Chapter:- 1 Company Formation 1.What is Company? Ans:-A company is an artificial person created by law for doing a business. In the words of prof. L.H. Haney “A company is…
Chapte:- 2 Issue of Shares for Cash 1. Give the meaning of calls in arrears and calls in advance. Ans:-The amount called by the company but not paid by the…
Chapter:- 3 Forfeiture and Re-issue of Share 1. Write the meaning of forfeiture? Ans:-Forfeiture of shares means the cancellation of membership of the shareholders who failed to pay allotment and…
Chapter: 5 Accounting for Debenture 1. What do you understand by debenture? Ans:-Debenture is a written promise for a debt by a company under its seal which contains the terms…
Chapter:- 10 Cost Accounting 1. What is cost accounting? Ans:-Cost Accounting is the process of identifying the costs involved in producing goods and services, keeping a records of costs, finding…
Chapter:- 11 Accounting for Materials and Control 1.What is material? Ans:-Materials are the major element of cost of production which provide physical existence to the final product. It covers major…
Chapter:- 11 Accounting for Materials and Control 1. What is material? Ans:-Materials are the major element of cost of production which provide physical existence to the final product. It covers…
Chapter:- 13 Accounting for Labour 1. What is Labour cost? Ans:-Labour cost is the total expenses paid to workers for their physical and mental contribution in the manufacturing activities. 2.…
Chapter:- 17 Computer System in Accounting 1. Write the meaning of computer. Ans:-A computer is a multipurpose, electronic, programmable device that accepts input from the user, stores it and processes…
Chapter:-19 Usage of Software in Account 1. Write about computer software. Ans:-Software is…