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 : (i) A temporary account opened to rectify the entry is known as suspense A/c.
Last Answer : Do you agree or disagree with the following statements. (i) A temporary account opened to rectify ... and rules are known as Errors of Principle.
Description : Mark correct option relating to worker wage accounts a) A single account may be opened by any of the registered adult of a house hold whose name is mentioned in the job card. b) A joint account can ... be opened under this category of account d) Only one account can be opened. e) All the above
Last Answer : d) Only one account can be opened.
Description : 1 Started business with cash ₹ 30,000. 2 Opened a current account with the bank and deposited ₹ 9,000.
Last Answer : Enter the following transaction in a cash book with cash and bank columns for the month of April 2019 : ... from the bank for office use ₹ 1,000.
Description : Sukanya Samriddhi Account can be opened up to age of ________ years only from the date of birth A. Five years B. Four years C. Six years D. Eight years E. Ten years
Last Answer : E. Ten years Explanation: Sukanya Samriddhi Account can be opened up to age of 10 years only from the date of birth.
Description : ____________ is the act of transferring an entry from journal to ledger.
Last Answer : ____________ is the act of transferring an entry from journal to ledger. (a) Journalising (b) Casting (c) Balancing (d) Posting
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 : 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, 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 : (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 : Which statement is prepared under the single entry system to ascertain profit?
Last Answer : Which statement is prepared under the single entry system to ascertain profit?
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 : Mark the correct option a) A pensioner of any central or state Govt whom dept of post has signed an agreement for disbursement of pension can open either single or joint with spouse account. b) ... from time to time as guardian when father and mother both are not alive d) All the above
Last Answer : d) All the above
Description : As shown in the illustration, all 'MS' contacts are opened and closed by means of ________. EL-0073 A. operating coils B. magnets C. manual operation of the master switches D. solenoid switches
Last Answer : Answer: C
Description : PPF account can be opened a) only one single b) One minor account on behalf of the minor c) A only d) Both the A and B And B
Last Answer : d) Both the A and B
Description : How many Single saving accounts may be opened by an adult in his own name in any one post office? a) Only one b) Only Two c) No such limit d) None of these
Last Answer : a) Only one
Description : (i) Two sided errors are rectified by passing ________ entry.
Last Answer : Complete the following sentences : (i) Two sided errors are rectified by passing ________ ... , the suspense account will have a ________balance.
Description : The different angles of entry of light into an optical fiber when the diameter of the core is many times the wavelength of the light transmitter is known as ________. A. refraction B. sensor C. mode D. emitter
Last Answer : C. mode
Description : Every person domiciled in India will be a major when he completes ________ years of age.
Last Answer : Select the correct answer from the options given below and rewrite the statements. (i) Every person ... Foreigner (b) Lunatic (c) Insolvent
Description : The ________ is primary and supreme document of the company.
Last Answer : The ________ is primary and supreme document of the company. (a) Memorandum of Association (b) Articles of Association (c) Prospectus
Description : In general business partnership firm maximum ________ partners are allowed.
Last Answer : In general business partnership firm maximum ________ partners are allowed. (a) 2 (b) 20 (c) 50
Description : 1. The extent of complexity and density of ________ can be regarded as a measure of health of an ecosystem.
Last Answer : Fill in the blanks: 1. The extent of complexity and density of ________ can be regarded as a ... . The statement in a key is called a _________.
Description : When cheque is ________ into bank Cash Book is debited.
Last Answer : When cheque is ________ into bank Cash Book is debited. (a) written (b) issued (c) deposited (d) dishonoured
Description : Cash account always shows ________ balance.
Last Answer : Cash account always shows ________ balance. (a) Credit (b) Negative (c) Minus (d) Debit
Description : i. A company usually opens ________ account in a bank. (a) Current (b) Saving (c) Recurring
Last Answer : Select the correct answer from the options given below and rewrite the statement: i. A company usually ... ) Fixed (b) Current (c) Recurring
Description : System test can begin when? I. The test team competes a three day smoke test and reports on the results to the system test phase entry meeting II. The development team provides software to the test team 3 business days prior ... . I and II only B. II and III only C. I and III only D. I, II and III
Last Answer : D. I, II and III
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 : MIS account in multiple of Rs. 1500/- can be made instead of Rs. 1000/- MIS and the maximum limit of investment in a single account has been raised from Rs. 3 lakh to Rs. 4.5 lakh and in joint account opened by two ... to Rs. 9 Lakh. Wef a) 01.8.2007 b) 12.5.2008 c) 30.08.2009 d) None of these
Last Answer : a) 01.8.2007
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.
Description : A woman is put in a cement room without windows. The door is mechanically bolted shut and under strict watch so that nobody can come in or out. It is secured in every possible way. 24 hours later, the door is opened, and there are now 2 people inside the room. How is this possible? -Riddles
Last Answer : The woman was pregnant.
Description : Any postal article sent by post in contravention of the provision of Section 19 or 19-A of Indian Post Office Act 1898 may be opened and destroyed if necessary under the authority of - (A) The officer ... C) The Postmaster General (D) None of the authorities mentioned in (A) (B) or (C) above
Last Answer : (C) The Postmaster General
Description : (i) In __________ Book-keeping system, only Cash/Bank A/c and Personal accounts of Debtors and Creditors are opened.
Last Answer : Fill in the Blanks : (i) In __________ Book-keeping system, only Cash/Bank A/c ... ____________ accuracy is not guaranteed under Single Entry System.
Description : 1. Genetic material in bacterium is a single chromosome made up of circular and coiled _______.
Last Answer : Fill in the blanks. 1. Genetic material in bacterium is a single chromosome made ... cells are known as extrachromosomal selfreplicating DNA.
Description : A single-phase induction motor will only start if you spin the rotor rapidly with the line switch closed. After starting, its speed fluctuates between very slow and half-speed. The problem ... in the ________. A. starting winding B. centrifugal mechanism C. centrifugal switch D. running winding
Last Answer : Answer: D
Description : Under the __________ system of depreciation, the amount of depreciation does not change from year to year.
Last Answer : Under the __________ system of depreciation, the amount of depreciation does not change from year to year. ... (c) Depletion (d) Machine Hour Rate
Description : Where is the Constitutional power located enabling the Central Government to legislate on cow slaughter? (1) Entry 17, List III in Schedule VII-Prevention of Cruelty to Animals (2) Residuary Powers under Art. 248 (3) Emergency Powers (4) Art. 48 in the Directive Principles
Last Answer : (4) Art. 48 in the Directive Principles Explanation: Article 48 of the Indian Constitution calls upon the state to improve animal husbandry and agriculture. It states that the State shall endeavour ... the breeds, and prohibiting the slaughter, of cows and calves and other milch and draught cattle.
Description : In the case of redirected parcels on which redirection fee is recoverable from the addressee if any incorrect fee had been made entry a) The parcel should be returned to the sender with remarks b) The ... fact to the notice of the postmaster who should correct it under his initial d) None of these
Last Answer : c) The parcel assistant should bring the fact to the notice of the postmaster who should correct it under his initial
Description : Under non medical scheme the age at entry of proponent should not exceed a) 35 years b) 40 years c) 45 years d) No limit
Last Answer : a) 35 years
Description : Mark the correct option relating to age limit a) For WLI & EA policies the insurant should not be less than 19 year an not more than 55 year on the date of next birthday b) For CWLA the upper age ... of both the spouses should not be less than 21 year and not more than 45 year. e) All the above
Last Answer : e) All the above
Description : The main function of a divide wall is to (A) Control the silt entry in the canal (B) Prevent river floods from entering the canal (C) Separate the under-sluices from weir proper (D) Provide smooth flow at sufficiently low velocity
Last Answer : Answer: Option C
Description : When the weeds are under pressure, the herbicides enter the leaf a). less readily b). more readily c). do not enter d). entry not affected
Last Answer : a). less readily