1. Convertibility of the rupee implies-”

2. Current Ratio is 3-¢75 Acid Test Ratio is 1-¢25 Stock Rs. 375000 calculate working capital.

3. 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%-”

4. Share premium account can be used for-”

5. The Essence of Control is-”

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

7. The first Secretary of the company is appointed by-”

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

9. In common size Balance Sheet analysis we evaluate-”

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

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

12. According to ownership Government Company means -¦-¦-¦ share.

13. The Section 80A of the Companies-™ Act is related with the redemption of-”

14. The number of subordinates a superior can effectively handle is called-”

15. 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 ?

16. Bombay Stock Exchange Sensex consists of -¦-¦-¦ script as on 31st March 2005.

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

18. Accounting for Intangible Assets are related to-”

19. For the purpose of preparation of fund flow statement fund means-”

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 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 ?

21. -˜Carrot and Stick-™ principle is given in Theory-”

22. To appoint new auditor in place of retiring auditor to adopt the procedure which section of Companies-™ Act 1956 is applicable ?

23. The following data are provided to you. Fixed cost - Rs. 20000; Selling price per unit - Rs. 25 Variable cost per unit - Rs. 20. Find out selling price per unit if B.E.P. is brought down to 2000 units.

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

25. Company Auditor is responsible-”