BCA 2nd Semester
Financial Accounting Board Question Paper 2020

Following cash and banking transactions were given to you.
1, December, Balance of cash Rs. 6,200 and at bank Rs. 25,500.
9, December, Received a cheque of Rs. 5,000 from Pravin.
15, December, Goods purchased at Rs. 12,000 and paid in cash 4,000 and balance by Cheque.
22, December, Cash drawn from bank for office use Rs. 8,000.
31, December, Paid salary Rs. 7,000 by cheque and Rs. 3,000 office rent in cash.
**Required:** Cash book with a cash and bank column.

Following sales transactions were given to you:
1, Chaitra Sold following items to Gurung Store, Pokhara
20 table fans @ Rs. 1,500 each.
10 ceiling fans Rs. 1,000 each.
10, Chaitra Sold following items to Saru Brothers, Damauli
15 pressure cookers Rs. 1,000 each.
10 rice cookers Rs. 800 each.
(Trade discount 10 percent)
18, Chaitra Sold 13 pressure cookers Rs. 900 each on cash to Shrestha Store, Gorkha
25, Chaitra Sold following items to Puri Store, Parbat.
25 table fans Rs. 1,500 each with trade discount 5 percent.
10 ceiling fans Rs. 1,000 each.
**Required:** Sales book and sales account.

A company purchases a machinery at Rs. 5,00,000 on 1st January 2015. The company charged 10 percent depreciation under diminishing method. The machine has found unsuitable and sold at Rs. 2,40,000 on 1st July 2017. On the same date another machinery of costing Rs. 7,50,000 was purchased and charged 10 percent depreciation under diminishing depreciation method on 31st Dec. each year
**Required:** Machinery account from 2015 to 2017.

Nepal Supply company is registered at 2,00,000 equity shares @ Rs. 100 each. But the company issued 1,00,000 shares to public. The money called up Rs. 50 on application, Rs. 25 on allotment and Rs.20 on first and final call. The company received application for 90,000 shares and accepted in full. A shareholder Rina holds 200 shares unpaid money of first and final call.
**Required:** Journal entries for share application, allotment and first and final call.

A manufacturing company provides extracts of material transactions of July.
1, July, Opening balance of materials 1,000 units @ Rs.10 each.
5, July, Issued 700 units
12, July, Purchased 800, units @ Rs.11 each.
18, July, Issued 700 units
22, July, Returns 50 units from work order July, 5.
24, July, Purchased 700 units @ Rs.12 per unit.
**Required:** Store ledger under LIFO method

What are the features of company? Explain.

Mr. Raj started business from Baishak 2075. He had given following information of business for the month.
1, Baishakh, started business in cash Rs. 3,00,000 and computer Rs. 50,000.
3, Baishakh, Purchased goods on cash Rs. 1,00,000 and credit Rs.1,00,000 from Thapa supplier.
4, Baishakh, Opened bank account at Prime Commercial Bank Rs. 90,000.
5, Baishakh, goods sold on Cash Rs.50,000 and on credit to Shrestha Rs. 30,000.
10 Baishakh, Goods purchased at Rs. 60,000 on credit from Thapa supplier.
15, Baishakh, Cash received from Shrestha Rs. 28,500 as full settlements.
22, Baishakh, Cash paid to Thapa supplier Rs. 98,000 and discount received Rs.2000.
24, Baishakh, Goods purchased from Nepal suppliers at Rs. 50,000, partial payment made by Cheque Rs. 20,000.
29, Baishakh, Electricity bill Rs. 3,000 and house rent Rs. 10,000 paid by issue of Cheques and salary Rs. 7,000 in cash.
**Required:** Journalized the above transactions and prepared ledger account of purchase, and Thapa supplier.

Prepare final Account of Tharu Store on the year ending 31 December, 2018

Defined accounting. Explain scopes of accounting and its functions.