JAIPUR NATIONAL UNIVERSITY SOLVED ASSIGNMENT HELP 2016-17
Product Details: JAIPUR NATIONAL UNIVERSITY SOLVED ASSIGNMENT HELP
Product Name: Fundamentals of Accounting
Format: PDF OR WORD FILE by email attachment same day
Pub. Date: NEW EDITION Current assignment
Edition Description: 2016-17
Rating : GRADE A QUALITY DIFFERENT ASSIGNMENT TO DIFFERENT USER
Internal Assignment No. 1
Bachelor of Business Administration (BBA)
Paper Code: BBA – 101
Paper Title: Fundamentals of Accounting
Last date of submission: Max. Marks: 15
Note : Question No. 1 is of short answer type and is compulsory for all the students. It carries 5 Marks. (Word limits 50-100)
Q. 1. Answer all the questions:
(i) What do you mean by accounting?
(ii) Distinguish between Profit and Loss Account and trading a/c.
(iii) What do you mean by incomplete records?
(iv) What do you mean by forfeited of share? Explain with example.
(v) Explain any one method of depreciation .
Note: Answer any two questions. Each question carries 5 marks (Word limits 500)
Q. 2. What do you mean by accounting? Who are the users of accounting? Explain its scope.
Q. 3. Define debenture. Explain the various types of debentures.
Q. 4. Journalise the following transactions in the books of M/s Sohan & sons:
2008 Rs.
Jan., 01 Goods purchase for cash 1,200
Jan., 02 Purchase good from Ram 1,500
Jan., 04 Goods sold to Laxman 1,000
Jan., 05 Furniture purchase for cash 800
Jan., 07 Charge interest on capital 2,500
Jan., 11 Goods return from Laxman 200
Jan., 12 Goods return to Ram 500
Jan., 14 Withdrew from bank for private use 6,000
Jan., 16 Give in charity: Cash 100
Goods 200
Jan., 19 Salaries paid by cheque 4,000
Jan., 21 Goods sold to Sachin on 10% trade discount and 8% Cash discount 1,000
Jan., 23 Laxman become insolvent and could pay only 75 paise in a rupee
Jan., 26 Proprietor took goods for his personal use 2,000
Jan., 29 Postage Rs. 200 and Rent Rs. 1000 Paid
Jan., 31 Received Rs. 4,000 from insurance company
Internal Assignment No. 2
Bachelor of Business Administration (BBA)
Paper Code: BBA – 101
Paper Title: Fundamentals of Accounting
Last date of submission: Max. Marks: 15
Note : Question No. 1 is of short answer type and is compulsory for all the students. It carries 5 Marks. (Word limits 50-100)
Q. 1. Answer all the questions:
(i) Define accounting. Give the main objectives of accounting.
(ii) What do you mean by depreciation? Give two reason of decrease in the value of assets.
(iii) What is income and expenditure account? How is it differentiate for receipt and payment account?
(iv) Write down the different type of shares.
(v) What do you mean by redemption of debenture?
Note: Answer any two questions. Each question carries 5 marks (Word limits 500)
Q. 2. What do you mean by accounting concepts and conventions? Explain briefly important accounting concept.
Q. 3. What are redeemable [reference shares? Discuss the different methods of redeeming the redeemable preference shares.
Q. 4. From the following Trial Balance and other information of Mohan lal , prepare Trading Account and Profit & Loss Account for the year ended 31st March, 2012 and a Balance Sheet as on that date:
Trial Balance as on 31st March, 2012
|
Name of Accounts
|
Debit Rs.
|
Credit Rs.
|
|
Drawing and Capital
|
24,000
|
1,00,000
|
|
Purchase and Sales
|
1,50,000
|
3,12,000
|
|
Debtors and Creditors
|
2,00,000
|
1,20,000
|
|
Opening Stock
|
50,000
|
|
|
Returned Inwards/ Outwards
|
10,000
|
5,000
|
|
Bad Debts
|
7,000
|
|
|
Salaries
|
30,000
|
|
|
Office expenses
|
12,000
|
|
|
Provision for depreciation
|
|
2,000
|
|
Interest
|
|
4,000
|
|
Printing and Stationary
|
8,000
|
|
|
Furniture
|
20,000
|
|
|
Provision for doubtful debts
|
|
6,000
|
|
Wages
|
20,000
|
|
|
Insurance
|
12,000
|
|
|
Rent
|
15,000
|
|
|
|
5,58,000
|
5,58,000
|
Adjustment:
1) Closing Stock Rs. 60,000
2) Depreciate furniture by 10% on original cost.
3) Salaries for the month of March, 2012 amounting to Rs. 3,000 were unpaid which must be provided for. However salaries included Rs. 2,000 is prepaid.
4) Insurance amounting to Rs. 2,000 is prepaid.
5) Outstanding office expenses Rs. 8,000
BBA Assignments