Faculty of Management - RKU

Internal Examination [CIE – I]

BBA – I Enrolment Number:
Subject Name: Principal of Financial Accounting Total Marks: 50
Date: 4/10/2021 [Time: 90 Minutes]

________________________________________________________________________
Instructions:
1. Attempt all the questions.
2. Answer to the point and write examples where necessary.
3. Figure to the right represents maximum marks for the question.
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Q:1 A What is Accounting? Give the Golden Rules of Accounting. (08)

Q:1 B Explain the Advantages and Limitations of Standardization of Accounting? (08)

Q:2 A Explain the following concepts of accounting.

1. Money Measurement
2. Cost Concept
(08)
3. Dual Aspect
4. Entity concept

Q:2 B Give the following definitions with respect to accounting.

1. Proprietor
2. Drawing
(08)
3. Capital
4. Bad Debts

Or
Q: 2A Gives the following definitions with respect to accounting.
1. Insolvent
2. Debtor
3. Creditor
4. Asset
(08)
5. Proprietor
6. Drawing
7. Capital
8. Bad Debt

Q:2 B Explain the three different ways in which accounting events are classified? (08)

Q:3 A List out the subfields of accounting. Also list the different users of
(09)
accounting.
 Faculty of Management - RKU
Internal Examination [CIE – I]
BBA – I Enrolment Number:
Subject Name: Principal of Financial Accounting Total Marks: 50
Date: 4/10/2021 [Time: 90 Minutes]

Q:3 B Explain in detail the

a) Going Concern Concept
b) Consistency Concept
c) Accrual Concept (09)

as a part of the fundamental accounting assumption.

Or
Q:3 A List out the Objectives of Accounting. Explain the Fundamental
(09)
Accounting Equation with Formula and Example.
Q:3 B Explain the Accounting Cycle in detail. (09)

All the best