B.B.A. LL.B. (Five Years) Sem 1 Financial Accounting 2023 Mar Question Paper - KSLU

Questions asked in this paper

UNIT - I

1. Q1 (a) Meaning of Accounting. Explain the 6 Concepts and 4 Conventions of Accounting.
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2. Q1 OR What is double entry system of Book-keeping ? Explain its advantages and disadvantages.
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3. Q1 (b) Mention the three main classes of accounts and state their rules of debit and credit. Give two examples each for all the three accounts.
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4. Q1 OR Write a short note on GAAP.
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UNIT - II

1. Q2 (a) Journalise the following transactions in the books of Anil Kumar.
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2. Q2 OR Enter the following transactions in a three column cash book.
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3. Q2 (b) What is a ledger ? Explain need and importance of a ledger.
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4. Q2 OR Enter the following transactions made by Anand in his purchases book.
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UNIT - III

1. Q3 (a) The following are the balances extracted from the books of Mr. Manju as on 31st Dec. 1989 :
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2. Q3 OR Give the meaning of Final accounts of sole trading concern and prepare Balance-Sheet format with 12 imaginary figures.
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3. Q3 (b) Difference between Trading and Profit and Loss A/c.
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4. Q3 OR Write the formats of Trading and Profit and Loss A/c.
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UNIT - IV

1. Q4 (a) Explain the Final Accounts of Non-Profit organizations; with the help of formats.
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2. Q4 OR The following is the Receipts and Payments account of the Hospital at the end of the year 31-12-2007.
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3. Q4 (b) Features of Non-trading concerns.
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4. Q4 OR Write a short note on : Entrance fees. Donations Legacies.
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UNIT - V

1. Q5 (a) Write down the merits and demerits of computerised accounting.
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2. Q5 OR Give the meaning of computerised accounting system and explain its features.
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3. Q5 (b) Tally accounting software.
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4. Q5 OR Factors to be considered while introducing computerised 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.