Beruflich Dokumente
Kultur Dokumente
#ENGLISH
Because of
In order to
Despite
None of these
2. __________ loosing the first match, our team has won the world cup.
Because of
In order to
Despite
None of these
Epic
Epoch
Epithet
None of these
4. University professors visit the website wwwsheirorg and ___________ the data.
Inform
Appraise
Apprise
None of these
To
From
Of
None of these
None
Any
Some
None of these
7. Although its publicity has been ___, the film itself is intelligent, well-acted, handsomely produced and
altogether ___
Tasteless … respectable
Extensive … moderate
Sophisticated … moderate
None of these
8. Why are you still sleeping? you 'll be late. _ of bed now.
Get up
Get out
Out
None of these
will purchase
Would purchase
None of these
Who
Whose
Whom
None of these
11. The woman __________ is standing by the table works in electronic media.
Who
Whose
Whom
None of these
12. If humans were totally deprived of sleep, they ________ hallucinations, anxiety, coma, and
eventually, death.
Would experience
Experience
None of these
Both
Either
Until
None of these
No
Nor
Or
None of these
15. Before designing a public park, the architect must __________ the public.
Consider
Considers
Recognize
None of these
16. When she was younger, she __________ five kilometers a day.
Walked
Had walked
None of these
17. To check for acidity, one had better ________ litmus paper.
Use
Using
To use
None of these
And
Or
But
None of these
Other
The other
Another
None of these
Smarter
Smarter than
None of these.
#PROFESSIONAL
Auditing
Vouching
Verification
Checking
Efficiency audit
Cost audit
Cash audit
Organization
Partnership concern
None of these
An assistant to accountant
26. A sale of Rs. 50000 to Mr. A was entered as a sale to Mr. B. This is an example of
Error of omission
Error of commission
Compensating error
Error of principle
Fictitious asset
Intangible asset
Wasting asset
Floating asset
A revenue nature
A capital nature
A secret reserve
Contingency reserve
To verify statements
All the above
30. The cost of the asset after the expiry of its useful life is called___________
Residual value
Expired value
Opening balance
Closing balance
Debit balance
Credit balance
33. The distinction between revenue account and capital account is necessary for the preparation of:
Final accounts
34. Depreciation of machinery will be shown in the profit & loss account under the head of
Selling expense
Administrative Expenses
Marketing expense
Financial expense
35. The accounting system, in which accounting entries are made on the basis of amount having become
due for payment or receipt is known as:
36. Assets which have no physical existence and which cannot be seen, touched or felt are called:
Current assets
Tangible assets
Fictitious assets
Intangible assets
Selling price
Value of stocks
Factory overhead
Selling overhead
Distribution overhead
Administration overhead
40. The ratios which reflect managerial efficiency in handling the assets is__________
Turnover ratios
Profitability ratios
Return on investment
42. ______ involves the sale of used securities from one investor to another
Primary market
Secondary market
Tertiary market
None of these
43. The process of planning and managing a firm's long-term investments is called:
Planning Process
Capital Structure
Capital Budgeting
Managing Process
44. An equal increase in both current assets and current liabilities would
None of these
45. _________are short-term, temporary investments that can be readily converted into cash.
Marketable securities
Cash equivalents
Treasury bills
47. The accounting system, in which accounting entries are made on the basis of amount having become
due for payment or receipt, is known as?
Existence of control
Effectiveness of control
Continuous of control
Designing of control
49. The comparison of net profit with the sales of the same year is
Vertical comparison
Horizontal comparison
None of these
51. When shares are forfeited, the share capital account is debited with the
None of these
52. Two companies X co and y co go into liquidation and a new co z is formed then it is known as----------
----
Absorption
External reconstruction
Amalgamation
None of these
At market price
At par
At discount
At premium
All of these
Profitability ratio
Turnover ratio
57. The ratio which shows the proportion of profits retained in the business out of the current year's
profits is__________
58. Trading & Profit & loss account and balance sheet is prepared from:
Ledger balance
Trial balance
Investments
Assets
Capital
Reserves
60. The process of recording the economic effects of business transactions in a book of
original entry is known as which of the following?
Journalizing
Debit
Posting
20
50
75
None of these
Answer: 20
62. Economic resources of a business that are expected to be of benefit in the future are referred to as
Liabilities
Owner’s equity
Withdrawals
Assets
63. Any expenditure incurred to increase the profit earning capacity of the concern is a Revenue
expenditure
Capital expenditure
None of these
65. Which of the following options indicate how quickly accounts receivables are converted into cash?
66. Which of the following principle deals with the valuation and recording of asset at cost
Entity principle
Matching principle
Cost principle
67. The main electronic component used in first generation computers was
Transistors
Integrated Circuits
None of above
Mainframe Computer
Mini Computers
Micro Computers
Super Computers
70. The auditor is most likely to examine related party transactions very carefully while vouching
Credit sales
sales returns
Credit purchases
Cash purchases
Cost to input
Wages to profit
Cost to output
Input to output
73. The board of directors shall appoint first auditor of a company ___________
Assets
None of these
Deferred income
Accounts receivable
Prepaid expenses
77. The audit is not a necessary requirement for which of thefollowing companies.
Limited companies
Corporation
Sole proprietorship
Partnerships
78. Which of the following feature is shown by the income statement for a merchandising
company?
Gross profit
Cash
Accounts receivables
Insurance expense
Accounts payable
Journal entry
Adjusting entry
Reversing entry
81. A bank offers 20% compounded monthly. What would be the effective annual rates of return?
20.00%
20.50%
21.00%
21.99%
Personal account
Real asccount
Nominal acccount
Asset account
Balance sheet
Profit & loss account
Trading account
None of these
Capital expenditure
Revenue expenditure
None of these
Inventory
Accounts payable
Accounts receivable
Depreciation
Authorized capital
Issued capital
Paid up capital
None of these
89. Wages are paid to a labour, who was engaged in production activities can be termed as
Direct cost
Indirect cost
Sunk cost
imputed cost
90. The ratios which reveal the final result of the managerial policies and performance is
Turnover ratios
Profitability ratios
Rs. 7936
Rs. 7353
Rs. 8333
Rs. 9090
92. Which of the following term refers to the use of debt financing?
Operating Leverage
Financial Leverage
Manufacturing Leverage
93. Which of the following statement shows assets, liabilities and net worth as on a specific date?
Income Statement
Balance Sheet
Sole proprietorship
Partnership
Co-operative society
95. In which type of business, all owners share in gains ans losses and all have unlimited liabilities for all
business debts?
Sole proprietorship
General partnership
Limited partnership
Corporation
96. A borrower is able to pay Rs. 40000 in 5 years. Given a discount rate of 12 percent. What amount of
money the lender should lend?
Rs. 14,186
Rs. 18,256
Rs. 22,697
Rs. 28,253
2% to 8%
4% to 25%
5% to 20%
10% to 50%
Which one of the following is the rate of return that firm’s creditors demand on new borrowing?
Cost of debt
99. The difference between an investments’ market value and its cost is called ----------- of the
investment?
Economic value
Book value
Future value
100. A model which makes an assumption about the futue growth of dividends is known as
All of these