(A) Debtor
(B) Creditor
(C) Defaulter
(D) Offender
The entry for creating a Provision for bad debts is?
(A) Debit Provision for Bad Debts A/c and credit Debtors A/c
(B) Debit Debtors A/c and credit Provision for Bad Debts A/c
(C) Debit Provision for Bad Debts A/c and credit Profit & Loss A/c
(D) Debit Profit and Loss A/c and credit Provision for Bad Debts A/c.
Bad debts recovered account will be transferred to?
(A) Debtor‘s Account
(B) Profit and Loss Account
(C) Provision for Doubtful Debt Account
(D) Either (b )or (c) above
__ is also known as Appraisal system of depreciation.
(A) Inventory system
(B) Survey system
(C) Annuity system
(D) Insurance
Schedule XIV of the Companies Act specifies __ as minimum rate of depreciation (WDV) on ship fishing vessels.
(A) 27%
(B) 33%
(C) 10%
(D) 15%
By how much has per capita nominal GNP changed from 2001 to 2002?
(A) -10%
(B) 12.5%
(C) 20%
(D) 0%
By how much has real GDP grown from 2001 to 2002?
(A) -10%
(B) 12.5%
(C) 20%
(D) 0%
The aggregate supply (AS) curve and aggregate demand (AD) curve in a realistic Keynesian world are:
(A) AS: fully horizontal; AD: downward sloping
(B) AS: horizontal only till the full capacity level; AD: downward sloping
(C) AS: vertical; AD: upward sloping
(D) AS: horizontal; AD: vertical