1. Social Accounting means-”

2. Internal check means-”

3. Articles of Association can be altered by passing-”

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

5. The Branch of Accounting which is concerned with the processing and presenting data for decision making is known as-”

6. 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%-”

7. Which of the following statement is correct ?

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

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

10. Among the following which is not an error of commission ?

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

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

13. The Essence of Control is-”

14. The capital issues of public limited companies are subject to guidelines issued by-”

15. -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-”

16. 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-”

17. Blue Chips Shares mean-”

18. Rate of Gross Profit on cost is 25%. Total sales is Rs. 100000 and Average Stock is Rs. 160000. Stock Turnover Ratio will be-”

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

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

21. Who is Father of Scientific Management ?

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

23. In a public company the minimum number for having a Quorum in a meeting is-”

24. 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 ?

25. Due to coordination-”