ACTIVE COMMERCE CLASSES
Patna University
Theory questions of Accountancy
B.Com
Part-I
1.
What is installment payment system? What are its
importance characteristics?
2.
Explain the meaning of installment payment system.
Write the different between hire
purchase system and installment payment system.
3.
What is single entry system of book keeping
explain its advantages and disadvantages.
4.
Explain the detailed case of garner vs. Murray.
5.
What is statement of affairs? How does it
different from balance sheet.
6.
What is the meaning of installment payment system?
What is different between hire purchase system and installment system?
7.
Under what circumstances a firm is dissolved?
How are accounts of a firm closed on dissolution?
8.
Give the journal entry relaying to conversion of
single entry system into double entry system of accounting.
9.
What do you mean by independent branch ? what
are journal entries are made in the h.o book to incorporate branch trail
balance.
10.
Under what circumstances can a partnership firm
be dissolved ? explain the procedure of settlement of accounts among partners
after dissolution.
11.
Define accounting principle and describe
accounting principles.
12.
What do you understand by basis accounting
concepts and conventions?
13.
What do you mean by accounting principle?
Discuss its nature, significance and limitations.
14.
What do you mean by financial analysis? What are
the different techniques of financial analysis?
15.
What is receipts and payment account? Explain
main characteristics.
By S.P. Chandravanshi
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