allotted to read this question paper. The question paper will be distributed at 10.15 a.m. From 10.15 a.m. to 10.30 a.m.‚ the students will read the question paper only and will not write any answer on the answer-book during this period. boImemñÌ ACCOUNTANCY {ZYm©[aV g_` : 3 KÊQ>o A{YH$V_ A§H$ : 80 Time allowed : 3 hours 67/2 Maximum Marks : 80 1 P.T.O. gm_mÝ` {ZX}e : (i) `h àíZ-nÌ VrZ ^mJm| _| {d^º$ h¡ – H$‚ I Am¡a J & (ii) ^mJ H$ g^r N>mÌm| Ho$ {bE A{Zdm`© h¡ & (iii) narjm{W©`m| H$mo eof
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Collins Office Supplies is considering a more liberal credit policy to increase sales‚ but expects that 9 percent of the new accounts will be uncollectible. Collection costs are 5 percent of new sales‚ production and selling costs are 78 percent‚ and accounts receivable turnover is five times. Assume income taxes of 30 percent and an increase in sales of $80‚000. No other asset buildup will be required to service the new accounts. a. What is the level of accounts receivable needed to support this
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Introduction of Company Suntec Singapore International Convention & Exhibition Centre (Suntec Singapore) is a world-renowned‚ international venue located at the heart of waterfront business centre‚ adjacent to the Central Business District. It has the perfect location for hosting corporate meetings‚ conventions‚ exhibitions‚ banquets as well as special events which attract plentiful organizations from around the world. Suntec Singapore is also a fully integrated convention city
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Topic: Explain how the role of an accountant has changed over time. Discuss the role of the accountant in modern business. I. Introduction A. Background B. Why is it important? C. Thesis statement: This essay will argue that the role of an accountant has dramatically changed over time because of three main reasons‚ focussing on the improvement of technology‚ the expansion of knowledge and the complexities of business. II. Body A. Descriptive questions ( the basic information
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Institute of Chartered Accountants (CICA) conducts research into current business issues and supports the setting of accounting‚ auditing and assurance standards for business‚ not-for-profit organizations and government. It issues guidance on control‚ best practices and governance‚ publishes professional literature‚ develops continuing education programs and represents the CA profession nationally and internationally. Together with the provincial‚ territorial and Bermuda institutes/ordre of Chartered Accountants
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Strategic management includes strategic analysis‚ strategy formulation‚ strategic choice‚ strategy implementation and control strategic decision for an organization to deploy resources into new opportunities. Strategic management is important for Chartered Accountants‚ CEO‚ Directors‚ Managing Directors‚ Strategy Planners‚ Students and Faculty Members of BBM‚ MBA‚ M.Com‚ PGDM‚ PGDBM‚ PGDHRM‚ ICFAI and competitive examinations in India and abroad. I invite suggestions from one and all for improvements
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Chartered Institute of Housing Level 2 Certificate in Housing Practice (QCF) Unit 2M1 – Housing Provision and Housing Organisations Assignment task 1 Tenure is classed as ‘The legal relationship between the resident and the home they inhabit’. There are two different forms of tenure‚ the first being Owner Occupation and the second being Renting. Owner Occupation The largest type of tenure within the UK is Owner Occupation‚ this is where the tenant actually owns the home they live in‚ either
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The College of Accountancy is one of Polytechnic University of the Philippines foremost college. It boasts of having produced topnotch in CPA Licensure Examination and accounting graduates who are holding prestigious and prominent positions in various companies‚ privates and government‚ all over the country and government‚ all over the country and even overseas. College of accountancy and Law has the highest enrollment among the colleges‚ institutes and schools of PUP. Besides‚ it is as old as the
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DRIVE BK ID Q.No 1 2 ASSIGNMENT FALL 2014 MBA/ MBADS/ MBAFLEX/ MBAHCSN3/ PGDBAN2 1 MB0041 FINANCIAL AND MANAGEMENT ACCOUNTING B1624 4 60 Questions Marks Analyze the following transaction under traditional approach. 18.1.2011 Received a cheque from a customer‚ Sanjay at 5 p.m. Rs.20‚000 19.1.2011 Paid Ramu by cheque Rs.1‚50‚000 20.1.2011 Paid salary Rs. 30‚000 20.1.2011 Paid rent by cheque Rs. 8‚000 21.1.2011 Goods withdrawn for personal use Rs. 5‚000 25.1.2011 Paid an
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13. The interest on a $4‚000‚ 6%‚ 60-day note receivable is $40. 14. The maturity value of a $2‚000‚ 6%‚ 60-day note receivable dated February 10th is $2‚020 15. A disadvantage of the corporate form of business is government regulation.. 16. James Corporation issued 2‚000 shares of $5 par value common stock for $20 per share. The entry to record this transaction includes a credit to Paid-in Capital in Excess of Par for $30‚000.
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