B.Com. LL.B. (Five Years) Sem 1 Financial Accounting 2026 Jan (100 marks) Question Paper - KSLU

Questions asked in this paper

1. Q1 What is Accounting Standards ? Explain any 4 Accounting Standards.
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2. Q2 From the following information prepare Ledger Accounts.
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3. Q3 Enter the following transactions in a three-column cash book.
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4. Q4 Prepare Financial Statements for the year ending on March 31, 2020 from the following Trial Balance and Adjustments.
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5. Q5 From the following transactions prepare subsidiary books.
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6. Q6 Cricket club of Mangalore was started on 1-4-2018. It's Receipts and Payments Account for the year ending 31-3-2019 was as follows :
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7. Q7 What is trial balance ? Why it is prepared and draw a format of Trial balance with minimum 10 imaginary items.
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Write short note on any two of the following.

1. Q8 (a) Accounting concepts and conventions
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2. Q8 (b) Features of computerised accounting
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3. Q8 (c) Distinguish between Trial Balance and Balance Sheet.
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Solve any two of the following problems.

1. Q9 (a) Group the following accounts in personal, real and nominal accounts.
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2. Q9 (b) Explain the final accounts of Non-trading organisations.
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3. Q9 (c) Explain the various factors to be considered while sourcing accounting software for a business.
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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.