Accounting for Managers
MID-SEM EXAM -2021
Section A
Answer any five from the following questions. (2x5=10 Marks)
1. Define Accountancy.
2. Define Final Accounts.
3. What do you mean by SLM?
4. What do you mean by trading account?
5. What is the meaning of going concern concepts?
6. Define Debtors and Creditors.
7. What is trail balance?
Section B
Answer any one.
(1x5=5 Marks)
1. Write the format of Trading and P and L Account
2. What are the causes for deprecation?
Case study. (4+4+2= 10 Marks).
Journal the following transaction and post them into ledger and also prepare the Trail
Balance.
1.
2.
3.
4.
5.
6.
7.
8.
9.
Business started with cash Rs 2, 00,000.
Open a SBI Bank Account Rs. 80,000.
Goods purchased from M/S Gulmohar Fashion House Of Rs. 30,000.
Purchased office machine and paid by check Rs.20,000
Rent paid by check 5000
Goods sold To Mr. Mohit Rs.10, 000.
Good sold Rs.15000.
Settles the account of M/s Gulmohar of Rs. 28,000.
Receive a Check from Mr.Mohit Rs 10,000.