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					                                                                       7. Following purchase transactions are given to you:
                                                                          2059 Magh 5: Purchased on credit from B & B Market
                                                                                        15 kgs tea @ Rs. 200 per kg.
             PRE-BOARD EXAM- 2062                                                       50 kgs sugar @ Rs 30 per kg.
                                                                          2059 Magh 10: Purchased from Agrawal traders on cash:
Subject: Account                                    Full Marks: 100
                                                                                        10 kgs tea@ Rs. 190 per kg.
Grade : XI                                          Pass Marks: 40
Set : I                                               Time : 3 hrs
                                                                             2059 Magh 15: Purchased from Suraj and Co.
  1. Give any four objectives of Book-keeping system.              2                      3000 lbs coffee @ Rs. 20 per lb.
                                                                                          100 kgs sugar @ Rs. 29 per kg.
  2. State any two features of Double Entry Book Keeping System.                          (Less: Trade discount @ 10%)
                                                                   2         Required:
  3. What do you mean by “Going Concern Concept”?                  2               i)   Purchase book                                   2
                                                                                   ii) Purchase account                                 1
  4. Mention any two objective of Accounting.                      2   8. What do you mean by an endorsement of a Cheque?               2
                                                                       9. Following cash and banking transactions are given to you:
  5. You are given the following transactions:         0.5+0.5+1=2        2059 Magh 1 : Cash in hand Rs. 475, balance at bank Rs. 4965
           Roshan started business with Rs. 35000.                        2059 Magh 5 : Bought goods and paid by cash Rs. 400 and by
           Goods purchased for Rs. 15000.                                                Cheque Rs. 650.
           Paid rent Rs. 1500 including advance rent Rs. 500.             2059 Magh 10: Paid Archana’s accounts of Rs. 600, less discount
                                                                                          at 2%.
  6. Following transactions are given to you:                             2059 Magh 15: Cash sales Rs. 750.
     2059 Magh 10: Purchased furniture from Koshi Furniture               2059 Magh 20: Deposited in bank Rs. 375.
                    workshop Rs. 20000.                                   2059 Magh 25: Received cash Rs. 1900 from Nanu after deducting
     2059 Magh 15: Goods sold on credit Rs. 5000.                                        discount of Rs. 100.
     2059 Magh 25: Furniture costing Rs. 5000 has been sold for           Required: Cash book with cash, bank and discount column.       5
                    Rs. 5500.
                                                                       10.      Cash Book showed an Overdraft balance of Rs. 5,900 on 30
     2059 Magh 27: Cash received from debtors Rs. 4900 and allowed
                                                                                Magh, 2059.
                    discount Rs. 100.
                                                                                Cheque amounting to Rs. 1,850 were sent to bank for collection
     Required:                                                                  but Cheques of only 1,380 were credited in pass book upto 30
           i. Journalize the transactions.               0.5 X 4 =2             Magh.
           ii. Furniture’s account                                2
      Cheques of Rs. 25,000 were issued, but Cheques of only               16       Write the meaning of capital expenditure and give two examples
      Rs. 18,000 were presented for payment upto 30 Magh.                           of such expenditures.                                      2
      Rs. 150 were debited in pass book for interest on overdraft.
                                                                           17.      The following trail balance and adjustments of a trading concern
      A cheque of Rs. 135 which was debited in the bank column of
      the cash book was not sent to the bank.                                       on Chaitra 31, 2058 were given to you:
                                                                                    Dr.                                                          Cr.
                                                                                     Particulars             Dr.               Particulars      Cr.
      Required: Bank Reconciliation Statement.                       5               Opening stock                 15000    Capital             50000
11.   A company purchased a plant for Rs. 1,20,000 on January 1,                     Discount                       1000    Creditors            4000
      1995, Another plant purchased on January 1, 1996 for                           Audit Fees                     2500    Bills payable        1000
      Rs. 1,00,000. Depreciation is charges @ 10% on diminishing                     General expenses               4000    General reserves     1000
      method. On January 1, 1997, company sold the plant at                          Purchases                     48000    10% loan            10000
      Rs. 91,000 which was purchased on Jan, 1995. On the same                       Building                      10000    Provision for        1000
      date, new plant costing Rs. 80,000 was purchased. The accounts                                                        bad debts
      were closed on 31st December.                                                  Machinery                    15,000    Discount             1,000
                                                                                                                            received
      Required: Write up plant account from 1995 to 1997.        8
                                                                                      Book debts                  16,000    Sales               77,000
12.   Following information are given to you:                                         Cash at bank                 6,000
      Closing balance of debtors Rs. 32000.                                           Investments                 10,000
      Bad debts written off during the year Rs. 800.                                  Bill Receivables             3,000
      Opening provision of bad debts Rs. 1200.                                        Wages and salary            13,000
      The provision of bad debts has been maintained at 5% of the                     Prepaid insurance            1,000
      debtors.                                                                        Interest on loan               500
      Required: Provision for doubtful debts.                 4                      (For 6 months)
13.   Give any three objectives of a Trial Balance.           3                                                  1,45,000                      1,45,000

14.   A company follows a straight line depreciation policy for its       Additional information:
      fixed assets to a zero book value. It purchased a machine on Jan                Closing stocks were valued at Rs. 26,000.
      1, 1991 at a cost of Rs. 60000. At that time the life of machine                General expenses to be paid Rs. 500.
      was estimated to be five years. On September 30, 1993 the                       Outstanding interest on loan for 6 months.
      company sold the machine for Rs. 25000 and purchased a new                      Depreciate machinery by 10%.
      machine for Rs. 60000 with five years of life. The financial year               Insurance expired to the extent of Rs. 8,000.
      of the company ends at December 31.
      Required:                                                                  Required:
      Machinery account for the first three years.                  8               1. Trading account                                             4
15.   Write the meaning of revenue concept with two suitable                        2. Profit and Loss account                                     5
      examples.                                          2                          3. Balance Sheet                                               6
                                                                         19.   Madan started a business with Rs. 40,400 and building
18.                               Balance Sheet                                Rs. 50,000 on January 1st, 2002. His position on December
                              as on 30 Chaitra, 2057.                          31.2002 is as follows:
                                                                                      Bills payable          30000           Debtors        25000
             Liabilities           Rs.         Assets           Rs.                   Plant                  40000           Bank loan      12000
        Capital Fund              40,600 Building               30,000                Creditors              10000           Furniture      25000
        Outstanding                      Subscription due         1700                Bank balance           22500           Investments    32500
        expenses:                        Cash balance           10,300
                 Repairs             500                                       He drew Rs. 49200 during the year. He introduced further capital
                 Salary              900                                       Rs. 28800 in the middle of the year.
                                                                               Additional information:
                                  42,000                        42,000         Depreciate furniture by 5% and building 10%.
                                                                               Required:
                    Receipts and payment Account                                  a. Closing statement of affairs.                              2
                            As on 30, Chaitra,2057                                b. Statement of profit and loss a/c.                          2
                                                                         20.   Following particulars are extracted from the records of a club   3
               Receipts           Amount       Payment         Amount                                                             Rs.
        To Balance b/d             10,300 By Tournament exp.    16,000         Subscriptions received in current year             17,000
        To Tournament receipts     15,500 By Salary              6,900         Subscriptions received in advance for next year    750
        To Entrance fees            5,600 By Repairs             2,500         Subscriptions outstanding of previous year         800
                                                                               Subscriptions received in advance in previous year 600
        To Subscription:                  By Investments        20,000
                                                                               Outstanding subscriptions for current year         2,000
           2057:          1,500           By Balance c/d         8,000
           2058:         20,000                                          21.   Following information are given to you:-
           2059:           500     22,000                                                       Items                  Amount
                                   53,400                       53,400          Gross Profit b/d (Credit balance)        85,000
                                                                                Plant and machinery                      80,000
      Adjustments:                                                              Furniture                                40,000
      a. Expenses unpaid: Repairs Rs. 50, Salary Rs. 150                        Sundry Debtors                           80,000
      b. Subscription due for 2058 Rs. 600.                                     Office salaries                          25,000
                                                                                Bad Debts                                   500
                                                                                General Expenses                          1,500
      Required:
                                                                                Insurance Premium                         2,000
      i.    Income and expenditure Account.                        5
                                                                                Office Rent                              20,000
      ii.   Balance Sheet as on 30 Chaitra, 2058.                  5
                                                                                Reserve for Bad debts (cr.)               2,000
                                                                                Discount & Commission received            3,000
      Additional information:
       a.   Plant & Machinery and furniture are to be depreciated by 10%
            each.
       b.   Reserve for doubtful debts is to be maintained at 5%
       c.   Office salary to be paid Rs.5,000.
       Required: Profit & Loss A/c                                    6
22.    Following information are given to you:-                       5
                      Items                  Amount
        Net Profit                              20,000
        Plant and machinery                     80,000
        Furniture                               40,000
        Sundry Debtors                          80,000
        Cash at Bank                            26,000
        Drawing                                 15,000
        Capital                               1,50,000
        Bank Loan                               50,000
        Sundry Creditors                        40,000

      Additional information:
       a.   Plant & Machinery and furniture are to be depreciated by 10%
            each.
       b.   Reserve for doubtful debts is to be maintained at 5%
       c.   Office salary to be paid Rs.5,000.
       d.   Closing stocks was valued at Rs.40,000.
23.    Journalizes following transaction:                      1.5 x 2 = 3
       i.    Goods of Rs. 10,000 destroyed by fire but insurance company
             admitted only Rs. 6,000.
       ii.   Mr. A is a debtor of Rs. 5000 become insolvent and 60% of his
             due received from him.
                                                                                        a. Sold to Mr. Yadav
                                                                                           400 water pumps @ Rs. 500
                                                                                        b. Sold to Karmacharya
                                                                                           20 mopeds @ Rs. 20000

             PRE-BOARD EXAM- 2062
                                                                                        c. Sold to Karki
                                                                                           4 Kerosene Generators @ Rs. 40000
Subject: Account                                     Full Marks: 100
Grade : XI                                           Pass Marks: 40                  Required: i)    Sales Book                                    2
Set : II                                               Time : 3 hrs                            ii)   Sales A/c                                     1
                                                                                 8. Enter the following transactiosn into Cash Book with Bank and
  1. Give the meaning of Book-keeping in your own words.                 2
                                                                                    Discount columns.                                       1X5=5
                                                                             [2]
                                                                                    1 Baishak     Bank balance b/fd Rs. 40,000
  2. Briefly explain meaning of accounting.                           2
                                                                                    4 Baishak     Drawn for office use Rs. 5,000
                                                                                    6 Baishak     Sharma paid Rs. 4500 in settlement of his debt of
  3. Explain in short any two features of Double Entry System of
                                                                                                  Rs. 5000
     Book- keeping.                                                  2
                                                                                    10 Baishak    Purchased goods for cash and paid by Cheque
                                                                                                  Rs. 10000
  4. Express the following transactions in accounting equation:      2
                                                                                    10 Baishak    Deposited into bank Rs. 3000
     a. Capital introduced            Rs. 40000
                                                                                    15 Baishak    Sold goods for cash Rs. 6000
     b. Assets purchased on credit    Rs. 10000
     c. Cash purchases made           Rs. 15000
  5. Journalize the following transactions of a business:            2           9. What do you mean by crossing of Cheque? Give an example of
     a. Purchased goods for cash Rs. 10000                                          simple crossing.                                           2
     b. Cash sales                Rs. 8000
     c. Cash deposited into bank Rs. 6000
     d. Purchased furniture from Hari    Rs. 10000                               10. From the transactions given below, prepare a Bank
                                                                                     Reconciliation Statement                                 1X5=5
  6. Mr. Shrestha’s business transactions revealed the following:                       a. Overdraft Bank balance on 31st Chaitra as per cash book Rs.
     a. Jestha 4: Sold goods to Mr. Pradhan      Rs. 30000                                 15000
     b. Jestha 10: Cash paid by Mr. Pradhan      Rs. 10000
     c. Jestha 10: Discount allowed to Mr. Pradhan      Rs. 1000                        b. Cheque issue but not yet presented for payment Rs.8000
     d. Jestha 15: Returns from Mr. Pradhan             Rs. 3000                        c. Cheque deposited but not yet credited by bank Rs. 10000
     Required:                                                                          d. Bank charges directly deposited into bank Rs. 500
     Mr. Pradhan’s account in the book of Mr. Shrestha.          2                      e. A customer directly deposited into bank Rs. 5000
                                                                                        f. Electricity bills paid by bank Rs. 2000
  7. Transactions relating to credit sales are:
                                                                                 11.    Following purchase transactions are given to you:
       2059 Magh 5:       Purchased on credit from A & A Market                   Depreciation is charges @ 10% on diminishing method. On
                          15 kgs tea @ Rs. 200 per kg.                            January 1, 1997, company sold the plant at Rs. 91,000 which was
                          50 kgs sugar @ Rs 30 per kg.                            purchased on Jan, 1995. On the same date, new plant costing Rs.
                                                                                  80,000 was purchased. The accounts were closed on 31st
       2059 Magh 10:      Purchased from Ananda traders on cash:
                                                                                  December.
                          10 kgs tea @ Rs. 190 per kg.
                                                                                  Required: Write up plant account from 1995 to 1997.          8
       2059 Magh 15:      Purchased from Surya and Co.
                          3000l bs coffee @ Rs. 20 per lb.
                                                                            17. A trader started a business with Rs. 50000 cash and stock in
                          100 kgs sugar @ Rs. 29 per kg.
                                                                                trade of Rs. 30000                                  2+2=4
                          (Less: Trade discount @ 10%)                          His position at the end of the year revealed:
       Required:                                                                Stock at the end Rs. 20000
          i)   Purchase book                                         2          Sundry debtors Rs. 50000
          ii) Purchase account                                       1          Sundry creditors Rs. 10000
12. Write the meaning of capital expenditure giving at least two                Machinery less depreciation Rs. 30000
    examples.                                                2                  Cash at bank Rs. 20000
13. Give any four examples of revenue receipts.              2                  Required: Statement of Profit and Loss
14. From the following information prepare Provision for Doubtful           18.   Following is the Trial balance of trading Concern on year
    debts:                                                  4                     ending, Chaitra 31, 2055.
       a. Debtors at the end of the year Rs. 50000                                               Particulars              Dr.        Cr.
       b. Beginning balance of Reserve for doubtful debts b/fd                     Furniture                               22,000
           Rs. 2000                                                                Creditors                                          40,000
       c. Bad debts written off for the year Rs. 1000.                             Debtors                                 90,000
       d. Maintain reserve for doubtful debs at 5% of the debtors                  Purchases                             3,20,000
           Rs. 1000                                                                Sales                                            4,15,000
15.   A company follows a straight line depreciation policy for its fixed          Opening stock                           50,000
      assets to a zero book value. It purchased a machine on Jan 1, 1991           Rent, rates and taxes                    5,000
      at a cost of Rs. 60000. At that time the life of machine was                 Cash at bank                            17,000
      estimated to be five years. On September 30, 1993 the company                Cash in hand                            12,000
      sold the machine for Rs. 25000 and purchased a new machine for               Advertisement                            2,100
      Rs. 60000 with five years of life. The financial year of the                 Capital                                          2,88,000
      company ends at December 31.                                                 Drawings                                 3,400
      Required: Machinery account for the first three years.           8           Salaries                                32,000
                                                                                   Postage and communication               11,500
                                                                                   Printing and stationeries                3,000
16.   A company purchased a plant for Rs. 1,20,000 on January 1, 1995,             Carriage inwards                        10,000
      Another plant purchased on January 1, 1996 for Rs. 1,00,000.
       Prepaid insurance                            9,000                                      for the year ending Chaitra 31, 2055
       Discount allowed                             4,000                                Receipts            Rs.          Payments                Rs.
       Vehicles                                    48,000                           To balance b/d           6,000 By wages & salaries            2,300
       Bad debts                                    2,000                           To subscription         10,500 By interest on loan              500
       Patents                                     10,000                           To legacies              4,200 By general expenses            4,700
       Carriage on sales                           22,000                           To rent                  1,000 By loan paid                   5,000
       Wages                                       21,000                                                           By balance c/d                9,200
       Commission to salesman                      35,000                                                  21,700                                21,700
       General expenses                            10,000
       Patents written off                          4,000                       Additional information:
                                                 7,43,000     7,43,000          Outstanding on Chaitra 31, 2055:-
                                                                                       Salaries                   Rs. 200
      Adjustments:                                                                     Subscription for 2055      Rs. 500
      a.  Provide depreciation on furniture @ 15% and vehicles by                      Audit fees                 Rs. 700
          20%.                                                                         Depreciate premises by 5%
      b.  Closing stock at the end of the year was valued at Rs. 35000.
      c.  Prepaid insurance has been expired to the extent of Rs. 7500.         Required:      Income and expenditure account as on Chaitra 31,
      d.  Outstanding general expenses amounted to Rs. 2000.                                   2055.                                        5
                                                                                               Balance Sheet as on Chaitra 31, 2055.        5
      Required:
          Trading account                                           3     20.   Following particulars are extracted from the records of a club       3
          Profit and Loss account                                  8                                                                   Rs.
          Balance Sheet                                            4            Subscriptions received in current year             17,000
                                                                                Subscriptions received in advance for next year       750
19.    Welfare Club provides you with the Receipts and Payments                 Subscriptions outstanding of previous year            800
       account for the year ending 2055 and the ending Balance                  Subscriptions received in advance in previous year    600
       Sheet for 2054.                                                          Outstanding subscriptions for current year         2,000
                            Balance Sheet
                 for the year ending Chaitra 31, 2054.
            Liabilities           Rs.            Assets   Rs.
        Capital fund                 5000 Premises        20000
        Loan                       21,000 Bank             6000
                                 26,000                   26000



                     Receipts and Payments account
                                                                          21.   Following information are given to you:-
                        Items                  Amount                            b.    Reserve for doubtful debts is to be maintained at 5%
        Gross Profit b/d (Credit balance)        85,000                          c.    Office salary to be paid           Rs.5,000.
        Plant and machinery                      80,000                          d.    Closing stocks was valued at       Rs.40,000.
        Furniture                                40,000
        Sundry Debtors                           80,000                    23.   Journalizes following transaction:                       1.5 x 2 = 3
        Office salaries                          25,000
        Bad Debts                                   500                          i.    Goods of Rs. 10,000 destroyed by fire but insurance company
        General Expenses                          1,500                                admitted
                                                                                       only Rs. 6,000.
        Insurance Premium                         2,000
                                                                                 ii.   Mr. A is a debtor of Rs. 5000 become insolvent and 60% of his
        Office Rent                              20,000
                                                                                       due received from him.
        Reserve for Bad debts (cr.)               2,000
        Discount & Commission received            3,000
       Additional information:
       a.   Plant & Machinery and furniture are to be depreciated by 10%
            each.
       b.   Reserve for doubtful debts is to be maintained at 5%
       c.   Office salary to be paid Rs.5,000.
       Required: Profit & Loss A/c                                  6
22.    Following information are given to you:-                    5
                     Items                  Amount
        Net Profit                             20,000
        Plant and machinery                    80,000
        Furniture                              40,000
        Sundry Debtors                         80,000
        Cash at Bank                           26,000
        Drawing                                15,000
        Capital                              1,50,000
        Bank Loan                              50,000
        Sundry Creditors                       40,000




      Additional information:
       a.   Plant & Machinery and furniture are to be depreciated by 10%
            each.

				
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