Kerala PSC Previous Years Question Paper & Answer
Page:12
Below are the scanned copy of Kerala Public Service Commission (KPSC) Question Paper with answer keys of Exam Name 'LOWER DIVISION CLERK APEX SOCIETIES OF COOPERATIVE SECTOR IN KERALA' And exam conducted in the year 2018. And Question paper code was '075/2018'. 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.
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Trade discount is recorded :
(^) Inthe P&L A/c
(B) In the Balance Sheet
(C) Both in the P&L A/c and Balance sheet
(D) Nowhere
is the expenditure of a revenue nature, the benefit of which lasts for more than one
accounting year.
(¢) Capital Expenditure 8) Revenue Expenditure
(C) Recurring Expenditure (D) Deferred Revenue Expenditure
That part of subscribed capital set apart to be called only at the time of liquidation of a company 18
called :
(A) Capital Reserve (8) Reserve capital
(C) Risk capital (D) Redundant capital
The type of depreciation by which the value of an asset is reduced due of change in technology or
fashion is called
(^^) Amortisation (8) कालान
(C) Obsolescence (D) Fluctuation
is the amount received by non-profit making organisations on the death of a person as per
his will.
(^) Legacy (8) Honorarium
(C) Donation (D) Pre-emptive right
15 the amount of profit earned by a concern over and above the normal return expected on
its investment.
(^) Average profit (8) Revenue profit
(ಲ) (शव profit (D) Super profit
Calls-in-advance is a/an 10 8 company.
(A) Loss (B) Liability
(C) Asset (D) Profit
075/2018 12 A
