Financial Accounting, Question Paper of B.Com 1st Semester,Download Previous Years Question Paper 2

B.Com. (Sem.-1st)

Financial Accounting

Subject Code: BCOP-101

Paper ID: [B1101]

Time:3 Hrs. Max. Marks: 60

INSTRUCTIONS TO CANDIDATE:

1.Section –A This is Compulsory. It consists of 10 sub-questions of 2 marks each. The answer to each question should be given in 2-5 lines.

2.Section-B consists of six questions. Attempt any four questions. Each question carries ten marks.

SECTION –A

Q.1.   Write Short Notes on the following

          (a) Business Entity Concept

          (b) Subsidiary Books

          (c) Errors of Principles

          (d) Promissory Notes

          (e) Provisions

          (f) Average Due Date

          (g) Straight Line Method of Depreciation

          (h) Bad debts

          (i) Self Balancing Ledgers

          (j) Final Accounts

SECTION –B

Q.2.M/s XYZ is maintaining three ledgers i.e. Debtors Ledger, Creditors Ledger, and Normal Ledger, All these ledges are maintained on the system of self Balancing. From the following particulars, prepare adjustments to account that would appear in each of these ledgers.

                                                                 

Q.3. Write a note on the following:

(a) Accounting Equation

(b) Accounting Cycle

Q.4. Journalise the following Transactions in the books of M/s Shanker 2013 

Q.5. Prepare Bank Reconciliation Statement of M/s Ashima Travels, from the following information :

Bank overdraft as per Cash Book on 31st July 2006 Rs.55.000

Cheques issued but not presented for payment Rs.7,500

Cheques deposited but not yet collected by the bank Rs.6,600

Interest on investment collected by the bank Rs.2,100

Bank charges Rs.1350 debited by the bank not yet entered in the cash book.

Q.6 From the following trial balance extracted from the books of Thiru. Venkatachalam as on 31.03.2013 prepare  (i) Trading and Profit & Loss A/C and (ii) Balance Sheet.

Trial Balance as on 31-03-2013.

          

                                                                     

Q.7.Explain various types of errors which an accountant may make while writing the books of accounts.