KERALA ACCOUNT CODE
1. The Accountant General, Central Revenues also maintain a.........for central transactions which are posted from the final accounts of each year. :-Journal and Ledger
2. Proforma Accounts are maintained by the departmental authorities in such form as may be agreed upon between C & AG and......... concerned. :- Government
Expenditure incurred with the object of either increasing concrete assets of a material and permanent character or extinguishing or reducing recurring liabilities is classified as
ReplyDeleteA:-revenue expenditure
B:-voted expenditure
C:-charged expenditure
D:-capital expenditure
Correct Answer:- Option-D
Which among the following departments settle the claims against it through cheques?
ReplyDeleteA:-forest
B:-health services
C:-commercial taxes
D:-agriculture
Correct Answer:- Option-A
The transactions relating to the contingency fund of a state are recorded under which part of the Government accounts
ReplyDeleteA:-Part III
B:-Part I and III
C:-Part I
D:-Part II
Correct Answer:- Option-D
The travelling allowance of an officer paid from General Revenues when travelling on duty connected with a Local fund is charged to
ReplyDeleteA:-Local fund
B:-To the head of account from which he is drawing pay
C:-Local fund and government on 50:50 basis
D:-None of the above
Correct Answer:- Option-A
Tax collected by Government are classified under
ReplyDeleteA:-Contingency fund
B:-Revenue account
C:-Consolidated fund
D:-Public account
Correct Answer:- Option-C
Items of receipt or payment which cannot be at once be taken to a final head of receipt or charge may be temporarily held under which head?
ReplyDeleteA:-settlement head
B:-suspense head
C:-remittance head
D:-other receipts under revenue head to which it appears to belong
Correct Answer:- Option-B
The system of Government account is based on
ReplyDeleteA:-Cash based system
B:-Accrual based system
C:-Double entry system
D:-Zero balance system
Correct Answer:- Option-A
Items of receipt or payment which cannot be at once be taken to a final head of receipt or charge may be temporarily held under which head?
ReplyDeleteA:-settlement head
B:-suspense head
C:-remittance head
D:-other receipts under revenue head to which it appears to belong
Correct Answer:- Option-B
Who is responsible for maintenance of leave accounts of Gazetted officers of the State Government?
ReplyDeleteA:-The head of department concerned
B:-Head of office where the Gazetted officer is working
C:-The District Treasure officer
D:-The Accountant General (A & E)
Correct Answer:- Option-D
In Public Accounts the alphabet K denotes
ReplyDeleteA:-Deposits and Advances
B:-Remittance
C:-Reserve Funds
D:-Suspense and Miscellaneous
Correct Answer:- Option-A
The contingency fund of the state is intended for
ReplyDeleteA:-Disbursing pensionary benefits of employees
B:-Enabling advances for meeting unforeseen expenditure
C:-Implementation of developmental works in local Self Govt. Institutions
D:-Implementation of developmental activities at Govt. level
Correct Answer:- Option-B
ARTICLE.7A
The liability for the payment of Leave Salary and allowances in respect of E.L. surrendered by the State Govt. employees on
ReplyDeletedeputation to the Central Govt. is of the
A:-Central Govt.
B:-50% each by central and state govt.
C:-75% by central govt. and 25% by state govt.
D:-State Govt.
Correct Answer:- Option-D
Reduction of debt through sinking fund is called
ReplyDeleteA:-Amortisation
B:-Balancing
C:-Over draft
D:-Balancing
Correct Answer:- Option-A
All Govts. follow the same code upto which level
ReplyDeleteA:-Minor head
B:-Major head
C:-Detailed object head
D:-Object head
Correct Answer:- Option-A
_____________ keeps two separate accounts of cash transactions undertaken by it on behalf of the State Government and Central Government.
ReplyDeleteA:-Indian Bank
B:-State Bank
C:-Reserve Bank
D:-Bank of India
Correct Answer:- Option-C
The Accounts maintained by _____________ of Government to get the operation result is called Proforma Accounts.
ReplyDeleteA:-Finance Department
B:-Service Departments
C:-Commercial Undertakings
D:-Medical Departments
Correct Answer:- Option-C
The _____________ Department is a commercial department for Accounting purpose.
ReplyDeleteA:-Taxes
B:-Revenue
C:-Agriculture
D:-State Water Transport
Correct Answer:- Option-D
The _____________ _ of Government, kept in India shall be maintained in Indian Currency.
ReplyDeleteA:-Notes
B:-Accounts
C:-Deposits
D:-Assets
Correct Answer:- Option-B
The three main divisions of consolidated fund are (a) ____________ (b) Capital (c) Debt.
ReplyDeleteA:-Public debt
B:-Revenue
C:-Government debt
D:-Per capita debt
Correct Answer:- Option-B
The main _____________ in the government accounts shall be major head.
ReplyDeleteA:-Point of classification
B:-Object of classification
C:-System of classification
D:-Unit of classification
Correct Answer:- Option-D
The change of nomenclature of any of the existing heads shall require the approval of the _____________.
ReplyDeleteA:-Chief Minister
B:-C & AG
C:-Legislature
D:-None of the above
Correct Answer:- Option-B
The Indian Audit and Account Order was issued during _____________.
ReplyDeleteA:-1936
B:-1926
C:-1946
D:-1956
Correct Answer:- Option-A
____________ recovered on account of buildings by departments should be treated as revenue receipts of the department.
ReplyDeleteA:-Rates
B:-Taxes
C:-Depreciation
D:-Rent
__________ of Revenue shall be taken in reduction of the revenue receipts under the major head concerned.
ReplyDeleteA:-Collection
B:-Omission
C:-Remission
D:-Refunds
Correct Answer:- Option-D
When the cost of land was originally debited to __________ its sale proceeds should be credited to Capital Account.
ReplyDeleteA:-Expenditure
B:-Capital
C:-Revenue
D:-Real
Correct Answer:- Option-B
The Accounts maintained by Commercial undertakings of the Government to get the operation results is called __________.
ReplyDeleteA:-Commercial Accounts
B:-Final Accounts
C:-Ledger Accounts
D:-Proforma Accounts
Correct Answer:- Option-D
The State Water Transport Department is a ________ department for Accounting Purpose.
ReplyDeleteA:-Transport
B:-Service
C:-Commercial
D:-None of the above
Correct Answer:- Option-C
The accounts of the Government, kept in India shall be maintained in __________.
ReplyDeleteA:-Rupee
B:-Sterling
C:-Indian Currency
D:-None of the above
Correct Answer:- Option-C
The Government accounts shall be kept in _________ parts.
ReplyDeleteA:-Two
B:-Ten
C:-Four
D:-Three
Correct Answer:- Option-D
The three main divisions of consolidated fund are (i) Revenue (ii) Capital (iii) _______
ReplyDeleteA:-Deposits
B:-Cash
C:-Bank Balance
D:-Debt
Correct Answer:- Option-D
The main unit of classification in the accounts shall be ________.
ReplyDeleteA:-Account
B:-Major Head
C:-Detailed Head
D:-None of the above
Correct Answer:- Option-B
The change of nomenclature of any of the existing heads shall require the approval of the __________.
ReplyDeleteA:-Chief Minister
B:-Legislature
C:-C & AG
D:-None of the above
Correct Answer:- Option-C
The Indian Audit and Account order was issued during ___________.
ReplyDeleteA:-1946
B:-1947
C:-1936
D:-1935
Correct Answer:- Option-C
Expenditures on additions and improvements of a project are __________ Expenditure.
ReplyDeleteA:-Charged
B:-Capital
C:-Revenue
D:-None of the above
Correct Answer:- Option-C