Different types of accounting question which answers are provided to this Website

Q1. What is AIS/Definition of Accounting, Accounting Information Systems and Book Keeping?

Q2. Functional definition of accounting (Nov-2011).

Q3. Operational definition of accounting (Nov-2011).

Q4. Distinguish between relevance & reliability (Nov-2011).

Q5. Why external users use accounting information (Nov-2011)?

Q6. Definition of Expense, Loss, Revenue, Gain, Profit, Effect of Revenue and Expenses on Capital (Nov-2011).

Q7. Explain the monetary unit assumption and economic entity assumption (Nov-2011).

Q8. Discuss various business activities and the accounting equation.

Q9. Definition of CAMELS ratings, Sunk Cost, Comparability and Consistency, Limitation of CVP Analysis, Break-even point, The Basel Accords, assumptions of CVP analysis.

Q10. Tools and Techniques of Financial Statement Analysis:

Q11. Discuss the objectives & function of financial accounting.

Q12. What are the objectives of financial reporting (Nov-10)?

Q13. Qualitative characteristics of Accounting Information.

Q14. Describe the Steps in the Accounting Process.

Q15. Define the terms assets, liability, Equity, owner’s equity, Income & Expenses.

Q16. Necessity of revenue recognition principle & Expense recognition principle/Matching principle.

Q17. Constraints of accounting principle

Q18. What are the four types of Financial Statements/Components?

Q19. What are the elements of financial statements?

Q20. Show the Classification of Account.

Q21. What is adjusting entry? Why necessary/reason it?

Q22. Differentiate among Depreciation, Depletion & Amortization.

Q23. What is trial balance? Discuss Limitation of trial balance.

Q24. What are various steps of Accounting Cycle are described below:

Q25. What is reversing entries? Prepare reversing entries and explain their purpose.

Q26. What is Forensic Accounting?