CBSE IX | MATHEMATICS Sample Paper – 1 Solution CBSE Class IX Mathematics Term II Sample Paper - 1 Solution (SECTION – A) 1. Correct Answer: C Graph of equation x = k is parallel to the y-axis. 2. Correct Answer: B As this data will be available through some agency only and will not be collected by the student himself‚ it is known as secondary data. 3. Correct Answer: A The positive solutions of the equation ax + by + c = 0 always lie in the 1 st quadrant. 4. Correct Answer: C Perpendicular from
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Chapter 1 Exercises Answers 1) What are the key roles of a financial centre and to what extent is London a different Financial centre than New York? The key roles of a financial centre are to: 1) recycle funds from surplus agents to deficit agents 2) provide a range of financial services and securities to satisfy the needs of both deficit and surplus agents‚ households‚ companies and governments 3) ensure that funds flows from surplus to deficit countries The key difference between London and New
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Review of Accounting Fundamentals The Accounting Equation Assets = Liabilities + Equity Equity = Contributed Capital + Retained Earnings Retained Earnings = Beginning Retained Earnings + Net Income for the Period – Dividends Net Income = Revenues – Expenses + Gains – Losses Assets ( Probable future economic benefits obtained or controlled by a particular accounting entity as a result of past transactions or events Liabilities ( Probably future sacrifices of economic benefits
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FINANCIAL STATEMENTS The income statement reflects conditions over a period of time (say Q1 2013)‚ while the Balance sheet reflects the state of the business at a specific point in time (say‚ at end of Q1 2013) Equity is what the owners/stakeholders of the company really have‚ of value. Equity = Assets - Liabilities Asset: Anything that will give me value in the future Liability: Anything that I have to give value to Equity at point 2 - Equity at point 1 = Net income in period 1-2
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EASY 1. Which of the following is an appropriate combination of a biological asset and its agricultural produce? Biological assets Agricultural produce A. Sheep Yarn B. Trees in plantation forest Logs C. Dairy cattle Butter D. Pigs Carcass 2. Apportionment of the purchase price in a lump sum acquisition of different assets is based on all of these‚ except A. Book values of the assets to the seller B. Relative market values C. Tax assessment values D.
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Financial Accounting and Reporting Case: America Online 1. What accounting approach has AOL used in the past that it is now changing (related to the $385 million)? AOL‚ prior to October 1‚ 1996‚ recorded the expenditure related to subscribers acquisitions as an asset and amortized monthly over a period < 24 months. This was a strongly criticized approach. Furthermore‚ the accounting approach in the article is considered aggressive. In October 1996‚ they discontinued capitalizing customer acquisition
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Financial accounting is the only branch of accounting and it is not perfect. There are large numbers of limitations which open new way to use other tools of accounting. To know what are the main limitations of financial accounting. It is very necessary for accountants. Accountants are often blind to these limitations. So‚ I am covering its limitation a lot of ground. Read below and understand:- Net effect of transactions are recorded in financial accounting which has happened in past. These
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Question 5 “Financial accounting is compulsory for companies. Therefore it must be the only type of accounting that managers need.” You are required to: Discuss the above statement and provide examples to support your points of view. (25 marks) Financial accounting is the field of accountancy concerned with the preparation of financial statements for decision makers‚ such as stockholders‚ suppliers‚ owners and other stakeholders. The fundamental need for financial accounting is to reduce
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Question # 1 End 45 44 43 42 41 40 39 38 37 36 35 34 33 32 31 30 29 28 27 26 25 24 23 22 21 20 19 18 17 16 15 14 13 12 11 10 9 8 7 6 5 4 3 2 1 Transaction costs that are directly attributable to the “issuance of new shares” should be: a. Expensed immediately b. Charged to retained earnings c. Deducted from equity d. Deducted from equity‚ net of related income tax benefit ANSWER D Deducted from equity‚ net of related income tax benefit Question # 2 End 45 44 43 42 41 40 39 38 37
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Managerial and Financial Accounting Report FIN540 Accounting for Managerial Decision Making Abstract Financial accounting develops account information that is used by external parties such as stockholders‚ suppliers‚ banks‚ and government regulatory agencies in their decision-making. Management accounting develops confidential accounting information that is used by managers within an organization. Management accounting is a complex process of identifying‚ accumulating and analyzing information
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