Time Left - 05:00 mins

CGL AAO Mock Test - 11

Attempt now to get your rank among 711 students!

Question 1

From the following information ascertain the closing balance of debtor’s

Opening balance of debtor = Rs. 32,600
Total sales = Rs. 1,03,000
Cash collected from debtors = Rs. 70,000
Sales return = Rs. 1500
Discount on purchase = Rs. 1200
Cash sales = Rs. 43000
Bad debts = Rs. 700

Question 2

Which accounting concepts makes a distinction between the receipt of cash and the right to receive the cash?

Question 3

Four washing machines are in stock with a dealer

Find out the value of stock for balance sheet as per AS-2?

Question 4

Annuity method is designed for which of the following:

Question 5

Debit the expanses or losses, credit all incomes and gains, is the rule for

Question 6

Which of the following will result to “Favorable balance” as per pass book :
1) Locker rent levied by the bank
2) Wrong debit in cash book
3) Wrong debit in pass book
4) Income directly received by bank

Question 7

AS-8 on accounting for Research and development

Question 8

Which of the following statement is/are true :
1) Noting charges is an expense to be borne by the drawee
2) Accounts Payable can draw a bill on account receivables
3) A bill of exchange is a negotiable instrument
4) If the maturity date of the bill is a sudden holiday then the preceding day will be the new maturity date.

Question 9

An amount of Rs 1000 which is of a dishonored bill has been debited from the general expense account. Select the correct answer from the given options :

Question 10

Prepaid expense of financial year relates with:

711 attempts
16 upvotes
17 comments

Tags :

SSC & Railway Finance and Accounts

Jan 21SSC & Railway