1. Due to coordination-”

2. The object of -˜Agenda-™ is to inform-”

3. The present World Economic Depression first of all started from which country ?

4. V. V. Bros. purchased a machine on 1st October 2003 at cost Rs. 270000 and spent Rs. 30000 on its installation. The firm written off depreciation 10% per annum on original cost every year. The books are closed on 31st March every year. The machine is sold on 30 September 2006 for Rs. 190000. How much amount will be transferred to P & L A/c as loss on sale of machinery ?

5. Blue Chips Shares mean-”

6. Recording of capital contributed by the owner as liability ensures the adherence of principle of-”

7. FEMA stands for-”

8. Internal check means-”

9. If the goods purchased are in transit then the Journal Entry at the end of the period will be-”

10. By whom from the following auditor can be reappointed ?

11. A company invited application for subscription of 5000 shares. The application were received for 6000 shares. The shares were allotted on pro-rata basis. If X has applied for 180 shares how many shares would be allotted to him ?

12. In common size Balance Sheet analysis we evaluate-”

13. Which of the following statement is correct ?

14. A company has a separate legal existence from its members. This principle was first laid down in case of-”

15. -œThe position of a Company Secretary is like that of a hub in a bicycle wheel." This statement shows the-”

16. The first Secretary of the company is appointed by-”

17. Fire Insurance is based on the principle of-”

18. A fire occurred in the premises of -˜M-™ Ltd. on 30th September 2007. The stock was destroyed except to the extent of Rs. 10000. From the information given below calculate the value of stock burnt by fire on 30th September 2007. Stock on 1st April 2006 Rs. 90000 Purchases less returns during 2006-07-”1000000 Sales less returns during 2006-07 1500000; Stock on 31st March 2007-”180000 Purchases less returns from 1st April 2007 to 30th September 2007 700000. Sales less returns from 1st April 2007 to 30th September 2007 1000000. It was the practice of the company to value stock less 10%-”

19. It is given that cost of stock is Rs. 100. However its market price is Rs. 98 (buying) and Rs. 140 (selling). If the market price is interpreted as the replacement cost then the stock should be valued at-”

20. Share premium account can be used for-”

21. -˜Carrot and Stick-™ principle is given in Theory-”

22. Audit adopted by banking company is-”

23. Out of the following forms which form of organisation is the oldest one ?

24. Auditor shall be punished with imprisonment for a maximum period of -¦-¦-¦ under Section 539 for falsification in the books of accounts.

25. Total sales is Rs. 760000 cash sales Rs. 30000 collection period is 25 days debtors at Balance Sheet date will be-”