61. Branch adjustment account is prepared by :
(A) Dependent branch
(B) Head office of dependent branch
(C) Head office of independent branch
(D) None of the above
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62. If profit is 25% on cost price, then profit on sale price will be :
(A) 20%
(B) 30%
(C) 33%
(D) 40%
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63. Which of the following is not a cash inflow ?
(A) Decrease in trade receivables
(B) Issue of shares
(C) Decrease in trade payables
(D) Sale of fixed assets
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64. If the shares are forfeited the share capital account is debited by:
(A) Face value of shares
(B) Paid up value of the shares
(C) Called up value of the shared
(D) Issue price of the shares
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65. Which of the following is a source of funds ?
(A) Issue of equity shares
(B) Issue of preference shares
(C) Issue of debentures
(D) All of the above
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66. Under which section a company auditor is appointed ?
(A) 224
(B) 228
(C) 230(a)
(D) 251
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67. Discount allowed on the re-issue of forfeited shares cannot exceed :
(A) 10% of the paid up capital
(B) 10% of the capital re-issued
(C) The amount received on forfeited share
(D) The amount not received on forfeited shares
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68. Balance of forfeited shares account after reissue of forfeited shares is transferred to :
(A) Statement of profit and loss
(B) Capital reserve account
(C) General reserve account
(D) None of the above
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69. Y Ltd. is the subsidiary of X Ltd. the subsidiary of Y Ltd. The relation between X Ltd, and Y Ltd, is that of:
(A) No relation between X Ltd. and Z Ltd.
(B) X Ltd. is the holding company of Z Ltd. but Z Ltd. is not its subsidiary company
(C) Z Ltd. is also a subsidiary of X Ltd.
(D) Y Ltd. is the subsidiary of both the companies
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70. The term ‘Fund’ as used in fund flow analysis means :
(A) Cash only
(B) Total Assets
(C) General Reserve
(D) Current Assets – Current Liabilities
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71. Which of the following ratios are taken into consideration by a banker before sanctioning the loan?
(A) Proprietary ratio
(B) Stock – Turnover ratio
(C) Debt – Equity ratio
(D) All of the above
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72. Which type of audit is conducted throughout the year?
(A) Annual audit
(B) Interim audit
(C) Continuous audit
(D) Complete audit
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73. Winding up of the company is by:
(A) Closure of business
(B) Sale of assets
(C) End of legal existence
(D) Articles
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74. Contribution / Earning Before Interest and Taxes (EBIT) = ?
(A) Financial leverage
(B) Operating leverage
(C) Composite leverage
(D) None of the above
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75. According to the cost concept, that the assets are always valued at :
(A) On cost price
(B) On market price
(C) On purchase price
(D) None of the above
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76. Gratuity received by a government employee is :
(A) Fully taxable
(B) Exempted up to 5,00,000
(C) Exempted up to 20,00,000
(D) Exempted up to 3,50,000
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77. Fixed cost per unit increases when :
(A) Scale of production decreases
(B) Scale of production increases
(C) Both (A) and (B)
(D) None of the above
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78. The person who first published the principles of doubles entry system was?
(A) Lucas Pacioli
(B) Alfred Marshall
(C) F.W. Tayler
(D) Henry Fayol
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79. An agreement without consideration is :
(A) Valid
(B) Voidable
(C) Void
(D) None of the above
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80. Under which heading of balance sheet, is general reserve shown ?
(A) Share capital
(B) Reserve and surplus
(C) Miscellaneous expenditure
(D) None of the above
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Question no. 29 ka answer wrong diye ho.
Question 18 ka answer wrong hai iska right Ans option ‘C’ hai