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JAIIB-AFB-RECOLLECTED QUESTIONS FROM NOV/DEC 2018


1. Opening stock 1000, Purchase 2000, Sales 1600, Expenses 500, Closing stock?

2. DE ratio 4:1, Current ratio 2:1, Owned funds : 3 lakhs, Total assets : 34 lakhs, Find current assets?

3. Machine value 30000, Salvage value 2500, Life 10 years, What is the 3rd yr depreciation value?

4. 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.

5. Generally cash book and passbook is differs in following situations??

6. Regarding non voting shares one questions

7. 1 $ = in rupees and 1$ = in euros. Find the value of 1 euro = in rupees

8. Housing loan priority sector 1 question

9. Current account can be opened by ......

10. Discount factor for 1 year for 10% rate.... 0.909

11. Which method doesn't take time value of money in consideration... NPC/IRR/PAYBACK METHOD - PAYBACK METHOD

12. If market value of the bond is equal to the face value..then intrest rate is?? YTM/Simple/Compound

13. 3 question on sum of digit method of depreciation... In one question dep. For 3rd year was asked and time period was 10 years.. In another que. Depreciation after 3rd year was asked

14. Which of the following is ont at the recording stage? Money measurement/Cost concept/Business entity/Going concern*

15. One question from reporting / recording stage

16. Overcasting in receipt side of cash book reconciled by what?

17. Bill of Rs. 94709 drawn on A on B for 3 month on 01.01.2017. A get the bill discounted from the bank on 16.02.2017. How much rebate amount will be deducted if the rate is 11.5% p.a? 2750/1300/1350/1400. Solution = 94709*11.50*45/36500 = 1342.79 = 1350

18. Debt Equity ratio is 3:1, the amount of total assets Rs. 20 lac, current ratio is 1.5:1 and owned funds Rs. 3 lac. what is the amount of current asset?

19. on 31st march 2017 the cash book and pass book shows balance of Rs. 20000 and 28000 respectively. The difference of Rs. 8000 was because of a cheque issued by the firm but not presented by the payee at the bank for payment. The balance sheet of the firm on 31st march 2017 will show the bank balance as___ a. Rs.20000. b. Rs.28000 c. Rs.24000 d. Rs. 8000

20. Debt equity ratio is 4:1, current ratio is 2:1, total assets 2000000, owend liabilities 300000. what is the current assets?

21. Goodwill comes under which Account - Real Account
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Debt equity ratio is 4:1, current ratio is 2:1, total assets 2000000, owend liabilities 300000. what is the current assets?

Solution :
Debt equity ratios is 4:1 means 12 lac : 3 lac
Asset = Current Liabilities + Debt + Equity i.e
20 Lac = Current Liabilities + 12 Lac + 3 Lac
Current Liabilities = 20 Lac - 15 Lac = 5 Lac
Current Ratio is 2 : 1
Current Assets = 2 x 5 = 10 Lac
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Debt Equity ratio is 3:1, the amount of total assets Rs. 20 lac, current ratio is 1.5:1 and owned funds Rs. 3 lac. what is the amount of current asset?

Solution :
Debt equity ratios is 3:1 means 9 lac : 3 lac
Asset = Current Liabilities + Debt + Equity i.e
20 Lac = Current Liabilities + 9 Lac + 3 Lac
Current Liabilities = 20 Lac - 12 Lac = 8 Lac
Current Ratio is 1.5 : 1
Current Assets = 1.5 x 8 = 12 Lac
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