CA & CMA - Test paper

CS 2616 views 6 replies

Khushi

CA & CS Final

1367 Points Joined July 2008

can anyone gimme ans. of these Qs or just tell me the page no. where to find out.

Q.1 state with reason, whether the following statements are true or false-

A. service costing is used in industries producing goods.

B. Rent on own building is not included in cost accounts.

-- - from test paper3/2008 of company a/s and cost and mgmt accounting.

Q.2what entries will be passed after achieved the traget of buy-back. if company issued one fully paid up equity share of rs. 10 by way of bonus share for every four equity shares held by the equity shareholder. before buy-back shares total equity share were 240 lakhs and after 25% buy back 180 lakhs shares will be remaind with the share holders. give the journel entries for bonus shares issued.

- from test paper3/2008 of company a/s and cost and mgmt accounting.

thanks

Replies (6)

sumit

article assistant

26 Points Joined December 2009

Ans 1)b) rent on own building is not included in cost accounting, only you charged depreciation on it and that depreciation is included in cost accounting.

ans 1)a) false ,service costing is used only by service provider not for goods.

MOHD ABDUL RAHMAN

JUNIOR ACCOUNTANT

21 Points Joined June 2011

Please tell me about cma course & where i will get part1 & part 2 books of CMA in Hyderabad.

Thank You

sheetal patil

21 Points Joined February 2012

plz answer this...., powers of court to grant temporary injunction

Praveen Kumar Agarwal

Accountant

180 Points Joined July 2009

Solution of Q-2 1) Bank A/c.............Dr 150 To Investment A/c 148 To Profit on sale of investment A/c 2 2) Bank A/c:....................Dr 200 To Pref Sh Cap A/c 200 3) Eq sh cap A/c............Dr 600 Prem on BB A/c........Dr 300 To Bank A/c 900 4) Sec Prem A/c.............Dr 300 To POBB A/c 300 5) GR A/c.........Dr 400 To CRR A/c 400 6) GR A/c.........Dr 50 CRR A/c......Dr 400 To Bonus to Eq sh holders A/c 450 7) Bonus to ESH A/c......Dr 450 To ES Capital A/c 450