No wrong answers please!

Issue 1:

(a) Standard time is 60.37 hours and guaranteed time rate is 50.93 every hour. Under Rowan plan, what is the proportion of wages, if work is done in 48.46 hours?

(b) If the overhead ingestion rate is 130.4672 every hour, the creation hours are 301.9619 and the under maintenance being 3,028.36. What may be the real expenses?

Issue 2:

(i) Which of-the accompanying exchange isn't recorded in real money book?

(A) Bad obligations recuperated

(B) Prepaid costs

(C) Trade markdown permitted

(D) Freight paid for getting a resource

(ii) Credit acquisition of fixed resource is recorded in

(A) Journal appropriate

(B) Purchase book

(C) Cash book

(D) Petty cash book

(iii) Expenses paid yet not gathered methods

(A) Capital costs

(B) Outstanding costs

(C) Prepaid costs

(D) Cash

(iv) Till the limited bill is paid by the acceptor, it stays as

(A) a unexpected obligation

(B) a current responsibility

(C) an resource

(D) an cost

(v) The measure of yearly deterioration under recorded worth technique

(A) remains same throughout the long term

(B) decreases step by step

(C) increases step by step

(D) fluctuates

(vi) Goods bought from Mr. A however wrongly entered in the record of Mr. B. The correction of mistake will result in

(A) increase in net benefit

(B) decrease in net benefit

(C) no impact on net benefit

(D) either An or B

(vii) When cash got for administrations delivered before

(A) Owner's value increments

(B) Current resource increments

(C) Profit increments

(D) None of the abovementioned

(viii) Stock in the hand of the recipient is esteemed

(A) at market cost or cost value whichever is less.

(B) at selling cost.

(C) at cost after incorporation of proportionate non-repeating costs.

(D) at transfer cost.

(ix) Noting charges are paid by

(A) the drawee

(B) the cabinet

(C) the payee

(D) the acceptor

(x) The valuation strategy for stock is cost or net feasible worth, whichever is lower. The technique follows according to

(A) Historical Cost Concept

(B) Going Concern Concept

(C) Money Measurement Concept

(D) Conservatism Concept