University Of Pune Question Paper
S.Y. B.A. Examination, 2010
COMMERCE (General – II)
Business Accounting (2004 Pattern)
Time : 3 Hours Max. Marks : 80
N.B. : 1) All questions are compulsory.
2) Figures to the right indicate full marks.
3) Use of calculator is allowed.
1. Answer the following questions (any five) : 10
a) What is meant by ‘Book-Keeping’ ?
b) What do you mean by Asset ?
c) State the rule of personal account.
d) What is bad debt ?
e) Define the term ‘journal’.
f) What is drawing ?
g) What is Goods Received Note ?
h) State any three objects of book-keeping.
2. Journalise the following transactions 2007 : 20
July 1 – Started business with cash Rs. 40,000
July 5 – Deposited Rs. 5,000 into Rupee bank.
July 10 – Purchased goods from Amar for Rs. 3,000 for cash.
July 11 – Paid office rent Rs. 2,000
July 13 – Withdrew for personal use Rs. 1,000
July 17 – Sold goods for cash Rs. 6,000
July 19 – Paid for stationery Rs. 800 in cash
July 20 – Received commission Rs. 500
July 22 – Purchased goods from Ravi on credit Rs. 1,000
July 23 – Distributed goods of Rs. 1,000 as free sample
July 25 – Paid salary to Parag Rs. 2,000
July 27 – Paid to Ravi Rs. 1,000
July 31 – Paid wages Rs. 200 to Pakash.
OR
Explain the rules of Journalisiling and describe the classification of Accounts.
3. A) Explain the objects, utility and importance of Cost Accounting. 15
OR
From the following particulars, prepare a cost sheet for the year ended 31-12-07.
Direct material Rs. 33,000 Office Rent Rs. 500
Direct wages ” 35,000 Water Supply ” 1,000
Direct Expenses ” 2,000 Factory insurance ” 1,000
Indirect wages ” 10,000 Office insurance ” 500
Factory Rent ” 7,000 Delivery van expenses ” 100
Lighting (factory) ” 2,000 Bad debt ” 200
Heating (factory) ” 1,000 Advertising ” 300
Motive power ” 4,000 Salesman salary ” 1,000
Director fee ” 1,000 Bank charges ” 100
Director fee (factory) ” 1,000 Sales commission ” 500
Factory cleaning ” 200 Depreciation
Office Expenses ” 100 Plant ” 300
Factor stationery ” 400 Office Building ” 700
Office stationery ” 500 Legal Expenses ” 300
Loose tools ” 500
The total sales has been 1,60,000.
B) Define the term overhead. Explain its various types. 15
OR
The following particulars have been extracted in respect of material ‘Z’. Prepare
a store ledger account pricing the material issue on the basis of ‘Last In First
Out’ method.
2007
January 1 Opening stock 220 units @ Rs. 9 each.
– ” – 4 Purchased 540 units @ Rs. 9.10 each
– ” – 5 Issued 280 units
– ” – 10 Purchased 180 units @ Rs. 8 each
– ” – 16 Issued 160 units
– ” – 18 Purchased 340 units @ Rs. 10 each
– ” – 25 Issued 200 units
4. Write short notes on (any 4) : 20
a) Utility of book-keeping
b) Ledger
c) LIFO and FIFO methods of pricing material
d) Purchase procedure
e) Time keeping and Time booking
f) Limitations of financial accounting
g) Trial Balance
––––––––––––––––
S.Y. B.A. Examination, 2010
COMMERCE (General – II)
Business Accounting (2004 Pattern)
Time : 3 Hours Max. Marks : 80
N.B. : 1) All questions are compulsory.
2) Figures to the right indicate full marks.
3) Use of calculator is allowed.
1. Answer the following questions (any five) : 10
a) What is meant by ‘Book-Keeping’ ?
b) What do you mean by Asset ?
c) State the rule of personal account.
d) What is bad debt ?
e) Define the term ‘journal’.
f) What is drawing ?
g) What is Goods Received Note ?
h) State any three objects of book-keeping.
2. Journalise the following transactions 2007 : 20
July 1 – Started business with cash Rs. 40,000
July 5 – Deposited Rs. 5,000 into Rupee bank.
July 10 – Purchased goods from Amar for Rs. 3,000 for cash.
July 11 – Paid office rent Rs. 2,000
July 13 – Withdrew for personal use Rs. 1,000
July 17 – Sold goods for cash Rs. 6,000
July 19 – Paid for stationery Rs. 800 in cash
July 20 – Received commission Rs. 500
July 22 – Purchased goods from Ravi on credit Rs. 1,000
July 23 – Distributed goods of Rs. 1,000 as free sample
July 25 – Paid salary to Parag Rs. 2,000
July 27 – Paid to Ravi Rs. 1,000
July 31 – Paid wages Rs. 200 to Pakash.
OR
Explain the rules of Journalisiling and describe the classification of Accounts.
3. A) Explain the objects, utility and importance of Cost Accounting. 15
OR
From the following particulars, prepare a cost sheet for the year ended 31-12-07.
Direct material Rs. 33,000 Office Rent Rs. 500
Direct wages ” 35,000 Water Supply ” 1,000
Direct Expenses ” 2,000 Factory insurance ” 1,000
Indirect wages ” 10,000 Office insurance ” 500
Factory Rent ” 7,000 Delivery van expenses ” 100
Lighting (factory) ” 2,000 Bad debt ” 200
Heating (factory) ” 1,000 Advertising ” 300
Motive power ” 4,000 Salesman salary ” 1,000
Director fee ” 1,000 Bank charges ” 100
Director fee (factory) ” 1,000 Sales commission ” 500
Factory cleaning ” 200 Depreciation
Office Expenses ” 100 Plant ” 300
Factor stationery ” 400 Office Building ” 700
Office stationery ” 500 Legal Expenses ” 300
Loose tools ” 500
The total sales has been 1,60,000.
B) Define the term overhead. Explain its various types. 15
OR
The following particulars have been extracted in respect of material ‘Z’. Prepare
a store ledger account pricing the material issue on the basis of ‘Last In First
Out’ method.
2007
January 1 Opening stock 220 units @ Rs. 9 each.
– ” – 4 Purchased 540 units @ Rs. 9.10 each
– ” – 5 Issued 280 units
– ” – 10 Purchased 180 units @ Rs. 8 each
– ” – 16 Issued 160 units
– ” – 18 Purchased 340 units @ Rs. 10 each
– ” – 25 Issued 200 units
4. Write short notes on (any 4) : 20
a) Utility of book-keeping
b) Ledger
c) LIFO and FIFO methods of pricing material
d) Purchase procedure
e) Time keeping and Time booking
f) Limitations of financial accounting
g) Trial Balance
––––––––––––––––
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