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CBSE Question Papers 2005 - Financial Accounting

by Deepa Mittal

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FINANCIAL ACCOUNTING
Time allowed : 3 hours Maximum Marks : 60

  1. Give the definition of 'Balance Sheet'.


  2. What is 'Sectional Balancing System' ?


  3. Explain briefly two objects of providing for depreciation.


  4. What is 'Cash Budget' ?


  5. What is meant by 'Average Due Date' ?


  6. Explain briefly two points of difference between 'Income and Expenditure Account' and 'Receipts and Payments Account'.


  7. What do you mean by 'Non-profit organisation' ? Give any two examples of Non-profit organisations.


  8. State three advantages of the system of 'self-balancing ledgers'.


  9. What is an 'Account Current' ? Name two parties between whom Account Current is exchanged.


  10. From the following items calculate value of Closing stock on 31-12-2003 :


    1. 1-1-2003, Opening stock Rs. 40,000

    2. Goods bought during the year 2003 Rs. 60,000

    3. Goods sold during the year 2003, Sale price Rs. 40,000, Cost Rs. 30,000




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deepa mittal
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Last Updated At Dec 07, 2012
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