Exam Details
| Subject | Basic Accounting | |
| Paper | ||
| Exam / Course | B.Sc Footwear Technology (BSCFWT) | |
| Department | School of Engineering & Technology (SOET) | |
| Organization | indira gandhi national open university | |
| Position | ||
| Exam Date | December, 2015 | |
| City, State | new delhi, |
Question Paper
004bB
No. of Printed Pages: 3 IBFW-04O I
B.Se. FOOTWEAR TECHNOLOGY (BSCFWT)
Term-End Examination
December, 2015
BFW-045 BASIC ACCOUNTING
Time: 3 hours Maximum Marks: 70
Note Answer five questions in all. Question no. 1 is compulsory.
1. Answer any five from the following:
Define Accounting.
Define Going Concern Concept.
Define Suspense Account.
Differentiate between Capital and Revenue expenditure.
Define Cash basis of accounting.
Define Accrual basis of accounting.
2. Define Trial Balance. What are the errors that do not affect the agreement of Trial Balance?
Show whether the following items will. be posted on Debit or Credit columns of Trial Balance:
Capital
Furniture
Purchase Return
Return Outward
Bank Balance
3. Define Journal Proper.
From the following transactions write down the journal entries and create respective ledger accounts:
Ram started business with a capital of Rs 1,50,000.
Ram purchased furniture worth Rs 20,000 from Swami Furniture.
Furniture found defective; he returned furniture worth Rs 5,000 to Swami Furniture.
He deposited cash Rs 20,000 into the bank.
Ram withdrew Rs 2,000 for his personal use.
4. What is depreciation Describe the different methods of charging depreciation.
Prepare Depreciation A/c and Asset A/c from the following:
1.4.2013 Mr. X purchased furniture for Rs 1,00,000.
1.4.2013 He purchased machinery for Rs 2,00,000.
30.6.2014 Mr. X sold furniture for Rs 85,000.
30.9.2014 He purchased another furniture for Rs 50,000.
Rate of depreciation:
Furniture 10%
Machinery 15%
5. What are the Golden Rules of accounting? Define with examples.
Classify the following into Real, Nominal and Personal Accounts:
Rent A/c
Ramesh A/c
Building A/c
Bank A/c
Car A/c
6. What are the various types of cash book?
Enter the following items in suitable type of cash book:
Mr. Y commences business with cash Rs 1,00,000.
He pays Rs. 2,300 for goods purchased and Rs 7,000 for furniture.
He pays rent Rs 2,000 and legal charges Rs 10,000.
He pays wages Rs 5,000 and cartage Rs 2,000.
He sold goods to X for Rs 10,000 but allows discount for Rs 2,000.
He introduced further capital of Rs 50,000 and withdrew Rs 2,000.
No. of Printed Pages: 3 IBFW-04O I
B.Se. FOOTWEAR TECHNOLOGY (BSCFWT)
Term-End Examination
December, 2015
BFW-045 BASIC ACCOUNTING
Time: 3 hours Maximum Marks: 70
Note Answer five questions in all. Question no. 1 is compulsory.
1. Answer any five from the following:
Define Accounting.
Define Going Concern Concept.
Define Suspense Account.
Differentiate between Capital and Revenue expenditure.
Define Cash basis of accounting.
Define Accrual basis of accounting.
2. Define Trial Balance. What are the errors that do not affect the agreement of Trial Balance?
Show whether the following items will. be posted on Debit or Credit columns of Trial Balance:
Capital
Furniture
Purchase Return
Return Outward
Bank Balance
3. Define Journal Proper.
From the following transactions write down the journal entries and create respective ledger accounts:
Ram started business with a capital of Rs 1,50,000.
Ram purchased furniture worth Rs 20,000 from Swami Furniture.
Furniture found defective; he returned furniture worth Rs 5,000 to Swami Furniture.
He deposited cash Rs 20,000 into the bank.
Ram withdrew Rs 2,000 for his personal use.
4. What is depreciation Describe the different methods of charging depreciation.
Prepare Depreciation A/c and Asset A/c from the following:
1.4.2013 Mr. X purchased furniture for Rs 1,00,000.
1.4.2013 He purchased machinery for Rs 2,00,000.
30.6.2014 Mr. X sold furniture for Rs 85,000.
30.9.2014 He purchased another furniture for Rs 50,000.
Rate of depreciation:
Furniture 10%
Machinery 15%
5. What are the Golden Rules of accounting? Define with examples.
Classify the following into Real, Nominal and Personal Accounts:
Rent A/c
Ramesh A/c
Building A/c
Bank A/c
Car A/c
6. What are the various types of cash book?
Enter the following items in suitable type of cash book:
Mr. Y commences business with cash Rs 1,00,000.
He pays Rs. 2,300 for goods purchased and Rs 7,000 for furniture.
He pays rent Rs 2,000 and legal charges Rs 10,000.
He pays wages Rs 5,000 and cartage Rs 2,000.
He sold goods to X for Rs 10,000 but allows discount for Rs 2,000.
He introduced further capital of Rs 50,000 and withdrew Rs 2,000.
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Subjects
- Advance Design
- Advanced Design - I
- Advanced Design - Ii
- Advanced Manufacturing Technique
- Art of Public Speaking - I
- Art Of Public Speaking - Ii
- Basic Accounting
- Finishing 1
- HRM
- Introduction To Marketing And Merchandising
- Managerial Development
- Marketing
- Marketing Basic
- Merchandising
- Polymer Technology
- Polymer Technology - I
- Production And Operation Management - III
- Production Operation Management - Ii
- Productivity - I
- Productivity And Operation Management - I
- Testing