Study Point-JK

Q.12 What is the maximum rebate you can avail u/s 87A?

Q.11 Which is the following is not a direct expense?

Q.10 when job is very big and spread over long periods of time the method of costing adopted is?

Q.9 _________is an extension of job costing?

Q.8 Favourable balance means?

Q.7 If the balance in the bank statement shows Rs. 3,000 (Dr.) and there are deposits of Rs. 800 not yet credited and unpresented cheques totaled Rs. 500, the balance in the cash book should be_____________?

Q.6 Of the following account types, which would be increased by a debit?

Q.5 Which of the following entry will be recorded when the bad debts are recorded?

Q.4 Find out value of account receivable from following cash Rs. 48,000 account payable Rs. 33,000 office equipment Rs. 21,000 owner equity rs. 77,000?

Q.3 Romesh buys goods on credit from Lara but finds that some of them are faulty. What document would Romesh return to Lara with the faulty goods?

Q.2 long term assets having no physical existence but, processing a value is called as?

Q.1 According to which concept, the proprietor pays interest on drawings?

Q.10 Which crop is grown in the largest acre of land in India?

Q.9 The major food crop in India is?

Q.8 By what name is the black cotton soil known in India?

Q.7 Regur soil is the largest?

Q.6 Which state is leader in canal irrigation in India?

Q.5 The largest rice producing state of India is?