Financial accounting
Previous year question paper with solutions for Financial accounting
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- What are the advantages of double entry system?
- What do you mean by Contra entry?
- What is capital expenditure?
- How depreciation is charged under revaluation method?
- What do you understand from separate entity concept?
- What is trade discount?
- What is Gross profit?
- What are the limitations of receipts and payment account?
- Nominal account
- What do you mean by deferred revenue expenditure?
- What are source documents?
- What is principle of conservatism?
- What is error of principle?
- What is deferred revenue expenditure?
- Difference between provision and reserve.
- What is provision for bad debt and doubtful debts?
- What is sum of digit method of depreciation?
- What is subscription in non-profit organizations?
- Give 4 differences between receipt and payment account and income and expenditure account
- What is money-measurement concept?
- Convention of Materiality
- Journal proper
- Contra entry
- Error of omission
- Suspense account
- Deferred revenue expenditure
- Imprest system of petty cash
- Accounting treatment for Receipts for a sports fund of a club
- Accounting Equation
- Subsidiary Books