Punjab Technical University 2010-1st Sem B.C.A Computer Application Basic Accounting - Question Paper

Roll No.......................

Total No. of Questions : 13]

Paper ID [A0203]

[Total No. of Pages : 02

(Please fill this Paper ID in OMR Sheet)

BCA (103) (S05) (O) (Sem. - 1^st) BASIC ACCOUNTING

Maximum Marks : 75

Instruction to Candidates:

1)    Section - A is Compulsory.

2)    Attempt any Nine questions from Section - B.

Section - A

(15 x 2 = 30)

a)    What is Accounting?

b)    What is an Accounting Equation?

c)    Explain Historical Cost Concept.

d)    What is Credit Note?

e)    What is journal proper?

f)    What is Compound Entry?

g)    What is Contra Entry?

h)    What is Trial Balance?

i)    Define Management Accounting? j)    What is common size statement? k)    What is Current Ratio?

l)    Name the sources of funds.

m)    What is retained earnings?

n)    What is Tally?

Q2) Define Accounting. Is accounting a science or an art?

Q3) What is ledger? Explain the procedure for posting the entries from the journal to the ledger.

Q4) Discuss the advantages of sub-dividing the journal.

Q5) Why final accounts are prepared? What is the importance of trading account? Q6) Explain in detail the Accrual Concept.

Q7) Explain the nature and scope of Management Accounting.

Q8) Journalize the following transactions.

(a)    Purchased goods worth Rs. 5,000 for cash less 20% trade discount and 5% cash discount.

(b)    Rs. 2,650 received from Vinay and allowed him discount Rs. 50.

(c)    Bought 200 shares in Bharat Electronics Ltd @ Rs. 20 per share, brokerage paid Rs. 80.

Q9) From the following balances prepare Balance Sheet of M/s Honey and Lovely for the year ending 31st March 2008.

Rs. Rs. Loan (Cr.) 11,000 Drawings 15,000 Cash at Bank 2,000 Net Profit 25,500 B/P 2,000 Creditors 8,000 Cash in hand 1,500 Debtors 8,500 Machinery 23,000 Capital 50,000 B/R 1,500 Motor Vehicle 15,000 Closing Stock 5,000 Building 25,000

Q10)What are the advantages of raising finance by issuing shares of different types?

Q11)What are the main sources of finance to meet the short term requirement of a business?

Q12)Show the entries to be passed at the time of re-issue of forfeited shares.

Q13)What is computerised accounting? How Tally program is helpful in computerised accounting?

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2

A-60

Attachment: punjab-technical-university-2010-b-c-a-computer-application-23189-1.pdf

Earning:   Approval pending.