Model Question Paper

(Part C Descriptive Questions)

Bachelor of Computer Application (BCA) Semester 3
BC0044 Accounting and Financial Management

4 Credits

Each questions carry ten marks.

1. Journalise the following transactions:

(10 Marks)

01.01.09

Bought goods for Rs.10,000

02.01.09

Purchased goods from X Rs.20,000

03.01.09

Bought goods from Y for Rs.30,000 against a current dated cheque

04.01.09

Purchased goods from Z [price list price is Rs.30,000 and trade

discount is 10%]

05.01.09

Bought goods of the list prce of Rs.1,25,000 from M less 20% trade
discount and 2% cash discount. Paid 40% of the amount by cheque

06.01.09

Returned 10% of the goods supplied by X

07.01.09

Returned 10% of the goods supplied by Y

2. Explain errors of omission and errors of commission.

3. Why wealth maximization is superior to profit maximization?

(10 Marks)

(10 Marks)

4. Following are the extracts from the Trial Balance of a firm as on 31st March 20X7
(10 Marks)

Sundry Debtors
Provision for Doubtful Debts
Provision for Discount on Debtors
Bad Debts
Discount
Additional Information:
1)
2)
3)
4)

Dr
2,05,000

Cr
10,000
1,800

3,000
1,000

Additional Bad Debts required Rs.4,000

Additional Discount allowed to Debtors Rs.1,000
Maintain a provision for bad debts @ 10% on debtors
Maintain a provision for discount @ 2% on debtors

Required: Pass the necessary journal entries and show the relevant accounts including final
accounts.