Q1 GE

SNO. NAME BASIC SALARY DEARNESS ALLOWANCE

1 ABC 55000 9350

2 PQR 80000 13600
3 XYZ 95000 16150
 GENERAL PAY ROLL STATEMENT

HOUSE RENT TRANSPORT DA ON TRANSPORT

ALLOOWANCE ALLOWANCE ALLOWANCE

13200 8000 1360

19200 16000 2720
22800 16000 2720
GROSS INCOME
PROVIDENT FUND NET SALARY
SALARY TAX

86910 8691 6952.8 71266.2

131520 13152 10521.6 107846.4
152670 15267 12213.6 125189.4
Q2 X Y
27 15
24 23
32 42
56 60
78 81
89 85
94 92
22 48
48 71
68 60

(A) CORRELATION 0.8916

(B)
VALUES FOR Y

100
90
80
70
60
50
40
30
20
10
0
10 20 30 40 50 60 70 80 9
VALUES FOR X
 (C) SLOPE 0.8405 (E)
Y- INTERCEPT 12.4796

Y= ayx + byxX
Here, byx = Slope
ayx = Y- Intercept
Y=12.4796+0.8405X

(D) SLOPE 0.9457 (F)

X- INTERCEPT -0.7687

X= axy + bxyY
Here, bxy = Slope
axy = X- Intercept
X=-0.7687+0.9457Y

70 80 90 100
When X= 70, Then Y will be
71.3166

When Y =70, Then X will be

65.4325
 Q3
ABC LTD.DEPRECIATION TABLE

Method Particulars Date of purchase Cost of Machine

WDV Machine A 9/1/2019 600000

YEAR
1
2
3
4
5
6
7
8
TOTAL

Method Particulars Date of purchase Cost of Machine

SLM Machine B 1/1/2020 500000

YEAR
1
2
3
4
5
6
7
8
9
TOTAL
ATION TABLE

Estimated Salvage
Estimated Useful Life
Value

8 50000

DEPRECIATION
₹ 93,450.00
₹ 117,426.60
₹ 86,073.70
₹ 63,092.02
₹ 46,246.45
₹ 33,898.65
₹ 24,847.71
₹ 18,213.37
₹ 483,248.50

Estimated Salvage
Estimated Useful Life
Value

9 50000

DEPRECIATION
₹ 12,500.00
₹ 50,000.00
₹ 50,000.00
₹ 50,000.00
₹ 50,000.00
₹ 50,000.00
₹ 50,000.00
₹ 50,000.00
₹ 50,000.00
₹ 412,500.00
Q4 . (a) Full capacity (Units) 100000

Fixed Cost of producing the product ₹ 800,000.00

Variable cost (per unit) ₹ 20.00
Selling price (per unit) ₹ 40.00

PROFIT AND LOSS STATME

No. of Units
S. NO. WORKING CAPACITY
Produced

1 25% 25000
2 35% 35000
3 45% 45000
4 55% 55000
5 75% 75000
6 90% 90000

No. of Units
(b) S. NO. WORKING CAPACITY
Produced
1 40% 39999.9999999996

Therefore, the company must produce at 40% to attain break-even point

 PROFIT AND LOSS STATMENT

Sales Total Cost Profit/Loss

₹ 1,000,000.00 ₹ 1,300,000.00 -₹ 300,000.00

₹ 1,400,000.00 ₹ 1,500,000.00 -₹ 100,000.00
₹ 1,800,000.00 ₹ 1,700,000.00 ₹ 100,000.00
₹ 2,200,000.00 ₹ 1,900,000.00 ₹ 300,000.00
₹ 3,000,000.00 ₹ 2,300,000.00 ₹ 700,000.00
₹ 3,600,000.00 ₹ 2,600,000.00 ₹ 1,000,000.00

Sales Total Cost Profit/Loss

₹ 1,600,000.00 ₹ 1,600,000.00 ₹ 0.00

0% to attain break-even point

Q5. Amount of Loan ₹ 1,000,000

Term of Loan (Years) 5

Periodicity of Loan
60
(Months)

Rate of Interest (p.a) 12%

Effective Rate 0.01
Installment ₹ 22,244.45

GENERALISED LOAN STATEMENT

Total Amount
Opening due (Opening
Period Interest
Balance Balance +
Interest)
0
1 ₹ 1,000,000 ₹ 10,000 ₹ 1,010,000
2 ₹ 987,755.55 ₹ 9,878 ₹ 997,633
3 ₹ 975,388.66 ₹ 9,754 ₹ 985,143
4 ₹ 962,898.10 ₹ 9,629 ₹ 972,527
5 ₹ 950,282.63 ₹ 9,503 ₹ 959,785
6 ₹ 937,541.01 ₹ 9,375 ₹ 946,916
7 ₹ 924,671.97 ₹ 9,247 ₹ 933,919
8 ₹ 911,674.25 ₹ 9,117 ₹ 920,791
9 ₹ 898,546.54 ₹ 8,985 ₹ 907,532
10 ₹ 885,287.56 ₹ 8,853 ₹ 894,140
11 ₹ 871,895.99 ₹ 8,719 ₹ 880,615
12 ₹ 858,370.50 ₹ 8,584 ₹ 866,954
13 ₹ 844,709.76 ₹ 8,447 ₹ 853,157
14 ₹ 830,912.41 ₹ 8,309 ₹ 839,222
15 ₹ 816,977.08 ₹ 8,170 ₹ 825,147
16 ₹ 802,902.40 ₹ 8,029 ₹ 810,931
17 ₹ 788,686.98 ₹ 7,887 ₹ 796,574
18 ₹ 774,329.40 ₹ 7,743 ₹ 782,073
19 ₹ 759,828.25 ₹ 7,598 ₹ 767,427
20 ₹ 745,182.08 ₹ 7,452 ₹ 752,634
21 ₹ 730,389.46 ₹ 7,304 ₹ 737,693
22 ₹ 715,448.90 ₹ 7,154 ₹ 722,603
23 ₹ 700,358.95 ₹ 7,004 ₹ 707,363
24 ₹ 685,118.09 ₹ 6,851 ₹ 691,969
25 ₹ 669,724.82 ₹ 6,697 ₹ 676,422
26 ₹ 654,177.62 ₹ 6,542 ₹ 660,719
27 ₹ 638,474.95 ₹ 6,385 ₹ 644,860
28 ₹ 622,615.25 ₹ 6,226 ₹ 628,841
29 ₹ 606,596.96 ₹ 6,066 ₹ 612,663
30 ₹ 590,418.48 ₹ 5,904 ₹ 596,323
31 ₹ 574,078.22 ₹ 5,741 ₹ 579,819
32 ₹ 557,574.55 ₹ 5,576 ₹ 563,150
33 ₹ 540,905.85 ₹ 5,409 ₹ 546,315
34 ₹ 524,070.46 ₹ 5,241 ₹ 529,311
35 ₹ 507,066.72 ₹ 5,071 ₹ 512,137
36 ₹ 489,892.93 ₹ 4,899 ₹ 494,792
37 ₹ 472,547.42 ₹ 4,725 ₹ 477,273
38 ₹ 455,028.44 ₹ 4,550 ₹ 459,579
39 ₹ 437,334.28 ₹ 4,373 ₹ 441,708
40 ₹ 419,463.17 ₹ 4,195 ₹ 423,658
41 ₹ 401,413.36 ₹ 4,014 ₹ 405,427
42 ₹ 383,183.04 ₹ 3,832 ₹ 387,015
43 ₹ 364,770.43 ₹ 3,648 ₹ 368,418
44 ₹ 346,173.68 ₹ 3,462 ₹ 349,635
45 ₹ 327,390.97 ₹ 3,274 ₹ 330,665
46 ₹ 308,420.44 ₹ 3,084 ₹ 311,505
47 ₹ 289,260.19 ₹ 2,893 ₹ 292,153
48 ₹ 269,908.35 ₹ 2,699 ₹ 272,607
49 ₹ 250,362.98 ₹ 2,504 ₹ 252,867
50 ₹ 230,622.16 ₹ 2,306 ₹ 232,928
51 ₹ 210,683.94 ₹ 2,107 ₹ 212,791
52 ₹ 190,546.33 ₹ 1,905 ₹ 192,452
53 ₹ 170,207.35 ₹ 1,702 ₹ 171,909
54 ₹ 149,664.97 ₹ 1,497 ₹ 151,162
55 ₹ 128,917.17 ₹ 1,289 ₹ 130,206
56 ₹ 107,961.90 ₹ 1,080 ₹ 109,042
57 ₹ 86,797.07 ₹ 868 ₹ 87,665
58 ₹ 65,420.59 ₹ 654 ₹ 66,075
59 ₹ 43,830.35 ₹ 438 ₹ 44,269
60 ₹ 22,024.21 ₹ 220 ₹ 22,244
TEMENT

Closing
Installment
Balance

₹ 1,000,000
₹ 22,244.45 ₹ 987,755.55
₹ 22,244.45 ₹ 975,388.66
₹ 22,244.45 ₹ 962,898.10
₹ 22,244.45 ₹ 950,282.63
₹ 22,244.45 ₹ 937,541.01
₹ 22,244.45 ₹ 924,671.97
₹ 22,244.45 ₹ 911,674.25
₹ 22,244.45 ₹ 898,546.54
₹ 22,244.45 ₹ 885,287.56
₹ 22,244.45 ₹ 871,895.99
₹ 22,244.45 ₹ 858,370.50
₹ 22,244.45 ₹ 844,709.76
₹ 22,244.45 ₹ 830,912.41
₹ 22,244.45 ₹ 816,977.08
₹ 22,244.45 ₹ 802,902.40
₹ 22,244.45 ₹ 788,686.98
₹ 22,244.45 ₹ 774,329.40
₹ 22,244.45 ₹ 759,828.25
₹ 22,244.45 ₹ 745,182.08
₹ 22,244.45 ₹ 730,389.46
₹ 22,244.45 ₹ 715,448.90
₹ 22,244.45 ₹ 700,358.95
₹ 22,244.45 ₹ 685,118.09
₹ 22,244.45 ₹ 669,724.82
₹ 22,244.45 ₹ 654,177.62
₹ 22,244.45 ₹ 638,474.95
₹ 22,244.45 ₹ 622,615.25
₹ 22,244.45 ₹ 606,596.96
₹ 22,244.45 ₹ 590,418.48
₹ 22,244.45 ₹ 574,078.22
₹ 22,244.45 ₹ 557,574.55
₹ 22,244.45 ₹ 540,905.85
₹ 22,244.45 ₹ 524,070.46
₹ 22,244.45 ₹ 507,066.72
₹ 22,244.45 ₹ 489,892.93
₹ 22,244.45 ₹ 472,547.42
₹ 22,244.45 ₹ 455,028.44
₹ 22,244.45 ₹ 437,334.28
₹ 22,244.45 ₹ 419,463.17
₹ 22,244.45 ₹ 401,413.36
₹ 22,244.45 ₹ 383,183.04
₹ 22,244.45 ₹ 364,770.43
₹ 22,244.45 ₹ 346,173.68
₹ 22,244.45 ₹ 327,390.97
₹ 22,244.45 ₹ 308,420.44
₹ 22,244.45 ₹ 289,260.19
₹ 22,244.45 ₹ 269,908.35
₹ 22,244.45 ₹ 250,362.98
₹ 22,244.45 ₹ 230,622.16
₹ 22,244.45 ₹ 210,683.94
₹ 22,244.45 ₹ 190,546.33
₹ 22,244.45 ₹ 170,207.35
₹ 22,244.45 ₹ 149,664.97
₹ 22,244.45 ₹ 128,917.17
₹ 22,244.45 ₹ 107,961.90
₹ 22,244.45 ₹ 86,797.07
₹ 22,244.45 ₹ 65,420.59
₹ 22,244.45 ₹ 43,830.35
₹ 22,244.45 ₹ 22,024.21
₹ 22,244.45 ₹ 0.00
Q6. YEAR CASH OUTFLOWS CASH INFLOWS
Beginning of Year 1 500000 0
End of Year 1 100000 50000
End of Year 2 0 200000
End of Year 3 0 250000
End of Year 4 0 200000
End of Year 5 0 150000
End of Year 6 0 50000

(a) INTERNAL RATE OF RETURN 13.86%

(b) NPV If rate is 16% ₹ -27,507.90

In the given scenario, since the cost of capital (16%) is greater than the Internal Ra
proposal.

(c) NPV If rate is 12% ₹ 27,044.80

If the Company earns 12% on its investment the Net Present Value>0, therefore the
project.
 NET CASH FLOW
-500000
-50000
200000
250000
200000
150000
50000

greater than the Internal Rate of Return (13.86%), NPV < 0,and therefore Company should Reject the

sent Value>0, therefore the Company should Accept this

ld Reject the
Q7

DATA CLASS LIMIT BIN

16 0-10 10
34 10--20 20
47 20-30 30
14 30-40 40
94 40-50 50
65 50-60 60
19 60-70 70
66 70-80 80
76 80-90 90
100 90-100 100
40
53
22 GROUP Frequency MID Frequency*Mid
7 0-10 8 5 40
70 10--20 6 15 90
23 20-30 7 25 175
9 30-40 6 35 210
42 40-50 2 45 90
40 50-60 3 55 165
52 60-70 7 65 455
61 70-80 5 75 375
22 80-90 2 85 170
88 90-100 4 95 380
18 TOTAL 50 2150
56
4 MEAN 43
24
26
74 MEDIAN L+(N/2-C)*H/F
20 L 30
70 N/2 25
90 C 21
32 H 10
100 F 6
28 MEDIAN 36.6666666667
38
37
9
6
76
4
71
97
64
5
77
7
11
23
68
 BIN Frequency
10 8
20 6
30 7
40 6
50 2
60 3
70 7
80 5
90 2
100 4
More 0

C.F Freq*Mid^2
8 200
14 1350
21 4375
27 7350
29 4050
32 9075
39 29575
44 28125
46 14450
50 36100
134650

VARIANCE 844 Third Quartile

S.D 29.0516780926679 77th Percentile

MODE L+{(F1-F0)*H/(2*f1-f0-f2)}
L 0
f1 8
f0 0
f2 6
H 10
MODE 8
69.5
70
Q8

S. NO. PARTICULARS
A Annual Income
Tax on the Annual
B
Income
C Surcharge on Tax
Health and Education
D
Cess
E Income Tax

<250000

TAX RATES 0%

CESS NIL

SURCHARGE

TAXABLE INCOME 22500000

TAX SLAB TAX RATE

0 TO 250000 0%
250001 TO 500000 5%
500001 TO 1000000 20%
>1000000 30%
50L<1CR 30%
>1CR 30%
SUB TOTAL
TOTAL INCOME TAX
 GENERALISED INCOME TAX STATEMENT

1 2 3
₹ 200,000 ₹ 350,000 ₹ 700,000

₹ - ₹ 5,000 ₹ 52,500

₹ - ₹ - ₹ -

₹ - ₹ 200 ₹ 2,100

₹ - ₹ 5,200 ₹ 54,600

<500000 <1000000 >1000000

5% 20% 30%

4% ON INCOME TAX 4% ON INCOME TAX 4% ON INCOME TAX

GENERALIZED FORMULA

TAX SURCHARGE RATE SURCHARGE

0 0% 0
12500 0% 0
100000 0% 0
6450000 0% 0
10% 0
20% 1312500
6562500 1312500
8190000
TAX STATEMENT

4 5 6
₹ 1,300,000 ₹ 6,500,000 ₹ 22,500,000

₹ 202,500 ₹ 1,762,500 ₹ 6,562,500

₹ - ₹ 176,250 ₹ 1,312,500

₹ 8,100 ₹ 77,550 ₹ 315,000

₹ 210,600 ₹ 2,016,300 ₹ 8,190,000

50L<1CR >1CR

30% 30%

4% ON INCOME
4% ON INCOME TAX
TAX

10% ON TAX 20% ON TAX

HEALTH & EDUCATION

RATE
CESS
4%
4%
4%
4%
4%
4%
315000
Q9.

XYZ INSTITUTE EXAMINATION RESULTS

S. NO Name of the Student ACCOUNTANCY Income Tax

1 SHUBHAM 93 55
2 SURAJ 30 22
3 HARSHAD 45 83
4 MIHEER 66 14
MINATION RESULTS

Economics Total Aggregate Result

75 223 74.33 Pass

71 123 41 Fail
88 216 72 Pass
95 175 58.33 Fail
Q. 10 Find the value of the following:

(i) e0.4
1.49182469764127

(ii) e2.8
16.444646771097

(iii) log108
0.903089986991943

(iv) log10118
2.07188200730613

(v) Antilog of 7
10000000

(vi) Antilog of 258

1E+258

(vii) Natural log of 1.5

0.405465108108164

(viii) Natural log of 25

3.2188758248682