Question: -Total Marks 20
1. Explain the different ways in which you have used financial data in your real life or professional life to make a decision, possibly with the help of an example. (5 Marks, Min. 200 Words)
2. As an individual, do you think that accounting standards and principles are necessary? Justify the same. (5 Marks, Min. 200 Words )
3. Balance Sheet of ABC Ltd. as of 31st March 2020. ( 10 Marks, Min. 500 Words)
- What makes a good balance sheet? Explain any 5 balance sheet items and analyze the firm’s financial position.
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