MCOM03 Financial and Corporate Accounting M.Com Question Bank : vmou.ac.in

Name of the University : Vardhman Mahaveer Open University
Degree : M.Com
Department : Economics
Subject Code/Name : MCOM-03 – Financial and Corporate Accounting
Year : I
Document Type : Question Bank
Website : vmou.ac.in

Download Model/Sample Question Paper : https://www.pdfquestion.in/uploads/vmou.ac.in/3657-MCOM-03_214.pdf

VMOU Financial & Corporate Accounting Question Paper

Very Short Questions

1) When was ICAI established in India-
2) What are the two basic assumptions of accounting-
3) Mention four major functions of accounting.

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4) What is the mean of Accountant-
5) Give three characteristics of accounting.
6) What is included in the accounting process-
7) what is mean about Financial Statements Bills-
8) Which Items are written in balance sheet on Assets side-
9) What is the paid up capital-
10) When was the International Accounting Committee established-
11) Whom Accounting standard AS-6 is related to-
12) After 2001 were on the accounting standards referred to by what name-
13) When was established National Advisory Committee-
14) What is the preliminary expense-
15) What is the mean of sweat equity share-
16) What do you know about called up capital-
17) What is the Share-
18) What do you mean about redemption preference share-
19) In how many parts is divided Profits available for dividends-
20) Define the “Net proceeds from Receipts “.

21. What do you mean about redemption preference share?
22. In how many parts is divided Profits available for dividends?
23. Define the “Net proceeds from Receipts “.
24. What will be entry issue of bonus shares from capital redemption account?
25. What do you understand about debentures?
26. What is the difference between redemption of debenture in capital and in profit?
27. When the situation occurs gain on redemption of debentures?
28. When the journal entry of purchasing debentures to be immediately canceled?
29. What is the dividend?
30. What is appropriation of profit?
31. How many ways are Capitalisation of reserve and profits?
32. What do you know interim dividend?

33. Management remuneration is paid according to how the list?
34. What is the maximum number of managerial remuneration according to Section 198 of the Companies Act 1956?
35. The company employs a full-time director’s maximum remuneration in the event of what will be?
36. What is the governing body?
37. What is Section 208 of the Companies Act, 1956?
38. What would behave in the event after tax account?
39. Give Example of preliminary expense?
40. On the payroll tax deduction at source is shown in the posts?
41. What is the reasonable price?
42. How many kinds of the company is the integration?
43. Which entry on common equity is transferred to the common shareholders?
44. How many parts are divided into from the standpoint of accounting inter- company behavior?
45. Define the bank word.

Short Questions

1) Explain banking book keeping method.
2) Define the accounting.
3) What did you mean about accounting principles-
4) Explain the concept of accrual accounting.
5) What did you mean about prospective investor-
6) What is the relation between accounting and Statics-
7) Explain the cash accounting method of accounting.
8) Which method is based on the principles of double entry- Explain it.
9) Explain owners’ equity or net worth.
10) How many types of Assets- Explain.
11) Explain the cash flow statement.
12) What is relationship status of Profit and Loss account to balance sheet- .
13) What is accounting standard-
14) Explain the nature of accounting standards.
15) Explain the need for rendering accounting standards in India.
16) How did the rendering of accounting standards at the international level-
17) What is demat account- Explain.
18) How is reissue of forfeited share-
19) Explain the related to Constraints of issue shares at discount.
20) The amount of premium received on shares for which tasks can be done-