BBA-02
December 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 word, one sentence or maximum upto 30 words. Each question carries 2 marks.
Explain the entity concept.
the receiver and credit the this rule is related to which type of account?
When suspense account is opened?
Give two example of capital expenditure.
Where closing stock is shown in final accounts?
What is compensating error?
Give two causes of depreciation.
(viii) What do you mean by cash price in hire purchase system?
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.
Explain accounting cycle.
Explain stock and debtors method.
What are differences between receipts and payments account
and cash book.
Write a note on use of computer accounting in current era.
Write journal entries of forfeiture and re-issue of shares.
Journalise the following transactions:
4000 deposited into bank.
Bank charges debited 100 by bank.
Goods purchased from Ram 5000.
Goods worth 2500 drawn by proprietor.
Elucidate the essential features of financial statement.
Explain two column cash book with illustrations.
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) Explain the following
Inter -branch transactions. 4
Format of Branch personal account 8
Inter departmental transfer. 4
11) State the provisions of companies act regarding redemption of
preference shares.
12) A company issued 5000 equity shares of 10 each at par, 3
on application, 2 on allotment, remaining in two equal calls
are demanded. All the shares are subscribed and issued. Give
journal entries to record these transactions.
13) Explain with illustration:
Provision for Bad debts.
Prepaid and outstanding expenses.