Which of the following does the concept of material balance based upon?

Rashna Company collected the following data in its accounting records in 2014 : From the income statement : Depreciation expense Tk. 1,000 Loss on sale of equipment 3,000 From the comparative balance sheet : Beginning balance , equipment Tk. 12,500 Ending balance , equipment 8,000 Beginning balance , accumulated depreciation 2,000 Ending balance , accumulated depreciation 2,400 No new equipment was purchased during the year. The equipment was sold at the end of the year. What was the cash in -flow from the sale of equipment in 2014?

A

Tk, 3,900

B

Tk. 1,000

C

Tk. 900

D

Tk. 600

The accounting concepts related to Balance Sheet are
1. Realisation Concept
2. Cost Concept
3. Matching Concept
4. Accounting Equivalence Concept
Select the correct answer

A

1 and 4 are correct

B

2 and 3 are correct

C

1 and 3 are correct

D

2 and 4 are correct

Which of the following events after the balance sheet date would normally qualify as adjusting events according to AS-4 (Events after balance sheet date)? (A) The insolvency of a customer on the balance sheet date (B) A decline in the market value of investments (C) The declaration of an ordinary dividend (D) The determination of the cost of assets purchased before the balance sheet date Choose the most appropriate answer from the options given below:

A

(A), (C) and (D) only

B

(A) and (B) only

C

(B) and (C) only

D

(A) and (D) only

Assertion (A): In preparing final accounts, if closing stock is given in the trial balance, it is shown only in the Balance Sheet.
Reason (R): Any item appearing in the trial balance is treated only at one place i.e. either in the trading and profit & loss a/c or in the balance sheet.
Now, select the correct answer:

A

Both (A) and (R) are true and (R) is the correct explanation of (A)

B

Both (A) and (R) are true, but (R) is not correct explanation of (A)

C

(A) is true but (R) is false

D

(A) is false but (R) is true

Concept of material balance based upon?

A

Conservation of mass

B

Conservation of energy

C

Conservation of momentum

D

Conservation of Volume

Concept maps are commonly used in mathematics teaching. Which of the given statements are true about concept maps? (a) It is a complex network depicting the relationship between all the subconcepts of the concept. (b) It is a linear arrangement of all the subconcepts of the concept. (c) They can be used as diagnostic tools to identify difficulties in learning that students are facing. (d) They help a teacher to gain new insights into the nature of mathematics. Choose the correct option

A

(b) and (c)

B

(b) and (d)

C

(b), (c) and (d)

D

(a), (c) and (d)

With reference to Balance of Payments, which of the following constitutes/constitute the Current Account? 1. Balance of trade 2. Foreign assets 3. Balance of Invisibles 4. Special Drawing Rights Select the correct answer using the code given below.

A

1 only

B

2 and 3

C

1 and 3

D

1, 2 and 4

Which of the following is true?
i. Balance sheet is alway sprepared from the point of view of the business, but not from the point of view of the owners.
ii. The financial relationship of the business to its owners is shown in the balance sheet.
iii. Balance sheet is always related to a period of time.

A

i and ii

B

ii and iii

C

i and iii

D

i, ii and iii

Identify the true statement of the following.
1. Balance sheet is always prepared from the point of view of the business, but not from, that of the owners.
2. The financial relationship of the business to its owners is shown in the balance sheet.
3. Balance sheet is always related to a period of time.

A

Both 1 and 2

B

Both 2 and 3

C

Both 1 and 3

D

All of the above

Match the items in column 1 and column 2 and choose the correct combination. Column 1 Column 2 A - Resilience 1 – Ability of the material to return to the original shape when load is removed B – Fatigue 2 – Capacity of a material to absorb energy elastically C – Stiffness 3 – Ability of material to absorb a certain amount of energy without failure D - Elasticity 4 – Resistance of the material to elastic deformation 5 – Failure of material at loads less than that at normal conditions

A

A - 2, B - 5, C - 3, D - 1

B

A - 3, B - 2, C - 1, D - 4

C

A - 3, B - 5, C - 4, D - 2

D

A - 2, B - 5, C - 4, D - 1

Which of the following does the concept of material balance based upon?

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