CSS 2023 Accountancy & Auditing Paper I

A) What are the Accounting Principles? Define any four accounting principles shortly. B) What are the Accounting Conventions? Define any four accounting conventions shortly. C) Prepare a Trial Balance as on 31st August 2022 from the balances of Emerging Technologies Pvt. Ltd.

Compute the following for Deluxe Software Private Limited for 2020 and 2021: a) Earnings per share (EPS), b) Return on closing equity (ROE), c) Book value per share (BV). Also, compute the estimated book value as at 31st December 2022 assuming management targets for EPS and ROE are achieved.

Prepare a statement of cash flows for Premium Fabrics Private Limited as per IAS-7 for the year 2022 using the following data: Post-closing Trial Balances (2021/2022), dividend distribution details, and the sale of a motor vehicle.

Mr. Haider started a business with capital of Rs. 645,000. Prepare a Trading and Profit & Loss Account and Balance Sheet as on December 31st, 2022, based on cash book records and depreciation of motorbikes using the straight-line method.

Eagle Star manufacturing company uses the Rowan Premium bonus scheme. Workers receive a dearness allowance of Rs. 2,400 per week. Calculate the payroll for Mr. Afzal based on his output and time taken.