BACHELOR'S DEGREE PROGRAMME Term-End Examination June, 2010 ELECTIVE COURSE: COMMERCE ECO-2: ACCOUNTANCY-I Time: 2 hours Maximum Marks: 50 Note: Attempt any four questions, including question no.1 which is compulsory. Answer any two questions from the following: 7+7 What do you understand by Dual Aspect Concept? Explain its accounting implications. What do you understand by an opening entry? How is an opening entry posted into the ledger? State various causes of disagreement between the balances are shown by the cash book and the pass-book. What is Journal proper? What kind of entries are used usually recorded in the Journal proper ? (a) Differentiate between a Bill of Exchange and a Promissory Note. 4 Explain the separate set of books method for maintaining joint venture accounts. 8 Rectify the following errors through Journal assuming that a Suspens...
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