B.Sc. II (Semester III) (CBCS) Examination, 2018
entrepreneurship (Paper VI)
Advanced Accountancy and Auditing
Day and Date Saturday, 1-12-2018 Max. Marks 70
Time 2.30 p.m. to 5.00 p.m.
Instructions All questions are compulsory.
All questions carry equal marks.
1. Choose the correct answer from given alternative 14
In Journal, The business transaction is recorded
Same day Next day
Once of week Once of month
Balance sheet is a statement of
Assets Liability
Capital All of the above
VAT stands for
Value Added Tax Very Action Tax
Voucher Actual Tax Value Act Tax
A person who owes money to the business is of the business.
Debtor Creditor
Purchase Seller
is a period of Financial Accounting year.
1 April to 31 March 1 June to 30 May
1 Jan. to 31 December 1 Sept. to 31 August
The following is not a type of liability.
Short term Current
Fixed Contingent
Seat P
no.
Set
SLR-SK 22 *SLRSK22*
Set P
The accounts that records expenses, gains and losses are
Personal Account Real Accounts
Nominal Accounts None of these
The sales income (Credit and Cash) of a business during a given period is
called
Transactions Sales Return
Turnover Purchase Return
A Master Budget consists of
Sales Budget Production Budget
Material Budget All of the above
10) Any written evidence in support of a business transaction is called
Journal Ledger
Ledger posting Voucher
11) In Tally, F4 functional key is used to recognize option.
Backup Period
Date Restore
12) To activate Gateway of tally shortcut key is used.
Ctrl m Ctrl p
Ctrl o Ctrl g
13) In Tally, for Receipt Voucher key is used.
F6 F7
F8 F9
14) In Tally key is used to change the date
F3 F2
F7 F10
2. Answer the following (any 8
Define Ledger.
Long form of Ff and CS.
What is meant by Trust
What is Audit Report
Long form of C.A. and CS.
*SLRSK22* SLR-SK 22
Set P
Write short on (any 6
VAT Master
Bank
Insurance Claims.
3. Answer the following (any 8
What is account Types and rules of account.
Describe Bank Reconciliation statement.
Write down objective of advance accounting.
Answer the following (any 6
Explain the short cut keys in Tally.
Explain the function key in tally with example.
4. Answer the following (any 10
Explain the position on cash basis on Working Capital Basis.
What is Audit Explain the types of Audit
Explain the scope and objective of vouching.
Answer the following (any 4
Describe the statutory Audit Report.
Write down statement of advance accounting.
5. Answer the following (any two) 14
Draw a Company Creation and Gate way of tally menu.
Explain the groups that are given tally.
State groups of ledgers and create ledgers.
Mr. Sandy starts business with Rs. 1,00,000
Paid for office building Rs.
Purchase raw material of Rs. on credit from Mr. Avinash
Paid wages Rs.
Paid Salary Rs.
Sole Old Newspaper Rs.
Sold goods to Mr. Shaker Rs.