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Accounting And Financial Management


This is the collection of Sikkim Manipal University (SMU) question and answers for Accounting And Financial Management. It will help to prepare your examination. All question paper are classified as per semester, subject code and question type of Part A, Part B and Part C with multiple choice options as same as actual examination. SMU question papers includes year 2025, 2024, 2023 Sem I, II, III, IV, V, VI examinations of all subjects.

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Course Name        BCA (Bachelor of Computer Application)

Subject Code       BC0044 (Accounting And Financial Management)

Get Questions        PART - A    PART - B    PART - C

Subject : Accounting And Financial Management

     BC0044 : PART - B    


Q. 1ABC 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. 2State 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. 3The elements directly related to financial position of an organization are:
 A)Assets, Liabilities
 B)Assets, Liabilities, Equity
 C)Assets, Equity
 D)Liabilities, Equity
   
Q. 4State 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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