A:-Punsari
B:-Mawlynnong
C:-Govardhan Eco Village
D:-Dharnai
Correct Answer:- Option-C
Question19:-Who wrote the famous book 'We, the people’ ?
A:T. N. Kaul
-Nani Palkhivala
R. D. Tata
D:-Khushwant Singh
Correct Answer:- Option-B
Question20:-Which film has won the 'Palme d'Or’ at the 2017 Cannes Film Festival ?
A:-Aprils Daughter
B:-Wild River
C:-Force Majeure
D:-The Square
Correct Answer:- Option-D
Question21:-Mr. R sold goods of the list price of Rs. 10,000 to Mr. S at a trade discount of 10% and cash discount of 5% if

Payment is made immediately. What should be the net amount payable by Mr. S if he makes immediate payment to avail
the discount ?

A:-8,550
500
450
D:-9,500
Correct Answer:- Option-A
Question22:-Understatement of closing work in progress
A:-Understate cost of goods sold
B:-Overstate current assets
C:-Overstate gross profit
D:-Understate net income
Correct Answer:- Option-D
Question23:-Writing off the expired cost of an intangible asset is known as
A:-Depreciation
-Depletion
C:-Amortisation
D:-Capitalisation
Correct Answer:- Option-C
Question24:-Which of the following is not a part of double entry system ?
A:-Joint venture account
-Joint bank account
C:-Co venture account
D:-Memorandum joint venture account
Correct Answer:- Option-D
Question25:-Retums of cash sales will be recorded in
A:-Sales book
-52165 1611171 book
C:-Cash book
D:-Journal
Correct Answer:- Option-C
Question26:-A temporary room constructed for Rs. 30,000 for storing raw material for the construction of a big building is
A:-Capital expenditure
B:-Revenue expenditure
C:-Deferred revenue expenditure
D:-Miscellaneous expenditure
Correct Answer:- Option-A
Question27:-Part of furniture which stood in the books at Rs. 1,000 was sold for Rs. 550 in exchange of a new furniture
costing Rs. 1,750 and net invoice of Rs. 1,200 was passed through the purchases book. Rectification will result in
A:-Increase in profit by Rs. 750
B:-Decrease in profit by Rs. 750
C:-Decrease in profit by Rs. 450

Cy