B.Sc-B.Sc.(Hospitality Studies) 5th Sem HOTEL ACCOUNTING(University of Pune, Pune-2013)
Total No. of Questions : 8] [Total No. of Printed Pages : 5
[4383]-504
B. Sc. (Hospitality Studies) (Semester - V) Examination - 2013
HOTEL ACCOUNTING
(New 2008 Pattern)
Time : 3 Hours] [Max. Marks : 70
Instructions :
(1) Attempt any six questions including Q. No. 1 which is compulsory.
(2) Figures to the right indicate full marks.
(3) Use of pocket calculator is allowed.
Q.1) M/s. Sonal Industries Ltd. was registered with an authorized share capital of 50,000 equity share of Rs. 10 each. The following trial balance as on 31st March, 2012 was extracted from their books of accounts :
Trail Balance as on 31st March, 2012
Debit Balance Rs. Credit Balance Rs.
Opening Stock 2,86,000 Share Capital (Rs. 10 each) 4,00,000
Wages 1,10,000 Sales 12,00,100
Power and Fuel 19,000 Loan from Bank 60,000
Purchases 9,22,000 Creditors 82,220
Repairs 8,700 Profit and Loss A/c. 98,200
Debtors 1,64,440 Commission 12,000
Carriage Outward 4,800 Transfer Fees 15,480
Carriage Inward 8,600 10% Debentures 1,00,000
Interim Dividend 20,000 General Reserve 50,000
Interest on Bank Loan 1,500 Return Outward 12,000
Cash at Bank 84,750
Debit Balance Rs. Credit Balance Rs.
Leasehold Premises 1,00,000
Plant and Machinery 85,000
Loose Tools 12,500
Calls in Arrears 10,000
Rent 4,000
Directors Fees 13,000
Salaries 14,500
Furniture 55,000
Commission 4,050
Return Inward 8,300
Preliminary
Expenses 6,000
Goodwill 75,000
Cash in Hand 12,860
Total 20,30,000 Total 20,30,000
Additional Information :
(1) Write off 1/3rd of Preliminary Expenses.
(2) Depreciate Machinery by 10% and Furniture by 5%.
(3) Closing Stock was valued at Rs. 1,95,000.
(4) Provision on Taxation was made at Rs. 15,000.
(5) Directors proposed the following appropriations :
(i) Transfer Rs. 18,000 to general reserve
(ii) 10% Dividend to Equity Share-holders
(6) Outstnding Salaries were Rs. 500.
Prepare Trading Account, Profit and Loss Account, Profit and Loss Appropriation Account and Balance Sheet as on that date as per the Companies Act., 1956 after taking into consideration the above adjustments. [20]
Q.2) Write short notes : (Any Two) [10]
(a) Types of Working Capital
(b) Types of Discount
(c) Limitations of Budget
Q.3) From the information prepare Visitors Tabular Ledger : [10]
Room Charges for Rs. 4,000 per person per day.
Service Charge @ 10% applicable on Room and Food
Check Out time is 12 noon.
10 October, 2012 - Balance brought forward from previous day are as follows :
Room No. Name of Guest Time of Arrival Plan Bal. B/D
3001 Miss Anita 9.30 a.m. EP 2,000 Dr.
3005 Mr. Prashant 6.30 p.m. EP 2,500 Cr.
3007 Mr. and Mrs.Phadtare 3.00 p.m. EP 1,270 Dr.
Mr. Prashant of Room No. 3005 had EMT, Breakfast, Laundry Rs. 250, Lunch with one guest and ANT checked out at 4.30 p.m.
by paying cash and was allowed 2% cash discount.
Mr. Vinayak arrived and occupied Room No 3002 at 7.30 a.m. and paid advance Rs. 10,000, had Breakfast, EMC, Lunch, Beer Rs. 550; Flowers Rs. 300; Cigarettes Rs. 80 and Dinner with one guest.
Mrs. Jyoti checked in at 11.00 a.m. with her son and paid Rs. 15,000; Snacks Rs. 220; Telephone Call Rs. 25, Cinema Ticket Rs. 650;
Newspaper Rs. 15; had dinner and one cup coffee.
Mr. and Mrs. Phadtare checked out at 12.00 noon without paying the bill with the understanding that bill will be paid within a week.
Mr. and Mrs. Kulkarni checked in at 1.30 p.m. in Room No. 3007 Front Office paid their Taxi Bill Rs. 250, Lunch, Beer Rs. 400, ANT
one cup; Laundry Rs. 150, Dinner with one guest and paid advance Rs. 10,000.
Q.4) Distinguish between : (Any Two) [10]
(a) Equity Shares and Preference Shares
(b) Interim Dividend and Final Dividend
(c) Allowance and VPO
Q.5) From the following prepare Income Statement of Hotel Red Apple for the month of March, 2009 in accordance with the uniform system of account used in hotels :
Particulars Amt. Rs.
Value of Food Stock on 1-3-09 38,600
Salaries and Wages 2,98,800
Purchase of Beverage 5,21,600
Food Sales 14,92,000
Printing and Stationery 16,450
Employee Welfare Expenses 18,300
Stock of Beverage on 31-3-09 49,800
Staff Allowance 5,250
Shop Rental Received 63,750
Staff Meals 16,100
Guest Drink Complimentary (Bar) 6,200
Staff Uniform 8,800
Rates and Taxes 16,400
Repairs and Maintenance 8,500
Value of Beverage Stock on 1-3-09 79,000
Depreciation 9,000
Purchase of Food 3,70,500
Beverage Sales 10,35,000
Postage and Telegram 6,100
Stock of Food on 31-3-09 64,750
Particulars Amt. Rs.
Music and Entertainment 11,900
Advertisement and Marketing 9,000
License Fees 15,000
Guest Food Complimentary 6,800
Staff Bonus 21,900
Gas and Electricity 12,000
Other Supplies and Expenses 13,500
Interest on Deposit 25,500
Income Tax 31,500
Q.6) (A) What is VAT ? Give the advantages. [05]
(B) Define Joint Stock Company and give its advantages. [05]
Q.7) (A) From the following information prepare departmental Income
Statement of Room :
Items Rs. Items Rs.
Rooms Sales 11,00,000 Wages and Salaries 1,85,000
Payroll Expenses 1,25,000 Employee Benefits 30,000
Guest Transportation 18,000 Laundry 22,500
Allowances 15,000 Staff Uniform 27,150
Training 32,000 Other Expenses 5,550
Shop Rental 40,000
(B) Draw specimens for the following : (Any Two) [04]
(a) Schedule of Gift Shop
(b) VPO Voucher
(c) Guest Weekly Bill
Q.8) Answer any two of the following : [10]
(a) Define Budget. Give its advantages.
(b) Explain the different types of Debentures.
(c) Distinguish between Guest Weekly Bill and Visitors Tabular.
Ledger.
| Earning: ₹ 7.50/- |
