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1
JAWAHARLAL NEHRU TECHNOLOGICAL UNIVERSITY HYDERABAD
IV B.Tech. I Sem., I Mid-Term Examinations, September - 2017
MINE ECONOMICS
Objective Exam
Name: ______________________________ Hall Ticket No. A
Answer All Questions. All Questions Carry Equal Marks. Time: 20 Min. Marks: 10.
2. Type of accounting concerned with record keeping directed towards the preparation of Trial balance,
profit and loss account and balance sheet [ ]
A) Financial Accounting B)Cost Accounting C) Management Accounting D) Tax Accounting
4. Accounting that deals with application of managerial economic concepts for decision making for the
efficient running of the business and thus in maximizing profits is [ ]
A) Financial Accounting B) Cost Accounting C) Management Accounting D) Tax Accounting
7. The accounting system based on scientific principle and is used universally by most of business
organizations is [ ]
A) Single B) Quad C) Triple D) Double
8. The books used to record non-cash transactions like credit sales, credit purchases, Sales Returns,
Purchase Returns are [ ]
A) Journal B) Ledger C) Cash book D) Book
9. Things that are resources owned by a company and which have future economic value that can be
measured and can be expressed in rupees [ ]
A) Liabilities B) Assets C) Reserves D) Forex
Cont..2
Code No: 117FG :2: Set No. 1
11. In business or commerce, we deal with ____________________ type of interest on varying value of
money.
12. ___________________ may be defined as the process of recording, classifying, summarizing, analysing
and interpreting the financial transactions and communicating the results there of to the persons
interested in such information.
13. ______________ is the process of accounting for costs that shows classification and analysis of cost on
the basis of functions process, products etc. It also deals with cost computation, cost saving, cost
reduction etc.
14. The system of entry followed by sole proprietor, having total control on cash as well as on goods is
________________.
15. ___________ is used to record cash receipts and payments including receipts and Payments through
Bank.
16. _______________ contains a classified summary of all transactions recorded in cash book and journal.
17. A ___________ is typically an amount owed by a company to a supplier, bank, lender, or other provider
of goods, services, or loans.
18. Under _____________ of accounting entries are made only when cash is received or paid. No entry is
made when amount is due for receipts or payments.
19. Under _________________ of accounting business transactions are recorded as and when it take place
irrespectful of amount / cash received or paid. Income earned as well as expenses incurred are recorded
related to the Particular period.
-oOo-
Code No: 117FG Set No. 2
JAWAHARLAL NEHRU TECHNOLOGICAL UNIVERSITY HYDERABAD
IV B.Tech. I Sem., I Mid-Term Examinations, September - 2017
MINE ECONOMICS
Objective Exam
Name: ______________________________ Hall Ticket No. A
Answer All Questions. All Questions Carry Equal Marks. Time: 20 Min. Marks: 10.
1. Accounting that deals with application of managerial economic concepts for decision making for the
efficient running of the business and thus in maximizing profits is [ ]
A) Financial Accounting B) Cost Accounting C) Management Accounting D) Tax Accounting
4. The accounting system based on scientific principle and is used universally by most of business
organizations is [ ]
A) Single B) Quad C) Triple D) Double
5. The books used to record non-cash transactions like credit sales, credit purchases, Sales Returns,
Purchase Returns are [ ]
A) Journal B) Ledger C) Cash book D) Book
6. Things that are resources owned by a company and which have future economic value that can be
measured and can be expressed in rupees [ ]
A) Liabilities B) Assets C) Reserves D) Forex
9. Type of accounting concerned with record keeping directed towards the preparation of Trial balance,
profit and loss account and balance sheet [ ]
A) Financial Accounting B)Cost Accounting C) Management Accounting D) Tax Accounting
Cont..2
Code No: 117FG :2: Set No. 2
11. The system of entry followed by sole proprietor, having total control on cash as well as on goods is
________________.
12. ___________ is used to record cash receipts and payments including receipts and Payments through
Bank.
13. _______________ contains a classified summary of all transactions recorded in cash book and journal.
14. A ___________ is typically an amount owed by a company to a supplier, bank, lender, or other provider
of goods, services, or loans.
15. Under _____________ of accounting entries are made only when cash is received or paid. No entry is
made when amount is due for receipts or payments.
16. Under _________________ of accounting business transactions are recorded as and when it take place
irrespectful of amount / cash received or paid. Income earned as well as expenses incurred are recorded
related to the Particular period.
18. In business or commerce, we deal with ____________________ type of interest on varying value of
money.
19. ___________________ may be defined as the process of recording, classifying, summarizing, analysing
and interpreting the financial transactions and communicating the results there of to the persons
interested in such information.
20. ______________ is the process of accounting for costs that shows classification and analysis of cost on
the basis of functions process, products etc. It also deals with cost computation, cost saving, cost
reduction etc.
-oOo-
Code No: 117FG Set No. 3
JAWAHARLAL NEHRU TECHNOLOGICAL UNIVERSITY HYDERABAD
IV B.Tech. I Sem., I Mid-Term Examinations, September - 2017
MINE ECONOMICS
Objective Exam
Name: ______________________________ Hall Ticket No. A
Answer All Questions. All Questions Carry Equal Marks. Time: 20 Min. Marks: 10.
2. The accounting system based on scientific principle and is used universally by most of business
organizations is [ ]
A) Single B) Quad C) Triple D) Double
3. The books used to record non-cash transactions like credit sales, credit purchases, Sales Returns,
Purchase Returns are [ ]
A) Journal B) Ledger C) Cash book D) Book
4. Things that are resources owned by a company and which have future economic value that can be
measured and can be expressed in rupees [ ]
A) Liabilities B) Assets C) Reserves D) Forex
7. Type of accounting concerned with record keeping directed towards the preparation of Trial balance,
profit and loss account and balance sheet [ ]
A) Financial Accounting B)Cost Accounting C) Management Accounting D) Tax Accounting
9. Accounting that deals with application of managerial economic concepts for decision making for the
efficient running of the business and thus in maximizing profits is [ ]
A) Financial Accounting B) Cost Accounting C) Management Accounting D) Tax Accounting
Cont..2
Code No: 117FG :2: Set No. 3
11. _______________ contains a classified summary of all transactions recorded in cash book and journal.
12. A ___________ is typically an amount owed by a company to a supplier, bank, lender, or other provider
of goods, services, or loans.
13. Under _____________ of accounting entries are made only when cash is received or paid. No entry is
made when amount is due for receipts or payments.
14. Under _________________ of accounting business transactions are recorded as and when it take place
irrespectful of amount / cash received or paid. Income earned as well as expenses incurred are recorded
related to the Particular period.
16. In business or commerce, we deal with ____________________ type of interest on varying value of
money.
17. ___________________ may be defined as the process of recording, classifying, summarizing, analysing
and interpreting the financial transactions and communicating the results there of to the persons
interested in such information.
18. ______________ is the process of accounting for costs that shows classification and analysis of cost on
the basis of functions process, products etc. It also deals with cost computation, cost saving, cost
reduction etc.
19. The system of entry followed by sole proprietor, having total control on cash as well as on goods is
________________.
20. ___________ is used to record cash receipts and payments including receipts and Payments through
Bank.
-oOo-
Code No: 117FG Set No. 4
JAWAHARLAL NEHRU TECHNOLOGICAL UNIVERSITY HYDERABAD
IV B.Tech. I Sem., I Mid-Term Examinations, September - 2017
MINE ECONOMICS
Objective Exam
Name: ______________________________ Hall Ticket No. A
Answer All Questions. All Questions Carry Equal Marks. Time: 20 Min. Marks: 10.
1. The books used to record non-cash transactions like credit sales, credit purchases, Sales Returns,
Purchase Returns are [ ]
A) Journal B) Ledger C) Cash book D) Book
2. Things that are resources owned by a company and which have future economic value that can be
measured and can be expressed in rupees [ ]
A) Liabilities B) Assets C) Reserves D) Forex
5. Type of accounting concerned with record keeping directed towards the preparation of Trial balance,
profit and loss account and balance sheet [ ]
A) Financial Accounting B)Cost Accounting C) Management Accounting D) Tax Accounting
7. Accounting that deals with application of managerial economic concepts for decision making for the
efficient running of the business and thus in maximizing profits is [ ]
A) Financial Accounting B) Cost Accounting C) Management Accounting D) Tax Accounting
10. The accounting system based on scientific principle and is used universally by most of business
organizations is [ ]
A) Single B) Quad C) Triple D) Double
Cont..2
Code No: 117FG :2: Set No. 4
11. Under _____________ of accounting entries are made only when cash is received or paid. No entry is
made when amount is due for receipts or payments.
12. Under _________________ of accounting business transactions are recorded as and when it take place
irrespectful of amount / cash received or paid. Income earned as well as expenses incurred are recorded
related to the Particular period.
14. In business or commerce, we deal with ____________________ type of interest on varying value of
money.
15. ___________________ may be defined as the process of recording, classifying, summarizing, analysing
and interpreting the financial transactions and communicating the results there of to the persons
interested in such information.
16. ______________ is the process of accounting for costs that shows classification and analysis of cost on
the basis of functions process, products etc. It also deals with cost computation, cost saving, cost
reduction etc.
17. The system of entry followed by sole proprietor, having total control on cash as well as on goods is
________________.
18. ___________ is used to record cash receipts and payments including receipts and Payments through
Bank.
19. _______________ contains a classified summary of all transactions recorded in cash book and journal.
20. A ___________ is typically an amount owed by a company to a supplier, bank, lender, or other provider
of goods, services, or loans.
-oOo-