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

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Department of Commerce

Subject: Financial Accounting

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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

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4. Accounting cycle.
5. Accounting Concepts and convention.
6. Difference between Journals, Ledger.

Problems:

Refer Text book page number:

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1. Page b-28 to b-30. 4,6,15.
2. Page b-30 to b-38. 1,3,4,6,7,9,10,13,14,16,18,19,20,21

UNIT: II

Theory Questions:

1. Advantages of subsidiary books and types of cash book.
2. Difference between cash discount and trade discount.

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Problems:

Refer Text book page number:

1. Page c-22 to c-24. 1,3,4,5,6,7,9.
2. Page c-25 to c-32. 1,3,5,6,8,9,10,11,12,14

UNIT: III

Theory Questions:

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1. What is Bank Reconciliation Statement?
2. Causes for the difference between cash book balance and pass book balance.

Problems:

1. Page D-11 to D-19. 1,3,4,5,6,7,10,11,14,16,17,18.

UNIT- IV

Page No: E7 to E14

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Problem No 1,2,3,4,7,10,11,13,14,16,20,21

Page E27 to E30 Problem No: 1,2,3,4,5,6,7,8,10,11,14

What is Depreciation? Methods of Depreciation

UNIT-V

1. Adjustment Entries
2. Page No: F41 to F58 (All problems)

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