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1. Dear students, get fully solved assignments by professionals
Do send your query at :
help.mbaassignments@gmail.com
or call us at :08263069601
Internal Assignment No. 1
Bachelor of Business Administration (BBA)- (Retalling)
Paper Code: BBA – 101
Note : QuestionNo. 1 is of short answer type and is compulsory for all the students. It carries 5 Marks.
(Word limits 50-100)
Q. 1. Answer all the questions:
(i)What do you mean by accounting?
Ans.It isa systematicprocessof identifying, recording, measuring, classifying, verifying, summarizing,
interpreting and communicating financial
(ii) DistinguishbetweenProfit andLoss Account andtrading a/c.
Ans.Trading Account is an account that is prepared by the entities to know the profit earned or
loss suffered from trading activities. On
(iii) What do you mean by incomplete records?
Ans.Incomplete records refers to a situation in which an organization is not using double-
entry bookkeeping. Instead, it is using a more informal accounting system, such as a single-
entry system, to maintain a red

2. (iv) What do you mean by forfeited of share? Explain with example.
Ans.A forfeited share is a share in a company that the owner loses (forfeits) by failing to meet
the purchase requirements. Requirements may include paying an allotment or call
money owed, or avoiding selling or transferring
company.
v) Explainany one method of depreciation
The capital cost allowance (CCA) isarate of depreciationusedforincome tax purposesonly.Thisterm
primarilyrelatestoCanadiantaxation.The CCA rate thatcan be claimeddependsonthe assetitself;for
example,computersoftware hasamuchhigherCCA rate than buildingsorfurniture.The CCA is
essentiallyabusine
Note:Answer any two questions. Eachquestioncarries 5 marks (Wordlimits
500)
Q. 2. What do you mean by accounting? Who are the users of accounting?
Explainits scope.
Accountancy is the process of communicating financial information about a business
entity to users such as shareholders and managers (Elliot, Barry & Elliot, Jamie:
Financial
Q. 3. Define debenture. Explainthe various types of debentures.
a debenture is a medium to long-term debt instrument used by large companies to borrow
money, at a fixed rate of interest. The legal term "debenture" originally referred to a document

3. that either creates a debt or acknowledges it, but in some countries the term is now used
interchangeably with bond, loan stock or note.
The majortypes of debentures are as follows:
1.Types OfDebentures On The Basis OfRecord PointOf View
a. RegisteredDebentures
These are the debenturesthatare
Internal Assignment No. 2
Bachelor of Business Administration (BBA)- (Retalling)
Paper Code: BBA – 101
Note : Question No. 1 is of short answer type and is compulsory for all the
students. It carries 5 Marks. (Word limits 50-100)
Q. 1. Answer all the questions:
(i) Define accounting. Give the main objectives of accounting.
Ans.
Financial accounting is the process by which an organization's transactions are collected,
measured, recorded and presented. This process is designed to accurately reflect business
activity, help companies meet the requirements of the law, present financial accounts to
business owners, allow for improved
(ii) What do you mean by depreciation? Give tworeasonof decrease inthe
value of assets.
Definition: Themonetary value of an asset decreases over time due to use, wear
and tear or obsolescence. This decrease is me

4. (iii) What is income and expenditure account? Howis it differentiate for
receipt andpayment account?
Income & Expenditure Account:
1. It is a nominal account and summarizes all expenditures and incomes of a non-profit
organization.
2. The basic purpose of this account is to find out the surplus or deficit of the organizations.
3. Expenditures are shown
(iv) Write down the different type of shares.
Types of shares
A company may have many different types of shares that come with different conditions and
rights in relation to profit entitlement, entitlement to capitalif the business is wound up
and voting rights within the business.
Share types
The five main types of shares are:
1. Ordinary shares are the most common type of shares and are standard shares with no
special rights or restrictions. They
(v) What do you mean by redemptionof debenture?
Redemption of debentures means the repayment of the amount of debentures to debenture
holders. In other words redemption refers to discharge of an obligation arising out of the
contractual obligations created on account of debenture trust deed. The redemption of
debenture is made by the company in accordance with the terms and conditions of issue which
are clearly stated in the debenture certificate.

5. Note:Answer any two questions. Eachquestioncarries 5 marks (Wordlimits
500)
Q. 2. What do you mean by accounting concepts andconventions? Explain
briefly important accounting concept.
In drawing up accounting statements, whether they are external "financial accounts" or
internally-focused "management accounts", a clear objective has to be that the accounts fairly
reflect the true "substance" of the business and the results of its operation.
The theory of accounting has, therefore, developed the concept of a "true and fair view". The
true and fair view is applied in
Q. 3. What are redeemable [reference shares? Discuss the differentmethods of
redeeming the redeemable preferenceshares.
There are certain provisions that need to be fulfilled, under Section 48 of the Companies Act,
2013, for preference shares to be redeemed.
1. The redeemable preference shares must be fully paid-up.
2. The redeemable preference shares can be redeemed only if the terms laid down at
the time of issuing are met.
Dear students, get fully solved assignments by professionals
Do send your query at :
help.mbaassignments@gmail.com
or call us at :08263069601