Download PTU BBA 2020 Dec 1st Sem 10540 Financial Accounting Question Paper

Download PTU ( I.K.Gujral Punjab Technical University (IKGPTU)) The Bachelor of Business Administration (BBA) 2020 December 1st Sem 10540 Financial Accounting Previous Question Paper

Roll No.
Total No. of Pages : 03
Total No. of Questions : 18
BBA (2014 to 2017)/ BRDM/B.SIM (2014 & Onwards)
(Sem.?1)
FINANCI AL ACCOUNTING
Subject Code : BBA-103
M.Code : 10540
Time : 3 Hrs. Max. Marks : 60
INST RUCT IONS T O CANDIDAT ES :
1 .
SECT ION-A is COMPULSORY cons is ting of TEN questions carrying TWO marks
each.
2 .
SECT IONS-B cons is ts of FOUR Sub-sec tions : U nits- I, II, III & IV.
3 .
Eac h Sub-section contains TWO questions each , carry in g T EN ma rks e ach .
4 .
Students have to atte mpt an y ONE ques tion from each Sub-section.
SECTION-A
Write briefly :
1.
What do you mean by Accounting?
2.
Define Journal.
3.
State the relevance of Trial Balance.
4.
What do you mean by Capital Expenditure?
5.
What is depreciation?
6.
State the function of P & L Account.
7.
Define Non profit organizations.
8.
State the items in income and expenditure accounts of Non Profit Organisations.
9.
State rules for Debit and Credit.
10. Define subsidiary books.
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SECTION-B
UNIT-I
11. Define Accounting. Explain the Accounting Concepts in detail.
12. Pass the Journal Entries of Ramesh for April, 2018.
I
Ramesh started business with cash
1,00,000
II
Paid into bank
20,000
III
Bought goods for cash
50,000
IV
Drew cash from bank for office use
10,000
V
Sold goods to Krishna on credit
15,000
VI
Bought goods from Shyam on credit
22,500
VII
Received from Krishna
12,500
Allowed him discount
500
VIII
Paid cash to Shyam
21,500
Discount received
1,000
IX
Krishna returned goods
2,000
X
Cash sales for the month
80,000
XI
Paid rent
5,000
XII
Paid Salary
10,000
UNIT-II
13. Write short notes on the following :
a) Revenue Expenditure and Deferred Revenue Expenditure.
b) Rectification of errors.
14. State the meaning and objectives of trial balance. Prepare a trial balance proforma by
taking hypothetical examples.
UNIT-III
15. Write a note on the following :
a) Depreciation
b) Manufacturing Account
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16. What do you mean by Financial statements? Explain trading, P & L A/c and Balance
sheet with the help of suitable examples.
UNIT-IV
17. Write short notes on the following :
a) Meaning and Accounting for Non Profit Organisations.
b) Items included in Receipts and Payment Accounts of Non-profit organizations.
18. What do you mean by Non Profit Organisations? Explain in detail the items to be put in
the Balance Sheet from Receipts and payment account of Non Profit Organisations.
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.
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