Computerised Accounting System — DU B.Com (P) Previous Year Question Papers

1. The utility of accounting information depends entirely on its relevance to its users and the principles followed during its preparation. Identify the various users of accounting information and explain the fundamental accounting principles that govern the recording of financial transactions. 2. Write Short Notes on the following : (a) Accounting Equation (b) Computerised vs Manual Accounting Systems (c) Types of Vouchers 3. Pass the journal entries for the following transactions : Saksham is a businessman dealing in electronics. From the following transactions, pass journal entries for the month of January, 2026. 1 Commenced business with the following : Land & Building 4,00,000 2 Purchased machinery worth Rs. 2,00,000 and paid Rs. 2000 for its installation. 3 Cash deposited into Current account 2,00,000 4 Purchased goods from Sachin worth Rs. 10,000 and payment made through 5 Sold goods worth Rs. 1,00,000 at a trade discount of 10% 6 Sold Land of book value Rs.1,50,000 for Rs. 2,00,000 7 Goods worth Rs. 20,000 were distributed as free samples for sales promotion 8 The proprietor bought a car worth Rs. 1,00,000 for his personal use. 9 A debtor from whom Rs. 50,000 was due , paid only half and rest was declared bad debts 10 Paid Salaries Rs.5000, Rent Rs.2500 and Electricity bill Rs. 8000 by cheque 4. From the following balances extracted from the books of Mr. Raj, prepare a Trial Balance as on 31st Mar, 2026. 5. The trial balance of Mr.X for the year ended 31st December, 2025 is given below. Prepare his Trading and Profit and Loss Account for the year ended 31st Particulars Debit (Rs.) Credit (Rs.) Bad debts 125 Bad debts reserve 200 Debtors and Creditors 3,800 2,500 Purchases and Sales 5,475 15,450 Babk overdraft 2,850 Sales Returns and Purchase Retums 200 125 Tax and Insurance (Indirect) 1250 General expenses 782 (i) Stock on 31st December, 2025 was valued at Rs. 3,250. (ii) Depreciate building at 5%, furniture at 10% and machinery at 20%. (III) Interest Rs. 85 is payable on bank overdraft. Salary Rs. 300 and tax Rs. 120 are outstanding. (iv) Insurance prepaid is Rs. 100 and one-third of the commission is received in advance. (v) Furniture purchased in January 2001 worth Rs. 100 is included in purchases. (vi) Write off Rs. 100 as further bad debts and reserve for doubtful debts is to be made equal to 5% on debtors. 4. SUE 110 Amount (8) put # sep 25,000 faaruT Debit (Rs.) Credit (Rs.)