University Of Pune Question Paper
B. C. A. ( Semester - I ) Examination - 2013
BUSINESS ACCOUNTING
(New 2008 Pattern)
Time : 3 Hours] [Max. Marks : 80
Instructions :
(1) All questions are compulsory.
(2) Figures to the right indicate full marks.
(3) Use of calculators is allowed.
Q.1) (A) Fill in the blanks : [05]
(a) The account is set to have __________ balance if the total
of the debit side of the account is more than the total of
the credit side.
(b) Only __________ transactions are recorded in the Cash
Book.
(c) Trial Balance is __________ but not an account.
(d) Sale Book is used to record all __________.
(e) Debit what comes in and credit what goes out is a principle
of __________ account.
(B) State whether the following statements are true or false : [05]
(a) Book-keeping and Accounting are the same terms.
(b) Accounting is not the language of Business.
(c) Accounting Standard I deals with disclosure of Accounting
Policies.
(d) Depreciation is charged on Current Assets.
(e) The basic function of accounting is to interprete financial
data.
[4373]-105 1 P.T.O.
Seat
No.
(C) Answer in one sentence : [05]
(a) What is Creditor ?
(b) What is Journal ?
(c) What is Ledger ?
(d) Define Personal Account.
(e) What do you mean by Liabilities ?
(D) Classify the following accounts into, Personal Account, Real
Account and Nominal Account : [05]
(a) Purchase Account
(b) Telephone Expenses Account
(c) Audit Fees Account
(d) Land and Building Account
(e) Cash Account
Q.2) Define the term Accounting. Explain the Scope of Accounting. [12]
OR
Q.2) What is Accounting Principle ? Explain Basic Principles of Accounting. [12]
Q.3) (A) Journalize the following transactions in the books of Mr. Gupta
for the month of April, 2012 : [08]
April, 2012
1 Mr. Gupta started business with Cash of Rs. 18,000,
Machinery Rs. 10,000 and Furniture Rs. 3,500.
12 Purchased goods from Mr. Sanghavi of Rs. 9,000 at 10%
Trade Discount.
13 Deposited with Bank of Baroda Rs. 2,800.
14 Sold goods to Mr. Khanna Rs. 8,000 at 5% Trade Discount.
25 Sold goods to Mr. Anand Rs. 3,000 at 5% Trade Discount
and 2% Cash Discount.
26 Purchased furniture of Rs. 2,500 for cash and spent
Rs. 200 for transport of furniture.
27 Paid electricity charges for office Rs. 300.
28 Withdraw Rs. 200 for personal use.
[4373]-105 2 Contd.
(B) The Plant and Machinery purchased on 1st April, 2007 for
Rs. 1,80,000. Rate of Depreciation was to be charged fixed at
8% p.a. as per Straight Line Method.
The machinery was sold for Rs. 85,000 on 31st December, 2012.
Prepare Machinery Account assuming the year ending on 31st
March every year. [08]
Q.4) Enter the following transactions in the books of Mr. Advani’s Cash
Book with Cash Discount and Bank Columns : [16]
December, 2011
1 Mr. Advani started business with Cash of Rs. 90,000.
3 Opened Bank Account with Bank of India and deposited
Rs. 80,000.
5 Purchased goods from Gidwani Brothers and paid by cheque
Rs. 12,000.
11 Received Cash from Sales Rs. 3,000.
14 Withdrawn Cash Rs. 1,500 from Bank.
17 Purchased Stationery for cash Rs. 600.
20 Received cheque from M/s. Aniket and Company for Rs. 1,800
and deposited in the Bank on the same date.
21 Received cash from Amit Enterprises of Rs. 1,750 net after
allowing Rs. 50 as discount.
22 Paid to M/s. Deluxe and Co. by cheque for Rs. 3,500.
24 Drawn from bank for office use Rs. 3,800.
26 Drawn for personal use Rs. 1,500.
30 Paid salary for the month of December, 2011 Rs. 15,000 by
cheque.
[4373]-105 3 P.T.O.
Q.5) The following is the Trial Balance of Mr. Ravi Kumar as on 31st
March 2012 :
Trial Balance
on 31st March, 2012
Particulars Debit Balance Credit Balance
Sales – 1,31,000
Bank Credit Balance – 20,000
Commission – 2,000
Bills Payable – 7,000
Pre-received Commission – 2,000
Sundry Creditors – 39,000
Loan from Bank – 55,000
Purchases Returns – 1,000
Capital – 1,30,000
Sales Returns 1,000 –
Carriage Inward 6,000 –
Salary 25,000 –
Import Duty 6,000 –
Property Tax 4,000 –
Stock on 1st April, 2011 40,000 –
Prepaid Salary 1,000 –
Purchases 82,600 –
Wages 4,800 –
Cash in Hand 12,000 –
Live Stock 20,000 –
Misc. Expenses 7,100 –
Advertising 7,600 –
Discount Allowed 300 –
Net Interest on Bank Loan 2,800 –
Sundry Debtors 41,000 –
Buildings 80,000 –
Vehicles 40,000 –
Bad Debts 1,800 –
Carriage Outwards 4,000 –
3,87,000 3,87,000
[4373]-105 4 Contd.
You are required to prepare Trading and Profit and Loss Account for
the year ended on 31st March, 2012 and Balance Sheet as on that
date after taking the following adjustments into account :
(1) Unsold Stock of Goods on hand on 31st March, 2012 amounted
to Rs. 30,000.
(2) Goods of Rs. 3,400 were purchased and issued on 30th March,
2012 and are included in the closing stock but the entry is not
recorded in bought book.
(3) Outstanding Wages amounted to Rs. 1,200.
(4) Provide 5% on Sundry Debtors for Bad and Doubtful Debts.
(5) Goods of Rs. 1,400 are distributed as free samples.
(6) Depreciate Building at 10% p.a.
(7) Rs. 1,000 is to be written off as Bad Debts.
B. C. A. ( Semester - I ) Examination - 2013
BUSINESS ACCOUNTING
(New 2008 Pattern)
Time : 3 Hours] [Max. Marks : 80
Instructions :
(1) All questions are compulsory.
(2) Figures to the right indicate full marks.
(3) Use of calculators is allowed.
Q.1) (A) Fill in the blanks : [05]
(a) The account is set to have __________ balance if the total
of the debit side of the account is more than the total of
the credit side.
(b) Only __________ transactions are recorded in the Cash
Book.
(c) Trial Balance is __________ but not an account.
(d) Sale Book is used to record all __________.
(e) Debit what comes in and credit what goes out is a principle
of __________ account.
(B) State whether the following statements are true or false : [05]
(a) Book-keeping and Accounting are the same terms.
(b) Accounting is not the language of Business.
(c) Accounting Standard I deals with disclosure of Accounting
Policies.
(d) Depreciation is charged on Current Assets.
(e) The basic function of accounting is to interprete financial
data.
[4373]-105 1 P.T.O.
Seat
No.
(C) Answer in one sentence : [05]
(a) What is Creditor ?
(b) What is Journal ?
(c) What is Ledger ?
(d) Define Personal Account.
(e) What do you mean by Liabilities ?
(D) Classify the following accounts into, Personal Account, Real
Account and Nominal Account : [05]
(a) Purchase Account
(b) Telephone Expenses Account
(c) Audit Fees Account
(d) Land and Building Account
(e) Cash Account
Q.2) Define the term Accounting. Explain the Scope of Accounting. [12]
OR
Q.2) What is Accounting Principle ? Explain Basic Principles of Accounting. [12]
Q.3) (A) Journalize the following transactions in the books of Mr. Gupta
for the month of April, 2012 : [08]
April, 2012
1 Mr. Gupta started business with Cash of Rs. 18,000,
Machinery Rs. 10,000 and Furniture Rs. 3,500.
12 Purchased goods from Mr. Sanghavi of Rs. 9,000 at 10%
Trade Discount.
13 Deposited with Bank of Baroda Rs. 2,800.
14 Sold goods to Mr. Khanna Rs. 8,000 at 5% Trade Discount.
25 Sold goods to Mr. Anand Rs. 3,000 at 5% Trade Discount
and 2% Cash Discount.
26 Purchased furniture of Rs. 2,500 for cash and spent
Rs. 200 for transport of furniture.
27 Paid electricity charges for office Rs. 300.
28 Withdraw Rs. 200 for personal use.
[4373]-105 2 Contd.
(B) The Plant and Machinery purchased on 1st April, 2007 for
Rs. 1,80,000. Rate of Depreciation was to be charged fixed at
8% p.a. as per Straight Line Method.
The machinery was sold for Rs. 85,000 on 31st December, 2012.
Prepare Machinery Account assuming the year ending on 31st
March every year. [08]
Q.4) Enter the following transactions in the books of Mr. Advani’s Cash
Book with Cash Discount and Bank Columns : [16]
December, 2011
1 Mr. Advani started business with Cash of Rs. 90,000.
3 Opened Bank Account with Bank of India and deposited
Rs. 80,000.
5 Purchased goods from Gidwani Brothers and paid by cheque
Rs. 12,000.
11 Received Cash from Sales Rs. 3,000.
14 Withdrawn Cash Rs. 1,500 from Bank.
17 Purchased Stationery for cash Rs. 600.
20 Received cheque from M/s. Aniket and Company for Rs. 1,800
and deposited in the Bank on the same date.
21 Received cash from Amit Enterprises of Rs. 1,750 net after
allowing Rs. 50 as discount.
22 Paid to M/s. Deluxe and Co. by cheque for Rs. 3,500.
24 Drawn from bank for office use Rs. 3,800.
26 Drawn for personal use Rs. 1,500.
30 Paid salary for the month of December, 2011 Rs. 15,000 by
cheque.
[4373]-105 3 P.T.O.
Q.5) The following is the Trial Balance of Mr. Ravi Kumar as on 31st
March 2012 :
Trial Balance
on 31st March, 2012
Particulars Debit Balance Credit Balance
Sales – 1,31,000
Bank Credit Balance – 20,000
Commission – 2,000
Bills Payable – 7,000
Pre-received Commission – 2,000
Sundry Creditors – 39,000
Loan from Bank – 55,000
Purchases Returns – 1,000
Capital – 1,30,000
Sales Returns 1,000 –
Carriage Inward 6,000 –
Salary 25,000 –
Import Duty 6,000 –
Property Tax 4,000 –
Stock on 1st April, 2011 40,000 –
Prepaid Salary 1,000 –
Purchases 82,600 –
Wages 4,800 –
Cash in Hand 12,000 –
Live Stock 20,000 –
Misc. Expenses 7,100 –
Advertising 7,600 –
Discount Allowed 300 –
Net Interest on Bank Loan 2,800 –
Sundry Debtors 41,000 –
Buildings 80,000 –
Vehicles 40,000 –
Bad Debts 1,800 –
Carriage Outwards 4,000 –
3,87,000 3,87,000
[4373]-105 4 Contd.
You are required to prepare Trading and Profit and Loss Account for
the year ended on 31st March, 2012 and Balance Sheet as on that
date after taking the following adjustments into account :
(1) Unsold Stock of Goods on hand on 31st March, 2012 amounted
to Rs. 30,000.
(2) Goods of Rs. 3,400 were purchased and issued on 30th March,
2012 and are included in the closing stock but the entry is not
recorded in bought book.
(3) Outstanding Wages amounted to Rs. 1,200.
(4) Provide 5% on Sundry Debtors for Bad and Doubtful Debts.
(5) Goods of Rs. 1,400 are distributed as free samples.
(6) Depreciate Building at 10% p.a.
(7) Rs. 1,000 is to be written off as Bad Debts.
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