STUDENTS PERFORMANCE IN Test-3 MCQ-Admission of Partner based on Class dated 30/07/2020

Thanks All the Teachers who motivate their students to take Test of ACCOUNTANCY. All The students tried to their best. Some Students performance is very Good and CTFdelhi Congratulates them and their Teachers. KEEP IT UP.

OVERALL PERFORMANCE OF STUDENTS

STUDENTS WHO SCORE 12/12


Congratulations Students and Teachers

Score	NAME OF STUDENT & Roll No.	SELECT YOUR SCHOOL	NAME OF TEACHER
12 / 12	Nancy	Ashok Nagar-GGSS 1106112	Nillima mam
12 / 12	LOKESH GUPTA	Bhola Nath Nagar-SBV (Babu Ram) 1001001	Yashpal sir
12 / 12	Arman Rawat	Bhola Nath Nagar, No.1-SKV 1001018	Anjali d sharma
12 / 12	Aanchal rai 44	Bindapur-GGSSS 1618060	Anita walia
12 / 12	Rashi. Roll no. 7	Chattarpur-GGSSS 1923048	Mrs. Seema
12 / 12	Antra Gupta, roll no- 31	Chattarpur-GGSSS 1923048	Seema aluwalia
12 / 12	Kehkasha Roll no.-03	Chattarpur-GGSSS 1923048	Seema
12 / 12	ABU AFZAL.	HOLAMBI KALAN,METRO VIHAR,A-BLK G(CO-ED)SSS 1310399	Mr D D SHARMA.
12 / 12	Nikhil	Kanti Nagar-SBV 1001004	Ms.DD sir
12 / 12	Mehak singh roll no.21	Keshavpuram, No.1-SKV 1411028	Mrs kamlesh kaushik
12 / 12	Nikita Gupta 16	Keshavpuram, No.1-SKV 1411028	Mrs. Kamlesh Kaushik
12 / 12	Shubhamshah	Mandawali-SBV (Veer Udham Singh) No. 1 1002001	Vibha mam
12 / 12	Vishal kumar roll number 09	Mehrauli, No.2-GBSSS 1923015	Ajay kumar Kaushik
12 / 12	Priya 01	Moti Nagar SKV 1516018	Mrs. Anu Bansal
12 / 12	Shivani pal 12334	Nand Nagri, Block E-SKV 1106113	Shasi kiran gupta
12 / 12	versha 39	Nand Nagri, Block E-SKV 1106113	shashi kiran gupta
12 / 12	Neha Maurya	Nangloi-GGSSS 1617021	Jyoti
12 / 12	Riju Rajkumari	Other than DoE school	Mr. Chittaranjan Biswal
12 / 12	akshAt dixit	Other than DoE school	Mr chittranjan Biswal
12 / 12	Yash Rajput roll no. 12	Other than DoE school	Chitranjan bishwal
12 / 12	Sejal 120514	Other than DoE school	Anjal sharma
12 / 12	Himanshi	Other than DoE school	Renu
12 / 12	Mohit Kumar Aggarwal (12327)	Rohini, Phase-II, Sec-21- RPVV 1412291	Devendra datt Sharma
12 / 12	Khushboo 32	Rohini, Phase-II, Sec-21- RPVV 1412291	Mr. Devendra Datt Sharma sir
12 / 12	Bhawna 12307	Rohini, Phase-II, Sec-21- RPVV 1412291	Devendra Datt
12 / 12	Akash 2	Rohini, Sec-4- Govt. Co-ed Sarvodaya Vidyalaya 1413336	Neelima mam
12 / 12	Dayashankar sharma	Rohini, Sector 2 - G(Co-ed) Sarvodaya Vidyalaya 1413006	Neelima
12 / 12	Deepali.7	Rohini, Sector 2 - G(Co-ed) Sarvodaya Vidyalaya 1413006	Neelima
12 / 12	Naman sharma, roll no.03	Rohini, Sector 2 - G(Co-ed) Sarvodaya Vidyalaya 1413006	Neelima mam
12 / 12	Narender, roll no.40	Rohini, Sector 2 - G(Co-ed) Sarvodaya Vidyalaya 1413006	Neelima mam
12 / 12	Nikhil Gupta .30	Rohini, Sector 2 - G(Co-ed) Sarvodaya Vidyalaya 1413006	Neelima
12 / 12	Aditya vats, Roll no. 45	Rohini, Sector 2 - G(Co-ed) Sarvodaya Vidyalaya 1413006	Neelima mam
12 / 12	Parv Varshney 05	Rohini, Sector 2 - G(Co-ed) Sarvodaya Vidyalaya 1413006	Nelima mam
12 / 12	Anurag . 21	Rohini, Sector 2 - G(Co-ed) Sarvodaya Vidyalaya 1413006	Neelima
12 / 12	Sakshi 29	Rohini, Sector 6-SV 1413004	Seema Kaushik
12 / 12	Afreen	Rohini, Sector 6-SV 1413004	Seema kaushik
12 / 12	Nidhi sharma14	Rohini, Sector 6-SV 1413004	Mrs.seema kaushik
12 / 12	Isheeta, roll no. 63	Rohini, Sector 6-SV 1413004	Seema
12 / 12	Dhruv walia	Rohini, Sector 6-SV 1413004	Seema kaushik
12 / 12	Ruby	Rohini, Sector 9-SV (shaheed capt. Sanjeev Dahiya) 1413010	Anjali d sharma
12 / 12	Ravinder	Rohini, Sector 9-SV (shaheed capt. Sanjeev Dahiya) 1413010	Anjali D. Sharma
12 / 12	Riya goel	Rohini, Sector 9-SV (shaheed capt. Sanjeev Dahiya) 1413010	Anjali d. Sharma
12 / 12	Divyansh 02	Rohini, Sector 9-SV (shaheed capt. Sanjeev Dahiya) 1413010	Anjali sharma
12 / 12	Anish & 10	Rohini, Sector 9-SV (shaheed capt. Sanjeev Dahiya) 1413010	Anjali Sharma
12 / 12	Khushi Sharma roll no 35	Sarvodaya Co-ed Vidyalaya Sec. 8 Rohini 1413027	Sanjul bhardwaj
12 / 12	Sushma kumari 57	Sarvodaya Co-ed Vidyalaya Sec. 8 Rohini 1413027	Sanjay Bhardwaj
12 / 12	Karishma 16	Shahdara, Teliwara-G(Co-ed)SS 1001151	Renu
12 / 12	Aakash mishra(18)	Shakarpur, No.1-SBV 1002192	Mr umakant
12 / 12	Md Sakib Saifi & 16	Shakurpur, No.1-SBV 1411002	Umakant Rathee
12 / 12	ayushman jaiswal,roll no-6	Shakurpur, No.1-SBV 1411002	umakant rathi
12 / 12	Jyoti Kumari and 07	Shalimar Bagh, Block BT-RPVV 1309124	Mr. Hitendra
12 / 12	Anisha	Tilak Nagar, No.1-GGSSS 1514014	Savita mam
12 / 12	Aditi Sharma	Tilak Nagar, No.1-GGSSS 1514014	Savita mam
12 / 12	Simran Narang 10	Timar Pur-SKV 1207034	Ms. Renu
12 / 12	Twinkle kashyap	Vivek Vihar-SBV 1001002	Neelima
12 / 12	Lovely	Other than DoE school	Usha
12 / 12	Ankit Kumar Jha and 26	Sarvodaya Co-ed Vidyalaya Sec. 8 Rohini 1413027	Sanjul Bhardwaj
12 / 12	Ritika khaas 19	Other than DoE school	Renu

OVERALL PERFORMANCE OF STUDENTS

Disclaimer : CTFDelhi will not be responsible in any manner for any mistake in test, Marking Scheme etc or on some other issue.

STUDENTS PERFORMANCE Test-2-MCQ L-06 (STAFFING) based on class held on 29 July

Thanks All the Teachers who motivate their students to take Test of Business Study. All The students tried to their best. Some Students performance is very Good and CTFdelhi Congratulates them and their Teachers. KEEP IT UP.

OVERALL PERFORMANCE OF STUDENTS

STUDENTS WHO SCORE 17/17

Congratulations Students and Teachers

Score	Name of Student & Roll No.	SELECT YOUR SCHOOL	Name of Teacher
17 / 17	Simran,Roll no 30	Anand Vihar-SKV 1001009	KIRAN MAM
17 / 17	Kartik	Bawana-GBSSS 1310019	Shusil sir
17 / 17	Isha roll no 4	Bindapur-GGSSS 1618060	Anita gwalia
17 / 17	karan nayak ,25	Kakrola-SV 1618009	lovely adlakha
17 / 17	Pooja Sankla	Kalkaji School of Excellence 1925430	Yashpal Baisoya
17 / 17	Mehak singh Roll no.21	Keshavpuram, No.1-SKV 1411028	Mrs. Kamlesh kaushik
17 / 17	Harsh Singh 29	Kunwar Singh Nagar,Ranhaula- G(Co-ed)SSS 1617214	Ms Vandana Meena
17 / 17	Sonali 05	Mayur Vihar, Phase I, Pkt.IV-SBV(Shaheed Capt.Hanifuddin) 1002016	Savita dhingra
17 / 17	Somay ranjan nayak	Narela-GBSSS (Mussadi Lal) 1310166	Bharat lal
17 / 17	Sanjana 14	New Kondli-GGSSS 1002186	Neeru singhal
17 / 17	Nikita Bisht (39)	New Kondli-GGSSS 1002186	Neeru Singal
17 / 17	Bhanu chaudhary 17	Pooth Kalan-SBV 1412007	Sajjan kumar
17 / 17	bharat&13	Pooth Kalan-SBV 1412007	sajjan kumar
17 / 17	Rachit Chhabra & 12218	Sarvodaya Co-ed Vidyalaya Sec. 8 Rohini 1413027	Mrs sanjul Bhardwaj
17 / 17	Anurag dhuriya. 08	Sarvodaya Co-ed Vidyalaya Sec. 8 Rohini 1413027	Sanjul bharadwaj
17 / 17	Amit kalra &28	Sarvodaya Co-ed Vidyalaya Sec. 8 Rohini 1413027	Mrs. Sanjul bharadwaj
17 / 17	Mohit Jamnal	SBV No.1, Bhola Nath Nagar 1001008	Abhinav Shrivastav
17 / 17	Simran Narang 10	Timar Pur-SKV 1207034	Ms. Renu
17 / 17	Jiya maini and 15	Timar Pur-SKV 1207034	Renu
17 / 17	Kajal&12	Timar Pur-SKV 1207034	Kajal
17 / 17	Gunjan Bisht Roll no. 37	Vikas Puri, Block G-SKV 1618019	Ms. Poonam Garg
17 / 17	Ankit Kumar Jha	Sarvodaya Co-ed Vidyalaya Sec. 8 Rohini 1413027	Sanjul Bhardwaj

OVERALL PERFORMANCE OF STUDENTS

Disclaimer : CTFDelhi will not be responsible in any manner for any mistake in test, Marking Scheme etc or on some other issue.

Please tell why DRR is made on 30 th April n not on 31st March?

Now we have started Publishing the Useful Comments and Discussion  as received on  WhatsApp Group for Future reference of Teachers and Students. A Query answered by Sh. ABHISHEK SINGH follow:

 Query 1
1. Please tell why DRR is made on 30 th April n not on 31st March?

Query 2
In which type of questions of own debentures we assume DRR n DRI already exist n where we are supposed to create them.

‌

Reply on Query 1
Dear All
DRR and DRI are two different concepts...
The objective of DRR is to block surplus for redemption perspective.....
To synchronize it, the company should create DRR @25% before the beginning of effective redemption year....
Sequence states DRR should be created first and then DRI...
While DRI is done to make the funds available for payment.
 In accordance to company act and micellaneous rules it should be created by 30th April....
Now, law is silent about the DRI whether created whole or part,  but as per Rule 18 (7)(c)(v) The percentage should not fall below 15% in the year....so to comply law teachers should see that if the redemption is in lumpsum then DRI should be done with value of debentures(ie. In a one go @15%)....but if draw of lots is there it is better to created DRI every year so that the Rule 18 (7)(c)(v) should comply....
Since miscellaneous rule states that DRI 'shall not be less than 15%'....
Nothing prescribed about the maximum amount to be invested in DRI...so the maximum can also be created but since it is new to all teachers and student and we does not assume such a detailed explanation from the students also...it is better to comply with law rather than do research on it......

Reply on Query 2
In regards to purchase of own debentures it is better to see the mark allotted to the question if it is for 3 Mark it is better to shown purchase entry and profit and transfer to profit entry along with this give a one liner note about your assumption that DRR & DRI is existing....
Regards
Abhishek

‌A query whether after amendment of Companies Act, 2013 in May 2015 a company be formed purely on the basis of debts is being asked. ‌

Now we have started Publishing the Useful Comments and Discussion  as received on  WhatsApp Group for Future reference of Teachers and Students. A Query answered by V Wason a Known writer  (Accounts of XI and XII Class).

Good Morning Friends,
‌

‌A query  whether after amendment of Companies Act, 2013 in May 2015 a company be formed purely on the basis of debts is being asked.

‌

‌Answer:
‌

‌The Government  through its Official Gazette dated 25 May 2015 has only omitted the chain of words

‌

‌'of one lakh rupees or such higher paid up share capital' from clause (68)

‌

‌and 'of five lakh rupees or such higher paid up capital' from (71) of section 2 of the Companies Act, 2013.

‌

‌After such omission the definition of Private Comany and Public Company stands as under:

‌

‌Section2(68): "Private Company means a company having a minimum paid up share capital as may be prescribed....."

‌

‌Section 2(71): "Public Company means a company which is not a private company; has a minimum paid up share capital as may be prescribed....."

‌

‌Just because of this  omission this does not mean that there is no requirement for share capital.

‌

‌Correlating this amendment with section 464 of The Companies Act 2013 wherein the limit of maximum no.of persons for forming partnership is 100 though the Central Government has prescribed the maximum no.of persons as 50.

‌

‌Basically,  the amendment in the Principal Act has omitted the quantification of the amount required yet it  still leaves the words 'share capital as may be prescribed' in the definitions of Private and Public Company.

‌

‌More importantly for formation of a company  form INC-29 is required to be filed and requires stamp duty to be paid. Presently, a software which requires these forms to be filed with Ministry of Corporate Affairs still requires a stamp duty to be paid on Rs.100000.

‌

‌Let us imagine a situation, though which is not practical at all,  a company is fully financed through debt.  In this case,  after paying interest to debentureholders, taxes to government the balance i.e. surplus in statement of P/l shall pertain to whom...?????

‌

‌Doe this imply that ratios like EPS, DPS,ROE and concepts like Trading on Equity for which every business concern is always keen to obtain benefit of lower cost over ROI will have no relevance...?????

‌

‌Anyways My Heariest Wishes for HAPPY DIWALI to ALL TEAM MEMBERS.

‌Regards

 by V. WASON

(A Known Writer)