Pune's top BCom accounting and finance schools include Fergusson, Modern College, BMCC, Symbiosis, and Ness Wadia.

Hello aspirant,

Business Finance and Accounting B.Com DAV College offers a full-time, three-year Hons course.

Admission to this college for the Bachelor of Commerce (Hons) degree is solely determined by merit.

For more information you can visit our website by clicking on the link given below.

https://dqxeclau.top/colleges/dav-college-chandigarh/bcom-business-finance-and-accounting-hons-course

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Hope this information helps you.

Hello,

Unfortunately, this totally depends on the number of questions you attempted and had done correctly. There is no marks for attempting a question. However, if you calculated an answer and you balance sheet did not match and your net profit also was wrong, you will still get step marks and also marks on the correct entries in the balance sheet.

Hope this helps,

Thank you

Correct Answer: All  of the above 

Solution : Answer = All  of the above 

1. Interest on debentures is a Charge against profit and is payable whether the company earns a profit or incurs a loss.  Interest on debentures is calculated at a fixed rate of interest. 
2. Interest is not payable on debentures issued as collateral security.
Debentures' Interest Account is transferred to the Statement of Profit and Loss Account.
3. If the amount of interest accrued and due is not paid, it is known as Interest Accrued and Due. If the date of payment of interest and accounting date is different, the Interest Accrued and Not Due Account is credited at the end of the year to maintain accounting records on an accrual basis.
Hence, the correct option is 4.

Correct Answer: Computer, associated peripherals, and their network

Solution : Under computerized accounting, hardware means the computer, associated peripherals, and their network. Hence, the correct option is 3.

Correct Answer: Distributed among partners in their old profit-sharing ratio

Solution : Answer = Distributed among partners in their old profit-sharing ratio.

In this situation amount of workmen's compensation reserve is transferred to the partner's capital account in their old profit-sharing ratio being in the nature of free reserve.
Hence, the correct option is 3.

Correct Answer: Both Assertion A and reason R are correct but the reason R is the correct explanation of Assertion A

Solution : Answer = Both Assertion A and reason R are correct but reason R is the correct explanation of Assertion A

For inter-firm comparison, it is necessary that accounting practices followed by the firms do not vary significantly. As there may be variations in accounting practices followed by different firms, a meaningful comparison of their financial statements is not possible. Analysis of financial statements is based on the information given in the financial statements. Hence, this analysis suffers from various limitations from which the financial statements.
Hence, the correct option is 2.

Correct Answer: All of the above

Solution : Following are the applications of computerised accounting systems:
1. To maintain Accounting Record of large organisations is Possible,
2. Separate Payroll Accounting is Possible,
3. Automation of All Financial Accounts,
4. Graphic Presentation of Accounting Results,
5. Updates are fast, and
6. Best Inventory Control.
Hence, the correct option is 4.

Correct Answer: Madhya Pradesh

Solution : The correct option is Madhya Pradesh.

During the 2019–20 period, Madhya Pradesh emerged as the foremost producer of manganese ore, contributing significantly to the total production with a share of 33%. Following closely, Maharashtra accounted for 25% of the production, while Odisha secured the third position with a share of 19%.