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1. The nature of Voyage Account is of:, (i) Personal Account, (iii) Real Account, 2. Body or frame of a ship is called :, (i) Vessel, (iii) Hull, 3. Stevedoring Charges are the wages paid to the coolies:, (i) for loading of goods, (iii) for loading and unloading of goods, (ii) Nominal Account, (iv) None of these., (ii) Steamer, (iv) None of these., (ii) for unloading of goods, (iv) None of the above.

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Annual Standing Charges (apart from Depreciation and Insurance of the ship) are apportioned to a, particular voyage, ) in the proportion of period of voyage, (ii) in the proportion of freight, (iii) in the proportion of passage money, (iv) in equal proportion,, 5. Depreciation =, Cost of ship-Scrap value Days of voyage, Total life of ship in years, 365 days, This formula is used when:, ) rate of depreciation pa. is given, (ii) rate of depreciation without 'pa.' is given, (iii) rate of depreciation is not given at all., 6. Freight insurance policy is taken by the shipping company:, Oto avoid the risk of goods being damaged, (i) to assure the safe arrival of the ship, (ii) to avoid the risk of freight not being recovered, (iv) none of the above., 7. It is not an item of income with reference to a Voyage Account:, (i) Passage Money, (iii) Primage, 8. Voyage in Progress means:, (i) incomplete return journey on the closing date of accounting year, (i) incomplete new outward journey on the closing date of accounting year, (iii) both (i) and (ii), (ii) Freight, (iv) Address Commission, (iv) none of the above, 9. Income from saloon in a ship is:, i) credited in the Voyage a/c, (ii) credited nowhere, 10. Expenses related to the incomplete journey are treated as :, (i) prepaid expenses, (iii) both (i) and (ii), [Ans. 1. (ii) 2. (ii) 3. (ii) 4. (1) 5. (ii) 6. (iii) 7. (iv) 8. (ii) 9. (i) 10. (6).), (ii) credited in the P &L afc, (iv) added to freight, (ii) outstanding expenses, (iv) none of these, (II), Mention whether the following statements are "True' or 'False':, 1. A separate voyage account is prepared for each voyage of each ship., 2. Body or frame of a ship is called Hull'., 3. When a ship has started from a port but has not reached the destination till the end of the accounting, period, the journey is called 'a complete jourmey'., 4. Port days are not included in the period of voyage., 5. Address Commission is shown in the credit side of voyage account., 6. Primage is deducted from the basic freight of return journey., 7. To' and 'By' words are not used in a Voyage Account., 8. Bunker is that part of the ship where coal, diesel, petrol, fresh water, stores, etc, are kept., 9. Full amount of incomes related to the incomplete voyage is shown on the debit side of Voyage a/c, under the heading "Voyage in Progress'., 10. Basic Freight' means freight plus primage.