A:-Fixed charge
B:-Floating charge
C:-Lien
D:-None of these
Correct Answer:- Option-B
Question87:-A document which represents ownership of goods in transit is known as
A:-Bill of lading
B:-Bill discounting
C:-Freight
D:-None of these
Correct Answer:- Option-A
Question88:-Practice of transferring a public utility from state ownership to private ownership is known as
A:-Liberalization
B:-Privatization
C:-Globalization
D:oint venture
Correct Answer:- Option-B
Question89:-IRDA act was passed in the year
A:-1938
B:-1956
C:-1999
D:-2001
Correct Answer:- Option-C
Question90:-Insurance is a form of protection against a possible
A:-Indemnity
B:-Loss
C:-Damage
D:-Risk
Correct Answer:- Option-D
Question91:-The concept where transactions are entered in the books of accounts at the amount actually involved is known
as
A:-Money measurement concept
B:-Cost concept
C:-Going concem concept
D:-Dual-aspect concept
Correct Answer:- Option-B
Question92:-The standard deals with the bases for recognition of revenue in the statement of profit and loss of an enterprise
A:-AS22
B:-AS19
C:-AS2
D:-AS9
Correct Answer:- Option-D
Question93:-The person who is in reality a partner, but whose name does not appear in any way as partner is known as
A:-Sleeping partner
B:-Nominal partner
C:-Partners in profit only
D:-Partners by estoppel
Correct Answer:- Option-A
Question94:-Huge advertising expenses are incurred to introduce a new product in the market is a
A:-Capital expenditure
B:-Deffered revenue expenditure
C:-Revenue expenditure
D:-None of these
Correct Answer:- Option-B
Question95:-The primary record of a credit purchase of a fixed asset is made in
A:-Journal proper
B:-Purchase book
C:-Cash book
D:-Sales book