File Details:

Questions:

1. What do you mean by an Account?
2. What do you understand by Petty Cash Book?
3. Why is Bank Reconciliation Statement prepared?
4. What is a Suspense Account?
5. What is Sinking Fund Method of depreciation?
6. What is Balance Sheet? Why is it prepared?
7. What is the difference between Receipt and Payment Account and Cash Account?
8. Show the Machinery Account for three years based on the given transactions and depreciation rate.
9. What do you understand by Accounting? What are the Branches of Accounting?
10. What are the various methods of preparing Trial Balance? Explain those errors which affect Trial Balance.
11. Prepare an Income and Expenditure Account based on the given particulars.
12. Mention the circumstances of Dissolution of a firm and how settlement of Accounts on Dissolution is done.
13. Pass necessary adjustment entries before admission of a new partner and prepare Profit & Loss Adjustment Account and Balance Sheet.