Accounting Quiz 4 | for MahaTransco, CIDCO, NMMC Jr. Accountant | Mock 100

कॉमर्स च्या विद्यार्थ्यांसाठी बहुप्रतिक्षेत असणारी MahaTransco, CIDCO, NMMC लेखापाल पदाची भर्ती परीक्षा येत्या काही दिवसात होणार आहे. तसेच इतर महानगरपालिकेमधील लेखविषयक पदे देखील भरण्यात येणार आहे. फक्त एक पेपर देऊन राज्य शासनात लेखापाल /लेखाअधिकारी बनण्याची उत्तम संधी कॉमर्सच्या विद्यार्थ्यांना आहे.

The much-awaited recruitment exam for the post of MahaTransco, CIDCO, NMMC Accountant for Commerce students will be held in the coming days. Also, accounting posts in other Municipal Corporations will also be filled. Commerce students have a great opportunity to become Accountants/Accounts Officers in the State Government by giving just one paper.

Solve Accounting Quiz for MahaTransco, CIDCO, NMMC

 

#1. Document that regulates the management of internal affairs of a company are

A. Memorandum of Association

B. Article of Association

C. Prospectus

D. Certificate of incorporation

#2. The Loss of Profit Policy normally covers the following items:

A. Loss of net profit and Standing charges.

B. Any increased cost of working e.g., renting of temporary premises.

C. Both (A) and (B).

D. None of the above

#3. Which of the following is not a type of method that used to seperate fix and variable cost?

A. Least Square Method

B. Marginal Consumption Method

C. Linear Equation Method

D. High and Low Method

#4. Which of the following allowance is Fully Taxable as per Income Tax Act.?

A. Travelling Allowance

B. Transportation Allowance

C. Convenance Allowance

D. Uniform Allowance

It is fully Taxable to a person other than disabled person up to Rs. 3200/-

#5. Cessation of work in the support of the demands of workmen belonging to other employer is called_______

A. Hunger Strike

B. Go slow

C. Stay in or sit down strike

D. Sympathetic Strike

#6. The Profit sharing ratio of continuing partners _____ when existing partner retires.

A. Remain Same

B. Decreases

C. Increases

D. Can't be Calculated

Because reduction in the number of partners

#7. According to _________ standard the depreciation amount of an asset should be allocated on a systematic basis for each accounting period during the useful life of an asset.

A. AS 09

B. AS 13

C. AS 03

D. AS 10

#8. The person, firm, or institution who does not pay the price in cash for the goods purchased or the services received is called ________.

A. Creditor

B. Debtor

C. Owner

D. Proprietor

#9. What does the realization concept state in accounting?

A. Revenue should be recognized when goods or services are delivered, regardless of when cash received

B. Revenue should be recognized when cash is received.

C. Expenses should be recognized when cash is paid.

D. Expenses should be recognized when goods or services are received, regardless of when cash is paid.

#10. Which of the following best describes the application of the conservatism concept?

A. Revenue should be recognized when earned, regardless of when cash is received.

B. Depreciation should be calculated using the straight-line method.

C. Liabilities should be recorded at their current market value.

D. Inventory should be valued at the lower of cost or market value. Liabilities should be recorded at their current market value.

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