B.Com. LL.B. (Five Years) Sem 1 Financial Accounting 2021 Oct Question Paper - KSLU

Questions asked in this paper

1. Q1 (a) Give the meaning of accounting. Explain the functions of accounting.
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2. Q1 (b) Explain the accounting conventions.
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1. Q2 (a) Mr. Ashok is a sole trader. From the following transactions, pass journal entries for the month of January 2018.
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2. Q2 (b) Write a note on journal.
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1. Q3 (a) What are subsidiary books ? Explain the features and advantages of subsidiary books.
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2. Q3 (b) Difference between credit note and debit note.
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1. Q4 (a) Prepare a three column cash book from the following transactions :
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2. Q4 (b) Explain the different types of cash book.
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1. Q5 (a) The following are the balances taken on 31st Dec. 2007 from the books of Mr. Muniz :
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2. Q5 (b) How do you treat the following adjustments in the final accounts :
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1. Q6 (a) On 31st Dec. 2007, the following Trial Balance was extracted from the books of a Merchant :
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2. Q6 (b) What is a trial balance ? Explain the objectives of a trial balance.
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1. Q7 (a) From the following particulars of Bangalore Sports Club, prepare Income and Expenditure A/c for the year ending 31-12-1985 and the Balance Sheet as on that date.
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2. Q7 (b) Write a short note on capital expenditure and revenue expenditure.
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1. Q8 (a) Explain the basic features of Income and Expenditure account and of Receipt and Payment Account.
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2. Q8 (b) Write a short note on non-profit organisation.
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1. Q9 (a) Distinction between Manual accounting and Computerised accounting.
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2. Q9 (b) What is computerised accounting ? Explain its features.
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1. Q10 (a) What are the factors to be considered while introducing computerised accounting in a business concern ?
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2. Q10 (b) Short note on "Tally ERP 9.0".
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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.