Question Bank - Theory
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Question Bank for April 2019 ExaminationQuestion Bank for Theory
For Q. 1
- Explain the following concepts
Account , Capital, Asset, Liabilities, Drawing, Goods, Debtor, Creditors, Solvent, Insolvent, Purchases, Sales, Bad debts, Variable cost, fixed cost & semi variable cost.
For Q. 2
- What is accounting? State the Nature, Importance, Objectives & advantages of accounting.
- State the rules for the classification of accounts.
- What is Double Entry Book –Keeping? Discuss the Nature & advantages of Double Entry Book –Keeping
- What is Journal? State the importance of Journal?
- What is Ledger? Write the importance of ledger.
- What is Subsidiary Books? Explain the Advantages of subsidiary Book. What are the different Types of subsidiary Books?
For Q. 3
- Explain the Types of Bank Account & different types of Cheques.
- What is Bank Reconciliation Statement? What is the Purpose of Preparing B.R.S? Explain the advantages of BRS.
- What is Trial Balance? State the Importance of Trial Balance
- Discuss the Nature of Capital, Revenue Expenditure & Deferred Revenue Expenditure
For Q. 4
- Write the Importance, Purpose & Need for preparation of Final accounts.
For Q. 5 ( Short notes will be based on all units )
- Refer the above questions from Q. 2 to Q. 4