B.C.A. (Semester (CBCS) Examination, 2017
FINANCIAL ACCOUNTING WITH TALLY
Day Date: Monday, 17-04-2017 Max. Marks: 70
Time: 10.30 AM to 01.00 PM
N.B. All questions are compulsory.
Figures to the right indicate full marks.
Q.1 Choose correct alternatives: 14
Surplus of income over expenses is
Loss Profit Financial Societies Deficit
Amount which is not recoverable from customer is known as
Debts Debtors Bad-Debts Doubtful debts
Amount invested in business is called as
Drawing Capital Liability None
Stationary is type of Account.
Personal A/c Rent A/c
Nominal A/c Trading A/c
shows financial position of business.
Trading A/c P&L A/c Balance-sheet None
Bank Reconciliation statement is prepared by
Trader Bank Seller Student
Overdraft means balance of Pass Book.
Debit Credit Closing Opening
Out-standing expenses is a Account.
Real Personal Nominal None of them
Depreciation is always charged on Assets.
Current Intangible Fixed None
10) Opening Stock is entered in a Trading A/c on the side.
Credit Asset Liabilities Debit
11) Interest on Investment is of business concern.
Profit Loss An expenses An income
12) In Straight Line Method of depreciation the amount of
depreciation remain every year.
Constant Increased Decreased None
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SLR-US 3
13) Depreciation arises because of
Wear and tear Inflation
Profit Fall in the value of asset
14) Sub-division of Journal is known as book.
Subsidiary Purchase Returns
Purchase Journal
Q.2 Answer the following (Any 14
What is Trial Balance?
What is Journalizing?
What is Narration?
Which A/c is debited, when goods are destroyed by fire?
Give Rules of Personal A/c.
What is mean Bank Reconciliation Statement?
What is Balance Sheet?
What is Gross-Profit?
Under what method depreciation the amounts of depreciation
remain constant?
10) What is Long form of TDS in Tally?
Q.3 Write note on any Two of the following. 10
Straight Line Method
Profit and Loss A/c
Rules of Account
Solve/short Answer type question? Give Benefit of TDS? 04
Q.4 Attempt any two of the following. 14
Importance specialization of Bank Reconciliation Statement?
Give meaning of Double entry system and advantages of Double
entry system?
Give concepts of Accounts.
Q.5 Attempt any two of the following. 14
Journalise following transaction in the books of XYZ.
1988 July
Started business with Rs. 5000.
Sold goods for Rs. 1000.
Paid rent Rs. 20.
10) Purchased goods for Rs. 3500.
13) Withdraw Rs. 200 from the bank for office use
17) Received a cheque for Rs. 300 from Rahim.
28) Received commission Rs. 100.
Mr. Hari purchased a machinery on 1st Oct 2007 at Rs. 90000 and
spent Rs. 10000 on its installation. The firm provides depreciation
at 10% p.a. under Straight Line Method on 31st March every year.
Show machinery A/c for 2007-08, 2008-2009 and 2009-10.
Give definition of Trading P&L A/c and Balance-sheet and
also give its specimen form of Trading P&L B/S.