PAPER – 1 : ADVANCED ACCOUNTING Answer all questions. Working notes should form part of the answer. Question 1 The following information has been extracted from the Books of ‘X’ Limited group (as at 31 st December‚ 2006): X Ltd. Rs. Share capital (Fully paid equity shares of Rs.10 each) Profit and Loss Account Dividend received: From Y Ltd. in 2005 From Y Ltd. in 2006 From Z Ltd. in 2006 Current Liabilities 40‚000 11‚70‚000 60‚000 60‚000 36‚000 Y Ltd. Rs. Z Ltd. Rs. Fixed Assets Less Depreciation
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AC505 Practice Quiz #2 Student: ____________________________________________________________ _______________ 1. Return on investment (ROI) can be decomposed into the asset turnover and the A. gross margin ratio. B. profit margin ratio. C. operating margin ratio. D. contribution margin ratio. 2. How will decreases in the following items affect return on investment (ROI)? A. a B. b C. c D. d 3. The CJP Company produces 10‚000 units of item S10 annually at a total cost
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allocation transaction that does not involve an external party (all the other transactions involve an external party) both accounts receivable (asset)‚ and Service revenue (equity) increase here There is no cash involved in this transaction accrual accounting recognizes revenue when earned and expenses when incurred in earning that revenue (irrespective of when cash is received or paid) adjustments are usually involve prepayments or accruals. If expense is recognized when cash is paid‚ there is no need
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U.N.R.W.A Date: 8th Nov. 2012 Department of Education Time: Name:…………………… Midterm English language test Grade: 9th Reading Around the world‚ people also found natural ways to shelter from the weather. In cold regions‚ traditional houses were often low with thick walls and small windows that faced away from the direction of storms. In the hot rainforests of South-East Asia‚ people built their homes above the ground and high on hills to catch every cool wind. In the hot
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DOWNLOAD HERE HOSP 585 Week 4 Midterm Exam 1. (TCO A) Which of the following is not a common promotion used in the lodging industry? 2. (TCO A) Which department offers the highest profit margins? 3. (TCO A) Critical to the successful executive chef’s skill set is the ability to ______ 4. (TCO A) The progress of the reservations received against the number blocked out is called the: 5. (TCO B) RevPAR is a product of 6. (TCO B) A daily analysis report generated by the reservations
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Chapter 1 Managerial Accounting: Tools for Decision Making Discussion QUESTIONS Q1-1. Financial accounting is oriented toward external users and is concerned with general-purpose financial statements. These financial accounting statements are highly aggregated‚ report on relatively long time periods‚ are oriented toward the past‚ and must conform to external standards. These standards emphasize the use of objective data. Management accounting is oriented toward internal users and is
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Accounting (Managerial) 530 Portfolio Case Study Imagine you are applying to become a trainee in a management consulting company‚ Solutions Inc.‚ which claims to deliver innovative solutions. They are looking for innovative employees who engage with their work. The selection process will be rigorous. You know you will be asked to submit reports based on questions regarding your knowledge of management accounting practice and strategic management accounting. To provide a context for the reports
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2/c Tyler Hames Managerial Accounting Case: A4-61 PROBLEM STATEMENT: Axis Systems specializes in servers for work-group‚ e-commerce and ERP applications. The company’s original job costing system has two direct cost categories: direct materials and direct labor. Overhead is allocated to jobs at the single rate of $22 per direct labor hour. The CFO recently spear headed the allocation issue of jobs and came up with an ABC system to compare to the traditional accounting system. Axis System has
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Maritime Greenwich Business Accounting & Finance ACCO1116 Financial & Management Accounting (MAIB) M TWO HOURS August 2008 Course co-ordinator: Dr Agnieszka Herdan INSTRUCTIONS TO CANDIDATES Answer TWO questions only. All questions carry equal marks. This is a CLOSED book examination Students are permitted to use non-programmable calculators. THIS PAPER MUST NOT BE REMOVED FROM THE EXAMINATION ROOM August 2008 - RESIT Course Title Financial & Management Accounting (MAIB) Course Code ACCO1116
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CLICK TO DOWNLOAD MGMT 520 Week 5 Midterm Exam 1. (TCO I) Marianne Jennings wrote an article‚ “Why an International Code of Ethics would be good‚” which was assigned to be read at the beginning of the course. As you have worked throughout this session‚ you should have considered this article and how it may or may not have impacted different situations in the world economic/business/legal/political environments.....…Great Depression 2. (TCO A) Use the fact pattern you received in the above Marianne
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