Roll No……….
Total No. of Questions: 13
Paper ID
[A0203]
BCA
(103) (S05/old) (Sem.-1st)
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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