I Write short answers to any SiX (6) questions (2x61

What ¡s meant by statèrnènt of affairs?

Whát is the difference between statement of affairs ar

balance sheet?

What is meant by opening statement of affairs? .

iv) What is meant by šurplus in non-trading concern?

(y) How can capital be calculated for’non-trading concern?

(vi) What is meant by subscription?

(vii) What is Honorarium?

... . .

(viii) What is meant by receipts and payment account.

(ix) What is the difference between trading concerns and

non-trading concerns?

Write short answers to any SIX (6) questions:(2x6=l2)

Define irredeemable debentures.

What are three legal documents of a Public Ltd. Compa

nr

(iîi Define chartered company..

(iv) What would be journal entries for shares issued at dis

cou nt?

(y) What are the conditions to issue shares at discount?

(vi) What is the difference between “Account Salesu and

“Sales Account”.

(vii) What journal entry would be for normal loss of goods

both in the books of consignor and consigneé?

(viii) What would be journal entry in books of consignor for ac

. ceptance of bill as advance by consignee?

(ix) How abnormal lošs of goods is calculated ¡n consign

ment?

LI Write short answers to any SIX (6) questions: (2x612)

(I) Name two important methods of depreciation.

(ii) Define Amortization.

(iii) Define Nominal Partner. .

(iv) What is meant by Limited Partnership?

(y) Defirì’ Partnership..

(vi) Wb is nt by Good-Will? .

(vii) D€scribe the methods of dissolution of partnership.

(viii) Define Fixed Capital. ‘

(ix) Define Retirement of Partner.