BM102T
BM102T
UNIT 1
Book Keeping
Accounting –Introduction-Meaning and definition –
Types of Accounting-Accounting concepts and
conventions-Double Entry System -Accounting Rules
–Journal –Ledger –Subsidiary books- Trial balance-
Preparation of Profit and Loss A/C and Balance
Sheet-Advantages and disadvantages of Accounting –
Uses of Financial Statement – Accounting of Sole
Trading Concern and Non-trading concern.
PART A
1. What is accounting?
2. Define accounting.
3. What are the objectives of accounting?
4. What is book keeping?
5. Who are the different persons interested in
accounting information?
6. What are the limitations of accounting?
7. What is double entry system?
8. What do you understand by debit and credit?
9. Describe the three types of personal account.
10. State the rules for debiting and crediting.
11. What are real accounts? Give example.
12. What are nominal accounts? Give examples.
13. What is mercantile system of accounting?
14. Give a list of different accounting concepts and
conventions.
15. Write short notes on (a) business entity concept
(b) convention of materiality
16. What is accounting equation?
17. What are the stages in the accounting cycle?
18. What is journal?
19. What is ledger?
20. What are the subsidiary books?
21. What is a three columnar cash book?
22. What is petty cash book?
23. What is a trial balance?
24. List out the functions of trial balance.
25. Write short notes on (a) schedule of debtors (b)
schedule of creditors
26. What do you understand by final accounts?
27. What is the purpose of preparation of financial
statement?
28. What is balance sheet?
29. What is gross profit?
PART B
PART C
Adjustments:
i) The closing stock on 31.12.81 was 4,200.
ii) Write off 80 as Bad debts and create a
reserve for Bad debts at 5% on sundry
Debtors.
(iii) Four months rent is outstanding.
Unit 11
Single Entry System
Meaning and definition-Preparation of Trading,
Profit and loss A/C and Statement of Affairs –
Networth method –Conversion method – Difference
between Single entry system and Double Entry
system- difference between Balance sheet and
Statement of Affairs.
PART A
PART B
PART C
PART A
PART B
PART C
Additional Data:
(1) The club has 50 members, each paying Rs.
500 PA as subscription.
(2) Subscription outstanding on 31-3-2002
Rs.6,000
(3) Salaries outstanding Rs. 2,000. Salaries paid
include Rs. 6,000 for 2000-01.
(4) On 1-4-2001, the clubs properties were:
Buildings Rs. 2, 00,000 Furniture and
Fittings Rs. 20,000 and Books Rs. 20,000.
(5) Provide 10% Depreciation on Buildings and
Furniture.
Prepare Income and Expenditure Account
for the ending 31-3-2002 and a Balance sheet
on that date.
Unit 1V
Consignment Account.
Meaning –Accounting for Consignment transaction –
Stock valuation –Preparation of Consignment A/C-
Normal lass and Abnormal loss calculations.
PART A
1 What is consignment?
2 What are the features of consignment
transactions?
3 What do you understand by proforma- invoice?
4 What is an account sale?
5 What is Del credere commission? What is its
purpose?
6 What do you understand by recurring expenses
and non recurring expenses?
PART B
PART B
PART C
Unit V
Joint Venture
Meaning and definition –Difference between
Partnership and joint venture –Journal entries for
Joint Venture -Transactions when separate books for
Joint Venture is maintained.(Recorded Joint Venture
Transactions in own book is excluded).
PART A
A RS B RS
materials 68000 50000
Cement 13000 17000
wages 27000
Architecture 10000
fees
Licence fees 5000
Plant 20000
Plant was valued Rs 10000 at the end of the contact
and B agreed to take it at that value contact amount
of Rs 240000 was received by A. Show the Joint
venture account in the books of A.
PART C
Prepared by Dr.R.Krishnaveni.