Question : Chain and Harsha were partners in a firm sharing profits in the ratio of 3: 2. On 1-4-2014 their Balance Sheet was as follows :
| Balance Sheet of Charu and Harsha as on 1st April, 2014 | |||
| Liabilities | Amount(Rs) | Assets | Amount(Rs) |
| Creditors | 17,000 | Cash | 6,000 |
| General Reserve | 4,000 | Debtors | 15,000 |
| Workmen Compensation Fund | 9,000 | Investments | 20,000 |
| Investment Fluctuation Fund | 11,000 | Plant | 14,000 |
| Provision for bad debts | 2,000 | Land & buildings | 38,000 |
| Capitals: | |||
| Charu- 30,000 | |||
| Harsha- 20,000 | 50,000 | ||
| 93,000 | 93,000 | ||
On the above date Vaishali was admitted for 1/4 th share in the profits of the firm on the following terms :
(a) Vaishali will bring Rs.20,000 for her capital and Rs.4,000 for her share of goodwill premium.
(b) All debtors were considered good.
(c) The market value of investments was Rs. 15,000.
(d) There was a liability of Rs.6,000 for workmen compensation.
(e) Capital accounts of Charu and Harsha are to be adjusted on the basis of Vaishali's capital by opening current accounts.
Question:
Amount distributed amongst the old partners In respect of workmen's compensation fund will be
Option 1: Crediting old partners capital Account with Rs 2,000 and Rs 1,000
Option 2: crediting the old partner's capital account with Rs 1,800 and Rs 1,200
Option 3: debiting old partner's capital account with Rs 1,800 and Rs 1,200
Option 4: None of the above
Correct Answer: crediting the old partner's capital account with Rs 1,800 and Rs 1,200
Solution : Answer = crediting the old partner's capital account with Rs 1,800 and Rs 1,200
| Charu | Harsha | Vaishali | Charu | Harsha | Vaishali | ||
| By Bal. B/D | 30000 | 20,000 | - | ||||
| Revaluation(profit) | 1200 | 800 |
- |
||||
| Reserve | 2400 | 1600 | - | ||||
| W.C. Res | 1800 | 1200 | - | ||||
| I.F. Res | 3600 | 2400 | - | ||||
| Bank | - | - | 20,000 | ||||
| Premium for Goodwill | 2400 | 1600 | - | ||||
| Bal. C/D | 41400 | 27600 | 20000 | ||||
| 41400 | 27600 | 20000 | 41400 | 27600 | 20000 |
| Charu | Harsha | Vaishali | Charu | Harsha | Vaishali | ||
| Current A/c | 5400 | 3600 | - | By Bal. B/D | 41400 | 27600 | 20,000 |
| Bal. C/D | 36000 | 24000 | 20,000 | ||||
| 41400 | 27600 | 20000 | 41400 | 27600 | 20000 |
Hence, the correct option is 2.
Answer laterQuestion : If the water smells bad, then that odour can be removed by adding:
Option 1: Alum
Option 2: Bleach
Option 3: Activated carbon
Option 4: Deactivated carbon
Correct Answer: Activated carbon
Solution : The correct option is Activated carbon.
Powdered activated carbon is the suggested remedy for tastes, and odours that are modest and sporadic. By adding powdered activated carbon to water, or using granular activated carbon in the water filter, bad tastes, and unpleasant odours can be eradicated. The way activated carbon functions is by a process called adsorption, in which the component responsible for the odour is trapped inside the activated carbon, and kept without affecting the size of the substance doing the adsorption.
Question :
In these questions some of the sentences have errors and some have none. Find out which part of a sentence has an error and indicate it corresponding to the appropriate letters. If there is no error, indicate corresponding to the last option.
In order to give up the bad habit (1) / of drinking, use of medicine or (2) / similar other method (3) / can be helped (4).
Option 1: In order to give up the bad habit
Option 2: of drinking, use of medicine or
Option 3: similar other method
Option 4: can be helped
Correct Answer: can be helped
Solution : There is an error in the option 4.
We need to use "Can be helpful" instead of " can be helped".
Help is a verb however helpful is adjective.
Help means by offering one's services or resources, one can make anything easier or achievable for (someone). Helpful means willing to help, or useful:
Hence the correct sentence is
In order to give up the bad habit of drinking, use of medicine or similar other method can be helpful.
Question :
Select the phrase/connector from the given options to form a single sentence from the two sentences given below, implying the same meaning as expressed in the statement sentences
It was a bad idea. It was not risk-free.
Option 1: It was a bad idea but it was not risk-free
Option 2:
It was a bad idea and it was not risk-free
Option 3:
It was a bad idea with it was not risk-free
Option 4:
It was a bad idea despite being risk-free
Option 5:
It was a bad idea yet it was not risk-free
Correct Answer:
It was a bad idea and it was not risk-free
Solution :
We need ‘and’. Hence, “It was a bad idea and it was not risk-free” is the best choice
Question : Select the most appropriate meaning of the given idiom.
Bad iron.
Option 1: No steam
Option 2: Not hot
Option 3: Bad luck
Option 4: Bad behaviour
Correct Answer: Bad luck
Solution : The correct option is the third option.
The idiom, bad iron means to have bad luck or be unfortunate.
Question : Select the option that can be used as a one-word substitute for the given group of words.
Make (something bad or unsatisfactory) better
Option 1: Judge
Option 2: Malign
Option 3: Castigate
Option 4: Ameliorate
Correct Answer: Ameliorate
Solution : The correct choice is the fourth option.
Explanation:
Ameliorate fits this requirement, as it means to make something bad or unsatisfactory better. It is a synonym for improve and precisely conveys the meaning of enhancing a situation or condition.
The meanings of the other options are as follows:
- Judge: This word means to form an opinion or decide upon after careful consideration.
- Malign: This word means to speak harmful untruths about someone.
- Castigate: This word means to reprimand or criticise severely.
Therefore, the correct answer is ameliorate.
