Alagappa University Auditing B.Com Previous Exams Question Papers : alagappauniversity.ac.in

Name of the University : Alagappa University
Degree : B.Com
Department : Commerce
Subject Code/Name : Auditing
Year : III
Semester : V
Document Type : Model Question Paper /Previous Exams Question Papers
Website : alagappauniversity.ac.in

Download Model/Sample Question Paper : NOV.2010 : https://www.pdfquestion.in/uploads/alagappauniversity.ac.in/3938.-B.COM%20CBCS.pdf

Alagappa University Commerce Previous Question Paper

Time : 3 Hours
Maximum : 75 Marks
Part – A :

Related / Similar Question Paper :
Alagappa University B.Com Advanced of Accountancy Question Paper

Auditing

1. Define – Auditing.
2. What is Partnership firm-
3. What is Audit Programme-
4. What is meant by Internal Check-
5. What is meant by Routine Checking-
6. What is voucher-
7. What is Audit Report-
8. What is valuation of Assets-
9. What are types of liabilities of an Auditors-
10. What is meant by Criminal Liability-
11 a. Explain the various types of Audit.
12 a. Explain the essentials of a Good Audit Programme.
13 a. Explain the importance of voucher.
14 a. Explain the classification of Assets.
15 a. Give short notes on Liability to third party. (Or)
b. Distinguish between Civil and Criminal Liabilities of an auditor.

Part – C : (3 × 10 = 30)
Answer any three questions
16. Explain the qualities of an Auditor.
17. Describe the advantages and disadvantages of an Audit Programme.
18. Explain the Auditor’s duties in vouching.
19. Explain the object of verification of assets.
20. Examine the liabilities of negligence under the law of agency.

Advanced Accountancy — I

Part A :
1. Differentiate Journal with Ledger.
2. What are the accounting concepts –
3. What is suspense account – When is it opened –
4. Why Bank Reconciliation Statement is prepared –
5. What is the necessity for providing depreciation –
6. What is meant by balancing of an account –
7. What do you mean by subscription received in advance –
8. Show how life membership fees appears in final accounts.
9. What is Average Clause –
10. How would you ascertain loss of stock in the event of fire accured –

Section B : (5 × 5 = 25)
Answer all questions.
11. (a) What are the objectives of Accounting ? (Or)
(b) From the following balances of accounts, prepare a Trial Balance :
Capital account Rs. 40,000 ; Buildings account Rs. 6,000 ; Bank account Rs. 4,000 ; Interest paid account Rs. 350 ; B/R account Rs. 8,000 ; Debtors account Rs. 30,000 ; B/P account Rs. 15,000; Furniture account Rs. 65,000 ; Discount received Rs. 1,200 ; Discount allowed Rs.2,100 ; Machineries Rs. 8,000 ; Creditors account Rs. 7,850.

12. (a) Explain the various methods of rectification of errors. (Or)
(b) From the following particulars prepare a Bank Reconciliation statement as on 31. 3. 10 :
(i) Overdraft balance as per pass book Rs. 8,000.
(ii) Cheques issued but not encashed Rs. 3,100
(iii) Cheques deposited into bank but yet collected Rs.1,800
(iv) The debit of Rs. 950 in pass book for interested is not entered in cash book.
(v) Rs.1,750 paid into bank by a customer directly is not entered in the cash book.
(vi) Dividend collected by the bank Rs. 500.

13. (a) Compare straight line method of depreciation with diminishing balance method of depreciation. (Or)
(b) On 1st April 2008 Sudha and Company purchased a machinery for Rs. 64,000 to install the machinery expenses incurred Rs. 28,000. Depreciate machinery 10% p.a under straight line method. On 30th June 2010 the worn out machinery was sold for Rs. 52,000. The books are closed on 31st December every year. Prepare Journal entries. Also show Machinery account, Depreciation account for three years.

14. (a) Distinguish between a Income and Expenditure account and a Profit and Loss account. (Or)
(b) From the following find how much is to be shown in Income and Expenditure account for the year ending 31.12.2009 for subscription. Subscription received during the year as per Rs. receipts and payments account 28,680 Subscription outstanding on 1.1.2009 2,400 Subscription outstanding on 31.12.2009 3,000 Subscription received in advance on 1.1.2009 1,800 Subscription received in advance on 31.12.2009 1,080

15. (a) A fire occurred on 3.11.2009 in the shop of Raja From the following, calculate the Claim amount : Rs. Stock on 1.1.2009 8,500 Purchases up to the date of fire 85,000 Sales upto the date of fire 1,00,000 Rs. Wages upto the date of fire 8,500 Stock salvaged 2,000 G.P. ratio Rs.25% on sales
(b) How the actual claim is computed under Loss of stock policy ?