BBASemester 12025-26Financial AccountingBBA103

Financial Accounting (BBA103) - AKTU Question Paper 2025-26

BBA · Semester 1 · Free PDF Download

This is the official AKTU Financial Accounting Previous Year Question Paper for BBA Semester 1, academic session 2025-26. Published by Dr. A.P.J. Abdul Kalam Technical University (AKTU/UPTU), Lucknow. Free PDF download — no login required.

Course:BBA

Semester:Semester 1

Session:2025-26

University:AKTU / UPTU

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Questions Asked in 2025-26

Financial Accounting (BBA103) — complete question paper · 70 marks · 3 Hours

Section AAttempt all q u e s t i o n s i n b r i e f . 2 x 07 = 14

a
Explain financial accounting
b
Explain trial balance
c
What is double entry system
f
List the components of final accounts
g
Explain International Financial Reporting Standard(IFRS)

Section BAttempt any three o f t h e f o l l o w i n g : 7 x 3 = 21

a
Explain the purpose and scope of accounting in a business co ntext. How does accounting contribute to the overall management and decisi on- making processes within an organization?
b
Evaluate the concept of the double-entry system in accounting. What are its key principles and how does it ensure the accuracy of finan cial records?
c
Critically assess the factors that influence the choice of i nventory valuation method for a business. How do these factors impact fi nancial reporting and decision-making?
d
Analyze the purpose and components of a trading account. How does it help in determining the gross profit or loss of a business?
e
Elaborate the key provisions o f Ind AS 16 – Property, Plant, a n d Equipment. How do these provisions impact the recognition, measurement, and disclosure of fixed assets in financial statements?

Section CAttempt any one p a r t o f t h e f o l l o w i n g : 0 7 x 1 = 0 7

a
Critically assess the importance and limitations of accounti ng information for various stakeholders, such as investors, credit ors, and management. How do these limitations affect decision-making?
b
Compare and contrast the di fferent types of expenditures in accounting: capital expenditure, revenue expe nditure, and deferred revenue expenditure. How do these classifications impact financial statements?
a
For the following transactions, develop journal entries for the month of January, 2018
b
Critically assess the benefits of maintaining a ledger in ac counting. How does it aid in the organization and retrieval of financial information?
a
Explain the concept of depreciation in accounting. Why is it significant for businesses to account for depreciation?
b
Examine the process to calculate depreciation using the stra ight-line method. Discuss the advantages and disadvantages of this method
a
Develop a step-by-step guide to preparing a trial balance. I nclude an example to illustrate how balances from ledger accounts are tra nsferred to the trial balance
b
Examine the process of preparing a cash flow statement for a joint stock company. How do the cash flows from different activities reflec t the company's financial performance and position?
a
Critically assess the process of issuing Indian Accounting S tandards (Ind AS). What are the key steps involved in developing and implemen ting these standards?
b
Develop a detailed explanation of the need for convergence o f Indian Accounting Standards (Ind AS) w ith IFRS. How does this converge nce benefit the economy, investors, industry, and accounting professionals?

Question text is extracted from the official AKTU question paper PDF above. Hindi translations are omitted — every question is printed in English in the original paper. Last verified: 2026-08-23.

Repeated Questions — BBA103

Questions that appeared in more than one session, found by comparing 2 years of Financial Accounting papers (2024-25, 2025-26)

Explain financial accounting