Question
Put forth an attempt not to duplicate and make your own working notes please! Cenovus Ltd. gotten 800.156 lakhs pre-charge advantage in the key quarter
Put forth an attempt not to duplicate and make your own working notes please!
Cenovus Ltd. gotten 800.156 lakhs pre-charge advantage in the key quarter finished 30.06.2020 and it wants to accomplish catastrophes of 100.862 lakhs the entirety of the three excess quarters of 2020 - 21. Assessment rate is 30.357%. It has passed on forward absence of 300.156 lakhs for singular expense reason behind which yielded charge resource isn't seen. Figure the extent of commitment costs point by point in the first and second quarters of 2020 - 21.
I. Which of the going with costs will from a piece of plan expenses of significant length headway contract?
(a) Advancement overheads including costs, for example, the arrangement and treatment of progress faculty account.
(b) Inventive work costs for which repayment isn't shown in the course of action
(c) Selling costs like master's prize
(d) General affiliation costs for which repayment isn't shown in the arrangement
II. Provision for terrible and unreasonable responsibilities is made totally expecting veritable dreadful responsibilities subject to:
(a) Business Entity Concept;
(b) Conservatism Concept;
(c) Accrual Concept;
(d) Full Disclosure Concept.
III. The out development of assets for get a resource that will profit the business for more than one bookkeeping period is inferred as:
(a) Miscellaneous Expenditure;
(b) Revenue Expenditure;
(c) Capital Expenditure;
(d) Deferred Revenue Expenditure.
IV. Goods are dispatched off the Branch at cost despite 25%. The stacking on receipt cost is:
(a) 20%;
(b) 25%;
(c) 30%;
(d) None of the recently referenced.
V. Actuarial valuation identifies with:
(a) Banking affiliation;
(b) Electric Supply Company;
(c) Insurance Company;
(d) None of the recently referenced.
VI. Survey costs for marine security confirmation should be
(a) Added to guarantee;
(b) Added to lawful charges;
(c) Added to regulatory charges;
(d) None of the recently referenced.
VII. A advantage on interesting of furniture of a club will be taken to
(a) Cash Account;
(b) Receipts and Payment Account;
(c) Income and Expenditure Account;
(d) Profit and Loss Account.
VIII. Realisation Account is a:
(a) Representative Personal Account;
(b) Artificial Personal Account;
(c) Real Account;
(d) Nominal Account.
IX. Bank shows the game-plan for yearly examination under the head
(a) Contingency Accounts;
(b) Other liabilities and strategies;
(c) Contingent liabilities;
(d) Borrowings.
X. Bank Reconciliation Statement is:
(a) Ledger Account
(b) Part of money book
(c) A separate articulation
(d) A aide of Journal
XI. Income and Expenditure A/c shows enlistments '10,000; Subscriptions gathered in the start of the year and toward the year's end were '1,000 and '1,500 only. The figure of interest got show up in receipts and bits record will be:
(a) 9,500
(b) 10,000
(c) 10,500
(d) 12,000
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