S.S GOVERNMENT ARTS COLLEGE, TIRUTTANI. S.S GOVERNMENT ARTS COLLEGE, TIRUTTANI.

B.B.A. (I year, I Sem) Model Examination Date: 20/10/2017 B.B.A. (I year, I Sem) Model Examination Date: 20/10/2017
Maximum: 75 Marks Financial Accounting Time: 2 Hrs Maximum: 75 Marks Financial Accounting Time: 2 Hrs
Section-A Answer any TEN questions (10 X 2 = 20 marks) Section-A Answer any TEN questions (10 X 2 = 20 marks)
1. Define Accounting. 1. Define Accounting.
2. What is Journal? 2. What is Journal?
3. What do you understand by Final Accounts? 3. What do you understand by Final Accounts?
4. When do you prepare a “Manufacturing Account”? 4. When do you prepare a “Manufacturing Account”?
5. Explain the meaning of “Non treading organisation”. 5. Explain the meaning of “Non treading organisation”.
6. Define Partnership. 6. Define Partnership.
7. Define the Profit Sharing Ratio. 7. Define the Profit Sharing Ratio.
8. Write the meaning of Depreciation. 8. Write the meaning of Depreciation.
9. Define write down value method. 9. Define write down value method.
10. Define the Annuity method. 10. Define the Annuity method.
11. Write the features of Single entry system. 11. Write the features of Single entry system.
12. Define Conversion method. 12. Define Conversion method.
Section-B Answer any FIVE questions (5 X 5 = 25 marks) Section-B Answer any FIVE questions (5 X 5 = 25 marks)
13. Enter the following transaction in simple cash Book of Shri Subramanian 1999. 13. Enter the following transaction in simple cash Book of Shri Subramanian 1999.
Apr 1 Commenced business with cash 24,000 Apr 1 Commenced business with cash 24,000
5 Bought goods for cash 6,000 5 Bought goods for cash 6,000
10 Goods sold for cash 11,200 10 Goods sold for cash 11,200
13 Paid into bank 2,500 13 Paid into bank 2,500
14 Sold goods to Ganesan on credit 9,000 14 Sold goods to Ganesan on credit 9,000
15 Bought goods from mohan on credit 13,600 15 Bought goods from mohan on credit 13,600
20 Purchased furniture 9,600 20 Purchased furniture 9,600
21 Purchased stationary 160 21 Purchased stationary 160
23 Received cheque from Ganesan 9,000 23 Received cheque from Ganesan 9,000
25 Paid Mohan 13,600 25 Paid Mohan 13,600
26 Received commission 740 26 Received commission 740
27 Paid Telephone charges 300 27 Paid Telephone charges 300
30 Drawn from Bank 3,800 30 Drawn from Bank 3,800
14. Distinguish between Journal & Ledger. 14. Distinguish between Journal & Ledger.
15. Prepare Trading Account of Archana for the year ending 31/12/96 from the following information : 15. Prepare Trading Account of Archana for the year ending 31/12/96 from the following information :
Opening stock 80,000 Opening stock 80,000
Purchases 8,60,000 Purchases 8,60,000
Freight Inwards 52,000 Freight Inwards 52,000
Wages 24,000 Wages 24,000
Sales 14,40,000 Sales 14,40,000
Purchase Returns 10,000 Purchase Returns 10,000
Sales Returns 3,16,000 Sales Returns 3,16,000
Closing stock 1,00,000 Closing stock 1,00,000
Import duty 30,000 Import duty 30,000
16. “Preparation of Final Accounts is the culmination of the accounting process” Explain. 16. “Preparation of Final Accounts is the culmination of the accounting process” Explain.
17. A Partner makes drawings of Rs. 2,000 P.M. under the partnership deed. Interest is to be charged to 17. A Partner makes drawings of Rs. 2,000 P.M. under the partnership deed. Interest is to be charged to
the partner if the amount was drawn (i) in the beginning of month (ii) in the middle of the month (iii) the partner if the amount was drawn (i) in the beginning of month (ii) in the middle of the month (iii)
at the end of the month. at the end of the month.
18. A company purchased a plant for Rs. 50,000. The useful life of the plant is 10 years and the residual 18. A company purchased a plant for Rs. 50,000. The useful life of the plant is 10 years and the residual
value is Rs.10,000. Find out the rate of depreciation under the straight line method. value is Rs.10,000. Find out the rate of depreciation under the straight line method.
19. Find out profit by using statement of affairs method from the following data. 19. Find out profit by using statement of affairs method from the following data.
Capital at the beginning of the year 8,00,000 Capital at the beginning of the year 8,00,000
Drawings during the year 1,80,000 Drawings during the year 1,80,000
Capital at the end of the year 9,00,000 Capital at the end of the year 9,00,000
Capital introduced during the year 50,000 Capital introduced during the year 50,000
 Section-C Answer any THREE questions (3 X 10 = 30 marks) Section-C Answer any THREE questions (3 X 10 = 30 marks)
20. Prepare Income & Expenditure A/C Rs. Rs. 20. Prepare Income & Expenditure A/C Rs. Rs.
Fee collected, including Rs. 80,000 on Meeting expenses Fee collected, including Rs. 80,000 on Meeting expenses
previous year 3,80,000 18,000 previous year 3,80,000 18,000
Salary paid, including Rs. 3,000 on A/C 10,000 Travelling expenses Salary paid, including Rs. 3,000 on A/C 10,000 Travelling expenses
of the previous year 28,000 6,000 of the previous year 28,000 6,000
Salary outstanding at the end of the Purchase of Book & Salary outstanding at the end of the Purchase of Book &
year 1,000 (Including Rs. 19,000 for year 1,000 (Including Rs. 19,000 for
Purchase of Book) 29,000 Purchase of Book) 29,000
Entertainment expenses 3,000 Rent 10,000 Entertainment expenses 3,000 Rent 10,000
Tournament expenses 12,000 Postage 15,000 Tournament expenses 12,000 Postage 15,000
Printing & Stationary 4,000 Printing & Stationary 4,000
Donations received 20,000 Donations received 20,000

21. The following are the ledger balances extracted from the books of Weifa. 21. The following are the ledger balances extracted from the books of Weifa.
Rs. Rs. Rs. Rs.
Weifa’s capital 50,000 Sales 3,01,000 Weifa’s capital 50,000 Sales 3,01,000
Bank overdraft 8,400 Return inwards 5,000 Bank overdraft 8,400 Return inwards 5,000
Furniture 5,200 Discount (cr) 800 Furniture 5,200 Discount (cr) 800
Business premises 40,000 Taxes & Insurance 4,000 Business premises 40,000 Taxes & Insurance 4,000
Creditors 26,600 General Expenses 8,000 Creditors 26,600 General Expenses 8,000
Opening stock 44,000 Salaries 18,000 Opening stock 44,000 Salaries 18,000
Debtors 36,000 Commission allowed 4,400 Debtors 36,000 Commission allowed 4,400
Rent from tenants 2,000 Carriage on purchases 3,600 Rent from tenants 2,000 Carriage on purchases 3,600
Purchases 2,20,000 Provision for Doubtful debts 1,000 Purchases 2,20,000 Provision for Doubtful debts 1,000
Bad debts written off 1,600 Bad debts written off 1,600
Adjustments:- Adjustments:-
1. Stock on hand on 31/12/1995 was estimated as Rs. 40,120. 5. Stock on hand on 31/12/1995 was estimated as Rs. 40,120.
2. Write off depreciation on business premises Rs. 600 and furniture Rs.520. 6. Write off depreciation on business premises Rs. 600 and furniture Rs.520.
3. Make a provision of 5% on debtors for bad & doubtful debts. 7. Make a provision of 5% on debtors for bad & doubtful debts.
4. Allow interest on capital at 5% and carry forward Rs. 1,400 for unexpired insurance. 8. Allow interest on capital at 5% and carry forward Rs. 1,400 for unexpired insurance.
Prepare Final Accounts for the year ended 31/12/1995. Prepare Final Accounts for the year ended 31/12/1995.
22. A firm earns Rs.1,20,000 as its annual profits, the rate of normal profit being 10%. The assets of the firm 22. A firm earns Rs.1,20,000 as its annual profits, the rate of normal profit being 10%. The assets of the
amount to Rs. 14,40,000 and liabilities to Rs. 4,80,000. Find out the value of goodwill by Capitalisation firm amount to Rs. 14,40,000 and liabilities to Rs. 4,80,000. Find out the value of goodwill by
method. Capitalisation method.
23. A Second hand machine was purchased on 1.1.90 for Rs. 30,000 and repair charges amounted to Rs. 6000. 23. A Second hand machine was purchased on 1.1.90 for Rs. 30,000 and repair charges amounted to Rs.
It was installed at a cost of Rs. 4000, on 1st July 1991 another machine was purchased for Rs. 26,000 on 1st 6000. It was installed at a cost of Rs. 4000, on 1st July 1991 another machine was purchased for Rs.
July 1992 the first machine was sold for Rs. 30,000 on the same day, one more machine was bought for Rs. 26,000 on 1st July 1992 the first machine was sold for Rs. 30,000 on the same day, one more machine
25,000 on 31.12.92 the machine bought on 1st July 1991 was sold for Rs. 23,000. Accounts are closed every was bought for Rs. 25,000 on 31.12.92 the machine bought on 1st July 1991 was sold for Rs. 23,000.
year on 31st December. Depreciation is written off at 15% per annum. Prepare the machinery A/C for 3 Accounts are closed every year on 31st December. Depreciation is written off at 15% per annum.
years ending 31.12.1992. Prepare the machinery A/C for 3 years ending 31.12.1992.
24. Mohan, a retail merchant commenced business with a capital of Rs. 12,000 on 1.1.94 subsequently on 24. Mohan, a retail merchant commenced business with a capital of Rs. 12,000 on 1.1.94 subsequently on
1.5.94 he invested further capital of Rs. 5000. During the year he has withdrawn Rs. 2,000 for his personal 1.5.94 he invested further capital of Rs. 5000. During the year he has withdrawn Rs. 2,000 for his
use, on 31.12.94 his assets and liabilities were as follows personal use, on 31.12.94 his assets and liabilities were as follows
Cash at Bank 3000 Cash at Bank 3000
Debtors 4000 Debtors 4000
Stock 16,000 Stock 16,000
Furniture 2,000 Furniture 2,000
Creditors 5,000 Creditors 5,000

Calculate the Profit (or) loss made during the year 1994. Calculate the Profit (or) loss made during the year 1994.
 S.S GOVERNMENT ARTS COLLEGE, TIRUTTANI. S.S GOVERNMENT ARTS COLLEGE, TIRUTTANI.
B.B.A. (I year, II Sem) Model Examination Date: 28/02/2018 B.B.A. (I year, II Sem) Model Examination Date: 28/02/2018
Maximum: 50 Marks Management Accounting Time: 2 Hrs Maximum: 50 Marks Management Accounting Time: 2 Hrs
Section-A Answer any FIVE questions (5 X 2 = 10 marks) Section-A Answer any FIVE questions (5 X 2 = 10 marks)
1. Define Management Accounting. 1. Define Management Accounting.
2. What are the importance of Management Accounting? 2. What are the importance of Management Accounting?
3. What are the Techniques of Financial Statement Analysis? 3. What are the Techniques of Financial Statement Analysis?
4. What is Common-Size Statement? 4. What is Common-Size Statement?
5. What is Trend Analysis? 5. What is Trend Analysis?
6. What is Funds Flow Statement? 6. What is Funds Flow Statement?
7. Define Cash Budget. 7. Define Cash Budget.
Section-B Answer any FOUR questions (5 X 4 = 20 marks) Section-B Answer any FOUR questions (5 X 4 = 20 marks)
8. Define the scope of Management Accounting 8. Define the scope of Management Accounting
9. What are the importance of Analysis and Interpretation? 9. What are the importance of Analysis and Interpretation?
10. Prepare a comparative income statement of Vinayaka Travels Ltd., for the year 10. Prepare a comparative income statement of Vinayaka Travels Ltd., for the year
ending 31st March 2006 & 2007 from the following ending 31st March 2006 & 2007 from the following
2006 31st March 2007 31st March 2006 31st March 2007 31st March
Purchases less returns 80,000 1,50,000 Purchases less returns 80,000 1,50,000
Other direct expenses 20,000 50,000 Other direct expenses 20,000 50,000
Sales 1,80,000 2,60,000 Sales 1,80,000 2,60,000
Office expenses 20,000 25,000 Office expenses 20,000 25,000
Selling expenses 10,000 15,000 Selling expenses 10,000 15,000
Finance expenses 10,000 8,000 Finance expenses 10,000 8,000
Profit 40,000 12,000 Profit 40,000 12,000
11. State the effect on working capital caused by the following 11. State the effect on working capital caused by the following
Increase in Cash Rs. 1.700 Increase in Cash Rs. 1.700
Increase in Stock Rs. 1,600 Increase in Stock Rs. 1,600
Decrease in Debtors 500 Decrease in Debtors 500
Rs. Rs.
Decrease in 2,500 Decrease in 2,500
Creditors Rs. Creditors Rs.
12. You are required to prepare a production budget for the half year ending june 12. You are required to prepare a production budget for the half year ending june
2000 from the following 2000 from the following
product Budgeted sales Actual Stock on Desired Stock on product Budgeted sales Actual Stock on Desired Stock on
quantity (Units) 31/12/99 30/06/2000 quantity (Units) 31/12/99 30/06/2000
(Units) (Units) (Units) (Units)
S 20,000 4,000 5,000 S 20,000 4,000 5,000
T 50,000 6,000 10,000 T 50,000 6,000 10,000
Section-C Answer any Two questions (2 X 10 = 20 marks) Section-C Answer any Two questions (2 X 10 = 20 marks)
13. Distinguish between Financial Accounting & Management Accounting. 13. Distinguish between Financial Accounting & Management Accounting.
14. Malar Ltd. Furnish you the following Balance Sheets for the years ending 31st Dec. 14. Malar Ltd. Furnish you the following Balance Sheets for the years ending 31 st Dec.
1985-86. You are required to prepare a cash flow statement for the year ended 1985-86. You are required to prepare a cash flow statement for the year ended
31-12-1986. 31-12-1986.
Balance Sheet Balance Sheet
Liabilities 1985 1986 Assets 1985 1986 Liabilities 1985 1986 Assets 1985 1986
(Rs.) (Rs.) (Rs.) (Rs.) (Rs.) (Rs.) (Rs.) (Rs.)
Equity Share Capital 20,000 20,000 Goodwill 2,400 2,400 Equity Share Capital 20,000 20,000 Goodwill 2,400 2,400
General reserve 2,800 3,600 Land 8,000 7,200 General reserve 2,800 3,600 Land 8,000 7,200
Profit and Loss A/c 3,200 2,600 Building 7,400 7,200 Profit and Loss A/c 3,200 2,600 Building 7,400 7,200
Sundry creditors 1,600 1,080 Investments 2,000 2,200 Sundry creditors 1,600 1,080 Investments 2,000 2,200
Outstanding 240 160 Inventories 6,000 4,680 Outstanding 240 160 Inventories 6,000 4,680
expenses expenses
Provision for tax 3,200 3,600 A/cs receivable 4,000 4,440 Provision for tax 3,200 3,600 A/cs receivable 4,000 4,440
Provision for bad 80 120 Bank balance 1,320 3,040 Provision for bad 80 120 Bank balance 1,320 3,040
debts debts
31,120 31,160 31,120 31,160 31,120 31,160 31,120 31,160
Following additional information has been supplied Following additional information has been supplied
(i) A piece of land has also been sold for Rs. 800. (iv) A piece of land has also been sold for Rs. 800.
(ii) Depreciation amounting to Rs.1,400 has been charged on building. (v) Depreciation amounting to Rs.1,400 has been charged on building.
(iii) Provision for taxation has been made for Rs. 3,800 during the year. (vi) Provision for taxation has been made for Rs. 3,800 during the year.
15. From the following data forecast the cash position at the end of April, May, 15. From the following data forecast the cash position at the end of April, May,
June 1998. June 1998.
Month 1998 Sales (Rs.) Purchases (Rs.) Wages( Rs.) Sales expenses Month 1998 Sales (Rs.) Purchases (Rs.) Wages( Rs.) Sales expenses
(Rs.) (Rs.)
February 1,20,000 80,000 10,000 7,000 February 1,20,000 80,000 10,000 7,000
March 1,30,000 98,000 12,000 9,000 March 1,30,000 98,000 12,000 9,000
April 70,000 1,00,000 8,000 5,000 April 70,000 1,00,000 8,000 5,000
May 1,16,000 1,03,000 10,000 10,000 May 1,16,000 1,03,000 10,000 10,000
June 85,000 80,000 8,000 6,000 June 85,000 80,000 8,000 6,000
Further information: Further information:
Sales at 10% realised in the month of sales. Balance equally realised in two Sales at 10% realised in the month of sales. Balance equally realised in two
subsequent months. subsequent months.
Purchases : Creditors are paid in the month following the month of supply. Purchases : Creditors are paid in the month following the month of supply.
Wages : 20% paid in arears in the following month. Wages : 20% paid in arears in the following month.
Sundry expenses paid in the month itself. Sundry expenses paid in the month itself.
Income tax Rs. 20,000 payable in June. Income tax Rs. 20,000 payable in June.
Divident Rs. 12,000 payable in June. Divident Rs. 12,000 payable in June.
Income from investments Rs. 2,000 received half-yearly in March and Income from investments Rs. 2,000 received half-yearly in March and
September. September.
Cash balance on hand as on 1-4-98 Rs. 40,000. Cash balance on hand as on 1-4-98 Rs. 40,000.