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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 | The balance sheet equation indicates that |
| | A) | Sources of Fund = Uses of Fund |
| B) | Equities – Assets = 0 | | C) | Outside Liability = Assets – Proprietors’ Equity
(Capital) | | D) | All of the above | | | | | Q. 2 | The financial statements include
1) Profit and loss account
2) Balance sheets
3) Statement of changes in financial position |
| | A) | 1 and 2 |
| B) | 2 and 3 | | C) | 1 and 3 | | D) | All of the above | | | | | Q. 3 | State the true points with regards to debt
1) Good debt refers to fully recoverable debt
2) Bad debt refers to debt, which is not
recoverable (irrecoverable)
3) Doubtful debt refers to debt whose recovery
is doubtful |
| | A) | Only 1 |
| B) | 1 and 2 | | C) | 1 and 3 | | D) | 1, 2 and 3 | | | | | Q. 4 | ___ assets are assets that are usually
converted to cash within one year |
| | A) | Fixed Assets |
| B) | Current Assets | | C) | Liquid Assets | | D) | Intangible Assets | | | | | Q. 5 | The rent paid for fifteen months in
advance is an example for ___ basis of
accounting: |
| | A) | Accrual |
| B) | Cash | | C) | Both A) and B) | | D) | None of the above | | | |
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