Class 12th Revision Test.docx

Class 12th Time :1 hr

Revision Test -2

Q.1. River, Well, Spring and Lake are in partnership. They have mutually agreed to: (i) Allow interest on capital @ 15% pa. (ii) Charge interest on drawings @10% p.a. (iii) Accept Well’s claim for a salary of ₹6,000 p.m. f or six months only. (iv) Give an annual allowance of ₹1,500 per two months per partner. (v) River and Well have each contributed equally towards the total loan of ₹10,00,000 borrowed by the firm from them. (vi) ₹ 20,000 p.a. is to be set aside as Reserve if the net profit available for  appropriation is greater than ₹ 4,50,000. (vii) For sharing the residue of the profits, River’s profit share is 50%. Well, 50%. Well, Spring and Lake get their share from the remaining profit in the ratio of 2: 2:1. The required data for the 1.4.2016 to 31.3.2017 is: (a) Capital (as on 1.4.16)- River ₹ 6,00,000, Well ₹ 4,00,000, Spring and Lake ₹5,00,000 each. (b) Each withdrew 10% of their opening capital balances as on 1.4.2016 as drawings for the year. (c) The net profit before interest is ₹ 5,06,000. The scrutiny reveals that the partner’s annual allowance was debited in the P/L account and ₹20,000 payable to the business manager as his special commission has not been accounted at all. Prepare P/L App. Account Account and capital capital accounts. accounts. Ques 2 M/s Blue Chips Ltd. issued issued 5000 equity shares shares of Rs.100 each at a premium of of st Rs.25 per share. On 1  January 2000, the company received 12000 applications on which 2000 applications were totally rejected and their amount was refunded on 1st  February 2000 when the remaining applicants were allotted shares on pro rata basis. The amount of shares received is as under: On application Rs.30, on allotment Rs.45 (including premium), on first call Rs.25 and on second call Rs.25.  Allotment money was received received in full on 15th February. First call was made on 15th May, 2000 and received on 1 st June 2000 except on 25 shares held by Mr. Govind. His shares were forfeited on 1st October 2000 and reissued on 15th  October2000 credited at Rs.75 paid for Rs.110 per share to Mr.  Anand. Final call was made on 1st November and received on 15 th November except on 100 shares held by Mr. Binu. Pass journal entries and also prepare share forfeiture , call in arrear and share capital accounts.

The theory of Multiple Intelligence: Intelligence is the aggregate or global capacity of an individual to act purposefully, think rationally and deal effectively with the environment. Howard Gardner gave the theory of multiple intelligence. It is based on Charles Spearman two factor theory/different entities independent of each other The seven kinds o f intelligence: 1. Linguistic Intelligence –   linguistic competence abilities, talents and skills available in • It is responsible for all kinds of  linguistic human beings. • It is best broken down into components of syntax, semantics, pragmatics as well as school oriented skills such as written or o r oral expression and understanding. • Profession- Authors, Writers, Lyricists. 2. Logical- Mathematical Intelligence – • It is responsible for all types of abilities, talents, skills in the area of logic and mathematics. • It is best broken down into components like deductive reasoning, inductive reasoning, scientific thinking – solving logical puzzles, carrying out calculations. • Profession – Mathematicians, Accountants. 3. Visual- Spatial Intelligence – • Concerned with the abilities, talents and skills involving the representation and manipulation of spatial configuration and relationships. • Profession – Fashion designers, interior designers, painters. 4. Musical Intelligence  – • Covers abilities, talents, & skills pertaining to the field of music. • Demonstrated through one’s capacity for  pitch discrimination, sensitivity to rhythm, texture and timbre, ability to hear and produce music. • Profession- Music directors, singers, composers. 5. Bodily -Kinesthetic Intelligence – • It is concerned with the abilities, talents and skills involved in using one’s body parts or its various parts to perform skilful and purposeful movements. • Profession- Dancers, athletes. 6. Intra-personal Intelligence  – • Consists of an individual’s abilities to enable him to know himself. • It includes knowledge and understanding of one’s own cognitive strengths, styles, and mental functioning, as well as, range of emotions and skills to utilize one’s fund of knowledge in practical situation. • It provides an insight into one’s total behaviour. • It is therefore said to be the most private nature whose access is through selfexpression. • E.g. – Yogis, saints 7. Inter-personal intelligence – • Consists of abilities to understand individuals other than oneself and one’s relation to others. • Profession – Psychotherapies, teachers, politicians. OR Intelligence is the aggregate or global capacity of an individual to act purposefully, think rationally and deal effectively with the environment. Howard Gardener gave the theory of multiple intelligence. It is based on Charles Spearman two factor theory. The seven kinds of intelligence: 1. Linguistic Intelligence – • It is responsible for all kinds of linguistic competence abilities, talents and skills available in human beings. • It is best broken down into components of syntax, semantics, pragmatics as well as school oriented skills such as written or oral expression and understanding. • Profession- Authors, Writers, Lyricists. 2. Logical- Mathematical Intelligence – • It is responsible for all types of abilities, talents, skills in the area of logic and mathematics. • It is best broken down into components like deductive reasoning, inductive reasoning, scientific thinking – solving logical puzzles, carrying out calculations. • Profession – Mathematicians, Accountants. 3. Visual- Spatial Intelligence –

• Concerned with the abilities, talents and skills involving the representation and manipulation of spatial configuration and relationships. • Profession – Fashion designers, interior designers, painters. 4. Musical Intelligence – • Covers abilities, talents, & skills pertaining to the field of music. • Demonstrated through one’s capacity for pitch discrimination, sensitivity to rhythm, texture& timbre, ability to hear and produce music. • Profession- Music directors, singers, composers. 5. Bodily-Kinesthetic Intelligence  – • It is concerned with the abilities, talents and skills involved in using one’s body parts or its various parts to perform skilful and purposeful movements. • Profession- Dancers, athletes. 6. Intra-personal Intelligence  – • Consists of an individual’s abilities to enable him to know himself. • It includes knowledge and understanding of one’s own cognitive strengths, styles, and mental functioning, as well as, range of emotions and skills to utilize one’s fund of knowledge in practical situation. • It provides an insight into one’s total behaviour. • It is therefore said to be the most private nature whose access i s through selfexpression. • E.g. – Yogis, saints 7. Inter-personal intelligence – • Consists of abilities to understand individuals other than oneself and one’s relation to others. • Profession – Psychotherapies, teachers, politicians. Naturalistic Intelligence  – • This was added in 1995. • It consists of the ability to recognize flora and fauna, to make consequential distinctions in the natural world, to nurture one’s natural environment. • Professions – Botany, zoologist. 9. Existential Intelligence  – The ability to understand spiritual world. However this is being explored still.

Robert Sternberg (1985) proposed the Triarchic Theory of intelligence (Modern/Information Processing). Sternberg views intelligence as “the ability to adapt, to shape and select environment to accomplish one’s goals and those of one’s society and culture”. According to this theory, there are three basic types of intelligence: Componential, Experiential and Contextual. • Componential Intelligence:  Componential or analytical intelligence is the analysis of information to solve  problems. Persons high on this ability think analytically and critically and succeed in schools. This intelligence has three components, each serving a different function. First is the knowledge acquisition component, which is responsible for learning and acquisition of the ways of doing things. The second is the meta or a higher order component (Meta component),  which involves planning concerning what to do and how to do. The third is the performance component , which involves actually doing things. For e.g. professors are high on this aspect of intelligence. (Encoding, inferring, mapping, justification, application, response) • Experiential Intelligence: Experiential or creative intelligence is involved in using past experiences creatively to solve novel problems. It is reflected in creative performance. Persons high on this aspect integrate different experiences in an original way to make new discoveries and inventions. They quickly find out which information is crucial in a given situation. • Contextual Intelligence:   Contextual or practical intelligence involves the ability to deal with environmental demands encountered on a daily basis. It may be called ‘street smartness’ or ‘business sense’. Persons high on this aspect easily adapt to their present environment or select a more favourable environment than the existing one, or modify the environment to fit their needs. Therefore, they turn out to be successful in life. Sternberg’s triarchic theory of intelligence represents the information processing approach to understand intelligence.