APTITUDE TEST : ACCOUNTS EXECUTIVE PROFILES
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This document summarizes a desktop assessment report for a training provider application. The report reviews the application submitted by KOTMA VIVEKANAND SHIKSHAN SAMITI KOTMA. While some of the information provided was found to be admissible, the inspection agency noted several issues. Documents like the PAN card and proof of annual turnover lacked proper documentation. The training provider was also deemed not ready based on the assessment.
This document discusses various journal entries related to share capital transactions of a company. It begins by explaining the preparation of cash book and journal entries for share issue expenses. It then provides problems and solutions involving journal entries for issue of shares payable in installments, oversubscription and undersubscription of shares, issue of different classes of shares, and treatment of fractional shares and calls in arrears. It also discusses the presentation of share capital in the company's balance sheet as per the Companies Act.
The document provides details about an accounting and business programme run by Afterscho☺ol Centre for social entrepreneurship. It includes journal entries for various accounting transactions such as admitting a new partner, revaluing assets, transferring reserves and calculating new capital balances. It also discusses topics such as preference shares, redemption of preference shares, and provides examples of journal entries for related transactions.
This document provides statistics on India's balance of payments for January-March 2013 and January-March 2014. It shows credits, debits, and net flows for the current account, capital account, and financial account. The current account deficit narrowed in January-March 2014 compared to the previous year. Foreign direct investment in India increased while direct investment abroad declined. Portfolio investment and other investment also contributed to the narrowing current account deficit. Overall, India's balance of payments showed a small net inflow in the first quarter of 2014 compared to a net outflow in the previous year.
The document provides an update on several Thai laws in 2018, including:
1. Amendments to the Labour Protection Act regarding retirement severance pay and employment service agreements.
2. Changes to the foreign employment administration, including simplified procedures for work permits and allowing certain foreigners to work without a permit.
3. Details on obtaining visas and work permits for skilled and unskilled employees of BOI companies.
4. An overview of the new Smart Visa program which provides benefits for qualified experts, executives, investors and entrepreneurs working in Thailand.
This document summarizes a desktop assessment report for a training provider application. The report reviews the application submitted by KOTMA VIVEKANAND SHIKSHAN SAMITI KOTMA. While some of the information provided was found to be admissible, the inspection agency noted several issues. Documents like the PAN card and proof of annual turnover lacked proper documentation. The training provider was also deemed not ready based on the assessment.
This document discusses various journal entries related to share capital transactions of a company. It begins by explaining the preparation of cash book and journal entries for share issue expenses. It then provides problems and solutions involving journal entries for issue of shares payable in installments, oversubscription and undersubscription of shares, issue of different classes of shares, and treatment of fractional shares and calls in arrears. It also discusses the presentation of share capital in the company's balance sheet as per the Companies Act.
The document provides details about an accounting and business programme run by Afterscho☺ol Centre for social entrepreneurship. It includes journal entries for various accounting transactions such as admitting a new partner, revaluing assets, transferring reserves and calculating new capital balances. It also discusses topics such as preference shares, redemption of preference shares, and provides examples of journal entries for related transactions.
This document provides statistics on India's balance of payments for January-March 2013 and January-March 2014. It shows credits, debits, and net flows for the current account, capital account, and financial account. The current account deficit narrowed in January-March 2014 compared to the previous year. Foreign direct investment in India increased while direct investment abroad declined. Portfolio investment and other investment also contributed to the narrowing current account deficit. Overall, India's balance of payments showed a small net inflow in the first quarter of 2014 compared to a net outflow in the previous year.
The document provides an update on several Thai laws in 2018, including:
1. Amendments to the Labour Protection Act regarding retirement severance pay and employment service agreements.
2. Changes to the foreign employment administration, including simplified procedures for work permits and allowing certain foreigners to work without a permit.
3. Details on obtaining visas and work permits for skilled and unskilled employees of BOI companies.
4. An overview of the new Smart Visa program which provides benefits for qualified experts, executives, investors and entrepreneurs working in Thailand.
The document discusses the accounting treatment for the issue of shares by a company. It covers issues such as shares issued for cash, shares issued at par value, premium or discount. It provides journal entries for recording the issue of shares at different stages - application, allotment and calls. It also discusses accounting for shares issued at a premium, with examples. Issue of shares at a discount is not allowed as per the Companies Act 2013 and is considered void.
The document discusses key concepts related to company audits under the Companies Act of 1956 in India. It covers the appointment and remuneration of auditors, qualifications of auditors, disqualifications of auditors, powers and duties of auditors, and the audit report. It also discusses special provisions for government-owned companies and the power of the central government to order special audits. Key points include:
- Auditors must be appointed at the annual general meeting and remuneration must be fixed.
- Only chartered accountants can serve as auditors.
- Auditors have rights to access company documents and attend general meetings.
- Duties include inquiring about loans and transactions
1. The document outlines a corporate law exam with 8 multi-part questions assessing knowledge of procedures under the Companies Act 1994 regarding shares and dividends of deceased shareholders, liability of companies for incorrect share transfers, procedures for declaring dividends in AGMs, director resignation and appointment processes, validity of shareholder-convened company meetings, positions that can be held according to corporate governance guidelines, statutory timelines and responsibilities for company financial reporting and AGMs, auditor responsibilities and reports for banks, and restrictions on business activities of financial institutions.
2. It provides a table outlining the statutory timelines and deadlines for various tasks involved in company financial reporting and the holding of an AGM and EGM, including preparation of
The case laws discussed multiple cases related to the tax treatment of certain business expenses. In one case, Price Waterhouse Coopers claimed a deduction in error but provided clarification in their tax audit report, so penalties for concealing income were overturned. In another case, Javed Akhtar partially claimed the cost of a new building elevator as a business expense. A third case allowed actor Salman Khan to deduct legal expenses from criminal proceedings as they impacted his ability to work.
The document outlines rules for accrediting external auditors and auditing firms to conduct verification of documents submitted by distribution utilities for compliance with the Energy Regulatory Commission. It establishes qualification requirements like experience and licensure. Applicants must submit documents including an application, resume, licenses and proof of experience. The rules aim to ensure a fair process and that accredited professionals are qualified to audit utility cost adjustments and charges.
This document is a project report submitted by a student named Vivek Shriram Mahajan to the University of Mumbai for their M.Com program. The report includes an introduction to auditing, the history of auditing, principles of auditing, types of audits, features of company accounts, objectives of a company audit, and a conclusion. It covers topics like the definition of auditing, principles like integrity and independence, types of audits, requirements for company financial statements, and the purpose of a company audit.
The document announces the annual meeting of shareholders of Circuit City Stores, Inc. to be held on June 15, 2004. The purposes of the meeting are to elect directors, approve employee stock and director stock plans, and ratify the appointment of auditors. Shareholders as of April 21, 2004 are entitled to vote. Shareholders are requested to promptly return proxies to vote on the agenda items.
The company wants to issue shares to advisors in recognition of technical services provided. There are three ways this can be done under Indian law: 1) employee stock options, 2) sweat equity shares, or 3) preferential allotment. Preferential allotment is the best option as it is not as restrictive as the other methods and can be used to issue shares to non-employees. For a preferential allotment, the company must get shareholder approval, determine share value by valuation, and comply with relevant laws on share issuance and foreign investment if any advisors reside overseas.
Schedule A (740) Kentucky Itemized Deductions - Form 42A740-Ataxman taxman
This document is a Schedule A form used for itemizing deductions on a Kentucky tax return. It summarizes various deductions that can be claimed including medical expenses, taxes, interest, contributions, casualty/theft losses, job expenses, and other miscellaneous deductions. The form provides lines to calculate the total itemized deductions amount. For married filers, there are additional sections to divide deductions between spouses and calculate limitations on itemized deductions based on adjusted gross income.
The document provides details about the Employees' Provident Fund (EPF) scheme in India including calculations, regular activities, forms used, and monthly/annual procedures. Key points include:
1) Employee contributes 12% of basic salary to PF while employer contributes 13.61% covering provident fund, pension, insurance, and administrative charges.
2) Important forms are used for joining (Form 2), withdrawal (Form 19), transfer (Form 13), and claiming benefits in case of death (Form 10D, 20, 5IF).
3) Monthly contributions and details of employees are submitted along with Form 12A and challans before the 15th and 25th respectively.
4)
This annual report summarizes the activities of Advani Hotels & Resorts (India) Limited for the fiscal year 2009-2010. It includes information such as the notice for the annual general meeting such as dates, locations, agenda items, and notes. It also provides details on the company's board of directors, auditors, managers, and other corporate information. Financial statements for the year including the balance sheet, profit and loss account, cash flow statement and accompanying notes are presented.
The document discusses two methods of computing business income - the direct method and indirect method.
The direct method involves directly computing income chargeable less allowable expenses. The indirect method involves adjusting net profit to add disallowed expenses and deduct allowed expenses and incomes not considered.
Several allowable and disallowed expenses are listed such as rent, depreciation, insurance, salaries, interest, taxes, penalties, personal expenses, capital expenses etc.
An example computation of business income using the indirect method is provided for a firm, showing the calculation of net profit as per accounts, adjustments for disallowed and allowed items, and arriving at income from business.
This material is for PGPSE / CSE students of AFTERSCHOOOL. PGPSE / CSE are free online programme - open for all - free for all - to promote entrepreneurship and social entrepreneurship PGPSE is for those who want to transform the world. It is different from MBA, BBA, CFA, CA,CS,ICWA and other traditional programmes. It is based on self certification and based on self learning and guidance by mentors. It is for those who want to be entrepreneurs and social changers. Let us work together. Our basic idea is that KNOWLEDGE IS FREE & AND SHARE IT WITH THE WORLD
The document appears to be advertising a multi-level marketing opportunity with Richa Trend Marketing. It promises various rewards and incomes including cash, electronics, vehicles, and foreign trips for recruiting new members. It outlines different joining packages priced between Rs. 1999 to Rs. 24,999 that provide business kits and other benefits. It also details income potential from bonuses and commissions from building a team.
This document provides an introductory lesson on fundamental accounting concepts for entrepreneurs and social entrepreneurship students. It discusses topics like business case analysis, calculating goodwill, partnership accounting, trial balance, and bank reconciliation. Examples and practice questions are provided throughout to help explain accounting principles and assumptions.
This document provides a 3-sentence introduction to fundamental accounting concepts for entrepreneurs and social entrepreneurship students. It discusses analyzing business cases to develop entrepreneurial skills, changing society and spreading knowledge. The document contains questions and answers on accounting topics to help students learn.
This document outlines an industry internship program between a company and an educational institution. It provides objectives of understanding various financial facilities and loan assessment procedures. It then describes various fund and non-fund based loan facilities available from banks such as cash credit, overdraft, letter of credit, and bank guarantees. It also explains the process for sanctioning, disbursing and recovering loans including initial scrutiny of loan applications and pre-sanction activities like valuation and credit monitoring arrangements.
Tally Prime Course Account and Intro.pdfAnusha Lathi
1. The document provides a step-by-step training guide for using Tally Prime accounting software with GST and payroll functionality. It covers topics such as basic accounting concepts, creating companies and ledgers in Tally, entering transactions using different voucher types, inventory management, GST features, and payroll.
2. The guide begins with fundamental accounting concepts and then demonstrates how to install and set up Tally Prime for educational use. It provides instructions for creating accounts, groups, ledgers and entering opening balances.
3. Transactions can be entered in Tally using various voucher types such as payment, receipt, purchase, sales and journal. The document includes examples of entries for starting a business, bank transactions,
This document is an application form for DBBL's Deposit Plus Scheme (DPS). It collects applicant details like name, address, nominee details. It allows the applicant to choose a monthly installment between BDT 500-5,000 for a tenure of 3, 5, 8 or 10 years. The bank will pay the principal plus interest on maturity. Key terms include a BDT 100 fee for premature closure within 6 months, otherwise prevailing interest rates apply. The applicant agrees to the terms and conditions overleaf regarding taxation, inactive accounts, and the bank's right to amend terms.
1. The document discusses Tally, which is accounting software used to enter and display all types of business transactions. It allows viewing trial balances, trading accounts, profit and loss statements, and balance sheets.
2. Tally was developed in 1986 and the oldest version was Tally 4.5 while the latest is Tally ERP 9. It discusses the different types of accounts in Tally like personal, impersonal, real, and nominal accounts.
3. The document provides examples of journal entries for different business transactions like purchase, sales, payments, receipts, and interest calculation. It also explains concepts like trade discount, cash payment, and cash discount and provides problems/questions related to these accounting concepts
The document discusses the accounting treatment for the issue of shares by a company. It covers issues such as shares issued for cash, shares issued at par value, premium or discount. It provides journal entries for recording the issue of shares at different stages - application, allotment and calls. It also discusses accounting for shares issued at a premium, with examples. Issue of shares at a discount is not allowed as per the Companies Act 2013 and is considered void.
The document discusses key concepts related to company audits under the Companies Act of 1956 in India. It covers the appointment and remuneration of auditors, qualifications of auditors, disqualifications of auditors, powers and duties of auditors, and the audit report. It also discusses special provisions for government-owned companies and the power of the central government to order special audits. Key points include:
- Auditors must be appointed at the annual general meeting and remuneration must be fixed.
- Only chartered accountants can serve as auditors.
- Auditors have rights to access company documents and attend general meetings.
- Duties include inquiring about loans and transactions
1. The document outlines a corporate law exam with 8 multi-part questions assessing knowledge of procedures under the Companies Act 1994 regarding shares and dividends of deceased shareholders, liability of companies for incorrect share transfers, procedures for declaring dividends in AGMs, director resignation and appointment processes, validity of shareholder-convened company meetings, positions that can be held according to corporate governance guidelines, statutory timelines and responsibilities for company financial reporting and AGMs, auditor responsibilities and reports for banks, and restrictions on business activities of financial institutions.
2. It provides a table outlining the statutory timelines and deadlines for various tasks involved in company financial reporting and the holding of an AGM and EGM, including preparation of
The case laws discussed multiple cases related to the tax treatment of certain business expenses. In one case, Price Waterhouse Coopers claimed a deduction in error but provided clarification in their tax audit report, so penalties for concealing income were overturned. In another case, Javed Akhtar partially claimed the cost of a new building elevator as a business expense. A third case allowed actor Salman Khan to deduct legal expenses from criminal proceedings as they impacted his ability to work.
The document outlines rules for accrediting external auditors and auditing firms to conduct verification of documents submitted by distribution utilities for compliance with the Energy Regulatory Commission. It establishes qualification requirements like experience and licensure. Applicants must submit documents including an application, resume, licenses and proof of experience. The rules aim to ensure a fair process and that accredited professionals are qualified to audit utility cost adjustments and charges.
This document is a project report submitted by a student named Vivek Shriram Mahajan to the University of Mumbai for their M.Com program. The report includes an introduction to auditing, the history of auditing, principles of auditing, types of audits, features of company accounts, objectives of a company audit, and a conclusion. It covers topics like the definition of auditing, principles like integrity and independence, types of audits, requirements for company financial statements, and the purpose of a company audit.
The document announces the annual meeting of shareholders of Circuit City Stores, Inc. to be held on June 15, 2004. The purposes of the meeting are to elect directors, approve employee stock and director stock plans, and ratify the appointment of auditors. Shareholders as of April 21, 2004 are entitled to vote. Shareholders are requested to promptly return proxies to vote on the agenda items.
The company wants to issue shares to advisors in recognition of technical services provided. There are three ways this can be done under Indian law: 1) employee stock options, 2) sweat equity shares, or 3) preferential allotment. Preferential allotment is the best option as it is not as restrictive as the other methods and can be used to issue shares to non-employees. For a preferential allotment, the company must get shareholder approval, determine share value by valuation, and comply with relevant laws on share issuance and foreign investment if any advisors reside overseas.
Schedule A (740) Kentucky Itemized Deductions - Form 42A740-Ataxman taxman
This document is a Schedule A form used for itemizing deductions on a Kentucky tax return. It summarizes various deductions that can be claimed including medical expenses, taxes, interest, contributions, casualty/theft losses, job expenses, and other miscellaneous deductions. The form provides lines to calculate the total itemized deductions amount. For married filers, there are additional sections to divide deductions between spouses and calculate limitations on itemized deductions based on adjusted gross income.
The document provides details about the Employees' Provident Fund (EPF) scheme in India including calculations, regular activities, forms used, and monthly/annual procedures. Key points include:
1) Employee contributes 12% of basic salary to PF while employer contributes 13.61% covering provident fund, pension, insurance, and administrative charges.
2) Important forms are used for joining (Form 2), withdrawal (Form 19), transfer (Form 13), and claiming benefits in case of death (Form 10D, 20, 5IF).
3) Monthly contributions and details of employees are submitted along with Form 12A and challans before the 15th and 25th respectively.
4)
This annual report summarizes the activities of Advani Hotels & Resorts (India) Limited for the fiscal year 2009-2010. It includes information such as the notice for the annual general meeting such as dates, locations, agenda items, and notes. It also provides details on the company's board of directors, auditors, managers, and other corporate information. Financial statements for the year including the balance sheet, profit and loss account, cash flow statement and accompanying notes are presented.
The document discusses two methods of computing business income - the direct method and indirect method.
The direct method involves directly computing income chargeable less allowable expenses. The indirect method involves adjusting net profit to add disallowed expenses and deduct allowed expenses and incomes not considered.
Several allowable and disallowed expenses are listed such as rent, depreciation, insurance, salaries, interest, taxes, penalties, personal expenses, capital expenses etc.
An example computation of business income using the indirect method is provided for a firm, showing the calculation of net profit as per accounts, adjustments for disallowed and allowed items, and arriving at income from business.
This material is for PGPSE / CSE students of AFTERSCHOOOL. PGPSE / CSE are free online programme - open for all - free for all - to promote entrepreneurship and social entrepreneurship PGPSE is for those who want to transform the world. It is different from MBA, BBA, CFA, CA,CS,ICWA and other traditional programmes. It is based on self certification and based on self learning and guidance by mentors. It is for those who want to be entrepreneurs and social changers. Let us work together. Our basic idea is that KNOWLEDGE IS FREE & AND SHARE IT WITH THE WORLD
The document appears to be advertising a multi-level marketing opportunity with Richa Trend Marketing. It promises various rewards and incomes including cash, electronics, vehicles, and foreign trips for recruiting new members. It outlines different joining packages priced between Rs. 1999 to Rs. 24,999 that provide business kits and other benefits. It also details income potential from bonuses and commissions from building a team.
This document provides an introductory lesson on fundamental accounting concepts for entrepreneurs and social entrepreneurship students. It discusses topics like business case analysis, calculating goodwill, partnership accounting, trial balance, and bank reconciliation. Examples and practice questions are provided throughout to help explain accounting principles and assumptions.
This document provides a 3-sentence introduction to fundamental accounting concepts for entrepreneurs and social entrepreneurship students. It discusses analyzing business cases to develop entrepreneurial skills, changing society and spreading knowledge. The document contains questions and answers on accounting topics to help students learn.
This document outlines an industry internship program between a company and an educational institution. It provides objectives of understanding various financial facilities and loan assessment procedures. It then describes various fund and non-fund based loan facilities available from banks such as cash credit, overdraft, letter of credit, and bank guarantees. It also explains the process for sanctioning, disbursing and recovering loans including initial scrutiny of loan applications and pre-sanction activities like valuation and credit monitoring arrangements.
Tally Prime Course Account and Intro.pdfAnusha Lathi
1. The document provides a step-by-step training guide for using Tally Prime accounting software with GST and payroll functionality. It covers topics such as basic accounting concepts, creating companies and ledgers in Tally, entering transactions using different voucher types, inventory management, GST features, and payroll.
2. The guide begins with fundamental accounting concepts and then demonstrates how to install and set up Tally Prime for educational use. It provides instructions for creating accounts, groups, ledgers and entering opening balances.
3. Transactions can be entered in Tally using various voucher types such as payment, receipt, purchase, sales and journal. The document includes examples of entries for starting a business, bank transactions,
This document is an application form for DBBL's Deposit Plus Scheme (DPS). It collects applicant details like name, address, nominee details. It allows the applicant to choose a monthly installment between BDT 500-5,000 for a tenure of 3, 5, 8 or 10 years. The bank will pay the principal plus interest on maturity. Key terms include a BDT 100 fee for premature closure within 6 months, otherwise prevailing interest rates apply. The applicant agrees to the terms and conditions overleaf regarding taxation, inactive accounts, and the bank's right to amend terms.
1. The document discusses Tally, which is accounting software used to enter and display all types of business transactions. It allows viewing trial balances, trading accounts, profit and loss statements, and balance sheets.
2. Tally was developed in 1986 and the oldest version was Tally 4.5 while the latest is Tally ERP 9. It discusses the different types of accounts in Tally like personal, impersonal, real, and nominal accounts.
3. The document provides examples of journal entries for different business transactions like purchase, sales, payments, receipts, and interest calculation. It also explains concepts like trade discount, cash payment, and cash discount and provides problems/questions related to these accounting concepts
The document promotes a multi-level marketing opportunity with Richa Trend Marketing. It outlines various package levels to join starting at Rs. 1999 up to Rs. 24,999. Higher package levels provide additional benefits and compensation. The business model relies on recruiting others and earning commissions from their sales and the sales of those they recruit. The document claims one can earn rewards such as electronics, foreign trips, and cars through the binary compensation plan by building two teams.
The document promotes a multi-level marketing opportunity with Richa Trend Marketing. It outlines various package levels to join starting at Rs. 1999 up to Rs. 24,999. Higher package levels provide additional benefits and compensation. The business model relies on recruiting others and earning commissions from their sales and the sales of those they recruit. The document claims one can earn rewards such as electronics, foreign trips, and cars through the binary compensation plan by building two teams.
The document promotes a multi-level marketing opportunity with Richa Trend Marketing. It outlines various package levels to join starting at Rs. 1999 up to Rs. 24,999. Higher package levels provide additional benefits and compensation. The business model relies on recruiting others and earning commissions from their sales and the sales of those they recruit. The document claims one can earn rewards such as electronics, foreign trips, and cars through the binary compensation plan by building two teams.
The document promotes a multi-level marketing opportunity called Richa Trend Marketing. It outlines various membership packages costing between Rs. 1999 to Rs. 24,999 that provide different bonuses and perks. Members can earn income from recruiting other members into their team and receiving commissions from product sales within their team. Higher membership levels provide greater earning potential through higher payouts on team sizes and sales. The opportunity promises rewards for members such as electronics, trips, cars, and cash through achieving different team building milestones.
SMU_MBA-Solved-Assignment-Mb0041 financial and management accounting spring20...pkharb
This document provides details of an assignment for a Financial and Management Accounting subject in an MBA program. It includes 5 questions related to analyzing transactions under the traditional accounting approach, journal entries for errors detected in a trial balance, preparing an adjusted trial balance, analyzing trend ratios for Infosys Technologies Ltd over 5 years, and explaining cash flow analysis and the preparation of a cash flow statement.
The document contains terms and conditions for Rural Bank accounts and payment products, including cheques, automatic payments, internet and phone banking. It applies to the Rural Bank Seasonal Account and Rural Bank AgriManager Account. The terms consist of this document and the Rural Bank Schedule of Fees and Charges booklet. Additional terms may also apply if a credit facility is attached to the accounts. Customers should read all documents carefully before opening an account.
The Customer is King Inc. is proposing a business plan to provide point-of-sale (POS) systems and tablet menus to restaurants to help increase customer satisfaction and restaurant revenues. The management team consists of a project manager, chief financial officer, human resources/operations manager, and marketing manager. The plan details the product concept, industry analysis, marketing strategy, operations plan, and five-year financial projections, seeking $8 million in investments.
This document provides information about a CPT June 2016 question paper compiled by Vidya Sagar Institute in Jaipur, India based on student recollections. It includes a disclaimer that the institute is not responsible for any errors in the paper as student recollections may be inaccurate or incomplete. It also provides contact information for the institute for admissions inquiries into various CA and CS courses. The document advertises an upcoming registration deadline of June 27th, 2016 for IPCC exams in May 2017 with a registration fee of Rs. 10,000 that is refundable if the student fails CPT.
The document provides details about an accounting for business program by Afterscho☺ol Centre for Social Entrepreneurship. It includes instructions for participants to prepare trading and profit and loss accounts based on transaction details provided for a business owner named Goti for the year ended 31 March 2007. It also provides an additional information and asks participants to prepare a balance sheet as on that date.
This material is a part of our PGPSE programe. Our programme is available for any student after class 12th / graduation. AFTERSCHO☺OL conducts PGPSE, which is available free to all online students. There are no charges. PGPSE is a very rigorous programme, designed to give a comprehensive training in social entrepreneurship / spiritual entrepreneurship. This programme is aimed at those persons, who want to ultimately set up their own business enterprises which can benefit society substantially. PGPSE is a unique programme, as it combines industry consultancy, business solutions and case studies in addition to spirituality and social concerns. You can read the details at www.afterschoool.tk or at www.afterschool.tk
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Aptitude Test : Accounts Executives 2018
1. Banking, Financial & HR Services
ACCOUNT- AGE INFOTECH
ISO 9001:2008 Certified Company
Training ★ Placement ★ Recruitment ★ Consulting
Rashtriya Udhyog Rattan Award Winner
Corporate office: 6 Tapovan Marg , Raipur Road Dehradun (Uttarakhand) 248001
Mob : 09897492289, Email : hrpeopledelhi@gmail.com
PRE-PLACEMENT APTITUDE TEST : PAT-2016
TEST PAPER : FINANCE & ACCOUNTS
Name of the Total Marks
Candidate …………………………………………………………… Marks Obtained
100
Educational Q- 1/20
Qualification
Professional Q- 2/20
Qualification
Address for Q- 3/20
Correspondence
Phone Number Q- 4/20
Mobile No
Phone Number Q- 5/20
Mobile No.
Freshers/ TOTAL
Experience
FOR OFFICE USE
Applicant /Selected / Rejected .
REMARKS
DATED ……………………….. SIGNATURE OF CANDIDATE
2. ACCOUNT- AGE INFOTECH
ISO 9001:2008 Certified Company
Training ★ Placement ★ Recruitment ★ Consulting
TEST PAPER : FINANCE & ACCOUNTS
Duration: 2 Hrs
Total Marks : 100
1-Attempt all 5 questions. Question Sr no 1 - 3 (Theoretical ) 2-
Question No 4 & 5 is compulsory in Tally ERP- 9 (Practical)
3- Do write the Answers in the blank space given in each question (Sr 1-3 only)
Question 1: Pass the necessary journal Entries of the following transactions
Marks: 20
F… Dr……………………………Group…………………. -Deposited into S.B.I A/c 800
Cr……………………………Group………………….
F… Dr……………………………Group…………………. FDR issued by the Bank 500
Cr……………………………Group…………………. against SBI Ch:237987
F… Dr……………………………Group…………………. -Received Cash from 790
Cr……………………………Group…………………. Ashok kumar Against Bill
F… Dr……………………………Group………………….
No:98 10
Cr……………………………Group…………………. -Discount allowed to A
F… Dr……………………………Group…………………. -Purchased Furniture for 750
Cr……………………………Group…………………. cash from M/s Bharat
Furniture Bill -9860
F… Dr……………………………Group…………………. -Paid to B by 745
Cr……………………………Group…………………. SBI Ch:297003
F… Dr……………………………Group…………………. -Received discount 5
Cr……………………………Group………………….
F… Dr……………………………Group………………… -Received from C by Draft 500
Cr……………………………Group……………….. and deposited into SBI a/c
F… Dr……………………………Group…………………. -Credit Sales to M/s Harish 785
Cr……………………………Group…………………. & Co. against bill no 12
F…
Dr……………………………Group…………………. -Cash Deposited into Car
1,900
Cr……………………………Group…………………. Loan a/c
F… Dr……………………………Group…………………. -Purchased a Maruti Car 6,140
Cr……………………………Group…………………. from Maruti Udhyog by SBI
cheque No:297004
F… Dr……………………………Group…………………. -Paid SBI Ch: 297005 647
Cr……………………………Group…………………. to D against Bill no 675
3. F… Dr……………………………Group…………………. Discount Received 10
Cr……………………………Group………………….
F…
Dr……………………………Group…………………. Withdraw Cash From the
375
Cr……………………………Group…………………. PNB A/C for Personal Use
F… Dr……………………………Group…………………. Withdrew from SBI-CA298 250
Cr……………………………Group…………………. for office use against Ch
no:297006
F… Dr……………………………Group…………………. Purchased Laptop for 350
Cr……………………………Group…………………. Credit from M/s Dabar & co
F… Dr……………………………Group…………………. Paid Salary to Mr Harish 450
Cr……………………………Group…………………. through SBI CA-298
F… Dr……………………………Group…………………. Discounted a Cheque of Mr 4000
Cr……………………………Group…………………. Dinesh Kumar @ Rs 10/-
Dr……………………………Group…………………. per thousand and
Deposited into PNB A/c
F… Dr……………………………Group…………………. Received from Amar Singh 50
Cr……………………………Group…………………. a Cheque of Rs 1250/-
deposited in PNB,
Dr……………………………Group…………………. But next day return by the
Cr……………………………Group…………………. PNB due to the reason
“Refer to Drawer”
F… Dr……………………………Group…………………. Received a PNB Cheque 2000
Cr……………………………Group…………………. from Sohan Lal & Endosed
in favour of Mohan Lal
F… Dr……………………………Group…………………. Paid a cheque to Ram Saran 1575
Cr……………………………Group…………………. for cash purchase of
Furniture for office use.
Question : 2
Please Tick Mark the Correct answer ( True /False) Marks: 20
- Return Inward a/c –Dr True /False - Party a/c –Dr True /False
To Purchase a/c To Purchase a/c
-Party a/c –Dr True /False - Bank a/c –Dr True /False
To Return Outward a/c To Sales a/c
- Party a/c –Dr True /False - Cash a/c –Dr True /False
To Bank a/c To Dividand a/c
-Purchase a/c-Dr True /False -Mahesh a/c-Dr True /False
To Return Outward To Credit Sales
To Supplier a/c To Return Inward
-Mahesh a/c-Dr True /False -SBI A/c –Dr True /False
To Credit Sales -Bank Charges-Dr
To Return Inward To Mahesh
-Dinesh A/c –Dr True /False -SBI A/c –Dr True /False
-Bank Charges-Dr - To FDR
To PNB -To Interest a/c
-Drawing a/c-Dr True /False - PNB A/c –Dr True /False
To SBI A/C - To Car
-To Interest a/c
4. -Car Loan a/c True /False -Fixed Deposit –Dr True /False
To Cash Credit A/c To Car Loan a/c
Fixed Assets –Dr True /False -Car Loan –Dr True /False
To Depreciation a/c To FDR a/c
Divicend Recd a/c –Dr True /False FDR A/C –Cr True /False
To Bank a/c To Interest
To PNB A/C
Loss of Assets –Dr True /False Loss of Cash due True /False
To Capital a/c to Theft a/c –Dr
To Bank a/c
Sales of Assets –Dr True /False Purchase a/c –Dr True /False
To PNB A/c To Vat out put a/c
To Mahesh a/c
Car a/c-Dr True /False Purchase A/c-Dr True /False
To Depreciation a/c To Return Inward
To Cash
Life Insurance Policy a/c-Dr True /False Manish a/c –Dr True /False
To PNB A/c To Purchase a/c
Life Insurance Policy a/c-Dr True /False Manish a/c –Dr True /False
To PNB A/c To Purchase a/c
Prepaid a/c –Dr True /False Cash Credit –Dr True /False
To Rent A/c To Saving a/c
Saving Bank A/C-Dr True /False Rent A/c –Dr True /False
To Current a/c To outstanding
Rent A/c
Saving Bank A/C-Dr True /False Rent A/c –Dr True /False
To CASH a/c To Fixed Deposit
Cash A/C-Dr True /False Fixed Deposit –Dr True /False
To Salary a/c Cash Credit a/c
Pre-Paid Salary a/c-Dr True /False Rent a/c –Dr True /False
To Salary A/C To Pre-paid A/c
Question : 3 Fill in the blanks Marks: 10
Part –A
1-Out Standing Wages appears in the …………………………………………………………………………
2-Patent & Trade Marks are ……………………………………………………………………………………..
3-Pre-Paid Salary comes in the ………………………………………………………………………………..
4-Return Inwards debited to ……………………………………………………………………………………
5-Return outward debited to ……………………………………………………………………………………
6-Fixed Deposit Receipts a/c comes under the head ……………………………………………………..
7-Interest on FDR comes in the ………………………………………………………………………………
8-Interest on Over Draft comes in the ………………………………………………………………………
9-Cash in Hand is……………………………………………………………………………………………….
10-Bank Over draft is…………………………………………………………………………………………..
5. Part –B
Write down the 10 Adjustment Entries for the following Marks: 10
1-Discount paid to Debtors a/c
Dr ………………………………………………Cr……………………………………………..
2-Discount Received from Creditors a/c
Dr ………………………………………………Cr……………………………………………..
3-Pre-Paid Expenses a/c
Dr ………………………………………………Cr……………………………………………..
4-Out standing Expenses a/c
Dr ………………………………………………Cr……………………………………………..
5-Interest received on Saving Bank a/c
Dr ………………………………………………Cr………………………………………………
6-Interest Received on FDR A/C + Interest on FDR
Dr ……………………………Cr…………………………………Cr……………………………..
7-Interest on Additional Capital a/c
Dr ………………………………………………Cr………………………………………..
8-Interest on Bank OD a/c
Dr ………………………………………………Cr………………………………………..
9-Depreciation on Furniture a/c
Dr ………………………………………………Cr………………………………………..
10-Loss of cash of Mr Sahni (Accountant) in the office due to Theft
Dr ………………………………………………Cr………………………………………..
6. Question : 4 Marks: 10
PRACTICAL (1)
Calculate the VAT –Value Added Tax
(Through TALLY ERP 9)
Name of item Under Rate per litre
Opening balance of
Refined Ghee - 4% 5 Kg @50/-
Mustard oil 12.5% 5 Kg @80/-
PURCHASE FROM ABC & CO
Refined Ghee - 4% 10 KG @50/-
Mustard oil 12.5% 10 KG @80/-
SALE TO KBC & CO
Refined Ghee - 4% 12 KG @55/-
Mustard oil 12.5% 14 KG @85/-
AT DISCOUNT OF 2 % ( ANSWER VAT PAYABLE : Rs 51.65)
PRACTICAL (2)
Calculate the TDS -Tax Deducted at Source
(Through TALLY ERP 9)
Marks: 5
Gupta Associates a Chartered Accountant Firm took a Audit Work in the
Financial Year 2010-11 of an Manufacturing company named M/S Birla Cement
Ltd –Delhi As per details as below
Professional Service Charges Rs 25,000/- (Pan card holder)
I.Tax @ 10% 2,500/-
Surcharge @ 0% Nil/-
Edu.cess @ 0% Nil/-
Sec Higher Edu Cess @ 0% Nil/-
--------------------------
Net TDS 2500/-
7. PRACTICAL (3)
Calculate the Service Tax
(Through TALLY ERP 9)
Marks: 5
M/s Johra Tour & Travels Delhi, raised an Invoice No 6754 of Rs 20,000/-as
Ticketing charges from Delhi to Pune from Mr Gagandeep singh Ranotra as
service charges as per chart below as Rs 2060/- ( Total Rs 22060/-) for his
ticket booking from Delhi to Pune.
Tour & Travel Services charges : 20,000/-
Service Tax @ 10% 2000/-
Edu.Cess @2% 40/-
Higher Edu. Cess @1% 20/-
Total amount : 22060/-
Question : 5
Marks: 20
From the following balances, and the under mentioned particulars you are required
to make out a Trading and Profit and Loss Account for the year ended 31st
March,
2011 and a Balance Sheet as on date.
Rs. Rs.
Trade Creditors 35,780 Discount Received 5,800
Bills Payable 18,700 Bills Receivable 5,360
Law Charges 420 Purchases 1,17,200
General Expenses 7,580 Stock (1.4.2010) 63,900
PNB Saving Bank-a/c 18,980 Trade Debtors 63,220
Capital Account Carriage Inwards 3,580
A-Ramesh Kumar 1,00,000
8. B-Mahesh Kumar 69,200
Lease hold premises 40,000 Returns Inwards 28,600
Housing Loan a/c 40,000 Salaries 15,700
Returns Outwards 16,200 Sales 1,98,400
Interest on Saving 2,200 FDR 2,600
Bank a/c
Cash in hand 400 Rent 11,200
Discount allowed 8,600 Plant and Machinery 59,000
Wages 39,940 Lap Top 30,000
(Manufacturing)
Bank Over Draft 30,000 Commission 1500
Received
Travelling allowance 500 Printing & Stationery 1000
Mr Sahil Loan (Dr ) 2000 Security received 2000
(against Rented
house)
Carriage on Sales 500 Rent Received 500
Scooter Expenses 2600 Car Loan a/c 2600
The following additional information is available,Kindly made the
following adjustment Entries as on 31-3-2011
1-Bad Debts estimated at Rs. 2,910; & Discount on debtors @
3% 2-Discount on creditors 2%;
3-Interest on Housing loan Rs. 1,600;
4-depreciation on plant and machinery 10%;
5-Allow interest on Capital of Mr Ramesh Kumar @ 5%
P.A. 6-Rs. 150 is due for wages , Paid Rent in Advance Rs
50/-7- Interest Rs. 210 is to be received on Fixed
deposits(FD) 8- Interest on Bank Overdraft Rs. 300 is to
be paid. 9-Commission Received in advance Rs 100
10-Salary of Rs. 2,000 paid to Mr. Sahil, wrongly debited to his personal a/c
11- Scooter is used for business as well as for private purposes equally
12-Stock in hand at 31st
March, 2011 was Rs. 93,840
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