Exam Details
| Subject | Record to Report | |
| Paper | ||
| Exam / Course | Diploma in Business Process Outsourcing | |
| Department | School of Vocational Education and Training (SOVET) | |
| Organization | indira gandhi national open university | |
| Position | ||
| Exam Date | June, 2016 | |
| City, State | new delhi, |
Question Paper
1. State whether the following statements are True or False
Recurring entries require to be passed after every certain period.
Debit balance in the cash book means favourable balance.
The term depreciation, depletion and amortization refer to one and the same thing.
Book Value Original Cost-Accumulated Depreciation
Budget period refers to forecasting period beyond one year.
2. Fill in the blanks:
A is both plan as well as a control tool.
is the basis for preparation of the budget.
Baumol explains the cash holding principle under condition of
is the most liquid asset that a business owns.
refers to the time taken by bank in collecting cheques.
SECTION
(Attempt any three questions)
3. Why is it required to reverse the entries? Explain different types of reversal entries.
4. Explain the methods of preparing cash budget.
5. Discuss the methods of accounting for costs of various types of fixed asset.
6. Define depreciation. Explain the factors affecting depreciation.
SECTION
(Attempt FOUR questions in all Q.No. 7 is compulsory)
7. Prepare a Bank Reconciliation Statement as on 31-12-2013 from the following particulars:
Overdraft as per Cash Book as 31-12-2013
Cheques deposited but not yet credited by Bank
Cheques deposited but dishonoured by Bank
Cheques issued but not yet presented for Payment
Interest on overdraft not recorded in Cash Book
A cheque of 2420/- received from a customer, entered in Cash Book but not sent to Bank.
8. Discuss the importance of Record to Report in business.
9. "Efficient Cash Management will aim at maximising the cash inflows and slowing cash outflows". Discuss in detail.
10.(a) Differentiate between 'Cycle Time' and 'Timeliness.
Explain how proper hiring and training act as controls.
How would you control the risks associated with Fixed Assets?
11. What is reporting? Explain the characteristics of tax reporting. Why is management reporting integral for the company?
Recurring entries require to be passed after every certain period.
Debit balance in the cash book means favourable balance.
The term depreciation, depletion and amortization refer to one and the same thing.
Book Value Original Cost-Accumulated Depreciation
Budget period refers to forecasting period beyond one year.
2. Fill in the blanks:
A is both plan as well as a control tool.
is the basis for preparation of the budget.
Baumol explains the cash holding principle under condition of
is the most liquid asset that a business owns.
refers to the time taken by bank in collecting cheques.
SECTION
(Attempt any three questions)
3. Why is it required to reverse the entries? Explain different types of reversal entries.
4. Explain the methods of preparing cash budget.
5. Discuss the methods of accounting for costs of various types of fixed asset.
6. Define depreciation. Explain the factors affecting depreciation.
SECTION
(Attempt FOUR questions in all Q.No. 7 is compulsory)
7. Prepare a Bank Reconciliation Statement as on 31-12-2013 from the following particulars:
Overdraft as per Cash Book as 31-12-2013
Cheques deposited but not yet credited by Bank
Cheques deposited but dishonoured by Bank
Cheques issued but not yet presented for Payment
Interest on overdraft not recorded in Cash Book
A cheque of 2420/- received from a customer, entered in Cash Book but not sent to Bank.
8. Discuss the importance of Record to Report in business.
9. "Efficient Cash Management will aim at maximising the cash inflows and slowing cash outflows". Discuss in detail.
10.(a) Differentiate between 'Cycle Time' and 'Timeliness.
Explain how proper hiring and training act as controls.
How would you control the risks associated with Fixed Assets?
11. What is reporting? Explain the characteristics of tax reporting. Why is management reporting integral for the company?
Other Question Papers
Departments
- Centre for Corporate Education, Training & Consultancy (CCETC)
- Centre for Corporate Education, Training & Consultancy (CCETC)
- National Centre for Disability Studies (NCDS)
- School of Agriculture (SOA)
- School of Computer and Information Sciences (SOCIS)
- School of Continuing Education (SOCE)
- School of Education (SOE)
- School of Engineering & Technology (SOET)
- School of Extension and Development Studies (SOEDS)
- School of Foreign Languages (SOFL)
- School of Gender Development Studies(SOGDS)
- School of Health Science (SOHS)
- School of Humanities (SOH)
- School of Interdisciplinary and Trans-Disciplinary Studies (SOITDS)
- School of Journalism and New Media Studies (SOJNMS)
- School of Law (SOL)
- School of Management Studies (SOMS)
- School of Performing Arts and Visual Arts (SOPVA)
- School of Performing Arts and Visual Arts(SOPVA)
- School of Sciences (SOS)
- School of Social Sciences (SOSS)
- School of Social Work (SOSW)
- School of Tourism & Hospitality Service Sectoral SOMS (SOTHSM)
- School of Tourism &Hospitality Service Sectoral SOMS (SOTHSSM)
- School of Translation Studies and Training (SOTST)
- School of Vocational Education and Training (SOVET)
- Staff Training & Research in Distance Education (STRIDE)
Subjects
- English Communication and Accountancy
- Fundamentals of Accounting
- Introduction to Finance and Accounting
- IT skills
- Order to Cash
- Procure to Pay
- Record to Report