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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

Team Careers360 7th Jan, 2024

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.

 

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Question : 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

Team Careers360 19th Jan, 2024

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.

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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

Team Careers360 16th Jan, 2024

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.

 

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Question : Directions: Select the Venn diagram that represents the correct relationship between the following classes.
Doctor, Surgeon, Cardiologist

Option 1:

Option 2:

Option 3:

Option 4:

Team Careers360 11th Jan, 2024

Correct Answer:


Solution : Based on the general information, all the cardiologists are surgeons, and all surgeons are doctors. So, the circle that represents the cardiologist will lie inside the circle that represents the surgeon, and the circle that represents the surgeon will lie inside the circle that represents the doctor.
Therefore, the Venn diagram is as follows –

Hence, the first option is correct.

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