Basic Accounting, Question Paper of BCA (D) 1st Semester, Download Question Paper 4

Roll No……….

Total No. of Questions: 13

Paper ID [A0203]

BCA (103) (S05/old) (Sem.-1^st)

BASIC ACCOUNTING

Time: 3 Hrs.                                                                 Max. Marks: 75

Instruction to Candidates:

1.     Section-A is Compulsory.

2.     Attempt any Nine questions from Section-B.

SECTION-A

Q1.

(a)  Define accounting.

(b) Discuss book keeping Vs. Accounting.

(c)  Explain concept of conservatism.

(d) What do you mean by compound journal entry?

(e)  Discuss contra entry.

(f)   Meaning of management accounting.

(g)  What is relationship between management accounting and financial accounting?

(h) Who are the users of financial statements?

(i)    Why management accounting is needed?

(j)    What are the limitations of management accounting?

(k) Explain preference shares.

(l)    What do you mean by forfeiture of shares?

(m)  What is the difference between debenture and share?

(n)    Writ short note on use of computers in accounting.

(o)    What do you mean by retained earnings as source?

SECTION-B

Q2.    Explain double entry book system and what are its advantages?

Q3.    Briefly explain the concepts which form the back bone of accounting?

Q4.    How you will classify the accounts? State the rules of journalizing with respect to each class of accounts.

Q5.    What is purchase book? Give a specimen of this book showing at least three entries.

Q6.    What is balance sheet and what purpose does it fulfill?

Q7.    Management accounting aim at providing financial results of the business to the management for taking decisions. Explain by bringing our advantages of management accounting.

Q8.    Explain various sources of raising capital.

Q9.    Explain issue of shares at discount with a suitable example.

Q10. Ramesh limited invited applications for 1000 shares of Rs. 10 each at a discount of Rs. 4 per share payable as follows:

On Application Rs. 20

On Allotment Rs. 30

On first and final call Rs. 46

The applications were received for 9000  shares and all of these were accepted. All money was received except the first and final call on 400 shares. These shares were forfeited 200 of these shares were reissued as fully paid for payment of Rs. 80 per share. Pass necessary journal entries.

Q11. Explain the nature and objective of management accounting.

Q12. What is securities premium? Explain the purpose for which it can be used.

Q13. Record the following transactions in triple column cash book:

Jan 1 Cash balance Rs. 2000 Bank balance Rs. 3500

Jan2 Paid to Ashok by cheque Rs. 500 in full settlement of his account of Rs. 530

Jan 4 Cash Purchases of goods Rs. 300

Jan5 Received cheque from Madaan Rs. 300 and banked at once.

Jan8 Paid to Bindu Rs. 290 in full settlement of his account of Rs. 300.

Jan10 Cash sales Rs. 800

Jan11 Deposited in bank Rs. 1000 from cash.

Jan20 Withdraw from bank for personal use Rs. 100 and for office use Rs.500.

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Basic Accounting, Question Paper of BCA (D) 1st Semester, Download Question Paper 3

Roll No………

Total No. of Questions: 13

Paper ID [A0203]

BCA (103) (Old) (Sem.-1^st)

BASIC ACCOUNTING

Time: 3 Hrs.                                                                           Max. Marks: 75

Instruction to Candidates:

1.     Section-A is Compulsory.

2.     Attempt any Nine questions from Section-B.

SECTION-A

Q1.

(a)  What do you mean by dual aspect concept?

(b) Differentiate between accounting and accountancy.

(c)  What do you mean by personal accounts?

(d) What is meant by contra entry?

(e)  Define credit note.

(f)   Differentiate between direct and indirect expenses.

(g)  Where the prepaid expenses are shown in balance sheet.

(h) Mention two limitations of management accounting.

(i)    Explain the purpose of preparing profit and loss account.

(j)    Explain two uses of management accounting.

(k) Pass an entry of allotment of shares.

(l)    What is meant by forfeiture of shares?

(m)  Pass an entry for forfeiture of shares.

(n) Mention two uses of computers in accounting.

(o) Name some sources of raising capital.

SECTION-B

Q2. Write a note on accounting concepts.

Q3. What is double entry system? Discuss its advantages.

Q4. How posting of business transactions is done in ledger?

Q5. Journalize the followings:

(a)  Income tax paid Rs.2000.

(b) Life insurance premium paid Rs. 3000.

(c)  Paid to verma Rs. 4975 in full settlement of Rs. 5000.

(d) Cash Rs. 101 and goods Rs. 50 given away as charity.

(e)  Fire insurance premium paid Rs. 2500.

Q6. How management accounting is useful in managerial decision making process?

Q7. Prepare a performa of balance sheet by using imaginary figures.

Q8. Find out gross profit from the following information:

Sales revenue                           Rs. 500000

Opening stock                         Rs. 40000

Closing stock                           Rs. 20000

Import duty                                      Rs. 45000

Return inward                         Rs. 2000

Return outward                       Rs. 4000

Purchases                                Rs. 235000

Q9. Why profit and loss a/c is prepared?

Q10. Describe the procedure of forfeiture and re-issue of shares in case of company.

Q11. Differentiate between manual accounting and computerized accounting system.

Q12. A ltd. Company 10000 equity shares of Rs. 10 each Rs. 5 on application, Rs. 3 on allotment and balance on first and final call. A shareholder holding 200 shares fails to pay the amount due on final call and shares being forfeited by company. Pass necessary journal entries in the books of company.

Q13. Give a main distinction between equity and preference shares.

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Basic Accounting, Question Paper of BCA (D) 1st Semester, Download Question Paper 2

Roll No………

Total No. of Questions: 13

J-3747[UP-7001]

[2037]

BCA (Semester-1^st)

BASIC ACCOUNTING (BC-103)

Time: 3 Hrs.                                                                           Max. Marks: 75

Instruction to Candidates:

1.     Section-A is Compulsory.

2.     Attempt any Nine questions from Section-B.

SECTION-A

Q1.

(a)  Describe the branches of accounting.

(b) Explain accounting period concept.

(c)  What do you understand by double entry system?

(d) Explain debit note and credit note.

(e)  Explain opening entry.

(f)   Enlist the various functions of management accounting.

(g)  What do you understand by term liabilities?

(h) Explain the objectives of management accounting?

(i)    Define asset.

(j)    Distinguish between balance sheet and profit and loss account.

(k) Explain equity share capital.

(l)    When shares can be issued at discount?

(m)  Define  debentures.

(n)    Enlist various sources of finance.

(o)    What is bridge finance?

SECTION-B

Q2.    Define accounting? What are its functions?

Q3.    Explain different types of cash book.

Q4.    Journalise the following transactions:

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

(b) Received Rs. 975 from Hari Krishan in full settlement of his account for Rs. 1000.

(c)  Rent due to landlord Rs. 800.

(d) Paid cartage on behalf of customer Rs. 50.

(e)  Goods worth Rs. 500 withdrawn for personnel use.

Q5.    Explain ledger and its role in accounts.

Q6.    What are the tools which makes management accounting useful?

Q7.    How does management accounting differ from financial accounting? What are limitations of management accounting?

Q8.    Explain the importance of preparing financial statements.

Q9.    What do you understand by balance sheet? Discuss ways of arrangement of assets and liabilities in balance sheet.

Q10. Discuss advantage of issuing preference shares as a source of raising capital.

Q11. Explain entries of issue of shares at premium by suitable examples.

Q12. BMSL forfeited 100 equity shares of Rs. 10 each issued at a discount of 10% held by Raj Kumar for a non-payment of first call of Rs. 2 and final call of Rs. 3 purchase. Out of these 50 shares were reissued at Rs. 8 per share. Pass journal entries regarding forfeiture and reissuing.

Q13. Explain the role of computer in accounting.

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Basic Accounting, Question Paper of BCA (D) 1st Semester, Download Question Paper 1

Roll No………

Total No. of Questions: 13

J-3026[S-26]

[2037]

BCA (Semester-1^st)

BASIC ACCOUNTING (BC-103)

Time: 3 Hrs.                                                                           Max. Marks: 75

Instruction to Candidates:

1.     Section-A is Compulsory.

2.     Attempt any Nine questions from Section-B.

SECTION-A

Q1.    (a) What is meant by Business entity concept?

(b) Mention two advantages of Accounting.

(c) Explain the term capital and drawing.

(d) Differentiate between Book-keeping and Accounting.

(e) What is meant by contra entry?

(f) What is an Account?

(g) Explain Accounting rule of Nominal account.

(h) Why sales books is prepared?

(i) Explain Tangible and Intangible Assets.

(j) Mention two limitations of management Accounting.

(k) What is meant by issues of shares at discount?

(l) Why capital Reserve is created?

(m) Why shares are forefeited?

(n) Differentiate between manual accounting and computerized accounting.

(o) Why income statement is prepared?

SECTION-B

Q2.    Define Double entry system. Explain its advantages.

         

Q3.    Explain few accounting concepts and conventions.

Q4.    What is the procedure of posting the business transactions?

Q5.    Enter the following transactions in Cash Book.

(a)  Cash in hand Rs.1000 and Bank overdraft Rs. 4000.

(b) Paid into bank Rs. 6000.

(c)  Drew for office use Rs. 500.

(d) Paid to Basant Rs. 980 in full settlement of his account of Rs. 1000.

(e)  Cash sales Rs. 9000.

Q6.    Explain purchase book and sales book. Why these are prepared?

Q7.    Prepare Balance sheet by using imaginary figures.

Q8.    Discuss the nature and scope of management Accounting?

Q9.    What is the procedure of forfeiture and re-issue of shares?

Q10. A company issues 10,000 shares @ Rs. 10 per share payable as follows:

Rs. 4 on Application.

Rs. 3 on Allotment.

Rs.3 on first call.

Pass journal entries in the books of company.

Q11. Discuss the main advantages of computerized accounting?

Q12   What is Journal? How it is prepared?

Q13. Differentiate between Gross profit and Net profit. How Net profit is ascertained.

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