Previous Year Very Short Questions of AFM (MSC-IT 3rd)


Previous year question paper with solutions for ACCOUNTING AND FINANCIAL MANAGEMENT

Our website provides solved previous year question paper for ACCOUNTING AND FINANCIAL MANAGEMENT . Doing preparation from the previous year question paper helps you to get good marks in exams. From our AFM question paper bank, students can download solved previous year question paper. The solutions to these previous year question paper are very easy to understand.

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  1. What do you mean by Current Assets?
  2. Define equity.
  3. Write a short note on Objectives of Accounting.
  4. Differentiate between current and long term liabilities.
  5. Define Ratio Analysis.
  6. What do you mean by budgetary control?
  7. What is the implication of debiting an asset?
  8. Explain briefly the term Revenue.
  9. What are the responsibilities of an accountant?
  10. What is break even chart?
  11. Accounting cycle
  12. Full disclosure
  13. External users of accounting
  14. Personal accounts
  15. List down different functional areas of financial management.
  16. Stock turnover ratio
  17. Limitations of break even analysis.
  18. Profit volume ratio
  19. Material usage variance
  20. Budgetary control