01. What is meant by incomplete records ?
02. What is a Statement of affairs ?
03. What is Legacy ?
04. Write a short note on life membership fees ?
05. Give four examples for capital receipts of not for Profit
organization ?
06. Give four examples for revenue receipts of not for Profit
organization ?
07. Define Partnership.
08. What is a Partnership deed ?
09. What is acquired Goodwill ?
10. What is Super Profit ?
11. State any two circumstances under which goodwill of a
partnership firm is valued ?
12. What is sacrificing ratio ?
13. What is meant by retirement of partner ?
14. What is gaining ratio ?
15. What is Over subscription ?
16. Write a short note on securities premium accounts.
17. Why are shares forfeited ?
18. List the tools of financial statement analysis ?
19. What is Working Capital ?
20. What is meant by accounting ratios ?
21. What is quick ratio ?
22. What is meant by debt equity ratio ?
23. What is automated accounting system ?
24. State any five accounting reports
25. What is a group in Tally ERP 9 ?
01. What are the features of incomplete records ?
02. What are the limitations of incomplete records ?
03. What is Income and Expenditure account ?
04. State any six contents of partnership deed
05. How is Goodwill calculated under the super profit method ?
06. What are the adjustment required at the time of admission of a
partner ?
07. List out the adjustment made at the time of retirement.
08. What is reissue of forfeited shares ?
09. Briefly explain any three limitations of financial statements.
10. State any three advantages of ratio analysis.
11. Bring out the limitations of ratio analysis.
12. What are the Pre-defined ledger available in Tally ERP 9 ?
13. Mention the commonly used voucher types in Tally ERP 9 ?
01. State the differences between double entry system and
incomplete records.
02. Differentiate between Statement of affairs and balance sheet.
03. State the differences between Receipt and Payments Account and
Income and Expenditure Account.
04. State the differences between fixed capital method and
fluctuating capital method.
05. State any six factors determining Goodwill ?
06. Distinguish between Sacrificing ratio and gaining ratio.
07. Explain any five applications of computerized accounting system?
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