DU B.Com (Hons) Financial Accounting: Repeated Questions and Numericals (Sem 1)
We compared three NEP/UGCF B.Com (Hons) Financial Accounting papers (UPC 2412081103). The same theory questions and numerical types came back, often with only the names and numbers changed.
Financial Accounting (Unique Paper Code 2412081103, DSC-1.3) is the Semester 1 B.Com (Hons) paper where marks depend on practice. Looking at past papers pays off here more than in a theory subject, because the numericals repeat with only the names and numbers changed.
We read the three NEP/UGCF papers we have side by side (all say: attempt all questions, with the parts of a question attempted together):
| Paper | Question paper Sr. No. | Listed in our archive as |
|---|---|---|
| Paper 1 | 4366 | Nov-Dec 2024 |
| Paper 2 | 851 | 2025 |
| Paper 3 | 7369 | 2026 |
Year labels on uploaded PDFs are not always exact, so go by the Sr. No. printed on the paper. All three are on the B.Com (Hons) Financial Accounting PYQ page.
Where the same topic came in all three papers
| Topic | Paper 1 (4366) | Paper 2 (851) | Paper 3 (7369) |
|---|---|---|---|
| IFRS (meaning, need for convergence) | Yes | Yes | Yes |
| Fair value | Meaning and advantages | Revaluation journal entries | Short note |
| Depreciation and the machinery/plant account (purchases and sales during the year) | Plant destroyed by fire | Machinery sold, method changed | Machinery bought and part-sold |
| Inventory valuation | Material cost; petrol inventory | Petrol inventory | Stock as per AS-2; FIFO and weighted average |
| Revenue recognition (AS 9) | Yes | Yes | Yes |
| Final accounts of a sole proprietor from a trial balance | Yes | Yes | Yes |
| Not-for-profit accounts (income and expenditure, subscriptions, stationery creditors) | Yes | Yes | Yes |
| Branch accounting (debtors system) | Delhi to Kolkata | Jaipur and Agra | Delhi to Jaipur |
If you can do these eight types, you have covered most of every paper.
Questions that were repeated almost word for word
These came in more than one paper, with the wording unchanged or nearly so.
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"What is meant by IFRS? Why is there a need for convergence?" Papers 1 and 2 (and Paper 3 asked "need and benefit of IFRS").
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"What are accounting policies as per AS 5? Explain the considerations in selection of accounting policies. In what conditions should a change be made?" Papers 1 and 2.
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"State the meaning of contingent assets. Explain the principles for the measurement of a provision according to AS 29." Papers 1 and 2.
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The petrol distributor inventory problem. "HP is a leading distributor of petrol" (Paper 1) and "Oil India is a leading distributor of petrol" (Paper 2). Same question, different numbers.
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The club accounts block. A club with a prize fund and sports fund investments, a club with subscriptions in arrears and in advance, and "creditors for stationery and stock of stationery" with cash purchases at 20 percent of total purchases. Papers 1 and 2 both asked all three, with new names and numbers. Paper 3 asked the subscription, building fund and sports-material-supplier versions.
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The branch problem. "X of Delhi invoices goods to its branch at 20% less than the list price, which is cost plus 100%, with cash sales at invoice price and credit sales at list price." Paper 1 (Kolkata) and Paper 3 (Jaipur) use the same set-up.
Other topics that came more than once
| Topic | Papers |
|---|---|
| Prior period items (AS 5) | 1, 3 |
| Capital vs revenue expenditure | 1, 3 |
| Intangible assets (AS 26: recognition, patent amortisation) | 1, 2 |
| Accounting principles and concepts (prudence, going concern, accrual, full disclosure, cost concept) | 2, 3 |
| GST in the accounts (input and output CGST/SGST in the trial balance, input tax credit) | 1, 2, 3 |
GST is now part of the paper. Both Paper 1 and Paper 2 show Input and Output CGST/SGST balances in the trial balance, and Paper 3 asked about input tax credit directly.
True/false in Paper 3: statements and answers
Paper 3 started with nine true/false statements (attempt six, 2 marks each). Seven with clear answers:
| Statement | Answer | Why |
|---|---|---|
| Accrual accounting recognises revenue and expenses when earned or incurred, regardless of cash | True | That is the definition. |
| GST input tax credit allows a refund of GST paid on purchases | False | It is set off against output GST payable, not refunded (refunds apply only in special cases). |
| Expenditure that benefits the current period is revenue expenditure | True | |
| The consistency principle allows changing methods without restriction | False | Changes need a valid reason and disclosure. |
| Stock is valued at cost or NRV, whichever is higher | False | It is whichever is lower. |
| A change in the useful life of machinery is a change in accounting estimate | True | |
| Outstanding salary is a nominal account | False | The outstanding amount is a liability (personal account). Salary is the nominal account. |
The standard answer set to keep ready
Theory (18 marks in Q1). Write each of these once, with the standard number: IFRS and convergence, AS 5 (accounting policies, prior period items, changes in estimate), AS 29 (provisions and contingent assets), AS 2 (inventories), AS 9 (revenue), AS 26 (intangibles), fair value, and the accounting principles.
Numericals. Practise each type once from a past paper, then redo it with different numbers:
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Machinery/plant account with purchases and sales and a depreciation rate (with and without a change of method).
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Inventory valuation: AS-2 (lower of cost and NRV), FIFO and weighted average, and the petrol-distributor type.
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Final accounts with 5 to 7 adjustments, including GST balances.
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Club accounts: prize fund, subscriptions (arrears and advance), and stationery and sports-material creditors.
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Branch accounts under the debtors system, with the memorandum accounts.
How to use this before the exam
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Do the five numerical types first. They are most of the marks, and they repeat.
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Learn the three repeated theory questions (IFRS, AS 5 policies, AS 29), because two papers asked them in nearly the same words.
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Revise the true/false list above. Short, scoring, and easy to forget under pressure.
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Time yourself on one full paper. Papers 1 and 2 give 3 hours, so keep the last 30 minutes for the branch and final-accounts questions.
Past repetition does not guarantee what comes next. Use this list to decide what to revise first.
Get the papers: B.Com (Hons) Financial Accounting PYQs · all Semester 1 B.Com (Hons) papers · B.Com (Hons), all semesters
Also read: Business Laws: most repeated questions · DU Semester 1 exam guide for freshers
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