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

Questions asked in this paper

UNIT - I

1. Q1 (a) What is accounting ? Explain objectives and functions of accounting.
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2. Q1 OR Describe briefly three kinds of accounts with examples and state the rules of debit and credit under English Approach and American Approach.
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3. Q1 (b) Explain accounting conventions.
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4. Q1 OR Distinguish between single entry system and double entry system.
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UNIT - II

1. Q2 (a) Journalise the following transactions in the books of Govind.
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2. Q2 OR Record the following transactions in three column cash book.
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3. Q2 (b) Distinguish between Journal and Ledger.
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4. Q2 OR What is cash book and state features of cash book ?
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UNIT - III

1. Q3 (a) From the following Trial Balance of Rajan, prepare Trading and Profit and Loss A/c and Balance-Sheet as on 31-03-2024.
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2. Q3 OR From the following Trial Balance prepare financial statements as on 31-03-2024.
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3. Q3 (b) What do you mean by adjustments ? Give the adjusting entries for interest on capital and interest on drawings.
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4. Q3 OR Prepare a Balance-sheet showing at least six items with imaginary figures.
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UNIT - IV

1. Q4 (a) Cricket club of Mysore was started on 1-04-2023. Its Receipts and Payments A/c for the year ending 31-03-2024 was as follows.
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2. Q4 OR Explain final accounts of non-trading concerns.
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3. Q4 (b) Classify the following into revenue and capital items.
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4. Q4 OR From the following particulars prepare Receipts and Payments A/c of Manjunatha Charitable Trust for the year ending 31-3-24.
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UNIT - V

1. Q5 (a) What are the factors to be considered while introducing computerised accounting in a business concern ?
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2. Q5 OR Explain the major applications of computers in accounting.
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3. Q5 (b) What is computerised accounting ? Explain its features.
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4. Q5 OR Write a short note on Tally.
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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.