Download PTU (I.K. Gujral Punjab Technical University Jalandhar (IKGPTU) BBA (Bachelor of Business Administration) 2020 March 1st Sem 75083 Bba(Sim) (2018 Batch) Basic Accounting Previous Question Paper
Roll No. Total No. of Pages : 03
Total No. of Questions : 09
BBA/BBA(RD)/(Event Management/Service Industry Management)
(2018 Onwards) (Sem.?1)
BBA(SIM) (2018 Batch)
BASIC ACCOUNTING
Subject Code : BBA-102-18
M.Code : 75083
Time : 3 Hrs. Max. Marks : 60
INSTRUCTIONS TO CANDIDATES :
1. SECTION-A is COMPULSORY consisting of TEN questions carrying TWO marks
each.
2. SECTION-B consists of FOUR Sub-sections : Units-I, II, III & IV.
3. Each Sub-section contains TWO questions each, carrying TEN marks each.
4. Student has to attempt any ONE question from each Sub-section.
SECTION-A
1. Write briefly :
a) Explain three merits of double entry system.
b) What is the difference between expenses and expenditure ?
c) How sales book differ from cash book ?
d) Define different types of errors.
e) Discuss in detail benefits of accounting.
f) Define Assets and Liabilities.
g) Define trial balance.
h) What do you mean by concepts of accounting ?
i) How do you define conventions ?
j) Define Computer.
FirstRanker.com - FirstRanker's Choice
1 | M-75083 (S12)-653
Roll No. Total No. of Pages : 03
Total No. of Questions : 09
BBA/BBA(RD)/(Event Management/Service Industry Management)
(2018 Onwards) (Sem.?1)
BBA(SIM) (2018 Batch)
BASIC ACCOUNTING
Subject Code : BBA-102-18
M.Code : 75083
Time : 3 Hrs. Max. Marks : 60
INSTRUCTIONS TO CANDIDATES :
1. SECTION-A is COMPULSORY consisting of TEN questions carrying TWO marks
each.
2. SECTION-B consists of FOUR Sub-sections : Units-I, II, III & IV.
3. Each Sub-section contains TWO questions each, carrying TEN marks each.
4. Student has to attempt any ONE question from each Sub-section.
SECTION-A
1. Write briefly :
a) Explain three merits of double entry system.
b) What is the difference between expenses and expenditure ?
c) How sales book differ from cash book ?
d) Define different types of errors.
e) Discuss in detail benefits of accounting.
f) Define Assets and Liabilities.
g) Define trial balance.
h) What do you mean by concepts of accounting ?
i) How do you define conventions ?
j) Define Computer.
2 | M-75083 (S12)-653
SECTION-B
UNIT-I
2. What do you mean by accounting standards? Discuss in detail objectives, benefits and
brief review of Accounting Standards.
3. What do you mean by accounting? Discuss in detail nature, principles and scope of
accounting ? Who are users of accounting information ? What are the different forms of
business organisations.
UNIT-II
4. Journalise the following transactions of oxford for the month of September 2013, post
them to ledger.
Date Particulars Amount
September 3 Oxford started business with cash 5,00,000
September 4 Paid into bank 2,00,000
September 5 Bought goods for cash 1,00,000
September 6 Drew cash from bank for office 50,000
September 7 Sold goods to Krish on credit 50,000
September 8 Bought goods from Ravi on credit 75,000
September 9 Received cash from Krish 40,000
September 10 Paid cash to Ravi 40,000
September 10 Discount allowed by Ravi 1000
September 11 Cash sales for month 60,000
September 12 Paid rent 10,000
September 12 Paid salary to Kabir 5000
5. What do you mean by trial Balance? Discuss in detail various method of preparing trial
balance with the help of examples. Which errors can be traced by trial balance?
UNIT-III
6. Enter the following transactions in a appropriate Subsidiary Books of Ramesh for the
month of January 2009 :
Date Transactions Rs.
Jan.1 Sold goods to Ram 5,000
Jan. 5 Purchased goods from Hari Ram 2,000
Jan. 15 Returned goods to Hari Ram 500
Jan. 25 Ram Returned Goods 800
FirstRanker.com - FirstRanker's Choice
1 | M-75083 (S12)-653
Roll No. Total No. of Pages : 03
Total No. of Questions : 09
BBA/BBA(RD)/(Event Management/Service Industry Management)
(2018 Onwards) (Sem.?1)
BBA(SIM) (2018 Batch)
BASIC ACCOUNTING
Subject Code : BBA-102-18
M.Code : 75083
Time : 3 Hrs. Max. Marks : 60
INSTRUCTIONS TO CANDIDATES :
1. SECTION-A is COMPULSORY consisting of TEN questions carrying TWO marks
each.
2. SECTION-B consists of FOUR Sub-sections : Units-I, II, III & IV.
3. Each Sub-section contains TWO questions each, carrying TEN marks each.
4. Student has to attempt any ONE question from each Sub-section.
SECTION-A
1. Write briefly :
a) Explain three merits of double entry system.
b) What is the difference between expenses and expenditure ?
c) How sales book differ from cash book ?
d) Define different types of errors.
e) Discuss in detail benefits of accounting.
f) Define Assets and Liabilities.
g) Define trial balance.
h) What do you mean by concepts of accounting ?
i) How do you define conventions ?
j) Define Computer.
2 | M-75083 (S12)-653
SECTION-B
UNIT-I
2. What do you mean by accounting standards? Discuss in detail objectives, benefits and
brief review of Accounting Standards.
3. What do you mean by accounting? Discuss in detail nature, principles and scope of
accounting ? Who are users of accounting information ? What are the different forms of
business organisations.
UNIT-II
4. Journalise the following transactions of oxford for the month of September 2013, post
them to ledger.
Date Particulars Amount
September 3 Oxford started business with cash 5,00,000
September 4 Paid into bank 2,00,000
September 5 Bought goods for cash 1,00,000
September 6 Drew cash from bank for office 50,000
September 7 Sold goods to Krish on credit 50,000
September 8 Bought goods from Ravi on credit 75,000
September 9 Received cash from Krish 40,000
September 10 Paid cash to Ravi 40,000
September 10 Discount allowed by Ravi 1000
September 11 Cash sales for month 60,000
September 12 Paid rent 10,000
September 12 Paid salary to Kabir 5000
5. What do you mean by trial Balance? Discuss in detail various method of preparing trial
balance with the help of examples. Which errors can be traced by trial balance?
UNIT-III
6. Enter the following transactions in a appropriate Subsidiary Books of Ramesh for the
month of January 2009 :
Date Transactions Rs.
Jan.1 Sold goods to Ram 5,000
Jan. 5 Purchased goods from Hari Ram 2,000
Jan. 15 Returned goods to Hari Ram 500
Jan. 25 Ram Returned Goods 800
3 | M-75083 (S12)-653
7. Company A?s bank statement dated Dec. 31, 2011 shows a balance of Rs. 24,594.72. The
company?s cash records on the same date show a balance of Rs. 23,196.79. Following
additional information is available :
a). Following cheques issued by the company to its customers are still outstanding :
No. 846 issued on Nov. 29 Rs. 320.00
No. 875 issued on Dec. 26 Rs. 49.21
No. 878 issued on Dec. 29 Rs. 275.00
No. 881 issued on Dec. 31 Rs. 186.50
b) A deposit of Rs. 400.00 made on Dec. 31 does not appear on bank statement.
c) An NSF check of Rs. 850 was returned by the bank with the bank statement.
d) The bank charged Rs. 50 as service free.
e) Interest income earned on the company?s average cash balance at bank was
Rs. 1,237.22.
f) The bank collected a note receivable on behalf of the company. Amount received by
the bank on the note was Rs. 550. This includes Rs. 50 interest income. The bank
charged a collection fee of Rs. 10.
g) A deposit of Rs. 430 was incorrectly entered as Rs. 340 in the company?s cash
records.
Prepare a bank reconciliation statement using the above information.
UNIT-IV
8. Define computers. What are the different forms software used in different organizations ?
Discuss in detail objectives, advantages and disadvantages and applications of computers
in accounting.
9. ?Financial accounting is such accounting mechanism which helps in making aggregate
presentation of monetary transaction to arrive at the financial results of the business
enterprise?. Explain.
NOTE : Disclosure of identity by writing mobile number or making passing request on any
page of Answer sheet will lead to UMC against the Student.
FirstRanker.com - FirstRanker's Choice
This post was last modified on 01 April 2020