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2003 Course Business Accounting & Costing

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Total No. of Questions : 8] P1003 [Total No. of Pages : 2 [3664]-229 B.E. (Industrial Engg.) BUSINESS ACCOUNTING AND COSTING (411102) (2003 Course) Time : 3 Hours] [Max. Marks : 100 Instructions to the candidates : 1) Answer any three questions from each section. 2) 3) Answers to the two sections should be written in separate books. Figures to the right indicate full marks. 4) Use of electronic pocket calculator is allowed. 5) Assume suitable data, if necessary. SECTION - I Q1) a) Distinguish between Capital expenditure and Revenue expenditure; as well as Capital Receipts and Revenue Receipts; with examples. [8] b) Identify the type of account : i) Namita Account iii) Furniture Account v) Loss by fire Account vii) Stock on Hand Account [8] ii) iv) vi) viii) Advertisement Account Capital Account Bank of India Account Salary Account Q2) Explain any four accounting concepts and conventions giving examples.[16] Q3) Explain the following terms (Any Nine): a) Journal b) c) Creditor d) e) Ledger f) g) Trial Balance h) i) Bad Debts j) [9 2 = 18] Debit Note Drawings Current Asset Posting Returns Inwards P.T.O.

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