Friday, 27 January 2017

Sample Questions To Attend Viva-Voce Of Accounting Practical Examinations – 2017



Sample Questions To Attend Viva-Voce Of Accounting Practical Examinations – 2017
1.     What is the aim behind the preparation of a project on Accounting?
2.     List out the objectives of your project work.
3.     Summaries the planning about the completion of project work.
4.     How did you collected data for the completion of project?
5.     What are the contents of comprehensive Project?
6.     Summaries your experience on each step undertaken for the completion of project work.
7.     Why preparing projects at senior secondary level is necessary one?
8.     Is there any difference in learning Accountancy from books and through projects?
9.     Did you copy any contents for your project from previous year’s project work or from any websites?
10.  How did your teacher guided you for the project work?
Comprehensive Problem [ Preparation of Financial Statements]
11.  What is Accounting Equation?
12.  What is personal Account rule?
13.  What is nominal account rule?
14.  What is real account rule?
15.  What is journal?
16.  What is Ledger?
17.  Why journal is known as book of original entry?
18.  Why ledger is known as book of final entry?
19.  What is Capital?
20.  What are liabilities? Give some examples.
21.  What are assets? Give examples with classification.
22.  What is Journalising?
23.  What is L.F & J.F.?
24.  What is double entry system of book keeping?
25.  What is the role of Trial Balance?
26.  What are the different financial statements?
27.  What are the uses of preparing financial statements?
28.  What is Trading Account?
29.  Why we are preparing P&L account?
30.  Differentiate Gross profit & Net profit.
31.  What are the uses of preparing Balance Sheets?
32.  What are the uses of keeping provisions?
33.  Give examples for liquid assets.
34.  What is the uses of Working Capital?
35.  Give examples for prepaid and Outstanding Expenses.
Specific Problem – 1 [ Ratio Analysis]
36.  What are the different tools of Financial Analysis?
37.  What is an Accounting Ratio?
38.  List out the objectives of Ratio Analysis.
39.  What is SWOT analysis?
40.  List the advantages of Ratio Analysis?
41.  What are the different types of ratios?
42.  List out the use of calculating Liquid Ratios.
43.  How will you calculate current and liquid ratio?
44.  What is Acid test ratio?
45.  Why we are calculating Solvency Ratios?
46.  List out the different solvency ratios and its way of calculation.
47.  What is activity or turnover ratio?
48.  List out the different Activity ratios and its way of calculation.
49.  What is Profitability Ratio?
50.  List out the different Profitability ratios and its way of calculation.
51. What is the conclusion on Ratio Analysis?
Specific Problem – 2 [Cash Flow Analysis]
52.  What is Cash Flow Statement?
53.  List out the objectives of preparing Cash Flow Statements.
54.  Are there any benefits of preparing cash flow statements?
55.  Differentiate Cash & Cash Equivalents.
56.  List out the items coming under cash flow from operating activities.
57.  List out the items coming under cash flow from Investing activities.
58.  List out the items coming under cash flow from Financing activities.
59.  How will you treat some extra ordinary items while preparing Cash Flow Statements?
60.  Describe the procedure of preparing Cash Flow Statements.
61.  What is the Conclusion of Cash Flow Analysis?

Sample Question for Accountancy Practical Exam 2017

AISSCE Practical Examination - 2017
Class: XII                       ACCOUNTANCY                            Marks: 12
  Time: 1 Hrs.
General Instructions:
a) This Question Paper contains three questions. You have to answer all questions.
b) First two questions carry 3 marks each and third question carries 6 mark.
1.     Following information is given by a company from its books of accounts as on March 31, 2015:                                                                                             [3]
Inventory                                           2,00,000
Total Current Assets                           2,60,000
Shareholders’ funds                           5,00,000
15% Debentures                                 3,00,000
Current liabilities                               1,50,000
Net Profit Before Tax                         3,50,000
Cost of revenue from operations         4,00,000
Calculate:
a) Debt Equity Ratio
b) Interest Coverage Ratio
c) Inventory Turnover Ratio

2. The quarterly report of a company gives the following information about sales revenue and net profit for the Second quarters of past three years. Compare the two  quarters and find out which one better one. Comment which one is better.        [3]
                                                                                                                                                                                                               
Particulars
2014-15
2014-13
2013-12
Sales Revenue
Net Profit
2200000
500000
1800000
400000
1400000
200000







3. From the following Balance Sheet of Ashok Ltd. Prepare cash flow Statement:
Particulars
Note No.
Amount
2015
Amount
2014
1. Equity and Liabilities
a) Shareholder’s Funds
     Share Capital
     Reserves and Surplus
b) Non-Current Liabilities
     Long-term Borrowings
c) Current Liabilities
      Trade Payables

2.Assets
a) Non-current Assets
Fixed Assets
Non-current Investment
b) Current Assets
     Inventory
     Trade Receivables
     Cash & Cash Equivalents



1

2









3


500000
305000

310000

95000


400000
210000

300000

80000
1210000
990000


700000
56000

280000
114000
60000


500000
70000

210000
140000
70000
1210000
990000
Note to Accounts
Items
2015(Rs.)
2014(Rs.)
Reserves and Surplus
         General Reserves
         P&L Balance

115000
190000

100000
110000
305000
210000
Long-term Borrowings
        12% Debentures
         14% Loan

150000
160000

200000
100000
310000
300000
Trade Receivables
         Debtors
         Bills Receivables

94000
20000

125000
15000
114000
140000

Additional Information:
Total Interest paid on long term borrowings during the year amounted to Rs. 37800. Prepare  Cash flow statement.                                                                         [6]