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Explain in brief Pay Roll Accounting function in a Manufacturing enterprise.
Describe the nature and scope of management Accounting. What is the procedure of forfeiture and re-issue of shares?
Describe Accounting rule of Nominal account. Describe Tangible and Intangible Assets.
A and B Share profits and losses in the ratio of 5:2. They have decided to dissolve the firm. Assets and external liabilities have been transferred to Realization account.
Illustrate the exceptions to the creation of Debenture Redemption Reserve as per SEBI Guidelines.
Explain the limitations of financial statements. Describe the preparation of income and expenditure account by a non-profit organisation.
Daren, Eden and Waren are in partnership sharing profit and losses in the ratio of 5:2:3 correspondingly. At 1 November 2011 their capital and current account balances were:
Differentiate between a contingent asset and a contingent liability and when they must be disclosed.
What do you mean by the term Conceptual Framework in Accounting?
By using suitable illustrations distinguish between capital expenditure and revenue expenditure.
Make the Sales Ledger Control Account and the Purchases Ledger Control Account for the year ended 30 June 2012 for Jarvis Plc.
Huby Edge Enterprise has been operating in the textile sector for the last five years. It has produced the given trial balance for the year ended June 2012.
List and describe three ways in which the preparation of a cash budget could be of benefit to the management of N Morris.
Name and describe main factors affecting product development and design. Use longest work element time rule to balance the assembly line described in the following table so that it will produce 40 u
Calculate the financial ratios mentioned above for Mr Donald’s business in respect for the year ended 31st December 2005. Financial ratios are sufficient for the evaluation of businesses”
What are the major reasons accounting for the difference between balance in the cash book and the bank reconciliation? Distinguish between a standing order and a direct debit.
Create the Debtors Control Account and the Creditors Control Account for the month of April 2006. Briefly explain the reasons for preparing control accounts.
Distinguish, with the help of suitable examples, between capital and revenue expenditure. What is the significance of the prudence concept in accounting?
Compute the overhead absorption rate for Machining and Finishing and describe the relevance of the basis used.
Distinguish between Financial Accounting and Management Accounting. Find out VIMAAN Company's break-even point in units.
Produce a graph to show the break-even point associated with the proposal to purchase new machinery. Compute margin of safety associated with the estimated level of output.
Analyze the nature of the efficient markets hypothesis (EMH) and describe how the various forms of efficiency can be tested.
Weight in X (%) 100 75 50 25 0 Weight in Y (%) 0 25 50 75 100. Compu
Distinguish between capital expenditure and revenue expenditure, describing the important criteria which make the differences possible.
A two year bond with the annual coupon of 6 per cent, par value of Rs 100 and next coupon payment in one year. The present yield to maturity on this bond is 6.5 per cent. Compute the market price of