Beruflich Dokumente
Kultur Dokumente
(Two hours)
Answercto thispaper must be written on thepaperprovidedseparately.
Youwit! NoT beallowedto write during thefirst I5 minutes.
This time is to be spentin readingthe questionpaper'
The time given at the headof thispaper is the time allowed
for writing the answers.
beclearlyshown;it shouldbedone
-4llv,orking,includingroughworh must
immediatelybefore/afterthe rest of the answen
so as to
Plcascakonote thatparts of thesamequestionmust be donecontinuously
facil*tate evaluation.
from SectionB'
.4ttemptoll questions
from SectionA and anytwo questions
or parts of questionsare givenin bracltetsI J'
Theintendedmarl<s
for questions
SECTIONA
AttemPtall questions'
Question1
two
(a) This question is to be answeredin a columnar form using
contains
columns.Rewrite column I in the given order. column II
phrasesto
descriptivephrasesfor itemsgiven in column I. Matchthe
Column
suit the itemsin ColumnI by selectingsuitablephrasesfrom
IL Ignorethosethat areextra'
Column1
ColumnII
T 0r 65r
.-tt.ts
e CopyrightReserved
..ei
\,rrL$fftF
Y-
t4l
(b)
t4l
Non-trading institutionsprepare
(ii)
instead of
and
(iii) Pre-paidexpenses
showa
at the
(iv)
so it will be shown
Endowment fund
; it is shown at the
of
Receipt& PaymentA/c.
t4l
Question2
From the following Trial Balanceof Mr. Gomesas on 3l't March 2000,
preparethe Trading Nc., Profit & LossAccountfor the year ending3l't
.:
adjustments:
OpeningInventory
Capital& Drawings
Furniture& Fixtures
Plant& Machinery
Purchase& Sales
Salaries& Wages
Postage& Telegrams
Rates& Taxes
Debtors& Creditors
Loanborrowed
Returns& Adjustments
Discount
Bad Debts& Recoveries
GeneralReserve
Commission
S{.mdrr'expenses
Cnshin hand
Casb'at Bank
Debit
Credit
Rs.
Rs.
20,000
9,000 60,000
10,000
29,000
80,000 1,30,000
22,400
1,900
3,000
20,600 10,000
12,000
5,000
2,000
200
600
800
400
10,000
1,050
100
800
3,000
20,350
2,25,100 2,25,100
-4,,rtnrmmus:
{&} saleries& \[-agespaid werein the ratio of 3 : l. wagesRs.4,000were
not patd
hr
closingsmckqr:otedasRs.35,000
is undervalued
by Rs.4,000.
1cI
Rs-600is tneared
asbaddebt.
r,f t
Deprreciation
is to be calculatedon Furniture& Fixturesby 5yop.a.
.*ndon Plant& Machinery@ I0%p.a.
(0
T 0l 651
Turn Over
. _1fi
SECTION B
AttemPtanYtwo questiottsWhererequired, candidatesare advisedto spreadtheir answersacrossthe two sidesof
the answerboo&etto ensure neatness.
Question3
preparean lncome & ExpenditureAccount and a Balancesheetfor the year
ending 3ltt December1999in respectof "ProspectusIntemational"a social
club, with the detailsand additionalinformationgivenbelow:Receipts& PaYmentsAccount
For the year ended31't l)ecember1999
To Balanceb/d
To Subscription
LastYear
5,000 By Salaries
By GeneralExpense
5,000
CurrentYear 20,500
Next Year 4,000
1,200 By Books
To Saleof Furniture
2,000
14,800 By Miscellaneous
Expense
12,800 By Telephone
By Fumiture
By Balancec/d
3,200
9,000
5,800
12,000
Information:
(a)
(b)
T 01 551
On ltt January 1999 the club owned land and building valued at
Rs.2,00,000,
FurnitureRs.12,000andBooksRs.10,000.
(d)
t20l
Question 4
A, B and C are partners,sharingprofit and lossesin the ratio of their capital
as reflected on l" January, 1999 which is Rs.40,000,Rs.30,000and
Rs.20,000 respectively. The balance of their current accormts were A
Rs.1,500,B Rs.1,800and C Rs.500(Dr.). They areentitledto draw l0% of
their capital during the year. Excess of this amount, if drawn, will be
regardedas advancewithdrawn by the parfiiersand interest@ l2o/op.a. is to
be paid. Interest on capital is to be allowed @ l0% p.a. During the year
1999,their withdrawalswere:A Rs.7,000,B Rs.5,000and C Rs.4,000.The
profit for the year was Rs.80,500.C is to get a commission@ 2% of the
GrossProfit which is Rs.1,76,000.
Draw up a Profit & LossAppropriationAccount and CurrentAccount of the
parhers.
{201
Question5
lWs. New India Ltd. Purchaseda computer for Rs.60,000on ltt January
1995 and spent Rs.40,000 for its installation. An additional computer
costing Rs.50,000was purchasedon I't July 1995. The first computer
becameobsoleteon I't July 1995and was sold off for Rs.40,000.On the
samedayanothercomputerwaspurchased
at thecostof Rs.1,20,000.
Depreciation is to be charged @ l0% p.a. on the written down value
method.On l$ January1998,the companychangedthe methodof providing
depreciation and adopted fixed instalment method keeping the rate of
depreciationsame.
Showthe computeraccountfor the yearendedfrom 1995to 1998.
T 0l 551
1201
Turn Over
Question6
(a) the Bd
Perhis cashbook.
(ii)
(b)
com'
From the following particularssubmittedto you by lws. Lake
Ltd. ComPutethe following:
(i)
OPeratingratio
(ii)
GrossProfit ratio
T 01 651
ll2l
Rs.
Cr.
Rs.
20,000
By Sales 440,000
LessRetum 40,000
2,00,000
1,40,000 By ClosingStock
To Wages
10,000
To GrossProfit
40,000
2,10,000
8,000
By GrossProfit
To SellingExpenses
5,000
By Intereston
Deposit
To Rent
3,000
To Intereston Loan
4,000
40,000
5,000
25,000
45,000
To Provisionfor
Taxation
10,000
2,10,000
To Office Expenses
To Net Profit
45,000
By Net Profit
5,000
To Dividend
10,000
To Net Profit
10,000
25,000
25,000
25,000
t8l
T tt 551
G! ! ! F - "
=(