F.Y.B.Com. (Sem. 1) (English Medium)

Prepared By: Ajay Prajapati 95102 73185 Bardoli By: Divine Creation

Subject: Financial management accounting – 1

Theory questions

(1) What is garner vs. Murray decision? Explain its main features.

(2) State the distinction between the distributions of capital deficiency of insolvent partners among the solvent partners under the following condition.

(a) When the partners capital accounts are fixed.

(b) When capital accounts are fluctuating.

(3) Short note: Capital Deficiency.

(4) Short notes: (a) “Maximum Loss Method” (b) Distribution of cash as per “Surplus Capital Method.”

(5) State the order of payment according to partnership law on dissolution of a firm.

(6) Why should cash be distributed piecemeal on dissolution of the firm?

(7) Discuss the methods of calculating the purchase consideration in case of the conversion of a partnership firm into company.

(8) Explain: net assets method.

(9) Give a difference between sale of a firm & dissolutions of a firm.

(10) What is balance sheet? State its limitations and functions.

(11) Explain following term with examples: (a) tangible & intangible assets (b) fictitious assets (c) owners funds (d) capital employed (e) working capital. (f) Current liabilities & current assets (g) secured loans & unsecured loans.

(12) Objectives of preparing balance sheets.

(13) Give three illustrations of intangible & fictitious assets.

(14) Prepare the vertical balance sheet by using of an approximate amount and entries.

(15) write short notes: (a) voyage accounts (b) Address commission (c) primage (d) importance of the voyage a/c. (e) objects of voyage accounts. (f) Mail money & passage money. (g) Repairs & renewal reserve. (h) Managers Commission.

(16) Prepare the voyage account by using of an approximate amount and entries.

F.Y.B.Com. (Sem. 1) (English Medium)

Prepared By: Ajay Prajapati 95102 73185 Bardoli By: Divine Creation

Subject : Statistics for Business

Theory questions

(1) Give the meaning of limit of a function.

(2) Explain the meanings of: (a) X → 0 (b) X → 3 (c) X → α (d) X→ ∞

(3) State the rules of limits.

(4) Explain: Lim X → α ƒ(x) = Ɩ

(5) If Ý= ƒ(x) is a continues function of x, define the derivative of

ƒ(x) at X = α

(6) Define the derivative of a function. State the rules of derivative.

(7) Using the definition of derivative, find the derivatives of

Ƒ(x) =√𝑥 and ƒ(x) = 1 ∕ 𝑥

(8) What is meant by minimum and maximum value of a function? Give necessary and sufficient condition for a function for a function to be a maximum or minimum.

(9) Define partial derivative of a function.

(10) Show the rough graph of (sketch) of maxima & minima on a function graph.

(11) What is association of attributes? And also state the types of association with examples.

(12) What is consistency of the data?

(13) Explain the method of comparison of observed and expected frequencies to find the association of attributes.

(14) Explain: (a) random experiment (b) Mutually Exclusive events (c) Exhaustive events (d) Event A U B (e) Event A ∩ B

(15) Explain: Mathematical definition of probability. (With limitation)

(16) Give definition of: (a) statistical probability. (b) Modern or axiomatic definition probability.

(17)Explain: Bayes’ Theorem.

(18) What is Conditional probability?

(19) What is statistical Quality Control?

(20) What is variation in Quality? Explain the types of variation in Quality and causes of variation in a production process.

(21) Explain: (a) Control limits (b) the principle of theory of run.

(22) State: the Uses of Quality control.

(23) Short Notes: (a) charts for variable (b) rational sub grouping (c) Control limits, specified limits & Modified limits. (d) 3σ limits in SQC.