File Details:

Questions:

1. Explain the cost concept, revenue recognition concept, accounting period concept, conservation convention, and consistency convention.
2. Prepare the Trading and Profit & Loss Account for the year ended 31st March, 2016 and Balance Sheet as on that date taking into account the provided adjustments.
3. Analyse the given transactions and state the nature of accounts involved, specifying which account will be debited and credited according to the traditional approach.
4. Explain the purpose of accounting information and revenue nature items.
5. Discuss the provision for doubtful debts and objectives of financial management.
6. Explain the application of computers in accounting.
7. Differentiate between owned capital and borrowed capital.
8. Define economic order quantity and cost of debts.
9. What is meant by capitalization? Explain the causes and consequences of overcapitalization and undercapitalization.
10. What do you understand by receivable management? Explain its importance and the factors affecting the size of receivables.
11. What do you mean by working capital? Describe the factors influencing the composition of working capital.
12. Write notes on capital gearing, debentures, cost of capital, and objectives of cash management.