CWA ICWA Foundation : Accounting - December 2009

CWA ICWA FoundationAccounting • December 2009
 P–2(ACT)Syllabus 2008 Time Allowed : 3 Hours Full Marks : 100
 The figures in the margin on the right side indicate full marks. SECTION I Answer Question No. 1 which is compulsory and any two questions from the rest of Section I. Marks
1.(a)In each of the following one of them is correct. Indicate the correct answer.1x9
(i)   (1)
(ii)   (1)
(iii)   (1)
(iv)   (0)
(v)   (0)
(vi)   (0)
(vii)   (0)
(viii)   (1)
(ix)   (1)
(b)Fill in the blanks:1x5
(i)   (1)
(ii)   (1)
(iii)   (1)
(iv)   (0)
(v)   (0)
(c)State with reasons whether the following statements are true or false:2x8
(i)   (0)
(ii)   (1)
(iii)   (0)
(iv)   (0)
(v)   (0)
(vi)   (0)
(vii)   (1)
(viii)   (0)
2.6+1 (0)
(b)Explain the following three statements in not more than 10 words each:1x3
(i)   (0)
(ii)   (0)
(iii)   (0)
3.(a)4 (0)
(b)2 (0)
(c)2 (0)
(d)2 (0)
4.(a)1 (0)
(b)4 (0)
(c)1+2+2 (0)
 SECTION II Answer Question No. 5 which is compulsory and any two questions from the rest in the Section II. Marks
5.(a)In each of the following, one of the alternatives is Correct. Indicate the correct one.1x10
(i)   (0)
(ii)   (1)
(iii)   (0)
(iv)   (0)
(v)   (0)
(vi)   (0)
(vii)   (0)
(viii)   (0)
(ix)   (0)
(x)   (0)
(b)(i)2 (0)
(ii)2 (0)
(iii)2 (0)
(iv)2 (0)
(v)2 (0)
(c)State with reason whether the following statements are true or false.2x5
(i)   (0)
(ii)   (0)
(iii)   (0)
(iv)   (0)
(v)   (0)
6.(a)3+3 (0)
(b)2+2 (0)
7.(a)6+2 (0)
(b)1+1 (0)
8.(a)2 (0)
(b)From the following information, Calculate1x4
(i)   (0)
(ii)   (0)
(iii)   (0)
(iv)   (0)
(c)For ABC Ltd., if the margin of safety is Rs.2,40,000(40% of sales) and P/V ratio is 30%. Calculate:1x4
(i)   (0)
(ii)   (0)
(iii)   (0)
(iv)   (0)