BHOJ REDDY ENGINEERING COLLEGE FOR WOMEN

BTECH III FIRST SEM –THIRD MID EXAM

SUB :MEPA

Choose the correct answer :

1)Varma and Jain Co.is a ( )

a)Hindu Undivided family b)Partnership Firm

c)Cooperative Society d)Private Company.

2)Maximum number of shareholders in a public company ( )

a)100 b)20 c)50 d)none

3)Maximum number of partners in a Banking Partership Firm ( )

a)5 b)7 c)10 d)100

4)Maximum number of members in a Cooperative Society ( )

a)10 b)20 c)50 d)100

5)Eldest member and head of HUF is known as ( )

a)Kartha bhartha c)Chairman d)Director

Fill in the blanks :

6).________________is a pessimistic brocker in stock market.

7)________________is an Optimistic brocker.

8)________________is theoldest stock exchange in India.

9)_________________is one who does not take part in the administration

of partnership firm ,but contributescapital.

10)_______________partner’s liability is limited to the extent of capital

provided by him/her.

11)________is a document which contains invitation to the public to

subscribe the shares of a company

12)________is the agreement of a partnership firm (which is must )

13)PV of cash inflows –PV of cash outflows=________________

14)___________is a rate at which cash outflows are equal to cash inflows.

15)BC Ratio =____________.

Descriptive :

1 . Following is the relevant data for two machines Aand B.

Particulars

Capital outlay

Net cash flow

I Year

II Year

2,000

1,000

-----

2,400

800

2,000

Calculate (i)payback Period (ii)ARR for both machines and suggest which is a better ?

2 .

Year

CFAT

10,000

10,450

11,800

12,250

Cost of capital is 6%

Initial outlay is 50,000

Calculate NPV

3 . Calculate PI in the above problem.

4 .Calculate Depreciation per annum from the following.

Cost of machine = Rs.11,00,000

Life = 5 years

5 .Investment =Rs. 5,60,000 K=11%

CFATS 80,000 per annum for 15 years , calculate NPV using PV factor of Rs 1 Annuity.

III B.TECH I SEM FOURTH MID EXAM

SUB: MEPA

1)Ledger is a ( )

a)Set if books b)Set of accounts c) Group of Debits d)Group of Credits

2)Journal is a ( )

a)Books of Entries b)Accounts of Entries c)Primary Account d)Secondary Account

3)Trial balance is a ( )

a)Statement of Entries

b)Statement of Assets and Liabilities

c)Statement of Incomes and Expences

d)Statement of closing Balances

4)Tow aspects of a transaction are ( )

a)Dr and Cr b)Income and Expence c)Assets and Liabilities d) Profit and Loss

5)Sales –Cost of Sales=________________

a)Profit b)Asset c)Liabilities d)Depreciation

Fill in the blanks:

Left side of an account is more than right side the difference is said to be __________balance.
____________means transferring entries from Journal to Ledger.
“Debit all expences and Credit all incomes “ is the rule for___________ Account
Principles of Accounting are divided into ________________and______________

5.Journalise the following transactions:

1.Started buisness with Rs.25,00,000.

2.Purchased Land worth Rs. 1,00,000.

3.Purchased goods worth Rs. 1000.

4.Sold Land worth Rs. 50,000.

5.Sold goods Rs. 2,000

6. Sold goods Rs. 1500.

Date	Particulars	L F	Debit Rs Ps	Credit Rs Ps

6. Prepare Capital A/s,cash A/c and Sales A/c. ( 5 marks )

cash A/c

Capital A/c

Land A/c

Purchases A/c

Sales A/c

Trial Balance

	Debit	Credit

III BTECH -1SEM MID EXAM

SUB:MEPA

1)Which is an Imputed cost?

a)Machinery b)Depreciation c)Plant d)none

2)Sales above the B.E.P are

a)Cost to cost sales b)Margin of Safety Sales c)Cash sales d)Credit sales

3)Economics are

a)Benefits b)costs c)losses d)none

4)Contribution =______________

a)S-V B)F-P C)S+V D)NONE

5)Marginal costing equation is

a)S+V=F-P b)S-V=F+P c)F+V=S-P dNone

6)Information and Concentration economies are_______________ economies.

7)Technical and Research economies are____________________________economies.

8)Acost which does no result in any cash outflow is a ______________________cost.

9)Formula of B E P =_______________________________.

10)In P/V ratio ,V is_______________________________

11)Formula of P/Vratio______________________.

12)Contribution to Sales Ratio isalso known as _______________

13)_________cost will increase/decrease with the output.

14)_________cost will not change with the output.

15)_____________________are the combinations of factors of production which will yield same output.

16)From the following data calculate :

i)P/V ratio ii)New BEP if selling price is reduced by 10%

FC=Rs.4000; BEP=Rs 10,000

17)What is the formula of sales in units for a desired profit ?

18)List all internal economies .

19)Calculate BEP from the following figures :

Sales :Rs2,00,000 ;Fixed expences :Rs 50,000 ;Variable expences: Rs 1,00,000

20)Explain “Law if Variable Proportions”.

B.TECH III-FIRST SEM-FIRST MID EXAM

SUB:MEPA

Choose the correct answer:

1)What is not the degree of elasticity of demand? ( )

a)relatively elastic b)inelastic

c)unilaterally elastic d)relatively inelastic

2)Allocation is to be made when there is ( )

a)full supply scarcity c)no supply d)none

3)Which is not a branch of economics? ( )

a)micro economics b)macro economics

c) managerial economics d)none

4)Which is a determinant of demand? ( )

a)consumer’s preference b)elasticity

c)producer’s income d)none

5)Who got the noble prize for contribution to welfare economics ( )

a)Alfred Marshall b)Adam Smith c)Amartya sen

d)none

Fill in the blanks:

6. Firm demand/Industry demand is demand for__________goods.

7)With the increase in the price of_______good,demand for that good will increase.

8)Telephone and Cellular phone are_____________goods.

9)Stocks,Necessities are______________goods.

10)Inferior goods are also known as________goods.

11)Superior goods are also known as_________goods.

12)Demand for producer goods is known as_________Demand.

13)Economics is a _____________of wealth.

14)___________economics is concerned with individual Units.

15)With the increase in the income of the consumer ,demand for a good will____________.

Answer the foll:

16)What is Demand function?

17)What is Law of demand?

18)Give examples of Superior Goods.

19)What is Demand?

20)Give examples of Inferior goods.

Bhoj reddy Engineering Collage for Women

III B. Tech I Semester V Mid Examination

Multiple choice

1. Sales – Cost of Goods Sold = ________

(a) GP (b) NP (c) DP (d) none

2. GP – Other Cost = _________

(a) Cost of Goods Sold (b) NP (c) DP (d) Cost of Sales

3. Anything which is receivable is________

(a) Income (b) Liability (c) Expense (d) Asset

4. Where does “ Office Expenses / Non Manufacturing Expenses”

appear?

(a) Trading A/c (b) P&LA/c (c) Balance Sheet (d) None

5. Where does “Carriage Outwards” appear?

(a) Trading A/c (b) P&LA/c (c) Balance Sheet (d) None

Fill in the blanks

1. ‘Bills Payable’is a ____________

2. Current Ratio =________________

3. Quick Ratio= _________________

4. Stock is a _____________asset

5. Goodwill is a __________ asset

6. Creditors is a ________ liability

7. ‘Dividend Received’ will appear in_________

8. ‘Commission Recevised’ will appear in ________

Sales = 2,00,000 Octroi = 4,000 Fuel = 2,000 Stationary =400 Wages = 2,000 Purchases = 40,000then, GP=______and NP =________

Problem

Debit balances:Stock (1-1-03)=4,000 Building =5,400 Motor Van=7,000

Perchases=20,000 Debtors=20,000 Drawings =1,800 Carriage Inwards=10,000 Cash at Bank =3,000 Interest Paid = 900selling Expences =400 Wages =300 Goodwill=17,200

Credit balances :Loan from CHESS =20,000 Sales =30,000 Capital =40,000

Stock on 31-12-03 was valued at Rs 1,200

Prepare 1)Trading A/c(1 mark)

2)P&L A/c (2marks)

3)Balance sheet (2 marks)

Trading A/c for the year ended 31-12-03

Profit and loss A/c for the year ended 31-12-03

Balance Sheet as on 31-12-03

LIABILITIES	AMOUNT	ASSETS	AMOUNT

Bhoj Reddy Engineering College for Women

Hyderabad

II B Tech – II Semester – II Mid Examination

Subject : MEFA

Branch : CSE A & B, IT, ECE A & B, EEE Max Marks: 20

Date : 23.02.06 Time: 20 mts (9.35 am to 9.55 am)

Hall Ticket No : Signature of the Invigilator :

I have verified my marks signature of student

_______________________________________________________________________________

1. Closing Stock is recorded in

a. Trading A/c and Balance Sheet b. Profit and Loss A/c c. Balance Sheet Only d. None ( )

2. A Profit and Loss account is prepared

a. for a certain given period b. at a particular point of time c. on fixed date d. None ( )

3. A Balance Sheet discloses the financial position of a firm

a. for a given period b. on a certain fixed date c. both d. None ( )

4. Profit and Loss account shows the

a. profit earned by a business b. total capital employed c. profit & loss through sale of assets d. None ( )

5. Stock in trade is _____________ asset

a. a current b. a fixed c. an intangible d. a fictitious ( )

6. Balance Sheet shows the

a. profit earned by a business b. financial position of the business c. balance of all accounts d. None ( )

7. Expenses relating to sale of goods are shown in

a. trading account b. profit and loss account c. balance sheet d. None ( )

8. Liquidity ratios measure _____________ solvency of a firm

a. short term b. long term c. both d. None ( )

9. Solvency ratios are not called as ____________ ratios

a. Leverage b. Capital Structure c. Liquidity d. None ( )

10. According to Dual Aspect concept

a. Assets>Liabilities b. Assets<Liabilities c. Assets=Liabilities d None ( )

11. Bad debts recovered are transferred to the _______________ side of the Profit and Loss a/c

12. For goods withdrawn by proprietor for personal use, _____________ account is debited

13. Two elements of quick ratio are quick assets and ________________________

14. Rule of thumb for current ratio is _______________

15. Quick ratio is also called as ____________________

16. Sales – Gross Profit = _________________________

17. Every business firm continuous forever and it has a perpetual life is the assumption of _______________________ concept

18. Save today and survive tomorrow is convention of _________________

19. Maintenance of cash book and personal accounts only is done in __________________ entry book keeping

20. Write about the accounting treatment of prepaid expense

Paper set by : A Ravi Prakash

MEFA II B. Tech II Sem

1.PC Khan and Sons is a ( )

a)Hindu Undivided family b)Cooperative society c)Public company d)None.

2.Minimum number of members required to form a public company ( )

a)2 b)5 c)7 d)10.

3.Maximum number of members in a private company( )

a)10 b)20 c)50 d)100.

4.Maximum number of members in a partnership firm( )

a)20 b)5 c)7 d)50.

5.Minimum number of members in a partnership firm ( )

a)2 b)5 c)7 d)10.

Fill In The Blanks:-

*************************

6.Expand P.I _________________ _______________.

7.P.I is also known as __________________ to_______________ ratio.

8.Expand N.P.V______________ _________________ _____________.

9.Expand A.R.R ______________ __________________ _____________.

10.Working capital is concerned with _________________ assets.

11.Capital budgeting is concerned with __________________ assets.

12.K = _______________________in capital budgeting.

13.Formula of P.I _______________.

14.Formula of N.P.V _______________.

15.A project costs Rs 2,00,000.Annual returns are 50,000 per annum for 6 years.Then pay back period =_______________.

Short Answer Questions:-

*************************************

16.What are the two types of capital budgeting techniques ?

17.What is the importance of working capital in a business?

18.Write four features of perfect competition?

19.Write four features of sole-propriertorship?

20.what is Time Value of Money?