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Archive for the ‘AAO’ Category

AAO Practices Paper | Economics Governance Questions for SSC CGL(Part-4)

AAO Practices Paper

Economics Governance Questions AAO Paper-4

Q161. What is the tenure of the office of Comptroller and Auditor General of India (CAG)?

(a) 5 years or age of 60, whichever is lower

(b) 6 years or age of 65, whichever is lower

(c) 4 years (more…)

Finance Accounting Notes For SSC CGL Tier-2 (AAO)

Finance Accounting Notes For SSC CGL Tier-2 (AAO)

Q121. Which of the following cost flow assumption methods of inventory valuation uses unique identification codes?

(A) FIFO assumption

(B) LIFO assumption

(C) AVCO assumption

(D) Specific identification assumption

Option: D.

Explanation: Specific identification is used to track (more…)

Financial Accounting SSC CGL Daily Test Paper 4: AAO

Financial Accounting SSC CGL Daily Test Paper 4: AAO

Q81. In the Bank reconciliation statement “Deposit in transit” is usually:

(A)  Subtracted from Bank balance

(B)  Added to bank balance

(C)  Added to cash balance

(D)  Subtracted from cash book balance

Option: B.

Explanation: A deposit in transit is cash and (more…)

Finance Question SSC CGL Daily Test Paper 4: AAO

Finance Question SSC CGL Daily Test Paper 4: AAO 

Q41. Creditors of a business may want to use the financial statements to:

(a) Be sure of an increasing share of the market

(b) Check that the business is making a profit

(c) Be sure that after-sales service (more…)

SSC CGL Tier 2 Paper 4 (General Study Accounts & Finance)

SSC CGL Tier 2 Paper 4 (General Study Accounts & Finance)

Q1. Listed in random order below are the balance sheet figures of Qalam Ltd as at 31 March 2006:

Trade receivables € 50,000

Trade payables € 30,000

Building € 90,000

Share capital € 100,000

Bank loan (more…)

SSC CGL Paper 4 ( Assistant Audit Officer) Questions | Tier 2

SSC CGL Paper 4 ( Assistant Audit Officer) Questions | Tier 2

Dear Aspirants,

Assistant Audit Officer (AAO) in CAG through SSC CGL Exam is one of the most sought after posts advertised from 2016 onward. This is the only gazetted post so (more…)

SSC CGL ( Paper 4 ) AAO |Important Questions/Solution| Tier 2

SSC CGL ( Paper 4 ) AAO |Important Questions/Solution| Tier 2

Dear Aspirants,

Paper-4 will be those Candidates who have applied for the post of Assistant Audit Officer (AAO) in SSC CGL Tier 2. In this post we are sharing some important questions (more…)

SSC CGL Tier 2 |Paper 4 | AAO Questions with Explanation

SSC CGL Tier 2 |Paper 4 | AAO Questions with Explanation

Q1. In single entry system of accounting:

(a)Dual aspects of a transaction is recorded

(b)Single aspect of a transaction is recorded

(c)Important transactions are recorded

(d)All of them

Answer: (b)

Single entry system is (more…)

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