Download PTU BBA 2019 May 1st Semester 10540 FINANCIAL ACCOUNTING Question Paper

Download PTU (Punjab Technical University) BBA (Bachelor of Business Administration) 1st Semester 10540 FINANCIAL ACCOUNTING Last 10 Years 2020, 2019, 2018, 2017, 2016, 2015, 2014, 2013, 2012, 2011 and 2010 Previous Question Papers.

1 | M - 1 0 5 4 0 ( S 1 2 ) - 1 5 7 0
Roll No. Total No. of Pages : 03
Total No. of Questions : 09
BBA (2013 to 2017)/BRDM/B.SIM (2014 & Onwards)
(Sem.?1)
FINANCIAL ACCOUNTING
Subject Code : BBA-103
M.Code : 10540
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. Answer briefly :
a) Liabilities.
b) Revenue.
c) Money measurement concept.
d) Total Method.
e) Revenue expenditure.
f) Fictitious assets.
g) Implied adjustments.
h) Nonprofit organisation.
i) Receipt and payment account.
j) Honorarium.
SECTION-B
UNIT-I
2. Explain briefly various branches of account.
3. Differentiate between concept convention and principles.
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1 | M - 1 0 5 4 0 ( S 1 2 ) - 1 5 7 0
Roll No. Total No. of Pages : 03
Total No. of Questions : 09
BBA (2013 to 2017)/BRDM/B.SIM (2014 & Onwards)
(Sem.?1)
FINANCIAL ACCOUNTING
Subject Code : BBA-103
M.Code : 10540
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. Answer briefly :
a) Liabilities.
b) Revenue.
c) Money measurement concept.
d) Total Method.
e) Revenue expenditure.
f) Fictitious assets.
g) Implied adjustments.
h) Nonprofit organisation.
i) Receipt and payment account.
j) Honorarium.
SECTION-B
UNIT-I
2. Explain briefly various branches of account.
3. Differentiate between concept convention and principles.
2 | M - 1 0 5 4 0 ( S 1 2 ) - 1 5 7 0
UNIT-II
4. How would you rectify errors in accounting?
5. The total of the debt side of the trial balance of a large boot and shoes Repairing
company as at 31
st
December, 2009 is Rs.1,66,590 and that of the credit side is
Rs.42,470. After several checking and rechecking?s the following mistakes are
discovered :-
Name of account Correct figure (as it should be)
Figure as it appears in the trial
balance
Opening stock 14900 14800
Repairs 61780 617800 (but appear on the debit side)
Rent and Rates 2160 2400
Sundry creditors 6070 5900
Sundry debtors 8060 8310
Ascertain the correct total of the trial balance.

UNIT- III
6. What is capital? Explain different types of capital in detail.
7. On 31
st
Dec. 2012 the following trial balance was extracted from the books of Mr. A
Particulars Amount (Rs.) Dr. Particulars Amount (Rs.) Cr.
Sundry debtors 50,600 Sundry creditors 10,000
Bills receivables 5,000 Capital 70,000
Plant & Machinery 75,000 Bad debts provision 350
Purchases 90,000 Bills payables 5,000
Freehold premises 50,000 Reserves 20,000
Salaries 11,000 Sales 2,31,700
Wages 14,400
Postage & Stationary 750
Carriage inward 750
Carriage outwards 1,000
Bad debts 950
General changes 1,500
Bank 5,300
Cash 800
Opening stock 30,000
Total 3,37,500 Total 3,37,500
Prepare Trading and Profit & Loss account for the year ended 31
st
December, 2012 and a
balance Sheet as on that date after considering following adjustments :
1. Provide for Mr. A?s salary @ Rs.9,000 per annum.
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1 | M - 1 0 5 4 0 ( S 1 2 ) - 1 5 7 0
Roll No. Total No. of Pages : 03
Total No. of Questions : 09
BBA (2013 to 2017)/BRDM/B.SIM (2014 & Onwards)
(Sem.?1)
FINANCIAL ACCOUNTING
Subject Code : BBA-103
M.Code : 10540
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. Answer briefly :
a) Liabilities.
b) Revenue.
c) Money measurement concept.
d) Total Method.
e) Revenue expenditure.
f) Fictitious assets.
g) Implied adjustments.
h) Nonprofit organisation.
i) Receipt and payment account.
j) Honorarium.
SECTION-B
UNIT-I
2. Explain briefly various branches of account.
3. Differentiate between concept convention and principles.
2 | M - 1 0 5 4 0 ( S 1 2 ) - 1 5 7 0
UNIT-II
4. How would you rectify errors in accounting?
5. The total of the debt side of the trial balance of a large boot and shoes Repairing
company as at 31
st
December, 2009 is Rs.1,66,590 and that of the credit side is
Rs.42,470. After several checking and rechecking?s the following mistakes are
discovered :-
Name of account Correct figure (as it should be)
Figure as it appears in the trial
balance
Opening stock 14900 14800
Repairs 61780 617800 (but appear on the debit side)
Rent and Rates 2160 2400
Sundry creditors 6070 5900
Sundry debtors 8060 8310
Ascertain the correct total of the trial balance.

UNIT- III
6. What is capital? Explain different types of capital in detail.
7. On 31
st
Dec. 2012 the following trial balance was extracted from the books of Mr. A
Particulars Amount (Rs.) Dr. Particulars Amount (Rs.) Cr.
Sundry debtors 50,600 Sundry creditors 10,000
Bills receivables 5,000 Capital 70,000
Plant & Machinery 75,000 Bad debts provision 350
Purchases 90,000 Bills payables 5,000
Freehold premises 50,000 Reserves 20,000
Salaries 11,000 Sales 2,31,700
Wages 14,400
Postage & Stationary 750
Carriage inward 750
Carriage outwards 1,000
Bad debts 950
General changes 1,500
Bank 5,300
Cash 800
Opening stock 30,000
Total 3,37,500 Total 3,37,500
Prepare Trading and Profit & Loss account for the year ended 31
st
December, 2012 and a
balance Sheet as on that date after considering following adjustments :
1. Provide for Mr. A?s salary @ Rs.9,000 per annum.
3 | M - 1 0 5 4 0 ( S 1 2 ) - 1 5 7 0
2. Allow 5% interest on capital.
3. Adjust bad debts provision @ 2.5% on sundry debtors.
4. Closing stock was valued at Rs.31,000.
5. Depreciation on Plant & Machinery @ 20% and freehold premises @ 10 %.

UNIT-IV
8. Explain briefly the procedure of preparing income and expenditure account with
example.
9. Find out the expenses to be charged to income and expenditure account for the year
ended 31-3-07 :
Actual expenses paid 80000
Expenses outstanding opening 6000
Expenses due closing 2000
Prepaid expenses opening 1000
Prepaid expenses closing 4000








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page of Answer Sheet will lead to UMC against the Student.
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This post was last modified on 07 December 2019