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

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Total No. of Pages : 03

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Total No. of Questions : 18

BBA (2014 to 2017)/ BRDM/B.SIM (2014 & Onwards)

(Sem.-1)

FINANCIAL ACCOUNTING

Subject Code: BBA-103

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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.

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2. SECTIONS-B consists of FOUR Sub-sections: Units-I, II, III & IV.
3. Each Sub-section contains TWO questions each, carrying TEN marks each.
4. Students have to attempt any ONE question from each Sub-section.

SECTION-A

Write briefly :

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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?

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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

1. Define Accounting. Explain the Accounting Concepts in detail.
2. Pass the Journal Entries of Ramesh for April, 2018.
   1. Ramesh started business with cash 1,00,000
   2. Paid into bank 20,000

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   3. Bought goods for cash 50,000
   4. Drew cash from bank for office use 10,000
   5. Sold goods to Krishna on credit 15,000
   6. Bought goods from Shyam on credit 22,500
   7. Received from Krishna 12,500 Allowed him discount 500

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   8. Paid cash to Shyam 21,500 Discount received 1,000
   9. Krishna returned goods 2,000
   10. Cash sales for the month 80,000
   11. Paid rent 5,000
   12. Paid Salary 10,000

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3. Write short notes on the following :
   1. Revenue Expenditure and Deferred Revenue Expenditure.
   2. Rectification of errors.

UNIT-II

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1. State the meaning and objectives of trial balance. Prepare a trial balance proforma by taking hypothetical examples.
2. Write a note on the following :
   1. Depreciation
   2. Manufacturing Account

UNIT-III

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1. What do you mean by Financial statements? Explain trading, P & L A/c and Balance sheet with the help of suitable examples.

UNIT-IV

1. Write short notes on the following :
   1. Meaning and Accounting for Non-Profit Organisations.
   2. Items included in Receipts and Payment Accounts of Non-profit organizations.

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2. 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.