Highlights
Question
1. Explain any two of the following accounting concepts with illustration:
Business entity concept
Dual aspect concept
Matching concept
2. Write a detailed note on different types of subsidiary books and their importance in recording accounting transactions. Also demonstrate specimen of any 2 types of subsidiary books.
3. The liquidity of a business firm is measured by its ability to satisfy its obligations as they become due. Explain in detail the ratios used for this purpose.
4. Discuss the main features of marginal costing. Also, give a brief of contribution as a technique of marginal costing.
5. Elaborate the concept of variance analysis? Briefly describe the concepts of material variance and labour variance considering their different types.
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