IMPORTANT QUESTIONS IN BOOK KEEPING SUBJECT
compiled by Smt Neelam Dhadse, SSO(A)/Bhusaval
Important Note:
My advice is to read and cover entire syllabus irrespective of Important or Not Important. Subsequently put more preference for important ones because they are repeatedly asked in previous examinations as well as for importance they associated with the working of Indian Railways.
Short notes
1) contingent liability
2 ) secret reserve
3) deferred revenue expenditure
4) good will/ valuation of good will
5) memorandum of association
6) accommodation bill
7) accounting conventions or principles
8) double entry system/ single entry system
9)business entity concept
10) money measurements concept
11) matching concept
12) accrual concept
13) going concern concept
14) revenue recognition
15) full disclosure
16) cash book
17) petty cash book
18) equity
19) cash discount
20) trade discount
21) liquidity ratio
22) debt equity ratio
23) subsidiary records
24) endowment of fund
Distinguish between
1) single entry and double entry
2) fixed asset and current assets
3) trading a/c and profit & loss a/c
4) bad debts & doubtful debts
5) trade bill & accommodation bill
6) debit note & credit note
7) joint venture & partnership
8) memorandum of association & article of association
9) receipt and payment a/c & income and expenditure a/c
10) sale and consignment
11) bill of exchange and promissory note and cheque
12 share and debenture
13) equity shares & preference share
14) capital expenditure & revenue expenditure
15) trial balance & balance sheet
16) journey and ledger
17) straight line & written down method
18) capital reserve & revenue reserve
19) interest and dividend
Topic to be cover
1) trial balance :- definition, errors not disclosed by trail balance, errors disclosed by trial balance
2) depreciation :- definition, factors causing depreciation, type of depreciation
3) accounting conventions/ concept/principles
4) bank reconciliation statement:- definition, causes fir disagreement between cash book & pass book.
5) provision, types of provision.
6) reserve, types of reserve.
7) bill of exchange
8) promissory notes
9) negotiable instruments
10) trail balance
11) good will, valuation of good will, good will on dissolution
12) profitability ratios & it's types
13) shares ,types of shares
14) debenture, types of debentures.
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