B.Sc. II (Semester III) (CBCS) Examination, 2018
entrepreneurship (paper Vi)
Advanced Accountancy and Auditing
Day and Date Wednesday, 25-4-2018 Total Marks 70
Time 2.30 p.m. to 5.00 p.m.
instructions All questions are compulsory.
Figures to the right indicate full marks.
1. Choice and write a correct answer from given four alternatives 14
is a shortcut key to select any activated company.
F1 Alt+F1 F10 F2
VAT stands for
Voice Access Table Value Added Tax
Vision Accurate Table None of these
To change current date from gateway of tally press the key.
F1 F2 F9 F12
A person who owes money to the business is called a
Creditor Debtor Proprietor Owner
Value of machinery comes under the primary group of
Current Asset Fixed Asset
Investment Capital Account
BRS stands for
Bombay Requirement Section Bank Reconciliation Statement
Business Rate System None of these
Real Account.
Rent Outstanding A/c Furniture A/c
Interest Received A/c Commission A/c
is transferred to debit side of the Profit and Loss A/c.
Gross loss Net profit Gross profit Net loss
is subsidiary books.
Purchase book Cash book
Petty cash book None of these
10) In tally, F7 key is used to select type.
Purchase Receipt Journal Payment
11) Owner account is under account group.
Investment Capital Cash Expenses
12) is type of discount.
Trade Credit Sales Gross
13) MRP stands for
Market Retail Price Machine Retail Price
Measurement Retail Price Minute Retail Price
14) The is arithmetical check of all transactions done as per date.
Trial Balance Ledger
Balance Sheet P and L Account
2. Solve any seven of the following 14
What is meant by Account
Define Ledger.
What do you mean by Credit Transaction
Define Auditing.
Define Bank.
Write down types of Audit.
Define working capital.
Write down Versions of Tally.
Define Charitable Trust.
3. Attempt any two of the following 10
What is Account Explain the types of account.
Draw a Format Journal, Ledger, P and L Trial Balance and Balance
Sheet.
Explain Cash flow and Fund flow statement.
Write down scope of auditing. 4
4. Attempt any two of the following 14
Draw and explain company creation and ledger creation manu.
Explain the meaning, need and importance of vouching.
What is VAT Explain VAT master and VAT on MRP.
5. Attempt any two of the following 14
What is Tally Explain the features of Tally.
Explain the short cut key and function key in Tally.
State groups for ledgers and create the ledgers
Ashok starts business with Rs.
Purchase machinery for Rs. and furniture Rs.
Paid amount for rent Rs.
Deposit Rs. in bank.
Purchase goods for Rs. from Mr. Ram on credit
Sold goods to Mr. Rakesh for Rs.
Rs. withdraws from bank for personal use.