BCom In Accounting & Finance (BCAF) SEM III 2012 2014 2014 FINANCIAL ACCOUNTANCY Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q2 Figures to right indicate full
2. Q1 A) Match the following Bank Loan obtained by hy Bank | by hypothecation of machinery _ Amalgamation Realisation expenses paid on amalgamation by partner on Asset side of balance sheet manages the firm _ Stock items ordered from supplier
   • B) State whether True Or False 7) The profit and loss A/C of any year includes all the expenses paid during the year
3. Q2 Im excess capital method, proportional capital of a partner is equal to his capital divided by his share
4. Q3 Assets must be equal to total liabilities
5. Q5 of firms, fictions assets are transferred to realization A/(
6. Q6 Piecemeal distribution means division of physical assets among the partners
7. Q7 After amalgamation of firm, assets and liabilities of old firm get transferred at their realizable
8. Q8 Amalgamation is a merger
9. Q9 A purchase consideration is the amount payable by new firm to old firm
10. Q10 Outstanding expenses are added to expenses following is the trial balance of firm as on December 2013 (15) canned by CamScanner

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