जीपीएससी परीक्षा पूर्वतयारी

1 Question Description When debentures are issued as collateral security, the final entry for recording the collateral debentures in the books is-----------

A Credit Debentures A/c and debit Cash A/c

B Debit Debenture Suspense A/c and Credit Cash A/c

C Debit Debentures Suspense A/c and Credit Debentures A/c

D Debit Cash A/c and Credit the loan A/c for which security is given

E None of the above

Correct Answer C

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2 Question Description The accounting concept of money measurement is evident under which of the following circumstances?

A Making provision for doubtful debts and discount on debtors

B Recording all transactions at a price paid for it

C Recording non-monetary fixed assets at historical cost less accumulated depreciation

D Recording all events/transactions through a common denominator, namely the monetary unit

E None of the above

Correct Answer D

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3 Question Description Which of the following statements is false?

A Credit side total of discount column of cash book is an income

B Credit balance of bank pass book is an overdraft

C Debit balance of bank column of cash book is an asset

D Debit balance of cash column of cash book is an asset

E None of the above

Correct Answer B

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4 Question Description The interest on call-in-advance is paid for the period from the ----------

A Date of receipt of application money to the date of appropriation

B Date of receipt of allotment money to the date of appropriation

C Date of receipt of call-in-advance to the date of appropriation of the call

D Date of appropriation to the date of dividend payment.

E None of the above

Correct Answer C

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5 Question Description According to section 78 of the Companies Act, the amount in the share premium account cannot be used for the purpose of

A Issue of fully paid bonus shares

B Writing off losses of the company

C Writing off preliminary expenses

D Providing premium payable on the redemption of preference shares or debentures of the company.

E None of the above

Correct Answer B

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6 Question Description Income and expenditure account records transactions of:

A Revenue nature only

B Capital nature only

C Both revenue and capital nature

D Income of only revenue nature and expenditure of revenue and capital nature

E None of the above

Correct Answer A

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7 Question Description Financial statements provide a true and fair view if

A It is free from any material error and bias.

B It is prepared using the appropriate accounting policy and applicable accounting standards.

C It is prescribed in the format prescribed by the regulator or, in the absence of a prescribed format, it is prepared in a manner that

facilitates analyses of the financial position and the performance of the reporting enterprise.

D It conforms to all of the above A, B and C.

E None of the above

Correct Answer D

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8 Question Description When debentures are redeemed out of profits, the amount transferred to General reserve should be-----

A Premium payable on redemption

B Payable on redemption

C Nominal value of debentures redeemed

D Any one of the above

E None of the above

Correct Answer C

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9 Question Description X and Y are partners sharing profits in the ratio of 4:3. Z is admitted for 1/5th share and he brings in ₹1,40,000 as his share of

goodwill in cash of which ₹1,20,000 is credited to X remaining amount to Y. New profit sharing ratio will be

A 4: 3: 5

B 2: 2: 1

C 1: 2: 2

D 2: 1: 2

E None of the above

Correct Answer B

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10 Question Description Which accounting standard is applicable for cash flow statement?

A AS- 1

B AS-10

C AS-19

D AS-3

E None of the above

Correct Answer D

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11 Question Description Which organization is responsible for developing and establishing the Generally Accepted Accounting Principles (GAAP) in the

United States?

A International Financial Reporting Standards Foundation (IFRSF)

B International Accounting Standards Board (IASB)

C Financial Accounting Standards Board (FASB)

D Securities and Exchange Commission (SEC)

E None of the above

Correct Answer C

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12 Question Description Which financial statement is prepared based on the information presented in the Receipts and Payments Account?

A Income Statement

B Balance Sheet

C Cash Flow Statement

D Statement of Changes in Equity

E None of the above

Correct Answer B

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13 Question Description Which financial statement is not specifically required under IFRS?

A Income statement

B Balance sheet (Statement of financial position)

C Statement of cash flows

D Statement of retained earnings

E None of the above

Correct Answer D

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14 Question Description Which of the following teaching methods (s) is/ are contribute to the direct learning?

A. Interactive presentation

B. MOOCS and Heuristics

C. Simulation and Role playing

D. Lecture with or without use of audio-visuals.

E. Participation in workshop and assignments.

F. Team teaching and lecturing.

Choose the correct option from those given below:

A D, E and F

B B, C and E

C D, E and F

D A,E and F

E None of the above

Correct Answer B

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15 Question Description A severe barrier to effective communication in the usage of words is ________

A Disturbance

B Discrimination

C Disorder

D Distortion

E None of the above

Correct Answer D

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16 Question Description Which of the following tactics in a language class should be avoided if you want students with dyslexia to succeed?

A Setting strict deadlines for handwritten work submission

B Allowing voice recorders in place of taking notes in class

C Allowing typed and printed assignments instead of handwritten

D Providing opportunities for reading and writing at individual locations

E None of the above

Correct Answer A

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17 Question Description Assessment should be ______

A A. Holistic and Continuous

B B. Teacher centered and discontinuous

C C. Standardised and exam centric

D D. Summative and norm referenced

E None of the above

Correct Answer A

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18 Question Description As a means of communication, e-mails have features of the immediacy of ___ ___and ________

A Reading, Receiving

B Writing, Sending

C Calling, Receiving

D Receiving, Sending

E None of the above

Correct Answer D

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