Tribhuvan University
Bachelor of Business Administration
Semester 2 · TU Board 2025
Course Title: Financial Accounting (ACC201)
Full Marks: 100Pass Marks: 50Time: 3 Hrs
Candidates are required to give their answers in their own words as for as practicable.
Group A
Brief Answer Questions(10 × 2 = 20)
- 1.2
Mention the importance of accounting in decision-making.
- 2.2
What is intangible asset?
Answer comingAlso asked in 2024, 2023
- 3.2
What do you mean by going concern concept?
Answer comingAlso asked in 2024, 2023
- 4.2
What are the different types of cheques?
- 5.2
Write about the meaning of NFRS.
- 6.2
The following transaction is given: Started business with Cash of Rs 12,000, and stock of Rs 20,000. Purchased goods for Rs 10,000 and Cash paid only Rs 4,000. Commission received Rs 5,000. Required: Accounting Equation.
Answer comingAlso asked in 2024
- 7.2
The following information are provided to you: Profit for the year Rs 10,000 Loss on revaluation Rs 40,000 Gain from cash flow hedges Rs 30,000 Gain on sales of investment Rs 50,000 Actual loss on pension schemes Rs 20,000 Required: Statement of other comprehensive income as per NFRS.
Answer comingAlso asked in 2024, 2023
- 8.2
You are given the following information about the Company balance sheet: Account payable120,000Outstanding expenses20,000Account receivable170,000Inventory150,000Bank loan100,000Cash in hand40,000Plant and machinery300,000Prepaid expenses25,000 Required: Opening entries showing capital account.
- 9.2
Nepal Yatayat company purchased a Minibus at the cost of Rs 880,000 on Baishak 2080. The estimated life of the Minibus is 160,000 KMs with a salvage value of Rs 80,000. During 2080 and 2081 the minibus was run for 15,000 KM and 21,000 KM respectively. Required: Depreciation rate and Depreciation for the years 2080 and 2081.
Answer comingAlso asked in 2023
- 10.2
The following are revenue and capital items given below: The repair cost of a second-hand bike purchased The whitewash of an old building Insurance premium paid Carriage on goods purchase Required: Find out the revenue and capital Expenditure.
Group B
Short Answer Questions: (Attempt any SIX Questions)(6 × 5 = 30)
- 11.5
What is the double-entry system of Book-keeping? Explain the debit and credit rules.
- 12.5
Differentiate between accounting and accountancy.
Answer comingAlso asked in 2023
- 13.5
What is a financial statement? Why is it prepared?
- 14.5
The following are the information of the asset of the company: Particulars20802081Plant and machinery300,000180,000Land and building225,000450,000Investment100,000250,000Trademarks50,00025,000Cash and bank70,00035,000Inventory60,00090,000Account receivable50,00040,000 Required: Comparative or Horizontal Analysis.
- 15.5
The bank statement of a company showed a balance of Rs 42,000 on 31st Ashad 2081. However, the company balance showed a different balance of Rs 38,000. On the investigation, the following differences were noticed: Outstanding cheque Rs 11,000 Deposit in transit Rs 12,000 A customer's cheque of Rs 4,000 was returned with the bank statement marked NSF. Collection of notes receivable for Rs 5,000 and interest on investment Rs 2,000 Bank charge Rs 2,000 for the service provided by the bank A cheque of Rs 10,000 was paid by the bank. However, the company recorded Rs 16,000 in its statement. Required: Bank reconciliation statement.
Answer comingAlso asked in 2023
- 16.5
The following information is provided to you: SalesRs 700,000Material purchasedRs 250,000Carriage on purchasedRs 15,000Store suppliesRs 20,000Administrative expensesRs 30,000Selling expensesRs 50,000Wages and salaryRs 40,000Interest on loanRs 10,000Dividend receivedRs 30,000Income tax paidRs 15,000Depreciation on furnitureRs 25,000Dividend paidRs 20,000 Required: a. Value-added statement b. Net profit for the year
- 17.5
The following information is given below: 1st July 2022Machinery purchased Rs 400,00030th June 2023Additional machinery purchased Rs 500,00030th June 2025Machinery purchased on 1st July was sold for Rs 300,000 Additional information: Depreciation is to be provided at the rate of 15% per annum on the basis of the straight line method. Accounts are closed on 31st December, each year Required: Machinery accounts from 2022 to 2025.
Answer comingAlso asked in 2024
Group C
Long Answer Questions:(Attempt any THREE Questions)(3 × 10 = 30)
- 18.10
What is financial accounting? Write the features and importance of financial accounting.
- 19.10
What is an accounting standard? Also, explain the needs and limitations of accounting standards. [4+6]
- 20.10
The trial balance of B & B company as of 31st December 2025 is given below: ParticularsDebit (Rs.)Credit (Rs.)Common stock-350,000Building200,000-Goodwill50,000-Plant and equipment300,000-10% bank loan-120,000Revenue from operation-600,000Purchases300,000-Wages20,000-Salaries23,000-Cash at bank20,000-10% investment100,000-Account payable-90,000Account receivable60,000-Commission received-10,000Prepaid insurance22,000-Office rent38,000-Interest on investment-5,000Promotional expenses30,000-Interest on loan12,000-Total1,175,0001,175,000 Adjustment: Closing stock during the year Rs 40,000. Depreciation of building was 5% and plant and equipment was 25% during the year. Salary to be paid Rs 7,000. Prepaid insurance expired during the year Rs 600. Required: a. Profit and Loss Statement for the year ending 31st December as per NFRS. b. Statement of Financial Position as on 31st December as per NFRS.
Answer comingAlso asked in 2024
- 21.10
The XYZ company statement of profit and loss account and statement of financial position for two years have been given below: Statement of profit and loss for the year 2025 ParticularsAmount (Rs.)Revenue from operation4,00,000Cost of sales(250,000)Gross margin/profit150,000Other income (including interest received Rs 4000)13,000Total revenue163,000Distribution expenses(10,000)Administrative expenses (including depreciation on equipment of Rs 30,000, and write-off of goodwill of Rs 10,000)(80,000)Operating profit73,000Financial cost(15,000)Net profit before profit58,000Provision for tax(21,250)Net profit after profit36,750Dividend paid(5,000)Retained earning31,750 Statement of the financial position of a company for 2023 and 2025 Assets20232025Non-current assets:Property, plant, and equipment300,000400,000Intangible assets (Goodwill)60,00050,000Investment90,000140,000Total Non-current Assets450,000590,000Current Assets:Inventories / Stock40,00050,000Cash and cash equivalents30,00070,000Account receivable90,00070,000Trade and Other receivable10,00020,000Total current assets170,000210,000Fictitious assets--Total assets620,000800,000Equity:Share capital @Rs.100 each400,000600,000Reserve/Retained earnings40,00071,750Non-controlling interest--Total Equity440,000671,750Liabilities:Non-current liabilities:10% Loan and Borrowing100,00075,000Total non-current liabilities100,00075,000Current liabilities:Trade and Other payable60,00032,000Income tax payable-21,250Provision20,000-Total current liabilities80,00053,250Total liabilities180,000128,250Total Equity and Liabilities620,000800,000 Required: Statement of Cash Flow under NFRS [4+2+2+2]
Group D
- 22.
The XYZ Company's Statement of Profit and Loss account and Statement of Financial Position for two years have been given below: Statement of Profit and Loss for the year 2080 ParticularsAmount (Rs.)Revenue from operation1,000,000Cost of sales(600,000)Gross profit400,000Other income40,000Total440,000Distribution expenses(140,000)Administrative expenses(210,000)Operating profit90,000Financial cost(7,500)Net profit82,500 Statement of the financial position of a company for 2080 and 2081 Assets20802081Non-current assets:Property, plant, and equipment400,000500,000Intangible assets30,00020,000Investment (long-term)80,000105,000Total Non-current Assets510,000625,000Current Assets:Inventories / Stock60,00050,000Cash and cash equivalents30,00070,000Account receivable40,00030,000Trade and Other receivable30,00040,000Total current assets160,000190,000Fictitious assets--Total assets670,000815,000Equity:Share capital @Rs.100 each400,000450,000Reserve/Retained earnings90,000172,500Non-controlling interest--Total Equity490,000622,500Liabilities:Non-current liabilities:10% Loan and Borrowing120,000150,000Total non-current liabilities120,000150,000Current liabilities:Trade and Other payable30,00042,500Income tax payable--Provision30,000-Total current liabilities60,00042,500Total liabilities180,000192,500Total Equity and Liabilities670,000815,000 Required: Financial analysis for 2081: a. Current ratio (2:1) b. Acid test ratio (1:1) c. Debt to total capital ratio (less than 40%) d. Stock turnover ratio (at least 8 times) e. Total assets turnover ratio (more than 1 time) f. Net profit margin (at least 12%) g. Return on assets (at least 5%) h. Return on equity (at least 7%) i. Average sales period (45 days or less than 45 days) j. Account receivable turnover ratio (at least 8 times) k. Comment on the above result.
Answer comingAlso asked in 2024
— The End —