Annamalai University 2007 B.B.A , - Question Paper

Register Number :
Name of the Candidate :
4 one nine 1
B.B.A. DEGREE EXAMINATION, 2007
( ENGLISH MEDIUM )
( 2nd YEAR )
( PART - III )
( PAPER - V )
230. FINANCIAL AND COST ACCOUNTING
( Including Lateral Entry )
December ] [ Time : three Hours Maximum : 100 Marks

part – A (10 × two = 20)
ans any TEN ques..
All ques. carry equal marks.
1. (a) elaborate the 2 kinds of accounts ?
(b) What do you mean by entry ?
(c) describe .Trial balance..
(d) What do you mean by deferred Revenue Expenditure ?
(e) How do you treat Income received in advance ?
(f) What is meant by depreciation fund ?
(g) What do you mean by reserve ?
(h) elaborate the various kinds of costing ?
(i) State any 2 objectives of Material control.
(j) What do you mean by Allocation ?
(k) elaborate the various methods of remuneration ?
(l) describe Invoice.

part . B (4 × 10 = 40)
ans any 4 ques..
All ques. carry equal marks.
2. describe Accounting concepts and discuss its various kinds.
3. discuss the various accounts prepared by non-trading organisation.
4. discuss different methods of classifying overheads.
5. What is Time . keeping ? State essentials of good Time-keeping system.
6. On 1.1.2004 machinery was purchased for Rs.80,000. On 01.01.2005, additions were
made to the amount of Rs.40,000. On 31.03.2006, machinery purchased on
01.01.2005 costing Rs.12,000 was sold for Rs.11,000 and on 30.06.2006, Machinery
purchased on 1.1.2004 costings Rs.32,000 was sold for Rs.26,700 on 1.10.2006 additions were made to the amount of Rs.20,000.
Depreciation was given at 10%p.a. On the diminishing balance method. Show the
machinery a/c for three years 2004 to 2006.
7. Record the subsequent transactions in stores ledger, pricing the materials under F1F0
method.
May-1 Balance 50 units at Rs.25 per unit.
May-3 Received 300 units at Rs.30 per unit.
May-5 Issued 200 units.
May-7 Issued 120 units.
May-8 Received back 10 units (issued on 7th)
May-10 Returned to vendor 15 units purchased on 3rd.
May-15 Received 200 units at Rs.32.
May-18 Issued 150 units.
May-19 Issued 50 units.
The stock verifier obtained a shortage of 10 units on 20th and left a note.

PART . C (2 × 20 = 40)
ans any 2 ques..
All ques. carry equal marks.
8. discuss accounting treatment of
(a) Entrance fees.
(b) Life membership fees.
(c) Legacy.
(d) Donation.
(e) Receipt for a specific fund.
9. elaborate the essential characteristics of a good system of wage payment ? define the time rate and piece rate systems of wage payment.

Earning:   Approval pending.