TIMELINE SCHOOL Group-C

Gokarneshwor-5, Jorpati, Kathmandu Give long answer to the following questions. (Any 3×10=30)
TIM EL INE Third Terminal Examination-2077
S C HO OL 14. Explain the types of partners.
Subject: Accountancy F.M. 75
15. Explain the principles of accounting.
Time: 2hrs 15 min. Class: IX P.M. 30
16. Journalize the following transactions.
Group-A
Jan-1 : Started business with cash Rs.50000.
Answer the following questions in a sentence. (5×1=5)
Jan-5: Purchased computer for Rs.25000.
1. What is journalizing?
Jan-10: Furniture sold for Rs.10000.
2. What is the meaning of L.F.?
Jan- 15: Withdrawn Rs.5000 for personal use.
3. Who is father of accounting?
Jan-20: Purchased goods for Rs.60000.
4. What is partnership deed?
Jan-25: Sold goods for Rs.70000.
5. Mention the types of business.
#Do your best#
Group-B
Give short answer to the following questions. (8×5=40)
6. What is trade? Explain the types of trade.
7. What is business? Explain four importance of business.
8. What is book keeping? Explain four objectives of book
keeping.
9. Introduce the types of accounting.
10. Explain types of account with suitable example as well as
debit and credit rules.
11. Define the following accounting terms:
a) Prepaid expenses
b) Advance income
c) Assets
d) Loan
e) Cash in hand
12. What is seminar? Mention the steps of seminar.
13. What is sole trading concern? Explain its four features.
 TIMELINE SCHOOL Group-C
Gokarneshwor-5, Jorpati, Kathmandu Give long answer to the following questions. (Any 3×10=30)
TIM EL INE Third Terminal Examination-2077
S C HO OL 14. Explain the types of partners.
Subject: Accountancy F.M. 75
15. Explain the principles of accounting.
Time: 2hrs 15 min. Class: IX P.M. 30
16. Journalize the following transactions.
Group-A
Jan-1 : Started business with cash Rs.50000.
Answer the following questions in a sentence. (5×1=5)
Jan-5: Purchased computer for Rs.25000.
1. What is journalizing?
Jan-10: Furniture sold for Rs.10000.
2. What is the meaning of L.F.?
Jan- 15: Withdrawn Rs.5000 for personal use.
3. Who is father of accounting?
Jan-20: Purchased goods for Rs.60000.
4. What is partnership deed?
Jan-25: Sold goods for Rs.70000.
5. Mention the types of business.
#Do your best#
Group-B
Give short answer to the following questions. (8×5=40)
6. What is trade? Explain the types of trade.
7. What is business? Explain four importance of business.
8. What is book keeping? Explain four objectives of book
keeping.
9. Introduce the types of accounting.
10. Explain types of account with suitable example as well as
debit and credit rules.
11. Define the following accounting terms:
a) Prepaid expenses
b) Advance income
c) Assets
d) Loan
e) Cash in hand
12. What is seminar? Mention the steps of seminar.
13. What is sole trading concern? Explain its four features.