WE PROVIDE CASE STUDY ANSWERS, ASSIGNMENT SOLUTIONS, PROJECT REPORTS AND THESIS
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CORPORATE LAW
1. (a) Discuss the term ‘Continuing Guarantee’. How can it be revoked?
(b) State briefly the rights and obligations of a bailee.
2. (a) What do you understand by the term Implied ‘Authority of a partner’?
(b) Enumerate the acts which are not covered under implied authority.
3. (a) What are the rights and duties of a minor in relation to partnership business?
(b) Distinguish between --
(i) Sub-agent and Substituted Agent
(ii) Sale, Bailment and Pledge
4. (a) Explain the rights of a partner.
(b) Distinguish between the following:
(i) Succession and Assignment.
(ii) Contract of Indemnity and Contract of Guarantee.
5. Write short note on.
i) Non-registration of a firm.
ii) Capacity of Contract
iii) Kinds of Bailment.
iv) Anticipatory breach of a Contract.
6. a) When is a Surety Discharged from Liability by the conduct of the creditor.
b) Describe the rules relating to passing of property in the sale of goods.
7. a) What is an illegal agreement? State the effects of illegality.
b) What is ‘Supervening Impossibility’? What are its effect upon the contract?
c) What are the remedies available to the buyer when goods in wrong quantity
delivered to him?
d) When shall a retired partner be discharged from his liabilities for the acts of the firm before retirement?
8. (a) State the principles on which damages are assessed for breach of contract.
(b) Describe the law relating to the ‘right of resale’ available to an unpaid seller
in the Sale of Goods Act, 1930.
9. a) What are the rules regarding delivery of goods?
b) Distinguish between:
i) Novation and Alteration.
ii) Liquidated damages and penalty
10. a) Transferee of a partner’s interest cannot exercise the right of transferring partner.
b) Appropriation is a right primarily of the debtor and for his benefit.
c) A proposal can be revoked otherwise than by communication.
d) Right of stoppage in transit is an extension of the right of lien.
WE PROVIDE CASE STUDY ANSWERS, ASSIGNMENT SOLUTIONS, PROJECT REPORTS AND THESIS
ARAVIND - 09901366442 – 09902787224
Cost And Management Accounting
- “Management accounting is a mid-way between financial and cost accounting.” Elucidate.
- What is the major revenue recognition criterion?
- What is a trading account? What are its major constituents? What is its major outcome?
- The cash flow statement is as useful to shareholders and lenders as to management. Explain.
- (a) “All future costs are relevant.” Do you agree? Why?
(b) “Fixed costs are really variable. The more you produce the less they become.”
Do you agree? Explain.
- In connection with inventory ordering and control, certain terms are basic. Explain the meaning of each of the following:
- Economic order quantity
- Re-order point
- Lead time
- Safety stock
- What is meant by under/over-absorption of factory overheads? How will you account for them in cost accounts? Does it bear any impact while submitting quotations?
- A manufacturing company operating a system of budgetary control finds that their production capacity during the year varies between 75 per cent and 90 per cent as against the budgeted capacity of 80 per cent for the year. It has been suggested that a system budgets should be introduced to effectively control costs. Outline the steps you would take to implement this suggestion keeping in mind that the management would still require periodic comparison with their overall budget during the year.
- “Transfer prices must always be equal to externally determined market of comparative products or services.” Comment fully.
- Suppose a firm is considering replacing an old machine with a new one. The firm does not anticipate that any new revenues will be created by the replacement since demand for the product generation by both the machines is the same. However, in the CFAT work sheet used in evaluating the proposal, the analyst shows positive CFBT in the operating cash flow section. What creates operating CFBT in this situation?
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