Kerala PSC Previous Years Question Paper & Answer
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Below are the scanned copy of Kerala Public Service Commission (KPSC) Question Paper with answer keys of Exam Name 'Junior Systems Officer - Kerala Co-operative Milk Marketing Federation Ltd' And exam conducted in the year 2024. And Question paper code was '018/2024'. 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.
46. What is the primary difference between accounting and book keeping?
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Book keeping involves analyzing financial data, while accounting involves
recording transactions
Book keeping focuses on day-to-day recording, while accounting involves
interpreting financial data
Accounting is only concerned with financial statements, while book keeping deals
with ledger entries
There is no difference between accounting and book keeping
47. What is the purpose of a trial balance?
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To list all financial transactions of a company
To record day-to-day business transactions
To prepare financial statements
To verify the accuracy of debit and credit entries in the ledger
48. What does the debt-to-equity ratio indicate?
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A company’s liquidity
The extent of a company’s leverage
The efficiency of inventory management
The company’s overall profitability
49. What does the term “horizontal analysis” refer to in financial statement analysis?
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Comparing financial data over different time periods
Comparing financial data with industry averages
Analyzing data vertically within a financial statement
Assessing the impact of economic conditions on financial data
50. When are revenues recognized under the accrual basis of accounting?
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018/2024
When cash is received (B) When invoices are sent
When they are earned (D) When services are provided
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