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Fundamentals of Accounting SOLVED ASSIGNMENT 2016 (Code: Bba-101)

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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

 

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