Skip to main content

Posts

Showing posts from May, 2010

ESSAYS AND COMPOSITIONS

Should governments spend money on computer technology or more basic needs?               Some people think that government should spend as much money as possible on developing or buying computer technology. Other people disagree and think this money should be spent on more basic needs. Personally, I agree that government should spend as much money as possible on developing or buying computer technology. Because the computer technology we develop or buy will use not only in computer industries but also in other fields, we all will benefit from it. Moreover, our society needs to get progress in which computer technology will play a leading role. Furthermore, our daily activities will be more convenient with computers.   First of all, not only the computer industry will take advantage of the computer technology but it will benefit our whole society. For example, scientists can do more researches on their projects, obtaining more useful results and helping more people to achieve better l

Accounts Test No 2

1. Answer the following questions. Reputation of a firm expressed in terms of money.  Payment of bill of exchange before its due date at rebate. The person on whom the bill of exchange is drawn. Normal Rate of Return x Capital employed. Who is an endorsee? A person who accepts the bill. A person who endorses the bill. What is foreign bill? What is inland bill? What is noting charges? Define goodwill. 2.  Drawer     :  Elavarasi, 35, Lakhani Apartment, Ulhasnagar       Drawee  :    Elavarasan, 23, Prasad Bhawan, Thane (East)       Payee   : Subita Ambarnath       Period   :  90 days       Amount   :   Rs. 9,755       Date of Bill  : 15 th March, 1995      Accepted on    :   20 th March, 1995    3. Vijay and Azim carrying on a business in partnership for last 5 years. Goodwill of the firm is to be valued at 3 years purchases of the average profits of last 5 years. The profits and losses for the last 5 years were: 1996-97 1997-98 1998-99 1999-2000 2000-01 (Profit) Rs. 32,000 (Profit) Rs