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Past Years Commerce Questions Set - 4
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Past Years Commerce Questions Set - 4
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25 Questions

1. The object of -˜Agenda-™ is to inform-”
2. As per Schedule VI of the Companies-™ Act 1956 Forfeited Share Account will be-”
3. Final accounts prepared in narrative style are in-”
4. Verification includes-”
5. Appointment of full time Company Secretary is compulsory in all those companies whose paidup share capital is-”
6. The Life Insurance in India was nationalised in the year-”
7. The following data relates to manufacturing company for the year 2006-07-” Net Profit as per P & L A/c-”Rs. 240000; Depreciation-”Rs. 80000; Goodwill written-off-”Rs. 40000 Profit on Sale of Fixed Assets-”Rs. 16000 Proposed Dividend-”Rs. 96000. The fund from operation would be-”
8. Depletion method of depreciation is used in case of-”
9. Share premium account can be used for-”
10. The basic aim of Securities and Exchange Board of India (SEBI) is to-”
11. Current Ratio is 3-¢75 Acid Test Ratio is 1-¢25 Stock Rs. 375000 calculate working capital.
12. What of the following is false about W.T.O. ?
13. Indian Accounting Standard -“ 28 is related to-”
14. The following particulars relate to manufacturing factory for the month of March 2008. Variable cost per unit Rs. 11; Fixed factory overhead Rs. 540000; Fixed selling overhead Rs. 252000; Variable selling cost Rs. 3; Sales Price per unit Rs. 20. Find out the Break-Even Point in rupees-”
15. For calling the Extraordinary General Meeting a clear notice of -¦-¦-¦ days must be given to all the members.
16. Total sales is Rs. 760000 cash sales Rs. 30000 collection period is 25 days debtors at Balance Sheet date will be-”
17. Ploughing-back of profits means-”
18. According to Balance Sheet equation concept the capital will be-”
19. R. G. Ltd. purchased machinery from K.G. Company for a book value of Rs. 400000. The consideration was paid by issue of 10%. Debenture of Rs. 100 each at a discount of 20%. The debenture account will be credited by-”
20. The Essence of Control is-”
21. Increase in fixed asset due to purchase is-”
22. Calculate Return on Investment/ Return on Proprietor-™s fund. Gross profit of a firm is Rs. 320000 Operating expenses Rs. 100000 Taxes Rs. 20000 Owner-™s fund Rs. 500000 Debenture Interest Rs. 50000-”
23. The Section 80A of the Companies-™ Act is related with the redemption of-”
24. -œOrganisation is the foundation of management." This statement is given by-”
25. Internal check means-”

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