1.A association is pondering supporting its new exchange peril. It has made a purchase on first. January, 2008 for which it needs to make a portion of British Pound GBP 73,589.79 on September 30, 2008. The current trading scale is 1 GBP  = $ 82.3953. It can purchase forward 1 GBP  at $81.5375. The association will need to make a blunt premium of 12.22% of the forward whole purchased. The cost of resources for the association is 11.26% per annum and the speed of corporate appraisal is 48.5%. Dismissal charge assortment. Consider the going with conditions and register the Profit/Loss the association will make if it upholds its new exchange risk: I. If the trading scale on September 30, 2008 is $ 84.5254 per . ii. If the change scale on September 30, 2008 is $ 83.8955 per . 2. The standard charge all costs and misfortunes and credit all pay and gains identifies with A] Personal record B] Real record C] Nominal records D] All 3. Coordinating with idea implies A] Assets = capital + liabilities B] Transactions recorded at accumulation idea C] Anticipate no benefit except for perceive all misfortunes D] Expenses ought to be coordinated with the income of the time frame. 4. Twofold section framework is utilized in which sort of bookkeeping a) Cost b) Financial c) Management d) All 5. Deals made to Mahesh for money ought to be charged to________________ a) Cash account b) Mahesh Account c) Sales account d) Purchase account 6. Lease paid to landowner ought to be credited to a) Landlords account b) Rent account c) Cash account d) Expense account 7. Money rebate permitted to a borrower ought to be credited to a) Discount account b) Customer's record c) Sales account d) Cash account 8. Monetary bookkeeping is worried about " a) Recording of costs of doing business and income b) Recording of expenses of items and administrations c) Recording of everyday deals d) None of the abovementioned 9. An Ordinance was proliferates to allow foundation of a. mudaraba organizations b. musharika organizations c. murabah organizations d. all of answers are right 10. Exchange of a selling cost among two gatherings selective of reference by dealer to either expenses or asking cost is a. ijarah wa iqtna b. ijarah c. musawamah d. musharika