jaiibmocktest.in

Question 1 reset

The branches of commercial banks should report suspicious transactions to

RBI

Bank's respective authority

Question 2 reset

Joint venture comes to an end as soon as the particular venture is over.

True

False

Question 3 reset

Joint venture is a restricted partnership.

True

False

Question 4 reset

The relation between the co-venturers is that of a Principal and an Agent.

True

False

Question 5 reset

Liability of the co-venturers is unlimited.

True

False

Question 6 reset

Joint venture is a non-trading concern.

True

False

Question 7 reset

A consignment account is in the nature of 'Nominal Account'.

True

False

Question 8 reset

Goods despatched by a manufacturer or wholesaler to an agent for sale are called Consignment.

True

False

Question 9 reset

Abnormal loss is credited to Consignment.

True

False

Question 10 reset

Find Operating Expenses if

38000

40000

42000

Time Over