Question

3.Receipt from sales of old asset is income (True/False *

Option 1

4.Payment of Honorarium is a revenue expense.(True/False) *

Your answer

5.________ is a summary of cash book *

Your answer

6.Credit purchase of medicine is Rs.64,000, which is 80% of total purchase. Compute cash purchase of medicine. *

Your answer

7.Salary or Commission to a partner is an _______of profit. *

Your answer

8.Interest on loan taken by a partner is credited to *

Capital A/c.

Current A/c.

Profit and loss A/c.

None of these

9.In the absence of partnership deed interest on drawings of a partner is charged *

@8% p.a.

@9% p.a.

@10% p.a.

not charged

10. In case of Fixed Capital, Interest on capital is *

credited to capital A/c.

Credited to Current A/c.

Debited to Capital A/c.

Debited to Current A/c.

11.Capital employed Rs.8,00,000. Normal rate of return is 15%p.a. and profit for the year is Rs.1,20,000. Value of goodwill as per capitalisation method would be *

Rs.8,20,000

Rs.1,20,000

Rs.Nil

Rs.4,20,0000

12. What is meant y purchased goodwill? *

Your answer

13. When goodwill is not purchased *

Goodwill is not shown in Balance sheet

goodwill is shown in Balance sheet

partly shown in Balance Sheet

May or may not be shown​

Answer 1

Answer:

Steps:

1) Draw a line segment AB of length 9.3 units.

2) Extend the line by 1 unit more such that BC=1 unit .

3) Find the midpoint of AC.

4) Draw a line BD perpendicular to AB and let it intersect the semicircle at point D.

5) Draw an arc DE such that BE=BD.

Therefore, BE=

9.3

units