Highlights
Internal Assignment No. 1
Q. 1. Answer all the questions.
(i) Write two objectives of financial statement analysis.
(ii) What do you mean by Revenue Centre?
(iii) What is Depreciation? How it is calculated?
(iv) Differentiate between assets and liabilities.
(v) What is the use of preparing Sales Budget?
Note: Answer any two questions. Each question carries 5 marks (Word limits 500)
Q. 2. Discuss all the concepts of accounting.
Q. 3. Define Zero Base Budgeting. What are the steps involved in this?
Q. 4. Explain and illustrate any two of the following ratios used in the interpretation of published accounts of companies
(i) Current ratio(ii) Return on Net Worth(iii) Debt Equity Ratio
Internal Assignment No. 2
Q. 1. Answer all the questions.
(i) What is full disclosure convention?
(ii) Name the various material variances.
(iii) What is the objective of preparing Trial Balance?
(iv) State the formula for calculating PV Ratio.
(v) Write the adjustment entry for “Manager’s Commission on Net Profit”. Note: Answer any two questions. Each question carries 5 marks (Word limits 500)
Q. 2. What are the different types of budgets prepared in an organization?
Q. 3. Give a specimen of cash flow statement by indirect method using imaginary figures.
Q. 4. Write a note on Activity Based and Target Costing.
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