PNB JMG -1 PRE PROMOTION TEST

Outstanding interest on loan borrowed from bank is to be added to


All the Items given in the adjustment will appear at ...........places in Final Accounts


From the given information calculate the closing Capital of the proprietor firm. Profit during the year 4,800/-, Additional Capital brought during the year 4,000/-, Drawings - 2,400/-, Capital at the beginning -9,600/-


The depreciation method rcognised by Income Tax Authorities


Loss on sale of Fixed Asset appears on the


From the following particulars, find out the rate of depreciation, under the Straight Line Method, Cost of Fixed Asset - 50,000. Residual Valued5,000/- Estimated Life :10 years


Cash Accrual / Cash Profit means


While admitting a new partner, undistributed profit or loss is transferred to


Which of the following is true


A and B are partners sharing the profits in the ratio of 3:2. They admitted 'C' for 1/5 share as new partner. A's old share is 3/5 and new share is 12/25. what is his sacrificing ratio?


A and B are partners sharing the profits in the ratio of 3:2. They admitted C for 1/5 share aas new partner. Calculate the new profit sharing ratio?


If the Good Will account is raised by Rs.30,000, the amount is debited to


At the time of retirement of a partner, Gaining Ratio for remaining partners can be calculated as follows:


Minimum amount to be collected by a company as application money according to SEBI is ........% of the issue price.


The public issue must be kept open for atleast


A firm's balance sheet reveals a quick ratio of 1:1 and a current ratio of 4:1. What does it reveals?


What is Networth


What is the tangible Net Worth


Goods withdrawn for personal use is debited to


A sole proprietor ship firm was started with a capital of 10.00 lacs. The first year profit was 2.00 lacs. Proprietor withdrew 1.00 lac. What is the capital of the firm at the end of the first year


A company is accepting Fixed Deposits @10% for 5 years from public. How will you classify the item while assessing working capital limit for the company?


Expand GAPP


How is Super Profit is calculated in Partnership Account?


Choose correct statement on issue of Bonus shares:


What is Rights Issue of a Company?


Del Credere Commission is allowed to cover:


Initial expenses while starting a huge project should be classified as :


The statutory taxes paid in advance should be classified as


Under diminishing balance method , the depreciation is calculated on


A credit received through RTGS in bank account towards realisation of Receivables


As a result of Rights issue, the bank balance went up. Choose incorrect statement from the below


One out of the following errors can be located by preparing Trial Balance


REvaluation method of depreciation is used in the following types of Assets


Periodical writting of some of the intangible assets is knownas


Total of Sales Book is Overcast by 15,000


Under theComapanies Act, The Financial year of a company :


Sales Returns are deducted from







































Discussion

bhupinder

good preparation

1089 days 6 hours 9 minutes ago

bhupinder

good for preparation

1089 days 6 hours 25 minutes ago

Bhagya Lakshmi

Question no. 22 has its answer wrong, it is Generally Accepted Accounting Prnciples( GAAP). In the question also it says GAPP, it should be GAAP.

1117 days 3 hours 21 minutes ago

C.S. PASRICHA
DEPUTY GENERAL MANAGER -PNB RSC BELAPUR
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