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Thursday, September 1, 2016



Roll No.
Total No. of Questions : 07
BBA (Sem.–3rd)
BASIC ACCOUNTING
Subject Code : BSBC-305
Paper ID : [B0232]
Time : 3 Hrs.                                   
Note : The question has two sections. Section A consists of 10 questions of two marks each. Section B contains six questions out of which four questions are required to be attempted having 10 marks each.
Section-A

1.     Write short note on following:
a.     Distinguish between capital and revenue
b.     Distinguish between Book Keeping and Accounting.
c.      Accounting Equation
d.     Opening Entry
e.      Purchase Book
f.       Closing stock adjustment
g.     BRS.
h.     Fixed and fluctuating capital
i.       Tally 9.0
j.       Sources of capital

                                               Section –B

2.     What do you mean by journal? Why the need of journal arises? What functions are performed by journal?

3.     What are the causes of disagreement in the pass book and cash book balances? How would you reconcile them?

4.     Write a detailed note on applications of commuters in accounting.

5.     On may 1, 2013 Ramesh had 2,2750 in his cash box and was overdrawn at the bank by Rs 27,065. Enter these opening balances in his cash book and then record the following transactions. Balance off the cash book on May 15.

2013

May 2
Paid for postage stamps Rs.260 in cash, paid for repairs Rs. 147 in cash, paid to Rakesh a cheque for Rs. 2,710 who gave discount Rs.190
May 3
Cash sales Rs. 8,770; R.5,030 out of cash box into the bank
May 8
Bought goods by cheque at an auction Rs.1750; paid rent for the month Rs. 2,950 by cheque; paid wages Rs. 1,000 in cash.
May 10
Laxman paid by cheque Rs. 9710 in full settlement of Rs. 10,000 in cash.
May 13
Rated paid by cheque Rs. 2,265; drawn for personal use form cash, Rs. 1.500

6.     From the following balances taken from the books of Mahesh Chandra as on 31st March, 2013 Prepare a trail balance.


Rs.

Rs.
Cash
10,000
Carriage inwards
3,000
Sundry debtors
21,600
Sundry creditors
5,000
Salaries and wages
2,700
Drawings
6,000
Capital
50,000
Return outwards
2,000
Sales
48,500
Bank
9,000
Freight
4,000
Machinery
27,000
Discount earned
450
Discount allowed
150
furniture
2,500



7.     From the following particulars extracted from the books of Rajesh , prepare Trading and profit and Loss Account and Balance Sheet as on 31st March, 2013 after making the necessary adjustments:

Rs.                                                              Rs.
                 Capital Account (Cr)     54,050        Interest Received                          725
                 Opening stock                23,400        cash with trader bank                   40000
                 Sales                              1,44,800     discount Received                         1,495
Sales returns                  4,300          Investments @ 5% as on
Purchases                      1,21,550     1-4-2012                                         2,500
Purchases returns          2,900          furniture as on                                900
Carriage inwards           9,300          Discount allowed                           3,770
Rent                               2,850          General Expenses                          1960
Salaries                          4650           Audit fees                                      350
Sundry debtors              12000          fire insurance premium                300
Sundry creditors            7400           travelling expenses                        1165
Loan from Bank ltd.      10000         postage and telegrams                    435
Interest paid                   450             cash in hand                                   190
Printing and stationery 1700            deposits at 10% as on                      15000
Advertisement               5600           drawings                                         5000

1)    Value of stock as on 31st March 2013, is Rs. 39,300. This includes goods returned by customers on 31st March, 2013 to the value of Rs. 1,000.

2)    Purchases include furniture purchased on 1st January, 2013 for Rs.1000

3)    Depreciating should be provided on furniture at 10% per annum

4)     The loan account from Dena Bank in the books of Rajesh appears as follows:
31-3-2013 to Balance c/d    10000           1-4-2012           By Balance 5000
                                                                 31-3-2013          By bank      5000
                                           10000                                                          10000        

5)    Sundry Debtors include Rs. 2000 due from X and sundry Creditors include Rs. 1000 due to him.

6)    Interest paid includes Rs. 300 paid to Dena Bank.

7)    Interest received represents Rs.100 from the sundry debtors and the balance on investments and deposits.

8)    Provide for interest payable to Dena Bank and for interest receivable on investments and deposits.

9)    Provide for doubtful debts 5% on the balance under “sundry Debtos”. 




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