DISTANCE EDUCATION
B.C.A. DEGREE EXAMINATION, MAY 2018.
ACCOUNTING FUNDAMENTALS
(2003 onwards)
Time Three hours Maximum 100 marks
Answer any FIVE questions.
x 20 100)
1. Define the term accounting. Explain the objectives and
limitations of accounting.
2. What is accounting standards? Explain the principles of
accounting standards.
3. Explain the errors disclosed and not disclosed by Trial
balance with examples.
4. State the difference between statement of Affairs and
balance sheet.
5. What is Ratio? Explain the types of Ratio.
6. Enter the following transactions in proper subsidiary
books.
Rs.
December 2010
1
Purchased goods from A 5,000
3 Solds goods to M for cash 8,000
8 Returned defective goods to A 1,000
10 N bought goods from us 7,000
Sub. Code
15
DE-3578
2
Ws19
Rs.
13 Sold goods to P trade discount 10% 4,000
14 Return inwards from P 300
17 Purchases form J 4,000
20 Credit sales to K 2,000
22 Returned to J goods worth 750
28 Bought Machinery from RS Ltd on
credit
12,000
29 Received goods returned by k 300
30 Sold and Machinery for cash 2,000
7. From the following trial balance of Mr. Selvam prepare
the Trading and profit and loss account and the balance
sheet.
Particulars Debit Credit
Rs. Rs.
Purchases and sales 16,000 30,000
Debtors and creditors 3,250 2,100
Discounts 1,300
Wages 6,500
Capital 10,655
Salaries 2,520
Carriage inwards 275
Overdraft 3,000
Carriage outwards 500
Insurance 150
Rent 500
Sundry expenses 160
Cash 2,750
DE-3578
3
Ws19
Particulars Debit Credit
Rs. Rs.
Building 4,000
Machinery 2,000
Stock (1st Jan) 5,850
45,755 45,755
Adjustments
Rent due Rs. 30
Insurance prepaid Rs. 20
Depreciate machinery by 10%
Reserve for doubtful debts Rs. 500
Stock on 31.12.99 Rs. 6,000
8. Ramesh keeps his books on single entry basis. Prepare a
statement of affairs as on 31.10.1982 and a statement of
profit or loss for the period ending 31.10.1982.
Assets and Liabilities 1.11.81 31.10.82
Rs. Rs.
Bank balance 560(Cr) 350(Dr)
Cash in hand 10 50
Debtors 4,500 3,600
Stock 2,700 2,900
Plant 4,000 4,000
Furniture 1,000 1,000
Ramesh had withdrawn Rs. 2,000 during the year and
had introduced fresh capital of Rs. 4,200 on 1.7.1982. A
provision of on debtors is necessary. Write off
depreciation on plant at 10% and furniture at 15%.
Interest on capital is to be allowed at p.a.