13 - Saket College
Transcript of 13 - Saket College
SAMPLE QUESTIONS
CLASS :T.Y.B.COM SEM VI C7525 Subject: Financial Accounting & Auditing : Paper VIII - FinancialAccounting
Sr. No. Question Option1 Option2 Option3 Option4
1
Debentures should be shownunder Secured loans Unsecured loans Reserve fund None of the above
2
Fixed deposits should be shownunder Loans Deposits Unsecured loans Current liabilities
3
The company must destroy thecertificate after buyback within_____. 7 days of completion
10 days ofcompletion 21 days of completion 42 days of completion
4
After completion of buyback,Buyback Return must be filedwith _____.
Registrar ofcompanies SEBI Registrar and SEBI Registrar of Stock Exchange
5
To comply with the obligationsunder Buyback the companymust open _____. An escrow A/c A current A/c A savings A/c A fixed deposit A/c
6
Before buyback the companyshall file with the Registrar andSEBI _____.
A statement in lieuof prospectus A prospectus
A declaration ofinsolvency A declaration of solvency
7
Equity shares can be bought back_____.
out of profits only out of proceeds offresh issue out of capital profit only
out of free reserves / securitiespremium / proceeds of fresh issue
8
Loose tools should be disclosedunder Fixed assets Current assets Other items Misc. Expenses
9
Govt. securities purchasedshould be disclosed under Investments Current assets Other items Misc. Expenses
10
An exchange rate on the date ofBalance Sheet is known as _____. average rate closing rate non-monetary rate monetary rate
11
Non-monetary items are valuedat _____. market price current price historical cost fluctuating price
12
Reporting currency is thecurrency used in _____.
settling financialtransactions
presentingfinancialstatements
recording financialtransactions none of the above
13
Foreign currency is a currency_____.
used in recordingforeigntransactions
in presentingforeign financialstatements
other than thereporting currency none of the above
14
The exchange difference arisingdue to import of raw material istransferred to _____.
purchase trading Profit & Loss Account suppliers
15
Only ______ goodwill isaccounted. Average Profit Purchased Present benefit Super profit
16
______ is calculated on the basisof adjusted average profit. NRR FMP MP & EPs EPS
17
The Debt : Equity ratio, afterbuy-back should not exceed_____. 2:01 1:01 1:02 3:04
18
The security under Buybackcannot be issued within _____.
one year two year six months three months
19
Buyback of equity shares in anyfinancial year shall not exceed25% of its _____.
paid up equitycapital of thecompany
paid up capital andreserves
paid up capital and freereserves nominal capital and free reserves
20
Which of the following is a freereserve for the purpose ofbuyback of shares?
workmen’scompensation fund(after meetingliabilities)
capital redemptionreserve
debenture redemptionreserve Forfeited Shares Account
21
In case equity shares are boughtback out of free reserve, amountequal to face value of equityh b ht b k h ld b
General ReserveAccount
DevelopmentRebate Reserve Sinking Fund Account
Capital Redemption ReserveAccount
22
The objective of buyback ofequity shares is _____. To reduce earning
per share To increase sharecapital
To bring cash inbusiness None of the above
23
Commission on Sale allocationon the basis Post incorporation Pre Time Ratio Sales Ratio
24
Bad debts written off realized isshown under
Pre-incorporationincome
profit & LossAccount
Post-incorporationincome Revenue profit
25
Post acquisition profits aretreated as---------------. Revenue profit capital profit capital reserve revenue reserve
Exam : Rev 16 Subject : Financial Accounting and Auditing X - Cost Accounting
Class : T.Y.Bcom Semester: VI
Sr. No. Question Option1 Option2 Option3 Option4
1 Value of work certified – Rs.5,00,000, Cost of work to date –Rs. 4,00,000 Cost of work not yet
tifi d R 1 00 000 N ti l
Rs. 1,00,000 Rs. 2,00,000 Loss of Rs.1,00,000 Loss Rs. 2,00,000
2 The Difference between actualquantity and standard quantity ,multiplied by standard price isth
Labour ratevariance
LabourEfficiencyvariance
Material Usagevariance Material Price Variance
3 This is also known as "WeightedAverage cost method.________
ContributionMargin method Survey method Net Realizable value
method Average Unit cost method
4 P/V ratio 50%, BEP Sales Rs.10,00,000 fixed cost will be ___ Rs. 500,000 Rs. 600,000 Rs. 530,000 Rs. 1,000,000
5 Which cost accumulationprocedure is most applicable incontinuous mass production
f t i i t
Standard Actual Process Job order
6 The balance of work in progressacoount is equal to_______________
The total cost ofthe jobs completed
The total cost ofthe jobs
completed andld
The totalmanufacturing costincurred during the
i d
The total cost of incomplete jobs
7 _____ is the excess of actual salesover Break even sales. B.E.P. Increases BEP Margin of Safety decrease in BEP
8 To record the cost of indirectlabor, which of the followingwould be debited? ______
Work in process Manufacturingoverhead
Finished goodsinventory Wages Payable
9 Margin of safety is referred toas______
excess of salesover break-even
sales
excess of salesover fixed cost
excess of sales overvariable cost
excess of sales over budgetedsales
10 If Sales are Rs. 80,000 andvariable cost to sales is 70%,contribution is ____.
Rs. 56,000 Rs. 24,000 Rs. 70,000 Rs. 30,000
11 Value of work-certified but notpaid is known as ________. Work uncertified Retention money work certified contract price
12 The cost of any sub-contractedwork is ______
A direct expenseof a contract andis debited to the
t t t
An indirectexpense of a
contract and isd bit d t th
A direct expense of acontract and is
debited to the clientt
An indirect expense of a contractand is debited to the client
account
13 The use of indirect materialwould usually be reflected as anincrease in _____________.
Stores control Work in ProcessControl
manufacturingoverhead applied Manufacturing overhead control
14 A process givesrise,incidentally,to an item oflow value,which is called______
A joint product A by-product Scrap Waste
15 Variable cost Rs.4 contributionRs. 4, P/V ratio will be____. 40 50 30 20
16 Abnormal gain is valued at ____ Cost of input Cost of output Standard cost Market Value
17 Labour rate standard is decidedby _________. HR department Purchase
department sales department production department
18 Cost of material lost ordestroyed______.
is credited to theContract Account
is debited to theContract Account
is debited to theCosting Profit and
Loss Account
is credited to the Costing Profitand Loss Account
19 The total profit on a contract forRs. 3,00,000 is Rs. 60,000 and thecontract is 60% complete and hasb tifi d di l Th
Rs. 60000 Rs.36,000 Rs. 28,800 Rs. 48,000
20 Work certified is between 25%and 50% of the contract price.The transfer to P & L A/c will be
1/3rd of Notionalprofits, reduced inthe ratio of cash
i d t k
2/3rd of Notionalprofits
100 percent ofNotional profits 1/4th of Notional Profit
21 Sales are Rs.6,00,000, Variablecost is Rs. 3,40,000 profit is 20%on sale. Fixed cost will be____.
Rs. 140,000 Rs. 150,000 Rs. 1, 80,000 Rs. 100,000
22 Profit Rs.30,000, Variable Cost perunit Rs. 8, selling price per unitRs. 10. The Margin of Safety willb
Rs.1,40,000 Rs. 145,000 Rs. 125,000 Rs. 150,000
23 Contribution = sales – ________. Work Cost Fixed Cost Prime Cost Variable Cost
24 BEP (Rs.) = Fixed Cost / _____. Sales and fixedcost P/V Ratio Sales and Variable
cost Fixed cost + variable cost
25
If the selling price per unit is Rs.8, the unit variable cost is Rs 6and fixed costs are Rs. 30,000; thebreak-even points in units will
10,000 units 15,000 units 20,000 units 40,000 units.
TYBCOM SEM VI C7525 AUDITING
SR.NO Questions Option1 Option2 Option3 Option4
1
Audit is derived from the Latin wordwhich is______ Audir Audire Auduit Audite
2
Audit in depth is synonymous to______ Complete Audit Completed Audit Final Audit Detailed Audit
3
The accounts are said to be TRUEand_______ correct right fair good
4
The company should disclose all____ facts material good financial legal
5
_____ is an unintentional mistake infinancial statements Frauds Error Manipulation omission
6
Showing worse condition of books ofaccounts than Actual position is_____ Window dressing Secret reserve Error of Omission Error
7 Internal reports includes_____ Annual report trade journal websites publication of proff. Bodies
8 Error of Omission is ______ Error of Principle Clerical Error compensating error commission error
9
Auditor should ensure that cashreceipt are____in the bank account promptly deposited posted casted showed
10
Audit of small organization isgenerally ______ Temporary Compulsory Voluntary periodic
11
Internal auditor has ____to attend themeeting of shareholders full rights no rights responsibility duty
12
For checking the deposits in the bankaccount auditor should checkthe____slip
withdrawal pay-in Invoice purchase
13
Haphazard selection is one of the______of selecting sample items technique principle method rule
14
Auditor should ensure that salesreturns are not recorded in ___book sales purchase purchase return cash
15
The cancellation of appointment ofConcurrent auditor should bereported to RBI &______
ICAI ICSI SEBI IMA
16
Auditor should ensure that cashreceipt are____in the bank account promptly deposited posted casted showed
17
Auditor should examine the ____tostudy from it all rules and clausesaffecting or relating to the accounts ofcompany
MOA Annual report AOA legal documents
18
Acconting Control and Administrativecontrol are the categories of _____ Internal system Internal control Internal Audit Audit planning
19 SA 610 covers ______ Audit Planning Internal Audit Documentation Working Paper
20
Internal auditor is a/an ____of thecompany employee shareholder debtor creditor
21
An External auditor must an qualified_______
CharteredAccountant Lawyer Graduate from any
stream master in any stream
22
Foreign travel directors requiresanctione from____ government shareholder board of director auditor
23
__ auditing is essecially andenvironmental management tool formeasuring the effect of certainactivities on environemnt agianst set
Social Audit EnvironmentalAudit Forensic Audit HR audit
24 SA 530 defines___ Audit Planning Audit sampling test check Audit programme
25
Private company having Turnover of₹__crore should conduct InternalAudit
100 200 250 300
BUSINESS ECONOMICS C7525 SEM VI TYBCOM
SR.NO Question option 1 option 2 option 3 option 4
1
According to moderntheory,___________ is responsiblefor international trade. labour factor abundance money none of these
2
An overpopulated country willhave ________ terms of tradebecause of increased demand fori t
favourable unfavourable both a and b none of these
3 Terms of trade are expressed as_____________. cost ratio
price ratio ofexports and
imports profit ratio all of these
4 Current accountincludes____________. unilateral receipts
unilateralpayment structural discrepancy a and b
5
Reducing public expenditure tocorrect BOP disequilibrium is a_____ measure. Monetary Fiscal Special none of these
6 TRIMS deals with_________ Foreign investments Foreign Aid Services Goods
7 Vehicle currency is a______________- ternationally acceptrrency issued by IMCurrency issued by RBIrency issued by European Central Bank
8 ___ is not a function of foreign exc Transfer Credit Hedging Invetment
9 Trading in foreign exchange has bimplified procedureanced banking facil improved technology all of these
10 Equilibrium rate of exchange depe demand factors supply factors both a and b none of these
11 The limitation of purchasing powection of index numbicable to static econ applicable in long run all of these
12 FERA was replaced by____ FEMA FMCO NEER LERMS
13 According to Ricardo, internationa Absolute cost Comparative cost equal difference in cost Relative Cost
14 Ricardian theory assumes perfect within the country tween the countrien and between the coun outside countries
15 Comparative cost theory is a static
labour ishomogeneous
within thet
there is noqualitative and
quantitativeh i i t
here is no transport cos there is no qualitative
16 Ricardian theory measures compa money Supply cost of all the inputs labour days
17
An overpopulated country willhave ________ terms of tradebecause of increased demand fori t
favourable unfavourable both a and b none of these
18 External borrowing is treated as_________ in BOP. accomodative flow
autonomousflow invisible flow all of these
19
Which of the following is not acause of deficit in balance ofpayment. increase in imports fall in exports globalization capital inflows
20 Hedgers enter forward exchangemarket to _________ cover risk earn profit speculate none of these
21 Indian foreign exhange market is one tier two tier three tier four tier
22 Under flexible exchange rate syste central bank market forces government none of these
23 In most of the countries______ inte RBI Central Bank Commercial Bank IMF
24 PPP theory considers that all price Continuously uniformly up and down none of these
25 LERMS stands for ______________. d Exchange Rate Maange Rate ManagemEarnings Rate Managem all of these
MHRM PAPER SEM VI C7525 TYBCOM
Sr. No. Question Option1 Option2 Option3 Option4
1
A vacancy filled by _____ ofemployees from one department toanother.
Transfers Promotion Training Dismissal
2
Organizational development focusesattention on assuring ____________relationships throughout theorganization
Grapevine Informal Healthy Temporary
3
In _____ interviews are conducted asper rules and regulations.
Panel Stress Formal Informal
4
Under ____________ the superiorplays an active role in the training thesubordinate
Counseling Coaching Innovation Progress
5
HRD plays an important role inenhancing commitment and_______________ of the employees
System Training Morale Dedication
6
HR manager recognize the ________of employees to improve employeewelfare
Need Choices Preferences Likes
7
An organization must ________ theneed for training
Tasks Morale Develop Analyze
8
The HR manager may invite_______________ from theemployees to make training moreeffective
Complaints Suggestions Expectations Grievances
9
The Job rotation occurs mainly at___________ level positions ofmanagement
Lower Higher Lowest Parallel
10
Theory X is based on _____assumptions of human nature.
positive natural general negative
11
Management must frame effective_____________ in all functionalareas
Attitude Potential Training Strategies
12
Human Relation Approach has _____application.
special general universal ordinary
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_____ is a written complaint filed byan employee receiving an unfairtreatment.
Respect Grievance Affidavit Contract
14
The quality of job performanceimproves due to _____
Specialization Simplification Participation Compensation
15
_____ analysis is the process ofstudying and collecting informationrelating to operations of a specific
Job Role Cost benefit Promotional
16
Transformational leaders are _____in nature.
silent reactive argumentive proactive
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Training helps to __________knowledge and skills
Upgrade Avoid Fatigue Negative attitude
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_____ is the gradual reduction in theworkforce through resignation,retirement and death.
Downsizing Attrition Outsourcing Employee Turnover
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The process of dividing the job andsmaller sub-parts.
Job analysis Job identification Job specification Job simplification
20
Salary and bonus payment are _____factors of motivation.
Downsizing Attrition Outsourcing Employee Turnover
21
Motivations is the _____ ofmanagement process.
conclusion essence drawback Price
22
___________ aids in problemsolving and qualitative decisionmaking
Abilities Mentoring Functions Role
23
In _____ interviews list of questionsto be asked to the candidates isprepared well in advance
Formal Informal Unstructured Structured
24
Cordial Human relations are _____for the growth of the enterprise.
desirable undesirable dangerous not necessary
25
_________ technique of class room m Stimulation Case study Method Vestibule Machine based
Tybcom c7525 DIRECT AND INDIRECT TAXES sem 6
sr.no Question option 1 option 2 option 3 option 4
1 Service tax law extends to _______ whole of India except
Jammu and Kashmir whole of India Maharashtra all states and union territory
2 E-filling returns is ____ voluntary mandatory optional as person wish
3
goods' as defined under MVAT ,2002DOES NOT INCLUDE________ patents lottery tickets livestock trees
4
Functions performed by personsholding constitutional posts are ____
in 'service' included covered exempted not included
5
a carterer opting for consumptionscheme should apply for it in_______ FORM 4 FORM 3A FORM 1 FORM 2
6
service tax is not payable if theaggregate value of taxable service
does not exceed_____ 8,00,000 10,00,000 4,00,000 6,00,000
7
rule 7 is not applicable if payment isnot made within _______from invoice
date 6 months 9 months 30 days 45 days
8
value of taxable service______expenditure or costs incurred
by the service provider as a pureagent if all of the specified condition
excludes includes exempts deducts
9
Transfer of title means change in____ ownership custody possession name
10 Tax free goods are in____ schedule A schedule B schedule C schedule E
11 tax at 1%________ schedule A schedule B schedule C exports
12
goods as defined under MVAT doesnot include_______ money livestock plants trees
13
return of service tax has to be filled_____ monthly quarterly half yearly yearly
14
_____includes any amount that ispayable for the taxable service
provided or to be provided value tax consideration provision
15
Out of following ,_____ fall undernegative list betting gambling lottery all the three
16 VAT does not apply to______ importer retailer works contractor consumer
17
when the due date for form fillingreturn of service tax is a ____then the
return may be filed on succeedingworking day
bank holiday festival Sunday public holiday
18
Service provided on contract basis____services in course of
employment are are not can be include
19
Service tax is levied at the point of_____ construction distribution production consumption
20 the VAT rate depends upon_______ the buyer
the goods i.e.covered by which
schedule the amount of sales the seller
21
Point of taxation is relevant for thepurpose of____of service tax payment provision collection determination
22 Tax at 5%______ Central sales tax schedule B schedule C schedule E
23 value added tax is a form of_______ income tax service tax sales tax entry tax
24 Service tax is levied under _____ entry 79 entry 77 entry 97 entry 90
25
declared goods aretaxable@______% w.e.f_______ 5 , 1.4.10 5 , 1.5.10 5.5 , 1.5.11 5 , 1.4.11
TYBCOM SEM VI C7525 Computer System & Application Sample Paper
Sr. NO. Question Option 1 Option 2 Option 3 Option 4
1 Buying and selling products on th EDI E-Commerce E- Business E market
2 EDI stands for Electronic Data Info Electronic Data Int Electronic Data Interfa Electronic Data Inference.
3 The full form of B2B in E-Commer Bill to Bill Business to Busin Bill to Business Business to Bill
4 The full form of SSL in E-Commer Secure Socket Layer Secure Socket Loop Secure Socket Locket Secure Socket Liaison8.
5 _____ is part of E-Commerce. B2B C2C B2C All of these
6 The emerging market economy wh E-Commerce E-market Supermarket EDI
7 A Public Key differs from the Priv It being used only f It being used only It being shorter in Len None of the above
8 The model in E-commerce where c Sales Revenue Transaction Fee Re Advertising Revenue Affiliate Revenue
9 Sender and Receiver have same ke Symmetric Key Encr Asymmetric Key E DES PKI
10
Solver is a What-If analysis toolthat : depends on the use is an add-on produ is used for simple anal is same as goal seek.
11
Which of these tools is used toperform What-If analysis? Scenario Manager Goal Seek Solver All of these
12
A function that returns day ofthe month, a number from 1 to31 is DAY() DATE() TODAY() WEEKDAY()
13
Which of the following functionreturns the specified number ofcharacters from start of the givent i ?
LEN() RIGHT() LOWER() LEFT()
14 Which of the following function(s =RIGHT() =MID() either LEFT() or MID() None of these
15 The formula =MID("COMPUTER",2,3) returns OM OMP COM TER
16 Values used with a function are ca Arguments parameters variables None of the above
17 The ____ function gives the correla LARGE() COUNTA() COUNTBLANK(), CORREL()
18
A Scenario uses all of thefollowing except : changing cells a table area
result cells formulas
19 Visual Basic is a programming lan
procedural event driven sequential classical
20 If an object obj has a property prop obj; obj.prop; prop.obj; prop
21 VBP , a default extension seen in Visual Binary Proje Visual Basic Projec Very Basic Project; Visual Basic Parameter
22 Which of the following is appropr intMks 3MarksAccts Marks+Accts M%
23 Which of the following is a valid o txtClass txt Class txt+Class All of the above
24 In the For/Next loop, the default st
0 1 2 -1
25 Val() function is used to convert text to numeric numeric to text integer to decimal integer to currency