Download PTU ( I.K.Gujral Punjab Technical University (IKGPTU)) The Bachelor of Business Administration (BBA) 2020 December 1st Sem 75083 Basic Accounting Previous Question Paper
Roll No.
Total No. of Pages : 03
Total No. of Questions : 18
BBA/BBA (RD)/(Event Management)/(Business Economics)(2018 Batch)/
(Service Industry Management) (2018 Onwards) (Sem. ?1)
BASIC ACCOUNTING
Subject Code : BBA-102 -18
M.Code : 75083
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 ION-B cons ists of F OUR Sub-sec tions : Un its-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.
Write a short note on book keeping.
2.
Explain briefly the limitations of Financial Accounting.
3.
State the rules of Debit and Credit as per the types of accounts.
4.
What do you mean by Subsidiary Books?
5.
What do you mean by Bank Reconciliation Statement?
6.
What is the function of Balance Sheet?
7.
State the main elements of Annual Report of a company.
8.
State the various accounting software packages.
9.
What is the function of Ledger Accounts?
10. State the benefits of Accounting standards.
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SECTION-B
UNIT-I
11. Explain the accounting conventions in detail. Also explain the limitations of Financial
Accounting.
(5, 5)
12. Write a detailed note on Accounting Standards followed in Indian context.
(10)
UNIT-II
13. What do you mean by Accounting Process? Explain the above by taking any hypothetical
example on your own.
(4, 6)
14. Prepare Trial Balance from the following information :
(10)
Account
Rs.
Account
Rs.
Building
3,00,000 Creditors
2,50,000
Machinery
85,000 Purchases
5,00,000
Return Outward
13,000 Capital
3,68,000
Bad Debts
14,000 Furniture
28,000
Cash
2,000 Sales
5,20,000
Discount Received
15,000 Debtors
3,00,000
Bank O/d
50,000 Interest Received
13,000
UNIT-III
15. Write a note on the following concepts :
a) Bank Reconciliation statement
(5)
b) WDV vs SLM methods of depreciation
(5)
16. From the following balances, prepare Trading, P& L Account and Balance Sheet :
Machinery
3,50,000
Debtors
2,70,000
Drawings
90,000
Purchases
9,50,000
Wages
5,00,000
Bank
1,50,000
Opening Stock
2,00,000
Rent
45,000
Sundry Expenses
20,000
Carriage (Dr.)
15,000
Capital
10,00,000
Creditors
1,40,000
Sales
14,50,000
Stock was valued at Rs. 30,000
(10)
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UNIT-IV
17. Write a detailed note on the following :
a) Provisions of Cos. Act, 1956 in respect of preparing Final Accounts of a company.(7)
b) Annual Report of a company.
(3)
18. What do you mean by computerised Accounting? State its relevance and application in
Accounting. Also state the Accounting Software Packages.
(2, 4, 4)
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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This post was last modified on 15 February 2021