ISRO Accounts Officer 2008

Instructions

For the following questions answer them individually

ISRO Accounts Officer 2008 - Question 71


Caveat Emptor means:

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ISRO Accounts Officer 2008 - Question 72


Partner by holing out means:

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ISRO Accounts Officer 2008 - Question 73


If the test checking reveals that the management of the company has committed irregularities in books of account of the company, the auditor’s duty should be :

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ISRO Accounts Officer 2008 - Question 74


Price elasticity of demandis best defined as

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ISRO Accounts Officer 2008 - Question 75


Relevant cash flows for net present value (NPV) models include all of the following except

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ISRO Accounts Officer 2008 - Question 76


Goods worth Rs.500/- given as charity should be credited to :

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ISRO Accounts Officer 2008 - Question 77


Marginal cost is less than the average cost when averagecostfalls with

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ISRO Accounts Officer 2008 - Question 78


Overabsorbed overheads occur when:

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ISRO Accounts Officer 2008 - Question 79


The current ratio and the debt. ratio are used to evaluate a company. In general, a companyshould havea:

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ISRO Accounts Officer 2008 - Question 80


An order chequeis written by the drawerin English but he did not write the name of the payee. Payee wrote his namein Hindi script. The cheque is presented for payment by the payee. What should the bank do?

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