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Roll No. Total No. of Pages : 02

Total No. of Questions : 07
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B.Com. (2013 to 2017 Batch)22815 (Sem.–1)
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FINANCIAL ACCOUNTING
Subject Code : BCOP-101
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ID : [B1101]
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Time : 3 Hrs. Max. Marks : 60

22815 INSTRUCTIONS
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1. SECTION-A is COMPULSORY consisting of TEN questions carrying T WO marks
each.
2. SECTION-B contains SIX questions carrying TEN marks each and students have
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questions. 22815 22815 22815 22815 22815

SECTION-A
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1.
22815

Answer briefly :
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o m 22815 22815 22815 22815

22815 22815 a) Define22815

Gross Profit.22815 .r c22815 22815 22815 22815 22815

p e
b) Objectives of Fixed Installment Method.
m
pa o
.r c
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c) What are Bills of Exchange?

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br
d) What is Accounting Cycle?
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p e
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e) What is Average Due Date?

p a
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f) Define Doubtful Debts.
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g) What are Final Accounts?

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22815 22815 h) What 22815

is Journal? 22815 22815 22815 22815 22815 22815

i) What is Trial Balance?

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j) What is a Reserve?

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22815 1 | M-22001
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SECTION-B

2. What are accounting principles? Discuss in detail.

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3. Explain the different types of subsidiary books.

22815 4.
22815 The bank22815
pass book of22815
Mr. Sohan showed
22815 an overdraft
22815 of Rs. 5220
22815as on Dec 22815
31, 2017. 22815
The following differences were noted :

a) Cheques deposited but not yet credited by bank Rs. 6000.

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b) Cheques dishonoured and debited by bank but not given effect to it in the ledger
Rs. 800.
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c) Bank charges debited by bank but debit memo not received from Bank Rs. 50.

d) Interest on overdraft excess credited in the ledger Rs. 200.

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o m 22815 22815

e) Wrongly credited by bank to account, deposit of some other party Rs. 900.
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22815 22815 f) Cheques

22815issued but not
.r c
22815yet presented for payment22815
22815 Rs. 400. 22815 22815 22815

p e m
You are required to prepare Bank Reconciliation Statement as on that date.

pa o
.r c
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5. What is Depreciation? Discuss the different methods of evaluation of depreciation.

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6.
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br
Write a detailed note on Self balancing ledgers.
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p
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7.
a
What is a Promissory Note? Discuss the advantages and uses of promissory notes.

p
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22815 2 | M-22001
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