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Posted Date: 15 Nov 2016      Posted By:: panchami    Member Level: Gold  Points: 3 (Rs. 2)

2015 Mahatma Gandhi University Politics Business Accounting BBA degree first semester examination Question paper

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Are you looking for the old question papers of BBA Degree Examination of Business Accounting? Here is the previous year question paper. This is the original question paper from the BBA Examination of Business Accounting first semester exam conducted at Mahatma Gandhi University. Feel free to download the question paper from here and use it to prepare for your upcoming exams.

First Semester
Time : Three Hours Maximum Weight: 25

Part A
Answer all questions in this part.
Each bunch of four questions carries weight 1.

1. According to ________ accounting concept it is assumed that the business will last for a long time.
2. Fictitious accounts are otherwise known as ________ accounts.
3. The maker of a bill of exchange is called the _________.
4. In the case of wasting assets the amount of charge determined on the basis of exhaustion of the asset is known as _______.

5. Sales day book is used to record
6. Is the process of transferring entries from books of original entry to the ledger?
7. Debit notes provide the basis for preparing Returns book.
8. The excess of sale proceeds over the cost of goods sold is called


9. When the discounted bill is honoured on the maturity date there will be no entry in the books of
10. Prepaid interest account is an account.
11. Provision for bad debts account is created by debiting account.
12. Rs. 270 given to a creditor, debited to his account as Rs. 217 is an error of


13. Noting charges are paid in the event of a Bill.
14. — Profit on sale of fixed asset is a profit.
15. Value of an asset means the amount that it fetches on sale at the end of its useful working life.
16. If both the aspects of a same transaction appear in one account, it is called an entry.
(4 x 1= 4)

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