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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 | When the bill sent for collection is actually
collected, the two accounts affected in the
books of the drawer re: |
| | A) | Bank Account and Bank for collection of Bills
Account |
| B) | Bank Account and Bank Charges Account | | C) | Bank Account and Bills Payable Account | | D) | Bank Account and Bills Receivable Account
| | | | | Q. 2 | State the true equations
a. Liabilities + Assets = Capital
b. Liabilities – Assets = Deficiency of Capital |
| | A) | Only a |
| B) | Only b | | C) | a and b | | D) | None of the above | | | | | Q. 3 | EDI |
| | A) | Help in reducing delay |
| B) | Reduce paper cost | | C) | Reduce inventory cost | | D) | All of the above | | | | | Q. 4 | Causes of appreciation are:
1) Wear and Tear
2) Efflux of time
3) Obsolescence
4) Accident
5) Rise in market price |
| | A) | Except 3 |
| B) | Except 4 | | C) | Except 5 | | D) | All of the above | | | | | Q. 5 | Bank Reconciliation
Set A - Adjustments to Bank Balance
1) Add Deposits in transit
2) Subtract outstanding cheques
3) Bank errors
Set B - Adjustments to bank Balance
a) Errors relating to deposits
b) Interest Earned
c) Interest Charges |
| | A) | 1-b, 2-c, 3-a |
| B) | 1-a, 2-b, 3-c | | C) | 1-a, 2-c, 3-b | | D) | 1-c, 2-b, 3-a | | | |
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