I. You are given the expense and volume data underneath:

Volume Cost

1 unit 15

10 units 150

100 units 1500

What kind of an expense is given?

II. Which of the going with statements is/are legitimate?

(a) When there are checks saved at this point not assembled by the intermediary, overdraft balance as per Pass Book will be not by and large that as indicated by Cash Book

(b) When the portion side of the Cash Book is undercast, overdraft balance as indicated by Cash Book will be more than overdraft balance as per Pass Book

(c) When bargain is to be done with the concentrates of the Cash Book and Pass Book relating to a comparative period, the trades which don't figure in one of the concentrates are to be noted

(d) Bank premium charged in the Pass Book is to be added to Overdraft Balance as per Pass Book to appear at the Overdraft balance as per Cash Book

III. Which of the going with statements is false?

(a) When the bank segment of a Cash Book shows a credit balance, it suggests a whole is a result of the bank

(b) When Pass Book shows a charge balance, it suggests overdraft as per Pass Book

(c) While preparing Bank Reconciliation Statement, registers paid with bank yet not yet cleared are deducted from the Debit balance as per Cash Book to appear at the harmony as per Pass Book

(d) A Bank Reconciliation Statement is a piece of Pass Book

IV. Benefits of preparation Bank Reconciliation Statement consolidates

(a) It draw out any bumbles submitted in arranging of Cash book/Bank Pass Book

(b) Highlights under delay in breathing space of checks put away anyway not credited

(c) Help acknowledge certifiable bank balance

(d) All the three

V. Withdrawal of items from stock by the owner of the business for singular use should be recorded by charging

(a) Drawings Account and crediting Cash Account

(b) Drawings Account and crediting Purchases Account

(c) Purchases Account and crediting Drawings Account

(d) Purchases Account and crediting Capital Account

VI. Which of the going with overhauls the gaining furthest reaches of an asset?

(a) Increase in working restriction of an asset

(b) Reduction in working costs

(c) Replacing hurt bits of an asset

(d) Both (a) and (c) above

VII. Which of the going with things should not be advanced relating to

fixed assets?

(a) Interest payable on propels or surrendered credits taken for the getting or improvement of fixed assets before they are ready for use

(b) Stand by equipment and changing stuff

(c) Expenditure caused on preliminaries and test creation

(d) Administration and general expenses

VIII. Which of the going with attestations are/is substantial? "Events after Balance Sheet" are

(a) All the immense events after the Balance Sheet date

(b) The events after Balance Sheet date yet preceding submitting it to the Registrar of Companies

(c) The events after Balance Sheet date yet before its underwriting by the board

(d) All changes after Balance Sheet date before its support

IX. Which of coming up next is a thing of capital utilization?

(a) Research and progression costs during the year

(b) Interest on gained resource utilized for acquisition of Office Furniture

(c) Installation blames paid related for the procurement of Office Equipment

(d) Monthly rent of a mechanical assembly used in the business

X. Which of coming up next is certainly not a yielded pay utilization?

(a) Expenses with respect to issue of significant worth offers

(b) Preoperative expenses

(c) Heavy elevating expenses to introduce another thing

(d) Legal costs caused in defending a suit for break of consent to supply items

XI. Which of the going with should not be treated as pay use?

(a) Interest on credits and debentures

(b) Annual fire security costs on Plant and Equipment

(c) Sales charge paid in regards to the securing of office equipment

(d) Small utilizes on apparently ceaseless assets, for instance, ' 20 for a paper weight.