Set B Chaitra 1 Cash in hand Rs. 50,000 and Cash at Bank of Rs.

50,000
Chaitra 8 Purchased goods from Hari Rs 2,000 and paid Rs. 1,000 by cash and Rs 400 by cheque.
Chaitra 17 Received from Saraswati Rs 2,700 and discount allowed her Rs 300.
, set "B" Chaitra 21 Cash deposited into Bank Rs. 4,500
Chaitra 25 Withdrew money from bank for office use Rs. 4,000 and for private purpose Rs. 1,000.
Chaitra 30 Paid Rs 500 in full settlement.
Required: Cash Book With Cash, Bank and Discount Column (6)
12. On comparing the cash book with passbook of Naman it is found that on March 31, 2005, bank
balance of Rs. 40,960 showed by the cash book differs from the bank balance with regard to the
following :
(a) Bank charges Rs 100 on March 31, 2005, are not entered in the cash book.
(b) On March 21, 2005, a debtor paid Rs. 2,000 into the company’s bank in settlement of his
account, but no entry was made in the cash book of the company in respect of this.
(c) Cheques totaling Rs. 12,980 were issued by the company and duly recorded in the cash book
before March 31, 2005, but had not been presented at the bank for payment until after that date.
(d) Rs. 3,520 is entered in the cash book as paid into bank on March 31, 2005, but not credited by
the bank until the following day.
(e) No entry has been made in the cash book to record the dishonor on March 15, 2005 of a cheque
for Rs. 650 received from Bhanu.
Required : Bank reconciliation statement as on March 31, 2005.
13. Following errors were detected before the preparation of Trial Balance:
Full Marks-100 a) Purchase furniture Rs. 15,000 from Hari for cash has been credited to his personal account.
Attempt all questions. b) Sold goods to Aakash for Rs. 10,000 wrongly recorded in purchase books.
1. Mention any three objectives of Book Keeping. (3) c) Life insurance premium paid Rs 7,000 was not recorded.
2. Write in brief about ‘Business entity concept’ (2) Required: Rectification Entries.[ 1+1.5+1.5]
3. Point out any four errors that does not disclosed by Trial Balance. (2) 14. An unadjusted Trial Balance is given below:
4 Write any four examples of capital receipts . (2)
Particulars Debit(Rs) Credit( Rs)
5. Differentiate between Reserve and Provision with three points.(3)
6. Write any three Functions of New Accounting System.(3) Cash 30,000
7. Write short notes on Shyaha and Dhapot (3) Building 50,000
8. Following transactions are given: Purchase 48,000
(a) Commenced business with cash Rs.1,50,000
(b) Purchased goods on credit Rs. 20,000 Debtors 24,000
(c) Paid to creditors in full settlement Rs. 18,000 Wages and salary 26,000
(d) Commission received in advance Rs. 2,000 Audit fees 5,000
Required: Accounting Equation. [2]
9. Following information is provided: Sales 68,000
Dec.07 Purchased goods for cash 10,000 Capital 80,000
Dec.09 Sold goods to Swati 5,000 Creditors 32,000
Dec.12 Purchased furniture 3,000
Dec.18 Cash received from Swati In full settlement 4,000 Bank overdraft 3,000
Required: a)Journal entries.b) Swati account. (2+1) Total 183,000 183,000
10. Following transactions of Dines Furniture, Nuwakot Durbar Additional information:
Chaitra 1,Sold on credit to Rajesh, Bharatpur I) Prepaid wages Rs.1000
10 Tables @Rs 1,000 each II) Appreciation on Building at 10%
20 Chairs @ Rs. 800 each III) Closing stock Rs 2,500
( Discount at 10 % on both sale ) Required: Adjusted Trial Balance [3]
Chaitra 2, Sold old computer on credit for Rs. 40,000. 15. The following is the Trial Balance of a Trading Concern for the year ended 31st December 2007:
Chaitra 20, Sold to Tara Nath ,Kumaripati for Cash Debit Amounts Credit Amounts
2 Desks @Rs. 2,500 each Plant and
1 Filing Cabinet @ Rs.5,000. Machinery 1,30,000 Sales 3,00,000
Chaitra 31, Sold to Sujan, Tamghas
30 Tables @ Rs 750 each Debtors 50,000 Return outwards 2,500
100 Chairs @ Rs. 500 each Interest 2,000 Creditors 2,50,000
Required:i.Sales Book [2] Wages 1,200 Bills payable 70,000
ii. Sales Account [1]
Salary 2,500 Provision for bad debts 1,550
11.Your are given the following cash and banking transactions:
 Carriage inwards 500 Capital 2,20,000 Receipt Amount Payments Amount
Carriage outwards 700 Commission received 16,000 To Balance b/d 5,000 By Audit fees 2,000
Factory rent 1,450 Rent received 10,380 To Entrance Fees 2,000 By Salary 20,000
Insurance 780 To Admission Fees 10,000 By Stationary 1,500
Office rent 2,300 To Subscription 20,000 By Books 4,000
Furniture 22,500 To Donation 1,000 By Balance c/d 10,500
Buildings 2,80,000 Total 38,000 Total 38,000
Bills receivable 3,000 Additional information:
Cash in hand 22,500 • 50 percent of admissione fees is to be capitalized .
• Outstanding expenses: salary Rs.400,
Cash at bank 35,000
• Subscription due for 2065 Rs.2,000
Purchases 2,50,000 • Subscription includes Rs 3000 for 2066
Commission 500 • Closing stock of stationary Rs. 500
Opening stock 60,000 Required: a) Income and Expenditure Account [5]
Bad debts 3,500 b) Balance Sheet as on 31st Chaitra 2065.[5]
19. A Business man who keeps his books of account under single entry system supplied to you the
Total 8,70,430 Total 8,70,430 following. Summary of assets and liabilities for the year ending Chaitra 2062
Adjustment Debtors Rs.30, 000
(i) Provision for bad debts @ 5% and further bad debts Rs. 2,000. Stock Rs.10, 000
(ii) Commission received in advance Rs. 6,000. Creditors Rs. 40,000
(iii) Prepaid insurance Rs. 200. Plant and Machinery Rs. 45,000
(iv) Depreciation on furniture @ 15%, plant and machinery @ 10%, building @ 5%. Cash at Bank Rs. 40,000
v) Closing stock Rs 15,000 Furniture Rs. 20,000
vi) Goods costing Rs. 50,000 were destroyed by fire. Insurance company admitted only 70% of the Loan Rs.10, 000
claim. The capital at the beginning of the business is Rs 1,00,000. His monthly drawing was Rs. 600 for 12
Required: I ) Trading Account [4] months.
II) Profit and Loss Account [6] Additional Information:
III)Balance Sheet [5] 1) Depreciate plant and furniture by 10% each.
16. Kapil Ltd. purchased a machinery on July 01, 2001 for Rs. 3,50,000. It purchased two additional 2) Outstanding interest on loan Rs 500.
machines, on April 01, 2002 costing Rs. 1,50,000 and on October 01, 2003 costing Rs. 1,00,000. Required: a) Closing statement of affairs.[2]
Depreciation is provided @10% p.a. on diminishing line basis. On January 01, 2003, first b) Statement of profit and loss.[2]
machinery become useless due to technical changes. This machinery was sold for Rs.1,00,000. 20. The following transactions of a District Education office of Kathmandu.
prepare machinery account for 3 years on the basis of calendar year. (2+2+4) Chaitra 1, Bank order of Rs. 200,000 and the budget release order of Rs. 250,000 has received.
17. Observe an extract of the trial balance from the books of Trehan Traders on March 31, 2005 is Chaitra 15. Furniture advance of Section Officer Chhetri Rs. 50,000 has been cleared against the bill
given below: of Rs.65, 000.
Sundry Debtors 68,000 Chaitra 30, Issued a cheque of Rs. 48,000 for distribution of salary for the month after deduction Rs.
Provision for doubtful debts (cr) 10,000 12,000 for Provident fund and Rs 6000 for income tax.
Additional Information Required: Journal Voucher [1.5+1.5+2]
• Bad debts proved bad but not recorded amounted to Rs. 8,000 21.Following transactions are given :
• Provision is to be maintained at 10% of debtors. Kartik 1, Balance at Bank 50,000
Required: provision for bad and doubtful debt account [2] Kartik 10, Received budget release and bank order for the actual expenditure of last month Rs.
18. The following is the Balance Sheet of a College as on 31st Chaitra 2064. 200,000
Liabilities Rs Assets Rs Kartik 15, Issued a cheque of Rs. 20,000 for purchase of furniture.
Capital Fund 47,000 Building 33,000 Kartik 30, Issued a cheque of Rs. 24000 for distribution of salary for the month after deduction
Provident fund as per government rule and Rs 3,000 for income tax. The deducted amount were
Outstanding Subscription 3,000 Furniture 6,500 deposited in to concerned office at the same day.
Stationary 500 Required: Post into Bank Cash Book. [5]
Books 3,000 22. The following information are given to you of District Education Office Kathmandu
Subscription due 2,000 Budget heads Annual Expenditure Expenditure
Cash balance 5,000 Budget Rs up to Marga Rs Of Poush Rs
Total 50,000 Total 50,000 Salary 50,000 25,000 7,000
Receipt and payment account Water and electricity 10,000 4,000 1,000
For the year ending 31st Chaitra 2065. Furniture 15,000 3,000
 Rent 5,000 2,500 500
Office equipment 20,000 6,000 2,000
Total 1,00,000 40,500 10,500
Additional information: I) Total imprest fund received Rs 80,000
II ) Petty cash balance 250
III) Unlearned rent advance Rs 2,500
IV) Loan received from District Forest Office Kathmandu Rs 3,000.
Required: Statement of Expenditure Report for the month of Poush. [6]
Best of Luck