B.C.A. (Semester (CBCS) Examination Nov/Dec-2018
FINANCIAL ACCOUNTING WITH TALLY
Time: 2½ Hours Max. Marks: 70
Instructions: All Questions are compulsory.
Figures to the right indicate full marks.
Use soundless calculator if necessary.
Question paper of Q.1 should be taken out after 30 minutes.
Q.1 Choose correct alternatives. 14
Straight line method of depreciation is also called as method.
Original Cost Equal installment
Fixed Installment All of above
Solapur university A/c type of account.
Real account Personal A/c
Nominal Ac None of these
is an art of recording business transaction in a set of books.
Accounting Costing
Book keeping None of these
Expenditure incurred on the purchase of fixed assets is expenditure.
Revenue Capital
Deferred revenue None of these
Discount is not recorded in the books of account.
Cash Trade
Quantity None of these
is explanation for the journal entries passed.
Voucher Transaction
Narration Invoice
The books in which journal is divided is called as
Ledger Subsidiary book
Journal Cash book s
A statement which shows the financial position of the business concern is
called as
Trading A/c Profit Loss A/c
Balance Sheet None of these
A System of recording two fold effect of each and every transaction in a
proper set of book is called
Single Entry system Double Entry System
Three Entry System None of these
10) Capital Liabilities
Net Worth Net Profit
Gross Profit Assets
11) Excess of income over expenses is called
Discount Loss
Profit Premium
Page 2 of 3
SLR-SH-3
12) The concept of TDS was introduced in the Income Tax Act
1960 1961
1962 1963
13) TAN Stands for
Tax Account Number Tax Assessment Number
None of these Tax Assignment Number
14) BOM Stands for
Bill of Machine Bill of Manpower
Bill or Material None of these
Q.2 Answer the following. (Any four) 08
Insolvent
Gross Profit
Goodwill
Liability
Godown
Write short note. (Any two) 06
Explain the Definition and Rules of Personal A/c.
Explain the Definition of Bookkeeping Accountancy.
Explain the concept of Sales order process.
Q.3 Answer the following. (Any two) 08
Give the objects of Book keeping.
Benefits of double entry system.
Explain the features of Tally.
Answer the following. (Any one) 06
A Company Ltd. purchased a machinery of Rs.50000/- on 1st April 2010.
Another Machinery was Purchased on 1st Oct. 2010 for Rs. 25000/-
Company decided to charges the depreciation 10% p.a. under straight
line method on 31st March every year.
Prepare machinery account for the year 2010-11, 2011-12 2012-13
Explain different types of voucher in Tally.
Q.4 Answer the following. (Any two) 10
Explain the Accounting Concept.
Write short note on Bill of Material.
Write short note on Profit and Loss A/c.
Answer the following. (Any one) 04
Define Nominal Account with Rule suitable examples.
Types of MIS Reports
Q.5 Answer any two of the following:- 14
Shri Ram Trader, Solapur wants to prepare a store Ledger account for the
month January 2017, on the basis FIFO method.
1st Jan. purchased 1500 units Rs. 5 per unit.
3rd Jan. issued 1000 units.
8th Jan. purchased 1000 units Rs 5.50 per unit.
15th Jan. issued 800 units.
21st Jan. purchased 1000 units Rs. 5.00 per units
31st Jan. issued 1500 units.