Search Your Paper

Tuesday, May 10, 2016

Roll No……………………
MAY 2014
BB-201 Financial Accounting
Time allowed : 3 hours
Important instructions
Section A is compulsory an all the 10 questions have to be attempted. Each question carries 2 marks. The candidate should answer each question in 2-5 lines. From section B, attempt any four questions. Each question carries 10 marks.

Section A
1.     Answer the following
a.     Explain Business Entity concept
b.     What are Nominal Accounts? Give two examples.
c.      What are fixed assets? Give two examples.
d.     What is a Joumal? Give its format.
e.      How is gross profit calculated?
f.       What is accrued income ?
g.     Differentiate between expenditure and expenses.
h.     What are compensating errors?
i.       What is narration?
j.       What are adjustments in relation to final accounts?

Section –B

2.     Explain Double Entry system of bookkeeping . what are ot adjectives? Discuss its advantages.

3.     What is deprecation? What are the objectives of charging depreciation? Discuss various methods of charging deprecation.

4.     Differentiate  between a Trial Balance and a Balance Sheet. Disuses the applications of Trial Balance.

5.     In early August 2011, XYZ Company received a bank statement which showed a balance of R s.55.262 as at 31st July2001. However, its own record showed a balance of  Rs.55,597 on the same date.

The following differences are identified:

i)       Deposits  amounted to Rs 1,300 was not in the bank statement .

ii)    Two cheques were sent to suppliers, but yet to be accounted for by the bank. The details were as follows:
Cheque no:6661 dated July 20 Rs 380
Cheque no :6661 dated July 27 Rs 670

iii)  The bank imposed a service charge of Rs 55

iv)  A cheque no 6666 issued on July 24 for water bill amounting to Rs 3,350 was wrongly entered in the cash payment Joumal Rs 3,350 in the statement.

v)    A cheque amounting to Rs 210 was received from customer ABC on July 15 and deposited a day after. However, due to insufficient fund in Mr. ABC’s account, the bank informed the company  A that the dishonored cheque had been debited to company XYZ
Prepare the Bank Reconciliation Statement for Company XYZ.

6.     The following errors were defected form the books of  a trader.
                         I.            Return inwards books was overcast  by Rs 200
                         II.          Rs 1000/- received in respect of book debt posted as cash sales.
                         III.        Rs 1150/- paid for salary posted as Rs 950/-to salary account
                         IV.         An item of Rs 400/- for goods sold to Ashok debited to Anil’s Account.
                         V.            Rs 150/-paid on account of the tuition fees for the proprietor’s son had
                         been debited to General Expenses Account.
                         Pass rectifying Joumal retries.

7.     From the following Trial Balance extracted from the books of a proprietor, prepare Trading, profit and loss Account for the year ended on 31st March 2011 and the Balance Sheet as on the date.
Dr. balances
Cr. balances
Plant & Machinery
Office  Fumiture
Sundry debtors
Return inwards
Postage & telegram
Opening Stock
Printing  & stationery
Motor vans 

Sundry creditors
Rectums outwards
Bills payable
                   I.   Write off Rs 250 from office Fumiture.10% from Plant & Machinery and 20% from motor van.

                II.    Create a reserve of 5% on sundry debtors.
             III.     Stock-in-trade a, amounted to Rs 12,500 at the end of the year.
            IV.       Rent  is payable Rs 300.
               V.      Write off 1/5th of the advertising expenses.

            VI.       The proprietor is entitled to interest on capital at 5% p.a. and a total salary of Rs 1,800.


Post a Comment

North India Campus



North India Campus. Powered by Blogger.

Welcome to North India Campus

Search Question Paper


1st & 2nd Semester BE 1st Semester B.Com 1st Semester BBA 1st Semester BCA (D) 1st Semester Bsc. IT (D) 1st Semester Bsc. IT 1 1ST Semester M.SC IT(D) 1st Semester M.Tech 1ST Semester MBA 1st Semester MCA 1st Semester MCA (D) 2nd Sem B.Com 2nd Sem BB 2nd Sem BBA 2nd Sem BCA 2nd Sem BCA (D) 2nd Sem BSC IT(D) 2nd Sem BSC(IT) 2nd Semester MBA A Foundation Course in Human Values and Professional Ethics Accounting and Financial Management Accounting and Financial Managementm ACCOUNTING FOR MANAGEMENT Adolescence and Family Education B.Ed (2012) Adolescence And Family Education B.Ed (Dec 2013) Adolescence And Family Education B.Ed (Dec 2014) ADVANCE SOFTWARE ENGINEERING Advanced Accounting 2 ADVANCED COMMUNICATION SYSTEMS ADVANCED MATHEMATICS FOR ENGINEERS Aligarh Muslim University Applied Physics 1 B.Ed (Dec 2008) B.Ed (Dec 2009) B.Ed (Dec 2011) B.Ed (Dec 2012) B.Ed (Dec 2013) B.Ed (Dec 2014) B.Ed (June 2008) B.Ed (June 2009) B.Ed (June 2015) BA 1 Syllabus Bachelor in Science Fashion and Technology Basic Accounting Basic Chemistry Basic Electrical Engineering Basic Electronics Basic Mathematics BSC 1 Basoc Accounting BBA 1 BBA 2 BCA Question Papers BCA Syllabus 1 Bridge Course in Mathematics Bsc.IT Business Communication-1 Business Communication-2 Business Communication-I 2 Business Environment 2 Business Laws 1 Business Mathematics Business Organisation and Management Business Statistics 2 C C Programming C Programming Bsc IT 1 C Programming Lecture Videos CADM 1st Semester Communication 2 Communication and Soft Skills Communication Skills Communication Skills 1 Communicative English Computer and Education B.Ed (Dec 2011) Computer and Education B.Ed (Dec 2012) Computer Applications Computer Fundamental Computer Graphics Video Lecture Computer in Education B.Ed (Dec 2008) Computer in Education B.Ed (Dec 2009) Computer In Education B.Ed (Dec 2013) Computer in Education B.Ed (Dec 2014) Computer Mathematical Foundation MCA D Computer Networks 1st Semester Computer Operating System Computer Organization and Assembly Language Computer System Architecture 2 Corporate Accounting Curriculum and Instruction B.Ed (Dec 2009) Curriculum and Instruction B.Ed (Dec 2011) Curriculum and Instruction B.Ed (Dec 2012) Curriculum and Instruction B.Ed (Dec 2013) Curriculum and Instruction B.Ed (Dec 2014) Curriculuman and Instruction B.Ed (Dec 2008) DATA COMMUNICATION NETWORK Data Structure 2 Data Structures 2 data structures 2 BCA D Data Structures Through C 2 Database Management with Microsoft Access Bsc IT 1 Delhi University News Desktop Publishing Tools 2 Digital Circuits and Logic Design 2 Digital Circuits and Logic Design 2 BCA D Digital Electronics 2 Digital Electronics Fundamentals 2 Distance Education B.Ed (Dec 2008) Distance Education B.Ed (Dec 2009) Distance Education B.Ed (Dec 2011) Distance Education B.Ed (Dec 2012) Distance Education B.Ed (Dec 2013) Distance Education B.Ed (Dec 2014) Dot Net Interview Questions & Answers. Education and Evaluation B.Ed (Dec 2009) Education and Society B.Ed (Dec 2008) Education and Society B.Ed (Dec 2009) Education and Society B.Ed (Dec 2011) Education and Society B.Ed (Dec 2012) Education and Society B.Ed (Dec 2013) Education and Society B.Ed (Dec 2014) Education Technology B.Ed (Dec 2009) Educational Evaluation B.Ed (Dec 2008) Educational Evaluation B.Ed (Dec 2011) Educational Evaluation B.Ed (Dec 2012) Educational Evaluation B.Ed (Dec 2013) Educational Evaluation B.Ed (Dec 2014) Educational Technology B.Ed (Dec 2008) Educational Technology B.Ed (Dec 2011) Educational Technology B.Ed (Dec 2012) Educational Technology B.Ed (Dec 2013) ELECTRONICS SYSTEM DESIGN Engineering Drawing and Graphics Engineering Mathematics Engineering Question Paper set 1 Engineering Syllabus English and Communication Skills English and Communication Skills 2 Environmental Science 2 Finaicial Accounting Financial Accounting Financial Management 2 Sem Fundamentals of Information Technology Bsc 1 Guidance and Counseling B.Ed (Dec 2008) Guidance and counseling B.Ed (Dec 2009) Guidance and Counseling B.Ed (Dec 2011) Guidance and Counseling B.Ed (Dec 2012) Guidance and Counseling B.Ed (Dec 2013) HIV and Aids Education B.Ed (Dec 2011) HIV and Aids Education B.Ed (Dec 2012) HIV and Aids Education B.Ed (Dec 2013) Hotel Management and Air Lines Syllabus HP University News Human Resource Management Human Resource Management 2 Information Management Information Technology for Management Intoduction to microprocessor 2 BCA D Introduction of Computers BBA1 Introduction to Computers 2 Introduction to I.T MCA D Introduction to Information Technology Introduction to Information Technology(BCA) Kurukshetra University News Lecture 20 Clipping -- Lines And Polygons Macro Economics 2 Management Syllabus Managerial Economics Marketing Management 2 Master Of Technology M-Tech Syllabus MBA Papers MCA Notes MCA Question Papers Mercantile Law 2 Metal Cutting Question Paper Metal Forming Question Paper Micro Economics Network Security NEURAL NETWORKS & FUZZY LOGIC Object Oriented Programming in C++ Object Oriented Programming in Cpp OOP CPP 2 Operating system (BCA) Operating System Bsc IT 1 Organisational Behaviour Organization Behaviour 2 Other Universities Others Panjab University News PCM 2 BCA D PGDCA Pharmacy Syllabus Principles and Practices of Management principles of management 2 Production and Operations Management 2 Programming in C Programming in C MCA D Programming Logic Development with C Psychology of Learning and Development B.Ed (Dec 2013) Psychology of Learning and Development B.Ed (Dec 2008) Psychology of Learning and Development B.Ed (Dec 2009) Psychology of Learning and Development B.Ed (Dec 2011) Psychology of Learning and Development B.Ed (Dec 2012) PTU Affiliated Colleges of Integerated College PTU Affiliated Colleges of Management College PTU Affiliated Colleges of Architecture PTU Affiliated Colleges of Engineering PTU Affiliated Colleges of Pharmacy College PTU Forms Download PTU News and Events Quantitative Techniques RDBMS 2 RDBMS-I 2 Relational Database Management System Research Methodology 2 SAD 2 BCA D Syllabus of Computer Applications Syllabus of Journalism and Mass Communication Syllabus of Medical Laboratory Science System Analysis and Design System Analysis and Design 2 System Analysis and Design MCA D Teacher and School B.Ed (Dec 2008) Teacher and School B.Ed (Dec 2009) Teacher and School B.Ed (Dec 2011) Teacher and School B.Ed (Dec 2012) Teacher and School B.Ed (Dec 2013) Teacher of English B.Ed (Dec 2009) Teaching of English B.Ed (Dec 2008) Teaching of English B.Ed (Dec 2011) Teaching of English B.Ed (Dec 2012) Teaching of English B.Ed (Dec 2013) Teaching of Mathematics B.Ed (Dec 2009) Teaching of Mathematics B.Ed (Dec 2011) Teaching of Mathematics B.Ed (Dec 2012) Teaching of Mathematics B.Ed (Dec 2013) Teaching of Science B.Ed (Dec 2008) Teaching of Science B.Ed (Dec 2009) Teaching of Science B.Ed (Dec 2011) Teaching of Science B.Ed (Dec 2012) Teaching of Science B.Ed (Dec 2013) Teaching of Social Studies B.Ed (Dec 2008) Teaching of Social Studies B.Ed (Dec 2011) Teaching of Social Studies B.Ed (Dec 2012) Teaching of Social Studiess B.Ed (Dec 2013) Teaching of Social Study B.Ed (Dec 2009) Technical Communication UGC NET Computer Science Question Paper Uttarakhand Open University Video Lecture Web Technologies 1st Semester Web Technologies 2 Welding Technology Question Paper Workshop on IT and E-Commerce 2