Accounting & Financial Management for Bankers 2024

This post includes Accounting & Financial Management for Bankers (AFM) Study Material and study notes 2024 and if you want 100 most expected questions and 3000+ previous year JAIIB questions and study material and video tutorials for JAIIB exams 2024, visit our website jaiib.learningsessions.in.

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Below we have provided some of the most important questions that the JAIIB candidates can expect from the their exams.

• Sanctioned limit: Rs 3.0 lakhs. Stocks: Rs 6.0 lakhs, creditors: Rs 2.0 lakhs, Mortgage of property: Rs 50 lakhs. Margin: 30%. Calculate DP.

a. 3 lakhs
b. 5 lakhs
c. 2 lakhs
d. 4.2 lakhs

• Which of the following accounts will have a balance on the credit side?

a. Carriage Outwards account
b. Motor vehicles account
c. Return Outwards account
d. Carriage Inwards account

• Bank reconciliation is a statement prepared to reconcile _________.

a. Trial balance
b. Cash book
c. Bank A/c
d. Cash as per cash book with bank balance as per bank passbook

Get Previous Year AFB Questions JAIIB

• Which of the following is not an Asset?

a) Stock of stationery
b) Goodwill
c) Profit and Loss Account (Credit Balance).
d) Accounts Receivable

• From the following which is the method for the preparation of Trial Balance ……

a. Balance Method
b. Total Method
c. Total-cum-Balance Method
d. All of the above

JAIIB SYLLABUS PRIORITY for preparation of JAIIB Exams 2024

• Payment received from Debtor

a) Decreases the Total Assets
b) Increases the Total Assets
c) Results in no change in the Total Assets.
d) Increases the Total Liabilities

• Omission of paise and showing the round figures in financial statements is based on ____________.

a) Conservatism Concept
b) Consistency Concept
c) Materiality Concept.
d) Realization Concept

• Which of the following statements is/are true?

(i) Drawings Account is a Nominal Account
(ii) Capital Account is a Real Account
(iii) Sales Account is a Nominal Account
(iv) Outstanding salaries account is a Nominal Account
(v) Patents Account is a Personal Account

(a) Only (i) above
(b) Only (iii) above.
(c) Both (ii) and (iii) above
(d) Both (ii) ,(iv) and (v)above

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• Revenue receipts are shown in _________

a. Balance Sheet
b. Profit and Loss appropriation A/c
c. Manufacturing A/c
d. Trading and Profit and Loss A/c

• Which of the following statements is/are true?

(i) Cash Book records all cash receipts and cash payments
(ii) Cash Book records all sale and purchase transactions of goods both in cash and on credit
(iii) Cash Book records discount on Cash Payments

a) Only (i) above
b) Only (ii) above
c) Only (iii) above
d) Both (i) and (iii) above.

• Which of the following is an example of Personal Account?

a) Machinery
b) Rent
c) Cash
d) Creditor.

• Travelling expenses of directors for a trip abroad to purchase new Machinery.

1. Capital expenditure
2. Deferred revenue expenditure
3. Revenue expenditure
4. Current expenditure

• Summary of XYZ co, current liabilities (in crores) cash credit 3300, Trade creditors 9500, other current liabilities 2000, Total current liabilities 14700. Current assets (in crores) cash 5000 Inventory 14000 Debtors 4200 other current assets 2000. Total current assets 25200. Find out current ratio?

a. 1.61
b. 1.71
c. 1.81
d. 1.91

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