financial accounting and auditing x costing (sem vi) · sample questions financial accounting and...
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SAMPLE QUESTIONS
Financial Accounting and Auditing X –Costing (SEM VI)
FOR STUDENTS OF ACADEMIC YEAR 2019-20)
1. SEAT NO:
______________________ (Compulsory)
2. SAP NO:
______________________ (Compulsory)
3. The debit balance of the overheads adjustment account may be
transferred to
a. Cost of sales account
b. Profit and loss account
c. Finished goods account
d. Work- in-progress account
4. Journal entry for payment of wages in non-integrated accounts is
a. Wages Control A/c Dr.
To Cash A/c
b. Wages Control A/c Dr.
To Cost Ledger Control A/c
c. Wages A/c Dr.
To Cash A/c
d. Cost Ledger Control A/c Dr.
To Wages Control A/c
5. Value of work certified – Rs. 8,00,000
Cost of work to date - Rs. 6,00,000
Cost of work not yet certified – Rs. 2,00,000
Notional Profit is
a. Rs. 2,00,000
b. Rs. 2,00,000 ( loss)
c. Nil
d. Rs. 4,00,000
SAMPLE QUESTIONS
Financial Accounting and Auditing X –Costing (SEM VI)
FOR STUDENTS OF ACADEMIC YEAR 2019-20)
6. If Work Certified is less than 25% of the contract price. The transfer to
P&L A/c will be
a. 1/3rd of Notional profits
b. 2/3rd of Notional profits
c. Nil
d. 100% of Notional profits
7. Cost incurred prior to the point of separation of the joint or by-products
are termed as
a. Process cost
b. Joint cost
c. Main cost
d. Separable cost
8. The contribution to sales ratio of a company is 20% and profit is Rs.
64,500. If the total sales of the company are Rs. 7,80,000, the fixed cost is
a. Rs. 1,56,000
b. Rs. 1,21,500
c. Rs. 1,05,600
d. Rs. 90,000
9. If Material cost variance is Rs. 9,400 (F) and Material usage variance is
Rs. 8,200 (A), then Material price variance is
a. Rs. 5,600 (F)
b. Rs. 5,600 (A)
c. Rs. 17,600 (F)
d. Rs. 17,600 (A)
10. The standard hourly rate was Rs. 1.40. The actual rate was Rs. 1.30. The
labour rate variance was Rs. 600, favourable. The actual labour hours
(AH) were:
a. 6000
b. 6400
c. 1000
d. 1500
SAMPLE QUESTIONS
Financial Accounting and Auditing X –Costing (SEM VI)
FOR STUDENTS OF ACADEMIC YEAR 2019-20)
11. What type of activity is the cost of designing products
a. Unit-level activity
b. Product line activity
c. Batch -level activity
d. Facility support activity
12. An accounting system that collects financial and operating data on the
basis of the underlying nature and extent of the cost drivers is
a. Direct costing
b. Activity based costing
c. Target costing
d. Cycle-time costing.
SAMPLE QUESTIONS FORMAT
FINANCIAL ACCOUNTING & AUDITING -PAPER IX (SEM VI)
(FOR FINAL YEAR/SEMESTER STUDENTS OF ACADEMIC YEAR 2019-
20 OR EARLIER)
1. SEAT NO:
______________________ (Compulsory)
2. SAP NO:
______________________ (Compulsory)
3. According to Accounting Standard 14, Amalgamation takes
place in two ways, __________.
a. External reconstruction and internal reconstruction
b. Merger and purchase
c. Merger and Absorption
d. Take over and Purchase
4. With reference to Liquidation of Company, List H shows
a. Deficiency or Surplus A/C
b. Preferential Creditors
c. Preference Shareholders
d. Equity Shareholders
5. Liability for compensation under Workmen’s Compensation Act is treated as -------
a. Secured Creditor
b. Over-riding Preferential Creditor
c. Preferential Creditor
d. Unsecured Creditor
6. Loss or profit on Realization is transferred by the transferor company, under
amalgamation to ---------A/c.
a. Preference shareholders
b. Equity share holders
c. Profit & loss appropriation
d. New company
7. When all the shares are underwritten by the underwriters, it is called -------------
a. Firm Underwriting
b. Partial Underwriting
c. Complete Underwriting
d. Legal Underwriting
8. According to the Company’s Act, the rate of commission payable to underwriter for
underwriting shares should not exceed
a. 5%
b. 10%
c. 2.5%
d. 1.5%
9. LLP should have minimum ------ partners.
a. 7
b. 5
c. 2
d. 3
10. A Limited Liability Partnership whos turnover exceeds Rs ------- is required to get it’s
accounts audited annually by any chartered accountants in practice.
a. 40 Lakh
b. 25 Lakh
c. 50 Lakh
d. 30 Lakh
11. X ltd purchased goods on 1st January 2020 for $ 20000 from Y Ltd. It paid $ 15000
on 10th March 2020 and balance on 10th April 2020 to Y Ltd. The Exchange rates
were 1$= 60 Rs, 1 $ = 62 Rs, 1$ = 63 Rs and 1$ =62 Rs on 1st Jan, 10th March, 31st
March and 10th April of 2020 respectively
With reference to this transaction, Foreign Exchange Fluctuation Account will get ------
by Rs --------- on 31st March 2020.
a. credited, 15000
b. debited, 15000
c. credited, 10000
d. debited, 10000.
12. Following is a non-monetary item, with reference to AS 11.
a. Cash
b. Debtor
c. Creditor
d. Land &Building
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Indirect Taxation(FOR FINAL YEAR/SEMESTER STUDENTS OF ACADEMIC YEAR 2019-20 OR EARLIER)
Total marks: 50 marks Duration: 1hour
* Required
* This form will record your name, please fill your name.
The value must be a number
Seat number * 1.
The value must be a number
SAP number * 2.
On petroleum crude and petrol(2 Points)
3.
GST will not be levied at all
GSt will be levied from a date to be notified on the recommendations of the GST council
GST is levied, but exempt
Zero GST tax rate is applicable
9/23/2020
The value of supply under section 15(1) of CGST Act is(2 Points)
4.
wholesale price
market value
maximum retail price
transaction value
The date on which the supplier receives the payment as per section 12 of CGST Act is(2 Points)
5.
date entered in the books of accounts
date of credit in the bank account
date entered in the books of accounts or date of credit in bank account, whichever isearlier
date on which receipt voucher is issued by supplier
Which of the following services provided by the Department of Posts are exempt from GST?(2 Points)
6.
Speed posts
Life insurance
Express Parcel posts
Regular posts
9/23/2020
GST is payable by the recipient under reverse charge on(2 Points)
7.
Sponsorship services
Transport of goods by rail
Transport of passengers by air
Interior decoration services
What is the maximum rate of CGST prescribed under CGST Act(2 Points)
8.
20%
28%
24%
40%
Which of the following is not a supply as per section 7 of the CGST Act(2 Points)
9.
Management consultancy services not in course or furtherance of business
import of service for consideration not in course or furtherance of business
Selling exempt goods
Letting out a building for commercial purposes
9/23/2020
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Aggregate turnover includes(2 Points)
10.
Taxable supplies
Exempt supplies
Exports
Taxable supplies, exempt supplies and export
Determine the amount of CGST payable in case the total value of supply is Rs. 5,50,000 which attracts a tax rate of 18% and SGST credit of Rs. 1,000 is available.(2 Points)
11.
49500
48500
99000
98000
Mr. Abhijeet invited his clients for lunch at Taj hotels. He spent a good amount to entertain them. The amount comprised of GST of Rs. 8,000 which he claimed as input credit. His electronic cash ledger will be credited by(2 Points)
12.
Zero
Rs. 8,000
Rs. 4,000
Rs. 8,000 debit
9/23/2020
SAMPLE QUESTIONS FORMAT BUSINESS ECONOMICS (SEM VI)
(For final year/semester students of academic year 2019-20 or earlier)
1. SEAT NO: ______________________ (Compulsory)
2. SAP NO: ______________________ (Compulsory)
3. __________ difference in cost is the essence of international trade according to David Ricardo. a. Comparative b. Equal c. Absolute d. Real
4. Heckscher-Ohlin theory explains factor abundance in _____ terms.
a. Physical b. Factor price c. Both physical and factor price d. Only money
5. The European Economic Community (EEC) was founded in 1957 under
the treaty of ______________. a. Paris b. Rome c. Washington d. Netherland
6. ___________ was one of the earliest forms of economic integration
among the 48 commonwealth countries of British empire. a. Free Trade Area b. Common Market c. Economic Union d. Preferential Trading System
7. ____________tariff can vary according to the type of the goods imported.
a. Single column b. Retaliatory c. Specific d. Combined
8. Pick out the item which is not a part of unilateral transfer a. Gifts b. Grants c. Loan d. Donation
9. Expenditure reducing policies consist of _______ a. Tight monetary policy b. Contractionary fiscal policy c. Expansionary monetary policy d. Expansionary fiscal policy
10. An interbank market for foreign exchange is ______
a. retail market b. wholesale market c. private market d. commercial market
11. When the demand for foreign currency increases the value of home currency ______ a. Appreciates b. Depreciates c. Remains constant d. Cannot be determined
12. The PPP theory of exchange rates was propounded by ______ a. J.M. Keynes b. A. Smith c. J.S Mill d. Gustav Cassel
************
1
Shri Vile Parle Kelavani Mandal’s
NARSEE MONJEE COLLEGE OF COMMERCE & ECONOMICS For the Academic year 2019-2020 Batch of Students
TYBCOM COMMERCE VI [HUMAN RESOURCE MANAGEMENT]
Semester VI SAMPLE QUESTIONS
1. All questions are compulsory. 2. In the exam there will be in all 25 questions of 2 marks each. 3. The duration of the entire paper will for 1 hour. 4. Please check whether you have the right Question Paper. 5. Few of the sample questions with the Answers are as below:- Q) Select the most appropriate answer from the options given below:
1. Which of the following is a function of HRM ?
a. Routing b. Pricing c. Dividend distribution
d. Performance appraisal
Answer: d. Performance Appraisal
2. Which of the following is a part of strategic HRM ?
a. Confidential reports for Performance appraisal
b. Promotion by seniority
c. Efforts to retain competent employees
d. Reactive decisions relating to Human Resources
Answer: c. Efforts to retain competent employees
3. Job Specification includes which of the following ?
a. Duties of a specific job
b. Responsibilities of a specific job
c. Appropriate and authorised content of a job
d. Human qualities necessary to perform a job properly
Answer: d. Human qualities necessary to perform a job properly
4. In which of the following Modern technique of Job Design, employees can design the nature of their work performance ?
a. Job enrichment b. Job flexibility c. Job enlargement d. Job Rotation
Answer: b. Job flexibility
5. Identify the right sequence of steps in Selection Process out of the given options.
a. Job Analysis - Advertising the Job - Tests & Interviews - Medical Check - Job Offer
b. Job Analysis - Advertising the Job - Tests & Interviews - Job offer – Medical check
c. Job Offer - Job Analysis - Advertising the Job - Tests & Interviews - Medical check
d. Advertising the Job- Job Analysis-Tests & Interviews- Medical check – Job offer
2
Answer: a. Job Analysis - Advertising the Job - Tests & Interviews - Medical Check - Job Offer
6. Identify the three intrinsic elements in Pink’s Motivation Theory.
a. Valence, Instrumentality, Expectancy
b. Salary, Promotion, Perquisites
c. Effort, Performance, Reward
d. Autonomy, Mastery, Purpose
Answer: d. Autonomy, Mastery, Purpose
7. Practice of Human Relations in an organisation results in which of the following ?
a. Higher Labour Turnover
b. Higher Employee Productivity
c. Increase in Employee Grievance
d. Increase in Superior-subordinate conflicts
Answer: b. Higher Employee Productivity
8. According to Vroom’s Expectancy Theory of Motivation, which of the following variable relates efforts to performance ?
a. Expectancy b. Valence c. Instrumentality d. Leadership
Answer: a. Expectancy
9. Employees who play a passive role and are more concerned with their payment rather than work of the organisation belong to which of the following category ?
a. Engaged employees
b. Actively engaged employees
c. Actively disengaged employees
d. Not engaged employees
Answer: d. Not engaged employees
10. Which of the following places emphasis on allocating and getting work done satisfactorily rather than insisting on physical presence of employees at office premises ?
a. Flexi-time b. Job sharing c. Telecommuting d. Compressed work week
Answer: c. Telecommuting
SAMPLE QUESTIONS PSHYCHOLOGY OF HUMAN BEHAVIOUR AT WORK (SEM VI)
(FOR STUDENTS OF ACADEMIC YEAR 2019-20) 1. SEAT NO: ______________________ (Compulsory) 2. SAP NO: ______________________ (Compulsory) 3. In a work __________, individual effort results in performance that is greater than the
sum of individual parts. a) Team b) group c) roles d) models
4. A work __________ interacts primarily to share information and make decision to help members perform in areas of responsibility.
a) Team b) group c) trust d) performance 5. ___________is a process that begins when one party perceives another party has or is
about to negatively affect something the first party cares about. a) Conflict b) Stress c) Negotiation d) Communication
6. The __________view of conflict believed at all conflict is harmful and must be avoided. a) traditional b) interactionist c) resolution focused d) relationship
7. Affect can be experienced in the form of _________ or moods. a) beliefs b) emotions c) attitude d) thoughts
8. Affect covers a broad range of ___________people experience. a) feelings b) beliefs c) attitude d) moods
9. Faster, cheaper, and more mobile computers is an example of change in ___________ a) Social Trends b) World politics c) Competition d) Technology
10. Emergence and growth of social networking sites represent a change in __________. a) Social Trends b) World politics c) Competition d) Technology
11. The collapse of the financial sector and global recession are examples of __________. a) Social Trends b) Workforce changes c) Economic shocks d) Technological changes
12. Emotions are caused by _________event. a) general b) negative c) specific d) positive
Shri Vile Parle Kelvani Mandal’s
NARSEE MONJEE COLLEGE OF COMMERCE & ECONOMICS
For the academic Year 2019-2020 Batch of students
TYBCOM
Export Marketing-II
Semester VI
SAMPLE QUESTIONS
Instructions: 1. All the questions are compulsory.
2. In the Examination, there will be 25 Multiple Choice questions carrying
weightage of 2 marks each.
3. The duration of the paper will be of one hour.
4. Please check whether you have the right question paper.
5. Few sample questions with the answer are as below:
Select the most appropriate answer from the options given below:
1. The written information on the packages:
a) Product Banding
b) Product Labelling
c) Product Marking
d) Product Packaging
2. Packaging is a part of decision related to:
a) Product Pricing
b) Product Warranty
c) Product Planning
d) Product distribution
3. Under this quote, the exporter undertakes to pay all the expenses till the loading of
goods on the board of the ship:
a) CFR
b) FOB
c) CIF
d) C&F
4. Which of the following is the channel of direct exporting?
a) State Corporations
b) Canalizing Agencies
c) Manufacturer Exporter
d) Merchant Exporter
5. The important component of logistics
a) Material Handling
b) Operations
c) Production
d) Procurement
6. Who provides various schemes for the promotion, finance and development of units
in the micro and small enterprises sector?
a) ECGC
b) EXIM Bank
c) SIDBI
d) IDBI
7. The Government of India has set up Export Risk Insurance Corporation (ERIC) in
year:
a) July, 1963
b) July, 1957
c) July, 1967
d) July, 1953
8. The safest and popular method of payment in International trade:
a) Documents against Acceptance
b) Deferred credit
c) Letter of credit
d) Bills of exchange
9. Post shipment finance is generally available for a period of:
a) 180 days
b) 360 days
c) 90 days
d) 240 days
10. Which document facilitates prompt clearance of goods from the custom authorities?
a) Certificate of origin
b) Consular Invoice
c) Bill of lading
d) Shipping bill
(Correct Answers: 1-b, 2-c, 3-b,4-c, 5-a, 6-c, 7-b,8-c,9-c,10-b)
Shri Vile Parle Kelavani Mandal’s
NARSEE MONJEE COLLEGE OF COMMERCE & ECONOMICS
For the academic year 2019-2020 Batch of students
TYBCOM
Business Management (Management and Organisation Development)
Semester VI
SAMPLE QUESTIONS
1. All questions are compulsory.
2. In the exam there will be in all 25 questions of 2 marks each.
3. The duration of the entire paper will be for 1 hour
3. Please check whether you have the right question Paper.
5. Few of the sample questions with the answers are as given below: -
Q) Select the most appropriate answer from the options given below.
1) The basic purpose of communication is to __________ and cooperative human
relationships.
a) create mutual understanding
b) create mutual help
c) bring about coordination
d) create mutual interest
2) ____________ largely depends on the interest and ambiguity which members of the
organisation perceive.
a) Status barrier
b) Grapevine
c) Filtering
d) Rumour
.
3) __________leadership involves complete delegation of authority so that
subordinates themselves take decisions.
a) Democratic
b) Sociocratic
c) Paternalistic
d) Free- rein
4)________________ permeates the entire process of Management running like a silken
thread through its elements.
a) Coordination
b) cooperation
c) co-optation
d) conciliation
5)______________may be defined as an attempt to design jobs in such a way as to build
in the opportunity for achievement, recognition, responsibility, and personal growth.
a) Job rotation
b) Job enrichment
c) Job evaluation
d) Job design
6) According to Herzberg, __________factors are necessary to maintain a reasonable
level of satisfaction among employees.
a) motivating
b) esteem
c) maintenance
d) social
7)_____________implies the existence of certain standards against which actual results
may be evaluated.
a) Direction
b) Forecasting
c) Control
d) Decision making
8) ___________ is an independent and critical examination of the entire management
process as a total and organic system.
a) Statistical control
b) Management Audit
c) Budgetary Control
d) Personal observation
9) _____________ is not aimed at simply making organisations more productive and
efficient, it also strives to make work place satisfying and pleasant.
a) Organisation Development
b) Organisation Change
c) Management development
d) Managing change
10) _____________ is a process in which an effort is purposefully made by one
person or unit to block another that results in frustrating the attainment of other’s
goals or the furthering of his or her interests.
a) Aftermath
b) Compromise
c) Problem Solving
d) Conflict
***************************************************
ALL THE BEST DEAR STUDENTS !
SAMPLE QUESTIONS FORMAT SUBJECT NAME: BUSINESS MANAGEMENT-VI(FINANCIAL MANAGEMENT)
(SEM VI) (FOR FINAL YEAR/SEMESTER STUDENTS OF ACADEMIC YEAR 2019-20 OR
EARLIER)
1. SEAT NO: ______________________ (Compulsory)
2. SAP NO: ______________________ (Compulsory)
3. A project involves an investment of Rs.10,00,000/-, has an economic life of ten years, no salvage at the end of the project life and is expected to generate a cash inflow of Rs. 2,00,000/- per annum. Its Pay Back Period will work out to ________ a. 5 years b. 8 years c. 2 years d. 10 years
4. In Pay Back Period Method, the project with ________ is selected. a. highest estimated useful life b. shortest pay back period c. longest pay back period d. highest yield
5. Capital expenditure decisions are ________ in nature. a. reversible b. irreversible c. flexible d. tactical
6. A Ltd. Has a net operating cycle of 55 days, Raw Material Storage Period of 40 days, Conversion Period of 2 days, Finished Goods Holding Period of 20 days, and Creditors Payment Period of 25 days. Its Debtors Collection period will work out to ______ days. a. 7 b. 18 c. 22
d. 25 7. _______ will reduce the duration of the net operating cycle.
a. increase in the creditors payment period b. decrease in the creditors payment period c. increase in raw materials holding period d. increase in finished goods holding period
8. Monty Enterprises grants credit to its customers at 5/5net 100. Its effective cost of granting credit will work out to _______. a. 19.94% b. 21% c. 12% d. 17.5%
9. Zebrra Enterprises has a daily credit sales of Rs. 30,000/- and funds cost 6% per annum. If it speeds up its collections by 3 days, its Annual Benefit will work out to ___________ a. Rs.5,400/- b. Rs.90,000/- c. Rs.1,800/- d. Rs.3,600/-
10. In cash management, the time between the sale and furnishing the sales invoice to the buyer is termed as ________ a. Processing Float b. Mail Float c. Bill Float d. Collection Float
11. Cost behaviour refers to _____________ a. how costs react to a change in the level of activity b. classification of costs into Production, Administration, Selling And Distribution Overheads c. classifying costs into controllable and uncontrollable d.classifying costs into avoidable and unavoidable
12. Total Costs + Profits = ____________________ a. Cost of sales b. Sales c. Cost of Goods Sold d.Works Cost
Sample Questions Format
CORREC
T
ANSWER
SR
NO.
TYBCOM SEM VI(SAMPLE PAPER)
COMPUTER SYSTEMS AND APPLICATIONS
1. SEAT NUMBER _______________ (COMPULSORY)
2. SAP NO ______________________ (COMPULSORY)
3. Conversion of data into code is called
a) Firewall b)Decryption
c)Encryption d) Password
c)
4. SET ensures
a) Authentication b)Non-repudiation
c)Both Authentication and Non -repudiation
d) Encryption
c)
5. The most commonly used form of payment in E Commerce is
a) Credit card b)PayPal
c)Petro Card d) Digital cash
a)
6. The______ function obtains its time and date from the Computer’s
clock
a) Today() b)Now()
c)Current() d) Days360()
b)
7. In the range consisting of 10 numbers, which of these formulae will
return the 5th largest number?
a) LARGE(A1:A5,5) b)LARGE(A5:A10,5)
c)LARGE(A1:A10,5) d) Large(5,A1:A10)
c)
8. What chart object is horizontal or vertical line that extends across the
plot area to make it easier to read and follow the values
d)
a) Category Axis b)Data marker
c)Data point d) Gridline
9. A Scenario uses all of the following except
a) Changing cells b)a table area
c)Result cells d) Formulas
b)
10. The ASCII Code of alphabets is_______ than that of digits 0 to 9
a) Less than b)Greater than
c)depends on whether its lower or upper case
d) Cannot be said with certainty
a)
11. Visual Basic Projects are identified by a
a) “.VBP” suffix b)”.MAK”suffix
c)”.FRM”suffix d) “.VISUALBASIC”
a)
12. Visual Basic Controls are
a) Code b)Part of the Menus
c)Rules d) Objects
d)