1. Accounting for Intangible Assets are related to-”

2. Which of the following have lien of Company Auditor ?

3. A company made the purchases of an item during its financial year. January 2007 200 @ Rs. 50 each May 2007 400 @ Rs. 60 each August 2007 600 @ Rs. 70 each Novem- 2007 300 @ Rs. 80 each ber Closing inventories were 500 articles. Find out the value of closing stock as per Weighted Average Method-”

4. Average stock of firm is Rs. 80000 the opening stock is Rs. 10000 less than closing stock. Find opening stock.

5. Indian Accounting Standard -“ 28 is related to-”

6. Which institution is known as the -˜Soft Loan Window-™ of World Bank ?

7. Social Accounting means-”

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

9. 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%-”

10. -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-”

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

12. The following information is obtained from the records of K Co. Ltd.-” Sales (100000 units) Rs. 100000 Variable cost Rs. 40000 Fixed cost Rs. 30000 Find out margin of safety.

13. Appointment of a person who is a Director as a Secretary in the Company would require approval of the company by-”

14. Audit adopted by banking company is-”

15. A manufacturer is operating at 50% of its capacity due to competition. The following are the details. Raw materials Rs. 6 per unit Direct Labour Rs. 4 per unit. variable overhead - Rs. 3 per unit fixed overhead - Rs. 2 per unit output 15000 units total cost Rs. 225000 sales value Rs. 210000 loss Rs. 15000. A foreign customer wants to buy 6000 units at Rs. 13-¢50 per unit and the company does not know whether to accept or not as it is suffering losses at the current level. Advise what he should do ?

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

17. If the current ratio is 2 current assests are worth Rs. 1600 if current ratio is not allowed to fall below 1-¢5 how much additional can be borrowed by the company on the short term basis ?

18. Internal check means-”

19. 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 ?

20. The first Stock Exchange in India was established in-”

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

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

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

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

25. Convertibility of the rupee implies-”