QB 1 yr FA part 2

QB 1 yr FA part 2

UNIT IV

1)       What do you understand by a non-trading concern.(osm Oct 2004)

2)       What is a single entry system of accounting.? Describe its    limitations and advantages

3)       Distinguish between single entry and double entry system

4)       Distinguish between statement of affairs and balance sheet.

5)       What are the methods of findings profits under single entry system.

6)       Distinguish between trading concerns and non-trading concerns.

UNIT-V

1.     Write short notes on Fixed capital and fluctuating capital.(PE1,Nov 1995)

2.    Briefly explain the Realization and revaluation a/c( May 04,PE1)

3.    Write a note on Garner vs. Murray rule

4.    What is joint life policy ? Describe the accounting treatment of Joint life policy up on the death of a partner.

5.    What is Goodwill? How is it treated on the admission of a partner?

QB 1 yr FA part 1

                                                                   QUESTION BANK(Only Theory)

UNIT-I

 1.     What is accounting? Explain how accounting is useful to different groups of users in the society.                                                                                                                                                                    (Mar 03)(Mar 02)

2.     What are accounting principles? Explain the various accounting concepts and conventions.                                                                                                                                                                            (Mar 02)(Oct 02)

3.     Explain the objectives, advantages and limitations of accounting.                                  (Mar 05)(AU Mar 02)

1.       What do you understand by ‘subsidiary books’? What are its merits and demerits?                                                                                                                                                                         (Oct 02)(Mar 04)(SKU Mar  02)

5.     “Entity” and “continuity” concepts are interrelated. Comment.                                                               (Oct 03)

6.     What is imprest system petty cash? Show a specimen of petty cash book with an imprest system.    (Mar 05)

7.     Distinguish book keeping and accounting and list out the significance of accounting. (Mar 05)(KU Mar 02)

8.     State the objectives and branches of accounting?                                                                       (Mar 03,04)(SKU Mar 02)

9.     What is journal proper? What entries are recorded in it?                                                            (Oct 03)(Mar 03)

10.  Distinguish between:                                                                                                                   (Oct 04)(KU Mar 02)

1.       Debit note and credit note.

2.       Trade discount and cash discount.                                                                          (AU Mar 02)(NU Mar 02)

11.  Write short notes on:

1.       Invoice

2.       Imprest system of petty cash book.                                                                                                      (S.V Univ Mar 02)

12.  What is contra entry?                                                                                                                                                 (KU Mar 02)

13.  Distinguish between accrual basis of accounting and cash basis of accounting.                            (NU Mar 02)

14.  Explain briefly the different accounting concepts with suitable examples.                                     (NU Mar 02)

15.  State the debit and credit rules for different accounts.                                                                        (AU Mar 02)

16.  Distinguish between capital expenditure and revenue expenditure.                                                  (AU Mar 02)

17.  Explain the advantages of journalising.                                                                                                                 (AU Mar 02)

18.  How is trial balance is prepared?                                                                                                           (SKU Mar 02)

19.  Is cash book a subsidiary book?                                                                                                              (AU Mar02)

 UNIT-II

 1.       Write short notes on:    (Oct 03)(Oct, 02)

a.       Capital expenditure

b.       Revenue expenditure

c.        Differed revenue expenditure

         

2.        Write the differences between capital and revenue expenditure. (Mar 04)

3.       What do you mean by the suspense a/c? Why it is opened? (Mar 02)(AU Mar 02)

4.       What are errors of principles? (KU Mar 02)

5.       Write about the classification of assets and liabilities? (SVU Mar 02)

6.          Explain the merits and demerits of various methods of calculating depreciation.  (Oct 03)

7.        “The method of depreciation has an impact on profits of the business.” Explain with an example. (Mar 03)

8.       What is depreciation? What are the different methods of depreciation used for different assets? Does the method of depreciation used have impact on the profits of the business? (Mar 02)(KU Mar 02)

9.       What is a secret reserve? In what different ways it can be maintained? (Mar 02)

10.    How do you differentiate a reserve, provision and reserve fund? What are the different types of reserves we come across in the business?  (Mar 02)

11.    Differentiate between a provision and a reserve. Explain different kinds of provisions and reserves that are maintained by the businessman (Oct 02)(Mar 03,04,05)(SKU Mar 02)(NU Mar 02)

12.    Distinguish between general reserve, specific and reserve fund. (Mar 05)             

 UNIT-III

 1.      What is BRS? Why it is necessary to prepare such a statement?       (Mar 02)(AU Mar 02)

2.       Explain the essentials of bills of exchange and differentiate it from promissory note.                                (Oct 04)

3.      Write the short notes on:                                                                                                                            (Mar 95)

a.       Drawee.

b.        Drawer.

c.        Payee.

d.       Accommodation bills.                                                                                                                        (NU Mar02)

e.        Noting charges.

f.        Retiring of bill.                                                                                                                                   (SUV Mar02)

4.      “Balance as shown by the pass book need not necessarily be the same as that of cash book.” Explain.                

                                                                                                                                                                          (Mar 02)

5.       How is bank reconciliation statement prepared?                                                                   (AU Mar 02)

6.       Distinguish between trade bill and accommodation. (AU Mar 02)(NU Mar 02)(CS195,96,01)

7.      Define ‘bill of exchange’. Distinguish between trade bill and accommodation bill. (KU Mar02)

          

8.      What is meant by account sales? Prepare account sales with imaginary figures.  (Mar 02)

           

9. Explain the terms:

a.   Account sales

b.   Delcredere commission.  (Oct 02)(SVU 02)

10.Give the proforma of account sales. (Oct 03)

11. Distinguish between joint venture and consignment (Oct 04)

12.Distinguish between joint venture, consignment and partnership. (Osm univ)(NU Mar 02)(SVU 02)

13Why is del credere commission paid? (AU Mar 02)

14.How will you treat normal loss in consignment accounts? (AU Mar 02)

15. Explain the accounting treatment for abnormal loss in consignment? (NU Mar 2)

16.  What is consignment? Explain the salient features of consignment? (KU Mar 02)

QB 1 yr ME part 2

QB 1 yr ME part 2

 UNIT IV

1.       “Pricing in practice is completely divorced from the theory of the firm”. Explain with special reference to dual pricing.

2.       Discuss the various techniques of price formulation in actual business situation.

3.       Explain the method of cost-plus pricing. Also state the strengths and weaknesses of traditional pricing theory.

4.       Discuss the uses and limitations of marginal cost pricing

5.       Distinguish between the pricing policies followed by big and the small businesses.

6.       What are the unique problems faced by multi-product firms in setting a price for each product? Explain them with suitable illustrations wherever possible.

7.       Explain incremental reasoning in pricing. What are its advantages and limitations (OU.Mar.2005.Mar.2004)

8.       What are the specific problems of product-line pricing?

9.       Explain the pricing policies at various stages of product life cycle.

10.    What do you understand by transfer pricing? How transfer price is determined?

11.    What factors influence the choice of prices for a product-line by a firm? Discuss

12.    How does the price determination of a multi-product firm differ from that of a single product firm? (OU.Mar.2005)

13.    State the objectives of pricing policy and explain the different methods of pricing. (OU.Nov.1999.Mar.1999)

14.  What is the role of cost in pricing?

UNIT V

1.       “Profit is the reward for successful innovation”. Explain  (OU.Mar.2004)

2.       Explain the risk and uncertainty theories of profit (OU.Mar.2005)

3.       Define profits and explain the nature and the sources of profit  (OU.Mar.2000)

4.       Distinguish between accountants’ concepts of profit and economists concept of profit.

5.       Explain briefly the various theories of profit and discuss the statement “profit as the objective of a firm is at best a very limited concept”.

6.       Explain the concept of break-even in profit planning

7.       Explain Break-even analysis and its limitations

8.       What is break-even point? State the significance of break-even analysis (OU.Mar.2000)

9.       What do you understand by business cycles? Explain the process of the boom, the depression and the recovery. (OU.Mar.2004)

10.    Explain the phases and causes of business cycles (OU.Mar.2005)

11.    What do you understand by a business cycle? Why does it occur mostly in free enterprise economy?

12.    Why do business cycles occur? Explain the monetary and non-monetary factors causing business cycles (OU.Mar.1998)

13.    What is cyclical pricing? What are the factors that influence this policy?

14.    What are the various difficulties involved in measurement of national income in India? (PE-I. Nov.1998)

15.    Explain different methods of measuring National Income . What are their limitations? (PE-I.Nov. 2001)

16.    Explain the value added method of measuring national income (PE I.May.2004)

17.    What is national income? Is it a reliable index of economic welfare (PE-I.May.2002)

QB 1 yr ME part 1

QUESTION BANK

UNIT I

1.       ”Managerial Economics is Economics applied in decision-making”- Discuss (OU.Mar.2005)

2.       Define Managerial Economics and show how differs from economic theory. (OU.Mar.2004)

3.       Explain the meaning and scope of Managerial Economics in Market Economy (OU.Mar.2000, Mar, 1999)

4.       “Managerial Economics is prescriptive rather than descriptive in character”-Discuss (OU.Mar.1996)

5.       “Managerial Economics is the integration of economic theory with business practice for the purpose of facilitating decision-making and forward planning”- Discuss

6.       “Managerial Economics bridges the gap between economic theory and economic practice”. Discuss

7.       What role does the managerial economist play in business?

8.       Discuss the nature and scope of managerial economics.

9.       Explain the incremental concept and state its importance (OU.Mar.2000)

10.    What is opportunity cost? How is it calculated? Describe the significance of opportunity cost in allocation of resources by firms.

11.    What is the difference between incremental concept and marginal concept? When can the decision by an entrepreneur be considered valid according to the incremental principle?

12.    How far is profit maximization the basic objective of the firm? What are the reasons for limiting profits?

13.    How is the behavior of the profit-maximizing firm different from the revenue-maximizing firm?

14.    Why is demand analysis essential for successful production planning and capital expansion?

15.    Explain price elasticity of demand. How can it be measured? (OU.Mar.2004)

16.    What is income elasticity? How do you measure it? What is its significance? (OU.Mar.2005)

17.    What are the types of elasticity of demand? Explain cross elasticity of demand (OU.Mar.2000)

18.    “Elasticity of demand plays an important role in demand forecasting”- Discuss (OU.Nov.1999)

19.    What is the purpose of forecasting? Discuss the factors involved in demand forecasting

20.    What is the significance of demand forecasting? What are the steps involved in forecasting demand?

21.    Discuss critically the different methods of demand forecasting

22.    “Economics is a science of choice making”. Discuss (PE-I.Nov.1994)

23.    Explain and illustrate the role of deductive and inductive methods in Economic analysis (PE-I. Nov.1996)

24.    “Macroeconomics and Microeconomics are interdependent”. Do you agree (PE-I.May.1997)

25.    Explain the characteristics of economic laws (PE-I.Nov.2003)

26.    What is the purpose of an economic model? Explain different types of economic models. (PE-I. May.2001)

27.    State the uses of the concept of elasticity of demand (PE I-May.1995)

28.    Define Price elasticity of demand. Explain the methods for its measurement (PE-I.May.1998)

29.    What is price elasticity of demand? Distinguish between point elasticity and arc elasticity of demand (PE-I.May.2002)

30.    Explain and critically examine the concept of consumer’s surplus (PE-I.Nov.1995)

31.    Explain consumer’s equilibrium with the help of Indifference curve analysis (PE-I.May.1996)

32.    Explain the law of equi-marginal utility.(b) What are the main properties of indifference curve (PE-I.May.2004)

33.    Briefly describe the various methods of demand forecasting (PE-I.Nov.1996)

UNIT II

1.       Define production function. Explain the nature and managerial uses of production function (OU.Mar.2005)

2.       Explain the law of variable proportions. (OU.Mar.2004,Mar.2000)

3.       Define production function and explain the effect of economies of scale in the optimization of production. (OU.Nov.1999)

4.       Briefly explain production function through isoquants.( OU.Mar.1999)

5.       Explain the concept of production function and discuss the production function of Cobb- Douglas type.

6.       How are the returns to scale different from returns to proportion?

7.       Derive the optimum decision rule for attaining the least-cost combination of inputs in a given productive process

8.       “Economies of scale may be either internal or external, they may be technical, managerial, financial, or risk bearing”- Elucidate.

9.       Discuss briefly the different cost concepts relevant to managerial decision of planning and control (OU.Mar.2005.Mar.2004)

10.    Explain the cost-output relationship in the short and long run.

11.    What are economies of scale? How do they influence the size of the firm?

12.    Distinguish between fixed and variable costs.

13.    Analyse the importance of U-shaped average cost of a firm(a) in fixing the volume of goods to be produced in short period,(b)in deciding the size of the plant in the long run.

14.    What is Marginal rate of substitution? Why does it diminish? What is its relationship with marginal utility (PE-I.May.2000)

15.    Explain producer’s equilibrium with the help of isoquants (PE-I.Nov.2001)

16.    Explain labour supply curve (PE-I.May.2003)

17.    Discuss factors affecting the elasticity of supply (PE-I.May.2002)

18.    Explain the characteristics of labour as a factor of production (PE-I.May.2004)

19.    Explain and illustrate different stages of the law of variable proportions (PE-I.May.2002)

20.    Explain capital formation and describe the various stages of capital formation (PE-I.Nov.1996)

21.    Explain and illustrate the average cost curves of a firm in the short-run (PE-I.May.2001)

22.    What is cost function? Explain the determinants of cost. (PE-I.Nov.2000)

23.    Explain the major components of total cost of production (PE-I.May.2004)

UNIT III

1.       Explain how price and output are determined in perfect competition. (OU.Mar.2005)

2.       Describe the features of perfect competition and show how the price is determined in perfect competition. (OU.Mar.2004)

3.       What are the main features of perfect competition? When does a firm earn super normal profits? What happens to such profits in the long run? (OU.Mar.2000)

4.       Explain the price-output equilibrium under monopoly (OU.Mar.2004)

5.       What is price discrimination under monopoly? How is the price determined under monopoly? Explain. (OU.Mar.2000)

6.       A monopolist can control either price or output, but not both. Explain

7.       Explain the efficiency of monopoly and competition in terms of price, output and cost. Should monopolies be controlled?

8.       How are the price and output determined under monopolistic competition? (OU.Mar.2005)

9.       Define oligopoly and state the importance of selling costs (OU.Nov.1999)

10.    What is meant by monopolistic competition? Is product differentiation an outcome of monopolistic competition or vice versa? Discuss the behavior of the firm under monopolistic competition.

11.    What is Oligopoly? Explain the price and output decisions taken under conditions of oligopoly.

12.    Explain price rigidity under oligopoly in terms of kinked demand curve. What will happen if firms under oligopoly (i) collide, (ii) collude

13.    “Monopolistic competition necessarily implies presence of excess capacity” Comment.

14.    What are the conditions necessary for price leadership? Is it restrictive trade practice? Substantiate the argument.

15.    Explain Kinked demand curve hypothesis. (PE-I.May.2004)

16.    What factors determine the extent of market for a commodity? (PE-I.May.1999)

17.    What are the main characteristics of a free market economy? How does it solve its basic problems? (PE-I.Nov.2001)

18.    Describe the characteristics of Oligopoly. (PE-I.May.2003)

19.    Examine the role of time element in price determination (PE-I.Nov.2001)

20.    Explain and illustrate the determination of price under monopolistic competition in the short run and long run (PE-I.May.2001)

21.    Explain and illustrate the equilibrium position for a firm under perfect competition (PE-I. Nov.2003)

22.    “Perfect competition is a myth”. Comment (PE-I.Nov.1999)

23.    Explain price discrimination giving suitable examples. Describe the conditions necessary for price discrimination (PE-I.Nov.2000)

24.    What are the three types of price discrimination followed by monopoly firms? Discuss (CS Foundation.June.2004)

25.    “A competitive firm is not a price determinator, but an output adjustor”. Elucidate (CS Foundation.June.2000)