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Total Numbers of Question: 20
Total Time: 20 Minutes
Mark for each correct answer: 1
Mark for each incorrect answer: 0.
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Question 1 of 20
1. Question
1 pointsThe long-term assets that have not physical existence but those are rights that have value is known as:
Correct
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Question 2 of 20
2. Question
1 pointsIn accounting, an economic event is known as:
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Question 3 of 20
3. Question
1 pointsThe liabilities that are payable in more than a year and are not to be liquidated from current assets is known as:
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Incorrect
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Question 4 of 20
4. Question
1 pointsLiquid or Quick assets is equal to:
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Question 5 of 20
5. Question
1 pointsThe ratios that refer to the ability of the firm to meet the short-term obligations out of its short-term resources:
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Question 6 of 20
6. Question
1 pointsFinancial accounting provides financial information to all of the following external users except:
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Question 7 of 20
7. Question
1 pointsWhich is the most important characteristic that all assets of a business should have?
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Question 8 of 20
8. Question
1 pointsWhich of the following is likely to happen because of an inadequacy of consideration in contracts
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Question 9 of 20
9. Question
1 pointsThe Sale of Goods Act deals only with goods which are______ in nature.
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Question 10 of 20
10. Question
1 pointsContigent good belongs to______goods.
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Question 11 of 20
11. Question
1 pointsAt the time of dissolution non-cash assets are credited with:
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Question 12 of 20
12. Question
1 pointsThe profit earned prior to the date of incorporation is:
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Question 13 of 20
13. Question
1 pointsThe main source of income for non-trading concern is:
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Question 14 of 20
14. Question
1 pointsIdentify the nominal account:
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Question 15 of 20
15. Question
1 pointsIAS-7 applied for the preparation and presentation of:
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Question 16 of 20
16. Question
1 pointsWhich one of the following statements is correct?
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Question 17 of 20
17. Question
1 pointsIn India private sector entered into the Life Insurance business in the year:
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Question 18 of 20
18. Question
1 pointsIf super profit is Rs. 4‚000 and normal rate of return is 8 per cent, the amount of goodwill will be:
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Question 19 of 20
19. Question
1 pointsNet profit after tax of Rs. 2,00,000 is Rs. 4,00,000. The share capital is Rs. 8,00,000 and revenue reserve is Rs. 2,00,000. What is the rate of return on equity?
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Question 20 of 20
20. Question
1 pointsA large amount spent on special advertisement is:
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Other Sets of APDCL AAO Mini Mock Test:
General Knowledge part for APDCL AAO Mini Mock Test:
- APDCL Mini Mock Test- 1
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