Search Your Paper

Tuesday, May 10, 2016






Roll No.
Total No. of Questions: 07
BBA (Sem.-2nd)
FINANCIAL ACCOUNTING
Subject Code: BB-201
Paper ID: [C0207]

Time: 3 Hrs. Max. Marks: 60
INSTRUCTIONS TO CANDIDATE:

1. Section-A is compulsory consisting of ten questions carrying two marks each.
2. Section-B contains six questions carrying ten marks each and students have to
attempt any four question.
SECTION–A

Q1. Answer briefly:
a)Explain various objectives of Trail Balance.
b)Discuss the need of  Bank Reconciliation statement?
c)What is Suspense Account?
d)What are various methods of Description?
e)Give the difference between Gross Profit and Net Profit.
f)State four limitations of Accounting?
g)Explain cash basis of Accounting?
h)Explain Convention of Conservatism?
i)Explain various rules of Double Entry System?
j)Distinguish between Income and Expenditure.

SECTION–B

Q2. Define the term “Account Concepts”. Discuss the various accounting concepts.

Q3. “Is the agreement of Trial Balance a conclusive proof of the accuracy of a book-keeper”? If not, what are the errors, which remain undetected by the Trial Balance?

Q4. What is a Bank Reconciliation Statement? What are the reason for difference in Cash Book and Pass Book Balance?

Q5. Give Journal Entries for the following:-

(a)Goods worth Rs. 500 given as charity.

(b)Received Rs. 975 from Harikrishan in ful settlement of  his account for Rs.    1,000.

(c)Received a first and final dividend of 60 paise in the rupee from the official receiver of Mr. Rajan who owed us Rs. 1000.

(d)Sold a sohan goods worth Rs. 20,000 less 2% cash discount and received Rs.
19,600 net on account by Cheque.

(e)Bought from Ram & Co. goods wort Rs. 1,00,000 at 10% trade discount and 2% cash discount terms and paid them half the amount in cash.

(f)Paid Rs. 1000 in cash as wages on installation of machinery.

(g)Supplied goods costing Rs. 10,000 to Sohan invoiced at 30% above cost less 5%
trade discount.

(h)Goods worth Rs. 5000 were used by the proprietor for his personal use.

(i)Goods uninsured worth Rs. 10,000 were destroyed by fire.

Q6. On 1 Jan. 2003, X Ltd., purchased a second-hand machine for Rs.52000 and spend Rs.2000 as shipping and forwarding charges, Rs.5000 as import duty, Rs. 500 as carriage inwards, Rs. 1500 as repair charges,  Rs,  500 as installation charges, Rs. 400 as brokerage of the middleman and Rs. 100 for an iron pad. It was estimated that the machine will have a scrap value of Rs. 2000 at the end of  its useful life which is 20 years. On 30st  sept. 2003 repairs and renewals amounted to Rs.  2000. On 1 July 2005, this machine was sold for Rs.30,600. Prepare the machinery Account for the first three years.

Q7. The following is the Trial Balance of M/s Kasturi Agencies as on 31 March, 2014.Prepare Trading and profit & loss account for the year ended 31stMarch 2014 and a balance sheet on that date:-   
                                                                                         Dr.                               Cr.
Capital                                                                                                            1,00,000
Drawings                                                                          18,000
Buildings                                                                          15,000
Furniture & Fittings                                                           7,500
Motor Van                                                                        25,000
Loan from Hari@ 12% interest                                                                       15,000
Interest on the above                                                         900
Sales                                                                                                               1,00,000
Purchases                                                                          75,000
Opening stock                                                                   25,000
Establishment Expenses                                                    15,000
Wages                                                                                 2,000
Insurance                                                                           1,000
Commission Received                                                                                        45,00
Sundry debtors                                                                  28,100
Bank Balance                                                                     20,000
Sundry Creditors                                                                                              10,000
Interestst                                                                                                              3,000
                                                                                         2,32,500            20,32,500
Adjustments:-
(a) The value of stock on 31 st
(b) Outstanding wages Rs.500
(c) Prepaid insurance Rs.300
March 2008 was Rs. 32,000.
 (d) Commission received in advance Rs.1,300
(e) Allow interest on capital @ 10%
(f) Depreciate: Building 2.5%, Furniture & Fittings 10% Motor van 10%
(g) Charge interest on drawings Rs. 500
(h) Accrued interest Rs.500

---:END:---

0 comments:

Post a Comment

North India Campus

Popular

Archive

North India Campus. Powered by Blogger.

Welcome to North India Campus

Search Question Paper

Labels

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