ISRO Accounts Officer 2011

Wrong to talling

Recording with wrong amount

Wrong posting

Escape from posting

Building Accountis a nominal account

Outstanding rent account is a personal account

Every debit has a corresponding credit

Incomeis debited

To reduce the value of home currency with respect to value of currency of other countries

To appreciate the value of home currency with respect to value of currency of other countries

To tssue new currencyin place of old currency

To effect no change in the current exchangerate

Rs. 98

Rs. 100

Rs. 140

Rs. 40

Cash flow statement is based upon accrual basis of accounting

Cash flow statementis useful for shori-term financial analysis

Cash equivalents are short terms, highly liquid investments that are readily convertible into cash

Cash flows resulting from sale of fixed assets are classified as cash flows from investing activi

The balances as per cash columnof cash book and the pass book

The balance as per bank column of cash book and the pass book

The balance as per bank column of cash book and balances as per cash column of cash book

Clerical error in posting at the bank end with reference to cash book

All agreements are contracts

An agreement enforceable by law is a contract

An agreementcan only consist of an offer

An agreement can only consist of an acceptance

Liquidity

Debt position

Ability to use its assets to generate sales

Profitability

Cash Reserve_Ra

Current Ratio Rate

Cash Review Report

Credit Rating Record

Indemnity

Pledge

Guarantee

Hypothecation