10.

11,

12

13:

14.

Amortization of an intangible asset means :
(A) Purchasing asset (1) Selling 3
(C) Recording the asset in books (1) Writing off over estimated

A cash flow statement reveals :
(^) Net cash flow during a period (8) Cash profit
(C) Cash receipts alone {D) Cash payment alone

Divisible profits do not include :
(ക) Reserve fund (8) Profit and loss account balance
(C) Revaluation reserve (D) Insurance fund

A company offers two shares for every Five held to its shareholders. The issue price is
Rs. 14 and the market price is Rs, 19. What is the market value of a Right ?

(A) 143 (8) 3 {©} .143 (D) 143

Treatment of revenue items as capital is an example of :
(ക) Frror of omission (8) Error of commission
(C) Error of principle (D) Clerical errors

Which of the following methods of valuing stocks will give the lowest gross profit 7
(A) LIFO (8) 110 (८) HIFO (D) NIFO

Under _________ Plan, the rate of bonus payable to the workers will increase along with
increase in efficiency.

(A) Accelerated Premium Bonus Plan

(8) Emmerson’s Efficiency Bonus Plan

(9 Barth Variable Bonus Plan

(D) Gnatt's Task Bonus Plan

The total cost of indirect material, indirect labour and indirect expenses is called :
(A) Production overhead (8) Office and administrative overhead
(C) Selling and distribution overhead (D) None of the above

The difference between sales volume and the marginal cost sales is called :
(^) Total cost (0) Contribution )© Fixed cost (D) Variable cost

124/2014 4 A