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Dr Marappa Dept of History


Prof. Jagadish Dept of Political Science
























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Placement Incubation

Prepare the accounting Equations for the following transactions 31.08.2023

  1.Prepare Accounting Equation for the following transactions: Date: April 1, 2022 Mr. A introduced INR 5,00,000as capital into the business.  Date: April 5, 2022 Purchased inventory for cash: INR 20,000. ```  Date: April 10, 2022 Made sales for cash: INR 15,000. ```  Date: April 12, 2022 Purchased inventory on credit: INR 12,000. ```  Date: April 15, 2022 Made sales on credit: INR 18,000.  Date: April 18, 2022 Returned some defective inventory for cash: INR 2,000.  Date: April 20, 2022 Accepted returned goods from a customer: INR 3,500.  Date: April 25, 2022 Paid wages to employees: INR 8,000.  Date: April 28, 2022 Paid salaries to employees: INR 15,000.  Date: April 30, 2022 Charged depreciation on machinery for the month: INR 1,500. 2.Prepare Accounting Equation for the following transactions: Date: April 1, 2022 Mr. A introduced INR 4,50,000 as capital into the business.  Date: April 5, 2022 Purchased inventory for cash: INR 1,20,000. ```  Date: April 10, 2022 Made sales for cash
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AFA test question Paper to be held on 23rd July 2023 at 9 am.

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                          Question Paper Pattern for the AFA test. Total for 20 marks                                                  Section A     2*2=4                                    Answer any two question out of 4 questions.                   Questions are asked from Consignment accounts and Royalty accounts.                                                              Section B     2*8=16                                      Answer any two questions out of 3 questions.         Questions are asked from Consignment accounts and Royalty accounts and Conversion of Firm                                                                    into a Ltd Company.   What is co nsiQgnment accounting? What is the difference between consignor and consignee? What are What is consignment accounting? What is the difference between consignor and consignee?  What are the features of consignment accounting?  What are the accounting entries made in consignment accounting?  What is account sale in
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AFA Test question Paper on 23rd July 2023 at 9 am.

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  Note: Good Morning all dear students. Copy only questions in the Blue Book. Write details on your blue book. Before answering in your blue book at 9 am getting my signature is mandatory, otherwise your answer booklet will not be valued. Malpractice is completely prohibited.  Suresh Babu MG        GOVERNMENT FIRST GRADE COLLEGE                                                GAURIBIDANUR 561208                                SUB: ADVANCED FINANCIAL ACCOUNTING                                                                                                                    DATE: 23.07.2023                                                                                                                      TIME: 9AM TO 10.50 AM                                                                                                                                                  Total Marks 20                     Section A     2*2=4                                    1.  Answer any TWO out of FOU
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