Download PTU (I.K. Gujral Punjab Technical University Jalandhar (IKGPTU) B.Sc-Business-Economics (Bbe) 2020 March Previous Question Papers
Roll No. Total No. of Pages : 04
Total No. of Questions : 09
B.Sc Business Economics (BBE) (2015 to 2017) (Sem.?2)
FINANCIAL ACCOUNTING
Subject Code : BBE-204
M.Code : 72771
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
Q.1 Write short notes on the following :
a) Objective of accounting
b) Book of original entry
c) Types of errors in trial balance
d) Revenue expenditure
e) Trading & profit and loss account
f) Receipts & payment account
g) Provision & reserves
h) Subscription
i) Types of assets
j) Methods of depreciation
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1 | M - 7 2 7 7 1 ( S 1 2 ) - 1 9 3 5
Roll No. Total No. of Pages : 04
Total No. of Questions : 09
B.Sc Business Economics (BBE) (2015 to 2017) (Sem.?2)
FINANCIAL ACCOUNTING
Subject Code : BBE-204
M.Code : 72771
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
Q.1 Write short notes on the following :
a) Objective of accounting
b) Book of original entry
c) Types of errors in trial balance
d) Revenue expenditure
e) Trading & profit and loss account
f) Receipts & payment account
g) Provision & reserves
h) Subscription
i) Types of assets
j) Methods of depreciation
2 | M - 7 2 7 7 1 ( S 1 2 ) - 1 9 3 5
SECTION-B
UNIT-I
2. Briefly explain the various accounting concepts and conventions.
3. Journalize the following transactions :
Date 2017 Rs.
May 1 Ravi Commenced business with 42,000
May 3 Goods purchased for cash 18,400
May 6 Goods sold to Ramesh on credit 11,200
May 7 Brought goods from Ram 6,600
May 10 Cash received from Ramesh 7,200
May 12 Paid Ram on account 4,200
May 16 Goods sold to Rajive 7,500
May 20 Goods sold for cash 15,000
May 27 Amount paid to Ram 2,400
May 29 Cash received from Rajive 7,500
May 31 Paid rent in cash 900
May 31 Salary paid to office staff 1,400
UNIT-II
4. Explain errors of principle and give two examples with measures to rectify them.
5. From the following particulars of Asha & Co. prepare a bank reconciliation statement on
December 31, 2013.
a) Overdraft as per passbook Rs. 20,000
b) Interest on overdraft Rs. 2,000
c) Insurance Premium paid by the bank Rs. 200
d) Cheque issued but not presented for payment Rs. 6,500
e) Cheque deposited but not yet cleared Rs. 6,000
f) Wrongly debited by the bank Rs. 500
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1 | M - 7 2 7 7 1 ( S 1 2 ) - 1 9 3 5
Roll No. Total No. of Pages : 04
Total No. of Questions : 09
B.Sc Business Economics (BBE) (2015 to 2017) (Sem.?2)
FINANCIAL ACCOUNTING
Subject Code : BBE-204
M.Code : 72771
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
Q.1 Write short notes on the following :
a) Objective of accounting
b) Book of original entry
c) Types of errors in trial balance
d) Revenue expenditure
e) Trading & profit and loss account
f) Receipts & payment account
g) Provision & reserves
h) Subscription
i) Types of assets
j) Methods of depreciation
2 | M - 7 2 7 7 1 ( S 1 2 ) - 1 9 3 5
SECTION-B
UNIT-I
2. Briefly explain the various accounting concepts and conventions.
3. Journalize the following transactions :
Date 2017 Rs.
May 1 Ravi Commenced business with 42,000
May 3 Goods purchased for cash 18,400
May 6 Goods sold to Ramesh on credit 11,200
May 7 Brought goods from Ram 6,600
May 10 Cash received from Ramesh 7,200
May 12 Paid Ram on account 4,200
May 16 Goods sold to Rajive 7,500
May 20 Goods sold for cash 15,000
May 27 Amount paid to Ram 2,400
May 29 Cash received from Rajive 7,500
May 31 Paid rent in cash 900
May 31 Salary paid to office staff 1,400
UNIT-II
4. Explain errors of principle and give two examples with measures to rectify them.
5. From the following particulars of Asha & Co. prepare a bank reconciliation statement on
December 31, 2013.
a) Overdraft as per passbook Rs. 20,000
b) Interest on overdraft Rs. 2,000
c) Insurance Premium paid by the bank Rs. 200
d) Cheque issued but not presented for payment Rs. 6,500
e) Cheque deposited but not yet cleared Rs. 6,000
f) Wrongly debited by the bank Rs. 500
3 | M - 7 2 7 7 1 ( S 1 2 ) - 1 9 3 5
UNIT-III
6. Explain the concept of depreciation. What is the need for charging depreciation and what
are the causes of depreciation?
7. From the following particulars of Mrs. Raman & Co., you are required to prepare
Trading, Profit and Loss Account and Balance Sheet for the year ended 31
st
Dec. 2003 :
Rs. Rs.
Sales 65,000 Discount Allowed 100
Sales Return 500 Discount Received 500
Stock at the beginning 8,000 Salaries 3,000
Purchases 29,000 Interest paid 400
Purchases Return 300 Furniture 3,000
Direct Wages 5,000 Buildings 20,000
Direct Expenses 5,000 Plant and Machinery 20,000
Carriage Inwards 4,000 Cash in Hand 1,000
Capital at the beginning 30,000 Bills Payable 6,200
Drawings 5,000 Reserve for Bad and doubtful Debts 500
Sundry Debtors 10,000 Bad Debts 300
Sundry Creditors 12,000 Closing Stock at the end 8,000
Additional Information
a) Outstanding Salaries Rs. 500
b) Interest on Capital at 10% P.A.
c) Depreciation in Plant and Machinery at 10% P.A. and Buildings at 5% P.A.
d) Prepaid of Interest Rs. 100
e) Provision for Bad and Doubtful Debts at10% on Debtors.
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1 | M - 7 2 7 7 1 ( S 1 2 ) - 1 9 3 5
Roll No. Total No. of Pages : 04
Total No. of Questions : 09
B.Sc Business Economics (BBE) (2015 to 2017) (Sem.?2)
FINANCIAL ACCOUNTING
Subject Code : BBE-204
M.Code : 72771
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
Q.1 Write short notes on the following :
a) Objective of accounting
b) Book of original entry
c) Types of errors in trial balance
d) Revenue expenditure
e) Trading & profit and loss account
f) Receipts & payment account
g) Provision & reserves
h) Subscription
i) Types of assets
j) Methods of depreciation
2 | M - 7 2 7 7 1 ( S 1 2 ) - 1 9 3 5
SECTION-B
UNIT-I
2. Briefly explain the various accounting concepts and conventions.
3. Journalize the following transactions :
Date 2017 Rs.
May 1 Ravi Commenced business with 42,000
May 3 Goods purchased for cash 18,400
May 6 Goods sold to Ramesh on credit 11,200
May 7 Brought goods from Ram 6,600
May 10 Cash received from Ramesh 7,200
May 12 Paid Ram on account 4,200
May 16 Goods sold to Rajive 7,500
May 20 Goods sold for cash 15,000
May 27 Amount paid to Ram 2,400
May 29 Cash received from Rajive 7,500
May 31 Paid rent in cash 900
May 31 Salary paid to office staff 1,400
UNIT-II
4. Explain errors of principle and give two examples with measures to rectify them.
5. From the following particulars of Asha & Co. prepare a bank reconciliation statement on
December 31, 2013.
a) Overdraft as per passbook Rs. 20,000
b) Interest on overdraft Rs. 2,000
c) Insurance Premium paid by the bank Rs. 200
d) Cheque issued but not presented for payment Rs. 6,500
e) Cheque deposited but not yet cleared Rs. 6,000
f) Wrongly debited by the bank Rs. 500
3 | M - 7 2 7 7 1 ( S 1 2 ) - 1 9 3 5
UNIT-III
6. Explain the concept of depreciation. What is the need for charging depreciation and what
are the causes of depreciation?
7. From the following particulars of Mrs. Raman & Co., you are required to prepare
Trading, Profit and Loss Account and Balance Sheet for the year ended 31
st
Dec. 2003 :
Rs. Rs.
Sales 65,000 Discount Allowed 100
Sales Return 500 Discount Received 500
Stock at the beginning 8,000 Salaries 3,000
Purchases 29,000 Interest paid 400
Purchases Return 300 Furniture 3,000
Direct Wages 5,000 Buildings 20,000
Direct Expenses 5,000 Plant and Machinery 20,000
Carriage Inwards 4,000 Cash in Hand 1,000
Capital at the beginning 30,000 Bills Payable 6,200
Drawings 5,000 Reserve for Bad and doubtful Debts 500
Sundry Debtors 10,000 Bad Debts 300
Sundry Creditors 12,000 Closing Stock at the end 8,000
Additional Information
a) Outstanding Salaries Rs. 500
b) Interest on Capital at 10% P.A.
c) Depreciation in Plant and Machinery at 10% P.A. and Buildings at 5% P.A.
d) Prepaid of Interest Rs. 100
e) Provision for Bad and Doubtful Debts at10% on Debtors.
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UNIT-IV
8. Describe in brief the steps taken to prepare Income and Expenditure Account.
9. From the following particulars relating to Golden Point Club, prepare a Receipts and
Payments account for the year ending 31
st
March, 2002.
Sale of old sports materials 1,200
Rs. Donation received for pavilion 4,600
Opening cash balance 1,000 Rend paid 3,000
Opening bank balance 7,200 Sports materials purchased 4,800
Subscriptions collected for : Purchase of refreshments 600
1999 Rs. 500 Expenses for maintenance of
tennis court
2,000
2000 Rs. 7,600 Salary paid 2,500
2001 Rs. 900 9,000 Tournament expenses 2,400
Furniture purchased 1,500
Office expenses 1,200
Sale of refreshments 1,000 Closing cash in hand 400
Entrance fees received 1,000
NOTE : Disclosure of Identity by writing Mobile No. or Making of passing request on any
page of Answer Sheet will lead to UMC against the Student.
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This post was last modified on 02 April 2020