ACC501 SOLVED MCQs FINAL TERM: Everything You Need to Know. Are you a student of Accounting and Finance, and preparing for your final term exam in ACC501? Do you want to ace the exam and score the highest marks? Then you have come to the right place. In this article, we will provide you with everything you need to know about ACC501 Solved MCQs Final Term, including the course outline, exam format, and tips to prepare for the exam. So, let’s get started.

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Course Outline

Before we delve into the details of the final term exam, let’s first have a quick look at the course outline of ACC501 or ACC501 SOLVED MCQs FINAL TERM.

H₁: Introduction to Accounting and Finance

In this section, you will learn the basic concepts and principles of accounting and finance, including financial statements, accounting equation, double-entry accounting system, and accounting cycle.

H₂: Financial Statements

This section covers the preparation and interpretation of financial statements, including income statement, balance sheet, and statement of cash flows.


H₂: Accounting for Assets

In this section, you will learn how to account for different types of assets, including cash, accounts receivable, inventory, property, plant, and equipment.

H₂: Accounting for Liabilities and Equity

This section covers the accounting for different types of liabilities, including accounts payable, notes payable, and bonds payable, as well as the equity section of the balance sheet.

H₂: Financial Analysis and Ratios

In this section, you will learn how to analyse financial statements using different ratios, including liquidity ratios, profitability ratios, and solvency ratios.

Exam Format

Now that you are familiar with the course outline of ACC501, let’s move on to the exam format.

H₁: MCQs

The final term exam of ACC501 consists of 50 multiple-choice questions (MCQs), each carrying two marks. The total marks of the exam are 100, and you will have 90 minutes to complete the exam.

H₁: Short Questions

Apart from MCQs, there will be 5 short questions, each carrying 3 marks. The total marks of the short questions are 15.

H₁: Long Questions

The final term exam also includes 3 long questions, each carrying 10 marks. The total marks of the long questions are 30.

Tips to Prepare for the Exam

Now that you know the course outline and exam format of ACC501, let’s move on to the tips to prepare for the exam.

H₂: Study the Course Material Thoroughly

The first and foremost tip is to study the course material thoroughly. Make sure you have a clear understanding of all the concepts and principles covered in the course.

H₂: Practice MCQs

Practice makes perfect. Make sure you practice as many MCQs as possible from past papers and sample papers. This will help you get familiar with the exam format and the types of questions asked in the exam.

H₂: Solve Short and Long Questions

Apart from MCQs, make sure you also solve short and long questions from past papers and sample papers. This will help you understand how to apply the concepts and principles in real-life scenarios.

H₂: Revise Regularly

Revision is key to success. Make sure you revise the course material regularly to keep the concepts and principles fresh in your mind of ACC501 SOLVED MCQS FINAL TERM.

H₂: Manage Your Time Effectively

Time management is crucial in the final term exam. Make sure you allocate your time wisely, and don’t spend too much time on a single question.


In conclusion, ACC501 Solved MCQs Final Term is not an easy exam, but with proper preparation of ACC501 SOLVED MCQS FINAL TERM and practice.


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