Kerala PSC Previous Years Question Paper & Answer
Page:10
Below are the scanned copy of Kerala Public Service Commission (KPSC) Question Paper with answer keys of Exam Name 'Finance Manager' And exam conducted in the year 2023. And Question paper code was '119/2023/OL'. Medium of question paper was in Malayalam or English . Booklet Alphacode was ''. 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.
A:-Capital Loss
B:-Capital Profit
C:-Revenue receipts
D:-Revenue profit
Correct Answer:- Option-B
Question48:-Discount on issue of share is a
A:-Capital loss
B:-Capital gain
C:-Revenue expenses
D:-Revenue income
Correct Answer:- Option-A
Question49:-The company profit prior to incorporation capital profit is transferred to
A:-Final accounts
B:-trial balance
C:-Ledger accounts
D:-Capital reserve account
Correct Answer:- Option-D
Question50:-Absorption means
A:-Purchasing an existing company
B:-Liquidating one company
C:-Acquiring shares in other company
D:-All of the above
Correct Answer:- Option-A
Question51:-Liquidator is appointed by
A:-Creditors
B:-Shareholders
C:-Court
D:-All of the above
Correct Answer:- Option-D
Question52:-Working capital is used to
A:-To meet the expenses
B:-To purchase stationery
C:-For investment
D:-Kept as reserve
Correct Answer:- Option-A
Question53:-The person who draws the bill is known as