PROFESSIONAL PRACTICE MANAGEMENT
Time Allotted : 3 Hours Full Marks : 70
The figures in the margin indicate full marks.
Candidates are required to give their answers in their own words
as far as practicable.
GROUP – A
( Multiple Choice Type Questions )
1. Answer any ten of the following : 10x1 = 10
A) Choose the correct alternatives for the following :
i) To constitute an agreement ……………… is true.
a) there must be at least two parties
b) there must be an “offer” from one party and
“acceptance” from the other party / parties
c) both (a) and (b) are true
d) none of these.
ii) Indemnity means
a) to deliver
b) to keep goods without payment
c) to compensate a loss suffered by another
d) revocation of an offer by another party.
iii) Capital is a/an
a) liability b) asset
c) income d) expense.
iv) ‘Debit the receiver, credit the giver’ is a rule of
a) real A/c b) personal A/c