B.B.A. LL.B. (Five Years) Sem 1 Financial Accounting 2015 Dec Question Paper - KSLU

Questions asked in this paper

1. Q1 What are Accounting concepts and conventions ? Explain briefly the four important accounting conventions.
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1. Q2 Record the following transactions in the journal :
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1. Q3 Enter the following transactions in Paru's Account, in the books of Sheela and Sheela's A/c in the books of Paru and Balance the accounts on 31-12-15 :
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1. Q4 Prepare Three Columns Cash Books from the following transactions 2015 :
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1. Q5 Journalise the following transactions :
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1. Q6 (a) Enter the following transactions made by Anand in his Purchase Book :
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2. Q6 (b) From the following transactions prepare Sales Book of New Furniture House :
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1. Q7 From the following information prepare Financial Statements on 31st December 2015 :
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Answer any two of the followings :

1. Q8 (a) Difference between Single Entry System and Double Entry System.
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2. Q8 (b) Write differences between Revenue Expenditure and Capital Expenditure.
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3. Q8 (c) Classify the following in to Capital and Revenue Expenditure :
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Solve any two of the following problems :

1. Q9 (a) From the following accounts balances prepare Balance Sheet of Ladies' Club as on 1-1-2015 :
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2. Q9 (b) How do you treat the followings in Final Accounts of Non Trading Concerns ?
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3. Q9 (c) Define Accounting. Explain functions of accounting.
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Typed from the KSLU paper above. The paper is the original. Long reading passages are shortened here to their first and last lines and a summary.