Other Bachelor Degree-Bachelor of Hotel Management and Catering Tech. 4th Sem 406 : HOTEL ACCOUNTING(University of Pune, Pune-2013)
Total No. of Questions—8] [Total No. of Printed Pages—8
Seat No. [4381]-406
B.H.M.C.T. (IV Semester) EXAMINATION, 2013
406 : HOTEL ACCOUNTING
(2008 PATTERN)
Time : Two Hours Maximum Marks : 100
N.B. :— (i) Attempt any four questions.
(ii) All questions carry equal marks.
(iii) Draw diagrams wherever necessary.
(iv) Assume additional suitable data, if necessary.
(v) Figures to the right indicate full marks.
1. An authorised capital of Sanghavi Ltd. consists of 1,00,000 Equity Shares of Rs. 100 each. Out of which company has issued 50,000 Equity shares of Rs. 100 each. Given ahead is a Trial Balance of a company as on 31st March, 2009 :
Trial Balance
Debit Balances Rs. Credit Balances Rs.
Goodwill 5,00,000 Share Capital
Building 30,00,000 30,000 Equity Shares
of Rs. 100 each 30,00,000
Stock 2,70,000
Purchases 6,30,000 Sales 15,00,000
Salaries 1,70,000 P&L Appropriation A/c 7,25,000
Wages 2,25,000 Creditors 1,20,000
Insurance 75,000 Transfer fees 75,000
10% Govt. Bond 7,00,000 Bills Payable 30,000
Debtors 1,40,000 Interest on Investment 35,000
Cash in hand 35,750 General Reserve 65,000
Travelling Expenses 62,250 10% Debentures 10,00,000
Audit fees 35,000 Bank Overdraft 15,000
Furniture 2,00,000
Machinery 3,50,000
Rent 20,000
Interest on Debentures 50,000
Bad Debts 2,000
Printing & Stationery 27,000
Advertisement 53,000
Bills Receivable 20,000
Total Rs. 65,65,000 Total Rs. 65,65,000
Adjustments :
(i) Closing stock was valued at Rs. 3,00,000.
(ii) Depreciate Building @ 2%; Furniture @ 5% and Machinery @ 10%.
(iii) Transfer Rs. 25,000 to General Reserve.
(iv) Accrued interest on investment amounted to Rs. 35,000.
(v) Outstanding salaries Rs. 30,000.
(vi) Provision for Taxation Rs. 50,000.
(vii) Directors proposed 12% dividend on Equity share capital.
Prepare Trading A/c, Profit & Loss A/c, Profit & Loss Appropriation A/c for the year ended 31st March, 2009 and a Balance Sheet as on that date. [20]
2. Write short notes on (any two) : [10]
(a) Types of Preference Shares
(b) Types of Discounts
(c) Need of Working Capital.[4381]-406 4
3. Mr. & Mrs. Chavan arrived along with their adult sister and occupied Room No. 307 in “Hotel Sadanand” on 27th May at
10.30 a.m. on European plan. They desired to check out on 30th May at 4.30 p.m. They incurred the following charges during
their stay.
May 27 Charged items
Tea, Lunch, Telephone Rs. 35, Magazine Rs. 50, Coffee,
Snacks Rs. 150, Soft Drinks Rs. 50, Taxi bill Rs. 270,
Dinner, Deposited Rs. 12,000 in cash.
May 28 Charged items :
E.M.T. two cups, E.M.C. one cup, Breakfast, Medicine
Rs. 80, Newspapers Rs. 10, Local Tour Rs. 2,500, Lunch,
A.N.C., Cigarettes Rs. 60, Laundry Rs. 95, Dinner for
two only.
May 29 Charged items :
E.M.T., Breakfast with one guest, Newspapers Rs. 10,
Soft Drinks Rs. 150, Cinema tickets Rs. 500, Food
Sundries Rs. 155, A.N.C., Telephone Rs. 40, Dinner with
one guest, Deposited Rs. 8,000 in cash
May 30 Charged items :
E.M.T., Breakfast, Railway booking Rs. 1,750, Lunch,
Newspapers Rs. 10, Cigarettes Rs. 70, A.N.C., Taxi
Rs. 150.
Hotel Tariff :
Apartment charges Rs. 3,500, with extra bed Rs. 500 per day.
Tea—Rs. 25 per cup
Coffee—Rs. 35 per cup
Breakfast—Rs. 120 per person
Lunch—Rs. 200 per person
Dinner—Rs. 250 per person
Calculate service charge @ 10% on Apartment, Food and Beverage. Check-in check-out time 12.00 Noon.
Mr. Chavan settled his bill in cash. Prepare Guests’ Weekly Bill. [10]
4. (a) Explain the following terms : [5]
(i) Share Premium
(ii) Current Assets
(iii) Budget
(iv) Allowance
(v) Interim Dividend.
(b) State whether the following statements are True or False : [5]
(i) Working capital is not required for hotel business.
(ii) Equity share capital is a risk capital for a company.
(iii) Cumulative preference shareholders receives arrears of dividend if it is not paid regularly.
(iv) Uniform system of accounting is useful for chain business of hotel.
(v) Granting of allowance means loss of revenue to hotel.
5. (a) Prepare an Income statement of laundry as per U.S.A.L.I. [6]
Particulars Rs.
Revenue 5,70,000
Cost of Guest Laundry 50,000
Cleaning supplies 80,000
Laundry supplies 30,000
Employee benefits 45,000
Cost of concessionaries 55,000
Printing and stationery 25,000
Salaries and wages 95,000
Uniforms 17,000
Cost of house laundry—Rooms Rs. 35,000, Food Rs. 20,000; Other departments Rs. 8,000.
(b) Draw the specimen of (any one) : [4]
(i) Garage and Parking schedule No. 5 as per uniform system.
(ii) Profit and Loss Appropriation A/c.
6. Answer the following questions (any two) : [10]
(a) What are the characteristics of a company ?
(b) What is the difference between Allowances and Discount ?
(c) Explain the key factors in budgeting for hotel business.
7. Prepare a consolidated income statement of Hotel Sainath’ as per U.S.A.L.I. [10]
(a) Total revenue of hotel Rs. 29,40,000 of which Room Sales were Rs. 12,60,000; Food Rs. 11,90,000 and Bar Rs. 4,90,000.
(b) Cost of Sales—Food Rs. 4,76,000; Bar Rs. 1,96,000.
(c) Payroll expenses—Room Rs. 2,77,200; Food Rs. 3,27,600 and Bar Rs. 67,200.
(d) Other departmental expenses—Room Rs.1,38,600; Food Rs. 1,19,000 and Bar Rs. 58,000.
(e) Other undistributed operating expenses—Marketing Rs. 1,34,000; Administration Rs. 1,40,000; Data Processing Rs. 1,85,000;
Insurance Rs. 1,00,000; Depreciation Rs. 1,10,000. Calculate Tax @ 40% of Profit.
8. Answer the following questions (any two) : [10]
(a) State the advantages of V.A.T.
(b) What are the types of discounts ?
(c) What is the difference between Gross Working Capital and Networking Capital ?
Earning: ₹ 8.20/- |