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Cpt dbt urgent!!

CPT 763 views 5 replies

Please clear these doubts

Q  a & b have psr 5:3 ,they admitted  c giving 3/10th share of profit . if  c  acquires 1/5th share from a and 1/10th  from b ,new psr will be

a.5:6:3  b.2:4:6    c.18:24:38    d.17:11:12  

 

Q    value of physical stock on 15.4.2010 was 3,00,000.....Sales amounting  to1,00,000 and purchase worth 50,000 were held between 31.3.2010 and 15.4.2010.Goods are sold at a profit of 20% on sales. Value of inventory as on 31.3.2010 is

a.3,50,000    b.2,70,000      c.3,30,000      d.3,00,000    

 

Q.   on 31st march 2009 Suraj had to pay Chandra Rs 7,000 on account credit purchase from later.....He paid 1,800 on 30th sept 2009  after availing cash discount of 10% . ......on 30th sept 2009 he paid Rs 2,850 after availing 5% cash discount .....on account of final settlement .......amount to be paid by suraj without any discount will be

a.2,350                 b.2,000            c.2,200                           d.2,150   

 

Replies (5)

Hey your all questions are given in Model Test Paper with answer....

So, please refer MTP...........

Q1) Calculation of new ratio. . . A=5/8-1/5=17/40. . . . . . B=3/8-1/10=11/40 . . . . . . C=3/10 Or 12/40 . . . . . so, new ratio comes 17:11:12

Ans. 2: Sales-GP = Stock on 31.03.10+Purchases-Stock on 15.04.10

           1000000-20000 = Stock on 31.03.10+50000-300000

           80000=Stock on 31.03.10-250000

           Stock on 31.03.10=80000+250000=Rs. 3,30,000 /-

Ans. 3: Amnt to be paid on Final Settlement will be Rs. 2,000/-:

           [7000-2000(1800/0.90)-3000(28500/.95)]

thanks for answering

 


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