Skip to main content

Posts

Showing posts from July, 2011

joint venture practice paper

1.        Madhav and Pranav entered into a joint venture to buy and sell fire crackers in the Diwali festival and share the profit or loss in the ratio of 3:2 respectively. Madhav contributed Rs. 20000 and the amount was deposited in a bank a/c. They purchased firecrackers of different varieties and types worth Rs. 40000 and paid for them from the Joint Bank A/c. Madhav paid rent of shop of Rs. 500 from his private cash. Pranav spent Rs. 400 on various minor expenses from his pocket. All the firecrackers except firecrackers worth Rs. 1000 were sold in the shop for Rs. 70,000 and amount so callected was deposited into the joint bank. Remaining firecrackers were taken over by Madhav and Pranav for Rs. 450 and Rs. 400 respectively. Prepare the joint venture a/c, coventurers a/c and joint bank account. 2.        Patil and Pandit entered into a Joint venture to purchase and sale of computers. They share profits and losses in the proportion of 1:2, Patil contributed Rs. 8,00,000 and Pandit R

Pronouns (Personal, Possessive, Relative and Reflexive Pronouns)

Pronouns (Personal, Possessive, Relative and Reflexive Pronouns) Pronouns are words like I, me (personal pronouns) or my, mine (possessive pronouns). Personal Pronouns Possessive Adjectives and Pronouns Reflexive Pronouns subject form object form possessive adjective possessive pronoun I me my mine myself you you your yours yourself he him his his himself she her her hers herself it it its its itself we us our ours ourselves you you your yours yourselves they them their theirs themselves We use relative clauses to give additional information about something without starting another sentence. By combining sentences with a relative clause, your text becomes more fluent and you can avoid repeating certain words. How to Form Relative Clauses Imagine, a girl is talking to Tom. You want to know who she is and ask a friend whether he knows her. You could say: A girl is talking to Tom. Do you know the girl? That sounds rather complicated, doesn't it? It would be easier with a relative clau

proverbs with explanation

Honesty is The Best Policy Honesty is a policy that prays in the long run. There is the story of Lord Alfred Dreyfuss of France who was convicted for being a spy. He spent years in a jail far away from his native land and his countrymen hated him. Then one day the real spy got his story published and the truth came out. Lord Alfred was restored to his original status with all honours and the nation was ashamed of the way it treated him. All through the trial Lord Dreyfuss kept on saying that he was innocent. Every religion tells us that we must be honest. No one likes dishonest people because they cannot be trusted. The truth is always so simple. Dishonesty is like a web that has no beginning and no end. Sometimes we are punished for being honest, but it is nothing compared to the pain and suffering we cause due to dishonesty. Gandhiji laid great emphasis on the need to be truthful in words and deeds. His life throughout was a struggle to uphold the virtue of truth. A truthful man can

Actions speak louder than words.

It is our common experience to hear politicians make tall promise before elections, and to conveniently forget them after they are elected. Their actions do not match their words. That is why we do not trust them. Words sound good. But actions prove the genuineness of one intentions. In olden times a man’s word was a matter of honour, even unto the point of death. In modern times, people make all kinds of big promises which they have little intention of keeping. People like to say nice thing to give a good impression of themselves. But once they have left the place they think nothing of what they claim to do. We can only call such person a cheater or a liar. A person who says one thing and does something to the contrary is a highly irresponsible person, and ought not to be trusted. We too should develop the habit of matching our actions with words at all times

Examination a necessary evil.

Most student dread the word ‘ examinations ‘. But this is something they have to face right from primary school to higher centres of learning. They would probably heave a great sigh of relief if the word was altogether deleted from the dictionary!. The reasons are not far to seek. the whole career of a student depends on what he is able to write during the short course of an examination. If he suddenly takes ill or is unlucky enough to get a tough question-paper, he fails, and his future is ruined. Examiners have no knowledge of his all-round performance during the academic year. they go just by what is written in the answer-paper under very tense conditions. Again, assessment varies from examiner to examiner. It does not, in any way,reflect the real merit of the students. Examinations kill students genuine interest in study and give importance only to cramming. Examinations have become mere games of chance and guessing. All this is admitted by everyone. Yet no other method of testing

Health is Wealth

What is the use of having millions and billions in one’s bank account and yet not enjoying good health? A healthy man can enjoy the benefits of his wealth. But a wealthy man will always followed by physical complaints if he is not healthy. In fact, if you are ever asked to choose between the two, always opt for good health. because health can give wealth, but wealth does not ensure health. very often the desperate search for wealth makes a man unhappy. It brings along with it stress, high cholesterol, high blood pressure, ulcer and diabetes. It deprives a man the necessary physical exercise. It makes him follow unhealthy food habit in the name of saving time. As a result he has to spend the later part of his life in and out of hospitals and undergoing expensive operations in order to keep himself alive. Finally he dies a stressful premature death. And all the wealth he has accumulated is distributed amongst his heirs. rather he could have enjoyed his wealth while he had lived if only h

Practice Makes Perfect

You cannot become a world-class musician unless you take up your instrument and play on it daily for hours together. You cannot become a Tendulkar merely through inborn skill. You have to go to the nets every day for hours to practise. You need a coach to guide you an tell you where you go wrong. Merit-holders in board examinations do not achieve their marks by pure inspiration. They have studied throughout the year and revised and re-revised and made themselves perfect in whatever they have set out to study. It is only regular practice that makes one perfect. If you don’t practise your work regularly, you will, at the most, be average in your performance. You will not win prizes or medals or awards. the most difficult task can be performaed by anyone if they take the trouble to practise daily and regularly. In fact, you can achieve almost anything with practice. If you don’t practise your work regularly, you will, at the most, be average in your performance. You will not win prizes or

Prevention is better that cure.

A young man sometimes handles a razor blade carelessly, cuts his finger, allows the cut to go septic and, when the pain is unbearable, consult a doctor. The doctor prescribes a prolonged and costly treatment. Would it not have been better for him to have taken due precaution while using the blade? We can always protect ourselves against common ailments and diseases with proper precautionary, preventive measure. But very often, something within us makes us ignore the possibility of trouble, even after we have seen the first symptoms of trouble. The result, very often, is that the trouble is aggravated and we egret our neglect when it is only too late. A man’s lack of foresight often lands him in serious trouble. Sayings such as  ‘ Nip the mischief in the bud ‘, ‘ A stitch in time saves nine ‘ advise us to take prompt steps against impending trouble and ward them off right at the start. But even sounder is the proverb ‘Prevention is better than cure’ that advises us to take precaution so

Slow and steady wins the race.

The famous fable about the tortoise and the hare brings out the singular truth that slow and steady wins the race. Haste only make waste, or result in haphazard or shoddy work. This is especially true for students.Daily regular study delivers good results. Those students who wants to complete their homework quickly just in order to play a match with their friends, finally learn little or nothing. This is true even while attempting an examination paper. Hasty writing of answer can lead to the making of careless mistakes, and will only result in low marks for the students. If a director wishes to make a film in a hurry, he will have a shoddy product in his hand. But if he plans the script, the locations and the cast and takes rehearsals before going to the sets for shooting,he or she is sure to come out fantastic product. This is true for all great ventures, including the construction of a building. It is better to draw the blueprint first. Then comes the laying of the foundation, and fi

Cleanlines is Next to Godliness

An unclean environment is an insult to the Creator. Everything that God has created is beautiful, and nature has in it the power to follow the norms of hygiene and sanitation. It is only man who makes his environment dirty and, very often, and for reasons best known to himself, is happy to keep it that way. When you go to a place of religious worship, don’t you bathe first ? Don’t you put on your clothes? Remember, this world is our temple and the first norm of cleanliness that we must follow is that of personal hygiene.This involves keeping one’s body, clothes, belongings and home clean. This prevents diseases and prolongs life and its quality. It also makes the mind fresh and open to do better work. Cleanliness must also extend toward the neighbourhood and the environment in general. For this, one must develop clean social and civic habits. It is wrong to spit on the roads, urinate in public or throw litter anywhere you please. By doing such things we are defacing the property that b

One good turn deserves another.

When someone does you a good deed, you must never forget it. You must look out for the opportunity to do a good deed to that person. If you do not get that opportunity then you must pass on the good deed to someone else. It is quite a strange fact of life, that a good deed done to another always bring some kind of reward to the person who has done the good deed. Hence you must always return good with good. There is a simple satisfaction in doing good to other. There is a wonderful poem about a man who helps an old woman across the street. The woman blesses him for helping her. At the end of the poem the man expresses the fond hope that some young man like himself will help his mother when she is in trouble. Therefore, one should never hesitate to do good for others. For one good turn deserves another!