1.Walls sold Omani Rial 3,22,890.87 worth spot to your customer at

$658.43 per OMR and peddled yourself in Uk stock exchange around a similar time,

right when the exchange rates were

GBP 1 = OMR 0.8748 0.9851

Close by cover bank market rates for GBP were

Spot GBP 1 = $80.7125 /80.8689

Figure cover rate and become familiar with the advantage or hardship in the trade. Disregard

agent.

2. Mr. X offered merchandise to Mr. Y askMr. X to save the products with him for quite a while

a) emblematic conveyance

b) real conveyance

c) valuable conveyance

d) none of these

3. On the off chance that nothing is expounded on the bookkeeping expectation to be followed it is assumed that

a) They have been followed

b) They have not been followed

c) They are followed somewhat

d) none of these

4. Capital A/c is a _______ A/c.

a) Personal

b) Real

c) Nominal

d) None

5. Money A/c is a ________ A/c.

a) Personal

b) Real

c) Nominal

d) None

6. The rule Debit the collector and credit the giver is connected to_____

a) Personal a/c

b) Real a/c

c) Nominal a/c

d) None

7. According to the Matching idea, Revenue - ? = Profit

a) Expenses

b) Liabilities

c) Losses

d) Assets

8. Deals - Gross Profit = ________

a) Cost of products sold

b) Net deals

c) Gross Sales

d) Liabilities

9. Which of coming up next is a Real A/c?

a) Building A/c

b) Capital A/c

c) Shyam A/c

d) Rent A/c

10. Valuation of stock in bookkeeping follows the rule of cost or ____ which at any point is lower.

a) Market Price

b) Average Price

c) Net feasible Value

d) None of these.