Specialised Accounting B.com Part 2 Imp Questions 2024

Today you will get the specialised accounting b.com part 2 important questions for the 2024 session.

These questions are the best collection of accounting. 

You can make your practice perfect to write the answer. 

These are the guess questions for the Specialised Accounting question paper. 

This subject is good for making your career. So, study the subject with energy. 

The main function of specialized accounting is to build a good relationship with agencies. 

Who is sponsoring? This is the best safeguard to maintain the relationship with agencies. 

This also helps to make a progressive way for the projects. 

The main thing is that specialized accounting safe the project funds as well as research assets. 

So, you need to clear your concept, if you study specialized accounting.

You will get a very challenging job after completion of the accounting course. 

So, focus on solving these questions with the help of your university-recommended textbook. 

Before starting to write the answer to these b.com part 2 accounting important questions, study the related chapters. 

Then start to write the answer in your own words. 

This process will be very helpful to you to memorize the answer easily.

Let's start to write the answer.

Specialised Accounting Question Paper

B.com 2nd Year Accounts Question Paper

  • What do you mean by receipt and payment account? Explain its features.
  • Explain absorption. How does it differ from amalgamation?
  • Describe the method of finding out profit prior to and after incorporation.
  • What are the provisions of internal reconstruction under the Indian Company Act? Describe.
  • What are the sources of the issue of bonus shares? Show the accounting entries regarding bonus shares.
  • Define Amalgamation. Discuss its object.
  • What journal entries are made in the books of the transferor company at the time of amalgamation of the company?
  • What is the Liquidator's Final Statement of Account? How is it prepared? Explain.
  • What is a Holding company? How consolidated balance sheet is prepared?
  • Give a specimen of the bank's balance sheet on the basis of imaginary figures.
  • What does reconstruction Imply? Distinguish between internal reconstruction and external reconstruction.
  • Describe briefly the various methods of winding up a company. 
  • Describe the methods of finding out profit prior to and after incorporation. 
  • What do you mean by Shares? How many types of shares are issued by a company?
  • Write short notes on the following:- (a) Minority Interest (b) Subsidiary Company (c) Unsecured Creditors (d) Unrealised Profits.
  • What is a statement of Affairs? How is it different from the Balance Sheet?
  • What do you mean by Income and Expenditure Account? How will you convert the receipt and payment account into an Income and Expenditure Account?
  • Why is necessary to find out profit or loss prior to and after incorporation? Discuss. 
  • What are the differences between the statement of Affairs and the Balance Sheet?
  • Define absorption of the company. Point out their main objects.
  • Write short notes on the following:- (a) Capital Gains (b) Capital Losses (c) Normal Profit (d) Abnormal Profit (e) Current Deposit (f) Saving Deposit (g) Fixed Deposit
  • What is the method of Depreciation?
  • Write short notes on the following:- (a) Fixed Instalment Method (b) Diminishing Balance Method (c) Assets Evaluation Method (d) Annuity Method 
  • What is a Reserve?
  • What are the salient features of the Double Account System? How does it differ from a Double Entry System?
  • Give the specimen of the Bank's profit and Loss account. 
  • Give a specimen of the company's Balance Sheet according to the Companies Act, 2013
  • Explain the 'Reserve and Provisions'.

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