No : F10112K1	Submission deadline : 10th Nov, 2001.

Q.1.(a)	Classify Accounts with example.
(b)	State the difference between Double Entry System and Single Entry System.
(c)	What do you mean by accounting concept and convention ?
	(5+5+6)
Q.2.(a)	What is depreciation ?
(b)	What are the different methods of charging depreciation ?
(c)	With an example show depreciation account and asset account for three years under SLM.
(d)	What is the managerial implication of changing depreciation ?
	(3+3+6+4)
Q.3.(a)	From the following business transaction of A & Co. prepare the Final Account of the concern for the year ended on 31st March, 2001.
	01.04.2000	Invested Rs. 5 lacs by way of Bank Rs. 3 lacs. and machinery Rs. 2 lacs.
	01.04.2000	Purchase during the year Rs. 10 lacs.
	01.04.2000	Sales for the year Rs. 20 lacs.
	01.04.2000	Salaries for the year Rs. 1 lacs.
	01.04.2000	Wage for the year Rs. 2 lacs.
	01.04.2000	Investment received Rs. 1 lacs.
	31.03.2001	Proprietors withdrawn Rs. 1 lacs.
	(16)
Q.4.(a)	Cash Book is Journalized Ledger - Explain.
(b)	Pass Journal Entries to the following transactions. State what type of entries are those. In which book they are to be recorded ?
(i)	Sold goods to S.K.Paul - Rs.1,000/-
(ii)	Return goods to B.K.B - Rs. 100/-
(iii)	Purchased goods from B.B.D. - Rs. 20,000/-
(iv)	Paid salaries in cash - Rs. 2,000/-
(v)	Wages remain outstanding for the years.
(vi)	Sale on land to HLL in credit.
(vii)	Rs.100/- paid to M, wrongly debited to T's account.
	(4+12)
Q.5.(a)	Prepare a Final Account of a non-profit making organization with your own figures (at least 10 transactions).
(b)	What do you mean by accounting under the condition of inflation and under the condition of fluctuation of foreign exchange.
	(10+6)
Q.6.	From the following Trial Balance prepare a Final Account as per Companies Act 1956.
BCL (P) Ltd. Trial Balance as on 31st March 2001.
Sl.No. Particulars Dr. (Rs.) Cr. (Rs.) 01. 20,000 Equity Shares 5,00,000/- 2,00,000/- 02. Purchase & Sales 5,00,000/- 9,00,000/- 03. Wages & Salaries 50,000/-   04. Managerial Remuneration 25,000/-   05. Discount 25,000/- 50,000/- 06. Interest 10,000/- 20,000/- 07. Plant & Machinery 4,00,000/-   08. Land & Building 1,00,000/-   09. Creditor & Debtor 1,00.000/- 2,00.000/- 10. Bank ?     Total 13,70,000/- 13,70,000/-   Adjustments     (1) Create a provision for doubtful debt @ 5% (2) Depreciate Fixed Asset @ 10% (3) Closing Stock Rs. 10,000/- (4) Stock destroyed by fire Rs. 20,000/-. Insurance company admitted claim of Rs. 15,000/- (5) Outstanding wage Rs. 5,000/- (6) Sales Manager entitles for a commission of 5% on Net profit after charging such commission. (7) Proposed Dividend @ 5% (8) Statutory Reserve Rs. 5,000/- per year.
	(16)
Q.7.	Write short notes on any two stating clearly the managerial implications in these.
(i)	Accounting Standard
(ii)	Principle of Conservatism
(iii)	Entity Concept
(iv)	Final Account under the condition of inflation.
(v)	Journal Proper & its entries.
	(8+8)
Q.8.(a)	Write a detail note on sources of Capital for a corporate entity.
(b)	Elucidate with example - profitability statement
(c)	"Balance Sheet & Statement of Affair are not the same thing" - Explain.
	(5+6+5)
Instructions
01.	Students are requested to take a printout from the print copy for preparing answer papers.
02.	While preparing answer papers students are allowed to use books, reference notes.
03.	Students adopting unfair means in preparing & submitting answer papers are liable to be reported against.
04.	All answer papers should be submitted before 10th Nov. 2001, for assessment.
Clarifications
	For further clarifications please mail Mr. Tapash Ranjan Saha, the concerned faculty.
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