Book keeping paper - Important questions - Differences between

Important Differences between questions

in Advanced Book keeping paper of Appendix 3 Exam

Note:

A very commendable effort by Shri Satbir Singh , Bhopal in compiling the Distinguished questions in Advanced Book Keeping paper. 

4 times Asked

1.      Equity shares and preference shares-1989, 1994, 1995, 1996

2.      Provision and reserves -1984, 1987, 1988, 1995

3 times asked

1.      Bill of exchange and promissory note-1986, 1991, 1997

2.      Consignment and sale-1987, 1989, 1997

3.      Fixed assets and current assets-1994, 1996, 2004

4.      Shares and debentures-1997, 2000, 2006

2 times asked

1.      Amalgamation and absorption-1986, 1988

2.      Bad debts and doubtful debts-1983, 2004

3.      Capital and revenue expenditure-1991, 2000

4.      Debentures and preference shares-1983, 1987

5.      Joint venture and partnership-2001, 2004

6.      Fixed and floation assets-1991, 1997

7.      Memorandum of association and articles of association-2001, 2006

8.      Good will and royalty-1986, 1989

9.      Ledger and journal-1995,  2016

10.  Renewal of bill and retiring a bill-1996, 2001

11.  Straight line method and diminishing balance method of providing depreciation-2000, 2006

12.  Trade discount and cash discount-1988, 1997

13.  Wasting and fictitious assets-1987, 1989

1 time asked

1.      Accrual and cash basis of accounting-1988

2.      Bonus shares and right shares-1984

3.      Business entity concept and going concern concept-1996

4.      Capital expenditure and capitalized expenditure-1984

5.      Capital receipts and revenue receipts-1988

6.      Carriage inward and carriage outwards-2004

7.      Cash credit and over draft-1986

8.      Consignment account and joint venture accounts.-1983

9.      Consignment and joint venture-2000

10.  Convertible debentures and redeemable debentures-2001

11.  Current ratio and acid test ratio-2000

12.  Current ratio and quick ratio-1989

13.  Debit note and credit note-1980

14.  Dividend and interest-2006

15.  Errors of principle and compensatory errors-1997

16.  Fifo and lifo method of inventory valuation-1988

17.  Financial and cost accounting-1995

18.  Fixed capital and working capital-1994

19.  Hire purchase and installment system-2006

20.  Issue of debentures at prememium and issue of debentures at discount-1980

21.  Limited company and partnership-1980

22.  Nominal capital and paid-up capital-1980

23.  Partnership concern and joint stock company-1995

24.  Preference and deferred shares-1991

25.  Private limited and public limited company-2006

26.  Promissory note and bill of exchange-1994

27.  Receipt and payment account and income and expenditure account-2001

28.  Reserve fund and capital reserve-1994

29.  Reserve fund and dividend equalisation fund-1983

30.  Revenue expenditure and deferred revenue expenditure-1984

31.  Revenue fund and sinking fund-1991

32.  Sale and consignment-2001

33.  Single entry and double entry system-2004

34.  Trade bill and accommodation bill-1995

35.  Trade discount and quantity discount-1983

36.  Trade mark and patent rights-1989

37.  Trading account and p&l account-2004

38.  Trial balance and balance sheet-2000

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Book keeping - Important questions - Distinguish between

    

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