d) None of these
Answer:
(a) Realisation expense

Question 32.
A firm can be voluntarily dissolved by the partners
(a) on majority’s decision
(b) on \(\frac{3}{4}\) of the member’s decision
(c) on \(\frac{1}{2}\) of the member’s decision
(d) none of these
Answer:
(b) on \(\frac{3}{4}\) of the member’s decision

Question 33.
On the firm’s dissolution which one of the following A/c should be prepared at the last?
(a) Realisation A/c
(b) Cash A/c
(c) Capital A/c
(d) Loan A/c
Answer:
(a) Realisation A/c

Question 34.
On dissolution, Goodwill A/c is transferred to
(a) Realisation A/c
(b) Capital A/c
(c) Drawing A/c
(d) Loan A/c
Answer:
(a) Realisation A/c

Question 35.
At the time of dissolution of a firm. Balance of general reserve shown in the Balance sheet is credited to
(a) Realisation A/c
(b) Creditors A/c
(c) Capital A/c
(d) Profit & Loan A/c
Answer:
(c) Capital A/c

Question 36.
Cash balance shown in the Balance Sheet is shown on the dissolution of the firm in
(a) Realisation A/c
(b) Cash A/c
(c) Capital A/c
(d) None of these
Answer:
(b) Cash A/c

Question 37.
On dissolution of a firm. Bank overdraft is transferred to
(a) Cash A/c
(b) Bank A/c
(c) Realisation A/c
(d) Capital A/c
Answer:
(c) Realisation A/c

Question 38.
On dissolution of a firm, Partners Loan A/c is transferred to
(a) Realisation A/c
(b) Capital A/c
(c) Current A/c
(d) None of these
Answer:
(c) Current A/c

Question 39.
Shares may be issued
(a) at par
(b) at premium
(c) at discount
(d) all of these
Answer:
(d) all of these

Question 40.
Equity shareholders are _______ of the company.
(a) Bankers
(b) Creditors
(c) Debtors
(d) Owners
Answer:
(d) Owners

Question 41.
Money received from a dead man’s legacy is called
(a) Legacy
(b) Honorarium
(c) Donation
(d) Subscription
Answer:
(a) Legacy

Question 42.
Payment of honorarium to the secretary is:
(a) Capital expenditure
(b) Revenue expenditure
(c) Cash expenditure
(d) Deferred Revenue Expenditure
Answer:
(b) Revenue expenditure

Question 43.
Interest is to be given a partner to the firm in the absence of partnership deed.
(a) 5%
(b) 6%
(c) 8%
(d) 9%
Answer:
(b) 6%

Question 44.
Interest on capital will be given to the partners in the absence of a partnership agreement
(a) 5%
(b) 6%
(c) 8 %
(d) nome of these
Answer:
(d) nome of these

Question 45.
The current account is:
(a) Personal A/c
(b) Real A/c
(c) Nominal A/c
(d) None of these
Answer:
(a) Personal A/c

Question 46.
Drawings of the partners debited to:
(a) Partners capital A/c
(b) Profit & Loss A/c
(c) P & L appropriate A/c
(d) Revaluation A/c
Answer:
(a) Partners capital A/c

Question 47.
Interest on parter’s capital is to be credited
(a) Profit & Loss A/c
(b) Realisation A/c
(c) Partners Capital A/c
(d) Revaluation A/c
Answer:
(c) Partners Capital A/c

Question 48.
Excess of real profit on general profit is called
(a) Super profit
(b) Definite profit
(c) Abnormal profit
(d) General profit
Answer:
(a) Super profit

Question 49.
A and B are the partners of profit is divided in 3 : 1. They give a \(\frac{1}{4}\) part of profit in future and admitted in. New profit-distribution ratio is:
(a) Explanation/Working
(b) A \frac{81}{16}: B \frac{4}{16}: C \frac{4}{16}
(c) \(A \frac{10}{16}: B \frac{2}{16}: C \frac{4}{16}\)
(d) \(A \frac{8}{16}: B \frac{9}{16}: C \frac{10}{16}\)
Answer:
(a) Explanation/Working

Question 50.
X and Y are partners of profit into 3 : 2. Z become partner for \(\frac{1}{5}\) share Z takes from X \(\frac{3}{20}\) and from Y \(\frac{1}{20}\). Then new profit ratio is:
(a) 9 : 7 : 4
(b) 8 : 8 : 4
(c) 6 : 10 : 4
(d) 10 : 6 : 4
Answer:
(a) 9 : 7 : 4

Non-Objective Type Questions

Short Answer Type Questions

Question No. 1 to 25 are Short answer type questions. Answer any 15 out of them. Each question carries 2 marks. (15 × 2 = 30)

Question 1.
What Journal entry will be recorded for the amount payable to a deceased partner?
Answer:
Profit and Loss of Suspense A/c … Dr.
To deceased partner’s capital A/c
(Being deceased partner’s capital A/c credited with his share in profit)

Question 2.
On dissolution, what entry is passed if a partner takes over an asset of the firm?
Answer:
Partner’s capital A/c …Dr.
To Realisation A/c
(Being assets were taken over by partners.)

Question 3.
State four features of Receipts and Payments Account.
Answer:
Following are the four features of Receipt and Payment Account:

• It is a Real Account
• It records all receipts whether it Revenue or capital in nature in the debit side
• It records all Payments in credit side, whether it is revenue or capital in native
• It doesn’t record any non-cash item. i.e. Depreciation, outstanding etc.

Question 4.
State four features of a partnership.
Answer:
Following are the essential features of a partnership firm:

• Two or More Persons: There must be two or more competent Persons to form a Partnership firm.
• Agreement between the Partners: Partnership is created by an agreement which forms the basis of mutual rights and duties of Partners. This agreement may be either oral or in writing.
• Engagement in legal business: The Partnership should be for carrying on some legal business with the intention of earning profits.
• Sharing of Profit: Profit earned should be divided amongst Partners in the agreed Profit sharing ratio.

Question 5.
Explain three factors affecting goodwill.
Answer:
Some Following Factors affecting the value of goodwill.

• Location: A Favourable location of the business helps to a great extent in attracting customers.
• Nature of Business: The nature of the business also affects the value of goodwill.
• Time: An older business will have more goodwill since it is better known to the customers.
• Risk Involved: The more the risk involves in the business, less the nature of goodwill.

Question 6.
Distinguish between the Average Profit Method and Super Profit Method of calculating goodwill.
Answer:
Distinguishment between Super profit method and Average profit method of calculating goodwill. Super profit method Under this method, super profits constitute the basis of calculation of the value of goodwill. And hence, goodwill is calculated by multiplying the super-profits by a reasonable number of years.
Formula:
Goodwill = Super profit × Agreed on number of year’s purchase.
Where Super profit = Actual average profit – Normal profit.
Average profit method: Under average profit method, goodwill is valued on the basis of the agreed number of years’ because of the average profits of the last few years.
Formula:
Goodwill = Average profit × Number of years purchase.

Question 7.
How will you calculate the amount due to a deceased partner?
Answer:

Question 8.
A, B and C are partners sharing the profit in the ratio of 3 : 2 : 1. They admit D for 1/6 the share. It is agreed that C would retain his original share. Calculate New Ratio.
Answer:

Question 9.
P, Q and R are partners sharing profits in the ratio of 5 : 4 : 3. Q retires and his share was divided equally between P and R. Calculate new profit sharing ratio of P and R.
Answer:
Q’s Share will be divided between P and R equally:

Question 10.
Distinguish between the dissolution of partnership and dissolution of the firm.
Answer:
Difference between the dissolution of partnership and dissolution of firm are as fellow:

• Change in relation: The dissolution of the firm implies a complete break-down of the partnership relationship between all the partners whereas dissolution of the partnership merely involves a change in the relation of the partners.
• Continuance of business: In the case of dissolution of a firm the business comes to an end whereas in case of dissolution of partnership the business of the firm is continued.
• Effect: Dissolution of partnership does not necessarily mean the dissolution of the firm whereas dissolution of the firm necessarily implies the dissolution of a partnership.
• Closure of Books of Accounts: On dissolution of the firm all accounts books are closed whereas in case of dissolution of partnership closure of books is not required.
• Nature: Dissolution of the partner is voluntary whereas dissolution of the firm is voluntary and compulsory.
• Court order: The firm may be dissolved by the order of the court whereas dissolution of the partnership is a process of reconstitution.
• Disposal of Assets and Liabilities: In case of dissolution of partnership assets and liabilities are revalued and new Balance sheet is drawn. But in case of dissolution of a firm, assets are realised and liabilities are paid off.

Question 11.
In what circumstance can a firm be dissolved?
Answer:
Following are the circumstances under which a firm can be dissolved

• Retirement of any of the partner
• Death of any of the partner
• Any of the partners declared as insolvent
• The incapability of any partner
• Completion of the venture
• At the expiry of the term of the partnership.

Question 12.
State the ways of redemption of debentures.
Answer:

• Payment in annual Installment
• Purchase own debenture in the open market

Question 13.
State two objectives of Financial Statements.
Answer:
Two objectives of Financial statements

• Source of Financial Information
• Help in Financial Forecasting
• Information about Earning capacity.

Question 14.
State two limitations of analysis of Financial Statement.
Answer:
Two Limitation of Financial Analysis

• Lack of Preciseness
• The problem of Interpretation.

Question 15.
State two objectives of ratio analysis.
Answer:
Two objectives of ratio analysis

• To measure the profitability of the concern
• To assess the solvency of the business
• Facilitate comparative analysis.

Question 16.
Give two examples of cash flow from operating activity.
Answer:
Two examples

• Cash sale of goods
• Receipt from debtors.

Question 17.
What do you mean by Fixed Charges and Floating Charges?
Answer:
Fixed charges are made on specific assets of a company, on the other hand. Floating charges are made on
General assets of a company.

Question 18.
What is the difference between Reserve and Provision?
Answer:

Question 19.
What is meant by Analysis of Financial Statement?
Answer:
The analysis is the process of critically examining the accounting information given in financial statements. For this purpose of analysis, individual items are studies, their inter-relationship with other related figures is established.
According to Finley and Miller,”Financial analysis consists in separating facts according to some definite plan, arranging them in groups according to certain circumstances and then presenting them in a convenient and easily readable and understandable form.”

Question 20.
What is meant by Comparative Financial Statement?
Answer:
Comparative Financial Statement: Statement showing financial data of Balance Sheet or profit & loss statement for two or more than two years, placed side by side to facilitates comparison is called comparative financial statements. This type of analysis is called horizontal analysis.

Question 21.
Distinguish between preference share and equity share.
Answer:

Question 22.
State any three differences between shareholders and debenture holders.
Answer:

Question 23.
Why is Cash flow statement prepared?
Answer:
Cash Flow Statement is one of the important tools of cash management because it throws light on cash inflows of cash equivalents during a specific period. This statement exhibits the flow of incoming cash. This statement assesses the ability of the enterprise to generate cash and utilise the cash. And so cash flow statement is one of the tools for assessing the liquidity and solvency of the enterprises.

Question 24.
Current Ratio is 2 : 1. Working Capital is Rs. 1,50,000. Calculate the amounts of current assets and current liabilities.
Answer:

Question 25.
What do you mean by the company? State its essential features.
Answer:
A company means a company incorporated or registered under the Companies Act, 2013 or under any other earlier companies Act.

It a voluntary association of persons formed for some common purpose having a capital divided into transferrable shares. It is created by law and effected by law. A company may be defined as an artificial person created by law, having perpetual succession and a common seal.

According to L.H. Haney. “A company is an artificial person created by law having a separate entity with perpetual succession and a common seal. It is a voluntary association of individuals for-profits, having a capital divided into transferrable shares ownership of which is the condition of membership.”

Following are the essential features of the company:

• Association of persons: A company is an association of persons, usually for profit.
• Artificial person: It is an artificial person created by law.
• Separate legal entity: It has a separate legal entity from its members. So it can be sued in its own name. It can own or dispose of the property in its own name.
• Limited liability: It has limited liability. Liability of members is limited to the extent of the face value of shares need by them.
• Perpetual succession: A company being an artificial person never dies. It is a creation of law, so, its existing law. It is not affected by the death of shares held by them.
• Common seal: It has a common seal which acts as the official signature of the company. Any document without the common seal of the company is not binding on the company.
• Transferability of shares: The capital of a company is divided into shares. The shares of a company are transferable except in case of a private company.
• Separate ownership and management: In companies, there is a divorce between ownership and management. It is owned by members (shareholders) but it is managed by the Board of Directors who are elected by shareholders. Members of a company can not directly participate in the management of the business of the company.

Long Answer Type Questions

Question No. 26 to 33 are long answer type questions. Answer any 4 of them. Each question carries 5 marks. (4 × 5 = 20)

Question 26.
Form the following statement of profit and loss of the year ended 31st March 2014, prepare a comparative statement of profit and loss of X Ltd:

Answer:

Question 27.
Receipts and Payments A/c of Maitree Club for the year ended March 31, 2013, shows that the subscriptions received were Rs. 25,000. Additional information is as follows:

Ascertain the amount of income from a subscription for the year 2012-13 and show how relevant items of subscriptions appear in Opening and Closing Balance Sheet.
Answer:
Statement showing Income from a subscription for the year ended 2012-13

Question 28.
A, B and C are equal partners. Their fixed capitals as on 1st April. 2012 were A Rs. 10,000, B Rs. 20,000 and C Rs. 30,000. Profits for the year 2012-13 amounted to Rs. 12,000 which were distributed. Give the necessary Journal entries if the interest on capital was credited @ 10% p.a. instead of 12% p.a.
Answer:

Question 29.
X, Y and Z are partners in a firm in the ratio of 3 : 2 : 1. On 1st April 2013 they decided to share profits in future in the ratio of 7 : 5 : 4. On that date general reserve is Rs. 76,000 and profit on revaluation of assets and liabilities being Rs. 68,000. It was decided that adjustment should be made without altering the figures in the Balance Sheet. Make adjustment by one Single Journal entry.
Answer:

Question 30.
A, B and C are partners sharing profits and losses equally. They dissolved the firm on 30th December 2013 on which date their positions were as under:

All the assets realise less than 10% book value. Creditors were paid in full. Expenses of realisation amounted to Rs. 500. Prepare Realisation account. Partners Capital account and cash or bank account.
Answer:

Question 31.
Rudra Company Ltd. issued 35,000 equity shares of Rs. 10 each at a premium of Rs. 2 payable as follows:
On Application – Rs. 3
On Allotment – Rs. 5
The balance on the first call
Record Journal entreis.
Answer:

Question 32.
Urvashi Ltd. purchased one established business for Rs. 50,000 payable Rs. 15,000 in cash and the balance by Issue of 9% debentures of Rs. 100 at a discount of 10%. Give journal entries in the books of Urvashi Ltd.
Answer:

Question 33.
From the following data, prepare a statement of profits in the comparative form:

Answer:

Bihar Board 12th Accountancy Model Papers

Bihar Board 12th Accountancy Model Question Paper 2 in English Medium

Time : 3 Hours 15 Min
Full Marks: 100

Instructions for the candidates

1. Candidates are required to give their answers in their own words as far as practicable.
2. Figures in the right-hand margin indicate full marks.
3. While answering the questions, the candidate should adhere to the word limit as for as practicable.
4. 15 minutes of extra time has been allotted for the candidate to read the questions carefully.
5. This question paper has two sections: Section – A and Section – B.
6. In Section – A, there are 50 objective type questions which are compulsory, each carrying 1 mark. Darken the circle with black/blue ball pen against the correct option on OMR Sheet provided to you. Do not use Whitener/Liquid/Blade/Nail on OMR Sheet, otherwise, the result will be treated as invalid.
7. In Section – B there are Non-objective type questions. There are 25 Short answer type questions, out of which any 15 questions are to be answered. Each question carries 2 marks. Apart from this, there are 8 Long answer type questions, out of which any 4 of them are to answer. Each question carries 5 marks.
8. Use of any electronic device is prohibited.

Objective Type Questions

Question No. 1 to 50 have four options, out of which only one is correct, you have to mark correct option on the OMR Sheet. (50 × 1 = 50)

Question 1.
Receipts and Payments Account usually indicates:
(a) Surplus
(b) Capital fund
(c) Debit Balance
(d) Credit Balance
Answer:
(c) Debit Balance

Question 2.
Receipts and Payments Account is a:
(a) Personal Account
(b) Real Account
(c) Nominal Account
(d) None of these
Answer:
(b) Real Account

Question 3.
Outstanding subscription is a:
(a) Income
(b) Asset
(c) Both ‘A’ and ‘B’
(d) None of these
Answer:
(b) Asset

Question 4.
Income and Expenses related to the prize fund is shown in:
(a) Income and Expenditure Account
(b) The asset side of the Balance sheet
(c) Liabilities side of the Balance sheet
(d) Cash Account
Answer:
(a) Income and Expenditure Account

Question 5.
Income and Expenditure Account records:
(a) All cash receipts and payments
(b) All credit receipts and payments
(c) All cash and credit receipts and payments
(d) None of these
Answer:
(a) All cash receipts and payments

Question 6.
Which sequence is correct and appropriate?
(a) Cashbook, Receipts & Payment Account, Income & Expenditure Account and Balance sheet.
(b) Receipts and Payments Account, Cash Book, Income and Expenditure Account and Balance sheet
(c) Income and Expenditure Account, Receipts and Payments account, cash book and Balance sheet.
(d) None of these
Answer:
(c) Income and Expenditure Account, Receipts and Payments account, cash book and Balance sheet.

Question 7.
The main aim of the Not-for-Profit organisation is:
(a) To earn profit
(b) To serve society
(c) To earn profit and serve society
(d) All the above
Answer:
(b) To serve society

Question 8.
Payment of Honorarium to Secretary is a:
(a) Revenue Expenditure
(b) Capital Expenditure
(c) Both
(d) None of these
Answer:
(a) Revenue Expenditure

Question 9.
Which of the following statements is correct?
(a) There is no difference between Cash Book and Receipts and Payments Account
(b) Receipts and Payments Account is prepared after Cash Book
(c) Receipts and Payments Account is maintained by Non-trading concern whereas Cash Book is maintained by the Trading concern
(d) Receipts and Payment Account is prepared before Cash Book
Answer:
(c) Receipts and Payments Account is maintained by Non-trading concern whereas Cash Book is maintained by the Trading concern

Question 10.
When the time of withdrawals is not mentioned, interest on drawings is charged:
(a) For 6 1/2 months
(b) For 6 months
(c) For 5 1/2 months
(d) For 12 months
Answer:
(b) For 6 months

Question 11.
Recording of the unrecorded asset on the reconstitution of a partnership firm will be.
(a) Again to the existing partner
(b) A loss to the existing partner
(c) Neither a gain nor a loss to the existing partner
(d) None of these
Answer:
(b) A loss to the existing partner

Question 12.
Current Account is:
(a) Personal Account
(b) Real Account
(c) Nominal Account
(d) None of these
Answer:
(a) Personal Account

Question 13.
In which ratio, the cash brought in for goodwill by the new partner is shard by the existing partners.
(a) Profit-Sharing Ratio
(b) Capital Ratio
(c) Sacrificing Ratio
(d) None of these
Answer:
(c) Sacrificing Ratio

Question 14.
A, B and C are three partners sharing profits and losses in the ratio of 4 : 3 : 2. D is admitted for 1/10th share, the new ratio will be:
(a) 10 : 7 : 7 : 4
(b) 5 : 3 : 2 : 1
(c) 4 : 3 : 2 : 1
(d) None of these
Answer:
(c) 4 : 3 : 2 : 1

Question 15.
The executors will be paid interest on the amount due from the date of death of the partner @
(a) 4%
(b) 5%
(c) 6%
(d) 7%
Answer:
(c) 6%

Question 16.
Realisation Account is a:
(a) Personal Account
(b) Nominal Account
(c) Real Account
(d) None of these
Answer:
(b) Nominal Account

Question 17.
A firm can be voluntarily dissolved by the partners:
(a) On Majority basis
(b) On 3/4 Member’s decision
(c) On 1/2 Member’s decision
(d) None of these
Answer:
(a) On Majority basis

Question 18.
Unrecorded liabilities when paid will be shown in:
(a) The debit side of Realisation Account
(b) Debit side of Bank Account
(c) Credit side of Realisation Account
(d) Credit side of Bank Account
Answer:
(a) The debit side of Realisation Account

Question 19.
Who are the owners of the company?
(a) Equity shareholders
(b) Preference shareholders
(c) Debenture holders
(d) Both A & B
Answer:
(a) Equity shareholders

Question 20.
Forfeiture of shares results in the reduction of:
(a) Paid-up capital
(b) Authorised capital
(c) Fixed Assets
(d) Reserve capital
Answer:
(a) Paid-up capital

Question 21.
Profit on cancellation of own debentures is transferred to:
(a) Profit and Loss Account
(b) Profit and Loss Appropriation Account
(c) General Reserve Account
(d) Capital Reserve Account
Answer:
(d) Capital Reserve Account

Question 22.
Interest on Sinking fund Investment is credited to:
(a) Profit and Loss Account
(b) Sinking fund Account
(c) General Reserve Account
(d) Sinking fund Investment Account
Answer:
(b) Sinking fund Account

Question 23.
Discount on issue of debentures is:
(a) Fixed Asset
(b) Current Asset
(c) Real Asset
(d) Factitious Asset
Answer:
(d) Factitious Asset

Question 24.
In case of issue of debentures as collateral security for a loan from the bank which account will be debited:
(a) Bank Account
(b) Bank Loan Account
(c) Debenture Account
(d) Debentures Suspense Account
Answer:
(c) Debenture Account

Question 25.
According to SEBI guidelines, a company will have to create debenture redemption reserve equivalent to the amount of the following percentage of debenture issued:
(a) 40%
(b) 50%
(c) 70%
(d) 100%
Answer:
(b) 50%

Question 26.
As per the provisions of Companies Act, 2013 under which section, the final Accounts of a company is prepared:
(a) 128
(b) 210
(c) 129
(d) 212
Answer:
(b) 210

Question 27.
Out of the following which parties are interested in financial statement?
(a) Managers
(b) Financial Institutions
(c) Creditors
(d) All of these
Answer:
(d) All of these

Question 28.
Debt-Equity Ratio is:
(a) Liquidity ratio
(b) Activity Ratio
(c) Solvency Ratio
(d) Operating ratio
Answer:
(c) Solvency Ratio

Question 29.
When the opening stock is 50,000 Rs closing stock 60,000 Rs and cost of goods sold is 2,20,000 Rs then stock Turnover Ratio is:
(a) 2 times
(b) 3 times
(c) 4 times
(d) 5 times
Answer:
(c) 4 times

Question 30.
Cash flow statement is related to:
(a) AS – 3
(b) AS – 6
(c) AS – 09
(d) AS – 12
Answer:
(a) AS – 3

Question 31.
Which of the following activity comes under Financial Activities?
(a) Receipts from the issuance of Equity shares
(b) Cash sales
(c) Bank overdraft
(d) Purchase of Debentures
Answer:
(a) Receipts from the issuance of Equity shares

Question 32.
Which of the following item is not considered as cash equivalents?
(a) Bank overdraft
(b) Commercial paper
(c) Treasury Bills
(d) Investment
Answer:
(d) Investment

Question 33.
Cash from operating activities will decrease due to:
(a) Increase in current Assets
(b) The decrease in current liabilities
(c) Neither of the two
(c) Both (a) and (b)
Answer:
(b) The decrease in current liabilities

Question 34.
The term Quick assets do not include:
(a) Stock
(b) Debtors
(c) B/R
(d) Cash and Bank Balance
Answer:
(a) Stock

Question 35.
Dividends are usually paid on:
(a) Authorised capital
(b) Issued capital
(c) Called up capital
(d) Paid-up capital
Answer:
(d) Paid-up capital

Question 36.
The nominal capital is known as:
(a) Authorised Capital
(b) Registered Capital
(c) Both (a) and (b)
(d) None of these
Answer:
(c) Both (a) and (b)

Question 37.
When a partner takes responsibility to make the payment of any outside liability of a firm, the account credited will be:
(a) Realisation account
(b) Cash Account
(c) partner’s capital Account
(d) None of these
Answer:
(c) partner’s capital Account

Question 38.
Cash balance shown in the Balance sheet is shown on the dissolution of the firm in:
(a) Realisation Account
(b) Cash Account
(c) Capital Account
(d) Profit and Loss Account
Answer:
(b) Cash Account

Question 39.
‘x’ and ‘y’ share profit in the ratio of 3 : 2. ‘z’ was admitted as a partner who gets 1/5 share, z acquires 3/20 share from ‘x’ and 1/20 from y. The new profit sharing ratio will be:
(a) 9 : 7 : 4
(b) 8 : 8 : 4
(c) 6 : 10 : 4
(d) 10 : 6 : 4
Answer:
(a) 9 : 7 : 4

Question 40.
partner’s current Account is prepared when the capital of partners is maintained under:
(a) Fluctuating basis
(b) Fixed basis
(c) In both of the situations
(d) None of these
Answer:
(a) Fluctuating basis

Question 41.
The amount received from the issue of debentures is:
(a) Capital receipts
(b) Revenue Receipts
(c) Capital and Revenue Receipt
(d) Neither capital nor revenue
Answer:
(a) Capital receipts

Question 42.
The Ideal Quick Ratio is:
(a) 2 : 1
(b) 1 : 1
(c) 0.5 : 1
(d) None of these
Answer:
(b) 1 : 1

Question 43.
Goodwill is:
(a) Fixed Assets
(b) Intangible Assets
(c) Fictitious Asset
(d) Both (a) & (b)
Answer:
(b) Intangible Assets

Question 44.
Provision for Taxation is:
(a) Current liability
(b) Interval Reserve
(c) Both (a) & (b)
(d) None of these
Answer:
(a) Current liability

Question 45.
Interest payable on debentures is:
(a) A charge against profit
(b) Appropriation of profit
(c) Both (a) & (b)
(d) None of these
Answer:
(a) A charge against profit

Question 46.
The formula of sacrificing ratio is:
(a) New Ratio-old Ratio
(b) Old Ratio-New Ratio
(c) Old Ratio-gaining Ratio
(d) None of these
Answer:
(b) Old Ratio-New Ratio

Question 47.
Subscription received in Advance is:
(a) Asset
(b) Liability
(c) Income
(d) None of these
Answer:
(b) Liability

Question 48.
Right shares are the shares which:
(a) Are issued to directors of the company
(b) Are issued to existing shareholders of the company
(c) Are issued to promoters in consideration of their services
(d) Are issued to vendors for purchasing assets
Answer:
(c) Are issued to promoters in consideration of their services

Question 49.
When the current ratio is 2 : 5 and the amount of current liabilities is 25000 Rs, what is the amount of current assets?
(a) ₹ 62,500
(b) ₹ 12,500
(c) ₹ 10,000
(d) None of these
Answer:
(b) ₹ 12,500

Question 50.
Which one of the following is a non-cash item?
(a) Depreciation
(b) Goodwill wrote off
(c) Both (a) & (b)
(d) None of these
Answer:
(a) Depreciation

Non-Objective Type Questions

Short Answer Type Questions

Question No. 1 to 25 are Short answer type questions. Answer any 15 out of them. Each question carries 2 marks. (15 × 3 = 30)

Question 1.
What is Income and Expenditure Account?
Answer:
Income and expenditure Account is a Nominal Account. It is a summary of incomes and expenses for a
particular accounting period.lt is like a profit and loss account of a business concern. Thus, an income and expenditure Account is a revenue account of a non-profit organisation. It serves the same purpose as the profit and loss Account in trading concerns.

Question 2.
What are the Current Assets?
Answer:
Current assets is a balance sheet account that represents the value of all assets that can reasonably expect to be converted into cash within one year. Current assets include cash and cash equivalents, accounts receivable, inventory, prepaid, marketable securities etc.

Question 3.
Define the Sinking fund.
Answer:
A sinking fund is a means of repaying funds borrowed through a bond issue through periodic payments to a trustee who retires part of the issue by purchasing the bonds in the open market. Rather than the issuer repaying the entire principal of a bond issue on the maturity date, another company buy back a portion of the issue annually and usually at fixed par value or at the current market value of the bonds whichever is less.

Question 4.
Distinguish between the Current Ratio and Quick Ratio.
Answer:
The main difference between the current ratio and the quick ratio is that the letter offers a more conservative view of the company’s ability to meets its short-term liabilities with its short-term assets because it does not include inventory and other current assets that are more difficult to liquidate. By excluding inventory the quick ratio focuses on the company’s more liquid assets.

Question 5.
Explain four characteristics of a Partnership firm.
Answer:
Following are the feature of a partnership firm:

• Two or more persons
• Agreement
• Profit-sharing
• Mutual agency.

Question 6.
What is Super Profit?
Answer:
Super profit is the excess of average profits over normal profits. Under this method, goodwill is calculated on the basis of super-profits.

Question 7.
What is a Financial Statement?
Answer:
The end product of financial accounting is financial statements. Financial statements are organised summaries of detailed information about the financial position and performance of enterprises for a particular period. Financial statements are also called financial report. The term ‘Financial statement’ normally refers to two basic statements, namely.

• Balance sheet
• Statement of profit loss.

Question 8.
What is Cash Flow Statement?
Answer:
Meaning of Cash Flow Statement: A statement of changes in financial position on a cash basis is commonly known as the cash flow statement. It shows the changes in cash position from one accounting period to another. In other words, the cash flow statement summarises the causes of changes in cash and cash equivalents position between dates of two Balance Sheets. It indicates the sources and uses of cash. This statement attempts to analyse the transactions of the firm in terms of cash. Thus, a Cash Flow Statement can be defined as a statement which summarises sources of cash inflows and uses of cash outflows of the firm during a particular period of time, says, a month or a year.

Question 9.
Distinguish between Realisation Account and Revaluation Account.
Answer:
Revaluation Account is prepared only when there is any change in the value of asset and liabilities of the partnership firm at the time of admission, retirement, and death of a partner. On the other hand, Realisation Account is opened when the firm goes into liquidation, so as to close the books of account and also to compute the effect (profit or loss) arising due to the realisation of assets and settlement of liabilities.

Question 10.
What is over-subscription of shares?
Answer:
When the number of shares applied for is more than the number of shares offered to the public the issue as said to be over-subscribed. However, a company cannot allot shares more than those offered for subscription.

Question 11.
Distinguish between Gaining Ratio and Sacrificing Ratio.
Answer:
Difference between sacrificing Ratio and Gaining ratio
Sacrificing Ratio:

• It is the ratio in which the old partners surrender their share of profit in favour of the new partner.
• It is calculated at the time of admission of a new partner.
• The purpose of calculating sacrificing ratio is to calculate the share of goodwill payable to old partners at the time of admission of a partner.
• Old Partner’s Capita! Account increase with the amount received as goodwill. New partner losses.
• It is calculated by deducting the new ratio from the old ratio.
• New Partner’s Capital A/c Dr. To Old Partner’s Capital A/c (In sacrificing ratio)

Gaining Ratio:

• It is the ratio in which the remaining partners share the retiring partner’s share of profit.
• It is calculated at the time of retirement or death of a partner.
• The purpose of calculating gaining ratio is to calculate the share of goodwill payable to the retiring partner by each of the remaining partners.
• Retiring partner gains and the remaining partners capital reduces, so they lose.
• It is calculated by deducting the old ratio from the new ratio.
• Remaining Partner’s Capital A/cs Dr. To Retiring Partner’s Capital A/c.

Question 12.
What is the forfeiture of shares?
Answer:
The term ‘forfeit’ means taking away of a thing or property on breach of a condition or default. A shareholder is liable to pay all the calls made by the company within the stipulated time. If a shareholder fails to pay allotment money and/or call money due on the shares held by him the company has right to forfeit such shares. But the company will have to follow the procedures specified in its Articles of Association. To forfeit a share means to cancel the allotment of defaulting shareholders.

Question 13.
Define Prospectus.
Answer:
The prospectus is the basis of the agreement between the company and the shareholders who take the shares on the strength of the prospectus. If they have been misleading by any statement in or omission of a material fact from the prospectus, they may

• hold the directors responsible for the loss that he may have suffered and.
• rescind the contract for taking the shares.

Question 14.
Distinguish between Revenue profit and Capital profit.
Answer:
Following are the main difference between capital profit and revenue profit.
Mode of Earning: Capital profit is earned by selling of assets, shares and debentures at a price more than their book value and face value. Revenue profit is earned in the ordinary course of business.

Distribution: Capital profit is not available for the distribution to shareholders as a dividend. Revenue profit is available for the distribution to shareholders a dividend.

Use: Capital profit is transferred to capital reserve and used for meeting capital losses. Revenue profit is used to distribute dividend and create reserve and fund for various purpose.

Treatment: Capital profit is shown on the liabilities side of the balance sheet. Revenue profit is shown as a debit balance on the debit side of the trading and profit & loss accounts and asset side of the balance sheet as an accumulated loss.

Question 15.
What is Financial Analysis?
Answer:
The financial analysis consists in separating facts according to some definite plan arranging them in groups according to certain circumstances and then presenting them in a convenient and easily readable and understandable form.

Question 16.
Distinguish between Cash Book and Receipts and Payments Account.
Answer:
Difference between Receipts and Payment Account and Cash Book.

Question 17.
What is an unlimited liability?
Answer:
The indefinite extent of liability to pay a firms debts or obligations, extending beyond the investments of the firm’s owner partners of shareholders to their personal assets. This extent of liability is assumed in an unlimited liability.

Question 18.
Distinguish between charge against profit and Appropriation of profit.
Answer:
Difference between Appropriation of profit and charge against profit.

Question 19.
Distinguish between Fixed capital and Fluctuating capital.
Answer:
Distinguish between Fixed Capital and Fluctuating Capital.

Question 20.
Write four items relating to Not-for-Proft organisation.
Answer:
Following are four items relating to Non-for-Profit organisations.

• Not-for-profit organisations are established for the welfare and service of society and their members.
• They promote art, culture, religion, education sports etc.
• They do not operate with the objective of earning profit.
• These organisations are set-up as charitable societies, trust or club etc.

Question 21.
Distinguish between ‘Charge against profit’ & ‘Appropriation out of profit.’
Answer:
Distinguish between “charge against profit” and Appropriation out of profit as discussed below.

Question 22.
Why the valuation of goodwill is required? Give a minimum of three reasons.
Answer:
The need for valuation of goodwill as discussed below:

• If any partner is admitted
• If any partner retires from the firm
• If any partner dies
• If any firm is sold
• If a firm is converted into a Company.

Question 23.
A, B and C are partners sharing profits in the ratio of \(\frac{1}{2}: \frac{1}{3}: \frac{1}{6}\). Find out new profit sharing ratio if B retires.
Answer:
Old ratio of A, B and C = \(\frac{1}{2}: \frac{1}{3}: \frac{1}{6}\) or, \(\frac{3}{6}: \frac{2}{6}: \frac{1}{6}\) = 3 : 2 : 1
B. Retires, New Radio = 3 : 1

Question 24.
Under which circumstances, a partnership firm is deemed to be dissolved?
Answer:
Under the following circumstances, a partnership firm is deemed to be dissolved

• Retirement of any of the partner
• Death of my partner
• Any of partner declared as insolvent
• In capability of any partner
• completion of the ventures
• At the expiry of the term of the partnership.

Question 25.
A, B and C were partners sharing profits in the ratio of \(\frac{2}{6}, \frac{1}{2}\) and \(\frac{1}{6}\). A retires and surrenders \(\frac{2}{3}\)rd of his share in favour of B and remaining in favour of C. Calculate new ratio and gaining ratio.
Answer:
A’s share (2/6) will be divided between B and C in the ratio of \(\frac{2}{3}: \frac{1}{3}\)
B’s gain = \(\frac{2}{3}\) of \(\frac{2}{6}: \frac{4}{18}\);
C’s gain = \(\frac{1}{3}\) of \(\frac{2}{6}=\frac{2}{18}\)
New share = old share + gaining share
B’s new share = \(\frac{1}{2}+\frac{4}{18}=\frac{9+4}{18}=\frac{13}{18}\)
C’s new share = \(\frac{1}{6}+\frac{2}{18}=\frac{3+2}{18}=\frac{5}{18}\)
New ratio of B and C = \(\frac{13}{18}: \frac{5}{18}\) or 13 : 5

Long Answer Type Questions

Question no. 26 to 33 are Long answer type questions. Answer any 4 of them. Each question carries 5 marks. (4 × 5 = 20)

Question 26.
From the following information, calculate goodwill by (i) Capitalization method and (ii) at 3 years purchase of super-profits:
(i) Total Assets ₹ 10,00,000
(ii) External liabilities ₹ 1,80,000
(iii) Normal Rate of Return 10%
(iv) Average Net Profit of the last five years ₹ 1,00,000
Answer:
Calculation of Goodwill by using capitalization method.

10,00,000 – 820,000
Goodwill = 120,000
Net Assets = Total Assets – Liabilities = 10,00,000 – 180,000 = 820,000
Calculation of Goodwill by using super profit methods.

Super profit = 100,000 – 82,000 = 18,000
Goodwill = 180,000

Question 27.
An Ltd. company issued 5000 shares of ₹ 100 each at a premium of ₹ 5 per share payable as ₹ 20 on Application, ₹ 35 on the allotment (including premium), ₹ 30 on the first call and the balance on the second call. All the amounts were duly received except the first call money on 500 shares and the final call money on 700 shares. These shares have been forfeited and re-issued at ₹ 80 per share. Give Journal entries to record the above transactions.
Answer:

Question 28.
What is Cash Flow statement? How is it prepared?
Answer:
Meaning of cash flow statement: cash flow statement can be defined on a statement which summarises sources of cash inflows and outflows of cash and cash equivalent of the firm from various business activities during a given period. Thus, this statement exhibits the flow of incoming and outgoing cash.

Calculation of Cash Flows from Operating Activities: Almost all the companies prepare its Income Statement on the accrual basis of accounting under which revenues are recorded when earned and expenses are recorded when incurred. Because of this, net profit, as shown by Income Statement will not be equal to cash generated by operating activities. Hence, there is a need to calculate cash flows from operating activities. AS-3 (Revised) suggests two methods of reporting cash flows from operating activities:
(1) Direct Method, and (2) Indirect Method.

1. Direct Method: Under the direct method, major classes of gross cash receipts and gross cash payments are considered. Under this method, cash receipts from operating activities, i.e., cash received from the sale of goods and rendering services, cash collected from customers and cash received from trading commission and royalties and cash payments for operating activities such as payment to creditors for goods and services, employees for their services etc. are disclosed. The difference between cash receipts and cash payments is the net cash flow from operating activities. A cash flow statement based on the direct method is a Profit & Loss Account on a cash basis.

2. Indirect Method: Under this method, net profit or loss is adjusted for the effects of transactions of noncash nature and non-operating nature and changes in current assets and liabilities.

Question 29.
Calculate current Assets of a company from the following information:
Stock Turnover Ratio = 4 times
Stock at the end is ₹ 20,000 more than stock in the beginning.
Sales ₹ 300,000 and Gross Profit Ratio is 20% of sales.
Current liabilities = ₹ 40,000
Quick Ratio = 0.75
Answer:
Sales 300,000, G.P Ratio = 20%;
Cost of Goods sold = Sales – G.P.;
GP = \(=300,000 \frac{\times 20}{100}=60,000\)
300000 – 60000 = 240000
Stock Turnover Ratio = \($\frac{\text { cost of Goodwill }}{\text { Aug.Stock }}$\)
4 = 240000/Aug.stock
Aug. Stock = 240,000/4 = 60,000
Let op. stock = x
So, cl. stock = x + 20,000
Avg. Stock = \(=\frac{x+x+20,000}{2}\) = 60,000
x + 10,000 = 60,000
x = 60,000 – 10,000 = 50,000
op. Stock = 50,000
Quick Ratio = Liquid Assets/CL. Liabilities
0. 75 = L. A/400,000
L. A. = 30,000
Current Assets = L.A + C.L. Stock = 30,000 + 70,000
C.A = 10,000

Question 30.
From the following particulars, Calculate Cash Flow from Investing Activities.
Investment at the beginning of the Period: 5,80,000
Investment at the end of the Period: 3,40,000
During the year the company had sold 50% of its investment held in the beginning of the period at a profit of ₹ 90,000
Answer:

Question 31.
Pass Journal entries when shares are issued at a premium.
Answer:
Journal entries where shares are issued at a premium.
I. When share premium is payable with application money.
(i) At the time of receipt of application money.
Bank A/c — Dr.
To share Application A/c
(ii) At the time of transfer of Application Money:
Share Application A/c
To share Capital A/c
To securities premium A/c

II. When the premium is payable on Allotment.
(i) Share Allotment A/c — Dr.
To share Capital A/c
To securities Premium A/c
(ii) On receipt of Allotment Money.
Bank A/c — Dr.
To share Allotment A/c

III. When the premium is payable with share call money.
(i) Share Call A/c — Dr.
To share Capital A/c
To securities Premium A/c
(ii) When call money is received.
Bank A/c — Dr.
To share call A/c

Question 32.
From the following comparative balance sheet prepare cash flow statement as on 31st December 2016.

Depreciation charged on machinery Rs. 5,000
Answer:
Calculation of cash flow statement from operating Activities.

Question 33.
Prepare an imaginary proforma of the cash flow statement.
Answer:
Imaginary proforma of cash flow statement

Bihar Board 10th Science Objective Questions and Answers

Bihar Board 10th Science VVI Objective Questions Model Set 4 in Hindi

प्रश्न 1.
दाँतों को साफ करने के लिए दंत-मंजन प्रायः होता है
(a) क्षारीय
(b) अम्लीय
(c) लवणयुक्त
(d) इनमें से कोई नहीं
उत्तर:
(a) क्षारीय

प्रश्न 2.
क्लोरीन के परमाणु की बाह्यतम कक्षा में इलेक्ट्रॉनों की संख्या कितनी होती है?
(a) 5
(b) 6
(c) 7
(d) 8
उत्तर:
(c) 7

प्रश्न 3.
सुरंगम किस राज्य की जल संग्रहण व्यवस्था है?
(a) हिमाचल प्रदेश
(b) तमिलनाडु
(c) केरल
(d) कर्नाटक
उत्तर:
(c) केरल

प्रश्न 4.
वायुमंडल में प्रकाश का कौन-सा रंग (वर्ण) अधिक प्रकीर्णन करता है?
(a) लाल
(b) नीला
(c) पीला
(d) नारंगी
उत्तर:
(b) नीला

प्रश्न 5.
विद्युत आवेश का SI मात्रक क्या है?
(a) वोल्ट
(b) ओम
(c) ऐम्पियर
(d) कूलॉम
उत्तर:
(d) कूलॉम

प्रश्न 6.
सामान्य अनुशिथिलन रक्त दाब होता है
(a) 80 mm
(b) 100 mm
(c) 120 mm
(d) 130 mm
उत्तर:
(a) 80 mm

प्रश्न 7.
इनमें से कौन पादप हॉर्मोन है?
(a) इंसुलिन
(b) थाइरॉक्सिन
(c) एस्ट्रोजन
(d) साइटोकाइनिन
उत्तर:
(d) साइटोकाइनिन

प्रश्न 8.
चालक का प्रतिरोध निर्भर नहीं करता है
(a) चालक की लम्बाई पर
(b) चालक के अनुप्रस्थ काट क्षेत्रफल पर
(c) चालक के तापमान पर
(d) चालक में प्रवाहित विद्युत धारा पर
उत्तर:
(d) चालक में प्रवाहित विद्युत धारा पर

प्रश्न 9.
धोबिया सोडा का रासायनिक सूत्र है
(a) NaHCO₃
(b) Na₂CO₃ . 10H₂O
(c) Ca(OH)₂
(d) इनमें से कोई नहीं
उत्तर:
(b) Na₂CO₃ . 10H₂O

प्रश्न 10.
रुधिर का कौन-सा अवयव रक्त स्राव को रोकने में मदद करता है?
(a) लसिका
(b) प्लाज्मा
(c) प्लेटलेट्स
(d) इनमें से कोई नहीं
उत्तर:
(c) प्लेटलेट्स

प्रश्न 11.
निम्न में से कौन-सा जीवाणु-जनित रोग नहीं है?
(a) गोनोरिया
(b) सिफलिस
(c) मस्सा
(d) इनमें से सभी
उत्तर:
(c) मस्सा

प्रश्न 12.
निम्न में से कौन-सा पर्यावरण अनुकूलन नहीं है?
(a) पैदल चलना
(b) साइकिल से चलना
(c) मोटर साइकिल से चलना
(d) इनमें से कोई नहीं
उत्तर:
(c) मोटर साइकिल से चलना

प्रश्न 13.
निम्न में से किस धातु का गलनांक सबसे कम है?
(a) Al
(b) Na
(c) Cu
(d) Fe
उत्तर:
(b) Na

प्रश्न 14.
निम्न में से किस दर्पण की फोकस दूरी धनात्मक होती है?
(a) समतल दर्पण
(b) उत्तल लेंस
(c) अवतल दर्पण
(d) इनमें से सभी
उत्तर:
(b) उत्तल लेंस

प्रश्न 15.
निम्न में से कौन-सा उपधातु है?
(a) Zn
(b) Ca
(c) Ge
(d) C
उत्तर:
(c) Ge

प्रश्न 16.
कौन-सा अधातु कमरे के तापमान पर तरल अवस्था में पाया जाता
(a) मरकरी (पारा)
(b) ब्रोमीन
(c) सल्फर
(d) सोडियम
उत्तर:
(b) ब्रोमीन

प्रश्न 17.
निम्न में से कौन-सा स्वच्छ ऊर्जा स्रोत है?
(a) कोयला
(b) लकड़ी
(c) प्राकृतिक गैस
(d) इनमें से सभी
उत्तर:
(c) प्राकृतिक गैस

प्रश्न 18.
स्वपोषी पोषण के लिए आवयक है
(a) पर्णहरित
(b) सूर्य का प्रकाश
(c) कार्बन डाइऑक्साइड
(d) इनमें से सभी
उत्तर:
(d) इनमें से सभी

प्रश्न 19.
निम्न में से कौन-सा संबंध सत्य है?
(a) V = \(\frac{1}{R}\)
(b) V = \(\frac{R}{I}\)
(c) V = IR
(d) V = IR²
उत्तर:
(c) V = IR

प्रश्न 20.
निम्न में से कौन एकलिंगी पुष्प है?
(a) गुड़हल पुष्प
(b) सरसों पुष्प
(c) पपीता पुष्प
(d) गुलाब पुष्प
उत्तर:
(c) पपीता पुष्प

प्रश्न 21.
निम्न में से कौन एक उभयलिंगी जन्तु है?
(a) केंचुआ
(b) कुत्ता
(c) बिल्ली
(d) बकरी
उत्तर:
(a) केंचुआ

प्रश्न 22.
पादपों में पाया जाने वाला वृद्धि हॉर्मोन निम्न में से कौन-सा है?
(a) जिब्बरेलिन
(b) एड्रीनेलिन
(c) इंसुलिन
(d) थाइरॉक्सिन
उत्तर:
(a) जिब्बरेलिन

प्रश्न 23.
कौन-सा हाइड्रोकार्बन सबसे सरल यौगिक है?
(a) मिथेन
(b) इथेन
(c) प्रोपेन
(d) ब्यूटेन
उत्तर:
(a) मिथेन

प्रश्न 24.
संगमरमर का रासायनिक सूत्र क्या है?
(a) CaO
(b) Ca(OH)₂
(c) CaCO₃
(d) इनमें से कोई नहीं
उत्तर:
(c) CaCO₃

प्रश्न 25.
किसी अंतरिक्ष यात्री को आकाश कैसा प्रतीत होता है?
(a) काला
(b) नीला
(c) लाल
(d) इनमें से कोई नहीं
उत्तर:
(a) काला

प्रश्न 26.
मेरुरज्जू निकलता है
(a) प्रमस्तिष्क से
(b) अनुमस्तिष्क से
(c) पॉन्स से
(d) मेडुला से
उत्तर:
(a) प्रमस्तिष्क से

प्रश्न 27.
अतिभारण के समय विद्युत परिपथ में विद्युत धारा का मान
(a) बहुत कम हो जाता है
(b) परिवर्तित नहीं होता है
(c) बहुत अधिक बढ़ जाता है
(d) इनमें से कोई नहीं
उत्तर:
(b) परिवर्तित नहीं होता है

प्रश्न 28.
किसी कोश में इलेक्ट्रॉनों की अधिकतम संख्या होती है
(a) n²
(b) 2n²
(c) 3n²
(d) 4n²
उत्तर:
(b) 2n²

प्रश्न 29.
ओजोन परत किस हानिकारक विकिरण से पृथ्वी को सुरक्षा प्रदान करती है?
(a) अवरक्त विकिरण
(b) तापीय विकिरण
(c) पराबैंगनी विकिरण
(d) इनमें से सभी
उत्तर:
(c) पराबैंगनी विकिरण

प्रश्न 30.
ऑक्सीजन के दो परमाणुओं के बीच कितने आबंध बनते हैं?
(a) एक आबंध
(b) द्वि-आबंध
(c) त्रि-आबंध
(d) इनमें से कोई नहीं
उत्तर:
(b) द्वि-आबंध

प्रश्न 31.
हमारा शरीर किस pH परास के बीच कार्य करता है?
(a) 4.0 से 4.8
(b) 5.0 से 5.8
(c) 6.0 से 6.8
(d) 7.0 से 7.8
उत्तर:
(d) 7.0 से 7.8

प्रश्न 32.
नेत्र में प्रवेश करने वाली प्रकाश किरणों का अधिकांश अपवर्तन कहाँ होता है?
(a) कॉर्निया के बाहरी पृष्ठ पर
(b) अभिनेत्र लेंस पर
(c) नेत्रोद में
(d) दृष्टि पटल पर
उत्तर:
(a) कॉर्निया के बाहरी पृष्ठ पर

प्रश्न 33.
विभक्त वलय का उपयोग किस उपकरण में किया जाता है?
(a) विद्युत मोटर
(b) विद्युत जनित्र
(c) एमीटर
(d) गैलवेनोमीटर
उत्तर:
(a) विद्युत मोटर

प्रश्न 34.
कौन-सा परंपरागत ऊर्जा स्रोत है?
(a) जैव मात्रा (बायो-मास)
(b) नाभिकीय ऊर्जा स्रोत
(c) भूतापीय ऊर्जा स्रोत
(d) इनमें से कोई नहीं
उत्तर:
(a) जैव मात्रा (बायो-मास)

प्रश्न 35.
रासायनिक अभिक्रिया के दौरान किसी पदार्थ में ऑक्सीजन का योग कहलाता है?
(a) अपचयन
(b) उपचयन
(c) संक्षारण
(d) इनमें से कोई नहीं
उत्तर:
(b) उपचयन

प्रश्न 36.
निम्न में से कौन बौने पौधे को दर्शाता है?
(a) Tt
(b) tT
(c) tt
(d) TT
उत्तर:
(c) tt

प्रश्न 37.
निम्न में से किस माध्यम में प्रकाश की चाल अधिकतम है?
(a) हवा
(b) जल
(c) शीशा
(d) हीरा
उत्तर:
(a) हवा

प्रश्न 38.
किसी लेंस द्वारा उत्पन्न आवर्धन का SI मात्रक क्या है?
(a) मी.
(b) सेमी.
(c) मिमी.
(d) मात्रक विहीन
उत्तर:
(d) मात्रक विहीन

प्रश्न 39.
ऐल्केन (Alkanes) का सामान्य सूत्र है
(a) C_nH_2n+2
(b) C_nH_2n
(c) C_nH_2n-1
(d) C_nH_2n-2
उत्तर:
(a) C_nH_2n+2

प्रश्न 40.
जैव विविधता का विशिष्ट स्थल है
(a) फसल क्षेत्र
(b) नदी तट
(c) समुद्र तट
(d) वन
उत्तर:
(d) वन