Q26. When the exchange of currencies takes place on the second working day after the date of the deal, it is known as ----
1) SPOT
2) TOM
3) CASH
4) READY
Q27. The main objects of a company are given in
the _________
1) Articles of Association
2) Prospectus
3) Memorandum of Association
4) Objects of Association
Q28. Consignment account is a ------ account
1) Real
2) Personal
3) Representative Personal
4) Nominal
Q29. A bond has a par value of Rs. 10000, has an
annual coupon rate of 12% and has a maturity period of 3 years. The required
rate on the bond is 10%. The price of
this bond is -----
(PVIFA 10%, 3 = 2.487, PVIF 10%, 3 = 0.751)
1) 10494
2) 10944
3) 8627
4) 10002
Q30. Ledger is prepared after __________.
1) Trial balance
2) Balance Sheet
3) Journal
4) All of the above
Answers:
