Remedial Test Paper for Financial Accounting
BBA 131 Financial Accounting Answer any Two questions 2 X 10 Marks= 20 Marks 1.Journalize the following and prepare cash account. a) Commenced business with cash of Rs.30,000. b) Paid rent in advance Rs.500 c) Purchased goods for cash Rs.15,000 and for credit Rs. 10,000 d) Bought Motor Cycle for personal use for Rs.6,000 and the payment made out of business money e) Received cash for a bad debt written off last year Rs.100 f) Goods worth Rs.500 were taken by the proprietor for his personal use. g) X, a debtor for the firm became insolvent. A final payment of 60 paisa in a rupee was received from his total dues of Rs.200 h) A cheque of Rs.4900 was received from Mohan against full and final settlement of Rs.5,000 due from him. The cheque was deposited into bank on the same day. After five days the bank intimates the dishonouring of Mohan’s cheque. i) Cash paid for electricity Rs.400, for salaries Rs. 1,000, for wages Rs.500 2. From the following incor