009. Donations received by Non-profit-making Qrganizations for a special purpose will be
taken to the
(A) Income and Expenditure Account (8) Assets side of the Balance Sheet
(೦) ಓ

sbility side of the Balance Sheet (2) Will not be considered at all

010. Under Single Entry System, the amount of opening stock can be ascertained by
preparing ‏٥۷ء‎
‎(A) Memorandum Trading Account (8) Total Creditors Account

(©) Opening Statement of Affairs (D) None of these

011. If the rate of gross profit is 20% on cost of goods sold and the sales is Rs. 1,00,000,
the amount of gross profit will be
ശു ೧5. 25,000 (8) Rs.16,667
(©) 85. 20,000. (D) Rs. 28,000

012. On seizure of goods by the hire vendor in ठ Hire Purchase deal, the balance in the
asset account is transferred to
(ಡಿ) Profit and Loss Account (8) Goods Repossessed Account

(©) Recovery Account (D) Hire Vendor's Account

013. Amount collected by a company as Security Premium should be used to
(ക) lssue fully paid Bonus Shares
(ஐ Write off Preliminary expenses
)© To buy back the Company's own shares
(D) All of the above

014. A predetermined cost of an activity, operation or process established as a basis for
control and reporting is known as
(4) Social cost (8) Sunkcost
(C) Standard cost (D) Total cost

015. Dividend declared by Board of Directors in between twe Annual General Body meeting
is known as

(A) Proposed dividend (B) Unclaimed dividend

(€) Scrip dividend (2) Interim dividend

ರಾ ಬ ಸ್ಸ 3] ರ ಚೂ