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Accounting and Finance for Managers

Question Bank 

Module I

  Part A

1. Define Accounting.2. What are the three functions of accounting? Explain.

3. List the qualities of accounting.

4. What is cash system of accounting?. What is accrual system of accounting?

!. What is personal account? "i#e examples.

$. What is %eal account? "i#e examples.&. What is 'ominal account? "i#e examples.

(. What is a )ournal? "i#e format of )ournal.

1*. What is a le+ger?

11. What is meant ,y le+gering?12. Explain the gol+en rules of accounting.

13. What is a -rial alance?

14. What is a /rofit an+ Loss Account?1. What is -ra+ing Account?

1!. What is Depreciation?

1$. What is the purpose of charging +epreciation?1&. List the #arious metho+s of pro#i+ing +epreciation.

  Part B

1. 0llustrate the Accounting process.2. lassify the #arious in+s of #alues in accounting process.

3. Discuss ,riefly the utility of financial statements.4. Explain ,riefly any three accounting concepts.

. Explain ,riefly the #arious accounting con#entions.

!. Write ,rief note on #arious classification of accounts.$. "i#e the proforma of a -ra+ing Account.

&. "i#e the proforma of a alance heet.

(. /ro,lems in ournal.1*. /ro,lems in Leger.

11. What is -rail alance? What is the purpose of preparing trial ,alance?

12. "i#e the a+)ustment entries fora5 6utstan+ing expenses ,5 /repai+ Expenses c5 losing stoc 

13. "i#e the a+)ustment entries for

a5 0ncome %ecei#e+ in A+#ance ,5 a+ +e,ts c5 6utstan+ing 0ncome

14. Discuss the reasons for pro#i+ing +epreciation?1. What are the merits an+ +emerits of straight line metho+ of +epreciation?

1!. What are the merits an+ +emerits of Written +o7n #alue metho+ of +epreciation?

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Part C

1. Explain in +etail the #arious concepts an+ con#entions in accounting.

2. /ro,lems 8 /reparation of -ra+ing an+ /rofit an+ Loss A9c an+ alance heet

Module 2

Part A

1. Define financial statement analysis.

2. List out the categories of financial statement analysis.3. What are the o,)ecti#es of comparati#e financial statements?

4. Write ,rief note on tren+ analysis.

. Define accounting ratio.!. What is current ratio? "i#e the formula.

$. What is Aci+ test ratio? "i#e the formula.

&. What is uper :uic Assets ratio? "i#e the formula.

(. Write short note on De,t;Equity ratio. "i#e formula.1*. What is proprietary ratio? "i#e formula.

11. Write short notes on

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