Question : Murari and Vohra of Chandigarh were partners in a firm with capitals of Rs. 1,20,000 and Rs. 1,60,000 respectively. On 1.4.2018 they admitted their manager, Robin Gurung of Meghalaya, as a partner for one-fourth share in profits on his payment of Rs.2,00,000 as his capital and Rs. 90,000 for his one-fourth share of goodwill.

On that date, the creditors of Murari and Vohra were Rs. 60,000 and Bank overdraft was Rs. 15,000. Their assets apart from cash included Stock Rs. 10,000 ; Debtors Rs.40,000; Plant and Machinery Rs.80,000; Land and Building Rs.2,00,000. It was agreed that stock should be depreciated by Rs.2,000; Plant and Machinery by 20%, Rs. 5,000 should be written off as bad debts and Land and Building should be appreciated by 25%.

Question:
Total assets side of new firm balance sheet is

Option 1: Rs 6,55,000

Option 2: Rs 6,57,000

Option 3: Rs 6,60,000

Option 4: Rs 6,00,000

Question : Comprehension:

In the following passage, some words have been deleted. Read the passage carefully and select the most appropriate option to fill in each blank.

Ambition is a vital ingredient for success. Without ambition to push us, we will not be (1)_____of great achievements. We all need that special something (2)_____ourselves to give us the willpower to reach a higher goal (3)_____we imagine ourselves capable (4)_____Yet, ambition, (5)_____money and fire, is a good servant, but a bad master.

Select the most appropriate option to fill in the blank number 4.

Option 1: about

Option 2: off

Option 3: of

Option 4: on

Question : Find the part of the given sentence that has an error in it. If there is no error, choose ‘No error’.
Give yourself a chance to be distracted of bad news.

Option 1: chance to be distracted

Option 2: Give yourself a

Option 3: No error

Option 4: of bad news

Question : Comprehension:

Read the following passage and answer the questions.

All foodstuffs change. Green fruits become ripe and eggs go bad or rotten. It is the enzymes naturally present in each food which bring about the complex chemical changes that lead first to ripening and then to rotting.

How does one control the activity of enzymes, bacteria, yeasts and moulds in food? All of them require air, moisture and a certain temperature, usually somewhere near the body temperature, to be active. Depriving them of one or more of these will suppress them. All microorganisms can be killed by heat sterilisation. This simply means heating the food to high enough temperatures by boiling, deep or shallow frying, roasting, baking and, for milk particularly, pasteurisation. After such sterilisation, if the food is sealed in airtight containers, it can be kept for a long time. A certain water content in food is necessary for microorganisms to be active. Drying in the sun is a simple way of bringing down the moisture level so low that the enzymes and microorganisms cannot flourish.

Some chemicals can suppress undesirable activity. The addition of salt, vinegar, spices and oil or sugar syrup are other ways of preventing foods from going bad. If heating kills, freezing inactivates the enzymes and microorganisms. This is what happens in a refrigerator, in which fruits, vegetables and milk can be kept for fairly long periods. For meat and fish, even colder temperatures, below freezing point, are necessary for preservation. All foods which are kept cold in this way, once taken out and returned to room temperature, are again subject to spoilage and change.

Question:
Which of these is NOT required for the growth of bacteria?

Option 1: Air

Option 2: Optimum temperature

Option 3: Chemicals

Option 4: Moisture

Question : Comprehension:

Read the following passage and answer the questions.

All foodstuffs change. Green fruits become ripe and eggs go bad or rotten. It is the enzymes naturally present in each food which bring about the complex chemical changes that lead first to ripening and then to rotting.

How does one control the activity of enzymes, bacteria, yeasts and moulds in food? All of them require air, moisture and a certain temperature, usually somewhere near the body temperature, to be active. Depriving them of one or more of these will suppress them. All microorganisms can be killed by heat sterilisation. This simply means heating the food to high enough temperatures by boiling, deep or shallow frying, roasting, baking and, for milk particularly, pasteurisation. After such sterilisation, if the food is sealed in airtight containers, it can be kept for a long time. A certain water content in food is necessary for microorganisms to be active. Drying in the sun is a simple way of bringing down the moisture level so low that the enzymes and microorganisms cannot flourish.

Some chemicals can suppress undesirable activity. The addition of salt, vinegar, spices and oil or sugar syrup are other ways of preventing foods from going bad. If heating kills, freezing inactivates the enzymes and microorganisms. This is what happens in a refrigerator, in which fruits, vegetables and milk can be kept for fairly long periods. For meat and fish, even colder temperatures, below freezing point, are necessary for preservation. All foods which are kept cold in this way, once taken out and returned to room temperature, are again subject to spoilage and change.

Question:
The main theme of the passage is:

Option 1: Chemicals in foodstuff

Option 2: Ripening of fruit

Option 3: Production of micro-organisms

Option 4: Preservation of food

Question : In the Balance Sheet, Debtors exist at Rs. 1,00,000 and Provision for Doubtful Debts at Rs. 3000. How much amount will be realised from Debtors, if bad debts are Rs. 20,000 and remaining debtors are realised at a discount of 10%.

Option 1: Rs 76,000

Option 2: Rs 72,000

Option 3: Rs 36,575

Option 4: Rs 79,000

Question : Select the most appropriate meaning of the given idiom.

Blessing in disguise.

Option 1: Bad thing that turns out to be good.

Option 2: A good thing introduced into your life as a blessing.

Option 3: A good deed rewards as a blessing.

Option 4: Something that happens very rarely.

Question : On dissolution of a firm, debtors Rs 34,000 were shown in the Balance Sheet. Out of this Rs 4000 became bad. One debtor became insolvent. 70% were recovered from him out of 10,000. The full amount was recovered from the balance debtors. On account of this item, the loss in realisation account will be:

Option 1: 5,100

Option 2: 7,000

Option 3: 3,500

Option 4: 2,000

Question : In the Balance Sheet, Debtors exist at Rs. 1,00,000 and Provision for Doubtful Debts at Rs. 3000. How much amount will be realised from Debtors, if bad debts are Rs. 20,000 and remaining debtors are realised at a discount of 10%.

Option 1: Rs 76,000

Option 2: Rs 72,000

Option 3: Rs 36,575

Option 4: Rs 79,000

Question : Comprehension:

In the following passage, some words have been deleted. Read the passage carefully and select the most appropriate option to fill in each blank.

Every now and then there are going to be bad days, tough days, mood swings and all things nasty that may put a (1) ______ on our happy days. At any given moment, however, we are the ones who can make a (2)______ between letting these things get in the way or pushing them right out by (3) ______ time in things or people (4) ______ make us happy. I've had this list of things that have made me happy for years now. I made it back to college to help me deal with some difficult times that I faced then. Even today, every now and then when things go (5) ______ I always go back to this, and one or more things listed here always light me up!

Question:

Select the most appropriate option to fill in the blank number 4.

Option 1: which

Option 2: whom

Option 3: who

Option 4: where