Bharathiar University 2009-1st Sem B.Com Computer Applications Principles of accountancy-ester - Question Paper

SECTION-A
ans ALL ques.
select THE BEST:
1.The book of original record of transaction is known as___________
a) journal b)ledger c) purchase book d) sales book

2.bills receivable account is a _____________
a)personal account b)real account c) nominal account d) statement

3.receipts and payments accounts are prepared by ____________
a)non trading concern b) public company c) sole trading company d) partnership concern
4.the grace day for a bill is_______
a) three days b) four days c)5 days d) seven days
5.________ is like a profit and loss account
6.when a due date of a transaction falls on a public holiday the due date will be ______________
7.red ink interest is associated with_______
a)total sales b) account current c) nominal account d)real account
8. salary is debited to____________
9.a transaction appearing on both sides of cash book is_____________
10. a temporary partnership without any firm name is ________________
part B
ans ALL QUESTIONS:
11.a)What are the advantages of double entry system?
or
b) Distinguish ranging from trade discount and cash discount
12.a)Arun consigned 2000 tonnes of coasl at rs 50 per ton to balu of delhi. he paid rs 20000 as freight.due to normal wastage,only 1950 tones were received by balu. he also paid rs 5000 as unloading and carting charges.the goods unsold amount to 650 tonnes. you are needed to compute the value of closing stock.
or
b)

Earning:   Approval pending.