26) Offences committed under the Negotiable Instruments Act can be……..
Anonymous Quiz
29%
Compoundable
21%
Non compoundable
31%
Non compoundable and non-bailable
19%
Bailable
🥰1
27) A principal owes a duty to ……………..the agent for any losses the agent suffers because of the Principal. This duty usually arises where an agent is held liable for the principal’s misconduct.
Anonymous Quiz
20%
Ratify
19%
Rectify
61%
Indemnify
1%
None of the above
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28) Which among the following is to be considered as a Gratuitous Bailment?
Anonymous Quiz
18%
For the exclusive benefit of Bailor
16%
For the exclusive benefit of Bailee
41%
For the mutual benefit of Bailor & Bailee
25%
Both a or b
29) Whether member of One Person Company can be appoint as nominee in another One Person Company.
Anonymous Quiz
44%
Yes
47%
No
7%
Partly yes
2%
Partly no
🤔18
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CA Inter FM & ECO Rapid Revision for Nov 2023 term examination.
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👍1
30) K is the wife of A. She purchased a saree on credit from B. B demanded the amount from A. A refused to make the payment. B filed a suit against A for the same amount. Decide in the light of Indian Contract Act, 1872, whether B would succeed or not?
Anonymous Quiz
45%
B is entitled to sue A
42%
B is entitled to sue K
7%
B is not entitled to sue A & K
5%
Can't say
31) If average inventory is 1,25,000 and closing inventory is 10,000 less than opening inventory then the value of closing inventory will be
Anonymous Quiz
13%
1,35,000
29%
1,15,000
18%
1,30,000
40%
1,20,000
❤2🔥1🤔1
32) Which of the following term is most suitable for writing off Patent?
Anonymous Quiz
21%
Depletion
6%
Depreciation
58%
Amortization
15%
All of the above
33) Materiality Principle is an exception to the
Anonymous Quiz
13%
Consistency principle
38%
Full disclosure principle
23%
Accounting period assumption
26%
Prudence principle
👍1
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👍1
34) Excess of hire purchase price over cash price is known as
Anonymous Quiz
16%
Installment
58%
Interest
17%
Cash down payment
9%
Capital value of asset
👍3
Which of the following cannot be detected by Trial Balance?
Anonymous Quiz
26%
Errors of omissions
18%
Errors of principles
23%
Errors of misposting
33%
All of the above
👍1
36) Bad debts are apportioned among departments in the proportion of
Anonymous Quiz
45%
Sales of each department
22%
Number of units sold each department
18%
Cost of sales of each department
15%
None of the above
👍2
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CA Inter Costing Rapid Revision for Nov 2023 term examination.
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37) Contingent liability would appear.
Anonymous Quiz
24%
on the liability side of the Balance Sheet.
7%
on the assets side of the Balance Sheet.
13%
do not shown in the books of accounts
56%
as a note in Balance Sheet.
👍2
38) Bad debts Recovered 1,000. It will be
Anonymous Quiz
28%
Credited to Bad debts A/c
20%
Credited to debtor’s personal A/c
6%
Debited to creditor’s personal A/c
45%
Credited to bad debts recovered A/c
👍2
39) Bank Reconciliation Statement is:
Anonymous Quiz
9%
Ledger account
16%
Part of cash book
67%
a seperate statement
7%
a subsidiary of journal
40) _______is equal to estimated selling price less the estimated costs of completion and the estimated costs necessary to make the sale.
Anonymous Quiz
62%
Net Realisable value
18%
Cost of Conversion
11%
Cost of Purchase
8%
None of the above
41) In a process 8000 units are introduced during a period. 5% of input is normal loss. Closing work in progress 60% complete is 1000 units. 6600 completed units are transferred to next process. Equivalent production for the period is:
Anonymous Quiz
17%
9000 units
18%
7440 units
30%
5400 units
35%
7200 units
P/V Ratio will increase if the
Anonymous Quiz
17%
There is a decrease in fixed cost
16%
There is an increase in fixed cost
24%
There is a decrease in selling price per unit
43%
There is a decrease in variable cost per unit.