No.
of Printed Pages : 8 BCOC-131
BACHELOR OF COMMERCE (GENERAL)
(BCOMG) (CBCS)
Term-End Examination
December, 2021
BCOC-131 : FINANCIAL ACCOUNTING
Time : 3 hours Maximum Marks : 100
Note : Answer any five questions. Each question carries
20 marks.
1. (a) Define Accounting. Explain its objectives
and scope.
(b) Distinguish between Cash basis and Accrual
basis of accounting with examples. 12+8
2. A book-keeper failed to balance his Trial
Balance. The Credit side was exceeding the
Debit side by < 175 and this amount was
transferred to Suspense Account. Later on the
following errors were detected :
(a) Goods amounting < 620 sold to D and Co.
were correctly entered in the Sales Book, but
posted to the Company’s account as < 260.
(b) A credit balance of < 755 of rent received
account was shown as < 570.
BCOC-131 1 P.T.O.
(c) The total of returns outwards book
amounting to < 200 was not posted to the
ledger.
(d) Goods worth < 100 were purchased from
Prakash, but the amount was entered in the
Sales Book. The account of Prakash was
correctly credited.
(e) Sales Book was undercast by < 100.
(f) The total of credit side of Sohan’s Account
was overcast by < 100.
Make rectifying journal entries and prepare
Suspense Account. 15+5
3. Some adjustments become necessary at the time
of preparing the Final Accounts. Name any four
items of adjustments and explain how they are
shown in the Final Accounts. 45=20
4. Distinguish between ‘Stock and Debtor System’
and ‘Hire Purchase Trading Account Method’ of
ascertaining profit or loss on goods of small
value sold on Hire Purchase basis. State the
journal entries passed to open various accounts
under Stock and Debtor System as applicable to
Hire Purchase business. 10+10
5. Explain various methods of recording the Joint
Venture transactions without maintaining the
separate set of books. 20
BCOC-131 2
6. What are the objectives of keeping branch
accounts ? Explain various systems of
maintaining accounts of a dependent branch and
describe how profit is ascertained under each
system. 6+14
7. Explain how a new Voucher type is created and
how it is used. Differentiate between Stock item,
Stock group and Stock category. 3+7+10
8. Desai of Delhi consigns goods to Mukerjee of
Kolkata to be sold at or above invoice price.
Mukerjee is entitled to get a commission of 10%
on sales at invoice price plus 30% of any surplus
price realized. Mukerjee accepted a bill of
exchange drawn by Desai amounting to 60% of
the invoice price. During the year 2019, goods
consigned by Desai were invoiced at < 2,00,000.
These goods costed Desai < 1,50,000 including
freight. Sales made by Mukerjee during the year
amounted to < 1,85,000. On 31st December,
2019, goods unsold with Mukerjee represented
at invoice value of < 40,000. During the year,
Desai had received from Mukerjee < 35,000 by
bank drafts, certain remittances being in transit
on 31st December, 2019. Prepare necessary
ledger accounts in the books of both the parties.
Show how the Consignment Stock will appear in
the Balance Sheet. 17+3
BCOC-131 3 P.T.O.
9. Comment on the following : 10+10
(a) Going Concern Concept
(b) Accounting Period Concept
BCOC-131 4
~r.gr.Amo.gr.-131
dm{UÁ` _| ñZmVH$ Cnm{Y (OZab)
(~r.gr.Amo.E_.Or.) (gr.~r.gr.Eg.)
gÌm§V narjm
{Xgå~a, 2021
~r.gr.Amo.gr.-131 : {dÎmr` boImH$aU
g_` : 3 KÊQ>o A{YH$V_ A§H$ : 100
ZmoQ> : {H$Ýht nm±M àíZm| Ho$ CÎma Xr{OE & àË`oH$ àíZ Ho$ 20 A§H$
h¢ &
1. (H$) boImH$aU H$mo n[a^m{fV H$s{OE & BgHo$ CÔoí`m| Ed§
H$m`©joÌ H$s ì`m»`m H$s{OE &
(I) boImH$aU Ho$ amoH$‹S> AmYma Am¡a CnmO©Z AmYma _|
A§Va H$mo CXmhaUm| g{hV ñnîQ> H$s{OE & 12+8
2. EH$ boImH$ma AnZo VbnQ> H$m eof {_bmZo _| Ag\$b ahm &
S>o{~Q> nj H$s Anojm H«o${S>Q> nj < 175 go A{YH$ hmo ahm
Wm VWm `h am{e CMÝVr ImVo _| S>mb Xr JB© & ~mX _|
{ZåZ{b{IV µJb{V`m± _mby_ hþBª :
(H$) < 620 H$m _mb S>r EÊS> H$ånZr H$mo ~oMm J`m
{OgH$m {dH«$` ~hr _| R>rH$ boIm {H$`m, naÝVw H$ånZr
Ho$ ImVo _| < 260 {bIo JE &
(I) {H$am`m àmßV ImVo H$m < 755 H$m H«o${S>Q> eof < 570
{XIm`m J`m &
BCOC-131 5 P.T.O.
(J) < 200 H«$` dmngr ~hr H$m Omo‹S> ImVm-~hr _| Zht
IVm`m J`m &
(K) < 100 H$m _mb àH$me go IarXm, naÝVw BgH$m boIm
{dH«$` ~hr _| hmo J`m & àH$me H$m ImVm ghr H«o${S>Q>
{H$`m J`m &
(L>) {dH«$` ~hr H$m Omo‹S> < 100 go H$_ hmo J`m &
(M) gmohZ Ho$ ImVo H$s H«o${S>Q> nj H$m Omo‹S> < 100 go
A{YH$ bJ J`m &
BZ Aew{Õ`m| H$mo ewÕ H$aZo Ho$ {bE OZ©b _| Amdí`H$
à{dpîQ>`m± H$s{OE VWm CMÝVr ImVm ~ZmBE & 15+5
3. A§{V_ boIo ~ZmVo g_` Hw$N> g_m`moOZ Amdí`H$ hmo OmVo
h¢ & g_m`moOZ H$s {H$Ýht Mma _Xm| Ho$ Zm_ ~VmBE VWm
ñnîQ> H$s{OE {H$ CÝh| A§{V_ ImVm| _| {H$g àH$ma {XIm`m
OmVm h¡ & 45=20
4. AdH«$` na ~oMo JE H$_ _yë` Ho$ _mb na bm^ `m hm{Z
kmV H$aZo Ho$ {bE AnZm`r OmZo dmbr ‘ñQ>m°H$ Am¡a XoZXma
{d{Y’ Ed§ ‘AdH«$` ì`mnma ImVm {d{Y’ _| A§Va ñnîQ>
H$s{OE & AdH«$` ì`mnma _| à`moJ H$s OmZo dmbr ñQ>m°H$
Am¡a XoZXma {d{Y Ho$ AÝVJ©V {d{^Þ ImVo ImobZo Ho$ {bE
H$s OmZo dmbr OZ©b à{dpîQ>`m± H$s{OE & 10+10
5. nwñVH$m§o Ho$ AbJ-AbJ goQ> H$mo ~ZmE {~Zm g§`wº$ CÚ_ Ho$
boZ-XoZm| H$m [aH$m°S>© H$aZo Ho$ {d{^Þ VarH$m| H$s ì`m»`m
H$s{OE & 20
BCOC-131 6
6. ~«m±M boIo ~ZmZo Ho$ Š`m CÔoí` h¢ ? Am{lV ~«m±M Ho$ boIo
aIZo H$s {d{^Þ àUm{b`m| H$mo ñnï> H$s{OE Am¡a dU©Z
H$s{OE {H$ àË`oH$ àUmbr Ho$ AÝVJ©V bm^ H¡$go kmV {H$`m
OmVm h¡ & 6+14
7. g_PmBE {H$ EH$ Z`m dmCMa {H$g àH$ma ~Zm`m OmVm h¡
Am¡a BgH$m Cn`moJ H¡$go {H$`m OmVm h¡ & ñQ>m°H$ AmBQ>_,
ñQ>m°H$ g_yh Am¡a ñQ>m°H$ loUr Ho$ ~rM AÝVa ñnï>
H$s{OE & 3+7+10
8. {X„r Ho$ XogmB©, H$mobH$mVm Ho$ _wH$Ou H$mo ~rOH$ _yë` `m
Bggo A{YH$ na ~oMZo Ho$ {bE _mb àofU na ^oOVo h¢ &
_wH$Or© ~rOH$ _yë` na _mb ~oMZo na 10% Am¡a Bggo
A{YH$ _yë` na 30% H$_reZ nmZo H$m A{YH$mar h¡ &
XogmB© Ûmam ~rOH$ H$s am{e Ho$ 60% am{e H$m {bIm hþAm
{~b _wH$Ou Zo ñdrH$ma {H$`m & df© 2019 Ho$ Xm¡amZ XogmB©
Zo < 2,00,000 ~rOH$ _yë` H$m _mb àofU na ^oOm &
XogmB© Ho$ {bE Bg _mb H$s bmJV < 1,50,000 (^m‹S>m
g{hV) Wr & _wH$Ou Ûmam df© Ho$ Xm¡amZ H$s JB© Hw$b {~H«$s
< 1,85,000 Wr & 31 {Xgå~a, 2019 H$mo _wH$Ou Ho$ nmg
< 40,000 ~rOH$ _yë` H$m _mb ~Mm hþAm Wm & df© Ho$
Xm¡amZ, XogmB© Zo _wH$Ou go < 35,000 ~¢H$ S´>mâQ> Ûmam àmßV
{H$E Am¡a Hw$N> am{e 31 {Xgå~a, 2019 H$mo _mJ©ñW amoH$‹S>
Wr & XmoZm| njm| H$s nwñVH$m| _| Amdí`H$ ImVm-~hr
~ZmBE & àofU Ho$ A§{V_ ñQ>m°H$ H$m boIm ^r pñW{V {ddaU
_| {XImBE & 17+3
BCOC-131 7 P.T.O.
9. {ZåZ{b{IV na {Q>ßn{U`m± H$s{OE : 10+10
(H$) Mmby ì`dgm` H$s g§H$ënZm
(I) boIm Ad{Y H$s g§H$ënZm
BCOC-131 8
