B.B.A. LL.B. (Five Years) Sem 1 Financial Accounting 2018 Dec Question Paper - KSLU

Questions asked in this paper

UNIT - I

1. Q1 (a) Distinguish between :
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2. Q1 OR Explain the terms "Accounting Concepts" and "Accounting Conventions".
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3. Q1 (b) What are the objectives of book keeping ?
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4. Q1 OR What is double entry system ?
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UNIT - II

1. Q2 (a) Enter the following in three column cash book.
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2. Q2 OR Journalise the following transactions in the books of Mr. Varun.
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3. Q2 (b) What is posting ? Explain the procedure of posting.
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4. Q2 OR List the features of journal.
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UNIT - III

1. Q3 (a) From the following Trial Balance of Ravi Kumar as on 31-12-2012, prepare financial statements.
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2. Q3 OR From the following Ledger Balances of a trader. Prepare Trading, Profit and Loss Account and Balance Sheet as on 31-12-2012.
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3. Q3 (b) What is depreciation ? How is it adjusted in the books ?
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4. Q3 OR Write a short note on bad debts and doubtful debts.
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UNIT - IV

1. Q4 (a) From the following information given in respect of certain items of Sports Club. Show these items in the Income and Expenditure Account and Balance Sheet of the Club.
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2. Q4 OR What is Receipt and Payment Account ? How is it different from Income and Expenditure Account ?
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3. Q4 (b) What is subscription ? How is it calculated ?
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4. Q4 OR State the net for profit organisations.
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UNIT - V

1. Q5 (a) What are the pro's and con's of computerised accounting ?
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2. Q5 OR Explain the various steps involved in creation of a company.
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3. Q5 (b) F11 features.
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4. Q5 OR Tally package.
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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.