Unique Paper Code FAH20
Revised 0 of 4

Financial Accounting2020

B.Com (Hons) · 4 questions

Duration: 2.5 HoursMaximum Marks: 75.0

From an older CBCS paper

Reworded by Kunji from the printed paper. The original paper belongs to the University of Delhi. See DU's question bank.

Before you start

  1. Numbers and theory. 2 numerical parts and 2 theory parts. Numericals take longer to lay out, so give them your freshest time.
  2. Pace. Two minutes a mark: about 38 minutes for each 18.75-mark question, with nothing spare in 2.5 hours. Move on when the time is up.
  3. Keep score. Every part opens a worked answer checked against the books. Turn the key when you have revised it; the boxes at the top fill in, on this device.

1.

18.75 marks
· ~38 min
The significance of accounting standards in a changing global environmentExplain the basic theme of this statement: "In the changing global economic and business environment, Accounting Standards are of great significance"(18.75)

2.

18.75 marks
· ~38 min
Methods of depreciation and accounting under AS-10What will you explain so that a person understands the different method of calculating depreciation, and the accounting as per AS-10(18.75)

3.

18.75 marks
· ~38 min
Final accounts of a sole trader with rectifications and adjustmentsFrom the balances below, taken from the books of Mr. BROWN, prepare, for the year ended 31.03.2020, a trading and profit and loss account, and a balance sheet on that date. Further information: a) The closing stock on…(18.75)

5.

18.75 marks
· ~38 min
Branch Account under the debtors method (invoice price)5 Kota shoes Ltd. has its branch at Udaipur. Goods are invoiced to the branch at 20% profit on sales. The Branch has been told to send all cash to the head office daily. The head office pays all expenses, except petty…(18.75)

— End of the paper —