1. Which of the following statement is correct ?

2. Company Auditor is responsible-”

3. Share premium account can be used for-”

4. Appointment of a person who is a Director as a Secretary in the Company would require approval of the company by-”

5. Disinvestment of shares means-”

6. Accounting for Intangible Assets are related to-”

7. Appointment of full time Company Secretary is compulsory in all those companies whose paidup share capital is-”

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

9. Verification includes-”

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

11. 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-”

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

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

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

15. -œOrganisation is the foundation of management." This statement is given by-”

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

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

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. V. V. Bros. purchased a machine on 1st October 2003 at cost Rs. 270000 and spent Rs. 30000 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. 190000. How much amount will be transferred to P & L A/c as loss on sale of machinery ?

20. When the existing companies raise additional funds by issue of shares to the existing shareholders in proportion to their existing shareholdings it is called-”

21. Internal check means-”

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

23. Consider the following information pertaining to K Ltd. on September 4 2005 the company issued 12000 7% debentures having a face value of Rs. 100 each at a discount of 2-¢5%. On September 12 the company issued 25000 preference shares of Rs. 100 each. On September 29 the company redeemed 30000 preference shares of Rs. 100 each at a premium of 5% together with one month dividend @ 6% p.a. thereon. Bank balance on August 31 2005 was Rs. 3000000. After effecting the above transaction the Bank Balance as on September 30 2005 will be-”

24. Increase in fixed asset due to purchase is-”

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