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Question

Philips Collip discovered which of the following hormones?

A
Parathyroid hormone
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B
Thyroxine
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C
ADH
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D
Oxytocin
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Solution

The correct option is A Parathyroid hormone
Bovine parathormone is a large polypeptide having 84 amino-acids. It was discovered and purified by Philips Collip in 1925.

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Q. Following is the summarised Balance Sheet of Philips India Ltd. as at 31st March 2018:

Particulars ulars

Note No.
31st March, 2018
(₹)
31st March, 2017
(₹)
I. EQUITY AND LIABILITIES
1. Shareholders' Funds
(a) Share Capital
13,50,000 13,50,000
(b) Reserves and Surplus
1 11,34,000 10,68,000
2. Non-Current Liabilities
Long-term Borrowings: 10% Mortgage Loan
8,10,000 ...
3. Current Liabilities
(a) Trade Payables (Creditors)
4,20,000 5,04,000
(b) Short-term Provisions:
Provision for Tax
30,000 2,25,000
Total Total Expenses
37,26,000 31,47,000
II. ASSETS
1, Non-Current Assets
(a) Fixed Assets (Tangible)
9,60,000 12,00,000
(b) Non-Current Investments
1,80,000 1,50,000
2. Current Assets
(a) Current Investments
21,000 17,000
(b) Inventories
63,30,000 7,82,000
(c) Trade Receivables
13,65,000 6,30,000
(c) Cash and Cash Equivalents
5,70,00 4,30,000
Total
37,26,000 31,47,000
Notes to Accounts

Particulars

31st March, 2018
(₹)
31st March, 2017
(₹)
I. Reserves and Surplus
General Reserve
9,30,000 9,00,000
Surplus, i.e., Balance in Statement of Profit and Loss
2,04,000 1,68,000
11,34,000 10,68,000
Additional Information:
1. Investments costing ₹ 24,000 were sold during the year for ₹ 25,5000.
2. Provistion for Tax made during the year was ₹ 27,000.
3. During the year, a part of the Fixed Assets costing ₹ 30,000 was sold for ₹ 36,000. The rofits were included in the Statement of Profit and Loss.
4. The Interim Dividend paid during the year amounted to ₹ 1,20,000.
You are required to prepare Cash Flow Statement.
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