Professional Documents
Culture Documents
Advance Account II MCQ Finalbsisjsh
Advance Account II MCQ Finalbsisjsh
Advanced Accounting- II
Semester VI
Prepared by-
Advanced Accounting - II
Question paper I
2. In departmental accounting, where separate books are kept for each department. It is
commonly referred to as________
a) Columnar accounting
b) Independent Accounting
c) Consolidated accounting
d) Single entry system
a) No of employees
b) No of managers
c) No of supervisors
d) Direct wages
a) Purchase
b) Sales
c) Advertisements
d) None of these (Dep-Value of machine )
A] Sales
B] Purchase
C] No of employees
D] Area
Q.17 Compulsory transfer to contingency Reserve ...........% of the cost fixed Assets.
A. mini. 25%, max. 50%
B. mini. 50%,, max. 75%,
C. mini. 0.025%,, max. 0.05%,
D. mini. 0.25%,, max. 0.50%,
Q.18 Capital Account on each side there are ........ columns for amount.
a) 1
b) 2
c) 4 (Expenditure 4 Receipt 4=8)
d) 5
Q.19 In Electricity company the ordinary balance sheet is split in .......... parts.
a) Five
b) Four
c) Three
d) Two (Capital Account & General Balance sheet )
Q.31 The persons who come to the solicitor for such Legal matters are called -
a) Clients
b) Customers
c) Seller
d) Purchaser 0
Q.33 Profit cost it is shown on the .......... side of his Profit & Loss Account.
a) Debit
b) Credit
c) Either Credit or Debit
d) None of these
c) Bills of Exchange
d) Deficiency
Q.40 Client’s Ledger is ruled with ........... column on the debit side.
a) Two
b) Four
c) Five
d) Three (this account contains personal account of client so ans is three)
Advanced Accounting II
Question paper II
a) Shares
b) Debentures
c) Shares Premium
d) All of these
a) Liability side
b) Assets Side
c) Both of A & B
d) None of these
a) Liability side
b) Assets Side
c) Both of A & B
d) None of these
6 When capital Expenditure is Rs. 500,000 then contingency Reserve 1/2% = ________
a) 2540
b) 2500
c) 2600
d) 2700
7 When Equity shares of Rs. 200,000 Debentures of Rs. 150,000 and bank Loan is Rs. 50,000 then total
capital Receipts = _____
a) 3,50,000
b) 4,00,000
c) 5,00,000
d) 4,50,000
8 When building is Rs. 2,50,000 Machinery of Rs. 1,00,000 and mains of Rs.1,50,000 then Total capital
expenditure__________
a) 3,50,000
b) 4,00,000
c) 5,00,000
d) 4,50,000
a) 25,000
b) 50,000
c) 75,000
d) 1,00,000
a) Departmental Profit
b) Liabilities
c) Assets
d) All of these
a) Purchase
b) Sales
c) No. of workers
d) None of these
13 When departmental salary of Rs. 40,000 Allocated between 'A' and 'B' as per 4:1, then salary of 'A'
department =______
a) 8,000
b) 32,000
c) 4000
d) 30,000
14 When total sales of Rs. 2,00,000 and Gross profit = Rs. 40,000 then rate of gross profit =______
a) X’s Account
b) Y’s Account
c) Z’ Account
d) XYZ Account
a) Cost price
b) Sale price
c) Cash price
d) None of above
Prof. Shrawan B Bansode
DCC Latur Page 12
Advanced Accounting VI
a) Sales
b) Purchase
c) Both of these
d) None of these
a) Rent
b) Sale
c) Both of these
d) None of these
a) Rent
b) Cost
c) Sale
d) Purchases
21 If barrel charged at Rs 500 each, customer return barrel within a month then credited to rs 450. Then
rental charges are ?
a) 500
b) 450
c) 50
d) 950
a) Debited
b) Credited
c) Both a and b
d) None of these
a) Debited
b) Credited
c) Both a and b
d) None of these
a) Debited
b) Credited
c) Both a and b
d) None of these
a) Intellectual skill
b) Manual skill
c) Both a and b
d) None of these
a) Expenditure
b) Receipts
c) Both a and b
d) None of these
a) Receipt
b) Expenditure
c) Both a and b
d) None of these
a) Receipt
b) Expenditure
c) Both a and b
d) None of these
a) Assets
b) Liabilities
c) Both a and b
d) None of these
b) Liabilities –Capital
c) Both a and b
d) None of these
a) Good
b) Doubtfull
c) Bad
d) All of these
a) Unsecured Creditors
b) Fully secured Creditors
c) Partly secured Creditors
d) Preferential Creditors
a) Capital
b) Profit
c) Other income
d) All of these
34 Book value of stock is Rs. 30,000 and realised value is Rs. 28000 then diffference is_____
a) Other Loss
b) Other Income
c) Both a and b
d) None of the above
a) Preference creditors
b) Debtors
c) Both of these
d) None of these
36 If doubtful debtors of Rs. 5,000 and realised Rs. 3,000 then the difference is______
a) Good
b) Bad
c) Both of these
d) None of these
a) List 'A'
b) List 'B'
c) List 'D'
d) List 'C'
a) List 'A'
b) List 'B'
c) List 'D'
d) List 'C'
a) List 'A'
b) List 'B'
c) List 'D'
d) List 'E'
40 If amount of creditors Rs. 80,000 and security value is Rs. 1,00,000 then it is______
a) Fully secured
b) Unsecured
c) Preference
d) All of these
A. prime cost.
B. common expenses.
C. direct expenses.
D. management expenses.
A. balance sheet.
B. trading account.
C. P & L account.
3. When goods are transferred from one department to other department, they are called __________.
A. Inter-departmental transfers.
B. outer-departmental transfers.
C. not a transfer.
D. regular transfer.
4.When goods are transferred from one department to other, the department transferring the goods should
be ___________.
A. debited.
B. credited.
C. added.
D. subtracted .
5.When goods are transferred from one department to other, the department transferring the goods should
be credited and department receiving the goods should be _________.
A. debited.
B. credited.
C. added.
D. subtracted.
6.In departmental accounts expenses like director fees, interest is transferred to ______.
A. balance sheet.
B. trading account.
A. profit.
B. losses.
C. cash.
D. assets .