(i) XYZ bought a machine from ABC on select buy framework, whose money cost was $8,64,056.53. $2,16,092.62 being paid on transport and equilibrium in three yearly fragments of $2,88,0092.64 each. The extent of interest related with initial segment would be

(A) $ 72,000

(B) $ 57,600

(C) $ 1,08,000

(D) $ 36,000

(ii) Which of the going with book is both a diary and a record?

(A) Cash Book

(B) Sales Day Book

(C) Bills Receivable Book

(D) Journal Proper

(iii) Interest loosened up past time account is a

(A) Nominal Account

(B) Real Account

(C) Artificial Personal Account

(D) Representative Personal Account

(iv) Shiva draws a bill on Sanat on 25th October, 2018 for 90 days, the improvement date of the bill will be

(A) 27th January, 2019

(B) 26th January, 2019

(C) 25th January, 2019

(D) 28th January, 2019

(v) Peeru and Simu are entered occupied with purchase and offer of food grain for a time of one year and sharing the benefit in the degree of 3 : 2, this arrangement is a

(A) Partnership

(B) Consignment

(C) Joint-experience

(D) Lease

(vi) At the year's end 2017-18, Prepaid Insurance Premium $ 7,500 showed up in the Trial Balance, it will be appeared

(A) only in Profit and Loss Account.

(B) only in Balance Sheet.

(C) both in Profit and Loss Account and in Balance Sheet.

(D) not in Both in Profit and Loss Account and in Balance Sheet.

(vii) Contingent Liability would show up

(A) on the liabilities side of the Balance Sheet.

(B) on the resources side of the Balance Sheet.

(C) as a note yet to be settled Sheet.

(D) None of the recently referenced

(viii) Debtors Ledger Adjustment Account is opened in the

(A) Debtors Ledger

(B) Creditors Ledger

(C) General Ledger

(D) Both Creditors Ledger and General Ledger

(ix) Generally retaliation degree is worried about the state of

(A) Admission of another embellishment

(B) Retirement of an embellishment

(C) Dissolution of firm

(D) Conversion of firm into affiliation

(x) Both money and credit exchanges are recorded, taking into account

(A) Accounting Period Concept

(B) Going Concern Concept

(C) Business Entity Concept

(D) Accrual Concept

(xi) Which one of the going with rehearses is outside the space of financing choice in cash related association?

(A) Identification of the wellspring of assets

(B) Measurement of the expense of assets

(C) Deciding on the hour of raising the assets

(D) Deciding on the usage of the assets