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JAIIB-AFB-RECOLLECTED QUESTIONS FROM NOV/DEC 2018


1. More Theory based questions Approx - 30% numerical

2. As 6 - Depreciation Accounting

3. Spot Rate

4. Numerical on sum digit depreciation

5. Computarised accounting 2 question

6. Ratio Analysis : Debt Equity Ratio, Current Ratio, Total Asset were given. We need to find Current Asset.

7. 1 question on exchange rate.

8. 3-4 questions theory on rectification and error

9. 4-5 questions related to daily banking activity

10. Calculation of net profit

11. Bills discounting

12. BRS 2 questions

13. 3 qns NPV

14. 4 Depreciation- Sum of year method

15. Bond yield

16. YTM calculate

17. Maximum theory questions related to Trial Balance

18. Principal amount 55000 IRR 15% and term 5 years and 11% ...calculate NPV?

19. Which error won't effect trail balance ?

20. What is double entry system?

21. Features of cost based concept accounting ?

22. Sold goods to Mr.M ...trail balance entries will be? Which account is debit

23. Which of the one is not belongs to reporting stage?

24. Process of Posting of entries in ledger is called?

25. Adjusting entries will effect which of the accounts?? p&l / balance sheet / trading account / None of the above
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Machinery value - 12,00,000, Salvage Value - 1,00,000, Useful Life in Years - 10 Years
Use sum of the years' digits method of depreciation to find the depreciation for 3rd year.

Solution :
Sum of the Years' Digits = 1 + 2 + 3 + 4 + ... + 10 = 10(10 + 1) ÷ 2 = 55
Depreciable Base = 12,00,000 − 1,00,000 = 11,00,000
1st year = 10/55*1100000 = 200000
2nd year = 9/55*1100000 = 180000
3rd year = 8/55*1100000 = 160000

Book Value at the end of 3rd year = 1200000 - (200000 + 180000 + 160000)
= 1200000 - 540000
= 660000
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