University Of Pune Question Paper
D.T.L. Examination, 2010
BOOK KEEPING AND ACCOUNTANCY (Paper – V)
(New 2006 Course)
Time : 3 Hours Max. Marks : 100
N.B. : 1) Q. No. 1 is compulsory and carries 20 marks.
2) Answer any five of the remaining which carries 16 marks each.
1. From the following balances of Shri Govind prepare Final Account for the year
ended 31st March 2009.
Trial Balance as on 31st March 2009
Particulars Debit Credit
(Rs.) (Rs.)
Purchases 1,10,000
Land and Building 40,000
Purchase Returns 2,000
Sales Return 3,000
Excise Duty 12,000
Sales 2,10,000
Unproductive wages and Salaries 9,000
Office Expense 2,500
Octroi Duty 2,000
Bad Debts 1,000
Discount 800 500
Capital and Drawings 10,000 1,25,000
Loan 6% (Taken on 1st October 2008) 20,000
Legal expenses 1,000
Sundry Debtors 50,000
Plant and Machinery 47,000
Furniture 20,000
5% Investment in Govt. Securities 12,000
Sundry Suppliers 30,000
Cash 2,000
Acceptance given 16,800
Establishment expenses 4,000
Office equipments 14,000
Copy rights 25,000
Freight outward 5,000
Motor vehicle 20,000
Royalties on sales 14,000
4,04,300 4,04,300
Adjustments :
1) Closing stock at purchase price Rs. 49,000 while selling price Rs. 58,000.
2) Unproductive wages includes Rs. 3,000 paid on installation of new Machine
of Rs. 7,000 which was purchased on 1st April 2008.
3) Depreciate Land and Building at 5% and plant and machinery at 5% while
furniture and motor car at 15% and 20% respectively.
4) His wife works in the business and salary allowed to her of Rs. 2,500 p.a.
This amount has been included in the Drawing Account. 20
2. Suresh, Ramesh and Mahesh were in the partnership Sharing Profits and Losses
th th th
in the Proportion of 2/8 ,3/8 and 3/8 respectively.
Their position on 30th June
2008 was as follows :
Balance Sheet as on 30th June 2008
Liabilities Amt. Assets Amt.
(Rs.) (Rs.)
Creditors 40,000 Cash 22,500
Bank Overdraft 20,000 Bills Receivable 4,500
General Reserve 16,000 Trade Debtors 60,000
Capitals : Stock 35,000
Suresh 20,000 Furniture 2,000
Ramesh 27,000 Buildings 29,000
Mahesh 30,000 77,000
1,53,000 1,53,000
-3- [3841] – 15
On 1st July 2008, they admitted Rajesh into partnership on the following terms :
1) Rajesh to bring in Rs. 30,000 as his capital for
th
4
1 share in the future profits.
2) A Goodwill Account to be raised in the books at Rs. 40,000
3) The value of stock to be reduced by 10%.
4) Building to be appreciated by 15%
5) A provision of Rs. 4,000 to be made for bad debts.
6) There being a claim for damages against the firm, a provision to the extent of
Rs. 1,000 to be made.
7) An item of Rs. 500 due to Mr. X included in the creditors to be written off.
After Rajesh’s admission into the firm, the Goodwill Account to be written off.
Prepare a Profit and Loss Adjustment Account, the Capital Accounts of the
partners and the Balance Sheet of the firms after Rajesh admission. 16
3. Prepare Cash Book with three columns from the following particulars in the
Books of M/s Jala and Sons for the month of September 2009.
2009
September
1 Cash balance Rs. 30,000, Bank Overdraft Rs. 7,000
3 A Bearer cheque received from Gopal of Rs. 300.
4 Above cheque deposited into Bank
6 Above cheque dishonoured
8 Paid to Paresh Rs. 4,000 on account. Half the amount paid in cash while
other half amount paid by cheque.
9 Transferred Rs. 5,000 from Fixed Deposit to Current Bank Account.
12 Our cheque paid to Paresh on 8th September is returned by Bank due to
Overwriting.
18 Goods sold to Mr. Malparis of Rs. 5,000 at 20% trade discount and 10%
cash discount terms. He paid half the amount in cash while other half by
cheque.
25 Three cheques drawn as follows :
a) A cheque of Rs. 5,000 for office use
b) A cheque of Rs. 500 for petty cash expenses
c) A cheque of Rs. 1000 for personal use.
30 All the cash in surplus of Rs. 1,000 is deposited into the bank. 16
4. From the following information prepare a Bank Reconciliation of M/s Ramdas,
Pune.
1) Bank overdraft as per Pass Book on 28th February 2009 amounted to
Rs. 4,670.
2) A cheque of Rs. 3,750 deposited into Bank but were not collected and credited
before 28-2-2009.
3) Cheque issued but not presented for payment before 28-2-2009 amounted to
Rs. 5,290
4) Interest on Bank overdraft Rs. 390 was not entered in the cash book.
5) Bank has collected dividends on shares Rs. 1,500, but it was not recorded in
the Cash Book.
6) Bank charges Rs. 40 were debited in the Pass Book only. 16
5. In 2009, Mr. B found that his books for the year 2008, continued some errors
inspite of an agreed Trial Balance. The errors were :
1) An invoice for Rs. 50 for goods purchased from B was entered in Sales
Return Book. This was debited to the Account of B.
[3841] – 15 -4-
2) Good bought on credit from L for Rs. 150 were entered in the Sales Book as
Rs. 105 L’s Account was credited.
3) Sales Day Book for the month of April 2009 was overcast by Rs. 133.
4) A sale of Rs. 257 to K was entered in Sales Book as Rs. 527 on K was
debited with Rs. 752.
5) Rs. 79 paid for freight on machinery bought was debited to Freight Account
as Rs. 97.
Pass journal entries to rectify the errors using a ‘Suspense Account’ where
necessary. Profit for the year 2009 has already been transferred to B’ Capital
Account. 16
6. Enter the following transaction in a Journal and prepare a Ledger accounts.
2009
March Rs.
Started Business with cash 15,000
3 Cash Deposited into Bank 8,000
5 Purchased a goods for cash 1,800
7 Sold goods for cash 1,100
8 Purchased goods from Mahesh 2,300
10 Sold goods to Mohan 2,400
11 Cash paid to Mahesh 1,900
13 Received from Mohan 1,800
14 Cash withdrawn from the bank for office use 2,800
16 Purchases made by cheque 1,500
17 Paid to Mahesh by cheque 200
20 Cash sales 980
23 Cash purchases 1,300
25 Paid salary 200
29 Paid Office rent in advance 100 16
7. A Company with an authorised Capital Rs. 10,00,000 invited application for
5,000 shares of Rs. 100 each at a premium of Rs. 10. The shares are payable as
follows :
On application Rs. 30 per share
On allotment Rs. 40 per share (including premium)
On first and final call Rs. 40 per share.
Applications were received for the shares issued and allotment was duly made.
All money due were received.
Give Journal entries to record the above transaction and show the company’s
Balance Sheet. 16
8. Write short notes on any two :
a) Principles of Double Entry Book Keeping.
b) Types of Rectification of Errors.
c) Types of discounts. 16
___________________
D.T.L. Examination, 2010
BOOK KEEPING AND ACCOUNTANCY (Paper – V)
(New 2006 Course)
Time : 3 Hours Max. Marks : 100
N.B. : 1) Q. No. 1 is compulsory and carries 20 marks.
2) Answer any five of the remaining which carries 16 marks each.
1. From the following balances of Shri Govind prepare Final Account for the year
ended 31st March 2009.
Trial Balance as on 31st March 2009
Particulars Debit Credit
(Rs.) (Rs.)
Purchases 1,10,000
Land and Building 40,000
Purchase Returns 2,000
Sales Return 3,000
Excise Duty 12,000
Sales 2,10,000
Unproductive wages and Salaries 9,000
Office Expense 2,500
Octroi Duty 2,000
Bad Debts 1,000
Discount 800 500
Capital and Drawings 10,000 1,25,000
Loan 6% (Taken on 1st October 2008) 20,000
Legal expenses 1,000
Sundry Debtors 50,000
Plant and Machinery 47,000
Furniture 20,000
5% Investment in Govt. Securities 12,000
Sundry Suppliers 30,000
Cash 2,000
Acceptance given 16,800
Establishment expenses 4,000
Office equipments 14,000
Copy rights 25,000
Freight outward 5,000
Motor vehicle 20,000
Royalties on sales 14,000
4,04,300 4,04,300
Adjustments :
1) Closing stock at purchase price Rs. 49,000 while selling price Rs. 58,000.
2) Unproductive wages includes Rs. 3,000 paid on installation of new Machine
of Rs. 7,000 which was purchased on 1st April 2008.
3) Depreciate Land and Building at 5% and plant and machinery at 5% while
furniture and motor car at 15% and 20% respectively.
4) His wife works in the business and salary allowed to her of Rs. 2,500 p.a.
This amount has been included in the Drawing Account. 20
2. Suresh, Ramesh and Mahesh were in the partnership Sharing Profits and Losses
th th th
in the Proportion of 2/8 ,3/8 and 3/8 respectively.
Their position on 30th June
2008 was as follows :
Balance Sheet as on 30th June 2008
Liabilities Amt. Assets Amt.
(Rs.) (Rs.)
Creditors 40,000 Cash 22,500
Bank Overdraft 20,000 Bills Receivable 4,500
General Reserve 16,000 Trade Debtors 60,000
Capitals : Stock 35,000
Suresh 20,000 Furniture 2,000
Ramesh 27,000 Buildings 29,000
Mahesh 30,000 77,000
1,53,000 1,53,000
-3- [3841] – 15
On 1st July 2008, they admitted Rajesh into partnership on the following terms :
1) Rajesh to bring in Rs. 30,000 as his capital for
th
4
1 share in the future profits.
2) A Goodwill Account to be raised in the books at Rs. 40,000
3) The value of stock to be reduced by 10%.
4) Building to be appreciated by 15%
5) A provision of Rs. 4,000 to be made for bad debts.
6) There being a claim for damages against the firm, a provision to the extent of
Rs. 1,000 to be made.
7) An item of Rs. 500 due to Mr. X included in the creditors to be written off.
After Rajesh’s admission into the firm, the Goodwill Account to be written off.
Prepare a Profit and Loss Adjustment Account, the Capital Accounts of the
partners and the Balance Sheet of the firms after Rajesh admission. 16
3. Prepare Cash Book with three columns from the following particulars in the
Books of M/s Jala and Sons for the month of September 2009.
2009
September
1 Cash balance Rs. 30,000, Bank Overdraft Rs. 7,000
3 A Bearer cheque received from Gopal of Rs. 300.
4 Above cheque deposited into Bank
6 Above cheque dishonoured
8 Paid to Paresh Rs. 4,000 on account. Half the amount paid in cash while
other half amount paid by cheque.
9 Transferred Rs. 5,000 from Fixed Deposit to Current Bank Account.
12 Our cheque paid to Paresh on 8th September is returned by Bank due to
Overwriting.
18 Goods sold to Mr. Malparis of Rs. 5,000 at 20% trade discount and 10%
cash discount terms. He paid half the amount in cash while other half by
cheque.
25 Three cheques drawn as follows :
a) A cheque of Rs. 5,000 for office use
b) A cheque of Rs. 500 for petty cash expenses
c) A cheque of Rs. 1000 for personal use.
30 All the cash in surplus of Rs. 1,000 is deposited into the bank. 16
4. From the following information prepare a Bank Reconciliation of M/s Ramdas,
Pune.
1) Bank overdraft as per Pass Book on 28th February 2009 amounted to
Rs. 4,670.
2) A cheque of Rs. 3,750 deposited into Bank but were not collected and credited
before 28-2-2009.
3) Cheque issued but not presented for payment before 28-2-2009 amounted to
Rs. 5,290
4) Interest on Bank overdraft Rs. 390 was not entered in the cash book.
5) Bank has collected dividends on shares Rs. 1,500, but it was not recorded in
the Cash Book.
6) Bank charges Rs. 40 were debited in the Pass Book only. 16
5. In 2009, Mr. B found that his books for the year 2008, continued some errors
inspite of an agreed Trial Balance. The errors were :
1) An invoice for Rs. 50 for goods purchased from B was entered in Sales
Return Book. This was debited to the Account of B.
[3841] – 15 -4-
2) Good bought on credit from L for Rs. 150 were entered in the Sales Book as
Rs. 105 L’s Account was credited.
3) Sales Day Book for the month of April 2009 was overcast by Rs. 133.
4) A sale of Rs. 257 to K was entered in Sales Book as Rs. 527 on K was
debited with Rs. 752.
5) Rs. 79 paid for freight on machinery bought was debited to Freight Account
as Rs. 97.
Pass journal entries to rectify the errors using a ‘Suspense Account’ where
necessary. Profit for the year 2009 has already been transferred to B’ Capital
Account. 16
6. Enter the following transaction in a Journal and prepare a Ledger accounts.
2009
March Rs.
Started Business with cash 15,000
3 Cash Deposited into Bank 8,000
5 Purchased a goods for cash 1,800
7 Sold goods for cash 1,100
8 Purchased goods from Mahesh 2,300
10 Sold goods to Mohan 2,400
11 Cash paid to Mahesh 1,900
13 Received from Mohan 1,800
14 Cash withdrawn from the bank for office use 2,800
16 Purchases made by cheque 1,500
17 Paid to Mahesh by cheque 200
20 Cash sales 980
23 Cash purchases 1,300
25 Paid salary 200
29 Paid Office rent in advance 100 16
7. A Company with an authorised Capital Rs. 10,00,000 invited application for
5,000 shares of Rs. 100 each at a premium of Rs. 10. The shares are payable as
follows :
On application Rs. 30 per share
On allotment Rs. 40 per share (including premium)
On first and final call Rs. 40 per share.
Applications were received for the shares issued and allotment was duly made.
All money due were received.
Give Journal entries to record the above transaction and show the company’s
Balance Sheet. 16
8. Write short notes on any two :
a) Principles of Double Entry Book Keeping.
b) Types of Rectification of Errors.
c) Types of discounts. 16
___________________
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