Tilka Manjhi Bhagalpur University 2007-4th Sem M.C.A Accountingcs22 (internal assessment test) - Question Paper
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2007
COPYRIGHT RESERVED MCA(2) 24
Internal Assessment Examination Time: 1 hr Full Marks : 20
Candidates are required to give their answers in their own words as far as practicable. The questions are of equal value.
Answer Any two questions.
What are the rule to debit and credit an account with their Classification?
Q2. What is GAAP ?. Define Following term
(i) Money measurement.
(ii) Periodicity principle.
(iii) Full disclosure principle.
Q3. Define Short Notes
t\\ Materiality. _ _
(ii) Accrual.
(iii) Duality.
Q4. The current ratio of a company is 2:1 state giving reason which of the following would
r
Improve, reduce, or not change the ratio:
(i) Repayment of a current liability
(ii) Purchasing goods on cash
(iii) Sale of office equipment for *s 4,000 ( Book value Rs 5,000). Nr-C \
(iv) Sale of goods for Rs 11,000 ( cost Rs 10,000) '
(v) Payment of dividend.
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