Roll No………
Total No. of Questions: 13
J-3026[S-26]
[2037]
BCA (Semester-1st)
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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