CPT online mock test 4

Suspense Account is a:

Contra entry in Cash Book is completed when:

Which standard deals with Provisions, contingent liabilities & Contingent Assets?

Bad Debts recovered from Ram but wrongly Ram A/c was credited, Because of this error:

The value to be shown in the Balance Sheet under “Cash at Bank” is received from:

In which method of depreciation, depreciation is charged more than value of cost:

Balance of which coloum in not calculated in cash book:

Calculate revenue Profit from the following in information: Original Cost Rs. 1,00,000 Written down Value Rs. 95,000 Selling Price Rs. 1,15,000

A machine was purchased for Rs. 1,00,000, 4 years ago. Depreciation charged @10% per annum as per SLM basis. Now company want to charge depreciation @ 15% on WDV Basis from 5th year. P & L A/c will be:

Cost of machine is Rs. 1,00,000. Scrape value after charging 20% depreciation per annum by WDV method is 8,590 Rs. What is the life of machine?

A Void Contract is ___

Original offer is rejected when there is ___

A person advertised in newspaper to sell his old car. Then the offer is ____

Which of the following is true?

Which of the following is correct?

The following are the essential elements which need to co-exist in order to make a valid contract:

If in a Contract both legal and illegal part exists, the legal part is separable from illegal part, then the legal part is ____

A promise to pay time barred debt must be _

For the necessaries supplied to a minor, the amount can be recovered from___

Quasi Contractual liabilities lead to ____

Which statement is true about law of demand

Which of the following is not a determinant of demand

Generally when income of a consumer increases he goes for superior goods, leading to fall in demand for inferior goods. It means income elasticity of demand is ______

Which one of the following is not a characteristic of land

An entrepreneur undertakes which of the following functions

A demand curve parallel to y-axis implies

Marginal Cost changes due to change in ____cost

The demand curve of an oligopolist is

Selling outlay is an essential part of which of the following market situation

Kinky demand curve model explains the market situation known as _____

In a class of 50 students 35 opted for Maths, 37 opted for commerce. The number of such students who opted for both maths and commerce is

The range of the relation {(1,0) (2,0) (3,0) (4,0) (0,0)} is

If A={1,2,3} and B={4,6,7} then the relation R={(2,4) (3,6)} is

The distance from the origin to the point of intersection of the two straight lines 3x-2y=6 and 3x+2y=18 is

The lines 3x-4y+5=0, 7x-8y+5=0 and 4x+5y-45=0 Are

If x : y  2: 3 then (5x+2y): (3x-y) =

A parameter may be defined as a characteristic of a population based on ____

If it is known that the 95% LCL and UCL to population mean are 48.04 and 51.96 respectively. If the sample size is 100, what will be the value of population SD?

Method used to test the human blood is called in statistical terminology ______

If a variate X has, Mean > variance, then its distribution will be