Important set for 2017 ACTIVE COMMERCE CLASSES Kurji near Loyola school Patna -10 B.com part I Accounts (Hons ) Patna University Set -1 1. Define accounting principle and describe accounting principles. 2. What do you understand by basis accounting concepts and conventions? 3. What do you mean by accounting principle? Discuss its nature, significance and limitations. 4. What do you mean by financial analysis? What are the different techniques of financial analysis? 5. What is receipts and payment account? Explain main characteristics. 6. Show what journal entries would be passed by head office for the following in the books on 31 st Dec. A) goods amounting 5500 transferred from Patiala branch to delhi branch the instruction from hea...
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