BBM www.nagarjunauniversity.ac.in Model Question Paper : Acharya Nagarjuna University

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ACHARYA NAGARJUNA UNIVERSITY :: NAGARJUNA NAGAR
I BBM (Hons)
with effect from 2010-11
Model Question Paper
Paper – III (Part – II) :: Financial Accounting
Time: 3 Hours Max. Marks: 70

Model Question List : http://www.nagarjunauniversity.ac.in/pgsyllabus.asp
Model Question Paper : http://www.nagarjunauniversity.ac.in...bbmhonsmqp.pdf

SECTION – A
Answer any FOUR of the following: 4 x 5 = 20 Marks

1. Reserves and Provisions 5. Journal Proper
2. Trade Discount 6. Suspense Account
3. Capital Expenditure 7. Bank Reconciliation Statement
4. Trial Balance 8. Voucher

SECTION - B
Answer any ONE of the following questions from each unit: 5 x 10 = 50 Marks
UNIT – I

9. Distinguish between Book Keeping and Accounting. What are the functions of Accounting?
(OR)
10. Explain the advantages and disadvantages of computerized accounting.

UNIT – II
11. Record the following in concerned subsidiary books.
October 1 Purchased goods from Madhu at a price of Rs.75,000 less trade discount 10%
2 Sold Goods to Prasanna worth Rs.20,000
5 Purchased goods from T.A. Swamy Rs.28,000
7 Returned goods to Madhu at Rs.8,000
8 Goods returned by Prasanna Rs.5,000
10 Sold goods to Pradeep Rs.38,000
12 Goods returned by Pradeep Rs.4,000
(OR)

12. From the following particulars ascertain the balance that would appear in the pass book of Mr. Ram as on 31st December 1992.
(1) The Cash Book showed a credit balance of Rs.18,500
(2) Out of the cheques worth Rs.30,000 issued prior to this date, it was found that the Bank had paid only cheques worth Rs.14,500
(3) There was also a credit in the Pass Book for an amount paid by our customer direct into the Bank Rs.11,610.
(4) The Bank had also collect the Bill for Rs.8,200 which fell due on 31st December 1992.
(5) Rs.950 in respect of a cheque paid in but dishonoured appear in the Pass Book only.
(6) Cheques paid in before 31st December 1992 amounted to Rs.23,000 but the bank had collected and credited cheques worth Rs.9,000.
(7) Interest on Investments collected by Bank and credited in the Pass Book amounts to Rs.95.
(8) There was an entry on the debit side in the Pass Book for bank charges Rs.25.