7/23/2019 Question Paper - FA(BCA)

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(Please write your Exam Roll No.) Exam Roll No. ...

FIRST TERM INTERNAL EXAMINATIONIII Sem., BCA 2015

Paper Code : BCA 20 S!"#e$% :F&'a'$&a( A$$o!'%&')*a%e : +0+2015 - Ba%$ 201/ 201

T&me: 2 o!r Ma3&m!m Mar4: 0

-61 & $omp!(or7 a'd a%%emp% a'7 2 8!e%&o' 9rom %e rema&'&')

1. ABC Ltd. purchased machinery on cto!er "# $%%& 'or Rs. "# %#%%% and paid Rs. $%#%%%

'or its installation. n April "# $%%# new machinery was purchased 'or Rs. "# %%# %%%.

n cto!er "# $%%*# machinery purchased in $%%& was sold 'or Rs. %#%%% and new

machinery was purchased costin+ Rs. &%#%%% on the same date. Company pro,ides the

depreciation o' "%- on ori+inal cost. Prepare achinery Account assumin+ that year

ends on /"st

arch e,ery year. -10 Mar42. &. Re$ord %e 9o((o&') %ra'a$%&o' &' %e #o!r'a(: -5 Mar4

*a%e Tra'a$%&o'$%"/ 0an " 1tarted !usiness with cash Rs. $%#%%%.

$ 2eposited into Ban3 Rs. "#%%%.

/ Purchased machinery 'or Rs. "%#%%% 'rom 0awahar and +a,e him a che4ue 'or

amount.

"& Purchased +oods 'rom Na,een costin+ Rs. %%%.

$% Rs. %%% 5 Rs. "#%%% has !een drawn 'or personal use 5 o''ice use respecti,ely

'rom the !an3.

$/ 6urniture costin+ Rs. "%%% was purchased in 'urnishin+ the o''ice

$& 1old +oods to Naresh 'or Rs. $#%%%$ Recei,ed a cross che4ue 'rom Naresh 'or Rs. "#% in 'ull settlement and sent

the che4ue to !an3.

$7 1ent to Na,een in 'ull settlement a che4ue 'or Rs. /#&%%

/% Paid 'or wa+es Rs. *%%# stationary Rs. /%% and rent Rs. "&%%

&&. Prepare %ree $o(!m' $a "oo4 9rom %e 9o((o&'): -5 Mar4

201/ Par%&$!(ar Amo!'%

-&' R.

0une "

0une *

0une 70une "$0une "&

0une $%

0une $&0une $

0une /%

0une /%

Cash in 8and

Ban3 ,erdra'tRecei,ed a che4ue 'rom Bina and deposited into the !an3

Paid to Bhuwan !y che4uePaid to ahesh Rs. "#$%% in 'ull satis'action !y che4ue. 9e

owed to ahesh Rs. "#&%% 'or +oods purchased

9ithdraw 'rom !an3 'or o''ice useChe4ue recei,ed 'rom Prith,i

Paid 'rei+ht Rs. :%%# wa+es Rs. "%%% and rent Rs. &%% in cash

;ncome tax paid !y che4ueBan3 Char+es

"#%#%%%

"#%%#%%%&%#%%%

"%#%%%

$#&%%

"%%%

"$#%%%

/%%

7/23/2019 Question Paper - FA(BCA)

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. 6rom the 'ollowin+ data calculate the ,alue o' in,entory on /"st0anuary# $%"% !y (i)

L;6. (ii) 6;6 and# (iii) wei+hted a,era+e method. -10 Mar4

;a'!ar7 1: S%o$4 &' a'd /00 !'&% he asset appears always at ori+inal cost in case depreciation is credited to

pro,ision 'or depreciation account.

(iii) >he term ?current assets@ and ?li4uid assets@ ha,e synonyms meanin+.(i,) L;6 5 6;6 method o' in,entory +i,es same closin+ stoc3.

(,) >he term Current Lia!ilities is used to denote those lia!ilities which are paya!le

a'ter a year.

(,i) 6;6 method correlates the current costs with the current mar3et prices.(,ii) >here are only three !ranches o' accountin+.

5. i. 9hat is depreciation 9hy it is needed 2istin+uish !etween 1L and 92 method

o' depreciation. -5 Mar4ii. 2e'ine ;n,entory. Explain the two in,entory systems in detail. -5 Mar4

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