BCom In Accounting & Finance (BCAF) SEM I 2014 2015 2015 BAF(ATKT) I SEM F.A. 15 Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q10 Prepaid insurance is
2. Q1 Veducted from insurance b. Shown on asset side b
3. Q13 State whether the following statements are True or False (Any 8) (%) , There is no need to establish according standards As-9: Revenue recognition is mandatory and applicable to all enterprises
4. Q4 Inventory valuation affects the income statement 5, Prepaid expenses are revenue expenses
5. Q6 Kent paid is capital expenditure 7, & salary expenses comes under profit & loss A/c
6. Q10 Purchase of land is capital expenditure,
   • A) The following particular have been attracted in respect of material X. Prepare a store ledger showing the receipts and issues. pricing the material issued on the basis of 15

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