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Tf the shares are forfeited, the share capital afe is debited by :
(A) ecall up value of shares (18) paid up value of shares
(0) face value of shares (D) issue price of shares

The process of recording financial data upto trial balance is :
(A) Book keeping (B) Classifying
(C) Summarising (D) Analysing

Average profit = 3,72,000, Normal rate of return = 12%, Total asset = 68,00,000, outside
liabilities = 42,00,000. Calculate the value of goodwill under capitalisation method.

(5) 5,00,000 (7) 0
(¢) 7,00,000 (0) ௧00,000

The maximum number of partners is mentioned in :
(ಗ) Companies Act (B) Partnership Act
0 Limited Partnership Act (D)} None

An accounting system which presents the balance sheet into two parts is called :

(ಗೆ) Double entry system (8) Double Account system

(¢) Single entry system (D) Statement of Affairs
Voyage account is ——— aceount. 1

(2) 1956ല്‍ (B) Nominal

(C) Personal (D) None of these
In self balancing, bought ledger adjustment account is opened in :

(வி Bought ledger (ए) Sold ledger

(€) General ledger (D) None of these

Manufacturing a/c is prepared to find out :
(ಗಿ) Cost of goods sold (3) Cast of goods produced
(~) Net profit (1)) Work in progress

The amount paid to an author for the use of copyright is called :
(A) Minimum rent (18) Commissgion
(09 Patent (D) Royalty

Where the loss of an asset has been identified by the bank, but the amount has not been
written off wholly or partly is known as :

(^) Bad-debt (18) Sub-standard asset

(C) Loss asset (0) Doubtful asset

1೩71/2015 4 A