Punjab Technical University 2006-1st Sem B.C.A Computer Application - BASIC ACCOUNTING - Question Paper

BASIC ACCOUNTING
BCA-103,1ST SEMESTER (2096)
Time: three Hours Maximum Marks: 75
Note: 1. Part A is compulsory. ans the ques. in 40-60 words.
2. Attempt any nine ques. from Part-B

Part-A
1. Write short note on the subsequent.
a) Explain accounting period concept.
b) What is meant by fault of principle?
c) Differentiate bet accounting and accountancy.
d) Explain different accounting rules.
e) What is meant by purchase book?
f) Give journal entry for re-issue of shares.
g) What is meant by classification of books of accounts?
h) Explain real account.
i) Mention 2 advantages of preparing cash book.
j) Discuss the scope the management accounting.
k) Mention 2 advantages of computerize accounting.
l) Explain sources of funds.
m) What is the problem of shares at discount?
n) Explain dual aspect concept.
o) Why financial statements are prepared?
Part-B
2. Explain the process of journalizing the business transactions.
3. journalise the subsequent transactions.
a) Business with cash with Rs. 10,000.
b) Paid into bank Rs. 6,000.
c) Sold goods Verma Rs. 10,000 at 10% trade discount and 5% cash discount terms. Half of the cash is paid immediately.
d) Withdrew goods Rs. 1000 for personal use.
e) Computer purchased for Rs. 10,000 from super Tech computers.
4. Discuss the procedure of forfeiture of shares in a company.
5. Differentiate bet manual accounting and computerized accounting. explain the uses of computers in accounting.
6. Sethi Ltd. Issued 10,000 shares at the rate of Rs. 10 per share payable as follows:
On application Rs.4
On allotment Rs.3
On 1st Call Rs.1.50
On final Call Rs.1.50
All the shares were subscribed and allotted. All dual were received other than that a shareholder of 500 shares did not paid the final call.
provide journal entries
7. What is ledger? How it is prepared?
8. How profit and loss A/C is prepared? Prepare by using imaginary figures.
9. What is meant by cash book? explain its different kinds.
10. Explain generally accepted accounting principles.
11. How management accounting is useful for managerial decision marking?
12. What is double entry system? discuss its limitations.
13. Explain the purpose of preparing purchase book and sales book?

Earning:   Approval pending.