Commerce Preparatory Course Exam
No. of Printed Pages : 16
PCO - 01
BACHELOR'S PREPARATORY PROGRAMME
(B.P.P.)
Term-End Examination
12242
June, 2011
PC0-01 : PREPARATORY COURSE IN
COMMERCE
Time : 2 flours
Note :
Maximum Marks : 50
All questions are compulsory. Each question carries one mark.
1.
Which of the principles requires that the same accounting method should be used from one accounting year to another ?
(1) Consistency
(2) Materiality
(3) Conservatism
(4) Matching
2.
Sales book is meant for recording :
(1) All sales
(2) All types credit sales
(3) All cash sales
(4) Credit sales of merchandise only
3.
Which of the following is correct ?
(1) Assets + Liabilities = Capital
(2) Assets —Liabilities = Capital
(3) Assets + Capital = Liabilities
(4) Assets + Liabilities = Capital
4.
The basic function of Financial Accounting is to :
(1) record all the transactions
(2) find out Gross Profit only
(3) find out Net Profit only
(4) record, classify, summarize and to interprate the business transactions in a systematic manner.
PC0-01
1
P.T.O.
5.
Purchase of Building should be debited to :
(1) Equipment A/C
(3) Goods A/C
6.
(2) Buildings A/C
(4) Capital A/C
Goods sold to Amar on credit will be debited to :
(1) Sales A/C
(3) Amar A/C
7.
(2) Cash A/C
(4) Purchases A/C
Which of the following account is not a personal account ?
(1) Loan A/C
(3) Shvam's A/C
8.
(2) Capital A/C
(4) Cash A/C
Almirah bought for Rs. 6,000 and paid there on cartage of Rs. 200. Almirah account will be debited by
(1) Rs. 6,000
(3) Rs. 6,200
9.
(2) Rs. 200
(4) Rs. 5,800
Returns Inwards Book is kept to record :
(1)
Returns of goods sold
(2)
Credit sales of goods
(3)
Credit purchases of goods
(4)
Returns of goods purchased
10. Rs. 1,000 paid as Rent to Landlord should be debited to :
(1) Rent A/C
(3) Landlord's A/C
(2) Cash A/C
(4) Repair A/C
11. Wages outstanding account is a
PCO - 01
BACHELOR'S PREPARATORY PROGRAMME
(B.P.P.)
Term-End Examination
12242
June, 2011
PC0-01 : PREPARATORY COURSE IN
COMMERCE
Time : 2 flours
Note :
Maximum Marks : 50
All questions are compulsory. Each question carries one mark.
1.
Which of the principles requires that the same accounting method should be used from one accounting year to another ?
(1) Consistency
(2) Materiality
(3) Conservatism
(4) Matching
2.
Sales book is meant for recording :
(1) All sales
(2) All types credit sales
(3) All cash sales
(4) Credit sales of merchandise only
3.
Which of the following is correct ?
(1) Assets + Liabilities = Capital
(2) Assets —Liabilities = Capital
(3) Assets + Capital = Liabilities
(4) Assets + Liabilities = Capital
4.
The basic function of Financial Accounting is to :
(1) record all the transactions
(2) find out Gross Profit only
(3) find out Net Profit only
(4) record, classify, summarize and to interprate the business transactions in a systematic manner.
PC0-01
1
P.T.O.
5.
Purchase of Building should be debited to :
(1) Equipment A/C
(3) Goods A/C
6.
(2) Buildings A/C
(4) Capital A/C
Goods sold to Amar on credit will be debited to :
(1) Sales A/C
(3) Amar A/C
7.
(2) Cash A/C
(4) Purchases A/C
Which of the following account is not a personal account ?
(1) Loan A/C
(3) Shvam's A/C
8.
(2) Capital A/C
(4) Cash A/C
Almirah bought for Rs. 6,000 and paid there on cartage of Rs. 200. Almirah account will be debited by
(1) Rs. 6,000
(3) Rs. 6,200
9.
(2) Rs. 200
(4) Rs. 5,800
Returns Inwards Book is kept to record :
(1)
Returns of goods sold
(2)
Credit sales of goods
(3)
Credit purchases of goods
(4)
Returns of goods purchased
10. Rs. 1,000 paid as Rent to Landlord should be debited to :
(1) Rent A/C
(3) Landlord's A/C
(2) Cash A/C
(4) Repair A/C
11. Wages outstanding account is a