MS-4 - june-2007
MS-4 : ACCOUNTING AND FINANCE FOR MANAGERS
1. (a) Explain the Continuity concept and the Periodicity concept and discuss their significance.
(b) Explain the nature of accounting function and describe the role played by the Accountant in a business organisation.
2. The following items appear on the Trial Balance prepared from the books of Mr. Kamal Saxena as on 31st March 2006 after making necessary adjustments for depreciation on fixed assets, outstanding and accrued items and placing the difference under Suspense Account.