Half Yearly Examination

May 19th, 2015
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University of Derby
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Leyland Motors Limited, Delhi, Consigned four Leyland buses to the Mumbai agent at Rs.24,00,000 on 8% selling commission and 2% del-credene commission for sale.

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NEW IDEAL PUBLIC SCHOOLHalf Yearly Examination 2011-12Subject-AccountingClass-XI-XIITime:3 Hrs. M.M: 50Note:Attempt All the Questions.Q1.Multiple choice questions: -i.The proprietary of the business is considered as creditor of the business to:a.Cost conceptb. Separate Entity conceptc.Dual Aspect conceptd. Money mesurement concept.ii.Number of days in the days of grace is:a.2b. 3c.4d. 5iii.The maximum number of partners in non banking business are:a.2b. 20c.10d. 4iv.Joint venture A/C is of the nature of a:a.Real A/cb. Nominal A/cc.Personal A/cd. None of these.v.Cash A/c is:a.Real A/cb. Personal A/cc.Nominal A/cd. None of these.Q2.Definite answer type questions: -i.Accommodation Bill is drawn for any business transaction.ii.Joint Venture is Partnership.iii.There is no difference between aver

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