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Q. Royalty is Rs 44,000, Minimum rent Rs 50,000. Strike is for 2 months with no work done, Minimum rent to be reduced in proportion of time, find the amount paid to Landlord.

Q. R Ltd. makes purchases on credit. If the purchases are not as per the specifications, the company returns them to the suppliers. The book, that is used to record such returns is

Q. Depreciation is

Q. Which of the following is true statement for computerised accounting system? a. the computer accounting system is based on the concept of database. b. Computer accounting system does not away with the concept of creating and maintaining journals, ledger etc.

Q. Which of the following would not appear in a limited company’s surplus/Deficit statement

Q. Royalty is an income to lessee Sol:

Q. Which of the following is a non-profitable organisation ? Sol:

Q. Incomplete records are maintained usually by a

Q. Buy Back must be completed within_______________

Q. Rebate on bills discounted is