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Patent account - Real account
Depreciation on sum of digits - Total Value : 10.5 lacs, Scrap value : 22k, Life : 10 years. Calculate book value at the end of 4th year. Ans - 130836
What's the formula of Modified Duration?
Goods were sold on credit for 30k. Cost of good sold - 10k. Entry on transaction side will be - Capital is reduced by 30k/Capital is increased by 20k/Capital is reduced by 10k/Capital is increased by 30k
Company declares 2% commission on the sales at the end of FY. Sales made is 1 lac during the year. Amount due?
If a company holds more than one half of the shares of other company then it is called - government company/public company/holding company - Ans - holding company
Current ratio : 4, Net working capital : 30k, Current Assets? CR = 4:1, NWC=CA-CL=30000, 4x-x=30000, x=10000, 4x=40000. Ans - 40000.
Total assets : 20 lacs, Debt to equity : 4:1, Curr ratio : 2, Owned funds: 3 lacs, Find current asset
Current account can be opened by - Purdanashin women/Blind man/Illiterate man/Unregistered society
If the operating cycle can be ascertained then it is taken to be as - 3 months/6 months/9 months/12 months
CC accounts debit balances were given : Jan 1 - 1 lac, Jan 7 - 1.25 lacs, Jan 17 : 0.85 lacs, Jan 23 : 2 lacs, Jan 31: 3.5 lacs. Interest due for jan at 8% p.a?
Which of the following is not the broad assumptions of categories of account? Real account/Personal account/Notional Account/Nominal Account
Certificate from ROC not required - LLP/Joint venture/holder company/subsidiary company
Bond face value : 2500, Market price : 2250, Coupon rate : 12.5, Number of years : 6, Calculate bYTM -
DSCR Question
Scope of Back office
Functions of Front office
Banking is defined in - RBI act 1934, Sec 5(b) of BR Act, 1949, Sec 5 of Indian Companies act. Ans - Sec 5(b) of BR Act
Unrealized gains to be ignored is concept of - Consistency/Conservatism/Cost/Business entity
Errors related 2-3 ques
BAlance Sheet Schedules
Accounting Standards
Questions on Ratio
Cash inflow 55000, IRR 15%, Cost of project 11%, Useful life 5 yr, Npv - 18670
A draws bill on B for Rs 30k . B endores C who claims to settle at 35k@2% discount. Amount to be paid by B? 4300
Part of revenue expenditure : 1) expenses on relocation of part or all of the business, 2) professional fees, 3) expenses on setting up a new facility - a. 1 and 2, b. only 2, c. 1 and 3, d. 1,2,3 - Ans - c
Amount received 16000 on principal of 10000 in 3 years Simple Interest. Calculate Rate of Interest - 20%
GAAP is followed by - USA, India, European Nations - Only 1, 1 and 2, 1,2,3, Only 2
Lot of questions from BRS, NPV and journal entries
Principal of conservatism - Anticipate the loss
Accounting concepts
Sweat equity
Annuity
Payback
Errors
Bonds
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