## Sunday, October 28, 2012

### "When You Know Better You Do Better"

Shortcut technique to find square of a Number

a)      The square of a number ending with 5:
If n is the number formed by the preceding digit/s (before the 5), get the product of n and n+1. Then just append 25 (i.e. 5 x 5) to this product.
For example, 75^2:
7 x 8 = 56; therefore solution is 5625.

Another example, 115^2:
11 x 12 = 132; therefore solution is 13225

b)      For other cases
For other cases of squaring, the same shortcut techniques used in multiplication may be utilised. Especially the general-purpose Urdhva Tiryagbhyam (Vertically and Crosswise) formula. To get the square of a number (of two or more digits), simplify by splitting it into at least two parts, a and b.

Thus (a + b) ^2 = a^2 + 2ab + b^2

The solution comprises three parts, neatly fitting the three boxes shown above. Just adjust for excess carry over.
2)      The middle: crosswise multiplication and doubling a x b x 2
3)      The tail: b^2

Here is a simple example to illustrate this technique.
23^2 = 529
The steps are:
1)      Tail: 3^2 = 9, put it down in the rightmost box
2)      Middle: 2 x 3 x 2 = 12, put down the 2 in the middle box and carry over the 1
3)      Head: 2^2 = 4, plus the 1 carried over, is 5 in the left box.

### "When You Know Better You Do Better"

Quick Multiplication Technique

Multiplication of Two numbers with the help of one reference Number when both numbers are nearest to each other.

Consider the following example:
MULTIPLY: 96 X 97 =?
Ans: 9312 see trick below.
First step
Take 100 as a reference number since it is nearest to both the numbers. In case of 48*47 we can use 50 as reference number.
Second Step
Find difference from reference no. Subtract 96-100 = -4 and 97-100 = -3
Third step
Then find sum of ist term with the difference from 2nd term and sum of 2nd term with difference of ist term. we will get the same result. i.e. 96-3=93 and 97-4=93. The sum of both must be equal.
Fourth step
Then multiply 93 with the reference no 100. We will get 9300.
Fifth step
Multiply differences as calculated in 2nd step i.e. -4 X-3 gives us +12. Add this 12 with 9300 we will get 9312.

Multiplication of Two numbers with the help of two reference Number when the difference between two nos. is higher.

MULTIPLY: 8 X 37 =?
Ans: 296 see trick below.
First step
Take 10 as a reference number for 8 and 40 as a reference number for 37. Its shows the reference no of 8 is four times the reference number of the 37.
Second Step
Find difference from reference no. Subtract 8 - 10 = -2 and 37-40 = -3

Third step
Then multiply the first difference i.e. -2 by 4 (four times the multiplies of the reference no 10). We get -2 x 4 = -8.
Fourth step
Then add -8 with 2nd number i.e. 37. We get -8 + 37 = 29 and multiply it with main reference number i.e. 29*10= 290.

Fifth step
Multiply differences as calculated in 2nd step i.e. -2 X-3 gives us +6. Add this 12 with 290 as calculated above. we will get 296.

## Saturday, October 27, 2012

### CPT 200 - TOPIC 7

Ratio:
A ratio is a comparison of the sizes of two or more quantities of the same kind by division. The comparison between two similar things, in the same unit, is based on the magnitude of the things.
If a and b are two quantities of the same kind, then the fraction a/b is called the ratio of a to b and is written as a: b. the quantities a and b are called the terms of the ratio,

a is called the ist term or antecedent

b is called the 2nd term or consequent

### CPT 200 - TOPIC 6

TRUE TEST OF PARTNERSHIP
According to Sec.4 of the Indian Partnership act, 1932 “Partnership is the relationship between persons who have agreed to share the profits of a business carried on by all or any of them acting for all.” Generally a partnership consists of three essential elements:
a)      There must be agreement between partners.
b)      The agreement must be to share the profits of the business.
c)       The business must be carried on by all or any of them acting for all.

## Friday, October 26, 2012

### Dibrugarh University - Financial Accounting 2007

(a) Fill in the blank;
1.       Valuation of inventories is account for as per accounting standard __________.
2.       Receipts and payment account is a _____________ account.
3.       International accounting standard Board’s headquarter is at______________.
(b) Write whether the following statement are true or false
1.       Registration of a partnership firm is compulsory.
2.       Minimum rent is also known as ‘ Rock Rent’ in Royalty Account.
3.       Hire purchase transaction are controlled by the Hire Purchase Act,1976.
4.       Unearned Income Account is a liability.
(c) Choose the correct word from the alternatives given in brackets:-
1.       The cost of goods sold on hire purchase is transferred to –(Sale Account/Purchases Account/ Hire purchase Trading Account)
2.       Revenue is considered as being earned when -9 Cash is received/ Production is done / sale is affected)
3.       If inventory at branch is shown at invoice price instead of cost price then the account which is used for adjustment is: (Reserve Stock account/ Stock Suspense Account / Stock Reserve Account)
(a) The provision of Accounting standard 6.
(b) Object of providing depreciation.
(c) Rule of Garner Vs. Murray.
(d) Inter departmental transaction.
(e) Repossession of assets under Hire Purchase system.

3. Jorhat Head Office send out goods to its Dibrugarh Branch at cost plus 331/3 %. The branch remits all cash received to the Head Office and all expenses of the all branch are met by Head Office. From the following particulars, prepare
a)      Dibrugarh Branch Account.
b)      Goods sent to Branch Account and
c)       Branch Stock Account in the books of the head office
d)      show Branch Debtors Account in working rate.
 RS Stock at Branch on 1-4-2005(Invoice Price) 1800 Stock at Branch on 31.03.2006(Invoice Price) 2000 Goods send tom Branch during the year(Invoice Price) 137500 Goods Returned by the Branch (Invoice Price) 7500 Cash Sales 30000 Credit Sales 99875 Goods Returned by customers 4000 Discount and Allowances to customers 6000 Bad Debts 500 Cash Received from customers 104500 Branch Debtors as on 1-4-2005 24000 Cash send to Branch: For Salaries 10000 For Rent 2400 For Sundry Expenses 2500

4. Bat, Ball and Wicket are in partnership sharing profit and losses in the ratio of 5:3:2 respectively. On 31st march 2006, they decided to dissolve the partnership and position the firm on that date was as following:
 Liabilities RS Assets RS Sundry Creditors 80,000 Land and Building 1,14,000 Bat’s Loan A/c 20,000 Stock 1,00,000 Capital Accounts: Sundry Debtors 1,00,000 Bat 1,20,000 Cash at Bank 6,000 Ball 80,000 Wicket 20,000 3,20,000 3,20,000
Land and Building were sold for Rs.80000 and Stock and Sundry Debtors realized Rs.60000 and Rs.82000 respectively. The expenses of realization amounted to Rs.2400.
Show the following accounts in the books of the firm:
a)      Realization Account
b)      Partner’s Capital Accounts.
c)       Bank Accounts
5.(a) How does the money measurement concepts limits the scope of accounting?
(b) Write four points in support of supports of the necessity of accounting.
(c) Write a short note on Account Standard Board set up in India.
6.  Shiva and Sambhu are partners in a Firm. the Trial Balance of the firm as  on 31th March, 2006 was as follows:
 Debit RS. Credit RS. Drawings: Shiva Sambhu Land and Buildings Machinery Salaries and wages Furniture Trade Expenses Sundry Debtors Discount Insurance Advertisement Cash at Bank Bills Receivable Closing Stock (on 31-03-2006) 2,000 3,500 40,000 18,000 3,700 6,500 1,900 24,600 1,000 1,200 3,000 2,900 4,000 36,000 1,48,300 Capital Shiva Sambhu Provision for Bad Debts General Reserve Sundry Creditors Outstanding Wages Bank loan (on 1-10-05) Trading Account (Gross Profit) 20000 30000 2000 10000 16000 2000 15000 53300 1,48,300
Prepare a profit and loss Account and profit and loss Appropriation Account for the year ended 31st march, 2006 and also a Balance Sheet as on that date after taking into consideration the following adjustment.
a)      Write off Rs.600 as bad debt and provide a 5% provision on the remaining debtors for doubtful debts.
b)      Interest on partners’ capital is to be allowed @5% p.a.
c)       Interest on Bank Loan is to be provided @10% p.a.
d)      Depreciation is to be provided on Land and Buildings @10%p.a., Machinery @121/2 p.a. and Furniture @5% p.a.
7. Distinguish between the following:- (4+4+4=12)
(i) Rent and Royalty.
(ii) Cash in Transit and goods in transit.
(iii) Hire purchase sale and credit sale.
OR
M/s Dutta Brothers has two departments- Pubali and Rodali. Department Pubali transfers goods to department Rodali at normal market price. From the following particulars, prepare Trading and Profit and Loss accont and the combined Income account for the year ended 31.03.2006 (4+5+3=12)
DEPARTMENTS

 Particulars Pubali Rudali General Stock: 1-4-2005 Purchases Transfer of goods from Dept. Pubali Wages Salaries(Deptt.) Stock: 31-3-2006 Sales Stationery Machinery Advertisement Salaries(General) General Expenses Depreciate machinery by 10%. The general un allocated expenses are to be apportioned between pubali and Rodali departments in the ratio of 3:2. 10000 230000 -------- 10000 6800 50000 230000 2000 -------- 20000 70000 16000 4200 18000 145000 16000 12000 10000 18000

In Lieu of Internal Assesment