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Accounting
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Q761

If Fixed cost = Rs. 2,50,000;
Variable cost = Rs. 10 per unit
Selling price = Rs. 15 per unit and
Production level = 75,000 units
Calculate profit earned by using marginal costing technique

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Q762

Which one of the following statements is not true?

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Q763

Consider the following statements:
Assertion (A): Accounting is the language of business.
Reason (R): Accounting provides all information needed by a businessman.
Now select your answer:

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Q764

Which of the following companies can adopt "Table A" in place of articles of association:

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Q765

Cash flow Statement is governed by

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Q766

Unexpired discount on discounted bill is

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Q767

Method/methods of accounting for amalgamation

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Q768

Which one of the following does not form part of the managerial skills:

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Q769

The Double Entry System of accounting originated in:

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Q770

If the cost of goods sold is Rs. 1,20,000 and gross loss is

\frac{1}{4}^{th}

of the selling price, then the selling price would be
or
If cost of goods sold is Rs. 1,20,000 and gross loss is 25% of sales, then what will be the amount of sales?

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Q771

A machine was purchased on 1^st January 1992 for Rs. 5,00,000. A further sum of Rs. 5,000 for railway freight, Rs. 500 for local carriage and Rs. 5,000 on installation was spent on it. Depreciation is to be charged at 10% per annum on the written-down value method. On 31^st December 1994 the book-value of the machinery will be:

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Q772

How are all adjustments made when capital accounts are fixed?

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Q773

Match both the lists and select the correct answer:

List-I	List-II
a. Liquidity test	1. $\frac{All business creditors}{Average per day credit purchase}$
b. Functional ratio	2. $\frac{Subscribers fund}{Total assets}$
c. Prosperity	3. $\frac{Gross profit}{Net sales} \times 100$
d. General profitability	4. $\frac{Current assets}{Current liabilities}$

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Q774

A, B and C enter into a partnership investing Rs. 35,000, Rs. 45,000 and Rs. 55,000 respectively. Find their respective shares in annual profit of Rs. 40,500.

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Q775

Which of the following statement is incorrect?

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Q776

In case of a company limited by shares the liability of a member is limited to the extent of:

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Q777

For calculation of interest on drawing by a partner the following method can be used:

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Q778

Which of the following transactions involve flow of fund:

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Q779

A company may adopt policy to ''window dressing'' by manipulating the data such as
1. inventory valuation
2. omission of liability for goods purchased
3. treating short-term liability as long term debt
4. recording in advance cash receipts applicable to next accounting period
Select the correct answer:

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Q780

When the purchasing company makes payment of the purchase consideration, it debits

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