CHAPTER 11: MANAGEMENT OF WORKING CAPITAL Question No.1 – November 2016 Following information relates to ABC company for the year2016: (i)     Projected sales                                                                                                (in lakhs) Month August September October November December Sale 35 40 40 45 46   (ii)      Gross profit margin will be 20% on sale. (iii)         10% of projected sale will be cash sale. Out of credit sale of each month, 50% will be collected in the next month and the balance will  be collected during the second month following the month of sale. (iv)         Creditors will be paid in the first month following credit purchase. There will be credit purchase       only. (v)          Wages and salaries will be paid on the first day of the next month. The amount will be ₹ 3 lakhs each month. (vi)         Interim dividend of ₹ 2 lakhs will be paid in December 2016. (vii) Machinery costing ₹ 10 lakhs will be purchased in September  2016. Repayment by instalment of ₹ 50,000 p.m. will start from October 2016 (viii) Administrative expenses of ₹ 1,00,000 per month will be paid in  the month  of their incurrence. (ix) Assume no minimum cash balance is required.  Opening cash balance as on 01.10.2016 is estimated at ₹ 10 lakhs You are required to prepare the monthly cash budget for the 3 month period (October 2016 to December 2016). A trade whose current sales are ₹ 4,20,000 per annum and on average collection period of 30 days. Wants to pursue a more liberal policy to improve sales. A study made by a management consultant reveals the following information: Credit policy Increase in collection Period Increase in Sales Present default anticipated I 10 days ₹ 21,000 1.5% II 30 days ₹ 52,500 3% III 45 days ₹ 63,000 4%   The selling price per unit is ₹ 3. Average cost per unit is ₹ 2.25 and variable cost per unit is ₹ 2. The current bad-debts loss is 1% Required return on additional investment is 20%. Assume a 360 days year. Which of the above policies would you recommend for adoption? (8 Marks) Question No.3 – November 2015 A firm has a total sales of ₹ 200 lakhs of which 80% is on credit. It is offering credit terms of 2/40, net 120. Of the total, 50% of customers avail of discount and the balance pay in 120 days. Past experirnce indicates that bad debt losses are around 1% of credit sales. The firm spends about ₹ 2,40,000 per annum to administer its credit sales. These are avoidable as a factor is prepared to buy the firm’s receivables. He will change 2% commission. He will pay advance against receivables to the firm at an Interest rate of 18% after with holding 10% as reserve. (i) What is the effective cost of factoring? Consider year as 360 days. (ii) If bank finance for working capital is available at 14% interest. Should the firm avail of factoring service? (8 Marks) Question No.4 (May 2012 exam – 8 Marks) A company is presently having credit sales of ₹12 lakh. The existing credit terms are 1/10 net 45 days and average collection period is 30 days. The current bad debts loss is 1.5%. In  order to accelerate the collection process further as also to increase sales, the company is contemplating liberalization of its existing credit terms to 2/10, net 45 days. It is expected that sales are likely to increase by 1/3 of existing sales, bad debts increase to 2% of sales and average collection period to decline to 20 days. The contribution to sales ratio of the company is 22% and opportunity cost of investment in receivables 15 percent (pre-tax), 50 per cent and 80 percent of customers in terms of sales revenue are expected to avail cash discount under existing and liberalization scheme respectively. The tax rate is 30%. Should the company change its credit terms? (Assume 360 days in a year). Question No.5 (May 2012 exam – 8 Marks) STN Ltd. is a readymade garment manufacturing company. Its production cycle indicates that materials are introduced in the beginning of the production phase: wages and overhead accrue evenly throughout the period of cycle. The following figures for the 12 month ending 31st December 2011 are given. Production of shirts 54,000 units                                                                                                   Selling price per production cycle ₹ 200                                                                                                            Duration of the Production cycle 1 month                                                                                                                                   Raw material inventory held 2 month’s consumption                                                                            Finished goods stock held for 1 Month Credit allowed to debtors is 1.5 months and credit allowed by creditors is 1 month Wages are paid in the next month following the month of accrual. In the work-in-progress 50% of wages and overheads are supposed to be conversion costs. The ratios of cost to sales price are-raw materials 60% direct wages 10% and overheads 20%. Cash is to be held to the extent of 40% of current liabilities and safety margin of 15% will be maintained. Calculate amount of working capital required for the company on a cash cost basis. Question No. 6 (May 2013 exam – 8 Marks) The following information is provided by the DPS Limited for the year ending 31st March, 2013. Raw material storage period 55 days Work-in-progress conversion period 18 days Finished Goods storage period 22 days Debt collection period 60 days Annual Operating cost ₹ 21,00,000 (Including depreciation of 2,10,000)                                                                                                                                                      [1 year = 360 days] You are required to Calculate: (i) Operating Cycle period (ii) Number of Operating Cycle in a year.                                                                                                                            (iii) Amount of working capital required for the company on cash basis (iv) The company is a market leader in its product, there is virtually no competitor

Total No. of Questions – 6 Time Allowed – 3 Hours Maximum Marks – 100 FPR Answer to questions are to be given only in English except in the case of candidates who have opted for Hindi Medium. If a candidate has not opted for Hindi Medium, his /her Answers in Hindi will not be valued. Question No. 1 is compulsory. Candidates are also required to answer any four questions from the remaining five questions. Working notes should form part of the respective answer.   (a) TQ Cycles Ltd. Is in the manufacturing of bicycles, a labour intensive manufacturing sector. In April 2022, the Government enhanced the minimum wages payable to workers with retrospective effect from the 1stJanuary, 2022. Due to this legislative change, the additional wages for the period from Janauary 2022 to March 2022 amounted to 30lakhs. The management asked the Finance manager to charge ₹ 30 lakhs as prior period item while finalizing financial statements for the year 2022-23. Further, the Finance manager is of the view that this amount being abnormal should be disclosed as extra- ordinary item in the Profit and loss account for the financial year 2021-22. Discuss  with reference to applicable Accounting Standards. (b) NAT, a listed entity, as on 1st April, 2021 had the following capital structure: ₹ 10,00,000 Equity Shares having face value of ₹ each 10,00,000 10,00,000 8% Preference shares having face value of ₹ 10 each 1,00,00,000   During the year 2021 – 2022, the company had profit after tax of ₹ 90,00,000 On 1st January, 2022, NAT made a bonus issue of one equity share for every 2 equity shares outstanding as at 31st December, 2021. On 1st January, 2022 NAT issued 2,00,000 equity shares of ₹ 1 each at their full market price of ₹ 7,60 per share. NAT’s shares were trading at ₹ 8.05 per share on 31st March, 2022. Further it has been provided that the basic earnings per share for the year ended 31st March, 2021 was previously reported at ₹ 62.30. You are required to: (i) Calculate the basic earnings per share to be reported in the financial statements of NAT for the year ended 31st March, 2022 including the comparative figure, in accordance with AS-20 Earnings per share. (ii) Explain why the bonus issue of shares and the shares issue at full market price are treated differently in the calculation of the basic earnings per share? (c) Alloy Fabrication Limited is engaged in manufacturing of iron and steel rods. The company is in the process of finalization of the accounts for the year ended 31st March, 2022 and needs your advice on the following issues in line with the provisions of AS-29: (i) On 1st April, 2019, the company installed a huge furnace in their plant. The furnace has a      lining that needs to be replaced every five years for technical reasons. At the Balance Sheet         daten31st March, 2022, the company does not provide any provision for replacement of lining         of the furnace. (ii) A case has been filed against the company in the consumer court and a notice for levy of a          penalty of ₹ 50 Lakhs has been received. The company has appointed a lawyer to defend the          case for a fee of ₹ 5 Lakhs. 60% of the fees have been paid in advance and rest 40% will be         paid after finalization of the case. There are 70% chances that the penalty may not be levied. (d) Grace Ltd. A firm of contractors provided the following information in respect of a contract for the               year ended on 31st March, 2022: Particulars ( ₹ in ‘000) Fixed Contract Price with an escalation clause   Work Certified   Work not certified (includes ₹ 26,25,000 for materials issued, out of which material Lying unused at the end of the period is 1,40,000   Estimated further cost to completion   Progress Payment Received   Payment to be Received Escalation in cost is by 8% and accordingly the contract price is increased 8% 35,000   17,500   3,815     17,325   14,000   4,900   From the above information, you are required to: (i) Compute the contract revenue to be recognized, (ii) Calculate Profit / Loss for the year ended 31st March, 2022 and additional provision for loss to be made, if any, for the year ended 31st March,2022. The summarized Balance Sheet of A Ltd. And B Ltd. As at 31stMarch, 2022 are as under:   A Ltd. (in ₹) B Ltd. (in ₹) Equity shares of ₹ 10 each, fully paid up Share Premium Account General Reserve Profit and Loss Account Retirement Gratuity Fund Account 10% Debentures Unsecured Loan (including loan from A Ltd.) Trade payables           Land and Buildings Plant and Machinery Long term advance to B Ltd. Inventories Trade Receivables Cash and Bank     30,00,000 4,00,000 6,20,000 3,60,000 1,00,000 20,00,000 6,00,000 1,00,000 24,00,000 – 5,00,000 3,20,000 – – 8,20,000 3,40,000   71,80,000   43,80,000     28,00,000 20,00,000 2,20,000 10,40,000 8,20,000 3,00,000     21,00,000 7,60,000 – 7,00,000 5,20,000 3,00,000     71,80,000   43,80,000   Ltd is to declare and pay ₹ 1 per equity share as dividend, before the following amalgamation takes place with Z Ltd. Z Ltd. Was incorporated to take over the business of both A Ltd. And B Ltd. (a) The authorized share capital of Z Ltd. Is ₹ 60 lakhs divided into 6 lakhs equity shares of ₹ 10 each (b) As per Registered Valuer the value of equity shares of A Ltd. Is ₹ 18 per share and of B Ltd. Is ₹ 12 per share respectively and agreed by respective shareholders of the companies. (c) 10% Debentures of A Ltd.  to be issued  12% Debentures  of Z Ltd.  at per in consideration of their holdings (d) A contingent liability of A Ltd. of  ₹ 2,00,000 is to be treated  as actual liability (e) Liquidation expenses including Registered Valuer  fees of A Ltd. ₹ 50,000 and B Ltd ₹ 30,000 respectively to be borne by

NATIONAL MANAGEMENT COLLEGE – THUDUPATHY COURSE : CA INTERMEDIATE – 2022 – 2023 SUB : FINANCIAL MANAGEMENT MARKS : 50 MARKS TIME : 1.5 HOURS TEST :T4/31.7.2023 ANSWER ALL THE QUESTIONS EACH QUESTION CARRIES 10 MARKS (5*10=10 MARKS) HMR Ltd. is considering replacing a manually operated old machine with a fully automatic new machine. The old machine had been fully depreciated for tax purpose but has a look value of Rs. 2,40,000 on 31 st March 2021. The machine has begun causing problems with breakdowns and it cannot fetch more than RS. 30,000 if sold in the market at present. It will have no realizable value after 10 years. The company has been offered Rs. 1,00,000 for the old machine as a trade in on the new machine which has a price (before allowance for trade in) of Rs. 4,50,000. The expected life of new machine is 10 years with salvage value of Rs. 35,000. Further, the company follows straight line depreciation method but for tax purpose, written down value method depreciation @ 7.5% is allowed taking that this is the only machine in the block of assets. Given below are the expected sales and costs from both old and new machine: Old machine (₹) New machine (₹) Sales Material cost Labour cost Variable overhead Fixed overhead Depreciation PBT Tax @ 30% PAT 8,10,000 1,80,000 1,35,000 56,250 90,000 24,000 3,24,750 97,425 2,27,325 8,10,000 1,26,250 1,10,000 47,500 97,500 41,500 3,87,250 1,16,175 2,71,075   From the above information, ANALYSE whether the old machine should be replaced or not if required rate of return is 10% Ignore capital gain tax. Year 1 2 3 4 5 6 7 8 9 10 PVF 0.909 0.826 0.751 0.683 0.621 0.564 0.513 0.467 0.424 0.386   2.ABC & Co. is considering whether to replace an existing machine or to spend money on revamping it. ABC & Co. currently pays no taxes. The replacement machine costs ₹ 18,00,000 now and requires maintenance of ₹ 2,00,000 at the end of every year for eight year. At the end of eight years, it would have a salvage value of ₹ 4,00,000 and would be sold. The existing machine requires increasing amounts of maintenance each year and its salvage value fall each year as follows: Year Maintenance (₹) Salvage(₹) Present 1 2 3 4 0 2,00,000 4,00,000 6,00,000 8,00,000 8,00,000 5,00,000 3,00,000 2,00,000 0   The opportunity cost of capital for ABC & Co is 15% REQUIRED: When should the company replace the machine?                                                                                                                    The following present value table is given for you: Year Present value of ₹ 1 at 15% discount rate 1 2 3 4 5 6 7 8 0.8696 0.7561 0.6575 0.5718 0.4972 0.4323 0.3759 0.3269   K.M.M Hospital is considering purchasing an PRI machine. Presently, the hospital is outsourcing the work received to MRI machine and is earning commission of ₹ 6,60,000 per annum (net of tax). The following details are given regarding the machine: (₹) Cost of MRI machine Operating cost per annum (excluding Depreciation) Expected revenue per  annum Salvage value  of the machine (after 5 years) Expected life of the machine 90,00,000 14,00,000 45,00,000 10,00,000 5 years   Assuming tax rate @ 40%, whether it would be profitable for the hospital to purchase the machine? Give your RECOMMENDATION under: (i) Net Present Value Method, and                                                                                                                                                (ii) Profitability index Method.                                                                                                                                                        PV factors at 10% are given below:   Year 1 2 3 4 5 PV factor 0.909 0.826 0.751 0.683 0.620 Dharma Ltd, an existing profit-making company, is planning to introduce a new product with a projected life of 8 years. Initial equipment cost will be ₹ 240 lakhs and additional equipment costing ₹ 26 lakhs will be needed at the beginning of third year. At the end of 8 years, the original equipment will have resale value equivalent to the cost of removal, but the additional equipment would be sold for ₹ 2 lakhs. Working capital of ₹ 25 lakhs will be needed at the beginning of the operations. The 100% capacity of the plant is of 4,00,000 units per annum, but the production and sales volume expected are as under.   Year Capacity (%) 1 20 2 30 3-5 75 6-8 50   A sale price of ₹ 100 per unit with a profit volume ratio (contribution / sales) of 60% is likely to be obtained. Fixed operating cash cost are likely to be ₹ 16 lakhs per annum. In addition to this the advertisement expenditure will have to be incurred as under: Year 1 2 3 4 Expenditure (₹ Lakhs each year) 30 15 10 4   The company is subjected to 50% tax rate and consider 12% to be an appropriate cost of capital. Straight line method of depreciation is followed by the company. ADVISE the management

NATIONAL MANAGEMENT COLLEGE – PERUNDURAI CA INTERMEDIATE FINANCIAL MANAGEMENT DATE : 08-10-2023 TOTAL MARK 65 10 MARK 1.Following information and ratios are ratios are given in respect of AQUA Ltd. for the year ended 31st March, 2023: Current ratio 4.0 Acid test ratio 2.5 Inventory turnover ratio (based on sales) 6 Average collection period (days) 70 Earnings per share ₹ 3.5 Current liabilities ₹ 3,10,000 Total assets turnover ratio (based on sales) 0.96 Cash ratio 0.43 Proprietary ratio 0.48 Total equity dividend ₹1,75,000 Equity dividend coverage ratio 1.60 Assume 360  days in a year. You are required to complete Balance Sheet as on 31st March, 2023. Balance Sheet as on 31st March, 2023 Liabilities ₹ Assets ₹ Equity share capital (₹ 10 per share) XXX Fixed assets XXX Reserves & surplus XXX Inventory Long-term debt XXX Debtors XXX Current liabilities 3,10,000 Loans & advances XXX Cash & bank XXX Total XXX Total XXX   The following figures are related to the trading activities of M.Ltd. Total assets –    ₹ 10,00,000 Debt to total assets –    50% Interest cost –    10% per year Direct Cost –    10 times of the interest cost Opening Exp. –     1,00,000 The goods are sold to customers at a margin of 50% on the direct cost Tax Rate is 30% You are required to calculate                                                                                                                                                             (i) Net profit margin (ii) Net operating profit margin (iii) Return on assets                                                                                                                                                                      (iv) Return on owner’s equity Following information and ratios are given for W Limited for the year ended 31stMarch, 2022: Equity Share Capital of ₹ 10 each ₹ 10 lakhs Reserves & Surplus to shareholders’ Fund 0.50 Sales / Shareholders’ Fund 1.50 Current Ratio 2.50 Debtors Turnover Ratio 6.00 Stock Velocity 2 Months Gross Profit Ratio 20% Net Working Capital Turnover Ratio 2.50   You are required to Calculate : (i) Shareholders’ Fund (ii) Stock (iii) Debtors                                                                                                                                                                                    (iv) Current liabilities (v) Cash Balance Following are the data in respect of ABC Industries for the year ended 31stMarch, 2021 : Debt to Total assets ratio : 0.40 Long-term debts to equity ratio : 30% Gross profit margin on sales : 20% Accounts receivables period : 36 days Quick ratio : 0.9 Inventory holding period : 55 days Cost of goods sold : ₹ 64,00,000   Liabilities ₹ Assets ₹ Equity Share Capital 20,00,000 Fixed assets Reserves & surplus Inventories Long-term debts Accounts receivable Accounts payable Cash Total 50,00,000 Total Required: Complete the Balance Sheet of ABC Industries as on 31st March, 2021. All Calculations should be in nearest Rupee. Assume 360 days in a year. Masco Limited has furnished the following ratios and information relating to the year ended 31stMarch 2021: Sales ₹ 75,00,000 Return on net worth 25% Rate of income tax 50% Share capital to reserves 6 : 4 Current ratio 2 : 5 Net profit to sales (After Income Tax) 6.50% Inventory turnover (based on cost of goods sold) 12 Cost of goods sold ₹ 22,50,000 Interest on debentures ₹ 75,000 Receivables (includes debtors ₹ 1,25,000) ₹ 2,00,000 Payables ₹ 2,50,000 Bank Overdraft ₹ 1,50,000 You are required to: (a) Calculate the operating expenses for the year ended 31st March, 2021. (b) Prepare a balance sheet as on 31st March in the following format: Liabilities ₹ Assets ₹ Share Capital Reserves and Surplus 15% Debentures Payables Bank Term Loan       Fixed Assets Current Assets Stock Receivables Cash       From the following information, complete the Balance Sheet given below: (i) Equity Share Capital : ₹ 2,00,000 (ii) Total debt to owner’s equity : 0.75 (iii) Total Assets turnover : 2 times (iv) Inventory turnover : 8 times (v) Fixed Assets to owner’s equity : 0.60 (vi) Current debt to total debt : 0.40 Balance Sheet of XYZ Co, as on March 31, 2020 Liabilities Amount (₹) Assets Amount (₹) Equity  Shares Capital Long term Debt Current Debt   2,00,000 ? ?   Fixed Assets Current Assets : Inventory Cash ?   ? ?   Following information relates to RM Co. Ltd                                                                                                                      ₹                                                                            Total Assets employed                                                                   10,00,000                             

Corporate law test-1 Date:12-09-2023 National management college-Perundurai CA-Intermediate Batch 2023-24 Gr-1 Paper 2:Corporate and other laws Time allowed: 50Minutes I. Choose the most suitable answers Roma along with her six friends has incorporated Roma Trading Ltd. In May 2019. The paid-up share capital of the company is ’30 lacs. Further, in April 2020, she noticed that in the last financial year; the turnover of the company was well below ’20 crores. Advise whether the company can be treated as a’ small company’. (a) Roma Trading Ltd. Is definitely a ‘small company’ since its paid-up capital is much below ‘ 2 crores and also its turnover has not exceeded the threshold limit of 20 crores. (b) The concept of ‘small company’ is applicable only in case of a private limited company/OPC and therefore, despite meeting the criteria of ‘small company ‘ it being a public limited company it cannot enjoy benefits of ‘small company,. (c) Unlike a private limited company/OPC which automatically becomes s ‘small company’ as soon as it meets the criteria of ‘small company’ Roma Trading Ltd. Being a public limited company has to maintain the norms applicable to a ‘small company’ continuously for two years so that, thereafter, it will be treated as a ‘small company’. (d) If all the shareholders of Roma Trading Ltd. Give an undertaking to the ROC stating that they will not let the paid-up share capital and also turnover exceed the limits applicable to a ‘small company’ in the next two years. Then it can be treated as a ‘small company’. Abhilasha and Amirta have incorporated a ‘not for profit’ private limited company which is registered under Section 8 of the Companies Act,2013. One of their friends has informed them that company can be categorized as a ‘small company’ because as per the last profit and loss account for the year ending 31stMarch, 2019, its turnover was less than ’20 crores and its paid up share capital was less than ‘2 crores. Advise, (a) A section 8 company, which meets the criteria of ‘turnover’ and paid-up share capital’ in the last financial year, can avail the status of ‘small company’ only if it acquires at least 5% stake in another ‘small company’ within the immediately following financial year. (b) If the acquisition of minimum 5% stake in another ‘small company’ materializes in the second financial year (and not in the immediately following financial year) after meeting the criteria of ‘turnover’ and ‘paid-up share capital’ then with the written permission of concerned ROC, it can acquire the status of ‘small company’. (c) The status of ‘small company’ cannot be bestowed upon a ‘not for profit’ company which is registered under Section 8 of the Companies Act, 2013. (d) A section 8 company, if incorporated as a private limited company(and not as public limited company) can avail the status of ‘small company’ with the permission of concerned ROC, after it meets the criteria of ‘turnover, and ‘paid-up share capita’. Anupam incorporated a ‘One Person Company’ (OPC) with his sister Alpana as the nominee and about three years have passed satisfactorily. Anupam does a number of charitable works and is associated with three NGOS. His business under his OPC has also flourished. Now he is planning to convert the OPC into a Section 8 company (i.e. a company formed with charitable objects). Choose the correct option. (a)Since the company belongs to Anupam, he has full discretion to convert the OPC either as a Section 8 company or as a private or public company                                                                                                                                                                 (b) Since the company was formed as a private company, the only option available with Anupam is to convert it into a public limited company.                                                                                                                                                                            (c) There is specific prohibition on converting OPC into a Section 8 company; otherwise it can be converted into a private or public company without any hindrance. (d) Since Anupam does a lot of charitable works there is no prohibition on converting his OPC into a section 8 company. Under the Companies Act,2013, ‘’Significant influence’’ constitutes how much % of total share capital or of business decisions under an agreement? (a) At least 2% (b) At least 2.5% (c) At least 10% (d) At least 20% A Private Company which is subsidiary of a Public Company is treated as- (a) Public Company (b) Private Company (c) Holding Company (d) Dormant Company Which one of the following is not the content of the Memorandum of Association? (a) Name clause (b) Registered office clause (c) Object clause (d) Board of Directors clause An Act is said  to be ultra vires a company when it is beyond the powers. (a) Of the Company (b) Of the Directors (c) Of the Directors but not the company                                                            (d) Conferred on the company by the Articles of Association. Turquand Rule is related to: (a) Doctrine of ultra vires (b) Doctrine of constructive notice (c) Doctrine of indoor management (d) None of the above The minimum number of members in a private company and public company are (a)Three and seven respectively   (b) Two and seven respectively (c) Two and nine respectively  (d) None of the above Only a natural person who is an Indian citizen and who has stayed in India for a period of at least ———– days during the immediately preceding financial year shall be eligible to incorporate an OPC. (a) 180 days (b) 181 days (c) 120 days (d) 183 days XYZ Limited is having 15% share capital held by X Limited and 50% held by Central Government and 10% held by state Government and 25% held by other people then that company will be ——— (a) Government Company (b) Private Company  (c) Public Company (d) Dormant company The Doctrine of indoor management is a protection that is available to: (a) Shareholders (b) Outsiders who deal with the company        (c)Board of

NATIONAL MANAGEMENT COLLEGE, THUDUPATHI BUSINESS MATHEMATICS, LOGICAL REASONING AND STATISTIC PRACTICE PROBLEMS Given the following data: Cities A B C D E F Density 200 500 400 700 600 300 Death rate 10 16 14 20 17 13   Find the coefficient of correlation between density and death rate.   For a Private data:  {(x,y): (15,3),(11,3),(12,2),(14,0),(8,6)}.  Find the coefficient of correlation between x and y.   What is the value of correlation coefficient due to person on the basis of the following data: X -5 -4 -3 -2 -1 0 1 2 3 4 5 Y 27 18 11 6 3 2 3 6 11 18 27   Calculate Karl Pearson’s coefficient of correlation from the following data: Values of X 100 110 115 116 120 125 130 135 Values of Y 18 18 17 16 16 15 13 10    From the following data compute the coefficient of correlation between X and Y: X – Series Y – Series Arithmetic Mean 15 28 Sum of Squares of deviations from mean 144 225   6) For the distribution of the number of marks obtained by 49 students in a class. Calculate the mean, median and mode. Class 5-10 10-15 15-20 20-25 25-30 30-35 35-40 40-45 Frequency 5 6 15 10 6 3 3 1   7) Calculate Q3, D4, P30 from the following data: Marks 20 25 30 35 40 No.of students 5 14 20 11 10 8) Find the A.M.G and H.M and prove that A.M ≥ G,M ≥ H.M X 2 4 8 16 F 2 3 3 2   9) (i) If the absolute deviations of 5 observations from mean be 26, 15,39,24,41 Find the mean deviation about mean. (ii) The first three quartiles of a distribution are Rs. 12, Rs.22, Rs.45; Find the Quartiles Deviation. 10)  (i) If the standard deviation of x is, what is the variance of (5 – 2x)? (ii) There are 5 bags of wheat weighting on an average 102kgs and another 8 bags weighting 98kgs on an Average. What is combined mean of 13 bags? 11) (i) What is the coefficient of range for the following wages of 8 workers? Rs.80, Rs.65, Rs.90, Rs.60, Rs. 75, Rs. 70, Rs. 72, Rs.85. (ii) Calculate S.D for first 10 natural numbers. 12) (i) Calculate M.D and Q.D if S.D = 60 (ii) Calculate S.D and Q.D if M.D = 60.                                                                                                                                  (ii) Calculate S.D and M.D if Q.D = 60; if the series are moderately asymmetrical.   CLICK TO DOWNLOAD

NATIONAL MANAGEMENT COLLEGE,THUDUPATHI. CA FOUNDATIO PAPER-3: BUSINESS MATHEMATICS, LOGICAL REASONING AND STATISTICS TEST 2 Time Allowed:1/2 hours Maximum Marks: 20 1) If two regression equations x + 5y = 13 and 3x – 2y =5, then the mean values of x and y are respectively. (A) (2,3) (B) (3,2) (C) (4,5) (D) (5,4) 2) The two regression co efficient s for the following data: X 38 23 43 33 28 Y 28 23 43 38 8 Are a)1.2 and 0.4 b)1.6 and 0.8 c)1.7 and 0.8 d) 1.8 and 0.3 3) The following results relate to bivariate data on (x,y): ∑xy = 414, ∑x = 120, ∑y = 90, ∑y2 = 300, ∑x2 = 600, n = 30. Later or, it was known that two pairs of observation (12,11) and (6,8) were wrongly taken, the correct pairs of observations being ( 10,9 ) and ( 8,10). The corrected value of the correlation coefficient is a) 0.752 b) 0.768 c) 0.846 d) 0.953 4) The two lines of regression are given by 8x+10y=25, 16x+5y = 12 respectively. If the variance of x is 25, what is the standard deviation of y ? a) 16 b)8 c)64 d)4 5)For y = 25, what is the estimated value of x, from the following data X 11 12 15 16 18 19 21 Y 21 15 13 12 11 10 9   a) 15 b) 13.926 c) 14.388 d) none of these 6) The lines of regression passes through the points, bearing ———– no. of points on both sides a) equal b)unequal c) zero d) none 7) If the line y = 13-3x/2 is the regression equation of y on x then byx is a) 2/3 b)-2/3 c) 3/2 d) -3/2 8) when r=0 then cov (x,y) is equal to a) +1 b) -1 c)0 d) none 9) If r = 0.6, then the confficient of non-determination is a)0.4 b) -0.6 c) 0.36 d) 0.64 10) If the sum of the squares of rank difference in the marks of 10 students in two subject is 4, then the coefficient of rank correlation is a) 0.85 b) 0.95 c) 0.75 d) 0.5 11) With usual notation, then the coefficient of concurrent deviation is a) 0.75 b) 0.65 c) -0.65 d) -0.75 12) If scatter diagram from a line move from lower left to upper right corner then the correlation is. a) Perfect positive b) Perfect negative c)Simple positive d) No correlation 13) Consider to regression line 3x+2y=26, 6x+y=31 find the correlation coefficient between x and y a) 0.5 b) -0.5                                                                                               c) 0.25 d)-0.25 14) If correlation coefficient between x and y is 0.5 then find the correlation coefficient between 2x – 3 and 3 – 5y is a) 0.5 b) -0.5                                                                                                  c) 2.5 d) -2.5 15) The coefficient of correlation between two variables x and y is 0.38, Their convariance is. 10.2. The variance of X is 16. The Standard deviation of Y is a) 5.71 b) 6.71 c) 7.71 d) 8.71 16) In calculating the Karl Pearson’s coefficient of correlation it is necessary that the data should be of numerical measurements. The statement is a) valid b) not valid c) both d) none 17)The value we would predict for the dependent variable when the independent variables are all equal to zero is called: a) Slope b) Sum of residual c) Intercept     d) Difficult to tell 18) The coefficient of correlation is significant if: a)r ≥ P.E b) r<6 P.E c) r ≥6 P.E d)r =6 P.E 19) The straight line graph of the linear equation Y = a + bx,slope is horizontal if: a) b = 0 b) b ≠ 0 c) b= 1 d) a = b 20) If a statistics professor tells his class, “ All those who got 100 on the statistics test got 20 on the mathematics test, and all those that got 100 on mathematics test got 20 on the statistics test”, he is saying that the correltion between the statistics test and the mathematics test is a) negative b) positive c) zero d) none of the above CLICK TO DOWNLOAD

National Management College – Perundurai CA Foundation Batch : 2023-2024 Paper 2 : Business laws Test portions: Companies act 2013 &LLP Act 2008 Maximum Marks : 25 Time Allowed : 60 Minutes A1. nswer any 3 from 5 questions          3*5 Explain clearly the doctrine of ‘ Indoor Management’ as applicable is cases of companies registered under the Companies Act, 2013. Explain the circumstances in which an outsider dealing with the company cannot claim any relief on the ground of ‘Indoor Management’. Explain the essential elements to incorporate a Limited Liability Partnership under the LLP Act, 2008 Write short notes on Public Financial Institutions and Dormant companies Write the characteristics of company. Difference between Partnership and LLP Answer all the questions: F Limited was registered as a public company. There are 230 members in the company as noted below: (a) Directors and their relatives 50 (b) Employees 15 (c) Ex- Employees (Share were allotted when they were employees) 10 (d) 5 Couples holding shares jointly in the name of husband and wife (5*2) (e) Others 145   The Board of Directors of the company Propose to convert it into a private company. Also advise whether reduction in the numbers is necessary. Y dairy products Private limited has registered its articles along with memorandum at the time of registration of company in September, 2022. Now directors of the company are of the view that provisions of articles regarding forfeiture of shares should not be changed except by a resolution of 90% majority. While as per section 14 of the companies Act, 2013 articles may be changed by passing a special resolution only. One of the directors said that they cannot make a provision against the Companies Act. You are required to advise the company on this matter.  CLICK TO DOWNLOAD

National Management College – Perundurai CA Foundation –  Business Economics Max. Time: 60 minutes Total Marks : 50 Answer all the questions During a recession, economies experience increased unemployment and a reduced level of income. How would a recession likely to affect the market demand for new cars? (a) Demand curve will shift to the right. (b) Demand curve will shift, to the left. (c) Demand will not shift, but the quantity of cars sold per month will decrease. (d) Demand will not shift, but the quantity of cars sold per month will increase. 2.The average income of residents of who cities A and B and the corresponding change in demand for who goods is given in the following table. Which of the following statements is true? City % Increase In Income % charge in demand for Good X % change in demand for Good Y A 12 6.5 -2.3 B 9 5.6 1.6   (a) Both goods are normal goods in both cities A and B (b) Good X is a normal good in both cities; good Y is an inferior good in city A                                                                  (c) Good X is a normal good in both cities; good Y is an inferior good in city B                                                                    (d) Need more information to make an accurate  comment. The demand curve of a normal good has shifted to the right, which of the four events would have caused the shift? (a) A fall in the price of a substitute with the price of the good unchanged (b) A fall in the nominal income of the consumer and a fall in the price of the normal good (c) A fall in the price of a complementary good with the price of the normal good unchanged (d) A fall in the price of the normal good, other things remaining the same If a short run supply curve is plotted for the following table which presents price and quantity of fighter aircrafts, what will be its shape? Price in millions of $ Number of Aircrafts 124 28 140 28 150 28 160 28 175 28 (a) Horizontal straight line parallel to the quantity axis (b) Steeply rising with elasticity less than one (c) Vertical straight line parallel to Y axis (d) A perfectly elastic supply curve Which of the following statements is correct? (a) With the help of statistical tools, the demand can be forecasted with perfect accuracy (b) The more the number of substitutes of a commodity, the more elastic is the demand. (c) Demand for butter is perfectly elastic. (d) Gold jewellery will have negative income elasticity. Expert opinions for demand forecasting is used in (a) Opinion Projection method (b) Controlled Experiments                                                                                                      (c) Delphi Method (d) Last square method Which is the classical method for demand forecasting? (a) Trend projection method (b) Graphical method (c) Regression Method (d) Last square method Economic indicators in demand forecasting is called (a) Trend projection method (b) Barometric method (c) Least square method (d) Gauge method Goods which are used for final consumption – (a) Capital Goods (b) Consumer Goods (c) Durable Goods (d)None of the above Cooking oil is an example of – (a) Durable Producer’s goods (b) Durable Consumer’s goods (c) Non – Durable Producers’ goods (d) Non – Durable Consumer’s goods Use the following data for the next 6 questions: X, Y  and Z are three commodities where X and Y are complementary whereas X and Z are Substitutes. A shopkeeper sells commodity X at Rs.20 per price. At this price, he is able to sell 100 pieces of X per month. After some time, he decreases the price of X to rs.10 per piece. Consequently – He is able to sell 150 pieces of X per month Demand for Y increases from 25 to 50 units Demand for Z decreases from 75 to 50 units Price Elasticity of demand (using Arc method) when the price of X Decreases from Rs.20 per piece to Rs. 10 per piece to Rs. 10 per piece will be – (a) 0.6 (b) 1.6 (c)0.5 (d) 1.5 What can be said about the piece elasticity of demand for commodity X? (a) Demand is Unit elastic (b) Demand is highly elastic (c) Demand is inelastic (d) Demand is perfectly elastic Cross Elasticity of Demand for commodity Y when the piece elasticity of X decreases from Rs. 20 per piece to Rs. 10 per piece will be – (a) – 1.5 (b) + 1.5 (c) +1 (d) – 1 Cross Elasticity of demand for commodity Z when the price of X decreases from Rs. 20 per piece to Rs. 10 per piece will be – (a) + 1.66 (b) +0.66 (c) – 1.66 (d) – 0.66 If Income of the Consumers increases by 50% and the demand for X increase by 20% what will be the Income Elasticity of Demand for X? (a) 0.044 (b) 0.4 (c) 4.00 (d) – 4.00 We can say that commodity X in economic sense is an example of – (a) Inferior goods (b) Giffen goods (c) Normal goods (d) Luxury goods The diagram given below shows (a)           A change in demand which may be caused by a rise in income and the good is a normal good (b)          A shift of demand curve caused by a fall in the price

National Management college – Perundurai CA Foundation – Business Economics Max. Time: 35 minutes Total Marks : 30 Internal Cause for Business Cycle include (a) Money Supply (b) Wars (c) Weather Cycles (d) Changing Technology According to trade cycles occur due to onset of innovations. (a) Hawtrey (b) ADAM Smith (c) JM Keynes (d) Schumpeter Which of the following is not an example of coincident indicator? (a) Industrial production (b) inflation (c) Retail sales (d) New orders for plant and equipment Peaks and troughs of the business cycle are known collectively as (a) Volatility (b) Turning points (c) Equilibrium points (d) Real business cycle events Industries that are extremely sensitive to the business cycle are the (a) Durable goods and service sectors. (b) Non – durable goods and service sectors. (c) Capital goods and non – durable goods sectors (d) Capital goods and durable goods sectors. Even with lower rate of interest, demand for credit declines in (a) Expansion Phase (b) Peak (c) Contraction Phase (d) Depression The trough of a business cycle occurs when hits its lowest point. (a) Inflation in the economy (b) the money supply (c) aggregate economic activity (d) the unemployment rate Successive generations of an Undivided Family are Know as HUF. (a) 2 (b) 3 (c) 4 (d) 5 Which of the following is an advantage of joint ownership? (a) Quick decisions (b) Pooling of Capital (c) Personal Interest (d) All the above10. What is the psychological motive of employment (a) Service to society (b) Earning livelihood (c) Personal Interest (d) Displaying skills Transfer of Interest exists in- (a) Business (b) Profession (c) Employment (d) None of the above Which of the following occupations requires rendering of services based upon specialized knowledge and membership of an accreditation and assessment body? (a) Employment (b) Profession (c) Business (d) Agriculture Trading implies buying for the purposes of selling. Applying this criterion, tell which of the following activities would not quality as trading? (a) Purchase of goods in bulk quantity from the manufacture and sale in smaller quantities to the retailers (b) Buying from the wholesaler and selling it to the consumers (c) Buying from the retailer for self – consumption (d) Purchase of raw materials from the suppliers for further processing in the factory Which is not characteristic of monopoly? (a) The firm is price – taker (b) There is a single firm (c) The firm produces a Unique product (d) The existence of some advertising The three most valuable attributes to be successful in business – (I) Can – Do Attitude (ii) Resistance to change (iii) Commercial Awareness (iv) Traditional approach (v) Contentment (vi) Technical Skills (a) (i),(ii) and (iii) (b) (i),(iii) and (vi) (c) (iii), (v) and (vi) (d) (iv), (v) and (vi) 16.Kinked demand curve of the Oligopoly indicatesI. If one firm decreases price other firms also decreases the price If one firm increases price other firms also increases the price. III. If one firm decreases the price other firms does not decrease the price. If one firm increases the price other firms does not increase the price. (a) Only I (b) II and IV (c) I and IV (d) II and The demand curve of an oligopolist is (a) Determinate (b) Indeterminate (c) Circular (d) Vertical Price Leadership is form of – (a) Monopolistic Competition (b) Monopoly (c) Non – Collusive (d) Perfect Competition Which one of the following is the best example of agreement between Oligopolists? (a) GATT (b) OPEC (c) WTO (d) UNIDO In Monopolistic Competition, a Firm is in long run equilibrium – (a) at the minimum point of the LAC Curve (b) in the declining segment of the LAC Curve. (c) in the rising segment of the LAC Curve. (d) when price is equal to Marginal Cost. In Monopolistic Competition, the long run equilibrium price will be equal to (a) Marginal Revenue (b) Average cost (c) Marginal cost (d) Both (a) and (c) Under Monopolistic Competition, the Firm’s Demand Curve us – (a) Horizontal Line, parallel to X Axis (b) Vertical Line, parallel to Y Axis (c) Negatively Sloped (d) Kinked Under Monopolistic Competition, each Firm’s control over price is – (a) Nil (b) Full and Absolute (c) Reasonable (d) None of the above Selling outlay is an essential part of which of the following market situation(a) Monopolistic Competition (b) Perfect Competition (c) Monopoly (d) Pure Competition Barriers to entry like ———- allows the Monopolist to charge a price much below then the price of new entrant, thereby driving the new entrant out of business. (a) Economics of Scale (b) Product Differentiation (c) Price Discrimination (d) High Quality Product In the case of Monopoly – (a) MR Curve cannot be defined (b) AR Curve cannot be defined (c) Short Run Supply Curve cannot be defined (d) None of the above Abnormal profits exists in the long run only under——— (a) Monopoly (b) Perfect competition (c) Monopolistic competition (d) Oligopoly Under which of the followings forms of market structure does a firm has very considerable control over the price of its product? (a) Monopoly (b) Perfect competition (c) Monopolistic competition (d) Oligopoly Which of the following statements is incorrect? (a) Evan a monopolistic firm can have losses. (b) Firm in a perfectly competitive market are price takers. (c) It is always beneficial for a firm in a perfectly competitive market to discriminate prices. (d) Kinked demand curve is related to an oligopolistic market. 30.Under Monopolistic competition the cross elasticity of demand for the product of a single firm would be: (a) Infinite (b) Highly elastic (c) Highly inelastic (d) Zero   CLICK TO DOWNLOAD

National Management College – Perundurai CA Foundation – Business and Commercial Knowledge Max. Time: 1 HR Total Marks : 50 Answer all the questions 1.ABC ABC Ltd. takes over XYZ Ltd. in such a manner that forthwith ABC Ltd. will control all the busness operations of XYZ. It may be called as: (a) Merge (b) Demerage (c) Acquisition (c) Jone of theedr The affairs of a corporation should be executed in a manner so as to ensure that they are conducted in an ethical manner and as per provisions of law. This system of overseeing the affairs of a Corporation is called as: (a) Governance (b) Observation    (c) Corporate Governance (d) Corporate Observations The procedure wherein a person in debt negotiates the price with the lender of a loan, in order to reduce the instalments is called as: (a) Debt settlement (b) Debt Repayment    (c) Debt Negotiation (d) None of these There are two types of cords: One is based upon magnetic stripes & others are based on computer chip. The Computer chip based cards are used for data storage, processing and identification. These cards are known as: (a) Pen Drive (b) Smart cards (c) Debit card (d) Computer Cards. ______  in the sum or portion of the value that is at stake of subject to loss from a valuation in prevalent interest rates. (a) Value at Risk (b) Sum at risk (c) Amount at Risk (d) Stake Risk If a schedule bank has surplus funds. Then it can be deposited with the RBI for short periods. Such rate of interest offered by the RBI is called as: (a) Repo Rate (b) Reverse Repo Rate (c) Conversion Rate                                      (d) None of these Sometimes, a single project is handled by multiple companies, which may be to buy something or to build something. A combination of such several companies working together for a particular purpose is called as_________ (a) Consolidation Rate      (b) Merger     (c) Consortium   (d) None of these The strategy plays an inevitable role in the growth of any organization. The management’s storyline foe how the strategy will be a money market is called as ________                       . (a) Super strategy (b) Mega Strategy (c) Vision strategy (d) Business model The falling or attitude that inclines a customer either to return to the company / shop / outlet to purchase these again may be regarded as ____________                     . (a) Customer loyalty (b) Customer need (c) Customer Satisfaction (d) Customer want For call options,  _________means the stock price is below the strike price. (a) Out of the Money (b) in the Money (c) Other than Money   (d) with Money Which one of the following is the funding institution. (a) RBI (b) IRDAI (c) IFCI (d) CCI 12.The Central office of the Reserve Bank was Initially established in  ________but was permanently moved to                       in 1937. (a) Kolkata, Mumbai (b) Mumbai, Kolkata (c) Delhi, Mumbai (d) Kolkata, Delhi Which condition, or which is not true out of options about bank rate? (a) It is called discount rate (b) It is different from repo rate (c) SEBI Influences the interest rates through bank rate                                                                                                            (d) Higher bank rate will translate to higher lending rates by the banks Who was the regulatory body for controlling financial affairs in India before SEBI? (a) Controller of Capital Issues                                                                                                                                                        (b) Reserve Bank of India                                                                                                                                                                (c) Insurance Regulatory and Development Authority of India                                                                                                 (d) Government of India How many members of SEBI Board are nominated by RBI? (a) One (b) Two (c) Three (d) Four Which one of the following is the industry specific business facilitator? (a) Insurance Regulatory and Development Authority                                                                                                              (b) Reserve Bank of India                                                                                                                               

National Management College – Perundurai CA Intermediate Batch : 2022 – 2023 Gr-2: Paper 06: Auditing and assurance Maximum marks : 30 Time allowed: 1 hr Part – I (6 Marks) State with reasons (in short) whether the following statement is correct or incorrect: Auditor needs to report to Central Government in case of fraud involving 20 cr. Rupees  Unusual delays by the entity in providing requested information shows problematic or unusual relationships between the auditor and management. The Company auditor need not report on the efficacy of Internal Financial controls in his Audit Report in the case of a One Person Company. Part – II (24 Marks) Answer the all the questions With respect to audit in an automated environment, explain the following: (i) CAATS                                                                                                                                                                                              (ii) Data Analytics                                                                                                                                                                                (iii) Database                                                                                                                                                                                        (iv) Information Systems                                                                                                                                                                (v) Privileged access In an audit of financial statements of PQR Ltd. CA Suganya finds that the cash receipts have been suppressed. Give examples of such techniques which may have led him suspect this. Enlist the instances which induce Management / Employees to commit fraud? During the Statutory Audit of a Public Limited Company, XYZ Ltd. its auditor, Mr. Balaji, the engagement partner of Bajaj Chopra & Associates, encounters some exceptional circumstances that bring into question his ability to continue performing the audit while suspecting a fraud arising from material misstatements. Explain the steps to be taken in such a case. CLICK TO DOWNLOAD

National Management College – Perundurai CA Intermediate Paper-5 Advanced Accounting Date: 23.09.2023 Total Marks : 100         Time: 3 Marks Answer all the questions 1)  A. Given below are the interests on advances of a commercial bank (₹ in lakhs) Performing Assets                                            NPA Interest             Interest                            Interest     Interest Earned              received                           earned       received Term Loans                               120                       80                                   75                  5 Cash credits and overdrafts   750                      650                                150                 12 Bills purchased and discounted   150               150                                 100                 20 Find out the income to be recognized for the year ended 31st March, 20X1. From the following information, find out the amount of provisions to be shown in the profit and Loss Account of AG bank.                                                                                  ₹ in lakhs   Assets Standard                                                                5000 Sub-standard                                                       4000 Doubt full   :   for one year                                800 : for three years                             600 : for more than three years         200 Loss Assets                                                         1000 Commission on government business      82 Profit on sale of land and building          27 Loss on exchange transactions                52 Interest paid on deposit                            27,20 Auditors’ fees and allowances                  1,20 Director’s fees and allowances                 2,50 Advertisements                                            1,80 Salaries, allowances and bonus to employees   12,40 The following is an extract from Trial Balance of overseas Bank as at 31stMarch,20X1 ₹ ₹ Bills discounted 12,64,000 Rebate on  bills discounted not due on March 31st, 20X0 22,160 Discount received                      1,05,708   An analysis of the bills discounted is as follows:           Amount             Due Date20X1 Rate of Discount             ₹                                                                                   % (i)               1,40,000                          June 5                                              14 (ii)             4,36,000                         June 12                                             14 (iii)            2,82,000                         June 25                                             14 (iv)            4,06,000                         June 6                                                16 Calculate  Rebate on Bills Discounted as on 31-3-20X1 and show necessary journal entries. D   Templeton Finance Ltd. Is a non – banking finance company. It provides the following information:   Leased out assets Investment: In shares of subsidiaries and group companies In debentures of subsidiaries and group companies Cash and bank balances Deferred expenditure Paid-up equity capital Free reserves Loans Deposits ₹ in crores 800   100 100 200 200 100 500 400 400 You are required to compute ‘Net owned Fund’ of Templeton Finance Ltd. As per Non-Banking Financial Company – Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank ) Directions,2016 Commission on government business Profit on sale of land and building Loss on exchange transactions Interest paid on deposit Auditors’ fees and allowances Director’s fees and allowances Advertisements Salaries, allowances and bonus to employees Payment to Provident fund Printing and stationery Repairs and maintenance Postage, telegrams, telephones 82 27 52 27,20 1,20 2,50 1,80 12,40 2,80 1,40 50 80 Other Information:                                                                                                                                                                                (i)          Interest on NPA is as follows                                                           Earned (₹’000)                                  Collected(₹’000) Cash credit                                               8,20                                                                4,00                                                     Overdraft                                                450                                 

NATIONAL MANAGEMENT COLLEGE – PERUNDURAI CMA INTER BATCH 2023 –  2024 ACCOUNTS- TEST NO.1-13/09/2023 TIME: 1.5 HOURS MARKS:50 Question no.1      1*5=5Marks Recognise the accounting principle in the following cases: (a) Transactions are recorded at their original cost. (b) Inventories are valued at lower of its cost and realizable value.                                                                                    (c) Accounting treatment once decided should not changed from one period to another.                                              (d) Unsold stock is deducted from the cost of goods available for sale arrive at cost of goods sold.                            (e) A business is assumed to run for an indefinite period. Question no.2 6 Marks The following transactions relate to Mr. J for the month of January, 2018. You are required to prepare an accounting equation from these transactions: 2018 January 1 Started business with cash ₹ 48,000. 4 Purchased goods in cash from D Bros. for ₹ 8,000. 6 Bought furniture worth ₹ 14,000 in cash. 9 Sold goods costing ₹ 2,500 to Mr. X for 4,000 in cash 12 Purchased goods in credit from B & Sons. Worth ₹ 28,000 16 Sold goods costing ₹ 4,800 to Mr. Y for ₹ 6,000 on credit. 20 Paid ₹ 5,000 cash to B & Sons., the supplier. 22 Paid Salaries ₹1,600. 27 Received Interest ₹ 1,400. 31 Collected ₹ 6,000 from his customer, Mr.Y   Question no.3 5 Marks Classify the following transaction between capital and revenue: (a) A plant constructed for ₹ 10,50,000. (b) Profit earned by sale of fixed assets ₹ 25,000 (c) Amount received from customers for services rendered ₹ 2,00,000 (d) Regular repairs and maintenance incurred on old machine ₹ 24,000                                                                      (e) Annual rates and taxes paid to local authority ₹ 2,000 Question no.4 4 Marks Enter the following transactions in sales Book of M/s. Pranat Engineers Ltd., Delhi. 2020 Jan.2.   Sold to M/s. Ajanta Electricals, Delhi 5 pieces of Ovens @ ₹ 6,000/- each Trade discount @ 10%. 8 Sold to M/s. Ajanta Electricals Plaza, 10 pieces of Traders @ ₹ 8,000/- each less trade discount 5% 15 Sold to M/s. Haryana Traders, 5 pieces of Juicers @ ₹ 3,500/- each less trade discount @ 10% Question no.5 10 Marks Transactions of Ramesh for April are given below. Joumalise them. 2020 ₹ April 1 Ramesh started business with 10,00,000 – 3 Bought goods for cash 50,000 – 5 Drew cash from bank 1,50,000 – 13 Sold to Krishna – goods on credit 2,25,000 – 20 Bought from shyam goods on credit 1,45,000 – 24 Received from Krishna 5,000 – Allowed him discount 2,15,000 – 28 Paid Shyam cash 2,15,000 – Discount allowed 10,000 – 30 Cash sales for the month 8,00,000 Paid Rent 50,000 Paid Salary 1,00,000   Question no.6   10Marks Enter the following transaction in Cash Bank with Discount and Bank columns. Cheques are first treated as cash receipts – 2020 ₹ March 1   2 3   5 6 7 9 10   12   15 24 28 30 Cash in Hand Overdraft in Bank Cash Sales Paid to Sushil Bros. by cheque Discount received Sales through credit card Received cheque from Srijan Endorsed Srijan’s cheque from Srijan Deposit into Bank Received cheque from Aviral and deposited the same into Bank by allowing discount of ₹ 50 Adit informed that Srijan’s cheque is dishonoured. Now cash is received from Srijan and amount is paid to Adit through own cheque Sales through Debit Card Withdrawn from Bank Paid to Sanchit by cheque Bank charged 1% commission on sales through Debit/Credit Cards. 15,000 500 3,000 3,400 100   2,800 6,200 6,800   3,600     3,200 1,800 3,000     Question. No.7 10 Marks According to the cash-book of Gopi, there was a balance of ₹ 44,50,000 in this bank on 30th June, 2019. On investigation you find that: (i) Cheques amounting to ₹ 6,00,000 issued to creditors have not been  presented for payment till the date          (ii) Cheques paid into bank amounting to ₹ 11,05,000 out of which cheques amounting to ₹5,50,000 only collected by the bank up                                                                                                                                                              (iii) A dividend of ₹ 40,000 and rent amounting to ₹ 6,00,000 received by the bank and entered in   the pass-book but not recorded in the cash book.                                                                                                                                    (iv) Insurance premium (up to 31st December, 2019) paid by the bank ₹ 27,000 not entered in the cash book.      (v) The payment side of the cash book had been under casted by ₹ 5,000.                         

National Management College –Perundurai CA Foundation Accounts – test no.2-20/09/2023 Time Allowed: 1.5 Maximum Marks: 50 Question No.1 State with reasons, whether the following statements are true or false: 3*2 = 6 Marks (i) Adjustment entry in respect of income received in advance is debit income received in advance account and credit income account. (ii) A loss is an expenditure which does not bring any benefits to the concern (iii) Tournament expenses incurred are more than the Tournament fund, then the excess to be shown as an asset in the closing Balance sheet. Question No.2 On 31st March,2021 the Trial Balance of Mr. Black was as follows: Particulars Debit (₹) Particulars Credit (₹) Stock on 1/4/2020 Raw Materials Work-in-Progress Finished Goods Sunday Debtors Carriages on Purchase Bills Receivables Wages Salaries Telephone and Postage Repairs to office furniture Cash at Bank Office Furniture Repairs to Plant Purchases Plan and Machinery Rent Lighting General Expenses       2,10,000 95,000 1,55,000 2,40,000 15,000 1,50,000 1,30,000 1,00,000 10,000 3,500 1,70,000 1,00,000 11,000 8,50,000 7,00,000 60,000 13,500 15,000 Sunday Creditors Bills Payable Sale of scrap Commission received Provision for doubtful debts Capital account Sales Bank overdraft                           1,50,000 75,000 25,000 4,500 16,500 10,00,000 16,72,000 85,000                         30,28,000   30,28,000   The following additional information is available:                                                                                                                        Stock on 31st March, 2021 were: Raw material Finished goods Work-in-progress ₹ 1,62,000 ₹ 1,81,000 ₹ 78,000   Salaries and wages unpaid for the year ended 31st March, 2021 were respectively. ₹ 9,000  and 20,000. Machinery is to be depreciated by 10% and office furniture by 71/2%. A provision for doubtful debts is to be maintained @1% of sales. Rent is to be charged as to ¾ to factory and ¼ to office. Lighting is to be charged as to 2/3 to factory and 1/3 to office. Prepare the Manufacturing Account. Trading Account and Profit and Loss Account for the year ended on 31st March, 2021. (15 Marks) Question No.3 (a) 6 Marks Delta Ltd. forfeited 600 shares of ₹ 10 each issued at a premium of 10% to W for non-payment of first and final call money of ₹ 3 (including ₹ 1 premium). At different intervals of time out of these 400 shares were re-issued to Z, credited as fully paid for ₹ 9 per share and 100 shares were-re issued to X as ₹ 10 paid up for ₹ 11 per share. Record the journal entries for forfeiture and reissue of shares. (b) 9 Marks On 1st April 2020, XY Ltd. took over assets of ₹ 4,50,000 and liabilities of 60,000 of Himalayan Ltd. for the purchase consideration of ₹ 4,40,000. It paid the purchase consideration by issuing 8% debenture of ₹ 100 each at 10% premium on same date. XY Ltd. issued another 3000, 8% debenture of ₹ 100 at discount of 10% redeemable  at premium of 5% after 5 years. According to the terms of the issue ₹ 30 is payable on application and the balance on the balance on the allotment on debentures. It has been decided to write off the entire loss on issue of discount in the current year itself. You are required to pass the journal entries in the books of XY Ltd. for the financial year 2020-21 Question.No.4 5 Marks Mr. Birla is a proprietor engaged in business of trading electronics. An excerpt from his Trading & P&L account is as follows:     Trading and P&L A/c for the year ended 31st March,2020 Particulars ₹ Particulars ₹ To Cost of goods sold To Gross Profit c/d   To Rent A/c To Office Expenses To Selling Expenses To Commission to Manager (On Net Profit before charging such commission) To Net Profit 45,00,000 D F 26,00,000 13,00,000 B 2,00,000     A G By Sales     By Gross Profit b/d By Miscellaneous Income             C   F D E           60,00,000   Commission is charged at the rate of 10%.                                                                                                                                          Selling Expenses amount to 1% of total sales. Question.No.5 9 Marks The Income and Expenditure Account of the Youth Club for the year 2020 is as follows: Expenditure ₹ Income ₹ To          Salaries To          General Expenses To          Audit Fee To          Secretary’s Honorarium To          Stationery & Printing To          Annual Dinner Expenses To          Interest & Bank Charges To          Depreciation To          Surplus    4,750 500 250 1,000 450 1,500 150 300 600   By          Subscription By          Entrance fees By          Contribution for annual dinner By          Annual Sport meet receipt             7,500 250 1,000 750             9,500 9,500   This account had been prepared after the following adjustments: ₹ Subscription outstanding at the end of 2019 Subscription received in Advance on 31st December, 2019 Subscription received in advance on 31st December , 2019 Subscription outstanding on 31st December, 2020 600 450 270 750   Salaries Outstanding at the beginning and the end of 2020 were respectively ₹ 450. General Expenses include insurance prepaid to the extent of ₹ 60. Audit fee for 2020 is as yet unpaid. During 2020 audit fee for 2019 was paid amounting to ₹ 200. The Club owned a freehold lease of ground valued at ₹ 10,000. The club had sports equipment on 1 st January, 2020 valued at ₹ 2,600. At the end of the year, after depreciation, this equipment amounted to ₹ 2,700. In 2019, the Club has raised a bank loan of ₹ 2,000. This was outstanding throughout 2020. On 31 st December, 2020 cash in hand amounted to ₹ 1,600. Required : Prepare Receipts and Payments Account.   CLICK TO DOWNLOAD

NATIONAL MANGEMENT COLLEGE – THUDUPATHY MODEL EXAMINIATION – 1 COURSE : CA INTERMEDIATE (2022-23)/GROUP 1 SUB: TAXATION     MARKS:100 MARKS TIME : 3 HOURS/7/9/2023 ANSWER THE FOLLOWING QUESTIONS. Multiple Choice Questions (Q.No 1 to 20 carries 1 mark,21 to 25 carries 2 marks) For A.Y.2023-34, Mr.Hari, a resident Indian, earns income of Rs 10 lakhs from sale of rubber manufactured from latex obtained from rubber plants grown by him in India and  Rs. 15 lakhs from sale of rubber manufactured from latex obtained from rubber manufactured from latex obtained from rubber plants grown by him in Malaysia. What  would be his business income chargeable to tax in India, assuming he has no other business? (a) Rs 3,50,000 (b) Rs 4,00,000 (c) Rs 8,75,000   (d) Rs 18,50,000 The Gupta HUF in Maharashtra comprises of Mr. Harsh Gupta, his wife Mrs. Nidhi Gupta, his son Mr. Deepak Gupta, his daughter-in-law  Mrs. Deepti Gupta, his daughter Miss Preeti Gupta and his unmarried brother Mr. Gautam Gupta. Which of the members of the HUF are eligible for coparcenary rights?                  (a) Only Mr. Harsh Gupta, Mr. Gautam Gupta and Mr. Deepak Gupta                                                                      (b) Only MR.Harsh Gupta, Mr. Gautam Gupta, Mr. Deepak Gupta and Miss Preethi Gupta                                (c) Only Mr. Harsh Gupta, Mr. Gautam Gupta, Mr.Deepak Gupta, Mrs. Nidhi Gupta and Mrs. Deepti Gupta                                                  (d) All the Members are co-parceners Aashish earns the following income during the P.Y.2022-23: Interest on U.K. Development Bonds ( 1/4thbeing received in India): Rs 4,00,000 Capital  gain on sale of a building located in India but received in Holland: Rs 6,00,000 If Aashish is a resident but not ordinarily resident in India, then what will be amount of  income chargeable to tax in India for A.Y.2023-24 ? (a) Rs 7,00,000 (b) 10,00,000 (c) 6,00,000 (d) 1,00,000 Who among the following will qualify as non-resident for the P.Y. 2O22-23? -Mr.Bob, an Italian dancer, came on visit to India to explore Indian dance on 15.09.2022 and left on 25.12.2022 For past four years, he visited India for dance competition and stayed in India for 120 days each year. -Mr. Samrt born and settled in USA,  Visits India each year for 100 days to meet his parents and grandparents, born in India in 1946, living in Delhi. His Indian income is Rs 15,20,000. -Mr.Joseph, an America scientist, left India to his home country for fixed employment there. He stayed in India for study and research in medicines from 01.01.2017 till 01.07.2022. Choose the correct answer (a) Mr. Bob and Mr.Joseph (b) Mr. Samrat   (c) Mr.Bob,Mr.Samrat and Mr.Joseph (d) None of the above Mr.Ramesh, acitizen of India, is employed in the Indian embassy in Australia. He is a non-resident for A.Y..2023-24. He received salary and allowances in Australia from the Government of India for the year ended 31.03.2023 for services rendered by him in Asutralia. In addition, he was allowed perquisites by the Government. Which of the following statements are correct?   (a) Salary, allowances and perquisites received outside India are not taxable in the hands of Mr. Ramesh, since he is non-resident                                                                                                                                                                                    (b) Salary, allowances and perquisites received outside India by since they are deemed to accrue or arise in India.  (c) Salary received by Mr. Ramesh is taxable in India but allowances and perquisites are exempt.                                (d) Salary received by Mr. Ramesh is exempt in India but allowances and perquisites are taxable. Mr. Jagat is an employee in accounts department of Bharat Ltd. A cellular company operating in the regions of eastern India. It is engaged in manufacturing of cellular devices. During F.Y. 2022-23, following transactions were undertaken by Mr. Jagat: (i) He attended a seminar on “ Perquisite Valuation” Seminar fees of Rs 12,500 was paid by Bharat Ltd. (ii) Tuition fees of Mr.Himanshu (son of Mr. Jagat) paid to private coaching classes not having any tie-up with Bharat Ltd.) was reimbursed by Bharat Ltd. Amount of fees was Rs 25,000.                                                      (iii) Ms.Sapana (daughter of Mr.Jagant) studies in DPS Public School (owened and maintained by Bharat Ltd.). Tuitio fees paid for Ms. Sapna was Rs 750 per month by Mr. Jagat. Cost of education in similar institution is Rs 5,250 per month . What shall be the amount which is chargeable to tax under the head “Salaries” in hands of Mr. Jagat for A.Y. 2023-24? (a) Rs 25,000 (b) Rs 37,500 (c) Rs 66,500 (d) 79,000 XYZ  Pvt. Ltd., provides a car (below 1.6 ltr cc) along with a driver to Mr. Sanjay, employee of XYZ Pvt. Ltd., partly for official and partly for personal purpose. The expenses incurred by the company are. Running and maintenance expenses – Rs 32,000 (a) Rs 21,600 (b) Rs 10,800 (c) 32,400 (d) 39,600 Vidya received Rs 90,000 in May,2022 towards recovery of unrealized rent, which was deducated from actual rent during the P.Y. 2020-21 for determining annual value. Legal expense incurred in relation to unrealized rent is Rs

NATIONAL MANAGEMENT COLLEGE, THUDUPATHI. CA FOUNDATION PAPER -3: BUSINESS MATHEMATICS, LOGICAL REASONING AND STATISTICS Time Allowed: ½ hour Maximum Marks: 20 1) If two regression equations X + 5y = 13 and 3x – 2y =5, then the mean value of x and y are respectively. (A) (2,3) (B) (3,2) (C) (4,5) (D) (5,4) 2) The two regression co efficient s for the following data: X 38 23 43 33 28 Y 28 23 43 38 8 Are 2 and 0.4 b) 1.6 and 0.8 c) 1.7 and 0.8 d) 1.8 and 0.3 3) The following result relate to bivariate data data (x,y): ∑ xy = 414, ∑ x = 120, ∑y = 90, ∑ y2  = 300, ∑ x2 = 600, n=30. Later or, it was known that two pairs of observation  ( 12,11) and (6,8) were wrongly taken, the correct pairs of observations being ( 10, 9) and (8, 10). The corrected value of the correlation coefficient is 752 b) 0. 768 c) 0. 846 d) 0.953 4) The two lines of regression are given by 8x+10y=25, 16x+5y=12 respectively. If the variance of x is 25, what is the standard deviation of y ? a)16 b)8 c)64 d)4 5) For y = 25, what is the estimated value of x, from the following data X          11                12       15                16         18                19       21 Y          21                15       13                12         11                10         9 a) 15 b) 13.926 c) 14.388 d) none of these 6) The lines of regression passes through the points, bearing ———— no. of points on both sides a) equal b) unequal c) zero d) none 7) If the line y=13-3x/2 is the regression equation of Y on x then byx is a) 2/3 b) -2/3 c) 3/2 d) -3/2 8) When r=0 then cov (x,y) is equal to a) +1 b) -1 c) 3/2 d) -3/2 9) If r = 0.6, then the coefficient of non- determination is a) 0.4 b) -0.6 c) 0.36 d) 0.64 10). If the sum of the squares of rank difference in the marks of 10 students in two subject is 4 then the coefficient of rank correlation is a) 0.85 b) 0.95 c) 0.75 d) 0.5 11). With usual notation, then the coefficient of concurrent deviation is a) 0.85 b) 0.65 c) -0.65 d) -0.75 12). If scatter diagram from a line move from lower left to upper right corner then correlation is. a) Perfect positive b) Perfect negative c) simple positive d)No correlation 13). Consider to regression line 3x+2y=26, 6x+y=31 find the correlation coefficient berween x and y a) 0.5 b) -0.5 c) 0.25 d) -0.25 14). If correlation coefficient between x and y is 0.5 then find the correlation coefficient between 2x-3 and 3-5y is a) 0.5 b) -0.5 c) 0.25 d) -0.25 15). The coefficient of correlation between two variables x and y is 0.38. Their covariance in 10.2. The  variance of x is 16. The standard deviation of y is a) 5.71 b) 6.71 c) 7.71 d) 8.71 16). In calculating the karl pearson’s coefficient of correlation it is necessary that the data should be of numerical measurements. The statement is. a)Valid b) not valid c) both d) none 17). The value we would predict for the dependent variable when the independent variables are all equal to zero is called: a) slope b)sum of residual c) Intercept d) Difficult to tell 18). The  coefficient of correlation is significant if: a) r≥5 P.E b) r<6 P.E c) r≥ 6 P.E d)r=6 P.E 19). The straight line graph of the linear equation Y= a+ bx, slope is horizontal if: a) b=0 b) b≠ 0 c) b=1 d)a=b 20). If a statistics professor tells his class , “ All those who got 100 on the statistics test got 20 on the mathematics test, and all those that 100 on mathematics test got 20 on the statististics test,” he is saying that the correltion between the statistics test and the mathematics test is. a) negative b) positive c) zero d) none of the above CLICK TO DOWNLOAD

NATIONAL MANAGEMENT COLLEGE – THUDUPATHY CA INTERMEDIATE (2022-2023) – MODEL EXAMINATION –I PAPER : FINANCIAL MANAGEMENT MARKS : 60 MARKS TIME :1.45 HOURS DATE : 8.9.2023 SECTION A ANSWER THE FOLLOWING QUESTIONS : (6*10=60) The following information of ASD Ltd. Relate to the year ended 31 st March, 2022: Net Profit                                                                   8% of sales                                                                                                Raw materials consumed                                       20% Cost of Goods Sold Direct wages                                                             10% of Cost of Goods Sold                                                                          Stock of Raw materials                                           3 months’ usage                                                                                              Stock of finished goods                                           6% of Cost of Goods sold                                                                    Gross Profit                                                               15% of Sales                                                                                                    Debt collection period                                             2 Months (All sales are on credit) Current ratio 2 : 1 Fixed assets to Current assets 13 : 11 Fixed assets to Sales 1 : 3 Long-term loans to Current liabilities 2 : 1 Capital to Reserves and Surplus 1 : 4 You are required to PREPARE- (a) Profit & Loss Statement of ASD Limited for the year ended 31 st March, 2022 in the following format Particulars (₹) Particulars (₹) To     Direct Materials consumed To     Direct Wages To     Works (Overhead) To     Gross Profit c/d       To     Selling and Distribution Expenses To     Net Profit       ? ? ? ? ?     ? ?     ? By Sales             By Gross Profit b/d   ?       ?     ?       ?   (b) Balance Sheet as on 31 st March, 2022 in the following format. Liabilities (₹) Assets (₹) Share Capital Reserves and Surplus Long term loans Current liabilities ? ? ? ?         ? Fixed Assets Current Assets: Stock of Raw Material Stock of Finished Goods Debtors Cash 1,30,00,000   ? ? ? ?     ?   Bounce Ltd. Evaluates all its capital projects using discounting rate of 15%. Its capital structure consists of equity share capital, retained earnings, bank term loan and debenture redeemable at par.                       Rate of interest on bank term loan is 1.5 times that of debenture. Remaining tenure of debenture and bank loan is 3 years respectively. Book value of equity share capital, retained earnings and bank loan is Rs. 1,00,000, Rs 15,00,000 and Rs 10,00,000 respectively. Debentures which are having book value of Rs. 15,00,000 are currently trading at Rs. 97 per debenture. The ongoing P/E multiple for the shares of the shares of the company stands at 5. You are required to CALCULATE the rate of interest on bank loan debentures if tax rate applicable is 25%.    ABC Limited provides you the following information:   (₹) Profit (EBIT) Less: Intt. On Debt @ 10% EBT Less: Income Tax @ 50%   No.of Equity Shares (₹ 10 each) Earnings per share (EPS) Price / EPS (P/E) Ratio Ruling Market price per share 2,80,000 40,000 2,40,000 1,20,000 1,20,000 30,000 4 10 40   The company has undistributed reserves of Rs. 7,00,000 and needs Rs. 4,00,000 further for expansion. This investment is expected to earn the same rate as funds already invested. You are informed that a debt equity (debt/debt+equity) ratio higher than 32% will push the P/E ratio down to 8 and raise the interest rate on additional borrowings (debentures) to 12%. You are required to ASCERTAIN the probable price of the share .           (i) If the additional funds are raised as debt; and (ii) If the amount is raised by issuing equity shares at ruling market price of  Rs. 40 per share . Debu  Ltd. Currently has an equity share capital of Rs. 1,30,00,000 consisting of 13,00,000 Equity shares. The company is going through a major expansion plan requiring to raise funds to the tune of Rs. 78,00,000. To finance the expansion the

NATIONAL MANAGEMENT COLLEGE – THUDUPATHY CA INTERMEDIATE (2022-2023) – MODEL EXAMINATION – I PAPER : ENTERPRISE INFORMATION SYSTEMS MARKS : 50 MARKS TIME : 3 HOURS DATE : 6.9.2023 SECTION A MULTIPLE CHOICE QUESTIONS : (15 Marks) The success of any Business Process Automation (BPA) shall only be achieved when BPA enures certain characteristics. Which of the following is not included in those characteristics? (a) Diligence (b) Integrity (c) Availability (d) Timeliness Auditor of a company finds that management policy of cash expenses limit of Rs. 5,000/- is not being adhered to. There are many violations of the same during the year. Auditor of the company shall report on same under which clause of companies Act, 2013? (a) 134(4) (b) 143(3) (c) 134(3) (d) 143 (4) (1) Pick the ODD one out. (a) Accounting Information system (b) Input (c) Output (d) Process (1) The risk management strategy that is followed by an organization in case the impact and probability of risk is very low. Which type of the risk management strategy would be followed in this case? (a) Tolerate the risk (b) Terminate the risk (c) Share the risk (d) Treat the risk. (1) When DXN Ltd. Decided to adopt automation to support its critical business processes, it exposed itself to number of risks. One risk that the automated process could lead to breakdown in internal processes, people and systemsis a type a type of (a) Operational Risk (b) Financial Risk (c) Strategic Risk (d) Compliance Risk (1) XYZ a leading publication house of Delhi was facing many issues like delay in completing the order of its customers, manual processing of data, increased lead time, inefficient business processes etc. Hence, the top management of ZYZ decided to get SAP – an ERP system implemented in the publication house. Using the proper method of vendor selection, Digisolution Pvt.Ltd. was selected to implement SAP software in XYZ publication house. To implement the software, the IT team of Digisolution Pvt. Ltd. Visited XYZ’s office number of times and met its various officials to gather and understand their requirements. With due diligence, the SAP software was customized and well implemented in the publishing house. After the SAP implementation, the overall system became integrated and well other departments. This raised a concern in the mind of few employees of XYZ worrying about their jobs’ security leading to quitting of jobs. The top management of XYZ showed its concern on this issue and wanted to retain few of its employees. 6.1 Imagine that you are core team member of Digisolution Pvt.Ltd. While customizing the Sales and Distribution Module of SAP software, you need to know the correct sequence of all the activities involved in the module Identify the correct option that reflects the correct sequence of the activities. (i) Material Delivery (ii) Billing (iii) Pre-Sales Activities (iv) Sales Order (v) Payments (v) Inventory Sourcing Choose the correct sequence from the following (a) (i) -(iii) – (ii) – (v) –(vi) (b) (ii)-(iv)-(vi)-(iii)-(i)-(v)                                                                                                                                                              (c) (iii)-(iv)-(vi)-(i)-(ii)-(v)                                                                                                                                                                (d) (iv)-(i)-(iii),(v),(ii),(vi) 6.2. In purview of above situation, which of the following control can be helpful to management of XYZ publishing house to retain its employees and stopping them to leave the compant? (a) Training can be imparted to employees by skilled consultant.                                                                                       (b) Allocation of employees task matching their skill set, fixing of compensation package.                                               (c) Management should stop the implementation of ERP                                                                                                         (d) Backup arrangement is required. (2) 6.3 The SAP software was successfully implemented by XYZ publication house after overcoming many challenges. The risk associated with “Patches and upgrades not installed and the tools being underutilized” belongs to ————- risk. (a) Technological (b) Implementation (c) People (d) Process (2) Bianc Computing Ltd. Has implemented a set of controls including those with respect to security, quality assurance and boundary controls to ensure that the development, implementation, operation and maintenance of information systems takes place in a planned and controlled manner. It has also ensured that logs are designed to record activity at the system, application, and user level.   Along  with the implementation of controls and maintenance of logs, it has approached a leading firm of IS auditors to conduct a comprehensive audit of its controls. Within the organization also, it has opened new job roles and has hired people with the required skill sets for the same. 7.1 The team of network engineers of Bianic Computing Ltd.

NATIONAL MANAGEMENT COLLEGE – THUDUPATHI COST ACCOUNTING TEST – 1 – CMA INTERMEDIATE TIME: 2 hours 15 min Maximum Marks: 75 SECTION – A (20*1=20 Marks) 1.which of the following is not an element of works overhead? 1.Sales manager’s salary                                                                                                                                                                    2. Factory repairman’s wages                                                                                                                                                     3.Product inspector’s salary                                                                                                                                                 4.Plant manager’s salary Costs which are ascertained after they have been incurred are known as                                                            (A) Sunk Costs (B) Imputed Costs (C) Historical Costs (D) Opportunity Costs Prime cost plus variable overheads is known as                                                                                                                  (A) Factory Cost (B) Marginal cost (C) Cost of production (D) Total cost In which of the following methods, issue of materials are priced atpre-determined rate?                                   (A) Specific price method (B) Standard price method (C) Inflated price method (D) Replacement price method Bin card is a record of both quantities and value                                                                                                          (A) True (B) False costs are historical costs which are incurred in the past. The main purpose of cost Accounting is                                                                                                                                          (A) to maximize profit. (B) to help in inventory valuation. (C) to help in the fixation of selling price. (D) to provide information to management for decision making. Which of the following is considered to be a normal loss of material?                                                                                (A) Loss due to accident (B) Pilferage (C) Loss due to breaking the bulk (D) Loss due to careless handling of material Which of the following items is not included in preparation of cost sheet?                                                                           (A) Purchase returns (B) Carriage inwards (C) Sales commission (D) Interest paid Bin card maintained by the costing department. (A) True (B) False Charging to a cost center those overheads that result solely for the existence of that cost center is known as (a) Allotment (b) Allocation (c) Absorption (d) Apportionment Slow moving materials have a high turnover ratio (A) True (B) False There is inverse relationship between order size and carrying costs. (A) True (B) False The sum of direct material, direct wages, direct expenses and manufacturing overheads is known  as conversion cost. (A) True (B) False In case of materials that suffers loss in weight due to evaporation etc. the issue price of the materials is inflated to cover up the losses (A) True (B) False Royalty payable based on the right to sell is treated as At the economic ordering quantity level, the following is true:                                                                                      (A) The ordering cost is minimum (B) The carrying cost is minimum (C) The ordering cost is equal to the carrying cost (D) The purchase price is minimum VED analysis is primarily used for control of Imputed costs involve actual cash outlay (A) True (B) False At EOQ total ordering cost per annum is ‘4,000. EOQ

NATIONAL MANAGEMENT COLLEGE – PERUNDURAI COST & MANAGEMENT ACCOUNTING – CA INTER GROUP-1 1ST MODULE – QUESTION PAPER TIME ALLOWED : 3Hours Maximum Marks:100 Question 1 Answer the following: (a) TSK Limited manufactures a variety of products. The annual demand for one of its products-Product ‘X’ is estimated as ₹ 1,35,000 units. Product ‘X’ is to be manufactured done in batches. Set up cost of each batch is ₹ 3,375 and inventory holding cost is ₹ 5 per unit. It is expected that demand of Product ‘X’ would be uniform throughout the year. Required: (i) Calculate the Economic Batch (EBQ) for Product ‘X’ (ii) Assuming that the company has a policy of manufacturing 7,500 units of Product ‘X’ per batch, calculate the additional cost incurred as compared to the cost incurred as per Economic Batch Quantity (EBQ) as computed in (i) above. (5 Marks) (b) PQR Limited has replaced 72 workers during the quarter ended 31st March 2022. The labour rates for the quarter are as follows: Flux method 16% Replacement method 8% Separation method 5%     You are required to ascertain: (i)      Average number of workers on roll (for the quarter),                                                                                                      (ii)     Number of workers left and discharged during the quarter,                                                                                                               (iii)    Number of workers recruited and joined during the quarter,                                                                                               (iv)    Equivalent employee turnover rates for the year. (c) A skilled worker is paid a guaranteed wage rate of ₹ 150 per hour. The standard time allowed for a job is 10 hours. He took 8 hours to complete the job. He has been paid the wages under Rowan Incentive Plan. You are required to: (i)      Calculate an effective hourly rate of earnings under Rowan Incentive Plan.                                                                                        (ii)     Calculate the time in which he should complete the job. If the worker is placed under Halsey          Incentive Scheme (50%) and he wants to maintain the same effective hourly rate of earnings. (5 Marks) (d) Journalize the following transactions assuming the cost and financial accounts are integrated Particulars Amount Direct Materials issued to production Allocation of Wages (Indirect) Factory Overheads (Under absorbed) Administrative Overheads (Under absorbed ) Deficiency found in stock of Raw material (Normal) ₹ 5,88,000 ₹ 7,50,000 ₹ 2,25,000 ₹ 1,55,000 ₹ 2,00,000 (5 Marks) Question 2  (a)       G Ltd. Manufactures leather bags for office and school purposes. The following information is related with the production of leather bags for the month of  September, 2021. (1) Leather sheets and cotton clothes are the main inputs and the estimated requirement per bag                is two meters of leather sheets and one meter of cotton cloth. 2,000 meter of leather sheets and 1,000 meter of cotton cloths are purchased at ₹ 3,20,000 and ₹ 15,000 respectively. Freight paid on purchases is ₹ 8,500. (2) Stitching and finishing need 2,000 man hours at ₹ 10 per labour hour is incurred (3) Other direct costs of ₹ 10 per labour hour is incurred. (4) G Ltd. Have 4 machines at a total cost of ₹ 22,00,000. Machines have a life of 10 years with a   scrap value of 10% of the original cost. Depreciation is charged on a straight line method. (5) The monthly cost of administration and sales office staffs are ₹ 45,000 and ₹ 72,000 respectively. G Ltd. Pays ₹ 1,20,000 per month as rent for a 2,400 sq. feel factory premises. The administrative and sales office occupies 240 sq. feet and 200 sq. feet respectively of factory space. (6) Freight paid on delivery of finished bags is ₹ 18,000. (7) During the month, 35kg of scrap (cuttings of leather and cotton) are sold at ₹ 150 per kg. (8) There are no opening and closing stocks of input materials. There is a finished stock of 100 bags in stock at the end of the month. (i) Cost of Raw Material Consumed (ii) Prime Cost (iii) Works/Factory cost (iv) Cost of Production (v) Cost of Goods Sold (vi) Cost of Sales   ( 10 Marks) (b)  PNME Ltd. manufactures two types of Masks-‘Disposable Masks’ and ‘Cloth Masks’. The cost data for the year ended 31st March, 2022 is as follows: ₹ Direct Materials Direct Wages Production Overhead 12,50,000 7,00,000 4,00,000 Total 23,50,000   It is further ascertained that: Direct Material cost per unit of Cloth Mask was twice as much of Direct material cost per unit of Disposable Mask. Direct wages per unit for Disposable Mask were 60% of those for Cloth Mask. Production overhead per unit was at same rate for both the types of the masks. Selling cost was ₹ 2 per Cloth Mask. Selling price was ₹ 35 per unit of cloth Mask No of units of Cloth Masks sold – 45,000 of units of Production of Cloth Masks: 50,000 Disposable Masks:            1,50,000 You are required to prepare a cost sheet for  Cloth Masks showing: (i)       Cost per unit and Total Cost. (ii)      Profit per unit and Total Profit. (10 Marks) Question No 3 Beta Limited produces 50,000 Units,45,000 Units and 62,000 Units of product ‘A’, ‘B’ and ‘C’ respectively. At present the company follows absorption costing method and absorbs overhead on the basis of direct labour hours. Now, the company wants to adopt Activity Based Costing The information provided by Beta Limited is follows:   Product A Product B Product C Floor Space Occupied Direct Labour Hours Direct Machine Hours Power consumption 5,000 Sq.Ft. 7,500 Hours 6,000 Hours 32% 4,500 Sq.Ft. 7,200 Hours 4,500 Hours 28% 6,200 Sq.Ft. 7,800 Hours 4,650 Hours 40%   Overhead for year are as follows:       ₹ Rent & Taxes 8,63,500 Electricity Expenses              10,66,475 Indirect labour              13,16,250 Repair & Maintenance                1,28,775 33,75,000 Required: (i)     Calculate the overhead rate per labour hour under Absorption Costing (ii)    Prepare a cost statement showing overhead cost per unit for each product – ‘A’, ‘B’ and ‘C’ As per Activity based Costing. (5 Marks) (b) In a manufacturing company, the overhead is recovered as follows: Factory Overheads: a fixed percentage basis on direct wages and Administrative overheads: a fixed percentage basis on factory cost. The company

NATIONAL MANAGEMENT COLLEGE – THUDUPATHY CA INTERMEDIATE (2022-2023) – MODEL EXAMINATION – I PAPER : FINANCIAL MANAGEMENT MARKS: 60 MARKS      TIME: 1.45 HOURS ANSWER THE FOLLOWING QUESTIONS:( 6*10=60 Marks) : The following information of ASD Ltd. relate to the year ended 31 st March, 2022 Net profit                                                  8% of sales Raw materials consumed                      20% of cost of Goods Sold Direct wages                                             10% of cost of Goods Sold Stock of raw materials                            3 moths’ usage Stock of finished goods                          6% of cost of Goods Sold Gross profit                                              15% of sales Debt collection period                           2 Moths (All sales are on credit) Current ratio Fixed assets to Current assets                   2 : 1 Fixed assets to Sales                                   13:11 Fixed assets to sales                                   1:3 Long-term loans to Current liabilities    2:1 Capital to Reserves and Surplus              1:4 You are required to PREPARE- Profit & Loss statement of ASD Limited for the year ended 31stMarch, 2022 in the following format Particulars                                      (₹)                                 Particulars                              (₹) To Direct Materials consumed         ?                                   By Sales                                          ? To Direct Wages                                  ? To Works (Overhead)                        ? ?                                                                                             ? To Selling and Distribution Expenses     ?                          By Gross profit b/d                      ? To Net profit                                       ? ?                                                                                              ?   (b)Balance Sheet as on 31st March, 2022 in the following format. Liabilities                             (₹)                               Assets                                    ( ₹) Share Capital                            ?                                  Fixed Assets:                        1,30,00,00 Reserves and surplus             ?                                   Current Assts: Stock of Raw Materials                 ? Long term loans                     ?                                   Stock of Finished Goods ? Current liabilities                   ?                                   Debtors                                            ? Cash                                          ? ?                                                                                              ?   Bounce Ltd. Evaluates all its capital projects using discounting rate of 15% . Its capital structure consists of equity share capital, retained earnings, bank term loan and debenture and bank loan is 3 years and 5 years respectively. Book value of equity share capital, retained earnings and bank loan is Rs. 10,00,000, Rs. 15,00,000 and Rs. 10,00,000 respectively. Debentures which are having book value of Rs. 15,00,000 are currently trading at Rs. 97 per debenture. The ongoing P/E multiple for the shares of the company stands at . You are required to CALCULATE the rate of interest on bank loan

Corporate law test-1 Date:12-09-2023 National management college-Perundurai CA-Intermediate Batch 2023-24 Gr-1 Paper 2:Corporate and other laws Time allowed: 50Minutes Choose the most suitable answers Roma along with her six friends has incorporated Roma Trading Ltd. In May 2019. The paid-up share capital of the company is ’30 lacs. Further, in April 2020, she noticed that in the last financial year; the turnover of the company was well below ’20 crores. Advise whether the company can be treated as a’ small company’. (a) Roma Trading Ltd. Is definitely a ‘small company’ since its paid-up capital is much below ‘ 2 crores and also its turnover has not exceeded the threshold limit of 20 crores. (b) The concept of ‘small company’ is applicable only in case of a private limited company/OPC and therefore, despite meeting the criteria of ‘small company ‘ it being a public limited company it cannot enjoy benefits of ‘small company,. (c) Unlike a private limited company/OPC which automatically becomes s ‘small company’ as soon as it meets the criteria of ‘small company’ Roma Trading Ltd. Being a public limited company has to maintain the norms applicable to a ‘small company’ continuously for two years so that, thereafter, it will be treated as a ‘small company’. (d) If all the shareholders of Roma Trading Ltd. Give an undertaking to the ROC stating that they will not let the paid-up share capital and also turnover exceed the limits applicable to a ‘small company’ in the next two years. Then it can be treated as a ‘small company’. Abhilasha and Amirta have incorporated a ‘not for profit’ private limited company which is registered under Section 8 of the Companies Act,2013. One of their friends has informed them that company can be categorized as a ‘small company’ because as per the last profit and loss account for the year ending 31stMarch, 2019, its turnover was less than ’20 crores and its paid up share capital was less than ‘2 crores. Advise, (a) A section 8 company, which meets the criteria of ‘turnover’ and paid-up share capital’ in the last financial year, can avail the status of ‘small company’ only if it acquires at least 5% stake in another ‘small company’ within the immediately following financial year. (b) If the acquisition of minimum 5% stake in another ‘small company’ materializes in the second financial year (and not in the immediately following financial year) after meeting the criteria of ‘turnover’ and ‘paid-up share capital’ then with the written permission of concerned ROC, it can acquire the status of ‘small company’. (c) The status of ‘small company’ cannot be bestowed upon a ‘not for profit’ company which is registered under Section 8 of the Companies Act, 2013. (d) A section 8 company, if incorporated as a private limited company(and not as public limited company) can avail the status of ‘small company’ with the permission of concerned ROC, after it meets the criteria of ‘turnover, and ‘paid-up share capita’. Anupam incorporated a ‘One Person Company’ (OPC) with his sister Alpana as the nominee and about three years have passed satisfactorily. Anupam does a number of charitable works and is associated with three NGOS. His business under his OPC has also flourished. Now he is planning to convert the OPC into a Section 8 company (i.e. a company formed with charitable objects). Choose the correct option. (a)Since the company belongs to Anupam, he has full discretion to convert the OPC either as a Section 8 company or as a private or public company                                                                                                                                                                 (b) Since the company was formed as a private company, the only option available with Anupam is to convert it into a public limited company.                                                                                                                                                                            (c) There is specific prohibition on converting OPC into a Section 8 company; otherwise it can be converted into a private or public company without any hindrance. (d) Since Anupam does a lot of charitable works there is no prohibition on converting his OPC into a section 8 company. Under the Companies Act,2013, ‘’Significant influence’’ constitutes how much % of total share capital or of business decisions under an agreement? (a) At least 2% (b) At least 2.5% (c) At least 10% (d) At least 20% A Private Company which is subsidiary of a Public Company is treated as- (a) Public Company (b) Private Company (c) Holding Company (d) Dormant Company Which one of the following is not the content of the Memorandum of Association? (a) Name clause (b) Registered office clause (c) Object clause (d) Board of Directors clause An Act is said  to be ultra vires a company when it is beyond the powers. (a) Of the Company (b) Of the Directors (c) Of the Directors but not the company                                                                            (d) Conferred on the company by the Articles of Association. Turquand Rule is related to: (a) Doctrine of ultra vires (b) Doctrine of constructive notice                                                                                           (c) Doctrine of indoor management (d) None of the above The minimum number of members in a private company and public company are (a)Three and seven respectively   (b) Two and seven respectively (c) Two and nine respectively  (d) None of the above Only a natural person who is an Indian citizen and who has stayed in India for a period of at least ———– days during the immediately preceding financial year shall be eligible to incorporate an OPC. (a) 180 days (b) 181 days (c) 120 days (d) 183 days XYZ Limited is having 15% share capital held by X Limited and 50% held by Central Government and 10% held by state Government and 25% held by other people then that company will be ——— (a) Government Company (b) Private Company  (c) Public Company (d) Dormant company The Doctrine of indoor management is a protection that is available to: (a) Shareholders (b) Outsiders who deal with the company        (c)Board of Directors (d)  Creditors The doctrine which advocates the fact that company cannot act beyond the scope of its memorandum of association is: (a) Doctrine of constructive notice (b) Doctrine of

National Management College – Perundurai CA –Intermediate Batch: 2022- 2023 Gr: I Paper 2: Corporate and other laws Maximum marks:100                                                                                         Time allowed:3hrs Division A is compulsory In Division B, Question No.1 is compulsory Attempt any Three questions out of the remaining Four question Division A (30Marks) 15*2 Case Scenario-I The aggregated value of the paid-up share capital of Sai Ram Limited, a listed company, was ₹ 200 crore divided into 20 crore equity shares of ₹ 10/- each at the end of the financial year 2021-22 having its registered office at Pune. This company had been registered with an authorized share capital of ₹ 300 crore divided into 30 crore equity shares of ₹10/- each. The company has very good requtation in compliance of all legal requirements on time. The company produces health related products such as ayurvedic medicines, medical instruments, sanitizers, masks, medical soaps etc. The extract of Balance sheet of the company as on 31st March, 2022 showed the following figures- Particulars Amount(₹ in crore ) Free reserves created out of profit 200 Securities Premium account 80 Credit balance of Profit & Loss account 50 Reserves created out of revaluation of assets 25 Miscellaneous expenditure not written off 10   Turnover of the company during  the financial year 2021-22 was ₹700 crore and the net profit calculated in accordance with section 198 of the companies Act,2013 with other adjustments as per CSR Rules was ₹ 4 crore only. The Board of Directors of the company constituted of the following persons as directors- a Chartered Accountant ‘Sai Ram’ as the Managing Director, ‘Roshan’ and ‘Prachita’ as independent directors, ‘ Hari Om’, ‘Bindu’, ‘Reddy’ and ‘Komal’, Prakash, Chief compliance officer  of the company informed the Board on 20th April, 2022 that the company attracts the provisions of section 135 of the Companies Act, 2013 and all the formalities have to be complied with accordingly. Thereafter, on 30th April, 2022 a CSR committee was formed to act and comply the provisions of corporate Social Responsibility. The company proposed a list of activities to activities to spend 4% of the average net profit of the company made during the three immediately preceding financial years in pursuance of its CSR Policy as under- The CSR projects for the benefit of employees of the  company and their families only. A contribution of’ ’10,000/- to a political party under section 182 of the Companies Act,2013 A contribution to the PM CARES fund during Covid pandemic. Local activities like promotion of child and women education. Activities carried out for fulfillment of any other statutory obligations under any law in force in India CSR projects undertaken through a Section 8 company. On the basis of above facts and by applying applicable provisions of companies Act, 2013  and the applicable Rules therein, choose the correct the answer. Prakash, Chief compliance officer of the company informed the Board on  20thApril, 2022 that the company attracts the provisions of section 135 of the Companies  Act, 2013. On what basis of the following he arrived at this conclusion- On the basis of turnover of the company. On the basis of turnover and net profit of the company taken together. On the basis of net Worth of the company. On the basis of net worth and turnover of the company taken together. For the purpose of section 135 of the Companies Act,2013, the net worth has to calculated as defined under section 2 (57) of the Act. In this context, which of the following statements is correct with reference to the above case- The net worth of Sai Ram Limited during the financial year 2021-2022 was ‘520 crore. The net worth of Sai Ram Limited during the financial year 2021-2022 was ‘530 crore. The net worth of Sai Ram Limited during the financial year 2021-2022 was ‘555 crore. The net worth of Sai Ram Limited during the financial year 2021-2022 was ‘620 crore. Sai Ram Limited constituted a Corporate Social Responsibility Committee as per the provisions of the Act and Companies (Corporate Social Responsibility Policy) Rules, 2014, therein consisting of- Sai Ram, Hari Om, Bindu and Reddy Hari Om, Bindu Reddy and Prakash Sai Ram, Hari Om Bindu and Prakash Sai Ram, Hari Om, Bindu and Roshan The Annual General Meeting of Yellow Limited was held on 25thJune 2022. According to the provisions of Companies Act, 2013, till what date the company should submit report on AGM to the register? 06.2022 (b) 10.07.2022(c) 24.07.2022(d)25.07.2022 K Limited decides to raise deposits of ’10.00 lakh from its members. However, it proposes to secure such deposits partially by offering a security worth ‘5.00 lakh. Which of the following options best describe such deposits: Fully secured deposits deposits (except a small portion)     (b) Unsecured deposits c)Partially secured deposits             (d) These cannot be classified as deposits 6.The Best Dry fruits Ltd was incorporated under the Companies Act, 1913. Whether provisions of the Companies Act, 2013 shall apply on it: (a) No, the provisions of the Companies Act, 2013 shall not apply on it. (b) Yes, the provisions of the Companies Act, 2013 shall not apply on it. (c) The Companies Act, 1913 was enacted by the Brities Government, hence only an Act made by British Government shall apply on such company. (d) Since, this company was incorporated by the British Government, hence the Companies Act of UK Govt shall apply A Ltd. Is holding 61% shares in B Ltd. Holds 51%  in C Ltd. State which is the correct statement here: C Ltd. Is the holding company to A Ltd. C Ltd. Is the holding company to B Ltd. B Ltd. Is the Subsidiary to C Ltd. Both B Ltd. And C Ltd. Are subsidiary to A Lt. 8.The financial statement in relation to a dormant company may not include: (a) balance sheet (b) cash flow statement (c) applicable explanatory note (d) profit and loss account  Case scenario-II. Jai and Veenu, two friends, formed a private limited company as Basanti Taanga Private Limited and got it registered on 10th January,

NATIONAL MANAGEMENT COLLEGE – THUDUPATHI CA FOUNDATION PAPER – 3:  BUSINESS MATHEMATICS, LOGICAL REASONING AND STATISTICS Time Allowed : 2 hour Maximum Marks : 100 1.The difference between upper limit of a class is called: (a) Class interval (b) Class boundaries (c) Mid-value (d) Frequency Find median from the following data: Marks : 0-10 10-30 30-60 60-80 80-90 No.of students: (a) 8 (b) 30 (c) 40 (d) 45 Find the mode from the following data: Class : 3-6 6-9 9-12 12-15   15-18       18-21 Frequency : 2 5 10 23 21 12 3 (a)23 (b) 13.3 (c) 12.6 (d) 14.6 4.The marks obtained by 10 students in an examination were as follows: 60,65,68,70,75,73,80,70,83,86. Find mean deviation about the mean (a) 5.3 (b) 5.4 (c) 5.5 (d) 5.6 The arithmetic mean of two numbers is 30 and geometric mean is 24 find the two number (a) 12 and 48   (b) 14 and 46 (c) 10 and 50 (d) 16 and 44 Sum of the squares of deviations is minimum when deviations are taken from (a) Mean (b) Median (c) Mode (d) An arbitrary value Find the mean deviation about mean of 4,5,6,8,3 (a) 5.20 (b) 7.20 (c) 1.44 (d) 2.33 The mean and coefficient of variance is 20 and 80 find the value of variance (a) 16 (b) 256 (c) 36 (d) 2.33 Find SD of 1,2,3,4,5,6,7,8,9 (a) The standard deviation for the set of numbers 1,4,5,7,8, is 2.45 nearly. If 0 is added to each number then new standard deviations is (a) 24,45 (b) 12.45 (c) 2. 45 (d)0.245 For a given distribution the arithmetic mean is 15 and the standard deviation is 9 then the coefficient of variation is equal to (a) The mean of a distribution is 14 and the standard deviation is 5. What is the value of the coefficient of variation? (a) 60.4% (b) 70% (c) 35.7% (d) 27.8% Which measure of dispersion is most useful? (a) Standard deviation (b) Quartile deviation (c) Mean deviation (d)Range The range of 15,12,10,9,17,20 is (a) 5 (b) 12 (c) 13 (d) 11 The coefficient of mean deviation about mean for the first 9 natural numbers is (a) 200/9 (b) 80 (c) 400/9 (d) 50 If X and Y are related by y = 2X+5 and the SD and AM of X are known to be 5 and 10 respectively, then the coefficient of variation is (a) 25 (b) 30 (c) 40 (d) 20 G.M is defined only when (a) All observations have the same sign and none is zero                                                                                   (b) All observations have the different sign and none is zero                                                                    (c) All observations have the same sign and one is zero                                                                                       (d) All observations have the different     sign and one is zero The middle most value of a set of observations is (a) Median (b) Mode (c) Mean (d) None 10thpercentile is equal to (a) 1st decile (b) 10th decile (c) 9th decile (d) None Coefficient of variation is (a) absolute measure (b) relative measure (c) both (d) None If mean=5, Standard deviation=2.6 then the coefficient of variation is (a) 49 (b) 51 (c) 50 (d) 52 If  the variance of given data is 12, and their mean value is 40, what is coefficient of variation (CV)? (a) 5.66% (b) 6.66% (c) 7.50% (d) 8.65% Heightincms : 60-62 63-65 66-68 69-71 72-74 No. of students: 15 118 142 127 18 Model group is (a) 66-68 (b) 69-71 (c) 63-65 (d) none If Y = 5x – 20 and x = 30 then the value of yis (a)130 (b)140 (c) 30 (d) none (Q3 – Q1) / (Q3 + Q1) is (a) coefficient of Quartile Deviation (b) coefficient of Mean Deviation                                                              (c) coefficient of standard of deviation (d) none If the sum of square of the value equals to 3390, Number of observation are 30 and standard deviation is 7, what is the mean value of the above observation? (a) 14 (b) 11 (c) 8 (d) 5 27.Data are said to be                        if the investigator himself is responsible for the collection of the data. (a) Primary data (b) Secondary Data (c) Mixed of primary and secondary data                                                           (d) None of the above Class : 0-10 10-20 20-30 30-40 40-50 Frequency : 4 6 20 8 3 For the class 20-30, cumulative frequency is (a)26 (b) 10 (c) 41 (d) 30 If the mean of the following distribution is 6 then the value of P is X: 2 4 6 10 P + 5                                                                                                                                                   F: 3 2 3 1 2 (a) 7 (b) 5 (c) 12 (d) 24 If the range of a set of values is 65 and maximum value in the set is 83, then the minimum value in the set is (a) 74 (b) 9 (c) 18 (d) None of the above The Algebraic sum of the deviation of a set of values from their arithmetic mean is (a) >0 (b) =0 (c) ≤ 0 (d) None of the above If total frequencies of three series are 50,60 and 90 and their means are 12,15 and 20 respectively, then the mean of their composite series is (a) 15.5 (b) 16 (c) 14.5 (d) 16.5 The number of times a particular items occurs in a class interval is called its (a) Mean (b) Cumulative frequency (c) frequency (d) None of the above For a moderately skewed distribution, which of the following relationship holds? (a) Mean – Mode= 3 (Mean-Median) (b) Median – Mode=3 (Mean-Median)                                                              (c) Mean – Median= 3 (Mean – Mode) (d) Mean- Median= 3 (Median-Mode) If there are two groups containing 30 and 20 observations and having 50 and 60 as arithmetic means, then the combined arithmetic mean is (a) 55 (b) 56 (c) 54 (d) 52 The average salary of a group of unskilled workers is ’10,000 and that of a group of skilled workers is ‘ 15,000. If the combined salary is ‘ 12,000, then what is the percentage of unskilled workers? (a) 40% (b) 50% (c) 60% (d) none of these The positive

NATIONAL MANAGEMENT COLLEGE,THUDUPATHI. CA FOUNDATIO PAPER-3: BUSINESS MATHEMATICS, LOGICAL REASONING AND STATISTICS TEST 2 Time Allowed:1/2 hours Maximum Marks: 20 1) If two regression equations x + 5y = 13 and 3x – 2y =5, then the mean values of x and y are respectively. (A) (2,3) (B) (3,2) (C) (4,5) (D) (5,4) 2) The two regression co efficient s for the following data: X 38 23 43 33 28 Y 28 23 43 38 8 Are a)1.2 and 0.4 b)1.6 and 0.8 c)1.7 and 0.8 d) 1.8 and 0.3 3) The following results relate to bivariate data on (x,y): ∑xy = 414, ∑x = 120, ∑y = 90, ∑y2 = 300, ∑x2 = 600, n = 30. Later or, it was known that two pairs of observation (12,11) and (6,8) were wrongly taken, the correct pairs of observations being ( 10,9 ) and ( 8,10). The corrected value of the correlation coefficient is a) 0.752 b) 0.768 c) 0.846 d) 0.953 4) The two lines of regression are given by 8x+10y=25, 16x+5y = 12 respectively. If the variance of x is 25, what is the standard deviation of y ? a) 16 b)8 c)64 d)4 5)For y = 25, what is the estimated value of x, from the following data X 11 12 15 16 18 19 21 Y 21 15 13 12 11 10 9   a) 15 b) 13.926 c) 14.388 d) none of these 6) The lines of regression passes through the points, bearing ———– no. of points on both sides a) equal b)unequal c) zero d) none 7) If the line y = 13-3x/2 is the regression equation of y on x then byx is a) 2/3 b)-2/3 c) 3/2 d) -3/2 8) when r=0 then cov (x,y) is equal to a) +1 b) -1 c)0 d) none 9) If r = 0.6, then the confficient of non-determination is a)0.4 b) -0.6 c) 0.36 d) 0.64 10) If the sum of the squares of rank difference in the marks of 10 students in two subject is 4, then the coefficient of rank correlation is a) 0.85 b) 0.95 c) 0.75 d) 0.5 11) With usual notation, then the coefficient of concurrent deviation is a) 0.75 b) 0.65 c) -0.65 d) -0.75 12) If scatter diagram from a line move from lower left to upper right corner then the correlation is. a) Perfect positive b) Perfect negative  c)Simple positive d) No correlation 13) Consider to regression line 3x+2y=26, 6x+y=31 find the correlation coefficient between x and y a) 0.5 b) -0.5 c) 0.25 d)-0.25 14) If correlation coefficient between x and y is 0.5 then find the correlation coefficient between 2x – 3 and 3 – 5y is a) 0.5 b) -0.5   c) 2.5 d) -2.5 15) The coefficient of correlation between two variables x and y is 0.38, Their convariance is. 10.2. The variance of X is 16. The Standard deviation of Y is a) 5.71 b) 6.71 c) 7.71 d) 8.71 16) In calculating the Karl Pearson’s coefficient of correlation it is necessary that the data should be of numerical measurements. The statement is a) valid b) not valid c) both d) none 17)The value we would predict for the dependent variable when the independent variables are all equal to zero is called: a) Slope b) Sum of residual                          c) Intercept      d) Difficult to tell 18) The coefficient of correlation is significant if: a)r ≥ P.E b) r<6 P.E c) r ≥6 P.E d)r =6 P.E 19) The straight line graph of the linear equation Y = a + bx,slope is horizontal if: a) b = 0 b) b ≠ 0 c) b= 1 d) a = b 20) If a statistics professor tells his class, “ All those who got 100 on the statistics test got 20 on the mathematics test, and all those that got 100 on mathematics test got 20 on the statistics test”, he is saying that the correltion between the statistics test and the mathematics test is a) negative b) positive c) zero d) none of the above CLICK TO DOWNLOAD

NATIONAL MANAGEMENT COLLEGE – PERUNDURAI CA-FOUNDATION – BUSINESS ECONOMICS & BCK CHAPTER WISE TEST – 3 Max. Time: 35 minutes Total Marks : 30 Answer all the question The supply function is given as Q = -100 + 10 P. Find the elasticity using point method, when price is Rs. 15. (a) 4 (b) -3 (c) -5 (d) 3 Elasticity of supply is greater than one when . (a) Proportionate change in quantity supplied is more than the proportionate change in price. (b) Proportionate change in price is greater than the proportionate change in quantity supplied. (c) Change in price and quantity supplied are equal. (d) None of the above. A horizontal supply curve parallel to the quantity axis implies that the elasticity of supply is:                                         (a)   Zero              (b)   Infinite      (c)   Equal to one      (d) Greater than zero but less than one. Perishable commodities will have (a) Perfectly elastic curve                                     (b) Perfectly inelastic curve                                                                    (c) Elastic                                                                 (d) Inelastic The price of Commodity X in- creased from Rs. 2,000 per unit to Rs. 2,100 per unit and consequenty the quantity supplied rises from 2,500 units to 3,000 units.. The Elasticity of supply will be                                                                                        (a)  2                        (b) 4                       (c) .25                   (d) 0 Which of the following statements is correct?                                                                                                                       (a)  2                   (b) 4              (c) .25                    (d) 0 The elasticity of supply is defined as the (a) Responsiveness of the quantity supplied of a good to a change in its price. (b) Responsiveness of the quantity supplied of a good without change in its price                                               (c) Responsiveness of the quantity demanded of a good to a change in its price.                                                    (d) Responsiveness of the quantity demanded of a good without change in its price When the supply curve shifts to the left or right, it is called as or in supply, respectively.                                    (a) Decrease, Decrease             (b) Decreases, Increase       (c) Increase, Increase                 (d)  Increase, Decrease When supply curve moves to  right, it means (a) Supply increases.                                    (b) Supply decreases.                     (c) Supply remains constant                        (d) None of the above Movements on the supply curve may be due to:                                                                                                                       (a) Change in price of goods                      (b) Change in price of related goods                                                       (c) Change in technology                            (d) None of the above A. The is a graphical presentation of the (a) Supply Curve, Demand Schedule              (b) Supply Curve, Supply Schedule       (c) Demand Curve, Supply Schedule               (d) None of these. In the book market, the supply of books will decrease if any of the following occurs except   (a) decrease in the the                                                                                                                                                        (a)                                       (a) A decrease in the number of book publishers.               (b) A decrease in the price of the book                       (c) An increase in the future expected price of the book.  (d) An increase in the price of paper used. If the demand is more than supply, then the pressure on price will be:                                                                               (a) Upward         (b)  Downward            (c) Constant               (d) None of the above Under conditions, Supply will be more than that under (a) Competitive, Monopolized                      (b) Monopolized, Competitive          (c) Monopolized, Oligopoly            (d) Duopoly, Monopolized Which of the following statement is correct?       (a) Supply is inversely related to its cost of Production          (b) Price and quantity demand of a goods have direct relationship                                                                            (c) Taxes and subsidy has no impact on the supply of the product                                                                               (d) Seasonal changes have no impact on the supply of the commodity In a very short period, the supply:                                                                                                                                                             (a) Can be changed                            (b) Cannot be changed                                                                                      (c) Can be increased                          (d) None of the above Supply is a concept.                                                                                                                                                             (a) Flow                 (b) Stock                  (c) Flow and stock, both                (d) Qualitative The supply of a good refers to:                                                                                                                                                    (a) Actual production of the good.               (b) Total existing stock of the good                                                                            (c) Stock available for

National Management College – Perundurai CA-Intermediate Batch: 2022-2023 Group: II Paper 6: Auditing and assurance Maximum marks: 100         Time allowed: 3hrs Division A is compulsory In Division B, Questions No.1 is compulsory Attempt any 4 questions out of the remaining 5 questions Division A (30Marks) 15*2 RM & Associates have been appointed as Auditors of Tech blocks consulting Ltd. For the year 2021-22. CA R and CA M were the Engagement partners. Para 2 The  firm has freshly appointed 2 Article clerks who had no practical knowledge in the area of auditing. They had to work to tight hard-headed factual issues and were baffling to understand the various terms and their objectives in the field of Auditing. Para 2 To make sure that the article clerk do not misplace or mis-handle the working papers, CA M also described  the relevance of audit file and clarified that working papers are the property of auditor. Such audit file should be preserved for a period of seven years. Para 3 CA R while scrutinizing Books of Accounts suspected some fictitious sales as a result of which he anticipated inflated Debtors. Management was reluctant to give the details. As CA R could not gather more evidence from the management, he sought to obtain details from the management, he sought to obtain details from the third party. Para 4 On further perusal of Opening Balances, it is essential to perceive that Accounting policies have been consistently applied in the current period’s financial statements and whether any changes have been Properly accounted for and disclosed. CA M assigned this duty to his article clerk. The Article clerk explained to CA M about how he had observed that accounting policies were not consistently applied in relation to opening balances in accordance with the financial reporting framework or a change is not properly accounted or not adequately disclosed. Para 5 Subsequently, the auditors gathered from the management that there was a fire in the factory premises after the Balance Sheet date, as a result of which the company suffered loss of Inventories. It did not provided any conditions on the Balance sheet date. SA 560 deal with such type of transactions. 1. The Auditor explained his Audit team the purpose of Audit Documentation. Which of the following is incorrect with respect to the purpose of Audit Documentation? (a) It enables the conduct of quality control reviews and inspections in accordance with SQC-1.        (b) It helps in preparation of Financial Statements.                                                                                               (c) It retains a record of matters of continuing significance to future audits.                                              (d) It enables the conduct of external inspections in accordance with applicable legal, regulatory or other requirements. An auditor strictly ensured that the audit team should document/ assemble all the working papers in Audit file. The completion of assembling the Audit File is an administrative process and should be done In. (a) It should be within 30 days from the date of Audit Report.                                                                                                (b) It should be within 60 days from the completion of Audit                                                                                                  (c) It should not be more than 60 days after the date of Audit Report.                                                                                  (d) It should be before 90 days from the completion of Audit. 3. With reference to Para 3 of Case Scenario, this is a case of obtaining External Confirmation by the Auditor. Which of the following is inappropriate with regard to external Confirmation?                                                                    (a) External Confirmations are restricted to Account balances only.                                                                                             (b) It is also used in a case to obtain Audit evidence about the absence of certain conditions say, Side Agreement. (c) It can be also effective in obtaining Audit evidence about verification of Inventories held by third parties at bonded ware houses for processing or on consignment.                                                                                          (d) External Confirmation is also functional in case of Investments held for safekeeping by third parties, or purchased from stockbrokers but not delivered at the Balance Sheet date. With reference to para 4, in such a situation CA M shall express a (a) A Disclaimer Opinion (b) A qualified opinion (c) A qualified opinion or an adverse opinion in accordance with SA 70 (d) An unmodified opinion. Respect to subject matter mentioned in Para 5, what procedures should Auditor perform to identify such events? Statement 1: Obtain an understanding of any procedures management has established as well as Inquiry with Management and those charged with governance procedures for identification of such subsequent events. Statement 2: Inspection of Minutes of the meeting of the entity’s owners, management and those charged with Governance that have been held after the date of the financial Statements and inquiring about the matters Discussed at any such meetings for which minutes are not yet available. Statement 3: The Auditor should not read the entity’s least subsequent interim financial statements; if any. (a)

NATIONAL MANAGEMENT COLLEGE – PERUNDURAI ADVANCED ACCOUNTING Question No 1 is compulsory Answer any 5 question from the remaining 6 questions. DATE: 01.09.2023 TOTAL MARK : 100 TIME : 3Hrs Question No 1 A)Give two examples on each of the following items (i) Change in Accounting Estimate                                                                                                                                                  (ii) Extra Ordinary Items (iii) Prior Period Items B)PNA Corp Limited has outstanding equity shares of 60,00,000 on 31-03-2020.  It also has 13% 1,00,000 convertible debentures outstanding of Rs.100 each, to be converted into 10 equity shares each. Tax rate is 40%. Net profit after tax for the year ended 31 March, 2020 is Rs.1,70,00,000 You are required to calculate, (1) Basic EPS (2)Prior Period Items C) Annual lease rent = Rs, 40,000 at the end of the year. Lease period = 5 years Guaranteed residual value = Rs. 14,000 Fair value at the inception (beginning) of lease = Rs. 1,50,000 Interest rate implicit on lease is 12.6%. The present value factors at 12.6% are 0.89, 0.79, 0.7,0.622,0.552 at the end of first, second, third, fourth and fifth year respectively. Show the Journal entry to record the asset taken on finance lease in the books of the lessee. D)i) In X Co. Ltd, theft of cash of Rs.5 lakhs by the cashier in January, 2007 was detected only in May, 2007. The accounts of the company were not yet approved by the Board of Directors of the company. Whether the theft of cash has to be adjusted in the accounts of the company for the year ended 31.03.2007, Decide ii) An earthquake destroyed a major warehouse of ACO Lid on 20.5.2009. The accounting year of the company ended on 31.3.2009. The accounts were approved on 30.6.2009. The loss from earthquake is estimated at Rs. 30 lakhs. State with reason, whether the loss due to earthquake is an adjusting or non adjusting event and how the fact of loss is to be disclosed by the company? QUESTION NO 2 P.Q and R are sharing profits and losses in the ratio 5:3:2 Due to finding of frauds committed by R during the year, it was decided to dissolve the partnership on 31st March,2020 As on 31st March, 2020 As on 31st March, 2020 their Balance Sheet was as under: Liabilites Amount (₹) Assets Amount (₹) Partner’s P Q R General reserve Trade creditors Bills payable Mrs. Q’s loan   Total   4,50,000 4,50,000 – 1,20,000 2,35,000 1,00,000 1,75,000   15,30,000 Plant & Machinery Stock Investments Debtors Cash R’s Capital       Total 6,00,000 4,27,500 1,45,000 2,10,000 72,500 75,000       15,30,000 Additional information are given as under: (i) During the year R sold Investment costing of Rs.45,000 at Rs. 56,000 and the said funds were transferred to his personal account. This transaction was not recorded in the firm’s books. (ii)A cheque for Rs. 30,000 was received from debtor, not recorded in the books and was misappropriated by R. (iii) A Trade creditor agreed to takeover stock of the book value of Rs.25,000 at Rs. 26,500. The rest of the Trade creditors were paid off at a discount of 2% (iv)  The bills payable were settled at a discount of 2% (v) The expenses of dissolution amounted to Rs. 15,900 (vi) The other assets realized were as follows Plant & Machinery: 5% above the book value Stock: Rest of the stock realized at a loss of Rs.15,000 Investments Rest of investments were sold at a profit of Rs. 5,600 Debtors: Rest of the debtors were realized at a discount of 12% vii) Q agreed to takeover loan of Mrs Q of Rs. 1,75,000 viii) The realizable value of R’s private assets would only be Rs. 20,000. Applying the principles laid down in Gamer vis. Murray, prepare Realization Account, cash Account and Partner’s Capital Accounts. 10Marks Question No 3 (a) PAY Limited furnishes you with the following summarized Balance Sheet as at 31st March,2020: (₹ in Lakhs) Liabilities Share Capital Authorised Issued: 11% Redeemable preference shares of ₹ 100 each fully paid Equity shares of ₹ 10 each fully paid Reserves and surplus: Capital reserve Securities premium 1 To be read as’105 lakhs. Revenue reserves Profit and loss account Current liabilities and provisions     Assets Fixed assets: cost Less: Accumulated depreciation Non-current investments at cost (Market value ₹ 400 lakhs Current assets           125 175   35 155   460 50         100 (90)         300     300           650 50 1000     10 200 790 1000   (i)        The company redeemed preference shares at a premium of 4% on 1st April,2020.                                                  (ii)       It also bought back 2.5 lakhs equity shares of Rs. 10 each at Rs.40 per share. The payments for the       above were made out of the blank balances, which appeared as a part of current assets. You are asked to: (1) Pass journal entries to record the above. (2) Prepare balance sheet as at 01.04.2020 Question No 3 (b) (10 Mark) B and S are partners of S & Co. sharing profits and losses in the ratio of 3:1 S and T are partners of T & Co.      sharing profits and losses in the ratio of 2:1 On 31st October, 20X1, they decided to amalgamate and form a new firm M/s. BST & Co. wherein B,S, and T would be partners sharing profits and losses in the ratio of 3:2:1. Their balance

NATIONAL MANAGEMENT COLLEGE – PERUNDURAI CA INTERMEDIATE – 2022-23-P-5 ADVANCED ACCOUNTING DATE: 25/07/23 TEST NO 2 TIME ALLOWED – 3HOURS MAXIMUM MARKS – 100 Question No 1 compulsory Answer any 4 from question No 2,3,4,5,6 QUESTION NO.1 15 Marks The following is an extract from Trial Balance of overseas Bank as at 31 st March, 20X1 ₹                               ₹ Bills discounted                                                    12,64,000 Rebate on bills  discounted not due On March 31 st, 20X0                                                                                22,160 Discount received                                                                                       1,05,708 An analysis of the bills discounted is as follows: Amount                                                 Due Date 20X1                                    Rate of Discount (i) 1,40,000                                               June 5                                                          (%) (ii) 4,36,000                                            June 12                                                          14                                                                (iii) 2,82,000                                          June 25                                                          14                                                                  (iv) 4,06,000                                          July 6                                                              16 Calculate Rebate on Bills Discounted as on 31-3-20X1 and show necessary journal entries. (b) 5 Marks The following information is available in the books of X Bank Limited as on 31st March, 20X2: Bills discounted Rebate on Bills discounted (as on 1.4.20X1) Discount received 1,37,05,000 2,21,600 10,56,650 Details of bills discounted are as follows: Value of bill (₹) Due date Rate of Discount 18,25,000 50,00,000 28,20,000 40,60,000 5.6.20X2 12.6.20X2 25.6.20X2 6.7.20X2 12% 12% 14% 16% Calculate the rebate on bills discounted as on 31.3.20X2 and give necessary journal entries. QUESTION NO.2 (a) A commercial bank has the following capital funds and assets. Segregate the capital funds into Tier I and Tier II capitals. Find out the risk-adjusted asset and risk weighted assets ratio – Capital Funds:                                                                         (figures in ₹ lakhs) Equity Share Capital                                                                  4,80,00 Statutory Reserve                                                                       2,80,00 Capital Reserve (of which ₹ 280 lakhs were due                12,10 to revaluation of assets and the balance due to sale Assets:                                                                                                                                                                                                    Cash Balance with RBI                                                            4,80 Balances with other Bank                                                        12,50 Other on Banks                                                                          28,50 Other Investments                                                                    782,50 Loans and Advances (i) Guaranteed by government                                               128,20 (ii) Guaranteed by public sector                                            702,50 Undertaking of

National Management College – Perundurai CA Intermediate Paper-5 Advanced Accounting Date: 23.09.2023 Total Marks : 100 Time: 3 Marks Answer all the questions 1) Given below are the interests on advances of a commercial bank (₹ in lakhs) Performing Assets          NPA Interest      Interest      Interest     Interest Earned      received       earned     received Term Loans                                                                120             80                75                5 Cash credits and overdrafts                                    750           650                150             12 Bills purchased and discounted                            150            150                100              20 Find out the income to be recognized for the year ended 31st March, 20X1. B. From the following information, find out the amount of provisions to be shown in the profit and Loss Account of AG bank. ₹ in lakhs Assets Standard                                                                            5000 Sub-standard                                                                  4000 Doubt ful   :   for one year                                         800 : for three years                                       600 : for more than three year                     200 Loss Assets                                                                   1000 Commission on government business                     82 Profit on sale of land and building                          27 Loss on exchange transactions                                52 Interest paid on deposit                                             27,20 Auditors’ fees and allowances                                   1,20   C. The following is an extract from Trial Balance of overseas Bank as at 31st March,20X1 ₹                                                 ₹                                                                    Bills discounted                                                 12,64,000 Rebate on  bills discounted not due on March 31st, 20X0                                                                                              22,160                                                      Discount received                                                                                                   1,05,708   An analysis of the bills discounted is as follows:                          Amount             Due Date20X1                            Rate of Discount ₹                                                                                               % (i)                  1,40,000                          June 5                                              14 (ii)               4,36,000                         June 12                                             14 (iii)              2,82,000                         June 25                                             14 (iv)                 4,06,000                         June 6                                                16 Calculate  Rebate on Bills Discounted as on 31-3-20X1 and show necessary journal entries. D    Templeton Finance Ltd. Is a non – banking finance company. It provides the following information:   Leased out assets Investment: In shares of subsidiaries and group companies In debentures of subsidiaries and group companies Cash and bank balances Deferred expenditure Paid-up equity capital Free reserves Loans Deposits ₹ in crores 800   100 100 200 200 100 500 400 400 You are required to compute ‘Net owned Fund’ of Templeton Finance Ltd. As per Non-Banking Financial Company – Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank ) Directions,2016 Commission on government business Profit on sale of land and building Loss on exchange transactions Interest paid on deposit Auditors’ fees and allowances Director’s fees and allowances Advertisements Salaries, allowances and bonus to employees Payment to

NATIONAL MANAGEMENT COLLEGE – THUDUPATHI COST ACCOUNTING TEST – 1 – CMA INTERMEDIATE TIME: 2 hours 15 min Maximum Marks: 75 SECTION – A (20*1=20 Marks) 1.which of the following is not an element of works overhead? Sales manager’s salary                                                                                                                                                                                                                2. Factory repairman’s wages                                                                                                                                                           3.Product inspector’s salary                                                                                                                                                    4.Plant manager’s salary Costs which are ascertained after they have been incurred are known as                                                             (A) Sunk Costs (B) Imputed Costs (C) Historical Costs (D) Opportunity Costs Prime cost plus variable overheads is known as                                                                                                                   (A) Factory Cost (B) Marginal cost (C) Cost of production (D) Total cost In which of the following methods, issue of materials are priced atpre-determined rate?                                    (A) Specific price method (B) Standard price method (C) Inflated price method (D) Replacement price method Bin card is a record of both quantities and value                                                                                                           (A) True (B) False costs are historical costs which are incurred in the past. The main purpose of cost Accounting is                                                                                                                                           (A) to maximize profit. (B) to help in inventory valuation. (C) to help in the fixation of selling price. (D) to provide information to management for decision making. Which of the following is considered to be a normal loss of material?                                                                                 (A) Loss due to accident (B) Pilferage (C) Loss due to breaking the bulk (D) Loss due to careless handling of material Which of the following items is not included in preparation of cost sheet?                                                                            (A) Purchase returns (B) Carriage inwards (C) Sales commission (D) Interest paid Bin card maintained by the costing department. (A) True (B) False Charging to a cost center those overheads that result solely for the existence of that cost center is known as (a) Allotment (b) Allocation (c) Absorption (d) Apportionment Slow moving materials have a high turnover ratio (A) True (B) False There is inverse relationship between order size and carrying costs. (A) True (B) False The sum of direct material, direct wages, direct expenses and manufacturing overheads is known  as conversion cost. (A) True (B) False In case of materials that suffers loss in weight due to evaporation etc. the issue price of the materials is inflated to cover up the losses (A) True (B) False Royalty payable based on the right to sell is treated as At the economic ordering quantity level, the following is true:                                                                                       (A) The ordering cost is minimum (B) The carrying cost is minimum (C) The ordering cost is equal to the carrying cost (D) The purchase price is minimum VED analysis is primarily used for control of Imputed costs involve actual cash outlay (A) True (B) False At EOQ total ordering cost per annum is ‘4,000. EOQ in units if  carrying cost per unit per annum is ‘ 2.   SECTION –B (A) A store keeper has prepared the below list of items kept in the store of the factory. Item Units Unit cost (‘)   A 12,000 30.00   B 18,000 3.00   C 6,000 35.00   D 750 220.00   E 3,800 75.00   F 400 105.00   G 600 300.00   H 300 350.00 I 3,000 250.00   J 20,000 7.50   K 11,500 27.50   L 2,100 75.00 The store keeper requires your help to classify the items for prioritization. You are required to APPLY ABC analysis to classify the store items as follows: Store items which constitutes approx 70%, 20%, and 10% of total value as A, B and C                                     respectively. 8 Marks 1.(B) At EOQ total ordering cost per annum is ‘4,000. Find EOQ in units if carrying cost per unit per annum is ‘2 2 Marks                                                  2.EXPLAIN the difference between cost control and cost reduction            5 Marks                                                        3.M/s. SJ Private Limited manufactures 20000 units of a product per month. The cost of placing an order is ‘ 1,500. The purchase price of the raw material is ‘ 100 per kg. The re-order period is 5 to 7 weeks. The consumption of raw materials varies from 200 kg to 300 kg per week. The average consumption being 250 kg .The carrying cost of inventory is 9.75% per annum.                                                                                             You are required to calculate:                                                                                                                                                            (i) Re-order quantity                                                                                                                                                                          (ii) Re-order level                                                                                                                                                                                                          (iii) Maximum level                                                                                                                                                                        (iv) Minimum level                                                                                                                                                                             (v) Average stock level (5 Marks)                                                                                                                                                                                                               The following are the details of receipt and issue of material ‘CXE’ in a manufacturing Co. during the month of April 2019: Date Particulars Quantity              Rate per kg April 4 April 8 April 15 April 20 April 25 April 26 April 28 Purchase Issue Purchase Issue Return to supplier out of purchase made on April 15 Issue Purchase 3,000 1,000 1,500 1,200 300 1,000 500             ₹ 16   ₹18       ₹ 17 Opening stock as on 01-04-2019 is 1,000 kg @ ₹ 15 per kg.                                                                                On 30th April, 2019 it was found that 50 kg of material ‘CXE’ was fraudulently misappropriated by the store assistant and never recovered by the Company.                                                                                           Required: (i)Prepare a store ledger account under each of the following method of pricing the issue:                                   (a) Weighted Average Method                                                                                                                                           (b) LIFO                                                                                                                                                                                               (iii) What would be the value of material consumed and value of closing stock as on 30-04-2019 as per these two methods?                                                                                                          (10 Marks) 5. From the following particulars with respect to a particular item of materials of a manufacturing company, calculate the best quantity to order: Ordering quantities (tone) Price per ton (Rs.) Less than 250                        6.00 250 but less than 800                        5.90 800 but less than 2,000                        5.80 2,000 but less than 4,000                        5.70 4,000 and above                        5.60 The annual demand for the material is 4,000  tonnes. Stock holding costs are 25% of material cost p.a. The  delivery cost per order is Rs. 6.00.                                                                                                                8 6. ZION LTD uses three types of materials A,B and C for production of product-P for which the following data apply:   Raw Material Usage per      Unit Of product      (kgs) Reorder Quantity   (kgs) Price Per Kg (Re.) Delivery period (in week) Reorder level (kgs) Minimum level (kgs)         Minimum Average Maximum     A 10 10000 0.10 1 2

National Management College – Perundurai CA –Intermediate Batch: 2022- 2023 Gr: I Paper 2: Corporate and other laws Maximum marks:100                                                                                         Time allowed:3hrs Division A is compulsory In Division B, Question No.1 is compulsory Attempt any Three questions out of the remaining Four question Division A (30Marks) 15*2 Case Scenario-I The aggregated value of the paid-up share capital of Sai Ram Limited, a listed company, was ₹ 200 crore divided into 20 crore equity shares of ₹ 10/- each at the end of the financial year 2021-22 having its registered office at Pune. This company had been registered with an authorized share capital of ₹ 300 crore divided into 30 crore equity shares of ₹10/- each. The company has very good requtation in compliance of all legal requirements on time. The company produces health related products such as ayurvedic medicines, medical instruments, sanitizers, masks, medical soaps etc. The extract of Balance sheet of the company as on 31st March, 2022 showed the following figures- Particulars Amount(₹ in crore ) Free reserves created out of profit 200 Securities Premium account 80 Credit balance of Profit & Loss account 50 Reserves created out of revaluation of assets 25 Miscellaneous expenditure not written off 10   Turnover of the company during  the financial year 2021-22 was ₹700 crore and the net profit calculated in accordance with section 198 of the companies Act,2013 with other adjustments as per CSR Rules was ₹ 4 crore only. The Board of Directors of the company constituted of the following persons as directors- a Chartered Accountant ‘Sai Ram’ as the Managing Director, ‘Roshan’ and ‘Prachita’ as independent directors, ‘ Hari Om’, ‘Bindu’, ‘Reddy’ and ‘Komal’, Prakash, Chief compliance officer  of the company informed the Board on 20th April, 2022 that the company attracts the provisions of section 135 of the Companies Act, 2013 and all the formalities have to be complied with accordingly. Thereafter, on 30th April, 2022 a CSR committee was formed to act and comply the provisions of corporate Social Responsibility. The company proposed a list of activities to activities to spend 4% of the average net profit of the company made during the three immediately preceding financial years in pursuance of its CSR Policy as under- The CSR projects for the benefit of employees of the  company and their families only. A contribution of’ ’10,000/- to a political party under section 182 of the Companies Act,2013 A contribution to the PM CARES fund during Covid pandemic. Local activities like promotion of child and women education. Activities carried out for fulfillment of any other statutory obligations under any law in force in India CSR projects undertaken through a Section 8 company. On the basis of above facts and by applying applicable provisions of companies Act, 2013  and the applicable Rules therein, choose the correct the answer. Prakash, Chief compliance officer of the company informed the Board on  20thApril, 2022 that the company attracts the provisions of section 135 of the Companies  Act, 2013. On what basis of the following he arrived at this conclusion- On the basis of turnover of the company. On the basis of turnover and net profit of the company taken together. On the basis of net Worth of the company. On the basis of net worth and turnover of the company taken together. 2. For the purpose of section 135 of the Companies Act,2013, the net worth has to calculated as defined under section 2 (57) of the Act. In this context, which of the following statements is correct with reference to the above case- The net worth of Sai Ram Limited during the financial year 2021-2022 was ‘520 crore. The net worth of Sai Ram Limited during the financial year 2021-2022 was ‘530 crore. The net worth of Sai Ram Limited during the financial year 2021-2022 was ‘555 crore. The net worth of Sai Ram Limited during the financial year 2021-2022 was ‘620 crore. 3. Sai Ram Limited constituted a Corporate Social Responsibility Committee as per the provisions of the Act and Companies (Corporate Social Responsibility Policy) Rules, 2014, therein consisting of- Sai Ram, Hari Om, Bindu and Reddy Hari Om, Bindu Reddy and Prakash Sai Ram, Hari Om Bindu and Prakash Sai Ram, Hari Om, Bindu and Roshan   4. The Annual General Meeting of Yellow Limited was held on 25thJune 2022. According to the provisions of Companies Act, 2013, till what date the company should submit report on AGM to the register? 06.2022 (b) 10.07.2022(c) 24.07.2022(d)25.07.2022 K Limited decides to raise deposits of ’10.00 lakh from its members. However, it proposes to secure such deposits partially by offering a security worth ‘5.00 lakh. Which of the following options best describe such deposits: Fully secured deposits deposits (except a small portion)     (b) Unsecured deposits c)Partially secured deposits             (d) These cannot be classified as deposits 6.The Best Dry fruits Ltd was incorporated under the Companies Act, 1913. Whether provisions of the Companies Act, 2013 shall apply on it: (a) No, the provisions of the Companies Act, 2013 shall not apply on it. (b) Yes, the provisions of the Companies Act, 2013 shall not apply on it. (c) The Companies Act, 1913 was enacted by the Brities Government, hence only an Act made by British Government shall apply on such company. (d) Since, this company was incorporated by the British Government, hence the Companies Act of UK Govt shall apply A Ltd. Is holding 61% shares in B Ltd. Holds 51%  in C Ltd. State which is the correct statement here: C Ltd. Is the holding company to A Ltd. C Ltd. Is the holding company to B Ltd. B Ltd. Is the Subsidiary to C Ltd. Both B Ltd. And C Ltd. Are subsidiary to A Lt. 8.The financial statement in relation to a dormant company may not include: (a) balance sheet (b) cash flow statement (c) applicable explanatory note (d) profit and loss account  Case scenario-II. Jai and Veenu, two friends, formed a private limited company as Basanti Taanga Private Limited and got

NATIONAL MANAGEMENT COLLEGE – THUDUPATHY CA INTERMEDIATE (2022-2023) – MODEL EXAMINATION – I PAPER : FINANCIAL MANAGEMENT MARKS: 60 MARKS      TIME: 1.45 HOURS ANSWER THE FOLLOWING QUESTIONS:( 6*10=60 Marks) : The following information of ASD Ltd. relate to the year ended 31 st March, 2022 Net profit                                            8% of sales Raw materials consumed                20% of cost of Goods Sold Direct wages                                      10% of cost of Goods Sold Stock of raw materials                     3 moths’ usage Stock of finished goods                   6% of cost of Goods Sold Gross profit                                       15% of sales Debt collection period                   2 Moths (All sales are on credit) Current ratio Fixed assets to Current assets              2 : 1 Fixed assets to Sales                              13:11 Fixed assets to sales                              1:3 Long-term loans to Current liabilities 2:1 Capital to Reserves and Surplus          1:4 You are required to PREPARE- (a)Profit & Loss statement of ASD Limited for the year ended 31st March, 2022 in the following format   Particulars           (₹)                                                 Particulars              (₹) To Direct Materials consumed    ?                            By Sales   ? To Direct Wages    ? To Works (Overhead)    ? ?  ? To Selling and Distribution Expenses           ?        By Gross profit b/d  ? To Net profit    ? ? ?   b)Balance Sheet as on 31st March, 2022 in the following format                   ( ₹) Share Capital           ?                         Fixed Assets: 1,30,00,00 Reserves and surplus           ?          Current Assts: Stock of Raw Materials ? Long term loans           ?                   Stock of Finished Goods ? Current liabilities          ?                 Debtors ? Cash ? ? ? 2.Bounce Ltd. Evaluates all its capital projects using discounting rate of 15% . Its capital structure consists of equity share capital, retained earnings, bank term loan and debenture and bank loan is 3 years and 5 years respectively. Book value of equity share capital, retained earnings and bank loan is Rs. 10,00,000, Rs. 15,00,000 and Rs. 10,00,000 respectively. Debentures which are having book value of Rs. 15,00,000 are currently trading at Rs. 97 per debenture. The ongoing P/E multiple for the shares of the company stands at . 5.You are required to CALCULATE the rate of interest on bank loan and debentures if tax rate applicable is 25%. 3.ABC Limited provides you the following information: Profit (EBIT)                                    2,80,000 Less: Intt. On Debt @10%              40,000 EBT                                                    2,40,000 Less: Income Tax  @ 50%            1,20,000 1,20,000 No. of Equity Shares (₹ 10 each)              30,000 Earnings per share (EPS)                          4 Price / EPS (P/E) Ratio                            10 Ruling Market price per share                 40 The company has undistributed reserves of Rs.7,00,000  and needs Rs. 4,00,000 further for expansion. The investment is expected to earn the same rate as funds already invested. You are informed that a debt equity (debt/debt + equity) ratio higher than 32% will push the P/E ratio down to 8 and raise the interest rate on additional borrowings (debentures) to 12%. You are required to ASCERTAIN the probable price of the share. If the additional funds are raised as debt; and If the amount is raised by issuing equity shares at ruling market price of Rs.40 per share. 4.Debu Ltd. Currently has an equity share capital of Rs. 1,30,00,000 consisting of  13,00,000 Equity shares. The company is going through a major expansion plan requiring to raise funds to the tune of Rs. 78,00,000. To finance the expansion the management has following plans: Plan-I : Issue 7,80,000 Equity shares of Rs. 10 each. Plan-II : Issue 5,20,000 Equity shares of Rs. 10each and the balance through long-term borrowing at 12% interest p.a. Plan-III : Issue 3,90,000 Equity shares of Rs. 10 each and 39,000, 9% Debentures of Rs. 100 each. Plan-IV : Issue 3,90,000 Equity shares of Rs. 10 each and the balance through 6% preference shares. EBIT of the company is expected to be Rs. 52,00,000 p.a.                                                                                                                                                     Considering corporate tax rate @ 40%, you are required to- CALCULATE EPS in each of the above plans. ASCERTAIN financial leverage in each plan and comment. 5.From the following information, find out missing figures and REWRITE the balance sheet of Mukesh Enterprise. Current Ratio = 2:1 Acid Test ratio = 3:2 Reserves and surplus = 20% of equity share capital Long term debt = 45% of net worth Stock turnover velocity = 1.5 months Receivables turnover velocity = 2 months You may assume closing Receivables as average Receivables. Gross profit ratio = 20% Sales is Rs. 21,00,000 (25%

NATIONAL MANAGEMENT COLLEGE, THUDUPATHI.   PAPER – 3: BUSINESS MATHEMATICS, LOGICAL REASONING AND STATISTICS MONTHLY TEST 7  Time Allowed : 1 hour                                               Maximum Marks: 50 DATE – 23.02.23 ANSWER ALL.. 1) . Gopal started walking 2km straight from his school. Then he turned right and walks 1km. Again he turned right and walked 1km to reach his house. If his house is south-east from his school, then in which direction did Gopal start walking from the school?A) East B) West C) South D) North 2) . Five boys A , B, C, F, E, are sitting in a park in a circle. A facing South-west, D is facing South-east, B and E are right opposite A and D respectively and C is equidistant between D and B. Which direction is C facing? A) West B) South C) North D) East 3) A child goes 50 meter towards South and then turning to his right, he goes 50 meter. Then, turning to his left, he goes 30 meter. Again he turns to his left and goes 50 meter. How far is he from his initial position? (a) 30 m (b) 40 m (c) 50 m (d) 80 m   4) If A×B means A is to the south of B: A+B means A is to the north of B; A%B means A is to the east of B ; A –B means A is to the west of B ; then in P % Q + R- S, S is in which direction with repect to Q ? a) south east b) north east c) north west d) south west 5) one morning after sunrise Nivedita and Niharika were talking to each other face to face at Dalphin crossing. If Niharika”s Shadow was exactly to the right of nivedita, which direction Niharika was facing ? a)North b) south c) East d)west   6) A man is facing west. He turns 45 degree in the clockwise direction and then another 180 degree in the same direction and then 270 degree in the anticlockwise direction. Find which direction he is facing now ? a)  South-West b)West c)South d)East-South 7) Sidhu, Chinu, Partha, Verma, Nitish, Keshab, Amit and Rashmi are sitting around a circle facing the centre. Nitish is third to the right of Amit who is not an immediate neighbor of either Partha or Rashmi. Partha is second to the left of Rashmi who is third to the left of Sidhu. Chinu is fourth to the right of Rashmi. What is Sidhu position with respect to Keshab? a) second to the right b) fifth to the right c)  fourth to the right d) second to the left 8) Read the following information carefully to answer the given questions.                           Six people P, Q, R, S, T and U are sitting on the ground in a hexagonal shape. All the sides of the hexagon, so formed are of same length. I . P is not adjacent to Q or R. S is not adjacent to R or T. III.Q and R are adjacent. IV . U is in the middle of S and R. Who is at the same distance from S as T is from S? a)Q b)R c)S d)U 9) In a gathering seven members are sitting in a row. ‘C’ is sitting left to ‘B’ but on the right to ‘D’. ‘A’ is sitting right to ‘B’. ‘F’ is sitting right to ‘E’ but left to ‘D’. ‘H’ is sitting left to ‘E’. Find the person sitting in the middle. a) C b) D c) E d) F       10)  Read the following information to answer the given questions: Pepper Potts, Hulk, Ironman, Hawkeye, Thor, Loki and Black Widow are sitting in a circle. Pepper Potts, Hulk, Ironman, Hawkeye, Loki and Black Widow are sitting at equal distances from each other. Ironman is sitting two places right of Loki, who is sitting one place right of Hawkeye. Pepper Potts forms an angle of 90° from Thor and an angle of 120° from Hulk. Hulk is just opposite Black Widow and is sitting on the left of Thor. The angle between Thor and Hulk in the clockwise direction is? a)150° b) 180° c) 210° d) None of these 11)If red is coded as 6720 then green would be coded as (a) 9207716 (b) 167129 (c) 1677209 (d) 1672091   12) Find the odd man out (a) January (b) April (c) July (d) October   13) In a certain code language “ EXAM” is coded as 39 “ PAPER” is coded at 51 then PASS is coded as (a) 39 (b) 47 (c) 489 (d) 51   14) Find the odd man out of the series 5, 10, 17, 25 (a) 5 (b) 10 (c) 17 (d) 25   15) Mohan Starts from Point A and walks 1 km towards south, turns left and walks 1 km. Then he turns again and walks 1 km. Now he is facing (a) East (b) West (c) North (d) South-West   16) 10, 18, 28, 40, 54,?, 88 (a) 70 (b) 86 (c) 87 (d) 98   17) Arun Started from Point A and walked 10 kms East to Point B, then turned to North and walked 3 kms to point C and then turned West and walked 12 kms to point D, then again turned South and walked 3 kms to point E. In which direction is he from his starting point? (a) East (b) South (c) West (d) North   18) I stand with my right hand extended side-ways towards South. Towards which direction will my back be? (a) North (b) West (c) East (d) South   19) In a certain language MADRAS is coded as NBESBT, how BOMBAY is coded in that language? (a) CPNCBX (b) CPNCBZ (c) CPOCBZ (d) CQOCBZ   20) 18, 24, 21, 27,?, 30, 27 (a) 33 (b) 30 (c) 24 (d) 21   21) If F = 6, MAT = 34, then how much is CAR? (a) 21 (b)

NATIONAL MANAGEMENT COLLEGE, THUDUPATHI.   PAPER – 3: BUSINESS MATHEMATICS, LOGICAL REASONING AND STATISTICS  Time Allowed : 1 hour                                               Maximum Marks: 50 DATE – 27.01.23 ANSWER ALL.. A representative value of the class interval for the calculation of mean, standard deviation, mean deviation etc is (a) class interval     (b)class limit                (c)class mark     (d)none Relative frequencies add up to: (a) Total frequency (b) 100  (c) 1 (d) cannot be determined. For a moderately skewed distribution, which of the following relationship holds: (a) Mean – Mode = 3 (Mean – Median) (c) Median – Mode = 3 (Mean- Median) (b) Mean – Median = 3 (Mean – Mode) (d) Mean – Median = 3 (Median – Mode) “The H.M., A.M. and G.M. of a set of 2 observations are 10.2, 16 and 14 respectively”. This statement is (a) True  (b) False (c) Both (a) & (b)  (d) None of these The chance of getting 7 or 11 in a throw of 2 dice is: (a) 7/9 (b) 5/9 (c) 2/9 (d) None of these If the probability of a horse A winning a race is 1/6 and the probability of a horse B winning (a) 5/12 (b) 7/12 (c) 1/12 (d)None of these Which measure of dispersion is based on all the observations? (a) Mean deviation (b) Standard deviation (c) Quartile deviation (d)   (a) and (b) but not (c) Tom speaks truth in 30 percent cases and Dick speaks truth in 25 percent cases. What is the probability that they  would contradict each other : 325 (b) 0.400 (c) 0.925 (d) 0.075 In Histogram if the classes are of unequal width then the heights of the rectangles must be proportional to the frequency densities. True             (b)false                   (c)both (d)none An urn contains 4 red and 6 green balls, another urn contains 2 red and 5 green balls. An urn was selected at random and then a ball was drawn from it. If it was found to be red then the probability that it has been drawn from first urn is 7/12 (b) 3/7 (c) 2/3 (d) None of these The probability that a student passes in statistics test is 2/3 and the probability that he passes both statistics and mathematics test is 14/45. The probability that he passes at least one test is 4/5. What is the probability that he passes in Mathematics? 4/9 (b) 3/5 (c)1/5 (d) 1/10 There were 50 students in a class. 10 failed whose average marks were 2.5. The total marks of class were 281.Find the average marks of students who passed? 4 (b) 25 (c) 256 (d) 86 There are 6 positive and 8 negative numbers. Four numbers are selected at random without replacement and multiplied. Find the probability that the product is positive 420/1001 (b) 409/1001 (c) 70/1001 (d) 505/1001 Frequency Distribution of weights of 16 students C.I 44-48 49-53 54-58 Total F 4 5 7 16 Find width of class interval for the 2nd class interval 4 (b) 5 (c) 46 (d) 48     Find Q.D of the following data: X 2 3 4 5 6 F 3 4 8 4 1 1/4 (b) 1/2 (c) 1 (d) 0 Histogram is useful to determine graphically the value of (a) Arithmetic mean (b) Mode (c) Median (d) None of the above Data are said to be _______ if the investigator himself is responsible for the collection of the data. (a) Primary data  (b) Secondary Data (c) a (or) b (d) None of the above Which of the following is positional average? (a) Median (b) GM (c) HM (d) AM If in a moderately skewed distribution the values of mode and mean are 32.1 and 35.4 respectively, then the value of the median is (a) 33.3  (b) 34 (c) 34.3 (d) 33 If the variance of 5, 7, 9 and 11 is 4, then the coefficient of variation is 25 (b) 15  (c) 17 (d) 19 A coin is tossed six times, then the probability of obtaining heads and tails alternatively is (a)1/2 (b) 1/32 (c) 1/64 (d) 1/16 SD of first five consecutive natural numbers is (a) (b) (c) (d) 1stquartile is 142, Semi-Inter quartile range is 18. Then median is (a)151 (b) 160 (c) 178  (d) None of these If the mean of the following distribution is 6 then the value of P is X 2 4 6 10 P+5 Y 3 2 3 1 2 7 (b) 5 (c) 11 (d) 8 __________ series is continuous. (a) Open ended                   (b) Exclusive              (c) Close ended                (d) Unequal call intervals .The curve obtained by joining the points , whose x coordinates are the upper limits of the class-intervals and y coordinates are corresponding cumulative frequencies is called Ogive              (b)Histogram                 (c)Frequency Polygon              (d)Frequency Curve   27) Sum of the squares of deviations is minimum when deviations are taken from (a) Mean (b) Median  (c) Mode  (d) An arbitrary value 28) Measures of central tendency are known as (a)differences (b)averages    (c)both (d) none 29) (Q 3 – Q1)/(Q 3 + Q1) is (a) coefficient of Quartile Deviation (b) coefficient of Mean Deviation (c) coefficient of Standard deviation (d)none 30) Data collected on religion from the census reports are: (a)Primary data (b)Secondary data (c)   Sample data (d) (a) or (b) 31) ) In continuous probability distribution F(x) is called Frequency distribution function Cumulative distribution function Probability density function None 32) ) If X follows normal distribution with  = 50 and  = 10 , what is the value of P(x ≤ 60 / x > 50) ? a) 0.8413 b)0.6828 c)0.1587 d)0.7256 33) If the two quartiles of N are 14.6 and 25.4 respectively , what is the standard deviation of the distribution ? a) 9 b)6 c)10 d)8 34) the total area of the normal curve is One 50 percent 0 .50 Any value between 0 and 1 35 what is the probability  that a leap year selected  at random would contain 53 Saturdays ? A)1/7 B)2/7 C)1/12 D)1/4   36) ) Most of the commonly used frequency curves are (a) Mixed (b) Inverted J-shaped

NATIONAL MANAGEMENT COLLEGE, THUDUPATHI.   PAPER – 3: BUSINESS MATHEMATICS, LOGICAL REASONING AND STATISTICS Monthly  test 4 (24.12.2022)  Time Allowed : 1 hour                                               Maximum Marks: 50   1)6 men and 8 women can do as much work in a given time as 3 men and 13 women. The capacities of a man and a woman are in the ratio 3:8 b. 3:5 c. 5:3 d. 5:8 2) In the first four papers each of 100 marks, Rishi got 95, 72, 73, 83 marks. If he wants an average of greater than or equal to 75 marks and less than 80 marks, find the range of marks he should score in the fifth paper . A.52 ≤ × < 77 B.73 ≤ × < 100 C.25 ≤ × < 75 D.75 ≤ × < 80 3) Inequations involved in the given region are___________ a) 2x+3y>6 b) 2x+3y<6 c) 2x+3y≥6 d) 2x+3y≤6 4) If , then: a) b) c)                           d) 5) is equal to a)   1 b)3/2 c) 0 d) 3 6)The value  of a)725 b) 5 c) 6 d) 3125 7)  A mixture contains alcohol and water in the ratio 4 : 3. If 5 liters of water is added to the mixture, the ratio becomes 4: 5. Find the quantity of alcohol in the given mixture. a) 10 b) 12 c) 15 d)  18 8) There are three numbers such that one number is 20% more than a third number and the second number is 50% more than a first number. The ratio of two numbers is? 2 : 3 B. 3: 4 C. 4: 6 D. 3: 2 9) If 0.75 : x :: 5 : 8, then x is equal to: A)1.12 B)1.2 C)1.25 D)1.30 10) A train travels 360 km at a uniform speed. If the speed had been 5 km/h more, it would have taken 1 hour less for the same journey. Find the speed of the train. a) 30 km/hr (b) 40 km/hr (c) 50 km/hr (d) 60 km/hr 11) The quadratic equation x2 + 7x – 60 has (a) two equal roots (b) two real and unequal roots (b) no real roots (d) two equal complex roots 12) The maximum number of roots for a quadratic equation is equal to (a) 1 (b) 2 (c) 3 (d) 4 13) compute the net present value or NPV  for 3 years projects costing Rs.28000 with revenue generation expectancy  of Rs. 8000 for year 1 , Rs. 12000 for year2 , and Rs.17,000 for year 3 with  3% as applicable discount rate , a) Rs.6635 b) Rs.6653 c) Rs.6356 d) Rs.3460 14) The value of log(13 + 23 + 33 +………..n3 ) is equal to: (a)3 log 1 + 3 log 2 + ….. + 3 log n (b)2 log n + 2 log (n + 1) – 2 log 2 (c)log n + log (n + 1) + log (2n + 1) – log 6 (d)1 15) . Roots of equation 2×2 + 3x + 7 = 0 are α and β. The value of αβ-1 + βα-1 is (a)2  (b) 7/2 (c)3/7  (d) -19/14 16) By mistake a clerk, calculated the simple interest on principal for 5 months at 6.5% p.a. instead of 6 months at 5.5% p.a. If the error in calculation was Rs 25.40. The original sum of principal was______ (a)Rs 60, 690 (b)Rs 60,960  (c) Rs 90, 660 (d) Rs 90,690 17) In what will a sum of money double its y at 6.25% p.a simple interest? (a)5 years (b)8 years  (c) 12 years (d) 16 years 18) The partners A and B together lent Rs 3,903 at 4% per annum interest compounded annually. After a span of 7 years, A gets the same amount as B gets after 9 years. The share of A in the sum of Rs 3,903 would have been: (a)Rs 1,875 (b) Rs 2,028 (c)Rs 2,280  (d) Rs 2,820 19) The future value of an annuity of Rs 1,000 made annually for 5 years at the interest of 14% compounded annually is: (a)Rs 5,610 (b)Rs 6,610 c) Rs 6,160 (d) Rs 5,160 20) Suppose your parent decides to open a PPF (Public Provident Fund) account in a bank towards your name with Rs 10,000 every year starting from today for next 15 years. When you receive and get 8.5% per annum interest rate compounded annually. What is the present value of this annuity? (a)83,042 (b)1,66,084  (c) 93,042 (d) 8,30,423 21) In how many years will a sum of money become four times at 12% p.a simple interest? (a)18 years (b)21 years (c) 25 years (d) 28 years 22) Find the number of arrangements of 5 things taken out of 12 things, in which one particular thing must always be included. (a)39,000 (b)37,600   (c) 39,600 (d) 36,000 23) There are 5 books on English, 4 books on Tamil and 3 books on Hindi. In how many ways can these books be placed in a shelf if the books on the same subjects are to be together? (a)1,36,800 (b) 1,03,680 (c)1,83,600  (d) 1,63,800 24) a) 6 b) 7 c) 8 d) 9       25) The graph of linear inequalities 7x+9y ≤63, x+y ≥1,0 ≤x ≤6 and   (a) BCDB and DEFD  (b) Unbounded  (c) HFGH (d) ABDFHKA 26) A machine is depreciated at the rate of 20% on reducing balance. The original cost of the machine was Rs. 1,00,000 and its ultimate scrap value was Rs. 30,000. The effective life of the machine is (a) 4.5 years (appx.) (b) 5.4 years (appx.)  (c) 5 years (appx.) (d) none of these 26) In an examination paper, there are two groups each containing 4 questions. A candidate is required to attempt 5 questions but not more than 3 questions from any group. In how many ways can 5 questions be selected? a) 24 b) 48 c) 56 d0 96 27) In how many ways can 5 different toys be packed in 3 identical boxes such that no box is empty, if any of the boxes may hold all of the toys? a) 20 b) 25 c) 30 d) 30 28) If |x – 2| + |x –

NATIONAL MANAGEMENT COLLEGE, THUDUPATHI.   PAPER – 3: BUSINESS MATHEMATICS, LOGICAL REASONING AND STATISTICS Monthly  test 3 (28.11.2022)  Time Allowed : 1 hour                                               Maximum Marks: 50   1)If  log10 3 =  , log10 4 =  , then the value of log10 120 = a) b) ) c) ) d) ) 2 2)   for some   and   , then the value of   is a) 8 b) 6 c) 4 d)  2 3) . if  the ratio of two numbers is 7 : 11.  If 7 is added to each number then the new ratio will be 2 : 3 then the numbers are. (a) 49, 77 (b) 42, 45  (c) 43,42 (d) 39, 40 4) log 2√2 (512):log3√2 (324 )  then, (a) 128 : 81   (b) 2 : 3   (c) 3 : 2  (d) None 5)  Then  the value of log5 + log5 + log5  + …………..log5 a) 2 b)3 c)5 d) none of these 6) The two numbers are in ratio 3 : 4. The difference between their squares is 28. Find the greater number . (a) 12 (b) 8  (c) 16 (d) 10 7) In a class there are 30 boys and 12 girls. Determine the ratio of number of boys to girls. a) 2 : 5 b) 3 : 6 c)  5 : 6 d)  5 : 2 8) A sum of money is to be distributed among A, B, C, D in the proportion of 5 : 2 : 4 : 3. If C gets Rs. 1000 more than D, what is B’s share? a)Rs. 500   b) Rs. 1500  c)Rs. 2000 d)None of these 9) Find sum of all values of “a” , =  log 7 2401 a) -2 b) -12 c)-18 d) -6 10)   then all x, y, z are greater than 0 , then a)b) c) d) 11) . The ratio of the present age of father to that of son is 7:2. After 10 years their ages will be in the ratio of 9:4. The present ages of the father is 35 years                    b. 40 years c. 30 years                                 d. 25 years 12) Price of each article of type P, Q, and R is Rs. 300, Rs. 180 and Rs. 120 respectively. Suresh buys articles of each type in the ratio 3:2:3 in Rs. 6480. How many articles of type Q did he purchase? 8                       b. 14                                   c. 20                              d. None 13) .If the ratio of present ages of Jeet and Jay is 5:7 and after 6 years the ratio will be 3:4, what is the present age of Jay? 42                    b. 30                           c. 36                      d. None of these 14) The triplicate ratio of 1:2 is? 8:1                 b. 1:8                            c. 2:1                      d. 1:2 15) . The compound ratio of 5:6, 3:2 and 4:5? 12:13           b. 1:4                             c. 1:5                     d. 1:1 16)     value a) 1/6                 b)  1/2                 c) 1/3 d) 1/8 17) . log 144 = a) 2 log 4 + 2 log 2 b) 4 log 2 + 2 log 3 c) 3 log 2 + 4 log 3 d) 3 log 2 – 4 log 3 18) For p, q, r ,s > 0  for value of each ratio is a)1/2   b) 1/3 c)1/4 c) 1/5 The mean proportional between 24 and 54 is a) 33 b) 34 c) 35 d) 36 20) . Which of the numbers are not in proportion  ? a)  6 , 8  , 5 , 7 b) 7 , 3 , 14 , 6 c) 18 , 27 , 12 , 18 d) 8 , 6 , 12 , 9 log0.01 (10,000) = x; Find the value of x? (a) 1 (c) – 4 (b) (d) – 2 2 21)   22)  What number is to added each of the ratio 7:9 to equal 15:16 ? (a) 23 (b) 16 (c) 31 (d) 13 23) .  If  =  =  then z is equal to a)  xy                         b) c) d) 24) . If  2x -2x-1 =4  then Xx = a) 7                                b) 3                              c) 27                                              d) 9 25) . Find the value of x, if x (x)1/2  = (x1/2)x a). 3                            b) 4                              c) 2                                                            d) 6 26) How many number divisible by 5 of 6 digit can be made from the digit 2, 3, 4, 5, 6, 7 (a) 120        (b) 600 (c) 240  (d) none 27) 5 boys and 3 girls are to be seated together such that no two girls are together (a) 14,400 (b) 2400 (c) 720  (d) None of these 28) Out of 6 Boys & 4 girls, Find the number of ways for selecting 5 member committee in which there is exactly two girls ? (a) 120 (b) 1440 (c) 720  (d) 71 29) if  nP5 :nP3  is 2:1 than value of n is (a) 2  (b) -5 (c) -2 (d) 5 30) If  11Cx =11C2x-4   if   then the value of 7Cx = (a) 20 (b) 21 (c) 22  (d) 23 31)The number of four letter words can be formed using the letter of the word “DICTIONARY” is a)5040 b)720 c)90 d)30240 32)The number of the words that can be formed using the letter of “PETROL” such that the words do not have “P” in the first position is, a) 720 b)120 c)600 d)540 33)nP2 =12 then the value of n is a)2 b)5 c)4 d)3 34)The number of different ways the letters of the word “DETAIL”  can be arranged in such a way that the vowels can be occupy only the odd position is , a)32 b)36 c)48 d)60 35) A person has 4 coins if different denominations. What is the number of different sums of money the person can form? A) 12        B) 15              C) 11             D) 16 36) There are three dice each of them having faces with a number from 1 to 6. These dices are rolled. Find the number of possible outcomes such that at least one of the dice shows the number 2. a) 36 b) 91              c) 81              d) 116 37) If 10c3 + 2. 10c4 +10c5 = nc5 then the value of n = ________ (a) 10 (b) 11 (c) 12  (d) 13 38) The numbers of parallelograms that can be formed by a set of 6 parallel lines

NATIONAL MANAGEMENT COLLEGE, THUDUPATHI. CA FOUNDATION   Monthly  test 2(03.11.2022) PAPER – 3: BUSINESS MATHEMATICS, LOGICAL REASONING AND STATISTICS  Time Allowed : 1 hour                                               Maximum Marks: 50     1) There is a 60% increase in an amount in 6 years at simple interest . What will be the compound interest of  Rs.12000 after 3 years at the same rate ? A) Rs. 2160 B) Rs. 3120 c) Rs. 3972 D) Rs. 6240 2) The simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs.4000 for 2 years at 10% per annum . The sum placed on simple interest is ? A)Rs. 1550 B) Rs. 1650 C) Rs. 1750 D) Rs. 2000 3) A sum of money at compound interest amounts to thrice of itself in 3 years. In how many years it will be 9 times of itself? A) 9 years B) 27 years C) 6 years D) 3 years 4) A sum of Rs. 8000 will amount to Rs. 8820 in 2 years if the interest is calculated every year. The rate of compound interest is = ? a) 6% b) 7% c) 3%         d) 5% 5) In what time will Rs 64000 amounts to Rs 68921 at 5% per annum interest being compounded half yearly? a) 1.5 years b) 2 years c) 2.5 years d) 3 years 6) A man invested 1/3rd of the sum at 7%, 1/4th at 8% and the remaining at 10% for one year. If the annual interest is 408, then the investment is (a) 8,400 (b) 4,800 (c) 5,000 (d) 7,200 7) Find the compound interest on 12000 for 3 years at 10% per annum compounded annually. (a) 3972 (b) 3872 (c) 3772 (d) 3672 8) The cost of a machine is estimated to be decreasing at the rate of 15% every year. If it costs 6,000 now, what will be the estimated value of the machine after 2 years? (a) 3,750 (b) 4,335 (c) 3,225 (d) 5,000 9) Simple Interest on 1500 at 7% per annum for a certain time is 210. Find the time. (a) 2 years (b) 1.5 years (c) 2.8 years (d) 3 years 10) Sarvesh borrowed 5,000 from Arun with simple interest. After 2 years, Arun got 1,000 more than what he had given to Sarvesh. What was the percentage of interest per annum? (a) 10 (b) 20 (c) 15 (d) 5 11) The difference between the compound and the simple interest on a certain sum at 7½% per annum for 3 years is 110.70. Find the sum: (a) 6400 (b) 1200 (c) 320050 (d) 2400 12) Mayank bought a Microwave for 4000 on credit. The rate of interest for the first year is 5% and of second year is 15%. How much will it cost him if he pays the amount after two years? (a) 4950 (b) 4830 (c) 4620 (d) 4240 13) A sum was put at simple interest at a certain rate for 2 years. Had it been put at 1% higher rate, it would have fetched 24 more. Find the sum. (a) 1200 (b) 1600 (c) 2000 (d) 2400 14) The present population of a town is 25000. It grows at the rate of 4%, 5% and 8% during the first year, second year and third year respectively. Find its population after 3 years. (a) 29484 (b) 29844 (c) 24984 (d) 29848 15) If the effective rate of interest compounded quarterly is 16%, then the nominal rate of interest is a)14.6% b) 15% c) 14.8% d) 15.12% 16) A person deposited a sum of of Rs 6000 in a bank at 5% per annum simple interest. Another person deposited Rs 5000 at 8% per annum compound interest. After two years, the difference of their interest will be = ? A)Rs. 230 B)Rs. 232 C) Rs. 832 D)Rs. 600 17) Given an investment of Rs. 10,000 for a period of one year, it is better to invest in a scheme that pays: a)12% interest compounded annually b)12% interest compounded quarterly c)12% interest compounded monthly d)12% interest compounded daily   18) Interest paid (earned) on both the original principal borrowed (lent) and previous interest earned is often referred to as __________. a)present value b)simple interest c)future value d)compound interest 19) . What will be population after 3 years when present population is 25,000 and population increase at the rate of 3% in first year , at 4% in second year and at 5 % in third year ? (a) 28,119 (b) 29,118 (c) 30,100 (d) 27,100 20) The cost of machinery is Rs. 1,25,000/- if its useful life is estimated to be 20 years and the rate of depreciation of its cost is 10% p.a., then the scrap value of the Machinery is (a) 15,197 (b) 15,400 (c) 15,300 (d) 15,250 21) A Machine was purchased for ` 10,000. Its rate of depreciation is 10% in the first year and 5 % per annum afterwards. Find the depreciated value of Machine after 7 years of purchase (a) ` 6606 (b) ` 6616 (c) ` 6660 (d) ` 6661 22) . SI = 0.125 P at 10% p.a find the time (a) 1.25 years (b) 25 Years (c) 0.25 Years (d) none 23) A person deposited a sum of Rs. 10,000 in a bank. After 2 years, he withdrew Rs. 4,000 and at the end of 5 years, he received an amount of Rs. 7,900; then the rate of simple interest is: (a) 6% (b) 5% (c) 10% (d) None of these 24) The present value of a scooter is ` 7290. The rate of depreciation is 10%. What was its value 3 years ago? (a)  10,000 (b)10,010 (c)  9990 (d)12,000 25) In how much time the S.I. on a certain sum becomes 0.125 times to its principle at 10% p.a. is (a) 1.00 yrs (b)1.25 yrs (c) 1.50 yrs (d)2.00 yrs 26) . Two variables x and y are related by 5x + 6y + 9 = 0 and x = 6, then y is (a)6.50           (b)6.66            (c)– 6.50     (d)– 6.66 27) . Determine

NATIONAL MANAGEMENT COLLEGE, THUDUPATHI. CA FOUNDATION   Monthly  test 1 PAPER – 3: BUSINESS MATHEMATICS, LOGICAL REASONING AND STATISTICS  Time Allowed : 1 hour                                               Maximum Marks: 50   1. If  = = then z is equal to a)  xy                         b) c) d) 2.  is equal to a) 1                             b) c) 3 d) 3. The third proportional between and  (a + b )2   is a)  b) c)                              d) 4. If  2x-2x-1=4  then Xx = a) 7                                b) 3                              c) 27                                              d) 9 5. The ages of two persons are in the ratio 5 : 7. 18 years ago their ages  were in the ratio 8 : 13, their present ages ( in years ) are : a)  50 ,70                     b) 70 , 50                       c) 40 , 56                                      d) none 6. If  X = , Y = and  Z =  then abc is : a) 2                               b) 1                                 c) 3                                                  d) 4 7. Fourth proportional to  X, 2X, (X+1) is a) (X + 2 )                       b) (X – 2 )                    c)  (2X + 2 )                                     d) ( 2X – 2 ) 8. If X = + then find value of  3X3 – 9x a) 3                                 b) 9                                c) 12                                               d) 10 9. If  2x 3y5z= 360 Then what is the value of x, y, z a) 3, 2 ,1                             b) 1, 2, 3                      c) 2, 3, 1                                     d ) 1 , 3, 2 10. What must be added to each term of the ratio 49 : 68, so that it becomes 3 : 4 = a) 3                                  b) 5                                    c) 8                                             d) 9 11. In a film shooting, A and B received money in a certain ratio and B and C also received  the money  in the same ratio. If A gets  RS. 1,60,000 and C gets RS. 2,50,000. Find the amount received  by B. a) 2,00,000                     b) 2,50,000                  c) 1,00,000                                    d) 1,50,000 12. If A : B = 2: 5, then (10A + 3B) : (5A + 2B) is equal to a) 7 : 4                           b) 7 : 3                            c) 6 : 5                                          d) 7 : 9 13. The value of is equal to a) 1/5                        b) 1/6                               c) 1/4                                                 d) 1/9 14. Which of the numbers are not in proportion a) 6, 8, 5, 7                b) 7, 3,14, 6               c) 18, 27, 12, 18                                    d) 8, 6, 12, 9 15. Find the value of x, if x (x)1/2 = (x1/2)x a). 3                            b) 4                              c) 2                                                            d) 6 16. Find two numbers such that mean proportional between them is 18 and third proportional  between them  is 144. a) 9, 36                       b) 8, 32                     c) 7, 28                                                 d) 6, 24 17. The mean proportional between 24 and 54 is a)  33                          b) 34                         c) 35                                                        d) 36 18. If  px= q, qy = r  and rz = p6, then the value of xyz  will be : a) 0                              b) 1                           c) 3                                                         d) 6 19. A fraction becomes 1/3 when 1 is  subtracted from the numerator and it becomes 1/4 . when 8 is added to its denominator. Find the fraction. (a)  4/12              (b)  3/13                        (c)  5/12                (d)  11/7 20. Five years ago, A was thrice as old as B and ten years later, A shall be twice as old as B. What is the present age of A. (a)  20               (b)  50                             (c)  60                    (d)  40 21) 1.5x + 3.6y = 2.1 ,   2.5 (x+1) = 6y (a) (0.2, 0.5)                ( b) (0.5, 0.2) (c) (2, 5)  ( d) (–2, –5) 22) 2x + 3y + 4z = 0, x + 2y – 5z = 0, 10x + 16y – 6z = 0 (a) (0,0,0)                      (b) (1, –1, 1)              (c) (3, 2, –1)             (d) (1, 0, 2) 23) The sum of the digits in a three digit number is 12. If the digits are reversed the number is increased by 495 but reversing only of the ten’s and unit digits increases the number by 36.The number is (a) 327                              (b) 372                (c) 237               (d) 273 24) Two numbers are such that twice the greater number exceeds twice the smaller one by 18 and 1/3rd of the smaller and 1/5th of the greater number are together 21. The numbers are: (a) (36, 45)                  ( b) (45, 36)              ( c) (50, 41)          (d) (55, 46) 25) A number consisting of two digits is four times the sum of its digits and if 27 be added to it the digits are reversed. The number is : (a) 63                                   (b) 35                          ( c) 36                           ( d) 60 26) Of two numbers, 1/5th of the greater is equal to 1/3rd of the smaller and their sum is 16. The numbers are: (a) (6, 10)                             (b) (9, 7)              (c) (12, 4)                (d) (11, 5) 27)If A:B = 2:3, B:C = 4:5 and C:D = 6:7, then A:B:C:D is 18:24:30:35                                        b. 16:24:30:35 16:22:30:35                                        d. 16:24:15:35 28) The ratio of numbers of girls and boys participating in sports of a school is 4:5. If the number of girls is 212, determine the number of boys participating in the sports. 256                    b. 265                                 c. 251                              d. 263 29) Price of each article of type P, Q, and R is Rs. 300, Rs. 180 and Rs. 120 respectively. Suresh buys articles of each type in the ratio 3:2:3 in Rs. 6480. How many articles of type Q did he purchase? 8                       b. 14                                   c. 20                              d. None 30)The ratio of  is (a) (b) (c) (d) None 31)Which of the following statements  is not correct? a)log10 10 = 1                                   b) log10 (2×3) = log10(2+3) c) log10 1 = 0 d) log (1+2+3) =log 1 +log 2 +log 3 32)If a, b, c are consecutive  positive integers , then  log(1+ca) = ? a) 2 log b b)log(b/2) c) log b d) none of these 33)  log 2√2 (512):log3√2 (324 )  then, (a) 128 : 81   (b) 2 : 3   (c) 3 : 2  (d) None 34)   for some   and   , then the value of   is a) 8 b) 6 c) 4 d)  2 35) = a)

 National management college-Perundurai                                    CA-Foundation –  Business Economics & BCK      Monthly Test – 6        Max.Time:  50 minutes          24/02/2023  Total Marks : 40                                                      Answer all the questions ABC Ltd. takes over XYZ Ltd. in such a manner that forthwith ABC Ltd. will control all the business operations of XYZ. It may be called as : (a) Merger (b) Demerger (c) Acquisition (d) None of these __________ refers to economic insolvency, wherein the person’s assets are liquidated, to pay off all liabilities with the help of a bankruptcy trustee or a Court of law. (a) Recovery (b) Bad Debts (c) Insolvency (d) Bankruptcy The financial recovery of a company that has been performing poorly for an extended time is called as: (a) Sustenance (b) Turnaround (c) Capital Recovery (d) None of these _________ is the term which may be used for basic facilities like buildings, roads, power supplies, etc. (a) Infrastructure (b) Utilities (c) Capital Items (d) Revenue Items. __________ is the type of insurance which is for a certain time period which provides for no defrayal to the insured industrial, excluding losses during the period, and that becomes null upon its expiration. (a) Term Insurance (b) Fixed Insurance (c) Specific Insurance (d) None of these When two or more products separated in the course of the same processing operation, usually having same substantial values are called as: (a) Joint Product (b) By Product (c) Main Product (d) Mixed Product _________ is a set of all the variable external to the firm but influ-ence its decision making fund in town are also influenced by it. (a) Business Environment (b) Business Organisation (c) Business Corpus (d) None of these The affairs of a corporation should be executed in a manner so as to ensure that they are conducted in an ethical manner and as per provisions of law. This system of overseeing the affairs of a Corporation is called as: (a) Governance (b) Observation (c) Corporate Governance (d) Corporate Observations  The BCK philosophy that pro-motes the belief and evaluates the business performance on the basis of attainment of profit, care for people and care for the plant at equal importance Is called as: (a) Bottom Line (b) Social Line (c) Triple Bottom Line (d) Triple Social Line _____________ is the systematic process of easing of government’s control over the private business activity. (a) Globalization (b) Liberalization (c) Privatization (d) None of these The procedure wherein a person in debt negotiates the price with the lender of a loan, in order to reduce the instalments is called as: (a) Debt Settlement (b) Debt Repayment (c) Debt Negotiation (d) None of these  When the interest is calculated on interest also, it is regarded as: (a) Simple Interest (b) Simple Annuity (c) Compound Interest (d) Compound Annuity When the cheque is drawn by a bank on its own name to make payment to other organizations, banks, corporations, etc., then it is called as : (a) Cashier’s Cheque (b) Self Cheque (c) Yourself Cheque (d) None of these Sometimes, banks offer services to other Corporate entities, large institutions & other financial institutions. The Single term used for all these services offered by the bank is __________. (a) Complete Banking (b) Centralized Banking (c) Wholesale Banking (d) None of these When the rates of interest can be changed contractually by lender, depositor or the payee, these are called as __________. (a) Changing rates (b) Administered Rates (c) Adjustable Rates (d) Accepted Rates  __________ is a technology where the banking organizations resort to the use of electronics, computers and other networks to execute transactions and transfer funds. (a) E-cash (b) Digi-cash (c) Hedge (d) Cap A guarantee given by the lender that there will be no change in the quoted mortgage rates for a specified period of time, which is called the __________. (a) Lock-in period (b) Maturity (c) Holding Period (d) Due date A document is issued by a bank, on behalf of the buyer or the importer, stating its commitment to pay a third party (Seller or the exporter), a specific amount, for the purchase of goods by its customer, who is the buyer. Such document is called as: (a) Letter of Guarantee (b) Letter of Credit (c) Letter of import (d) None of these  If a schedule bank has surplus funds, then it can be deposited with the RBI for short periods. Such rate of interest offered by the RBI is called as: (a) Repo Rate (b) Reverse Repo Rate (c) Conversion Rate (d) None of these There may be any aspect of the external environment which causes problems and which may per cent a business In achieving Its objectives. These one technically termed as: (a) Threats (b Limitations (c) Disadvantages (d) Hindrances. All the consumers have different characteristics. Therefore, they are usually divided Into similar nature groups In order to deliver specially de signed advertisements that meet these characteristics as closely as possible. It refers to __________. (a) Market Segmentation (b Market Division (c) Effective Marketing (d) Mass Marketing. The Strategy plays an inevitable role in the growth of any organization. The management’s storyline for how the strategy will be a money market is called as __________. (a) Super Strategy (b) Mega Strategy (c) Vision Strategy (d) Business Model  What is price sensitivity? (a) The effect a change in price will have on customers. (b) Charging a relatively high price for a short time where a new, innovative, or much-improved product is launched onto a market. (c) A strategy involves setting lower prices in order to discourage or deter potential new entrants to the suppliers market. (d) It measures the responsiveness of a change in demand for a product following a change in its own price.  A desire for a specific product or service to satisfy the underlying need is called as __________. (a) Customer loyalty (b) Customer need (c) Customer Satisfaction (d) Customer want The basic requirement that an individual buyer wishes to satisfy is __________. (a) Customer loyalty (b) Customer need (c) Customer

 National management college-Perundurai                                    CA-Foundation –  Business Economics & BCK      Monthly Test – 5        Max.Time:  60 minutes          30/1/2023  Total Marks : 50                                                      Answer all the questions   Foreign Intuitional Investors are: (a) Large Foreign groups (b) Having substantial investible funds (c) Both (a) & (b) (d) None of these Who cannot be a Foreign Direct Investor? (a) Governments or Government Agencies (b) Estates, Trusts, or Other Organizations (c) Unincorporated Private or Public Enterprises (d) None of the above Blackrock invested 30 million USDs as a portfolio investor in Indian stock market. This may be a case of: (a) FDI (b) FII investment (c) Indirect investment (d) NRI investment Hyundai India Limited came to India through the FDI route. It followed the path of: (a) Divestment in Public Sector Unit (b) Joint Venture (c) By creating a 100% Indian subsidiary (d) Replacement of a Government sector business. 100% FDI investment allowed in which year? (a) 2010 (b) 2012 (c) 2014 (d) 2004 FDI is allowed in: (a) Tea Plantation (b) Coconut Plantation (c) Sugarcane Plantation (d) None of the above  TDR stands for (a) Transferable Development Rights (b) Technical Device Rights (c) Technological Development Rays (d) None of these  Where there is no approval through Automatic Route, the company Concerned has to seek permission from _________. (a) FIPB (b) FPIB (c) BIPF (d) Ministry of Foreign Trade  In the post liberalization and privatization period, India was Considered a lucrative place of FDI inflow because of its : (a) Huge domestic market (b) Huge employment opportunity (c) Low profile in Global economy (d) None of these _________ facilitates privatization if it enables private sector to challenge a Government monopoly. (a) Displacement (b) De-regulation (c) Dis-investment (d) Privatization  In case of Maruti-Suzuki, the Union Government surrendered partial ownership and sold the majority stake to Suzuki of Japan in course of time. This is a case of: (a) Partial Disinvestment (b) Displacement (c) Delegation (d) Divestment Sale of 50% stake in a PSU to a single private sector company is an example of: (a) Displacement of stake (b) Decentralization of Authority (c) Delegation of stake (d) Disinvestment to form a Joint Venture Which one of the following is not a regulatory institution? (a) RBI (b) Ministry of Commerce (c) SEBI (d) IRDA ________ are concerned with regulation of national and foreign trade, business, safety measures, public utilities, etc. (a) Regulatory Rules (b) Regulatory Policies (c) Regulatory Act (d) Distribute Policies  A decision is the _________ of making a _________. (a) Act, Choice (b) Impact, Policy (c) Effect, decision (d) Rule, decision.  In 1992, the Government of India took revolutionary steps to open up the economy. Which one of the following is part of such steps? (a) Massive Change in economic policy (b) Priority given to Public Sector (c) Loss making Public Sector Enterprises were closed or divested (d) All of these. In the mid – 1980s, the Soviet Union got broken and _________ independent States were formed. (a) 7 (b) 11 (c) 15 (d) 21 Industrial policy was reformed first through the Industrial Policy in _________, which opened up the foreign Capital inflow. (a) 1949 (b) 1951 (c) 1991 (d) 2015 ______ as a policy helped India in integrating the country’s economy with the world economy. (a) Globalization (b) Privatization (c) Social Regionalism (d) None of these. In order to give protection to foreign investments, the Government has signed the convention of _________. (a) Multilateral Investment Agreement. (b) Multilateral Investment Rule. (c) Multilateral Inflow Guarantee Agency. (d) Multilateral Investment Guarantee Agency OCI refers to _________. (a) Overseas citizens of India (b) Overseas Corporate Investors (c) Other Corporate Investors (d) None of these The Constitution of the nation outlines the nature of policies to be taken for the growth and development of the nation. This Constitution was framed and accepted in _________. (a) 1947 (b) 1948 (c) 1950 (d) 1951 Which of the following institutions has been scrapped recently? (a) Minerals and Metals Regulatory Commission (b) Coal India Limited (c) Planning Commission (d) FIPB Which one of the following is the example of Regulatory Practices? (a) Customs duties (b) RBI (c) MSME (d) NSDC The Conducive policies towards the development of Micro-Small- Medium Enterprises are an example of _________ policy. (a) Restrictive (b) Regulatory (c) Facilitating (d) Liberal The law making bodies at the State level are _________. (a) Lok Sabha (b) Rajya Sabha (c) Both Lok Sabha & Rajya Sabha (d) Legislative Assemblies & Councils The bill is introduced in the Parliament : (a) Before the vetting of draft bill by, the Law Ministry. (b) After approval of bill by the Cabinet (c) Before approval of bill of the Cabinet (d) After the assent by the President The Lok Sabha of Indian Parliament is also called as: (a) House of the People (b) House of the States (c) Council of the States (d) None of these Public Policy Process is _________ in nature. (a) Static (b) Continuous (c) Unilateral (d) Autocratic According to _________, “Public policy is not a decision; it is a course or pattern of activity”. (a) Thomas R. Dye (b) Richard Rose (c) Carl J. Friedrich (d) Martin Luther Walmart is _________ multinational retailing Corporation that opened a chain of hyper markets, departmental Stores, grocery Stores & online Store. (a) American (b) British (c) Swiss (d) None of these _________ & _________ are the world’s largest & Second largest mobile phone manufacturers by volume. (a) Samsung, Apple (b) Apple, Samsung (c) Nokia, Apple (d) Samsung, Nokia HP Incorporation initially produced _________. (a) Electronic Test Equipments (b) Leather Shoes (c) Inkjet Printers (d) Software for Travel agencies. ________ is the world’s largest technology Company by total assets. (a) Apple (b) Samsung (c) HP (d) Sony Which IT company acquired Beats Electronics in 2014? (a) Microsoft Corporation (b) Apple (c) Intel Corporation (d) IBM Corporation  Intel’s core values are: (a) Customer Orientation, Discipline, Risk Taking (b) Hard work, Passion, Great place to work (c) Quality, Quantity, Discipline (d) None of these CTR was

 National management college-Perundurai                                    CA-Foundation –  Business Economics & BCK      Monthly Test – 4        Max.Time:  60 minutes          26/12/2022  Total Marks : 50                                                      Answer all the questions What is the single word that can best describe today’s business? (a) Technology (b) Persistence (c) Profit making (d) Change In order to survive over the long term, a company must have the: (a) Ability to Prosper (b) Ability to change (c) Both (a) and (b) (d) None of the above As per Charles Darwin, who survives? (a) Strongest (b) Most Intelligent (c) Most responsive to change (d) All of the above Which one of the following is not true about business ? (a) It is created to provide products or services to customers. (b) It creates job opportunities. (c) It is beneficial to Society. (d) It always gives return on investment. Read the following three statements: (i) The environment is constantly changing in nature. (ii) Various environmental constituents exist in isolation and do not interact with each other. (iii) The environment has a far reaching impact on organizations. From the combinations given below select an alternative that represents statements that are true: (a) (i) and (ii). (b) (ii) and (iii) (c) (i) and (iii) (d) (i), (ii) and (iii) The integral elements of business environment include. (a) Internal forces (b) External Forces (c) Both (a) and (b) (d) Either (a) or (b) What is not a characteristic of business environment? (a) Static (b) Complex (c) Far reaching (d) Multi-faced Which is not a feature of business environment? (a) Simple   (b) Complex  (c) Multi fact (d) Dynamic Now-a-days, the film industry generates revenue from ring tones/caller tunes rather than sale of music C.D. It exhibits _________ feature of business environment. (a) Complex (b) Dynamic (c) Multi-faceted (d) Far Reaching impact There is a _________ interaction between Business and Business Environment. (a) Close (b) Close and continuous (c) Close and static (d) Continuous and Static The interaction between Business and its Environment, helps the business in: (a) Determining Opportunities and Threats (b) Continuous learning (c) Giving directions for growth (d) All of the above. In relation to solving the problem of shortage of Electricity, “CPP” means: (a) Captive Power Plant (b) Creative Power Plant (c) Central Power Plant (d) Controlled Power Plant response not merely recognise and ward off threats but also covert threat into opportunities: (a) Aggressive (b) Dynamic (c) Static (d) Passive Which of the following is not a FMCG Company: (a) Patanjali (b) Colgate (c) Bajaj (d) Amul Environmental factors in PES-TLE Matrix include: (a) Energy Consumption (b) Waste disposal (c) Environmental Hazards/legislation (d) All of the above In PESTLE Analysis, _________ factors are how and to what extent the government intervenes in the economy and the activities of business firms. (a) Political (b) Economic (c) Environmental (d) Legal In PESTLE Matrix, which of the following is not a part of Social Factor? (a) Health and Safety law (b) Demographics (c) Religious (d) Lifestyle trends Which of the following factor is not included in Traditional model “PEST” available for environmental monitoring? (a) Political and Legal (b) Economic and Environmental (c) Legal and environmental (d) Economic and Legal. Which of the following is a factor of Demographic Environment? (a) Population size (b) Geographic Distribution (c) Ethnic Mix (d) All of the above. Study of human population is called as _________ environment. (a) Political (b) Demographic (c) Global (d) Economic The important elements in political-legal environment are: (a) Government, legal and economical. (b) Government, legal and political. (c) Technological, legal and economical. (d) Government, technological and legal. The Fiscal Policy includes government policy in respect of : (a) Public Expenditure (b) Taxation (c) Public Debt (d) All of the above Trends relate to: (a) Happening of events in internal Environment (b) Grouping of similar or related events (c) Demands made by Interested group (d) None of the above A threat is (a) An unfavourable condition in organisation environment which creates risk or damage to the environment (b) An inherent limitation or constraint (c) An unfavourable condition in organisation environment which consolidates its strength (d) None of the above ___ is the process by which organizations monitor their relevant environment to identify opportunities and threats affecting their business for the purpose of taking strategic decisions. (a) Forecasting (b) Assessment (c) Scanning (d) None of the above The following statement relates to which strategic response approach to the environment: They seek to monitor the changes in that environment, analyse their impact on their own goals and activities and translate their assessment in terms of specific strategies for survival, stability and strength. (a) Proceed with caution (b) Least resistance (c) Dynamic response (d) Static Response Which of the following is not a part of the economic environment? (a) Market and trade cycles (b) Consumer buying patterns (c) Strength of consumer spending     (d) Interest and exchange rates Through SWOT analysis: (a) Strengths and weakness existing within the environment can be matched with opportunities and threats in the organisation. (b) Strengths and weakness existing outside the organisation can be matched with opportunities and threats with the internal environment. (c) Strengths and weakness existing outside the organisation can be matched with opportunities and threats with the external environment. (d) Strengths and weakness existing within an organisation can be matched with opportunities and threats in the environment. According to Peter Drucker aim of the business is to _________ and ________ (a) Create and retain customer     (b) Retain customer and create profits (c) Create and retain consumer   (d) Retain consumer and maximise wealth The ____________ environment refers to the nature and direction of the economy in which a company competes or may compete. (a) Socio-cultural (b) Internal (c) Micro (d) Economic The performance of business in the private sector is measured by: (a) Profitability (b) Customer Satisfaction (c) Number of employees (d) The salary of BOD In order to make the system of diffused ownership of joint stock companies and their management work, ________ provides an elaborate system of corporate functioning. (a)

 National management college-Perundurai                                        CA-Foundation –  Business Economics        Max.Time:  60 minutes 30/11/2022   Total Marks : 50                                                      Answer all the questions Charging high prices initially to build a brand conscious customer base is called? (a) Price Sensitivity (b) Price Skimming (c) Price Discrimination (d) Price Margin Analysis The four phases of the business cycle are (a) peak, recession, trough and boom     (b) peak, depression, trough and boom        (c) peak, recession, trough and recovery    (d) peak, depression, bust and boom All the following are the features of monopoly except (a) There is a single seller    (b) The firm is a price taker (c) The firm produces a unique product  (d) The existence of some advertising An economy achieves “productive efficiency” when: (a) The best quality goods are produced (b) The highly skillful resources in the country are fully employed (c) All resources are utilized, and goods and services are produced at least cost (d) None of the above Price discrimination will be profitable only if the elasticity of demand in different markets in which the total market has been divided is: (a) uniform (b) different (c) less (d) zero Monopolies are allocatively inefficient because: (a) They restrict the output to keep the price higher than under perfect competition. (b) They charge a price higher than the marginal cost. (c) Both (a) and (b) are correct. (d) Both (a) and (b) are incorrect Excess capacity is not found under _______ (a) Monopoly (b) Monopolistic competition (c) Perfect competition. (d) Oligopoly The monopolistically competitive seller’s demand curve will become more elastic, the (a) more significant the barriers to entering the industry. (b) greater the degree of product differentiation. (c) larger the number of competitors.   (d) smaller the number of competitors An industry comprised of a very large number of sellers producing a standardized product is known as (a) Monopolistic competition (b) Oligopoly (c) Pure monopoly (d) Pure competition The greater the inequalities in the distribution of money incomes, the ______________ the inequalities in the distribution of national output. (a) greater (b) lesser (c) (a) or (b) (d) None of these Different business cycles _____________ in duration and intensity. (a) differ (b) similar (c) consistent (d) Can’t say Which of the following is a differentiated product? (a) A hamburger (b) A shirt (c) An automobile       (d) All of the above If a firm sells its output on a market that is characterized by few sellers and many buyers and limited long run resource mobility, then the firm is (a) A monopolist         (b) An oligopolist         (c) A perfect competitor (d) A monopolistic competitor A monopolized market is in long run equilibrium when (a) Zero economic profit is earned by the monopolist (b) Production takes place where price is equal to long run MC and AC (c) Production takes place where long run MC is equal to MR and price is not below the long run average cost. (d) All of the above are correct Which one of the following features of the term market is incorrect? (a) Market is the collection of buyers and sellers with the potential to trade. (b) A market need not be a formal. (c) A market need not to be held in a particular place. (d) A market must be formal or to be held in a particular place. Value in exchange is also known as (a) Value in use        (b) Economic value   (c) Both (a) and (b) (d) None of these A point of ‘Kink’ in the kinked demand curve indicates Price rigidity         II. Quantity rigidity       III. Price flexibility Quantity flexibility (a) I & II are correct    (b) II & III are correct (c) III & IV are correct (d) I & IV are correct The buyers in the market include (a) Consumers (b) Businesses (c) Government (d) All of the above The regulatory mechanism of the market system is- (a) Self-interest (b) Private property (c) Competition (d) Specialization A leading indicator is (a) a variable that tends to move along with the level of economic activity (b) a variable that tends to move in advance of aggregate economic activity (c) a variable that tends to move consequent on the level of aggregate economic activity (d) None of the above21. A decrease in government spending would cause (a) the aggregate demand curve to shift to the right. (b) the aggregate demand curve to shift to the left. (c) a movement down and to the right along the aggregate demand curve. (d) a movement up and to the left along the aggregate demand curve. Which of the following best describes a typical business cycle? (a) Economic expansions are followed by economic contractions. (b) Inflation is followed by rising income and unemployment. (c) Economic expansions are followed by economic growth and development. (d) Stagflation is followed by inflationary economic growth. Economic recession shares all of these characteristics except. (a) Fall in the levels of investment, employment (b) Incomes of wage and interest earners gradually decline resulting in decreased demand for goods and services (c) Investor confidence is adversely affected and new investments may not be forthcoming (d) Increase in the price of inputs due to increased demand for inputs According to ________________ trade cycles occur due to onset of innovations. (a) Hawtrey          (b) Adam Smith          (c) J M Keynes          (d) Schumpeter Business cycle generally originate in free market economies, what is a free market economy? (a) The economy where government is in possession of major assets (b) The economy where private firms control major assets (c) The economy where decisions of productions are taken by public sector undertakings (d) The economy where price is controlled by government. A firm encounters its “shutdown point” when: (a) average total cost equals price at the profit-maximising level of output. (b) average variable cost equals price at the profit-maximising level of output. (c) average fixed cost equals price at the profit-maximising level of output. (d) marginal cost equals price at the profit-maximising level of output. Which of the following statements is correct? (a) Price rigidity

National management college-Perundurai                                        CA-Foundation –  Business Economics        Max.Time:  60 minutes           Total Marks : 50                                                      Answer all the questions Which of the following is the best definition of “production function”? (a) The relationship between market price and quantity supplied. (b) The relationship between the firm’s total revenue and the cost of production. (c) The relationship between the quantities of inputs needed to produce a given level of output. (d) The relationship between the quantity of inputs and the firm’s marginal cost of production. Which of the following is a function of an entrepreneur? (a) Initiating a business enterprise.   (b) Risk bearing.  (c) Innovating.                                                     (d) All of the above Which of the following statements describes increasing returns to scale? (a) Doubling of all inputs used leads to doubling of the output. (b) Increasing the inputs by 50% leads to a 25% increase in output. (c) Increasing inputs by 1/4 leads to an increase in output of 1/3. (d) None of the above. In the third of the three stages of production: (a) the marginal product curve has a positive slope. (b) the marginal product curve lies completely below the average product curve.     (c) total product increases.     (d) marginal product is positive Average product is defined as (a) total product divided by the total cost. (b) total product divided by marginal product. (c) total product divided by the number of units of variable input. (d) marginal product divided by the number of units of variable input. A fixed input is defined as (a) That input whose quantity can be quickly changed in the short run, in response to the desire of the company to change its production. (b) That input whose quantity cannot be quickly changed in the short run, in response to the desire of the company to change its production. (c) That input whose quantities can be easily changed in response to the desire to increase or reduce the level of production. (d) That input whose demand can be easily changed in response to the desire to increase or reduce the level of production Which of the following is a variable cost in the short run? (a) rent of the factory. (b) wages paid to the factory labour. (c) interest payments on borrowed financial capital. (d) payment on the lease for factory equipment. The production process described below exhibits No.of.workers Output 0 0 1 23 2 40 3 50 (a) constant marginal product of labour.     (b) diminishing marginal product of labour.     (c) increasing return to scale.   (d) increasing marginal product of labour An iso quant shows (a) All the alternative combinations of two inputs that can be produced by using a given set of output fully and in the best possible way. (b) All the alternative combinations of two products among which a producer is indifferent because they yield the same profit. (c) All the alternative combinations of two inputs that yield the same total product.       (d) Both (b) and (c) Laws of production does not include …… (a) returns to scale.                        (b) law of diminishing returns to a factor. (c) law of variable proportions.    (d) least cost combination of factors. The average product of labour is maximized when marginal product of labour: (a) equals the average product of labour.    (b) equals zero.                                (c) is maximized.                                              (d) none of the above Which of the following statements is true? (a) The services of a doctor are considered production.         (b) Man can create matter.   (c) The services of a housewife are considered production. (d) When a man creates a table, he creates matter. Which of the following alternatives would be true if the event presented in the following diagram occurs? (a) A fall in wage costs of the firm along with a fall in consumer incomes (b) A shortage of raw materials and consequent increase in raw material price.       (c) An increase in subsidy by the government and a reduction in taxes      (d) Decrease in the market price of the commodity in question Isoquant is also called as _____ (a) production indifference curve    (b) is-product curve  (c) equal-product curve                       (d) all the above The slope is iso-product curve show-       (a) MRSxy      (b) MRTSxy                (c) elasticity of an iso-product curve       (d) none of the above Which one of the following is not a determinant of the firm’s cost function? (a) Price of firm’s output    (b) Production function  (c) Price of labour (d) Rent paid for use of building From the following find out AP and MP of 4th unit of Labour. Labour 0 1 2 3 4 5 TP of Labour 0 15 35 50 40 48 (a) 15 ; 15      (b) 10 ; 15       (c) 10 ; -15     (d) 10 ; -10 The production function of a firm is- Find the output the firm can produce with 5 units of L and 2 units of K. (a) 100 (b) 200 (c) 300 (d) 150 At equilibrium point, a particular isoquant _____ to isocost line (a) tangent  (b) perpendicular  (c) parallel   (d) concave At a point near the right hand below the corner of isoquant curve, the MRTSxy of factor ‘X’ for factor ‘Y’ is –     (a) very high     (b) very low    (c) zero    (d) neither high nor low Supply is the- (a) limited resources that are available with the selle (b) cost of producing a good      (c) entire relationship between the quantity supplied and the price of good (d) willingness to produce Which of the following isoquant indicates that the two factors ‘X’ and ‘Y’ are imperfect substitutes of each other? Refer the following supply function to answer Q. Nos. 23 to 25   Qs = -10 + 2p How much quantity is supplied at a price of Rs10? (a) 10 units (b) 8 units (c) 12 unit (d) 6 units At which price, the supply would be zero? (a) Rs. 1 (b) Rs. 3 (c) Rs.4 (d) Rs.5 Calculate the price at which, the firm is willing to supply 100 units (a) Rs. 55 (b) Rs.50 (c) Rs.45 (d) Rs.40 Elasticity of supply is

National Management College-Perundurai                                        CA-Foundation –  Business Economics        Max.Time:  60 minutes           Total Marks : 50                                                      Answer all the questions During a recession, economies experience increased unemployment and a reduced level of income. How would a recession likely to affect the market demand for new cars? (a) Demand curve will shift to the right. (b) Demand curve will shift to the left. (c) Demand will not shift, but the quantity of cars sold per month will decrease. (d) Demand will not shift, but the quantity of cars sold per month will increase.   2. The average income of residents of two cities A and B and the corresponding change in demand for two goods is given in the following table. Which of the following statements is true? City        % increase in income         % change in demand for Good X           % change in demand for Good Y A                         12                                                      6.5                                                                   -2.3 B                         9                                                        5.6                                                                     1.6 (a) Both goods are normal goods in both cities A and B (b) Good X is a normal good in both cities ; good Y is an inferior good in city A (c) Good X is a normal good in both cities ; good Y is an inferior good in city B (d) Need more information to make an accurate comment   The demand curve of a normal good has shifted to the right. Which of the four events would have caused the shift? (a) A fall in the price of a substitute with the price of the good unchanged (b) A fall in the nominal income of the consumer and a fall in the price of the normal good (c) A fall in the price of a complementary good with the price of the normal good unchanged (d) A fall in the price of the normal good, other things remaining the same 4. If a short run supply curve is plotted for the following table which presents price and quantity of fighter aircrafts, what will be its shape? Price in millions of $       Number of Aircrafts 124                                      28 140                                     28 150                                     28 160                                     28 175                                     28 (a) Horizontal straight line parallel to the quantity axis (b) Steeply rising with elasticity less than one (c) Vertical straight line parallel to Y axis (d) A perfectly elastic supply curve Which of the following statements is correct? (a) With the help of statistical tools, the demand can be forecasted with perfect accuracy (b) The more the number of substitutes of a commodity, the more elastic is the demand. (c) Demand for butter is perfectly elastic. (d) Gold jewellery will have negative income elasticity. 6.Expert opinions for demand forecasting is used in (a) Opinion Projection method (b)Controlled Experiments (c) Delphi Method (d) None of the above 7.Which is the classical method for demand forecasting? (a)Trend projection method (b)Graphical method (c)Regression Method (d)Last Square method 8.Economic indicators in demand forecasting is called (a)Trend projection method (b)Barometric method (c)Least Square method (d)Gauge method 9.Goods which are used for final consumption – (a) Capital Goods (b) Consumer Goods (c)Durable Goods (d)None of the above 10.Cooking oil is an example of – (a)Durable Producers’ goods (b)Durable consumers’ goods (c)Non-Durable Producers’ goods (d)Non – Durable Consumers’ goods Use the following data for the next 6 questiuons: X,Y and z are three commodities where X and Y are complementary whereas X and Z are Substitutes. A Shopkeeper sells commodity X at Rs.20 per piece. At this price, he is able to sell 100 pieces of X per month. After some time, he decreases the price of X to rs.10 per piece. Consequently – He is able to sell 150 pieces of X per month Demand for Y increases from 25 to 50 units Demand for Z decreases from 75 to 50 units Price Elasticity of demand (using Arc method) when price of X Decreases from Rs.20 per piece to Rs. 10 per piece will be_ (a) 0.6 (b)1.6 (c)0.5 (d)1.5 12.What can be said about the price elasticity of demand for commodity X? (a) Demand is unit elastic (b)Demand is highly elastic (c) Demand is inelastic (c)Demand is perfectly elastic 13.Cross Elasticity of Demand for commodity Y when the price elasticity of X decreases from Rs.20per piece to Rs.10 per piece will be – (a) – 1.5 (b)+1.5 (c)+1 (d)-1 14.Cross Elasticity of demand for commodity Z when the price of X decreases from Rs.20 per piece to Rs.10 per piece will be – (a)+1.66 (b)+0.66 (c)-1.66 (d)-0.66 15.If Income of the Consumers increases by 50% and the demand for X increases by 20% what will be the

NATIONAL MANAGEMENT COLLEGE – THUDUPATHY MODEL EXAMINATION – 1 COURSE : CA INTERMEDIATE (2022-23)/GROUP 1 SUB: TAXATION   MARKS: 100 MARKS TIME : 3 HOURS/20/2/2023 ANSWER THE FOLLOWING QUESTIONS Mr. S is the manager of a private company at Delhi since 1/3/2020. He is in the grade of *15,000 – 1,000 230,000, plus a DA @ 10% of his basic salary, half of which enters into retirement benefits. He has contributed 14% of his basic salary in RPF account. His employer contributes an equal amount. During the PY he took a loan of Rs.1,00,000 from his provident fund for his daughter’s marriage out of which he repaid Rs.20,000 during the year by way of deduction from his salary. He has been provided with rent-free house for which the company pays rent of Rs.90,000 pa. He is getting transport allowance of Rs.4,800 pm. He is also getting fixed medical allowance of Rs.3,500 pm and tiffin allowance of Rs.2,500 pm. His club bills of Rs.25,000 were also paid by the company. Facility of club was used for the official purposes. He received Rs.16,000 by way of encashment of leave on 31/3/2022. He has been provided with the facility of a gardener and a cook who are paid each 2,000 pm by the employer. He is also provided with a laptop costing Rs.1,00,000 for personal use. Two children of Mr. S are studying in the school run by the employer for which no fees are paid. Expenditure per student in the similar school is Rs.1,500 pm. His salary falls due on the first day of the next month. He paid LIC premium on the life of his major son 15,000. He has invested Rs.1,00,000 in fixed deposit with Punjab National Bank for a period of three years. Compute his total income for the AY 2022-2023                   i.e. PY 2021-2022. (10 Marks)   Mr. K owns the house property of which 60% is let out on rent of Rs.6,000 pm and 40% is self-occupied. The let out portion was also self-occupied during April and May 2021. Municipal Value of the house is Rs.72,000 and fair rent is Rs.70,000. Taxes paid for the house property are Rs.6,000. He took the loan of Rs.3,00,000 @ 12% pa for the construction of the house on 1/4/2016 and the construction was completed on 31/1/2021. Compute the income under head house property for AY 2022-2023 i.e. PY 2021-2022. (10Marks)   3.Jay Ltd is a manufacturing company and started the business on 1/4/2021.It gives you the following information from which calculate its business income and total income. Profit and loss account Particulars Amount in Rs Particulars Amount in Rs Adjusted purchases 21,80,000 Outward supply 45,70,000 Salaries and wages 2,00,000 Dividend of Indian company 5,000 Electricity expenses 80,000 Interest on debentures 30,000 Telephone expenses 20,000 Rent of house property 2,40,000 Municipal taxes for HP payable 21,000 Interest for house property 18,500 Preliminary expenses 78,000 Advertisements in publication of political party 22,000 Purchase of new palnt & machinery 2,00,000 Purchase of car 3,00,000 Personal expenses of directors 50,000 Office expenses 75,500 Purchase of non residential building 10,00,000 Donation paid to IIT 2,00,000 Income tax paid 1,00,000 Audit expenses 75,000 Customs duty paid 75,000 Penalty for the late payment of custom duty 50,000 Profits 1,00,000 Total 48,45,000 Total 48,45,000 Additional Information: Jay ltd owns a building of which ground floor is used for the business purpose and the first floor is let out 2.Rs.1,00,000 of purchases are cash purchase 3.Electricity and telephone expenses outstanding are Rs.20,000 and are not recorded in the Books of accounts Plant & machinery was purchased on 15/7/2021 but was put to use on 15/12/2021 Car & non residential building were put to use on 15/4/2021 6.A donation to IIT was given with the specific directions to use the money for the research in pollution control which has been approved by the Central government 7.Company had given a donation to PMNRF of Rs.25,000 which has not been recorded in the books of accounts As on 31/3/2022 the company has a capital employed of Rs.15,40,000 and the total cost of fixed assets is Rs.15,00,000 9.Municipal taxes and interest on the borrowed capital for the house have been paid between 1/4/2022 and 31/7/2022. (10 Marks) 4.From the profit & loss account of Mr.Ram for the year ended 31/3/2022, compute his income from business for the A Y 2022-2023 ie PY 2021-2022 Particulars Amount in Rs. Particulars Amount in Rs Salaries 7,800 Gross profit 55,672 Sundry expenses 1,200 Discount 803 Reserve for bad debts 3,000 Commission 1,205 Insurance 405 Advertisement 2,500 Income tax 2,375 Loss on sale of car 1,200 Interest on capital 1,000 Interest on bank loan 1,550 charity 150 Transferred to reserve 3,000 Life insurance premium(self) 550 Loss of part of building by fire (uninsured) 1,500 Depreciation On Building    1000 On Furniture     200 1,200 Difference in trial balance 105 Net profit 30,100 Total 57,680 Total 57,680 Additional information:   The amount of depreciation allowable as per Income Tax rules in respect of building and furniture was Rs.800 and Rs.150 respectively. A sum of Rs.1000 is included in the advertising expenses expended on a special advertising camping undertaken during the year in respect of a product of a company placed recently in market. Salaries include Rs.3000 being the amount drawn by Mr.Ram during the year. (10Marks)   5.Mr.C purchases a house property for Rs.1,06,000 on 15/5/1975. The following expenses are incurred by him for making addition / alteration to the house property: Particulars Amount Rs. Cost of construction of first floor in 1982-1983 Cost of construction of the second floor in 2002-2003 Reconstruction of the property in 2012-2013 3,10,000   7,35,000   5,50,000 FMV of the property on 1/4/2001 is Rs.8,50,000/-. On the same date SDV has been Rs.8,75,000. The house property is sold by Mr.C on 10/8/2021 for s.68,00,000 (expenses incurred on transfer :Rs.50,000). Compute the capitl gains. (10 Marks)   6.Compute income from other sources of Mr.Arun for the A.Y 2022-2023 from the following receipts: Particulars Amount rs Agricultural income

 National Management College – Thudupathi Ca Intermediate (2021 – 2022) Sub : Cost And Management Accounting Model 2 / 100 Marks/3 Hours /13.04.2022   Answer The Following Questions (10*10=100 Marks) SM  Motors Ltd. Is A Manufacturer Of Auto Components. Following Are The Details Of Expenses For the Year 2019-20 (₹) Opening Stock Of Material   15,00,000 Closing Stock Of Material                                                                                  20,00,000 Purchase Of Material                                                                                      1,80,50,000 Direct Labour                                                                                                       90,50,000 Factory Overhead                                                                                               30,80,000 Administrative Overhead                                                                                  20,50,400 During The Fy 2020-21, The Company Has Received On Order From A Car Manufacturer Where It Estimates That The Cost Of Material And Labour Will Be ₹ 40,50,000 Respectively. The Company Charges Factory Overheads As A Percentage Of Direct Labour And Administrative Overheads As A Percentage Of Factory Cost Based On Previous Year’s Cost. Cost Of Delivery Of The Components At Customer’s Premises Is Estimated At ₹ 4,50,000 You Are Required To: Calculate The Overhead Recovery Rates Based On Actual Costs For 2019-20 Prepare A Job Cost Sheet For The Order Received And The Price To Be Quoted If The Desired Profit Is 25% On Sales. A Company Produces A Component Which Passes Through Two Processes. During The Month Of November For 40,000 Components Were Put Into Process.-I Of Which 30,000 Were Completed And Transferred To Process- Ii Those Not Transferred To Process- Ii Were 100% Complete As To Materials Cost And 50% Complete As To Labour And Overheads Cost. The Process- I Costs Incurred Were As Follows: Direct Materials                                                    ₹ 3,00,000 Direct Wages ₹ 3,50,000 Factory Overheads              ₹ 2,45,000 Of Those Transferred To Process Ii, 28,000 Units Were Completed And Transferred To Finished Goods Stores. There Was A Normal Loss With No Salvage Value Of 200 Units In Process Ii. There Were 1,800 Units, Remained Unfinished In The Process With 100% Complete As To Materials And 25% Complete As Regard To Wages And Overheads. Costs Incurred In Process-2 Are As Follows: Packing Material                                                                                                                ₹ 80,000 Direct Wages                                                                                                                       ₹ 71,125 Factory Overheads                                                                                                             ₹ 85,350 Packing Material Cost Is Incurred At The End Of The Second Process As Protective Packing To The Completed Units Of Production. Required: Prepare Statement Of Equivalent Production, Cost Per Unit And Process I A/C. Prepare Statement Of Equivalent Production, Cost Per Unit And Process Ii A/C VPS Is A Public School Having 25 Buses Each Plying In Different Directions For The Transport Of Its School Students. In View Of Large Number Of Students Availing Of The Bus Service, The Buses Work Two Shifts Daily Both In The Morning And In The Afternoon. The Buses Are Garaged In The Morning , The First Trip Picks Up Senior Students And The Second Trip Plying An Hour Later Picks Up Junior Students. Similarly, In The Afternoon, The First Trip Takes The Junior Students And An Hour  Later The Second Trip Takes The Senior Students Home. The Distance Travelled By Each Bus. One Way Is 8 Km. The School Works 22 Days In A Month And Remains Closed For Vacation In May And June. The Bus Fee, However, Is Payable By The Students For All The 12 Months In A Year. The Details Of Expenses For A Year Are As Under. Driver’s Salary – Payable For All The 12 In Months ₹12,000 Per Month Per Driver Cleaner’s Salary – Payable For All The 12 In Months ₹ 8,000 Per Month Per Cleaner License Fees, Taxes Etc.  ₹ 8,400 Per Bus Per Annum Insurance Premium ₹ 15,600 Per Bus Per Annum Repairs And Maintenance ₹ 20,500 Per Bus Per Annum Purchase Price Of The Bus ₹ 20,00,000 Each Life Of The Bus 16 Years Scrap Value            ₹ 1,60,000 Diesel Cost       ₹ 78.50 Per Litre Each Bus Gives An Average Of 5 Km. Per Litre Of Diesel. The Seating Capacity 0f Each Bus Is 40 Students. The School Follows Differential Transportation Fees Based On Distance Travelled As Under: Students Picked Up And Dropped With      Transportation Fee        Percentage Of Students In The Range Of Distance From   Availing This Facility The School                           2 Km                                                          25% Of Full                            15% 4 Km                                                          50% Of Full                             30% 8 K M                                                             Full                                       55% Due To A Pandemic, Lockdown Was Imposed On Schools And The School Remained   Closed From April 2020 To December 2020. Drivers And Cleaners Were Paid 75% Of Their Salary During The Lockdown Period. Repairing  Cost Reduced To 75% For The Year 20202. Ignore The Interest Cost. Required: (I) Prepare A Statement Showing The Expenses Of Operating A Single Bus And The Fleet Of 25              Buses For A Year. (Ii)Find Out Transportation Fee Per Student Per Month In Respect Of. Students Coming From A Distance Of Upto 2 Km. From The School Students Coming From A Distance Of Upto 4 Km. From The School; And Students Coming  From A Distance Of Upto 8 Km. From The  School. ( Iii)Calculate The Minimum Bus Fare That Has To Be Recovered From The Students For The Year 2020. Lm Limited Produces A Product ‘Sx4’ Which Is Sold In A 10 Kg Packet. The Standard Cost Card Per Packet Of ‘Sx4’ Is As Follow; ₹ Direct Materials 10 Kg @ ₹ 90 Per Kg                           900 Direct Labour 8 Hours @ ₹ 80 Per Hour                     640 Variable Overhead 8 Hours @ ₹ 20 Per Hour            160 Fixed Overhead                                                                  250 1,950 Budgeted Output For A Quarter Of A Year Was 10.000 Kg. Actual Output Is 9.000 Kg. Actual Cost For This Quarter Are As Follows: ₹ Direct Materials 8.900 Kg @ ₹ 92 Per Kg                8.18.800 Direct Labour 7.000 Hours @ ₹ 84 Per Hour         5,88,000 Variable Overhead Incurred                         

 NATIONAL MANAGEMENT COLLEGE – THUDUPATHY CA INTERMEDIATE (2021-2022) SUB :  COST AND MANAGEMENT ACCOUNTING MODEL 1/100 MARKS/3 HOURS/15.3.2022 ANSWER THE FOLLOWING QUESTIONS (10*10=100marks) 1.HBL Limited produces product ‘M’ which has a quarterly demand of 20,000 units. Each product requires 3 kg and 4kg of material X and Y respectively. Material X is supplied by a local supplier and can be procured  at factory stores at any time. Hence, no need  to keep inventory for material X. The material Y is not locally available, it requires to be purchased from other states in a specially designed truck container with a capacity of 10 hours. The cost and other information related with the material are as follows: Particulars                                                                                                                   Material –  X        Material – Y Purchase price per Kg (excluding GST                                                                       140                             640 Rate of GST                                                                                                                     18%                            18% Freight per trip (fixed, irrespective of quantity)                                                         –                            28,000 Loss of materials in transit                                                                                             –                                  2% Loss in process                                                                                                                 4%                               5% Other information: – The company has to pay 15% p.a.to bank for cash credit facility –  Input credit is available on GST paid on materials. Required:   CALCULATEcost per kg. of material X and y CALCULATE the Economic Order quantity for both the materials. 2.ADV Pvt.  Ltd. Manufactures a product which requires skill and precision in work to get quality           products. The company has been experiencing high labour cost but without compromising with the quality of work . It wants to introduce a bonus scheme but is indifferent between the Halsey and Rowan scheme of bonus. For the month of November 2019, the company budgeted for 24,960 hours of work. The workers are paid  80 per hour. Required: CALCULATE and suggest the bonus scheme where the time taken (in %) to time allowed to complete the works in (a) 100% (b) 75% (c) 50% (d) 25% of budgeted hours. 3.PLR Ltd. Manufacturers a single product and recovers the overheads by adopting a single blanket rate based on machine hours. The budgeted production overheads of the factory for the FY 2019-20 are 50,40,000 and budgeted machine hours are 6,000. For a period of first six months of the financial year 2019-20, following information were extracted from the books: Actual production overheads                                                                                                              34,08,000 Amount included in the production overheads: Paid as per court’s order                                                                                                             4,50,000 Expenses of previous year booked in current year                                                                 1,00,000 Paid to workers for strike period under an award                                                                  4,20,000 Obsolete stores written off                                                                                                             36,000 Production and sales data of the concem  for the first six months are as under: Production: Finished goods                                                                                                                        1,10,000 units Works – in –progress (50% complete in ever respect)                                                                                        80,000 units Sale: Finished goods                                                                                                                              1,10,000 units Works – in progress                                                                                                                        80,000 units Sale: Finished goods                                                                                                                                  90,000 units The actual machine hours worked during the period were 3,000 hours. It is revealed from the analysis of information that 40% of the over/under-absorption was due to defective production policies and the balance was alttributable to incress in costs. You are required: to  determine the amount of over/under absorption of production overheads for the period. to show the accounting treatment of over/under-absorption of production overheads, and to  apportion the over/under-absorbed overheads over the items. SMP Pvt Ltd manufactures three products using three different machines. At present the overheads are changed to products using labour hours. The following statement for the month of setember 2019, using the absorption costing method has been prepared:Particulars                                                      product X                        Product Y                               Product Z                                                                      (using machine A)      (using machine B)              (using machine C) Production units                                   45,000                                  52,000                             30,000 Material cost per unit (₹)                          350                                        460                                   410 Wages per unit @ ₹80 per Hour                                                              240                                        400                                   560 Overhead cost per unit(₹)                         300                                        500                                   700 Total cost per unit (₹)                                 890                                     1,360                                1,670 Selling price (₹)                                    1,112,50                                     1,700                           2,087,50 The following additional information is available relating to overhead cost drivers. Cost driver                                        product X                 product y                product Z                   TotalNo. of machine set-ups                            40 160 400         600 No. of purchase orders                          400 800             1,200                   2,400 No. of customers       1,000             2,200                   4,800                         8,000 Actual  Production and budgeted production for the month is same. Workers are paid at standard rate. Out of  total  overhead costs. 30% related to machine set-ups, 30% related to customer order processing and customer complaint management. While the balance proportion related to material ordering.   Required: COMPUTER overhead cost per unit using activity based costingmethod DETERMINE the selling price of each  product based on activity- based costing with the same profit  mark-up on cost. DFG Ltd. Manufactures leather bags for office and school purpose. The following information is related with the production of leather bags for the month of September 2019. Leather sheets and cotton clothes are the main inputs. And the estimated requirement per bag is two Meters of  leather  sheet and one meter of cotton cloth. 2,000meter of leather sheets and 1,000      meter of cotton cloths are purchased at ₹3,20,000 and ₹15,000 respectively. Freight paid on purchases is₹8,500. Stitching and finishing need 2,000 man hours at ₹80 per hours. Other direct cost of ₹10 per labour is incurred. DFG has 4 machines at a total  cost of ₹22,00,000. Machine has a life of 10 years with a scrape value of 10% of the original cost. Depreciation is charged on straight line method. The monthly cost of administrative and sales office staffs are ₹ 72,000 respectively.  DFG pays ₹ 1,20,000 Per month as rent for a 2400 sq fest factory premises. The administrative and sales office occupies 240sq. feet and 200 sq feet respectively of factory space. There is no opening and closing stocks for input materials. There is 100 bags stock at the end of the month. Required: PREPARE a cost sheet following functional classification for the month of September 2019      As of 30thSeptember, 2019, the following balances existed in a firm’s cost ledger, which is maintained separately on a double entry basis: Debit ₹ credit ₹ Stores ledger control A/C Work- in progress control A/C Finished goods control A/C Manufacturing overhead control A/C Cost ledger  control A/C     15,00,000 7,50,000 12,50,000 – –    

NATIONAL MANAGEMENT COLLEGE –THUDUPATHY MODEL EXAM   IV DATE : COURSE : CMA INTERMEDIATIATE SUB: INDIRECT TAXATION MARKS : 100 HOURS: 3 HRS PART A (40X1=40 MARKS) Multiple Choice Questions (MCQ) 1.When President assent was obtained for central GST (A) 18th April 2017 (B) 22nd April 2017 (C) 5th April 2017 (D) 12th April 2017 2. Non-taxable territory means (A) Outside taxable territory (B) Inside taxable territory (C) Inter-state taxable territory (D) None of the above 3.Goods and Service Tax council referred in which section (A) 279A of the constitution (B) 276 of the constitution (C) 277 of the constitution (D) 279 of the constitution 4.Weight age of vote for centre at GST council (A) 1/4th of total votes cast (B) 1/3rd of total votes cast (C) 1/2 of total votes cast (D) Only B 5.When GST council constituted (A) 15.09.2016 (B) 13.09.2016 (C) 12.09.2016 (D) 20.09.2016 6.Associated enterprise mentioned (A) Income tax act 1961 (B) Companies Act 2013 (C) Central GST Act 2017 (D) State GST Act 2017 7.Deemed exports mentioned in which section (A) Section 137 (B) Section 147 (C) Section 142 (D) Section 145 8.Whether person opted for composite scheme collect tax under GST (A) No (B) Yes (C) Only A (D) None of the above 9.Participation of ITC value chain in composite scheme (A) With participation (B) Without participation (C) Either (A) or (B) (D) None of the above 10.Input tax on capital goods (A) In one instalment (B) Partly five equal installments (C) Only A (D) Equally 10% every year 11.Appellate Tribunal mentioned in which section (A) Section 109 (B) Section 105 (C) Section 103 (D) Section 119 12.Common portal referred in which section (A) Section 136 (B) Section 146 (C) Section 143 (D) Section 149 13.Valid return mentioned in which section (A) Section 29 (B) Section 39 (C) Section 47 (D) Section 49 14.Sasta Bazar offers a free bucket with detergent purchased. It is a — (A) Composite supply (B) Mixed supply (C) Principal supply (D) None of the above 15.As per the GST Law, every registered taxable person must maintain the accounts books and records for at least: (A) 36 months from the due date of furnishing of annual return for the year pertaining to such accounts and records (B) 60 months from the due date of furnishing of annual return for the year pertaining to such accounts and records (C) 72 months from the due date of furnishing of annual return for the year pertaining to such accounts and records (D) 18 months from the due date of furnishing of annual return for the year pertaining to such accounts and records 16.Which of the following is not a feature of indirect taxes? (A) Regressive nature (B) Supply based taxes (C) Rate of taxes are different from person to person (D) No previous year and assessment year concept 17.Mr. T, a thief has stolen motorbike and sells the motorbike to Mr. Q. It is illegal to steal a motorbike. Sale of motorbike will be considered as: (A) supply and liable to be taxed (B) supply but not liable to be taxed (C) not at all supply (D) None of the above 18.. The bill of entry which is used for clearance of goods from warehouse for home consumption, is: (A) White bill of entry (B) Yellow bill of entry (C) Green bill of entry (D) None of the above 19.GT Jewellers Ltd. paid Rs. 50 lakhs for sponsorship of Miss India beauty pageant in Mumbai to Stylish & Co., a partnership firm. GST is liable to be paid by: (A) GT Jewellers Ltd. (B) Miss India beauty pageant (C) Stylish & Co. (D) Exempted supply 20.Which of the following cannot be considered as deemed export? (A) Sale of goods to Software Technology Park (B) Sale of goods to Domestic Tariff Area (C) Sale of goods to United Nations Agencies (D) Sale of capital goods to fertilizer plants State whether the following are ‘True’ or ‘False’ 1. Input credit can be claimed for machinery purchased and sent directly to a job worker registered under the tax payer. Under GST the phrase “Aggregate Turnover” includes exempt supplies also. A person can issue normal tax invoice in respect of supplies which were suppressed by him and are detected by the GST officers subsequently. GST is payable once registered even if the turnover is less than the prescribed limit. A registered person under GST law gives a free spoon along with each soap purchased. This is a case of composite supply under GST law. Buying and selling of second hand goods is not subject to GST. The first type of Audit under GST is to be done by Chartered Accountant only. 8.Interest is payable even if duty is paid before the show cause notice. ITC is allowed if the goods are destroyed by fire. In case of export of goods, it is compulsory that the receipts of payment should be in foreign exchange. Fill in the blanks Every person who is liable to be registered under GST shall apply for registration in form _____________. 2. License to occupy land is treated as ______________(supply of services/not supply of services). In GST, details of inward supplies of taxable goods or services for claiming input credit are to be furnished in form no. _________________. For delayed payment of GST, interest is payable at ___% per annum As per the GST law, every registered taxable person must maintain account books and records for at least __________ from the due date of furnishing of annual return for the year pertaining to such return. In case of death of a tax payer __________ can request for cancellation of registration. Gifts exceeding __________ in value in a financial year by an employer to employee shall constitute supply of goods or services or both. Toll receipts from highway of Coimbatore to Palghat is Rs. 60,00,000 and commission earned on toll receipts is Rs. 6,00,000. The value of taxable supply will be ________. In case of supply of goods