Correction of Error

Rectification of Error videoIn this page you would find all the relevant material regarding the financial accounting topic of  ‘ Rectification of Error’ or ‘ Correction of Error’. The Material includes Video lectures, Notes, Practice Questions etc.

Video Lecture

Language: (Urdu and Hindi) Video Length: About 19 minutes File Type: Flash file (zipped) File Size: 5.5 mb

Lecture Overview:  In this lecture you would learn about two broad categories of Error i.e. ;

Errors that affect trial balance agreement &;
Errors that do not affect trial balance agreement.

The errors which do not affect the trial balance agreement are further divided in to 6 categories;

a: Error of Omittion Continue reading “Correction of Error” →

August 31st, 2012 | Category: Financial Accounting, Video Lectures | Comments are closed

Basic Concepts Problems and Solution

This question tests your basic knowledge of various accounting Principals ranging from fundamental accounting principals to inventory (IAS 2).

SAMPLE :

Question:- Revenue is not recognized when it is received.

Ans: True, it is recognized in the period in which it is earned.

Download this from Ziddu

You need to have PDF reader installed on your machine as this is in PDF format.

May 26th, 2012 | Category: Financial Accounting | Comments are closed

Branch Accounting Problems and solutions

This is the professional exam level question on the topic of Branch Accounting.

It is moderately difficult.

File size : 1.12 mb

Format: pdf

You must have adobe reader 7 or above to view the file contents.

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In case of any problem contact us

May 8th, 2012 | Category: Financial Accounting | Comments are closed

Practice Questions --- Material Cost

There are about 10 MCQs on the topic of material.

Sample Question

Q:- One of the following documents is used for issuing materials to production departments.

A: Purchase Requisition Note
B: Stores Requisition Note
C: Goods Received Note
D: Stores Credit Note

Now attempt the following question. Click on the following video. It takes some time to load. After it is fully loaded, the test will begin.

There is no time limit to answer the question.

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April 3rd, 2012 | Category: Cost Accounting | Comments are closed

Practice Questions --- Labour Cost

Download the file and attempt the question on the topic “Labour Cost” of cost accounting. Currently there are 10 Questions. You need to have adobe reader 9 or higher to access the file.

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Continue reading “Practice Questions — Labour Cost” →

March 30th, 2012 | Category: Cost Accounting | Comments are closed

Practice Questions -- Process Costing

Download the Mcqs on the topic of Process Costing. Please note that you will require Adobe Acrobat Reader 9 or higher to view the file.

Download from Ziddu

Continue reading “Practice Questions — Process Costing” →

March 26th, 2012 | Category: Cost Accounting | Comments are closed

General Cost Accounting Quizz

In this file, you will find 10 MCQs and True/Falls etc regarding cost accounting. All questions carry equal marks i.e 10. You need 80% to pass this test. This is very easy and  for beginners. Continue reading “General Cost Accounting Quizz” →

January 5th, 2012 | Category: Cost Accounting | Comments are closed

Overhead Variance - Four Variance Method

This is the last lecture on Variance Analysis

In the four Variance method following variances are calculated

  1. Spending Variance
  2. Idle Capacity Variance
  3. Variable Efficiency Variance
  4. Fixed Efficiency Variance. Continue reading “Overhead Variance – Four Variance Method” →
December 25th, 2011 | Category: Cost Accounting, Variance Analysis | Comments are closed
 
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