APDCL AAO Mini Mock Test- 2 | APDCL Assistant Accounts Officer Recruitment 2018

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What is the main purpose of financial accounting?

After a business transaction has occurred, journal entries are recorded in the:

Control accounts are most commonly used for which of the following purposes? 

Reports that can be prepared from the adjusted trial balance:

Inventory is valued at lower of the cost or net realizable value on account of the accounting principle of:

The accrual basis of accounting records revenues when they are:

Bad debts written off during a period of accounting are entered in which side of a control account? 

Transferring entries from journal to ledger account is commonly known as:

Sales of ₹500 were recorded twice in the sales ledger control account. What is the correct adjustment in a debtor control account?

A cash book with cash, bank and discount column is commonly referred as:

Which of the following is known as the base for preparing trial balance?

A company purchased a vehicle for ₹6000. I will be used for 5 years and its residual value is expected to be ₹1000. What is the annual amount of depreciation using the straight-line method of depreciation? 

Non-profit organizations prepare all of the following accounts except:

Which of the following is not regarded as the fundamental concept that is identified by IAS-1?

In the period of rising prices, LIFO method may result in:

If two or more jute mills combine together, it is known:

In India, foreign exchange for import of goods is sanctioned by:

The concept of a separate entity is applicable to which of following types of businesses?

Given
Total assets turnover=4
Net Profits=10%
Total Assets= ₹50000
Net profit will be: