This document provides details of a fully solved assignment for the BBA203 - Financial Accounting course. It includes 6 questions related to accounting conventions, discounts, closing entries, partnership deeds, depreciation methods, and accounting for amalgamation. Students are instructed to answer all 6 questions within 6-8 pages for each question. The assignment is worth 60 marks total.

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Bachelor of Business Administration- MBA Semester
BBA203 –Financial Accounting- 4 Credits
(Book ID: B1520)
Assignment (60 Marks)
Note: Answer all questions (with 300 to 400 words each) must be written within 6-8 pages. Each
Question carries 10 marks 6 X 10=60
Q1.Explain different types of accounting conventions.
Q2.Explain the difference between cash discount and trade discount.
Q3.From the following details, pass the necessary closing entries.
Stock on 1-1-2003 4,000
Purchases 15,000
Bad debts 500
Sales 30,000
Returns to suppliers 2,000
Returns from customers 1,000
Wages and salaries 5,000
Carriage on purchases 1,000
Cartage on sales 200
Depreciation on Machinery 1,000
Freight 800
Factory rent 1,000
Office rent 2,400
General expenses 500
Heating and lighting 700
Discount allowed 300
Discount received 400
Commission (Cr.) 500
Insurance 200
Closing stock 6,000
Q4What do you understand about “Partnership Deed” and explain the various contents in
partnership deed.
Q5.Explain the Annuity and Sinking fund methods of Depreciation.
Q6. Explain accounting for amalgamation and bring out difference between pooling of interest
method and purchase method?