JKSSB Finance/Accounts Assistant flashcards

32 cards. Read the term and the definition here. The deck at the top of this page is optional.

Jammu and Kashmir Reorganisation Act

The 2019 law that converted the state of Jammu and Kashmir into a Union Territory and created the separate Union Territory of Ladakh, effective 31 October 2019.

Instrument of Accession

The document signed by Maharaja Hari Singh on 26 October 1947 under which Jammu and Kashmir acceded to India, covering defence, foreign affairs and communications.

Wular Lake

A large freshwater lake in Bandipora district of Kashmir, fed by the Jhelum, known as one of the largest freshwater lakes in Asia and important for fisheries.

Zoji La Pass

A high mountain pass on the Srinagar–Leh route in the Himalayas, historically the gateway between Kashmir and Ladakh and a key strategic and trade corridor.

Subject-verb agreement rule

A verb must agree with its subject in number and person. With 'one of + plural noun', the verb is singular: 'One of the boys is present.'

Active to passive voice

Conversion where the object becomes the subject, followed by a form of 'be' and the past participle, with the original subject optionally placed after 'by'.

Affect versus effect

'Affect' is usually a verb meaning to influence; 'effect' is usually a noun meaning a result. 'The new rule affected output; the effect was small.'

Indirect speech tense shift

When reporting speech, the present tense usually becomes past, past becomes past perfect, and time words change, e.g., 'now' becomes 'then'.

Blood relation notation

A convention for family-tree puzzles: plus sign for male, minus sign for female, horizontal line for siblings, and vertical line for parent-child links.

Syllogism validity test

A conclusion follows only if it is true in every possible Venn diagram consistent with the given premises; one counter-diagram makes it invalid.

Letter position mnemonic EJOTY

A memory aid fixing the alphabet positions E=5, J=10, O=15, T=20, Y=25, used to quickly derive other letter positions in coding questions.

Direction sense turns

Facing north, a right turn points east and a left turn points west. Successive turns are tracked clockwise for right and anticlockwise for left.

Compound interest formula

Compound interest equals P times (1 + R/100) raised to T, minus P, where P is principal, R the annual rate and T the number of years.

Work and time formula

If A finishes a job in x days and B in y days, working together they finish it in xy divided by (x + y) days, assuming constant rates.

Speed unit conversion

To convert kilometres per hour to metres per second, multiply by 5/18; to reverse the conversion, multiply by 18/5.

Successive percentage change

Two successive changes of a percent and b percent produce a net change of a + b + ab/100 percent, where the last term accounts for compounding.

Absolute versus relative reference

In spreadsheets, a relative reference like A1 shifts when copied, while an absolute reference like $A$1 stays fixed; F4 toggles between them.

VLOOKUP exact match

A spreadsheet function returning a value from a table column, matched on the first column; setting the last argument to FALSE forces an exact match.

COUNT versus COUNTA

COUNT counts only cells containing numbers, while COUNTA counts all non-empty cells including text, so they differ when text is present.

Direct Benefit Transfer

An e-governance mechanism that transfers government benefits directly into beneficiaries' bank accounts, often linked to Aadhaar, reducing leakage and intermediaries.

Golden rules of accounting

Debit the receiver and credit the giver for personal accounts; debit what comes in and credit what goes out for real accounts; debit expenses and credit incomes.

Accounting equation

The fundamental identity Assets = Liabilities + Capital, which must remain balanced after every transaction under the double-entry system.

Trial balance limitation

A trial balance proves arithmetic equality of debits and credits but cannot reveal errors of principle, compensating errors, or transactions completely omitted from the books.

Gross profit calculation

Gross profit equals net sales minus cost of goods sold, where cost of goods sold is opening stock plus purchases plus direct expenses minus closing stock.

Contingency Fund

A fund placed at the disposal of the executive to meet unforeseen expenditure, pending authorisation by the legislature through subsequent appropriation.

Vote-on-account

A grant of advance money enabling the government to meet expenditure for part of the financial year until the full budget is passed.

Bill versus voucher

A bill is a claim or demand for payment with supporting documents; a voucher is the accounting record that authorises and evidences the payment.

General Provident Fund

A retirement savings scheme for government employees funded by monthly salary deductions, with government contributions where applicable and interest credited annually.

Bank reconciliation statement

A statement reconciling the cash book bank balance with the pass book balance by adjusting for unpresented cheques, uncleared deposits, bank charges and direct credits.

Imprest petty cash system

A fixed float is advanced to the petty cashier, who records small payments and is reimbursed periodically for the exact amount spent, restoring the float.

Weighted average stock valuation

A stores valuation method where the unit cost equals total cost of goods available divided by total units available, recalculated after each receipt.

Drawing and Disbursing Officer

The officer authorised to draw money from the treasury and disburse pay and other government payments, certifying that each claim is correct and within sanction.