Basic Accounting Question Paper of 3rd Semester BCA Download Previous Years Question Paper 3

Roll No.

Total No. of Questions : 07

BBA (Sem.–3rd)

BASIC ACCOUNTING

Subject Code : BSBC-305

Paper ID : [B0232]

Time : 3 Hrs.                                   

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. Write short notes on :

a) Concept of objectivity

b) Purchase Book

c) Errors of Commission

d) Double Entry system

e) Gross working capital

f) Nominal accounts

g) Final Accounts

h) Bank Reconciliation Statement

i) Equity Shares

j) Accounting equation

SECTION-B

2. Pass the journal entries from the following transactions: April, 2012

a. Commenced business with a capital of Rs. 2,50,000

b. Purchased goods worth Rs. 50,000 from Rajni

c. Purchased goods worth Rs. 25,000 for cash

d. Purchased goods on cash from Luthra Rs. 10,000

e. Sold goods to Labu for Rs. 45,000

f. Sold goods for cash Rs. 30,000

g. Goods returned by Labu Rs. 5,000

h. Goods returned to Luthra Rs. 2,000

i. Goods taken by proprietor for his personal use Rs. 5,000

j. Bought furniture for proprietors house, payment made through business Rs. 7,000

3. Explain the format and need of preparing trial balance.

4. i) Write a brief note on applications on computers in accounting.

   ii) Explain the format and need of preparing triple column cash book.

5. From the following information, prepare bank reconciliation statement of M/s X Sons : Rs.

a) Balance as per bank column of cash book 50,000

b) Amount withdrawn from bank not recorded in cash book (bank column) 40,000

c) Cheques deposited in bank recorded in pass book, not posted in cash book 35,000

d) Cheques deposited with bank collected by bank and entered in pass book, not yet recorded in cash book 10,000

e) Standing instructions were given to bank to pay insurance premium, bank has not yet paid the same but it is recorded in cash book 9,000

f) Cheque paid for payment of electricity charges not yet presented 6,000

g) Bank credited an interest, not yet intimated to proprietor 3,300

h) Wrongly credited in cash book 900

i) Bank charges not entered in cash book 120

j) A dividend paid directly into bank not entered in cash book 900

6. From the following trial balance extracted from the books of X & Sons as on 31.03.12. Prepare :

(i) Trading and Profit & Loss A/c and

(ii) Balance Sheet

Trial Balance as on 31.03.12

Particulars	Debit Balance Rs	Credit Balance . Rs.
Capital Drawings Land and Building Machinery Stationery Sales Purchases Rent Interest Opening Stock Wages Power Debtors Creditors Bank Loan Reserves		40,000 5,000 1,20,000 45,000 15,000 1,90,000 75,000 24,000 15,000 20,000 10,000 5,000 10,000 26,000 10,000 30,000
Total	3,20,000	3,20,000

Closing stock as on 31-03-2012 is Rs. 30,000

7. Write a note on sources of working capital finance for a business.