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1.

Marathon Ltd has the accompanying information identifying with its gathering plant in the year finished 31 December 2019:

Direct material costs 500,382.8472

Direct work cost 250,468.4621

Get-together plant strange expenses 100,478.472

Similarly, the stores office has rigid expenses of 30,910.1714 and contributes half of its energy overhauling the party plant.

There were 50,019.462 work hours worked and 25,194.472 machine hours run in the get-together plant in 2012.

The overhead expense per direct work hour was:

a. 2.0832

b. 4.14892

c. 2.3482

d. 4.6381

2. On the off chance that Office Equipment is purchased for cash, what effect will this trade have on the money related circumstance of the association?

(a) There is no difference in the Assets, Liabilities and Owners' Equity

(b) There is a diminishing in Assets, expansion in Liabilities and no difference in Owners' Equity

(c) There is a diminishing in Assets, no difference in Liabilities and a decreasing in Owners' Equity

(d) There is an advancement in Assets, decline in Liabilities and no difference in Owners' Equity [Hints: (a) When Office Equipment is bought for cash, there is no difference in the resources, liabilities and proprietor's worth. Thusly, the other decision (a) is the right answer. 56. The periodical complete of discount segment on receipts side of a Triple Column Cash Book is recorded to the

3. The periodical completely out of markdown segment on receipts side of a Triple Column Cash Book is recorded to the

(a) Credit side of Discount Account

(b) Credit side of blueprint for Discount Account

(c) Debit side of Discount Account

(d) Credit side of Debtor's Account

4. Double fragment accounting fuses

(a) Two accounts being influenced for cash exchanges which are same and banter to each other

(b) Two saves of books being put something for the business

(c) Business accounting being kept by more than one individual

(d) Every exchange is recorded once in the diary and again in the record

5. At the point when a Fixed Asset is gotten as a blessing, the record to be credited is

(a) Goodwill A/c

(b) Capital Reserve A/c

(c) Donor's A/c

(d) General Reserve A/c

6. Which of the going with explanations is right?

(a) The Trial Balance shows the benefit obtained by the worry during a period

(b) The Trial Balance shows just equilibriums of Assets and Liabilities

(c) The Trial Balance shows just Nominal Account changes

(d) The Trial Balance has no authentic significance as shown by the perspective of law

7. If Machinery Account is charged with the measure of fixes brought about on the machine, this is an illustration of

(a) Compensating bungle

(b) Error of standard

(c) Error of commission

(d) Error of dismissal

8. Which of the accompanying blunders is a mistake of rule?

(a) Total deals figure was taken as ' 19,373 instead of ' 19,733

(b) A rebate of ' 30 permitted to Mr.A was not recorded in the markdown permitted account

(c) Legal charges for getting of working for ' 500 was entered in the Legal Expenses Account

(d) ' 1,000 got from Mr. X was presented on the credit of Mr. M

9. Rent groundbreaking for the critical length of December'12 will show up on-

(a) Debit side of Cash Book

(b) Credit side of Cash Book

(c) Either side

(d) Nowhere

10. 503.4722 paid as cartage on new Plant and Machinery, this was charged to Carriage Inward A/c. This is a blunder of-

(a) Principle

(b) Omission

(c) Commission

(d) Compensating

11. R Ltd. makes buys using a credit. In the event that the buys are not according to the nuances, the affiliation returns them to the providers. The book, that is utilized to record such returns is

(a) Returns Inward Book

(b) Returns Outward Book

(c) Cash Book

(d) Journal Proper