II PARTIAL EXAM FROM ACCOUNTING GROUP I

Sarajevo, May 27, 2012

Name and surname: ..........................................
Index number ................................................
Number of points ..............................................
Notes:
I part questions from 1 to 10 carry 1 point
= 10 points
II part questions from 1 to 5 carry 2 points
= 10 points
-------------------------------------------------------------------------TOTAL
20 points
- 11 points (55%) students have passed II partial exam
- 0-10 points students have not passed II partial exam
Half-responses are not scored. It is necessary to round up all the correct answers and explain your
opinion (in questions that require it) in order to get certain number of points.
I. part Circle letter/letters that mark correct answer/answers
1.Discount on equipment purchase:
a)increases the expenditures,
b)decreases acquisition value of the asset,
c)decreases expenditures,
d)increases acquisition value of the asset.
2.Accelerated depreciation method is:
a)result method,
b)method of withdrawal and exchange,
c)method of digressive base,
d)method of complex interest account.
3.Plants and equipment grant:
a) Should be depreciated,
b) Should not be depreciated
c) Should be immediately written off,
d) No need to be booked.
4.Expenditures incurred when founding the company are called:
a)initiation costs,
b)foundation costs,
c)starting costs,
d)official costs.
5.Accruals and deferred income short term accruals include:
a) income tax expenditure,
b) calculated liabilities for vacation,
c) potentional liabilities
d) paid deposits
e) accrued but unpaid costs
6.In case of reconstruction of fixed tangible assets, the following is taken for depreciation calculation
base:

a) revaluated value,
b) purchasing value,
c)purchasing value increased for reconstruction costs,
d)bookkeeping value increased for reconstruction costs,
e)bookkeeping value.
7.Supplies of material can be valuated by:
a)market prices by which they can be purchased,
b)actual acquisition prices,
c)planned acquisition prices i.e. standard acquisition prices,
d)one group by actual and other group by planned i.e. standard acquisition prices.
8.In the absorption system of cost calculation, in calculation of costs by bearers the following costs are
not encompassed in total:
a)general costs of production,
b)direct material,
c)direct labour,
d)general costs of management, sale and administration,
e)CEO salary.
9.According to the solvency, the receivables can be classified as:
a)good quality receivables,
b)potentional event,
c)impaired receivables
d)non-performing receivables
10. When the bonds are issued with the premium, the bookkeeping value on the maturity date of the
bonds is:
a)decreasing,
b)increasing,
c)stays the same,
d)is refunded.
II part. Fill in the following statements
1.Concept of earning per share is applied only on ordinary shares.
2.Depreciation of bonds issued with the premium or discount is done by applying the linear
method or method of effective interests.
3.Two basic methods of calculation are:
a) Additional
b) Divisional.
4.Closing rate is a spot rate of exchange on the date of balance sheet.
5.There are three significant dates for declaring and payment of dividends and those are:
a) Date of declaration
b) Date of records
c) Payment date
Jadranka Kapic,Ph.D.