Total No. of Questions : 13]
Time : 03 Hours
Instruction to Candidates:
- Section – A is Compulsary .
- Attempt any Nine questions from Section –B .
- Define Accounting
- Financial Analysis
- Double Entry
- Accounting Cycle
- Net worth
- Marginal Costing
- Key Factor
- Contingent Liability
- Bad Debts
- Preliminary Expenses
- What is meant by interpretation of Financial Statements
- Trial Balance
Q2) Define Accounting? Discuss briefly the various of Accounting.
Q3) Explain the errors of Accounting which are responsible for disagreement of trial balance.
Q4) Give the meaning and types of subsidiary books
Q5) Give the importance of Financial Analysis.
Q6) Distinguish between profit and loss and a Balance Sheet.
Q7) Write down the application of marginal costing in managerial decision making.
Q8) What is a break even point? How is it calculated?
Q9) Distinguish between Cash Account and Fund Flow statements.
Q10) Ram and Co. supplies you the following information regarding the year ending
Cash sales Rs. 80,000, credit sales Rs. 200,000, Returns inwards Rs. 10,000, Opening stock
Rs.25,000, Closing stock Rs.30,000, Gross profit ratio is 25%. Find out Inventory Turnover Ratio.
Q11) Give the T-Form view of profit and Loss Appropriation Account. Clearly state the items of debit and
credit sides of this account.
Q12) Comment on the relative profitability of the following two products:-
Materials Rs.200 Rs.150
Wages Rs.100 Rs.200
Sales per unit
Overput per week
Q13) Journalize the following transactions:-
Jan.1 Mohan stared business with cash Rs.80,000
Jan.6 Purchased goods from Ram on credit Rs.30,000
Jan.8 Sold gods for cash
Jan.18 Paid Salary to Manager Rs.6,500
Jan.15 Bought furniture from Yash for cash Rs.8,000