Bharathiar University 2006 B.Com University - Question Paper

BCom(CA) – Degree exam – November 2006
ADVANCED ACCOUNTING
SECTION- A
QP Code – 04 CCA 05
QP Number 91

1. Under annuity method the amount of depreciation is
(a) Increasing every year
(b) Decreasing every year
(c) Fixed for all the year
2. Bought ledger account is opened in
(a) Creditor ledger.
(b) Debtors ledger.
(c) General ledger.
3. Under debtors system, the branch account is
(a) Real a/c
(b) Personal a/c
(c) Nominal
4. Loss or gain on the sale of fixed asset is
(a) Debited to branch a/c
(b) Credited to branch a/c
(c) Not considered any where.
5. Cash paid to creditors can be computed from
(a) Debtors a/c
(b) Credited a/c
(c) Balance sheet
6. Sales are computed by adding
(a) Cash sales and cash received from the debtors
(b) Credit sales and cash received from debtors
(c) Cash sales and credit sales.
7. A and B Share profits in the ratio of 2:1. C has been admitted with 1/4th share in profits. The new profit sharing ratio of the partners will be
(a) 2:1:1 (b) 1:2:1
(c) 2:1:2.
8. Depreciation fund, at the time of admission of a partner is
(a) Transferred to the capital accounts of the partners
(b) Transferred to revaluation a/c
(c) Not to be transferred anywhere.
9. On forfeiture of unclaimed divided the amount is transferred to
(a) General reserve
(b) Capital reserve
(c) Dividend equalization fund
10. Debentures are shown in the balance sheet under the item
(a) Current assets , loans and advances
(b) Unsecured loans
(c) Secured creditors.



part –B

11 (a) Distinguish ranging from provision and reserve.

(Or)
(b) What are the self-balancing systems?

Earning:   Approval pending.