S.Y B.COM
SEMESTER - III
MID SEMESTER EXAMINATION
ACCOUNTING AND FINANCE FOR SERVICES
(AFS)
MCQS
MID SEMESTER EXAMINATION-OCTOBER - 2019
(1) ........... scheme was launched by Ministry of Tourism in India on March 9, 2015 for development and beautification of pilgrimage sites to tap the growth of domestic tourists driven by spiritual/religious sentiments.
(A) PRASAD
(B) ADARASH SMARAK
(C) MICE
(D) All of these
(2) Calculate Net Revenue per Patient using the following information:
Net Revenue = Rs.5,00,000; Total Number of patients = 1,000,
Number of Patients Discharged = 300.
(A) Rs.714.29
(B) Rs.1666.67
(C) Rs.500
(D) None of these
(3) Calculate Average Daily Rate of Hotel Express from the following information:
Number of Rooms Available: 170; Rooms Revenue: Rs.9,52,000; Average Occupancy Percentage = 70%
(A) Rs.8,000
(B) Rs.6,000
(C) Rs.9,000
(D) Rs.5,600
(4) The fact that services cannot be saved, stored, resold or returned denotes which characteristic of Services?
(A) Perishability
(B) Heterogeneity
(C) Customer Participation
(D) Inseparability
(5) Calculate Net Income of Pathology department from the following details of Bankers Hospital:
|
Consultation charges receipt |
Rs. 4,00,000 |
|
Blood Test fees |
Rs.1,87,000 |
|
Ultrasonography |
Rs.1,25,000 |
|
Serum Testing |
Rs.25,000 |
|
Room Charges |
Rs.1,00,000 |
|
Salaries and Wages (Radiology Department) |
Rs.27,000 |
|
Salaries and Wages (Pathology Department) |
Rs.30,000 |
(A) Rs.1,82,000
(B) Rs.4,32,000
(C) Rs.4,57,000
(D) Rs.2,07,000
(6) Other things remaining the same, an increase in fixed cost will ......….. BEP and decrease in fixed cost will ........ BEP.
(A) Increase, Increase
(B) Decrease, Increase
(C) Decrease, Decrease
(D) Increase, Decrease
(7) ........... is a control room which deals with guest reservations, registrations, account settlement and checking in/out of guests in a hotel.
(A) Front office
(B) Marketing & Selling
(C) Housekeeping
(D) Food & Beverages
(8) Which of the following statements is/are true?
(i) The key difference between service firms and manufacturers is the tangibility, of their output.
(ii) Service fims do not hold inventory, they create a service when a client requires it.
(iii) Service fims do not require a physical production site, the people creating and delivering the service can be located anywhere.
(A) (i) and (ii)
(B) (i) only
(C) (i) (ii) and (iii)
(D) None of these
(9) Income from Digital x-Ray, Ultrasonography, CT scan, MRI is considered as income from:
(A) OPD Department
(B) Pathology Department
(C) Pharmacy Department
(D) Radiology Department
(10) According to Revenue Recognition (AS 9), which method is adopted for recognising revenue in case of
"insurance Agency Commission"?
(A) Completed Service Contract method
(B) Proportionate Completion method
(C) Both 'A' and 'B'
(D) Neither 'A' nor 'B'
(11) Lower Average Length of Stay(ALOS) means .........
(A) Lower Efficiency
(B) No Efficiency
(C) Higher Efficiency
(D) None of these
(12) From the following information, Calculate Average Length of Stay(ALOS).
Total Patient Days = 10,000; Outpatient Days= 6,000; Number of Inpatients Discharges = 2000.
(A) 3 Days
(B) 5 Days
(C) 8 Days
(D) 2 Days
(13) The department in which patients are admitted and stay overnight or for several days or weeks or months is known as.
(A) Inpatients department
(B) Outpatients department
(C) Neither A nor B
(D) Both A and B
(14) Calculate income from sale of rooms from the following infomation:
|
Revenue Room Sales |
Rs.40,000 |
|
Sale of Food |
Rs.10,000 |
|
Salary and Wages- Rooms |
Rs.3,000 |
|
Glassware expenses- Rooms |
Rs.1,000 |
|
Fire Insurance |
Rs. 5,000 |
(A) Net Income from Rooms Department is Rs.31,000
(B) Net Income from Rooms Department is Rs.36,000
(C) Net Income from Rooms Department is Rs.46,000
(D) Net Income from Rooms Department is Rs.41,000
(15) According to Revenue Recognition (AS - 9), which method is adopted for recognising revenue in case of "Installation fees"?
(A) Completed Service Contract method
(B) Proportionate Completion method
(C) Both A' and 'B
(D) Neither 'A' nor 'B
(16) Match the following:
|
% of completion of contract |
Profit to be transferred to P&L A/C |
|
(a) Up to 25% |
(i) 2/3 of NP (CR/WC) |
|
(b) 26% - 50% |
(ii) Full Profit |
|
(c) 51% - 90% |
(iii) Nil |
|
(d) 100% |
(iv) 1/3 of NP (CR/WC) |
(A) a - iii, b - iv, c - i, d - ii
(B) a - ii, b - iii, c - i, d - iv
(C) a - i, b - ii, c - iii, d - iv
(D) a - iv, b - ii, c - i, d - iii
(17) ITC company obtained a contract for Rs.20,00,000. Contract cost (Expenditure till date):
Rs.11,20,000; Cash Received Rs.10,80,000 is 90% of Work Certified,
Work Uncertified : Rs.1,20,000. Calculate the Notional Profíit in above contract.
(A) Rs.2,00,000
(B) Rs.3,00,000
(C) RS.20,000
(D) RS.1,20,000
(18) Service sector includes:
(A) Information Technology and information Technology enabled services
(B) Financial services
(C) Public utility services
(D) All of these
(19) BRICS is association of following nations:
(A) Brazil, Russia, India, Canada, South Africa
(B) Brazil, Russia , India, China, sri lanka
(C) Brazil, Russia, India, China, South Africa
(D) Brazil, Russia, Ireland, China, South Africa
(20) In Accounting for Real Estate Developers, which of the following costs should not be considered as a part of construction costs and development costs if they are material?
(A) Site Labor Costs including site supervision
(B) Depreciation of idle plant and equipment
(C) Cost of Hiring Plant and Equipment
(D) All of these
(21) ........... Is applied in printing press, furniture works, interior decoration and other similar work.
(A) Job Costing
(B) Process Costing
(C) Contract Costing
(D) None of these
(22) From the following information, calculate RevPAR.
Number of Rooms:500; Average Room Rate: Rs.1,500; Average Occupancy Rate:60%, Period:80 Days
(A) Rs.500
(B) Rs.900
(C) Rs.1,500
(D) Rs.400
(23) Which of the following is true for Work uncertified?
(A) It represents work done during the period but not yet certified by the architect.
(B) Cost of work uncertified is based on the contractor's own estimate.
(C) It is not considered in calculation of percentage of Completion.
(D) All are True
(24) From the following information, calculate Patient Days (365 Days in a year) of ABB hospital for-its general ward:
Number of general wards:15
Number of beds in each wards: 20
Occupancy Rate for 250 Days: 100%
Occupancy Rate for the rest of the year 80%
(A) 65,000 patient days
(B) 66,400 patient days
(C) 1,02,600 patient days
(D) None of these
(25) ........... in contract empowers a contractor to revise the price of a contract in case of increase in prices of inputs due to some macro-economic or other agreed reasons.
(A) Escalation Clause
(B) Reserve Profit
(C) Work certified
(D) None of these
(26) Caculate 1otal Koom Days for the year of Hotel Surya from the following infomation:
|
Type of Suite |
Number |
Occupancy |
|
Single room |
150 |
100% |
|
Double room |
100 |
70% |
|
Triple room |
50 |
80% |
Assume 360 days in a year.
(A) 90,000
(B) 1,08,000
(C) 93,600
(D) 97,200
(27) Hotel Dwarka has arranged a Banquet for 1,000 persons. It was estimated that Total Food Cost wll be Rs.3,00,000; Additional Cost of Staff Rs.25,000; Floral Decoration and Music cost Rs.40,000 and Over-Cost Rs.70,000. What Charge per Guest should be made in order to produce a net profit of 13% on total takings?
(A) Rs.550
(B) Rs.750
(C) Rs.450
(D) Rs.500
(28) Uma Hospital has given the following information:
Land & Building =70 lakhs; Furniture= 25 lakhs ; Machinery=90 lakhs, Stock =20 lakhs; Cash = 39 lakhs, Creditors= 15 lakhs; Outstanding Liabilities= 10 lakhs.
Hospital has 50 bed capacity per day. Calculate Capital Employed per bed day capacity for the year.
(Assume 365 days in a year)
(A) Rs.1,200 per bed day capacity
(B) Rs.1,500 per bed day capacity
(C) Rs.1,000 per bed day capacity
(D) Rs.1,250 per bed day capacity
(29) includes profit element, since it is based on contract price.
(A) Work Certified
(B) Work Uncertified
(C) Both A and B
(D) None of these
(30) From the following infomation calculate salary of room attendants:
Room attendants salary Rs.20 per day. There is one room attendant per room. The salary is paid only when the room is occupied. There are 100 rooms in the hotel and 80% of the rooms are normally Occupied in Summer and 30% of the rooms are occupied in winter. You may assume that the period timer and winter is six months each. Nomal days in a month may be assumed to be 30.
(A) Rs.1,08,000
(B) Rs.2,88,000
(C) Rs.3,96,000
(D) Rs.4,68,000
MID-SEMESTER EXAMINATION - NOVEMBER 2014
(1) Which of the following is example of competed service contract method?
(A) Installation expenses
(B) Insurance agency commission
(C) Media commission of advertising agency
(D) All of the above
(2) From the following which are the characteristics of services?
(A) Intangibility
(B) Pershiability
(C) Inseparability
(D) All of the above
(3) From the following which are the project cost in relation to a project?
(A) Cost of Land
(B) Borrowing Cost which are incurred in relation to a project
(C) Construction and Development Cost
(D) All of the Above
(4) Calculate the amount transferred to profit and loss account in case of incomplete contract, from the
following information:
Cash received Rs.2,00,000; value of work certified Rs.2,50,000; percentage of work completed is 80%; notional profit is Rs.60,000.
(A) 32,000
(B) 16,000
(C) 60,000
(D) Nil
(5) Find out net revenue per patient if net revenue Rs.60,00,000, No.of Inpatients discharges 3,000, Total number of Patients 10,000, Inpatients days 30,000.
(A) Rs.600
(B) Rs.2,000
(C) Rs.200
(D) None of the above
(6) If nothing is transferred to profit and loss account from notional profit, then percentage of work completed is .............
(A) Upto 25%
(B) 26% to 50%
(C) 51% to 90%
(D) 100%
(7) Occupancy Rate = ..........
(A) Inpatient days/Bed daysb
(B) Inpatient days / No. of inpatient discharge
(C) Net revenue/No. of patient
(D) None of the above
(8) From the following ........... is not an example of Construction and Development Cost thet directly relate to a specific project.
(A) Site Labour Cost
(B) Cost of Material used in Construction
(C) Cost of hiring Plant and Equipment
(D) Depreciation of ldle Plant and Equipment
(9) Calculate RevPAR from the following:
Number of rooms - 100
Average Room Rate- Rs.300
Average Occupancy 15% for 90 days
(A) Rs.45
(B) Rs.35
(C) Rs.15
(D) Rs. 50
(10) Service sector includes
(A) Transportation
(B) Telecommunication
(C) Tourism
(D) All of the above
MID-SEMESTER EXAMINATION DECEMBER-2014
(1) In hotel, Average Daily Rate = .............
(A) No.of Rooms occupied by guests No. of rooms occupied
(B) Room revenue / No. of Guests
(C) Room Revenue / No. of Rooms Sold
(D) None of the above
(B) Service sector does not include :
(A) Stock broking
(B) Mining
(C) Transportation
(D) Hotel industry
(3) Total no. of rooms in a hotel is 100, its average room rate is Rs.1,000 and average occupancy is 80% What will be RevPAR for 30 days?
(A) Rs.8,000
(B) Rs.80
(C) Rs.800
(D) None of these
(4) If the contract is completed upto 49% then what % of profit is transferred to Profit and Loss account?
(A) 100%
(B) 50%
(C) 25%
(D) Nil
(5) Which of the following is not example of contract costing?
(A) Bridge construction
(B) printing press
(C) Building construction
(D) Ship Building
(6) Which of the fallowing is not the feature of Health Care Industry?
(A) High cost
(B) Vast range of services
(C) Labor intensive
(D) None of these
(7) Which of the following is formula of calculating ALOS?
(A) Total outpatient days/ total inpatient discharge
(B) Total inpatient days / total inpatient discharge
(C) Total outpatient days / total outpatient discharge
(D) None of the above
(8) There are 500 rooms in Mundra Hotel and it has on an average 450 rooms occupied during the year. What will be an average occupancy % for the year?
(A) 90%
(B) 85%
(C) 80%
(D) 75%
(9) The department in which patients' just go for diagnosis, treatmenť or therapy and then leave is known as ..............
(A) Inpatients' Department
(B) Outpatients' Department
(C) Both a and b
(D) None of the above
(10) As per AS-9 Revenue Recognition criteria, which method is adopted for Tuition Fees?
(A) Proportionate Completion Contract
(B) Completed service contract method
(C) Both A and C
(D) None of these
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