SSC CGL Tier-2 14th September 2018 AAO

Instructions

For the following questions answer them individually

Question 1

A Trial Balance may be prepared according to Totals Method and _____ Method.

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Question 2

______ appears on the credit side of Manufacturing Account.

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Question 3

According to the ____ concept of accounting, the life of the business is divided into appropriate segments for studying the results shown by the business after each segment.

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Question 4

On account of ____ convention, the inventory is valued ‘at cost or market price whichever is less’.

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Question 5

If the net sales are Rs.35,000, Net Purchases Rs.25,000 and the Closing Stock is Rs.5,000, what will be the amount of Gross Profit?

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Question 6

Under ____ method of Inventory valuation, the issues of materials are made at the price of materials or goods which have been ordered but not yet received.

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Question 7

A businessman can find out what his business owns and what it owes from ______.

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Question 8

The maker of a Bill Of Exchange is called the _____.

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Question 9

_____ system of depreciation is followed in case of those assets which are of small values or where the life of the asset cannot be ascertained with certainty.

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Question 10

If a machine (having a scrap value of Rs.1,000) is purchased for Rs.10,000 and it has an effective life of 10 years of 1000 hours each, what will be the amount of depreciation per hour?

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