University of Mumbai 2008 B.A S.Y.ember - Book-Keeping and Accountancy - Question Paper
kindly obtain the attachment.
Con. 219-08.
N.B. (1) Question No 1 is compulsory. (2) Attempt any other four questions from Question Nos. 2 to 8.(3) Figures to the right indicate marks.
1. Following is the Trial Balance of MISS NEHA as on 31-03-2007.
|
Debt |
Rs. |
Credit |
Rs. |
|
Furniture |
20,000 |
Capita? Account |
1,00,000 |
|
Purchases |
1,50,000 |
Interest Earned | 4,000 |
|
Debtors |
2,00,000 |
Sales |
3,21,000 |
|
Salaries |
30,000 |
Purchase Returns | 5,000 |
|
Wages |
20,000 |
Creditors |
1,20,000 |
|
Rent |
15,000 |
Provision for bad debts | 8.000 |
|
Sales Returns |
10,000 | ||
|
Bad debts written off |
7,000 | ||
|
Drawings |
24,000 | ||
|
Printing and Stationery |
8,000 | ||
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Insurance |
12,000 | ||
|
Opening Stock |
50,000 | ||
|
Office Expenses |
12,000 | ||
|
5,58,000 |
5,58,000 |
Closing stock is valued at Rs. 6,000 Depreciate furniture by 1 0% p.a.
Additional Information :
(a)
(b)
(c)
<d)
(e)
(f)
Provision for bad debt is to be created at 5% on Debtors.
Outstanding salaries Rs. 3,000 and Office expenses Rs. 8,000 Prepaid Insurance is Rs. 2,000.
Stock used for personal use Rs. 6,000.
Prepare Trading and Profit and Loss Account for the year ended 31-03 2007 and Balance Sheet as on that date.
2. Pass Journal Entries to rectify the following errors
20
20
(a) Purchased goods from Mantri, Passed through sales book for Rs. 14,000
(b) Wages paid Rs. 23,000 for installation of new plant was debited to Wages account.
(c) Received one bill from Ajay Rs. 8,000, passed through bills payable book.
(d) A sales returns of Rs. 6,000 from Pawan was entered in the Purchase Day Book.
(e) Rs. 12,500 received from Subhash posted to the Credit of Suresh.
3. Give the Journal entries of the following transactions in the books fo Mr. Avdhoot :
He started business with cash Rs. 50,000, Furniture Rs. 10,000
2008
February
01
04
07
10
15
17
20
23
25
29
and Building Rs. 1,40,000
Purchased goods for cash Rs. 15,000
Paid carriage Rs. 1,000 for above in cash
Sold goods to Mahendra on Credit Rs. 25,000
Paid advertisement of Rs. 3,000 by cash
Deposited Cash into Bank Rs. 40,000
Sold good for cash to Avtar Rs. 6,000.
Purchased computer from HCL on credit Rs. 40,000 Paid Rs. 20,000 to HCL by cheque for above transaction Paid Rent Rs. 2,500 by cheque Mr. Ajit.
4. On 1st October, 2007, Arun owes to Rohini Rs. 12,000 and accepts three bills of Rs. 4,000 20 each due respectively in one, two and three months. The First bil! is retained by Rohini and is duiy met. The Second bill was discounted for Rs. 3,960 and is met in due course. The Third bill was endorsed to Vivek as he is creditors and is also met in due course.
Pass journal entries in the books of Rohini for the above transactions.
20
From the following information, prepare a two column cash book (with Cash and Discount) of Mr. Atharva :
Opening balance of cash Rs. 40,000 Cash purchases for Rs. 15,000
2008
March
01
03
08
12
15
18
21
24
27
31
Paid Rs. 9,600 to Priyanka in settlement of her account for Rs. 10,000
Cash sales amounted to Rs. 25,000
Received from Tejas Rs. 24,000 in full settlement of Rs. 25,000
Purchase a cycle for office use by cash Rs. 3,000
Paid newspaper bill of Rs. 1,400 in cash
Received interest on investment of Rs. 1,500 in cash
Paid Salary to staff of Rs. 12,000 in cash
Cash in excess of Rs. 4,500 was paid into the Bank.
6. M/s Diksha Enterprises purchased a small plant for Rs. 1,00,000 on 1st January, 2005. Additional plant was purchased on 1st July, 2005 for Rs. 70,000.. On 1st July, 2006, the plant purchased on 1st January, 2005 having become obsolete, was sold for Rs. 50,000 on 1st April, 2007 a Fresh Plant was purchased for Rs. 1,50,000 and the plant purchased on 1st July, 2005 was sold at Rs. 65,000 on the same date.
20
Depreciation is to be provided @ 10% p.a. under Fixed Instalment system. M/s Diksha Enterprises close its accounts on 31st December, every year.
Prepare Plant Account for the year, 2005, 2006 and 2007.
20
7. Enter the following transaction in an analytical Petty Cash Book under Imprest system and balance it
Rs.
1,800
250
300
200
100
80
60
70
75
2007
December
01
02
03
04
05
06 08
09
10
Received a cheque towards petty cash
Paid carriage
Paid Taxi fare
Purchased stamps
Paid postage, telegram
Wages paid
Paid for repairs
Subscription for newspaper paid Refreshments to Staff
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Attachment: |
| Earning: Approval pending. |
