ECO-02 QUESTIONS PAPER DEC 2017

No. of Printed Pages : 6 ECO-02 QUESTIONS PAPER DEC 2017
BACHELOR’S DEGREE PROGRAMME
Term-End Examination
DEC, 2017

ECO-02 QUESTIONS PAPER DEC 2017
ELECTIVE COURSE : COMMERCE
ECO-002 : ACCOUNTANCY-I
Time : 2 Hours Maximum Marks : 50
Weightage : 70%

Note : Attempt any four questions, including question no. 1 which is compulsory.
1. Attempt any two questions from the following : 7+7
(a) Explain briefly the ‘conservatism concept’ of accounting with examples.
(b) State the advantages of maintaining a Petty Cash Book.
(c) Describe the utility of debit note and credit note.
(d) State the transactions recorded in Bills Receivable and Bills Payable Journals.
2. (a) What do you understand by self-balancing system ? State its advantages.
(b) Explain the drawbacks of Single Entry System of accounting.

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