C:-indirect cost
D:-production cost
Correct Answer:- Option-A
Question29:-If vendors are issued fully paid shares of Rs.2,00,000 in consideration of net assets of Rs.1,80,000, the balance
of Rs.20,000, will be debited to
A:-PEL 2/८
B:-Goodwill a/c
C:-Capital reserve a/c
D:-General reserve 8/2
Correct Answer:- Option-B
Question30:-Discount allowed on reissue of forfeited shares is debited to
A:-discount on issue of shares a/c
B:-forfeited shares a/c
C:-P&L a/c
D:-capital reserve a/c
Correct Answer:- Option-B
Question31:-The balance of sinking fund investment a/c after the realization of investment is tranfemed to
&:-76॥ 2/८
B:-debenture a/c
C:-sinking fund a/c
D:-debentures suspense a/c
Correct Answer:- Option-C
Question32:-| ible profit does not include
A:-Reserve fund
B:-Profit of revaluation of asset
C:-pre-incorporation profit
D:-dividend equalization profit
Correct Answer:- Option-B
Question33:-Preliminary expenses are transfemed by the vendor company at the time of amalgamation to
A:-realization a/c
B:-equity shareholders a/c
C:-purchasing company a/c
D:-goodwill ajc
Correct Answer:- Option-B
Question34:-In case of insurance companies the legal fees with respect of claims is shown in
A:-revenue ajc
B:-P&L a/c
C:-P&L appropriation a/c
D:-Balance sheet
Correct Answer:- Option-A
Question35:-In case of banking company the VRS expenditure is treated as
A:-deferred revenue expenditure
B:-capital expenditure
C:-revenue expenditure
D:-operating expenditure
Correct Answer:- Option-A
Question36:-Taxation provision made by the subsidiary company will appear in consolidated balance shest as an item of
A:-cumrent liability
B:-revenue profit
C:-capital profit
D:-non current liabiltiy
Correct Answer:- Option-A
Question37:-In hotel business room rate is fixed on the basis of
A:-no. of available rooms which can be hired out during a particular period
B:-the estimated cost of operation during a particular period
C:-the expected fair retumn on the investment
D:-All the above
Correct Answer:- Option-D