Kerala PSC Previous Years Question Paper & Answer

Title : JUNIOR COSTING ASST KM AND ML TITANIUM DIOXIDE PIGMENT UNIT
Question Code : A

Page:6


Below are the scanned copy of Kerala Public Service Commission (KPSC) Question Paper with answer keys of Exam Name 'JUNIOR COSTING ASST KM AND ML TITANIUM DIOXIDE PIGMENT UNIT' And exam conducted in the year 2015. And Question paper code was '114/2015'. Medium of question paper was in Malayalam or English . Booklet Alphacode was 'A'. Answer keys are given at the bottom, but we suggest you to try answering the questions yourself and compare the key along wih to check your performance. Because we would like you to do and practice by yourself.

page: 6 out of 12
Excerpt of Question Code: 114/2015

45,

46,

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51.

82.

The reversal of debit and credit rules of real, personal and nominal accounts will hamper :
(A) Agreement of trail balance (B) Agreement of balance sheet
(C) Universal understandability (D) Preparation of P/L alc

Which of the following is true in relation to determination of the rate of depreciation if,
C = Cost of the asset, S = Scrap value, R = Rate of depreciation and n = number of years of
working :

ல 00+28 ®) 0

© 1- क) @0- ह)" =8

is used to judge the main activity of a business concern.

(ക) Gross profit (3) Operating profit
(C) Net profit (D) EBIT
Insurance business in India is regulated and controlled by :
ക IRDA (B) SEBI
(C) SCRA (D) IDFC

In the case of rectification after preparation of final statements, the increase/decrease in
profit after rectification is passed through :

(^) P/L appropriation a/c (B) Revaluation ‏لد‎
‎(C) Realisation ೩/೮ (D) P/L adjustment a/c

Purchase of a machinery on credit is recorded in :

(^) Purchase day book (൫) Purchases account
(C) Journal proper (D) Cash book
Which of the following normally does not appear in the trial balance?
(A) Trade discount (B) Cash discount
(C) Depreciation (D) Expenses outstanding

A contra balance in the debtors account will arise in the debtors account in the event of :
(4) Bad debts
(8) Advance paid by customers
(€) Discount allowed
(D) Return of empties before making full payments

114/2015 8 A

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