Section A
nswer any five questions each question carries one mark
(5x1=5)
1. Accounting period must contain 10 months (state T/F).
2. State any one basis of Accounting.
3. According to which concept the owner of business is concerned creditor of the business.
a. Money measurement concept
b. Dual aspect concept
Separate entity concept
d. Going concern concept
4. Expand GAAP.
5. Give one example for fixed assets.
6. Write any one accounting standard.
7. What is the golden rule for Nominal account?
Section B
swer any five questions each question carries two marks.
(5x210)
8. Give any two examples of revenues.
9. What is double entry system of accounting?
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