Kerala PSC Previous Years Question Paper & Answer
Page:2
Below are the scanned copy of Kerala Public Service Commission (KPSC) Question Paper with answer keys of Exam Name 'Assistant Kerala Financial Corporation English ' And exam conducted in the year 2019. And Question paper code was '049/2019'. 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.
001, Revenue received from the sale 67 goods 15 treated as an earnings during the period
in which
(A) the sale is made (8) the products are manufactured
(©) the cash Is collected (D) the planning takes place
0೦2. Which Accounting Standard deals with revenue recognition?
ശു 145 12 © 8
(८) 1५5 28 (೧) 18517
003, Which Accounting Convention states that accounting practices should remain
unchanged from time to time?
(A) Full disclosure (8) Conservatism
(€) Materiality (D) Consistency
004, Repairs incurred before using a second-hand van purchased recently is a
(A) Capital Expenditure (8) Revenue Expenditure
(©) Deferred Revenue Expenditure (D) None of these
005. State the minimum percentage of profit that has to be transferred to General Reserve
by a Joint Stock Company if the dividend declared is 18%
(4) ೦% (8) 10%
(©) 7.5% (D) 5%
006. Income Tax paid by a Sole Proprietor on his business income should be
ശു Debited to Profit and Loss Account
(छ) Debited to Trading Account
(©) Credited to Profit and Loss Account
(D) Deducted from Capital Account in the Balance Sheet
007. The cancellation of shares at the initiative of the shareholder 15 termed as
(வ) Forfeiture (8) Underwriting
(മ) Surrender (D) None of the accounts
008. The profit on depreciation policy 15 transferred 1௦
(A) Depreciation Reserve Account (8) Profit and Loss Account
(©) AssetAccount (D) Balance Sheet
49/2019 - A لگ
