Not For Profit Organisation MCQ

 

MCQ - NPO | Not For Profit Organisation | Multiple Choice Questions and Answers | PAPER 5 FINANCIAL ACCOUNTING | CMA MCQ

For Class 12/CMA/CA/CS/B.Com Courses
CMA INTERMEDIATE:  ACCOUNTING

ACCOUNTING FOR NOT FOR PROFIT ORGANISATION (NPO)MULTIPLE CHOICE QUESTIONS (MCQS)

State whether each of the following statements in true or false:

a)     

A non-profit organisation never undertakes trading activities.   False, Incidental Trading activities

b)     

Receipts and Payments Account is a real account. True

c)     

Receipts and Payments account is a summary of cash transactions.  True

d)     

Receipts and Payments account is an Expenses Account.                        False

e)     

Receipts and Payments account is equivalent to Profit and Loss Account.                     False, Cash Book

f)      

Receipts and Payments account shows the cash position.           True

g)     

Receipts and Payments account is similar to Cash book.                        True

h)     

Receipts and Payments Account records only the revenue receipts and revenue payments. False

i)       

Receipts and Payments Account records only capital receipts and capital payments. False

j)       

Receipts and Payments Account records both revenue and capital receipts and payments. Received or paid during a year. True

k)     

A Receipts and Payments Account is followed by a balance sheet. False

l)       

Receipts and payment account shows receipts and payments for a particular period. True

m)  

Balance of Receipts and Payments Account at the close of the period is the profit earned by the concern.  False

n)     

Income and Expenditure Account is a real account. False, Nominal Account

o)     

Income and Expenditure account is similar to profit and loss account.  True

p)     

Tinsukia College is a Not-for-profit organisation.            True

q)     

Income and Expenditure Account of non-trading concern is equivalent to profit and loss account of a trading concern. True

r)      

An Income and Expenditure Account open with a balance. False

s)      

An Income and Expenditure Account is not followed by a balance sheet. False

t)      

In Income and Expenditure account includes only revenue items.          True

u)     

A credit balance of Income and Expenditure denotes an excess of expenses over incomes. False

v)     

A debit balance of income and expenditure denotes an excess of expenses over incomes.      True

w)   

Subscription in arrear is shown on the credit side of income and expenditure account and assets side of balance sheet.              True

x)     

Admission fees should be treated as revenue unless the amount is pretty large.          True

y)     

Profit on sale of furniture is credited to income and expenditure account.                   True

z)      

Life membership fees should be capitalized.                               True

aa) 

If there is a specific fund for prize, then income or expenditure relating to prize distribution should not be shown in the income and expenditure account.                                                                    True

bb) 

Income from investment of any fund is added with the respective firm.                       True

cc)  

Receipts and Payments account is prepared on cash basis of accounting.         2013    True

dd) 

Income and expenditure account is prepared on accrual basis of accounting.              True

ee) 

Donation for specific purposes is always capitalised.                  True

ff)    

Income derived from the specific fund investment is credited to the Specific Fund Account.   True

gg) 

The whole of the sale value of a fixed assets is treated as in income.                False, It is a capital receipt

hh) 

Capital Grant received from the Govt. is a capital income & not to be credited to the Income and Expenditure Account.                      True

B. Fill in the blank with appropriate word or words:

1.     

Receipts and Payments account and Income and Expenditure are prepared by a NPO.

2.     

Receipts and Payments Account generally starts with opening balance of cash and bank.

3.     

A Receipts and payment Account is prepared on cash basis of accounting.

4.     

A receipts and payments account records both capital and revenue items.

5.     

In Receipts and Payments Account only cashtransactions are shown.

6.     

A Income and Expenditure Account is prepared on accrual basis of account.

7.     

An Income and Expenditure Account records only transactions of revenue nature.

8.     

Outstanding subscription is shown on the assetside of the balance sheet.

9.     

Capital expenditure provide long term benefit.

10. 

Fund based accounting is maintained by Non trading Concern.          

11. 

A life membership fee is a Capital Receipt.

12. 

A debit balance in the Income and Expenditure A/c denotes excess of Expenditure over Income.

13. 

A credit balance in the Income and Expenditure A/c denotes excess of Income over Expenditure.

14. 

Debit balance in income and expenditure a/c is Deficit and credit balance is Surplus.

15. 

Not for profit organisation prepares Income and Expenditure a/c and Receipts and Payments a/c.

16. 

Subscription received in advance is treated as Liability. (any amount received in advance is a liability)

17. 

Legacy is an item of Non-recurring nature. (Non-recurring = capital receipt)

18. 

Endowment fund is a capital receipt.                 

19. 

Receipts and Payments Account and Income and Expenditure Account are prepared by a Non-trading concern.

20. 

An Income accrued is shown on the assets side of the balance sheet.

21. 

Interest received on the investment of a specific fund is credited to Specific Fund Account

22. 

Capital Grant is added to Capital Fund.

23. 

Expenses of tournament are debited to Tournament Fund Account.

24. 

Income and Expenditure Account starts with Nobalance.

25. 

Receipts and Payments account is prepared on Cash basis.

26. 

Income and Expenditure Account is prepared on Accrual basis.

C. Choose the correct alternative:

1.     

 A not for profit organisation includes:

a)           

Religious Organisations

d)           

Educational institutions

2.     

In a NPO, membership paid every year is known as:

3.     

Which of the following is not a source of funds for NPOs:

d)           

Income from investments

4.     

A not for profit organisation prepares:

a)        

Receipts and Payments Account.

c)        

Income and Expenditure Account.

5.     

An Income and Expenditure Account reveals:

6.     

Donation received for a specific purpose is

a)        

Credited to Income and Expenditure Account.

b)       

Credited to a specific fund account.

c)        

Credited to the Capital Fund Account.

7.     

Subscription received in advance is

8.     

Excess of sports expenses over Sports Fund is:

a)        

Debited to the Income and Expenditure Account.

b)        

Deducted from capital Fund Account.

c)        

Shown on the assets side of the Balance Sheet as a negative balance.

9.     

Interest on Specific Fund is

a)        

Credited to Income and Expenditure Account.

b)       

Credited to the Specific Fund Account.

c)        

Debited to the Specific Fund Account.

d)        

Credited to Capital Fund Account.

10. 

When the construction of building is completed, the balance of Building Fund Account is

a)        

Transferred to Income and Expenditure Account.

b)       

Transferred to Capital Fund Account.

c)        

Continued in the Building Fund Account.

11. 

When there is a Building Fund and the construction of building is incomplete, the amount spent is:

a)        

Transferred to Capital Fund.

b)        

Transferred to Income and Expenditure Account.

c)        

Continued in the Building Fund Account.

12. 

When sports expenses are less the amount of Sports Fund, the items are shown in

b)        

Receipts and Payment Account.

c)        

Income and Expenditure Account.

14. 

Subscription received by a school for organising annual function is treated as:

a)        

Capital receipt (i.e. Liability)

b)       

Revenue receipt (i.e. Income)

15. 

If there is a Match Fund, then match expenses and incomes on match fund are transferred to:

a)        

Income and Expenditure A/c.

b)        

Assets side of Balance Sheet.

c)        

Liabilities side of the Balance Sheet.

16. 

Capital Receipts are represented in:

c)     

Profit and Loss Account.

d)     

Manufacturing Account.

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Event management IMP MCQ

 

100 Top Event Manager Multiple Choice Questions and Answers

Home » MCQ » 100 Top Event Manager Multiple Choice Questions and Answers

Event Manager Multiple Choice Questions with Answers:-

1. The most important information a meeting planner can determine prior to an event is:
A. Past events held by the group.
B. Expected attendance.
C. The budget.
D. Group demographics.
Ans: C

2. The first area of expertise before becoming a special event consultant is:
A. Food and Beverage.
B. Catering sales.
C. Convention Services Manager.
D. Marketing sales.
Ans: A

3. Convention center events are usually booked at least:
A. Eighteen months in advance.
B. Twenty-four months in advance.
C. Thirty-six months in advance.
D. Five years in advance.
Ans: A

4. The mission of the ______ is to educate, advance, and promote the special events industry and its network of professionals along with related industries.
A. CVB
B. ISES
C. IFEA
D. CMS
Ans: B

5. ____________is the second stage in the event planning process.
A. Planning
B. Research
C. Design
D. Evaluation
Ans: C

6. Inspiring the staff is a good reflection of which type of skill?
A. Negotiating
B. Leadership
C. Project management
D. Budgeting
Ans: B

EVENT MANAGER Objective Type Questions pdf free Download::

7. Which of the following is a not-for-profit organization that is located in almost every city in the United States and Canada?
A. MPI
B. CSM
C. CVB
D. CFEE
Ans: C

8. Determining where a special event should be held, what the focus should be, and its location helps answer the event planner’s questions during which stage of the event planning process?
A. Research
B. Design
C. Planning
D. Coordinating
Ans: A

9. Budgeting an event, negotiating contracts, arranging the speaker, and organizing audiovisual needs is part of which stage of the event planning process?
A. Research
B. Design
C. Planning
D. Coordinating
Ans: C

10. Which of the following is the most popular type of event site used?
A. Hotel/resort
B. Convention center
C. Banquet hall
D. Club
Ans: A

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SYBCOM SEM 3 || MCQ of Accountig and finance services with solutions

IMP MCQ of Accountig and finance services with solutions:

S.Y B.COM

SEMESTER - III

MID SEMESTER EXAMINATION

ACCOUNTING AND FINANCE FOR SERVICES

(AFS)

MCQS 

UNIT - I

(1) NSSO stands for ....................

(A) National Sample Service Org.

(B) National Sample Service Office

(C) National Sample Survey Organization (D) National Sample Survey Office

(2) Which of the following is /are true about the term "service"

(A) Cannot be stored or transported,

(B) Are instantly perishable, and

(C) Come into existence at the time they are bought and consumed

(D) All of the above

(3) UNWTO stands for ...............

(A) United Nations World Trade Organization

(B) United Nations World Tourism Organization

(C) United Nations World Trade Office

(D) United Nations World Tourism Office

(4) Which of the following is not the major subcomponents of IT-ITeS Industry ?

(A) IT Services

(B) Business Process Outsourcing

(C) Engineering Services and R and D

(D) Hardware products

(5) Identify the major subcomponents of IT-ITeS Industry.

(A) IT Services, Business Process Outsourcing

(B) Engineering Senvices and R and D

(C) Software Products

(D) All of the above

(6) The Indian Hospitality Industry contributes around .............. % of India's GDP.

(A) 22

(B) 2.2

(C) 0.22

(D) 2.22

(7) India currently has over ..........

hotel rooms spread across hotel categories and guest-houses and is still facing a shortfall of over  ............ rooms.

(A) 1,00,000, 2,00,000

(B) 1,00,000, 1,00,000

(C) 2,00,000, 1,00,000

(D)2,00,000, 2,00,000

(8) The word hotel is derived from the ................

(A) French word Host

(B) Latin word Hotel

(C) ltalian word Host

(D) American word motel

(9) According to Guinness Book of World Records, the oldest hotel in operation is the Nisiyama Onsen Keiunkan in Yamanashi, Japan which first opened in ........ A.D

(A) 707

(B) 701

(C) 1707

(D) None

(10) The person who shifts objects for others is called ................

(A) Servers

(B) Porters

(C) Sleeper

(D) Bartenders

(11) The person who serves alcoholic, wine etc. is called ............

(A) Servers

(B) Porters

(C) Sleeper

(D) Bartenders

(12) When the Hotel is divided into different categories depending on their locations, facilities, infrastructure and amenities provided, then it is the classification based on ..............

(A) Nature

(B) Standard

(C) Tarrif

(D) Star

(13) When the Hotel is divided into different categories such as Heritage hotels, Beach Resorts hotel, Wild Resorts hotel, Time share Resorts, then it is the cdlassification based on ..............

(A) Nature

(B) Tariff

(C) Standard

(D) Star

(14) When the Hotel is divided into different categories such as Budget Hotels, Economy hotels, Luxury hotels, then it is the classification based on .............

(A) Nature

(B) Tarif

(C) Standard

(D) Star

(15) ................ Is a control room which deals with guest reservations, registrations, account settlement (cash) and checking in/out guests.

(A) Front Office

(B) F & B

(C) Marketing and Selling Dept.

(D) Administration Dept.

(16) ............deals with preparation of food items ordered by the guests. F & B

(A) Administration Dept

(B) Food Production Dept.

(C) Marketing and Selling Dept.

(17) For preparing financial statement in Hotel business ............and ............ is adopted.

(A) Double entry system of Book Keeping and Cash System of Accounting

(B) Single entry system of Book Keeping and Cash System of Accounting

(C) Double entry system of Book Keeping and Mercantile System of Accounting

(D) Single entry system of Book Keeping and Mercantile System of Accounting

(18) In order to exercise effective control over the different operations of a hotel, it is preferred to install ...............

(A) Department Accounting system

(B) Cost Accounting System

(C) Effective Accounting System

(D) None

(19) As per ........... , ............ are principal revenue producing activities of the enterprise other than and.

(A) AS-13, Operating Actvities

(B) AS-3, Operating Activities

(C) AS-3, Investing Activities

(D) AS-3, Financing activities

(20) ............. help in diagnosing the functioning of the hotel and also help in predicting future possibilities in the business.

(A) Ratio

(B) Hotel Manager

(C) Accounting

(D) Owner

(21) ............. indicates the proportion of rooms sold against the rooms available for sale during a specific period of time.

(A) Occupancy percentage

(B) Room rates

(C) Room ratio

(D) All of the above

(22) Occupancy percentage = ............

(A) No. of rooms occupied X 100 / no. of rooms sold

(B) No. of rooms sold X 100/No. of rooms available

(C) No. of rooms available X 100/no. of rooms sold

(D) None

(23) Multiple Occupancy Ratio = ...........

(A) No. of rooms occupied by more than two guest X 100 /no. of rooms occupied

(B) No. of roonms occupied by more than one guest X 100/No. of rooms available

(C) No. of rooms available X 100/no. of rooms sold

(D) No. of rooms occupied by more than one guest X 100/No. of rooms occupied

(24) Sun Rise Hotel provide the following information for the quarter ended on 31st March, 2013, Find out revenue per available room (Rev PAR) Nos. of rooms: 500

(A)Average room rate: Rs. 1500

(B)Average Occupancy: 75%

(C) Period/ days of quarter: 90 days

(25) a unit of product, service, or time (or a combination of these) in relation to which cost may be ascertained or expressed.

(A) Cost unit

(B) Cost centre

(C) None

(D) Both

(26) ........... a location, a person or an item of equipment (or group of these) for which cost may be ascertained and used for the purpose of cost control.

(A) Cost center

(B) Cost unit

(C) None

(D) Both

(27) Food cost = ............

(A) Cost of food consumed

(B) Cost of food consumed less meals provided to staff

(C) Opening stock + purchases of ingredients - closing stock

(D) None

(28) Cost of food consumed = ............

(A) Cost of food consumed

(B) Cost of food consumed less meals provided to staff

(C) Opening stock + purchases of ingredients - closing stock

(D) None

UNIT II

(1) .......... is applicable to undertaking that provides services rather than produce commodities.

(A) Contract costing

(B) Operating costing

(C) Service costing

(D) Unit costing

(2) Which of the following are included in Construction costs and development costs that relate directily to a specific project:

(a) Land conversion costs, betterment charges, municipal sanction fee and other charges for obtaining building permissions;

(b) Site labour costs, including site supervision;

(c) General administration costs;

(d) Selling costs;

(A) (a) and (d)

(B) (a) and (b)

(C) (a) and (c)

(D) All of the above

(3) Which of the following are not included in Construction costs and development costs that relate directly to a specific project:

(a) Cost of materials used in construction or development of property.

(b) Depreciation of plant and equipment used for the project

(c) Research and development costs;

(d) Depreciation of idle plant and equipment;

(A) (a) and (c)

(B) (c) and (d)

(C) (a) and (b)

(D) All of the above

(4) Which of the following are included in Construction costs and development costs that relate directly to a specific project:

(a) Costs of moving plant equipment and materials to and from the project ste

(b) Cost of hiring plant and equipment

(c) Cost of unconsumed or uninstalled material delivered at site; and

(d) Payments made to sub-contractors in advance of work performed.

(A) (a) and (c)

(B) (c) and (d)

(C) (a) and (b)

(D) All of the above

(5) Which of the following are included in Construction costs and development costs that relate directly to a specific project:

(a) Costs of design and technical assistance that is directy related to the project;

(b) Estimated costs of rectification & guarantee work, inciuding expected warranty costs;

(c) Claims from third parties.

(d) Cost of hiring plant and equipment;

(A) (a) and (c)

(B) (c) and (d)

(C) All of the above

(D) All of the above except 

(6) Which of the following costs should not be considered part of construction costs and development costs if they are material:

(a) Claims from third parties

(b) Cost of hiring plant and equipment

(c) Cost of unconsumed or uninstalled material delivered at site; and

(d) Payments made to sub-contractors in advance of work performed.

(A) Only (C) and (D)

(B) Only (A), (B) and (C)

(C) None

(D) All of the above

(7) Which fo the followings are costs that may be attributable to project activiy in general and can be allocated to specific projects include:

(a) Insurance;

(b) Costs of design and technical assistance that is not directly related to a specific project,

(c) Construction or development overheads; and

(d) Borrowing costs.

(A) only (a) and (b)

(B) Only (a), (b) and (c)

(C) None

(D) All of the above

(8) ................. indicates average amount of time ( in days) that a acute care patient

spend in the hospital.

(A) Average length of stay

(B) Occupancy rate

(C) Net revenue per patient

(D) Capital employed invested per bed day capacity.

(9) Higher ALOS means .............  efficiency and lower ALOS means ........... efficiency.

(A) Higher, Lower

(B) Lower, Higher

(C) Both

(D) None

(10) Under the Indian Constitution, health is a ............. subject.

(A) State

(B) Union

(C) Important

(D) All

(11) It is the total number of discharges (including deaths) in all hospitals during a given period.

(A) Inpatient discharges

(B) Outpatient discharges

(C) Total patient discharges

(D) None

(12) It indicates the rate of utilization of available limited resources of hospital.

(A) Average length of stay

(B) Occupancy rate

(C) Net revenue per patient

(D) Capital employed invested per bed day capacity. 

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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