Question

FIRST YEAR P.U.C
ACCOUNTANCY
Time: 3 Hours 15 Minutes
Max Ma
Instructions:
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.
events.
Section -A
Answer any Eight questions, each question carries ONE mark.
08x01
1. Business Organization involves
2. Accounting is the process of recording and classifying business financial transactions.(Sta
3. According to which concept the owner of the business is considered creditor of the busine
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
balance.
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?
05x02
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?
DPUE/ACCOUNTANCYA PU/2020-21​

Answer 1

Answer:

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Explanation:

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