D:-Both 7۷
Correct Answer: Option-C

‘Question70::Which of the following states do not come under the Special Category States as per CGST (Amendment) Act, 2018 7
1. Manipur and Mizoram

1. Nagaland and Tripura

11. Assam and Himachal Pradesh

‘Ac Only ‏لا‎
‎B:-Both land I
‏رادم‎

Dell 6, Hand tt)

Correct Answer: Option:

Question71:-P, 0 and R are partners sharing profits in the ratio of 4:

‎retires from the firm. What is Gaining Ratio between P and R 7‏ و

‎Correct Answer:- Option-D
Question72::Which of the following is NOT correct about the Capital Redemption Reserve (CRR) ?
‏مع جم‎ is created at the time of redemption of Preference Share Capital
B:-CRR is created at the time of buyback of Equity Share Capital
೦-೦೫೩ is created at the time of redemption of Debenture
DCRR can be used only for the issue of fully paid bonus shares
Correct Answer: Option-C
Question73::Which of the following is NOT an instance of Reconstitution of Partnership 7
[AcAdmission of a Partner
B:-Dissolution of a Firm
C-Retirement of Partner
D:-Death of a Partner
Correct Answer: Option ®

‎Question74:-A Trader keeps his accounts under the Single Entry System. His Closing Capital is 50,000, Opening Capital is 40,000, Drawings during the year is 20,000. Profit for the year

‎۸0
‎B:-10,000
‏00ب‎
‎60
‎Correct Answer:- ೦೧000
‘Question75:-Database-oriented application software used for computerised accounting has four essential requirements. The correct one is
‘Acfront-end Data Processing, Backend Data Entry, Data Analysis and Data Duplication
B:-Front-end Interface, Back-end Database, Data Processing and Reporting System
C:Frontend Database, Back-end Interface, Data Reporting and System Processing
D:-Front-end Reporting System, Back-end Processing Database Duplication, Database Interface
Correct Answer: Option ®

‎Question76:-A trader keeping his books under single entry gives the following Opening Debtors : 20,000, Closing Debtors : 30,000, Credit Sales : 3,00,000.
‘What is the amount of cash received from Debtors 7

‎۸0
‎8-1.10.000
‎೦,50,000
‎D:-50,000
‎Correct Answer: Option:
‘Question77::Which one is correct with respect to the functions of NFRA 7
1, National regulator for accounting and auditing profession,
2. Recommends 10 the Government accounting and auditing standards.

‎3. Monitor and enforce accounting and auditing standards.
4. Quality assurance in the accounting and auditing profession.