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