After adjusting outstanding salary of the current year Tk. 5,000 and outstanding salary of the previous year Tk. 2,500, salary expense shown in the income and Expenditure Account is Tk. 18.000. What amount of salary paid was shown in the Receipts and Payments Account?

1.In 2023, Ishrak Ltd. issued shares for cash Tk. 250,000, paid dividend Tk. 40,000 and issued bonds for cash Tk. 50,000 What is the net cash flow from financing activities?

2.According to the Companies Act, what is the maximum rate of discount on issue of shares?

3.Sunk cost is : i. Irrelevant cost ii. Past cost iii. Relevant cost Which one is correct?

4.Share Underwriters Commission is a:

5.Which of the following does not appear in a partner's Current Account?

6.Pappu and Pritom are partners sharing profit and loss in the ratio

7.Which of the following is included under Operating Activities of a Cash Flow Statement?

8.Masud Ltd. had interest expense Tk. 25,000 in 2023. Interest payable on 1 January Tk. 4,000 and on 31 December Tk. 9,000. What amount of cash paid for?

9.Which of the following is a profit-seeking non-trading concern?

10.Rajshahi Silk Mills Ltd. issued a prospectus to sell 15,000 shares of Tk. 20 each at a discount of Tk. 2. Mr. Ahmed received 200 shares. Up to what amount is his liability limited?

11.Pari is a partner of a business. She withdraws cash throughout the year at the rate of Tk. 1,500 per month. On 25 December, Pari withdrew goods worth Tk. 5,000. Calculate interest on drawings at 12% per annum.

12.Goods sent on consignment cost Tk. 15,000 and were sold for Tk. 20,000. Agent's commission is 5%. What is the profit on consignment?