Uttarakhand Sahayak Lekhakar (Assistant Accountant) Solved Exam Paper 2018

81. A receipt is a capital receipt because :
(A) It is credited to capital account \
(B) Amount is large
(C) It is related to fixed assets
(D) None of the above
Show AnswerAnswer -C

82. Which of the following is not applicable to responsibility accounting?
(A) Accounting Centre
(B) Cost Centre
(C) Investment Centre
(D) Profit Centre
Show AnswerAnswer -A

83. The payment side of the cash book is underCast by ₹200. When overdraft as per passbook is the starting point, then:
(A) ₹200 will be deducted
(B) ₹400 will be deducted
(C) ₹400 will be added
(D) ₹200 will be added
Show AnswerAnswer -D

84. Tallied trial balance indicates :
(A) Accuracy of book keeping
(B) Proper maintenance of books accounts
(C) Arithmetical accuracy of books
(D) None of the above
Show AnswerAnswer -C

85. Internal Auditor is appointed by the :
(A) Management

(B) Shareholders
(C). Government
(D) Statutory Auditor
Show AnswerAnswer -A

86. In which of the following methods the permanent working capital is financed by long term sources of funds ?
(A) Aggressive approach
(B) Conservative approach
(C) Hedging approach
(D) All of the above
Show AnswerAnswer -C

87.Regarding the taxation of an individual assessee which section promotes Capital Formation & Tax Planning?
(A) Section 80C
(B) Section 80G
(C) Section 80D
(D) Section 80.GG
Show AnswerAnswer -A

88. When trial balance is not matched, which account is opened ?
(A) Trading Account
(B) Suspense Account
(C) Profit and Loss Account
(D) None of the above
Show AnswerAnswer -B

89. On the insolvency of a partner, the deficiency of his/her capital account is borne by solvent partners according to Garner versus Murray :
(A) In equal ratio
(B) In profit sharing ratio
(C) In capital ratio
(D) None of the above
Show AnswerAnswer -C

90. The last instalment paid under hire purchase comprises :
(A) Cash price only
(B) Interest only
(C) Cash price and interest
(D) None of the above
Show AnswerAnswer -C

91. Bonus paid to employee will be shown in :
(A) Trading Account
(B) Profit and Loss Account
(C) Profit and Loss Appropriation Account
(D) None of the above
Show AnswerAnswer -B

92. A resident individual received * 5,00,000 as royalty on a literary book. He will get deduction under Section-80QQB:
(A) ₹2,00,000

(B) ₹5,00,000
(C) ₹4,00,000
(D) ₹3,00,000
Show AnswerAnswer -D

93. Which leverage ‘explains the relationship between earnings before interest and tax & earnings’ after interest but before tax ?
(A) Operating leverage
(B) Financial leverage
(C) Composite leverage
(D) None of the above
Show AnswerAnswer -B

94. For non-trading organisation honorarium paid is :
(A) A capital expenditure
(B) An income
(C) A revenue expenditure
(D) A liability
Show AnswerAnswer -C

95. A preferential share is one which enjoys a preferential right regarding :
(A) Payment of dividend
(B) Return of capital
(C) Both (A) and (B)
(D) None of the above
Show AnswerAnswer -C

96. An increase is selling price results in:
(A) Increase in Break-Even Point (BEP)
(B) Decrease in Break-Even Point (BEP)
(C) Increase in PIN ratio
(D) Both (B) and ©
Show AnswerAnswer -C

97. Wages owing is:
(A) Personal Account
(B) Real Account
(C) Nominal Account
(D) All of the above
Show AnswerAnswer -A

98. Cash flow statement is related to :
(A) Accounting Standard-6
(B) Accounting Standard-3
(C) Accounting Standard -2
(D) Accounting Standard -10
Show AnswerAnswer -B

99. Financial leverage is:
(A) EBIT/Sales x 100

(B) EBIT/ EBT
(C) Sales/ Fixed Assets
(D) Profit/Sales x Capital
Show AnswerAnswer -B

100. If closing stock is show in trial balance, then it will be shown in :
(A) Trading Account
(B) Profit & Loss Account
(C) Profit & Loss Appropriation Account
(D) Balance Sheet
Show AnswerAnswer -D

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