Name of the Organization : Haryana Public Service Commission
Name of the Exam : HCS (Ex.Br.) Main Exam
Subject : Commerce & Accountancy
Document Type : Previous Question Paper
Year : 2014
Website : http://hpsc.gov.in/en-us/
Download Sample/Model Question Paper : https://www.pdfquestion.in/uploads/11111-Commerce.pdf
HCS Main Exam Commerce & Accountancy Question Paper :
Commerce and Accountancy
Code : 06
Time:3 Hours
M.M. : 150
Related : HPSC HCS Main Exam Civil Engineering Question Paper : www.pdfquestion.in/11108.html
Note:
(i) Attempt five questions. All questions carry equal marks. Question number I is compulsory. Answer any two questions from part I and two questions from part II. The parts of the same questions must be answered together and must not be interposed between answers to other questions.
(ii) In case of any discrepancy in the English and Hindi versions, English version will be taken as final.
Q.1 Answer the following :
a. Ascertain the needs and disucc the various method for valuation of shares of a company?
b. Bring out the incidence of tax on the income of the accesses per their residential status
c. Elucidate the essentials of audit for a business and Distinguish internal audit with internal check
d. State the various sources of the long terms finance to the business enterprises and examine the role of EBIT – EPS analysis in their capital structure decisions
e. Examine the functioning of the line and staff organization in a business enterprise.
Part – I :
Q. 2 Explain the standard costing and distinguish it with budgetary control system. Analyse and interpret the labour and material variances with respective standards
Q 3 (a) Bring out the role of a company auditor with regard to the valuation and verification of the fixed assets and long term liabilities of a business unit
(b) Determine the gross and net account of the permissible deductions from the income from salary of assesses as per Income Tax of the country.
Q. 4 (a) Elucidate the various factors influencing the dividend policy of a business enterprise and discuss the Gordon’s and Modigliani-Miller’s dividend model
(b) Examine the proprietary of discounted cash flow techniques for appraisal of investment projects of an enterprise.
Part – II :
Q. 5 Bring out the sources of industrial disputes in our country. Examine the role of the mechanism for prevention and settlement of the industrial disputes in the country.
Q. 6 (a) Slate the essentials of an ideal wage policy and discuss any two way differential plans suggested by management experts.
(b) Discuss the various motivation models adopted for boosting of the morale and productivity of the employees in an industrial unit.
Q. 7 Elucidate the nature and significance of the organizational in a business enterprise and discuss the various organisation goals and organisation theories
Assistant Treasury Officer Exam Government Accounts Question Paper :
1. (a) .”Comptroller and Auditor General is the custodian of Public Purse”. Explain. (10)
(b) Define “Fraud”. What types of frauds can be committed in Government Accounts and what steps should be taken to detect them? (10)
2. (a) “Audit provides a healthy safeguard against public money going down the drain” Comment. (10)
b)Discuss various methods of control over Public Expenditure exercised bv Indian Parliament’ (10)
3. (a) Discuss the role of Finance Commission in Indian Financial Administration. (10)
(b) What are the principles regarding Resource managements in India? (10)
4. (a) Explain Commercial Audit. How the Commercial Audit is different from Government Audit (10)
(b) What are the main principles of classification of Government Accounts. Also define the main division of accounts (10)
5. (a) Indicate the special points to which attention should be directed in the audit of Government Accounts. (10)
(b) What are the sources of Consolidate Fund of the India? (10)
6. (a) Define Treasury rules and discuss the responsibilities of “Direct Treasury” and “State treasuries”. (10)
(b) “Separation of Audit and Accounts will increase the independence of Audit”. Explain (10)
7. (a) Determine criteria of expenditure to be classified under the heads of Capital Section or Revenue Section of the Consolidate fund of India. (10)
(b) “CAG should be a watch dog and not blood hound.” Explain. (10)
8. (a) Give an account of procedure of preparing the Annual Financial statement. Also define Appropriation Act. (10)
(b) Give a brief note on Audit of Public Debt.(10)
9. (a) Discuss the principles and methods of Commercial Accounting. What are the main concepts applicable to Commercial Accounts? (10)
(b) Evaluate the importance of Budget as a tool of administration and an instrument of Legislative control.(10)
10. Write short notes on any four of the following : (5+5+5+5)
(a) Codification of Heads of Accounts
(b) Audit as an Agency of Financial Control
(c) Principles of Government Accounting
(d) Initial Accounts
(e) Currency of India