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ISRO Accounts Officer 2011

ISRO Accounts Officer 2011

Instructions

For the following questions answer them individually

ISRO Accounts Officer 2011 - Question 81


Which cost are knownasperiodical cost

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ISRO Accounts Officer 2011 - Question 82


ConsumerProtection Act was passed in the year

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ISRO Accounts Officer 2011 - Question 83


‘A’ agrees to pay Rs.1 lakh to ‘B’ if B brings stars from heaven to earth. This agreementis

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ISRO Accounts Officer 2011 - Question 84


A trader carries an average stock of Rs.40,000/-.His stock turnover ratio is 8 times.If he sells goods at a profit of 20% on sales,find out his profit

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ISRO Accounts Officer 2011 - Question 85


Disinvestment of shares means

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ISRO Accounts Officer 2011 - Question 86


“The position of a Company Secretary is like that of a hub in a bicycle wheel.” This statement showsthe

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ISRO Accounts Officer 2011 - Question 87


Full convertibility of the rupee implies

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ISRO Accounts Officer 2011 - Question 88


The Branch of Accounting which is concerned with the processing, analyzing and presenting data for decision making is known as

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ISRO Accounts Officer 2011 - Question 89


Rate of Gross Profit on cost is 25%. Total sales is Rs. 1,00,000 and Average StockisRs.1,60,000. Stock Turnover Ratio will be

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ISRO Accounts Officer 2011 - Question 90


A company madethe purchasesof an item duringits financial year.
January 2007 -200 @ Rs. 50 each
May 2007 — 400 @ Rs. 60 each
August 2007 — 600 @ Rs. 70 each
November 2007 — 300 @ Rs. 80 each
Closing inventories were 500articles.
Find out the value of closing stock as per Weighted Average Method

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