Kerala PSC Previous Years Question Paper & Answer

Title : UNIT MANAGER KSCCF LTD
Question Code : A

Page:5


Below are the scanned copy of Kerala Public Service Commission (KPSC) Question Paper with answer keys of Exam Name 'UNIT MANAGER KSCCF LTD' And exam conducted in the year 2016. And Question paper code was '124/2016'. 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: 5 out of 12
Excerpt of Question Code: 124/2016

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شش شش شڈ دس ھا 000۵ ‎न‏ |

124/2016

Single column cash book may show

A) Only a Credit Balance

B) Only a Debit Balance

C) Either Debit Balance or a Credit Balance
D) Neither Debit nor Credit

The Bank Statement of a customer shows an Overdrawn Balance of Rs. 4,800.
A Cheque for Rs. 200 drawn in favour of a creditor has not yet been presented
for payment. What will be the bank balance when the creditor presents the
cheque for payment ?

A) Rs. 5,000 (overdrawn) B) Rs. 4,600 (overdrawn)

C) Rs. 5,000 D) Rs. 4,600

. Goods worth Rs. 3,000 taken by proprietor for personal use should be

A) Debited to Debtors Account B) Debited to Drawings Account
C) Credited to Capital Account D) Debited to Purchases Account

A promissory note is written by
A) Debtor B) Creditor
C) Debtor or Creditor D) Endorser

Which of the following adjustments is correct ?
A) Carriage outward shown in the trial balance is debited to Trading account

ए) Outstanding wages in the trial balance appears on the liability side of Balance
sheet

C) Prepaid insurance given in the Trial balance is debited to P & L account
D) Asset account is debited to provide for depreciation

Based on which accounting concept market value of investments isshown as a
footnote to balance sheet ?

A) Industry Practice B) Business Entity Concept
C) Full Disclosure D) Conservatism Concept

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