ISRO Accounts Officer 2007

early detection of errors and frauds

facilitate final audit

early finalization of annual accounts

ensure systematic accounting

2

5

10

20

For writing off the discount on company’s debentures

For writing off the preliminary expenses of the company

For distributing dividend

For providing for the premium payable on the redemption of preference shares.

Proper valuation of assets and liabilities

Adequacy of contingencies for future losses

Dividend policies followed in past and rate of interim dividend paid in past.

To set off past losses

the produce when all factors of production are employed at optimum efficiency.

annual output of the most efficient firm

the extra output obtained from employing an additional unit of a factor.

what is left to the entrepreneur after he has met all the expenses

technical efficiency

technological efficiency

technical inefficiency

maximum profit

distinction between variable and direct cost

distinction between variable and fixed cost

distinction between variable and prime cost

distinction between opportunity cost and indirect cost

Retirement Gratuity

Pension

Reimbursement of Tuition fee

Value of rent free quarters

An agreement to sell a car

An agreement of Lease

An agreement to marry ‘X’

An agreement of hire purchase

a, b, c, d

a, c, d, e

c, d, e, b

e only