Sample Questions To Attend Viva-Voce Of Accounting Practical Examinations – 2017

Sample Questions To Attend Viva-Voce Of Accounting Practical Examinations – 2017

1.     What is the aim behind the preparation of a project on Accounting?

2.     List out the objectives of your project work.

3.     Summaries the planning about the completion of project work.

4.     How did you collected data for the completion of project?

5.     What are the contents of comprehensive Project?

6.     Summaries your experience on each step undertaken for the completion of project work.

7.     Why preparing projects at senior secondary level is necessary one?

8.     Is there any difference in learning Accountancy from books and through projects?

9.     Did you copy any contents for your project from previous year’s project work or from any websites?

10.  How did your teacher guided you for the project work?

Comprehensive Problem [ Preparation of Financial Statements]

11.  What is Accounting Equation?

12.  What is personal Account rule?

13.  What is nominal account rule?

14.  What is real account rule?

15.  What is journal?

16.  What is Ledger?

17.  Why journal is known as book of original entry?

18.  Why ledger is known as book of final entry?

19.  What is Capital?

20.  What are liabilities? Give some examples.

21.  What are assets? Give examples with classification.

22.  What is Journalising?

23.  What is L.F & J.F.?

24.  What is double entry system of book keeping?

25.  What is the role of Trial Balance?

26.  What are the different financial statements?

27.  What are the uses of preparing financial statements?

28.  What is Trading Account?

29.  Why we are preparing P&L account?

30.  Differentiate Gross profit & Net profit.

31.  What are the uses of preparing Balance Sheets?

32.  What are the uses of keeping provisions?

33.  Give examples for liquid assets.

34.  What is the uses of Working Capital?

35.  Give examples for prepaid and Outstanding Expenses.

Specific Problem – 1 [ Ratio Analysis]

36.  What are the different tools of Financial Analysis?

37.  What is an Accounting Ratio?

38.  List out the objectives of Ratio Analysis.

39.  What is SWOT analysis?

40.  List the advantages of Ratio Analysis?

41.  What are the different types of ratios?

42.  List out the use of calculating Liquid Ratios.

43.  How will you calculate current and liquid ratio?

44.  What is Acid test ratio?

45.  Why we are calculating Solvency Ratios?

46.  List out the different solvency ratios and its way of calculation.

47.  What is activity or turnover ratio?

48.  List out the different Activity ratios and its way of calculation.

49.  What is Profitability Ratio?

50.  List out the different Profitability ratios and its way of calculation.

51. What is the conclusion on Ratio Analysis?

Specific Problem – 2 [Cash Flow Analysis]

52.  What is Cash Flow Statement?

53.  List out the objectives of preparing Cash Flow Statements.

54.  Are there any benefits of preparing cash flow statements?

55.  Differentiate Cash & Cash Equivalents.

56.  List out the items coming under cash flow from operating activities.

57.  List out the items coming under cash flow from Investing activities.

58.  List out the items coming under cash flow from Financing activities.

59.  How will you treat some extra ordinary items while preparing Cash Flow Statements?

60.  Describe the procedure of preparing Cash Flow Statements.

61.  What is the Conclusion of Cash Flow Analysis?