SAMPLE QUESTIONS

CLASS :T.Y.B.COM SEM VI Rev 16 Subject: Financial Accounting & Auditing : Paper IX -Financial Accounting

Sr. No. Question Option1 Option2 Option3 Option4

1 As per AS 14 transferor companymeans the company _____.

which isamalagamatedinto another

which is newlyregistered

which is notnewly registered

Into which acompany isamalgamated.

2 On amalgamation, if PreferenceShares are settled at a premium

the premiumis credited toRealization A/c

the premium isdebited toRealization A/c

the premium iscredited toSecurityP i A/

premium is debitedto Capital ReserveA/c

3 Purchase Consideration underNet Assets Method = __________

Agreed Valueof Assets -Agreed Value

f Li biliti

Agreed Value ofAssets + AgreedValue ofLi biliti

Agreed Value ofAssets - AgreedValue ofLi biliti

Agreed Value ofAssets - AgreedValue of Liabilities

C it l

4 An Existing company takes overthe Business of another exiatingCompany is known as

Amalgamation Absorption External

reconstruction Internalreconstruction

5 _________ means the ratio usedfor exchange of shares inabsorption or amalgamtion of

i

Share Ratio New Ratio Gross profit

Ratio Swap Ratio

6 If the Agreed Value of Assets is ₹5,50,000 and the PurchasesConsideration Amount is₹4 00 000 Wh t ld b th

950,000 ₹ 150,000 ₹ 500,000 ₹ 400,000

7 Reporting Currency is thecurrency used in

SettlingFinancialtransactions

PresentingFinancialStatements

Recordingfinancialtransactions

Presenting Foreigntransaction

8 Foreign Currency is a Currency

used inrecordingforeignt ti

used inpresentingforeign financialt t t

other than thereportingcurrency

used in settlingfinancial statement

9 Non monetary items are theitems

other thanassets andliabilities

exchanged atforeign currencyvalue

assets andliability as otherthan monetraryit

exchanged at fairvalue

10 When the sale proceeds ofpledged security is not sufficientto pay off secured creditors fully,th b l d t th h ld

Unsecuredcreditor Preferential

creditors Equity Sharecapital

Prefernce ShareCapital

11 A company is created by_______. Government

Human being Nature Law

12 Equity shareholders are ______. Priorityclaimant Second claimant Last claimant No claimant

13 In the case of member’sVoluntary winding up liquidatoris appointed by ____

The CentralGovernment The Board of

Directors The Company inGeneral Meeting

The Registrar ofCompanies

14 In the case of compulsorywinding up, official liquidator isappointed by ______.

The CentralGovernment The Registrar of

Companies The StateGovernment The High Court

15 Retirement benefit of employeesexceed Rs. 20,000 per employee isconsidered as :

UnsecuredCreditors Secured

Creditors Shareholder PreferentialCreditors

16 An underwriter is a person Whounderwritesthe issue

Who finds buyersfor shares

Who is a broker Who is a promotor

17   A person cannot act as anunderwriter unless he holds acertificate granted by

RBI SEBI ROC MCA

18 When the benefit of firmunderwriting is given to theunderwriters ____

Firmunderwritingis not treated

k d

Firmunderwriting isnot treated asmarked

Firmunderwriting isignored

None

19 When the benefit of firmunderwriting is not given to theunderwriters ____

Firmunderwritingis treated as

k d

Firmunderwriting istreated as markedapplications

Firmunderwriting isignored

None

20At least.......of the designatedpartners of every limited liabilitypartnership shall be resident inIndia

One Two Three Seven

21 Liability of Partners In LLP is_____

Limited Unlimited a&b 50 Lakhs

22 Valuation of Contribution Maybe made by

PracticingcharteredAccountant

Practicing CostAccountant Panel member Any one of the

above

23 Every Designated partner willhave to obtain

MRTP DPIN DRPN DRDO

24 Rule…… of LLP prescribe thebooksof accounts

20 24 26 30

25 The books of LLP are to beretained for….. Years

12 Years 1 Year 8 Years 6 Years

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 yetcertified – Rs. 1,00,000. NotionalProfit is _____

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 isthe ____

Labour ratevariance

LabourEfficiencyvariance

Material Usagevariance

Material PriceVariance

3 This is also known as "WeightedAverage cost method.________

ContributionMarginmethod

Survey method Net Realizablevalue method

Average Unit costmethod

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 productionmanufacturing environments_____

Standard Actual Process Job order

6 The balance of work in progressacoount is equal to_______________

The total costof the jobscompleted

The total cost ofthe jobs

completed andsold

The totalmanufacturingcost incurred

during theperiod

The total cost ofincomplete 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 inprocess

Manufacturingoverhead

Finished goodsinventory Wages Payable

9 Margin of safety is referred toas______

excess of salesover

break-evensales

excess of salesover fixed cost

excess of salesover variable

cost

excess of salesover budgeted

sales

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 ________.

Workuncertified Retention money work certified contract price

12 The cost of any sub-contractedwork is ______

A directexpense of a

contract and isdebited to the

contractaccount

An indirectexpense of a

contract and isdebited to the

contract account

A direct expenseof a contract andis debited to theclient account

An indirectexpense of a

contract and isdebited to theclient account

13 The use of indirect materialwould usually be reflected as anincrease in _____________.

Stores control Work in ProcessControl

manufacturingoverheadapplied

Manufacturingoverhead 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 _________.

HRdepartment

Purchasedepartment

salesdepartment

productiondepartment

18 Cost of material lost ordestroyed______.

is credited tothe Contract

Account

is debited to theContract Account

is debited to theCosting Profit

and LossAccount

is credited to theCosting Profit and

Loss Account

19

The total profit on a contract forRs. 3,00,000 is Rs. 60,000 and thecontract is 60% complete and hasbeen certified accordingly. Theretention money is 20% of thecertified value, then the amountof profit that can be prudentlycredited to Profit and LossAccount will be ________

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 ofNotionalprofits,

reduced in theratio of cashreceived to

work certified

2/3rd of Notionalprofits

100 percent ofNotional profits

1/4th of NotionalProfit

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 willbe ____.

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 willbe _______.

10,000 units 15,000 units 20,000 units 40,000 units.

BUSINESS ECONOMICS SEM VI REV 16 SR.NO QUESTION OPTION 1 OPTION 2 OPTION 3 OPTION 4

1 According to Ricardo, internationa Absolute cost Comparative costual difference in co Relative Cost

2 Ricardian theory assumes perfect within the countrtween the countrie

within andbetween thecountries outside countries

3 Comparative cost theory is a static

labour ishomogeneous

within thecountry

there is noqualitative and

quantitativechange in inputs re is no transport chere is no qualitative

4 Ricardian theory measures compa money Supply ost of all the input labour days

5 According to H.O. theory, product

factorintensity,

abundance &cost. money honesty trade

6 H.O. theory cannot be applied to m two countries two commodities

can be extendedto many

commoditiesand many

countries threecountries zero goods

7 Terms of trade are expressed as a

ratio offoreign

exchangereceipts andpayments

ratio of priceindex of exports

and imports

ratio of foreigndirect

investment andportfolio

investment ratio of trade 8 Terms of trade are favourable, if t less same more fall

9 An offer curve is _______________.

differs froman usual

supply curveonly

differs from anusual demand

curve only

differs fromboth usual

demand andsupply curves differs from marginal

10 International trade increases the envesting countryImporting countryExporting country

All the countriesthat participate in

international trade 11 Trade is a dynamic force that stim Innovation poor money loss poverty 12 Cultural changes due to internatio rise ositive and negativ slow Relative 13 The concept of gross barter terms rancis Edgewort Alfred Marshall Frank Taussig John S. Mill

14 Countervailing tariffs specifically

Givepreference to

imports from acustoms union

Retaliate to atariff imposed bya trading partner

Neutralize theeffects of

Subsides givento the producersin the exporting

countries Counter dumpingby other countries

15 A System that Makes it mandatory Mixing quota Global quota allocated quota Import licensing

16 Which on of the following NTBs p

Preferentialgovernmentprocurement Exchange controlsDomestic Subsidiescal Content requirement

17 Which of the following is not a NT

VoluntaryExport

Restrictions l Content requiremministrative barrie Tariff rate quotas

18 The reduction in domestic consum

Increases ingovernment

revenue

Increase inconsumer’s

surplus oss of Social welfarcrease in Social Welfare

19 International trade is shaped by

Tradeagreements

betweennations Customs Union Common Market Immigration

20 _____ Occurs when countries agreeFree Trade Areaeferential Trade Ar Customs Union Common Market 21 _____ Occurs When a group of cou Free trade area Customs Union Common Marketferential trade agreement

22 A Customs Union is a trade bloc W

Countriesagree to

reduce oreliminate

tariff barrierson all goods

imported fromother member

nations

Countries agreeto reduce or

eliminate tariffbarriers on

selected goodsimported fromother member

nations

Countries agreeto have a

common unifiedtariff against

non – members

All barriers areeliminated to allowfree movement ofgoods, services,

capital and labour 23 A _______________ is a trade bloc whFree Trade Area Customs Unionmmon or single maPreferential trade area

24 ___________is one of the disadvanta

Cross- borderinvestment

flows mployment generatieasing interdepend Conflict resolution 25 The----------------was signed to creatreaty of Maastrich Treaty of Rome Treaty of Lisbon Treaty of London

TYBCOM Subject: Commerce VI

Sem VI Rev 16 Sr. No. Question Option1 Option2 Option3 Option4

1 What refers to collection of detailed in Job evaluation Job description Job specification Job analysis 2 What gives us details about the job to Job analysis Job description Job specification Job evaluation 3 Career development refers to the ___ Irregular Continuous Inconsistent Focus 4 Organizational development focuses a Grapevine Informal Healthy Temporary 5 Human resource is a _____ process People oriented Product oriented Consumer oriented Market oriented 6 Which process comes before selection Recruitment Planning Organizing Selection 7 QWL is a technique for improving ____ Respect Morale Incentives Productivity 8 The process of dividing the job and sm Job analysis Job identification Job specification Job simplification 9 The quality of job performance improv Specialization Simplification Participation Compensation

10 The process which refers to the movem Job enlargement Job enrichment Job rotation Job specification 11 Tasks requirements must be compared Friends Employees Competitors Supplier 12 The HR manager needs to prepare a Agenda Notice Plan Points 13 In basket training is also called as ___ In Tray Inside Outside Similar 14 _________ technique of class room m Stimulation Case study Method Vestibule Machine based 15 Human relations _____ group morale a destroy improve support Price 16 Maintining and improving human relati harmful beneficial troublesome dangerous 17 According to _____ employees are laz Theory X Theory Z Theory Y Pink Theory 18 _____ is a written complaint filed by a Respect Grievance Affidavit Contract 19 IHRM stands for International Hum internal human recor International Human Innovative human resource management

20 _____ means reducing the size of the Retrenchment Downsizing Outsourcing Recruitment 21 _____ is the process used to decide t motivating criticising controlling supervising 22 HRM brings benefits to employees whi desirable undesirable dangerous not necessary 23 The sexual Harassment of women at w 1983 2003 2013 2015 24 In _____ interviews are conducted as Panel Stress Formal Informal 25 ______ refers to vertical expansion of Job enlargement Job rotation Job enrichment Job evaluation

TYBCOM SEM VI Rev. 16 Computer System & Applicat Sample Paper

Sr. NO. Question Option 1 Option 2 Option 3 Option 4

1 A computer to computerexchange of businesstransactions is called

E-Commerce E –Business EDI E - Market

2 The full form of C2C inE-Commerce is : Consumer to Co Commerce to Cons Consumer to Cons Commerce to Commerce

3 The full form of HTTP inE-Commerce is Hyper TextTransfer :

Paper Protocol Power Place

4 Generally most people arefamiliar with _____ form ofE-Commerce.

B2B C2B B2C C2C

5 _____ is part of E-Commerce. B2B C2C B2C All of these

6 There are many techniques thatB2C companies use to attractcustomers except.

Registering with Viral Marketing Online Ads Virtual Marketing

7 Which term describes thepercentage of people who visit awebsite and buy

Affiliates Click-through Spam Conversion rate

8 ebay.com is Only C2C Only B2C Only B2B Both B2B & B2C

9 Sender and Receiver have samekeys in Symmetric Key E Asymmetric Key E DES PKI

10 EDI stands for Electronic Date Electronic Data In Electronic Data In Electronic Data Intake.

11 Which of these tools is used toperform What-If analysis? Scenario Manag Goal Seek Solver All of these

12 When you are typing a formulain a cell. The first thing that mustbe entered is :

the first cell refe parenthesis. quotation marks. an Equal sign.

13 The result of a logical formula is a logical value T a text value a numeric value an error message

14

If cell A3 contains 10 and cell A4contains 15, then what is thereturn value of the formula =AND(A3 > 9, A4 < 20)?

TRUE FALSE 25 -5

15

Which of the following functionreturns the specified number ofcharacters from start of thegiven string?

LEN() RIGHT() LOWER() LEFT()

16

Which formula can add the allthe numeric values in a range ofcells, ignoring those which arenot numeric, and place the resultin a different cell?

COUNT() COUNTIF SUM AVERAGE()

17

A cell B3 contains the data:EMP2013. If we want to store thenumerical part in cell B4, whichcommand is most appropriate?

LEFT(B3,4) MID(1,4) RIGHT(B3,4) TRIM(B3)

18 What is the purpose ofCOUNTIF() function?

counts thenumber of IF()in a specificcolumn.

counts the totalnumber of blankcells in a givenrange.

It determinesthe number cellsin a given range.

counts the numberof cells within arange that meetsthe givencondition,

19

In a range consisting of 10numbers, which of theseformula will return the largestnumber?

SMALL (A1:A10, SMALL (A1:A10, 10 SMALL (1, A1:A10 SMALL (10, A1:A10)

20 Scenarios are What-if analysistools that: are limited to on

allow the user toview manyoutcomessimultaneously

allow viewing agraph alongwith data

allow the use ofmore than twochanging cells.

21 Visual Basic is a programminglanguage which is called as procedural event driven sequential classical

22 The window that describes everyindividual element of a form is Form window Property window Project window tool box

23 VBP , a default extension seenin a VB application stands for Visual Binary Pr Visual Basic Projec Very Basic Project Visual Basic Parameter

24 The syntax for declaring avariable in VB is

Dimvariablename

Dim variablename [As Type] Either a or b Decl variable name

25 Val() function is used to convert text to numeric numeric to text integer to decimal integer to currency