Which of the following is not regarded as the fundamental accounting concept?
A. The going concern concept
B. The separate entity concept
C. The prudence (conservatism) concept
D. Correction concept
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Securities and Exchange Board of India (SEBI) regulates
A. Commercial Banks
B. Monetary Policy
C. Capital Market
D. All of the above
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A business has the following items in it:
Owner's equity Rs. 6,00,000
Liabilities Rs. 14,00,000
What is the value of Assets?
A. Rs. 6,00,000
B. Rs. 14,00,000
C. Rs. 20,00,000
D. None of these
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Which of the following forms of combination is the weakest:
A. Holding company
B. Federation
C. Association
D. Cartel
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Marginal costing is concerned with:
A. Fixed cost
B. Variable cost
C. Semi-variable cost
D. None of the above
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Which of the following is not correctly matched?
A. Entrepreneurship Development Institute of India ⇔ Ahmedabad
B. National Institute for Entrepreneurship and Small Business ⇔ Hyderabad
C. Indian Institute of Entrepreneurship ⇔ Guwahati
D. National Small Industries Corporation ⇔ New Delhi
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SEBI was established and its head office is-
A. 1992 Delhi
B. 1988 Lucknow
C. 1988 Mumbai
D. 1998 Kolkata
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The higher the reinvestment of profits, the . . . . . . . . . will be the quantum of dividend to the shareholders.
A. Zero
B. Neither less nor more
C. More
D. Less
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From the following techniques of capital budgeting decision, indicate the correct combination of discounting techniques:
I. Profitability index
II. Net present value
III. Accounting rate of return
IV. Internal rate of return
A. I, II, III
B. II, III, IV
C. I, II, IV
D. I, III, IV
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Sales are equal to:
A. Cost of goods sold + gross profit
B. Cost of goods sold - gross profit
C. Gross profit - Cost of goods sold
D. None of the above
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The most dominating cause of environmental pollution is
A. Industrialisation
B. Increasing population
C. Use of chemicals in agriculture
D. Mining
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Accounting principles are generally based on:
A. Practicability
B. Subjectivity
C. Convenience in recording
D. None of these
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User of financial statement is:
A. Management
B. Creditors
C. Bankers
D. All of the above
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Hardware of computer system means:
A. Experts who handle computers
B. Equipment's and tools used
C. data and information
D. method and models
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Which of the following is time span into which the total life of a business is divided for the purpose of preparing financial statements?
A. Fiscal year
B. Calendar year
C. Accounting period
D. Accrual period
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Which of the following statements is not correct?
A. The cost of capital is required rate of return to ascertain the value of the firm
B. Different sources of funds have a specific cost of capital related to that source only
C. Cost of capital does not comprise any risk premium
D. Cost of capital is basic data for NPV technique
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In e-commerce, one of the key design elements of an effective website-community refers to
A. Its layout and design
B. The way site enables user to user communication
C. Site's ability to tailor itself to different users or to allow users to personalize the site
D. Degree that the site is linked to the other sites
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Mutually exclusive projects can be more accurately ranked as per
A. Internal rate of return method
B. Net Present Value Method
C. Modified Internal Rate of Returns Method
D. Accounting or Average Rate of Return Method
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Which expenses is a Capital Nature?
A. Depreciation
B. Wages
C. Salary
D. Stationary
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Horizontal Combination' refers to combination of two or more business concerns:
A. Producing different but related goods
B. Producing same or similar goods
C. Engaged in activities complimentary to each other
D. Engaged in activities or production of essentially different nature
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