QP Code : 19UT160AECO1A QP Code : 19UT160AECO1A 2

ÿoˆÁTˆEı YÁPˆy‘] ◊`l˘Á[˝bÔÁ‹ôˆ YÃ[˝›l˘Á From the following trial balance and other
( BDP Term End Examination ) information, prepare the Trading and Profit &
Loss Account of Sri Ashok Gupta for the year
◊Qˆ„a∂ëˆÃ[˝, 2018 C L«X, 2019 ( December-2018 & June-2019 ) ended 31st December, 2018 and the Balance
B◊¨K˜Eı YÁPˆy‘] ( Elective Course ) Sheet as on that date.
[˝Á◊SLÓ ( Commerce ) Trial Balance as on 31st December, 2018
Debit Credit
Y“U] Yy ( 1st Paper ) Name of the Accounts Balance Balance
Accountancy : ECO-1 Rs. Rs.
◊[˝\ˆÁG-Eı ( Group – A ) Stock on 1.1.2018 46,000 —
a]Ã^ f ªV«c˜O H∞RÙOÁ (Time : 2 Hours) Owner's Contributions and
Y…SÔ]ÁX f 50 (Full Marks : 50) Withdrawals 25,000 2,00,000
]Á„XÃ[˝ mÃ[˝”±ºˆ f 70% ( Weightage of Marks : 70% ) Net sold and Bought Accounts 4,45,000 8,00,000
Trade Expenses 20,000 —
Y◊Ã[˝◊]Tˆ C ^UÁ^U =w¯„Ã[˝Ã[˝ LXÓ ◊[˝„`b ]…_Ó ÂVCÃ^Á c˜„[˝* Salary 1,00,000 —
Bad Debts 20,000 —
%£à˘ [˝ÁXÁX, %Y◊Ã[˝¨K˜~TˆÁ A[˝e %Y◊Ã[˝õıÁÃ[˝ c˜ÿôˆÁl˘„Ã[˝Ã[˝ Âl˘‰y X∂ëˆÃ[˝ Direct Wages 55,000 —
ÂEı‰ªRÙO ÂXCÃ^Á c˜„[˝* =YÁ„‹ôˆ Y“‰`¬Ã[˝ ]…_Ó]ÁX a…◊ªJÙTˆ %Á‰ªK˜* Indirect Wages 35,000 —
Calculator [˝Ó[˝c˜ÁÃ[˝ EıÃ[˝Á Â^„Tˆ YÁ„Ã[˝* Prepaid Salary 3,000 —
Special credit will be given for precise and correct Rent 25,000 —
answer. Marks will be deducted for spelling mistakes, Legal Charges (to be adjusted
untidiness and illegible handwriting. The figures in the over 4 years) 14,000 —
margin indicate full marks. Advertisement Expenses 10,000 —
Calculator may be used. Outstanding Direct Wages — 11,000
Discount — 27,000
Part - I Commission 6,000 18,000
Brought and Sold Ledger Account 1,50,000 2,00,000
Â^-ÂEıÁ„XÁ AEı◊ªRÙO Y“‰`¬Ã[˝ =w¯Ã[˝ ◊VX* Sundry Expenses 10,000 —
Answer any one question. 20 × 1 = 20
Machinery 2,50,000 —
1. X›‰ªJÙÃ[˝ ÂVCÃ^Á ÂÃ[˝CÃ^Á◊]_ C %XÓÁXÓ TˆUÓÁ[˝_›Ã[˝ =YÃ[˝ ◊\ˆ◊w¯ Building 1,10,000 —
Audit Fees 12,000 —
Eı„Ã[˝ 31 Â` ◊Qˆ„a∂ëˆÃ[˝, 2018 TˆÁ◊Ã[˝„F Â`b c˜CÃ^Á [˝ªK˜„Ã[˝Ã[˝ Bank Loans — 1,00,000
Carriage for delivery to clients 10,000 —
LXÓ `“› %„`ÁEı m„äÃ[˝ [˝c˜O„Tˆ ÊÆœÙ◊Qˆe ◊c˜aÁ[˝, _Á\ˆ-l˘◊TˆÃ[˝ General Reserve — 30,000
◊c˜aÁ[˝ C Âac˜O TˆÁ◊Ã[˝„FÃ[˝ LXÓ AEı◊ªRÙO =•wÔ¯Yy ÈTˆÃ[˝› EıÃ[˝”X : contd...

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 3 QP Code : 19UT160AECO1A QP Code : 19UT160AECO1A 4

Debit Credit
2. Asha, Usha C Arun AEıªRÙOÁ Â^ÏU =„VÓÁG %ÁÃ[˝ïˆ EıÃ[˝_*
Name of the Accounts Balance Balance
Rs. Rs. TˆÁÃ[˝Á 2 : 2 : 1 %X«YÁ„Tˆ Ac˜O =„VÓÁG ÂU„Eı _Á\ˆ [˝Á l˘◊Tˆ
Bank Overdraft — 2,00,000
Cash in hand 40,000 —
◊X„L„VÃ[˝ ]„W˝Ó \ˆÁG Eı„Ã[˝ ÂX„[˝* X›‰ªJÙ ÂVCÃ^Á Tˆ„UÓÃ[˝
Cash at Bank 60,000 — ◊\ˆ◊w¯„Tˆ Y“„TˆÓ„EıÃ[˝ [˝c˜O„Tˆ ae◊`¿rÙ Â_LÁ„Ã[˝Ã[˝ ◊c˜aÁ[˝m◊_
Bank Interest 10,000 —
ÂVFÁX :
Freight 55,000 — Asha, Usha & Arun started a joint venture to
Stationery 70,000 —
share the profit or loss in the ratio of 2 : 2 : 1.
Fuel 5,000 —
From the following information prepare the
15,86,000 15,86,000
ledger A/cs.
Additional information : Asha Usha Arun
Rs. Rs. Rs.
i) Cost price of the closing stock is Materials
Rs. 75,000, though the present market supplied 1,50,000 80,000 —
price is lowered by Rs. 25,000 Expenses paid 30,000 10,000 20,000
Gross sale
ii) Goods worth Rs. 2,500 were distributed by proceeds — 2,00,000 1,00,000
Unsold stock
Salesman as free samples, but no entry has
taken over — 10,000 5,000
been made for this
EıÁÃ[˝[˝ÁÃ[˝›Ã[˝Á ÂEıÁ„XÁ ÿëˆTˆ‹óˆ ◊c˜aÁ„[˝Ã[˝ [˝c˜O (separate set
iii) Depreciate Machinery @ 15% p.a. &
Building @ 10% p.a. of books) Ã[˝Á„F XÁ*
They do not maintain separate set of books. 20
iv) Provision for doubtful debt to be
maintained at 6% on debtors Part - II
v) Create a provision for discount on debtors Â^-ÂEıÁ„XÁ ªV«◊ªRÙO Y“‰`¬Ã[˝ =w¯Ã[˝ ◊VX*
@ 5% Answer any two questions. 12 × 2 = 24
vi) Creditors include a debt of Rs. 4,000 to 3. 31.3.18 TˆÁ◊Ã[˝„F Â`b c˜CÃ^Á [˝ªK˜„Ã[˝Ã[˝ Howrah Sports
Rajesh who is also included in the list of
Club -Ã[˝ Receipts & Payments A/c X›‰ªJÙ ÂVCÃ^Á c˜_ :
debtors Rs. 6,000. 20

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 QP Code : 19UT160AECO1A QP Code : 19UT160AECO1A 2

The Receipts & Payments A/c of Howrah Sports =Y„Ã[˝Ã[˝ Tˆ„UÓÃ[˝ =YÃ[˝ ◊\ˆ◊w¯ Eı„Ã[˝ 31 Â` ]ÁªJÙ¤, 2018 TˆÁ◊Ã[˝„F
Club is given below :
Receipts and Payments Account
Â`b c˜CÃ^Á [˝ªK˜„Ã[˝Ã[˝ LXÓ AEı◊ªRÙO Income and
for the year ended 31st March, 2018 Expenditure Account C B ◊V„XÃ[˝ AEı◊ªRÙO Balance
2017 Rs. 2018 Rs.
Sheet ÈTˆÃ[˝› EıÃ[˝”X*
April 1 To Balance b/d 2,050 March 31 By Salaries 4,160
2018 By Stationery 800 Prepare an Income and Expenditure Account for
March 31 To Subscription By Rates 1,200 the year ended 31.3.18 and a Balance Sheet as
Rs. By Telephone 200 on that date. 8+4
2016-17 80 By Investment
2017-18 4,220 at 4% stock 2,500 4. The following figures appear in the Books of
2018-19 160 4,460 By Sundry
expenses 1,850
Q & Co. :
By Balance c/d 900
To Profit from 2018 Rs.
sports meeting 3,100 April 1 Provision for Doubtful Debts 1,500
To Dividend on Provision for Discount on 500
investment 2,000 Debtors
11,610 11,610
2019
2018
April 1 To Balance b/d 900
March 31 Bad Debts written off 800
Additional information : Discount allowed 400
Bad Debt Recovered 100
a) Stock of stationery on 31.3.17 was Rs. 100
Debtors 12,150
and on 31.3.2018 Rs. 180
Written off further Rs. 150 from Debtors as bad.
b) There are 450 members each paying an
Create a Provision for Doubtful debts @ 10% and
annual subscription of Rs. 10, Rs. 90 being
Provision for discount on debtors @ 3%.
in arrears for 2016-17
31
Y“„Ã^ÁLX›Ã^ LÁ„[˝VÁ VÁ◊F_Ám◊_ ÂVFÁX A[˝e Â` ]ÁªJÙ¤,
c) On 31.3.18, the rates were prepaid to the
following 30th June, the yearly charge 2019 -AÃ[˝ ◊ÿöˆ◊Tˆ ◊[˝[˝Ã[˝„S ◊[˝◊\ˆ~ ◊[˝bÃ^m◊_ ◊Eı\ˆÁ„[˝ Y“V◊`ÔTˆ
being Rs. 1,200. A quarter's charge for c˜Ã^ TˆÁ ÂVFÁX*
telephone is outstanding, the amount Show the necessary Ledger A/cs and show how
accrued being Rs. 70. Expenses accruing the items will appear in the Balance Sheet as on
on 31.3.17 Rs. 140 31st March, 2019.
d) On 31.3.17 the buildings stood in the books 5. aeÃ[˝l˘S [˝_„Tˆ Eı› Â[˝ÁMıÁÃ^ ? ◊[˝◊\ˆ~ Y“EıÁÃ[˝ aeÃ[˝l˘„SÃ[˝
at Rs. 20,000 and it is required to write off ◊[˝[˝Ã[˝S ◊VX*
depreciation at 5% p.a. Investments at What do you mean by reserve ? Explain different
31.3.17 was Rs. 40,000. types of reserve. 4+8

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Part - III

Â^-ÂEıÁ„XÁ AEı◊ªRÙO Y“‰`¬Ã[˝ =w¯Ã[˝ ◊VX*

Answer any one question. 6×1=6

6. ]L«Tˆ Y„SÓÃ[˝ %Á[˝Tˆ¤„XÃ[˝ =YÃ[˝ ae◊l˘ä ªRÙO›EıÁ ◊_F«X*

Write a short note on Stock Turnover.

7. ◊[˝„`b LÁ„[˝VÁÃ[˝ Ê`“S›◊[˝\ˆÁG EıÃ[˝”X*

Classify the different types of Special Journal.

8. %[˝ªJÙÃ^ ÂEıX W˝Á^Ô EıÃ[˝Á c˜Ã^ ?˝

Why is depreciation charged ?

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