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Financial Accountancy
1. What are the foreign
currency transaction and translation exposures? Describe the accounting
treatment for these exposures.
2. How is MODVAT credit availed
shown in financial statements?
3. Distinguish between funds
flow and cash flow statement.
4. Study journalisation process
of a manufacturing company. Show the process with the help of a flow diagram.
5. Discuss the salient features
of Accounting Standard 6 (AS-6) on Depreciation Accounting.
6. Collect financial statements
of ten companies in a fast moving consumer goods industry and critically analyze
their depreciation policy.
7. What is deferred tax liability?
How is it different from current tax liability?
8. Discuss the accounting
treatment of government grants relating to depreciation fixed assets.
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