University : Teerthanker Mahaveer University
College : Teerthanker Mahaveer College of Management And Computer Applications
Degree : BBA/ B.Com
Subject : BBA104/ BCH102 Fundamentals of Accounting
Semester : I
Document Type : Question Paper
Website : tmu.ac.in
Download Previous/ Old Question Papers : https://www.pdfquestion.in/uploads/tmu.ac.in/5717-oldquestionbba201011.pdf
TMU Fundamentals of Accounting Question Paper
BBA/B.Com. Hons I SEMESTER EXAMINATION
Course Code : BBA104/BCH102
Paper ID: 0111111
Related : Teerthanker Mahaveer Medical College & Research Centre BBA102/ BCH103 Quantitative Techniques-I BBA/ B.Com Question Paper : www.pdfquestion.in/5715.html
Time : 3 Hours
Max. Marks: 75
May 2010-11
Note : Attempt six questions in all. Q. No. 1 is compulsory.
1. Answer any five of the following (limit your answer in 50 words)
(3×5=15)
a) Define financial accounting.
b) State the persons who are interested in accounting information.
c) What is an opening entry-
d) What do you mean by imprest system of Petty Cash Book-
e) Why is depreciation provided in the books-
f) What do you mean by ‘Accrued and Unearned Income’-
g) What are the various kinds of errors-
h) Give a specimen with three entries of a Bill Receivable Book.
2. What do you mean by accounting concepts and conventions- Discuss matching cost and dual aspects with suitable illustrations. (12)
3. Explain journal and ledger. Which of these is more important and why- (12)
4. ‘Trial Balance is not a conclusive proof of the accuracy of the books of accounts.’ Explain this statement and explain the errors which are not disclosed inspite of the agreement of trial balance. (12)
5. Following are the extracts from the Trial Balance of Ramakant and Brothers. (12) Trial Balance As on 31st March, 2010Dr. Cr.Sundry debtors 60,000 Provision for doubtful debts 6,000Bad Debts 3,000Additional information
i) Additional bad debts Rs.1,000ii) Keep the provision for bad debts AT 5% on debtors. You are required to pass journal entries and prepare provision for doubtful debts account and show how the different items will appear in the firm’s final accounts.
6. A machinery was purchased by Prem Ltd. For Rs. 3,50,000 on 1st July, 2006. The machinery is depreciated AT 15% p.a. on Straight Line Method. The machinery was sold on 1st Oct., 2008 for Rs. 1,80,000. You are required to prepare machinery account, if the books are closed on 31st March every year. (12)
7. What is Reserve- What is their importance- What are the differences between Reserves and provisions- (12)
8. Explain the reasons on account of which the balance as shown by the Pass Book does not agree with the balances as shown by the bank column of Cash Book. (12)
May 2014-15
BBA/B.Com (Hons) I Semester Examination :
Course Code : BBA104/BCH102
Paper ID : 0501204
Time : 3 Hours
Max. Marks : 70
Note : Attempt six questions in all. Q. No. 1 is compulsory.
1. Answer any five of the following (limit your answer in 50 words). (4×5=20)
a) Distinguish between Book-keeping and Accountancy.
b) State the persons who are interested in accounting information.
c) Limitations of Accounting.
d) Give the definition of Journal with its format.
e) What are the rules of posting in Ledger?
f) State only the names of various four methods of charging depreciation and explain the calculation of depreciation under Straight Line Method.
g) Differentiate between Provision and Reserve.
h) Write the errors which are not disclosed even when Trial Balance agrees.
2. Discuss briefly the basic accounting concepts and conventions. (10)
3. What are subsidiary books? Describe those subsidiary books which are mostly used in business. (10)
4. The accounting year of Mr. Saras ends on 31st March,2014, but actual stock is taken on 10th April,2014 when it is ascertained at ` 54,000. You are informed that
a) Sales between 31st March,2014 and 10th April,2014 are `3,000.
b) Purchases between 31st March,2014 and 10th April,2014 are `1,400.
c) Sales returns between 31st March, 2014 and 10th April,2014 are ` 200.
d) Purchases returns between 31st March, 2014 and 10th April, 2014 are ` 60.
e) All sales are made at 25% gross profit on cost.
You are required to calculate the value of stock at cost as on 31st March,2014. (10)
5. What do you understand by Reserve? Name the different kinds of reserve and explain why and how they are created. (10)
6. What do you understand by Rectification of Errors? Explain clearly one-sided and two-sided errors and their rectification. (10)
7. On 31st December,2013 the Cash Book of Akshay Kumar showed a Debit balance of Rs. 790 which did not agree with the balance shown by the Pass Book. From the following particulars, ascertain the balance as per Pass Book
a) Cheques paid in but not yet credited by Bank ` 215
b) Cheques issued but not yet presented for payment ` 255
c) Bank charges debited by the Bank but not yet entered in the Cash Book ` 5
d) Interest charged by the Bank but not entered in the Cash Book ` 10
e) Amount collected by the Bank as dividend not entered in the Cash Book `150