ANSARI

Dard' jeet jata hy

noreply@blogger.com (ANSARI) — Tue, 03 May 2011 17:26:00 +0000

Apny milte julte hain,
Sath sath chalte hain,
Sath sath chalne me,
Ranjishain to hoti hain,
Ranjishon me b lekin,
Chahatain to hoti hain,
Chahaton ki b her pal,
Ik ajab kahani hy,
Hont hanste rehte hain,
"Ankhain bheeg jati hain",
Bheegti nigahon me,
Khawab jalte bujhte hain,
Dard k safar me kuch,
Morr aisay aatay hain,
Khawab toot jate hain,
saath choot jate hain,
Kirchiyan uthane me,
Waqt beet jata hai,
Or 'Dard' jeet jata hy.

Emotional Beautiful Quran Recitation Al Haqqa

noreply@blogger.com (ANSARI) — Sat, 19 Jun 2010 04:21:00 +0000

Quran Recitation - Child

noreply@blogger.com (ANSARI) — Sat, 19 Jun 2010 03:52:00 +0000

young boy reciting quran like qari abdul basit-mashallah

noreply@blogger.com (ANSARI) — Sat, 19 Jun 2010 03:30:00 +0000

KAABA

noreply@blogger.com (ANSARI) — Fri, 18 Jun 2010 13:13:00 +0000

Miracle on earth معجزة في مكة المكرمة

noreply@blogger.com (ANSARI) — Fri, 18 Jun 2010 13:05:00 +0000

Broken Wall of Khana Kaba You must never seen Before Very Close View o...

noreply@blogger.com (ANSARI) — Fri, 18 Jun 2010 13:01:00 +0000

..Mera Her Lafz Rota Hai....

noreply@blogger.com (ANSARI) — Sun, 13 Jun 2010 12:35:00 +0000

Yehi wada lia tha na,
Hamesha khush hi rehna hai,
Lo dekho! dekh lo a k,
Meri ankhon ko dekho tum,
Ye kitni shokh lgti hain,
Mere honton ko dkho tm,
Hamesha muskuratay hain,
Koi b gham agr aya,
Use hans kr saha main ny,
Mery chahray ko dkho tm,
Hamesha pursakon ho ga,
Kia tha main ne jo tm se,
Wo wada kr dia pura,
Mgr ik bat hai pyare,
Kabi jo wakt mil jae,
To meri shayari parhna,
Tmhain mehsos tu ho ga,
Kahin talkhi bhara lehja,
Kahin pe sard sa lehja,
Kahen pe dard ki jheelain,
Kahen lahje ki krwahat,
Suno!
Main khush to hun lekin,
Mera Hr Lafz Rota Hai.

noreply@blogger.com (ANSARI) — Sun, 13 Jun 2010 12:16:00 +0000

Bhool jane ka hosla na hy na hoga
door reh k bhi tu juda na hy na hoga

tujh se mil kar or kisi se kiya milna
koi tere jesa na tha na hy na hoga

Financial Accounting MGT 101

noreply@blogger.com (ANSARI) — Sat, 20 Feb 2010 16:25:00 +0000

Loss on the sale of plant and machinery should be written off against:
Sales premium account
Depreciation fund account
Sales account
Plant and machinery
What will be the effect on accounting equation if cash is received from a tenant as office rent?
Select correct option:
Increase cash and decrease equity
Increase cash and increase equity
Decrease cash and increase equity
Decrease cash and increase dividends
If, Cost of machine = Rs.400, 000 Useful life = 5 years Residual value = Rs.25, 000 Sale price = Rs.40, 000 Rate of depreciation = 40% What will be book value of machine after four years using straight line method?
Select correct option:
Rs.35, 000
Rs.40, 000
Rs.55, 000
Rs.75, 000
Which transaction will cause the balance in Terry's Cash Book to be greater than his Bank Statement balance?
Select correct option:
A cheque is drawn but not yet presented at the bank for payment
The bank has not notified Terry about a dishonored cheque
A credit transfer into Terry's Bank Account
A cheque payment of Rs.101 is recorded in the Cash Book as Rs.110
Debit signifies:
Increase in Asset account
Decrease in liability account
Decrease in capital account
All of the given options
The basic accounting principle/concept according to which business record must be kept separate from the personal records of the owner is known as:
Select correct option:
Going-concern concept
Separate entity principle
Realization principle
Objectivity principle
Expenditure incurred in acquiring the patent right for the business is an example of:
Select correct option:
Revenue expenditure
Capital expenditure
Deferred revenue expenditure
Administrative expenditure
The amount charged to depreciation goes on declining in:
Select correct option:
Depreciation fixed method
Annuity method
Written-down value method
Straight line depreciation method
Net Profit = Income - _____________
Select correct option:
Liabilities
Assets
Expenses
Capital
A Debtor Control Account is a part of:
Double Entry book keeping system
Single entry book keeping system
Cash accounting system

All of the given options

If a business purchases machinery for Rs. 50,000 on 31st January 2008 having life for 10 years, this expense will be realized ________ under the concept of accrual accounting.
Only for the year 2008
Only for the last day of 10th year
Over 10 years
Nothing can be said about it
In an account if debit side > credit side, the balance is known as the:
Negative Balance
Debit balance
Positive Balance
Credit balance

1. Which of the following account balance is shown on debit side of Trial Balance?

a. Capital account

b. Sundry creditors account

c. Accounts payable account

d. Sundry debtors account

2. If cost of sales is Rs. 95,000, income from sales Rs. 200,000 and operating expenses Rs. 300,000. What will be net result?

a. Rs.195,000 Losses

b. Rs.195,000 Profits

c. Rs.105,000 Profits

d. Rs.105,000 Losses

3. In which of the following statement opening stock is shown?

a. Profit and loss account

b. Balance sheet

c. Cash flow statement

d. Owner’s equity

4. Working capital Rs. 20,000, Current liabilities Rs. 30,000 and fixed assets Rs. 100,000; calculate current assets?

a. Rs. 10,000

b. Rs. 50,000

c. Rs. 110,000

d. Rs. 120,000

5. Which of the following content(s) is (are) included in the Cost of goods sold?

a. Opening stock

b. Purchases

c. Freight in

d. All of the given options

6. Which of the following Organization converts raw material into finished goods?

a. Trading concern

b. Manufacturing concern

c. Merchandising concern

d. Service concern

7. Which of the following is an example of direct materials cost?

a. Production worker’s wages

b. Depreciation expenses

c. A piece of wood for the production of chair

d. Polish and finishing material for chair

9. What would be the value of Total Factory Cost, if cost of raw materials, direct labor costs, and manufacturing overhead costs are Rs.80,000, Rs.50,000, and Rs.60,000 respectively?

a. Rs.130, 000

b. Rs.110, 000

c. Rs.140, 000

d. Rs.190, 000

10. Which of the following assets are shown at written down value in Balance Sheet?

a. Current assets

b. Liquid assets

c. Floating assets

d. Fixed assets

11. An asset cost Rs. 50,000, has an estimated residual value of Rs.1, 500, and an estimated useful life of 5 years. What is the depreciation rate?

a. 20.0%

b. 25.0%

c. 35.5%

d. 50.4 %

12. Calculate depreciation of machine after first year by using diminishing balance method with the help of given data?

If, Cost of machine = Rs.400, 000

Useful life = 5 years

Residual value = Rs.25, 000

Sale price = Rs.40, 000

Rate of depreciation = 40%

a. Rs. 160,000

b. Rs. 11,840

c. Rs. 34,560

d. Rs. 34,860

13. Which one of the following is INCORRECT about closing Stock?

a. It is added into current assets

b. It is deducted from material available for use

c. It becomes opening stock of next year

d. It increases the owner’s equity of business

14. In the cost of goods sold statement, Cost of direct material consumed + Direct Labor ___________

a. Conversion cost

b. Prime cost

c. Total factory cost

d. Cost of goods manufactured

15. The total of all costs incurred to convert raw material into finished goods is known as:

a. Prime cost

b. Conversion cost

c. Sunk cost

d. Opportunity cost

16. In cost of goods sold statement the ‘total factory cost’ is equal to:

a. Cost of material consumed + Labor cost

b. Cost of material consumed + Conversion cost

c. Cost of material consumed + Total factory cost

d. Cost of material consumed + Factory overhead

17. Which of the following is (are) inventory valuation method(s)?

a. FIFO

b. LIFO

c. Weighted average

d. All of the given options

18. The cost of an incomplete fixed asset is transferred to _________ as on Balance Sheet date.

a. Capital account

b. Capital work in progress account

c. Relevant asset account

d. Owner's equity account

19. Under the straight line method of depreciation:

a. Amount of depreciation increases every year

b. Amount of depreciation remains constant for every year

c. Amount of depreciation decreases every year

d. None of the given options

20. Which of the following asset is NOT depreciated?

a. Factory Buildings

b. Office Equipment

c. Land

d. Plant & Machinery

Particulars	Rs.
Opening written down value of machine	1,00,000
Cost of new machine purchased during the year	50,000
Depreciation during the year	21,000
Closing written down value (WDV)	?

► Rs. 1, 29,000

► Rs. 1, 50,000

► Rs. 1, 21,000

► Rs. 71,000

Find out the missing value of an Accounting Equation with the help of given data:

Owner’s equity	Rs. 22,500
Total Liabilities	Rs. 80, 385
Cash in hand	Rs. 1,000
Cash at bank	Rs. 2,000
Debtors	Rs. 500

► Rs. 1, 02,885 other assets

► Rs. 1, 02,885 other liabilities

► Rs. 99,885 current liabilities

► Rs. 99,385 other assets

Bank Reconciliation Statement is prepared by:

► Bankers

► Accountant of the business

► Statutory auditor

► Manger

Bank Reconciliation Statement is:

► A memorandum statement

► A ledger account

► A part of cash book

► A part of journal

Expenditures incurred anually on renewal of patent are known as:

► Revenue Expenditures

► Capital Expenditures

► Financial Expenditures

► Operating Expenditures

Particulars	Rs.
Opening stock of raw material	100,000
Closing stock of raw material	85,000
Purchases of raw material during the period	200, 000
Cost of Material Consumed	?

► Rs. 205,000

► Rs. 215,000

► Rs. 220,000

► Rs. 225,000

Cost of asset	Rs. 1,00,000
Life of asset	5 years
Depreciation for the each year	Rs. 5,000
Sale price after 5 years	Rs.15,000
Written Down Value of Asset on 5^th year	Rs. 75,000
Profit or loss on disposal of fixed asset	?

► Rs. 60,000 loss

► Rs. 75,000 profit

► Rs. 25,000 loss

► Rs. 1, 00,000 profit

Which of the following account will be credited, when the goods are purchased on cash?

► Stock account

► Cash account

► Supplier account

► Work in process account

If the cost of sales is Rs. 60,000, sales are Rs. 95,000 and operating expenses are Rs. 20,000 during the year, what would be the value of Gross Profit?

► Rs. 15,000

► Rs. 35,000

► Rs. 55,000

► Rs. 60,000

If the cost of sales is Rs. 60,000, sales are Rs. 95,000 and operating expenses are Rs.20,000 during the year. What would be the Net Profit?

► Rs.15,000

► Rs. 35,000

► Rs. 55,000

► Rs. 60,000

Which of the following account balance will be shown on debit side of Trial Balance? (It is assumed that all account balances are shown on normal balance).

► Capital account

► Sundry creditors account

► Accounts payable account

► Cash account

The amount of salary paid to Mr. Sohail should be debited to:

► Mr. Sohail account

► Salaries account

► Cash account

► Drawings account

Which of the following account will be credited, if business bought goods on credit from Mr. Ali?

► Purchases account

► Mr. Ali account

► Cash account

► Sales account

The unfavorable balance of Profit and Loss account should be:

► Added in liabilities

► Subtracted from current assets

► Subtracted from liabilities

► Subtracted from capital

Which of the following is NOT an example of Current Asset?

► Bank Overdraft

► Accounts Receivable

► Notes Receivable

► Prepaid Expenses

Which one of the following is NOT prepared by Non profit organizations?

► Profit & Loss account

► Income & Expenditure account

► Receipts & Payments account

► Balance Sheet

An informal accounting statement that lists the ledger account balances at a point in time and compares the total of debit balances with the total of credit balances is known as:

► Income Statement

► Balance Sheet

► Trial Balance

► Cash Book

Documentary evidence, in a specific format used to record the details of a transaction is known as:

► Account

► Voucher

► Journal

► Ledger

A summarized record of transactions related to individuals or things is called a/an ___________.

► Account

► Voucher

► Journal

► Trial balance

When a Liability is reduced or decreased, it is recorded on the:

► Right or debit side of the account

► Left or debit side of the account

► Left or credit side of the account

► Right or credit side of the account

What will be the effect on accounting equation, when payment is made to the creditor of the business?

► Decrease in an asset, decrease in a liability

► Increase in an asset, increase in a liability

► Decrease in an asset, decrease in owner's equity

► Increase in an asset, increase in owner's equity

Commercial Accounting is based on:

► Single entry book keeping

► Double entry book keeping

► Both single and double entry book keeping

► Cash basis of book keeping

Cost incurred for the maintenance of shop is considered as _________.

► Deferred expense

► Capital expense

► Revenue expense

► Preliminary expense

Mr.” A” sold goods for Rs. 3, 00,000 to Mr. “B”, Rs. 3, 00,000 will be treated as _____________ for business.

► Revenue

► Net profit

► Gross profit

► Operating profit

Double entry accounting system includes:

► Accrual accounting only

► Cash accounting only

► Both cash and accrual accounting

► None of the given options

Which of the following financial statement shows the financial health of an Organization at a stated period of time?

► Balance sheet

► Trading and Profit & Loss account

► Cash Flow statement

► Statement of retained earnings

The records that are kept for the individual asset, liability, equity, revenue, expense, and dividend components are known as:

► Accounts

► Vouchers

► Journals

► Statements

Revenue should be recognized or recorded when the goods are sold or services are rendered to the customer, this concept is known as:

► Consistency concept

► Realization Concept

► Materiality concept

► Matching concept

A record maintained which is measurable in the form of money, this concept of accounting is known as:

► Matching concept

► Consistency concept

► Money measurement concept

► Materiality concept

The cost of goods and services used up in the process of obtaining revenue is known as:

► Revenue

► Expense

► Liability

► Expenditure

Which of the following is an accounting system in which events are recorded as and when they occur?

► Cash Accounting

► Accrual Accounting

► Both Accrual Accounting and Cash Accounting

► None of the above

Recording of all financial transactions undertaken by an individual or organization is known as:

► Summarizing

► Book-keeping

► Classification

► Interpreting

Any cheque drawn to creditor but not paid by bank will effect as follows:

► Cash book will show less balance & bank book will show more

► Cash book will show more balance & bank book will show less

► Cash book will show double balance

► Bank book will show double balance

If no distribution is made between capital and revenue expenditure then:

► The figure of debtors and creditors will be incorrect

► Cash or bank figure will be incorrect

► Net profit will be incorrect

► Balance sheet will not balance

The Policy for charging depreciation is selected by:

► Manufacturer

► Trader

► Management

► Accountant

The estimated value at which an asset is expected to be sold after the end of its useful life is called:

► Residual value

► Salvage Value

► Scrap Value

► All of the given options

Mr. “A” borrowed money from bank; this transaction involves which one of the following accounts:

► Cash & Mr. A

► Bank & Mr. A

► Drawing & Mr. A

► Cash & Bank

The beginning balance of Owner’s Equity was Rs.7,500. The dividends paid to stockholders were Rs.1,500. The ending balance of Owner’s Equity is Rs.5,000. What was the Net Income or Net Loss for the accounting period?

► Net Loss of Rs. 1,000

► Net Income of Rs. 1,000

► Net Loss of Rs. 3,000

► Net Income of Rs. 3,000

A company sold Rs. 400,000 of merchandise for cash and Rs.120,000 of merchandise to credit customers who will pay for the merchandise in a later time period. How much revenue should be reported on the income statement of the current time period under Cash Basis of Accounting?

► Rs. 280,000

► Rs. 520,000

► Rs. 400,000

► Rs. 120,000

Which one of the following statement is wrong about Current liabilities?

► These are due within one year

► These are short-term loans

► A vague term for loans to be repaid by an enterprise after twelve months

► In working capital, these are deducted from assets

Particulars	Rs.
Opening written down value of machine	3,00,000
Cost of machine purchased during the year	50,000
Depreciation during the year	9,000
closing written down value (WDV) of the Machine	?

Opening + cost of machine during year – depreciation during year

3,00,000 + 50,000 – 9,000

► Rs. 3, 41,000

► Rs. 3, 50,000

► Rs. 3, 59,000

► Rs. 59,000

Particulars	Rs.
Opening written down value of machine	Rs. 2,00,000
Cost of new machine purchased during the year	Rs. 50,000
Depreciation during the year	Rs. 25,000
Closing written down value (WDV) of machines	?

Opening + cost of machine during year – depreciation during year

2,00,000 + 50,000 – 25,000

► Rs. 2, 25,000

► Rs. 2, 50,000

► Rs. 2, 75,000

► Rs. 75,000

Consider the following data:

Particulars	Rs.
Assets	1,98,000
Owner's equity	95,000
Liabilities	?

► Rs. 49,000

► Rs. 55,000

► Rs. 1, 25,000

► Rs. 1, 03,000

Find out the missing value of an Accounting Equation with the help of given data:

Cash	Rs. 22,500
Debtors	Rs. 500
Total Assets	Rs. 80, 385
Accounts payable	Rs. 1,000
Total liabilities	Rs. 20,000

► Rs. 60,385 owner’s equity

► Rs. 61,385 owner’s equity

► Rs. 99,885 owner’s equity

► Rs. 99,385 owner’s equity

Find out the missing value of an Accounting Equation with the help of given data:

Furniture	Rs. 90,000
Cash	Rs.1, 00, 000
Debtors	Rs.10, 000
Other Assets	Rs. 1,000
Owner’s equity	Rs. 90, 000

► Rs. 2, 01,000 liabilities

► Rs. 1, 11, 000 liabilities

► Rs. 2, 90, 000 liabilities

► Rs. 2, 91, 000 liabilities

When the process of production is completed, all the costs must be charged to:

► Raw material account

► Work in process account

► Finished goods account

► Merchandise account

Which of the following assets are shown at written down value in balance sheet?

► Current assets

► Liquid assets

► Floating assets

► Fixed assets

Which of the following asset is NOT depreciated?

► Factory Buildings

► Office Equipment

► Plant & Machinery

► Land

The main goal of Bank Reconciliation Statement is to determine:

► If the discrepancy is due to error rather than timing

► If the discrepancy is due to timing rather than error

► If the discrepancy is due to error rather than amount

► If the discrepancy is due to amount rather than timing

Sale proceeds of goods are an example of:

► Revenue expense

► Capital expense

► Capital receipt

► Revenue receipt

Which one of the following is NOT true about revenue expenditure?

► These are the running expenses of the business

► They improve the financial position of the business

► They reduce the profit of the concern

► They do not appear in the balance sheet

Beginning inventory	10 units @ Rs. 10 per unit
First purchase	35 units @ Rs. 11 per unit
Second purchase	40 units @ Rs. 12 per unit
Third purchase	20 units @ Rs. 13 per unit

Eighty units were sold, what is the value of the ending inventory using the FIFO method of inventory costing?

► Rs.260

► Rs.232

► Rs.284

► Rs.320

Date	Item	Quantity	Cost/Unit Rs.	Total Rs.
Jan. 2	Beginning inventory	10	10	100
Mar. 4	Purchase	35	11	385
May 8	Purchase	40	12	480
Nov. 3	Purchase	20	13	260
De31	Merchandise available	105		1,225

80 units were sold, Use the FIFO method of inventory costing and determine the cost of goods sold.

► Rs. 1,225

► Rs. 1,015

► Rs. 965

► Rs. 905

If, Cost of machine = Rs.400, 000

Useful life = 5 years

Rate of depreciation= 40%

The book value of machine after one years using diminishing balance method is ?

► Rs.86, 400

► Rs. 1, 44,000

► Rs. 2, 40,000

► Rs. 51,840

Question No: 15 ( Marks: 1 ) - Please choose one

Cost of asset	Rs. 1,00,000
Life of asset	5 years
Depreciation for each year	Rs. 5,000
Sale price after 5 years	Rs.50,000
Book value of Asset after 5 years	?

► Rs.25, 000

► Rs. 75,000

► Rs. 15,000

► Rs. 1, 00,000

Cost of asset	Rs. 1,00,000
Life of asset	5 years
Depreciation for each year	Rs. 5,000
Sale price after 5 years	Rs.50,000
Written down value of asset on 5^th year	Rs.75,000
profit or loss on disposal of fixed assets	?

► Rs.25, 000 loss

► Rs. 75,000 loss

► Rs. 15,000 profit

► Rs. 1, 00,000 profit

Cost of asset	Rs. 1,00,000
Life of asset	5 years
Depreciation for the each year	Rs. 5,000
Sale price after 5 years	Rs.15,000
Written Down Value of Asset on 5^th year	Rs. 75,000
Profit or loss on disposal of fixed asset	?

► Rs. 60,000 loss

► Rs. 75,000 profit

► Rs. 25,000 loss

► Rs. 1, 00,000 profit

The total of all costs incurred to convert raw material into finished goods is known as:

► Prime cost

► Conversion cost

► Sunk cost

► Opportunity cost

Which of the following is an example of direct materials cost?

► Polish and finishing material for chair

► A piece of wood for the production of chair

► Production worker’s wages

► Depreciation expenses

If the working capital and the current assets of company XYZ are Rs. 5,000 and Rs.15,000 respectively, calculate the current liabilities.

► Rs. 5,000

► Rs. 10,000

► Rs. 15,000

► Rs. 20,000

Which of the following item appears in Trading Account of a business?

► Interest expenses

► Wages and salaries

► Depreciation expenses

► Discount Allowed

Which of the following is an alternate term which can be used for “Capital”?

► Liability

► Owner’s net worth

► Working capital

► Asset

Which of the following financial statement DO NOT show the financial health of a business at a specific date?

► Profit and loss account

► Balance sheet

► Statement of financial position

► All of the given options

If cost of sales is Rs. 95,000, sales are Rs. 200,000 and operating expenses are Rs. 100,000. What will be the net result?

► Rs. 5,000 Loss

► Rs. 5, 000 Profit

► Rs.1, 95,000 Profit

► Rs.1, 95,000 Loss

Which of the following account balance will be shown on debit side of Trial Balance? (It is assumed that all account balances are shown on normal balance)

► Cash account

► Furniture account

► Vehicle account

► All of the given options

Which of the following account balance will be shown on debit side of Trial Balance? (It is assumed that all account balances are shown on normal balance).

► Capital account

► Sundry creditors account

► Accounts payable account

► Cash account

Which of the following journal entry will be recorded, if the payment of furniture purchased is made through cheque?

► Furniture account (Dr) and Bank account (Cr)

► Furniture account (Dr) and Profit & Loss account (Cr)

► Furniture account (Dr) and Cash account (Cr)

► Cash account (Dr) and Furniture account (Cr)

Which one of the following statement is CORRECT about Long term liabilities?

► These are due within one year

► These are consist of all debts, payable after 12 months

► In working capital, these are deducted from current assets

► All of the given options

What type of expenses are paid out of Gross Profit?

► Selling Expenses

► General Expenses

► Financial Expenses

► All of the given options

While making Income & Expenditure account, Excess of income over expenses in a specified accounting period is called:

► Deficit

► Surplus

► Profit

► Loss

Which one of the following is NOT prepared by Non profit organizations?

► Profit & Loss account

► Income & Expenditure account

► Receipts & Payments account

► Balance Sheet

Which of the following financial statement summarizes the profitability of an organization for a particular period?

► Trading and Profit & Loss account

► Cash Flow Statement

► Statement of Retained Earnings

► Balance Sheet

Which of the following period is known as a fiscal Year of the Government of Pakistan?

► 1^st January to 31^st December

► 1^st June to 31^st May

► 1^st July to 30^th June

► 1^st October to 30^th September

What would be the affect on the components of the accounting equation, if goods are purchased on cash?

► Increase in cash and decrease in equity

► Increase in cash and increase in goods

► Increase in goods and decrease in cash

► Increase in equipment and increase in equity

Obligations to pay cash or un-earned incomes by the business are the:

► Assets

► Liabilities

► Equities

► Expenses

Commercial Accounting is based on:

► Single entry book keeping

► Double entry book keeping

► Both single and double entry book keeping

► Cash basis of book keeping

Word “Credit” is derived from ______ language.

► Latin

► English

► French

► Chinese

The basic accounting principle/concept according to which Business is independent from its owner(s) is known as:

► Separate Entity Concept

► Matching Concept

► Going Concern Concept

► Materiality Concept

Double entry accounting system includes:

► Accrual accounting only

► Cash accounting only

► Both cash and accrual accounting

► None of the given options

Debenture is also named as:

► Share

► Bond

► Equity

► Reserve

Capital is also termed as__________________.

► Reserve Capital

► Bond Capital

► Share Capital

► None of the given options

How many types of reservers?

► Two

► Three

► Four

► Five

"Goods sold to Mr. Salman for Rs. 6,000 have been forgotten to enter in books of accounts", is an example of:

► Error of principle

► Error of omission

► Error of commission

► Error of original entry

Transaction that has been completely forgotten to enter is called:

► Error of principle

► Error of omission

► Error of commission

► Error of original entry

An accounting system is used by a business to:

_ Analyze transactions

_ Handle routine book-keeping tasks

_ Classify and summarize financial information

_ All of the given options

The assets which have a limited useful life are termed as:

_ Limited assets

_ Depreciateable assets

_ Unlimited assets

_ None of the given options

Accountancy covers which of the following area(s):

_ Book-keeping

_ Accounting

_ Auditing

_ All of the given options

If a business pays rent in advance for 12 months, it will be treated as:

_ Prepaid expenses of business

_ Long term liability of business

_ Fixed assets of business

_ Current liability of business

Which of the following transaction have NO affect on stockholders' equity?

_ Purchase of land on credit

_ Dividends to stockholders

_ Net loss

_ Investment in cash by stockholders

Which of the following account balance is shown on credit side of Trial Balance? (It is assumed that all account balances are shown on normal balance)

_ Cash account

_ Furniture account

_ Vehicle account

_ Capital account

If you start with cash book balance (Dr.), which of the following item will be deducted in Bank Reconciliation Statement?

_ Any cheque drawn to creditor but not paid by bank

_ Interest credited by the bank in pass book

_ Cheque deposited but not credited by the bank

_ Dividend collected by bank on behalf of the customer

The cost of moving plant and machinery to a new site will be treated as:

_ Revenue expense

_ Capital expense

_ Administrative expense

_ Operating expense

Which one of the following is NOT true about Capital Expenditure?

_ Creates future benefits

_ Incurred to acquire fixed assets

_ Incurred to increase the economic life of existing fixed assets

_ Reduce the profit of the concern

80 units were sold, Use the FIFO method of inventory costing and determine the cost of goods sold.

_ Rs. 1,225

_ Rs. 1,015

_ Rs. 965

_ Rs. 905

If, Cost of machine = Rs.400, 000

Useful life = 5 years

Residual value = Rs.25, 000

The depreciation of machine per year using straight line method is?

= 400,000-25000 / 5 = 75000

_ Rs. 160,000

_ Rs. 96,000

_ Rs. 75,000

_ Rs. 57,600

A decrease in value of a fixed asset due to age, wear and tear is known as:

_ Depreciation

_ Accumulated Depreciation

_ Appreciation

_ Written Down Value

In balance sheet fixed assets are shown at:

_ Cost price

_ Market value

_ Fair value

_ Written down value (WDV)

1 ) - Please choose one

Particulars Rs.

Direct materials costs 80,000

Direct labor costs 50,000

Manufacturing overhead costs 60,000

Prime cost = dm + dl 130000

_ Rs.1 Rs.130, 000

_ Rs.110, 000

_ Rs.140, 000

_ Rs.190, 000

What would be the value of 'cost of goods manufactured' if the total factory cost of the month is Rs. 6,000, opening work in process is Rs. 2,000 and the closing work in process is Rs. 2,500?

_ Rs. 5,500

_ Rs. 8,000

_ Rs. 4,500

_ Rs. 8,500

Following are the inventories of Manufacturing Concern EXCEPT:

_ Raw material

_ Work in process

_ Finished goods

_ Merchandise inventory

The return of goods by a customer should be debited to:

_ Customer’s account

_ Sales return account

_ Goods account

_ Accounts receivable

Which of the following account will be credited in the books of ABC Co. Ltd., if furniture is purchased on cash?

_ Furniture account

_ Cash account

_ Business account

_ Bank account

Which of the following account will be credited, If Mr. “A” started business with cash Rs. 2, 00,000?

_ Capital account

_ Cash account

_ Mr. A’s account

_ Business account

Which of the following journal entry will be recorded, if the goods are sold on credit to Mr. 'B'?

_ Mr. “B” / Accounts Receivable account (Dr) and Sales account (Cr)

_ Cash account (Dr) and sales account (Cr)

_ Sales account (Dr) and Mr. B / Accounts Receivable account (Cr)

_ Goods Sold account (Dr) and Mr. B / Accounts Receivable account (Cr)

Which of the following is NOT an item of a Balance Sheet?

_ Accounts Receivable

_ Accounts Payable

_ Sales Revenue

_ Marketable Securities

Accounts Receivable & Inventory are the examples of:

_ Liquid assets

_ Current assets

_ Fixed assets

_ Capital assets

Which of the following shows summary of a company's financial position at a specific date?

_ Profit & Loss Account

_ Cash Flow Statement

_ Balance Sheet

_ Income & Expenditure Account

Which of the following summarizes the cash movements during a specified period?

_ Trading account

_ Profit & Loss account

_ Receipts & Payments account

_ Balance Sheet

Which of the following financial statement summarizes the profitability of an organization for a particular period?

_ Balance Sheet

_ Trading and Profit & Loss account

_ Cash Flow Statement

_ Statement of Retained Earnings

In an account, if credit side <>

_ Negative Balance

_ Debit Balance

_ Positive Balance

_ Credit Balance

Which of the following is used to record financial transactions in chronological (day-to-day) order?

_ Voucher

_ General Journal

_ General Ledger

_ Trial balance

When a Liability is reduced or decreased, it is recorded on the:

_ Right or debit side of the account

_ Left or debit side of the account

_ Left or credit side of the account

_ Right or credit side of the account

What is the nature of an expense account?

_ Debit

_ Credit

_ Revenue

_ None of the given options

Economic resources owned by a business and expected to benefit for the future operations are called:

_ Expenses

_ Assets

_ Capital

_ Liabilities

Assets total Rs.50, 000 and Liabilities total Rs.10, 000. What is the equity of the business?

_ Rs. 40, 000

_ Rs. 60, 000

_ Rs. 10,000

_ Rs. 50,000

An expense incurred by the business for the purchase of land & building is an example of:

_ Capital Expense

_ Revenue Expense

_ Deferred Expense

_ Preliminary Expense

Which of the following is non- profit organization?

_ Sole proprietorship

_ Partnership

_ Limited company

_ Trust

The area of accounting concerned with reporting financial information to the interested parties is called:

_ Cost Accounting

_ Financial Accounting

_ Management Accounting

_ Tax Accounting

Find out the missing value of an Accounting Equation with the help of given data:

Cash Rs.1, 00, 000

Debtors Rs.10, 000

Other Assets Rs. 1,000

Owner’s equity Rs. 1, 000

► Rs. 12,000 liabilities

► Rs. 11,000 liabilities

► Rs. 1, 10,000 liabilities

► Rs. 1, 11,000 liabilities

Beginning inventory 10 units @ Rs. 10 per unit

First purchase 35 units @ Rs. 11 per unit

Second purchase 40 units @ Rs. 12 per unit

Third purchase 20 units @ Rs. 13 per unit

Eighty units were sold, what is the value of the ending inventory using the FIFO method of inventory costing?

► Rs.260

► Rs.232

► Rs.284

► Rs.320

Following are the inventories of Manufacturing Concern EXCEPT:

► Raw material

► Work in process

► Finished goods

► Merchandise inventory

Which of the following is an alternate term which can be used for “Capital”?

► Liability

► Owner’s net worth

► Working capital

► Asset

In which of the following condition a company will have positive working capital?

► If current assets > current liabilities

► If current Assets <>

► If current assets = current liabilities

► If current assets < current liabilities

If salaries expense is Rs. 2,500, purchases are Rs. 16,000 and rent (office building) is Rs. 300 during the year, what would be the total of "general & administrative expenses"?

► Rs. 300

► Rs. 2,500

► Rs. 2,800

► Rs.18, 800

The amount brought by the proprietor in the business should be credited to:

► Cash account

► Capital account

► Drawings account

► Proprietor account

An asset on the balance sheet which is expected to be sold or used within one year is known as:

► Tangible asset

► Current asset

► Fixed asset

► Long term asset

Which one of the following is a type of General Ledger?

► Book of original entry

► ‘T’ Account

► Source document

► Day book

According to the double entry system of book keeping, the investment of Rs.10, 000 in the business made by the owner will effect:

► Cash & Capital Account

► Cash & Expense Account

► Capital & Revenue Account

► Capital & Expense Account

Mr.” A” sold goods for Rs. 3, 00,000 to Mr. “B”, Rs. 3, 00,000 will be treated as _____________ for business.

► Revenue

► Net profit

► Gross profit

► Operating profit

when income exceeds expenses in a specific time period is known as:

► Savings

► Net profit

► Gross profit

► Operating profit

In which of the following condition(s) DEBT is regarded as BAD.

► Bankruptcy of the debtor

► Disappearance of debtor’s business

► Failure of repeated attempt to collect the debt

► All of the given options

Which of the following is CORRECT for Doubtful Debt?

► It is shown in balance sheet

► It is a definite loss to the business

► It is not shown in balance sheet

► No provision is necessary for it

The following balance and discrepancies were found on 31 March 2008:

Particulars Rs.

Cash book balance (Dr) 5 000

Unpresented cheques 1 000

Uncredited cheques 500

The Bank Statement balance on 31 March 2008 should be:

► Rs. 5 500 (Dr)

► Rs. 5 500 (Cr)

► Rs. 4 500 (Dr)

► Rs. 4 500 (Cr)

Following information are extracted from books of Mr. XYZ

Particulars Rs.

Closing value of stock 40,000

Write off Bad debts (given in adjustments) 2,400

Sundry Debtors (given in trial balance) 33,200

Provision is created on Debtors at 10%

Identify the Total amount deducted from Sundry debtors.

► Rs. 460

► Rs. 2,400

► Rs. 3,080

► Rs. 5,480

Consider the following data and identify the amount which will be deducted from Sundry Debtors in Balance Sheet.

Particulars Rs.

Bad debts (from trial balance) 1,600

Provision for doubtful debts (old) 2,000

Current year’s provision (new) 1,000

► Rs. 600

► Rs. 1,000

► Rs. 2,000

► Rs. 2,600

Net Profit + Expenses= _________

► Liabilities

► Assets

► Capital

Income

The allocation of the cost of a tangible plant asset to expense in the periods, in which services are received from the asset, is termed as:

► Appreciation

è Depreciation

► Fluctuation

► None of the given options

The basic purpose of depreciation is to achieve the:

► Matching principle

è Dual aspect principle

► Separate entity concept

► Money measurement concept

If a business pays rent in advance for 12 months, it will be treated as:

è Prepaid expenses of business

► Long term liability of business

► Fixed assets of business

► Current liability of business

Cash book is a part of:

► Voucher

► General Journal

► General Ledger

è Trial Balance

Bank Reconciliation Statement is:

è A memorandum statement

► A ledger account

► A part of cash book

► A part of journal

If you start with cash book balance (Dr.), which of the following item will be deducted in Bank Reconciliation Statement?

► Any cheque drawn to creditor but not paid by bank

► Interest credited by the bank in pass book

è Cheque deposited but not credited by the bank

► Dividend collected by bank on behalf of the customer

Consider the following inventory record:

Date Item Quantity Cost/Unit Total

2007Jan. 2 Opening inventory 100 Rs.18.00 Rs.1,800

Mar. 4 Purchase 400 19.00 7,600

May 8 Purchase 800 20.00 16,000

Nov. 3 Purchase 500 21.00 10,500

Four hundred units are unsold, Use the FIFO method of inventory costing and determine the value assigned to the 400 units on hand at the end of the period.

è Rs.7, 500

► Rs.7, 978

► Rs.8, 000

► Rs.8, 400

Beginning inventory 10 units @ Rs. 10 per unit

First purchase 35 units @ Rs. 11 per unit

Second purchase 40 units @ Rs. 12 per unit

Third purchase 20 units @ Rs. 13 per unit

Eighty units were sold, what is the value of the ending inventory using the FIFO method of inventory costing?

► Rs.260

► Rs.232

► Rs.284

è Rs.320

The amount of depreciation charged on machinery will be debited to:

► Machinery account

è Depreciation account

► Cash account

► Capital account

In cost of goods sold statement the ‘total factory cost’ is equal to:

► Cost of material consumed + Labor cost

► Cost of material consumed + Conversion cost

► Cost of material consumed + Total factory cost

è Cost of material consumed + Factory overhead

Which of the following organization converts raw material into finished goods?

► Trading concern

è Manufacturing concern

► Merchandising concern

► Service concern

Which of the following item appears in Trading Account of a business?

► Interest expenses

è Wages and salaries

► Depreciation expenses

► Discount Allowed

Which of the following is an alternate term which can be used for “Capital”?

► Liability

È Owner’s net worth

► Working capital

► Asset

If salaries expense is Rs. 2,500, purchases are Rs. 16,000 and rent (office building) is Rs. 300 during the year, what would be the total of "general & administrative expenses"?

► Rs. 300

► Rs. 2,500

è Rs. 2,800

► Rs.18, 800

Which of the following account balance will be shown on debit side of Trial Balance? (It is assumed that all account balances are shown on normal balance).

► Capital account

► Sundry creditors account

► Accounts payable account

è Cash account

The amount brought by the proprietor in the business should be credited to:

► Cash account

è Capital account

► Drawings account

► Proprietor account

Which of the following account will be credited, if business sold goods for Rs.10,000 on credit?

► Cash account

è Sales account

► Accounts receivable account

► Purchases account

Which of the following account will be credited, if business purchased a vehicle on cash?

► Vehicle account

è Cash account

► Business account

► Bank account

Which of the following journal entry will be recorded, if the goods are sold on credit to Mr. 'B'?

è Mr. “B” / Accounts Receivable account (Dr) and Sales account (Cr)

► Cash account (Dr) and sales account (Cr)

► Sales account (Dr) and Mr. B / Accounts Receivable account (Cr)

► Goods Sold account (Dr) and Mr. B / Accounts Receivable account (Cr)

Accrued expenses are the example of:

è Current liabilities

► Long term liabilities

► Deferred costs

Which of the following is / are the particular/s of a cash book? (1) Date of transaction (2) Account title (3) Amount

Select correct option:

1 only

1 & 2 only

1 & 3 only

1, 2 & 3

Find out the missing value of an Accounting Equation with the help of given data: Cash Rs.100, 000 Debtors Rs.10, 000 Other Assets Rs. 1,000 Owner’s equity Rs. 1, 000 Liabilities ?

Select correct option:

Rs. 12,000

Rs. 11,000

Rs. 110,000

Rs. 111,000

Debit signifies:

Select correct option:

Increase in Asset account

Decrease in liability account

Decrease in capital account

All of the given options

The process of transferring journal entry information to the ledger is called:

Select correct option:

Journalizing

Posting

Balancing

Analyzing

Which of the following is NOT correct?

Select correct option:

Decrease in Assets will be credit

Decrease in Liabilities will be debit

Decrease in Expenses will be credit

Decrease in Revenue will be credit

Office salaries, advertising and sales commissions are the examples of:

Select correct option:

Financial Expenses

Operating Expenses

Marketing Expenses

Direct Expenses

When income is reduced or decreased, that amount is recorded on:

Select correct option:

Right or debit side of the account

Left or debit side of the account

Left or credit side of the account

Right or credit side of the ccount

A Balance Sheet discloses the financial position of a firm:

Select correct option:

For a certain given period

At a particular point of time

After the fixed date

None of the given options

Any expense that gives benefit for a period of less than twelve months is called ________.

Select correct option:

Capital Expense

Revenue Expense

Revenue Receipt

Deferred Expense

In case of Income and Expenditure account, Excess of income over expenses in a specified accounting period is called:

Select correct option:

Profit

Loss

Surplus

Deficit

While making Profit & Loss account, Excess of expenses over income in a specified accounting period is called:

Select correct option:

Profit

Loss

Surplus

Deficit

Which one of the following is NOT a feature of sole proprietorship business.

Select correct option:

Easy Formation

Easy Dissolution

Unlimited Liability

Separate Legal Entity

Find out the missing value of an Accounting Equation with the help of given data: Bank Rs. 22,500 Other assets Rs. 1,000 Creditors Rs. 8, 385 Other liabilities Rs. 9,000 Owner’s equity ?

Select correct option:

Rs. 6,115

Rs. 31,885

Rs. 17,385

Rs. 14,115

Which of the following is NOT correct?

Select correct option:

Decrease in Assets will be credit

Decrease in Liabilities will be debit

Decrease in Expenses will be debit

Decrease in Revenue will be debit

Which of the following is fiscal Year of Government of Pakistan?

Select correct option:

1st January to 31st December

1st June to 31st May

1st July to 30th June

1st October to 30th September

What should be credited, if rent paid in cash?

Select correct option:

Landlord’s account

Rent account

Cash account

Accounts receivable account

Consider the following data: Particulars Rs. Assets ? Owner's equity 35,000 Liabilities 90,000

Select correct option:

Rs. 35,000

Rs. 55,000

Rs. 1, 25,000

Rs. 1, 05,000

Which of the following is NOT correct?

Select correct option:

Decrease in Assets will be debit

Decrease in Liabilities will be debit

Decrease in Expenses will be credit

Decrease in Revenue will be debit

Normally single entry book keeping is followed by the:

Select correct option:

Small businesses only

Governments only

Large scale businesses only

Both Small businesses and Governments

Find out the missing value of an Accounting Equation with the help of given data: Owner’s equity Rs. 22,500 Total Liabilities Rs. 80, 385 Cash Rs. 1,000 Bank Rs. 2,000 Debtors Rs. 500

Select correct option:

Rs. 102,885 other assets

Rs. 102,885 current liabilities

Rs. 99,885 current liabilities

Rs. 99,385 other assets

1. If Accumulated profit brought forward has credit nature, what will be its treatment?

a. It will be added in net profit for the year

b. It will be subtracted from the net profit for the year

c. It will be deducted from current Assets

d. It will be added in current assets

2. Fixed Assets at WDV + working capital =?

a. Total shareholders equity

b. Net capital employed

c. Long term loan

d. Current liability

5. Advances from customers are shown in which of the following heads in Balance Sheet?

a. Current Assets

b. Current liabilities

c. Fixed Assets

d. Long term liabilities

6. While preparing cash flow statements, the repayments of a loan during the year should be included under the heading of:

a. Operating activities

b. Financing activities

c. Investing activities

d. None of the given options

7. Which of the following statement is also known as a source and use statements?

a. Income Statements

b. Statement of Cash Flows

c. Balance Sheet

d. Statement of Retained Earnings

8. Calculate depreciation for the year.

Building at cost = Rs. 1, 00,000

Depreciation rate = 10%

a. Rs. 10,000

b. Rs. 1,000

c. Rs. 500

d. Rs. 0

9. Mr. A, Mr. B and Mr. C are three partners of a partnership firm. The profit sharing ratio is 2:3:5. If company has distributable profit of Rs. 4, 90,000, determine the profit of Mr. A.

a. Rs. 98,000

b. Rs. 1, 47,000

c. Rs. 2, 45,000

d. Rs. 3, 43,000

10. An example of financing activities in the context of cash flow statement is:

a. Fixed capital expenditure

b. Long-term deposit

c. Financial charges paid

d. Dividend paid

If business purchases goods for resale purposes, such purchases are charged to _____________
Expenses account
Purchases account
Sales account
None of the given options
The amount of resources supplied by the owner in business is called:
Investments
Assets
Capital
Reserves
Excess of sales over cost of goods sold in an accounting period is termed as:
Net Profit
Gross Profit
Retained earnings
None of the given options
At the end of the year, goods that are unsold are deducted from:
Finished goods
Closing stock
Cost of goods sold
Opening stock
Conversion cost is:
Total factory cost
The cost incurred in converting raw material into finished goods
The cost incurred in converting raw material into work in process
None of the given options
The cost of the asset after the expiry of its useful life is called___________

Written down value
Residual value
Expired value
None of the given options

When bank statement shows a debit balance, it means:

Overdraft balance as per cash book
Favorable balance as per cash book
Un Favorable balance as per bank book
None of the above

Closing stock is credited in the:

Balance sheet
Profit & Loss account
Cost of good sold statement
None of the given option

Depreciation of machinery will be shown in the profit & loss account under the head of:

Selling expense
Administrative Expenses
Marketing expense
Financial expense

Assets and liabilities are presented in the balance sheet in the order of their:

Life
Classification
Maturity
None of the above

ACCOUNTING

noreply@blogger.com (ANSARI) — Sat, 20 Feb 2010 11:35:00 +0000

1 Which of the following statements is incorrect?

Assets - Capital = Liabilities

Liabilities + Assets = Capital

Liabilities + Capital = Assets

Assets - Liabilities = Capital

2 Which of the following is not an asset?

Buildings

Debtors

Loan from K Harris

Cash balance

3 Which of the following is a liability?

Motor Vehicles

Machinery

Creditors for goods

Cash at Bank

4 Which of the following is incorrect?

(A)

(B)

(C)

(D)

5 Which of the following statements is correct?

(A)

(B)

(C)

(D)

6 Which of the following are correct?

(i), (ii) and (ii)

(i) and (ii)

(i) and (iii)

(ii) and (iii)

7 Which of the following are correct?

(i) and (iv) only

(i), (ii) and (iii) only

(i), (ii) and (iv) only

(ii), (iii) and (iv) only

8 Which of the following are incorrect?

(i) and (iii) only

(ii) and (iv) only

(iii) and (iv) only

(ii) and (iii) only

9 Which of the following best describes the meaning of ‘Purchases’?

Goods bought on credit

Goods paid for

Goods bought for resale

Items bought

10

Which of the following should not be called ‘Sales’?

Goods sold for cash

Sale of item previously included in ‘Purchases’

Office fixtures sold

Goods sold on credit

11

Of the following, which are correct?

(iii) and (iv) only

(ii) and (iv) only

(i) and (ii) only

(i) and (iii) only

12

Which of the following are incorrect?

(ii) and (iv) only

(iv) only

(iii) only

(i) and (iii) only

13

Given the following, what is the amount of Capital? Assets: Premises £20,000; Stock £8,500; Cash £100. Liabilities: Creditors £3,000; Loan from A Adams £4,000

£21,100

£21,400

£21,600

£32,400

14

Which of the following is correct?

Profit reduces capital

Profit increases capital

Capital can only come from profit

Profit does not alter capital

15

Which of the following are correct?

(i), (ii) and (iii) only

(i) and (ii) only

(i), (ii) and (iv) only

(i), (iii) and (iv) only

16

Of the following, which are incorrect?

(ii) and (ii) only

(ii) and (iv) only

(i) and (iii) only

(ii) and (iii) only

17

What is the balance on the following account on 31 May 20X5?

A debit balance of £395

A credit balance of £395

There is a nil balance on the account

A debit balance of £380

18

What would have been the balance on the account of C De Freitas in MC17 on 19 May 20X5?

A credit balance of £445

A credit balance of £95

A credit balance of £265

A debit balance of £265

19

Which of the following best describes a trial balance?

Shows all the entries in the books

It is a list of balances on the books

Shows the financial position of a business

It is a special account

20

Is it true that the trial balance totals should agree?

No, there are sometimes good reasons why they differ

Yes, always

Yes, except where the trial balance is extracted at the year end

No, because it is not a balance sheet

21

Gross profit is:

Cost of goods sold + Opening stock

Excess of sales over cost of goods sold

Sales less Purchases

Net profit less expenses of the period.

22

Net profit is calculated in the:

Profit and loss account

Balance sheet

Trial balance

Trading account

23

To find the value of closing stock at the end of a period we

do this by stocktaking

deduct cost of goods sold from sales

deduct opening stock from cost of goods sold

look in the stock account

24

The credit entry for net profit is on the credit side of:

The trading account

The drawings account

The capital account

The profit and loss account

25

Which of these best describes a balance sheet?

A statement of assets

A listing of balances

An account proving the books balance

A record of closing entries

26

The descending order in which current assets should be shown in the balance sheet is:

Debtors, Stock, Bank, Cash

Cash, Bank, Debtors, Stock

Stock, Debtors, Cash, Bank

Stock, Debtors, Bank, Cash

27

Which of these best describes fixed assets?

Are bought to be used in the business

Are expensive items bought for the business

Are items which will not wear out quickly

Are of long life and are not bought specifically for resale

28

Carriage inwards is charged to the trading account because:

Carriage outwards goes in the profit and loss account

It is an expense connected with buying goods

It is not part of motor expenses

It should not go in the balance sheet

29

Given figures showing: Sales £8,200; Opening stock £1,300; Closing stock £900; Purchases £6,400; Carriage inwards £200, the cost of goods sold figure is:

Another figure

£6,200

£6,800

£7,000

30

The costs of putting goods into a saleable condition should be charged to:

Trading account

Profit and loss account

Balance sheet

None of these

31

Suppliers’ personal accounts are found in the:

Sales ledger

Nominal ledger

Purchases ledger

General ledger

32

The Sales Day Book is best described as:

Containing customers’ accounts

Containing real accounts

Part of the double entry system

A list of credit sales

33

Which of the following are personal accounts?

(i) Buildings
(ii) Wages
(iii) Debtors
(iv) Creditors

(ii) and (iii) only

(i) and (iv) only

(ii) and (iv) only

(iii) and (iv) only

34

When Lee makes out a cheque for £50 and sends it to Young, then Lee is known as:

The payee

The banker

The drawer

The creditor

35

If you want to make sure that your money will be safe if Cheques sent are lost in the post, you should:

Always pay by cash

Cross your Cheques ‘Account Payee only, Not Negotiable’

Always take the money in person

Not use the postal service in future

36

When banking money in to your current account you should always use:

A general ledger

A cheque book

A cash book

A paying-in slip

37

A debit balance of £100 in a cash account shows that:

There was £100 cash in hand

The total of cash received was less than £100

£100 was the total of cash paid out

Cash has been overspent by £100

38

£50 cash taken from the cash till and banked is entered:

Debit cash column £50: Credit bank column £50

Debit bank column £50: Credit bank column £50

Debit bank column £50: Credit cash column £50

Debit cash column £50: Credit cash column £50

39

A credit balance of £200 on the cash columns of the cash book would mean:

We have £200 cash in hand

Someone has stolen £200 cash

We have spent £200 more than we have received

The bookkeeper has made a mistake

40

‘Posting’ the transactions in bookkeeping means:

Making the second entry of a double entry transaction

Entering items in a cash book

Making the first entry of a double entry transaction

Something other than the above

41

A cash discount is best described as a reduction in the sum to be paid:

If payment is made by cash, not cheque

If purchases are made for cash, not on credit

If payment is made either by cash or cheque

If payment is made within a previously agreed period

42

Discounts received are:

Deducted by us when we pay our accounts

Deducted when we receive cash

Given by us when we sell goods on credit

None of these

43

The total of the ‘Discounts Allowed’ column in the Cash Book is posted to:

The debit of the Discounts Received account

The debit of the Discounts Allowed account

The credit of the Discounts Allowed account

The credit of the Discounts Received account

44

Sales invoices are first entered in:

The Cash Book

The Purchases Journal

The Sales Journal

The Sales Account

45

The total of the Sales Journal is entered on:

The debit side of the Sales Account in the General Ledger

The credit side of the General Account in the Sales Ledger

The credit side of the Sales Account in the General Ledger

The debit side of the Sales Day Book

46

Given a purchases invoice showing 5 items of £80 each, less trade discount of 25 per cent and cash discount of 5 per cent, if paid within the credit period, your cheque would be made out for:

£260

£280

£285

None of these

47

An alternative name for a Sales Journal is:

Sales Day Book

Sales Ledger

Sales Invoice

Daily Sales

48

Entered in the Purchases Journal are:

Discounts received

Purchases invoices

Payments to suppliers

Trade discounts

49

The total of the Purchases Journal is transferred to the:

Credit side of the Purchases Account

Credit side of the Purchases Book

Debit side of the Purchases Account

Debit side of the Purchases Day Book

50

Credit notes issued by us will be entered in our:

Sales Account

Returns Outwards Journal

Returns Inwards Journal

Returns Inwards Account

51

The total of the Returns Outwards Journal is transferred to:

The debit side of the Returns Outwards Account

The credit side of the Returns Outwards Book

The credit side of the Returns Outwards Account

The debit side of the Purchases Returns Book

52

We originally sold 25 items at £12 each, less 331/3 per cent trade discount. Our customer now returns 4 of them to us. What is the amount of credit note to be issued?

£36

£30

£32

£48

53

Depreciation is:

The salvage value of a fixed asset

The amount of money spent in replacing assets

The part of the cost of the fixed asset consumed during its period of use by the firm

The amount spent to buy a fixed asset

54

A firm bought a machine for £3,200. It is to be depreciated at a rate of 25 per cent using the Reducing Balance Method. What would be the remaining book value after 2 years?

£2,400

£1,800

£1,600

Some other figure

55

A firm bought a machine for £16,000. It is expected to be used for 5 years then sold for £1,000. What is the annual amount of depreciation if the straight line method is used?

£3,750

£3,100

£3,200

£3,000

56

At the balance sheet date the balance on the Accumulated Provision for Depreciation Account is:

Transferred to Depreciation Account

Transferred to the Asset Account

Transferred to Profit and Loss Account

Simply deducted from the asset in the Balance Sheet

57

In the trial balance the balance on the Provision for Depreciation Account is:

Not shown, as it is part of depreciation

Sometimes shown as a credit, sometimes as a debit

Shown as a credit item

Shown as a debit item

58

If an accumulated provision for depreciation account is in use then the entries for the year’s depreciation would be:

Credit Asset Account, debit Provision for Depreciation Account

Debit Asset Account, credit Profit and Loss Account

Credit Provision for Depreciation Account, debit Profit and Loss Account

Credit Profit and Loss Account, debit Provision for Depreciation Account

59

When the final accounts are prepared, the Bad Debts Account is closed by a transfer to the:

Trading Account

Provision for Doubtful Debts Account

Balance Sheet

Profit and Loss Account

60

A Provision for Doubtful Debts is created:

When debtors cease to be in business

To provide for possible bad debts

When debtors become bankrupt

To write off bad debts

61

Working Capital is a term meaning:

The total of Fixed Assets - Current Assets

The capital less drawings

The amount of capital invested by the proprietor

The excess of the current assets over the current liabilities

62

A credit balance brought down on a Rent Account means:

We have paid too little in rent

We have paid too much rent

We owe that rent at that date

We have paid that rent in advance at that date

63

A debit balance brought down on a Packing Materials Account means:

We have a stock of packing materials unused

We are owed for packing materials

We have lost money on packing materials

We owe for packing materials

64

If we take goods for own use we should:

Debit Drawings Account: Credit Purchases Account

Debit Drawings Account: Credit Stock Account

Debit Sales Account: Credit Stock Account

Debit Purchases Account: Credit Drawings Account

65

Capital Expenditure is:

The costs of running the business on a day-to-day basis

Money spent on buying fixed assets or adding value to them

Money spent on selling fixed assets

The extra capital paid in by the proprietor

66

In the business of C Songster, who owns a clothing store, which of the following is Capital Expenditure?

(i) Shop fixtures bought
(ii) Wages of assistants
(iii) New van bought
(iv) Petrol for van

(ii) and (iv)

(i) and (iii)

(i) and (ii)

(ii) and (iii)

67

If £500 was shown added to Purchases instead of being added to a fixed asset:

Net profit only would be overstated

Both gross and net profits would be understated

Net profit only would be understated

It would not affect net profit

68

A cheque paid by you, but not yet passed through the banking system, is:

A credit transfer

A dishonored cheque

An un-presented cheque

A standing order

69

A Bank Reconciliation Statement is a statement:

Sent by the bank when we have made an error

Drawn up by the bank to verify the cash book

Sent by the bank when the account is overdrawn

Drawn up by us to verify our cash book balance with the bank statement balance

70

Which of the following are not true? A Bank Reconciliation Statement is

(i) Part of the double entry system
(ii) Not part of the double entry system
(iii) Sent by the firm to the bank
(iv) Posted to the ledger accounts.

(i), (ii) and (iv)

(i), (iii) and (iv)

(i) and (ii)

(ii), (iii) and (iv)

71

Which of the following should be entered in the Journal?

(i) Payment for cash purchases
(ii) Fixtures bought on credit
(iii) Credit sale of goods
(iv) Sale of surplus machinery.

(i) and (iv)

(ii) and (iv)

(iii) and (iv)

(ii) and (iii)

72

The Journal is:

Used when other journals have been mislaid

A supplement to the Cash Book

Not part of the double entry system

Part of the double entry system

73

Given desired cash float of £200, if £146 is spent in the period, how much will be reimbursed at the end of the period?

£53

£146

£254

£200

74

When a petty cash book is kept there will be:

No entries made at all in the general ledger for items paid by petty cash

The same number of entries in the general ledger

Fewer entries made in the general ledger

More entries made in the general ledger

75

Which of the following do not affect trial balance agreement?

(i) Sales £105 to A Henry entered in P Henry’s account
(ii) Cheque payment of £134 for Motor expenses entered only in Cash Book
(iii) Purchases £440 from C Browne entered in both accounts as £404
(iv) Wages account added up incorrectly, being totaled £10 too much.

(i) and (iii)

(ii) and (iii)

(i) and (iv)

(iii) and (iv)

76

Which of the following are not errors of principle?

(i) Motor expenses entered in Motor Vehicles account
(ii) Purchases of machinery entered in Purchases account
(iii) Sale of £250 to C Phillips completely omitted from books
(iv) Sale to A Henriques entered in A Henry’s account.

(iii) and (iv)

(ii) and (iii)

(i) and (ii)

(i) and (iv)

77

Errors are corrected via the Journal because:

It saves the bookkeeper’s time

It provides a good record explaining the double entry records

It saves entering them in the ledger

It is much easier to do

78

Which of these errors would be disclosed by the trial balance?

A purchase of £250 was omitted entirely from the books

Credit sales of £300 entered in both double entry accounts as £30

Selling expenses had been debited to Sales Account

Cheque £95 from C Smith entered in Smith’s account as £59

79

If a trial balance totals do not agree, the difference must be entered in:

The Profit and Loss Account

A Nominal Account

The Capital Account

A Suspense Account

80

What should happen if the balance on a Suspense Account is of a material amount?

Write it off to Profit and Loss Account

Should be written off to the balance sheet

Carry forward the balance to the next period

Find the error(s) before publishing the final accounts

81

Given opening debtors of £11,500, Sales £48,000 and receipts from debtors £45,000, the closing debtors should total:

£14,500

£83,500

£18,500

£8,500

82

In a Sales Ledger Control Account the Bad Debts written off should be shown in the account:

As a credit

As a debit

As a balance carried down

Both as a debit and as a credit

83

MC83 If cost price is £90 and selling price is £120, then:

(i) Mark-up is 25 per cent
(ii) Margin is 331/3 per cent
(iii) Margin is 25 per cent
(iv) Mark-up is 331/3 per cent

(i) and (ii)

(i) and (iii)

(iii) and (iv)

(ii) and (iv)

84

Given cost of goods sold £16,000 and margin of 20 per cent, then sales figure is:

£21,000

£20,000

£13,600

£20,160

85

If opening stock is £3,000, closing stock £5,000, sales £40,000 and margin 20 per cent, then stock turn is:

7 ½ times

8 times

5 times

6 times

86

If creditors at 1 January 20X3 were £2,500, creditors at 31 December 20X3 £4,200 and payments to creditors £32,000, then purchases for 20X3 are:

£31,600

£38,700

£33,700

£30,300

87

Given opening capital of £16,500, closing capital as £11,350 and drawings were £3,300, then:

Profit for the year was £8,450

Loss for the year was £8,450

Profit for the year was £1,850

Loss for the year was £1,850

88

A Receipts and Payments Account is one:

In which the surplus of income over expenditure is calculated

In which the opening and closing cash balances are shown

Which is accompanied by a balance sheet

In which the profit is calculated

89

Prime cost includes:

(i) Direct labour
(ii) Factory overhead expenses
(iii) Raw materials consumed
(iv) Direct expenses

(i), (iii) and (iv)

(i), (ii) and (iii)

(ii), (iii) and (iv)

(i), (ii) and (iv)

90

Which of the following should be charged in the Profit and Loss Account?

Carriage on raw materials

Work in progress

Office rent

Direct materials

91

In the Manufacturing Account is calculated:

The production costs paid in the year

The total cost of goods produced

The gross profit on goods sold

The production cost of goods completed in the period

92

The best method of departmental accounts is:

To allocate expenses in proportion to purchases

To allocate expenses in proportion to sales

To charge against each department its uncontrollable costs

To charge against each department its controllable costs

93

Where there is no partnership agreement then profits and losses:

Must be shared equally

Must be shared in same proportion as capitals

Must be shared equally after adjusting for interest on capital

None of these

94

If it is required to maintain fixed capitals then the partners’ shares of profits must be:

Credited to capital accounts

Debited to capital accounts

Debited to partners’ current accounts

Credited to partners’ current accounts

95

You are to buy an existing business which has assets valued at buildings £50,000, Motor vehicles £15,000, Fixtures £5,000 and Stock £40,000. You are to pay £140,000 for the business. This means that:

You have made an arithmetical mistake

You are paying £40,000 for Goodwill

Buildings are costing you £30,000 more than their value

You are paying £30,000 for Goodwill

96

Assets can be revalued in a partnership change because:

The depreciation charged on them needs to be reversed

It helps prevent injustice to some partners

The law insists upon it

Inflation affects all values

97

Any loss on revaluation is:

Debited to old partners in old profit-sharing ratios

Credited to old partners in old profit-sharing ratios

Credited to new partners in new profit-sharing ratios

Debited to new partners in new profit-sharing ratios

98

In a limited company which of the following are shown in the Appropriation Account?

(i) Debenture interest
(ii) Proposed dividend
(iii) Transfers to reserves
(iv) Directors’ remuneration

(i) and (ii)

(i) and (ii)

(ii) and (iii)

(ii) and (iv)

99

The Issued Capital of a company is:

Always the same as the Authorized Capital

The same as Preference Share Capital

Equal to the reserves of the company

None of the above

100

A company wishes to pay out all available profits as dividends. Net profit is £26,600. There are 20,000 8% Preference shares of £1 each, and 50,000 Ordinary shares of £1 each. £5,000 is to be transferred to General Reserve. What Ordinary dividends are to be paid, in percentage terms?

40 per cent

60 per cent

10 per cent

20 per cent

The Work From Home Internet Business Is booming On The Net

noreply@blogger.com (ANSARI) — Sun, 08 Nov 2009 19:47:00 +0000
The work from home revolution on the Internet is in full swing. There has never been a better time or opportunity to make money online working at home in front of your computer. The number of money making opportunities is endless.

With today’s technology it is quite possible to run your entire business online from anywhere in the world using your laptop computer. You no longer need to leave your house to make a living for your family. It can be done from the comfort of your own home. No commute required. No travel time with reduced fuel consumption and maintenance on your vehicles. Best of all you are your own boss.

The amount of people using the internet worldwide continues to increase almost monthly. This bodes well for internet business entrepreneurs and anyone wishing to take advantage of the internet work from home business industry. Global Internet Statistics shows over 800 million people worldwide are now using the internet.

Just do a search for internet business opportunities on Google or your favorite search engine. You’ll find websites such as http://www.kawarthapublishing.com & http://www.bigmoolla.com promoting several top Internet home based business products and services from paid surveys online to network marketing and MLM businesses. If you already have your own website you can even sign up with Google ad sense and make money displaying Google ad words ads on your site. In fact everywhere you look on the net almost every single site you go to is making money from some form of advertising or work from home business opportunity.

The internet is forever changing the global job scene and the world economy with new internet opportunities arriving on the internet every day even as you read this. We can only hope that this will make the world cleaner and a better place to live with less pollution from automobiles and reduced pollution from factories. This in turn could create a backlash on the economy but it has yet to be seen. We all know the reasons behind why we are still using oil and gas rather than clean energy. (It would kill the global economy). Internet business could be just as threatening as electric cars and cars running on fuel cells.

We are indeed in a revolution. The last revolution was called the industrial revolution. This one is called the information revolution. Or what I like to think of it, the work from home revolution.

..::The Top three reasons people Fail online!::..

noreply@blogger.com (ANSARI) — Sun, 08 Nov 2009 19:46:00 +0000
Most people come online with the thoughts of getting rich
quick...And then fall flat on their faces! They get the get rich
quick virus, it's quite contagious and extremely deadly to your
self esteem and your business!

You need to get rid of that virus by implementing, knowledge,
hard work and the right mindset, learn from other people's
mistakes and understand why they have failed online, so that you
can avoid making the same mistakes, when you do make a mistake,
shake it off and get on with your life, take that mistake and
turn it into knowledge.

Here are the top three reasons why most people fail online:

1) Don't have the money to start, or don't want to spend it!.

You have to think that starting a online business is the same as
starting an offline business, when you start an offline business,
there are certain things that you have to be willing to pay for
if you want your business to succeed.

And the same thing goes for your online business, and if you're
not willing to spend the money on these things then your business
will go nowhere!

A list of what you need is:
A great web-host (this is the lifeline of your business)

A good follow up system (autoresponders)

Knowledge (if you have to buy into a membership or course to
learn what it takes to build your business then do it)

You have to spend some money on advertising..(eZine advertising,
Pay-Per-Click or whatever)
(Just make sure you do your reasearch on what your fixing to join
or purchase!)

2) They give up before it get's going!

This happens all the time, people come on line with the hopes of
getting rich, they join one scheme after another thinking this
one is going to make me rich, as soon as they receive another
email scheme, they jump on it..

This keeps going for awhile, untill they get so frustrated that
they just give up and say it's impossible to make money online!
One of the reasons is that most people lack persistence and the
ability to hang in there when the going gets tough. If you lack
persistence, you will have a tough time making it online! ("If
you do make it")

Here is a list of ways to help give your business a boost!
Do joint ventures with other marketers to grow your business.

Join forums, offer your help to people, get joint venture
partners(just don't spam the boards)

Follow the steps of someone who is already successful online!

Don't be afraid to make a mistake online, we've all made
mistakes, and will continue to, just make sure you learn from
them..

Start an affiliate program!

Make sure you collect the names of your visitors and follow up
with them..

3) Lack of knowledge -

Knowledge is power, if you want to make it online you have to
learn all you can! And put what you know into action, use your
knowledge, don't just let it set up there and collect brain dust,
anyone can learn if they really want to, you just have to have
the will, and the strive!

You will always be learning, there is always someone out there
that can teach you something or ignite and ol' flame that you let
burn down.. all I can say is..learn, learn, learn!

If you stay persistant, learn all you can, and stay focused, you
can do anything and become anything..Want to be a guru? then do
what the gurus did...Work for it, give it all you got and learn
all you can and NEVER EVER give up!!

Choosing an Affiliate program

noreply@blogger.com (ANSARI) — Sun, 08 Nov 2009 19:44:00 +0000
What should you consider when choosing an affiliate program? You need to think about two key things: what business are you in and what can the affiliate program provide to your customers.

No matter what business you are in, the largest investment you make will be customer acquisition. If you have your own product, and have acquired a base of satisfied customers, then single product affiliate programs could work very well for you.

However, if your business is acquiring customers for other businesses, that is, purely affiliate programs, then a better choice for you could be affiliate programs with multiple products or services. This will help you to capitalise on your investment in customer acquisition.

The key to choosing successfully is to ensure that the affiliate program offers products that meet the needs of your potential customers. Coupled with this is the need for the products to be high quality and for the supplier to provide excellent customer service. Remember, your credibility is on the line every time you refer someone to buy through your affiliate relationship.

Some of the other factors I consider when evaluating affiliate programs include:

+ Is the affiliate program a reputable business? You can check out a business you are considering a relationship with in variety of ways. Talk to the Better Business Bureau in your local area or a similar body. In addition, I find web sites that monitor affiliate programs to be worth looking at. The best I have found is Associate Programs http://www.AssociatePrograms.com. Allan Gardyne pulls no punches and tells it as it is.

+ Does the program enable you to share in the lifetime value of the customer? Great programs will give you commissions on all future purchases of the customers you introduce. This is where the real profits are. These types of programs, in effect, allow you to partner with the supplier.

+ Does the program reward you for introducing other affiliates? This type of program is commonly referred to as a two-tier program. Often your customer may become an affiliate also and you will be rewarded for this.

+ Is the supplier interested in your success as an affiliate? The top affiliate programs engage in a process of coaching or information sharing to help you succeed. Affiliates are provided with regular newsletters outlining what is working for successful affiliates and providing updates and details on new products.

+ Is the commission reasonable? Commission rates on commodity products such as books and CDs are low. This is because there is very little margin in the products due to competition. Look for products that have a commission rate of 15% or more that are not commodities - that way you will be better able to recoup your customer acquisition investment.

+ Are statistics provided? The higher the level of statistics provided, the better off you are. This will enable you to measure the success of your marketing efforts and to determine the best places to invest your marketing dollars. Insufficient statistics is a sign that the affiliate program is not sufficiently interested in your success.

+ Are new products being developed regularly? To get the full value from lifetime commissions, new products need to be introduced on a regular basis. Without this, lifetime commissions can be worthless. Also, look for consistent high quality in new products introduced.

+ How frequently are commissions paid? The more frequently commissions are paid, the better off you are. Good quality affiliate programs will pay you monthly. In some situations, commissions are not paid until a certain level is reached. If the program you are considering has this requirement, check how many sales need to be made before the level is reached.

+ Have you read the affiliate agreement? This is a key area that you should look at. Some affiliate agreements are totally in favour of the supplier. Others are more balanced. Some agreements restrict your ability to promote similar products from other suppliers. Most agreements have anti-spam provisions. Look for agreements that are fair and that do not stack everything against you as the affiliate.

While there are other factors that can be considered when choosing an affiliate program, following the suggestions above will help you to make superior business choices that will lead to long-term success.

Affiliate Programs : Golden Opportunity or Waste of Time?

noreply@blogger.com (ANSARI) — Sun, 08 Nov 2009 19:43:00 +0000

by: Steven O. Ng
Now that the idea of doing business over the internet has been firmly established, many potential internet businessmen are searching for the best way to do business. Usually the choice comes down to whether you want to set up your own business and online store, or sign up for an affiliate program.

First of all, let's define what we mean by an affiliate program. An affiliate program is basically an internet business set up by someone else. They could be selling physical goods, education, information or any other products that can be sold online. By signing up as their affiliate, you are helping them promote their business or store. In return, they will pay you a commission for each sale you bring them. The amount of commission varies between different affiliate programs. Examples of affiliate programs include Amazon.com and Wordtracker, which you can visit at:

http://www.onlinebiz-help.com/links/wordtracker.html

1) EARNINGS

So how does an affiliate program differ from starting your own online store? Let's start by looking at the potential earnings. (After all, the main reason everyone wants to start an internet business is for the money). When you sign up for an affiliate program, you will be paid a commission for each sale you refer to the online store. This commission can range from 5% to 15% for physical products, and possibly up to 50% or more for virtual products such as subscriptions and ebooks.

On the other hand, if you start your own store, your profit can be much higher. For virtual products, your profit can be 100% of your selling price. After all, once the newsletter or ebook is created, you do not need to spend any more effort. When someone buys your ebook, they just download it from your website. If you are selling a physical product, your profit depends on whether you are manufacturing the product yourself, or buying from a wholesaler or dropshipping company. Your profit in this case could easily be more than 40% or 50%.

So, if you only consider the potential earnings, starting your own business is more lucrative than joining an affiliate program.

2) LOGISTICS

However, money isn't everything (Or so they say). When you are starting your own internet business, there are a number of logistic issues you need to look at. Here are a few things you would need to take care of:

a) Create your website
b) Design your product (if you are selling new products)
c) Create your product (if you are selling new physical products, or any virtual products)
d) Set up an online store
e) Set up a merchant account or payment gateway
f) Set up a warehouse or storage space (if you are selling physical products)
g) Have procedures and staff ready to fulfill orders
h) Set up an affiliate program to get others to market the products for you
i) Monitor for fraud
j) Monitor stock levels

As they say, "No pain, no gain". Having your own store pays very well, but requires a substantial time investment from you.

On the other hand, if you sign up for an affiliate program, all you need to do is set up a website to promote the program. All the ads, banners, marketing text etc will be provided to you by the affiliate program. Your only responsibilities would be to get people to visit your website, and hopefully click on the affiliate links to buy the products that you are promoting.

3) CONVERSION

Whether you have your own business or are promoting an affiliate program, the bottom line is the conversion rate, or the percentage of visitors that actually buy something from you. A number of factors influence this conversion rate. Factors as quality of the product, quality of the website, customer support are all important. However, I personally believe that the most important factor is trust.

When a potential customer arrives at your website, he will need to trust your site enough for him to be willing to buy from you. After all, on the internet you are just a faceless salesman. He doesn't know who is actually running the site and whether he will actually get the goods that he orders.

Having said that, one of the key methods of garnering trust is by recommendation and referral. If a store is being referred to or recommended by another website, the potential customer will feel that the store is trustworthy. After all, if the store is not trustworthy, why would the other website recommend it?

This is where affiliate programs shine. When you refer a potential customer to the store for which you are an affiliate, the customer will feel more relieved, since the store is being recommended by your site, a 3rd party. The customer will be more likely to buy from the store, benefiting both the store, and you as well.

There are both pros and cons to joining an affiliate program. You might earn less with an affiliate program compared to starting your own store, but I believe the benefits of not having to be responsible for the logistics makes affiliate programs are very viable "passive" source of income.

For more information on a

$27,817 Monthly With Affiliate Programs

noreply@blogger.com (ANSARI) — Sun, 08 Nov 2009 19:41:00 +0000

I still remember thinking that promoting Affiliate Programs was a waste of time. Until I started making a small fortune.
At the end of 2004, I started some time exploring the concept of promoting affiliate programs through pay-per-click search engines. I knew of some Internet Marketing gurus who were claiming you could make thousands of dollars every month. But I was skeptical. I remember thinking, “I know what these guys are about. They just want to sell more books.”
But I decided that at least it was worth a look. The concept is quite simple. Choose a product – and one that has an affiliate program, of course. Set up an advertising campaign at a PPC search engine like Google and choose how much you want to pay per click. Write a three line advertisement and add your affiliate link. Whenever anyone clicks through your ad and buys the product, you earn a commission.
So I looked. And thought about it. And looked some more. I was still very uncertain about the whole concept, but I finally decided to test for myself whether it could really work. And since I knew I’d be spending quite a bit of money on advertising clicks, I felt it was well worth investing in a book so I could learn from more experienced marketers how to maximize the profitability of my campaigns.
As my business grew over several weeks I purchased and read several ebooks. By far the best I read was Chris Carpenter’s Google Cash ( http://tinyurl.com/6gdaq ). His approach is genuine, down-to-earth, and he explains very clearly how to build your own affiliate marketing business. And importantly, he makes a fortune doing what he explains in the book.
I started by testing 20-30 campaigns on various products. Most of them were unsuccessful, but I expected that from what I had been reading. I would test a product, and if it didn’t work, I would drop it quickly. The key with this business is identifying the affiliate products and campaigns that are successful. Once you find one that works, the money starts rolling in.
By February of 2005 I had identified several campaigns that were turning a profit. With one of these I was spending $0.08 per click to promote an affiliate product that pays me $18 commission on each sale. Approximately 1 visitor in 100 buys the product, so I make around $10 profit for every 100 visitors that I send.
What a formula! For every 1,000 visitors, that’s $180 in commissions. That might not seem like all that much, but remember once you have a successful campaign it keeps going all day, every day. If you send just 1,000 visitors to a program like this every day, then by the end of the month you will have earned $5,400 in commissions, of which $3,000 is profit.
Does it seem too simple? Well, if it was so easy everyone from your Aunt Mabel to the mailman would be doing it. In fact, while the concept is simple, getting your campaigns to run profitably does take some work. Since I can't possibly teach you all you need to know in one article, I'll give you a few tips here and recommend Google Cash for a detailed explanation:
Choose Your Product Wisely. The program should pay a commission of $15 or more, otherwise it won’t be worth paying for your clicks. And if the commission is very high, be careful. Some products like web hosting and satellite dish installations may pay commissions of $100, but you face intense competition from other affiliates, so the price you need to pay to get ad exposure and clicks will probably also be very high. Sometimes it is better to identify a niche product with less competition from other affiliates.
Track Your Campaigns Carefully. If you’re paying around 7 or 8 cents per click for a program that pays close to $20 commission, you need to make at least one sale for every 250 visitors. If you send 300 to 400 visitors with no sale, consider dropping it.
Days Of The Week Do Matter. When testing campaigns keep in mind the day of the week and even the time of day. Some products sell better on Mondays through Fridays, during business hours. Others, like entertainment products, sell better in the evenings and on weekends.
Getting back to my own experience, after identifying several campaigns that ‘worked’, I spent some time fine-tuning them using techniques I read about in Google Cash. By the end of February I had earned $27,817 in commissions for the month, all on products I had never even heard of at the end of 2004. My profit was a neat $10,795.
It’s incredible really. I made this money without a web site. From home. Working an average of just an hour or two a day.
I’m finally making the amount of money online that I dreamed about.
How about you? Would you also like to build an affiliate marketing business? Could you use some additional income? I encourage you to proceed, but be smart about it. There are risks involved and you should be aware of them. You should read Chris Carpenter’s book. That way you’ll be on a fast track to more profitable campaigns. And his book will save you hundreds of dollars, easily, as you avoid some common mistakes and pitfalls.
Good Marketing!

Make Money Blogging

noreply@blogger.com (ANSARI) — Sun, 08 Nov 2009 19:37:00 +0000
You have created a blog and your blog is dedicated to a niche industry. Have you ever thought that the blog could make money for you? We would look here in this article, ways and means, to make money blogging. Lets first have a look at what are the prerequisites for a blog needed to make money:

1. Blog needs to be dedicated to a niche market.
2. Updated regularly.
3. Enough back links (Don't worry for it. Directory submission would be enough to begin with)
4. Good blog host or application (blogger, Xanga or typepad recommended), and
5. High quality articles or news items supported with images.

Get the above criteria in place and Hurrah... You are ready to Make Money Blogging.

Top 5 Ways to Make Money Blogging

Lets now take a look at top 5 ways using which you could make money blogging:

1. Google Adsense
Google Adsense delivers text and image ads to the authorized websites/blogs depending on the content of the website. Small code is required to be pasted at proper locations on a webpage and Google automatically recognizes the page. Google shares the revenue it gets from the advertisers whenever a visitor clicks on these ads.

Google bills advertisers on price per click basis (PPC). Advertisers are required to pay only when any visitor clicks on their ads. They bid against each other for the keywords in order to receive better placement and thus prices for each keyword differ from one another. It is better to choose keywords for your blog which pays high $ per click.

2. Amazon
Amazon Associate program is another important way to make money blogging. The Amazon Associate program gives opportunity to website/blog publishers to promote any product from its inventory by adding a predefined code to their website/blog, which, when clicked by a visitor, takes them to the relevant product page. Once the visitor buys the product, the blog owner will be compensated with a commission.

3. Blogads
You can use Blogads as an effective tool to have a better control over the advertisers in your blogs. You can analyze and compare your profits with any one of your online agencies. Blogads can be simply specified as an advertising service used for the web logs or blogs. From the total money generated by Blogads, it retains 20% of it and the remaining money is paid to you through PayPal or checks.

Alternative Services:

• Crispads is another useful network focused on the blogs. You can put your advertisements in their blogs using Crispads. You can move through their RSS/ATOM feeds that help in generating revenues.
• Tagword – It is similar to Blogads. It makes you select the ads and their price.

Users can place their text-based ads in the site within minutes and the ads will be displayed instantly on the website.

4. Affiliate Programs
Your affiliate programs can help you earn a lot of money for selected products and services. Lot of websites offers you to become affiliate members. These affiliate programs can provide a better reach and an in-depth exposure to the products. The commissions for the sales differ according to the quality of the product, sales and marketing strategy involved. You can gather information related to the commissions by looking into the catalogues of Link Share and Commission junctions.

5. Text Links
Text links has emerged out to be the best form of moneymaking source that you can use instead of cluttering or crowding the page with ads. You don’t have to make these text links prominent within your website. This link can act as an extra value to your site and will also help to promote the rankings of other sites. In most of the cases you will find these text links placed in the bottom of the web pages. The best part of this strategy is that the publishers send and accept links as the market continues to grow.

We Are Right In The Middle Of A Pay Per Click Baby Boom

noreply@blogger.com (ANSARI) — Sun, 08 Nov 2009 19:35:00 +0000
No, this baby boom will certainly not swamp the Social Security
system (sort of a bad joke for those that live in the United
States, but many other countries...most notably Japan...have an
even more acute problem), but this baby boom is revolutionizing
the way that pay per click advertising is being spread across the
Internet.

One of the early participants in this pay per click baby boom was
Google, with its AdSense program. With this program, Google
shares pay per click revenue with a huge number of individual
partner websites that carry a few pay per click ads that are
distributed by Google. In essence, this creates a whole bunch of
little pay per click locations (websites) throughout the Internet
and hence the term "pay per click baby boom".

Conceptually, programs like AdSense are similar to what the
computer hardware folks refer to a distributed processing.
Instead of trying to draw everyone to a large pay per click
search engine site, little groups of pay per click ads are spread
widely across thousands of locations (websites) all over the
Internet.

Actually, this distributed processing or propagation technique is
not limited to pay per click advertising. For example, Amazon
uses a similar arrangement (called Amazon Associates) to sell the
products it carries on amazon.com and ClickBank has a sales
program called CBAdwords which operates in a similar fashion.

According my trusty Ouija board, it seems likely that most
commercial hubs on the Internet will be shifting to this
propagation concept as time progresses...all of those individual
partner websites that carry the message/proposition will
constitute the vast army of worker ants that keep the queen ant
alive and healthy.

From a pay per click marketing perspective, these programs make
brilliant use of leverage while providing highly targeted
prospects for the paying advertiser.

There are, of course, some interesting things that occur as a
result of all of this stuff. For example, consider what I call
the "cross fertilization effect": Suppose a person goes to
yahoo.com and performs a search that leads them to one of my
websites that happens carry Google AdSense ads and that visitor
then clicks on one of those ads...the net result is that Yahoo
natural search provided Google pay per click with some revenue!
Aren't these fun times that we're living in?

As these programs continue to proliferate, the individual
webmaster needs to exercise a little restraint and avoid the
temptation to go overboard by plastering these ads all over your
website and thereby diluting your own primary message/proposition
and confusing your hard earned visitor. When properly used,
these ads are just ancillary or complementary content that you
are providing to enhance the information and opportunities that
you are providing to your visitor...if something happens to
strike a responsive chord with your visitor, you might make a
little pay per click money.

If properly used, these propagation programs can result in the
classical "win-win" situation. However, if you over do it, this
can quickly turn into a loss for you (the individual webmaster)
and a win for your pay per click partners that are distributing
the ads. As in many things, moderation is important.

It's a constant sea of change, but the good things just keep on
getting better! Stay alert, and light on your feet, and the
opportunities will just keep on coming your way.

The above are just some observations from "the peanut gallery",
but I don't think I'm far off the mark about where things are
heading. With that, I'm off the soapbox and wishing you
success in whatever you do online!

6 more free steps to making money online

noreply@blogger.com (ANSARI) — Sun, 08 Nov 2009 19:34:00 +0000
If you read my previous article you will know that the goal of these articles is to teach you ways to get started making money online without having to spend any money.

This is the second in the series and this time we deal with having your own blog. There are endless ways of making money once you have traffic, and your blog will get you traffic. The income we will be looking at today will come from Google Adsense.

There are multiple benefits to having a blog including the low cost (or no cost), the resources that will help you get traffic to your blog and the fact that you can provide your blog as an RSS feed. An RSS feed will allow readers to automatically receive your updates into their RSS reader.

Let's get started with our 6 steps.

1. Set up your blog. You will need to decide what you are going to blog about. You should decide on a theme and name your blog appropriately.

There are a number of free ways to set up a blog & to have it hosted for free. We will go with Blogger.com for our first blog.

Blogger will allow you to set up a blog for free they will host it for free and they will ping search engines every time you update, meaning you will get spidered & found.

Visit blogger.com & click the button on the front page labelled 'create your blog now' then follow the step by step instructions that Blogger provide.

Some key settings you will want to get right are:

I) 'Host your blog at Blogger' = Yes
II) 'Add your blog to our listings' = Yes
III) 'Ping Weblogs.com' = Yes
IV) 'Publish Site Feed' = Yes

2. Write some content. Before we move any further there has to be some information on the site & that means that you have to make some entries. You can write some of these entries yourself & some can be quotes from sites of interest to your reader that you can post using the Google Toolbar.

You can download the Google toolbar for free at toolbar.google.com. The toolbar includes a Blogger button. When you visit a site that has something of interest to your readers you can highlight the appropriate text & click the Blogger button. The content will then be added to your blog along with a link back to the site.

3. Once you have some content eg a weeks worth of blogging with 1 or 2 entries for everyday, you can apply for an adsense account. When you sign in to Blogger you will see an invitation to join Adsense. Use this link and apply for an account.

You can find out all about Adsense on the Adsense page but basically you get Google ads on your site & get paid if your visitor clicks them.

Google will decide what adverts show on your site based on the content it finds within.

You need to be aware that Google will decline your application if your site is not considered to have content. Nobody outside of Google knows the precise rules on this.

Once you have been accepted you can get some javascript from Google to add to you site. Copy this & then log in to Blogger.

Once you have logged into your blog you will see that one of the tabs across the top of the screen is labelled 'Template'. Click this. You will need to know a little bit of HTML to help find the right location to paste your Google code. But with a little experimentation you will find the right place for you. See the resource box at the end of this article for more help.

I would suggest that the ads need to be seen when the site loads but should not be too obvious or dominate your site.

4. Write some more content. Try and keep your content coming at regular intervals as a number of directories will check on your site at regular intervals & the smarter ones will visit on a schedule based on your update schedule. They will probably determine this in the hours after you first submit to them. Which is what we will do next.

5. Submit your site to Blog & RSS directories. Because you are hosting at Blogger, Weblogs.com will already be notified when you update your blog. (That means that every time you make a new entry they are automatically notified) You will need to manually submit to the various other directories some of which will require a link on your site to theirs.

You can add these links to your template below your Blogger logo. For a list of directories to get you started visit www.themoneyseed.com/rss

6. Keep writing interesting content. Ideally you want people to come back again and again. As with customers its harder to get a new visitor than to keep existing visitors. So make it interesting, in fact make it so interesting that they can't help but tell all their friends about it also.

As with most free ways to make money this will take time to get going, but if you can build a following you will make money.

Adsense - 7 keys to empire?

noreply@blogger.com (ANSARI) — Sun, 08 Nov 2009 19:32:00 +0000
There's a lot of buzz around about how you can make a quick and easy fortune using this AdSense course or that tool or this book.

And they show you their incomes from AdSense too (though not necessarily THIS month). Now, is it just me or is something a little odd in all this?

Say, I'm making $5000 - no make that $15,276 a month from AdSense on my sites. And now I'm going to sell all my secrets on how to do that for $67 or $97 or whatever.

So what happened, did I get all bored with my filthy riches and decide to become a philanthropist and sell stuff that makes me 15K a month for a pittance? Or is it something else?

Am I saying it's impossible? Certainly not. I know people who make that more.

But a little reality. Those people don't have 5 or 6 or 50 sites. They have maybe 500 or 3000 or more. Few sites make 20 or more a day. Very few. Average income is probably less than a dollar a day. So with 500 sites at a dollar a day, you've got your 15K a month.

Now the domain names cost you maybe $3500 to $4500. Then you need hosting and somehow you've got to build the sites and get traffic to them. There are excellent tools but the ones that will let you do this kind of thing in a reasonably short time are also very (very) expensive.

And you are continually dealing with sites that don't get indexed or get de-indexed or even get banned. Traffic today, gone tomorrow. Plus, if you're not real careful with those tools you may get an unpleasant letter from Google about a DMCA copyright infringement which could cost you your AdSense account.

You can make money, you can build an empire. But it isn't easy or quick no matter what you hear. And it really isn't a business. It's not a long run proposition, it's not stable. You need to keep creating more sites as older ones fail - or you need to be smart and use those AdSense revenues to build an enduring business.

You put up with this down to here, so here are the real 7 "secret" keys to AdSense.

1. The best performing AdSense type is the large rectangle. This has been tested over and over.

2. The best colors are blue for the link - surfers know that blue means click me. And darkish almost black and grey for the text and url. No borders. The same background as your page. Will it merge into your content? No, that's bogus. There are maybe 4 surfers in this galaxy who can't tell a Google ad when they see one. They are not going to believe it's part of the text. Wake up, OK?

3. Another format which is being reported to more or less work is the full wide banner type layout with text ads and images directly above the links. Try it and see if it works for you. Maybe it's a fad.

4. Keywords and related content are critical if you want targeted ads. If you want high paying clicks you need to target the costly keywords AND have content that supports the keywords.

5. You need traffic interested in the ads. Which means your traffic generation techniques have to be targeted not scattershot. You might hear that 1% or 1.5% clickthrough rate is OK and 3% is good. Nonsense. Really successful people get CTRs that are often well above 30%. Even with modest efforts you should be getting an average 6 to 15% CTR (per ad impression, not pages).

6. You have to track what you're doing and you have to test variations in ad layout, placement, color and related content to optimize your income. No one can tell you how to do it except the traffic coming to your site. If you don't test and track, you're flying blind.

7. You need to keep building new sites.

You are now a member of the AdSense Illuminati. Quite possibly you already knew all that. So why are you looking for something else? Really. This is all you need to start doing it.

Probably any course or book can help you if that's what it takes to get you moving and doing. Ultimately, no one can really show you exactly how to do it. You're going to have to learn the ropes and put in the time.

Like everything in life - the greatest traffic generator, the ultimate course or the super MLM opportunity, if it sounds too good to be true, then it is. There's no magic bullet, no ultimate secret to buy. There's no easy, painless, work free, certain road to riches (except, maybe, inheriting it and that can be very hard on the heirs).

Whatever you do on the net, do it wide awake and with your brain actually functioning. The final un-numbered key is that a technique, a shortcut, an idea that will make what you do easier, faster, or more profitable - one single tiny thing - is worth more than any book or course costs. One useable idea and you've gotten a great deal. If you learned something you didn't know or had forgotten, then it's worth much more than you paid. There may not be any magic solution out there, but there are useful concepts, techniques and ideas. You just have to see them for what they are, and then get busy and really use them.

Getting Approved by Adsense in a Jiffy…

noreply@blogger.com (ANSARI) — Sun, 08 Nov 2009 19:30:00 +0000
I don’t understand why everyone makes Adsense out to sound like some kind of devil. So far, I have a 100% approval rate for my consulting clients. You would think that we spend months developing the site to submit for approval – but to be honest; I spend less than a day (if that!)

What we found is that Google is not nearly as picky as they make themselves sound to be. The trick is to make your site in such a way that you are just providing content; we have found that the less selling you do on your approval site, the better.

Don’t worry, once you’re approved you can use that code wherever you want – so put it on other sites that sell later. But for the purposes of getting approved, try to limit to just content, content and more content!

Now, for the disclaimer before we start talking about how to get your site approved for Google Adsense. I am not a member of Google at all, everything I am about to say is all speculation and experience. I have helped over 50 clients get approved for Google Adsense without having even 1 of them not get approved – we have 100% approval rate on FIRST try.

All I am going to teach you is exactly what I do for them.

There are three main elements that I focus on when getting a client approved:

1. Site look and feel – Not that Google wants a $10,000 professionally designed website, but they also don’t want some piece of junk. Make sure to at LEAST have a presentable website – even if it is just a few tables and a solid background color. Avoid using tacky backgrounds or unprofessional color contrasts.

2. Content – The most important – Google believes in content. If you try to get a website with just a few pages approved, I don’t think you will have any luck. You need to have at least 15-20 pages, preferably, 15-20 pages of articles/resources, a.k.a. content.

3. Traffic – Many “experts” say that Google looks to see what kind of traffic you have and that they do not approve new sites with no traffic. My experience says that these experts are FULL of it. BUT, just to be safe, before you submit your site for approval – try to get your site some traffic.

Here are useful tips you need to make the entire approval process easier and quicker:

>> Get content from article directories like www.goarticles.com – just put those articles in your site, getting 15-20 is easy.

>> Before you submit your site for approval, post at some forums with your website’s link in the signature file – this will help you get some immediate traffic.

>> Make a very simple website with 15-20 articles, a contact us page, a privacy policy and the typical disclaimer.

That’s it – you’re ready to get approved for Google Adsense. I know I made it sound too easy, but honestly, we have a track record that proves it. And remember, if you do not get approved, you can always fix things and try again.

So, stop waiting – apply now – Google Adsense is a great source of income.

Tips for maximizing Your Google AdSense Revenues

noreply@blogger.com (ANSARI) — Sun, 08 Nov 2009 19:30:00 +0000
Despite what you may hear, the Google AdSense program is not for everyone. There are some types of web sites that do poorly no matter how hard the owners try, and there are others that should be doing well but the webmaster simply isn’t putting in the effort to make things happen.
Here are some tips to make AdSense work better for you. If you do them all and you’re still not having any luck, then you just might be running one of those sites that don’t make money

1. Determine if your visitors are “in the mood”

Like I mentioned at the top of this article, some web sites just don’t work with pay-per-click programs.
The best performing sites fall into one of these categories:

• Sites where users go and expect to buy something while they are there. E-commerce sites fit the bill here..
• Sites where users go to find specific information on something that they want to buy now. Music and video review sites, vacation information sites, resume building sites, etc. You don’t have to actually be selling these types of things; your site can just be a mecca for information pertaining to these things. Then, when the visitor comes to read your content, they are more likely to click on your ads.

• Sites where people who have disposable income and a credit card like to visit. This includes sites with money management, investing and lifestyle content.

• Sites that draw a large amount of new users every day. Free coupon sites and “How to” sites are good examples.
• Sites where people go who expect to read ads. Classified ads and shopping comparison sites fit into this category.

2. Make sure that your visitors don’t feel that you just want to grab their money

Give them plenty of relevant and well-written content. If writing isn’t your best skill then hire someone to do it for you. Good content brings steady traffic and steady traffic pays the bills.

3. Play by the rules

Google has some very specific Terms of Service (https://www.google.com/adsense/policies) for participating in their AdSense program. Learn those rules and follow them so you don’t lose all of your investment by getting shut out.

4. Use the tools that Google gives you

Google gives you tools for determining the best keywords for your site, measuring ad performance, and setting up different ad “channels” for fine-tuning ad results. These guys and girls are the 800 lb. Gorillas in the Pay-Per-Click market. They didn’t build these tools just to keep their programmers busy. Take advantage of their knowledge for they are very big and you are not!

5. Tweak, fine-tune and then tweak again

You should never be happy with your AdSense performance. If it’s good, then you need to make it great. If it’s great then you need to make it amazing. If it’s amazing then you need to take it to the UPS club. The UPS club? Google sends all checks over $10,000 per month to the webmaster via UPS overnight delivery. Now there’s a club that I wouldn’t mind belonging to.

6. Get more traffic

No matter how much traffic you have, you need more. More eyeballs translate to more clicks. Even if you’re only pulling a 2% click-through. That’s a lot of clicks when you have thousands of visitors each day.

7. Experiment with new keywords

New keywords can bring new ads and new eyeballs along with it. Set up some new pages on your site and experiment with different content. Once you get something that’s working then refer back to Tip # 5.

You can see results in near real time when you use Google’s AdWords. Don’t be afraid to be different. If something that everyone else is doing doesn’t work for you, then invent something that does work and get it on your site.

10 Great things NOT to do with Google AdSense

noreply@blogger.com (ANSARI) — Sun, 08 Nov 2009 19:27:00 +0000
There is no question that you can make some good money with Google AdSense, but you’re setting yourself up for disaster if you make any of these Top 10 mistakes!

1. Do not use fake information when opening your Google AdSense account.

Google says that’s a no-no and they will cut your account off and keep all the money you may have earned. Besides, trying to hide your true identity can cause serious problems with the I.R.S. or whoever your tax authority is.

2. Do not hack or modify Google AdSense code other than to change the parameters that Google authorizes you to change.

Any attempt to bypass Google’s built-in algorithms not only poses a danger to the integrity of the network, but it threatens the financial modle that Google operates under. You’re not dealing with some Mom-and-Pop company here, and Google has the legal muscle and deep enough pockets to drag you through every court in the land if you damage their business with your hacking antics.

3. Keep AdSense ads off of your registration, confirmation, and all "thank you" pages.

Don’t ask me why you can’t put your ads there. It makes sense to me that those would be wonderful locations. Google thinks otherwise, however, and doing so is a hanging offense according to their Terms of Service.

4. Do not display AdSense ads and a competitor's ads (like Overture's) on the same page at the same time.

That just makes plain good sense. Google doesn’t demand 100% SITE loyalty from you, but they do insist that their own ads not be cluttered up by offerings from their competitors.

5. Don't "beg for clicks" or provide any incentive for clicking on your Google AdSense ads.

This is a biggie and you see this rule violated all the time. Any of the “get paid to do stuff” sites that put Google ads in the member’s control panels are walking the plank and they don’t even realize it. Even those sites with the polite little messages asking you to “help keep my site running by clicking on our sponsor’s ads” are asking to be cut off if those happen to be Google ads.

6. Never click on the ads running on your own site, even if you are genuinely interested in the product or service and are thinking of buying it!

Nothing screams FRAUD louder than a webmaster running up his or her own click counts by happily clicking on ads fromtheir own site. The Google Gods can track this activity and it won’t be long until you find yourself getting a goodbye note from their fraud team.

7. No misleading labeling

Google is very specific about what text can be placed around their ads. Their Terms of Service state: “Publishers may not label the ads with text other than ‘sponsored links’ or ‘advertisements.’ This includes any text directly above our ads that could be confused with, or attempt to be associated with Google ads.”

This is to keep visitors from becoming confused and barking up Google’s tree when they clicked on an ad that led to a porn site instead of the recipe site they were expecting to visit.

8. Avoid keyword spamming and other divisive tricks

You may be tempted to buy one of those “generates thousands of key-word rich pages in seconds” programs that are so popular these days but I’ll tell you this: Their days are numbered. Google is wise to such shenanigans and they will be hot on your trail. Other prohibited gimmicks include:

• ”Sneaky” page redirects that send a visitor off to a different site then they were expecting to visit.

• Multiple sites, domains, pages, etc. which have substantially duplicate content.

• Hidden text or links of any type.

• Excessive outbound links on any page. Google recommends no more than 100. I’d keep it way below that.

• And here is a nugget of wisdom straight from Google’s mouth: “Do not participate in link schemes designed to increase your site's ranking or PageRank. In particular, avoid links to web spammers or "bad neighborhoods" on the web as your website may be affected adversely by those links.

9. Don’t advertise anything on Google’s prohibited items list.

It’s a lot shorter lists than PayPal’s or eBay’s, but it includes a lot of the same stuff like hacking/cracking content, porn, illegal drugs, gambling sites, beer or hard alcohol (I guess wine is OK), weapons, and the other usual stuff.

10. And the 10th dumbest thing NOT to do with Google AdSense is to let the other nine things stop you from running an honest site that’s designed to make the most out of this very profitable opportunity that Google offers!

A Smart Trick for Attracting Higher Paying AdSense Ads

noreply@blogger.com (ANSARI) — Sun, 08 Nov 2009 19:26:00 +0000
There are no guarantees in life, so I don’t guarantee that following these tips will bring you more money every time. However, I do guarantee that they will greatly increase your chances of pulling more of the top-paying AdSense ads to your site than if you don’t follow these suggestions.

Enough with the disclaimers, let’s get down to the business of making money. Google lets advertisers bid anywhere from a minimum of .05 per click right up to a whopping $100. It should be pretty obvious that you’re not going to get rich running .05 cent ads on your site, but getting a few $100 ads, or even some $10, $20, or $30 ads can’t be a bad thing, right?

Now the problem is, Google is pretty closed-mouthed about who is paying what for their ads, and there is no real way to determine which words pay the most per AdSense click.

But ah, far away in a parallel universe we find another Pay-Per-Click provider called Overture. It seems that Overture is less sensitive about releasing their top-priced words and anyone who cares to find out what web sites are paying for words and phrases can do so by simply using Overtures tattle-tale special pricing tool (http://www.pixelfast.com/overture/). And it couldn’t be easier to use. You simply type in a key word or phrase and the tool returns a list of advertisers using that word and how much they are paying. It even shows you the actual ad.

Oh what a treasure trove of wealth-grabbing results this can be if you know what can be done with that priceless information.

Consider this possibility

Any key word or phrase that’s worth big bucks on Overture is probably worth big bucks on Google as well, maybe even more, right? So try this experiment:

Enter the phrase “SEO Services” without the quotes in the Overture tool (http://www.pixelfast.com/overture/). When I entered that phrase on the day I wrote this article, I was found a company called SEO Inc. that was willing to pay $8.01 per click, followed by SEO Advantage at $8.00, and Online Web Consultants at $6.50. Other bidders appeared below them in the $3.00 range straight on down to some who wouldn’t pay more than a dime per click.

Now, if a company is willing to pay that much money for a click on Overture, it is probably willing to pay that or more on Google. Even if that particular company isn’t advertising on Google, you can be pretty sure that the same key phrase is drawing near the same bid price from other companies who do advertise on Google. So what that means is there is no way that you can possibly afford NOT to have some web pages posted somewhere that are targeted to those sweet-paying words.

All you have to do is use Overture’s pricing tool to find the highest-paying key words that are related to your site and then optimize those words to start pulling similar ads. If all goes to plan, you can perhaps double, triple, or even quadruple your AdSense revenue without needing any increase in traffic or click-through rate.

Winning the (r) Google AdSense War

noreply@blogger.com (ANSARI) — Sun, 08 Nov 2009 19:24:00 +0000
Some owners of content sites are earning four and even five-figure incomes per month selling "nothing." They're doing this by selling their targeted traffic to other websites through Google's AdSense program.

If you're not familiar with (r)AdSense, it's where (r)Google pays website owners ("publishers") to run ads on their sites. Google accepts paid ads from advertisers, and then shares this revenue with the publishers who allow these ads to be displayed on their sites. They pay based upon clicks generated from the publishers' sites.

Many publishers have discovered that running Google AdSense ads is more lucrative, and less trouble, than marketing their own products or services. So an entire industry has sprang up around monetizing websites using AdSense and other pay-per-click programs.

The "industry" is mature enough that seminars are even held that teach how to best monetize your content sites. I'll be attending a seminar, in New Orleans, Louisiana, on September 9th - 11th, 2005, that has this very focus. You can read more about it at: http://WillieCrawford.com/new-orleans-seminar.html

Since MOST people I've communicated with aren't earning four or five-figure incomes per month, let's examine how you increase your chances of earning these amounts.

First of all, your website has to be on a topic (a niche) where people are spending lots of money. There are niches where advertisers often spend $40 - $50 per click... just to get visitors to their websites. Obviously, these visitors buy "things" on these websites that make it worthwhile to pay that much for the traffic.

In case you're wondering what keywords any "sane" marketer would spend $50 on a single click for, read on...

Certain visitors to websites, that later convert to customers, could literally be worth thousands, even millions, to marketers. These marketers know the lifetime value of their visitors, and have the conversion rates calculated! Markets where customers can be this lucrative include legal/lawsuits, medical, higher education, real estate, new and used vehicles, investments, travel, and products offering residual income. There are many others.

I actually have a list of over 9000 keywords that I consult when building a new site, or optimizing an existing site. Doesn't it makes perfect sense to create sites that attract visitors with a high value-per-visitor?

You can grab a copy of my list along with a few personal notes on how to monetize these high-value keywords at: http://9000TopPayingKeywords.com

The keywords on the list above range from 93 cents to $108 per click. There ARE higher priced keywords but you probably don't want to focus on them since the competition can be incredibly cutthroat. There are niches where your competitors will actually sabotage your efforts. Money does that to some people :-)

It makes economic sense to build a site around topics where people are actually spending money already.

It makes sense to target a market where people have money to spend - and they expect to spend it on products similar to yours. In that sense, you can even set up site designed to generate traffic for governmental agencies, foundations, charities, etc. It's all about getting in front of the traffic and then re-directing that traffic to those willing to pay for it.

When setting up content sites, it's important that you not violate the terms-of-service at the pay-per-click management firm that you plan on using. For example, Google actually tells you that you should not build sites just for their AdSense program. Yet, they need sites to display their customers' ads in order for their program to work.

It's a delicate balancing act. Google wants to deliver relevant clicks to their customers. They know that traffic coming from "junky" or "spammy" sites may not convert as well for their customers. This would lower their customers ROI, and lead to many unhappy customers. This would drive Google's customers to their ever-growing competitors.

Google wants webmasters that have quality, targeted traffic to run AdSense Ads. When you set up a free blog on Google's Blogger.com they even have the AdSense invitation "programmed" into the signup process.

So how DO you win the Google AdSense War and get your share of that multi-billion dollar advertisers' revenue stream? You build high-quality content sites that focus on niches where people are spending money. It's as simple as that. You let those already doing it teach you what works best - it's a easy as that!

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Cash book balance (Dr)	5 000
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Uncredited cheques	500

Particulars	Rs.
Closing value of stock	40,000
Write off Bad debts (given in adjustments)	2,400
Sundry Debtors (given in trial balance)	33,200
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Particulars	Rs.
Bad debts (from trial balance)	1,600
Provision for doubtful debts (old)	2,000
Current year’s provision (new)	1,000