Description : A statement of __________ is to be prepared in under to find out profit or loss under a single entry system.
Last Answer : A statement of __________ is to be prepared in under to find out profit or loss under a single entry system ... (c) Revenue (d) Profit or Loss
Description : Drawings made during the year decrease the profit under the Single Entry System.
Last Answer : State True or False with reasons: Drawings made during the year decrease the profit under the Single Entry System.
Description : Under single Entry system, Profit = Closing Capital less __________
Last Answer : Under single Entry system, Profit = Closing Capital less __________ (a) Opening Capital (b) ... Assets (c) Opening Liabilities (d) Drawings
Description : Which among the following is the societal obligation of accounting ? (A) To ascertain profit correctly (B) To maintain the records of the assets and liabilities of organisation (C) To establish effective organizational control (D) To be helpful in correct tax assessment
Last Answer : Answer: To be helpful in correct tax assessment
Description : he ratio which is used to ascertain the soundness of the long term financial position is------------ a) Debt equity ratio b) Liquidity ratio c) Activity ratio d) Gross profit ratio
Last Answer : a) Debt equity ratio
Description : Mark the incorrect statement: (A) The postmaster should occasionally examine the paid contents of some of the mail bags opened in order to detect error in sorting (B) The PM ... to ascertain unnecessary detention (D) The PMr should occasionally examine the contents of Registered bags opened
Last Answer : (D) The PMr should occasionally examine the contents of Registered bags opened
Description : Long-term equilibrium of an Industry under a perfectly market conditions in achieved when (a) All the firms are earning normal profit ; (b) All the firms are in equilibrium ; (c) There is no further entry or exit of firms from the industry ; (d) All the three
Last Answer : (d) All the three
Description : Cash Flow Statement is prepared from A. Profit and loss account B. Balance Sheet C. Additional Information D. All of the above
Last Answer : D. All of the above
Description : How is closing capital calculated under a single entry system?
Last Answer : How is closing capital calculated under a single entry system?
Description : Under Single Entry System only ________ are opened.
Last Answer : Under Single Entry System only ________ are opened. (a) Cash and Personal Accounts (b) Real ... c) Nominal Accounts (d) Real and Nominal Accounts
Description : (i) Excess of opening capital over closing capital of proprietor under single entry system.
Last Answer : Write a word, term, or phrase which can substitute each of the following statements : (i) ... (v) The incomplete method of the accounting system.
Description : Detailed records of goods held for resale are not maintained under a a. perpetual inventory system. b. periodic inventory system. c. double entry accounting system. d. single entry accounting system.
Last Answer : b. periodic inventory system.
Description : Which one of the following methods is used to ascertain the public opinion on important legislation? (1) Initiative (2) Recall (3) Referendum (4) None of the above
Last Answer : (1) Initiative Explanation: In political science, an initiative (also known as a popular or citizens' initiative) is a means by which a petition signed by a certain minimum number of registered voters can ... the subject by submitting it to the order of the day. It is a form of direct democracy.
Description : Diesel generators #1 and #2 are operating in parallel at near full load capacity. Diesel generator #1 suddenly trips out mechanically due to low lube oil pressure. The reverse power relay functions ... all nonvital circuits. D. Secure alarms, reset reverse power relay, and restart #1 engine.
Last Answer : Answer: C
Description : Evidence means a) To show b) To show clearly c) Ascertain d) Signify
Last Answer : b) To show clearly
Description : The function of a court of justice is a) To ascertain the existence or non existence of certain facts b) To apply the substantive law to ascertained facts c) Declare the rights and liability of parties d) All the above
Last Answer : d) All the above
Description : High Value money order received without HVMO list a) Will be returned to the remitter b) Will be paid as usual c) Will be sent to divisional office for further order d) Will be kept in deposit to ascertain genuineness from the office of issue
Last Answer : d) Will be kept in deposit to ascertain genuineness from the office of issue
Description : To ascertain the punctual clearance of letter box, the postmaster a) Post test letters b) Post trial Cards c) Post test Cards d) All the above
Last Answer : a) Post test letters
Description : What is the overall objective of internal auditing? a. To attest to the efficiency with which resources are used. b. Ascertain that the cost of internal control is justified. c. To ... and stockholders' equity. d. To help members of the organization to effectively discharge their responsibilities.
Last Answer : To help members of the organization to effectively discharge their responsibilities.
Description : The overall objective of internal auditing is to a. Attest to the efficiency with which resources are employed. b. Ascertain that controls are costs justified. c. Provide assurance ... accurately recorded. d. Assist members of the organization in the effective discharge of their responsibilities
Last Answer : Assist members of the organization in the effective discharge of their responsibilities
Description : Casual research is 1. Together primary data to shed light on the real nature of the problem 2. to ascertain certain magnitudes 3. to find out cause and effect relationship 4. to explore the gravity of the situation 5. none of these
Last Answer : to find out cause and effect relationship
Description : India's digital advertisement spent is NOT witnessing a Rise. TRUE FALSE Difficult to ascertain None of the Above
Last Answer : FALSE
Description : To ascertain the maximum permissible eccentricity of loads on circular columns, the rule generally followed, is (A) Middle half rule of columns (B) Middle third rule of columns (C) Middle fourth rule of columns (D) None of these
Last Answer : (C) Middle fourth rule of columns
Description : At intersection of roads, the traffic volume study is carried out to ascertain the number of vehicles (A) Moving along straights (B) Turning left (C) Turning right (D) All the above
Last Answer : Answer: Option D
Description : The concept which tries to ascertain the actual deficit in the revenue account after adjusting for expenditure of capital nature is termed as?
Last Answer : Effective revenue deficit
Description : As a new teacher the first professional responsibility you must meet is to (a) Change the curriculum in the light of your training (b) Co-operate with your fellow teacher inspite of differences (c) Ascertain and follow the procedures of your predecessor (d) None of the above
Last Answer : (b) Co-operate with your fellow teacher inspite of differences
Description : Following observations were made during examination of a newborn child. On the basis of given observations, ascertain the APGAR score (1) Newborn makes grimaces on stimulation of sole of the Foot. (2) Respiration slow & irregular (3 ... 5) Color of the body was pink Options: 1) 5 2) 6 3) 7 4) 8
Last Answer : Correct Answer: 2) 6
Description : a tester, what is your main objective in reviewing a requirement document? A. To ascertain that each requirement is traceable to a business need B. To ascertain that each ... business need, testable, and uniquely identifiable D. To ascertain that each requirement is uniquely identifiable
Last Answer : C. To ascertain that each requirement is traceable to a business need, testable, and uniquely identifiable
Description : As a tester, what is your main objective in reviewing a requirement document? A. To ascertain that each requirement is traceable to a business need B. To ascertain that each ... business need, testable, and uniquely identifiable D. To ascertain that each requirement is uniquely identifiable
Last Answer : B. Test objective
Description : The use of annual rings to ascertain the tree life is called
Last Answer : The use of annual rings to ascertain the tree life is called – Dendrochronology
Description : comparing the lecture and developmental lessons which one of the following is false? Options: A) There is more public developmental lesson B) It t is more difficult to ascertain public learning in ... to largest class D) Slow children derive more benefits form a lecture than brighter children do
Last Answer : D) Slow children derive more benefits form a lecture than brighter children do
Description : Give journal entry for adjusting profit made due to change in method of depreciation.
Last Answer : It can only be achieved by reducing rate of Dep retrospectively.
Description : In a pure monopoly firm a firm can make abnormal profit at the long run equilibrium level due to (a) Price discrimination;(b)Cost effectiveness ; (c) Banned entry of new firms ; (d) Sales promotion
Last Answer : (c) Banned entry of new firms ;
Description : In the short run if the price is above the average total cost in a monopolistic competitive market, the firm makes (a) Profits and new firms join the market ; (b) Profit and bar entry to new firms; (c) Makes losses and exit the market ; (d) Quick profit and disappears
Last Answer : (a) Profits and new firms join the market ;
Description : ---------account is prepared to know funds from operation a) Profit & Loss appropriation account b) Profit and loss account c) Trading account d) Profit & Loss adjustment account
Last Answer : d) Profit & Loss adjustment account
Description : (i) The single Entry System of Book-keeping is a scientific method of books of accounts.
Last Answer : Do you agree with the following statements? (i) The single Entry System of Book-keeping is ... Entry System follows the golden rules of accounts.
Description : All transactions are recorded in the Single Entry System
Last Answer : State True or False with reasons: All transactions are recorded in the Single Entry System
Description : The single Entry System is based on certain rules and principles.
Last Answer : State True or False with reasons: The single Entry System is based on certain rules and principles.
Description : A UNIX file system has 1 KB block size and 4-byte disk addresses. What is the maximum file size if the inode contains ten direct block entries, one single indirect block entry, one double indirect block entry and one triple indirect block entry? (A) 30 GB (B) 64 GB (C) 16 GB (D) 1 GB
Last Answer : (C) 16 GB
Description : A unix file system has 1-KB blocks and 4-byte disk addresses. What is the maximum file size if i-nodes contain 10 direct entries and one single, double and triple indirect entry each? (A) 32 GB (B) 64 GB (C) 16 GB (D) 1 GB
Description : A statement (Sk-82) showing particulars of the articles of stock supplied during each month to offices by local purchase, or by transfer either from other offices or from the reserve stock kept ... , Head office , Divisional head c) Superintendent, Circle office , Divisional head d) None of these
Last Answer : a) Superintendent, stock depot , Divisional head
Description : An operational audit differs in many ways from an audit of financial statements. Which of the following is the best example of these differences? a. Operation audits do not ordinarily ... audit deals with operating profit while financial audit considers both the operating and net profits.
Last Answer : The boundaries of an operation audit are often drawn from anorganization chart and are not limited to a single accounting period
Description : Which one of the following is shown on a multiple-step but not on a single-step income statement? a. Net sales b. Net income c. Gross profit d. Cost of goods sold
Last Answer : c. Gross profit
Description : Mark correct option a) Territorial bundle prepared for foreign when not less than 5 articles b) Bulk bag system is not available for Srilanka, Nepal, Buthan & Pakistan c) Ordinary circumstances the bulk of the ... office the registered bag should be place in the due mail list. e) All of the above
Last Answer : e) All of the above
Description : Arithmetical accuracy cannot be checked in Single Entry.
Last Answer : State True or False with reasons: Arithmetical accuracy cannot be checked in Single Entry.
Description : Which one of the following is not a feature of monopoly? (1) Single seller of the product (2) Heavy selling costs (3) Barriers to entry of new firms (4) Price discriminations
Last Answer : (2) Heavy selling costs Explanation: Heavy selling cost is one of the defining features of an oligopoly. Firms resort to heavy selling cost to attract customers. Under this market ... mainly by heavy advertising and promotional expenditure that ultimately adds to the total selling cost.
Description : A monopoly is characterized by (a) Limited entry and exit opportunity ; (b) Single supplier ; (c) Few customers ; (d) All the three
Last Answer : (a) Limited entry and exit opportunity ;
Description : Which one of the following is not a feature of monopoly ? (1) Single seller of the product (2) Heavy selling costs (3) Barriers to entry of new firms (4) Price discriminations
Last Answer : Heavy selling costs
Description : he journal entry to record a return of merchandise purchased on account under a perpetual inventory system would include a. Accounts Payable Sales Returns and Allowances b. Purchase Returns and ... Accounts Payable c. Accounts Payable Inventory d. Merchandise Inventory Cost of Goods Sold
Last Answer : d. Merchandise Inventory Cost of Goods Sold
Description : The journal entry to record a return of merchandise purchased on account under a perpetual inventory system would credit a. Accounts Payable. b. Purchase Returns and Allowances. c. Sales. d. Merchandise Inventory.
Last Answer : d. Merchandise Inventory.