Pre & Post Incorp.

Pre & Post Incorp.

Professional Development

6 Qs

quiz-placeholder

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Pre & Post Incorp.

Pre & Post Incorp.

Assessment

Quiz

Education

Professional Development

Practice Problem

Medium

Created by

CA. CHAWLA

Used 7+ times

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6 questions

Show all answers

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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