☛ 1. What are the different branches of accounting?

☛ 2. What is the difference between cost accounting, financial accounting and managerial accounting?

☛ 3. What is the difference between book keeping and accounting?

☛ 4. What are the important terms which are used in accounting?

☛ 5. What is personal account, real account and nominal account?

☛ 6. Explain dual aspect concept in accounting?

☛ 7. What is the difference between mercantile system and accrual system of accounting?

☛ 8. What are bills receivable and bills payable?

☛ 9. What are the accounting concepts? Explain each of them.

☛ 10. What are the accounting principles?

☛ 11. What is owner’s equity? How will you calculate it?

☛ 12. What are the rules of Debit and Credit?

☛ 13. What do you understand by the term assets and liabilities?

☛ 14. What is double entry book keeping?

☛ 15. What is bank reconciliation statement? What are the steps to calculate it?

☛ 16. What is overhead in accounting terms?

☛ 17. What is the difference between cash flow and fund flow statements?

☛ 18. What is debit note and credit note? What is the difference between them?

☛ 19. What are the golden rules of accounting?

☛ 20. What is an adjusting journal entry?

☛ 21. What is deferred account?

☛ 22. Explain Accounting 101?

☛ 23. What are accounting entities?

☛ 24. What is the Provision? What is the Entry for Provision?

☛ 25. What is the Importance of accounting standards?

☛ 26. What are the functions of accounting?

☛ 27. What is Contingent Liabilities?

☛ 28. Why Accounting is important in business?

☛ 29. What are the four classifications of Bad and Doubtful Debts as per the context of the Bank?

☛ 30. What is an operative accounts?

☛ 31. What is the difference between Accounts and Finance?

☛ 32. What is FBT (Fringe Benefit Tax)?

☛ 33. What is the relationship between bookkeeping and accounting?

☛ 34. Why does the accounting equation have to balance?

☛ 35. What is the difference between accounting and bookkeeping?

☛ 36. What is accounting period?

☛ 37. What is an accounting loss?

☛ 38. What is an EA in accounting?

☛ 39. What is the software applications used for accounts receivable?

☛ 40. What is inventory management?

☛ 41. What do you mean by Working Capital?

☛ 42. Define "book value" as applied to accounting?

☛ 43. What are the basic assumptions in accounting?

☛ 44. What is accounting normalization?

☛ 45. What are the various items fall under balance sheet?

☛ 46. What is the difference between cash basis and accrual basis balance sheet?

☛ 47. How do you pass a journal entry for purchase order in books of account?

☛ 48. What do you understand by Contingent liability?

☛ 49. How to prepare funds flow statement?

☛ 50. What is gross profit margin?

☛ 51. What is accounting report?

☛ 52. What are the different kinds of MIS reports?

☛ 53. What is meant by appropriation?

☛ 54. What do you understand by inter company settlement?

☛ 55. What is the meaning of TDS? How it is charged?