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10Paper12FundamentalsAccountancyFebMar2024

This document outlines the examination structure for the Semester B.B.A. Examination in February/March 2024, specifically for the Fundamentals of Accountancy paper. It includes various sections with questions on accounting principles, cash books, trial balances, and financial statements. The exam consists of multiple-choice questions, short answer questions, and longer essay-type questions, with a total of 60 marks available.

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hypertaker04
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6 views4 pages

10Paper12FundamentalsAccountancyFebMar2024

This document outlines the examination structure for the Semester B.B.A. Examination in February/March 2024, specifically for the Fundamentals of Accountancy paper. It includes various sections with questions on accounting principles, cash books, trial balances, and financial statements. The exam consists of multiple-choice questions, short answer questions, and longer essay-type questions, with a total of 60 marks available.

Uploaded by

hypertaker04
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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I ltililll lffi lll lllll lllll llll llll NP - 363

l0
I Semester B.B.A. Examination, February/March 2A24
(NEP) (F+R)
BUSIN ESS ADMINISTRATION
Paper - 1.2: Fundamentals of Accountancy

Time :2/z Hours Max' Marks : 60

lnstruction : Answer should be written in English only.


SECTION _ A

1. Answer any slx sub-questions. Each sub-question carries two marks. (6x2=12)
a) State any two objectives of Accounting' /r'v

b) What do you rnean bY,"lournal ?


c) What is simPle cash book ?
ii{
rl: | -t
cl) What is Debit Note ? ,.9
e) Give the n:eaning of prepaid expenses'
g?ffie
f) What do yau meaR by Double Entry System ?

g) Write the meaning of Balance Sheet'


h) What is Net Profit ?
SECTION - B

(3x4=12)
Answer any three questions. Eaeh question carries four marks'
2. Explain Accounting cYcle.
3. Explain different typ8s of cash book.
4.. prepare personal account of Mr. Thomson frorn the following transactions.
2A23
March 1 Debit balance of Thslmson accourlt T 1,60,000
4 Bought goods from Thomson { 30,CI00
2A22
ttlarch 7 Goods worth { 45,CICIO sold to him
13 Paid to Thomson { 36,000
17 Returned goods to him { 3,600
26 Thonnson sold gorids to us worth { 40,000 p.r.o.

I
NP - 363 -2- Iffiil]ill][ililIililililtil

5. Enter the following transactions in the purchase book.


2023 Aug. 1 Purchased from Avinash, Mumbai200 bags of Dalatt 1,000 per
bag.
2023 Aug. 11 Purchased from Shankar, Shimoga 300 bags of wheat at t 400
per bag.
2023 Aug. 17 Purchased from Bharath, Bangalore 100 bags of rice at T 3,000
per bag.
2023 Aug. 27 Purchased from Madhu, ft/ysore 1000 bags of rice at { 2,800
per bag.
6. The following balances have been extracted from the books of M/S Jayanthi Pvt.
Ltd. Hyderabad on March 2023. You are required to draw out a Trial Balance.
Particulars
Capital 11,60,000 Fure hrases 2,25,040
Cash in hand 1,20,000 Ml$ Kirarr A/c (Dr.) 3,00,000
Udaya (Cr.) 80,000 General ffixpenses 75,000
Furniture 1,00,000 l-and and Building 12,55,000
Stock 70,000 Return lnwarcis 25,000
Drawings 50,000 Advertisement 60,000
Commission Received 13,000 Saiaries 35,000
Discount (Cr.) 2,000
SECTION _ C
Answer any three questions. Each question carries twelve marks. (3x12=36)
7. Explain objectives and functions of Accounting.
8. Enter the following tftansactions in a three column cash book.
2023 March 1- Balance of cash T 2,90,000 and bank balance T 1,15,000
4 Sold goods forlcash t 5O,OOO
8 Purchased goods from Bhavya for cash t 80,000
10 Cash paid into bank < 60,000
14 Paid office rent by cheque { 60,000
16 Received { 30,000 from Chitra and allowed discount of
T 1,000
19 Cash withdrawn for personal use t 20,000
21 Cash paid to Raj t 12,800 and discount received t'700
23 Sold goods to Abhi for cash t 30,000
27 Paid salary by cheque { 9,000
t
1ilililililtililtililililililt -3- NP -'363
9. FromthefollowingTrial Balanceof atraderon3l'tMarch 2O2A.prepareTrading
and Profit and Loss Account for the year ended 31-3-2023 and Balance Sheet
as on that date.

Particulars Debit (t) Particulars eredlt i{}


Cash in hand 1,200 Capital 60,CICICI

Purchases 1,00,000 4/" Bankloan 20,000

Opening stock 35,000 Bills payable 20,00CI

Sundry Debtors 50,000 Sundry creditors 24,?ACI

Plant and Machinery 60,000 Sales 2,00,000

Furniture 15,000 Bad debts reserves 'tr,200

Bills Receivable 19,000 Rent outstanding 1,000

Rent and Taxes , 10,000

Wages 16,000

Wages prepaid 1,000

Salaries *;
20,000

3,26,2O4 3,26,200

Additional Informations
a) create reserve for doubtful debts al s/" on sundry debtors.
b) Write off t 500 bad debts.
c) Depreciate plant and machinery al so/o and furniture at.10%.
d) Provide outstanding liabilities : Taxes T 2,000 and Salaries { 4,000.
e) Closing stock T 40,000.
l llilIfl Illil lll lllll llil lil llll
NP - 363
Mr' Famniband as on
10. From the following balances extracted from the books of
31"t March 2023, prepare a Trial Balance'
1
Particulars
YallapPa caPital 3,50,000
Purchases 4,00,000
12,0G0
Rent Paid
YallapPa's Drawings 8,500
Bills Receivable 60,000
Opening stock 50,000
14,000
Purchase returns
Sales Return 8,000
Plant and Machinery 2,00,000
Sales 4,80,000
Sundry Debtors 2,80,000
Furniture 25,000
Salaries 36,000
Sundry Creditors 2,80,000
Carriage lnwards 5,000
7,0CI0
lnsurance
97,5OCI
Cash in hand
Cash at bank 2,00s
Bills PaYable 79,000
''i,500
Discount received
2,000
Discount allowed
11. Journalise the following transactions'
2ozgoct.01_AfunstartedbusinesswithTl0,00,000
03 - Paid into bank < 8,00,000
A4 - Bought goods for { 5,00,000
OB - Sold goods at { 7,50,000
10 - Purchased goods from Uday { 7'00'000
12 - Sold goods to Karthik { 12,00'000
14-ReceivedcashfromMr'Karthik{4'00'000
18 - withdraw cash from the bank for personal use { 50,000
20 - Borrowed loan from Bank at 100/o interest rate T 5'00'000
22 - Bad debts recovered T 10,000
24 - Commission received T 25'000
30 - Paid salary t 80,000 and Rent T 60'000

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