please solve all

man Accounting Marks : 70 Time : 2H. Section A- All Questions Are Compulsory. Each Carries 1 Mark. Q1. What is agency theory? Q2. What is control? Q3. What is unsecured loan? Q4. Explain the term principal (sum): Q5. What is deferred taxation? Q6. The following is a statement showing the financial status of the company at any given time 1). Trading a/c 2). P&I a/c 3). Balance sheet 4). All of these Q7. The following is also known as external internal equity ratio 1). Current ratio 2). Acid test ratio 3). Liquidity ratio 4). Debt equity ratio Q8. Pre-paid expenses: 1). Current liabilities 2). Fixed liabilities 3). Both (a) & (b) 4). None of these 09. Suspense account is prepared, when: 1). Trial balance mis matches 2). Balance sheet mismatches 3). Both (a) & (b) 4). None of these Q10. If a transaction is not recorded in the books of account, it is known as: 1). Error of omission 2). Error of commission 3). Compensating error 4). None of these Section B- Attempt Any 5 Questions. Each Carries 6 Marks