Test 3

Accounting for partial reovery from Mr. Tilak of an amont of Rs.2500/- earlier written off as bad debt.

The total of discounts column on the debt side of the cash book, recording cash discount deducted by customers when paying their accounts, is posted to the

Rs. 1,000/- paid for servicing the company vehicle including Rs.100/- paid for charging the oil.

If an inflow of economic benefits is probable then a contingent asset is disclosed

Which of following is deplated

Bank reconciliation statement is not prepared to arrive at the bank balance

Consignment account is a

Bank reconciliation statement is prepared to arrive at the bank balance

Which of these is not an objective of inventory valuation?

When closing inventory will be overtated it will result in

As a general rule, an agreement with or by a minor is

In England—Consideration is not regarded as good consideration

A contract made by an idiot is —

_____Does not make the contract voidable.

A Qasi contract is ——–

On valid performance of contractual obligations by the parties , the contract —-

An agreement to do an act imposible in itself, is —–

Quantum meruit means

A contract for the sale of future goods is

The Doctrine of Caveat emptor implies—–

A parrlle supply curve to X- Axis indicates that elasticityi of supply is

Monopolist control over price is

In a very short period market

Secular period is also known as

Central bank in India is

Semi variable cost include—

HYVP means

GDP means

NNP at factor cost is known as

Personal income tax is levied on the income of

The quickest method to collect primary data is:

The most attractive method of data presentation is:

The average discovers:

7th decile is the abscissa of that point on the Ogive whose ordinate is:

What is the median for the following observations: 5, 8, 6, 9, 11, 4.

For calculation of average Speed & Velocity:

The most commonly used measure of central tendency is:

If the AM. and GM. of two observations are 5 and 4 respectively, then the two observations are:

If mean = 5, Standard deviation = 2.6 then the coefficient of variation is:

The class width of a frequency distribution can be _______ :