The useful life of a machine is estimated to be 10 years and cost Rs. 10000.

Rate of depreciation is 10% p.a. The scrap value at the end of its life is -

Rs 200 is invested at the end of each month in an account paying interest of 6% per year compounded monthly. What is the future value of this annuity after 10^TH payment?

How many numbers greater than 2000 can be formed with the digits 1, 2, 3, 4, 5 ?

The first three terms of sequence when nth term t, is  n²– 2n are

What is the median for the following observations?

5, 8, 6, 9, 11, 4

A starts from a point and walks 5 kms north, then turns left and walks 3 kms.

Then again turns left and walks 5 km. Point out the direction in which he is going now.

If the sum of squares of difference of ranks, given by two judges A and B of 8 students in 21,

what is the value of rank correlation coefficient?

Find the fraction which is equal to ½ when both its numerator and denominator

are increased by 2.  It is equal to ¾ when both are increased by 12.

Two cards are drawn from a pack of 52 cards.

What is the probability that either both are RED or both are KINGS?

While finalizing the current year’s profit,

the company realized that there was an error in the valuation of closing Inventory of the

previous year.

In the previous year, closing Inventory was valued more by Rs. 50,000.

As a result-

If the profit is 25% of the cost price then it is

If the equipment account has a balance of 22,50,000 and the accumulated depreciation account has a balance of 14,00,000, the book value of the equipment is;

The cost of using asset to earn revenue should be equated in the profit & loss Account

to the revenue earned. Which concept is complied with for making provision for depreciation?

Shyam sold 1000 units to Ram @ Rs 50 per unit. Ram will record this transaction as:

In case of a debt becoming bad, the amount should be credited to

A Casting Error in Sales book will effect

C’s trial balance contains the following information: Bad debts Rs. 4,000, provision for doubtful debts Rs. 5,000, Sundry debtors Rs. 25,000.

It is desired to create a provision for bad debts at 10% on sundry debtors at the end of the year. Closing balance of Provision for Doubtful debts A/c will be

If a Personal Account carrying Credit balance is to be carried forward to the subsequent Accounting period it will be written in

Fundamental accounting assumption as per AS 1 are:

Subsidy of Rs. 40,000 received from the government for working capital by a

manufacturing concern is

Interest on investments received will be

Return Inward A/c & Carriage outward A/c will have the following balance respectively:

Who is known as the Father of Modern Accounting?

Interest Receivable Account will be a -

An Entity following the Cash basis of Accounting. In this case he:

Ram: My corn harvest this year is poor.     
Krishna: Don’t worry. Price increases will compensate for the fall in quantity supplied.
Vinod: Climate affects crop yields. Some years are bad, others are good.      
Madhu: The Government ought to guarantee that our income will not fall.
In this conversation, the normative statement is made by

According to Keynes, fluctuations in Economic activities are due to-

According to ________ trade cycles occur due to onset of innovations.

Peaks and troughs of the business cycle are known collectively as

Relationship between AR, MR and Price elasticity of demand is

Which is not the function of an entrepreneur?

When was IRDAI constituted?

BRICS stands for:

Which limited company has businesses in Hotels, FMCG and Information Technology?

Perpetual succession benefit is enjoyed by?

A sells to B 100 bags of wheat lying in C’s ware house.

A orders to C to deliver the wheat to B.

C agrees to hold the 100 bags on behalf of B and makes the necessary entry in his books.

This is a –

Under the Companies Act, 2013, “Significant influence” constitutes how much % of total share capital or

of business decisions under an agreement?

Turquand Rule is related to:

Which one of the following statements about limited liability partnerships (LLPs) is incorrect?     

A listed company can convert to an LLP. Which is not a characteristics of partnership firms?

Which one of the following is not a characteristic of a contingent contract?

Sometimes, a party is entitled to claim compensation in proportion to the work done by him.

It is possible by a suit for

In which of the following cases, the unpaid seller loses his right of lien?

Partners are bound to carry on the business of the firm-

Which of the following statement is false? Consideration: