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

2. Internal check means-”

3. The Section 80A of the Companies-™ Act is related with the redemption of-”

4. Depletion method of depreciation is used in case of-”

5. Blue Chips Shares mean-”

6. The Life Insurance in India was nationalised in the year-”

7. Ploughing-back of profits means-”

8. Appointment of full time Company Secretary is compulsory in all those companies - whose paidup share capital is-”

9. Net profit after interest and Tax Rs. 40 - 000 - Depreciation Rs. 5 - 000 - Rate of Income Tax 50% - 10% Mortgage Debentures Rs. 60 - 000. Fixed Interest Charges Rs. 6 - 000 - Debenture Redemption Fund Appropriation of Outstanding Debentures 10%.

10. Average stock of firm is Rs. 80 - 000 - the opening stock is Rs. 10 - 000 less than closing stock. Find opening stock.

11. In Need Hierarchy Theory of Abraham H. Maslow - Self Actualisation needs are at level-”

12. The following information is obtained from the records of K Co. Ltd.-” Sales (1 - 00 - 000 units) Rs. 1 - 00 - 000 Variable cost Rs. 40 - 000 Fixed cost Rs. 30 - 000 Find out margin of safety.

13. -œA body of persons elected or appointed to meet on an organised basis for the discussion and dealing of matters brought before it.- It is called-”

14. In order to reduce the risk of heavy insurance the insurer passes on some business to the other company - it is called-”

15. An annual general meeting may be called after giving shorter notice instead of 21 clear days - if consent is accorded by-”

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

17. By whom from the following - auditor can be reappointed ?

18. A company invited application for subscription of 5 - 000 shares. The application were received for 6 - 000 shares. The shares were allotted on pro-rata basis. If X has applied for 180 shares how many shares would be allotted to him ?

19. Current Ratio is 3-¢75 - Acid Test Ratio is 1-¢25 Stock Rs. 3 - 75 - 000 - calculate working capital.

20. Verification includes-”

21. Accounting for Intangible Assets are related to-”

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

23. Net Profit as per P & L A/c-”Rs. 2 - 40 - 000; Depreciation-”Rs. 80 - 000; Goodwill written-off-”Rs. 40 - 000 - Profit on Sale of Fixed Assets-”Rs. 16 - 000 - Proposed Dividend-”Rs. 96 - 000. The fund from operation would be-”

24. A fire occurred in the premises of -˜M-™ Ltd. on 30th September - 2007. The stock was destroyed except to the extent of Rs. 10 - 000. From the information given below - calculate the value of stock burnt by fire on 30th September - 2007. Stock on 1st April 2006 - Rs. 90 - 000 - Purchases less returns during 2006-07-”10 - 00 - 000 - Sales less returns during 2006-07 - 15 - 00 - 000; Stock on 31st March - 2007-”1 - 80 - 000 - Purchases less returns from 1st April 2007 to 30th September 2007 - 7 - 00 - 000. Sales less returns from 1st April - 2007 to 30th September 2007 - 10 - 00 - 000. It was the practice of the company to value stock less 10%-”

25. The following figures are presented to you-” Year Sales Profit/Loss 1999 Rs. 1 - 00 - 000 Rs. 10 - 000 (Loss) 2000 Rs. 2 - 50 - 000 Rs. 20 - 000 (Profit) Calculate Profit Volume Ratio.