Elucidate price and output determination under Cournot and Stackelberg models of Oligopoly.
See Answer →a) What is meant by Provision for Bad Debts and Provision for Discount on Debtors? Explain their treatment in Final Accounts.
b) What is one- sided errors? Give five examples. Explain the methods of rectifying one- sided errors.
See Answer →How would you determine whether a particular expenditure is Capital or Revenue? Give five examples of each. Explain the concept of Deferred Revenue Expenditure with suitable example.
See Answer →Distinguish between Cash Basis and Accrual Basis of Accounting with examples. Briefly explain the accounting concepts to be observed at the time of preparing Final Accounts.
See Answer →State various causes of disagreement between the balances shown by the Cash Book and Pass Book. Explain the procedure of preparing a Bank Reconciliation Statement.
See Answer →Why is journal sub-divided? Name the special journals and state the types of transactions entered in each of them.
See Answer →Journalize the following transactions, post them into Ledger and prepare a Trial Balance.
a) Business started with a capital of Rs 4, 00,000
b) Furniture purchased from Rai & Sons on credit Rs. 1, 00,000
c) Payment made to Shaliny & Brothers Rs. 12,000
d) Commission Received from Rajasthan Handlooms Rs. 6,000
e) Goods purchased from Raghuveer & Sons Rs. 5, 00,000
f) Interest paid to Dayal & Sons Rs. 7,000
See Answer →What do you understand by the Principle of Double Entry? Give the rules of Debit and Credit with suitable examples. Discuss various stages involved in Accounting Process.
See Answer →What do you mean by business? Explain the various types of business activities. Name various parties who assist in the flow of goods from Producer to the Consumers.
See Answer →Management and Administration
See Answer →Horizontal communication and Vertical communication
See Answer →Inward mail and Outward mail
See Answer →Centralised and Decentralised purchase of stationery
See Answer →Pension and Retirement Benefits Centralized Storage
See Answer →Office committees
See Answer →Simplification of office work
See Answer →Indexing is an integral part of filing and records management.
See Answer →Machines and equipments are introduced in the office just to give it a modern look
See Answer →Mechanisation of a modern office is necessary to improve work efficiency and reduce the office costs.
See Answer →Office systems, procedures, methods and routines are interchangeable terms.
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