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WorksheetsE3E4 BS PL E5E6 Telecom
Total questions: 28
Worksheet time: 9mins
Name
Class
Date
1.
___________ is the art of recording, classifying and summarizing in a significant manner.
a)
Accounting
b)
Financing
c)
Administration
d)
None of the above
2.
What refers to posting the entries from Journal to the respective ledger accounts
a)
Recording
b)
Classifying
c)
Summarizing
d)
Reporting
3.
What refers to making entries of all business transactionsinto the Journal/Subsidiary Book
a)
Recording
b)
Classifying
c)
Summarizing
d)
Reporting
4.
What refers to preparation of Trial Balance out of all the ledger accouts
a)
Recording
b)
Classifying
c)
Summarizing
d)
Reporting
5.
Preparation of profit and loss a/c, Balance Sheet refers to
a)
Recording
b)
Classifying
c)
Summarizing
d)
Reporting
6.
The main object of Book Keeping is
a)
To know gain/loss
b)
To value assets and liabilities
c)
For comparison to similar business
d)
All of the above
7.
When BSNL started its commercial operation
a)
1 st October, 2000
b)
1st April, 2001
c)
1 January, 2001
d)
None of the above
8.
Subsidiary ledgers are maintained to record details of various transactions to supplement the General ledger
a)
True
b)
False
c)
Partly True
d)
None of the above
9.
Journal records
a)
Cash transactions
b)
Bank transactions
c)
Non-Cash transactions
d)
None of the above
10.
Which of the following is not a basic accounting record
a)
Purchase Register
b)
Salary payable Register
c)
Bills payable Register
d)
Family Particulars of employee
11.
Which Section of the BSNL Corporate office compiles the Financial Statements of the Corporation
a)
Corporate Accounts Section
b)
Secretarial Section
c)
HR Section
d)
All of the above
12.
What is being represented by the Balance Sheet
a)
Financial status
b)
Performance status
c)
Profitability
d)
None of the above
13.
Profit and Loss a/c also called as
a)
Performance statement
b)
Positional Statement
c)
Both 1 and 2
d)
None of the above
14.
Which among the following is not a current asset
a)
Cash and Bank balance
b)
Debtors
c)
Bills receivable
d)
Motar Vehicles
15.
Which of the following is a current asset
a)
Prepaid Expenses
b)
Salaries payable
c)
Administrative Expenses
d)
All of the above
16.
The assets acquired for use over relatively long periods for carrying on the operations of the business are termed as
a)
Fixed Assets
b)
Current Assets
c)
Both 1 and 2
d)
None of the above
17.
Who are theoretically called as the owners of the company
a)
Equity Shareholders
b)
Preference Shareholders
c)
Debenture holders
d)
All of the above
18.
What Schedule of Sec. 211 of the Companies Act 1956 deals with preparation of Profit and loss a/c & Balance Sheet
a)
Sch. VI
b)
Sch. V
c)
Sch. IV
d)
None of the above
19.
As per the Companies Act 1956 what should be the form for Balance Sheet preparation
a)
Sch. VI Part I
b)
Sch. VI Part II
c)
Sch. VI Part III
d)
None of the above
20.
As per the Companies Act 1956 what should be the form for Profit and Loss a/c preparation
a)
Sch. VI Part I
b)
Sch. VI Part II
c)
Sch. VI Part III
d)
None of the above
21.
According to the TRAI recommendations how many segments are there in the BSNL
a)
Two
b)
Three
c)
Four
d)
No segmentation
22.
What are the sub heads under Income head
a)
Income from Services
b)
Other Income
c)
Both 1 and 2
d)
I only
23.
The Preference Shareholders have right to dividend when there is profit to declare
a)
YES
b)
NO
c)
Companies Act is silent in this respect
d)
Not possible to determine
24.
Borrowings against which no specific security is provided is called as
a)
Unsecured loans
b)
Secured loans
c)
Both 1 and 2
d)
None of the above
25.
Gains araises which are not related to normal business operations is called
a)
Capital Reserve
b)
Revenue Reserve
c)
Current Reserve
d)
Profit
26.
Accumulated retained earnings from the profits of normal business is called as
a)
Capital Reserve
b)
Revenue Reserve
c)
Current Reserve
d)
Profit
27.
Addition of non-cash expenses and Deletion of non-cash Incomes are adjusted to Net Profit figure in order to know
a)
Cash Flow from Operating Activities
b)
Cash Flow from Financing Activities
c)
Cash Flow from Investing Activities
d)
All of the above
28.
Cash flow due to purchase of inventories, fixed assets, investments, etc.. causes
a)
Cash Flow from Operating Activities
b)
Cash Flow from Financing Activities
c)
Cash Flow from Investing Activities
d)
All of the above
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