Important question - Book keeping

IMPORTANT QUESTIONS IN BOOK KEEPING SUBJECT

compiled by Smt Neelam Dhadse, SSO(A)/Bhusaval

Important Note:

My advice is to read and cover entire syllabus irrespective of  Important or Not Important. Subsequently put more preference for  important ones because they are repeatedly asked in previous examinations as well as for importance they associated with the working of Indian Railways.

Short notes

1) contingent liability

2 ) secret reserve

3) deferred revenue expenditure

4) good will/ valuation of good will

5) memorandum of association

6) accommodation bill

7) accounting conventions or principles

8) double entry system/ single entry system

9)business entity concept

10) money measurements concept

11) matching concept

12) accrual concept

13) going concern concept

14) revenue recognition

15) full disclosure 

16) cash book

17) petty cash book

18) equity

19) cash discount

20) trade discount

21) liquidity ratio

22) debt equity ratio

23) subsidiary records

24) endowment of fund

Distinguish between

1) single entry and double entry

2) fixed asset and current assets

3) trading a/c and profit & loss a/c

4) bad debts & doubtful debts

5) trade bill & accommodation bill

6) debit note & credit note

7) joint venture & partnership 

8) memorandum of association & article of association

9) receipt and payment a/c & income and expenditure a/c

10) sale and consignment

11) bill of exchange and promissory note and cheque

12 share and debenture

13) equity shares & preference share

14) capital expenditure & revenue expenditure

15) trial balance & balance sheet

16) journey and ledger

17) straight line & written down method

18) capital reserve & revenue reserve

19) interest and dividend

Topic to be cover 

1) trial balance :- definition, errors not disclosed by trail balance, errors disclosed by trial balance

2) depreciation :- definition, factors causing depreciation, type of depreciation

3) accounting conventions/ concept/principles

4) bank reconciliation statement:- definition, causes fir disagreement between cash book & pass book.

5) provision, types of provision.

6) reserve, types of reserve.

7) bill of exchange

8) promissory notes

9) negotiable instruments

10) trail balance

11) good will, valuation of good will, good will on dissolution

12) profitability ratios & it's types

13) shares ,types of shares

14) debenture, types of debentures.

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