Previous Paper (Solved) UNIVERSITY OF DELHI—M.COM Entrance Test-2016* 1. Costs incurred in the past are: ‘A. Opportunity cost B, Direct and historical costs CC. Sunk costs D. Variable Coss 2. Which of the following is often subject to further processing in order to be salable? By-producs ——Serap A No No BNO Yes CG va Yes iw No 4 Cost-volume — profit relationships that ste curvilinear may be analysed linearly by considering onl. ‘A. Fixed and semi variable costs B. Relevant fixed costs CC. Relevant variable costs D. Relevant range of volume fixed manufacturing overhead (000 and variable selling costs ie costing, bow 4. Accompany has costs of € 1,004 ‘of © 80,000. Under variabl Should these costs be classified Period costs Product costs A Ze10 1,80,000 B.— 80,000 100,000 © 1,00,000 ‘0,000 DB 1,80,000 Ze S. Accrual basis accounting ‘A. Resulis in higher income than eash basis accounting of more complete B, Leads to the porting infomation than does cash basis accounting Fa baton 062046 1 9. 10. u. Cc. Is not acceptable under GAAP 1D. Omit adjusting entees at the end of the period Which ofthe following is not an account? [A Sales revenue B. Net sales D. Supplies expense ©. Salaries ‘Accounting conventions include all of the following excep: ‘A Periodicity -B. Mateility D. Cost-benefit ©. Conservatism Which of te folowing accounts would never be reported in the income statement as an ‘expense? ‘A Depreciation expense B. Loss on sale of machinery Interest expense , Dividends expense [A capital serve is built out of ‘A. Recurring profits B. Non-eecusing profits : Revente D. Reserve fund With reference to analysis and interpretation of financia statements, the curtent assets 10 the current liability ratio is said to be satisfactory, I i is AL: Bad cal D. 15:05 X Lid. goes into liquidation and an existing ‘company Z Ltd. purchase the business of X. Lid. Iris a case of A. Absorpéion B. Externaional ReconstructionC. Anatamaton 5 oe ote stove thre pois and ous inthe ratio 32 rd She een amid i It share ti tnd ses Te ne ot shasng tao ofthe panes wil be pee Bts2et SET2 BL Nene ofthe stove 18. The profits made during the year were 2°25.000 and tee was 4 derese in the Salve of carrer astts tothe exent of Tito. However tee was dere in the auc of curen libis tothe extent of E'S 000. Hence, cash generated from cpertons eal Re 20000 ©. & 3000 14. The value of goodwill, according 10 the Simple potted. Ae produto cent yeas profs and umber of years 3. The prod! of last year's profit and nr ot yeas The Pod! of terage profs fhe given yeu tnd sunber of yas owe of te shove B, © 25,000 D. None of the above case of inflationary environment: Cost of Goods Sold as per FIFO will be higher than LIFO BB. Cost of Goods Sold as per LIFO will be higher than FIFO . Closing inventory as per LIFO will be higher than FIFO D. None of the above 16. The underlying accounting principle necessitating amortization of Intangible Assets is/are: 17. The management decided that depreciation should be charged at 20% on writen down basis on the closing halance of each year. 1. a. 28cm) Wag) 1 ‘Accounting is calendar year. On 1.72014 new ‘machine was purchased at cost of& 50,000," ‘What i the balance in machinery acount ay on 31.12.2015? B. & 32,000 ‘A. © 36,000 1 ©. 8 18.000 De 40000 . Preference shares of & 2 lakh are redeemed at par for which fresh equity shares & 80,000 are issued at a premium of 10%. What amount | will be transferred to capital Redemption. Reserve Account? A © 200000 —_B. & 1,20,000 ©. 811200 DN ‘When debentures are provided as collateral security, interest in paid on: ‘A. Nominal value of debentures B. Face value of debentures . Discounted value of debentures D.'No interest is paid ‘The following is a non-current account: A. Inventory B. Plant and Machinery ©. Debtors D. Account Receivable Unit matrix written in format of square is also called as: ‘A. Identity matrix B. Unidentified matrix C. Direction matrix D. Dimension matrix At a maximum turning poiat:x = output [At what output i total revenue @ maximum? Aas BI ©2 Di 24, Function is defined by: fis) = 22 + 64 Find f-2) AB B23 cn D. None ofthe sbove 25, For a new product, a. manufacturer spends %1,00,000 on the infrastructure and the ‘vatabl cost is estimated as & 150 per unit of the prxet. Te sale price per unit was fixed a € 200. Find the break-even point. A. 500 B, 1000 1500 D. 2000 26, The cost function of @ firm is given by 28+ x- 5. Find the marginal cst, when 4 All B18 c19 D2 27 Interest rate per year is 16 and compounding fceurs every quarter then interest rate per compounding periods: A os B. 004 c. 40 D. 0.004 28, A sum fetched « total simple interest of 4016.25 athe rate of 9 px-pa. in 5 yeas What isthe sum? Ae 44250 -B, € 8032.50 ©. 8 9900 D. & 8925 29. The diference between simple interest and compound on & 1200 for one year at 10% pet annum reckoned hll-yealy #8 AT250 Be3 ce tars Dts 38. The effective annual rate of interest onesponding to a nominal rate of 6% pet 'snaum payable hal-yearly Is A 6.06% B. 607% 6.08% D, 6.09% 3. ih of he flowing is wet eepresent 8 nowa value for the population variance’ 2. 2. 3. AS Bo Ce pe If Spearman's co-efficient of rank correlation is equal 10 one, then: ‘A. The rankings of the two variables totally agree B. The rankings of the two variables is totally different All the “total vairation” is “explained” by the rezression line . The rankings ofthe two variables partially gree This inder measures the change from month to month in the cost of a representative "ask" of goods and services of the 1yPE bought by a typical household ‘A. Retsil Price Index B, Laspeyees Price Index CC. Financial times Index . Paasche Price Index Lf we frst subtract the wend value (T) foreach {quaner trom the original value (¥). then Average the values for a given quarter over Successive years, then for short-term data we et: K. Unseasonal data B. Cyclical component © Deseasonalised data D. Seasons! component . Diserete probability distribution in. which ‘outcome is very small vith avery small period of time is elassifed as ‘A. Postrir distribution B. Cumulative distribution CC. Notmal distribution D, Poisson distribution 1 the value of 7? = 0.64, then what isthe coefficient of eoreaton: A040 B. 0.04 c. 080 D 0.08 fp stands fr: A. Finite parameter correction B. Finite population coefficient C. Finite parameter coeicient D. Finite population correction