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You Are On Multi Choice Question Bank SET 3282

164101. Mr. A entered in to a Contract with Mr. B for the sale of a building for Rs. 20 Lakhs. Before the execution date, the building collapsed due to earth quake. Then, the contract is:





164102. Nephew of Mr. X is missing. He gave a public promise that any one who can find the missing nephew and informing him will be paid an amount of Rs. 10,000. Mr. Y the servant of Mr. X, without knowing the promise, fetch the boy and handed over to Mr. X. Then, Mr. X refuses to pay the promised amount. In this case which of the following statement is correct?





164103. MBP stands for :





164104. Errors in totaling and balancing is an example of





164105. SAP stands for:





164106. Recording transactions in the ledger is called





164107. Which of the following is a direct expense?





164108. Unpaid salaries account is a— Account.





164109. Assets which loose their volume due to usage is calledAssets.





164110. When two persons make identical offer to each other, without having knowledge other’s offer, then it is case of:





164111. Consent is free when it is caused by :





164112. Mr. P agrees to pay Rs. 5,000 to Mr. S if it rains and Mr. S promise to pay Rs. 5,000 to if it docs not rain, this agreement is anexample of:





164113. General Offer can be accepted by :





164114. General Lien can be exercised by :





164115. Audit conducted by the employees of the organization is called :





164116. The first general meeting of a company is called :





164117. — Company is a company created by a special Act in Parliament.’





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