Accountancy
1. All the sub questions of Section-A should be answered continuously at one place.
2. Provide working notes wherever necessary.
3. 15 minutes extra has been allotted for candidates to read the questions.
4. Figures in the right hand margin indicate full marks.
Section-A
Answer any Eight questions, each question carries ONE mark.
1. Business Organization involves
events.
08x01-08
2. Accounting is the process of recording and classifying business financial transactions. (State T/F) 3. According to which concept the owner of the business is considered creditor of the business:
a. Money measurement concept
b. Dual Aspect concept
c. Separate entity concept
d. Going concern concept
4. Expand GAAP
5. Capital account balance is a
6. Give an example for error of commission.
7. Closing stock is value of
a) Cost price
b) Market price
c) Sales price d) Cost price or Market price whichever is lower
8. State any one adjustment.
9. Give the meaning of Incomplete Records.
10. What is Statement of affairs?
balance.
Section -B
Answer any FIVE questions, each question carries TWO marks.
11. Give any two examples of revenues.
12. What is Double entry system of accounting?
13. What do you mean by compound voucher? 14. State the rules of debit and credit of capital.
15. Name any two methods of preparing the trial balance.
16. What do you mean by rectification of errors? 17. Give two examples of Capital Expenditure.
18. Why do you prepare Trading and Profit and loss Account?
Answers
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Answer:
30 (NS)
(English Version)
as the sub questions of Section-A should be answered
continuously at one place
9) Financial statement generally include
Instructions: 1.
2. Provide working notes wherever necessary
3 15 minutes extra has been allotted for candidates to read the questions
4 Figures in the right hand margin indicate full marks.
SECTION-A
Answer any eight of the following questions, each question carries 1 mark:
(8-1-8)
1) Not for profit organisations are used for the welfare of the
2) in order to form partnership there should be atleast
partners
1
2
7
d) None of the above
3) State any one factor affecting the value of goodwill.
4) Decrease in value of liability is debited to Revaluation account (State True/False)
5) What is gain ratio?
6) Executors account is generally prepared at the time of partner of a
7) When shares are forfeited?
1 Expand DRPI
a) Comparative statement bj Fund flow statement
cy Statement of profit and loss and be shot d) None of the above
10) Comparitive analysis is also known as
11) Give an example for current liability,
12) Examples of cash inflows from investing activities are
ay Cash receipts from disposal offend assets
b) Interest received in cash from loans and advanc
0 Dividend received from investments in other pres
d) All of the above
SECTION-B
Answer any five questions. Each question cames 2 marks
19-2-101
13) Give the meaning of not for profit organisations
14) What is fluctuating capital system?
15) State any two reasons for admitting a new par
10) Give the joumat any for transfering the attor
17) State any two categories of share cupstai
18) State any bio imitations of lactal statem
19)