Solved Paper JOA Accounts Exam 2021– HPSSC Hamirpur
1. Which items
influence to Trial Balance agreement?
A.
Deposit in transit
B.
Compensating errors
C.
Complete omission of a transaction
D.
Partial omission of a transaction
2. When Trial
Balance is prepared?
A.
At the end of accounting period
B.
At the end of year
C.
Frequently during the year
D.
at the end of a month
3. An investor
invests in assets known as a
A.
securities
B.
block of assets
C.
portfolio
D.
none of these
4. In capital
market line every investment is
A.
finitely divisible
B.
infinitely divisible
C.
both A and B
D.
none of these
5. The left hand
side of the ledger account is referred to as
A.
Footing
B.
Credit side
C.
Debit side
D.
Balance
6. Among these,
which item is used as the bases for preparing trial balance?
A.
Cash a/c
B.
b/s
C.
journal
D.
ledger a/c
7. Sample is
regarded as a subset of
A.
data
B.
set
C.
distribution
D.
population
8. The difference
between a statistic and the parameter is called
A.
Non-Random
B.
Sampling error
C.
Probability
D.
Random
9. Of the following
method which is probability sampling method?
A.
Judgement
B.
Quota
C.
Simple random
D.
Convenience
10. Which of the
following is not an economic activity?
A.
Production
B.
Social service
C.
Professional
D.
Trading in goods
11. Oil refinery
and sugar mill are classified under which industries
A.
Secondary
B.
Primary
C.
Tertiary
D.
None of these
12. In which
occupation do people get salary or wages in return of their work?
A.
Employment
B.
Business
C.
Profession
D.
None of these
13. Which of the
following is not a management function?
A.
Planning
B.
Staffing
C.
Co-operating
D.
Controlling
14. Name the
process that converts message into communication symbols?
A.
Media
B.
Encoding
C.
Feedback
D.
Decoding
15. In how many
ways cost classification can be done?
A.
Two ways
B.
Three ways
C.
Four ways
D.
Many ways
16. Which cost is
incurred even if the company is closed?
A.
Sunk cost
B.
Historical cost
C.
Shutdown cost
D.
Imputed cost
17. What item is
not included in cost accounting?
A.
Product costing
B.
Profit sharing
C.
Planning
D.
Controlling
18. Direct expenses
are also known as
A.
Overhead expenses
B.
Sundry expenses
C.
Chargeable expenses
D.
Major expenses
19. The percentage
of Scheduled Caste population of H.P. to its total population as per census
2011 is
A.
7%
B.
5%
C.
5%
D.
7%
20. Bhojri festival
is celebrated in which district of H.P.?
A.
Chamba
B.
Sirmour
C.
Solan
D.
Shimla
21. Famous Holi
fair is celebrated at which place in H.P.?
A.
Rajgarh
B.
Nalagrah
C.
Banjar
D.
Sujanpur
22. Kareri lake is
located in which district of H.P.?
A.
Kullu
B.
Mandi
C.
Kangra
D.
Una
23. Rupa valley is
located in which district of H.P.?
A.
Kinnaur
B.
Lahaul-spiti
C.
Bilaspur
D.
Hamirpur
24. Famous
personality Sh. Lal Chand Prarthi belonged to which district of H.P.?
A.
Mandi
B.
Kullu
C.
Kinnaur
D.
Shimla
25. Tons is a
tributary of which river of H.P. ?
A.
Yamuna
B.
Beas
C.
Satluj
D.
Ravi
26. First comedy
serial of H.P. ?
A.
Chandu-nandu
B.
Raja-Rani
C.
Cat-Rat
D.
None of these
27. Which district
of H.P. has largest potato production?
A.
Kinnaur
B.
Lahaul-Spiti
C.
Kullu
D.
Shimla
28. First Himachal
Pradesh State Finance Commission was constituted in which year?
A.
1964
B.
191974
C.
1984
D.
1994
29. Himachal
Pradesh became the Part – C’ state in which year?
A.
1951
B.
1956
C.
1963
D.
1971
30. Victoria Bridge
over Beas river in Mandi was built by which ruler?
A.
Ajbar Sen
B.
Vijay Sen
C.
Bir Sen
D.
Garur Sen
31. The old name of
Nalagarh was
A.
Kehloor
B.
Baned
C.
Kirgram
D.
None of these
32. Bhuri Singh
Museum is located at which place in H.P.?
A.
Nahan
B.
Pragpur
C.
Naina Devi
D.
Chamba
33. Budhil
hydroelectric project is constructed on which river basin of H.P.?
A.
Ravi
B.
Chenab
C.
Beas
D.
Satluj
34. Which is the
knowledge partner of Microsoft for the India Edition of the Imagine Cup 2021 ?
A.
National Skill Development Corporation
B.
NITI Aayog
C.
MyGov
D.
Doordarshan
35. The Supreme
Court has recently upheld that GST shall be imposed on which type of goods,
referring as ‘Actionable Claims’?
A.
Lottery
B.
Medicine
C.
Vaccine
D.
Two-wheelers
36. ‘737 MAX’ which
was in news recently, is the airliner of which famous company?
A.
Air Bus
B.
Boeing
C.
Qantas
D.
Emirates
37. Which country
has recently banned cotton imports from China citing ‘Slave Labour’?
A.
India
B.
U.S.A
C.
Russia
D.
U.K.
38. How many
meaningful English words, can be made with the letters ‘LAME’ using each letter
only once in each word ?
A.
One
B.
Two
C.
Three
D.
More than three
39. If B=2, BAG=10,
then BOX = ?
A.
32
B.
38
C.
41
D.
45
40. Missing letters
in the following letter series :
_aa_ba_bb_ab_aab
A.
Babab
B.
aaabb
C.
bbaab
D.
bbbaa
41. In a queue, Mr.
X is fourteenth from the front and Mr. Y is seventeenth from the end. While Mr.
Z is exactly in between. Mr. X is ahead of Mr. Y and there are 48 persons in
the queue. How many persons are there between Mr. X and Mr. Z ?
A.
6
B.
7
C.
8
D.
9
42. Which is a
Indus Valley site?
A.
Alamgirpur
B.
Ropar
C.
Banawali
D.
All of these
43. Hinayana and
Mahayana belong to which religion?
A.
Hindu
B.
Muslim
C.
Jainism
D.
Buddhism
44. Founder of
Lodhi dynasty was
A.
Bahlol Lodhi
B.
Sikandar Lodhi
C.
Ibrahim Lodhi
D.
None of these
45. Ashtapradhan
was related to the administration of which of the following?
A.
Akbar
B.
Balban
C.
Shivaji
D.
Tipu sultan
46. Which of the
following shifted the capital form Calcutta to Delhi?
A.
Lord Minto 2
B.
Lord Hardinge
C.
Lord Chelmsford
D.
Lord Dalhousie
47. Amrit Bazar
Patrika was a work of
A.
Sisir Kumar Ghosh
B.
Motilal Ghosh
C.
Both a and b
D.
None of these
48. Mridangam is
which type of musical instrument ?
A.
Stringed instrument
B.
Wind instrument
C.
Percussion instrument
D.
None of these
49. Which is the
densest planet ?
A.
Venus
B.
Earth
C.
Mars
D.
Jupiter
50. Which is the
lowermost layer of the atmosphere?
A.
Troposphere
B.
Stratosphere
C.
Ionosphere
D.
Thermosphere
51. Alaska ocean
current is related to which ocean?
A.
Pacific ocean
B.
Atlantic ocean
C.
Arctic ocean
D.
Indian ocean
52. Which is the
highest peak of Manipur?
A.
Khayang
B.
Sandakphu
C.
Kangto
D.
Nanda Devi
53. Which Indian
state has the largest area under forests?
A.
M.P.
B.
U.P.
C.
Bihar
D.
West Bengal
54. Which Part of
Indian Constitution deals with distribution of revenue between Union and States?
A.
Part-XII
B.
Part-XIV
C.
Part-XVI
D.
Part-XVIII
55. Which is the
permanent house of Parliament?
A.
Vidhan Parishad
B.
Vidhan Sabha
C.
Rajya sabha
D.
Lok Sabha
56. Bahujan Samaj
Party was formed in which year?
A.
1925
B.
1984
C.
1999
D.
2005
57. Pink revolution
is related to
A.
Onion production
B.
Prawan production
C.
Both a and b
D.
None of these
58. Density of
water is maximum at
A.
0 degree C
B.
4 degree C
C.
25 degree C
D.
100 degree C
59. Brass is an
alloy of
A.
Copper & Zinc
B.
Copper and Manganese
C.
Copper and Tin
D.
None of the
60. Rabies is
caused by which of the following?
A.
Bacteria
B.
Protozoa
C.
Fungus
D.
Virus
61. Antonym of
‘Debilitating’ is
A.
Strengthening
B.
enfeebling
C.
occupying
D.
inhabiting
62. One word
substitution for ‘Food’ which agrees with one’s taste’ is
A.
pungent
B.
palatable
C.
sensuous
D.
edible
63. Just try …………
it.
A.
Do
B.
Doing
C.
To do
D.
And do
64. Meaning of the
idiom ‘To give/ get the bird’ is
A.
To get awaited
B.
To have good luck
C.
To send away
D.
To get the impossible
65. शुद्ध शब्द है
A.
साहित्यीक
B.
साहित्यिक
C.
सहितियक
D.
सहितियककक
66. ‘प्रारम्भ’ का संधि विछेद है
A.
प्र+आरम्भ
B.
प्र:+ आरम्भ
C.
प्रार:+आरम्भ
D.
प्रारब्ध+य
67. ‘देशरत्न’ में समास है
A.
दन्त
B.
तत्पुरुष
C.
अव्यईभाव
D.
बहुब्रीहि
68. ‘हत्या’ का विशेषण है
A.
हत्या
B.
हत्यारी
C.
हत्त्यारा
D.
हितैसी
69. Accounting
furnishes data on
A.
Income and cost for the managers
B.
Financial conditions of the Institution
C.
Company tax liability for a particular year
D.
All of these
70. Long term
assets having no physical existence but, possessing a value are called
A.
Intangible assets
B.
Fixed assets
C.
Current assets
D.
Investments
71. The Debts which
are to be repaid within a short period (a year or less) are referred to as,
A.
Current liabilities
B.
Fixed liabilities
C.
Contingent liabilities
D.
All of these
72. Gross profit is
A.
Cost of goods sold + opening stock
B.
Excess of sales over cost of goods sold
C.
Sales fewer purchases
D.
Net profit fewer expenses of the period
73. In order to
find out the value of closing stock during the end of financial year, we
A.
Do this by stock taking
B.
Deduct the cost of goods sold from sales
C.
Deduct opening stock from the cost of goods sold
D.
Look in the stock account
74. The charges of
pacing commodities into a saleable condition should be changed to
A.
Trading account
B.
P &L A/c
C.
Balance Sheet
D.
None of these
75. Supplier
Personal Account are seen in the
A.
Sales Ledger
B.
Nominal ledger
C.
General Ledger
D.
Purchase Ledger
76. Discounts
received are
A.
Deducted when we receive cash.
B.
Given by us when we sell goods on credit
C.
Deducted by us when we pay our accounts.
D.
None of these
77. Sales invoices
are first entered in
A.
Cash Book
B.
The sales Journal
C.
The sales Account
D.
The Purchase Journal
78. It is required
to maintain fixed capitals then the Partner’s share of profits must be
A.
Credited to Capital Account.
B.
Credited to Partner’s Capital Accounts.
C.
Debited to Capital Accounts.
D.
Debited to Partner’s Capital Account
79. In case of
Partnership the act of any partner is
A.
Binding on all partners
B.
Binding on that partner only
C.
Binding on all partners except that particular partner
D.
None of these
80. The
relationship of partner with the firm is that of
A.
An owner
B.
An agent
C.
Manager
D.
An owner and an agent
81. Every partner
is bound to attend diligently to his in the conduct of the business.
A.
Rights
B.
Meetings
C.
Duties
D.
Capital
82. On 1st June,
2009 a partner introduced in the firm additional capital Rs. 50,000. In the
absence of partnership deed, on 31-3-2020, he will receive interest.
A.
3000
B.
Zero
C.
2,500
D.
1,800
83. A partner
introduced additional capital of Rs 30,000 and advanced a loan of Rs. 40,000 to
the firm at the beginning of the year. Partner will receive interest
A.
2,400
B.
4,200
C.
Nil
D.
1,800
84. A & B are
partner’s in a firm. A’s capital is Rs. 70,000 and B’s capital is Rs. 50,000.
Firm’s profit is Rs. 60,000. B’s share in profit will be
A.
25,000
B.
35,000
C.
20,000
D.
30,000
85. Equity shares
cannot be issued for the purpose of
A.
Cash Receipts
B.
Purchase of Assets
C.
Redemption of Debentures
D.
Distribution of Dividend
86. Reserve capital
is also known by
A.
Capital reserve
B.
Called-up-capital
C.
Subscribed Capital
D.
None of these
87. In case of
private placement of shares, the lock in period is
A.
5 years
B.
2 years
C.
3 years
D.
None of these
88. As per SEBI
guidelines, Application money should not be less than ……….. of the issue price
of each share.
A.
25 %
B.
10%
C.
30%
D.
5%
89. A company
issued 50,000 share of Rs 20 each at 5% premium. Rs. 10 were payable on
application and balance on allotment. What will be the allotment account.?
A.
5,00,000
B.
5,50,000
C.
4,75,000
D.
5,25,000
90. Quick Ratio or
Assets do not include
A.
Cash in hand
B.
Marketable securities
C.
Prepaid expenses
D.
Trade receivable
91. Current Assets
Rs . 4,00,000, current liabilities Rs. 2,00,000 and inventory is Rs. 50,000.
Liquid ratio will be
A.
75 : 1
B.
2:1
C.
25 :1
D.
4:7
92. Fixed assets of
a company increased from Rs. 3,00,000 to Rs. 4,00,000. What is the percentage
of change ?
A.
25%
B.
5%
C.
3 %
D.
3%
93. Payment of
income tax is considered as
A.
Direct expenses
B.
Indirect expenses
C.
Operating expenses
D.
None of these
94. What is Gross
Profit+ Material Consumed?
A.
Purchases
B.
Opening inventory
C.
Revenue from operation
D.
Closing inventory
95. Maximum number
of members in a private company is
A.
50
B.
150
C.
200
D.
No limit
96. Mention the net
amount if ‘Source’ or ‘Use’ of cash when a fixed asset having book value of Rs.
15,000 is sold at a loss of Rs. 5,000
A.
5000
B.
7000
C.
12500
D.
10000
97. Which of the
following item is considered as cash equivalents?
A.
Marketable securities
B.
Creditor
C.
B/R
D.
B/P
98. Zero coupon
bonds are issued
A.
At zero interest rate
B.
Without specified rate of interest
C.
With specified rate of interest
D.
None of these
99. Debenture of a
company can be issued
A.
For cash
B.
For consideration other than cash
C.
As a collateral security
D.
Any of the above
100. Interest on
debenture issued as a collateral security is paid on
A.
No interest is paid
B.
Nominal value of debenture
C.
Faced value of debenture
D.
Paid value of debenture
101. Premium on
Redemption of Debenture Account is
A.
Real a/c
B.
Nominal a/c
C.
Personal a/c
D.
None of these
102. A Ltd. Issued
1,000, 10% debentures of Rs. 100 each at a premium of 5 % What will be the
total amount of interest for one year?
A.
11,000
B.
8,000
C.
10,000
D.
5,000
103. Subscription
received by a college for organizing annual function is treated as
A.
Capital Receipt
B.
Revenue Receipt
C.
Asset
D.
Earned income
104. Subscription
received in advance during the current year is
A.
An income
B.
A liability
C.
an asset
D.
An expenses
104. Salary paid for the year ended
31st March, 2010 amounted to Rs. 75000. How much
amount will be recorded in Income and Expenditure a/c. In following case?
31-3-2009
31-3-2010
Outstanding
salary
6,500
6,000
Prepaid
salary
1,200
1,000
A.
65000
B.
64300
C.
75300
D.
74700
106. Out of the
following items, which one is shown in the ‘Receipts and Payment Account’ of a
not-for- profit organization?
A.
Accrued subscription
B.
Outstanding salary
C.
Depreciation
D.
None of these
107. On firm’s
dissolution, which one of the following account should be prepared at the last?
A.
Realisation a/c
B.
Partner’s Capital a/c
C.
Cash a/c
D.
Partner’s Loan a/c
108. Profit or loss
of Realization Account is transferred to
A.
P & L a/c
B.
Capital a/c of Partner’s
C.
B/S
D.
None of these
109. X agrees not
to carry on a similar business with ‘Y’ for two years in consideration of Rs.
50,000 as goodwill. The agreement is
A.
Void due to restraint of trade
B.
Valid
C.
Against X’s fundamental rights
D.
None of these
110. An obligation
arises from
A.
A contract
B.
From a wrongful Act
C.
Both A and B
D.
None of these
111. In India, the
GST is a dual model of
A.
U.K.
B.
Canada
C.
U.S.A.
D.
Japan
112. The maximum
amount deductible u/s 80TTA in respect on interest on saving bank account is
A.
150000
B.
20000
C.
90000
D.
10000
113. Service tax
was introduced in India in the year?
A.
1993
B.
1996
C.
1980
D.
1994
114. Which ITR form
number is to be used for filling the return of income by an individual having
business income?
A.
Form No. 2
B.
Form No. 3
C.
Form No. 1
D.
Form No. 5
115. Unabsorbed
Depreciation can be carried forward for
A.
Any number of years
B.
8 years
C.
4 years
D.
7 years
116. Stock and
debtor system is generally used when goods are sent to branch at
A.
Cost price
B.
Selling price
C.
An invoice price
D.
Credit sales
117. Under hired
purchases system depreciation is charged on
A.
Market price
B.
Sale value of asset
C.
Sales-cum-cost price
D.
Cash price
118. Which of the
following is known as dual method of share valuation?
A.
Fair value method
B.
Yield method
C.
Growth model
D.
Price earning ratio
119. Which of the
following is an accounting system of paying out and subsequently replenishing
petty cash?
A.
Double entry system
B.
Reimbursement system
C.
Imprest system
D.
All of these
120. Accounting is
a
A.
Physical Science
B.
Social Science
C.
Biological Science
D.
Natural Science
121. PAN
contains………… alphabets.
A.
5
B.
6
C.
10
D.
8
122. Which
constitutional amendment is done to pass the GST Bill ?
A.
101st Amendment
B.
103rd Amendment
C.
105th Amendment
D.
None of these
123. Calculate the
Debt to equity ratio, given the total assets = Rs. 1,253 and total owner equity
= Rs. 827.
A.
12
B.
52
C.
83
D.
27
124. In times of
falling demand, selling price can be fixed at this point, stated mathematically
?
A.
SP=FC+VC
B.
SP<VC
C.
SP>VC
D.
SP=VC
125. A market
consisting of single seller and a single buying is called
A.
Monopoly
B.
Bilateral monopoly
C.
Discriminating monopoly
D.
None of these
126. ‘Catalogue
Marketing’ is a form of
A.
Online marketing
B.
Direct marketing
C.
Indirect marketing
D.
None of these
127. Internal rate
of return is the rate at which
A.
NPV is positive
B.
NPV is negative
C.
NPV is zero
D.
None of these
128. Sensitivity
training was developed by
A.
Chris Argyris
B.
Michael Porter
C.
Kurt Lewin
D.
Dalton E. McFarland
129. NEFT was
launched by RBI in
A.
2005
B.
2006
C.
2004
D.
2007
130. It is the
‘soft loan window’ of IRBD?
A.
WB
B.
IMF
C.
IDA
D.
ADB
131. Point out the
period for which EXIM policy is announced.
A.
One year
B.
Five years
C.
Two years
D.
Bi-yearly
132. Marginal cost
equation is
A.
F-V-P=S
B.
S-F=V+P
C.
S-V=F+P
D.
S+P=F+V
133. The NPA
provision coverage stipulation set by RBI?
A.
50%
B.
60%
C.
70%
D.
80%
134. Which of the following
is true for normal distribution ?
A.
Q3-Q2=Q2-Q1
B.
MEDIAN>Mode>Mean
C.
AM>GM>HM
D.
Mode =3 Median-2 Mean
135. When the value
of r is zero, the regression lines intersect each other at an angle of
A.
40°
B.
60°
C.
90°
D.
Paraller to OX and OY
136. The limit of
population can be estimated by one of the following :
A.
R+-PE
B.
R+-3PE
C.
R+-SE
D.
None of these
137. When an
interviewer expects his own knowledge, skill and values in a candidate, it is
known as
A.
Personal bias
B.
Halo effect
C.
Constant error
D.
Projection error
138. If there is no
fixed cost
A.
Operating leverage will be zero
B.
Operating leverage will be one
C.
Financial leverage will be zero
D.
Financial leverage will be one
139. HRP is rarely
required in case
A.
Ancillarisation
B.
Sub-contracting
C.
Off-loading
D.
All of these
140. Deduction in
respect of contribution to an NPS (New Pension Scheme) be available u/s
A.
80 CCD
B.
80 CCC
C.
80 CCB
D.
80 CCG
141. Pin money
received by wife for her personal expenses from her husband
A.
Will not be treated as her income
B.
Will be treated as her income
C.
Will be taxed at flat 10%
D.
None of these
142. This is good
for national development and strengthening economic and political situation
A.
Tax Avoidance
B.
Tax Planning
C.
Tax Evasion
D.
None of these
143. Independent
float system of exchange rate is also called
A.
Managed float
B.
Dirty float
C.
Clean float
D.
None of these
144. The import of
goods for the purpose of re-exporting them is known as
A.
Entrepot Trade
B.
Counter Trade
C.
Direct Export Trade
D.
Indirect Export Trade
145. Which kind of
loss cannot be carried forward if the return of loss is not submitted in time?
A.
Business loss
B.
Capital loss
C.
Loss from activity cannot be forward if the return
of loss is not submitted.
D.
All of above
146. The following
incomes will not be exempted under Section-10 :
A.
Agricultural income
B.
Income from local Authority
C.
Leave salary
D.
None of these
147. The Factories
Act, 1948 deals with the health of workers in India. Which Section covers the
cleanliness provisions at the factory ?
A.
Sec-11
B.
Sec-12
C.
Sec-13
D.
Sec-21
148. Which of the
following is a group incentive plan ?
A.
Ravan plan
B.
Halsey plan
C.
Privestman Bonus plan
D.
Gantt’s Task and Bonus plan
149. When more
autonomy is provided in a job, it is tantamount to
A.
Job simplification
B.
Job enlargement
C.
Job enrichment
D.
Job rotation
150. Procurement
function is concerned with
A.
Job Evaluation
B.
Payroll
C.
Induction
D.
Training
151. Which of the
following is not a consumer sales promotional tool?
A.
Free samples
B.
Trade shows and exhibitions
C.
Bonus packs
D.
Frequent user reward
152. The merging of
consumers, products, prices and retailers is called
A.
Marketing convergence
B.
Channel convergence
C.
Distribution convergence
D.
Retail convergence
153. Tender pricing
is generally used by
A.
Agencies
B.
Private agencies
C.
Detective agencies
D.
Technical agencies
154. In India
credit rating agencies are governed by
A.
RBI
B.
SEBI
C.
RBI and SEBI
D.
None of these
155. Identify the
accounting system that has a built-in mechanism to report transactions at
current cost at the date of reporting.
A.
Depreciation accounting
B.
Responsibility accounting
C.
Inflation accounting
D.
Social accounting
156. A mutual fund
without a sales charge is called
A.
A loan fund
B.
A no loan fund
C.
Index fund
D.
An aggressive growth fund
157. The common
accounting software used for recording transactions and report is
A.
ERP
B.
Tally
C.
EX
D.
None of these
158. The concept of
Demat was introduced in the Indian Capital Market in the year
A.
1996
B.
1995
C.
1997
D.
1998
159. SEBI was
constituted as a statutory and an autonomous body on
A.
March 1993
B.
March 1991
C.
March 1992
D.
March 1994
160. This is a kind
of an option.
A.
Warrants
B.
Leaps
C.
Baskets
D.
All of these
161. Credit rating
indicates
A.
Operating risk of the entity
B.
Financial risk of entity
C.
Comprehensive risk of the entity
D.
Risk of financial instruments
162. What is the
primary goal of financial management?
A.
To minimize the risk
B.
To maximize the owner’s wealth
C.
To maximize the return
D.
To raise profit
163. The market
value of share is responsible for
A.
The investment market
B.
The Govt.
C.
Shareholders
D.
The respective companies
164. From the below
mentioned items, which are financial assets?
A.
Machines
B.
Bonds
C.
Stocks
D.
Band
165. Information
that is used by investors for expecting future earnings is recorded in
A.
Annual Report
B.
Five Year Report
C.
Exchange Report
D.
Stock Report
166. Financial
securities which can be changed into cash to their book value price are
categorized as
A.
Short term investment
B.
Inventories
C.
Long term investment
D.
Cash equivalents
167. Deferred
shares are generally issued to
A.
Govt
B.
General Public
C.
Promoters
D.
Managing Agents
168. The official
signature of company is called
A.
Prospectus
B.
Debenture
C.
Common seal
D.
Shares
169. The company is
managed by the group of persons known as
A.
Board of Directors
B.
Group of Member
C.
Team of Shareholders
D.
None of the above
170. In Trial
Balance, which accounts with normal balance is recorded at the credit side?
A.
Bank Account
B.
Equipment Account
C.
Cash a/c
D.
Accrued Expenses a/c
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