CLASS: TYBAF

SUB: FA VII
SEM : VI

UNIT NUMBER QUESTION TEXT

1 Balance Sheet of a Electricity Company is presented in _______.
1 _________ A/c shows the sources from which fixed capital is raised.
1 Balance on capital A/c is shown in the Balance Sheet on _____ side.
1 Depreciation is shown in ____________________.
1 Depreciation on fixed asset is credited to ________________ A/c.
1 Fixed Assets are shown at cost in ________ A/c.
1 Interest on Debentures is shown as ________.
1 _________ shows the operating result of the organisation.
1 Premium on issue of securities is retained as __________ item.
1 Expenses incurred are shown in _____.
1 Balance Sheet of Electricity Company is presented in
1 Fixed Assets are shown at cost in

1 Premium on issue of securities is retained as

1 Depreciation is shown as a depreciation in

1 Depreciation on fixed asset is credited to
1 Operating result is shown by
1 Preliminary Expenses are treated as
1 Under Double A/c system old asset continues to appear at

1 Book value of old asset is w/off under

1 The Electricity Act, 2003 has replaced

1 The authorities under the Electricity Act 2003 are

1 Security Deposit is credited to

Customer’s contribution for service line is disclosed in the balance sheet
1
under
1 For Capital expenditure purposes investment component has

1 In special category states 100% of the project cost is provided.

UNIT NUMBER QUESTION TEXT

2 The Maharashtra Coop. Societies Act was passed in ______.
2 Apex society operates at ______ ______.
2 Housing society is formed to provide ______ to members.
2 Register of members must be maintained in ______ Form.
2 Balance Sheet of a Coop. Society is prepared in Form ______.
 Section ______ of the Coop. Societies Act provides for investment of
2
funds of a Coop. Society.
2 A cooperative form of Organisation is based on the principle of

2 Cooperative societies are formed by

2 The aim of cooperative societies is

2 The Maharashtra coop. Societies Act was passed in
2 Maharashtra coop. societies rules are framed in
2 The society doing the business of bank is called as
2 Register of members should be maintained in form
Annual statements of accounts should be prepared with in – days of close
2
of the accounting year
Balance sheet and P & L A/C of a cooperative society should be
2
prepared in form
2 The amount of profit to be transferred to Reserve fund is
2 Payment of dividend by the society should not exceed
2 The amount to be set aside for chartable purpose is
2 Debentures should be shown under
2 Fixed deposits should be shown under
2 Live stock should be disclosed under
2 Goodwill should be disclosed under
2 Prepaid expenses should be disclosed under
2 Loose tools should be disclosed under
2 Govt. securities purchased should be disclosed under

UNIT NUMBER QUESTION TEXT

Register of allotment of flats is to be maintained by a Co. Op. _____
3
Society.
A Co. Op. Hsg. Society has to contribute ` _____ per member towards
3
education fund.
A Co. Op. _____ Society has to raise a bill on the members for outgoing
3
of the society.
3 The transfer fees should not exceed ` _____.
3 Income & Expenditure A/c is to be prepared in _____ Form.

3 Balance sheet of a co.op. Hsg. Society is to be prepared in _____ Form.

Property taxes in the case of co. op. Hsg. Societies are levied by _____
3
authority.
Sinking Fund is provided by a Co. Op. Hsg. Society as per by laws
3
_____.
3 Lease Rent is based on the _____ up area of the flat.
A Co.op. Hsg. Society has to transfer _____ of the net profit to _____
3
Fund.
Honorarium to office bearers should not exceed _____ % of the net
3
profit.
The rate of dividend cannot exceed _____% in the case of co. op.
3
societies.
3 Entrance fees received from the members is to be _____.
3 Premium on transfer of flat should be _____.
 3 Subscription to education fund is to be deposited with _____.

3 A cooperative form of Organisation is based on the principle of

3 Cooperative societies are formed by

3 The aim of cooperative societies is

3 The Maharashtra coop. Societies Act was passed in
3 Maharashtra coop. societies rules are framed in
3 The society doing the business of bank is called as
3 Register of members should be maintained in form
Annual statements of accounts should be prepared with in – days of close
3
of the accounting year
Balance sheet and P & L A/C of a cooperative society should be
3
prepared in form
3 The amount of profit to be transferred to Reserve fund is

UNIT NUMBER QUESTION TEXT

The investment intended to be held for less than _____ months is called
4
_____ investment as per AS–13.
The carrying amount of current investment is to be shown at _____ or
4
_____ which ever is lower.
The interest due upto date of purchase is to segregated from total price of
4
investment, if price is _____
4 The interest on investment is to be calculated on _____ of investment.

4 AS–13 provides for accounting for investment in _____ or _____.

UNIT NUMBER QUESTION TEXT

5 Asset management company manages _____.
5 Close ended fund has stipulated _____.

5 Growth oriented schemes offer higher _____.

5 Debt schemes invest in _____.

5 Return in debt schemes is _____.
5 Hybrid schemes invest in _____.
5 Mutual fund investments are _____.
5 _____ is the highest advantage of investing in mutual funds.

5 _____ _____ is the function of M.F.

5 M.F. may be _____ or _____.

5 FOF stands for _____ of _____ scheme.

5 _____ _____ _____ does not charge for entry or exit.
5 _____ _____ charges for entry or exit.

5 _____ _____ A/c are included in the Annual Report of a M.F.

5 Investment is carried in the Balance sheet at _____ _____.

UNIT NUMBER QUESTION TEXT
6 IFRS stands for ______ ______ ______ ______.

6 IFRS enhances ______ in accounting principles.

6 Financial statements based on IFRS become ______.
6 Companies Act ______ IFRS.
6 A core group is constituted by ______.
 OPTION_a OPTION_b OPTION_c OPTION_d
Schedule IV Schedule V Schedule III Schedule I
Original cost Replacement price Capital None of the above
Finance Cost Balance Sheet Liability None of the above
P & L statement Fixed Assets Finance Cost None of the above
Fixed Assets Original cost Capital None of the above
Balance Sheet Replacement price Original cost None of the above
Finance Cost Original cost Replacement price None of the above
Reserves & Surplus P & L statement General Balance Sheet None of the above
Original cost Reserves & Surplus Capital A/c None of the above
Capital A/c P & L statement Reserves & Surplus None of the above
Schedule III Format Three Parts Four Parts Five Parts
Revenue A/c Capital A/c Net Revenue A/c Balance Sheet
General Balance Sheet
Reserves & Surplus Revenue Item Net Revenue Item
Item
Reserve A/c P & L Statement General Balance Sheet Capital A/c
Depreciation Fund Revenue A/c Fixed Asset A/c Capital A/c
P & L Statement Net Revenue A/c Balance Sheet Capital A/c
Reserve Expenditure Other Current Assets Deferred Revenue A/c None of the above
Original cost Replacement price Market price None

Double Account system Single Account system Double Entry system Single Entry System.
Indian Electricity Act, Electricity Supply Act,
Electricity Rules, 1956 All of the above
1910 1948
Central Electricity Central Electricity State Electricity
All of the above
Authority Regulatory Regulatory Commission
Security Deposit A/c Customer’s A/c Electricity Co’s A/c All of the above

Share Capital Reserves & Surplus Non-Current Liability None of the above
Grant & Loans
Grant Component Loan Component All of the above
Component
90% Grants & 10% Loan 60% Grants & 40% Loan 30% Grants & 70% Loan None of the above

OPTION_a OPTION_b OPTION_c OPTION_d

1956 1965 1960 1966
Under investment Separately State level None of the above
social welfare charity Houses None of the above
II IV I V
N I D C
 70 50 60 20

democracy autocracy unity team spirit

weaker sections of the
rich people farmers Govt. servants
society
service profit social welfare charity
1912 1960 1980 1961
1980 1961 1985 1912
Central bank Cooperative bank Maha Bank Apex bank
A I D C

90 days 45 days 65 days 180 days

A N D B

10% 20% 25% 35%

10% 20% 12% 15%
10% 20% 25% 35%
Secured loans Unsecured loans Reserve fund None of the above
Loans Deposits Unsecured loans Current liabilities
Current assets Fixed assets Other assets Misc. expedience
Fixed assets Misc. Exp Intangible assets Tangible assets
Other items Advances Current assets none of the above
Fixed assets Current assets Other items Misc. Expenses
Investments Current assets Other items Misc. Expenses

OPTION_a OPTION_b OPTION_c OPTION_d

Housing Repairs Maintenance Renewal of property

`3 `5 ` 10 `7

Housing profit social welfare None of the above

` 20,000 ` 25,000 ` 15,000 ` 5,000

C N I D

I N D C

Built Local

10 12 13 14

social welfare Local Built

10% Reserve Fund 20% Reserve Fund 25% Reserve Fund 15% Reserve Fund

15% 25% 20% 5%

15% 10% 2% 8%

Capitalised Repairs Maintenance None of the above

Capitalised profit Maintenance None of the above
 Maharashtra Rajya
Renewal of property Maintenance None of the above
Sahakars Sangh
democracy autocracy unity team spirit
weaker sections of the
rich people farmers Govt. servants
society
service profit social welfare charity
1912 1960 1980 1961
1980 1961 1985 1912
Central bank Cooperative bank Maha Bank Apex bank
A I D C

90 days 45 days 65 days 180 days

A N D (B)

10% 20% 25% 35%

OPTION_a OPTION_b OPTION_c OPTION_d

9, current 2, current 12, current 5, current

number shares held face value of shares cost or market value None of the above

cost or market value no. of shares cum-interest None of the above

number shares held face value of shares face value None of the above

shares or debentures added to cost face value None of the above

OPTION_a OPTION_b OPTION_c OPTION_d

Maturity Period Fund of funds Mutual Fund None of the above
No load fund Debt Securities Maturity Period All of the above
Reserve for unrealised
Highly Liquid Capital Appreciation All of the above
gain
Market value Accrual Debt Securities None of the above
Load fund Mutual Fund Fixed All of the above
Accrual Debt & Equity Accrual All of the above
Market value Highly Liquid Accrual All of the above
Accrual Liquidity Market value All of the above
Open ended, Close
Formulation, scheme Balancesheet, Revenue None of the above
ended
Open ended / Close Balancesheet /
Formulation / scheme None of the above
ended Revenue
Fund of funds Mutual Fund No load fund All of the above
No load fund Load fund Mutual Fund All of the above
Load fund Mutual Fund No load fund All of the above
Balancesheet / Open ended / Close
Formulation / scheme None of the above
Revenue ended
Market value Accrual Debt Securities None of the above
 OPTION_a OPTION_b OPTION_c OPTION_d
Financial, Current, Non- International Financial
Initial, Planning, Execution None of the above
current Reporting Standards
Trading Override Uniformity None of the above
Override Trading Reliable None of the above
Expected Realisable Uniformity Override None of the above
IAS IFRS MCA None of the above