60101/BPZ1A/BPW1A/ BPF1A/MAM1A/SBAMK/ BPC1A/BPG1A/BPM1A
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1 NOVEMBER 2015 Time : Three hours Maximum : 75 marks SECTION A (10 2 = 20 marks) Answer any TEN questions. 1. What is Petty cash book? ]À»øμ öμõup Hk GßÓõÀ GßÚ? 2. Give a short note on Dual aspect concept. C ußø P zx ØÔ ]ÖSÔ GÊxP. 3. What is Subscription? \ uõ Gß x õx? 4. Why do you prepare trading account?  õ õμ PnUøP } Hß u õ UQÓõ? 5. What is suspense account? AÚõ zx PnUS GßÓõÀ GßÚ? 6. What is pass book? ö\à»k GßÓõÀ GßÚ? 7. Give a formula for computing the rate of depreciation. u õú ÂQu PnUQkÁuØPõÚ `zvμzøu u P. 8. What is memorandum trading account? SÔ õøn  õ õμ PnUS GßÓõÀ GßÚ?
2 9. What do you understand by net worth method? {Pμ v øó ØÔ }º AÔÁx õx? 10. Point out the methods to ascertainment of profit under single entry system. JØøÓ vä øó ß RÌ»õ PnUQkÁuØPõÚ øópøí SÔ kp. 11. Journalize the following transactions 2010 Jan. 1. Commenced business with 50, Purchased goods for cash 10, Sold goods to Madan 15,000 ßÁ háiuøppðus SÔ mk väpò u P IÚÁ, 1. öuõèà öuõh[q x ¹. 50, öμõupzvøs \μus Áõ[Q x ¹. 10, uýus PhÝUS \μus ÂØÓx ¹. 15, A machine was purchased for 30,000 on It is expected to last for 5 years. Estimated scrap at the end of five years is 5,000. Find out the rate of depreciation AßÖ ¹.30,000 v ÒÍ C vμ Áõ[P mhx. Gvº õus ÚÎ Põ» 5 BskPÒ BS. 5 Bsk iâà CÖv v ¹. 5,000. u õú ÂQuzøu PnUQk. 2
3 SECTION B (5 5 = 25 marks) Answer any FIVE questions. 13. Prepare Trial balance from the following ledger balance for the year ending Capital 50,000 Purchases 60,000 Sales 1,77,000 Return inward 1,000 Return outward 50 Discount (Dr.) 350 Stock (1-1-99) 30,000 Bank charges 75 Discount (Cr.) 800 Creditors 25,000 Debtors 45,000 Carriage inwards 750 Salaries 6,800 Carriage outwards 1,200 Wages 10,000 Rent and Taxes 10,000 Bad debts provision 525 Cash in hand 900 Advertisement 2,000 Cash at bank 6,000 Plant and Machinery 80, BskUPõÚ ßÁ μmk C PøÍ öpõsk C õ øá u õ UP. ¹. ¹. uà 50,000 öpõò uà 60,000 ÂØ øú 1,77,000 EÒv 1,000 öáîv 50 uòð i( ) 350 \μuq (1 1 99) 30,000 Á[Q Pmhn 75 uòð i (ÁμÄ) 800 PhÜ uõº 25,000 PhÚõÎPÒ 45,000 EÒyUS T¼ 750 \ Í 6,800 öáîyus T¼ 1,200 3
4 ¹. ¹. T¼ 10,000 ÁõhøP ØÖ Á PÒ 10,000 ÁμõPhß JxUS 525 øp öμõup 900 ÂÍ μ 2,000 Á[Q öμõup 6,000 ö õô ØÖ C vμ 80, From the following balances taken from the books of Ved & Co., prepare Trading and Profit and Loss account for the year ending 30 th June, 2002 and Balance Sheet as on that date. Capital 35,000 Return outward 110 Building 18,750 Salaries 1,110 Machinery 9,250 Discount allowed 200 Debtors 7,000 Stock ( ) 16,500 General expenses 800 Bills payable 5,000 Rent paid 3,710 Sales 63,500 Drawings 650 Purchases 46,850 Electric Charges Carriage inward 190 Wages 2, Cash in hand 1,800 Cash at bank 3,000 Sundry Creditors 10,000 Return inward 450 Closing Stock is valued 18,210 4
5 ßÁ C PÒ öám ØÖ PõÂß HkPÎÀ C x GkUP mhx. 30 áúß õ Íõk iäö BskUPõÚ,  õ õμ, C»õ mh PnUS ØÖ A õøí C {ø»usô ø ² u õ UP. ¹. ¹. uà 35,000 öáîv 110 Pmih 18,750 \ Í 1,110 C vμ 9,250 uòð i AÝ vzux 200 PhÚõÎPÒ 7,000 \μuq ( ) 16,500 ö õx ö\»äpò 800 ö\¾zxáuøs õøö^mk 5,000 ÁõhøP ö\¾zv x 3,710 ÂØ øú 63,500 Gk 650 öpõò uà 46,850 ªß\õμ Pmhn 190 T¼ 2,500 EÒyUS T¼ 850 øp öμõup 1,800 Á[Q 3,000 Ø» PhÜ uõº 10,000 öμõup EÒv 450 CÖv \μuq ß v ¹. 18, The bank over draft of Kavi on as per cash book is 9,000. From the following particulars, prepare bank reconciliation statement: (a) Un presented cheque 3,000 (b) Uncleared cheque 1,700 (c) Bank interest debited in the pass book only 500 (d) Bill collected and credited in the pass book only 800 (e) Cheque of Renu dishonoured 500 (f) Cheque issued to Sekar entered in the cash column of cash book
6 AßÖ öμõup Hmiß i PÂ ß Á[Q À Áøμ ØÖ ¹.9,000. ßÁ ÂÁμ[PøÍ öpõsk Á[Q \ Pmk mi ø» u õ UP. (A) ö\¾zuõu Põ \õø» ¹. 3,000 (B) öuîâà»õu Põ \õø» ¹. 1,700 (C) ö\à»mià mk ØÖøÁUP mh Á[Q Ámi ¹. 500 (D) ö\à»mià mk Á`¼zx ÁμÄ øáup mhx ¹. 800 (E) μqâß Põ \õø» AÁ vup mhx ¹. 500 (F) öμõup HmiÀ öμõup zv À vä ö\ mh \P US AÎzu Põ \õø» ¹ A fire occurred in the premises of X Ltd., on All stocks were destroyed except to the extent of 6,200. From the following figures, ascertain the loss of stock suffered by the company: Stock on ,000 Purchases during ,45,000 Sales during ,00,000 Stock on ,000 Purchases during 1991 upto the date of fire Sales during 1991 upto date of fire 6 1,52,200 1,89,000
7 AßÖ X ¼ªöhmiß ChzvÀ w HØ mhx. ¹. 6,200 v ÒÍ \μuspò uâμ HøÚ \μuspò AøÚzx AÈ xâmhú. ßÁ öuõøppøí öpõsk {Ö õv øh u \μuq mhzøu PnUQk. ¹. \μuq , À öpõò uà 1,45, À ÂØ øú 2,00, À \μuq 25, BsiÀ w HØ mh õò Áøμ»õÚ öpõò uà 1991 BsiÀ w HØ mh õò Áøμ»õÚ ÂØ øú 1,52,200 1,89, Amitabh keeps his books under single entry system. Assets and liabilities on and stood as follows: () () Cash 10 2,000 Bank balance ,000 Stock 7,000 10,000 Sundry debtors 15,000 20,000 Furniture 3,000 3,000 Sundry creditors 3,000 6,000 He introduced an additional capital of 3,000 during He withdrew 7,000 for his domestic purpose. Find out the profit for
8 Aªuõ AÁ øh HkPøÍ JØøÓ vä øó À μõ zx Á QÓõº ØÖ BskUPõÚ ö\õzxupò ØÖ ö õö PÒ ßÁ õö: (¹.) (¹.) öμõup 10 2,000 Á[Q C ,000 \μuq 7,000 10,000 Ø» PhÚõÎPÒ 15,000 20,000 AøÓP»ß 3,000 3,000 Ø» PhÜ uõº 3,000 6, AßÖ AÁº Cmh TkuÀ uà ¹. 3,000. AÁ øh ö\õ u uøáus ¹. 7,000 Gkzx öpõshõº BskUPõÚ C»õ zøu PnUQk. 18. What are the objectives of accounting? PnUQ ¼ß õup[pò õøá? 19. From the following details find out the credit purchases and total purchases: Cash purchases 29,000 Bills payable paid during the year 10,500 Bills payable (Opening) 7,500 Purchase returns 1,500 Bills payable (Closing) 2,500 Allowances from creditors 800 Creditors (Opening) 20,000 Bills payable dishonored 300 Creditors (Closing) 18,000 Cash paid to creditors 25,000 8
9 ßÁ ÂÁμ[PøÍ öpõsk Phß öpõò uà ØÖ ö õzu öpõò uø» PnUQk. ¹. ¹. öμõup öpõò uà 29,000 h õsià ö\¾zv ö\¾zxáuøs õøö^mk 10,500 ö\¾zxáuøs õøö^mk (öuõhup ) 7,500 öpõò uà v 1,500 ö\¾zxáuøs õøö^mk (CÖv) 2,500 PhÜ uõ h ö ØÓx 800 PhÜ uõº (öuõhup ) 20,000 AÁ vup mh ö\¾zxáuøs õøö^mk 300 PhÜ uõº (CÖv) 18,000 PhÜ uõ US ö\¾zv öμõup 25,000 SECTION C (3 10 = 30 marks) Answer any THREE questions. 20. Record the following transactions completed during the month of March 1999 in the journal. Mar 1 Paid rent for the month Paid cash for office stationery 60 8 Purchased office equipment on account 10, Paid advertisement expenses Received cash from Kumar on account 8, Paid Maran on account 4, Withdrew cash for personal use 2, Paid telephone bill Paid for repairs to typewriters Paid electricity bill for the month 400 9
10 ßÁ háiuøppøí õºa 1999 Bsiß SÔ mià vä ö\ P. õºa ¹. 1 õuáõhøp ö\¾zv x A¾Á»P GÊxö õ ÐUS ö\¾zv öμõup 60 8 A¾Á»P ö õôpò Áõ[Q x 10, ÂÍ μ ö\»äpò ö\¾zv x S õ h ö ØÓ öμõup 8, õóýus ö\¾zv x 4, ö\õ u uøáus n Gkzux 2, öuõø» ] Pmhn ö\¾zv x umha_ ö õô Êx õº US ö\¾zv x õu ªß\õμ Pmhn ö\¾zv x Prepare a Trading and Profit and Loss account for the year ending 31 st March 2001 and a balance Sheet as on that date from the following balances: Particulars Particulars Capital 52,000 Sundry debtors 31,000 Sales 1,01,000 Purchases 72,000 Purchase returns 1,900 Rent 560 Opening stock 22,000 Carriage inwards 390 Furniture and fittings 5,500 Bad debts 160 Sundry creditors 6,200 Postage and telegrams 210 Investments 16,700 Travelling expenses
11 Particulars Particulars Salaries 1,800 Cash at bank 3,270 Sales returns 5,200 Wages 1,300 Printing and stationery 240 Insurance 220 Adjustments: (a) Salaries outstanding 150 (b) The closing stock 18,500 (c) Insurance was prepaid 30 (d) Charge 10% depreciation on furniture ßÁ C PøÍ öpõsk 31 õºa 2001 BskUPõÚ Â õ õμ, C»õ mh PnUS ØÖ A õøí C {ø»usô ø ² u õº ö\ P. ÂÁμ[PÒ ¹. ÂÁμ[PÒ ¹. uà 52,000 Ø» PhÚõÎPÒ 31,000 ÂØ øú 1,01,000 öpõò uà 72,000 öpõò uà v 1,900 ÁõhøP 560 öuõhup \μuq 22,000 EÒyUS T¼ 390 AøÓP»ß ö õ zxpò 5,500 ÁμõUPhß 160 Ø» PhÜ uõº 6,200 u õà ØÖ u v 210 u½kpò 16,700 õusáμzx ö\»ä 550 \ Í 1,800 Á[Q öμõup 3,270 ÂØ øú v 5,200 T¼ 1,300 Aa_ ØÖ GÊxö õ Ò 240 Põ k
12 \ PmkuÀPÒ: (A) öpõk h Ási \ Í ¹. 150 (B) CÖv \μuq ¹. 18,500 (C) ßTmi ö\¾zv Põ k ¹. 30. (D) AøÓP»ß «x 10% u õú }USP. 22. The following errors were found in the books of Prabhakar & Sons. Give the necessary entries to correct them: (a) Salary of 1,000 paid to a Mohan due to him has been debited to his personal account. (b) 1,500 paid in cash for a typewriter was charged to office expenses account. (c) 5,000 paid for furniture purchased has been charged to purchases account. (d) Repairs made were debited to Building account for 250. (e) An amount of 500 withdrawn by the proprietor for his personal use has been debited to trade expenses account. (f) 200 received from Shanthy & Co., has been wrongly entered as from Shajahan & Co., 12
13 μ õpº ØÖ \ PõuμºPÒ HkSÎÀ C x ßÁ øçpò PshÔ mhú. AuøÚ \ ö\ ÁuØPõÚ \ õú vøá u P. (A) õpýus ö\¾zv \ Í ¹.1,000 I AÁ øh ö\õ u PnUQÀ ØÖ øáup mhx. (B) umha_ ö õôus ö\¾zv öμõup ¹. 1,500 I A¾Á»P ö\»ä PnUQÀ GÊu mhx. (C) AøÓP»ß Áõ[P ö\¾zv öμõup ¹.5,000 I öpõò uà PnUQÀ GÊu mhx. (D) Êx õº ö\»ä ¹. 250 Pmih PnUQÀ ØÖ øáup mhx. (E) E ø õíμõà ö\õ u ß õmiøs GkUP mh öuõøp ¹. 500  õ õμ ö\»ä PnUQÀ ØÖ øáup mhx. (F) \õ v ØÖ PõÂh ö ØÓ öuõøp ¹. 200 I uáöu»õp \õáíõß ØÖ Põ GÚ v mhx. 23. Abi & Co. purchased a machine on for 9,250 and immediately spent 750 on its erection. On , it purchased another machine for 2,500 and , it sold off the first machine purchased in 1995 for 7,000 and on the same date it purchased another machine for 6,250. On the second machine purchased for 2,500 was also sold off for 500. Depreciation was provided on the machinery on written down value basis at 10% p.a. Give machinery account for four years commencing from January 1,
14 AßÖ A ØÖ Põ ¹. 9,250 US C vμ JßøÓ Áõ[Q x. ¾ EhÚi õp {ÖÄÁuØS ¹. 750 ö\¾zv x AßÖ ØöÓõ C vμ ¹. 2,500 US Áõ[P mhx. ¾ AßÖ 1995 À Áõ[Q uà C vμzøu ¹. 7,000US ÂØP mhx. A u õîà ¾ J C vμ ¹. 6,250 Áõ[P mhx AßÖ ¹. 2,500 US Áõ[Q CμshõÁx C vμzøu ¹ US ÂØP mhx. SøÓ u ö\à v øó À BskUS 10% u õú }UP h Ásk. áúá 1, 1995 uà õßs BskUPÐUPõÚ C vμ PnUøP u P. 24. Rathinam keeps his books under single entry system. From the following information prepare trading and P & L account and Balance sheet as on Assets and Liabilities () () Debtors 16,300 21,250 Stock 8,330 11,220 Furniture Creditors 5,100 3,780 Other transactions: Cash received from debtors 52,680 Cash sales 1,275 Cash paid to creditors 37,400 Cash purchases 4,250 Salaries 10,200 Discount received 595 Rent and taxes 1,275 Discount allowed
15 Other expenses 1,530 Returns inwards 850 Drawings 2,550 Return outwards 680 Additional 1,700 Bad debts 170 Capital Adjustments: Write off depreciation of 5% on furniture. Create a reserve of 1% on debtors for doubtful debts. öμzvú AÁ øh HkPøÍ JØøÓ vä øó À μõ zx Á QÓõº. ßÁ ÂÁμ[PøÍ öpõsk BskUPõÚ Â õ õμ, C»õ mh PnUS ØÖ C {ø»u SÔ ø u õº ö\ P. ö\õzxupò ØÖ ö õö PÒ (¹.) (¹.) PhÚõÎPÒ 16,300 21,250 \μuq 8,330 11,220 AøÓP»ß PhÜ uõº 5,100 3,780 Cuμ háiuøppò: ¹. ¹. PhÚõÎPÎh ö ØÓ öμõup 52,680 öμõup ÂØ øú 1,275 PhÜ uõ US ö\¾zv x 37,400 öμõup öpõò uà 4,250 \ Í 10,200 uòð i ö ØÓx 595 ÁõhøP ØÖ Á PÒ 1,275 uòð i AÎzux
16 ¹. ¹. Cuμ ö\»äpò 1,530 EÒv 850 Gk 2,550 öáîv 680 TkuÀ uà 1,700 ÁõμõUPhß 170 \ UPmkuÀ: AøÓP»ß «x 5% u õú }USP. PhÚõÎPÒ «x 1% Áõμõ I UPhß JxUS E ÁõUSP. 16
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