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Total No. of Pages : 03
Total No. of Questions : 18
BBA/BBA (RD)/(Event Management)/(Business Economics)(2018 Batch)/
(Service Industry Management) (2018 Onwards)
BASIC ACCOUNTING
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Subject Code : BBA-102-18
M.Code: 75083
(Sem.-1)
Time: 3 Hrs.
Max. Marks : 60
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INSTRUCTIONS TO CANDIDATES :
- SECTION-A is COMPULSORY consisting of TEN questions carrying TWO marks each.
- SECTION-B consists of FOUR Sub-sections: Units-I, II, III & IV.
- Each Sub-section contains TWO questions each, carrying TEN marks each.
- Students have to attempt any ONE question from each Sub-section.
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SECTION-A
Write briefly :
- Write a short note on book keeping.
- Explain briefly the limitations of Financial Accounting.
- State the rules of Debit and Credit as per the types of accounts.
- What do you mean by Subsidiary Books?
- What do you mean by Bank Reconciliation Statement?
- What is the function of Balance Sheet?
- State the main elements of Annual Report of a company.
- State the various accounting software packages.
- What is the function of Ledger Accounts?
- State the benefits of Accounting standards.
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1 | M-75083
(S12)-143
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SECTION-B
UNIT-I
- Explain the accounting conventions in detail. Also explain the limitations of Financial Accounting. (5,5)
- Write a detailed note on Accounting Standards followed in Indian context. (10)
UNIT-II
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- What do you mean by Accounting Process? Explain the above by taking any hypothetical example on your own. (4, 6)
- 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
- Write a note on the following concepts :
- Bank Reconciliation statement (5)
- WDV vs SLM methods of depreciation (5)
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- From the following balances, prepare Trading, P& L Account and Balance Sheet : (10)
| Machinery | 3,50,000 |
| Debtors | 2,70,000 |
| Wages | 90,000 |
| Sales | 9,50,000 |
| Purchases | 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
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UNIT-IV
- Write a detailed note on the following :
- Provisions of Cos. Act, 1956 in respect of preparing Final Accounts of a company.(7)
- Annual Report of a company. (3)
- What do you mean by computerised Accounting? State its relevance and application in Accounting. Also state the Accounting Software Packages. (2, 4, 4)
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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 download link is referred from the post: PTU BBA 3rd Semester Last 10 Years 2011-2021 Previous Question Papers|| Punjab Technical University
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