1. Who is Father of Scientific Management ?

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

3. V. V. Bros. purchased a machine on 1st October - 2003 at cost Rs. 2 - 70 - 000 and spent Rs. 30 - 000 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. 1 - 90 - 000. How much amount will be transferred to P & L A/c as loss on sale of machinery ?

4. In -˜Direction-™ who is given importance ?

5. Internal check means-”

6. Social Accounting means-”

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

8. -œOrganisation is a Management Process by which people - functions and physical factors are brought together to form a controllable unit.- This definition is given by-”

9. 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 ?

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

11. Price earning ratio is 83-¢33% and E.P.S. is Rs. 30. The market price of equity share will be-”

12. 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 November- 2007 300 @ Rs. 80 each Closing inventories were 500 articles. Find out the value of closing stock as per Weighted Average Method-”

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

14. According to Balance Sheet equation concept - the capital will be-”

15. 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-”

16. Managerial Planning is a-”

17. In case of Board Meetings the Quorum must be present-”

18. Company Auditor is responsible-”

19. Internal activity of a company is going to be performed according to established regulations. This assumption is provided as a right by-”

20. 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 15 - 000 units - total cost Rs. 2 - 25 - 000 - sales value Rs. 2 - 10 - 000 - loss Rs. 15 - 000. A foreign customer wants to buy 6 - 000 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 ?

21. Final accounts prepared in narrative style are in-”

22. If the current ratio is 2 - current assests are worth Rs. 1 - 600 - 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 ?

23. Which is not a insurable risk ?

24. Accounting for Intangible Assets are related to-”

25. Rate of Gross Profit on cost is 25%. Total sales is Rs. 1 - 00 - 000 and Average Stock is Rs. 1 - 60 - 000. Stock Turnover Ratio will be-”