Question 1:

Hizon Company is a substance producer that arrangements various things to mechanical customers.

The association means to introduce another manufactured course of action called Cherifer, for which it needs to encourage a standard thing cost.

The going with work information is open on the making of Cherifer:

The thing, which is bundled in 10-liter compartments, is basically a blend of Byclyn, Salex, and Protex.

The finished thing is uncommonly unstable, and one 10-liter gathering out of six is excused at definitive assessment. Excused groups have no business regard and are thrown out.

It takes an expert 35 minutes to manage one 10-liter cluster of Cherifer.

Agents work eight hours consistently, including the hour out of every day for rest breaks and cleanups.

What is the standard work time to convey one 10-liter pack of Cherifer?

(a) 40 minutes

(b) 35 minutes

(c) 45 minutes

(d) 48 minutes

Question 2:

At the year's end 2017-18, Prepaid Insurance Premium '7,500 appeared in the Trial Balance, it will be showed up

(a) only in Profit and Loss Account.

(b) only in Balance Sheet.

(c) both in Profit and Loss Account and in Balance Sheet.

(d) not in Both in Profit and Loss Account and in Balance Sheet.

Question 3:

Contingent Liability would appear

(a) on the liabilities side of the Balance Sheet.

(b) on the assets side of the Balance Sheet.

(c) as a note yet to be resolved Sheet.

(d) None of the previously mentioned

Question 4:

Debtors Ledger Adjustment Account is opened in the

(a) Debtors Ledger

(b) Creditors Ledger

(c) General Ledger

(d) Both Creditors Ledger and General Ledger

Question 5:

Generally retribution extent is stressed over the condition of

(a) Admission of another accessory

(b) Retirement of an accessory

(c) Dissolution of firm

(d) Conversion of firm into association

Question 6:

KCS purchased a machine from JPS on enroll purchase system, whose cash cost was 8,64,000. ' 2,16,000 being paid on movement and balance in three yearly parts of '2,88,000 each. The proportion of interest associated with first segment would be

(a) 72,000

(b) 57,600

(c) 1,08,000

(d) 36,000

Question 7:

Which of coming up next is a resource asserted by the business to use it for making future advantages?

(a) Loan from Bank

(b) Owner's Capital

(c) Trade Mark

(d) All of the previously mentioned

Question 8:

Chandu and Co's. Record is a

(a) Real Account

(b) Nominal Account

(c) Representative Personal Account

(d) Artificial Personal Accounts

Question 9:

Purchase of a PC for office use wrongly charged to Purchase Account. It is a mix-up of

(a) Omission

(b) Commission

(c) Principle

(d) Misposting

Question 10:

Which of the going with term is for the most part suitable for limiting Patent?

(a) Depletion

(b) Amortization

(c) Depreciation

(d) All of the previously mentioned

Question 11:

Which of the going with commission is allowed by the sender to the delegate to empower the specialist for setting up troublesome work in introducing new thing watching out?

(a) Del-credere Commission

(b) Over-riding Commission

(c) Hard work Commission

(d) Ordinary Commission