File Details:

{"filename":"bcom-2-sem-commerce-2-financial-accounting-406-2023.pdf","description":"B.Com. II Semester Examination, 2023 - Financial Accounting","total_pages":7}

Questions:

  1. Define Accounting.
  2. What is Accounting Standard?
  3. What are Concepts of Accounting?
  4. What are Conventions of Accounting?
  5. What is Shortworking?
  6. What is Hire-Purchase System?
  7. What is Insolvency Account?
  8. What are Branch Accounts?
  9. What are Departmental Accounts?
  10. What are Rules of Debit and Credit?
  11. What is Nature and Scope of Accounting?
  12. What is Balance Sheet?
  13. What are Royalties Accounts?
  14. What is Sub-Lease?
  15. What is Statutory Proportion?
  16. What is Invoice Price?
  17. Who are Preferential Creditors?
  18. Mention the necessary entries in the books of the buyer as well as the seller when goods are sold on the hire purchase system.
  19. What journal entries are passed in the books of landlord and lessee regarding royalties?
  20. Find out the profit made at the head office and at the branch on the wholesale basis using the given data.
  21. Prepare a statement of affairs and deficiency account from the given particulars.
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