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

Questions asked in this paper

1. Q1 What is double entry system of Book Keeping ? Explain accounting concepts in detail.
   Read the model answer
2. Q2 Journalise the following transactions and post them to the respective Ledger Accounts.
   Read the model answer
3. Q3 Prepare Arun's Account in the Ledger of Bhanu from the following transactions between them. Also prepare Bhanu's account in the Ledger of Arun.
   Read the model answer
4. Q4 Record the following transactions in a Three Column Cash Book :
   Read the model answer
5. Q5 Enter the following transactions in purchases and sales day books :
   Read the model answer
6. Q6 From the following adjustments and Trial Balance of Kumar Vyas Stores as at 31-3-2015, prepare final accounts for the year ending 31-3-2015 :
   Read the model answer
7. Q7 The following is the Receipts and Payments Account of Niranjan Sports Club for the year ending 31-12-2014
   Read the model answer

Solve any two of the following :

1. Q8 (a) Distinguish between Receipts and Payments and Income and Expenditure Account.
   Read the model answer
2. Q8 (b) How do you classify the following receipts ?
   Read the model answer
3. Q8 (c) From the following transactions prepare the personal account of Mr. Anand for the month of Jan. 2014 :
   Read the model answer

Solve any two of the following problems :

1. Q9 (a) Journalise the following transactions :
   Read the model answer
2. Q9 (b) Journalise the following transactions post them to ledger and prepare the Trial Balance
   Read the model answer
3. Q9 (c) From the following Accounts Balances prepare Trading and Profit and Loss Account :
   Read the model answer

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.