WELCOMES YOU ALL

  Finance club

School of Management StudiesBaddi University of Emerging

Sciences and Technology 

WHAT IS FINANCE? Finance is the study of how and under

what terms savings (money) are allocated between lenders and borrowers.

Finance is the study of how & under what terms money are allocated between lender & borrower.OrMoney required for carrying out business

NEED OF FINANCE Starting up. Every day operations Take over bid. Replace machinery Growth. Working Capital Management Expansion

FINANCE QUIZ

ADVANCE RECEIVE FROM DEBTOR IS NOT TAKEN AS SALES DUE TO

A. Conservation conceptB. Accrual conceptC. Money measurement conceptD. Going concern concept

B. ACCRUAL CONCEPT

CAPITAL RESERVE IS CREDITED OUT OF

A. Balance in P&LB. Reserve profitC. ProvisionD. Capital profits

D. CAPITAL PROFITS

WHICH ACCOUNTING STANDARD IS RELATING TO AMALGAMATION?

A. AS 23B. AS1C. AS21D. AS14

D.AS 14

WHICH ASSETS IS COMPULSORY AT THE TIME OF ADMISSION OF PARTNER

A. StockB. Furniture and fittingC. GoodwillD. Land and building

C. Goodwill

GOODS PURCHASE FROM MR. A FOR RS. 2000 PASSED THROUGH SALES BOOK THE RECTIFICATION OF ERROR WILL RESULT IN

A. Decrease in GPB. Increase in GPC. Increase in debtors D. No effect on GP

D. NO EFFECT ON GP

INCOME TAX ACT COMES INA. 1997B. 1956C. 1976D. 1961

D. 1961

ROUND 2

Full form of VED...?

VITAL ESSENTIAL DESIRABLE

EOQ stands for .....?

ECONOMIC ORDER QUANTITY

ICAI stands for...?

INSTITUTE OF CHARTED ACCOUNTANT OF INDIA

What is proposed rate of GST

18%

MMR stands for

MAXIMUM MARGINAL RATE

DRR stands for...?

DEBENTURE REDEMPTION RESERVE

GAAP STANDS FOR..?

GENERALLY ACCEPTED ACCOUNTING PRINCIPLES

ICWAI stands for..?

INSTITUTE OF COST AND WORK ACCOUNTANT OF INDIA

THANK YOU