Tribhuvan University
Bachelor of Computer Application
Semester 2 · TU Board 2022
Course Title: Financial Accounting (CAAC152)
Full Marks: 60Pass Marks: 24Time: 3 hours
Candidates are required to answer the question in their own words as far as possible.
Group A
Group B
Attempt any SIX question.(6 × 5 = 30)
- 2.5
Define accounting and discuss any three functions of accounting.
Answer comingAlso asked in 2019
- 3.5
Discuss about accounting process cycle.
Answer comingAlso asked in 2023
- 4.5
On 1st October 2018 a company purchased a machine at Rs.4,50,000. On 1st January 2020 the company purchased second Machinery at Rs.3,50,000. On 1st July 2021 the company has found first machine out of order and sold it at Rs.2,50,000. The company applied diminishing method of depreciation @ 10 percent per year. The company closed the book of account 31st December each year. Required: Machinery Account 2018, 2019, 2020 and 2021.
- 5.5
The following information of a Cloth Merchant has been provided to you.
Answer comingAlso asked in 2023
- 6.5
On 31 July 2020 the pass book of the firm showed credit balance of Rs. 17,000. The following transactions were found disagree with cash book
- 7.5
The following are the store transactions of a manufacturer for the month of Ashadh, 2079.
- 8.5
A company issued 50,000 share @ Rs.100 each. The company called money Rs.30 on application, Rs. 40 on allotment and Rs 40 on final call. The company received application for 55,000 shares. The board of director return over application money and allotted in full. A shareholder holds 500 shares unpaid money of allotment and final call and forfeited after final call. Required: Journal entries application, allotment, final call and share forfeiture.
Answer comingAlso asked in 2023, 2021, 2020
Group C
Attempt any TWO questions(2 × 10 = 20)
- 9.10
You are given following transactions of Kalanki Supplier
Answer comingAlso asked in 2023, 2021
- 10.10
The following trial balance of Trading concern as on 31st Chaitra 2078. ParticularDebit Rs.Credit Rs.Sales16,00,000Return outward10,000Capital4,00,000Creditors2,20,000Bank loan50,000Interest on investment15,000Commission10,000Provision for bad debts7,000Opening stock1,00,000Purchase8,05,000Rent50,000Carrying inward60,000Building3,00,000Wages1,30,000Plant and Machinery3,50,000Investment50,000Furniture50,000Debtors1,30,000Cash20,000Salary1,80,000Advertisement30,000Bad debts20,000Interest on bank loan5000Drawing12,000Insurance20,000Total23,12,00023,12,000 Additional information:
- 11.10
Define depreciation, what are the causes of depreciation? Discuss about advantages and disadvantages of depreciation.
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