கரடி (i
B:-Only (i)
Cz-None of the above
D-All of the above
Correct Answer:- Option-D
Question8:-The Scheme of intemal reconstruction requires approval of
‘AcShareholders
B:-Central Government
സ
D-All the above
Correct Answer:- Option-C
Question®:-In Double Account System which account is prepared for disclosing appropriation of profits?
‘AGeneral Account
B:-Revenue Account
CNet revenue account
D-Capital Account

Correct Answer: Option-C

Question10:-Goodwill is to be calculated at one and half year’ purchases of average profit of last 5 years. The firm eamed profits during 3 years as Rs. 20,000. R. 18,000 and Rs. 9,000
and suffered losses of Rs. 2,000 and Rs. 5,000 in last 2 years. The amount of goodwill will be

AcRs. 12,000
8:85. 30,000
೦-85, 25,000
D:-None of the above
Correct Answer: Option:
Question11::Which of the following statement is/are correct?
Net asset value is also called as
(i) Asset backing value
0) Intrinsic value
(ii) Liquidation value
‘A-Only (i) and (i)
B-Only (i) and (ii)
C-None of the above
D:-All of the above
Correct Answer: Option-D
Question12:-Inflation accounting as already stated is also called as the accounting
AcInflationary Accounting
B:-Corporate accounting
೫108 level Accounting
D:-Management Accounting
Correct Answer: Option-C
Question13:-Which of the following is the determinant of working capital?
(i) Nature and size of business
(0). Manufacturing cycle
(ii) Credit policy
(iv) Production policy
Select the correct answer from the options given below:
A-Only (i)
Be-(i) and (ii) only
೦-0), il) and (it) only
D:-All of the above
Correct Answer: Option-D
Question14:-In Holding company accounts, profits earned after acquisition of share is treated as:
A:Revenue profit,

6۷ اقاامفتھ

C-Goodwill