BCA 2nd Semester
Financial Accounting Board Question Paper 2024 (2023 Batch)

Define accounting. Mention any three functions of accounting.

Differentiate between capital and revenue expenditures.

The following banking and cash transactions of Chaitra 2079 are given below:
Chaitra 2: Business started with cash and bank balance Rs 2,50,000 and Rs. 1,70,000 respectively.
Chaitra 6: Goods purchased from Sabina for Rs. 40,000 and 50% amount paid by cheque and balance on cash.
Chaitra 11: Purchased goods from Ram for Rs 50,000
Chaitra 11: Cash deposited into bank Rs. 25,000.
Chaitra 12: Paid for stationary Rs. 15,000.
Chaitra 17: Cheque received from Sujina Rs. 4,500 after 10% discount.
Chaitra 24: Sold goods for Rs 20,000 and discount allowed Rs 2,000.
Chaitra 29: Withdrew cash Rs.20,000 from bank for office use.
Required: Cash book with cash, bank and discount column.

The following information are given in respect of materials transactions during the month of Jestha 2079.
Jestha 2: Opening balance 1500 units @ Rs. 11
Jestha 5: Issued 500 units
Jestha 8: Purchased 500 units @ Rs 12
Jestha 10: Issued 400 units
Jestha 12: Purchased 200 units @ Rs 12
Jestha 13: Returned to store 50 units issued from 10th Jestha
Jestha 18: Purchased 300 units @ Rs 11
Jestha 25: Purchased 400 units @ Rs 12
Jestha 30: Shortage on verification 100 units
Required: Store ledger under LIFO method

Consider the following information as on 31st December 2023.
a) Balance of cash book Rs.20,000
b) Cheque issued but not presented for payment Rs. 5,000
c) Cheque received and entered in the bank column of cash book but not deposited into bank for collection Rs. 9,000
d) Bank charges and commission of Rs. 550 not entered in cash book.
e) Credit side of cash book overstated by Rs. 3,000
f) Bank paid electricity bill Rs 1500 as per instruction
Required: Bank reconciliation statement.

On 1st Baishak 2075 a construction company purchased a machine for Rs. 10,00,000 and paid Rs 2,00,000 for transportation and installation charges. It purchased another machine for Rs. 7,00,000 on 1st Kartik 2076. On 1st Baishak 2077, the first machine was sold for Rs. 8,00,000 and on the same date another machine was purchased for Rs. 5,00,000. Charge depreciation @ 10% p.a. under fixed installment method.
Required: Machinery account for the first three year

The following transactions of A Supplier provided to you.
a) Started business with cash Rs.5,00,000 and furniture Rs 40,000
b) Opened bank account at Nepal bank Ltd. Rs 2,00,000
c) Goods purchased on cash Rs.3,00,000 and credit Rs.2,00,000
d) Goods sold to Karki store at Rs.2,50,000, partial payment received Rs.90,000 by Cheque.
e) Goods purchased from Himal supplier Rs. 1,50,000
f) Cash paid Rs.95,000 as full settlement to Himal supplier
g) Cheque received from Karki store Rs.1,90,000 in full settlement.
h) Purchased computer at Rs. 70,000
i) Bank loan taken from NIC Asia Rs 3,00,000
j) Goods lost by fire Rs. 15,000 but insurance company accept Rs 10,000 only.
k) Salary Rs.20,000 and electricity bill Rs. 5,000 paid by cheque.
l) Depreciate furniture by Rs 1000
Required: a) Journal entries
b) Purchase account, sales account and Accounts payable account

The trial balance of a trader at the end of Chaitra 2080 is as under

Define Public limited company with its features. Also differentiate between shares and debentures.