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Accounting And Financial Management
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Course Name
BCA (Bachelor of Computer Application)
Subject Code BC0044 (Accounting And Financial Management)
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PART - A
PART - B
PART - C
Subject : Accounting And Financial Management
BC0044 : PART - B
| Q. 1 | ABC Ltd. maintains a current account with
Syndicate Bank of India. As on 31st March
2004, the bank column of its cash book showed
a debit balance of Rs. 10000. However, the
bank statement shows a different balance. The
following are the reasons for such difference:
1) Cheque deposited but not yet credited by the
bank: Rs. 2000
2) Cheque issued but not yet presented: Rs.
1000
3) Bank Charges: Rs. 2000
4) Cheque received by the bank directly: Rs.
5000
5) Insurance premium paid by the bank as per
standing instructions not yet intimated: Rs.
2000
113. Which of the above reasons should be
entered in the “Add” part of Bank Reconciliation
Statement? |
| | A) | 1, 3 and 5 |
| B) | 2, 3 and 4 | | C) | 2 and 4 | | D) | 1 and 4 | | | | | Q. 2 | State the correct equations
1) Owner’s Equity + Outside Liability = Asset
2) Assets – Liabilities = Capital |
| | A) | Only 1 |
| B) | Only 2 | | C) | Both 1 and 2 | | D) | None of the above | | | | | Q. 3 | The elements directly related to financial
position of an organization are: |
| | A) | Assets, Liabilities |
| B) | Assets, Liabilities, Equity | | C) | Assets, Equity | | D) | Liabilities, Equity | | | | | Q. 4 | State the True points with regards to
GAAP
1) Compliance with GAAP helps maintain
creditability with creditors and stock holders
2) It reassures outsiders that a company’s
financial report accurately portrays its financial
position |
| | A) | Only 1 |
| B) | Only 2 | | C) | 1 and 2 | | D) | None of the above | | | | | Q. 5 | ___ assets are assets that are usually
converted to cash within one year |
| | A) | Fixed Assets |
| B) | Current Assets | | C) | Liquid Assets | | D) | Intangible Assets | | | |
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