"Exploring the Journey of Suresh Babu MG: Inspiring Success at GFGC Gauribidanur"

  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

                          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