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1.The lands extending along the western coast of the Arabian Giulf in Pre-Islamic times
prayer ar Al Gharbia.
4. In Uae, the Muslims took the city of..............as their base and crossed the waters of gulf
3. What is Constitution?
ACCOUNTANCY
1. Define Accounting.
2. What is GAAP?
3. Why it is necessary for accountants to make going concern assumption?
4. When should revenue be recognised? Are there exceptions to the general rule?
5. Write Accounting equation.
6. What do you mean by source document?
7. Explain the accrual concept of accounting.
8. Write a short note:-
a. Principle of Matching
b. Principle of conservatism.
c. Principle of full disclosure.
d. Dual aspect concept.
e. Consistency concept.
9. What are the rules of debit and credit in terms of liabilities and assets and income and
expense?
10. What are the accounting rules for debit and credit?
11. Explain basic terms in Acounting.
12. What do you mean by Accounting Standards? Advantages of Accounting Standards?
13. Differentiate between cash basis accounting and accrual basis accounting.
14.A.Prepare the accounting equation from the following:
15. Journalise the following transactions of M/s Time Zone and post them to the ledger
accounts:
Date Details Amount
2005