PREVIOUS YEAR SOLVED PAPERS - December 2018
| List-I | List-II |
| (a) AS-I | (i) Accounting for fixed assets |
| (b) AS-3 | (ii) Disclosure of accounting policies |
| (c) AS-10 | (iii) Leases and its accounting |
| (d) AS-19 | (iv) Cash flow statements |
CODES
| (a) | (b) | (c) | (d) | |
| 1 | (iii) | (i) | (iv) | (ii) |
| 2 | (iii) | (iv) | (ii) | (i) |
| 3 | (i) | (ii) | (iii) | (iv) |
| 4 | (ii) | (iv) | (i) | (iii) |
- Option : D
- Explanation : Indian Accounting Standards
Till date (December, 2004), the Institute of Chartered Accountants of India has issued twenty nine accounting standards. The majority of accounting standards are mandatory in the sense that the management of the business enterprise should ensure their compliance in preparation and presentation of financial statements. The list of accounting standard is given below:
∎ Accounting Standard (AS) 1 – Disclosure of Accounting Policies
∎ Accounting Standard (AS) 2 – Valuation of Inventories
∎ Accounting Standard (AS) 3 – Cash Flow Statement
∎ Accounting Standard (AS) 4 – Contingencies and Events occurring after the Balance Sheet Date
∎ Accounting Standard (AS) 5 – Net Profit or Loss for the Periods, Prior Period Items and Changes in Accounting Policies
∎ Accounting Standard (AS) 6 – Depreciation Accounting
∎ Accounting Standard (AS) 7 – [Revised] Construction Contracts
∎ Accounting Standard (AS) 8 – Accounting for Research and Development
∎ Accounting Standard (AS) 9 – Revenue Recognition
∎ Accounting Standard (AS) 10 – Accounting for Fixed Assets
∎ Accounting Standard(AS) 11 – [Revised] The Effects of Changes in Foreign Exchange Rates
∎ Accounting Standard (AS) 12 – Accounting for Government Grants
∎ Accounting Standard (AS) 13 – Accounting for Investments
∎ Accounting Standard (AS) 14 – Accounting for Amalgamations
∎ Accounting Standard (AS) 15 – Accounting for Retirement Benefits in the Financial Statements of Employers
∎ Accounting Standard (AS) 16 – Borrowing Costs
∎ Accounting Standard (AS) 17 – Segment Reporting
∎ Accounting Standard (AS) 18 – Related Party Disclosures
∎ Accounting Standard (AS) 19 – Leases
∎ Accounting Standard (AS) 20 – Earning per Share
∎ Accounting Standard (AS) 21 – Consolidated Financial Statements
∎ Accounting Standard (AS) 22 – Accounting for Taxes on Income
∎ Accounting Standard (AS) 23 – Accounting for Investments in Associates in Consolidated Financial Statements
∎ Accounting Standard (AS) 24 – Discontinuing Operations
∎ Accounting Standard (AS) 25 – Interim Financial Reporting
∎ Accounting Standard (AS) 26 – Intangible Assets
∎ Accounting Standard (AS) 27 – Financial Reporting of Interests in Joint Ventures
∎ Accounting Standard (AS) 28 – Impairment of Assets
∎ Accounting Standard (AS) 29 – Provisions, Contingent Liabilities and Contingent Assets
| LIST-I (Propounder of Theory) | LIST-II (Theory of Motivation) |
| (a) Dr. William Ouchi | (i) X Theory |
| (b) Douglas McGregor | (ii) Need Hierarchy Theory |
| (c) Frederick Herzberg | (iii) Z Theory |
| (d) A.H. Maslow | (iv) Hygiene Theory |
CODES
| (a) | (b) | (c) | (d) | |
| 1 | (iii) | (i) | (iv) | (ii) |
| 2 | (iv) | (i) | (iii) | (ii) |
| 3 | (ii) | (iii) | (iv) | (i) |
| 4 | (ii) | (i) | (iii) | (iv) |
| LIST-I (Type of Interview) | LIST-II (Usual Application) |
| (a) Structured | (i) A realistic approach that yields comparable answers plus in-depth insights |
| (b) Unstructured | (ii) Useful to understand applicants reasoning and analytical abilities under modest stress |
| (c) Mixed | (iii) Useful for valid results, especially when dealing with large number of applicants |
| (d) Behavioural | (iv) Useful when the interviewer tries to probe personal details of the candidate to analyse why they are not fit for the job |
CODES
| (a) | (b) | (c) | (d) | |
| 1 | (iii) | (i) | (ii) | (iv) |
| 2 | (i) | (iv) | (ii) | (iii) |
| 3 | (iii) | (iv) | (i) | (ii) |
| 4 | (iv) | (ii) | (i) | (iii) |
