541.

56.

87.

88.

60.

By-products should be valued at :
(ക ‏اوم‎
‎(ए) Cost or net realizable value whichever is more
(0 Net realizable value
(10) Cost or market value whicheveyr is less

Which account 18 to be prepared when revised values are not to appear in the new balance
sheet framed after the retirement or death of a partner?

(५) Memorandum Revaluation Account
(B} Revaluation Account

(C) Profit and Loss Adjustment Account
(D) - Profit and Loss Appropriation Account

Payment of the trade creditors would :
(4) inercase the current ratio, but the acid test ratio would not be affected
(18) increase both the current and acid test ratios
(C) decreage both the current and acid test ratios
(D) have no effect on the current and acid test ratios

Which of the following results in the flow of funds?
{A) Creditors issued bills payable (B) Loss on the sale of machinery
(0) Transfer to general reserve (D) Building sold on cash

The balance sheet is related to the income statement in the same way that :
(3) A period in time is related to a period வி time
(B) A period of time is related to a point ‏عستا له‎
(0 A point intime is related to another point in time
(1)) A period of time is related to another period of time

Which of the following is the most important reason for stuadying accounting?
(A) The information provided by accounting is useful in making many economic
decigions
(B) Accounting plays an important role in society
(C) The study of accounting could lead ம a challenging eareer
)0( All of the above

The difference between the balance of a fixed asset a/e and the related aceumulated
depreciation a/c is termed as :

(ക) Liability (B) Contra asset

(C) 8०0 value (D) Market value

9 171/2015
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