Test 1

who decides howmuch sales taxes should be paid by the concern?

Value of stock is taken at the year ended at market price or cost price,whichever is less

Keep separate record in individual accounts

If Mr.Amith starts a business with M/S ABC and co with a capital of Rs 50000 ,this amount shown as a liability in the books of M/s ABC and co

Financial instruments Disclosures

According to AS-1 ,Disclouser should be made

Following is not an example of An accounting policy

Capital of business is Rs.20000 and Liability if RS.5000 then total Assets of Business would be

Journal records transactioins of the firm in a

The preparation of trial balance is for

In India ,The law relating to contracts is contained in

In a contract through post ,the acceptor becomes bound by the contract when properly addressed and stamped letter of his acceptence is

Which of the following statement is false

Which of the following Persons are not competent to contrdact

In which of the following modes , the contract is discharged?

Anticipatori breach is the repudiation of the contract

In an Agreement to sell, the property in the goods is transferred to buyer

The goods are at the risk of a party who has the

A contract made by an Idiot is _________

A Qusi contract is _______

Economics is science in its methodology and art in its

Economics as a positive science analyses

The process of production is nothing but creation of

Circulating capital in a form capital , which is

The term land in Economics means

Expansion of Demand is shown by

Demand deffination consist of

Demand curve slops downward because of

Monopolist control over price is

Secular period is also known as

An employeer recruits experienced (x),and fresh workman (y) for his firm under the condition that he cannot employ more than 9 people.x nad y ca be related by the inequality

A sum of money is invested at 5% per annum and double of it at 4%p.a .Total interest is RS.130 per year . The some invested 4% is

A sum of money is invested at 3% and a second sum twice as large as the first is invested at 2 1/2 % is

In howmany ways can 10 books be arranged on a shelf so that a perticular pair of books shell be never together

In an examination there are three multiple choice questions and each question has four choices . The number of sequences in which a student can failed to get all answers correct is

In a meeting , after everyone had shaken hands with every else , it was found that 66 hands shakes were exchanged . Has many persons were present at the meeting

A question paper contains five questions, each having an alternative .In howmany ways, can a candidate answer one or more questions

Three boys and three Girls are tobe seated around a table in a circle. Among them , the boy X does not want any girl neighbour and the girl Y does not want any Boy neighbour.Howmany such arrangements are possible

The n’th term of the series whose sum to n terms is 5n2+2n is

Four geometric means between 4 and 972 are