WorksheetsXII Accounts and GK Part III
Total questions: 18
Worksheet time: 13mins
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 11th 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
1. When a business buys a building and issues a cheque, …………………… account will be credited.
·
(a)
A father’s child, a mother’s child, yet no one’s son. Who am I?
(a)
Resource controlled by an entity as a result of past events and from which future economic benefits are expected to flow to the entity is termed as
Provisions
Expenses
Asset
Liability
You can these days withdraw cash from ATM and need not go to bank. What does ATM stands for?
Anytime Time Money
Automated Teller Machine
Autonomous Teller Machine
All Time Money
Speed of a computer mouse is measured in which unit?
Gigabyte
Mickey
Kilobyte
Megabyte
1. Inventory comprise of inventory of raw materials, inventory of work in progress and inventory of (a) goods.
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