Download Question Paper of "Finaicial Accounting", Question Paper of BBA 2nd Semester, Subject Code : BB - 201, Paper ID C02071 Paper 8

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Total  No.  of  Questions  :  07

BBA  (Sem.–2nd)

FINANCIAL  ACCOUNTING

Subject  Code  :  BB-201    (2007  to  2011  Batch)

Paper  ID  :  [C0207]

Time  :  3  Hrs. Max.  Marks  :  60

INSTRUCTION  TO  CANDIDATES  :

1. SECTION-A  is  COMPULSORY  consisting  of  TEN  questions  carrying

TWO  marks  each.

2. SECTION-B  contains  SIX  questions carrying  TEN marks  each  and  students

has  to  attempt  any  FOUR  questions.

                                                       SECTION-A

l. Answer briefly :

a. Define accounting.

b. Differentiate between asset and liability.

c. State advantages  of journal.

d. Explain in brief steps for preparation of bank reconciliation statement.

e. Distinguish between journal and ledger.

f. What do you mean by rectifying entry?

g. What is the importance of depreciation?

h. Differentiate between gross profit and net profit.

i. Give  a Performa for balance sheet.

j. Differentiate between expenditure and expenses.

        

                                             SECTION-B

2. Explain the basic concepts of accounting in detail.

3. Describe double entry system. State its advantages and disadvantages.

4. What do  you mean by bank reconciliation  statement?  Why is it necessary

     to prepare this statement by the firms?

5. Explain the errors disclosed by trial balance.

6. Describe fixed installment method with advantages and disadvantages.

7. Explain  the  meaning  and characteristics  of  balance  sheet.  Differentiate

    between balance sheet and trial balance.