What do you mean by Departmental Accounts? What are the advantages of Departmental Accounts?

Describe various provisions of Companies Act that deal with the issue of debentures at a discount. Give accounting treatment of debentures issued as a collateral security by the company

What is cash flow statement? What are the various sources and uses of cash? How does it differ from fund flow statement?

What is Stock Turnover Ratio? What are the implications of high and low stock turnover ratios? Explain with examples.

What are the special features of the Profit and Loss Account of a Company? What do you understand by Appropriation of Profits. What are the items relevant in that connection?

(a) What is partnership? Define partnership deed.

(b) Hari and Giri entered into partnership contributing capitals of Rs. 60,000 and Rs. 30,000 respectively. They agreed to share profits and losses in the ratio 2: 1. During the year Hari and Giri withdraw Rs. 10,000 and Rs. 6,000, respectively. The profit for the year ended December 31,1989 was Rs. 42,000. Prepare Profit and Loss Appropriation Account taking into consideration the following: i) Hari is to be allowed a salary of Rs. 3,000 p.a. ii) Interest on capitals is to be provided at 5% pp,. iii) Interest on Giri's Loan Account of Rs, 20.000 is to be charged for the whole year. iv) Interest on drawings is to be charged at 6% p.n.

Joint Ventures

Indication of Sickness

Economic development

Changing Value System

Direction of Exports and Direction of Imports.

Foreign Direct Investment and Portfolio Investment

Critically evaluate the government policy towards small scale industries .

Explain the nature and implications of regulatory role of the government.

What are the three components of business environment? Discuss.

Importance of Vouching

Continuous Audit

Clear Report and Qualified Report

Auditing Standards

What is cost audit? What are its objectives? State the advantages and limitations of cost audit.