BBA (Sem. - 2nd) FINANCIAL ACCOUNTING SUBJECT CODE : BB - 201 Paper ID : [C0207]

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Roll No.................................

Total No. of Questions : 07]                                                                                                (Total No. of Pages : 03

BBA (Sem. - 2^nd) FINANCIAL ACCOUNTING SUBJECT CODE : BB - 201 Paper ID : [C0207]

[Note: Please fill subject code and paper ID on OMR|

Time : 03 Hours                                                                                                            Maximum Marks : 60

Instruction to Candidates:

1)            Section - A is Compulsory.

2)            Attempt any Four questions from Section - B.

Section - A

Ql)                                                                                                                                                              (10 x 2 = 20)

a)    Define cost concept.

b)   Journalize-capital introduced Rs. 50,000

c)    Assets and Liabilities.

d)   Trial balance.

e)              Book keeping vs Accounting.

f)              Reducing installment method of depreciation.

g)             Explain the error of principles.

h)         What do you mean by financial Accounting.

i)          What do you mean by BRS.
j)     Current Liabilities.

Section - B

(4 x 10 = 40)

Q2) Discuss in detail meaning, principles and conventions of accounting?

Q3) What do you mean by depreciation? Explain in detail need, objectives and any two methods of computing depreciation with the help of examples?

Q4) Why is Trial Balance prepared? Prepare Trial Balance with Imaginary figures?

Q5) Write notes on:

(a)   Journal and Ledger.

(b)  Types of errors.

Q6) On 31^st December, 2006 the cash book of Madhab showed a debit balance of Rs. 1,850. On comparing the cash with the pass book, the following discrepancies were noted:

(a)          Cheques issued Rs. 6,000 were not presented at Bank by 31-12-06.

(b)          Cheques for Rs. 8,000 were deposited in bank but were not cleared.

(c)          A cheque for Rs. 200 received from Dhaban and deposited in bank was dishonoured. No advice for non-payment was received from Bank till 1-1-07.

(d)         A cheque for Rs. 510 was paid into Bank but Bank credited the amount with Rs. 501 by mistake.

(e)          Bank received interest on debentures on behalf of Madhab amounting to Rs. 250.

(f)           A cheque for Rs. 500 entered into the cash book was omitted to be banked. Prepare a Bank Reconciliation Statement and show the balance as per pass book.