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Courses, > UM20MB501 : Accounting for Managers > Definition, 5 Broad Terminologies, Branches
of Accounting, Objectives of Accounting, Users of Accounting Information, IFRS
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AFM Question Bank- Unit 1
Results A
ree Marks Questions.
2 Fehit W/Sccounting?
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RAGA gigurmal entry?
é Define Debtor and the creditor
2Whabis Journal?
5, Identify the type of the following accounts
‘Announcements
a. Capital A/c
by Prayriag A/c
Purchase A/c
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6.Whekdo you mean by narration?
7. Name any two examples for intangible assets?
Assignments
8, What is meant by IFRS?
ISA Enrolment
Hive Mutt Questions.
SL 1PNamedhe infers of accounting information
2. Explain the main objectives and functions of accounting
3. Explain the accounting conventions.
4, What are the processes of accounting?
5. Comment on any two of the following
a, Business Entity Concept
b. Going Concer Concept
c. Convention of consistency
8, Classify the accounts as per the traditional approach and apply the rule of debit and credit for each
type of accounts.
9c
sify the following accounts into Personal, Real, and Nominal accounts.
a. Rent Account
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