Download PTU BHMCT 2020 March 2nd Sem 14518 Accounts II Question Paper

Roll No. Total No. of Pages : 02

Total No. of Questions : 09

BHMCT (Sem.-2)

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ACCOUNTS – II

Subject Code: BH-106

M.Code : 14518

Time: 3 Hrs. Max. Marks : 30

INSTRUCTIONS TO CANDIDATES :

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1. SECTION-A is COMPULSORY consisting of TEN questions carrying ONE mark each.
2. SECTION-B contains FIVE questions carrying 2¹/₂ (Two and Half) marks each and students have to attempt any FOUR questions.
3. SECTION-C contains THREE questions carrying FIVE marks each and students have to attempt any TWO questions.

SECTION-A

1. Fill in the Blanks with an appropriate word/True/False :
   1. The closing balance of Machinery account will be shown on ............... side of Trial Balance.

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   2. Bad debts are adjusted by ............... from the Sundry Debtors account in the Balance sheet at year end.
   3. ............... expenses are shown on the asset side of the Balance sheet at the end of the year.
   4. Depreciation is the reduction in the value of a ............... asset and is treated as a ............... of the business.
   5. Payment of Life insurance premium of the proprietor by the business is treated as ............... in the business.
   6. All expenses are shown on the credit side of the Trading account.

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   7. Balance Sheet is made in an account form.
   8. Drawings account is added to Capital account in the Balance Sheet.
   9. Assets are things of value owned by an equity.
   10. Preliminary expenses are treated as Deferred Revenue expenditure of the business.

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SECTION-B

2. How and Why are Final accounts prepared?
3. Explain Direct and Indirect expenses and there treatment while preparing final accounts.
4. Differentiate between Revenue Expenditure and Capital expenditure, clearly bringing out there treatment while preparing Final accounts.
5. Distinguish between Trial Balance and Balance Sheet.

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6. Define the following terms:
   Asset, Liability, Expenses, and Incomes.

SECTION-C

7. What is Bank Reconciliation Statement? State the reasons of disagreement between the cash book bank balance and the pass book bank balance.
8. Is trial balance a conclusive proof of the accuracy of the books of accounts? What are the errors not disclosed by the trial balance.

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9. On 31^st March 2017, the following trial balance was extracted from the books of M/s Ruperder& Sons. Prepare the Income Statement and Balance Sheet.

Adjustments :

1. Closing Stock Rs 25000.
2. Rent prepaid amounted to Rs 5000.
3. Depreciate Plant and Machinery @ 5%

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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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