File Details:

Questions:

1. Distinguish between book-keeping and accounting.
2. Who are the main users of Accounting Information?
3. What is cash book?
4. What are the various types of accounting?
5. Explain the Rules of Debit and Credit.
6. Trial balance is an account or statement? Describe.
7. What do you mean by rectification of errors? Explain with examples.
8. Explain the use and role of Bills of Exchange.
9. Depreciation is a non-cash item. Explain.
10. What do you mean by adjustment entries? Why are these entries taken into consideration before preparing final accounts?
11. What are the fundamental concepts of Accounting? Examine the place of matching cost and revenue concept in the preparation of Income statement.
12. Discuss the principles of Financial Accounting. Write the conventions used in Accounting.
13. Distinguish between Journal and Ledger. Discuss the process of ledger posting and rules of balancing ledger accounts.
14. What is cash book? Explain its types and rules regarding banking transactions.
15. What do you understand by errors? Explain different types of errors with their rectification entries.
16. What is Bank Reconciliation Statement? Why is it prepared?
17. What is credit Instruments? Explain its various types.
18. What is Promissory Notes? Describe its role for modern business.
19. Distinguish between Reserves and Provision.
20. Explain the sinking Fund method of depreciation.