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WORK
SHEET ON - INTRODUCTION TO ACCOUNTING
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NAME OF THE STUDENT
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NAME OF SUBJECT
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ROLL NUMBER
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NAME OF SCHOOL
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TOTAL MARKS: 40
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MARKS SCORED:
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TIME: 2 hrs.
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Instructions
1) Read all questions carefully before writing answers
2) Limit your answers as per the marks of each question
3) Manage time according to the level of question
4) Express your right valuable points as answer
5) Write the exam without any tension by recalling all the points.
6) Try to attempt all the questions.
7) The number inside the bracket shows marks for each question.
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QUESTIONS & ANSWERS
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MARKS
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Q 1. Write the meaning of the
term ‘Accounting’. [ 1 ]
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Q 2. List out the names of the
interested users of business information [ 3 ]
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Q 3. Explain the following terms
[ 4 ]
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Identification:
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Measurement:
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Recording :
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Communication :
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Q 4. Briefly explain the
branches of accounting [
3 ]
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Q 5. Summaries the Qualitative Characteristics of Accounting
Information [4]
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Q 6. List out the objectives of
accounting
[2]
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Q 7. Briefly explain the types
of Assets
[4]
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Q 8. Explain the following terms
each carries one mark [6]
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Entity
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Liability
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Capital
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Revenue
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Sales
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Gain
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Q 9. What you mean by discount?
explain types of discount. [3]
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Q 10. Differentiate the
terms Sales & Purchase
[2]
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Q 11. Write the meaning of
stock. Explain the types of stocks in an Organisation. [4]
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Q 12. Explain the term with
example ‘DEBTOR’
[2]
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Q 13. Who is a creditor?
[1]
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Q 14. Explain the term Drawings
[1]
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Remarks & Suggestions for Students:
