Question 2 :
Trade discount allowed at the time of sale of goods is ________________.

Question 4 :
Which document is issued by a supplier when a customer returns goods?

Question 5 :
Goods sold for cash were returned by a customer but cash was not given immediately. This is recorded in ______________.

Question 6 :
Favourable balance as per cash book means which of the following?

Question 9 :
Second hand machine was purchased for Rs. 1,00,000 through a broker who charged 1%. It was brought to factory after incurring transportation cost of Rs. 2,000 and then was repaired at a cost of Rs. 3,000 and the installed at a cost of Rs. 4,000 to take trial run production which cost Rs. 5,000. The commercial production begun and continued upto 11 months at the end of which, this machine was again repaired at a cost of Rs. 6,000. The amount debited to Machinery Account will be -

Question 11 :
Total of purchases book was Rs. 10,000 short. If rectification is done before preparation of trial balance then which of the following is correct?

Question 12 :
_______are passed for rectifying errors which might have committed in the books of account.

Question 13 :
Returns outwards book was under cast by Rs. 150. If this error located after preparation of final account then which of the following rectification entry is correct?

Question 14 :
After preparing the trial balance the accountant finds that the total of a debit side is short by Rs.2,500. This difference will be _____________.

Question 16 :
Which of the following would be considered as external users of accounting information's?

Question 17 :
ATM cards are issued to a person who maintains any of following accounts with the bank __________________.<span><br/></span>

Question 18 :
Consider the following statements :<br/>A mutual fund helps the investor in securing -<br/>1. Professional management <br/>2. Diversification of risk<br/>3. Steady appreciation<br/>4. Lower cost of operation<br/>Of these statement following is correct :

Question 19 :
Which of the following is not regarded as the fundamental concept that is identified by AS-1?

Question 20 :
Accounts which represent a certain person or group of persons are termed as ___________________.

Question 22 :
Which of the following is not a book of prime entry?

Question 23 :
An international reserve asset created by the IMF taking into account the global need to supplement existing reserves is called ______________.<span><br/></span>

Question 27 :
On October 1, 2001, two machines costing Rs. $20,000$ and Rs. $15,000$ respectively, were purchased.<br>On March 31, 2005, both machines had to be discarded because of damage and had to be replaced by two machines costing Rs. $30,000$ and Rs. $35,000$ respectively.<br>One of the discarded machines was sold for Rs. $10,000$ and against the other it was expected that Rs. $5,000$ would be realized. The firm provides depreciation @$15$% on written down value. Accounting year ends on 31st March<br>The total amount of depreciation written off on the two machines till they are discarded is

Question 31 :
In the absence of specific provision in the partnership deed at what rate salary and remuneration would be paid to the partners __________.

Question 33 :
Total amount of depreciation charged on long term assets is classified as _________________.<span><br/></span>

Question 34 :
Bills Receivable discounted but not due till the date of final account is shown in:

Question 35 :
In case a cheque is dishonored than a drawer is liable to a punishment of

Question 36 :
<span>At the time of renewal of a bill, interest account is in the books of the drawer. </span>

Question 37 :
<span>The period intervening between the date on which a bill is drawn and the date on which it becomes due for payment is called&nbsp;</span>

Question 38 :
At the time of endorsement of a bill, the drawer credits:

Question 39 :
If the drawee pay the bill before its maturity date it is called ___________.

Question 41 :
Everything mentioned below is required to make the endorsement complete EXCEPT:

Question 44 :
The rebate on a bill shows that it has been ____________.

Question 45 :
Which account is debited by a drawee of a bill of exchange on its endorsement?

Question 46 :
On 1.3.2006 X draws a bill on Y for 3 months for Rs20,000. On 4.5.2006, Y pays the bill to X at 12% discount. The amount of discount will be __________.

Question 48 :
A negotiable instrument dated $31st$ January, $2019$, is made payable at one months after date. The instrument is at maturity on ___________.

Question 50 :
If a bill is drawn on 28th January 1996 for 1 month, it will mature on _______________.

Question 52 :
If repair cost is Rs. 50,000, whitewash expenses are Rs. 10,000, cost of extension of building is Rs. 5,00,000 and cost of improvement in electrical wiring system is Rs. 40,000, the amount to be expensed is :

Question 54 :
From the following information calculate - Gross profit = ?, Sales = ?, Purchases = ?<br><table class="wysiwyg-table"><tbody><tr><td>Opening stock</td><td>75,000</td></tr><tr><td>Closing stock</td><td>87,500</td></tr><tr><td>Cost of goods sold</td><td>1,50,000</td></tr><tr><td>Gross profit ratio on sales</td><td>25%</td></tr></tbody></table>