NATIONAL UNIVERSITY OF MODERN LANGUAGES

`Faculty of Management Sciences

BBA-1–Morning- End Term Examination –Fall 2021

Paper: Introduction to Accounting Total marks :25

Time: 2 hours

Q. 1
Cash $50,000. Account receivable. Prepaid studio rent. Unexpired insurance. Supplies.
Equipment. . Accumulated depreciation: equipment. Note payable, $1000. Account
payable. Salaries payable. Income tax payable. Unearned studio revenue. Capital. Loan
from bank. Furniture. Studio revenue earned. Salary expense $500. Supplies expense. Rent
expense. Insurance expense. Advertisement expense.Depriciation expense equipment.
Interest expense. Income tax expense. Dividend. Retained Earnings.
a. Prepara trial Balance from the Accounts Titles given above assuming and assigning
Values by Yourself for Hassan’s Studio for the year 2020(some Amounts are given)
b. Prepare closing entries
c. Prepare an after closing trial balance (Marks)

Q. 2

Q. 3