Correct Answer: The receptionist said to me, "Do you want to meet the accountant?"

Solution : The correct choice is the fourth option.

Narration Conversion:

• The verb asked is changed to said in the direct form.
• If is changed to do when converting a question from the indirect form to the direct form.
• The first-person pronoun I is changed to the second-person pronoun you.
• The simple present tense is changed to the simple past tense.

Therefore, the direct form is: The receptionist said to me, "Do you want to meet the accountant?"

Correct Answer: Dividend received

Solution : Answer = Dividend received

Interest received on investments is typically classified as an investing activity in the Cash Flow Statement. Similarly, dividends received, being an income from investments, can also be classified as an investing activity. Both involve returns earned from investments made by the company, hence they fall under the investing category.
Hence, the correct option is 2.

Correct Answer: Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct eplanation of Assertion (A).

Solution : Since capital is an investment made by the partners themselves, the firm will only return the capital to the partners at the time of a partner's dissolution once all other debts, including any loans made in proportion to the partners' capital, have been settled.

Hence the Correct answer is option 1.

Correct Answer: Rs 4,00,000

Solution : Answer = Rs 4,00,000

C. Assets = 16,00,000

C. liab = 10,00,000

C.Ratio =1.6:1

Let the amount of the current liab should be paid = $x$

$\frac{16,00,000-x}{10,00,000-x}$ =   $\frac{2}{1}$

16,00,000-$x$ = 20,00,000 - 2$x$

$x$ = 4,00,000

C. liab should be paid = Rs. 4,00,000
Hence, the correct option is 1.

Correct Answer: The officer said to the accountant, "Why have the accounts not been reconciled?"

Solution : The correct choice is the fourth option.

In the direct speech, the exact words spoken by a person are enclosed in quotation marks and attributed to the speaker. The reported question from the indirect speech is directly presented within quotation marks in the direct speech version.

The steps of conversion are as follows:

• The reporting verb "asked" would be changed to "said".
• Rewrite the reported clause as a direct question: "Why have the accounts not been reconciled?"
• Since the reported speech is already in past perfect tense and there are no pronoun changes needed, no adjustments are required.
• Add quotation marks around the reported speech.

Therefore, the correct answer would be: The officer said to the accountant, "Why have the accounts not been reconciled?"

Correct Answer: Dividend received

Solution : Answer = Dividend received

Interest received on investments is typically classified as an investing activity in the Cash Flow Statement. Similarly, dividends received, being an income from investments, can also be classified as an investing activity. Both involve returns earned from investments made by the company, hence they fall under the investing category.
Hence, the correct option is 2.

Correct Answer: Selection

Solution : Selection is the process of identifying and choosing the best person out of a number of prospective candidates for a job.

Hence, option B is correct.

Correct Answer: Both Assertion A and reason R are correct but reason R is the correct explanation of Assertion A

Solution : Answer = Both Assertion A and reason R are correct but reason R is the correct explanation of Assertion A

In many situations, the accountant has to make a choice out of alternatives available, e.g., a choice in the method of inventory valuation, or a choice in the method of depreciation (straight line or written down value). The subjectivity is inherent in personal judgment, the financial statements are, therefore, not free from bias. It is a limitation of financial statements.
Hence, the correct option is 2.

Since you already have a post-graduate degree and experience working in the accounts and finance department, you can pursue professional certifications in the field to get an increment in your salary. Certifications like CPA or CMA can enhance your skills leading to better salary prospect.

You can also consider courses in areas such as financial analysis, risk management, or taxation.

I hope this helps,

Thank you