Learn IBPS SO with Free Lessons & Tips

X is a partner who used the stock of the firm worth Rs. 10,000 and suffered a loss of Rs. 2,000. He went the firm to bear the loss. How much ‘x’ is liable to pay to firm.

Q.2 Rajesh and Rakesh two partners draw for private use Rs 1,28,000 and Rs 86000 . Interest is changeable at 6% per annum on drawings .What is the interest?

Q.3 A and B contribute Rs. 80,000 and Rs 40,000 respectively by way of capital on which they agree to pay interest @ 6% p.a. Their respective share of profit is 2:3 and the business profit (before interest) for the year is 6,000. Show the relevant account to allocate interest about the treatment of interest on capital.

Q.4 It was discovered that in arriving at the profit for 2006, the following two items have been ignored.

(i) Outstanding expenses of Rs 3500 and

(ii) Accurate interest on investment of Rs 2,000

Make journal entries relevant to adjustments.

Q.5 A, B and C shared the profit of Rs. 9,00,000 in the ratio of 2:2:1 without providing for interest on B’s loan, B granted a loan of Rs. 4,00,000 in the beginning of accounting year. Whereas the partnership deed is silent on the interest on loan and the profit sharing ratio. Give adjusting entry.

Q.6 Calculate interest on X’s drawings @ 12% if he withdraws Rs. 2,000 per month during the year.

Q.7 Calculate interest on X’s drawings @ 12% p.a if he withdraws Rs. 2,000 per month during the year.

Q.8 Is a partner entitled to salary if he works more than others if partnership deed is silent?

Q.9 Distinguish between drawings against profit and drawings against capital. (Any two)

Q.10 There is no agreement regarding sharing of profits (or) partnerships salary. Rose is a whole-time partner whereas Lilly does not attend business regularly. Rose claims Rs 3,000 salary a month and 60% of balance profits Rs 24,600 Lilly advanced Rs 10,000 as loan and now she claims 10% interest. 

Greetings of the day!
If you have completed your M.B.A or awaiting results, you can directly apply through the "career" section on the bank's website itself. Most of the banking jobs involve both sales and operational profiles. However, the private banks always stress meeting sales targets. If only you have a passion for sales, you must join.
Regards and gratitude!

Right now I am MSBI developer. Is there possible for I can switch to Azure or AWS? Or can I Go with big Data technologies?

In any system, a feedback loop can be identified as a set of interlinkages between processes, where an event may positively or negatively impact the original process.

If we consider an organization as a system, with its own set of rules, policies and procedures, then any strategic decision can either have a positive or negative impact on the overall performance. For example, in case of a merger, it may result in greater revenues for the organization.

Feedback loops are a mechanism that provide feedback or information to the leadership, whether processes and internal controls are in place or not.

A positive feedback loop would mean that processes and controls are adequate. On the other hand, a negative feedback loop may point towards faulty processes or such other issues that would need to be rectified.

P.S: For more concepts on organizational behavior, please feel free to reach out via chat and book a session, or register for my upcoming course on organizational concepts.

Cognitive bias is quite common in most social and workplace situations. For example, Rachel, one of your friends, may feel strongly about environmental issues and invest in products with organic or natural origins.

She feels that every one of her seven friends(including you) in her social group also likely to invest in such products.

Let's say that you are out shopping with your groupmates, and a sales rep comes upto your group and asks you to purchase a non-organic cosmetic product, Rachel refuses.

What she is trying to convey here is that everyone else in the group has a similar taste and preference as far as natural products are concerned. However, one of your friends, Laura disagrees and proceeds to buy it, as she perceives it to be useful.

Rachel is concerned about her decision and asks the rest of the group, whether they agree with Laura's opinion or hers. Only one of your friends supports Laura's argument. 

In this case, Rachel has just faced what we call a 'false consensus bias.' 

So, what does this mean?

Simply put, the false consensus bias is the tendency of individuals to overestimate the degree to which others share or agree with their opinions, attitudes, beliefs and the like.

This is more common in a group setting where people want to believe that their opinions and outlook is more prevalent in the general public than it is.

The false consensus effect is more substantial when it comes to certain situations. If one adheres to secure moral codes and values, and he/she believes it to be essential and correct, the degree of false consensus tends to be stronger.

A cost leadership strategy is often used by firms to increase their consumer base and sales, by reducing their costs of operation in comparison to competitors.

Price levels influence the conventional customer's purchase decision, and more often than not, people always buy products that are reasonably priced.

A cost-leadership strategy is a result of economies of scale and production efficiencies, achieved through innovation and higher output levels within the firm.

To become a cost leader, an organization must adopt at least one of the following strategies:

- Maximize profits by cost reduction while maintaining industry-average prices.

- Charging lower rates for a product or service that leads to an increase in sales and market share, registering overall profits on each sale.

An operational amplifier with an open-loop voltage gain, A_VOLof 320,000 without feedback is to be used as a non-inverting amplifier. Calculate the values of the feedback resistances, R₁ and R₂ required to stabilise the circuit with a closed loop gain of 20.