81. When shares are forfeited, share capital account is debited by:
(A) Issue price of shares
(B) Called up amount of shares
(C) Paid-up amount of shares
(D) Market price of share
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82. If the loan from wife is assumed to be given out of her personal property, then position of such loan is like :
(A) Unsecured creditor
(B) Preferential creditor
(C) Fully secured creditor
(D) Partly secured creditor
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83. A.D.R.s are issued in :
(A) Canada
(B) China
(C) India
(D) United States of America
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84. Opening capital ₹45,000, closing capital ₹75,000, withdrawal 10,000 and fresh capital ₹5,000. Profit will be :
(A) ₹1,05,000
(B) ₹25,000
(C) ₹15,000
(D) ₹35,000
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85. Depreciation is provided on :
(A) Fixed assets
(B) Current assets
(C) Intangible assets
(D) All of the above
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86. Human resource management include(s).
(A) Recruitment
(B) Selection
(C) Training
(D) All of the above
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87. Internal auditor is appointed by
(A) Board of Directors
(B) Shareholders
(C) Control Government
(D) Company Secretary
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88. In which section of Indian Contract Act, a contract without consideration is void :
(A) Section 25
(B) Section 10
(C) Section 23
(D) Section 2(d)
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89. Rebate on bill discounted is
(A) An income
(B) An income received in advance
(C) Accrued income
(D) Liability
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90. Sales to Ram ₹500 posted to his account as ₹50 would affect :
(A) Sales account
(B) Ram’s account
(C) Cash account
(D) Profit & Loss account
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91. Who has coined the net operating income theory of capital structure ?
(A) Gordon
(B) Hudson
(C) Durand
(D) Walter
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92. A citizen of India, who goes abroad for the purpose of employment, he must stay in India to become resident at least :
(A) 182 days
(B) 90 days
(C) 60 days
(D) 180 days
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93. Formula for operating leverage is :
(A) E.B.I.T. / P.B.T.
(B) C./ E.B.LT
(C) B.E.P. / E B.I.T.
(D) None of the above
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94. Which one of the following is not a non-cash item ?
(A) Provision for bad debts
(B) Goodwill written off
(C) Depreciation
(D) Cash sales
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95. High financial leverage is a blessing when :
(A) The earnings are more than the cost of debt
(B) Earnings are less than the cost of debt
(C) Earnings equals the cost of capital
(D) There is inflation
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96. Trial balance discloses :
(A) Errors of omission
(B) Errors of commission
(C) Errors of principles
(D) Errors of balances.
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97. Purchased a machinery for ₹2,000 but debited to purchase account is :
(A) Clerical error
(B) Error of principle
(C) Compensating error
(D) None of the above
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98. Test checking reduces the :
(A) Work of an auditor
(B) Liability of an auditor
(C) Both (A) and (B)
(D) None of the above
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99. In which policy of working capital management, the permanent current assets are financed by short term financing ?
(A) Conservative policy
(B) Aggressive policy
(C) Moderate policy
(D) All of the above.
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100. Who has given the formula P = D/(Ke – g) determining dividend policy?
(A) Modigliani – Miller
(B) James E. Walter
(C) Myron Gordon
(D) David Durand
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Question no. 29 ka answer wrong diye ho.
Question 18 ka answer wrong hai iska right Ans option ‘C’ hai