Gauhati University Financial Accounting Question Paper 2022
In this article, I have provided you Gauhati University Financial Accounting Question Paper 2022. Here you will get Notes, Gauhati University previous year question papers, Study Metrial, Gauhati Universitry Syllabus, GU Sample Papers, B.com Past Year Question Papers, Gauhati Gniversity Last Year Question Papers etc.
Gauhati University Financial Accounting Syllabus
Objectives: The objective of this paper is to help students to acquire conceptual knowledge of the Financial Accounting and to impart skills for recording various kinds of business transactions.
CONTENTS
Unit 1: Theoretical Framework
i. Accounting as an information system, the users of financial accounting information and their needs. Qualitative characteristics of accounting, information. Functions, advantages and limitation of accounting. Branches of accounting. Bases of accounting: cash basis and accrual basis.ii. The nature of financial accounting principles: entity, money measurement, going concern, cost, realization, accruals, periodicity, consistency, prudence (conservatism), materiality and full disclosures.
iii. Accounting Standards: Concept, needs and objective; procedure for issuing Accounting Standards in India. Salient features of First-Time Adoption of Indian Accounting Standard (IND-AS) 101. Salient features of Indian Accounting Standards Ind AS 1, 2, 16 and AS 9. International Financial Reporting Standards (IFRS): - Need and procedures of Issue.
Unit 2: Computerised Accounting System
Computerised Accounting Systems: Meaning, components, and advantages, Difference between manual and computerised accounting, Various types of accounting packages/software and their advantages and disadvantages; Tally 9 and its features, working on TALLY. Simple Practical Problems (Lab work) (Lab work -10 and Theory-6)Unit 3: Measurement of Business Income
i. Measurement of business income-Net income, Application of accounting period, continuity doctrine and matching concept in the measurement of net income. Objectives of measurement.ii. Capital and revenue expenditures and receipts.
iii. Revenue recognition: Recognition of income and expenses as per AS 9.
iv. Inventory Valuation: Meaning and Significance.
Unit 4: Final Accounts
Preparation of financial statements of non-corporate business entities: Sole proprietorship and Partnership firms.Unit 5: Hire-Purchase, Instalment Systems and Branches
i. Accounting for Hire-Purchase and Instalment Systems: Meaning, features, advantages and disadvantages of Hire Purchase and Instalment Systems, Rights of Hire Purchaser and Hire Vendor, Journal entries and preparation of ledger accounts excluding default and repossession.ii. Accounting for Branches: Meaning, Needs and Objectives of Branch Accounting. Systems of dependent Branch Accounting and their Accounting Treatments (Only debtors’ system, stock and debtors’ system).
Conclusion
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FAQ
Q.1. Where can I get the previous year questions for the B. Com of Gauhati University?Solution:
Go this link it is really helpful. Many students download all the question paper in this website: -
www.mindmapseducation.online
Q.2. When was Gauhati University started?
Solution:
26 January, 1948
Q.3. How can I download Gauhati University Financial Accounting Question Paper in PDF?
Solution:
Go this link www.mindmapseducation.online
Q.4. Will CBCS question papers help FYUGP exam?
Solution:
Yes, These CBCS previous year question papers will also help the students of the new Four-Year Undergraduate Programme (FYUGP) in their exams.