Question 4 :
Credit granting institutions take decisions based on the________ performance of the undertakings.

Question 7 :
'Calls in arrears' is shown in the balance sheet on the liability side _____________.

Question 8 :
Fire Insurance premium paid on $1st$ October $2011$ for the year ended on $30th$ September, $2012$ was Rs.$2,400$ and Fire Insurance premium paid on $1st$ October, $2012$ for the year ending on $30th$ September, $2013$ was Rs.$3200$. Fire Insurance premium paid as shown in the profit and loss account for the accounting year ended $31st$ December, $2012$ would be__________.

Question 12 :
___________ of the companies are interested in knowing the status, safety and return on their investment.

Question 13 :
Trade associations may analyse the financial statements for the purpose of providing service and protection to the _________.

Question 15 :
Financial statements provide information to _________ in taking important decision related to the value of investment.

Question 16 :
The financial statements enable the ___________ to judge the financial position of different concerns and take decisions about the prices to be quoted.

Question 17 :
A person who is indebted to the company for which amount cannot be appointed to set as an auditor of a company?

Question 18 :
An equipment was purchased on 1st January, 2012 for Rs. 25,000 and is to be depreciated at 30% based on reducing balance method. If the company closes its books of account on 31st March every year, what would be the net book value-of the equipment as at 31 * December, 2013 ______________.

Question 19 :
____________ may develop standard ratios and design uniform system of accounts.

Question 20 :
The investors include both ________ and _________ investors under basis for prospective investors.

Question 21 :
Pooling of interest method is applicable for amalgamation in the nature of _____.

Question 22 :
Financial statements are the outcome of recorded facts, accounting concepts and conventions used and personal judgement made in different situations by the _________.

Question 23 :
 Financial statements, provide the necessary information about the performance of the ____________.

Question 24 :
The gaps between the management performance and ownership expectations are understood through _________.

Question 26 :
The financial statements enable the stock brokers to take decisions about the ______________.

Question 31 :
As financial statements do not show aggregate information, it may not help the ________ in decision-making much.

Question 32 :
Since the purchasing power of money is changing, the value of assets and liabilities shown in financial statement does not reflect ________ market situation.

Question 37 :
While finalising the Financial Accounts XYZ Associates did not consideration the financial condition of a debtor amounting to Rs.25,000 who has been declared insolvent. How does this affect the true and fair view of the financial results of XYZ Associates.

Question 38 :
Which of the following reserves cannot be distributed as dividend to share holders?

Question 39 :
Which of the following does not represent application of fund of a company?

Question 40 :
In the case of joint stock companies, the assets and liabilities in B/s are arranged in the order of _________.

Question 41 :
Which of the following are the objective of financial statements?<br>A. To provide information about economic resources and obligations of a business.<br>B. To provide information about the earning capacity of the business.<br>C. To not judge effectiveness of management.<br>D. Disclosing accounting policies.

Question 42 :
Assertion: The financial statements prepared on historical cost basis result into an erosion of capital in the long run. Reason: Maintaining the books of accounts as per Current Purchasing Power Technique only may contain the inflationary pressure.<br><br>In the context of above two statements, which one of the following is correct one?

Question 43 :
Match list I with list II and select the correct answer using the codes given below the list:<br> LIST I list II<br>X.Discount on debentures 1.Current Liability<br>Y.Forfeited Capital 2. Non-Current Assets<br>Z.Income tax payable 3. Current Assets<br>W.Debtors acceptance 4.Non Current Liability<br>The correct option is:<br>

Question 44 :
Faina Electronics Pvt. Ltd. provides following information regarding an item<br>Normal usages:50 per week<br>Maximum usages : 75 per week<br>Minimum usages : 25 per week<br>Re-order quantity : 300<br>Re-order period : 4 to 6 weeks<br>What will be the Re-order-Level of the company ?<br>

Question 46 :
The amount set aside to meet the loss of bad debt is __________.

Question 47 :
Which of the following reserve does not appear in the balance sheet of a company?

Question 49 :
Which of the following represents source of fund in the balance sheet of a company?

Question 51 :
Fictitious assets are shown on the asset side of the balance sheet of a company under the heading ________.

Question 52 :
Calls in advance is shown in the balance sheet as _______.

Question 56 :
Match List-I with List-II and select the correct answer using the codes given below the lists:<table class="wysiwyg-table"><tbody><tr><td>List-I (Item of balance sheet of company)</td><td>List-II (Heading of balance sheet)</td></tr><tr><td>a. Preliminary expenses</td><td>1. Current liabilities</td></tr><tr><td><div style="margin-right: 0px;" dir="ltr">b. Other liabilities</div></td><td>2. Current asset</td></tr><tr><td>c. Loose Tools</td><td>3. Misc.Expenditure</td></tr><tr><td>d. Bill of Exchange</td><td>4. Loan &amp; Advances</td></tr></tbody></table>