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1-13 Chapters Questions PDF
1-13 Chapters Questions PDF
Q8. A business has sales of Tk.1,00,000/-, cost of sales of Tk.60,000/- and expenses of
Tk.20,000/-. What is the gross profit margin?
Accounting
Professional Level: Knowledge Level
Q1. What are source documents used for recording financial transactions?
Q2. Definition: Invoice, credit notes, debit notes, delivery notes, goods received notes, sales
day book, purchase day book, cash book, Petty cash book, payroll
Q3. What are books of original entry used for?
Q4. What is the cash book used for?
Q5. What is the petty cash book used for?
Q6. What is the payroll used for?
Q7. What is the journal used for?
Q8. Petty cash is controlled under an imprest system. The imprest amount is Tk.100/-.
During a period, payments totaling Tk.53/- have been made. How much needs to be
reimbursed at the end of the period to restore petty cash to the imprest account?
Accounting
Professional Level: Knowledge Level
Ledger accounting and double entry (Chapter-4)
Q1. What methodically steps you need to follow for preparing income statement and
balance sheet?
Q1. What items include for calculating the cost of non-current assets? (Page-274-section
overview)
Q2. What do you mean about Part exchange value of asset? (P-274, S-1.2)
Q3. What is depreciation? (P-275, s-1.4)
Q4. What factors are relevant to calculate the depreciation? (P-275, S-1.4)
Q5. ABC enterprises purchased a new car for office use. The invoice received contained the
following information:
What was the total amount received from the issue of shares for the year ended
December 31, 2010? (Tk.60,000/-)
Q6. The following information is available in relation to the tax figures to be included in the
financial statements of Golden Ltd.
What is the total tax paid during the year ended December 31, 2007? (Tk.2,35,800/-)
Q7. Rodhall Ltd. has a property which cost Tk.1,00,000 on 01.01.2000. It had then an
estimated useful life of 50 years. On 01.01.2005 the property was revalued to
Tk.2,80,000/-. The company has no other non-current assets. How much will be credited
to Rodhall Ltd’s revaluation reserve on 01.01.2005? (Tk.1,90,000/-)
Q8. If tax is under provided in the income statement for 2008 what effect will be incurred in
the following year income statement? (A reduction in profit for the year)
Q9. What requires under BAS-8 a change in accounting estimate prospective application or
retrospective application?
Professional stage: Knowledge Level
Subject: Accounting
Sole trader and partnership financial statements (Chapter-13)
Q1. What are differences between sole trader & Company financial statement? (P-354,
section overview)
Q2. How calculate the net assets under sole trade financial statements? (P-354)
Q3. In 2005 Waris takes drawings of Tk.40,000/- and ends 2005 with net assets of
Tk.8,50,000/- and opening capital of Tk.7,08,000. He did not introduce any capital in the
year. What was net profit of Waris in 2005?
Q4. How a sole trader convert in to a company? (P-357, section overview)
Q5. Why would a sole trader wish to register as a limited liability company? (P-357, S-2.1)
Q6. Arun, a sole trader, has agreed to sell his business to Wymax Ltd for Tk.1,00,000/-, the
consideration to be paid in Tk.0.50 shares valued at Tk.0.80. The following information is
available about Arun’s business as at the sale date:
Q9. What are differences between capital and current account? (P-366)
Q10. What is the procedure for conversion or sale of a partnership to a company? (P-374, S-7)
Q11. Definition: Partnership (P-362), appropriation of profit (P-365), current account (365)