Uttarakhand Sahayak Lekhakar (Assistant Accountant) Solved Exam Paper 2018


Sahayak Lekhakar (Assistant Accountant) Solved Exam Paper 2018

61. A summary of all assets and liabilities on a particular date is shown in :
(A) Trial Balance
(B) Profit and Loss Account
(C) Balance Sheet
(D) Fund Flow Statement

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Answer -C

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62. A concept that a business enterprise will not be sold or liquidated in the near future is known as :
(A) Monetary unit
(B) Economic activity
(C) Going concern
(D) None of the above

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Answer -C

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63. From the following particulars, cash flow from investing activities will be –
Investment at the beginning of the period = ₹580,000
Investment at the end of the period= ₹340,000 During the year, the company had sold 50% of its investment held in the beginning of the period at the profit of ₹90,000.
(A) 3,11,000
(B) 320,000
(C) 310,000
(D) 330,000

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Answer -D

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64. ‘An auditor is a watch dog and not a blood hound’. This decision was given in which of the following cases ?
(A) London and General Bank
(B) Kingston Cotton Mills Company
(C) Union Bank Ltd.
(D) None of the above

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Answer -B

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65. Interest on debentures is calculated on :
(A) Its face value
(B) Its issue price
(C) Its market price
(D) Its redemption price

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Answer -A

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66.Financial statements are :
(A) Anticipated Facts
(B) Recorded Facts
(C) Estimated Facts
(D) Both (B) and (C)

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Answer -D

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67. Why residential status is Seen in taxation?
(A) To determine tax liability
(B) To levy penalty
(C) To levy interest payable
(D) To determine nationality

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Answer -A

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68. Debenture holders receive;
(A) Dividend
(B) Interest
(C) Profit
(D) None of the above

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Answer -B

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69 Incorrect treatment of revenue expenditure as capital expenditure results in :
(A) Increase in liabilities
(B) Increase in losses
(C) Increase in profits or decrease in losses
(D) Decrease in profits or increase in losses

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Answer -C

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70. A capital gain is a gain made on :
(A) The transfer of a personal car
(B) The transfer of household furniture
(C) The transfer of a capital asset
(D) The transfer of stock in trade

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Answer -C

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71. Who can be an auditor?
(A) Commerce Graduate
(B) Law Graduate
(C) Cost Accountant
(D) None of the above

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Answer -D

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72. Under hire purchase system depreciation is charged on:
(A) On cash price
(B) On hire purchase price
(C) On market price
(D) None of the above

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Answer -A

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73. Withdrawals by the proprietor would :
(A) Reduce both assets and owner’s equity
(B) Reduce assets and increases liability
(C) Reduce owner’s equity and increases liability
(D) No change

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Answer -A

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74. Provision for bad and doubtful debts is created in anticipation of bad debts on the basis of:
(A) Conservation concept
(B) Going concern concept
(C) Full disclosure concept
(D) Industry practice concept

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Answer -A

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75. The profit sharing ratio between A & B is 3:2, C enters into partnership for 1/5 share in profit or loss and their becomes 3:1:1 and C brings in ₹50,000 for goodwill. A & B will share the goodwill amount :
(A) A = ₹38000, B= ₹12000
(B) A = ₹30000 , B= ₹20000
(C) A = ₹50000 , B = ₹Nil
(D) A = Nil , B = ₹50000

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Answer -D

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76. When equity shareholders funds exceed the total of debentures and preference share capital, the capital structure is referred to as :
(A) High geared
(B) Low geared
(C) Evenly geared
(D) None of the above

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Answer -B

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77. The account which will be credited while making adjustment entry for interest on capital is :
(A) Capital Account
(B) Interest on Capital Account
(C) Profit & Loss Account
(D) Interest Account

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Answer -A

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78. Wages paid to Mohan for establishing a machine should be debited to :
(A) Wages Account
(B) Machine Account
(C) Mohan’s Account
(D) Cash Account

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Answer -B

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79. Margin of safety can be improved by :
(A) Increasing variable cost
(B) Increasing fixed cost
(C) Reducing volume of output
(D) Increasing selling price

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Answer -D

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80. Prefer Preference shares can be redeemed:
(A) only if they are fully paid up
(B) even if they are partly paid up
(c) after getting permission from the Court
(D) All of the above

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Answer -A

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One response to “Uttarakhand Sahayak Lekhakar (Assistant Accountant) Solved Exam Paper 2018”

  1. Ankit

    Bhai I want to download it in pdf

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