at INDIAN INSTITUTE OF TECHNOLOGY, DELHI and staat: sear, fect DATED: 30/11/2019 TOTAL TIME: 120 MAX MARKS: 70 MINUTES featie: 30/11/2019 Bea wre: 120 ac | afer a: 70 ROLL NUMBER/ Wa at: NAME/ ara : Question paper cum Answer book for the Candidates for the post of & ag & faw sesfigant & fae wer oa ae See yfeTaT Please go through the Instructions carefully before attempting the questions. This paper contains 70 objective type questions which are of equal marks. All the questions have four alternatives out of which only one is correct. In the OMR Sheet provided to you, please darken the correct alternative. Marks will only be awarded for single correct alternative marked by the candidate. In case in any OMR sheet against any question more than one alternative has been darkened, his/her candidature will be treated as cancelled. There will be no negative marking for wrong answers, Use of any helping aid like calculators, etc are not allowed. No extra sheet will be provided Enough space has been provided for rough work. sa oer Ft 70 aftesifttea crey geet ga S att Gare Hart & ela Bl weit weet ay fasnes ez, fet & daa ca wet Si aga veer AY aS sites ete A, HoT HET fawes HT SRT atl daa soca cant festa wae wel feed & fare se vers Pee areet feet att gem & feet fret ft sway ete A un S arte ees aethr af art we, Test seaheart wae ax at ares ort saat a fare ald romerearr siaver ava? ators feet sf SoRUT SH ahora, anf & seater srepafe et 1 aS sifatterct cae saret ait Pere Sea TR ara fore gates eerat Vater PAT aT SI PART-I2 GENERAL ENGLISH In the following questions, out of the four alternatives, choose the word which best expresses the meaning of the given word, 1 INSOLENT (A) DISTASTEFUL (B) IMPATIENT (©) DIABOLIC (D) RUDE 2 Magniloquent (A) Amusing (8) Humorous (©) Boastful (D) Intelligent 3. Yokel (A) _ Intrigue (B) Simple-minded (C) Victorious (D) Noise 4 Imbecile (A) Sane (B) Astute (©) Foolish (D) Aid 5 Epitome (A) Precise (B) Summary (©) Spurn (0) Exemplar Read the passage carefully and select the best answer to each question out of the given four alternatives. “ransactional Analysis has the triangle of PAC. P means parent, A means adult, C means child, These are your three layers, as if you are a three-storied building. The first floor is that of the child, the second floor is that of the parent, the third floor is3 that of the adult. All three exist together. This is your inner triangle and conflict. Your child says one thing, your parent says something else, and your adult, rational mind says something else. The child says ‘enjoy’. For the child, this moment is the only moment; he has no other considerations. The child is spontaneous, but unaware of the consequences — unaware of past, unaware of future. He lives in the moment, He enjoys — but his enjoyment is not creative, cannot be creative. He delights — but life cannot be lived only through delight. You cannot remain a child forever. You will have to learn many things because you are not alone here....The child has to be disciplined — and that’s where the parent comes in. The parental voice in you is the voice of the society, culture, civilization; the voice that makes you capable of living in a world where you are not alone —where there are many individuals with conflicting ambitions, where there is much struggle for survival, where there is much conflict. The parental voice is that of caution. It makes you civilized. The word ‘civil’ is good, It means ane who has become capable of living in a city, who has become capable of being a member of a group, of a society. It is needed. And then there is the third voice within you, the third layer, when you have become adult and you are no longer controlled by your parents; your own reason has come of age, you can think on your own. And these three layers are continuously fighting. The child says one thing, the parent says just the opposite, and the reason may say something totally different. There is no necessity that your adult mind agrees with your Parents. Many times you find them very dogmatic, superstitious, and believing in foolish things, irrational ideologies. Your parent says do it, your adult says it is not worth doing, and your child goes on pulling you somewhere else. This is the triangle within you. Whom do we find dogmatic many times? (A) Parent (8) Child (©) Adutt (D) All of the Above What is the triangle within us? (A) We are like a three storied building where in the first floor is of the child, the second floor is that of the parent and the third floor is that of the adult (B) The child is spontaneous, the parental voice is that of a caution and the adult has himself come of an age. (©) Whenever you want to do something-your parent says do it, your adult says it is not worth doing and your child goes on pulling somewhere else. (0) Our parent makes us sensible, our adult makes as rational and disciplined and one child makes us carefree. Why you cannot remain a child forever? (A) Because you are not alone here. (B) Because you have to become a parent (©) Because you have to be disciplined.10 4 (D) Because you have to become capable of living in the city What happens when you become an adult? (A) Being an adult gives us a vision and a mission, (B) Being an adult we are no longer controlled by our parents. (©) Being an adult the child inside you gets lost somewhere (D) Being an adult gives you strength to fight against all odds. According to the passage, you are not capable of being a member of a group, of a society until you become (A) Parent (8) Civil (©) Dogmatic (D) Audacious In the following questions, one part of the sentence may have an error. Find out which part of the sentence has an error. If the sentence is free from error, click the "No error" option. Mt 12 13 Could she cite (A)/ any precedent in support (B)/ for her case? (C)/ No Error (D) A B Cc D The General Manager of the industry has felt (A)/ that there is no use of (B)/ discussing about the problems with the laborers. (C)/No Error (D) (A) (8) (©) (D) gon» She enquired from the stranger (A)/ who was he and (B)/ what he wanted from her. (C)/ No Error (D) Ss goo>14 15 I always enjoy (A)/ to read (B)/ books (C)/ No Error (D) (A) A (8) B © ¢ (0) D Neither of the scout leaders know (A)/ how to trap wild animals (B)/ or how to prepare them for mounting (C)/ No Error (D) (A) A (8) B @ ¢ (D) D6 PART-II ACCOUNTS & OFFICE PROCEDURE 16 Which of the following states that insignificant events need not be recorded: (A) Consistency Concept (B) Conservatism Concept © Money Measurement Concept (0) Materiality Concept ea Fa ata wag carer 8 Ph sreeapl weanait at aot ae Fae oTeT TIT: (A) Fafa sea (8) wigarg HAUT © Agr ATI HART (D) atfaenar seer 17. Ascertain cost of goods sold from the following figure: Opening Stock: Rs. 8500 Purchases: Rs, 30,700 Direct Expenses: Rs. 4,800 Indirect Expenses: Rs. 5,200 Closing Stock: Rs. 9,000 (A) Rs. 40,000 (8) Rs. 32,000 © Rs, 35,000 (0) Rs. 41,450 faeatated aiae a aah ag sega A rere HT TA eat: Squlest Fels: Rs. 8500 wi: Rs. 30,700 werar era: Rs. 4,800 aryeuat era: Rs, 5,200 ‘Barta Few: Rs. 9,000 (A) Rs. 40,000 (B) Rs. 32,000 (C) Rs. 35,000 (D) Rs. 41,45018. Interest is debited to asset account in (A) Annuity Method (B) Depreciation fund Method © Written down Value Method (0) None of the Above ware wr oRtaafe ara HF Sfke fear sree (A) ang Fare (8) ‘aparere feater Fever © apa RY Fa (0) gare STS ah eT 19 Depreciation is a process of which one of the following ? (A) Valuation of assets (8) Allocation of acquisition cost over the estimated useful life of the asset © Allocation of realizable value over the estimated useful life of the asset (0) Estimating the market value of the asset on the balance sheet date apres freafetara Fe fart war shear 8? A ‘data ar apaiaat (8) aiafer & arapenroter sree Street oe srferargor St orrarer oar sTeaT © sofa & srpenfets soeteht Strat oe aah ates aes ar set (D) Soke afte fare ve ofeaaft & arene Fea aT Hep STAT 20 A particular firm provided the following data fora year— Current Ratio 265 : 1 Liquid Ratio 165 : 1 Net Working Capital : Rs. 3,00,000 What are the current assets and current liabilities of this firm, respectively ? (A) Rs. 3,00,000 and Rs. (8) Rs. 5,00,000 and Rs. (C) Rs. 2,00,000 and Rs. (0) Rs, 3,00,000 and Rs.2 2 aie rua 1° ‘az afta Stem: Rs. 3,00,000 ga wet A acer wate athe aor Sarat wae: FAT g? (A) Rs. 3,00,000 and Rs. 1,50,000 (B) Rs. 5,00,000 and Rs. 2,00,000 () Rs. 2,00,000 and Rs. 5,00,000 (D) Rs. 3,00,000 and Rs. 1,00,000 ‘The net profits of a business after providing for taxation for the past five years are Rs. 80,000, Rs. 85,000, Rs. 92,000, Rs. 1,05,000 and Rs. 1,18,000, Capital employed in the business is Rs. 8,00,000. Normal rate of return is 10%. What is the value of goodwill on the basis of capitalization of super profit method ? @ Rs, 1,00,000 (8) Rs. 1,50,000 © Rs. 1,60,000 0) Rs, 1,80,000 Red ga ast & fre ert sare Het FH are Pelt eaATT HT YH ATT Rs. 80,000, Rs. 85,000, Rs. 92,000, Rs. 1,05,000 att Rs. 1,18,000 ga #1 samart# Praia galt Rs. 8,00,0001 feat Ht areem ax 10% $1 A wie Ferfty as iohencor & HUE Ie AEST BT eT AT a? A) Rs, 1,00,000 @®) Rs, 1,50,000 (©) Rs, 1,60,000 (0) Rs. 1,80,000 The following information is disclosed by ‘A’— Rs. Provision for doubtful debts as on 1.1.2006 : 6,000 Bad debts written off during the year 2006 11,200 Total debtors as on 31.12.2006 : 80,000 A provision for Doubtful Debts to be made @ 5% What is the amount to be shown on the credit side of P/L A/c? (a) Rs. 4,800 (8) Rs. 2,400 © Rs. 1,200 (0) Rs. 80023 24 9 fateet oreramrft 'A’~ gan vere Br orett 81 BAe ery aT MTT 1.1.2006 wr: Rs.6,000 ; wire UH oT at 2006 & chia feat war THT Rs. 1,200; ar Qa 31.12.2006 : Rs. 80,000; aera aor & far wae @ 5% fra wars; P/LA/ c& wide ser we Gets ae arch Tie Fa BP (a) Rs. 4,800 (8) Rs. 2,400 © Rs, 1,200 (0) Rs. 800 Which of the following statements is/are correct ? 1. Internal control includes quality control. 2. Internal control is compulsory for all forms of business orga 3. Internal control helps external auditor to design suitable audit programme for client's organization. Select the correct answer using the code given below— (a) 1 Only (B) 2 Only (© 3 Only (0) 1 and 3 Only Prrsiferftre AB ater ar ert ae F / 82 4, atta Rew feria at qoraer riser entire 81 2. walt wae & carat Gareeil & fare safe fereiaer arferart 31 3. attra faeiaor areth aiffSex wy mew & Haron & fare soe aie HAT can ae F Hag eRe eI afte fae are ats apr Soa a AY SAT aT TaTaT HT (A) aa 1 (B) Serer 2 © ae 3 (D) aaa 1&3 If an expense on major repairs of a machinery purchased second-hand has been debited to repairs account, it involves : (A) ‘An error of commission (B) An error of Omission © An error of principle (D) No error25 26 10 3 frat Guia wich 16 afar A att era ad Ft a FU a aS fear aan &, at gat fers enter f: @) sates ea gE @) ap fr um ate © Ragin wer gfe (0) ai$ act aét Rent of Proprietor’s residence amounting Rs, 6000/- was debited to Rent Account. The error was noticed and a Journal entry rectifying the error has to be posted. What are the accounts head involved in rectifying entry: (A) Miscellaneous A/c and Rent A/c (B) Drawing A/c and Rent A/c (O Building A/c and Rent A/c (0) There is no error in the original entry wIgex & srare a eT v1 6000 / - farere a wre A See fara aren em ae aalt g athe it at quiet ard ota wife at oles eer aT! sfafee quart a efter aa Fa Fs A) fafeer wet sit fra war (6) HIT Gat sit fare war © fafeser wrar aie fewer wat (0) ae wfatte a aig gfe ate Which of the Following statement is True? 1 Any expenditure which is unreasonably large is Capital Expenditure 2 Amount paid for acquiring Goodwill is Capital Expenditure ay Amount obtained on Sale of fixed asset is an example of Revenue Receipt 4 Wages paid for erection of a new Machine is usually debited to Wages account (A) Only 3 (B) Only 2 (C) Only 1&2 (D) Only 1&4 freafates ao ata ar met ae t?27 28 11 1 wig oft corr ot agit wa S war 8, ag Sofa cat 2 aside wrest eer & fare asrere Hy 7S TA Yoitara ara F 3 aroer safer A fast oe area oie cares Taig aT Ow soe 4 up ag wrefia wt aad & fae spree aS aaah HT RATE aie & sft Ft ort & A) hae 3 (8) Saat 2 © ae 1 te 2 (0) tae Lat The loss on Sale of Motor Car is debited to (A) Motor Car Account (B) Depreciation Account © Sales Account (0) None of these Hee eS FAHY Ie Ee RATA Ht BAee Pra TATE --=---— 7 (A) AIR SR Ga (B) Feree at © fase wret (D) Sorat Bans ait Income Tax paid by a Trader is shown (A) On the debit side of Trading Account (8) On the debit side of Profit and Loss Account © By way of deduction from the Capital in the Balance Sheet (0) None of the Above Ue carat gare aysrera een are arerare Rarer at (A) Sf8ar srarse & shee ger oe (B) ret HR afer ard & Share ver oe () ae die 8 got @ adit & area a ©) FA a ag aE29 30 31 2 Indicate the impact of “Drawings” appearing in the Trial Balance in the Balance on the profit and Loss Account. Point out by Way of “PLUS” or “MINUS” with the side on which it appears: @) Debit PLUS (8) Credit MINUS, © Credit PLUS (D) No effect arr ait et ard oe ae TRA cae Bae a vata "see" & waa BT Sta HT fare ace ag ater aren & 5a aH "PLUS" aT "MINUS" & & are cuter Sra Bae Sita wt (A) afc erat arr Pleat (8) RBC AT © aide erat or Peet (D) amg vara at The annual instalment to Depreciation fund for replacement of a Fixed Asset is (A) Charged against Profits (8) An appropriation of Profits (C) Entered as a separate entry (0) None of the Above frees wae & vfereursar & fore aaa Pty Hr anf Peat wT a) ats & fares went (8) Rar oar wep Patera © we Heat waite & wo Ft aot Pra ae (0) gaa ows Hat Interests receivable on Investments by a Institutions will be shown on: (A) Assets side of the Balance sheet (B) Liabilities side of the Balance Sheet © On the debit side of the Income & Expenditure Account (D) On the credit side of the Income & Expenditure Account ea Bear gare fader Ge wes ear HT et UTA STITT:32 33 (A) ‘ache eit ar Tat Fe (B) ade ehe & after oer oe (©) aia sik eae ured & Sfae sar (D) Sra sik eer UTA & HABE sat A limited company makes a net profit of Rs. 200,000 after writing off preliminary expenses amounting to Rs. 20,000 and providing for depreciation on assets amounting to Rs. 40,000 and gain of Rs. 10,000 on sale of a piece of machinery. What are the funds from operation ? (A) Rs, 2,00,000 (8) Rs. 2,40,000 (©) Rs. 2,50,000 (0) Rs. 2,60,000 war diftta araeft Rs, 20,000 afte cae a aiita wer & ara sie aha TT apaene & fae S 40,000 saver weet site way arefterdy Ar Pash Te SIT 10,000 FT ‘HTT HHT H ag F 2,00,000 ar eats aay Herc G1 ger Terr S erat FAT FP (A) Rs, 2,00,000 (B) Rs. 2,40,000 © Rs, 2,50,000 (0) Rs, 2,60,000 Consider the following items that are disclosed in a statement of cash flows— 1. Cash flow from operating activities. 2. Cash flow from financing activities. 3. Closing cash and cash equivalents. 4. Cash from investing activities What is the correct chronological order of their disclosure of the above cash flows ? (A) arent are & way gare cater gar Preafatea aet Pra ae 1, sitet fear afafatiat & aardt sare! 2, Rectan afatattrat & rect vars) 3. Barra aad aie aendt Sarat |34 35 4, fae afafattrat a ae SRN THEY TaTE He SAH RATT oT AE TAT MH eT aT FP (a) 2-3-1-4 (8) 1-4-2-3 © 2-4-1-3 (0) 1-3-2-4 Sometimes an auditor is called upon to review the operations of an enterprise for evaluating their cost-effectiveness. What is this kind of audit generally known as ? (A) Cost audit (8) Operations Audit © Tax Audit (0) Independent Financial Audit apaft-aratt Paraht aiff wt sah arera-worrafiera & aipatevat & fare fret sq warere fh walter ast & Ae eT STAT BI Fe ANE & sitio wt aerate oy ee a Borer ora &? A) aera erat seer (B) Fares ar ate © cre sifse (0) ada facta car afer Match List-I with List-II and select the correct answer using the code given below the Lists— List-1 (Technique of Auditing) (a) Vouching (b) Verification (c) Investigation (d) Valuation List-11 (Explanation) 1. It is an enquiry into the value, ownership and title of assets 2, It is testing of the exact value of an asset on the basis of its utility 3. It is the verification of authority and authenticity of transactions as recorded in the books of accounts 4. It is an examination of accounts and records of a business concern with some special purpose Codes: (a) (b) (c) (d) (a) 3241FN as (8) 413 2 () 3142 (0) 423 1 api 1 & are ah Lar rors wt athe qitat & ae eae ahs aT sea a aan G- el 1 (aierer st aac) (#) afr (b) Hearse (c) srt (d) ar ‘aet- 11 (eaeeraror) 1. ag afteiaferat & aie, cartes ait either Mr ote et 2. arg seme soranfter & saree a Farah eave ae erdhar aren aor err ax eer 3. ae saftecer sr career athe Sardar oranerare & Sha Rr rat At Ga at aot Pra arent 4. re es Faets seahes rer carrenftres warsat & wre ate Pew at wy cher ais: (a) (b) (c) (d) (a) 324 14 (B) 4ia3 2 © ara 4.2 (0) 423 4 36 What is the method in which an amount equal to the amount written off as depreciation is invested in outside securities in order to facilitate replacement of an asset at the expiry of its life period, called ? (a) Annuity Method ) Sinking fund Method © Replacement Method (0) Depletion Method ae fete aan 8 reat apaere & wot wet Frag of & aerax of ae A sofrayferatt a forder a orth & ans ares after array Pt wafer oe seh a ‘vfereurear fr after at? (a) afte fatty @) a Pe rae (c) afereeraar Fate37 38 (0) uaraate fae Government grants related to income as per the Accounting Stangard (AS)-12 should be— (A) Presented as a credit in the statement of Profit and Loss (8) Presented as a deferred income on the asset side of the balance sheet © Presented as a capital grant on the liability side of balance sheet (0) Presented both in the Profit and Loss statement and in the balance sheet SMT ANAS (CCR) -12 H TR HTT a Helle ATH sears Ht GT aeita SAT ange A ‘aret 3ite erfer & sere HF wen aie Be A sega Pret Tar 8) ‘aera efte & oftdafe car oe var sreefetet sah wa A vega Fer ar © Sete eile & eae Tar Ok Goh retary & we A Tee rar eT (D) viftne Us cite teed Hy acter ete ele A vega fear arar Income and expenses for the year 2006 are— Fee Received in Cash — Rs.24,000 Accrued Fee — Rs.6,000 Rent for Chamber Paid — Rs.6,000 Outstanding Rent — Rs.2,000 Salary Paid to Staff — Rs.6,000 Miscellaneous Expenses Paid — Rs.200 Salary paid in advance to staff included in the above : Rs. 1,000. What is the income under accrual basis ? (A) Rs. 11,800 (B) Rs. 13,200 (C) Rs. 16,800 (0) Rs. 30,000 af 2006 & fay aia ate ora & reg Foret ees - Rs.24,000 suifste ew - F .6,000 ‘dat ts & fac fart - Rs.6,000 warm fea - Rs.2,000 aatenftat wt dat aprart - 6,00039 40 faferer cuz - Rs.200 suitea H ener aetenhtal at afer sperara: ©! 1,000! aera HIE oe are aT BP A) Rs. 11,800 (8) Rs. 13,200 © Rs. 16,800 (0) Rs, 30,000 Expenses need to be recorded in the period in which the associated revenues are recognised. This is to be ensured as per which one of the following accounting principles ? (a) Revenue recognition (8) Cost benefit © Matching (0) Periodicity se waft a coe aot Pre art Hr area seh ¢ rad Safa Taree wt ATT fardt ti ag Preafafea daiwa Rauial A & Pree sepa yaaa fea oT ® (A) Used eae (8) ‘AUT Tet © Aa Praar (D) arafterat Below there are two statements, one labelled as the ‘Assertion’ (A) and the other as ‘Reason’ (R). You are to examine these two statements carefully and select the answers to these items using the codes given below— Assertion (A)—Income tax paid is not shown on the debit side of the sole proprietor’s Profit and Loss account. Reason (R)—It is an appropriation of profit and thus goes to Profit and Loss Appropriation Account. (A) Both (A) and (R) are individually true and (R) is the correct explanation of (A). (8) Both (A) and (R) are individually true but (R) is not the correct explanation of (A). © (A) is true but ( (D) (A) is false but41 ara at wera fe are &, Braet B wa a ‘ar fPravera’ (A) ait GRY st ‘Reason’ (R) * wot dae Par aan Baie gat abet erat A eres are we athe atte fare are als ar gabe Heh got al H Se HT Ta HT rftreverat (A) ~ afore Pre are street ay anarTs af & aor 3ity rier re ‘Bite ver oe at fewreT are el waROT (R) - We ara ar ar fafsrar e athe ge wea arer aity afer Faferater are aren 1 (A) ata (A) atte (R) carer wo B wel & site (R) (A) Hr HET aTEAT EI (B) ateit (A) atte (R) caterer Bo St war & aha (R) (A) Hr HEY SoS TROT at 8 Ce) (A) aa & Afar (R) Tae aI (D) (A) aTeret & aifeber (R) ATE! Current ratio is increased by 1, issue of redeemable preference shares. 2. selling of old furniture for cash. 3, cash realized from debtors. Which of the statements given above are correct ? (A) 1 and 2 only (8) 2 and 3 only © 1 and 3 only (D) 1,2and3 fem 2 a Ree care ada aqua a gait A arch 1. wiaea atta treet wT Tet FAT 2. adh & fae Geet oettae A Pa 3. Gren Barat one Bar fae ae whet ot eet Hee? (A) hari sez (B) Fat 2 HS © tae 1 ie (0) 1,233GC _ OO 19 42. Dividend paid by a Trading company is classified under which kind of activity while preparing cash flow statement (A) Cash flow from operating activities (B) Cash flow from Investing activities © Cash flow from Financing activities (0) Cash Equivalent ‘em Ear seh eer spare Fra ater rier arg: ware Pra stare area wera fret war ft afaiete & aga antiga Pra orate (a) wareer nicfatrat & ae vane (B) frder afatattet & aad care 1) faaceor afaehrat & aah sare (D) ae RAT 43 In case debentures of Rs.10,000 are issued at par but payable at a premium of 10%, the premium payabie will be debited to (A) Debentures Suspense account (8) Premium on redemption of debentures account () Loss on issue of debentures account (D) Both (A) and (C) SUR & 10,000 a fedex aeray oe orf fre ard E, Afr 10% & seer oe er Bie &, at aa shire at afc fen sre (A) Bday weda arse (8) Rae UT & aetae ag shear © Bee rd & one ox aE (D) atait (A) 34 (C) 44 Solvency ratio is (A) debt equity ratio (8) current ratio 3) quick ratio (D) current assets vista arqara (A) Fe Biraeh sea (8) aeheret Seo45 46 © ratte seat (0) waar aot On November 1, Delphi Corporation sold merchandise in return for a 7%, 90-day note receivable in the amount of Rs.30,000. What does the proper adjusting entry on December 31 (the end of Delphi's fiscal year) include? (A) Credit to Interest Revenue of Rs. 350 (B.) Credit to Notes Receivable of Rs. 525 (C.) Debit to Cash of Rs. 350 (D.) Debit to Interest Receivable of Rs. 175 dL adac at aed sicher & 7,000 rt F aa 7%, 90-feat H ale F aaa F 30,000 ead Ht of A ara dean 31 Rear Bes & eh ae & aia) A ofa ware faite sen ener &? (A) SUS USES wT HIBE TIA 350 (8) alice sifea at dfBe % 525 © amg Sfae THE 350 (0) sarat oifter at Share F 175 Consider the following statements— Audit working papers are maintained because 1. they act as a guide to subsequent audit. 2. they verify the arithmetical accuracy of the books of accounts. 3. they provide evidence of the work performed by the auditor. Which of the statements given above are correct ? (A) 1 and 2 only (8) 2 and 3 only © 1 and 3 only (0) 1, 2and3 farafaea went oe Pa wt Hifse wrt — gat wt aere car otra 8 FTP Lada hate fare ew antadle F oT Fe aes BI 2. dart A qeaat A sienna wera HY eu Aa I 3. aan aden gant Pave are wre eT WATTET Wars ALG El aa fee are ater Beet ET? (A) waa 1 te 2a7 48 49 (8) hat 2 #3 © dae 1 3 (0) 1, 2.3883 At the balance sheet date, the balance on the Accumulated Provision for Depreciation Account is, (A) Transferred to Depreciation Account ) Transferred to the Asset Account © ‘Transferred to Profit and Loss Account (0) Simply deducted from the asset in the Balance Sheet ‘ae che ft arta a, sears ara & fore Sheet aaa Ie Te TA wT ----- Fea arent (A) aeagre area A eatakat (8) Wake sarac A cra © ‘rer atte erfet ard A eerertaRT (0) we ace ete a safe B pete Hr ret S The measure of how efficiently the assets resources are employed by the firm is called (A) Liquidity ratio (8) Leverage ratios (C) Activity ratios (0) Profitability ratios wat gare aafer dy aarerel at ret Gererar S Fralfsra Prat sar B, FAH ATT eT orate @ FRAT HT TTT (8) Seller HTT © af are srerarer (0) MAGA HoT A current ratio of and above indicates that the availability of sufficient net working capital and the ability of the firm to meet current lial a (A) 1.33:50 51 ___ atk sw afte a adore seaport Sta eer ¢ Pe cater ger arielor pit ft somretrar atte acon Granta wt Gr wet & fre wet A TTT (A) 1.331 (B) 1.4411 (C) 1.5! (D) 1.66:1 What is the amount of gross profit/loss when opening stock is Rs. 18,000, purchases Rs. 78,000, cost of goods sold Rs. 1,06,000 and sales. Rs. 1,49,0007 Rs, 44,000 profit, Rs, 44,000 Loss Rs. 43,000 profit Rs. 43,000 Loss Hat ainfitw eels Rs. 18,000, wig Rs. 78,000, fast are At ara Rs. 1,06,000 sitz fasht Rs. 1,49,000 at aaa ara / erfer UY FAT a? (A) Rs, 44,000 aT ars (8) Rs, 44,000 ar aareTet (©) Rs. 43,000 ar ast (D) Rs. 43,000 or aaTET The cash flow statement consists of which of the following sections? (a) Operating and non-operating (8) current and non-current © operating, investing and financing (0) trading and financial aed vag fawn # feafafaa ae ata a as anita 8? (A) anette ai ae stieeat @) adana sik t-adaret © ‘Para, feraer sik ferarsor (0) carn sik facta23 52 Few items of P/L A/c of a company are— Sales — Rs.1,60,000 Closing stock — Rs.38,000 Non-operating Expenses — Rs.800 Non-operating Income — Rs.4,800 Net Profit — Rs.28,000 What is the Operating Profit Ratio ? (a) 18% ) 20% © 15% (0) 57% fiat doaeft & amar att ret ard yo srgear B fast - 1,60,000 5 Falfettr ecia - Rs.38,000 ‘ate-aifat fear eee - Rs.800 a-aitaeiear art - Rs.4,800 ac viftre - Rs.28,000 re Ear wifte: grep FAT 8? (A) 18% (B) 20% (C) 15% (D) 57% 53. The amount which is appropriated out of profit is (a) Reserve (8) Provision (c) Depreciation (D) Fund onat & fore faferatiors Ter a (a) fat (B) waar © apse () fae 54 Which of the following item gives tax benefit (A) Creation of Secret Reserve55 2 (8) Creation of Capital Reserve © Creation of General Reserve (0) Creation of Provision fanfare Fe ater oh eq He ae Sate (A) Bisbe Pears a ferntor (B) aster Road arr fare () raves Reard ar Frater (0) ‘wrataret ar ferateT Stock on the date of valuation is Rs. 2,70,000. It had been undervalued by 10%. Actual value is (A) Rs. 2,77,000 (8) Rs, 2,97,000 ) Rs. 3,00,000 (0) Rs, 3,07,000 ‘paler Fr ate ae EcTw Rs. 2,70,000! Fe 10% a aa B aeatae Pea aT aT) Saar areca ET #1 (A) Rs. 2,77,000 (B) Rs. 2,97,000 © Rs, 3,00,000 (D) Rs. 3,07,00056 57 58 V6+V6+V6+... is equal to waun V6 + V6 + V6 +... aH 2 5 4 a A can do a piece of work in 24 day, B in 32 days and C in 64 days. All begin to do it together, but A leaves after 6 days and B leaves 6 days before the completion of the work. How many days did the work last? 15 20 18 30 A feral rr #1 24 feat A, B32 ala sit C64 Ral a qu at awa Bl Be RT Ue oT ata Uw are &, aft A 6 Rath ae os terest Bara 6 Rear Tee Big Sar a1 Prete Peal aw rer TN? 15 20 18 30 The total monthly salary of 4 men and 2 women is Rs. 46,000. If a woman earns Rs. 500 more than a man, what is the monthly salary of a ‘woman? 6500 7500 8000 9000so 60 4 geet atk 2 afgarait a1 ga aif aaa Rs, 46,000 81 aie tg Ager oe amrasit Goran A Rs. 500 afta avert & at wer afer ar afer Saat FAT? 6500 7500 8000 9000 Two pipes A and B can separately fill a cistern in 60 minutes and 75 minutes respectively, There is a third pipe in the bottom of the cistern to empty it. If all the three pipes are simultaneously opened, then the cistern is full in 50 minutes. In how much time the third pipe alone can empty the cistern? 80 MIN 100 MIN 110 MIN 120 MIN atargs v site ft rarer: 60 frac atte 75 Pare a rear & ww Cat a TS BLT art met fae eo aft va cere orgs 81 aie walt cher orgs ww are TTT ama &, at 50 are a St ye ae ore 81 Prat Tare ares dT Tiss EST are He wT e? 80 fae 100 fee 110 fae 120 ae By selling a bag at Rs. 230, profit of 15% is made. The selling price of the bag, when it is sold at 20% profit would be Rs. 250 Rs. 205 Rs. 240 Rs. 200 Rs, 230 a ww dar TaHT, 15% HI TH Fla 1, TH FH 20% STAT I TAT STATS algae a apa eat Rs. 250 Rs, 20561 62 63 27 Rs. 240 Rs. 200 The average salary of male employees in a firm was Rs. 5200 and that of females was Rs. 4200. The mean salary of all the employees was Rs. 5000, What is the % of female employees? 80% 20% 40% 30% un watt gee aaheftat ar site at Rs. 5200 21 aieaftenait aT Rs. 4200 @1 waht aatanftat ar Rrorex sites fat Rs. 500081 wh at aftar artarftat arr % (ferent) farce 8? 80% 20% 40% 30% The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is Rs. 1. The sum (in Rs.) is: 625 630 635 2 ora & fet F fore 4% vier at cart ax S Pelt Mahe a ae Bre alte amqafe carat & dla #1 Hat Rs. 1.81 Praha TA (Rs. H) er: 620 625 630 635 The cost price of 25 books is equal to the selling price of 20 books. The profit percent is 20% 22% 24%64 65 66 28 25% 25 geal Ht era Aes 20 Feat H Fewer aes ara FI aT here F 20% 22% 24% 25% An agent gets a commission of 2.5% on the sales of cloth. If on a certain day, he gets Rs. 12.50 as commission, the cloth sold through him on that day is worth Rs, 250 Rs, 500 Rs, 1,150 Rs. 1,250 War aie wt aS AY AAT TT 2.5% aT ahaa Pra 1 aie fare fare fear oe, We Rs. 12.50 wafer & wo A ware t, 3a Ra sas areaa A as ae HTS TT wat Rs, 250 Rs. 500 Rs. 1,150 Rs, 1,250 If A exceeds B by 40%, B is less than C by 20%, then A : Cis: 28:25 26:25 3:2 3:1 aie A, BR 40% arftta 8, B, CH 20% Hag, aA: C2: 28:25 26:25 3:2 Sei. The sum of three consecutive odd natural numbers each divisible by 3 is 72. What is the largest among them? 2128 24 27 36 Sear gor at ard ard waa aha fave spleen aeaTatt a 3S yet ToT %, ar ater 72 $1 sas B Bae aT HET FTF? a1 24 27 36 67 The least number which when divided by 4, 6, 8, 12 and 16 leaves a remainder of 2 in each case is 46 48 50 56 aad wa cea FS 4, 6, 8, 12 3k 16 o srr wea ve ATA A 2 we ara 46 48 50 56 68 If 6 menand 8 boys can do a piece of work in 10 days and 266 men and 48 boys can do the same in 2 days, the time taken by 15 men and 20 boys to do the same type of work will be: 6 Days 8 Days 5 Days 9 Days aE 6 Yor athe 8 ash 10 PEait athe 266 gee a 48 ase 2 al A ww HTT AT ward &, at 15 goat ht 20 ase Gan car A ANE HT HT eT Het HI TAT BVT: 6 Days 8 Days 5 Days 9 Days69 70 25 js equal to: The maximum number of students among whom 1001 pens and 910 pencils can be distributed in such a way that each student gets same number of pens and. same number of pencils, is: 91 910 1001 1911 ag afta ora ft sear rere drt 1001 da sity 910 Sita gw ane afta A i aad € Pe vate ora at wart Tear ai tat site ter wre gta F a1 910 1001 1911