QUESTION BANK FOR PRINPCIPLE AND PRACTICES OF ACCOUNTING (PPA)

CLASS: FYBBA (HM/TTM)

UNIT 1: BASIC OF ACCOUNTING
1. Define Accounting. Discuss meaning and objectives of accounting.
2. What is accounting concepts? Discuss all concepts in detail.
3. Write note on following Accounting Conventions:
1) Materiality 2) Disclosure 3)
4. Discuss the types of accounts with its rules for debit and credit.
5. Differentiate between Capital Expenses & Revenue Expenses.
UNIT 2: ACCOUNTING CYCLE
1. What is subsidiary book? Explain various types of subsidiary books kept by business.
2. Write note on:
A) Purchase & Purchase Return book
B) Sales & Sales return Book
C) Cashbook
3. Examples of Journal Entry, posting in to ledger and preparing trial balance.
UNIT: 3 DEPRECIATION
1. What is depreciation? Explain objectives of providing depreciation.
2. Discuss the causes of depreciation.
3. Write note on:
A) Straight Line Method of depreciation (SLM)
B) Written Down Value Method of Depreciation (WDV)
C) Sinking Fund Method
4. Examples of depreciation.
UNIT 4: FINAL ACCOUNT
1. Pro- forma of Trading Account, Profit & Loss Account and Balance Sheet.
2. Examples given in previous years question papers (Sole Proprietor)
3. Examples given in Study material (Company Final Account)