DNYANSAGAR INSTITUTE OF MANAGEMENT AND RESEARCH. MBA-I/SEM-I/ ASSINGNEMENT ( )
|
|
- Lee Lane
- 6 years ago
- Views:
Transcription
1 DNYANSAGAR INSTITUTE OF MANAGEMENT AND RESEARCH. MBA-I/SEM-I/ ASSINGNEMENT ( ) Note: Last date of Submission of all assignments is Instructions and evaluation criteria: 1. All questions are compulsory 2. Some assignments should be hand written on ruled sheets only and MS-Word printout. 3. Assignment must be submitted to the concerned faculty only Subject: Accounting for Business Decision 101 Assignment No.1 Explain the meaning and significance of: a. Financial Accounting b. Cost Accounting c. Management Accounting w.r.t. an organization of your choice (if you have any work experience you can choose the organization where you have worked, if not you can choose any organization). Your answer should cover the following points: Brief description of the organization (in 3-4 sentences) Meaning of financial accounting and it s correlation with the selected organization Types of financial statements prepared by the selected organization and their purpose Meaning of cost accounting and it s correlation with the selected organization Types of cost statements prepared by the selected organization and their purpose (if no such statements are prepared, they you have to specify the reason of not maintaining such statements) Meaning of management accounting and it s correlation with the selected organization How management accounting can be useful in your selected organization Assignment No.2 Following information relates to the purchases and issues transactions of XPZ category graphite at Kokuyo Camlin Limited s store at Chakan Pune, prepare stores ledger account as per FIFO, LIFO simple average and weighted average method and ascertain the value of closing stock as on 31st October 2016: Date Particulars
2 1st Oct Opening Balance 1500 Rs. 25/- 3rd Oct Issued 700 units 3rd Oct Issued 100 units 4th Oct Loss (Spoilage/destroyed/theft) 17 units 5th Oct Received from Vendor 200 Rs. 24/- 6th Oct Refund of a surplus from a work order 15 Rs. 24/- 7th Oct Issued 180 units 8th Oct Received from Vendor 240 Rs. 23/- 9th Oct Issued 3040 units 10th Oct Received from Vendor 320 Rs /- 11th Oct Issued 119 units 12th Oct Refund of a surplus from a work order 15 Rs. 24/- 18th Oct Received from vendor 100 Rs. 24/- 11th Oct Issued 119 units Assignment No.3 From the following transactions of Mrs. Joshi, you are required to prepare Trading A/c, profit and loss a/c and balance sheet for the year ended
3 Assignment No.4 Write short notes on: a. Relevant Cost b. Irrelevant Cost c. Sunk Cost d. Opportunity Cost Assignment No.5 A company has three production departments and two service departments, their primary Distribution of the cost as follow The expenses of the services department are charged on percentage basis as follows: Show secondary distribution under: a. Repeated distribution method b. Simultaneous equation method
4 Assignment No.6 Cash in hand of ABC Ltd. on 1st January, 2015 is 37500/-. From the information given below prepare an estimate of cash position during the three months, January to March, Assignment No.7 From the following information compute: a. Material Mix Variance b. Material Usage Variance
5 Assignment No.8 Assignment No.9 Based on the below mentioned details about ABC Ltd. and XYZ Ltd. for the year ending , calculate: c. Profit Volume Ratio and Break Even Point d. Margin of Safety Assignment No.10 Standard Price of Material Standard Quantity Standard Production Actual Production Rs 5 per unit 10 units of material per unit of output 100 units 90 units Calculate Material Yield Variance
6 Assignment No.11 - From the following particulars find the i) Material Cost Variance ii)material Usage Variance iii)material Price Variance Quantity of Material Purchased 3000 units Value of materials purchased Rs 9,000 Standard quantity of material required per 25 units tonne of finished product Standard rate of Material Rs 2 per unit Opening stock of material Nil Closing stock of Material 500 units Finished production during the period 80 tonnes Assignment No.12 A Factory manufacturing sewing machines has the capacity to produce 500 machines per annum. The marginal (variable) cost of each machine is Rs 200 and each machine is sold for Rs 250. Fixed overheads are Rs 12,000 per annum. Calculate the break even points for output and salas and show what profit will result if output is 90% of capacity? Assignment No.13 Following are the extracts from the Trial Balance of a firm: Trial Balance As on 31 st December, 2015 Particulars Amount Dr. Sundry Debtors 50,000 Provision for Bad Debts 5,000 Provision for Discount 2,000 Bad Debts 3,000 Discount 1,000 Additional Information: i) Additional Bad Debts Rs 1,000 ii) Additional Discount Rs 500. iii) Create a provision for bad on debtors. Amount Cr. iv) Create a provision for discount@5% on debtors.
7 Pass the necessary journal entries, Prepare Provision for Bad Debts Accounts and Provision for Discount on Debtors Account and show how the different items will appear in the Firm s Final Accounts. Assignment No.14 From the following balance extracted from the books of M/s Rajendra Kumar & Co., pass the necessary closing entries, prepare a Trading and profit & loss Account and a Balance Sheet. Particulars Rs Particulars Rs Opening Stock 1250 Plant & Machinery 6230 Sales Returns Outwards 1380 Depreciation 667 Cash in hand 895 Commission(Cr.) 211 Salaries 750 Insurance 380 Debtors 1905 Carriage Inwards 300 Discount(Dr.) 328 Furniture 670 Bills Receivable 2730 Printing Charges 481 Wages 1589 Carriage Outwards 200 Returns Inwards 1659 Capital 9228 Bank Overdraft 4000 Creditors 1780 Purchases 8679 Bills Payable 541 Petty Cash in Hand 47 Bad debts 180 The Value of stock on 31 st December, 1999 was Rs 3,700.
8 Assignment No.15 Pass the Opening Entry on January1, 2009 on the basis of the following information taken from the business of Mr. Sunil: Rs Cash in Hand 2,000 Sundry Debtors 6,000 Stock of Goods 4,000 Plant 5,000 Land & Buildings 10,000 Sundry Creditors 10,000 Assignment No.16 Prepare cost sheet showing the total cost per tone for the period ended 31 st Dec,2010 Raw Materials Rent and taxes(office) 500 Productive wages Water supply 1200 Direct expenses 3000 Factory insurance 1100 Unproductive wages Office insurance 500 Factory rent and taxes 7500 Legal expenses 400 Factory Lighting 2200 Rent of Warehouse 300 Factory heating 1500 Depreciation: Motive power 4400 Plant and Machinery 2000 Haulage 3000 Office building 1000 Director s fees(works) 1000 Delivery Vans 200
9 Director s fees(office) 2000 Bad debts 100 Factory cleaning 500 Advertising 300 Sundry office expenses 200 Sales department salaries 1500 Expenses 800 Up keeping of delivery vans 700 Factory stationary 750 Bank charges 50 Office Stationary 900 Commission on Sales 1500 Loose tools written off 600 The total output for the period has been 10,000 tones
NC 824. First Year B. C. A. Examination. April / May Financial Accounting & Management. Time : 3 Hours] [Total Marks : 50
NC 824 First Year B. C. A. Examination April / May 2003 Financial Accounting & Management Seat No. Time : 3 Hours] [Total Marks : 50 Instructions : (1) Figures to the right indicate marks. (2) Show calculations
More informationFBCA-05 April-2007 Financial Accounting and Management (New Course)
Seat No. : FBCA-05 April-2007 Financial Accounting and Management (New Course) Time : 3 Hours] [Max. Marks : 70 1. (a) Give the meaning and proforma of an Account. Also give the rules of Debit and Credit.
More informationEND-TERM EXAMINATION
(Please Write your Exam Roll No. immediately) Exam. Roll No... END-TERM EXAMINATION DECEMBER 2006 Exam Series code: 100415DEC06200459 Paper Code : MCA-109 Subject: Financial Accounting Time: 3 Hours Maximum
More informationINTERNATIONAL INDIAN SCHOOL RIYADH
INTERNATIONAL INDIAN SCHOOL RIYADH ACCOUNTANCY WORK SHEET 8 CLASS 11 CHAPTER: FINANCIAL STATEMENTS Q.1 Find out (a) Cost of goods sold (b) Closing Stock. Opening Stock 15,000 Sales 1350,000 Purchases 1050,000
More informationManufacturing Accounts
All questions copyright of Cambridge International Examinations 1 Manufacturing Accounts All questions copyright of Cambridge International Examinations 2 2 1 The following balances were extracted from
More informationComposed & Solved Hafiz Salman Majeed
FINALTERM EXAMINATION Fall 2008 MGT101- Financial Accounting (Session - 4) Question No: 1 ( Marks: 1 ) - Please choose one Wages outstanding given in the trial balance will be treated as a (an): Asset
More informationQuestion No: 1 ( Marks: 1 ) - Please choose one Wages outstanding given in the trial balance will be treated as a (an):
Question No: 1 ( Marks: 1 ) - Please choose one Wages outstanding given in the trial balance will be treated as a (an): Asset Liability Revenue Deferred expense Question No: 2 ( Marks: 1 ) - Please choose
More informationFINANCIAL ACCOUNTING II. Berjaya Engineering Sdn Bhd produces the following balances from its books at 31 December 20x1:
Question 1 Berjaya Engineering Sdn Bhd produces the following balances from its books at 31 December 20x1: Stocks at 1 January 20x1 Raw materials Work-in-progress (factory cost) Finished goods (transfer
More informationFirst Semester MBA Degree Examination, Accounting for Managers Model Question Paper-2 Time: 3 hrs. Max. Marks: 100
USN 18MBA13 First Semester MBA Degree Examination, Accounting for Managers Model Question Paper-2 Time: 3 hrs. Max. Marks: 100 Note: 1. Answer any FOUR full questions from Part-A. 2. Part-B Case Study
More informationTime: 3 hours Max. Marks: 70. PART B (Answer all five units, 5 X 10 = 50 Marks) UNIT I
Code: 13A52501 R13 B.Tech III Year II Semester (R13) Regular & Supplementary Examinations May/June 2017 (Common to ME, ECE and EIE) Time: 3 hours Max. Marks: 70 PART A (Compulsory Question) 1 Answer the
More informationCOMPILED BY : CA RAJESH R DALAL-J.M.PATEL COLLEGE OF COMMERCE-FOR CLASS WORK
PARTNERSHIP FINAL ACCOUNT 1) A and B were in partnership sharing profit in the ration 3: 2. From 1 st January, 2018 they admitted C into partnership giving him 1/6 th share in Profit. He brought Rs cash,
More informationPadasalai.Net s Quarterly Exam Model Question Paper. Time Allowed : 2:30 hours Maximum Marks : 90 XII-Accountancy
Padasalai.Net s Quarterly Exam Model Question Paper Time Allowed : 2:30 hours Maximum Marks : 90 XII-Accountancy I. CHOOSE THE CRECT ANSWER 20 X 1 =20 1. Pick the odd one out. a) Outstanding salary b)
More informationMIDTERM EXAMINATION MGT101- Financial Accounting (Session - 5) Time: 60 min Marks: 50
MIDTERM EXAMINATION MGT101- Financial Accounting (Session - 5) Time: 60 min Marks: 50 Question No: 1 ( Marks: 1 ) - Please choose one An accounting system is used by a business to: Analyze transactions
More information[4] Total No. of Questions: 6 Total No. of Printed Pages:4
[4] (c) A cheque issued but not presented in bank for Rs. 000 (d) Bank Charges Rs. 00 entered in passbook not in cash nook (e) A dividend of Rs. 900 collected by bank not entered in cashbook (f) Cheque
More informationLOYOLA COLLEGE (AUTONOMOUS), CHENNAI
LOYOLA COLLEGE (AUTONOMOUS), CHENNAI 600 034 B.Com. DEGREE EXAMINATION COMMERCE FIRST SEMESTER APRIL 2016 CO 1500 FINANCIAL ACCOUNTING Date: 02-05-2016 Dept. No. Max. : 100 Marks Time: 01:00-04:00 Answer
More informationPrepared and solved by Cyberian www,vuaskari.com
Franchise rights, goodwill and patents are the examples of: Liquid assets Tangible assets Intangible assets Current assets Any expense that gives benefit for a period of less than twelve months is called.
More informationManufacturing Account (With answers)
Manufacturing Account (With answers) A) Modified Trading and Profit and Loss Account A company imported transistor radios from Britain, however, the radios must be modified to meet Hong Kong specifications
More informationCOMSATS INSTITUTE OF INFORMATION TECHNOLOGY, ABBOTTABAD
COMSATS INSTITUTE OF INFORMATION TECHNOLOGY, ABBOTTABAD Registration # Signature Quiz # 2 and 3 Financial MBA 1(3.5) Instructions: 1. Borrowing of Calculator, Ruler etc. is not allowed 2. Switch off Mobile
More informationTHE CATHOLIC UNIVERSITY OF EASTERN AFRICA A. M. E. C. E. A
THE CATHOLIC UNIVERSITY OF EASTERN AFRICA A. M. E. C. E. A CITY CAMPUS MAIN EXAMINATION P.O. Box 62157 00200 Nairobi - KENYA Telephone: 891601-6 Fax: 254-20-891084 E-mail:academics@cuea.edu JANUARY APRIL
More informationMGT101 All Solved Past Papers of Mid Term Exam in one file By
MGT101 All Solved Past Papers of Mid Term Exam in one file By http://vustudents.ning.com MIDTERM EXAMINATION 7 th Dec 2009 MGT101- Financial Accounting Question No: 1 Income of the business includes: Cash
More informationR10 SET a) Explain the exceptions to the law of demand. b) Discuss various determinants of demand for electronic gadgets.
R10 SET - 1 II B. Tech I Semester Regular Examinations, March 2014 MANAGERIAL ECONOMICS AND FINANCIAL ANALYSIS (Com. to EEE, ME, ECE, EIE, CSE, IT, ECC, BME) Time: 3 hours Max. Marks: 75 Answer any FIVE
More informationFoundation Access Course for Undergraduate Programmes. Examinations for / Semester 1
Foundation Access Course for Undergraduate Programmes Cohort: FACUP/09/FT Examinations for 2009 2010 / Semester 1 MODULE: FOUNDATION IN ACCOUNTING I MODULE CODE: ACCF Duration: 2 1 2 Hours Reading time:
More informationClass-XI CBSE. Time : 3 hrs. Financial Accounting MM-90
Class-XI CBSE Time : 3 hrs. Financial Accounting MM-90 General Instructions (i) This question paper contains two parts A and B (ii) All question in both the parts are compulsory (iii) All parts of the
More informationCPT Chapter2, Unit-3 Fundamentals of Accountancy CA.S.K.Chhabra
CPT Chapter2, Unit-3 Fundamentals of Accountancy CA.S.K.Chhabra What is a Trial balance? It is a Statement prepared to ensure the arithmetical accuracy of all the accounts before the preparation of the
More informationNCERT Solutions for Class 11 Accountancy. Financial Accounting Part-2 Chapter 2
NCERT Solutions for Class 11 Accountancy Financial Accounting Part-2 Chapter 2 Financial Statements Short answers : Solutions of Questions on Page Number : 422 Q1 : Why is it necessary to record the adjusting
More informationNCERT Solutions for Class 11 Accountancy Financial Accounting Part-2 Chapter 2
NCERT Solutions for Class 11 Accountancy Financial Accounting Part-2 Chapter 2 Financial Statements Class 11 Chapter 2 Financial Statements Exercise Solutions
More informationCOMSATS Institute of Information Technology Abbottabad
COMSATS Institute of Information Technology Abbottabad Department of Management Sciences Terminal Section A Class: Date: Subject: Accounting Instructor: Zaheer A. Swati Time Allowed: 30 Minutes Max Marks:
More informationPaper No:34 Solved by Chanda Rehman & ABr
Paper No:34 Solved by Chanda Rehman & ABr FINALTERM EXAMINATION Fall 2009 MGT101- Financial Accounting (Session - 2) Time: 120 min Marks: 87 Question No: 1 ( Marks: 1 ) - Please choose one We can say that
More informationReconciliation of Cost & Financial Records
Reconciliation of Cost & Financial Records Financial Accounts. Introduction: Financial accounts are the records of the financial dealings of the business, their every day transactions. The main role of
More informationPANCHAKSHARI S PROFESSIONAL ACADEMY PVT LTD (Your Lifelong Knowledge Partner )
50 Questions 50 Marks 60 Minutes Rectification of Error Select the best choice to answer the following questions: 1. Which of the following statement is/are correct? (i) A separate suspense account should
More informationCOMPOSED BY SADIA ALI SADI (MBA)
Mega File MGT101 Fall 2011 Question No: 7 ( Marks: 1 ) - Please choose one Which of the following business publishes the Financial Statements? Sole-Proprietorship Partnership Trust Public Limited Company
More informationRate = 1 n RV / C Where: RV = Residual Value C = Cost n = Life of Asset Calculate the rate if: Cost = 100,000
Solved by ABr & Chanda Rehman Final MCQs It is supposed that on 31st December, 2007, the sundry debtors are amounted to Rs. 40,000. On the basis of past experience, it is estimated that 10% of the sundry
More informationINDIAN SCHOOL MUSCAT DEPARTMENT OF COMMERCE & HUMANITIES CLASS :11 ACCOUNTANCY Financial Statements of Sole proprietorship
Worksheet No:12 INDIAN SCHOOL MUSCAT DEPARTMENT OF COMMERCE & HUMANITIES CLASS :11 ACCOUNTANCY Financial Statements of Sole proprietorship Issued on : ------------------------- Date of submission:------------------------
More informationSET - I Paper 2-Fundamentals of Accounting
SET - I Paper 2-Fundamentals of Accounting Full Marks: 100 Time allowed: 3 Hours PART A I. Choose the correct answer from the given four alternatives: [6 1=6] 1. Accounting function does not include (a)
More informationTotal number of questions : 8 Total number of printed pages : 8
Roll No Time allowed : 3 hours : 1 : Maximum marks : 100 Total number of questions : 8 Total number of printed pages : 8 NOTE : All working notes should be shown distinctly. PART A (Answer Question No.1
More informationFinal Account Test paper 100 Question
Final Account Test paper 100 Question Test ID :051 Date : 17/08/2017 Time :01:59:48 Instruction for Qusetion 1 To 100 MCQ Qn.1) net profit before commission has been Rs.1,20,000. Manager s commission is
More information(50) BASIC ACCOUNTING
All Rights Reserved Time: 03 hours THE ASSOCIATION OF ACCOUNTING TECHNICIANS OF SRI LANKA Instructions to candidates FOUNDATION EXAMINATION - JANUARY 2015 (50) BASIC ACCOUNTING (1) This paper consists
More informationCS101 Introduction of computing
FINAL TERM EXAMINATION MGT101- Financial Accounting (PAPER 1). Question No: 1 (Marks: 1 ) basic accounting principle/concept according to which Business is independent from its owner(s) is known as: Separate
More informationPAPER 10- COST & MANAGEMENT ACCOUNTANCY
PAPER 10- COST & MANAGEMENT ACCOUNTANCY Academics Department, The Institute of Cost Accountants of India (Statutory Body under an Act of Parliament) Page 1 Paper 10 - Cost & Management Accountancy Full
More informationHIGHER SECONDARY I ST YEAR ACCOUNTANCY. TIME : 2 ½ Hours MARKS : 90 MODEL QUESTION PAPER PART - I
HIGHER SECONDARY I ST YEAR ACCOUNTANCY TIME : 2 ½ Hours MARKS : 90 MODEL QUESTION PAPER PART - I Answer all the questions. Choose the correct answer. 20 X 1 = 20 1. The Debts owing to others by business
More informationCOMMERCE & LAW PROGRAM DIVISION (CLPD) ANSWER KEY TO CS-EXECUTIVE DECEMBER-2014 (ATTEMPT) CODE-C SUBJECT : COST & MANAGEMENT ACCOUNTING
COMMERCE & LAW PROGRAM DIVISION (CLPD) ANSWER KEY TO CS-EXECUTIVE DECEMBER-2014 (ATTEMPT) CODE-C SUBJECT : COST & MANAGEMENT ACCOUNTING 1. If the minimum stock level and average stock level of raw material
More informationP.G. Diploma in Banking and Finance EXAMINATION, 2017 BANKS, FINANCIAL INSTITUTIONS AND FINANCIAL MARKETS. Paper I
Total No. of Questions 5] [Total No. of Printed Pages 2 Seat No. [5179]-1 P.G. Diploma in Banking and Finance EXAMINATION, 2017 BANKS, FINANCIAL INSTITUTIONS AND FINANCIAL MARKETS Paper I Time : Three
More informationCS Executive Programme Module - I December Paper - 2 : Cost and Management Accounting
ISBN : 978-93-5034-747-8 Solved Scanner Appendix CS Executive Programme Module - I December - 2013 Paper - 2 : Cost and Management Accounting Chapter - 1 : Introduction to Cost and Management Accounting
More informationFOUNDATION EXAMINATION
FOUNDATION EXAMINATION (SYLLABUS 2008) SUGGESTED ANSWERS TO QUESTIONS JUNE 2012 Paper-2 : ACCOUNTING Time Allowed : 3 Hours Full Marks : 100 The figures in the margin on the right side indicate full marks.
More informationIOCM Pvt. Ltd. 1 By:- Mr. Santosh Kumar
IOCM Pvt. Ltd. 1 By:- Mr. Santosh Kumar BANK RECONCILIATION STATEMENT 1. Cheques prepared but not yet issued to creditors before the year end, should be shown in the balance sheet: (a) As part of Cash
More informationPTP_Intermediate_Syllabus 2012_Jun2014_Set 1. Paper 5- Financial Accounting
Paper 5- Financial Accounting Whenever necessary, suitable assumptions should be made and indicate in answer by the candidates. Working Notes should form part of your answer Section A is compulsory and
More informationINSTITUTE OF AERONAUTICAL ENGINEERING (Autonomous) Dundigal, Hyderabad
INSTITUTE OF AERONAUTICAL ENGINEERING (Autonomous) Dundigal, Hyderabad - 500 043 MASTER OF BUSINESS ADMINISTRATION TUTORIAL QUESTION BANK Name : ACCOUNTING FOR MANAGEMENT Code : CMBB02 Class : I Semester
More informationNABTEB Past Questions and Answers - Uploaded online
QUESTION 1 NATIONAL BUSINESS AND TECHNICAL EXAMINATION BOARD NBC MAY/JUNE 2005 FINANCIAL ACCOUNTING (a) Differentiate between preference shares and ordinary shares of a company. (b) Explain the following
More informationAccountancy. Blue Print. Part A
Accountancy Blue Print Part A S.No Lesson Name V.Short Short Long Total 1. Introduction - 3(1) 4(1) - 7 2. Theory Base Accounting 1(1) 3(2) - 7 3. Recording of business transactions - 4(1) 6(2) 16 4. Trail
More informationPostal Test Paper_P2_Foundation_Syllabus 2016_Set 2 Paper 2- Fundamentals of Accounting
Paper 2- Fundamentals of Accounting Academics Department, The Institute of Cost Accountants of India (Statutory Body under an Act of Parliament) Page 1 Paper 2 - Fundamentals of Accounting Full Marks :100
More informationMTP_Intermediate_Syllabus 2016_Dec 2017_Set 2 Paper 5- Financial Accounting
Paper 5- Financial Accounting Academics Department, The Institute of Cost Accountants of India (Statutory Body under an Act of Parliament) Page 1 Paper 5- Financial Accounting Full Marks : 100 Time allowed:
More informationCERTIFIED INTERNATIONAL TAX ACCOUNTANTS UK
CERTIFIED INTERNATIONAL TAX ACCOUNTANTS UK SAMPLE QUESITONS SUBJECT/MODULE: PROGRAMME / LEVEL: Financial Accounting I CITA Level I INSTRUCTION: Attempt all questions TIME: 3hrs APPLICATION: Students are
More informationCHAPTER - 4 BASIC ACCOUNTING PROCEDURES LEDGER AND TRIAL BALANCE
CHAPTER 4 BASIC ACCOUNTING PROCEDURES LEDGER AND TRIAL BALANCE Learning Objectives After studying this chapter, you will be able to: To understand the Meaning and Procedure for posting. To know the Procedure
More informationFINANCIAL STATEMENTS OF SOLE PROPRIETORSHIP
CHAPTER-9 FINANCIAL STATEMENTS OF SOLE PROPRIETORSHIP Learning Objectives After studying this lesson you will be able to; State the nature of the financial statements; Distinguish between the capital and
More informationPROFITS OR LOSS PRIOR TO INCORPORATION
CHAPTER 3 PROFITS OR LOSS PRIOR TO INCORPORATION Learning Objectives After studying this chapter, you will be able to: Account for pre-incorporation profit. Learn various methods for computing profit or
More informationPaper No:25 Solved by Chanda Rehman & ABr
Paper No:25 Solved by Chanda Rehman & ABr FINALTERM EXAMINATION Fall 2008 MGT101- Financial Accounting (Session - 1) Marks: 85 Question No: 1 ( Marks: 1 ) - Please choose one The area of accounting concerned
More informationTime allowed : 3 hours Maximum marks : 100. Total number of questions : 8 Total number of printed pages : 10 PART A
: 1 : 262 RollNo... Time allowed : 3 hours Maximum marks : 100 Total number of questions : 8 Total number of printed pages : 10 NOTE : All working notes should be shown distinctly. PART A (Answer Question
More informationCHAPTER 6 FINAL ACCOUNTS WITH ADJUSTMENTS
CHAPTER 6 FINAL ACCOUNTS WITH ADJUSTMENTS When a person starts a business he wishes to know the financial performance of his business. A convenient and universally accepted method of knowing this is to
More informationSCHOOL OF ACCOUNTING AND BUSINESS BSc. (APPLIED ACCOUNTING) GENERAL / SPECIAL DEGREE PROGRAMME
All Rights Reserved No. of Pages - 12 No of Questions - 06 SCHOOL OF ACCOUNTING AND BUSINESS BSc. (APPLIED ACCOUNTING) GENERAL / SPECIAL DEGREE PROGRAMME YEAR I SEMESTER I (INTAKE VI GROUP B) END SEMESTER
More informationQuestion Paper Financial Accounting -I (MB131): October 2007
Page 1 of 20 Question Paper Financial Accounting -I (MB131): October 2007 Answer all questions. Marks are indicated against each question. 1. Which of the following is a current asset? Building Goodwill
More information(AA22) COST ACCOUNTING AND REPORTING
All Rights Reserved ASSOCIATION OF ACCOUNTING TECHNICIANS OF SRI LANKA AA2 EXAMINATION - JULY 2015 (AA22) COST ACCOUNTING AND REPORTING Instructions to candidates (Please Read Carefully): (1) Time: 03
More information(AA11) FINANCIAL ACCOUNTING BASICS
All Rights Reserved ASSOCIATION OF ACCOUNTING TECHNICIANS OF SRI LANKA AA1 EXAMINATION - JANUARY 2019 (AA11) FINANCIAL ACCOUNTING BASICS Instructions to candidates (Please Read Carefully): (1) Time allowed:
More informationCHAPTER 6 FINAL ACCOUNTS WITH ADJUSTMENTS
CHAPTER 6 FINAL ACCOUNTS WITH ADJUSTMENTS Suppose, the firm closes its books on 31st March and rent for the month of March has not been paid, this expense "rent" has been incurred and yet to be paid. Therefore,
More informationMTP_Intermediate_Syl2016_June2018_Set 2 Paper 8- Cost Accounting
Paper 8- Cost Accounting DoS, The Institute of Cost Accountants of India (Statutory Body under an Act of Parliament) Page 1 Cost Accounting Full Marks: 100 Time allowed: 3 hours Section- A Answer the following
More information(AA11) FINANCIAL ACCOUNTING BASICS
All Rights Reserved ASSOCIATION OF ACCOUNTING TECHNICIANS OF SRI LANKA AA1 EXAMINATION - JANUARY 2017 (AA11) FINANCIAL ACCOUNTING BASICS Instructions to candidates (Please Read Carefully): (1) Time allowed:
More informationFinal Accounts. A) Trading A/c Dr. Trading A/c Cr. Particulars Amt. Particulars Amt.
Chapter 13 Final Accounts * Cost of Goods sold = Op. stock + Purchases Cl. Stock * Gross Profit = Sales Cost of Goods sold * Gross Profit = Sales G.P.% * Gross profit can be a percentage on Cost or it
More informationMGT101- Financial Accounting
MIDTERM EXAMINATION MGT101- Financial Accounting Question No: 1 ( Marks: 1 ) - Please choose one Depreciation arises because of: Fall in the market value of an asset Fall in the value of money Physical
More informationAnswer to MTP_Intermediate_Syllabus 2008_Jun2014_Set 1
Paper-8: COST & MANAGEMENT ACCOUNTING SECTION - A Answer Q No. 1 (Compulsory) and any 5 from the rest Question.1 (a) Match the statement in Column 1 with the most appropriate statement in Column 2 : [1
More informationMGT101 FINANCIAL ACCOUNTING SOLVED QUIZZES 3 LESSON 1 30
MGT101 FINANCIAL ACCOUNTING SOLVED QUIZZES 3 LESSON 1 30 Wages paid to laborers working in the manufacturing department is treated as an expense of: Cost of goods sold Administrative expense Selling expense
More informationG.C.E. (A.L.) Support Seminar- 2014
G.C.E. (A.L.) Support Seminar- 2014 Accounting I Two hours Instructions ( Answer all the questions. Select the correct answers for questions No. 1-30 and write its number on the dotted line given. Write
More informationmyepathshala.com (For Crash Course & Revision)
14.1 Introduction of Chapter 14.2 Liquidity Ratios (Formulas) Chapter 14 Accounting Ratios 14.3 Liquidity Ratios (Questions) [Ill. 1, 4, 11, 20, 22] Ill. 1 From the following, compute the Current Ratio
More informationFundamentals of Accounting Resources
Contents Figure 1 - The Profit and Loss statement example... 2 Figure 2 - Balance sheet example... 3 Figure 3 - Example of a Balance Sheet... 4 Figure 4 - Example of a Profit & Loss Sheet... 5 Figure 5-10
More informationA C C O U N T I N G - H I G H E R L E V E L (400 marks)
AN ROINN OIDEACHAIS AGUS EOLAÍOCHTA M.55 LEAVING CERTIFICATE EXAMINATION, 2001 A C C O U N T I N G - H I G H E R L E V E L (400 marks) THURSDAY, 14 TH JUNE - MORNING 9.30 a.m. to 12.30 p.m. This paper
More informationAnswer to MTP_Foundation_Syllabus 2012_Jun2017_Set 1 Paper 2- Fundamentals of Accounting
Paper 2- Fundamentals of Accounting Academics Department, The Institute of Cost Accountants of India (Statutory Body under an Act of Parliament) Page 1 Paper 2- Fundamentals of Accounting Full Marks :
More information322 Roll No : 1 : Time allowed : 3 hours Maximum marks : 100
2/2013/CMA (N/S) Roll No : 1 : Time allowed : 3 hours Maximum marks : 100 Total number of questions : 6 Total number of printed pages : 7 NOTE : 1. Answer ALL Questions. 2. All working notes should be
More informationMGT101 Long Questions
MGT101 Long Questions Question No: 56 ( Marks: 5 ) Write down the five advantages of Limited Company. Answer It is a legal entity created by law and hence has its own recognition, good will and brand equity
More informationPAPER 1: PRINCIPLES AND PRACTICE OF ACCOUNTING QUESTIONS. Explain Cash and Mercantile system of accounting.
True and false PAPER 1: PRINCIPLES AND PRACTICE OF ACCOUNTING QUESTIONS 1. State with reasons, whether the following statements are true or false: (i) (ii) Net income in case of persons practicing vocation
More informationFINAL ACCOUNTS vis-à-vis Financial Statements. Samir K Mahajan
FINAL ACCOUNTS vis-à-vis Financial Statements Samir K Mahajan CLASSIFICATION OF FINAL ACCOUNT Trial balance proves the arithmetical accuracy of the business transactions, but it is not the end. The businessman
More informationFINANCIAL STATEMENTS OF LIMITED COMPANIES (Continued)
Lesson # 39 Question # 1: FINANCIAL STATEMENTS OF LIMITED COMPANIES (Continued) KKB (Private) Limited is a manufacturing company. Following list of balances has been extracted from its books as on June
More informationMID TERM EXAMINATION Spring 2010 MGT402- Cost and Management Accounting (Session - 2) Time: 60 min Marks: 47
MID TERM EXAMINATION Spring 2010 MGT402- Cost and Management Accounting (Session - 2) Time: 60 min Marks: 47 Question No: 1 ( Marks: 1 ) - Please choose one Which of the following product cost is Included
More informationTHE PUBLIC ACCOUNTANTS EXAMINATION COUNCIL OF MALAWI 2014 EXAMINATIONS FOUNDATION STAGE PAPER 1: ACCOUNTING FRAMEWORK
EXAMINATION NO. THE PUBLIC ACCOUNTANTS EXAMINATION COUNCIL OF MALAWI 2014 EXAMINATIONS FOUNDATION STAGE PAPER 1: ACCOUNTING FRAMEWOR MONDAY, 2 JUNE 2014 TIME ALLOWED : 3 HOURS 9.00 AM 12.00 NOON INSTRUCTIONS:
More information(50) BASIC ACCOUNTING
All Rights Reserved Time: 03 hours THE ASSOCIATION OF ACCOUNTING TECHNICIANS OF SRI LANKA Instructions to candidates FOUNDATION EXAMINATION - JANUARY 2013 (50) BASIC ACCOUNTING (1) This paper consists
More informationCS101 Introduction of computing
MGT101 Financial Accounting Lecture wise s Answers for Final Term Exam Preparation Write down the five advantages of Limited Company. Answer 1. It is legal entities created by law and hence has its own
More informationSCHOOL OF ACCOUNTING AND BUSINESS BSc. (APPLIED ACCOUNTING) GENERAL / SPECIAL DEGREE PROGRAMME
All Rights Reserved Index No No. of Pages - 12 No of Questions - 08 SCHOOL OF ACCOUNTING AND BUSINESS BSc. (APPLIED ACCOUNTING) GENERAL / SPECIAL DEGREE PROGRAMME YEAR I SEMESTER I (INTAKE VI GROUP A)
More informationSUGGESTED SOLUTION IPCC NOVEMBER 2018 EXAM. Test Code -
SUGGESTED SOLUTION IPCC NOVEMBER 2018 EXAM COSTING Test Code - BRANCH - (MUMBAI-2 (DB) (Date : 01.07.2018) Head Office : Shraddha, 3 rd Floor, Near Chinai College, Andheri (E), Mumbai 69. Tel : (022) 26836666
More informationFINANCIAL ACCOUNTING II. Alex and Ben have been in partnership for many years, sharing profits and losses equally.
Question 1 Alex and Ben have been in partnership for many years, sharing profits and losses equally. At 30 June 2010, their summarised Balance Sheet was as follows: Fixed Assets Goodwill Premises (at cost)
More informationBATCH All Batches. DATE: MAXIMUM MARKS: 100 TIMING: 3 Hours. PAPER 3 : Cost Accounting
BATCH All Batches DATE: 25.09.2017 MAXIMUM MARKS: 100 TIMING: 3 Hours PAPER 3 : Cost Accounting Q. No. 1 is compulsory. Wherever necessary suitable assumptions should be made by the candidates. Working
More information2011 FINANCIAL MANAGEMENT - III
http://www.makaut.com Name :. Roll No. :..... Invigilator s Signature :.. 2011 FINANCIAL MANAGEMENT - III Time Allotted : 3 Hours Full Marks : 70 The figures in the margin indicate full marks. Candidates
More informationHigher National Diploma in Accountancy Third Year, First Semester Examination 2014 DA3101-Advanced Management Accounting
[All Rights Reserved] SLIATE SLIAE SRI LANKA INSTITUTE OF ADVANCED TECHNOLOGICAL EDUCATION (Established in the Ministry of Higher Education, vide in Act No. 29 of 1995) Higher National Diploma in Accountancy
More information15 FINANCIAL STATEMENTS-II You have learnt that Income Statement i.e. Trading & Profit and Loss Account and Position Statement i.e., Balance Sheet are two financial statements, which are prepared by every
More informationFINAL CA May 2018 Financial Reporting
FINAL CA May 2018 Financial Reporting Test Code F5 Branch: Andheri Date: 10.12.2017 (50 Marks) Note: All questions are compulsory. Question 1 (9 marks) Value Added Statement of Pradeep Ltd. for the period
More informationMIDTERM EXAMINATION Fall 2009 MGT101- Financial Accounting (Session - 2)
MIDTERM EXAMINATION Fall 2009 MGT101- Financial Accounting (Session - 2) Question No: 1 ( Marks: 1 ) - Please choose one Particulars Rs. Opening written down value of machine 1,00,000 Cost of new machine
More informationINTER CA MAY COSTING Topic: Standard Costing, Budgetary Control, Integral and Non Integral, Materials, Marginal Costing.
INTER CA MAY 218 COSTING Topic: Standard Costing, Budgetary Control, Integral and Non Integral, Materials, Marginal Costing. Note: All questions are compulsory. Test Code M33 Branch: MULTIPLE Date: 21.1.218
More information6 Non-integrated, Integrated & Reconciliation of Cost and Financial Accounts
5.43 Activity Based Costing 6 Non-integrated, Integrated & Reconciliation of Cost and Financial Accounts Question 1 Write short note on Cost Ledger Control Account (May, 1996, 4 marks) Answer Cost Ledger
More informationIPCC November COSTING & FM Test Code 8051 Branch (MULTIPLE) (Date : ) All questions are compulsory.
IPCC November 2017 COSTING & FM Test Code 8051 Branch (MULTIPLE) (Date : 09.07.2017) (50 Marks) Note: All questions are compulsory. Question 1 (8 marks) Cash Flow Statement As on 31 st March, 2015 A. Cash
More informationPAPER 3 : COST ACCOUNTING AND FINANCIAL MANAGEMENT PART I : COST ACCOUNTING QUESTIONS
PAPER 3 : COST ACCOUNTING AND FINANCIAL MANAGEMENT PART I : COST ACCOUNTING QUESTIONS Material 1. The following information has been extracted from the records of a cotton merchant, for the month of March,
More informationTest Series: March, 2017
MOCK TEST PAPER INTERMEDIATE (IPC) : GROUP I PAPER 1: ACCOUNTING Question No. 1 is compulsory. Answer any five questions from the remaining six questions. Test Series: March, 2017 Wherever necessary suitable
More informationQuestion No: 17 ( Marks: 1 ) - Please choose one Which financial statement show what a business owes at a particular point in time?
Paper No:1 Solved by Chanda Rehman& Kamran Haider 2010 Final Paper Question No: 7 ( Marks: 1 ) - Please choose one Which of the following business publishes the Financial Statements? Sole-Proprietorship
More informationTest Series: September, 2014
MOCK TEST PAPER 1 INTERMEDIATE (IPC) : GROUP I PAPER 1: ACCOUNTING Question No. 1 is compulsory. Answer any five questions from the remaining six questions. Test Series: September, 2014 Wherever necessary
More informationPaper 2- Fundamentals of Accounting
Paper 2- Fundamentals of Accounting Academics Department, The Institute of Cost Accountants of India (Statutory Body under an Act of Parliament) Page 1 Paper 2- Fundamentals of Accounting Full Marks :100
More information