Uttar Pradesh Trained Graduate Teachers Test
(September – 2009)
1. The assets which are purchased to improve profitability in the business not for the purpose of resale, are called?
(A) Intangible assets
(B) Current assets
(C) Fixed assets
(D) Wasting assets
2. As per the rule of Garner versus Murray, any loss that arises due to being insolvent of any partner should be divided among other partners in their?
(A) Profit and loss sharing ratio
(B) Capital ratio
(C) Average of both ratios
(D) None of these
3. Securities premium cannot be applied?
(A) For paying dividend to members
(B) For issuing bonus shares to members
(C) For writing off preliminary expenses of company
(D) For writing off discount on issue of debentures
4. Which method is legally accepted for redemption of preference shares?
(A) Issue of equity shares
(B) Issue of debentures
(C) Sale of fixed assets of the company
(D) Public deposits
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