Choose your language

21 January 2015

// // Our Youtube channel

LAB TECHNICAL ASSISTANT JANUARY 21,2015

LAB TECHNICAL ASSISTANT
RECEPTION,BOOK KEEPING& COMMUNICATION,VHSE

EXAM DATE:21-01-2015
1.Book-keeping is mainly concerned with:
A.Collection of data
B.Recording of financial data relating to business operations*
C.Designing the systems in recording ,classifying,summarizing the recorded data
D.Interpreting the data for internal and external end users
Ans:B

2.Finding out the  difference between the totals of two sides of an account is called:
A.Journalizing
B.Balancing*
C.Posting
D.None of these
Ans:B
3.The primary function of accounting is to:
A.Interpret the financial data
B.Recording and classifying business operations*
C.Assist the management in performing functions effectively
D.Summarizing the financial data
Ans:B
4.--------provides data about the nature of transactions contained in it.
A.Cash book
B.Journal
C.Ledger
D.Source document*
Ans:D
5.The effect of debit is:
A.Increase in income
B.Increase in capital
C.Increase in liability
D.Increase in assets*
Ans:D
6.The debit balance of personal account shows:
A.Amount receivable*
B.Amount payable
C.Cash in hand
D.Amount of credit sales
Ans:A
7.Things which are purchased by the business for resale is called:
A.Assets
B.Liability
C.Goods*
D.Income
Ans:C
8.Cash discount allowed to a debtor should credited to:
A.Customer account*
B.Discount account
C.Sales account
D.Cash account
Ans:A
9.A person to whom something is owed is called:
A.Debtor
B.Creditor*
C.Owner
D.Bank
Ans:B
10.The statement shows the financial position of the business is:
A.Balance sheet*
B.Fund flow statement
C.Profit and loss account
D.Cash book
Ans:A
11.The term current assets does not include:
A.Cash
B.Advance payment
C.Furniture*
D.Stock-in-trade
Ans:C
12.The basic rule of ‘debit what comes in and credit what goes out’is applicable to
A.Real account*
B.Personal account
C.Nominal account
D.Expenses account
Ans:A
13.In case of debt becoming bad,the amount should be credited to:
A.Creditors account
B.Sales account
C.Debtors account*
D.Bad debts account
Ans:C
14.The credit balance in the bank account is:
A.An asset
B.Liability*
C.Revenue
D.Expense
Ans:B
15.A reserve is a charger against:
A.Capital
B.Asset
C.Profit*
D.Liability
Ans:C
16.The statement containing various ledger balances on a particular date is known
A.Trial balance*
B.Trading account
C.Profit and loss account
D.Balance sheet
Ans:A
17.The process of transferring journal entries to ledger account is called:
A.Journalizing
B.Balancing
C.Posting*
D.Classifying
Ans:C
18.Bank reconciliation statement is prepared by the:
A.Bank
B.Firm*
C.Creditor
D.Debtor
Ans:B
19.Window dressing is prohibited due to the convention of:
A.Accrual concept
B.Materiality*
C.Conservatism
D.Full disclosure
Ans:B
20.Provision for bad debt is made under the principle of:
A.Consistency
B.Full disclosure
C.Conservatism*
D.Materiality
Ans:C
21.A---------is sent to a customer when he returned the goods.
A.Credit note*
B.Debit note
C.Invoice
D.Cash memo
Ans:A
22.Assets of the business means:
A.Liabilities-capital
B.Cash+capital
C.Liabilities+capital*
D.Capital+drawings
Ans:C
23.Revenue is generally recognized as being earned at the point of time,when:
A.Sale is effected*
B.Production is complete
C.Cash is received
D.Purchase is effected
Ans:A
24.Stock in hand is:
A.A fixed asset
B.An intangible asset
C.An investment asset
D.A current asset*
Ans:D
25.Qualitative transactions are not recorded in the accounts due to:
A.Dual aspect concept
B.Accrual concept
C.Money measurement concept*
D.Matching principle
Ans:C
26.According to going concern concept,a business is viewed as having-------life.
A.A limited
B.An indefinite*
C.An annual
D.A very long
Ans:B
27.Goods outward journal is meant for recording all returns of goods---------on credit
A.Sold
B.Purchased*
C.Sent
D.None of these
Ans:B
28.Income tax paid by the sole proprietor on his business income should be:
A.Debited to the trading account
B.Debited to the profit and loss account
C.Deducted from the capital account in the balance sheet*
D.Deducted from the bank account of the business
Ans:C
29.Out standing salaries are shown as:
A.An asset
B.A liability*
C.An income
D.An expense
Ans:B
30.Goods given as sample should be credited to:
A.Advertisement account
B.Sales account
C.Purchase account*
D.Capital account
Ans:C
31.Assets which have no real value but are shown in the books of accounts on technical reasons are called:
A.Tangible assets
B.Intangible assets
C.Wasting assets
D.Fictitious assets*
Ans:D
32.Copy right is a ----------account,
A.Real account*
B.Personal account
C.Nominal account
D.Capital account
Ans:A
33.A short description of every transaction made in the journal is called:
A.Journal folio
B.Ledger folio
C.Narration*
D.Particulars
Ans:C
34.Proprietor of a business is treated as creditor to the extent of capital,is under the concept of:
A.Money measurement
B.Going concern
C.Dual aspect*
D.Business entity
Ans:C
35.Stock in trade does not include:
A.Work-in-progress
B.Raw materials
C.Items held as fixed assets*
D.Finished goods
Ans:C
36.The trial balance shows closing stock of Rs.20,000.It will be  recorded in:
A.Trading account
B.Profit and Loss account
C.Profit and loss appropriation account
D.Balance sheet*
Ans:D
37.Municipal tax of Rs.15,000 under dispute is a:
A.Contingent liability*
B.Current liability
C.Revenue loss
D.None of these
Ans:A
38.Suspense account Dr.Balance Rs.5000 in trial balance,will be recorded in the:
A.Liability side of the balance sheet
B.Asset side of the balance sheet*
C.Cr.Side of the P & L account
D.Dr.Side of the P & L account
Ans:B
39.A bank reconciliation statement is prepared to know the causes for the difference between:
A.The balances as per cash column of cash book and the pass book
B.The balances as per bank columns of cash book and pass book*
C.The balances as per bank column of cash book and cash column of cash book
D.None of these
Ans:B
40.Asset account will always have a:
A.Debit*
B.Credit
C.Either debit(or)credit
D.No balance
Ans:A
41.Trade discount--------appear in the books of account.
A.Will*
B.Will not
C.Will(or)will not
D.None of these
Ans:A
42.Credit purchase of furniture are recorded in:
A.Purchase day book
B.Sales day book
C.Journal proper*
D.None of the above
Ans:C
43.Cash discount is allowed by:
A.Wholesaler
B.Debtor
C.Creditor*
D.Retailer
Ans:C
44.Sales day book shows:
A.Total sales
B.Total credit sales*
C.Cash sales
D.Net sales
Ans:B
45.Petty cash book is prepaid under----------system.
A.Cash
B.Imprest*
C.Credit
D.Mercantile
Ans:B
46.Special journal is also called:
A.Journal proper
B.Subsidiary books*
C.Original books
D.Ledger
Ans:B
47.Rs.380 received from Roy is credited to his account as Rs.308,this error is called:
A.Compensating errors
B.Errors of principle
C.Errors of omission
D.Errors of commission*
Ans:D
48.Unexpired expenses is a:
A.Liability
B.Asset*
C.Income
D.Expense
Ans:B
49.Direct expenses are debited in the:
A.Balance sheet
B.Trial balance
C.Profit and loss account
D.Trading account*
Ans:D
50.When both the aspects of a transaction are posted in one account,such an entry is called:
A.Compound journal entry
B.Contra entry*
C.Multiple entry
D.Double entry
Ans:B
51.The books that record small payment of cash is called:
A.Journal
B.Ledger
C.Petty cash book*
D.Compound journal entry
Ans:C
52.Sales are equal to:
A.Cost of goods sold+profit
B.Cost of goods sold-profit*
C.Gross profit-cost of goods sold
D.None of these
Ans:B
53.Source document for purchase returns:
A.Debit note*
B.Credit note
C.Source note
D.Journal proper
Ans:A
54.In the case of overdraft,pass book will show a---------balance.
A.Credit balance
B.Debit balance*
C.Either debit balance or credit balance
D.No balance
Ans:B
55.Ordinary repairs debited to machinery account are an error of:
A.Compensating error
B.Error of commission
C.Error of omission
D.Error of principle*
Ans:D
56.Depreciation is the process of:
A.Valuation of asset
B.Appointment of the cost of the asset  over its useful life*
C.Maintenance of asset in a state of efficiency
D.Valuation of expense or cost
Ans:B
57.---------is a temporary account opened for making agree the trial balance for the preparation of final accounts.
A.Current A/c
B.Suspense A/c*
C.Personal A/c
D.Temporary A/c
Ans:B
58.Similar nature of transactions are grouped into one place is called:
A.Journal
B.Trial balance
C.Ledger*
D.Voucher
Ans:C
59.------is ascertained by preparing trading A/c.
A.Net profit
B.Gross profit*
C.Capital
D.Income tax
Ans:B
60.Written evidence for a payment of cash is called:
A.Journal
B.Cash book
C.Ledger
D.Voucher*
Ans:D
61.Allowance made for prompt payment is called:
A.Cash allowance
B.Cash discount
C.Trade discount*
D.Rebate
Ans:C
62.Heavy amount spent on advertisement is expenditure
A.Capital
B.Revenue
C.Deferred capital
D.Deferred revenue*
Ans:D
63.Trading account is a----------account.
A.Real
B.Personal
C.Nominal*
D.All of these
Ans:C
64.Capital expenditure is recorded in:
A.Balance sheet*
B.Profit and loss account
C.Trading account
D.Manufacturing account
Ans:A
65.In sole trader’s balance sheet,assets are arranged in the order of:
A.Permanency
B.Liquidity*
C.Priority
D.Flexibility
Ans:B
66.One sided errors----------affect the agreement of trial balance.
A.Will
B.Will not*
C.Some time
D.More or less
Ans:B
67.Drawing account is a----------account
A.Real
B.Personal*
C.Nominal
D.None of these
Ans:B
68.Carriage outward is debited to:
A.Trading account
B.P/L account*
C.Wages account
D.Balance sheet
Ans:B
69.In------------method,depreciation charged in the initial years will be more
A.Fixed cost
B.Annuity
C.Diminishing balance*
D.Depletion
Ans:C
70.The father of financial accounting:
A.Luca Paciolo*
B.Necolas Berg
C.Edward Johns
D.Henry Fayol
Ans:A
71.Loss of cash by theft committed by cashier after business hours is a:
A.Revenue loss
B.Financial loss
C.Capital loss
D.Business loss*
Ans:D
72.According to conservatism,the stock is valued at:
A.Cost price
B.Market price
C.Cost price or market price whichever is higher
D.Cost price or market price whichever is lower*
Ans:D
73.AAA stands for:
A.Accounts Appraisal Association
B.American Accounting Association*
C.American Association of Accountants
D.Asian Accountants Association
Ans:B
74.Goods taken for personal use by proprietor are credited to----------account.
A.Drawing*
B.Capital
C.Purchases
D.Sales
Ans:A
75.The term’Account Receivable’ includes:
A.Sundry debtors
B.Bill receivable
C.Promissory notes
D.All of these*
Ans:D
76.-----is the book of original entry
A.Journal*
B.Ledger
C.Invoices
D.Voucher
Ans:A
77.Trade discount allowed will be:
A.Debited*
B.Credited
C.Both(A) and (B)
D.Neither(A)nor(B)
Ans:A
78.GAAP stands for:
A.General Agreement on Accounting Principles
B.Generally Accepted Audit Procedures
C.Generally Accepted Accounting Programme
D.Generally Accepted Accounting Principles*
Ans:D
79.A petty cash book is aimed to:
A.Meet the needs of small businesses
B.Cover the small expenditure paid in cash*
C.Cover small and varied incomes
D.Cover both small income and expenditure
Ans:B
80.What is the correct sequence of the following in the preparation of Final account?
1.Preparation of balance sheet
2.Preparation of ledger accounts
3.Preparation of trial balance
4.Preparation of trading and P & L account
A.4,2,1,3
B.2,3,4,1*
C.2,4,3,1
D.1,2,3,4
Ans:B
81.The first meeting of the Indian National Congress was held at:
A.Calcutta
B.Bombay*
C.Pune
D.Nagpur
Ans:B
82.Who among the following is associated with the founding of the Indian National Army(Azad Hind Fouj)?
A.C.R.Das
B.Madan Mohan Malavya
C.Subhash Chandrabose*
D.Bhagat Singh
Ans:C
83.Total number of Assembly Constituencies in Kerala is:
A.140*
B.120
C.136
D.145
Ans:A
84.Which prominent social reformer of Kerala gave the charismatic slogan,’One caste,One religion and one God for man’?
A.Chattambi Swamikal
B.Ayyankali
C.Kumaran Asan
D.Sri.Narayana Guru*
Ans:D
85.The famous play ‘Adukkalayil –ninnu Arangathekku’was written by:
A.C.Kesavan
B.V.T.Bhattathirippad*
C.E.M.S.Namboothirippad
D.Balamani Amma
Ans:B
86.Which of the following is the biggest National Park in Kerala?
A.Eravikulam*
B.Silent Valley
C.Aanamudichola
D.Mathikettanchola
Ans:A
87.Which of the following became the first Governor General of Independent India?
A.Muhammad Ali Jinnah
B.Lord Mountbatten*
C.Dr.Rajendra Prasad
D.C.Rajagopalachari
Ans:B
88.The first rubber plantation in Kerala was planted at which of the following places?
A.Kanjirapally
B.Enthayar*
C.Ponkunnam
D.Changanacherry
Ans:B
89.The custom of ex-communicating Namboothiri women,if they associate themselves with someone out of their caste,is popularly known as:
A.Upanayanam
B.Pulappedi
C.Smartha Vicharam*
D.Samavarthanam
Ans:C
90.Gandhiji’s political career started with which of the following movements?
A.Non Co-Operation*
B.Civil Disobedience
C.Salt Satyagraha
D.Quit-India
Ans:A
91.The capital city of India,Delhi is situated on the banks of which river?
A.Satlej
B.Yamuna*
C.Ganga
D.Beas
Ans:B
92.How many times did the renound German car racer Michael Schumacher win the formula one car racing  championship?
A.5
B.6
C.7*
D.8
Ans:C
93.The person who is described as the ‘Missile Woman’of India is:
A.Mrs.Kiran Bedi
B.Mrs.Nirupama Rao
C.Mrs.Sreelekha IPS
D.Mrs.Tessy Thomas*
Ans:D
94.Who among the following acted as  the chairman of the drafting committee of the Indian constitution?
A.Dr.Rajendra Prasad
B.Sachidanand Sinha
C.K.M.Munshi
D.Dr.B.R.Ambedkar*
Ans:D
95.The famous Christian Pilgrim Centre at Bharanaganam in Kottayam District is associated with:
A.Blessed Chavara Kuriakose Elias
B.Blessed Alphonsa*
C.Blessed Sr.Euprasia
D.Mother Theresa
Ans:B
96.The religious sect named ‘Prathyaksha-Raksha Daivasabha’[PRDS]was founded  by:
A.Dr.Palpu
B.Thycaud Ayya
C.Pandit Karuppan
D.Poikayil Yohannan*
Ans:D
97.Which of the following Kerala river flows eastwards?
A.Pambar*
B.Karamanayar
C.Manimalayar
D.Neyyar
Ans:A
98.The ‘Mac-Mohan line’ is the dividing line between:
A.India and Afghanistan
B.India and Pakistan
C.India and China*
D.India and Bangladesh
Ans:C
99.Which Prime Minister of India announced the programme of ‘Garibi Hatao’[Remove Poverty]?
A.Jawaharlal Nehru
B.Indira Gandhi*
C.Morarji Desai
D.Narasimha Rao
Ans:B
100.Planning Commission of India came into existence in the year:
A.1950*
B.1951
C.1952
D.1956
Ans:A



1 comment:

  1. Enjoying success requires the ability to adapt.Only by being open to change will you have a true opportunity to get the most from your talent.-Nolan Ryan.
    KERALA PSC ,UPSC Civil service online practices available .Don’t forget our Youtube Channel Subscribe.

    ReplyDelete

പ്രിയമുള്ളവരേ നിങ്ങൾ ഓരോരുത്തരും നാളിതുവരെയായി എനിക്ക് നൽകിയ വലിയ പിന്തുണയ്ക്ക് ഒത്തിരി നന്ദി പറയുന്നു.
ഞാൻ എഴുതിയ പ്രണയ നോവൽ "എന്റെ റോസ്മോൾക്കായ്" നിങ്ങൾക്കിപ്പോൾ വായിക്കാം.
Romantic Novel Read now.
Real Estate Advertisement.
Prathilipi Article Read now.
പ്രിയമുള്ളവരേ ഞാൻ എഴുതിയ രണ്ടു മോട്ടിവേഷൻ ബുക്കുകളുടെ ഓഡിയോ SPOTIFY APPLICATION ൽ Lijopaulexamchoices എന്ന പ്രൊഫൈലിൽ ലഭ്യമാണ്.
സ്നേഹസ്പർശനമായി കൺമുൻപിൽ:A spark of love to open your eyes
Youtube Channel Audio Listen Part 1 Now.
Youtube Channel Audio Listen Part 2 Now.
Youtube Channel Audio Listen Part 3 Now.
ഉൾകൊള്ളാൻ ഉൾകാഴ്ചകൾ:The art of innerspring insight
Youtube Channel Audio Listen Part 1 Now.
Youtube Channel Audio Listen Part 2 Now.
Special offer our Motivation E-book
Our Motivation EBooks Buy Now.
Instagram,
Facebook page,
Youtube,
Whatsapp Chat Now
ഈ അവസരത്തിൽ ഞങ്ങളുടെ വെബ്സൈറ്റിലൂടെ നൽകി വരുന്ന പഴയ കാല പി എസ് സി പരീക്ഷാ ചോദ്യപേപ്പറുകൾ സൗജന്യമായി പരിശീലിക്കുവാൻ നിങ്ങൾക്ക് അവസരം നൽകുകയാണ്.
Free practice Now.
USED BOOK ORDER NOW.
ഏതു പരസ്യത്തിന്റെയും സാമ്പത്തിക ഇടപാടുകൾ സ്വന്തം ഉത്തരവാദിത്വത്തിൽ മാത്രം ചെയ്യുക.ഇടപാടുകൾ മൂലം ഉണ്ടാകുന്ന യാതൊരുവിധ കഷ്ട നഷ്ടങ്ങൾക്കും ഈ വെബ്സൈറ്റ് അധികാരികൾ ഉത്തരവാദി ആയിരിക്കുന്നതല്ല.