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1. Kristina Company gave the 2015 monetary reports on March 1, 2016. The substance gave the going with data to the year completed December 31, 2015:

Aggregate owing to another substance for organizations conveyed during

December 2015 300,000

Evaluated long assistance leave inferable from laborers in respect of past organizations 1,200,000

Evaluated cost of moving a delegate from head office to a branch around there (specialist will genuinely relocate in January 2016) 100,000

Evaluated cost of redesiging machine predictably 150,000

What entirety should be seen as plan on December 31, 2015?

a. 1,200,000

b. 1,300,000

c. 1,600,000

d. 1,750,000

2. In the books of the bureau, the accounting treatment needed on receipt of a bill of exchange appropriately recognized by the drawee is

i. Debit Bills Receivable Account

ii. Debit Drawee's Account

iii. Credit Drawee's Account

iv. Credit Sales Account

(a) Only (I) above

(b) Both (ii) and (iv) above

(c) Both (I) and (iii) above

(d) Both (I) and (iv) above

3. The observing charges forced on disgrace of an upheld bill by the Notary Public are to be borne by

(a) The bureau of the bill

(b) The individual responsible for disgrace

(c) The holder of the bill

(d) The endorser of the bill

4. The bureau of a trade charge passes relevant entries concerning the trade related with it. In any case, in case of a comfort charge, he passes an entry despite the normal segments. The additional segment so passed is in regards to

(a) Discounting of the bill with the bank

(b) Payment of the bill on due date

(c) Remitting or tolerating the whole

(d) Sending the bill to bank for arrangement

5. Which of the going with affirmations is/are substantial?

(a) Noting charges are paid by the holder of the bill on the date of default

(b) A bill can be upheld simply triple

(c) On re-energizing of bill the old bill is dropped

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

6. When bill restricted with the bank is disgraced?

(a) Acceptor's Account is charged in the books of bureau

(b) Bills Receivable Account is credited in the books of bureau

(c) Bank Account is charged in the books of bureau

(d) Bills Payable Account is charged in the books of bureau

7. Which of the going with declarations is/are fake?

(a) Accommodation bills are attracted to help bureau so to speak

(b) Bills sent for grouping is an asset

(c) Bills of exchange can't be drawn on a lender

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

8. Under which of the going with conditions, is journal segment not passed in the books of the bureau?

(a) When a restricted bill is regarded by the drawee on the due date

(b) When a bill is transported off the bank for variety

(c) When a bill is restored in accordance with the drawee

(d) When a borrower recognizes a bill drawn by the bureau

9. Which of coming up next isn't a segment of a promissory note?

(a) It ought to be recorded as a printed copy

(b) It contains an unfit assurance to pay

(c) It is payable to the transporter

(d) It ought to be supported by the maker

10. Over which the going with costs, the heads is presumably going to have least control?

(A) Wages cost

(B) Building Insurance cost

(C) Machinery Breakdown cost

(D) Advertisement cost