Question : Writing off bad debts against the provision for doubtful debts; would result in inflow/outflow/no flow of Cash and Cash Equivalents:

Option 1: Inflow of cash

Option 2: Outflow of cash

Option 3: Neither inflow Nor outflow

Option 4: Cash and cash equivalent

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% was recovered from him out of Rs.10,000 Full amount was recovered from the balance debtors. On account of this item, the loss in the realisation account will be :

Option 1: Rs 51,000

Option 2: Rs 15,000

Option 3: Rs 35,000

Option 4: Rs 7,000

Question : Comprehension:

In the following passage, some of the words have been deleted. Read the passage carefully and select the correct answer for the given blank out of the four alternatives. Social media platforms and many people on them have their own (1)_____and they are often trying to sell you things. So, be (2)______of how much time and energy you give to sellers and users, and think about (3)________they want from you when engaging. To gauge which uses are positive and (4)_______and which are detrimental, ask yourself simply: When does using social media make me feel good or bad, and why? Do I (5)_______use it all of the time?

Question:
Select the most appropriate option to fill in the blank number (2).

Option 1: aroused

Option 2: valiant

Option 3: calm

Option 4: aware

Question : Comprehension:

In the following passage, some of the words have been deleted. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.
Social media platforms and many people on them have their own (1)______and they are often trying to sell you things. So, be (2)________of how much time and energy you give to sellers and users and think about (3)________they want from you when engaging. To gauge which uses are positive and (4)_____and which are detrimental, ask yourself simply, when does using social media make me feel good or bad, and why? Do I (5)_______use it all of the time?

Question:
Select the most appropriate option to fill in the blank number (5).

Option 1: could

Option 2: need to

Option 3: ought to

Option 4: must

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:
Revaluation account will be

Option 1: Debited by Rs 27,000

Option 2: Crediting with Rs 27,000

Option 3: No profit and no loss

Option 4: None of the above

Question : Writing off bad debts against the provision for doubtful debts; would result in inflow/outflow/no flow of Cash and Cash Equivalents:

Option 1: Inflow of cash

Option 2: Outflow of cash

Option 3: Neither inflow Nor outflow

Option 4: Cash and cash equivalent

Question : A and B are partners in a firm. Their balance sheet as at 31 st March, 2018 was as follows:

C was taken into partnership as from 1st April, 2018. C brought Rs.40,000 as his capital but he is unable to bring any amount for goodwill. New profit sharing ratio is 3: 2: 1. Following terms were agreed upon :
1. Claim on account of Workmen's Compensation is Rs.3,000.
2. To write off Bad Debts amounting to Rs.6,000.
3. Creditors are to be paid Rs.2,000 more.
4. Rs.2,000 be provided for an unforeseen liability.
5. Outstanding expenses be brought down to Rs. 1,200.
6. Goodwill is valued at $1 \frac{1}{2}$ year's purchase of the average profits of last three years. Profits of 3 years amounted to Rs.8,000; Rs. 10,000 and Rs. 18,000 .
Question:
Which account will be debited and crediting in Respect of treatment of goodwill.

Option 1: premium for goodwill debiting Rs 3,000 and Crediting B's capital account by Rs 3,000

Option 2: debiting C's current account Rs 3,000 and crediting B's capital account with Rs 3,000

Option 3: debiting Cs current account Rs 3,000 and crediting B and A Rs 1,500 each

Option 4: None of the above

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.

Unemployment arises from a variety of_____ (1). One which is always recurring and the effects of which we have had a recent example is the disorganisation of the industry resulting from a long war, this is a serious______ (2) admitting of no easy ________(3) at the best of times. Again there is unemployment which followed a marked diminution in the______ (4) of any raw product, such as cotton; fewer hands are required in the mills and the factories. We may call this the cause of bad harvests. Similar, but more serious is the effect of changes in industry due to the invention of machinery which does more work and requires________ (5) hands. Yet another cause is strike or lockout and this is more to be deplored because such a stoppage is due to a very trivial matter, perhaps the men are working half an hour longer than what their Union permits.

Select the most appropriate option to fill in the blank number 3.

Option 1: key

Option 2: clue

Option 3: answer

Option 4: solution

Question : Select the most appropriate meaning of the given idiom.
Get cold feet

Option 1: To get no results

Option 2: To be in a bad mood

Option 3: To feel nervous about doing something

Option 4: To escape from something

Question : Comprehension:

In the following passage, some words have been deleted. Fill in the blanks with the help of the alternatives given. Select the most appropriate option for each blank.

The rain was coming down relentlessly. Even (1)______ a fast windscreen wiper, the road was (2)____ visible in the dark. Away from the noisy station we had just left, I (3)_____ the empty roads. Indeed, who would be walking (4)____ at such a late hour in the pouring rain? Shekhar was (5)____ steady driver as a rule, but we (6)____ both worried by now and he was already driving (7)______ fast. The road conditions were (8)____ from good. It was a bad ride, but we barely noticed it as we were so (9)______. The only thing I was worried about was finding my daughter, a young, (10)_______ girl alone on the streets at this hour.

Question:

Select the most appropriate option to fill in the blank 9.

Option 1: intense

Option 2: tension

Option 3: tensioned

Option 4: tense