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    BC - 01

    Uploaded by

    Nyashah Felix
    The document contains questions from a past year Business Commerce examination paper. It has three sections - very short answer questions worth 2 marks each, short answer questions worth 10 marks each and long answer questions worth 20 marks each. The questions cover various accounting concepts like suspense account, secret reserve, accrual concept, outstanding expenses, joint venture, provision for discount etc.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    BC - 01

    Uploaded by

    Nyashah Felix
    22 views5 pages
    The document contains questions from a past year Business Commerce examination paper. It has three sections - very short answer questions worth 2 marks each, short answer questions worth 10 marks each and long answer questions worth 20 marks each. The questions cover various accounting concepts like suspense account, secret reserve, accrual concept, outstanding expenses, joint venture, provision for discount etc.

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    © © All Rights Reserved

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    The document contains questions from a past year Business Commerce examination paper. It has three sections - very short answer questions worth 2 marks each, short answer questions worth 10 marks each and long answer questions worth 20 marks each. The questions cover various accounting concepts like suspense account, secret reserve, accrual concept, outstanding expenses, joint venture, provision for discount etc.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    22 views5 pages

    BC - 01

    Uploaded by

    Nyashah Felix
    The document contains questions from a past year Business Commerce examination paper. It has three sections - very short answer questions worth 2 marks each, short answer questions worth 10 marks each and long answer questions worth 20 marks each. The questions cover various accounting concepts like suspense account, secret reserve, accrual concept, outstanding expenses, joint venture, provision for discount etc.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 5

    057

    BC - 01
    December - Examination 2015
    B. Com. I year Examination
    Financial Accounting
    Paper - BC - 01
    Time : 3 Hours ] [ Max. Marks :- 100

    Section - A 10 x 2 = 20
    (Very Short Answer Questions)
    Note: Answer all questions. As per the nature of the question
    delimit your answer in one word, one sentence or maximum
    upto 30 words. Each question carries 2 marks.
    (IÊS> - A)
    (A{V bKw CÎmar¶ àíZ)
    ZmoQ> : g^r àíZm| Ho$ CÎma Xr{OE& Amn AnZo CÎma H$mo àíZmZwgma EH$ eãX,
    EH$ dm³¶ ¶m A{YH$V‘ 30 eãXm| ‘| n[agr{‘V H$s{OE& à˶oH$ àíZ
    2 A§H$ H$m h¡&

    1) (i) Who are the users of Accounting information?


    boIm§H$Z gyMZmAm| Ho$ à¶moJH$Vm© H$m¡Z h¢?
    (ii) Differentiate between sales book and sales account.
    {dH«$¶ ~hr Ed§ {dH«$¶ ImVm ‘| A§Va ~VmB¶o&
    (iii) State the difference between trial Balance and Balance Sheet.
    VbnQ> VWm {MÆ>o ‘| A§Va ~VmB¶o&

    BC - 01 / 400 / 5 (1) (P.T.O.)


    057

    (iv) What do you mean by compensating error?


    j{VnyaH$ Aew{Õ go Amn ³¶m g‘PVo h¢?
    (v) What is Depreciation? õmg {H$go H$hVo h¢?
    (vi) How will you show the interest on capital in final accounts?
    ny§Or na ã¶mO H$mo Amn A§{V‘ ImVm| ‘| H¡$go {XIm¶|Jo?
    (vii) Explain “Cash in transit” ""‘mJ© ‘| amoH$‹S>'' H$mo g‘PmB¶o&
    (viii) What is sectional balancing ledger?
    dJu¶ g§VwbZ ImVm ~hr ³¶m h¡?
    (ix) Which commission is allowed to consignee for bearing the
    risk of debt realisation?
    à{V{ZYr H$mo CYma {dH«$¶ H$s Omo{I‘ Ho$ ~Xbo {X¶m OmZodmbm
    H$‘reZ H$m¡Zgm h¡?
    (x) Name the methods of joint venture account.
    g§¶w³V gmhg ImVo H$s {d{Y¶m| Ho$ Zm‘ ~VmB¶o&

    Section - B 4 x 10 = 40
    (Short Answer Questions)
    Note: Answer any four questions. Each answer should not exceed
    200 words. Each question carries 10 marks.
    (IÊS> - ~)
    (bKw CÎmar¶ àíZ)
    ZmoQ> : {H$Ýht Mma àíZm| Ho$ CÎma Xr{OE& Amn AnZo CÎma H$mo A{YH$V‘ 200
    eãXm| ‘| n[agr{‘V H$s{OE& à˶oH$ àíZ 10 A§H$ H$m h¡&

    BC - 01 / 400 / 5 (2) (Contd.)


    057
    2) What is a suspense account? When it is opened and how it is
    closed?
    CMÝVr ImVm ³¶m h¡? ¶h H$~ Imobm OmVm h¡ Am¡a {H$g àH$ma ~§X
    {H$¶m OmVm h¡?
    3) What do you understand by secret reserve? How it is created?
    Jwá g§M¶ go Amn ³¶m g‘PVo h¢? ¶h H¡$go ~Zm¶m OmVm h¡?
    4) What do you mean by Accrual Concept? Explain with example.
    Cnm{O©V AdYmaUm go Amn ³¶m g‘PVo h¢? CXmhaUg{hV g‘PmB¶o&
    5) What do you mean by outstanding expenses? What journal
    entry is made for such expenses?
    AXÎm춶m| go Amn ³¶m g‘PVo h¢? Eogo 춶m| Ho$ {b¶o ³¶m OZ©b à{d{ï>
    H$s OmVr h¡?
    6) Differentiate: AÝVa ~VmB¶o:
    (i) Between consignment and sales (àofU Ed§ {dH«$¶ ‘|)
    (ii) Between Normal loss and Abnormal loss
    (gm‘mݶ hm{Z Ed§ Agm‘mݶ hm{Z ‘|)
    7) Give the characteristics of joint venture.
    g§¶w³V gmhg H$s {deofVmE| ~VmB¶o&
    8) What is meant by provision for discount on Debtors? Give
    journal entry for this?
    XoZXmam| na ~Å>o Ho$ {b¶o Am¶moOZ go Amn ³¶m g‘PVo h¢? BgHo$ {b¶o
    OZ©b à{d{ï> Xr{OE&

    BC - 01 / 400 / 5 (3) (P.T.O.)


    057
    9) Explain the error of principle with example.
    g¡ÕmpÝVH$ Aew{Õ H$mo CXmhaUg{hV g‘PmB¶|&

    Section - C 2 x 20 = 40
    (Long Answer Questions)
    Note: Answer any two questions. You have to delimit your answer
    maximum upto 500 words. Each question carries 20 marks.
    (IÊS> - g)
    (XrK© CÎmar¶ àíZ)
    ZmoQ> : {H$Ýhr Xmo àíZm| Ho$ CÎma Xr{OE& AmnH$mo AnZo CÎma H$mo A{YH$V‘
    500 eãXm| ‘| n[agr{‘V H$aZm h¡& à˶oH$ àíZ 20 A§H$m| H$m h¡&

    10) Why depreciation is provided? Explain methods of recording


    depreciation.
    õmg ³¶m| bJm¶m OmVm h¡? õmg H$m boIm H$aZo H$s {d{Y¶m| H$m dU©Z
    H$s{OE&
    11) What is self balancing system of ledgers? Give its working and
    state as how it differs from sectional balancing system.
    ImVm ~{h¶m| H$s ñdH$s¶ g§VwbZ àUmbr ³¶m h¡? BgH$s H$m¶© àUmbr
    Xr{OE VWm ¶h ~VmB¶| {H$ dJu¶ g§VwbZ àUmbr go ¶h {H$g àH$ma {^Þ
    h¡?
    12) From the following trial balance of Dheeraj of sons prepare
    trading a/c, P and L a/c and Balance Sheet for the year
    ending 31st March 2015:-
    YraO EÊS> gÝg Ho$ {ZåZ{b{IV VbnQ> go 31 ‘mM© 2015 H$mo g‘má
    hmoZodmbo df© Ho$ {b¶o ì¶mnmaImVm, bm^ hm{Z ImVm Ed§ {MÅ>m ~ZmB¶o:
    BC - 01 / 400 / 5 (4) (Contd.)
    057

    Dr Cr
    Amount Amount
    Rs. Rs.
    Capital – 20,000
    Cash 3,000 –
    Purchases and Sales 24,000 30,000
    Goods returned 2,000 3,700
    Salaries 6,000 –
    Debtors and Creditors 11,000 10,000
    Commission – 1,000
    Investments 8,000 –
    Stock on 1-4-2014 8,000 –
    Drawings 800 –
    Furniture 1,200 –
    Bills 6,000 5,300
    70,000 70,000
    Stock on 31-3-2015 was Rs.9000.
    31 ‘mM© 2015 H$mo ñQ>m°H$ 9000 é. Wm&
    13) Write short notes on the following:
    {ZåZ{b{IV na {Q>ßnUr {b{I¶o&
    (i) Goods in Transit (‘mJ© ‘| ‘mb)
    (ii) Inter Branch Transaction (A§V: emIm ì¶dhma)
    (iii) Depreciation on Branch Fixed Assets
    emIm ñWm¶r g§n{Îm¶m| na ‘yë¶ õmg
    (iv) Exchange fluctuation reserve account.
    {d{Z‘¶ CVma MT>md g§M¶ ImVm.

    BC - 01 / 400 / 5 (5)

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