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isttw language of business - Drawer of the cheque 90. Rationingof credit isa method of countancv 71 lni-ase of companies accounting - Credit control 91. Special drawing right is the year joust he C'osing stock is valued at scheme introduced by the -to -The financial year ost Irice or market price of problem According_concept each and solve the hichever is less International liquidity very business transaction has 10.ccumulated depreciation a/c is isclassitk-dsummi-r of Generally accepted accounting (. tt hi is ineaw I\ 7.t: un two aspects a giing aspect and - IMF shown on - Description principles Day book ri-ceivingaspect. 92. The nationahsation of 14 banks Fhe Iiahilitysideofhalance sheet 28. A cheque isdrawn upon acertain 44.The system ofrecording business 6:3. Trial balance is prepared n a - Dmil aspect took place 11 eneral Reserve shown in the transactions on the basis of dual year 81. _represeflt the investment - Injuly 19. 1969 lance sheet ofa company is - Banker aspect concept istermed as -Anytime 93.Co-operationisincludedinthe__ made hyowner in the-business - AGpropriationofprofit. 64.Achequewhichisriotcrossed itis -Capital 29. Certain expenses are unpaidDoubleEntrySyslem. scheduleoflndianconstituition 11 The Audit feeisdecidedby called during the accounting period is 45. Credit in asset, expenses, and 82. Accured income is a _of a -7th - Directorifco-operativeAudit -Open cheque known as losses means 94. Sec_of the NI act deals about business l.Theledgerisahookof_ -Outstandingexpenses -Decrease 65. Commercial banks collects -,ssests promissorvnote - Secondary entry 30. Real account always shows a - 46. The-work of classification is done cheques for their customers 83. Unearned income is of a - Sec. 4 UI. Error committed by accounting balance in the book known as represents__relationship 95. Bill ofexchange, prornis5sorynote business clerks at the time of recording, - Dehithalance - Ledger - Agent and principle musthe in - Liability postingetc. :31. A bill of exchangeisan -order 47. Offseason discount, New year 66.Alterationofdate.amount.Name 84. Accounting principles are based -Writing -Errorof commission. -Unconditional discount et.c are the example of ofpayee,Crossingetcarethe.__ 96. A bill drawn and accepted on 15. Heasy advertisement is an 32. The remuneration paid to the alteration of cheque without consideration - Practicahalitv exampleof Notarvpublicistermedas - Tradediseount -Material $5. Irrecovarable portion of sundry - Accommodationhill Deffered Revenue Expenditure - Noting charges 67. is essential for special 48. Debit note number is noted in 07. Eidence of dishonour of a bill of debtors is JO. crossing is known as unsystamatic 33. Discount column of cash book is - Purchasereturnbook exchange is got through -Bad debts stytcof accounting 49.Positiomistatementisalso known as - Name ofa hanker 86. Dt-htorsare also called - Noting -Singleentiysystem -Totaled - Italancesheet 68. Who has the right, to open the -i\ccountslteceivable 98. To the accepter, Rebate on Rule of real a/c is_ :34. In case of retiring the bill, the 50. Depreciation on furniture Rs. cheque retiringa bill isa 87. The hanker who is the debtor to -Debit whatcomesin and creditwhat allows 3000JournaIenti. -Drawer holder usually a tliejuitgenuntbtoriscalledthe -Gain goesout. 69. Concurrent, Audit is a peculiar concession for early payment is - Depreciation a/c. Drto furniture 99--cheque bearing Note Brokerage paid for purchasing called 51. Alteration of Ilguersafter audit, is feature of Negotiable Crossingcan be_ - Garnishee land is a alimittion of - Co-operative Audit Rebate 8$. Crossing ofa cheque is tempered -Transferable Capitalexpense. 71). :35. The bill musthespeci-thenanie is considered as the ContinuesAudit 100. A cheque isa_to ensure that iiiterferedwitli it isknuwn-as 1.9. Rent and rates are the examples of 52. Audit conducted to test the backboneofAuditing its payment is made to the right - Obliterating - Drawee correctionsofthe final audit done - tanching oL_ Cancellat ion of i-rossinit ran he tiaver - Revenue expenditure. byauditor is called 36. Marking ofa _cheque is not at 71. ihe purpose of interim audit is to ( .i , ,_.__I1l kin,- bN 2)). Sale proceed ofgoods_ all valid Test Audit. pay_ -- - - - . . ..... .... ........ - Credited in the trading a/c Post dated 53. Valuation isapart of - Interim dividend • C'. Js1 ç21 Incriase or decrease in the value 37 1 nhilities of the makers of the \eritieaiton 72 1 he auditor is abs as_ a so ii t'. • of current asset is known as promissorynote is Non member 54. Maximum Audit fee for a co_i.' - Fluctuation -Juintandseveral 73. Interest on capital is_ to the operativesocietv S sl -2014 LDC ita1 \Vhicli asset is not subject to :15. Bill receivable account. isa_a/c Es. I ,Ott,00tt bu ne (Wln9ttTô flJ1nJ61T1i1t depreciation 55.Whgesowingis_a/c -Real -Expense Q° i1 Land. 39. The account holder may order a - Personal a/c 74. The transactions that can he sciai PSC Coaching Centresr -1'i ii 2:3. Under Single ent ry method balance measured in terms of money only hank not to pay a pa rt icular 56. Personal a/c have ifl and _accounts are completely cheque. This is known as - Either debit or credit balance are recorded in the hooks of a/c . . ff, ignored which is termed as - Stop payment order 57. Loan a/c, Bank a/c is a_ 6(r6 T6t)01 m1)6ntn8 ffllmao Real and nominal - Monv measurement concept 40. Garnishee order is issued by - Personal a/c Liabilities payable wi thin a year CMI court 58. Dual aspect concept is also 75. According to the companies act I IL. 1Al1llU U --t are termed as known as and banking regulation act 41. While recording business QUESTION BANK + STUDY MATERIALS + MODEL QUESTiON PAPERS Current liabilities transactions in the books of accounting period consist. at Setd MOOD (payable at Palakkad) of As 8OO- in favour of Fo U Accountingequivalenceconcept 25. In a passbook, ba nk overdraft is account we assume that the .59. Primarvohject ofAuditingis _months Academy Publications. 2nd Soon, Mini Complex. Sulthanpet Paakad-01 shown as - 12 months business will be carried on - Prove reliability and accuracy - Debit Balance -. t -. iridefinitly 60. Depreciation of furniture is 76. Human resources can n ot be Pu The book that record small -Going concern concepts recordedin the book f,i it kifu calculate-din_method -1, a W paymentsof cash is called 42. Creditors are always treated as - Straight line method to_concept . Ez-TJL • tit - - Pet.tycash book in the business 61. Trial balance will disclose - Moneymeasuremenm Receipt and disbursement - liability _errors : 77. Goodwill a/c isa . a I I • statement of co-operative societies 43. GAAPstands for _ Clerical errors - Real fit t 4 4t .i.

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