Question: Hello Tutor, Can I except correct answer!!! Part (1) There are 100 people each p aying a yearly participation of 500. The Receipt and Payment

Hello Tutor, Can I except correct answer!!!

Part (1)

There are 100 people each p aying a yearly participation of 500. The Receipt and Payment account shows arrear enrollment of 4,500, advance subscriptions 6,000 and current 44,500. How much amount to be credited in the Income and Expenditure account?

Part (2)

When opening stock is 50,000; closing stock is 40,000; purchases are 1,90,000 net income is 16.67% on bargains, the arrangements are:

Part (3)

1. When setting up a bank bargain clarification, if you start with charge balance as indicated by cash book checks delivered off bank anyway not accumulated should be

(A) Added

(B) Deducted

(C) Not should have been changed

(D) None of the previously mentioned

2. Payment of Bills of Exchange is gotten

(A) by bureau

(B) by holder at the fitting season of due date

(C) by endorsee

(D) by bank

3. Which of these is/are rehashing (underhanded) costs?

(A) Transit Insurance and Freight

(B) Octroi

(C) Loading and Unloading

(D) Godown Rent and Insurance

4. Memorandum joint undertaking account is

(A) Personal Account

(B) Real Account

(C) Nominal Account

(D) None of the previously mentioned

5. The harmony of the Petty Cash is a/an

(A) expense

(B) income

(C) asset

(D) liability

6. Endowment resource receipt is treated as

(A) Capital Receipt

(B) Revenue Receipt

(C) Loss

(D) Expenses

7. Carriage outward is a piece of

(A) Office and Administrative overhead

(B) Factory overhead

(C) Selling and Distribution overhead

(D) Prime Cost

8. Notional cost is generally called

(A) Variable cost

(B) Imputed cost

(C) Opportunity cost

(D) Out of Pocket cost

9. Which one of coming up next would anything say anything is nevertheless a cost unit?

(A) Kilo watt hour

(B) Credit division

(C) Patient day

(D) Tonne-mile

10. Cost diminishing -

(A) Long term wonders

(B) It challenges the standards.

(C) It is managed without haggling the quality.

(D) All of the previously mentioned

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