Time : 2 Hours Max.

Marks: 100

ITO Paper - 2 (Advanced Accountancy) (Without Books)

12th September, 2023 (Shift 1 – 10.30 AM to 12.30 PM)

Important Instructions: All questions carry one mark each. For

every incorrect attempt 1/8th mark shall be deducted. In case of any
doubt, the English version may be taken as authentic. Wherever
Assessment Year is not given, it may be taken as A.Y. 2023-24. In
case of doubt in respect of the answer, choose the most
appropriate option for the given question.

Page 1 of 36
1. ABC Pictures constructs a cinema house ABC fiDplZ us ,d flusek
which became operational on 1st January, ?kj cuk;k] ftldk lapkyu
2023 and incurs the following expenditure 1 tuojh] 2023 ls izkjaHk
during the first year ending 31.03.2023: gqvk vkSj fnukad
31-03-2023 dks lekIr
2nd hand furniture worth Rs. 20,00,000/-
izFke o”kZ ds nkSjku
was purchased; Repairing of the furniture
costs Rs. 2,00,000/-.
fuEufyf[kr O;; gq,%
The furniture was installed by engaging
workmen wages for which was :- 20]00]000@& ewY; dk
Rs.50,000/-. iqjkuk QuhZpj [kjhnk x;k]
ftldh ejEer djus ij
(i) The furniture should be capitalized :- 2]00]000@& dh ykxr
at Rs.20,00,000/- vkbZA
(ii) Repairing expenses of
Rs.2,00,000/- should also be Ektnwjksa }kjk QuhZpj yxokus
capitalized with furniture esa etnwjh :- 50]000@&
(iii) Wages of Rs.50,000/- should be [kpZ vk;kA
capitalized with furniture.
(iv) Wages Rs.50,000/- has to be part of (i) QuhZpj :-
P&L a/c 20]00]000@& iwathc)
Out of above, choose correct option: gksuk pkfg,A
(ii) ejEer djus dk O;;
a) Only (i) is true :- 2]00]000@&
b) Both (i) & (ii) are true QuhZpj ds lkFk iwathc)
c) (i), (ii) & (iii) are true Hkh fd, tkus pkfg,A
d) (i), (ii), (iii) & (iv) are true (iii)etnwjh ds :-
50]000@& QuhZpj ds
lkFk iwathc) fd, tkus
pkfg,A
(iv) etnwjh ds :-
50]000@& ykHk@ gkfu
[kkrs dk Hkkx gksuk
pkfg,A

mi;qZDr esa ls lgh dFku

pqfu,%

a) dsoy (i) lgh gaSA

b) (i) o (ii) nksuksa lgh gaSA
c) (i), (ii) o (iii) lgh gaSA
d) (i), (ii), (iii) o (iv) lgh
gSaA

Page 2 of 36
2. ABC Pictures constructs a cinema house ABC fiDplZ us ,d flusek
which became operational on 1st January, ?kj cuk;k] ftldk 1 tuojh]
2023 and incurs the following expenditure 2023 ls izkjaHk gqvk vkSj
during the first year ending 31.03.2023. fnukad 31-03-2023 dks
lekIr izFke o”kZ ds nkSjku
During the first week of Cinema’s running,
fuEufyf[kr O;; gq,%
free tickets (4000 in number, each having
value of Rs.150/-) were distributed. Which
is true? flusek?kj ds lapkyu ds nkSjku
izFke lIrkg esa Ýh fVdV
a) Rs.6,00,000/- as ticket expense will ¼150 :- ykxr ewY; dh
appear in P&L A/c (year 2022-23) 4000 fVdVsa½ ckaVh xbZA
b) It will have no mention either in fuEufyf[kr esa ls D;k lgh
P&L A/c (Year 2022-23) or in gS\
Balance Sheet (on 31.03.2023) a) :- 6]00]000@& dk
c) A part (being for 4000 tickets) of fVdV O;; ¼o”kZ
the expenditure corresponding to 2022&23½ ds ykHk
running of Cinema may be vkSj gkfu [kkrs esa
estimated; and the said part may fn[kk;k tk,xkA
be reasonably apportioned
between P&L A/c (22-23) and b) bldk mYYks[k u rks o”kZ
Balance Sheet (as on 31.03.2023). 2022&23 ds ykHk vkSj
d) None of the above. gkfu [kkrs esa vkSj u gh
rqyu i= ¼fnukad 31-
03-2023½ esa fd;k
tk,xkA
c) flusek esa lapkyu ds
laca/k esa O;; dk ,d
Hkkx ¼4000 fVdVsa gksus
ds dkj.k½ fu/kkZfjr
vuqekfur ykxr ekuk
tk, vkSj mDr Hkkx
ykHk vkSj gkfu [kkrk
¼2022&23½ o rqyu
i= ¼fnukad 31-03-
2023½ ds chp
;Fkksfpr :Ik ls foHkkftr
dj fn;k tk,A
d) mi;qZDr esa ls dksbZ ugha

3. Arrange the following items of balance rqyu i= ds fuEufyf[kr

sheet in the liquidity order. fo”k;ksa dks ifjlekiu Øe esa
1. Cash at bank yxk,A
2. Cash in hand 1- cSad esa /ku
3. Plant & machinery 2- gkFk esa /ku
4. Sundry debtors 3- la;= o e’khujh
5. Goodwill 4- fofo/k nsunkj
5- xqMfoy
Choose the correct option:

Page 3 of 36
 a) 1,2,4,5,3 lgh fodYi pqus%
b) 1,2,3,4,5
c) 2,1,3,4,5 a) 1]2]4]5]3
d) 2,1,4,3,5
b) 1]2]3]4]5
c) 2]1]3]4]5
d) 2]1]4]3]5

4. If the purchase made during the year was ;fn o”kZ ds nkSjku Ø; :-
Rs.60,000, the opening stock and closing 60]000@& Fkk] vkjaHk ‘ks”k o
stock were Rs. 12,000 and Rs. 9,000 var ‘ks”k Øe’k% :-
respectively and the gross profit on sale 12]000@& o :- 9]000@&
was 20%, the amount of gross profit for Fks vkSj foØ; dk ldy ykHk
the year?
20% dk gS] rks o”kZ dk
a) Rs.15,750/-
ldy ykHk fdrus :Ik;s gS\
b) Rs.14,000/- a) :- 15]750@&
c) Rs.12,500/- b) :- 14]000@&
d) Rs.17,250/- c) :- 12]500@&
d) :- 17]250@&

5. Bad debt recovered of Rs. 2,000 which olwys x, :- 2]000@& dk

were previously written off as bad debt v’kks/; _.k] tks fd iwoZ esa
will be credited to_____ v’kks/; _.k ds :Ik esa cês
[kkrs esa Mkyk x;k Fkk] fdl
a) Bad Debt A/c [kkrs esa tek gksxk&
b) Debtor A/c
c) Bad debt recovered A/c
d) Suspense A/c
a) v'kks/; _.k [kkrs esaA
b) nsunkjh [kkrs esaA
c) v’kks/; _.k olwyh [kkrs
esaA
d) fuyacu [kkrs esaA

6. Wages outstanding have not been cdk;k etnwjh dks lek;ksftr

adjusted. While preparing final accounts, ugha fd;k x;k gSA vafre
it should appear in______
a) The balance sheet only
b) The Profit & Loss A/c only
c) Both Profit & Loss A/c & balance
sheet
d) Either Profit & Loss A/c or balance
sheet
ys[kk rS;kj djrs le; ;g
fy[kk tkuk pkfg, -------
a) dsoy rqyu i= esaA
b) dsoy ykHk vkSj gkfu
[kkrs esaA
c) ykHk o gkfu [kkrs esa
,oa rqyu i= esaA
d) ;k rks ykHk o gkfu
[kkrs esa ;k rqyu i=
esaA

Page 4 of 36
7. A company that manufactures cars is
preparing its profit and loss account.
Under which heading will it include
production labour costs?
a) Cost of sales
b) Distribution costs
c) Interest payable and
charges
d) Administrative expenses
,d dkj fuekZrk daiuh viuk
ykHk vkSj gkfu [kkrk rS;kj
dj jgh gSA fdl ‘kh”kZ ds
varxZr blds }kjk mRiknu dh
Je ykxr dks tksM+k tk,xk\
similar
a) fcØh ykxr esaA
b) forj.k ykxr esaA
c) ns; C;kt vkSj leku
ns;rk,aA
d) iz’kklfud O;; esaA

8. During the preparation of final accounts,
the accountant notes that electricity bill for
the last three months of the accounting
year has not been received.
Choose the correct option?
vafre ys[kk rS;kj djrs le;]
ys[kkdkj us ik;k fd foRRkh;
o”kZ ds vafre rhu ekg dk
fo|qr fcy izkIr ugha gqvk gSA
lgh fodYi pquas%

a) Current liability exists, and it must

a) pkyw cdk;k cuk jgsxk
be recognized based on a reliable vkSj bls fo’oluh;
estimate. izkDdyu ds vk/kkj ij
b) No obligation exists. Do not ekU;rk nh tk,xhA
recognize it. b) dksbZ ck/;rk fufgr ugha
c) Only contingent liability of gSA bls ekU;rk u nh
estimated costs should be tk,A
disclosed. c) dsoy vuqekfur ykxr
d) None of the above. dk laHkkfor ns;rk izdV
dh tkuh tk,xhA
d) mi;qZDr esa ls dksbZ ughaA

9. Z has closing stock which costs Jh Z ds ikl ‘ks”k LVkWd gS

Rs.1,50,000. This includes damaged ftldk ewY; :-
items (having cost of Rs.22,000), which 1]50]000@& gSA blesa :-
can be sold for Rs.10,000 after incurring 22]000@& ykxr dk
repairing expenses of Rs.2,000. What is {kfrxzLr lkekUk Hkh ‘kkfey gS]
the correct value of closing stock?
ftls :- 2000@& dk ejEEkr
a) Rs. 1,50,000/-
[kpZ] yxkdj :- 10]000@&
b) Rs. 1,28,000/- esa cspk tk ldrk gSA ‘ks”k
c) Rs. 1,36,000/- LVkd dk lgh ewY; D;k gS\
d) Rs. 1,40,000/-
a) :- 1]50]000@&
b) :- 1]28]000@&
c) :- 1]36]000@&
d) :- 1]40]000@&

Page 5 of 36
10. ABC Pictures constructs a cinema house ABC fiDplZ us ,d flusek
which became operational on 1st January, ?kj cuk;k] ftldk lapkyu
2023 and incurs the following expenditure fnukad 1 tuojh] 2023 ls
during the first year ending 31.03.2023. izkjaHk gqvk vkSj fnukad
31-03-2023 dks lekIr
A sum of Rs.3,50,00,000/- was spent on
izFke o”kZ ds nkSjku
the hall in all; of this, Rs.2,00,00,000/-
was borrowed on 1st April 2022 @ 12%.
fuEufyf[kr O;; gq,%
Half of loan was repayable on 31.03.2023 gkWy ij dqy jkf’k :-
and the remaining on 31.03.2024. 3]50]00]000@& [kpZ dh xbZ
ftlesa ls :-
Which is true? 2]00]00]000@& 12% dh
C;kt nj ij 1 vizSy] 2022
a) Rs.3,50,00,000/- + 18,00,000/ = dks _.k fy, x,A blesa ls
Rs.3,68,00,000/- will appear as hall vk/kk _.k fnukad
cost in Balance Sheet (as on 31-03-2023 rd izfrns; Fkk
31.03.2023) rFkk ckdh fnukad 31-03-
b) Rs.6,00,000/- will appear as 2024 rdA
interest expenses in P&L A/c (year dkSu lk fodYi lgh gS\
2022-23)
c) Both (a) & (b) are correct a) rqyu i= esa ¼fnukad
d) None is correct 31-03-2023 ds
vuqlkj½
:- 3]50]00]000@& +
18]00]000@& =
:- 3]68]00]000@&
gkWy ykxr ds :Ik esa
iznf’kZr gksxkA
b) ykHk vkSj gkfu [kkrk
¼o”kZ 2022&23½ esa :-
6]00]000@& C;kt [kpZ
ds :Ik esa iznf’kZr gksaxsA
c) (a) vkSj (b) nksuksa lgh gSA
d) dksbZ lgh ugha gSA

11. As per section 143(9) of Companies Act daiuh vf/kfu;e] 2013 dh

2013, every auditor is required to– /kkjk 143¼9½ ds vuqlkj
izR;sd ys[kkijh{kd dks -----------
a) Attend general meeting djuk pkfg,A
b) Report fraud
c) Comply with Accounting Standard
a) lkekU; cSBdksa esa
issued by the ICAI
d) Conduct a supplementary audit
mifLFkr jgukA
b) diV dh fjiksVZ djukA
c) Hkkjrh; lunh ys[kkdkj
laLFkku }kjk tkjh fd,
x, ys[kkdj.k ds ekudksa
dk vuqikyu djukA
d) iwjd ys[kkijh{kk djukA
Page 6 of 36
12. The Accounting Standard AS-2 allows ys[kkdj.k ekud , ,l&2
valuation of inventory by – }kjk ekylwph ds ewY;kadu ds
fy,] dkSu lh i)fr Lohd`r
a) First in First out (FIFO) and gS &
Weighted Average Cost Method
b) Last in First out (LIFO) and
a) igys vkvks igys tkvksa
Weighted Average Cost Method
c) LIFO, FIFO and Weighted Average
¼QhQks½ vkSj vf/kHkkfjr
Cost Method vkSlr ykxr fof/kA
d) Only FIFO and LIFO Method b) vafre vkvks] igys
tkvks ¼yhQks½ vkSj
vf/kHkkfjr vkSlr ykxr
fof/ka
c) yhQks] QhQks vkSj
vf/kHkkfjr vkSlr ykxr
fof/k
d) dsoy QhQks rFkk yhQks
fof/kA
13. In accordance with Accounting Standard ys[kkdj.k ekud , ,l&7 ds
AS-7 a foreseeable loss on contract vuqlkj] lafonk esa iwokZuqes;
should be recognized as- gkfu dk irk yxk;k tkuk
pkfg,&
a) Recognized immediately a) rqjar irk yxkuk pkfg,A
b) Recognized at the end of the
contract b) lafonk ds var esa irk
c) Uniformly spread over the yxkuk pkfg,A
remaining part of the contract c) lafonk dh cph gqbZ ‘ks”k
d) Not to be recognized with contract vof/k esa leku :Ik ls
foLrkfjr djuk pkfg,A
d) lafonk ds lkFk ugha
igpkuk tkuk pkfg,A

14. Accounting Standard on leases is yht ls lacaf/kr ys[kkdj.k

applicable on - ekud ykxw gksrs gS&
a) Lease to explore oil a) rsy [kuu ds fy, yht
b) Lease of factory building ijA
c) Lease of land
d) Lease/licensing of motion picture b) QSDVªh@ dkj[kkuk Hkou
dh yht ijA
c) tehu dh yht ijA
d) py fp= dh yht@
vuqKfIr ijA

15. Accounting Standard AS-22 recognizes ys[kkdj.k ekud ,-,l&22

difference in accounting income and ys[kkdj.k vk; vkSj dj;ksX;
taxable income which may arise due to- vk; esa varj dks Lohdkj
djrk gS] tks fuEu ----------- ds
Page 7 of 36
 a) Permanent differences dkj.k gks ldrk gS &
b) Timing differences
c) Both due to Permanent differences a) LFkk;h varjA
and Timing differences
b) lkef;d varjA
d) None of the above
c) LFkk;h varj vkSj
lkef;d varj nksuksa ds
dkj.kA
d) mi;qZDr esa ls dksbZ ughaA

16. The primary objective of accounting ys[kkdj.k ekud dk izkFkfed

standard is to achieve- mÌs’; ----------- izkIr djuk gSA
a) Compliance of Corporate Laws a) fuxe dkuwuksa dk
b) Compliance of Direct Tax Laws vuqikyuA
c) Uniformity in preparation of
financial statements. b) izR;{k dj dkuwuksa dk
d) Compliance of Foreign Account vuqikyuA
Tax Compliance Act. c) foRRkh; fooj.k rS;kj
djus esa ,d:irkA
d) fons’kh [kkrk dj
vuqikyu vf/kfu;e dk
vuqikyuA

17. Timing difference represents difference Lkekf;d varj fuEu -----------

between-
a) Taxable income and accounting
income that do not reverse
subsequently.
b) Taxable income and accounting
income which is capable of
reversal in one or more
subsequent periods.
c) Charging depreciation using
different rates as per Companies
Act 2013 and Income Tax Act
1961.
d) None of the above
ds e/; dk varj Li”V djrk
gS&
a) dj ;ksX; vk; vkSj
ys[kkdj.k vk;] tks ckn
esa okil ugha gksrhA
b) dj ;ksX; vk; vkSj
ys[kkdj.k vk;] tks ckn
dh ,d ;k vf/kd
vof/k;ksa esa okilh ;ksX;
gksrh gSSA
c) daiuh vf/kfu;e] 2013
vkSj vk;dj vf/kfu;e]
1961 ds vuqlkj fHkUUk
nj ls ewY;ãl izHkkfjr
djukA
d) mi;qZDr esa ls dksbZ ughaa

18. Which of the following depicts correct fuEufyf[kr esa ls dkSu lk

valuation of inventory - fodYi eky lwph dk lgh
ewY;kadu n’kkZrk gSA
a) Account for Raw material cost,
Freight Cost, Marketing cost and

Page 8 of 36
 Deprecation on plant& machinery a) dPps eky dh ykxr]
b) Account for Raw material cost, eky <qykbZ ykxr]
Freight Cost, and Deprecation on foi.ku ykxr vkSj la;a=
plant& machinery o e’khujh ij ewY;ãl
c) Account for Raw material cost, dk [kkrkA
Marketing cost and Deprecation on
plant& machinery b) dPPks eky dh ykxr]
d) Account for Raw material cost, eky <qykbZ ykxr] vkSj
Freight Cost and Marketing cost la;a= o e’khujh ij
ewY;ãl dk [kkrkA
c) dPPks eky dh ykxr]
foi.ku ykxr vkSj la;a=
o e’khujh ij ewY;ãl
dk [kkrkA
d) dPps eky dh ykxr]
eky <qykbZ ykxr] vkSj
foi.ku ykxr dk [kkrkA

19. XYZ ltd secured a contract for XYZ us fuekZ.k ds fy, ,d

construction for Rs.75 lakhs. It has lafonk :- 75 yk[k esa izkIRk
incurred cost of Rs.25 lakhs till dhA blus fnukad
31.03.2023 and expects to incur 31-03-2023 rd :- 25
expenditure of Rs.55 lakhs to complete yk[k dh ykxr yxkbZ vkSj
contract. The percentage completion of
lafonk iwjh gksus rd :- 55
this contract and revenue recognition will
respectively be-
yk[k [kpZ gksus dk vuqeku gSA
bl lafonk ds iw.kZ gksus dh
a) 33.33% and Rs 25 lakhs izfr’krrk vkSj izkIr jktLo]
b) 31.25% and Rs 23.43 lakhs Øe’k% ------------ gksaxs&
c) 33.33% and Rs 23.43 lakhs
d) 31.25% and Rs 25 lakhs a) 33-33% vkSj :- 25
yk[kA
b) 31-25% vkSj :- 23-
43 yk[kA
c) 33-33% vkSj :- 23-
43 yk[kA
d) 31-25% vkSj :- 25
yk[kA

20. Revenue recognition in Accounting ys[kkdj.k ekud ,-,l&9 ds

Standard AS-9 does not apply to- vuqlkj jsosU;w fjdkWxuh’ku -----
----------- esa ykxw ugha gksrh gS&
a) Sale of goods a) eky dh fcØh ijA
b) Rendering of services
c) Construction contract
b) lsok iznku djus ijA
d) Dividend c) fuekZ.k lafonk ijA
d) ykHkka’k ijA

Page 9 of 36
21. Dividend are to be recognized when- ykHkka’k dks vfHkKs;rk nh tkuh
pkfg,&
a) At the end of Financial Year
b) The right to receive payment for a) foRrh; o”kZ ds var esaA
dividend is established
c) On actual receipt of dividend
b) ykHkka’k dk Hkqxrku izkIr
d) On date of announcement of djus dk vf/kdkj
dividend by the company LFkkfir gks tkus ijA
c) ykHkka’k dh okLrfod
izkfIr ijA
d) daiuh }kjk ykHkka’k dh
?kks”k.kk dh frfFk ijA

22. A businessman organized an orchestra ,d O;olk;h us ,d vkWjdsLVªk

and received online ticket booking of dk vk;kstu fd;k vkSj :-
Rs.80 lakhs, out of which transaction of 80 yk[k dh vkWuykbu fVdVksa
Rs.5 lakhs failed. He also received cash dh cqfdax izkIr dh ftlesa ls
of Rs.25 lakhs on sale of counter ticket. :- 5 yk[k dk ysunsu foQy
Unfortunately, orchestra did not take gks x;kA mlus dkÅVj fVdVksa
place and cancelled. What is the amount dh fcØh ls :- 25 yk[k dh
of revenue to be recognized -
udnh Hkh izkIr dh A
a) Rs. 105 lakhs
nqHkkZX;o’k] vkWjdsLVªk dk
b) Rs. 100 lakhs vk;kstu ugha gqvk vkSj
c) Rs. 30 lakhs vk;kstu jnn~ gks x;kA jktLo
d) Rs. Nil dh vfHkK; jkf’k D;k gksxh &

a) :- 105 yk[kA
b) :- 100 yk[kA
c) :- 30 yk[kA
d) :- ‘kwU;A

23. In accordance with Accounting Standard ys[kkdj.k ekudksa ds vuqlkj

a foreign currency transaction shall be fons’kh eqnzk ysunsu dks
recorded initially at foreign exchange rate ‘kq:vkr esa fons’kh fofue; nj
as on- ij fjdkWMZ fd;k tk,xk&
a) Last date of financial year
a) foRrh; o”kZ dh vafre
b) Transaction date
c) Last date of the month
frfFk dksA
d) Reporting Date b) varj.k frfFk
c) ekg dh vafre frfFk
d) fjiksVZ djus dh frfFk

24. Which statement is correct- dkSu lk dFku lgh gSa&

a) AS-9 should be applied for a) e’khujh ls izkIr cês
recording of lease rental received

Page 10 of 36
 from machinery fdjk, dks ntZ djus ds
b) AS-9 should be applied for lease of fy, AS-9 ykxw gksuk
exploration of oil as well as for pkfg,A
construction contracts
b) rsy dh [kkst ds iês ds
c) AS-9 should be applied for receipt
of Government Grant
lkFk&lkFk fuekZ.k
d) AS-9 should be applied for receipt lafonkvksa ds fy, AS-9
of interest income. ykxw gksuk pkfg,A
c) ljdkjh vuqnku dh
izkfIr ds fy;s AS-9 ykxw
gksuk pkfg,A
d) C;kt ls vk; dh izkfIr
ds fy;s AS-9 ykxw gksuk
pkfg,A

25. In operating lease the ownership of the Pkkyw iês esa vkfLr dk
asset will be with- LokfeRo fdlds ikl gksxk\
a) Lessor a) Ikêknkrk
b) Lessee
c) As per the lease agreement
b) Ikêsnkj
d) With lessee till the end of lease. c) Ikêk&le>kSrk ds vuqlkj
d) Ikês ds var rd Ikêsnkj
ds ikl

26. As per the Companies Act 2013, the daiuh vf/kfu;e 2013 ds
residual value of assets to be depreciated vuqlkj] laifÙk ds ewY;ál ds
shall not exceed …… of original cost of ckn mldk ‘kh”kZ ewY;] laifÙk
the assets- dh ewy dher ls ----------
vf/kd ugha gksuk pkfg,%
a) 15%
b) 10%
c) 7.5%
a) 15%
d) 5% b) 10%
c) 7.5%
d) 5%

27. Amortization is the systematic allocation dzfed vikdj.k] ------------ dk

of the value of………………. assets over mlds mi;ksxh thou dky ds
its useful life- nkSjku] mldh dher dk
lqO;ofLFkr vkoaVu gS%
a) Tangible Assets
b) Intangible Assets
a) okLrfod vkfLr;ka
c) Assets under lease
d) Contingent Assets b) vokLrfod vkfLr;ka
c) iês ds rgr vkfLr;ka
d) laHkkO; vkfLr;ka

Page 11 of 36
28. What is the useful life in case of building daiuh vf/kfu;e 2013 dh
of temporary structure under schedule II vuqlwph II ds rgr fcfYMax ds
of Companies Act 2013? vLFkkbZ <kaps ds fuekZ.k ds
ekeys esa mldk mi;ksxh
a) 15 Year thoudky D;k gS\
b) 3 Year
c) 10 Year
d) One Year a) 15 o”kZ
b) 03 o”kZ
c) 10 o”kZ
d) 01 o”kZ

29. AS 10 which replaced the previous iwoZ ys[kk ekud AS 10 us

accounting standard 6 dealt with AS 6 dks izfrLFkkfir fd;k gS
depreciation which does not applicable to- vkSj ;g voewY;u ls lacaf/kr
gSA ;g fuEu ij ykxw ugha
a) Biological Assets
b) Wasting Assets
gksrk gS%
c) Intangible Assets
d) All of these a) tSfod vkfLr;ak
b) {k;dkjh vkfLr;ak
c) vewrZ vkfLr;ak
d) mijksDr lHkh

30. In case depreciable assets are acquired ,sls ekeys esa tgak ‘ks;jksa ;k
in exchange for shares or securities, the izfrHkwfr;ksa ds cnys esa
cost of such assets shall be- voewY;uh; vkfLr;ak izkIr dh
xbZ gksa] ,slh vkfLr;ksa dh
a) Net Book Value [NBV] dher ----------------gksxh&
b) Fair Market Value [FMV]
c) Actual cost at which securities
acquired
a) ‘kq) cgh ewY;
d) Any of these at the option of owner b) mfpr cktkj ewY;
c) izfrHkwfr;ksa dh izkfIr ds
okLrfod ewY; ij
d) ekfyd ds fodYikuqlkj
buesa ls dksbZ Hkh

31. A machine was purchased at the o"kZ ds vkjaHk esa

beginning of the year for Rs.530000/-. :- 5]30]000@& dh ,d
The machine was wrongly depreciated by e’khu [kjhnh xbZA =qfVo’k
10% instead of 25%. What will be mldk voewY;u 25% ds
rectification entry?
LFkku ij 10% gks x;kA bl
a) Profit and loss A/c. Dr. 79500 dh ifj’kks/ku izfof”V D;k
To Depreciation A/c. 79500 gksxh\

b) Depreciation A/c. Dr. 79500 a) ykHk ,oa gkfu [kkrk :-

Page 12 of 36
 To P & L A/c. 79500 79500@& vkgj.k
ewY;ál [kkrk
c) Profit and loss A/c. Dr. 26500 79]500@& ukes
To Depreciation A/c. 26500
b) ewY;ál [kkrk :-
d) Depreciation A/c. Dr. 26500 79500@& vkgj.k
To P & L A/c. 26500 ykHk ,oa gkfu
[kkrksa esa 79500@& ukes

c) ykHk ,oa gkfu ys[kk

:- 26500@& vkgj.k
ewY;ál [kkrk
26500@& ukes

d) ewY;ál
[kkrk :-
26500@& vkgj.k
ykHk ,oa gkfu
[kkrksa esa 26500@& ukes
32. The method of depreciation may be fdu ifjfLFkfr;ksa esa voewY;u
changed under which circumstances? dh izfof/k cny ldrh gS\
a) When the new method is as per a) tc ubZ izfof/k lafof/k
the statute ds vuqlkj gksA
b) When it is required to comply with
accounting standard b) tc ys[kk ekud dk
c) Change would result in better ikyu visf{kr gksA
preparation and presentation of c) cnyko ls fofÙk;
financial statements fooj.kksa dh csgrj rS;kjh
d) Under all the above circumstances o izLrqrhdj.k gksxk
d) mijksDr lHkh ifjfLFkfr;ksa
esa
33. Under this method, the annual charge for bl izfof/k ds rgr o”kZ nj
depreciation decreases from year to year, o”kZ esa voewY;u dk o”kZd
so that the burden and benefits of later izHkkj de gksrk tkrk gS rkfd
years are shared by the earlier years. ckn ds o”kksZa dk Hkkj vkSj ykHk
Also, under this method, the value of iwoZ ds o”kksZa ds lkFk lk>k gks
asset can never be completely tk,A lkFk gh bl izfof/k ds
extinguished. The other advance of this rgr vkfLr dk ewY; dHkh Hkh
method is that the total charge to revenue
iw.kZr% lekIr ugha gks ldrk
is uniform when the depreciation is high,
repairs are negligible and as the repairs
gSA bl izfof/k dk vU; ykHk
increase, the burden of depreciation gets ;g gS fd tc voewY;u
lesser and lesser. This method of vf/kd gksrk gS rks jktLo
depreciation is- ,d:Ik gksrk gS] izfriwfrZ
ux.; gksrh gS vkSj tc
a) Straight line method izfriwfrZ c<+rh gS rks voewY;u
b) Reducing Balance method dk Hkkj yxkrkj derj gksrk
c) Machine hour rate method tkrk gSA voewY;u dh ;g

Page 13 of 36
 d) Sinking fund method izfof/k D;k dgykrh gS\

a) lh/kh jSf[kd izfof/k

b) vodkjd ‘ks”k izfof/k
c) e’khu ?kaVk nj izfof/k
d) ál QaM izfof/k

34. Asset were purchased on 01st June 2015 01 twu 2015 dks :-
for Rs.1,00,000/- and books are closed on 1]00]000@& ij vkfLr
the following 31st March. Depreciation [kjhnh xbZ vkSj mlh o”kZ 31
provided is at 10%. Amount charged on ekpZ dks cgh can dj nh xbZA
account of depreciation on 31.03.2016- 10% ij voewY;u ekU; gSA
voewY;u ds dkj.k 31-03-
a) Rs. 10,000/-
b) Rs. 8,333/-
2016 dks cfg;ksa esa izHkkfjr
c) Rs. 7,500/- jkf’k D;k gksxh\
d) Nil
a) :- 10]000@&
b) :- 8-333@&
c) :- 7]500@&
d) ‘kwU;

35. Depreciation – voewY;u &

a) Can be provided only when there is a) dsoy ykHk dh fLFkfr esa
profit gh ekU; gks ldrk gS
b) Need not be provided if the market
value of the asset is more than the
b) ;fn vkfLr dk cktkj
cost ewY;] ykxr ls vf/kd
c) Is to be provided irrespective of the gS] rks bldh vko’;drk
fact whether there are profits or ugh gSA
losses c) ykHk ;k gkfu;ksa ds rF;
d) Provided as per the decision of the ls ijs ;g ekU; gksxkA
management d) izac/ku ds fu.kZ;kuqlkj
gksxkA

36. More dramatic drop in the value of assets ifjfLFkfr;ksa esa NksVs ls cnyko
due to extenuating circumstances and as ls vkfLr ds ewY; esa
a result the market value of asset is much vkdfLed fxjkoV vkuk
lesser than the book value is often called ifj.kkeLo:i vkfLr dk ewY;
as- cgh&ewY; ls Hkh de gks
tkuk] izk;% -------------
a) Depreciation dgykrk gS%
b) Asset impaired
c) Depletion
d) Sinking of asset a) voewY;u
b) vkfLr dh gkfu

Page 14 of 36
 c) fu%’ks”k.k
d) vkfLr;ksa dk ál

37. The following drawbacks are seen in voewY;u dh fdl izfof/k esa
which method of depreciation- fuEukafdr dfe;ka ikbZ tkrh
i) Low depreciation charges are made gS%
in the late years when the
maintenance charges are very high. i) i'pxkeh o”kksZa esa] tc
j[kj[kko ‘kqYd cgqr
ii) The depreciation charge is vf/kd gksrk gS] de
independent of the rate of interest ewY;ál ‘kqYd yxk;k
which it may draw during
tkrk gS
accumulation. Such interest moneys
ii) ewY;ál ‘kqYd] C;kt nj
are to be considered as income.
ls Lora= gS] ftls og
a) Straight Line Method lap;u ds nkSjku vkgfjr
b) WDV Method dj ldrk gSA
c) Both of above
d) None of above
a) ljy jSf[kd iz.kkyh
b) WDV iz.kkyh
c) mi;qZDr nksuksa
d) mi;qZDr esa ls dksbZ ugha

38. An asset is subject to 10% depreciation on ?kVrh ‘ks”k iz.kkyh esa ifjlaifÙk
reducing balance method. If the annual 10% ewY;ál ds fo”k;xr gSA
depreciation for the year 2013−14 amounts ;fn o”kZ 2013&14 ds fy,
to Rs. 4500, the book value of the asset as okf”kZd ewY;ál dh jkf’k :-
on 31.03.14 will be ___________. 4500 gS rks fnukad
31-03-2014 dks ifjlaifÙk
a) Rs. 40,500/-
b) Rs. 45,000/-
dk cgh ewY; gksxkk ---------------
c) Rs. 50,000/-
d) Rs. 40,000/- a) :- 40]500@&
b) :- 45]000@&
c) :- 50]000@&
d) :- 40]000@&

39. Consider the following information and fuEufyf[kr lwpuk ij fopkj

find out depreciation for the 3rd year- djsa vkSj rhljs o”kZ ds
(i) Rate of depreciation under WDV ewY;ál dk irk yxk,a%
method is 20%. (i) WDV iz.kkyh ds rgr
(ii) Original cost of the assets
Rs.20,00,000/-.
ewY;ál dh nj 20%
(iii) Residual value of the asset at the end gSA
of useful life of 5 years Rs.8,19,200/-. (ii) ifjlaifÙk dh ewy ykxr
:- 20]00]000@& gSA
a) Rs. 4,00,000/- (iii)5 o”kksZa ds var esa
b) Rs. 3,20,000/- mi;ksx dh xbZ ifjlaifÙk

Page 15 of 36
 c) Rs. 2,56,000/- dk vof’k”V ewY; :-
d) Rs. 2,04,800/- 8]19]200@& gSA

a) :- 4]00]000@&
b) :- 3]20]000@&
c) :- 2]56]000@&
d) :- 2]04]800@&

40. A car was purchased of Rs. 5,500/-. Its :- 5]500@& dh ,d dkj

residual value was estimated to be Rs. [kjhnh xbZA bldk vuqekfur
500/-, while its monthly depreciation vof’k”V ewY; :- 500@& Fkk]
expenses are Rs. 100/- using straight line tcfd bldk ljy jsf[kd
method. Which of the following is the iz.kkyh ds vk/kkj ij ekfld
annual rate of depreciation? ewY;ál O;; :- 100@& gSA
fuEufyf[kr esa ls okf”kZd
a) 20%
ewY;ál nj dkSu lh gS\
b) 24%
c) 21%
d) 25% a) 20%
b) 24%
c) 21%
d) 25%

41. ABC Retail Ltd is liquidated and a new ABC fjVsy fyfeVsM dk
company ABC New Ltd is formed to take ifjlekiu gqvk] ,oa mlds
over it’s business. This is an example of O;olk; dks vf/kxzg.k djus ds
–
fy, ubZ daiuh ABC U;w
a) Amalgamation
fyfeVsM cukbZ xbZA ;g ,d
b) Absorption mnkgj.k gS%
c) External Reconstruction
d) Take over a) lekesyu
b) vkesyu
c) ckg~; iqufuZek.k
d) vf/kxzg.k

42. When expenses of liquidation is paid by tc vf/kxzg.k ds O;; dk

purchasing company, the purchasing Hkqxrku dz; daiuh }kjk fd;k
company will debit to- tkrk gS] rc dz; daiuh ds
ukes Mkyk tk,xk%
a) Realisation A/c
b) Profit & Loss A/c
a) olwyh [kkrk
c) Old Company A/c
d) Goodwill A/c b) ykHk ,oa gkfu [kkrk
c) iqjkuh daiuh [kkrk
d) xqMfoy [kkrk

Page 16 of 36
43. If the net assets taken over by the ;fn daiuh }kjk vf/kxzg.k ‘kq)
company are less then purchase ifjlaifÙk] dz; izfrQy ls de
consideration, the difference shall be gS] rks bl varj dks fuEu :Ik
treated as- esa ekuk tk,xkA
a) Goodwill
a) xqMfoy
b) Capital reserve
c) Secret reserve b) iwath fjtoZ
d) Liquidation c) xqIr fjtoZ
d) ifjlekiu

44. Which one from the following asset is fuEufyf[kr esa dkSu lh vkfLr
NOT depreciable? ewY; gzkl ;ksX; ugha gS\
(i) Advances (i) vfxze
(ii) Land (ii) Hkwfe
(iii) Machinery (iii) e'khujh
(iv) Motor Car (iv) eksVj dkj
a) (i) only
b) (ii) and (iv) only a) dsoy (i)
c) (i) and (ii) b) dsoy (ii) vkSj (iv)
d) (ii) and (iii) c) (i) vkSj (ii)
d) (ii) vkSj (iii)

45. At the time of amalgamation, purchase Lkekesyu ds le;] dz;

consideration does not include – izfrQy ‘kkfey ugha gS%
a) The sum which the transferee a) og jkf’k tks varfjrh
company will directly pay to the daiuh varjd daiuh ds
creditors of the transferor company
_.knkrkvksa ls lh/ks
b) Payments made in the form of
assets by the transferee company
Hkqxrku djsxhA
to the shareholders of the b) varfjrh daiuh }kjk
transferor company ifjlaifÙk ds :Ik esa
c) Preference shares issued by the varfjrh daiuh ds
transferee company to the ‘ks;j/kkjdksa dks fd;k
preference shareholders of the x;k HkqxrkuA
transferor company c) varfjrh daiuh }kjk
d) None of the above vf/keku ‘ks;jksa dks
varjd daiuh ds
vf/keku ‘ks;j/kkjdksa dks
tkjh fd;kA
d) mi;qZDr esa ls dksbZ ughaA

46. Amalgamation adjustment reserve is Lkekesfyr daiuh dh cgh esa]

opened in the books of the amalgamated lekesyu lek;kstu fjtoZ]
company to incorporate– fdldks lfEefyr djus ds

Page 17 of 36
 fy, [kksyk tkrk gS%&
a) Assets of the amalgamating
company a) lekesyu daiuh dh
b) Non- Statutory reserves of the ifjlaifÙk
amalgamating company b) lekesyu daiuh ds
c) Statutory reserves of the vlkafof/kd fjtoZ
amalgamating company c) lekesyu daiuh ds
d) None of the above
lkafof/kd fjtoZ
d) mi;qZDr esa ls dksb ugha

47. Proportion of expenditure allowed as Lkekesyu ;k folaca) ;k

deduction each year in regard to
expenditure incurred on Amalgamation or
Demerger or Voluntary retirement scheme
– D;k gksxk\
a) 1/5th for each 5 successive
previous year
b) ½ for each 2 successive previous
years
c) 1/10th for each 10 successive
previous years
d) Nil
LoSfPNd lsokfuo`fÙk ;kstuk ds
O;; es ls izR;sd o”kZ] NwV ds
fy, vuqer] O;; dk vuqikr
a) izR;sd vkuqdzfed 5 iwoZ
o”kksZa ds fy, 1@5
b) izR;sd vkuqdzfed 2 iwoZ
o”kksZa ds fy, 1@2
c) izR;sd vkuqdzfed 10
iwoZ o”kksZa ds fy, 1@10
d) ‘kwU;

48. Which of the following is included in fuEufyf[kr esa ls D;k lafpr

accumulated profits-
a) Provision for doubtful debts
b) Superannuation fund
c) Workmen’s compensation fund
d) Pension Fund
ykHk esa ‘kkfey gSa\
a) ‘kadkLin _.k ds fy,
O;oLFkk
b) vf/kokf”kZd fuf/k
c) deZdkj eqvkotk fuf/k
d) isa’ku fuf/k

49. Goodwill arising on amalgamation is to be lekesyu ds le; mn~Hkwr

amortized within a period of – xqMfoy dks fuEu vof/k ds
vanj ifj’kksf/kr fd;k tkuk
a) 5 years visf{kr gS%
b) 5 years unless a longer period is
justified
a) 5 o”kZ
c) 10 years
d) 3 years b) 5 o”kZ] tc rd fd
blls vf/kd dh vof/k
U;k;ksfpr u gksA
c) 10 o”kZ
d) 3 o”kZ

Page 18 of 36
50. In case of amalgamation of co-operative
banks, after fulfilling the prescribed
conditions, accumulated loss and
unabsorbed depreciation can be carried
forward and set-off for–
a) Further 8 years in the hands of
successor co- operative bank.
b) Remaining period out of 8 years in
the hands of amalgamated co-
operative bank.
c) Further 4 years in the hands of
successor co- operative bank.
d) Further 4 years in the hands of
predecessor co- operative bank.
51. Any transfer in a demerger, of a capital
asset, being a share of a foreign
company, referred to in the Explanation 5
to Section 9(1)(i), which derives, directly
or indirectly, its value substantially from
the share or shares of an Indian
company, held by the demerged foreign
company to the resulting foreign
company, shall not be regarded as
transfer as per the provisions of section
47 if-
a) The shareholders, holding not less
than three-fourth in value of the
shares of the demerged foreign
company, continue to remain
shareholders of the resulting
foreign company and such the
resulting foreign company and
such transfer does not attract tax
on capital gains in the country in
which the demerged foreign is
incorporated.
b) The shareholders, holding not less
than 25% in value of the shares of
the demerged foreign company,
continue to remain shareholders of
the resulting foreign company and
such the resulting foreign company
lgdkjh cSad ds lekesyu ds
ekeysa esa] fu/kkZfjr ‘krksZa dks
iwjk djus ds ckn] lafpr gkfu
vkSj vlekesfyr ewY;ál dks
vxzsuhr vkSj cês [kkrk fd;k
tk ldrk gS%
a) mÙkjkf/kdkjh lgdkjh cSad
ds ikl vxys 8 o”kksZa
rd
b) lekefyr lgdkjh cSad
ds ikl 8 o”kksZa esa ls
‘ks”k vof/k rd
c) mÙkjkf/kdkjh lgdkjh cSad
ds ikl vxys 4 o”kksZa
rd
d) iwoZxkeh lgdkjh cSad ds
ikl vxys 04 Ok”kksZa rd
fdlh fufoZy;u esa ,slh iwaWth
vkfLr dk varj.k] tks /kkjk 9
dh mi/kkjk (1) ds [kaM (i) ds
Li”Vhdj.k 5 esa fufnZ”V fdlh
,slh fons’kh daiuh }kjk /kkfjr
fdlh Hkkjrh; daiuh ds ‘ks;j
;k ‘ks;jksa ls vius ewY;
lkjoku~ :Ik ls O;qRiUu djrh
gS] dks /kkjk 47 ds izko/kkuksa
ds v/khu varj.k ugha ekuk
tk,xk] ;fn &
a) fufoZyhu fons’kh daiuh
ds rhu pkSFkkbZ ls vU;wu
ewY; ds ‘ks;j /kkj.k
djus okys ‘ks;j /kkjd
ifj.kkeh fons’kh daiuh ds
‘ks;j /kkjd cus jgrs gS]
vkSj ,sls varj.k ls ml
ns’k esa] ftleas fufoZyhu
fons’kh daiuh fuxfer
gS] iwath vfHkykHkksa ij
dksbZ dj ugha yxrk gSA
b) fufoZyhu fons’kh daiuh
ds 25% ls vU;wu ewY;
ds ‘ks;j /kkj.k djus
okys ‘ks;j /kkjd
Page 19 of 36
 and such transfer does not attract
tax on capital gains in the country
in which the demerged foreign is
incorporated.
c) The shareholders, holding not less
than 25% in value of the shares of
the demerged foreign company,
continue to remain shareholders of
the resulting foreign company and
such the resulting foreign company
and such transfer attract tax on
capital gains in the country in
which the demerged foreign is
incorporated.
d) The shareholders, holding not less
than 75% in value of the shares of
the demerged foreign company,
continue to remain shareholders of
the resulting foreign company and
such the resulting foreign company
and such transfer attract tax on
capital gains in the country in
which the demerged foreign is
incorporated.
52. In case of amalgamation u/s 72A, after
fulfilling prescribed conditions
accumulated loss can be carried forward
for-
a) Further 8 years in the hands of
amalgamating company
b) Further 8 years in the hands of
amalgamated company
c) Further company 4 years in the
hands of amalgamating company
d) Further 4 years in the hands of
amalgamated company
53. Which of the following is not a nks
requirement for the amalgamation of two
ifj.kkeh fons’kh daiuh ds
‘ks;j /kkjd cus jgrs gS]
vkSj ,sls varj.k ls ml
ns’k esa] ftleas fufoZyhu
fons’kh daiuh fuxfer
gS] iwath vfHkykHkksa ij
dksbZ dj ugha yxrk gSA
c) fufoZyhu fons’kh daiuh
ds 25% ls vU;wu ewY;
ds ‘ks;j /kkj.k djus
okys ‘ks;j /kkjd
ifj.kkeh fons’kh daiuh ds
‘ks;j /kkjd cus jgrs gS]
vkSj ,sls varj.k ls ml
ns’k esa] ftleas fufoZyhu
fons’kh daiuh fuxfer
gS] iwath vfHkykHkksa ij
dj yxrk gSA
d) fufoZyhu fons’kh daiuh
ds 75% ls vU;wu ewY;
ds ‘ks;j /kkj.k djus
okys ‘ks;j /kkjd
ifj.kkeh fons’kh daiuh ds
‘ks;j /kkjd cus jgrs gS]
vkSj ,sls varj.k ls ml
ns’k esa] ftleas fufoZyhu
fons’kh daiuh fuxfer
gS] iwath vfHkykHkksa ij
dj yxrk gSA
/kkjk 72A ds varxZr lekesyu
ds ekeys esa] fu/kkZfjr ‘krksZa
dks iwjk djus ij lafpr gkfu
dks ---------- rd vxsuhr fd;k
tk ldrk gS&
a) lekesyh daiuh }kjk
vxys 8 o”kksZa rdA
b) lekesfyr daiuh }kjk
vxys 8 o”kksZa rdA
c) lekesyh daiuh }kjk
vxys 4 o”kksZa rdA
d) lekesfyr daiuh }kjk
vxys 4 o”kksZa rdA
daifu;ksa ds lekesyu ds
Page 20 of 36
 companies? fy, fuEufyf[kr esa ls D;k
vko’;d ugha gS\
a) All the assets are transferred from
amalgamating company to a) lHkh vkfLr;kWa lekesyd
amalgamated company. daiuh ls lekesfyr
b) More than 50% of the directors of
daiuh esa varfjr dh
the amalgamating company
become directors of the
tkrh gSaA
amalgamated company b) lekesyd daiuh ds
c) All liabilities including contingent 50% ls vf/kd funs’kd
liabilities are transferred from lekesfyr daiuh ds
amalgamating company to funs’kd cu tk,aA
amalgamated company c) vkdfLed ns;rkvksa
d) Shareholders holding not less than lfgr lHkh ns;rkvksa dk
75% in value of shares of the lekesyd daiuh ls
amalgamating company become
lekesfyr daiuh esa
shareholders of the amalgamated
company
varj.k dj fn;k tk,A
d) os ‘ks;j/kkjd ftuds ikl
lekesyd daiuh ds
‘ks;jksa ds ewY; dk de
ls de 75% fgLLkk gks]
os ‘ks;j/kkjd lekesfyr
daiuh ds funs’kd cu
tk,axsA
54. The accumulated loss shall not be set off ;fn lekesfyr daiuh dqN
or carried forward and the unabsorbed ‘krksaZ dks iw.kZ ugha djrh rks
depreciation shall not be allowed in the mls mlds fu/kkZj.k esa lafpr
assessment of the amalgamated gkfu dks cês [kkrs Mkyus ;k
company unless the amalgamated vxzsuhr djus vkSj
company fulfils, which of the following vlek;ksftr ewY;ãl dh
conditions- vuqefr ugha gksxhA
a) holds continuously for a minimum
fuEufyf[kr esa ls os ‘krsZa dkSu
period of 5 years from the date of
amalgamation at least 3/4th of the
lh gS %&
book value of fixed assets of the
amalgamating company acquired a) lekesyu ;kstuk esa
in a scheme of amalgamation; vftZr lekesyd daiuh
b) continues the business of the dh fLFkj vkfLr;ksa ds
amalgamating company for a cgh ewY; dk de ls
minimum period of 5 years from de 3@4 Hkkx dks
the date of amalgamation; lekesyu frfFk ls
c) fulfils such other conditions as may U;wure 05 o”kksZa dh
be prescribed to ensure the revival fujarj vof/k rd /kkj.k
of the business of the fd;k gksA
amalgamating company or to
ensure that the amalgamation is for
b) lekesyd daiuh ds
genuine business purpose. O;kikj dks] lekesyu
d) All of these dh frfFk ls U;wure 05

Page 21 of 36
 o”kksZa dh vof/k rd]
tkjh j[kk gksA
c) lekesyd daiuh ds
O;kikj dk fjokboy
lqfuf’pr djus gsrq]
fu/kkZfjr ,slh vU; ‘krksZa
dks iw.kZ djrh gks ;k ;g
lqfuf’pr fd;k x;k gks
fd lekesyu okLrfod
O;kikfjd iz;kstu ds
fy, gSA
d) mi;qZDr lHkhA
55. Any transfer, in a scheme of Lkekesyu ;kstuk ds varxZr]
amalgamation, of a capital asset being a lekesyd fons’kh daiuh }kjk
share or shares held in an Indian lekesfyr fons’kh daiuh esa
company, by the amalgamating foreign ,d Hkkjrh; daiuh esa /kkfjr
company to the amalgamated foreign ‘ks;j ;k ‘ks;jksa ds :Ik esa
company, if at least of the shareholders of iwWathxr vkfLr ds fdlh
the amalgamating foreign company varj.k dks varj.k ugha le>k
continue to remain shareholders of the
tk,xk] ;fn lekesyd fons’kh
amalgamated foreign company, and such
transfer does not attract tax on capital
daiuh ds de ls de ------------
gains in the country, in which the ‘ks;j/kkjd lekesfyr fons’kh
amalgamating company is incorporated, daiuh esa ‘ks;j/kkjd cus jgrs
shall not be regarded as transfer- gSa] vkSj bl izdkj ds varj.k
ij ml ns’k esa iwWathxr ykHk
ij dj ns;rk ugha curh] ftl
a) 25% ns’k esa lekesyd daiuh
b) 50% fuxfer dh xbZ gSSA
c) 75%
d) 100%
a) 25%
b) 50%
c) 75%
d) 100%
56. Dabur Ltd. forfeited 400 shares of Rs.10 Mkcj fyfefVM us 10 :Ik;s ds
each (fully called up) on which the holder izR;sd ‘ks;j ds ¼Qqyh dkWYM
has paid only application money at Rs.4 vi½ 400 ‘ks;jksa dks tCr
per share. Out of these 400 shares, 250 fd;k] ftu ‘ks;jksa ds fy,
shares were re-issued at Rs.12 per share /kkjd us izR;sd ‘ks;j ds
fully paid up. Capital reserve will be vkosnu /ku Lo:Ik :- 4 dk
credited by- Hkqxrku fd;k gqvk FkkA mDr
400 ‘ks;jksa esa ls] izR;sd
a) Rs.3,000/-
b) Rs.1,600/-
‘ks;j :- 12 ds fglkc ls]
c) Rs.4,800/- iw.kZr leknRRk va’k] 250
d) Rs.1,000/- ‘ks;jksa dks iqu% tkjh fd;k
x;k FkkA iwWath vkjf{kfr esa
Page 22 of 36
 fdruh jkf’k Mkyh tk,xh%&

a) :- 3]000@&
b) :- 1]600@&
c) :- 4]800@&
d) :- 1]000@&
57. Carriage outward is an example of- tkod ogu O;; ,d mnkgj.k
gS &
a) Direct Expenses
b) Indirect Expenses a) izR;{k O;;A
c) Indirect Income
d) Direct Income
b) vizR;{k O;;A
c) vizR;{k vk;A
d) izR;{k vk;A
58. As per AS-11, the process of converting AS-11 ds vuqlkj fons’kh
foreign-subsidiary financial statements lequq”kaxh foRRkh; fooj.k dks
into the home currency is known as- ?kjsyw eqnkz esa laifjofrZr djus
dh izfØ;k dks ------------ ds :Ik
a) Consolidation esa tkuk tkrk gS%&
b) Translation
c) Transmission
d) Reconstruction a) lesduA
b) vuqcknA
c) izs”k.kA
d) iqufuekZ.k
59. A company forfeited 2,000 shares of ,d daiuh us Jh tkWu dks
Rs.10 each (which were issued at par) vkcafVr fd;s x, 2000
allotted to Mr. John for non-payment of ‘ks;jksa dks ¼ftUgsa leewY; ij
allotment money of Rs.4 per share. The tkjh fd;k x;k Fkk½ izR;sd
amount paid on application was Rs. 5 per ‘ks;j :- 4 dh vkcaVu jkf’k
share. The company reissued the share dk Hkqxrku ugha djus ij :-
at Rs. 10 per share. On forfeiture, the 10 izR;sd ‘ks;j ds fglkc ls
amount credited to capital reserve will be-
tCr fd;kA vkosnu ds le;
a) Rs.10,000
5 :- izfr ‘ks;j dk Hkqxrku
b) Rs.8,000 fd;k x;k FkkA daiuh us 10
c) Rs.20,000 :- izfr ‘ks;j ds fglkc ls
d) None of above ‘ks;jksa dks iqu% tkjh fd;kA
tCrh ij iwWath vkjf{krh esa
ØsfMV gksus okyh jkf’k fdruh
gksxh%&
a) :- 10]000@&
b) :- 8]000@&
c) :- 20]000@&
d) mi;qZDr esa ls dksbZ ughaA

Page 23 of 36
60. In a partnership firm, Ram's Capital is ,d Lkk>snkjh QeZ esa Jh jke
80,000, Sita's Capital is 75,000 and dh iwaWth :- 80]000@&] Jh
Mohan's Capital is 50,000. They share lhrk th dh iwWath :-
income in 3:2:1 ratio respectively. Mohan 75]000@& vkSj eksgu dh
is retiring from the partnership. Mohan is iwWath :- 50]000@& gSA os
paid 60,000 and no goodwill is recorded. Øe’k% 3%2%1 ds vuqikr esa
What will be the Ram's Capital balance vk; lk>k djrs gSA eksgu
after the retirement of Mohan?
lk>snkjh ls vyx gks jgk gSA
a) 74,000/-
eksgu dks :- 60]000@& fn,
b) 70,000/- x, vkSj dksbZ xqMfoy ntZ ugha
c) 75,000/- dh xbZA eksgu dh lsokfuo`fÙk
d) 86,000/- ds ckn jke dh iwWath ‘ks”k
fdruh jg tk,xh\

a) 74]000
b) 70]000
c) 75]000
d) 86]000

61. Adjustments of outstanding expense, cdk;k [kpkZ] izksn~Hkwr vk;]

accrued income, unexpired income etc. is ‘ks”k vk; vkfn dk lek;kstu
done to ensure compliance with- fuEu ds lkFk vuqo`fRr
lqfuf’pr djus ds fy, fd;k
a) Realization Concept tkrk gS%&
b) Cost Concept
c) Revenue match concept
d) None of the Above
a) olwyh ladYiukA
b) O;; ladYiukA
c) jktLo feyku ladYiukA
d) mi;qZDr esa ls dksbZ ughaaA

62. Which one of the following statement is fuEu fooj.k esa ls dkSu lk
correct? lgh gS%&
a) Capital of the firm is reduced by a) QeZ dh iwWath m/kkj ysus
borrowing ls ?kV tkrh gSA
b) Partners’ account should be
credited for increase in market b) gj o”kZ ds var esa
value of assets at each year-end lEifÙk dk cktkj ewY;
c) When there is no change in c<+kus ds fy, Hkkxhnkj
proprietor’s capital, it is an dk [kkrk ØsfMV gksuk
indication of loss in business pkfg,A
d) Partners’ capital account has c) tc ekfyd dh iWawth esa
increased without fresh dksbZ cnyko u gks] rks
introduction of capital represent ;g dkjksckj esa gkfu dk
profit ladsr gSA
d) fcuk fdlh u, iwath

Page 24 of 36
 fuos’k ds] Hkkxhnkj ds
iwath ys[kk es o`f) ykHk
n’kkZrh gSA

63. Fire Insurance premium paid on 1st o”kZ 30 flrEcj] 2012 dh

October, 2011 for the year ended on 30th lekfIr ds fy, 01 vDVwcj]
September, 2012 was 2,400 and Fire 2011 dks :- 2]400@& dk
Insurance Premium paid on 1st October, vfXu chek izhfe;e dk
2012 for the year ending on 30th Hkqxrku fd;k x;k ,oa o”kZ
September, 2013 was 3,200. Fire 30 flrEcj] 2013 dh
Insurance Premium paid as shown in the lekfIr ds fy, 01 vDVwcj]
profit and loss account for the accounting
2012 dks :- 3]200@& dk
year ended 31st December, 2012 would
be-
vfXu chek izhfe;e dk
Hkqxrku fd;k x;kA ys[kk o”kZ
a) 2,400/- 31 fnlEcj] 2012 dh
b) 2,600/- lekfIr ds fy,] tSlk fd
c) 2,800/- ykHk vkSj gkfu [kkrs esa n’kkZ;k
d) 3,000/- x;k gS] vfXu chek izhfe;e
dk Hkqxrku D;k gksxk%&

a) 2]400@&
b) 2]600@&
c) 2]800@&
d) 3]000@&

64. A bad debt recovered during the year is a- Ok”kZ ds nkSjku olwy fd;k
v’kks/; _.k%&
a) Capital expenditure
b) Revenue expenditure a) iwWath O;;A
c) Capital receipt
d) Revenue receipt
b) jktLo O;;A
c) iWawth izkfIrA
d) jktLo izkfIrA

65. Issue of equity shares to the existing orZeku bDfoVh ‘ks;j/kkjdksa dks
equity shareholders at free of cost is eq¶r esa bdfoVh ‘ks;lZ tkjh
known as – djus dks D;k dgk tkrk gS%&
a) Bonus issue a) cksul tkjh djukA
b) Fresh issue
c) Right issue b) u, ‘ks;j tkjh djukA
d) None of these c) vf/kdkj tkjh djukA
d) buesa ls dksbZ ughA

66. When shares are forfeited, share capital tc ‘ks;j tCr dj fy, x,]
account is debited by- ‘ks;j iwathxr ys[kk dks ------
ds ukes fd;k tkrk gS&

Page 25 of 36
 a) Paid up capital
b) Called up capital a) Hkqxrku dh xbZ iwathA
c) Nominal Value b) ekaxh xbZ iwathA
d) None of these
c) vafdr ewY;A
d) mi;qZDr esa ls dksbZ ughaA

67. X and Y are equal partner of a firm and X ,oa Y QeZ esa cjkcj ds
there capital were Rs.10,000 and Hkkxhnkj gSa vkSj Øe’k% mudh
Rs.20,000 respectively. Z was admitted iWawth :- 10]000@& ,oa
as a new partner for ¼th share of profit of
:- 20]000@& FkhA Z dks QeZ
the firm and Z brings Rs.12,000 as
capital. Therefore, total capital of the firm
ds ykHk ds 1@4 Hkkx ds fy,
on the basis of Z’s capital will be – u, Hkkxhnkj ds :Ik esa tksM+k
x;k vkSj Z iwWath ds :Ik esa
a) Rs. 42,000/- :- 12]000@& :Ik;s yk;kA
b) Rs. 19,500/- vr% Z dh iWawth ds vk/kkj ij
c) Rs. 48,000/- QeZ dh dqy iWawth ----------
d) Rs. 37,500/- gksxhA

a) :- 42]000@&
b) :- 19]500@&
c) :- 48]000@&
d) :- 37]500@&

68. X Ltd. purchased goods at the cost of X fyfefVM us vDVwcj] 2018

Rs.40 lakhs in October, 2018. Till March, esa 40 yk[k :Ik;ksa dh dher
2019, 75% of the stocks were sold. The dk eky [kjhnkA ekpZ 2019
company wants to disclose closing stock
rd LVkWd dk 75% fcd
at Rs.10 lakhs. The expected sale value
is Rs.11 lakhs and a commission at 10%
x;kA daiuh 10 yk[k :Ik;s
on sale is payable to the agent. What is dk Dyksft+x LVkWd n’kkZuk
the correct closing stock to be disclosed pkgrh gSA vuqekfur fcØh
as at 31.3.2019 as per AS-2 – ewY; 11 yk[k :Ik;s gS ,oa
fcØh ij 10% deh’ku
,tsaV dks ns; gSA AS-2 ds
a) 10 Lakhs vuqlkj fnukad 31-03-2019
b) 9.9 Lakhs dks dkSu lk lgh Dyksft+x
c) 11 lakhs LVkWd n’kkZ;k tk,xk\
d) 12 lakhs
a) 10 yk[k
b) 9-9 yk[k
c) 11 yk[k
d) 12 yk[k

69. As per AS- 2, Valuation of Inventories, AS-2 ds vuqlkj] Dyksft+x

Closing stock should be valued at – LVkWd o oLrq lwfp;ksa dk

Page 26 of 36
 a) Cost Price
b) Market Price
c) Cost Price or Market Price
whichever is lower
d) Depends upon the Management
Decision.
ewY;kadu fuEu esa ls fdl ij
ewY;kafdr gksuk pkfg,A
a) Ykkxr ewY;A
b) Cktkj ewY;A
c) Ykkxr ewY; ;k cktkj
ewY;] tks Hkh de gksA
d) izca/ku ds fu.kZ; ij
fuHkZj gSA

70. Purchase of office furniture for :- 20]000@& ds QuhZpj dh

Rs.20,000/- has been debited to purchase [kjhn] Ø; [kkrs ls ?kVkbZ xbZA
account. It is – ;g gS ----
a) An Error of Omission a) Hkwyo’k =qfVA
b) An Error of Commission
c) Compensating Error b) tkucw>dj dh xbZ =qqfVA
d) An Error of Principle c) {kfriwjd =qfVA
d) lS)kafrd =qfVA

71. A and B are partners sharing profit and A vkSj B Hkkxhnkj gaS tks 4%1
losses in the ratio 4:1. C was manager ds vuqikr esa ykHk vkSj gkfu
who received the salary of 2,000 p.m. in ckWaV jgs gSaA C eSustj Fks tks
addition to a commission of 5% on net
,sls deh’ku pktZ djus ds
profits after charging such commission.
Profit for the year is 3,39,000 before ckn ‘kq) ykHk ij] 5% dk
charging salary. Find the total deh’ku ysus ds lkFk&lkFk
remuneration of C- izfr ekg 2]000@& dk osru
izkIr djrs FksA osru ysus ls
a) Rs. 39,000/- igys] o”kZ dk ykHk
b) Rs. 44,000/- :- 3]39]000@& FkkA C dk
c) Rs. 43,500/- dqy ikfjrks”k &
d) Rs. 38,000/-
a) :- 39]000@&
b) :- 44]000@&
c) :- 43]500@&
d) :- 38]000@&

72. In the books of CCW Ltd, the machinery CCW fyfefVM dh cgh esa
account shows a debit balance of Rs. e’khujh ys[kk esa 1 vizSy]
2,50,000 as on April 1, 2019 and 2019 dks :- 2]50]000@&
Provision for Depreciation A/c at Rs. dk MsfcV cSysal vkSj
50,000. Half of the machinery was sold on :- 50]000@& dk voewY;u
September 30, 2019, for Rs. 30,000. The
dk izko/kku fn[krk gSA 30
company charges depreciation @ 20%
p.a. on diminishing balance method.
flrEcj] 2019 dks
Calculate the profit or loss on the sale of :- 30]000@& ij vk/kh
machinery – e’khujh csp nh xbZA daiuh]

Page 27 of 36
 {kh.k cdk;k izfof/k ij 20%
a) Rs. 50,000/- izfro”kZ dks nj ls voewY;u
b) Rs. 60,000/- izHkkfor djrh gSA e’khujh dh
c) Rs. 47,000/- fcØh ij gq, ykHk ;k gkfu
d) Rs. 55,000/- dh x.kuk djssaA

a) :- 50]000@&
b) :- 60]000@&
c) :- 47]000@&
d) :- 55]000@&

73. In Departmental accounts, if one foHkkxh; ys[kk ds rgr ;fn

department supplies goods to another ,d foHkkx nwljs foHkkx dks
department at the selling price- fcØh dh dher ij eky dh
vkiwfrZ djrk gS rks &
a) A reserve may be created at the
option of both the departments.
a) nksuksa foHkkxksa }kjk ,slk
b) A reserve is not required to be
created in respect of stock of such
fodYi pquus ij fjtoZ
goods. rS;kj fd;k tk ldrk
c) A reserve will have to be created in gSA
respect of stock of such goods at b) ,sls eky ds LVkWd ds
the date of closing. laca/k esa fjtoZ rS;kj
d) None of the above. djus dh t:jr ugha gSA
c) ,sls eky ds LVkWd ds
laca/k esa] vafre frfFk
ij] fjtoZ rS;kj djuk
gh gksxkA
d) mijksDr esa ls dksbZ ughaA

74. When goods are transferred from one tc eky ,d foHkkx ls nwljs
department to other department, they are foHkkx esa LFkkukarfjr fd;k
called- tkrk gS] rks mls D;k dgk
tkrk gS%
a) Not a transfer a) LFkkukarj.k ugha gSa
b) Outer-departmental transfers
c) Inter-departmental transfers b) Ckká foHkkx LFkkukarj.k
d) Regular transfer c) var% foHkkx LFkkukarj.k
d) fu;fer LFkkukarj.k

75. A Branch which keeps all accounting og ‘kk[kk tks lHkh ys[kkxr
transactions is called- laiknu dk fglkc j[krh gS]
mls D;k dgk tkrk gS%
a) A Foreign branch
b) A Local branch a) fons’kh ‘kk[kk
c) An Independent branch
d) A Dependent branch b) LFkkuh; ‘kk[kk
c) Lok;r ‘kkk[kk

Page 28 of 36
 d) fuHkZj ‘kk[kk

76. Which one of the following is NOT true fuHkZj ‘kk[kk ds laca/k esa fuEu
about a dependent branch –
a) Dependent branches sell only
those goods which are received
from the head office.
b) Petty expenses are paid by the
branch and petty cash account is
prepared at the branch either as
simple petty cash or on imprest
system
c) They maintain their own books of
account
d) All expenses of the branch are paid
by the head office
esa ls dkSu lk lgh ugha gSa%
a) fuHkZj ‘kk[kk dsoy mlh
eky dk fodz; dj
ldrh gS mls tks eq[;
dk;kZy; ls izkIr gksrk
gSA
b) NksVs eksVs [kpksZa dk
Hkqxrku ‘kk[kk }kjk fd;k
tkrk gS vkSj ‘kk[kk esa
lkekU; jksdM+ Lo:Ik ;k
vxznk; ra= ds rgr
ux.; jksdM+ [kkrk Hkh
j[kk tkrk gSA
c) og Lo;a dh ys[kk cgh
dk j[k&j[kko djrs gSaA
d) ‘kk[kk dks lHkh [kpksZa dk
Hkqxrku eq[; dk;kZy;
}kjk fd;k tkrk gSA

77. Expenses which cannot be reasonably og [kpsZ ftUgsa fdlh fof’k”V

allotted to any particular department are foHkkx dks ;/kksfpr :i ls
taken in- vkacfVr ugha fd;k tk ldrk]
mUgsa ------------------ esa j[kk tkrk
a) Balance sheet gS
b) General profit and Loss account
a) rqyu i=
c) Debtor’s account
d) Creditor’s book b) lkekU; ykHk o gkfu
[kkrk
c) nsunkj [kkrk
d) _.knkrk cgh

78. If the Invoice price of closing stock is Rs. vxj can LVkWd dh fcy jkf’k
3,60,000/-, what amount should be :- 3]60]000@& gS] rks LVkWd
transferred to Stock Reserve, given fjtoZ esa fdruh jkf’k
Loading is 20% of Invoice price- LFkkukarfjr dh tk,xh] ;fn
fcy jkf’k ij 20% dh yksfMax
a) Rs. 60,000/-
nh xbZ gks%
b) Rs. 1,20,000/-
c) Rs. 40,000/-
d) Rs. 10,000/- a) :- 60]000@&
b) :- 1]20]000@&
c) :- 40]000@&
d) :- 10]000@&
Page 29 of 36
79. In departmental accounts expenses like foHkkxh; [kkrs esa [kpsZa tSls%&
director fees, interest is transferred to funs’kd Qhl] C;kt vkfn dks
______. ----------------- esa LFkkukarfjr
fd;k tkrk gS&
a) Balance sheet
b) Trading account
a) rqyu i=
c) General Profit & Loss account
d) Profit & Loss Appropriation account b) O;kikj [kkrk
c) lkekU; ykHk o gkfu
[kkrk
d) ykHk o gkfu fofu;ksx
[kkrk

80. If the business policies and the ;fn fdlh ‘kk[kk dh O;kikj
administration of a branch are wholly uhfr;ak] o iz’kklu] laiw.kZ :i
controlled by the head office the type of ls eq[; dk;kZy; }kjk
branch is a ____ fu;af=r fd;k tkrk gks] rks
og ‘kk[kk fdl izdkj dh
a) Independent branch ‘kk[kk gS%
b) Dependent branch
c) Local branch
d) Foreign branch a) Lok;r ‘kk[kk
b) fuHkZj ‘kk[kk
c) LFkkuh; ‘kk[kk
d) fons'kh ‘kk[kk

81. The method of Branch Accounting varies ‘kk[kk ys[kk dh fof/k] ‘kk[kk
with the nature and the status of branch- dh izd`fr vkSj fLFkfr ij
fuHkZj djrh gS%
a) True
b) False a) lR;
c) Neither true nor false
d) None of the above b) vlR;
c) u lR; u vlR;
d) miZ;qDr esa ls dksbZ ugha

82. The closing balance of book debts m/kkj [kkrk cgh ds Dyksflax
account is ascertained by preparing cSysal dh iqf”V ---------------- ls
branch ………… Account. dh tkrh gS%
a) Stock a) LVkWd
b) Trading
c) Debtors b) VªsfMax
d) Adjustment c) _.kh
d) lek;kstu

83. Under stock and debtors system of ‘kk[kk ys[kk dh LVkWd vkSj

Page 30 of 36
 branch account, branch adjustment _.kh iz.kkyh ds rgr] ‘kk[kk
account is opened when goods sent to lek;kstu [kkrk rc [kksyk
branch is at ________. tkrk gS] fd tc ‘kk[kk dks ----
----------- ewY; ij eky izsf”kr
a) Cost price fd;k tkrk gS%
b) Invoice price
c) Market price
d) Normal price
a) ykxr ewY;
b) fcy ewY;
c) cktkj ewY;
d) lkekU; ewY;

84. In Branch Accounting, the balance on ‘kk[kk ys[kk esa] vof/k ds var
stock reserved Account at the end of the esa LVkWd fjtoZ [kkrs dk
period is shown in the balance sheet by cdk;k] rqyu i= esa --------------
the way of deduction from ---- ls dVkSrh ds :i esa
n’kkZ;k tkrk gS%
a) Opening stock
a) izkjafHkd LVkWd
b) Reserved stock
c) Closing stock b) vkjf{kr LVkWd
d) Profit or loss c) Dyksflax LVkWd
d) ykHk ;k gkfu

85. Under branch accounts debtors system, ‘kk[kk ys[kk _.kh iz.kkyh ds
the depreciation of an asset is _______ rgr] vkfLRk dk vo{k;.k es
n’kkZ;k tkrk gSa%
a) Shown in debtors account. a) _.kh [kkrs esa n’kkZ;k
b) Shown in debit side of branch tkrk gSA
account.
c) Not shown in branch account. b) ‘kk[kk [kkrk dh MsfcV
d) Shown in credit side of branch lkbZM esa n’kkZ;k tkrk
account. gSA
c) ‘kk[kk [kkrk esa ugha
n’kkZ;k tkrk gSA
d) ‘kk[kk [kkrk dh dzsfMr
lkbZM esa n’kkZ;k tkrk
gSA

86. A branch set up merely for booking orders og ‘kk[kk ftls dsoy vkMZj
which are executed by head office is a cqd djus ds fy, [kksyk x;k
____ gS] vkSj ftudk fu”iknu eq[;
dk;kZy; }kjk fd;k tkrk gS;
a) Dependent branch. mls ------------- ‘kk[kk dgk tkrk
b) Independent branch. gS%
c) Foreign branch.
d) Local branch.
a) fuHkZj ‘kk[kk
b) Lok;r ‘kk[kk
c) fons'kh ‘kk[kk

Page 31 of 36
 d) LFkkuh; ‘kk[kk

87. Consignee becomes a debtor of the Ikjsf”krh] ijs”kd dk _.kh cu

consignor when- tkrk gS fd tc-------------
a) The goods are dispatched a) eky izsf”kr dj fn;s
b) The good are received cu tkus ij
c) The goods are sold
d) The goods are destroyed b) eky izkIr gksus ij
c) eky ds fcd tkus ij
d) eky u”V gks tkus ij

88. Joint venture Account is an example of lg m|e [kkrk mnkgj.k gS%

a) Personal account a) O;fDrxr [kkrkA
b) Nominal Account
b) vfHkfgr [kkrkA
c) Real Account
d) None of the Above c) okLrfod [kkrkA
d) mi;qZDr esa ls dksbZ ughaA

89. The concept which is not followed in case lg m|e [kkrs ds ekeys esa
of joint venture account – fdl ladYiuk dk vuqlj.k
ugha fd;k tkrk gS\
a) Entity concept
b) Cost concept a) laLFkk dh ladYiukA
c) Going concern concept
d) Periodicity concept b) ykxr dh ladYiukA
c) xksbax dUluZ dh
ladYiukA
d) vkofrZrk dh ldaYiukA

90. The relationship between the consignor Ikjs”kd vkSj ijsf”krh ds chp
and consignee is that of- ijLij D;k laca/k gS%&
a) Principal and agent a) iz/kku rFkk ,ts.VA
b) Bailor and bailee
c) Pledgor and pledgee.
b) mifu/kkrk rFkk
d) Employer and employee. mifufgrkA
c) fxjohdrkZ rFkk
fxjohnkjA
d) fu;ksDrk rFkk deZpkjhA

91. In case of Del Credere Commission, the izR;k;d deh’ku ds ekeys

liability for bad debts is on esa] v’kks/; _.k dh ns;rk -----
ij gksxhA
a) Consignee
b) Consignor a) ijsf”kfr
c) customer
d) None of the above b) ijs”kd

Page 32 of 36
 c) xzkgd
d) mi;qZDr esa ls dksbZ ughA

92. A and B agreed to enter a joint venture to A rFkk B us tkiku ls

import cycles from Japan. A contributed lkbZfdy vk;kr djus ds ,d
Rs.20,000/- and B Rs.10,000/-. They lgm|e vkajHk djus ds fy,
agreed to share profit and losses equally.
lger gq, A esa us
They remitted to the manufacturer in
Japan Rs.25,000/- for the goods imported :- 20]000@& dk rFkk B us
and spent a further sum of Rs.3800/- for :- 10]000@& dk ;ksxnku
other expenses. They sold a part of the fn;kA os ykHk o gkfu dks
stock at Rs.29,100/- and after closing the cjkcj ckaVus ij lger gq,A
joint venture B agreed to take over the mUgksaus vk;kr dh xbZ oLrqvksa
balance stock for Rs.1200/-. What is the ds fy, tkiku esa
profit of A from the Joint venture? fofuekZ.kdrkZ dks :-
25]000@& Hksts rFkk blds
a) Rs 750/- vykok :- 3800@& vU;
b) Rs 1,000/- enksa ij [kpZ fd;kA mUgksaus
c) Rs 500/- LVkWd dk ,d Hkkx :-
d) None of the above 29]100@& dk cspk rFkk
lgm|e ds can djus ds ckn
B us :- 1200@& esa ‘ks”k
LVkWd [kjhn fy;kA lgm|e ls
A dks fdruk ykHk izkIr
gqvk\

a) :- 750@&
b) :- 1]000@&
c) :- 500@&
d) mi;qZDr esa ls dksbZ ughaA

93. Loss of stock is said to be normal only LVkWd dh gkfu lkekU; rHkh
when – ekuh tkrh gS fd] tc ----------
a) It is because of leakage a) ;g fjlko ds dkj.k gksA
b) It is destroyed by fire
c) It is lost by theft
b) ;g vkx ls u”V gqbZ
d) It is unavoidable gksA
c) ;g pksjh gks xbZ gksA
d) ;g vifjnk;Z gksA

94. On discounting the bill from bank by a co- ,d lg&m|e }kjk cSad ls
venturer, such discount is debited to- fcy ij NwV nsus ij ,slh NwV
dks ----------- esa ls MsfcV fd;k
a) Discount Account tkrk gSA
b) Joint Venture Account
c) Bank Account
a) fMLdkamV [kkrkA
d) Co-venturer Account

Page 33 of 36
 b) la;qDr m|e [kkrkA
c) cSad [kkrkA
d) lg&m|e [kkrkA

95. Maximum Number of members in a joint ,d la;qDr m|e esa vf/kdre

venture can be – fdrus lnL; gks ldrs gS%&
a) As approved by Law Ministry a) tSlk fof/k ea=ky; }kjk
b) Two vuqeksfnr gksA
c) As decided by shareholders of
Company b) nksA
d) No limit c) daiuh ds ‘ks;j/kkjdksa
}kjk fu/kkZfjrA
d) dksbZ lhek ughaA

96. Which one of the following is NOT an fuEufyf[kr esa ls dkSu&lh

essential feature of a partnership? lk>snkjh dks ,d vfuok;Z
fo’ks”krk ugha gS\
a) There must be a business.
b) The business must be carried on a) dksbZ u dksbZ O;kikj
for profits.
gksuk pkfg,A
c) The business must be carried on
by all the partners. b) O;kikj vko’;d :Ik ls
d) There must be an agreement. ykHk ds fy, dk;kZfUor
gksuk pkfg,A
c) lHkh Hkkxhnkjksa }kjk
O;kikj vo’; fd;k
tkuk pkfg,A
d) blds fy, ,d le>kSrk
gksuk pkfg,A

97. In which sort of partnership does one fdl izdkj dh Hkkxhnkjh esa
accomplice has limitless risk and another ,d Hkkxhnkj ds ikl vlhe
accomplice have a restricted obligation? tksf[ke gS rFkk vU; Hkkxhnkj
ds ikl lhfer ck/;rk,a%&
a) Partnership At will
b) Particular Partnership
a) olh;r ij HkkxhnkjhA
c) General Partnership
d) Limited Liability Partnership b) fo’ks”k HkkxhnkjhA
c) lkekU; HkkxhnkjhA
d) lhfer ns;rk HkkxhnkjhA

98. The amount of sundry assets transferred olwyh [kkrs esa varfjr dh xbZ
to Realisation account was Rs. 120000, fofo/k vkfLr;ksa dh jkf’k
50 % of them have been sold at a profit of :- 1]20]000@& Fkh] muesa ls
Rs. 25000. 30 % of the remaining assets 50% vkfLr;ksa dks
were sold at a discount of 12 % and :- 25]000@& ds ykHk ij
remaining were taken over by Deepak (a
partner) at 25 % above book value. At cspk x;k] ‘ks”k cph gqbZ 30%

Page 34 of 36
 what value were the assets taken over by vkfLr;ksa dks 12% dh NwV ij
Deepak? cspk x;k Fkk rFkk nhid ¼,d
Hkkxhnkj½ us ‘ks”k cph gqbZ
a) Rs. 52,500/- vkfLr;ksa ds vafdr ewY; ls
b) Rs. 42,000/-
c) Rs. 60,000/-
25% vf/kd ewY; ij [kjhn
d) None of the above fy;kA nhid us vkfLr;ksa dks
fdl ewY; ij [kjhnk\

a) :- 52]500@&
b) :- 42]000@&
c) :- 60]000@&
d) mi;qZDr esa ls dksbZ ughaA

99. M&R and associates was dissolved on M & R ,.M ,lksf’k,V~l]

31st March 2016. Mahesh, a partner 31 ekpZ] 2016 dks fo?kfVr
wants that his loan of Rs. 25000 should dj fn;k x;k FkkA egs’k] ,d
be paid off before the payment of capitals Hkkxhnkj pkgrk gS fd Hkkxhnkjksa
of the partners. But Rohan, another dks iwath ds Hkqxrku lss igys
partner wants that capitals must be paid
mlds :- 25]000@& ds _.k
before the payment of Mohan’s loan. Who
is correct?
dk mls Hkqxrku fd;k tkuk
pkfg,A ysfdu jksgu & vU;
a) Rohan is correct Hkkxhnkj] pkgrk gS fd eksgu
b) Mahesh is correct ds _.k ds Hkqxrku ls igys
c) Both are wrong iwath dk Hkqxrku fd;k tkuk
d) None of the above pkfg,A dkSu lgh gS\

a) jksgu lgh gSA

b) egs’k lgh gSA
c) nksuks xyr gSA
d) mi;qZDr esa ls dksbZ ughA

100. Workmen Compensation Reserve (WCR) j'keh vkSj lqeu tks :-

appears in the balance sheet of Rashmi 80]000@& ij 2%3 ds
and Suman, who share profits in the ratio vuqikr esa ykHk lk>k djrh
of 2 : 3 at Rs. 80,000. Deepa is admitted gSa] dh cSyas’k&’khV esa Jfed
and the new profit sharing ratio is 1:1:1. If eqvkotk fjtoZ (WCR)
the claim on account of WCR is estimated
n’kkZ;k x;k gSA nhik buesa
at Rs. 1,00,000, then-
‘kkfey gqbZ gS vkSj vc u;k
a) the difference of Rs. 20,000 will be ykHk 1%1%1 dh vuqikr esa gSA
debited to revaluation account ;fn (WCR) Jfed eqvkotk
b) the difference of Rs. 20,000 will be fjtoZ ds ,dkmaV dk nkok :-
debited to Rashmi's capital account 1]00]000@& dk vuqekfur
c) the difference of Rs. 20,000 will be fd;k tkrk gS] rks ----------
debited to Suman's capital account
d) None of the above a) :- 20]000@& dk

Page 35 of 36
 varj] iquZewY;kadu [kkrs
esa ukes Mkyk tk,xkA
b) :- 20]000@& dk
varj] jf’ke ds dSfiVy
,dkmaV ds ukes Mkyk
tk,xkA
c) :- 20]000@& dk
varj] lqeu ds dSfiVy
,dkmaV ds ukes Mkyk
tk,xkA
d) mijksDr esa ls dksbZ ughaA

*****

Page 36 of 36