File Details:

Questions:

1. What do you understand by Receivable Management? Explain its importance and the factors affecting the size of receivables.
2. Explain briefly External Users of Accounting Information.
3. Explain briefly Accounting Conventions.
4. Explain briefly Capital Expenditure and Revenue Expenditure.
5. Explain briefly Break-even analysis.
6. Explain briefly Profit Maximization and Wealth Maximization.
7. Explain briefly Long-term sources of finance.
8. Explain briefly Cost of Capital.
9. Explain briefly Components of working capital.
10. Explain briefly the objectives of holding inventory.
11. Explain briefly Transaction motive and Speculative motive of holding cash.
12. Journalize transactions like starting a business with cash, purchasing goods, furniture, and more.
13. Prepare Trading and Profit & Loss Account and Balance Sheet based on given trial balance and adjustments.