Give three examples of Capital Expenditure.

3

(a)

Give examples of Revenue Expenditure.

3

(a)

What do you mean by Deferred Revenue Expenditure?

3

(a)

What do you mean by 'Final Accounts'?

3

(a)

State the equation of Cost of Goods Sold.

3

(a)

What do you understand by closing stock inventory? Illustrate the principle involved in its valuation.?

3

(a)

List Office and Administrative Expenses.

3

(a)

What is meant by Tangible and Intangible Assets?

3

(a)

What is meant by Fictitious Asset?

3

(a)

Is goodwill a fictitious assets?

3

(a)

What do you mean by Investments? Give examples.

3

(a)

What are the items to be shown on the liabilities side of the Balance Sheet?

3

(a)

What is the meaning of grouping of Assets and liabilities?

3

(a)

Distinguish between Income Statement and Balance Sheet.

3

(a)

The Trial Balance of a retail trader on 31st March, 2017, includes the following selected accounts:

Particulars	Debit Balance Rs	Credit Balance Rs
Opening stock	24,800	-
Sales	-	1,82,800`
Sales Returns	4,800	-
Purchases	76,200	-
Purchases Returns	-	2,700
Freight Inwards	3,500	-

The closing stock on 31st March, 2017, is valued at Rs.30,500.You are required to complete the missing values.

Dr      Trading and Profit & Loss Account for the period ended 31st March, 2017       Cr

Particulars		Amount Rs	Particulars		Amount Rs
To ....			By Sale	1,82,800
To Purchase	76,200		Less: Return inward	-	-
Less : Return outward	-	-	By ...		-
To Freight Inwards		3,500
To Gross Profit		-
		-			-

3

(a)