File Details:

Questions:

1. Accounting is an Art and Science both.
2. Structure of Book Keeping and Accounting.
3. Kinds of Accounting Principles.
4. What is International Financial Reporting Standards (IFRS)?
5. Structure of Accounting.
6. Define Nominal Account.
7. Meaning of Journal.
8. What is difference between Trade Discount and Cash Discount?
9. What is Cash Book? Why is it not necessary to open a Cash Account in the Ledger?
10. Prepare a Sales Book from transactions and post them into Ledger.
11. What is meaning of Debit Balance of Accounts?
12. Prepare Nominal Accounts from the given Transactions.
13. What are Preferential liabilities according to Presidency towns Insolvency Act?
14. Prepare Branch Account from the provided particulars.