Section a

Q1. Attempt all parts of the following : ( 8 * 1 = 8)

a) As per which concept, the economic life of an enterprise is split into periodic interval?
b) Give any two reasons for the differences in the balances as shown by the cash book & the pass
book?
c) What do you understand by accrued income?
d) Forfeiture of shares are defined as ………………………………………….. .
e) At the time of charging depreciation, assets account is ……………. And depreciation account is
………. .
f) Write two characteristics of the balance sheets.
g) For cash deposited into bank, ………………… a/c will be debited and ………………. a/c will be
credited.
h) Differentiate between equity share and debentures.

Section – B

Q2. Attempt any two parts of the followings . ( 2 * 6 = 12 )

a) What are the attributes of the accounting? State any six users of accounting information, why
do they need accounting information? Differentiate between book-keeping and accounting.
b)