Help! Urgent Assignemnt question.

Question 1:

Decide Margin of Safety from the going with data: Sales 30,00,482; Fixed costs 9,00,371; Profit 6,00,129.

Question 2:

1. If a delegate of the business records a real suit on business, it is

considered in the books as

(a) Legal Expense

(b) Liability

(c) Contingent Asset

(d) Contingent Liability

2. At the completion of the accounting year the capital utilizations are showed up in the

(a) assets side of the Balance Sheet.

(b) liabilities side of the Balance Sheet.

(c) debit side of the Profit and Loss A/c.

(d) credit side of the Profit and Loss A/c.

3. Which of coming up next isn't a technique for charging decay?

(a) Sinking Fund Method

(b) Sum of years Digit Method

(c) Working hours Method

(d) Asset's Life-cycle Method

4. If typical stock is '1,25,000 and closing stock is '10,000 not actually opening stock then the advantage of closing stock will be

(a) 1,35,000

(b) 1,15,000

(c) 1,30,000

(d) 1,20,000

5. The Accommodation bill is drawn

(a) to cash veritable purchase or offer of product.

(b) to empower trade transmission.

(c) when the two players are requiring saves.

(d) None of the previously mentioned

6. Balance of X's record in credit supervisors record is moved to X's record in borrowers record, for the present circumstance

(a) X's record in account holders record will be charged.

(b) X's record in credit supervisors record will be charged.

(c) Suspense record will be charged.

(d) None of the previously mentioned

7. Ground rent or surface rent suggests

(a) Minimum rent

(b) Maximum sway payable

(c) Minimum power payable

(d) Fixed rent payable despite least rent

8. Accounting standard in India are given by

(a) Government of India

(b) Reserve Bank of India

(c) The Institute of Chartered Accountants of India

(d) The Institute of Accounting Standard of India

9. As on 31st March, 2017 borrowers and extra horrible commitments are ' 8,00,000 and ' 10,000 exclusively. Expecting the game plan for horrendous commitments is made at 5% on obligation holders, proportion of such course of action will be

(a) 40,000

(b) 50,000

(c) 39,500

(d) 40,500

10. Income and Expenditure Account is a

(a) Nominal Account

(b) Real Account

(c) Personal Account

(d) Artificial Personal Account