Financial Accounting Mcqs are Collected from different Past papers and from Accounting Mcqs Bank. These Mcqs are very helpful for the Preparation of various posts of Senior Auditor, Junior Auditor, Accountant and for Cost Accountant.
UNIVERSITY OF LUCKNOW
B.COM SEM 1
Unit I : Definition, Nature and Scope of Accounting, Concepts and Conventions, Introduction to
Financial Statements, Capital and Revenue Items, Indian Accounting Standards & IFRS.
Unit II : Partnership Accounts - advanced problems and detailed study. Admission, Retirement and
Death of partners, Dissolution of Partnership Firm.
Unit III : Hire Purchase and Instalment Accounts, Royalty Accounts, Insolvency Accounts.
Unit IV : Insurance Claim for loss of Stock and Loss of Profit, Branch Accounts, Voyage Accounts.
UNIVERSITY OF LUCKNOW
B.COM SEM 1
Unit I : Definition, Nature and Scope of Accounting, Concepts and Conventions, Introduction to
Financial Statements, Capital and Revenue Items, Indian Accounting Standards & IFRS.
Unit II : Partnership Accounts - advanced problems and detailed study. Admission, Retirement and
Death of partners, Dissolution of Partnership Firm.
Unit III : Hire Purchase and Instalment Accounts, Royalty Accounts, Insolvency Accounts.
Unit IV : Insurance Claim for loss of Stock and Loss of Profit, Branch Accounts, Voyage Accounts.
The sales day book is a manually-maintained ledger in which is recorded the key detailed information for each individual credit sale to a customer. It includes the customer name, invoice number, invoice date, and invoice amount. This information is usually added to the sales day book at the end of each business day, based on the company's copies of all customer invoices issued.
The daily total of the sales listed in the sales day book is then transferred into the sales ledger. Thus, the most detailed recordation of credit sales is the sales day book, with only daily totals of credit sales appearing in the sales ledger.
The sales day book is only used in manual accounting systems. It is not used in computerized accounting systems, since accounting software automatically stores and aggregates all customer invoices prepared through the computer system; there is no need to prepare a sales day book.
The sales day book is a manually-maintained ledger in which is recorded the key detailed information for each individual credit sale to a customer. It includes the customer name, invoice number, invoice date, and invoice amount. This information is usually added to the sales day book at the end of each business day, based on the company's copies of all customer invoices issued.
The daily total of the sales listed in the sales day book is then transferred into the sales ledger. Thus, the most detailed recordation of credit sales is the sales day book, with only daily totals of credit sales appearing in the sales ledger.
The sales day book is only used in manual accounting systems. It is not used in computerized accounting systems, since accounting software automatically stores and aggregates all customer invoices prepared through the computer system; there is no need to prepare a sales day book.
Financial Management for Small Business with Luis ArguetaPeopleFund
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Original air date: Dec. 21, 2017
Rebroadcast and recording info at http://www.mhmcpa.com
This quarterly webinar will bring you up-to-date on hot topics, technical matters and current events impacting financial reporting and the accounting profession.
Professionals from CBIZ and MHM will discuss recent happenings at the Financial Accounting Standards Board, American Institute of Certified Public Accountants, Securities and Exchange Commission, Public Company Accounting Oversight Board and other relevant governance bodies. We will also touch on recent tax changes and proposed legislation.
Bovill briefing: Making AIFMD business as usual - Annex IV reporting - Octobe...Bovill
Bovill - the UK financial services regulatory consultancy - runs regular briefings. These are the slides from the October 2014 briefing On AIFMD. For more information visit www.bovill.com.
Further information on the event is below:
Making AIFMD business as usual
When AIFMD came fully into force in July it felt like the end of a long journey. The end of the transitional period, however, was just the beginning. Firms now need to make sure their AIFMD policies and procedures are properly embedded and working effectively.
The Annex IV reporting regime presents a particular challenge for affected firms in remaining compliant with the Directive.
Relevant for anyone involved in meeting AIFMD requirements, Bovill’s briefing covers:
• a recap of what AIFMD is all about
• how to effectively monitor compliance under the Directive
• the practicalities of Annex IV reporting and how Bovill can help.
The CBSA Account Receivable Ledger System (ARL) is the first phase of the CBSA Assessment and Revenue Management (CARM) initiative, which will make various changes to accounting processes. Are you ready for the changes?
Visit our website to learn more: bit.ly/1M00go9
Financial Accounting Mcqs are Collected from different Past papers.These Mcqs are very helpful for the Preparation of various posts of, Accountant and for Cost Accountant. Senior Auditor, Junior Audito Complete course in 7 parts so don’t miss any part
Basic Concepts of Financial Accounting include Assets Liabilities & Capital Types also Discuss purchases sales all terms and include other Basics 50 + Terms
It’s very helpful for student as well as for Teachers
Instructions for Submissions thorugh G- Classroom.pptxJheel Barad
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A Strategic Approach: GenAI in EducationPeter Windle
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This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
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1. Financial Accounting
(MCQS)
These Mcqs are Collected from
Different Past papers
These Mcqs are very helpful for the Preparation of
various posts of Senior Auditor, Junior Auditor, Accountant
and for Cost Accountant.
2. Contact Infomation
• Prepared By Muhammad Mustafa
For More Notes
• CONTACT NO +923457963314
Email ID : kamal786412@gmail.com
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https://www.facebook.com/mustafa.34800
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https://www.facebook.com/Study-Material-
858927181118918/?modal=admin_todo_tour
Youtube link
https://www.youtube.com/channel/UCuthBcs_TSh1BMFAxgjz49Q/videos?view_as=su
bscriber
3. Financial Accounting
(MCQS)
• Q-1 Which of the following specialised
journals records "goods returned by
customers"?
• A) Purchase journal
• B) Sales journal
• C) Purchases return journal
• D) Sales return journal
4. Financial Accounting
(MCQS)
• Q-2 Sales on credit is recorded in which of
the following journal?
• A) Purchase journal
• B) Sales journal
• C) Purchases return journal
• D) Sales return journal
5. Financial Accounting
(MCQS)
• Q-3 Transactions that a BUSINESS doesn't
record in any specialised journal are recorded
in which of the following journals or day
books?
• A) Cash payments journal
• B) Cash receipts journal
• C) Purchases return journal
• D) General journal
7. Financial Accounting
(MCQS)
• Q-5 Which of the following specialised
journals will record "goods returned by the
BUSINESS "?
• A) Purchase journal
• B) Sales journal
• C) Purchases return journal
• D) Sales return journal
8. Financial Accounting
(MCQS)
• Q-6 Sales and purchase journal don't record
• A) Credit sales
• B) Credit purchases
• C) Credit sales and purchases
• D) Cash sales and purchases
9. Financial Accounting
(MCQS)
• Q- 7Cash received from debtor is recorded in
which of the following SPECIALIZED journals?
• A) Purchase journal
• B) Sales journal
• C) Cash receipts
• D) Cash payments journal
10. Financial Accounting
(MCQS)
• Q-8 Which of the following is a type of cash
receipt journal + cash payment journal?
• A) Bank statement
• B) Statement of cash flow
• C) Cash book
• D) Cash documents
11. Financial Accounting
(MCQS)
• 9. Cash purchases is recorded in which of the
following specialized journals?
• A) Purchase journal
• B) Sales journal
• C) Purchases return journal
• D) Cash payments journal
•
12. Financial Accounting
(MCQS)
• 10. A brief explanation recorded below every
entry in general journal is commonly known
as
• A) Narration
• B) Explanation
• C) Summary
• D) Other information
13. Financial Accounting
(MCQS)
• 11. Credit purchase of plant and machinery is
recorded in which of the following journals?
• A) General journal
• B) Cash journal
• C) Purchase journal
• D) Purchase return journal
14. Financial Accounting
(MCQS)
• 12. Debit note is the basis for recoding a
transaction in which of the following
journals?
• A) General journal
• B) Cash journal
• C) Purchase journal
• D) Purchase return journal
15. Financial Accounting
(MCQS)
• 13. SALE of old furniture" will be recorded in
which of the following specialised journals?
• A) Purchase journal
• B) Sales journal
• C) General journal
• D) Cash receipt journal
16. Financial Accounting
(MCQS)
• 14. Credit note is the basis for recording a
transaction in which of the following
SPECIALIZED journals?
• A) Purchase journal
• B) Sales return journal
• C) General journal
• D) Cash receipt journal
17. Financial Accounting
(MCQS)
• 15. Specialized journals are more adequate
for which TYPE OF BUSINESSES ?
• A) Small businesses
• B) Big businesses
• C) Sole proprietorship
• D) Partnership
18. Financial Accounting
(MCQS)
• 16. Which of the following is known as an
evidence that a transaction took place?
• A) Cash receipts journal
• B) General journal
• C) Source document
• D) Cash book
19. Financial Accounting
(MCQS)
• 17. BUSINESS paid rent amounting to $100"
which of the following specialized journals
records this transaction?
• A) Cash receipts journal
• B) Cash payments journal
• C) Sales journal
• D) Purchase journal
20. Financial Accounting
(MCQS)
• Q-18 Credit memo or credit note No. is
entered in which of the following journal?
• A) General journal
• B) Cash journal
• C) Purchase journal
• D) Sales return day book
