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Business Accounting NMBA013

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11 views2 pages

Business Accounting NMBA013

Enjoy Hsbsbnsnsndhsvzbtehsksjsgsj Sghdhsisje7shs Gshsjjsjdm Shusjsisje

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iamabhilashchaudhry
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Printed Page 1 of 2 ‘Sub Code: NMBAO13/MBTMO13 Paper Id: [__27013% Roll No: [7] CCCI MBA/MBA (TM) (SEM I) THEORY EXAMINATION 2019-20 BUSINESS ACCOUNTING Time: 3 Hours Total Marks: 100 Note: Attempt all Sections. If require any missing data; then choose suitably. SECTION A 1. Attempt aif questions in brief. 2x10=20 ‘What are accounting standards? Define debtors & creditors Explain the terms goodwill & trademark What is financial statements analysis? ‘What is depreciation? Differentiate between assets & abilities, ‘Write any two non-cash transaction Show a format of statement of changes in working capital ‘What isa profit & loss account? SECTIONS 2. Attempt any three of the follow: 1033-30 a ‘What is financial accounting? (Explain briefly accounting cycle. b Explain the meaning of thégérm ‘Journal’ and state its significance. Prepare a Journal ftom the following transactions in the books of Imran: 2007 Rs June 1 Started Business with cash 1,00,000 June 1 Paid into bank 25,000 June 2 Goods purchased for eash 15,000 June 3 Purchase of furniture and payment by cheque 5,000 June $ Sold goods for cas 8,500 June 8 Sold goods to Arvind Walia 4,000 June 10 Goods purchased from Amrit Lal 7,000 June 21 Withdrew from bank for private use 1,000 Withdrew from bank for use in the business 400 June 25 Paid telephone rent for one year 500 June 28 Cash paid to Amrit Lal in full settlement of his account 6500 June 30 Paid for: Stationery 200 Rent 1,000 Salaries to staff 2,500 ‘www -pooripadhai.com a[Pa Printed Page 2 of 2 ‘Sub Code: NMBAO13/MBTMO13 Paper Id: [270138 Roll No: [[] COCCI a Explain various types of ratios used in ratio analysis é What is a fund flow statement? State its importance. SECTION C 3. Attempt any one part of the follo 1x1 = 10 a ‘What are the various concepts of accounting? Explain with suitable examples b xplain GAAP. Also discuss various conventions of accounting, 4. Attempt any one part of the following: 10x1=10 a ‘What isa tral balance? Differentiate between tral balance & balance sheet b ‘What are adjustment entries? Give any five adjustment entries Attempt any one part of the following: 10x1 = 10 a ‘Anu has following transactions in an accounting year 1. Commenced business with cashR$ 25,000. 2. Paid wages Rs. 1,000 3. Purchased goods fromgyfi CY Rs. 10,000 4. Insurance Paid Rs. $5Q 5. Sold good to Mr-KXeost price Rs. 5,000) for Rs, 7000 6. Received reiitRS. 75 Prove that the accounting equation is satisfied in all the above transactions. 6 Explain in detailsvarious methods of analysing the financial statements ofa firm 6. Attempt any one part of the followin; 10x1 = 10 a Write in detail various methods of charging depreciation, b What is adjusted Profit & Loss A/c? Show the format of Adjusted P & 1. Ale 7. Attempt any one part of the following: 10x1 = 10 a ‘What is a cash flow statement? Discuss various activities of cash flow statement. 6 Write a brief note on (i) Inventory & its valuation Gi) Working Capital www pooripadhai.com 2[Pa

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