I am in Delhi university B.com. my exams are coming near. Please tell me from where I can download the previous year question papers for this course. If you can give me those question papers I will be very grateful for you. Or else you can just give me the link also.

Here I am giving the Question paper of DU B.Com(H) First year (Financial Acc.)

Q. State with reasons whether the following statements are True or False.
(i) A business entity can keep its accounts on accural basis of accounting.
(ii) Legal Fees paid to acquire a property is capital expenditure.
(iii) Higher depreciation will not affect cash profit of the business.
(iv) Receipts and Payments Account highlights total income and expenditure.
(v) Deferred revenue expenditure is current year’s revenue expenditure to be paid in later years

Q. State with reason whether the statements are True or False :
(i) Depreciation is decrease in the market value of a fixed asset.
(ii) Revenue and income are one and the same thing.
(iii) According to accrual concept, revenues are recognised only when cash is actually received.
(iv) Assets represent expired while expenses are unexpired costs.
(v) Outstanding rent account is a personal account.

Q. State with reasons whether the following statements are True or False.
(i) Expenses incurred to keep the machine in working condition is capital expenditure.
(ii) Accrual concept implies accounting on cash basis.
(iii) Depreciation cannot be provided in case of loss in a financial year.
(iv) Prudence is a concept to recognise unrealised profits and not losses.
(v) The receipts and payments account records receipts and payments of revenue nature only.

Q. (a) Distinguish between capital expenditure and revenue expenditure. 4
(b) M/s S.S Traders commenced business on 1st January, 2005, when they purchased machinery of ˆ.7,00,000. They adopted a policy of (i) charging depreciation at 15% p.a. on diminishing balance basis,and (ii) charging full years depreciation on additions made during the year. Over the year, the purchases
of machinery have been ate ˆ
1-8-2006 1,50,000
30-9-2006 2,00,000
On 1st January, 2008, it was decided to change the method of depreciation and rate of depreciation to10% on straight line basis with retrospective effect from 1-1-2005, the adjustment being made in theaccounts for the year ending 31st December, 2008.
Prepare Machinery Account and Provision for Depreciation Account for the year 2008.

Attached Files

	DU B.Com(H) First year (Financial Acc.) - Q Paper 2010.pdf (42.3 KB, 121 views)
	DU B.Com(H) First year (Financial Acc.) - Q Paper 2009.pdf (40.5 KB, 123 views)