Please solve both of the questions with calculation and explanations:

Your partnership is pondering running an endeavor which will fuse a speculation of $1,000,133.82. The thing from the endeavor is embarked to make pay of $250,987.362 in the principal year after the fulfillment of the endeavor and of $420,973.372 on the whole of the two after years. What is significant for the net present assessment of the endeavor over the three years cycle at a rebate speed of 10.3862%?

1. Due to audit sway on update of pay of laborers, the neglected obligations of pay relating to past years, payable in current year is

(a) Prior - period thing

(b) Extra - basic thing

(c) Ordinary thing requiring separate divulgence

(d) Contingent thing

2. Discount given in the Sales - Invoice itself is

(a) Cash markdown

(b) Trade markdown

(c) Rebate

(d) Allowance

3. Canteen expenses are assigned among workplaces in the degree of

(a) Departmental floor space

(b) Departmental direct wages

(c) Departmental bargains

(d) Departmental No. of laborers

4. A non-performing asset is:

(a) Money at call and short warning.

(b) Cash counterbalance with bank

(c) An asset that stops to make pay

(d) None of the previously mentioned

5. Which of coming up next is certainly not a Qualitative property of Financial Statement?

(a) Cost Principle

(b) Understandability

(c) Relevance

(d) Reliability

6. Name the book where, entries are recorded dependent on loan notes gave.

(a) Sales Book

(b) Purchase Book

(c) Sales Return Book

(d) Purchase Return Book

7. Exception to consistency rule is

(a) Cost Principle

(b) Going Concern Principle

(c) Matching Principle

(d) Prudence Principle

8. The harmony in move account shows

(a) Amount receivable from beneficiary

(b) Amount payable to beneficiary

(c) Profit/disaster using a loan

(d) Closing stock with delegate

9. Provision for horrendous commitments is

(a) Real Account

(b) Nominal account

(c) Personal account

(d) None of the previously mentioned

10. The business is treated as indisputable and separate from its owners dependent on the

(a) Going concern thought

(b) Conservatism thought

(c) Matching thought

(d) Business component thought

11. Both cash and credit trades are recorded, in view of

(a) Accounting Period Concept

(b) Going Concern Concept

(c) Business Entity Concept

(d) Accrual Concept

12. Which of the going with book is both a journal and a record?

(a) Cash Book

(b) Sales Day Book

(c) Bills Receivable Book

(d) Journal Proper