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Question 1:

Part (1): If unsold product costing 20,956.5625 is taken over by venturer at 15,416.463, By what total the joint undertaking record will be credited?

Part(2): AB union spending plans for fixed overhead of $ 24,000 and Production of 4800 units. Legitimate Production is 4200 units. Whenever fixed overhead expense augmented is $ 22,000, the Fixed overhead volume cutoff will be

Question 2:

(i). Advertising expenses for dispatching another consequence of the association is .

(A) Revenue utilization

(B) Capital utilization

(C) Deferred pay utilization

(D) Deferred capital utilization

(ii). In case of, put away of c heque into bank at this point not assembled, the harmony is less as indicated by

(A) Cash book

(B) Pass book

(C) Pass book overdraft

(D) Both (A) and (B)

(iii). Which of coming up next isn't a paper trade?

(A) Charge of debasement

(B) Discount got

(C) Bad commitments limited

(D) Cash taken from office

(iv). Which of coming up next is capital utilization?

(A) Repairs of fixed asset

(B) Demolition cost

(C) Locker rent

(D) Annual participation

(v). does fulfill the limit of both a journal and a record.

(A) Purchase book

(B) Cash book

(C) Sales book

(D) Bills Payable book

(vi). Which of coming up next is fake individual record?

(A) SBI account

(B) Wages paid record

(C) Discount got account

(D) Drawings account

(vii). Accounting cycle closes with game plan of .

(A) the journal/record

(B) the primer balance

(C) the monetary outline

(D) the closing sections record

(viii). Journal authentic uses to record .

(A) bad commitments recovered

(B) all cash procurement of assets other than items

(C) writing of terrible commitments

(D) purchase of items utilizing a charge card

(ix). Accounting doesn't record non-financial trades because of

(A) Entity thought

(B) Accrual thought

(C) Cost thought

(D) Money assessment thought

(x). Narration is given close to the completion of

(A) Final accounts

(B) Trial balance

(C) Each record account

(D) Each journal section

(xi). Which one of coming up next is a representation of Personal Account?

(A) Machinery

(B) Rent

(C) Cash

(D) Creditor