Basic Accounting

Jun 21st, 2015
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1.Definition of accounting: “The art of recording, classifying and summarizing in a significant manner and in terms of money, transactions and events which are, in part at least of a financial character and interpreting the results there of”. 2.Book keeping: It is mainly concerned with recording of financial data relating to the business operations in a significant

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FINANCELIST OF ATTEMPTED QUESTIONS AND ANSWERSMultiple Choice Single AnswerQuestion Which Act defines the term Stock Exchange?Correct Answer Securities Contract Regulation ActYour Answer Securities Contract Regulation ActMultiple Choice Multiple AnswerQuestion What are the preconditions for trading on the net?Correct Answer A net connection , A registered account with a broker and a demat account , Bankpayment gateway or online banking facilityYour Answer A registered account with a broker and a demat account , Bank payment gateway or onlinebanking facility , A net connectionMultiple Choice Single AnswerQuestion What do you understand by capital markets ?Correct Answer Market for long term funds and investments in long term instrumentsYour Answer Market for long term funds and investments in long term instrumentsTrue/FalseQuestion Sweat equity shares are shares issued by company to employees or directors to discount.Correct Answer TrueYour Answer TrueTrue/FalseQuestion Money market mutual funds are not permitted to invest in treasury bills and commercial paper.Correct Answer FalseYour Answer FalseMultiple Choice Single AnswerQuestion Under various SEBI regulations how many brokers suspended?Correct Answer 8Your Answer 8Multiple Choice Multiple AnswerQuestion Describe the regulatory aspects of mutual funds :-Correct Answer The Asset management company shall not launch any scheme till approval of trusteesand offer document has been filed with

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