61. Insurance removes the hindrance of A. Time B. Finance and credit C. Risk D. Place Answer & Solution Discuss in Board Save for Later Answer & Solution Answer: Option C No explanation is given for this question Let's Discuss on Board
62. Commerce overcome the hindrances of A. Person, Money, Transport, Time, Knowledge, Damage, Risk of loss B. Banking and Insurance C. Trade D. Economics Answer & Solution Discuss in Board Save for Later Answer & Solution Answer: Option A No explanation is given for this question Let's Discuss on Board
63. Sales made to Mr. Varma should be debited to A. Cash account B. Bani account C. Bank account D. All of the above Answer & Solution Discuss in Board Save for Later Answer & Solution Answer: Option B No explanation is given for this question Let's Discuss on Board
64. The full disclosure principle states: A. That accounting practices should remain unchanged from one period to another B. The tendency to maintain a state of affairs without a sudden change C. That all information significant to the users of financial statements should be disclosed D. To the relative importance of an item or event Answer & Solution Discuss in Board Save for Later Answer & Solution Answer: Option B No explanation is given for this question Let's Discuss on Board
65. . . . . . . . . refers to the exchange of goods or commodities against money or service. A. Distribution B. Place C. Sales D. Myopia Answer & Solution Discuss in Board Save for Later Answer & Solution Answer: Option C No explanation is given for this question Let's Discuss on Board
66. For which type of account Overdraft facility permitted? A. Current account B. Saving account C. Real account D. Nominal account Answer & Solution Discuss in Board Save for Later Answer & Solution Answer: Option A No explanation is given for this question Let's Discuss on Board
67. One of the most important tools of cost planning is . . . . . . . . A. Budget B. Direct cost C. Unit cost D. Cost sheet Answer & Solution Discuss in Board Save for Later Answer & Solution Answer: Option A No explanation is given for this question Let's Discuss on Board
68. A partner below the age 18 does not enjoy the rights of full pledged is A. Nominal partner B. Secret partner C. Minor partner D. Sleeping partner Answer & Solution Discuss in Board Save for Later Answer & Solution Answer: Option C No explanation is given for this question Let's Discuss on Board
69. Outstanding salaries are shown as . . . . . . . . A. An expense B. A liability C. An asset D. All of the above Answer & Solution Discuss in Board Save for Later Answer & Solution Answer: Option B No explanation is given for this question Let's Discuss on Board
70. EOQ means A. Effective order quantity B. Economic order quantity C. Emergency order quantity D. E-order quantity Answer & Solution Discuss in Board Save for Later Answer & Solution Answer: Option B No explanation is given for this question Let's Discuss on Board
