Q.

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Question What is credit Trasaction? Define Business. What is meant by Capital? What is meant by Asset? Current & Non Current Define Account. Define Stock. What is Double entry Book keeping System Write Down Accounting Equation. Define Personal & Nominal Accounts What is Entry. Define Narration. What is ledger? Define Bearer Cheque. Define Petty Cash Book. Define Debit and Credit Note. Define Renwal of Bill of Exchange. Define Bad Debts. Define Drawee. Define Trading Account. Define Direct Income. What are Current Liabilities? What is Closing Stock? Define Depreciation. Define days of grace. Define unrepresented Cheques. Name any four long term liabilities. what is capital loss? What is capital Payment? What is revenue Loss? Define Errors of Commission. What are Trial Balance Errors? Define Purchase Account. Define Propriter. What are drawings? Define Commission. Define Stock in trade. What is financial Accouting? Define Management Accounting. What are the stages of Accounting Cycle? Define Suspence Account. Define Book Keeping Errors. Define Reserve for Bad Debts.

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Define Accrued Expenses. Define Unearned Income. Define Profit & Loss Acount/ Income Statement. Define Bills Received & Receiveable. Define Returns Inwards and Outwards. Direct Expenses Define Abnormal loss. Define Bills payable book. Define Posting. Define BRS. Define Cash Book. Single, double & Tripple. Define Uncollected Cheques/ uncredited cheques. Define cash and Credt Purchases. Define cash & Credit Sales. What is cash discount? What is meant by income? Define Notes payable. What is contra entry? Explain Purchase Journal. Define Cheque Book. Define Pass Book. Define Internal Liabilities. Define Debt. Explain Intrest on Drawings. Define Worksheet. Give four examples of revenue expenditures. What is revenue receipts? What is revenue payment? Explain Errors of omission. What are errors of principle. Define partnership. What is invoice? Define Voucher. Define journalizing. Define Trial Balance. What is bank draft? Diffrenciate between cash and trade discount. Mention Parties of bills of Exchange. What are ficticious assets? Define preliminary Expenses. Define Balance Sheet. What is endorsment of a bill of Exchange. What is Gross Profit/Loss? What os Net Profit/ Loss?

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Principles of Accounting (I. Com, Part-I) Short Questions

Q. # Question 1 Define Abnormal loss. 2 Define Account. 3 Define Accrued Expenses. 4 Define Bad Debts. 5 Define Balance Sheet. 6 Define Bearer Cheque. 7 Define Bills payable book. 8 Define Bills Received & Receiveable. 9 Define Book Keeping Errors. 10 Define BRS. 11 Define Business. 12 Define cash & Credit Sales. 13 Define cash and Credt Purchases. 14 Define Cash Book. Single, double & Tripple. 15 Define Cheque Book. 16 Define Commission. 17 Define days of grace. 18 Define Debit and Credit Note. 19 Define Debt. 20 Define Depreciation. 21 Define Direct Income. 22 Define Drawee. 23 Define Errors of Commission. 24 Define Internal Liabilities. 25 Define journalizing. 26 Define Management Accounting. 27 Define Narration. 28 Define Notes payable. 29 Define partnership. 30 Define Pass Book. 31 Define Personal & Nominal Accounts 32 Define Petty Cash Book. 33 Define Posting. 34 Define preliminary Expenses. 35 Define Profit & Loss Acount/ Income Statement. 36 Define Propriter. 37 Define Purchase Account. 38 Define Renwal of Bill of Exchange. 39 Define Reserve for Bad Debts. 40 Define Returns Inwards and Outwards. 41 Define Stock in trade. 42 Define opening Stock. Y 9 10 9 10 6 10 9 9 9 9 10 8 8 9 8 9 10 10 8 10 10 10 10 8 7 9 10 8 7 8 10 10 9 6 9 9 9 10 9 9 9 10 Q. # 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85

By: Abdul Shakoor

Question Define Trading Account. Define Trial Balance. Define Uncollected Cheques/ uncredited cheques. Define Unearned Income. Define unrepresented Cheques. Define Voucher. Define Worksheet. Diffrenciate between cash and trade discount. Direct Expenses Explain Errors of omission. Explain Intrest on Drawings. Explain Purchase Journal. Give four examples of revenue expenditures. Mention Parties of bills of Exchange. Name any four long term liabilities. What are Current Liabilities? What are drawings? What are errors of principle. What are ficticious assets? What are the stages of Accounting Cycle? What are Trial Balance Errors? What is bank draft? what is capital loss? What is capital Payment? What is cash discount? What is Closing Stock? What is contra entry? What is credit Trasaction? What is Double entry Book keeping System What is endorsment of a bill of Exchange. What is Entry. What is financial Accouting? What is Gross Profit/Loss? What is invoice? What is ledger? What is meant by Asset? Current & Non Current What is meant by Capital? What is meant by income? What is revenue Loss? What is revenue payment? What is revenue receipts? What os Net Profit/ Loss?

43 Define Suspence Account.

86 Write Down Accounting Equation.

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