BBA-02
June Examination 2017
BBA Pt. I Examination
Fundamentals of Accounting
Paper BBA-02
Time 3 Hours Max. Marks 80
Note: The question paper is divided into three sections B and C. Write answers as per given instructions.
Section A 8 × 2 16
(Very Short Answer Questions)
Note: Answer all questions. As per the nature of the question delimit your answer in one sentence upto 30 words. Each question carries 2 marks.
What do you mean by "Mercantile System of Accounting"?
What is compound entry?
What is Account?
Give two examples of Deferred revenue expenditure.
How drawings are shown in Balance Sheet?
What is "errors of principles"?
What do you mean by "Straight line method of depreciation"?
(viii) What do you mean by "Higher purchase price"?
144
BBA-02 200 3 (P.T.O.)
BBA-02 200 3 (Contd.)
144
Section B 4 × 8 32
(Short Answer Questions)
Note: Answer any four questions. Each answer should not
exceed 200 words. Each question carries 8 marks.
Write the difference between Profit and Loss Account and
Balance Sheet.
Give the names of eight persons who might feel interested in
accounting.
Explain, the basis of apportionment is made for indirect
expenses, while preparing Departmental accounts.
Give the format of "Total Debtors Account" in sectional
balancing system.
Write the journal entries for issue of debentures.
Prepare journal entry of the following:
Rent paid to Ram by cheque 5000.
Bank credited interest 500 in our account.
Goods sold to Ram in cash 3000
Drawings 1500
Explain in brief any four subsidiary books.
Write short notes on the following:
Outstanding expenses
Provisions
BBA-02 200 3
144
Section C 2 × 16 32
(Long Answer Questions)
Note: Answer any two questions. Each answer should not
exceed 500 words. Each question carries 16 marks.
10) Write the journal entries for issue of shares of premium and
at par, when payment is made with application, allotment, first
call and second call.
11) Explain with illustration "stock and debtors method".
12) Give the format of Bank Reconciliation statement with
imaginary figures.
13) Explain the following:
Trial Balance
Debentures issued as colletaral security
Capital and revenue expenditure
Higher Purchase Trading Account