commerce and accountancy question paper HCS mains 2009
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commerce and accountancy question paper HCS mains 2009
HCS Mains 2009 Commerce and Accountancy (Code 06)
Time : 3 Hours Maximum Marks : 150
Note: Attempt FIVE questions in all. All questions carry equal marks. Question no. 1 is compulsory. Answer two questions from Part -I and two questions from Part-II. The parts of same question must be answered together and must not be interposed between answers to other questions.
1. Answer any four of the following: (4x7.5=30)
(a) What are the different methods of calculating goodwill?
Would you Consider the Annuity method superior to other methods?
(b) Explain the concept of Budgetary Control. How does it operate as a tool of management control?
(c) “Under the Income Tax Act some incomes are totally exempted from tax while some incomes are partially
exempt.” Discuss this statement.
(d) State the essential features of Cost Audit. In what respect is Cost Audit different from Financial Audit?
(e) “A good leader helps his subordinates solve problems by themselves.” Comment?
(f) What is motivation? How can it improve productivity?
PART - I
2. In what circumstances would you consider necessary to issue a quali?ed report? Give a specimen of quali?ed report stating at least three reasons due to which you were bound to issue such a report. (30)
3. What do you understand by Working Capital? What factors would you take into account in estimating the working capital needs of a new concern? Discuss the various sources of raising Working Capital. (30)
4. a) Discuss how far the Reserve Bank’s control over the Indian money market is effective? (15)
b) The effect of a price reduction is always to reduce the P/V ratio, Increase the break-even point and to shorten the margin of safety. Explain and illustrate by numerical example. (15)
PART- II
5. De?ne a trade union. Discuss various factors which are responsible for trade union movements in India. (30)
6. What do you mean by Organization Theory? Explain the nature and concept of organization. Also differentiate formal
organization. (30)
7. a) Discuss the role of incentives in productivity. What are the different systems of incentive payments? (15)
b) “Organization is an important tool to achieve organizational objectives.” Comment. (15)