2 Marks Important Questions
- What is meant by Dead Rent?
- b) Mention any two objectives of Financial Accounting.
- What is royalty?
- What is a Realisation Account?
- d) What is single entry system ?
- g) What do you mean by purchase consideration ?
- What do you mean by Accounting Standards ?
- Define GAAP. (they will ask
- List any four accounting standards
- State two features of hire purchase system.
6 Marks Important Questions
- Briefly discuss the users of accounting information.
- Describe any three advantages and three limiihtions of FinanciatAccounting.
- Discuss the users of Accounting lnformation.
- What are the Functions of accountung ?