ISRO Accounts Officer 2007

Instructions

For the following questions answer them individually

Question 81

Use the following for this question. Transactions for raw materials during a period are given below :


Following FIFO method, the value of issue on January 18 is:

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Question 82

At the start of the quarter there were 14,630/- workers. 750 employees left during the quarter while 600 joined the organization during the same period. Using the flux method, the labour turnover was:

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Question 83

Gotham City Council is considering the purchase of wheel clamping equipment. The equipment will cost Rs.1,00,000 and will last for three years. It will have no scrap value. It is expected to generate Rs.50,000 a year in Years 1 and 2, and Rs.40,000 in Year 3.
What is the Net present Value of the investment?
Use PV factors of 0.91 for Year 1, 0.83 for Year2, and 0.75 for Year3.

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Question 84

The following is an extract of the financial statements of Delta public limited company for 2003 :


What is the current asset ratio?

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Question 85

The net present value (NPV) model can be used to evaluate and rank two or more proposed projects. The approach that computes the total impact on cash flows for each option and then converts these total cash flows to their present valuesis called the

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Question 86

There are several capital budgeting decision models that do not use discounted cash flows. What is the name of the simple technique that calculates the totai time it will take to recover, using cash inflows from operations, the amount of cash invested in a project?

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Question 87

Suppose CopyMaster purchased a block of shares in its own company from the stock market. CopyMaster plans to hold this stock and distribute it at year-end as bonuses for some key managers. This stock is called _____________ and is reported with the ________ on CopyMaster’s balance sheet.

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Question 88

Recording of a financial transaction can be done in which of the following books:

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Question 89

When error is counter-balanced by another error in such a way that it is not disclosed by trial balance,it is :

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Question 90

Which of the following is not a method of obtaining of audit evidence?

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