II – Short Answer Type Questions (Answer All Nine Questions)

II –Short Answer Type Questions (Answer All Nine Questions)

13)     Give two merits of single entry systems.

14)     What is deferred revenue expenditure?

15)     What are intangible Assets?

16)     Name the account prepared by a non-profit organisation.

17)     what are returns inward?

18)     What is down payment?

19)     Define working paper?

20)     What you mean by inter departmental transfer

21)     What is independent branch?                                                                       

  (9 × 1 = 9 Weightage)