BBA-02
June Examination 2016
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 questions you delimit your answer in one sentence upto 30 words. Each question carries 2 marks.
What is book-keeping?
Point out the types of accounting conventions.
What do you mean by personal accounts?
Explain the meaning of credit note.
Point out examples of provision.
What do you mean by deferred revenue expenditure?
What is pro-rata allotment?
(viii) Define accounting.
144
BBA-02 200 4 (P.T.O.)
BBA-02 200 4 (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.
Enter the following transactions in the book of Rakesh:
June 10 Bought goods for Rajan Rs. 20,000.
June 30 Paid salaries Rs. 40,000, Rent Rs. 10,000
What are the causes of differences between cash book and
pass book?
Mention names of different methods of charging depreciation.
Explain in brief, the subject matter of profit and loss account.
Write notes on:
Normal loss
Abnormal loss
Distinguish between sectional balancing and self balancing
systems.
Explain stock and debtors method of accounting in case of
dependent branch.
State the provisions of the Companies Act regarding
redemption of preference shares.
BBA-02 200 4 (P.T.O.)
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 terminology:
Balance Sheet
Current Assets
Current Liabilities
Capital Expenditure
11) Rakshak Ltd. purchased on 1st January, 2010 a plant for
Rs. 8,000. On 1st April, 2011, it purchased additional plant
costing Rs. 4,800, the plant purchased on 1st January, 2010
was sold off for Rs. 4,200 and on the same date fresh plant
was purchased at the cost of Rs. 7,500.
Depreciation is provided at 10% per annum on the
diminishing balance method every year. Accounts are closed
each year on 31st December. Show the plant account for 3
years.
12) Explain the significance and nature of final accounts.
BBA-02 200 4
144
13) The Chennai Branch of Hindustan Metal Co. Ltd, Kolkata
sent the following Trial Balance to its head office prepared on
31st March, 2015
Trial Balance of Chennai Branch as on 31st March, 2015
Particulars Dr.
Amount Rs.
Cr.
Amount Rs.
Cash in Hand 62,500
Sundry Debtors 1,20,000
Furniture and Fixtures 19,000
Sundry Creditors 86,000
Head Office Account 1,05,000
Stock (Closing) 52,000
Profit and Loss Account
(Profit for the year 62,500
Total 2,53,500 2,53,500
Pass necessary journal entries for incorporation and prepare
Chennai Branch A/c in the books of the H.O.