List of practice Questions

Stamen is a part of ________.

Telephone, Head, Kniffin, and Bower are important training systems adopted in:

To create a secure password, one should include:

Which among the following is fed with Royal Jelly?

Which of the following crops requires 1000 - 1500 hours of winter chilling for breaking the bud dormancy?

Chandra Ltd. purchased a second-hand machine for Rs. 80,000 on ^1st July, 2020 and spent Rs. 30,000 on its overhaul and installation. Depreciation was to be provided @ 10% p.a. by written down value method. Prepare machinery account for 3 years assuming the books are closed on ^31st March every year.

Name the organization which formulated the Sustainable Development Goals (SDG).

Prepare Trading Account, Profit and Loss Account, and Balance Sheet of M/s Sharma and Sons from the following information for the year ending 31^st March, 2023 when closing stock was valued at Rs. 20,000.
Trial Balance as on 31-3-2023

Name of Account	Debit Balance (Rs.)	Credit Balance (Rs.)
Opening Stock	19,400	–
Purchase and Sale	6,50,000	7,80,000
Returns	20,000	20,000
Debtors and Creditors	38,000	87,200
Bills Payable	–	25,200
Machinery	1,00,000	–
Building	2,50,000	–
Bank	10,000	–
Wages	40,000	–
Salaries	40,000	–
Interest	15,000	–
Capital	–	3,60,000
\(Total\)	12,72,400	12,72,400

Suresh participated in a 100 m race and won a prize. He was happy with the appreciation of his friends and teachers. Which of the following is pointing to his motivation?

The inability to communicate using a language is known as:

To earn profit is not an aim of entrepreneurship. (True or False)

To reverse the last action, which shortcut key will you use on the computer?

Following is the position statement of Rakesh who maintains his accounts in incomplete system as on 31^st March, 2022 and 31^st March, 2023:

\(Particulars\)	31st March, 2022 (Rs.)	31st March, 2023 (Rs.)
Machinery	16,000	16,000
Furniture	4,000	4,000
Stock	14,000	10,000
Sundry Debtors	8,000	9,000
Bank	400	3,600
Sundry Creditors	10,000	7,000

Additional Information:
- Fresh Capital introduced = Rs. 600. - Drawings = Rs. 4,100.

Manu started business with a capital of Rs. 4,00,000 on 1^st June, 2023. He introduced additional capital of Rs. 75,000. He withdrew Rs. 8,000 per month during this period. If the closing capital as on 31^st December, 2023 was Rs. 4,50,000, calculate profit & loss for the year ended 31^st December, 2023.

On 15^th March, 2023 Y accepted a bill drawn upon him by X for four months for Rs. 10,000. X discounted the bill on 15^th April, 2023 at 18% p.a. from his bank and Y met the bill on maturity. Give the Journal Entries in the books of X and Y.

On 1^st December, 2023 Z purchased goods from R for Rs. 35,000 and accepted a bill for two months. The bill was met on due date. Pass journal entries for the above transactions in the books of Z.

What are Direct Expenses? Give any two examples of Direct Expenses.

Why is Trading Account prepared? Name any two items that are transferred to the credit of Trading Account.

Give any three examples of Capital expenditure.

In single entry system_____are recorded.

On 1^st January, 2023, X sold goods to Y for Rs. 50,000. On the same date X drew a bill on Y for Rs. 50,000 due after three months. Y accepted the bill and returned it to X. X retained the bill till the due date, and Y met the bill on due date. Pass journal entries for the above transactions in the books of X.

Rent from Tenant is shown on the______.

Under which method of charging depreciation more amount is charged in the initial years as compared to the later years of its life? Give any two merits of this method.