The Global Open University 2012-1st Year M.B.A Global open University of Accounting and Financial Administration - Question Paper

a. Default risk premium
b. Sovereign Risk Premium
c. Market risk premium
d. Maturity risk premium
19. Which of the subsequent voucher is
used to record transactions that do
not affect bank & cash?
a. Journal Voucher
b. Receipt Voucher
c. Payment Voucher
d. Nominal Voucher
20. If salaries are Rs. 2500,
purchases Rs. 18,000 and rent Rs.
400; what will be administrative
expenses? choose accurate choice
a. 400
b. 2,500
c. 2,900
d. 20,900
21. What would conversion costs if
costs of raw materials, direct labor
costs, and manufacturing overhead
costs Rs.80,000, Rs.50,000, and
Rs.60,000, respectively?
a. 130, 000
b. 110,000
c. 140,000
d. 190,000
22. A form that allows individuals to
compare their personal bank account
records to the bank's records of the
individual's account balance in order
to uncover any possible discrepancies
is known as
a. Bank statement
b. Income statement
c. Financial statement
d. Bank reconciliation statement
23. Cash and other resources that are
expected to turn to cash or to be used
up within 1 year of the balance
sheet date are called
a. Current liability
b. Current assets
c. Fixed assets
d. Long-term assets
24. An accounting system is used by a
business to
a. Analyze transactions
b. Handle routine bookkeeping tasks
c. Structure info
d. All of the provided choices
25. Particulars Rs. Opening written
down value of machine 3,75,000 Cost
of machine 50,000 Depreciation
during the year 11,500 Closing
written down value (WDV) of the
Machines ?
a. 4,13,500
b. 4,25,000
c. 3,36,500
d. 61,500
26. What will be debited, if business
purchased Furniture on cash?
a. Furniture account
b. Cash account
c. Business account
d. Bank account
27. Expenditure incurred in acquiring
the patent right for the business is an
example of
a. Revenue Expenditure
b. Capital expenditure
c. Deferred revenue expenditure
d. Administrative expenditure
28. Total assets - Total liabilities =?
a. Owner's equity
b. Expenses

Earning:   Approval pending.