File Details:

{"file_name":"bba-1-sem-financial-accounting-np-3042-dec-2014.pdf","subject":"Financial Accounting","exam":"BBA I Semester Examination, December 2014","course_code":"BBA-105 (Old Course-I)","maximum_marks":75,"time_allowed":"Three Hours"}

Questions:

  1. Define Accounting.
  2. What is the difference between Book-keeping and Accounting?
  3. What is meant by ledger? Why is it maintained?
  4. What are objectives of a trial balance?
  5. State briefly the necessity of providing depreciation.
  6. Prepare a Bank Reconciliation Statement from the given particulars.
  7. Show the Machinery Account up to 31st December, 2013 based on the given transactions.
  8. What are different classes of errors? Which of them do not affect a trial balance?
  9. Prepare an Income and Expenditure Account for the year ended 31st March, 2010 from the given Receipts and Payment Account.
  10. What is goodwill? What are the various methods of valuation of goodwill? Discuss with examples.
  11. What is Realization Account? How and when is it prepared? How does it differ from revaluation account?
  12. Prepare necessary Accounts and new Balance Sheet for the given scenario of Geetika's retirement.
  13. Explain the accounting policy relating to stock valuation.
  14. What are the basic concepts of Financial Accounting? What are their limitations?
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