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248. Which one of the following accounting equations is correct?

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Assets = Owner’s equity
Assets = Liabilities + Owner’s equity
Assets = Liabilities – Owner’s equity
Assets + Liabilities = Owner’s equity
✅ The correct answer is B.
Assets = Liabilities + Owner’s eq accounting equations is correct. It shows that a company’s total amount of assets equals the total amount of liabilities plus owner’s (or stockholders’) equity.

2684. A partnership firm cannot raise funds through _________.

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bank loan
partners loan
Debentures
partners capital
✅ The correct answer is C.
A partnership firm cannot raise funds through Debentures. A partnership passes through its taxable income (or loss) to its investors, thereby avoiding double taxation and allowing the partnership the option to retain working capital for growth.

2685. All of the following are potential benefits of B2B e-commerce except_________.

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reduced amount of ‘first-mover’ advantages
decreased product cycle time
increased opportunities for collaborating with suppliers and distributors
increased production flexibility
✅ The correct answer is A.
All of the following are potential benefits of B2B e-commerce except reduced amount of ‘first-mover’ advantages.

249. Depreciation is charged on fixed assets to comply with which of the following accounting principle?

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Matching concept
Prudence concept
Timeliness concept
Reliability concept
✅ The correct answer is A.
Depreciation is charged on fixed assets to comply with Matching concept which requires that revenues must be matched with associated expenses to get a complete and accurate picture of profit and loss.

2690. Risk on a stock portfolio which cannot be eliminated or reduced by placing it in diversified portfolio is classified as

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diversifiable risk
market risk
stock risk
portfolio risk
✅ The correct answer is B.
Risk on a stock portfolio which cannot be eliminated or reduced by placing it in diversified portfolio is classified as market risk. Market risk is the possibility of an investor experiencing losses due to factors that affect the overall performance of the financial markets in which he or she is involved.

2692. Term structure premium, an inflation of bond and bond default premium are included in

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risk factors
premium factors
bond buying factors
multi model
✅ The correct answer is A.
Term structure premium, an inflation of bond and bond default premium are included in risk factors. Term Premium is the amount by which the yield-to-maturity of a long-term bond exceeds that of a short-term bond. Because one collects coupons on a long-term bond for a longer period of time, its yield-to-maturity will be more. The amount of a term premium depends on the interest rates of the individual bonds. Inflation-linked bonds, or ILBs, are securities designed to help protect investors from inflation. A default premium is the additional amount a borrower must pay to compensate a lender for assuming default risk. All companies or borrowers indirectly pay a default premium, through the rate at which they must repay the obligation.

2675. “BDL Ltd. is currently preparing its cash budget for the year to 31 March 20XX. An extract from its sales budget for the same year shows the following sales values. Rs March 60,000 April 70,000 May 55,000 June 65,000 40% of its sales are expected to be for cash. Of its credit sales, 70% are expected to pay in month after sale and take a 2% discount. 27% are expected to pay in the second month after the sale, and the remaining 3% are expected to be bad debts. The value of sales budget to be shown in the cash budget for May 20XX is”

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Rs. 60,532
Rs. 61,120
Rs. 66,532
Rs. 86,620
✅ The correct answer is A.
40% of May sales for cash (40% x Rs. 55,000) = Rs.22,000
70% of April credit sales less 2% discount (70% x 60% x Rs. 70,000 x 98%) = Rs. 28,812
27% of March credit sales (27% x 60% x Rs. 60,000)
= Rs. 9,720
Total Sales = Rs. 22000 + Rs. 28812 + Rs. 9720 = Rs. 60,532.

2677. HLV concept helps to determine the _________ limit beyond which life insurance could be speculative.

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Upper
Lower
Middle
All of the above
✅ The correct answer is A.
HLV concept helps to determine the Upper limit beyond which life insurance could be speculative. HLV helps to determine how much insurance one should have for full protection. It also tells us the upper limit beyond which life insurance would be speculative.