please solve 5 from Section B

and 3 from Section C

section B is for 6 marks

Q11. Explain the rules of accounting standard (as) in respect of depreciation. Q12. Define accounting. Q13. What are direct expenses? Explain with example. Q14. Stat the difference between book keeping and accounting. Q15. What is a journal ? What are the different types of journals? Q16. Discuss the various branches of accounting. Q17. Disuses any four accounting conventions. Q18. Explain activity based costing. Section C - Attempt Any 3 Questions. Each Carries 10 Marks. Q19. What is hire - purchase system ? Explain their characteristics. Distinguish between the hire purchase sale & credit sale. Q20. What are the elements of financial statements ? Explain, in brief, the recognition criteria of elements of financial statements. 021. Discuss in detail with the help of example how to prepare final account for insurance and banking companies. 022. What do you mean by cost accounting? Discuss in detail classification, advantages and disadvantages of costing. Q23. At 50% working raw material cost increases by 2% and selling price fails by 2% at the 80% working, raw material cost increases by 5% and selling price falls by 5%. At 50% capacity working the product costs rs. 180 Per unit and is sold at rs. 200 Per unit. The unit cost of rs. 180 is made up as follows: material labour factory overhead administrative overhead Q24. Following are the ratios to trading activities of national traders Itd. Debtors velocity 3 months stock velocity 8 months creditors velocity 2 months gross profit ratio 25% gross profit for the year ended 31st?dec. 2007 Amounts to rs. 400000. Closing stock of the year is rs. 10000 Above the opening stock. B/r amounts to rs. 25000 And b/p to rs.si 10000. Calculate, sales, debtors,closing stock, creditors