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    Raghav Banga
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    Ramesh kept basic records of financial transactions for his company but lacked accounting skills. His CEO recognized this and enrolled Ramesh in an accounting course to improve his skills. After training, Ramesh learned to interpret financial statements and communicate this essential information to users of the business. He became a more productive employee able to perform accounting work beyond basic record keeping.

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    Ramesh kept basic records of financial transactions for his company but lacked accounting skills. His CEO recognized this and enrolled Ramesh in an accounting course to improve his skills. After training, Ramesh learned to interpret financial statements and communicate this essential information to users of the business. He became a more productive employee able to perform accounting work beyond basic record keeping.

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    © All Rights Reserved
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    4 views1 page

    Test - 1

    Uploaded by

    Raghav Banga
    Ramesh kept basic records of financial transactions for his company but lacked accounting skills. His CEO recognized this and enrolled Ramesh in an accounting course to improve his skills. After training, Ramesh learned to interpret financial statements and communicate this essential information to users of the business. He became a more productive employee able to perform accounting work beyond basic record keeping.

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    © All Rights Reserved
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    of 1

    TEST – 1

    Chapter-1 ( Introduc on to Accoun ng )

    Time allo ed : 45 mins MM : 20

    1. What do you understand by the term Window Dressing? (2)

    2. Define Accoun ng. Name any two objec ves of accoun ng. (4)

    3. Ramesh goes to his office on a daily basis and keeps records of financial
    transac ons that take place in the business. Mr. Madan the CEO of the
    company decides to upli his way of working and try to develop more
    skills in his work related ac vi es in order for him to be more
    competent. He engages Ramesh in a course of accoun ng to be more
    skillful and produc ve than what he is. A er some me Ramesh learns
    new skills and is now able to interpret and communicate the financial
    statements to the users of the business as well. Discuss what Ramesh
    was doing before the training and what he is doing a er the comple on
    of the training. Also mark out any 2 differences between the jobs he
    performed as an employee in the co. (5)

    4. Write a short note on users of accoun ng informa on. (4)

    5. Write any 6 advantages of accoun ng. (5)

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