The Institute of Chartered Financial Analysts of India University 2011 C.A Chartered Accountant Chartered Accountancy -Pcc - Mock Test Series 1 - Question Paper

(c) 12 members are present, 10 voted in favour and the balance against the
resolution.
(d) If in the above situation, eight abstain from voting, three voted in favour and one
against the resolution. Is the resolution carried out?
16. A Company wants to give financial assistance to its employees to enable them
to subscribe for fully paid shares of the company. Does it amount to purchase of
its own shares. If, in the instant case, the company itself purchasing to redeem its
preference shares, does it amount to acquisition of its own shares?
17. Distinguish ranging from Morals and Ethics
18. What Guidelines you would suggest for managing ethics in workplace?
19. elaborate the different kinds of Consumer Protection Councils in India?
20 Draft a power of attorney authorizing a Chartered Accountant to appear before
the Income Tax authorities.
PAPER – four : COST ACCOUNTING AND FINANCIAL MANAGEMENT
Part I : Cost Accounting
QUESTIONS
1. Identify the accurate ans from the provided options of the subsequent questions:
(i) 1 of the most important tools in cost planning is:
(a) Direct cost
(b) Budget
(c) Marginal costing
(d) None of above.
(ii) The main purpose of cost accounting is to :
(a) Maximise profits
(b) Help in inventory evaluation
(c) give info to management for decision making
(d) Aid in the fixation of selling price.
(iii) The variable cost per unit is,
(a) Variable in nature
(b) Fixed in nature
(c) Semivariable in nature
(d) None of the above.
(iv) A company presently does not utilise its available capacity. In case of full
capacity utilisation, the cost per unit shall
(a) Increase
(b) reduce
(c) Remain constant
(d) None of the above.
(v) Selling and distribution overheads are
(a) Product costs in a manufacturing environment
(b) Period costs in a manufacturing environment
(c) Neither period, nor product costs
(d) None of the above.
(vi) Separate books of accounts are maintained for costing and financial
accounting purposes under,
(a) The inter locking system of accounting

Earning:   Approval pending.