Kerala PSC Previous Years Question Paper & Answer

Title : VOCATIONAL TEACHER IN ACCOUNTANCY AND AUDTING VHSE
Question Code : A

Page:3


Below are the scanned copy of Kerala Public Service Commission (KPSC) Question Paper with answer keys of Exam Name 'VOCATIONAL TEACHER IN ACCOUNTANCY AND AUDTING VHSE' And exam conducted in the year 2016. And Question paper code was '003/2016'. 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.

page: 3 out of 12
Excerpt of Question Code: 003/2016

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Average clause in a General insurance contract discourages :

(ಗ) Under insurance (18) Over insurance

(0 Un insurance (D) Tax evation
Opening balance of debtors is Rs. 30,000, Cash received from debtors is Rs. 6,000, Goods sold
to debtors is Rs. 40,000, Goods returned by debtors is 1000, What is the closing balance?

(ಯ) Rs. 76,000 (B) ೫. 60,000

(മ) Rs. 71,000 (D) Rs. 63,000
Selling price per Unit is Rs. 12, Variable cost per unit is Rs. 5, Fixed expenses Rs. 1,40,000.
What will be the BEP?

(A) 20000 units (B) 25000 units

(0) 28000 units (D) 24000 units
Narasimham Committee Report on Financial sector Reforms was Tabled in Parliament in
which of the following years?

(ಗ) 1992 (छ) 1995

(9 1991 യു 1889

Total sales of an organization is Rs. 5,00,000 and Margin of safety is Rs. 2,00,000. Calculate
Break Even sales :

(ಗ) 88. 7,00.000 (೫) 15. 3,50.000

(©) ६8. 2,00.000 യ ௩ 800,000
‘Wages paid for installing an asset is to be debited to —————— Account.

(ಗ) Asset (B) Trading

(0 Profit and Loss (D) Wages

In Responsibility Accounting, each area of activity is treated asa :
(^) Profit Centre (B) Cost Centre

)0 Revenue Centre (D) Investment Centre

When Imputed costs are deducted from Accounting profit, we will get :
(ಗ) Net Profit (8) Gross Profit
(0 Eeconomic Profit (D) Explicit Cost

5 003/2016
[P.T.0]

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