Other Bachelor Degree-Bachelor of Hotel Management and Catering Tech. 3rd Sem 306 : BASIC ACCOUNTING(University of Pune, Pune-2013)
Total No. of Questions—8] [Total No. of Printed Pages—7
Seat No. [4381]-306
B.H.M.C.T. (Third Semester) EXAMINATION, 2013
306 : BASIC ACCOUNTING
(2008 PATTERN)
Time : Three Hours Maximum Marks : 100
N.B. :— (i) Question No. 1 is compulsory.
(ii) Attempt all questions
(iii) Use of pocket calculator is allowed.
1. From the following Trial Balance of Mrs. Sakshi, prepare a Trading and Profit and Loss Account for the year ending 31st March, 2007 and a Balance Sheet as on that date : [20]
Trial Balance as on 31st March, 2007
Particular Debit Credit
(Rs.) (Rs.)
Capital — 92,000
Drawings 6,000 —
Machinery 30,000 —
Printing charges 1,000 —
Purchases 55,000 —
Sales — 96,000
Salaries 9,300 —
Advertising 2,500 —
Bills Receivable 1,900 —
Bill Payable — 2,800
Telephone charges 2,400 —
Opening stock (1-4-2006) 24,000 —
Bank Loan — 7,300
Rent 3,000 —
Building 35,000 —
Wages 6,500 —
Sundry Debtors 30,000 —
Sundry Creditors — 12,000
Insurance Premium 1,500 —
Furniture 2,000 —
Total 2,10,100 2,10,100
Adjustments :
(1) Closing Stock value at Rs. 28,500 on 31-3-2007.
(2) Salaries outstanding Rs. 700.
(3) Prepaid Insurance premium Rs. 200.
(4) Depreciate machinery by 5% and building by 2%.
2. Write short notes on any two : [10]
(a) Going Concern concept
(b) Bank Reconciliation Statement
(c) Principles of Double entry system.
3. Journalise the following transactions : [10]
2005
June 1 Purchased goods from Harsh Rs. 8,000; less : Trade discount 5%.
4 Paid cash into bank Rs. 6,000.
5 Paid Harsh by cheque Rs. 7,500 in full settlement.
6 Purchased furniture of Rs. 2,000.
12 Purchased a Typewriter for Rs. 2,500.
14 Received commission Rs. 500.
17 Purchased goods for Rs. 1,000 and paid in cash and by cheque equally.
19 Paid for office stationery Rs. 500 and printing charges Rs. 60.
27 Received a cheque from Baban for Rs. 2,980 and he was allowed discount Rs. 20.
30 Paid Salaries Rs. 4,600 by cheque.[4381]-306 4
4. (A) Fill in the blanks : [5]
(i) An entry which appears on both the sides of Cash book is called as ............................. .
(ii) A person whose assets are more than liabilities is known as ............................. .
(iii) Expenses not yet paid are ............................. expenses.
(iv) Journal is the book of ............................. entry.
(v) Debts which are irrecoverable is known as ................... .
(B) Define the following terms : [5]
(i) Capital
(ii) Assets
(iii) Journal
(iv) Narration
(v) Goodwill.
5. Prepare an Analytical Petty Cash Book from the following information : [10]
2008
May 1 Received Rs. 1,500 for Petty Cash.
May 5 Paid Cartage Rs. 10.
May 7 Paid Bus Fare Rs. 5; Telegram charges Rs. 12.
May 8 Paid for Stationery Rs. 8.
May 12 Paid for Printing Rs. 36.
May 15 Paid for Taxi Fare Rs. 75; Coolie Rs. 40.
May 17 Paid for Telegram Rs. 15; Charity Rs. 21.
May 18 Paid for Newspaper Rs. 20.
May 22 Paid for soap Rs. 18; Printing charges Rs. 30.
May 26 Paid for postage Rs. 25.
May 27 Paid for Repairs of Chairs Rs. 20.
May 30 Paid for Refreshment of customer Rs. 60.
6. (a) With the help of examples explain contra entry. [5]
(b) Distinguish between Trade Discount and Cash Discount. [5][4381]-306 6
7. (a) Record the following transactions in the proper subsidiary book : [5]
2012
April 1 Purchased goods worth Rs. 30,000 from Minal at 5% T.D. Invoice No. M-22.
8 Sold goods worth Rs. 21,000 to Raja Invoice No-54.
14 Placed an order to purchase goods worth Rs. 5,000 from Pushpa.
17 Returned defective goods to Minal Rs. 500 (gross).
22 Raja returned defective goods Rs. 750.
(b) From the following prepare a Trial Balance of Sanju Traders as on 31st Dec., 2010 : [5]
Capital 1,00,000 Discount allowed 500
Drawings 7,000 Discount Received 200
Cash 5,000 Creditors 10,000
Bank Overdraft 8,000 Debtors 4,000
Salary 16,000 Building 55,000
Purchases 20,000 Furniture 22,700
Sales 24,000 Opening Stock 11,400
Power and fuel 600
8. Answer the following questions (any two) : [10]
(a) State the procedure of balancing of ledger.
(b) With the help of format, explain special functions book.
(c) Give the rules of Debit and Credit.P.T.O.
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