Looking for Berhampur University previous years question papers of B.Com Financial Accounting ? You will get here this question paper asked in the year 2009. Read more to know the contents of the question paper.
Berhampur University
2009 Question Paper
Course : B.Com Commerce Financial Accounting
Time: 3 hours
Full Marks: 40
The question is equal value
Answer all questions
(Financial accounting)
1. Define Double entry system of book-keeping. Is there any difference between book-keeping and accountancy? Discuss the advantages and disadvantages of this system
Or
Is the agreement of the trial balance a conclusive proof of the accuracy of the leader postings? If not, what are the errors which remain undetected even if the trial balance agrees?
2. Distinguish between :
(a) Expenses and Expenditure
(b) Capital expenditure and Revenue expenditure
(c) Current assets and fixed assets
(d) Capital loss and revenue loss
Or
Sunday Debtors item appears as follows in the Balance Sheet of X & Y Co. as on 31st December, 2007:
Rs. Rs.
Sunday Debtors 24,000
Less: Bad debts Provisions 1,200
22,800
Less: Provision for Discount 684 22,116
During the year 2008, Bad debts written of and discount allowed were Rs.1, 000 And Rs. 584 respectively. On 31st December, 2008, Debtors totaled Rs. 30,500. A further Bad debt of Rs. 500 is to be written off. Provision for Doubtful Debt and that for discount on Debtors must be maintained at 5% and 3% respectively on Sundry Debtors.
Prepare the Provision Accounts and show how these items will appear in the Profit and Loss Account and Balance Sheet as at 31st December, 2008.
3. What are the objects of keeping Branch Accounts? Give journal entries for incorporating the branch trial balance in the books of head office.
Or
A company has two departments ‘A’ and ‘B’. Department A sells goods to Department B at normal market price. From the following particulars, prepare a Department Trading and profit and loss Account for the year ended 31st March, 2002.
A B General
Dept. Dept. Total
Rs. Rs. Rs.
Opening Stock 15,000 Nil
Purchases 2, 50,000 40,000
Goods from a Dept. – 40,000
A B General
Wages 15,000 20,000
Salaries (Dept) 7,000 5,000
Closing stock at cost
To the Dept 80,000 20,000
Sales 2, 60,000 1, 45,000
Printing and Stationary 2,500 1,500
Machinery ------- 15,000
Advertisements --------- --------- 12,000
Salaries(General) -------- ---------- 18,000
Depreciate machinery by 10%. The general un-allorted expenses are to be apportioned in the ratio of 2:1 to the departments A and B.
4. What are the objectives of taking a joint life policy by the partnership farm ? describe the various of treatment of joint life policy in the books of account.
Or
Basu and Das are partners sharing profits andlosses equally.on 30th june,2006 their balance sheet was as under :
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Berhampur University Question Papers
Previous Years Question Papers of Berhampur University
Berhampur University B.Com Commerce Financial Accounting Question Paper
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B.Com Commerce Financial Accounting Berhampur University 2009 Question Paper
2009 Question Paper of Berhampur University for B.Com Commerce Financial Accounting
Berhampur University
2009 Question Paper
Course : B.Com Commerce Financial Accounting
Time: 3 hours
Full Marks: 40
The question is equal value
Answer all questions
(Financial accounting)
1. Define Double entry system of book-keeping. Is there any difference between book-keeping and accountancy? Discuss the advantages and disadvantages of this system
Or
Is the agreement of the trial balance a conclusive proof of the accuracy of the leader postings? If not, what are the errors which remain undetected even if the trial balance agrees?
2. Distinguish between :
(a) Expenses and Expenditure
(b) Capital expenditure and Revenue expenditure
(c) Current assets and fixed assets
(d) Capital loss and revenue loss
Or
Rs. Rs.
Sunday Debtors 24,000
Less: Bad debts Provisions 1,200
22,800
Less: Provision for Discount 684 22,116
During the year 2008, Bad debts written of and discount allowed were Rs.1, 000 And Rs. 584 respectively. On 31st December, 2008, Debtors totaled Rs. 30,500. A further Bad debt of Rs. 500 is to be written off. Provision for Doubtful Debt and that for discount on Debtors must be maintained at 5% and 3% respectively on Sundry Debtors.
Prepare the Provision Accounts and show how these items will appear in the Profit and Loss Account and Balance Sheet as at 31st December, 2008.
3. What are the objects of keeping Branch Accounts? Give journal entries for incorporating the branch trial balance in the books of head office.
Or
A company has two departments ‘A’ and ‘B’. Department A sells goods to Department B at normal market price. From the following particulars, prepare a Department Trading and profit and loss Account for the year ended 31st March, 2002.
A B General
Dept. Dept. Total
Rs. Rs. Rs.
Opening Stock 15,000 Nil
Purchases 2, 50,000 40,000
Goods from a Dept. – 40,000
A B General
Wages 15,000 20,000
Salaries (Dept) 7,000 5,000
Closing stock at cost
To the Dept 80,000 20,000
Sales 2, 60,000 1, 45,000
Printing and Stationary 2,500 1,500
Machinery ------- 15,000
Advertisements --------- --------- 12,000
Salaries(General) -------- ---------- 18,000
Depreciate machinery by 10%. The general un-allorted expenses are to be apportioned in the ratio of 2:1 to the departments A and B.
4. What are the objectives of taking a joint life policy by the partnership farm ? describe the various of treatment of joint life policy in the books of account.
Or
Basu and Das are partners sharing profits andlosses equally.on 30th june,2006 their balance sheet was as under :
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Berhampur University Question Papers
Previous Years Question Papers of Berhampur University
Berhampur University B.Com Commerce Financial Accounting Question Paper
2009 Question Paper of B.Com Commerce Financial Accounting
B.Com Commerce Financial Accounting Berhampur University 2009 Question Paper
2009 Question Paper of Berhampur University for B.Com Commerce Financial Accounting
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