Corporate Law
Answer the following question.
Q1. How to resolve disputes (10 marks)
Q2. What are government companies (10 marks)
Q3. What is possession and retention of foreign currency (10 marks)
Q4. Define appropriate laboratory (10 marks)
Q5. Explain property in goods (10 marks)
Q6. Distinguish sale of goods and work & labour (10 marks)
Q7. Give kinds of bailment (10 marks)
Q8. Give meaning and effect of unilateral mistake (10 marks)
Financial and Cost Accounting
Answer the following question.
Q1. Explain the term Convention of materiality. (10
marks)
Q2. Define Budgetary Control and explain the pre-requisites for its successful introduction and implementation? (10
marks)
Q3. Explain the advantages of cost accounting. (10
marks)
Q4. Cost accounting has become an essential tool of modern management”. comment. (10
marks)
Q5. State the advantages of costing. How it aids the management and what objections are raised against cost accounts (10
marks)
Q6. Define “Costing”, “Cost” and “Cost Accountancy”. Distinguish between cost accounting and financial accounting. (10
marks)
Q7. “Cost accounting is a system of foresight like pre-natal care, but financial accounting is just a postmortem
examination”. Critically examine this statement
(10
marks)
Q8. Cost accounting is better understood as a cost control and cost reduction exercise and not a more cost ascertainment
process”. Discuss.
(10
marks)
Answer the following question.
Q1. How to resolve disputes (10 marks)
Q2. What are government companies (10 marks)
Q3. What is possession and retention of foreign currency (10 marks)
Q4. Define appropriate laboratory (10 marks)
Q5. Explain property in goods (10 marks)
Q6. Distinguish sale of goods and work & labour (10 marks)
Q7. Give kinds of bailment (10 marks)
Q8. Give meaning and effect of unilateral mistake (10 marks)
Financial and Cost Accounting
Answer the following question.
Q1. Explain the term Convention of materiality. (10
marks)
Q2. Define Budgetary Control and explain the pre-requisites for its successful introduction and implementation? (10
marks)
Q3. Explain the advantages of cost accounting. (10
marks)
Q4. Cost accounting has become an essential tool of modern management”. comment. (10
marks)
Q5. State the advantages of costing. How it aids the management and what objections are raised against cost accounts (10
marks)
Q6. Define “Costing”, “Cost” and “Cost Accountancy”. Distinguish between cost accounting and financial accounting. (10
marks)
Q7. “Cost accounting is a system of foresight like pre-natal care, but financial accounting is just a postmortem
examination”. Critically examine this statement
(10
marks)
Q8. Cost accounting is better understood as a cost control and cost reduction exercise and not a more cost ascertainment
process”. Discuss.
(10
marks)
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