Ok, here I am providing you the previous year question paper of BBA of Mahatma Gandhi University

MGU BBA question paper

First Semester

Core Course—Business Accounting

Time : Three Hours Maximum Weight: 25

Part A
Answer all questions in this part.
Each bunch of four questions carries weight 1.

BUNCH I
1. According to ________ accounting concept it is assumed that the business will last for a long time.
2. Fictitious accounts are otherwise known as ________ accounts.
3. The maker of a bill of exchange is called the _________.
4. In the case of wasting assets the amount of charge determined on the basis of exhaustion of the asset is known as _______.

BUNCH II
5. Sales day book is used to record
6. Is the process of transferring entries from books of original entry to the ledger?
7. Debit notes provide the basis for preparing Returns book.
8. The excess of sale proceeds over the cost of goods sold is called

BUNCH III

9. When the discounted bill is honoured on the maturity date there will be no entry in the books of
10. Prepaid interest account is an account.
11. Provision for bad debts account is created by debiting account.
12. Rs. 270 given to a creditor, debited to his account as Rs. 217 is an error of

BUNCH IV

13. Noting charges are paid in the event of a Bill.
14. — Profit on sale of fixed asset is a profit.
15. Value of an asset means the amount that it fetches on sale at the end of its useful working life.
16. If both the aspects of a same transaction appear in one account, it is called an entry.
(4 x 1= 4)

Contact-

Mahatma Gandhi University
Priyadharshini Hills
Kottayam, Kerala 686560