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ASSIGNMENT
SESSION FEB/MAR 2022
PROGRAM BACHELOR OF BUSINESS ADMINISTRATION (BBA)
SEMESTER II
COURSE CODE & NAME DBB1202 – FINANCIAL ACCOUNTING
CREDITS 4
NUMBER OF ASSIGNMENTS & MARKS 02
30 Marks each
Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 – 450 words. Each question is followed by evaluation scheme.
Q.No Assignment Set – 1
Questions Marks Total Marks
1. Explain different types of accounting concepts in detail. 10 10
2. From the following details, pass the necessary closing entries.
Stock on 1-1-2003 4,000 Freight 800
Purchases 15,000 Factory rent 1,000
Bad debts 500 Office rent 2,400
Sales 30,000 General expenses 500
Returns to suppliers 2,000 Heating and lighting 700
Returns from customers 1,000 Discount allowed 300
Wages and salaries 5,000 Discount received 400
Carriage on purchases 1,000 Commission (Cr.) 500
Cartage on sales 200 Insurance 200
Depreciation on Machinery 1,000 Closing stock 6,000
10 10
3. Define Bank Reconciliation Statement. Discuss various reasons for difference in balance of cash book and passbook. 2 + 8 10
Q.No Assignment Set – 2
Questions Marks Total Marks
4. Describe in detail different types of shares. 10 10
5. Define debentures and summarize the classification of debentures. 2 + 8 10
6. Discuss different methods used for calculation of depreciation in detail. 10 10
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