PGT Commerce Level-3 (HTEТ), Exam 2016

Total Questions: 150

111. Which business unit generates substantial cash surpluses due to low industrial growth rate and high market share?

Correct Answer: B. Cash cow

112. Which of the following will not affect the funds flow statement?

Correct Answer: A. Purchase of personal computer

113. Match List-I with List-II and select the correct answer using the Codes given below the lists:

List-I List-II 
(a) Goodwill of a companyI. Current liability
(b) OverdraftII. Intangible Assets
(c) Preliminary ExpensesIII. Reserves and Surplus
(d) Premium on issues of sharesIV. Fictitious Assets

Choose the correct answer from the options given below:

(a)

(b)

(c)

(d)

A.

II

I

IV

III

B.

I

II

IV

III

C.

I

II

III

IV

D.

II

I

III

IV

Correct Answer: (A)

114. Controlling function of an organization is:

Correct Answer: C. Forward as well as backward looking

115. Debtors are ₹ 80,000; bad debts ₹ 2,000 & provision for bad debts is ₹ 4,000. It is desired to maintain a provision for bad debts of ₹ 1,000. State the amount to be debited/credited in profit and loss account:

Correct Answer: C. ₹ 1,000 (credit)

116. ______days grace are added in terms of the bills to calculate the date of maturity.

Correct Answer: C. 3

117. The goal of financial management is to:

Correct Answer: C. Maximise the wealth of equity shareholder

118. On admission of a new partner increase in the values of assets is debited to:

Correct Answer: B. Assets account

119. ________is a process of entering in the ledger the information given in the journal.

Correct Answer: C. Posting

120. Grouping of activities on the basis of product lines is a part of

Correct Answer: B. Product departmentalization