Anti Essay

658 WordsMay 11, 20133 Pages
[SURCA 205] BCA DEGREE EXAMINATION II SEMESTER ACCOUNTING AND FINANCIAL MANAGEMENT (Effective from the admitted batch 2008–09 onwards) Time: 3 Hours Max.Marks: 60 --------------------------------------------------------------------------------- ------------------Instructions: Each Unit carries 12 marks. Answer all units choosing one question from each unit. All parts of the unit must be answered in one place only. Figures in the right hand margin indicate marks allotted. ---------------------------------------------------------------------------------------------------- UNIT-I 1. Define the term Accounting? Explain the principles of Accounting OR 12 2. Prepare Trading and Profit & Loss Account and the Balance Sheet from the following particulars as on 31st March, 2008 Particulars Drawings Cash in hand Purchases Sales returns Establishment charges Taxes and insurance Bad debts Debtors Investments Opening stock Furniture Bills Receivable Dr (Rs.) 1,400 1,500 12,000 1,000 2,500 500 500 5,000 4,000 3,000 600 3,000 35,000 Particulars Capital Bank over draft Sales Purchase returns Provision for doubt full debts Creditors Commission Bills Payable Collected Sales Tax Cr (Rs.) 10,000 2,000 15,000 2,000 1,000 1,850 500 2,500 150 35,000 Further, you are required to take into consideration the following information: a) Salary Rs.100 and taxes Rs.400 are outstanding but insurance Rs.50 is prepaid. b) commission amounting to Rs.100 has been received in advance for work to be done next year c) Interest accrued in investments Rs.210 d) e) f) g) Provision for doubtfull debts is to be maintained at 20% Depreciation on furniture 10% p.a. Closing stock Rs.4,500 A fire is occurred on 25th March 2008 in the godown and stock of the value of Rs.1,000 was destroyed. It was fully insured and the insurance company admitted the claim in full 12 UNIT-II 3. What

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