BC 01

057
BC-01
December - Examination 2019
B. Com. Pt. I Examination
Financial Accounting
Paper - BC-01
Time : 3 Hours ] [ Max. Marks :- 70
Note: The question paper is divided into three sections A, B and C.

Write answers as per the given instructions.
{ZX}e : ¶h àíZ nÌ "A', "~' Am¡a "g' VrZ IÊS>m| ‘| {d^m{OV h¡& àË¶oH$
IÊS> Ho$ {ZX}emZwgma àíZm| Ho$ CÎma Xr{OE&
Section - A 7 × 2 = 14
(Very Short Answer Questions)
Note: Answer all questions. As per the nature of the question
delimit your answer in one word, one sentence or
maximum up to 30 words. Each question carries 2 marks.
(IÊS> - "A')
(A{V bKw CÎmar¶ àíZ)
{ZX}e : g^r àíZm| Ho$ CÎma Xr{OE& Amn AnZo CÎma H$mo àíZmZwgma EH$ eãX,
EH$ dm³¶ ¶m A{YH$V‘ 30 eãXm| ‘| n[agr{‘V H$s{OE& àË¶oH$ àíZ
2 A§H$m| H$m h¡&
BC-01 / 400 / 5 (1) (P.T.O.)

057
1) (i) Explain entity Concept.
ApñVÎd gå~ÝYr AdYmaUm g‘PmB¶o&
(ii) ‘‘Debit the receiver credit the giver’’ this role is related to
which type of account?
""nmZo dmbo H$mo S>o{~Q> VWm XoZo dmbo H$mo H«o${S>Q>H$amo'' ¶h {Z¶‘ {H$g
àH$ma Ho$ ImVm| Ho$ {bE h¡?
(iii) When suspense account is opened?
CMÝVr ImVm H$~ Imobm OmVm h¡?
(iv) Give any two examples of capital loss.
ny§OrJV hm{Z Ho$ H$moB© Xmo CXmhaU Xmo&
(v) Explain ‘‘Error of Commission’’.
""{hgm~ gå~ÝYr Aew{Õ'' g‘PmB¶o&
(vi) Give the formula of findingout depreciation on the basis of
fixed instalment method.
ñWm‘r {H$ñV {d{Y go ‘yë¶ õmg {ZH$mbZo H$m gyÌ {bImo&
(vii) Give opening entry if total assets of a firm is Rs.2,00,000
and liabilities (outside) are Rs.1,40,000 as on 31st march
2019.
31 ‘mM© 2019 H$mo ’$‘© H$s Hw$b gån{V¶m± 2,00,000 é. d
Xm{¶Ëd (~mhar) é.1,40,000 hmo Vmo àmapå^H$ à{dpîQ>> ~ZmB¶o&
Section - B 4 × 7 = 28
(Short Answer Questions)
Note: Answer any four questions. Each answer should not
exceed 200 words. Each question carries 7 marks.
BC-01 / 400 / 5 (2) (Contd.)

057
(IÊS> - ~)
(bKw CÎmar¶ àíZ)
{ZX}e : {H$Ýht Mma àíZm| Ho$ CÎma Xr{OE& Amn AnZo CÎma H$mo A{YH$V‘
200 eãXm| ‘| n[agr{‘V H$s{OE& àË¶oH$ àíZ 7 A§H$m| H$m h¡&
2) Prepare Total Debtors Account from the following :
{ZåZm§{H$V go Hw$b XoZXma ImVm ~ZmB¶o&
é.
(i) Opening balance of clebtors (XoZXmam| H$m àm. eof) 1,00,000
(ii) Total Credit Sales (Hw$b CYma {dH«$s) 1,50,000
(iii) Sales returns ({dH$²>¶ dmngr) 5,000
(iv) Cash received (ZJX àmßV {H$¶m) 1,60,000
(v) Discount allowed (~Å>m {X¶m) 4,000
(vi) Bills Receivable (àmß¶ {~b) 10,000
(vii) Bill Receivable dishonoured ({~b AZmÑV hþAm) 4,000
(viii) B/R discounted with bank ({~b ~¢H$ go ^wZm¶o) 2,000
3) What is Memorandum Joint venture Statement? Why and how

is it prepared?
EH$ ñ‘aUmW© g§¶wº$ gmhg {ddaU ³¶m h¡? ¶h ³¶m| Am¡a H¡$go V¡¶ma {H$¶m
OmVm h¡?
4) What do you understand by ‘‘Consignment of goods’’.? Explain
the difference between Consignment and sale.
‘mbH$m àofU go Amn ³¶m g‘PVo h¢? àofU d {dH«$¶ ‘| AÝVa ~VmB¶o&
5) Write the journal entries in the books of purchaser. Which is
purchased goods under installment payment system.
H«o$Vm H$s nwñVH$m| ‘| OZ©b à{d{îQ>¶m± Xr{O¶o& ¶{X CgZo {H$ñV ^wJVmZ
BC-01 / 400 / 5 (3) (P.T.O.)

057
nÕ{V Ho$ AÝVJ©V ‘mb IarXm hmo&

6) Write short notes on the following.
{ZåZm§{H$V na g§{jßV {Q>ßn{U¶m§ {bImo&
(i) Outstanding Expenses (AXÎm ì¶¶)
(ii) Unearned Income (AZwnm{O©V Am¶)
7) Differentiate between Provision & Reserve.
Am¶moOZ d g§M¶ ‘| AÝVa ~VmB¶o&
8) Explain ‘‘Accounting Cycle’’.
""boIm§H$Z MH«$'' H$mo g‘PmB¶o&
9) Explain reducing balancing system of depreciation.
‘yë¶ õmg H$s KQ>Vr hþB© eof nÕ{V Vmo g‘PmB¶o&
Section - C 2 × 14 = 28
(Long Answer Questions)
Note: Answer any two questions. You have to delimit your each
answer maximum up to 500 words. Each question carries
14 marks.
(IÊS> - g)
(XrK© CÎmar¶ àíZ)
{ZX}e : {H$Ýht Xmo àíZm| Ho$ CÎma Xr{OE& Amn AnZo CÎma H$mo A{YH$V‘ 500
eãXm| ‘| n[agr{‘V H$s{OE& àË¶oH$ àíZ 14 A§H$m| H$m h¡&
10) Write a note on ‘‘Persons Interested in Accounting’’.
""boIm§H$Z ‘| é{M aIZodmbo ì¶{º$¶m|'' na EH$ boI {bImo&
11) Write Short notes on the following :
{ZåZm§{H$V na g§{jßV {Q>ßn{U¶m§ {bImo&
(i) Inter Branch Transaction (AÝV… emIm ì¶dhma)
BC-01 / 400 / 5 (4) (Contd.)
057
(ii) Goods in Transit (‘mJ© ‘| ‘mb)

(iii) Cash in Transit (‘mJ© ‘| amoH$‹S>)
12) Journalize the following transactions :
{ZåZm§{H$V ì¶dhmam| H$s OZ©b à{d{îQ> Xr{O¶o …
é.
(i) Capital introduced (ny§Or VJmB©) 1,00,000
(ii) Goods purchased (‘mb H«$¶ {H$¶m) 75,000
(iii) Good sold to Ram (am‘ H$mo ‘mb ~oMm) 70,000
(iv) Rent Paid ({H$am¶m MwH$m¶m) 7,000
(v) Drawings (AmhaU) 5,000
(vi) Cash received from Ram in full settlement 68,000
(am‘ go nyU© ^wJVmZ Ho$ ~Xbo én¶o àmßV hþE)
13) Prepare Trading Account from the following :
{ZåZm§{H$V go ì¶mnma ImVm ~ZmB¶o …
é.
(i) Opening stock (àma§{^H$ ñQ>m°H$) 10,000
(ii) Cash purchases (ZJX H«$¶) 50,000
(iii) Credit purchases (CYma H«$¶) 40,000
(iv) Purchases Return (H«$¶ dmngr) 2,000
(v) Wages (‘OXÿar) 3,000
(vi) Carriage inward (AmdH$ Jm‹S>r ^m‹S>m) 4,000
(vii) Sales return ({dH«$¶ dmngr) 1,000
(viii) Closing Stock (A§{V‘ ñQ>m°H$) 10,000
(ix) Sale ({dH«$¶) 1,25,000
BC-01 / 400 / 5 (5)

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057

Note: The question paper is divided into three sections A, B and C.

BC-01 / 400 / 5 (1) (P.T.O.)

BC-01 / 400 / 5 (2) (Contd.)

3) What is Memorandum Joint venture Statement? Why and how

BC-01 / 400 / 5 (3) (P.T.O.)

nÕ{V Ho$ AÝVJ©V ‘mb IarXm hmo&

(ii) Goods in Transit (‘mJ© ‘| ‘mb)

BC-01 / 400 / 5 (5)

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