Question: I Q1. Write short notes on: a) Going concern concept Dual aspect concept c) Business entity concept d) Convention of materiality Q2. Describe the different
I Q1. Write short notes on: a) Going concern concept Dual aspect concept c) Business entity concept d) Convention of materiality Q2. Describe the different type of errors in the trial balance with suitable examples. (iii) (iv) (v) b) ASSIGNMENT II Q1. What will be the Journal entry in the following cases: (i) Loss of goods by theft Loss of cash from the cash box Sale and purchase of investments Goods taken by the proprietor for his private use. Amount paid/received on behalf of others by the business entity Satinder, a marketer appointed at a salary of 3000 p.m. (vi) Q2. Prepare final accounts with the help of imaginary data
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