We Also Provide SYNOPSIS AND PROJECT. Contact www.kimsharma.co.in for best and lowest cost solution or Email: solvedstudymaterial@gmail.com Call: +91 82907-72200 (Call/WhatsApp) or +91 88003-52777 (WhatsApp Only) Corporate Accounting (VVN) 1 . Differenciate between Preliminary and Operatig Expenses? 2 . Compute the amount of gross profit and sales if opening stock is Rs. 60,000, Closing stock is Rs. 100,000, stock turnover is 8 times and goods are sold at a profit of 20% on sales. 3 . State the meaning and significance of following ratios:- (a). Investment-Coverage Ratio and (ii). Price-earning ratio 4 . The Debt-Equity ratio if a company is 1:2 which of the following transaction would incease decrease or not cahnge the ratio: (a). Purchaed fixed assets for Rs. 10,000 on long term deferred payment basis. (ii). Issued new equity shares ofd Rs. 50,000 and (iii). Paymsne of Rs. 20,000 of final dividend already declared. 5 . Take and imaginary figures and draw a Cash Flow Statement? 6 . Define the concept of Inernal Reconstruction and provide accounting treatmant for final settlement afer reconstruction? 7 . What are the stattutory books and statistical books required to be maintained by a company? 8 . Difference between Profit and Loss Account and Profit and Loss Appropriation Account? Case Detail : Canada based company PUDO announces that effective February 29, 2016 it has completed a vertical short form amalgamation (the "Amalgamation") with its wholly-owned subsidiary My Courier Depot Inc. ("MCD") in order to reduce internal administration and financial reporting costs. Pursuant to the Amalgamation, all of the issued and outstanding shares of MCD will be cancelled and the assets, obligations and liabilities of MCD will be assumed by PUDO. No securities of PUDO will be issued in connection with the Amalgamation and the share capital of PUDO will remain unchanged. The Amalgamation will not have any significant effect on the business and operations of PUDO. About PUDO Inc. PUDO is the last mile delivery solution for parcel pick-up and drop-off services, ensuring reliable and secure delivery where you want it, when you want it. Using easily-accessible PUDO Point™ locations such as convenience stores, gas stations and grocery stores with extended hours, PUDO members, participating e-commerce retail consumers, businesses and a home-based workforce can now pick-up their parcels anytime, including evenings and weekends. PUDO eliminates the frustration of missed deliveries and gives control over parcel pick-up and delivery back to its members. With user-friendly technology, free membership and thousands of PUDO Point™ locations across Canada and the U.S., PUDO is changing the parcel delivery model in North America. PUDO was named one of the top 20 most innovative public technology companies by the Canadian Innovation Exchange in 2015. This press release contains forward-looking statements. The use of any of the words "anticipate", "believe", "expect", "plan", "intend", "can", "will", "should", and similar expressions are intended to identify forward-looking statements. The forward-looking statements contained herein are based on certain key expectations and assumptions made by the Company, including but not limited to expectations and assumptions concerning the receipt of required regulatory approval. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. The forward-looking statements contained in this press release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. 1. What the case is all about? Provie the brief summary? 2. Why no securities of PUDO will be issued in connection with the Amalgamation and the share capital of PUDO will remain unchanged. Comment? 3. What are your views about Press Release? How it looks as a forward-looking statement. Question No. 1 Claim against a DEBTOR for an uncollected amount, generally from a completed transaction of sales or services rendered. Options Suspense Arrears Accounts receivables A/cs Payables Question No. 2 ……………… is a concept of complete removal of an amount due. Options Depreciation Abatement Avoidance Absorption Question No. 3 Funds used by a not-for-profit organization to account for all resources used for the development of a landimprovement are …… projects funds. Options Capital Non-accounted Accounted Miscellaneous Question No. 4 Lease recorded as an asset acquisition accompanied by a corresponding liability by the lessee is ………… lease. Options Non-accounted Accounted Fixed Capital Question No. 5 Brokerage firm account whose transactions are settled on a cash basis belongs to ………. Account. Options Open Cash Current Real Question No. 6 Recording and reporting of financial transactions, including the origination of the transaction, its recognition, processing, and summarization in the finak accounts. Options Annual Inspection Auditing checking Accounting Question No. 7 The sequence of steps followed in the accounting process to measure business transactions and transform the measurements into FINANCIAL TATEMENTS for a specific period. Options Accounting Cycle Accounting Trading Cycle Audit Cycle Question No. 8 The difference between the realistic interest and the interest actually used is referred to as………………... interest. Options Historical Depreciated Imputed Calculated Question No. 9 Mutual fund with a fixed number of shares outstanding that may be bought or sold iss ………. Fund. Options Fixed Capital Open Closed Question No. 10 Original cost of an asset to an entity is called ………………. Cost. Options Historical Accounted Depreciated Actual Question No. 11 A ratio used to indicate the number of times a company's average inventory is sold during an accounting period is ………….. Turnover ratio. Options Liquidity Solvency Inventory Profitability Question No. 12 A financial term for a specific type of commodities planning and trading. Options Development Plan R&D Hedge Arbitrage Question No. 13 Owner of property, the temporary use of which is transferred to another (LESSEE) under the terms of a LEASE. Options Asset owner Lessor Lease Owner Contractor Question No. 14 Any amount a corporation pays to a shareholder to directly or indirectly buy back its stock ………… mail. Options Red Green White Yellow Question No. 15 Movement from public ownership to private ownership of a company's shares either by the company’s repurchase of shares or through purchases by an outside private investor. Options Going Private IPO FPO Propspectus Question No. 16 Group that has authority to establish standards of financial reporting for all units of state and local government. Options Cas GASB FPO GAPS Question No. 17 Transferable agreement to deliver or receive during a specific future month a standardized amount of a commodity s called ………….. Contract. Options Surendered Contract Active Future Present Question No. 18 Person who takes on the risks of starting a new business. Options CFO Auditor Accountant Entrepreneur Question No. 19 Stock bonus plan of an employer that acquires SECURITIES issued by the plan sponsor. Options ESOP TSOP PPOP OROP Question No. 20 Method of computing a deduction to ACCOUNT for a reduction in value of extractable natural resources is called…………….. . Options Deflation Demand Loan Account for Depletion Question No. 21 Account considered to be an offset to another account is …….. . Account. Options Unaccounted Audited Contra parallel Question No. 22 The stockholders’ investment in a corporation is called ………….. Capital. Options Fixed Contributed Parallel Participated Question No. 23 Annual interest on a bond divided by the market price is called …… yield. Options Current Accounted Liquid Fixed Question No. 24 Individual who has died is called…………… . Options Liability Financial Burden Decedent Annudent Question No. 25 Goods bought for personal or household use, as distinguished from capital goods or producer’s goods, which are used to produce other goods. Options Consumer Goods White goods Electronics Goods Tangible Goods Question No. 26 Transaction under which the LESSOR borrows funds to acquire property which is leased to a third party is ………… lease. Options Current Accounted Leveraged. Abridged Question No. 27 Winding up an activity by distributing its ASSETS to the appropriate parties and settling its debts. Options Window Dressing Corruption Insolvency Liquidation Question No. 28 Difference between current assets and current liabilities is called…………. Options Net Profit Net Working Capital OROP Gross Profit Question No. 29 Sales at gross invoice amounts less any adjustments for returns, allowances, or discounts taken. Options Net Sales Journal Sales Revenues Actual Sales Question No. 30 Written promise to pay a specified amount to a certain entity on demand or on a specified date. Options Challan Contract Advisoty Note Note Question No. 31 Oldest and largest stock exchange in the United States, located at 11 Wall Street in New York City; also known as the Big Board and The Exchange. Options Chicago Exchange World Exchange NYSE IMF Question No. 32 Price per share at which a new or secondary distribution of securities is offered for sale to the public. Options offiring Price Open Price Current Price Market Price Question No. 33 Right to buy or sell something at a specified price during a specified time period. Options option1 Put Option Call Option Share Question No. 34 All post-retirement benefits other than pensions, provided by employers to employees. Options Pension OPEB NPV Gratuity Question No. 35 The ability to earn enough INCOME to attract and hold INVESTMENT capital. Options Pooling Estimate Profitability Projection Question No. 36 The place in a factory where products are made. Options Godown Supply Chain Product Line closed Circuit Question No. 37 Right giving existing stockholders the opportunity to purchase shares of a new ISSUE before it is offered to others. Options Green Right Preemptive Bonus share White Right Question No. 38 Asset placed in a trust and used as collateral for a DEBT. Options Auditing Acconting Pooling Pledged Question No. 39 A small amount of CASH that a company keeps on hand to pay for minor expenses in an office. Options Petty Cash Open Cash current Cash Small Cash Question No. 40 Percentage of a firm’s profits that is paid out to shareholders in the form of dividends. Options Payout Ratio Retention Ratio Offer Ratio Distribution Ratio We Also Provide SYNOPSIS AND PROJECT. Contact www.kimsharma.co.in for best and lowest cost solution or Email: solvedstudymaterial@gmail.com Call: +91 82907-72200 (Call/WhatsApp) or +91 88003-52777 (WhatsApp Only)