The Autobiography of a School Bag - 4455 Words

TAKE HOME FULL LENGTH TEST – June 2011 ACCOUNTS AND LAW Maximum Marks: 100 Time: 2 Hours SECTION-A Accounts Q1. The ‘going concern concept’ is the underlying basis for (a) Stating fixed assets at their realizable values. (b) Disclosing the market value of securities (c) Disclosing the sales and other operating information in the income statement (d) None of the above. Q2. Rs. 1500 received from sub-tenant for rent and entered correctly in the cash book is posted to the debit of the rent account. In the trial balance (a) The debit total will be greater by Rs.3000 that the credit total (b) The debit total will be greater by Rs.1500 than the credit total. (c) Subject to other entries being correct the total will agree. (d) None of the†¦show more content†¦The cost of goods sold for the month of June, 2006 is (a) Rs.15,20,000 (b) Rs.14,02,500 (c) Rs.12,75,000 (d) Rs.13,60,000 Q13. X of Kolkata sends out 100 boxes to Delhi costing Rs.200 each. Consignor’s expenses Rs.4, 000. Consignee’s expenses non-selling 900, selling 500. 1/10th of the boxes were lost in transit. 2/3rd of the boxes received by consignee were sold. The amount of consignment stock will be: (a) Rs.7200 (b) Rs.7500 (c) Rs.7000 (d) Rs.6000 Q14. If del-credere commission is allowed by consignor to consignee, the bad debt treatment (in the books of consignor): (a) Will not be recorded in consignor’s books (b) Bad Debt will be debited in Consignor’s A/c (c) Bad Debt will be charged to General P/L A/c (d) Bad Debt will be recoverable along with credit sales Q15. A second hand car is purchased for Rs 10,000, the amount of Rs 1,000 is spent on its repairs , Rs 500 is incurred to get the car registered in owner’s name and Rs 1200 is paid as dealer’s commission. The amount debited on car account will be a) b) c) d) Rs 10,000 Rs 10,500 Rs 11,500 Rs 12,700 Q16. Advertising campaign to launch a new product is treated as a (a) Capital expenditure; (b) Revenue expenditure; (c) Deferred Revenue expenditure (d) None of the above Q17. Which is not a feature of capital expenditure? (a) It increases the quantity of fixed assets. (b) The receiver of the amount is going to treat it for the purchases of fixedShow MoreRelated Girl Interrupted Essay986 Words   |  4 Pagesfollowed up the success of her first book three years later with her second novel, Far Afield. Kaysens third and as far as I know last book, Girl, Interrupted has been hugely acclaimed in America and Britain. 2. Subject of the book: The book is an autobiography . It ´s about her memories of her two-year stay at McLean ´s psychiatric hospital, where she was treated for depression and Borderline Personality. With the help of a lawyer she obtained her 350 page file from the hospital. 3. 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So not only did it give African-Americans a chance to reveal their skills and abilities but also to improve equality and to set a path that would be successful in the future; now. One of the many devoted writers of the Harlem Renaissance was LangstonRead MoreEssay about Educational Technology Autobiography1552 Words   |  7 PagesEducational Technology Autobiography My experience with educational technology from K-12 to post-secondary education: The very first form of educational technology that I encountered was the use of the overhead in the first grade. In the third grade I was moved to a gifted and talented Math class; therefore, allowing my fellow classmates and myself access to a computer lab that contained seven apple computers. Every Friday we were allotted fifteen to twenty minutes on these computers to play