Basic Accounting Question Paper of 3rd Semester BCA Download Previous Years Question Paper 2

Roll No.

Total No. of Questions : 07

BBA (Sem.–3rd)

BASIC ACCOUNTING

Subject Code : BSBC-305

Paper ID : [B0232]

Time : 3 Hrs.                                   

INSTRUCTION TO CANDIDATES :

1. Section-A is compulsory. Each question carry two marks.

2. Section-B Attempt any four questions. Each question carry ten marks.

SECTION-A

Q. 1. Write short notes on the following:

(a) Representative Personal Accounts

(b) Nominal Accounts

(c) Concepts of Materiality

(d) Triple column cash book

(e) Errors of Omission

(f) Final Accounts

(g) Gross working capital

(h) Cash Credit Limit

(i) Debentures

(j) Narration

Section-B

Q. 2. Write note on each of the following:

(a) Generally Accepted Accounting Principles

(b) Double Entry System and Classification of accounts.

Q. 3. From the following transactions of Jeetuji Enterprises, pas journal entries;

Date	Transaction
1-03-13	Started Business by Navraj Singh with a capital of Rs. 2, 0, 00
2-03-13	Deposited Rs. 1, 90, 00 out of the money received as capital into Bank account
5-03-13	Purchased Furniture for office from shine star enterprises worth Rs. 1, 0, 00 on credit
7-03-13	Purchased Gods worth Rs. 1, 0, 00 through cheque
15-03-13	Sold Gods for Rs. 80, 00
17-03-13	Sold Gods for Rs. 50, 00 to shine star, paid Rs. 45, 00 in full settlement of their claim
19-03-13	Rs. 20, 00 withdrawn by Navraj Singh for personal use
24-03-13	Paid Rs. 3, 00 on repair and whitewash of business premises
26-03-13	Purchased Stationery worth Rs. 200
31-03-13	Paid electricity fitting charges Rs. 400

Q. 4. (a) “The basic objective of preparing the ‘Trial Balance’ is to check the accuracy of books of accounts”. Give your comments on the statement.

(b) Explain the steps required to be followed to locate the errors in books of accounts.

Q. 5. From the following information, you are required to prepare bank reconciliation statement of             Zenith Enterprises:

		Rs.
A	Bank Balance of Zenith Enterprises as per pas book	23,500
B	Cheque deposited directly in bank by the customers not recorded in cash book	22,000
C	Bank charges directly debited by bank not recorded in cash book	1,500
D	Cheque deposited entered in cash book not yet credited by bank	14,000
E	Cheque deposited in bank dishonoured but no intimation received in office	1,000
F	Cheque paid for payment of repair charges not yet presented	2,500
G	Bank credited an interest, not yet intimated to proprietor	1,130
H	Bank wrongly credited someone else's cheque in Zenith's account	21,000

Q. 6. Explain in detail the sources of finance for working capital.

Q. 7. From the following information, prepare the trading, profit and los acount and balance sheet.