Download OU B.Com 1st Sem Financial Accounting I Important Questions

Download OU (Osmania University) B.com (Bachelor of Commerce) 1st Sem Financial Accounting I Important Question Bank For 2021 Exam

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Department of Commerce
Subject: Financial Accounting
Course: Bcom
Group: Computers
Semester: I
UNIT-I
Theory Questions:
1. Definition of financial accounting, objectives.
2. Distinction between Book keeping and Accounting.
3. Advantages, limitations of Accounting
4. Accounting cycle.
5. Accounting Concepts and convention.
6. Difference between Journals, Ledger.
Problems:
Refer Text book page number:
7. Page b-29 6,7,11.
8. Page b-30 to b-38. 15,1,3,5,7,9,10,15,1718,20,21
UNIT: II
Theory Questions:
1. Advantages of subsidiary books and types of cash book.
2. Difference between cash discount and trade discount.
Problems:
Refer Text book page number:
1. Page c-22 to c-24. 1,2,3,4,5,7,9.
2. Page c-25 to c-32. 2,4,6,7,8,10,11,13,16
UNIT: III
Theory Questions:
1. What is Bank Reconciliation Statement?
2. Causes for the difference between cash book balance and pass book balance.
Problems:
3. Page D-11toD-19.1,3,4,5,6,710,11,14,16,17,18.

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