Madras University (UnOM) 2010 B.B.A Business Administration Financial Accounting - Question Paper

April 2010 BPZ1A/BPF1A/BPC1A
FINANCIAL ACCOUNTING
Time:3hours Maximum:75 marks

partA - (10X3=30 marks)
ans any 10 ques.

1. What do you understand by term Debit and Credit?
2. What is purchase book?
3. Journalise the subsequent transaction.
Received cash from Chand&Bros.on accunt-Rs.1200
4. From the subsequent ledger balance you are needed to state which account has debit(0r)credit
balance?
(a)Discount allowed,
(b)Cash at bank,
(c)Bills payable,
(d)Purchase.
5. Rectify the subsequent errors.
(a)Sales to sridhar Rs.152, posted to his account as Rs.125.
(b)Discount received Rs.37 From Babu posted to his account as Rs.39.
6. What do you understand by trading account?
7. What is "Bank reconciliation statement"?
8. obtain out the profit from the subsequent data

Capital at the begining of the year Rs.800000
Drawing during the year Rs.180000
Capital at the end of the year Rs.900000
Capital introducd durin the year Rs.50000
9. What is meant by trial balance?
10.From the subsequent compute gross profit:
opening Stock: Rs.500:
Sales Rs,4000
Closing stock Rs 500
purchases Rs,3000
11.State any 2 methods of calculating depreciation.
12.What is profit and loss account?

Part B-(5X5=25 marks)
ans any 5 quesions.
13.Enter the subsequent transactions in the journal of hariprasad of Hyderbad

2006 Rs
July1 commenced business with cash 180000
two Deposited in to bank 55000
three purchase goods fo cash 22000
four Bought goods of swaminathan 72000
five Cash sales 16200.
14.The subsequent errors were obtained in the books of prabakar&sons provide
necessary entries to them :
(a)Salary of Rs.1000paid to Mohandue to him has been debited to his personal
account.
(b)Rs.1500 paid in cash for typewriter was charged to purchase
account
(c)Rs.5000 paid for furniture purchsed has been charged to purchases
account
15.From the subsequent particulars ascertain the bank balances as per cash book of swamy as at
31st march 2003.
(a)Credit balances as per pass book as on 31.03.93 Rs.2500
(b)Bank charges of Rs.60 had not been entered in the cashbook.
(c)Out of the cheques of Rs.3500paid in to the bank, a cheque of Rs1000 was not yet
credited by the banker.

Earning:   Approval pending.