Tribhuvan University
Bachelor of Computer Application
Semester 2 · TU Board 2023
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
Explain about accounting cycle.
Answer comingAlso asked in 2022
- 3.5
A company purchased a machine on 1 Baishak 2073 at Rs 5,50,000 and spend installation cost Rs50,000. On 1 Kartik 2074 the company purchased second machine at Rs6,00,000 and spend for transportation and installation cost Rs 1,00,000. On 1 Kartik 2076 machine purchased on 1 Baishak 2073 has found out of order and sold at Rs 1,75,000. The company closed account end of Chaitra each year. The company applying diminishing method of depreciation @ 15% on assets. Required: Machinery account for 2073 to 2076.
- 4.5
The following purchase transactions of a Cloth Merchant has been provided to you. April 2nd Sold to Bulbule Store,
- 5.5
The following transactions of cash and bank of Kamalamai Trading House provided to you
- 6.5
The following store transactions of a company provides to you
- 7.5
A company issued 1,00,000 shares @ Rs100 each. The money called Rs50 on application, Rs40 on allotment (including discount) and Rs20 on final call. The company received 1,50,000 share applications. The board of director decided that 20,000 share application were returned and balance are adjusted in subsequent calls. A shareholder holds 1,000 shares failure to pay final call and forfeited after final call. All the forfeited shares were reissued at Rs 90 each. Required: Journal entries in the of company.
Answer comingAlso asked in 2022, 2021, 2020
- 8.5
The following information are provided to you
Answer comingAlso asked in 2022
Group C
Attempt any TWO questions(2 × 10 = 20)
- 9.10
The following transactions of Superstar Supplier provided to you
Answer comingAlso asked in 2022, 2021
- 10.10
The following is the trial balance of Kanchan Store on 31st December, 2022; Heads of AccountsDebitsCreditsMachinery2,50,000Building1,80,000Salaries and wages2,32,450Bills receivable1,20,000Goodwill50,000Sundry debtors1,38,000Office expenses50,400Purchases5,20,500Carriage outward14,000Carriage inward42,500Wages29,600Rent52,000Opening stock1,30,000Discount42,000Sales return12,000Bad debt4550Interest on bank loan24,000Cash in hand and bank26,650Creditors1,28,000Provision for doubtful debt7,550Sales10,40,600Discount received15,80012% Bank loan3,00,000Capital5,00,000Commission7,500Bills payable1,10,000Total19,18,65019,18,650 Additional Information
- 11.10
Define double entry bookkeeping system and explain users of accounting information.
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