Code No. : Sub. Code : BNCO 3 A/ BNCR 3 A/BNCV 3 A/ BNVN 3 A

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1 Reg. No. :... Sub. Code : BNCO 3 A/ BNCR 3 A/BNCV 3 A/ BNVN 3 A U.G. (CBCS) DEGREE EXAMINATION, APRIL Third Semester Commerce Non Major Elective INTRODUCTION TO ACCOUNTANCY (For those who joined in July ) Time : Three hours Maximum : 75 marks SECTION A (20 2 = 40 marks) Answer ALL questions. 1. PnUQ ¼ß Cµmøhz ußø ø ÂÁ. Explain the dual aspect concept of accounting. 2. RÌUPõq PnUSPÎß ußø GßÚ? (A) ÁmiU PnUS (B) öµõupu PnUS.

2 What is the nature of the following accounts? (a) (b) Interest Account Cash Account. 3. öµõupzvøs ö õ ÒPÒ Áõ[Q uøs SÔ mk vâøúz u P. Give the journal entry for goods purchased for cash. 4. ö\õ uu PnUQøÚ õv ²hß ÂÁ. Explain personal account with an example. 5. µk GßÓõÀ GßÚ? What is a ledger? 6. RÌUPsh háiuøppøí µmià vä ö\ P. (A) µõªøsa ö\¾zv öuõøp ¹.10,000. AÁº AÎzu öµõupz uòð i ¹.500 (B) _ µæhª x ö ØÓ öuõøp ¹.8,000. AÁ US AÎzu uòð i ¹.500. Post the following transactions in the ledger. (a) Payment made to Ram 10,000. He allowed a cash discount of 500 (b) Received cash from Suresh 8,000 and allowed him a discount of 500 Page 2

3 7. RÌUPõq µmk väpîà GkzöuÊv PnUSPÐUS SÔ mk väpøíz u P, Põ mk PnUS A P/S 20,000 uòð i PnUS öµõup P/S 500 Give journal entries for the following postings in the ledger accounts. Insurance Account To A 20,000 Discount Account To Cash RÌUPõq µmk väpîà GkzöuÊv PnUSPÐUS SÔ mk väpøíz u P. ÁõhøP PnUS öµõup P/S 12,000 ÂØ øú PnUS öµõup P/S 5,40,000 µè P/S 3,70,000 Page 3

4 Give journal entries for the following postings in the ledger accounts. To cash 12,000 Rent account Sales account By Cash 5,40,000 By Naresh 3,70, RÌUPõq ÁØøÓ AÁØÔØS xøn HmiÀ vä ö\ P Pè Asm PõÂ¼ x ö õ ÒPÒ Áõ[Q x áúß 4 58,000 PÈUP 10% Â õ õµz uòð i 21 ææ Asm PõÂ¼ x ö õ ÒPÒ Áõ[Q x 87,000 Record the following in the proper subsidiary books June 4 Purchased goods from Mahesh & CO for 58,000 less 10% trade discount 21 Purchased goods from Shiv & Co for 87, ÂØ øú Hmiß õv iá u P. Give the proforma of a sales book. Page 4

5 11. PhÝUS ö\ u ö õ ÒPøÍ \µupîz uõºus v AÝ õx öáîz v HmiÀ vä ö\ k. A u õßö PhÝUS ö\ u ö õ ÒPøÍ ÁõiUøP õíºpò v AÝ õx EÒ v HmiÀ vä ö\ k. Goods Outward Journal is meant for recording all returns of goods on credit, whereas Goods Inward Journal is meant for recording all returns of goods on credit. 12. C õ Ä GßÓõÀ GßÚ? What is a Trial Balance? 13. C õ Ä u õ UPÄ.»uÚ 10,000; öµõup 12,000; öpõò uà 4,000; õpß (PhÜ uõº) 2,000; ÂØ øú 4,000. Prepare a Trail Balance. Capital 10,000; Cash 12,000; Purchases 4,000; Mohan (Cr) 2,000; Sales 4, C õ Ä u õ uß õup GßÚ? What is the object of preparing a Trial Balance? Page 5

6 15. öµõup 5,500; Ámi ö ØÓx 2,000; ÂØ øú 28,500; öpõò uà 25,000. C õ Ä u õ UP. Cash 5,500; Interest received 2,000; Sales 28,500; Purchases 25,000. Prepare a Trail Balance. 16. öµõup 33,000; ö\õzx 32,000; ÁõiUøP õíºpò 5,000; \µur uõº 5,000. õ Âhª x Phß ö ØÓx 10,000;»uÚ 55,000. C õ Ä u õ UP. Cash 33,000: Assets 32,000; Customers 5,000; Suppliers 5,000; Loan from Babu 10,000; Capital 55,000. Prepare a Trail Balance. 17. C»õ mhu PnUS GßÓõÀ GßÚ? What do you mean by a profit and loss account? 18. CÖva \µuq ØPõÚ SÔ mk vâøúz u P. Give the journal entry for closing stock. 19. R Ç öpõkzxòí Â µ[pî¼ x Â õ õµu PnUS u õº ö\ P. öuõhupa \µuq 20,000; öpõò uà PÈUP v 1,90,000; ÂØ øú PÈUP v 2,80,000; CÖva \µuq 50,000. Page 6

7 Prepare trading account from the following details. Opening stock 20,000; Purchases less returns 1,90,000; Sales less returns 2,80,000; Closing stock 50,000; 20. R Ç öpõkzxòí Â µ[pî¼ x C»õ mhu PnUS u õº ö\ P. {Pµ C»õ 1,00,000; Ámi ö ØÓx 20,000; ÁõhøP ØÖ \ Í öpõkzux 30,000; ö õxa ö\»äpò 10,000. Prepare a profit and loss account from the following details. Gross profit 1,00,000, Interest received 20,000; Rent and salaries paid 30,000; General expenses 10,000. SECTION B (5 7 = 35 marks) Answer ALL questions, choosing either (a) or (b), each answer should not exceed 250 words. 21. (A) RÌUPõq øáus SÔ mk väpøíz u P áúá 1, ö\õzx : øp öµõup 20,000, Á[Q öµõup 6,80,000, ö õ ÒPÎß \µuq 4,00,000, AøÓP»ß 10,00,000, ö éºì `º õ µuºì öpõkup Ási x 1,50,000 Page 7

8 ö õö : öµõupuphß 5,00,000, öá ß ¼ªöhmiØS öpõkup Ási Phß 2,00,000 2 \õ ÁÀ Asm PõÂhª x Phß À Áõ[Q ö õ ÒPÒ 1,00,000 3 wµä Asm PõÂØS öµõupzvøs ö õ ÒPÒ ÂØÓx 40,000 4 `º õ µuºéúus Phß À ÂØÓ ö õ ÒPÒ 1,00,000 5 áúá 1 õuqø `º õ Asm µuºêhª x ö õzu õp Áõ[Q x 1,45,000 6 öá ß µuºì ¼ªöhmiØS Põ \õø»» AÎzu öuõøp 95,000 AÁºPÒ AÎzu uòð i 5,000 7 øç AøÓP»ß ÂØÓ öµõup 10,000 Give journal entries for the following January 1, Assets : Cash in hand 20,000, Cash at Bank 6,80,000, Stock of goods 4,00,000, Machinery 10,00,000, M/s Surya Bros. owe 1,50,000. Liabilities : Loan 5,00,000, Sum owing to Jain Ltd 2,00,000 2 Bought goods on credit from Samuel & Co 1,00,000 3 Sold goods for cash to Dhiraj & Co 40,000 Page 8

9 4 Sold goods to Surya Bros. on credit 1,00,000 5 Received from Surya & Bros. in full settlement of Amount due on January 1 1,45,000 6 Payment made to Jain Bros Ltd by cheque 95,000 They allowed discount 5,000 7 Old furniture sold for cash 10, Or (B) RÌUPsh háiuøppøíu SÔ mià vä ö\ P. i\. 1 Aâz öuõèà öuõh[q x 4,00,000 i\. 3 Á[Q À ö\¾zv x 20,000 i\. 5 öµõupzvøs ö õ ÒPÒ Áõ[Q x 1,50,000 i\. 8 öµõupzvøs ö õ ÒPÒ ÂØÓx 60,000 i\. 10 Põ \õø»us AøÓP»ß Áõ[Q x 50,000 i\. 12 AµÂ vøs ö õ ÒPÒ ÂØÓx 40,000 i\. 14 AµÂ vhª x Êø õp ö ØÓx 36, Journalise the following transactions. Dec 1 Ajith started business with cash 4,00,000 Dec 3 He paid into bank 20,000 Dec 5 He purchased goods for cash 1,50,000 Page 9

10 Dec 8 He sold goods for cash 60,000 Dec 10 He purchased furniture by cheque 50,000 Dec 12 He sold goods to Aravind 40,000 Dec 14 He received from Aravind 36,000 in full settlement. 22. (A) RÌUPshÁØøÓ µmià GkzöuÊv \ {ø» kzuä áúá 1 µõ öuõèà öuõh[q x 1,00,000 2 õpûhª x PhÝUS ö õ ÒPÒ Áõ[Q x 20,000 3 õpýus öµõup öpõkzux 10,000 4 _ µåûus ö õ ÒPÒ ÂØÓx 20,000 5 _ µæhª x öµõup Áõ[Q x 20,000 6 õpûhª x CßÝ ö õ ÒPÒ Áõ[Q x 20,000 7 õpýus öµõup öpõkzux 10,000 Page 10

11 Post the following in the ledger and balance the same January 2008 áúá 1 Ram started business with a capital of 1,00,000 2 He purchased goods from Mohan on credit 20,000 3 He paid cash to Mohan 10,000 4 He sold goods to Suresh 20,000 5 He received cash from Suresh 20,000 6 He further purchased goods from Mohan 20,000 7 He paid cash to Mohan 10,000 Or (B) RÌUPõq øáus us u µmk väpøíz u P. 1 ö\õzxupò :øp öµõup 30,000, Á[Q öµõup 8,80,000, ö õ ÒPÎß \µuq 5,00,000, AøÓP»ß 15,00,000, ö éºì `º õ µuºì öpõkup Ási x 2,50,000 ö õö UPÒ : Phß 7,50,000, öá ß ¼ªöhmiØS öpõkup Ási Phß 3,50,000 Page 11

12 2 \õ ÁÀ Asm PõÂhª x Phß À Áõ[Q ö õ ÒPÒ 2,50,000 3 wµä Asm PõÂØS öµõupzvøs ö õ ÒPÒ ÂØÓx 50,000 4 `º õ µuºéúus Phß À ÂØÓ ö õ ÒPÒ 2,50,000 5 áúá 1 õuqø `º õ Asm µuºêhª x ö õzu õp Áõ[Q x 2,45,000 6 öá ß µuºì ¼ªöhmiØS Põ \õø»» AÎzu öuõøp 75,000 AÁºPÒ AÎzu uòð i 5,000 7 øç AøÓP»ß ÂØÓ öµõup 7, January Prepare appropriate ledger accounts : 1 Assets: Cash in hand 30,000, Cash at Bank 8,80,000, Stock of goods 5,00,000, Machinery 15,00,000, M/s Surya Bros. owe 2,50,000 Liabilities: Loan 7,50,000. Sum owing to Jain Ltd 3,50,000 2 Bought goods on credit from Samuel & Co 2,50,000 3 Sold goods for cash to Dhiraj & Co 50,000 4 Sold goods to Surya Bros. on credit 2,50,000 Page 12

13 5 Received from Surya & Bros. in full settlement of Amount due on January 1 2,45,000 6 Payment made to Jain Bros Ltd by cheque 75,000 They allowed discount 5,000 7 Old furniture sold for cash 7, (A) RÌUPõq háiuøppøí µõªß xøn HmiÀ vä ö\ P áúá 1 éõîº íú éýus ö õ ÒPÒ ÂØÓx éõîº íú éß ö õ ÒPÒ v x 45 6 µõ \µýus ö õ ÒPÒ ÂØÓx Pßæ õ US ö õ ÒPÒ ÂØÓx µõ \µß ö õ ÒPÒ v x 50 7 uâ u õ¼hª x Áõ[Q x uâ u õ¼h ö õ ÒPÒ v x. 75 Enter the following transactions in proper subsidiary books of Ram January 1 Sold goods to Zakir Hussain Zakir Hussain returned goods 45 6 Sold to Ram Saran 500 Page 13

14 6 Sold to Ghanshyam Ram Saran returned goods 50 7 Bought from Devi Dhayal Returned goods to Devi Dhayal 75 Or (B) ßÁ háiuøppøí µõªß xøn HmiÀ vä ö\ P áúá 1 µ åûus ö õ ÒPÒ ÂØÓx í µõªhª x Áõ[Q x µ è ö õ ÒPøÍz v U öpõkzux 75 2 wú õzvøs ÂØÓx [PõÂhª x ö õ ÒPÒ Áõ[Q x [PõÂh ö õ ÒPøÍz v U öpõkzux 5 uâu õ¼hª x ö õ ÒPÒ Áõ[Q x Page 14

15 Enter the following transactions in proper subsidiary books of Ram January 1 Sold goods to Ramesh Bought from Hari Ram Ramesh retuned goods 75 2 Sold to Dina Nath Purchased goods from Manga Returned goods to Manga Bought goods from Devi Dayal (A) R Ç öpõkup mkòí Â µ[pî¼ x C õ Ä u õ UP. ÂÁµ»uÚU PnUS 40,611 AøÓP»ß 800 _ºâz L ºÜa\º íäì (PhÜ uõº) Page ÁõµõU Phß 1,000»uÚzvß Ámi 411 öpõò uà 17,620 v õ Asm Põ (PhÚõÎ) 1,120 ÂØ øú 35,320

16 ÂÁµ ææ Asm Põ (PhÜ uõº) 1,800 ÂØ øú v 400 öpõòuà v 600 \ Í 3,425 uòð i ö ØÓx 420 öµõup 54,175 Prepare a Trial Balance from the following details. Particulars Amount Capital Account 40,611 Furniture 800 Surjith Furniture House (Cr) 800 Bad Debts 1,000 Interest on Capital 411 Purchases 17,620 Bindia and Co (Dr) 1,120 Sales 35,320 Shiv and Co (Cr) 1,800 Sales Return 400 Page 16

17 Particulars Amount Purchases Return 600 Salaries 3,425 Discount received 420 Cash 54,175 Or (B) RÌUPõq Â µ[pî¼ x C õ Ä u õº ö\ P. ÂÁµ Á[Q PnUS 25,580 \µus PnUS 20,000 AøÓP»ß PnUS 17,300 AÛÀ PnUS PhÚõÎ 3,000 uà PnUS 55,000 Ámi ö ØÓx 200 öpõò uà 8,800 Phß PnUS 10,000 uòð i ö ØÓx 380 õµz PnUS PhÜ uõº 5,000 Phß À Ámi ö\¾zv x 500 Gk 2,500 Page 17

18 Prepare a Trial Balance from the following details. Particulars Amount Bank Account 25,580 Stock Account 20,000 Furniture Account 17,300 Anil Account A Debtor 3,000 Capital Account 55,000 Interest received 200 Purchases 8,800 Loan Account 10,000 Discount received 380 Bharath Account A Creditor 5,000 Interest on loan paid 500 Drawings 2, (A) RÌUPõq Â µ[pî¼ x 31 i\ º, 2005 BsiØPõÚ CÖvU PnUøP u õº ö\ P. ÂÁµ ÂÁµ uà 1,24,000 C vµ 40,000 {» ØÖ Pmih 84,000 AøÓP»ß 15,000 öpõò uà 81,350 ÂØ øú 1,97,500 Page 18

19 ÂÁµ ÂÁµ \µus 11,520 ÂØ øúz v 1,360 öpõò uà v 1,000 PhÚõÎPÒ 29,000 PhÜ uõº 30,600 öµõupu øp 1,080 Á[Q 5,260 T¼ 16,960 G ö õ Ò 9,460 EÒyUS T¼ 10,480 \ Í 30,000 ö õxa ö\»äpò 6,000 Põ k 1,200 Gk PnUS 10, i\ º, 2005 AßÖ \µuqß ö õzu v ¹.13,600. Prepare final accounts for the year ended 31 st December, 2005 from the following details. Particulars Particulars Capital 1,24,000 Machinery 40,000 Land and Buildings 84,000 Furniture 15,000 Purchases 81,350 Sales 1,97,500 Stock 11,520 Sales returns 1,360 Purchases returns 1,000 Debtors 29,000 Page 19

20 Particulars Particulars Creditors 30,600 Cash in hand 1,080 Bank 5,260 Wages 16,960 Fuel 9,460 Carriage inwards 10,480 Salaries 30,000 General expenses 6,000 Insurance 1,200 Drawings 10,490 The value of stock on 31 st December 2005 was 13,600. Or (B) v. \µánß Gß Á ß C õ Ä R Ç öpõkup mkòíx i Â õ õµ ØÖ C»õ mhu PnUøP² AßøÓ uv À EÒÍ i C {ø»u SÔ ø ² u õ UPÄ. Â µ ØÖ Â µ ÁµÄ øp öµõup 540 ÂØ øú 98,780 Á[Q öµõup 2,630 öáîv 500 öpõò uà 40,675»uÚ 71,000 EÒv 680 PhÜ uõº 6,300 T¼ 10,480 G ö õ Ò ØÖ ªß\õµ 4,730 Page 20

21 Â µ ØÖ Â µ ÁµÄ ÂØ øú \zu 3,200 öpõò uà \zu 2,040 \µuq ,760 Pmih 30,000 {» 10,000 C vµ 20,000 E 7,500 \ Í 15,000 ö õxa ö\»ä 3,000 Põ k 600 Gk PnUS 5,245 PhÚõÎPÒ 14,500 1,76,580 1,76,580 31, i\ º 2005 AßÖ \µuq ß v ¹.7,000. The following is the Trial balance of Mr. Saravanan on Prepare Trading and Profit and Loss account and the Balance Sheet as on that date. Particulars Debit Particulars Credit Cash in hand 540 Sales 98,780 Cash at bank 2,630 Return Outwards 500 Purchases 40,675 Capital 71,000 Page 21

22 Particulars Debit Particulars Credit Return Inwards 680 Creditors 6,300 Wages 10,480 Fuel and Power 4,730 Carriage on Sales 3,200 Carriage on Purchases 2,040 Stock on ,760 Buildings 30,000 Land 10,000 Machinery 20,000 Patents 7,500 Salaries 15,000 General Expenses 3,000 Insurance 600 Drawings 5,245 Debtors 14,500 1,76,580 1,76,580 The value of stock on 31 st December, 2005 was 7,000. Page 22

SECTION A (10 3 = 30 marks) Answer ALL questions. All questions carry equal marks. ]À»øµ öµõup zup GßÓõÀ GßÚ? õus S õ Ä ØÔ ]Ö SÔ ÁøµP.

OCTOBER 2011 Time : Three hours Maximum : 100 marks SECTION A (10 3 = 30 marks) Answer ALL questions. All questions carry equal marks. 1. (a) Define Accounting. PnUQ À Áøµ Ö. (b) (c) (d) (e) (f) (g) (h)