UPSC Civil Services Exam
Question :
R, B and L were partners in a firm sharing profits and losses in the ratio equally. With effect from 1st April, 2018 they decided to share future profits and losses in the ratio of 3:2:1. On that date their Balance Sheet showed a debit balance of Rs. 24,000 in Profit and Loss Account and a balance of Rs. 1,44,000 in General Reserve.
It was also agreed that:
(a) The goodwill of the firm be valued at Rs. 1,80,000.
(b) The Land (having book value of Rs. 3,00,000) will be valued at Rs. 4,80,000.
Treatment of General Reserve?
Option 1: Debited each partners capital account with Rs 48,000
Option 2: Credited each partners capital account by Rs 48,000
Option 3: Both 1 and 2
Option 4: None of the above
Correct Answer: Credited each partners capital account by Rs 48,000
Solution : Answer = Credited each partner's capital account by Rs 48,000
General Reserve A/c Dr 1,44,000
To R's Capital A/c 48000
To B's Capital A/c 48000
To L's Capital A/c 48000
(old ratio = 1:1:1) Hence, the correct option
Yes u can, but it is advisable to read basic books first by ur own and then join coaching as it help u better in class to gasp the concept
Here u can find the list of basic books and a telegram channel link where you can join and find
If you are in class 7 u should currently focus on all of you subject and make your base strong, and u have time to find and explore more carrier options which also you can look for according to your interest. You should focus on all subjects English maths science
Hello aspirant,
I believe that you are perhaps a little too young to be making preparations at this time.
It will still be another eight to ten years before you are even qualified to take the test. However, there is never a bad time to learn. The best thing you
Hii There,
You will meet the eligibility criteria for the UPSC exam in 2026. This is because the UPSC requires candidates to be at least 21 years old as of August 1st in the year they intend to take the examination. According to your provided date of birth, you will
You can go with BA program as it easy to manage classes ( refering to course) our if u are fully dedicated u can do a ba degree from a distance learning and easily give 3 year to ur preparation.in ba u can choose a good combination of subjects that
U can go for BA .you can choose any undergraduate course of your choice, but it is recommended to choose a course that aligns with the UPSC syllabus. Subjects such as history, public administration, economics, political science and sociology can be helpful in preparing for the exam.
Hello candidate ,
I am hoping that you are absolutely fine and doing well. As per your mentioned query, you will be glad to know that if you are a diploma holder still you can give the UPSC civil services exam. As per the eligibility criteria of this exam ,
I hope you are fine. You will be glad to know that yes distance education degree holder can give the exam of IAS. A student of any graduate degree can do the preparation for this exam and also give this exam. Only the age limit is restricted that
Yes u have to study NCERT as ur base, which u can find online pdf or u can buy second hand books then go with base books and for cse book list you can refer to byjus site the have all books name in detail
Link for ncert pdf
https://www.ncertbooks.guru/ncert-books-pdf/
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