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 'Accounts Officer (NCA- Ezhava/ Thiyya/ Billava) - Kerala Co operative Milk Marketing Federation Limited ' And exam conducted in the year 2022. And Question paper code was '30/2022/OL'. 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.
Coli and iv
۸9ھ اھ ii
Correct Answer: Option-C
Question44:-The convention of Prudence when applied to the balance sheet results
‘Ac Overstatement of Assets
B:-Understatement of Liability
C:-Overstatement of Liabilities
D-Understatement of Assets
Correct Answer:- Option-D
Question45:-Which of the following is true about financial statements?
(a) Financial statement gives a summary of accounts
(൪) Financial statements can be stated as recorded facts
Ac Only (a)
B:-Only (b)
८-8० (a) and (9)
D-None of the above
Correct Answer: Option-C
Question46:-The format of Balance sheet of a company given under
0
B:-Schedule Il Part |
(CeSchedule ॥ Part I
००५०५
Correct Answer: 8
Question47:-X's capital on Ist January, 2021 is 45,000, interest on drawings is 5,000, interest on capital 2,000, drawings are 14,000, profit for the year is 15,000. His capital as on
31.12.2002 is
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0ھ
0ء
60
Correct ۸۳۰۸۷۴ ೦೧0078.
Question48:-Adjusting entries
[AcAssign revenue to the period in which they are eamed
B:-Help to properly measure the period's Net ProfitiLoss
1 and liability account to correct balances
ಮ of about statements are true regarding Adjusting entries
Correct Answer:- Option-D
Question49:-Which of the following entries records the utility bill incurred but not paid from the water company?
‘A Debit utilities expense: Credit utilities payable
B:-Debit accounts payable: Credit utilities payable
ಆ accounts payable: Credit cash
D:-Debit utilities payable; Credit accounts receivable
Correct Answer: Option:
‘Question50:-An item of revenue expenditure has been incorrectly treated as capital expenditure. What is the effect of this error?
Non-current Assets profit for the year
A:Understated Overstated
B:-Understated Understated
C-Overstated Overstated
D:-Overstated Understated
Correct Answer: Option-C
‘QuestionS1:-As per Accounting Standard 6, under which circumstances the method of depreciation may be changed?
1: When the adoption of new method is required by statute
॥ When the change will help to show a higher amount of depreciation each year
11. When it is required for compliance with an accounting standard