SSC CGL Tier-2 14th September 2018 AAO

In periods of rising prices, ____ method of inventory valuation will result in production being relatively undercharged.

The convention of conservatism has become a target of serious criticism on the ground that it goes against the convention of ____.

Wages paid for erection of a new plant or machinery are taken as _____.

The original cost of an asset is Rs.1,00,000 with an estimated scrap value of Rs.16,000 at the end of its useful life of 5 years. The depreciation on the asset for its whole life is Rs.84,000, what will be the amount to be charged to the Profit & Loss A/c, if the Sinking Fund table shows that Re.0.180975 if invested yearly @5 % p.a. produces Re.1 at the end of 5 years?

Errors committed because of failure to make a proper distinction between revenue and capital items are called ____.

If a firm purchases 100 units of goods on 1st Jan.@ Rs.4 p.u; 200 units on 8th Jan. @ Rs.5 p.u., 200 units on 24th Jan.@ Rs.6 p.u., and sold 200 units on 31st Jan, What will be the value of inventory sold on 31st Jan. according to the Weighted Price method when the firm follows Periodic Inventory System?

The objective of preparing a Bank Reconciliation Statement is to _____.

If the balance as per Cash Book is Rs.5,800; cheques amounting to Rs.2,000 are issued but not yet presented; cheques of Rs.1,500 sent for collection, but not yet collected, and amount of Rs.200 is wrongly debited by the bank, what will be the balance as per Pass Book?

According to Section 5 of the Negotiable Instruments Act, 1881, a _____ is defined as, an instrument in writing containing an unconditional order, signed by the maker, directing a certain person, to pay a certain sum of money only to, or to the order of, certain person or to the bearer of the instrument.

Which one of the following entry will be passed for ‘credit sales’ under self balancing ledger system?