
Pre & Post Incorp.
Quiz
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Education
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Professional Development
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Practice Problem
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Medium
CA. CHAWLA
Used 7+ times
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6 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Pre Incorporation Profit is a:
Capital Nature and transfer to Capital Reserve
Revenue Nature (Free Reserve)
2.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
Avg. Monthly Sales for Pre Incorporation Period is Just 1.5 Tiimes of Post Incorporation Period.
Pre Incorporation Period is 7 Months & Post Incorporation Period is 5 Months.
10 : 21
21 : 10
2 : 1
3.
MULTIPLE CHOICE QUESTION
45 sec • 3 pts
Sales Ratio = 2:5
COGS per unit was reduced by 20% in Post Period
Total COGS is 21 Lacs.
COSG IN PRE AND POST ?
6 Lacs Pre
15 Lacs Post
11.66 Lacs Pre
9.33 Lacs Post
7 Lacs Pre
14 Lacs Post
4.
MULTIPLE CHOICE QUESTION
45 sec • 3 pts
Sales Ratio is 7:16
GP ratio Pre Period was 20%
GP ratio in Post Period increased by 5%
GP Amount is 27,50,000
GP in Pre and Post ?
Pre = 8,36,957
Post = 19,13,043
Pre = 7,12,963
Post = 20,37,037
Pre = 8,08,824
Post = 19,41,176
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is the Treatement of Pre Incorporation Loss ?
Transfer to Capital Reserve
Added to Goodwill A/c
Treated as Free Reserve
6.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
Time Ratio 1:5
Purchase Price has reduced by 10% as compared to Pre Period
What is Purchase Ratio ?
2:9
9:2
9:50
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