Reference no: EM132927530
Questions
What is materiality concept of accounting? Explain its accounting implications with examples.
What is materiality concept of accounting? Explain its accounting implications with examples
Define Bill of exchange. Prepare an imaginary specimen of a bill of exchange.
How is valuation of closing stock in consignment accounts done when abnormal and normal losses occur simultaneously? Explain it with an example.
Distinguish between Capital Expenditure and Revenue Expenditure with examples.
What is Single Entry System of Book-keeping? How has Double Entry System removed its limitations?
What are the differences between 'Receipts and Payments Account' and 'Income and Expenditure Account'?
State the reasons that lead to disagreement in the balances of Cash Book and Pass Book.
How is valuation of closing stock in consignment accounts done when abnormal and normal losses occur simultaneously? Explain it with an example.
What is a secret reserve? State the various ways in which it is created