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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. Recording of capital contributed by the owner as liability ensures the adherence of principle of-”
2. Final accounts prepared in narrative style are in-”
3. An annual general meeting may be called after giving shorter notice instead of 21 clear days if consent is accorded by-”
4. The number of subordinates a superior can effectively handle is called-”
5. Internal check means-”
6. What of the following is false about W.T.O. ?
7. -œThe position of a Company Secretary is like that of a hub in a bicycle wheel." This statement shows the-”
8. In Balance Sheet Audit Accounts are audited-”
9. Contents of Marine Insurance include-”
10. Verification includes-”
11. Depletion method of depreciation is used in case of-”
12. 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-”
13. For the purpose of preparation of fund flow statement fund means-”
14. The balance appearing in the books of a company at the end of year were CRR A/c Rs. 50000 Security Premium Rs. 5000 Revaluation Reserve Rs. 20000 P & L A/c (Dr) Rs. 10000. Maximum amount available for distribution of Bonus Share will be-”
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. Share premium account can be used for-”
17. Which is not a insurable risk ?
18. 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-”
19. According to Balance Sheet equation concept the capital will be-”
20. Motivation - Hygiene Theory was propounded by-”
21. Audit adopted by banking company is-”
22. By whom from the following auditor can be reappointed ?
23. Which of the following statement is correct ?
24. Among the following which is not an error of commission ?
25. 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-”

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