1

This question paper contains 30 questions.

2

Marks are indicated against each question

3

There are two Case Based Questions (CBQ’s).

4

Answers should be brief and to the point.

5

Workings to the answers should be given clearly.

Q.No

QUESTIONS

Marks

1

Heavy expenditure undertaken on the advertisement for brand building at the
time of launch of a product by a company is____

                                                                                                      (Choose the correct alternative)

a. Revenue Expenditure
b. Capital Expenditure
c. Deferred Revenue Expenditure
d. Statement of financial position

1

2

A new machine was imported by Nishtha Ltd. from South Korea for ?7,00,000
and 20% p.a. depreciation is charged as per reducing balance method. The book
value of the machine at the end of the second year would be___________

                                                                                                        (Choose the correct alternative)

a. ? 4,84,000
b. ? 4,48,000
c. ? 4,64,000
d. ?4,72,000

1

3

__________is not a negotiable instrument.

                                                                                                        (Choose the correct alternative)

1