BBA-204 (S05/OLD) (Sem. – 2nd) BASIC ACCOUNTING

Total No. of Questions : 13] [Total No. of pages : 02

Paper ID [B0110]

(Please fill this Paper ID in OMR Sheet)

BBA-204 (S05/OLD) (Sem. – 2nd)

BASIC ACCOUNTING

Time : 03 Hours Maximum Marks : 75

Instruction to Candidates:

      1. Section – A is Compulsary .
      2. Attempt any Nine questions from Section –B .

      Section – A

      Q1) (15 x 2 = 30)

      1. Define Accounting
      2. Drawings
      3. Equity
      4. Financial Analysis
      5. Double Entry
      6. Accounting Cycle
      7. Net worth
      8. Trend
      9. Marginal Costing
      10. Key Factor
      11. Contingent Liability
      12. Bad Debts
      13. Preliminary Expenses
      14. What is meant by interpretation of Financial Statements
      15. Trial Balance

      Section – B

      (9 X 5 =45)

      Q2) Define Accounting? Discuss briefly the various of Accounting.

      Q3) Explain the errors of Accounting which are responsible for disagreement of trial balance.

Q4) Give the meaning and types of subsidiary books

Q5) Give the importance of Financial Analysis.

Q6) Distinguish between profit and loss and a Balance Sheet.

Q7) Write down the application of marginal costing in managerial decision making.

Q8) What is a break even point? How is it calculated?

Q9) Distinguish between Cash Account and Fund Flow statements.

Q10) Ram and Co. supplies you the following information regarding the year ending

Dec.31,1984:-

Cash sales Rs. 80,000, credit sales Rs. 200,000, Returns inwards Rs. 10,000, Opening stock

Rs.25,000, Closing stock Rs.30,000, Gross profit ratio is 25%. Find out Inventory Turnover Ratio.

Q11) Give the T-Form view of profit and Loss Appropriation Account. Clearly state the items of debit and

credit sides of this account.

Q12) Comment on the relative profitability of the following two products:-

Product A Product B

Materials Rs.200 Rs.150

Wages Rs.100 Rs.200

Fixed overhead Rs.350 Rs.100

Variable overhead Rs.150 Rs.200

Profit Rs.200 Rs.350

Sales per unit Rs.1000 Rs.1000

Overput per week 200units 100units

Q13) Journalize the following transactions:-

2007

Jan.1 Mohan stared business with cash Rs.80,000

Jan.6 Purchased goods from Ram on credit Rs.30,000

Jan.8 Sold gods for cash Rs.6,000

Jan.18 Paid Salary to Manager Rs.6,500

Jan.15 Bought furniture from Yash for cash Rs.8,000

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