XII Accounts and GK Part III

A production budged is prepared to find out the units to be produced.

• True

• False

Father of Accountancy is

• John M Keynes

• Fra Luca Bartolomeo de Pacioli

• John Mittehl Stephen

• Albert Enistine

Provision can be used for any expenditure that has to be met in future.

• False

• True

For the adjustment of working capital, which statement is true

• Less: decrease in Current assets

• Add: increase in Current assets

• Less: increase in Current liabilities

• Add: decrease in Inventory

His Majesty Jigme Singye Wangchuk’s Birthday on the 11^th November is also celebrated as……

• National Day

• Constitution Day

• Children's day

• Social forestry Day

For a business classified as ‘Large’, the maximum salary allowed as deduction for tax purpose is Nu (a)  

(Write only figure)

Name The mountain range that divides western and central Bhutan.

• Thrumshingla

• Jow Durshing

• Jomolhari

• Jichu Drakey

In general, when people’s income increases, the general demand for goods and services…..

• Increases

• Decreases

• Stays same

• None of the above

Discount account is a real account

• False

• True

A group of fish is called a school and a group of lions is called pride. Group of sheep is called flock. Likewise, a group of ants is called………

• Clowder

• Herd

• Tribe

• Colony