Accounts - Part A - All

Q.1 Analyse any four differences between financial accounting and cost
accounting.

Q.2 From the following, find out: current assets, current liabilities, liquid assets
and stock. Information: Current ratio 2.5, Liquidity ratio 1.5 and Working Capital
Rs.60,000.

Q.3 What is a 'Schedule of changes in working capital'?

Q.4 What are the limitations of 'Cash Flow Analysis'?

Q.5 Briefly explain the various elements of costing.

Q.6 Sales Rs.2,00,000; Variable cost Rs.1,00,000; Fixed Cost Rs. 60,000. Find out:
(a) P/V ratio and BEP when there is 10% increase in variable cost. (b) P/V ratio
and BEP when there is 10% decrease in variable cost.

Q.7 Describe the objectives of budgetary control.

Q.1 Describe the various branches of accounting.

Q.2 From the following information calculate current ratio. Sales Rs.30.00,000;
Cost of sales Rs.20,00,000; Net profit Rs.4,00,000; Average inventory Rs.8,00,000;
Other current assets Rs.7,00,000; Fixed assets Rs.15.40,000; Net worth
Rs.15.00,000; Debts (Long term) Rs.9,00,000; Current Liabilities Rs.5,00,000;
Net profit before tax and interest Rs.8,00,000.

Q.3 Differentiate between fund flow statement and statement.

Q4. Point out the uses of cash flow analysis.

Q.5 Write a detailed note on Cost unit and Cost centre.

Q.6 From the following particulars you are required to calculate BEP. (a) Fixed
cost Rs.2,00,000; (b) Selling Price per unit Rs.40; (c) Variable cost per unit Rs.1.5.

Q.7 Describe the Essentials of budget.

Q.1 State any five Accounting Concepts.

Q.2 From the following, find out: current assets, current liabilities, liquid assets
and stock. Information: Current ratio 3.5, Liquidity ratio 2.5 and Working Capital
Rs.1,00,000.

Q.3 How do you ascertain 'Funds from operations?

Q.4 What are the advantages of 'Cash Flow Statement?

Q.5 Bring out the classification of cost.

Q.6 The sales turnover Period and profit during two Sales (Rs.) 20 lakhs periods
were as follows:

Period Sales(Rs) profit(Rs)

| 20 lakhs 2 lakhs
|| 30 lakhs 4 lakhs

Calculate:
(a) Sales required to earn a profit of Rs.5,00,000.
(b) Profit when sales are Rs.10,00,000.

Q.7 What is "Variance Analysis"? What is its importance?