2010 Question Paper,BOOK KEEPING AND ACCOUNTANCY (Paper – I),University Of Pune Question Paper,D.T.L.

University Of Pune Question Paper
D.T.L. Examination, 2010
BOOK KEEPING AND ACCOUNTANCY (Paper – I)
(Old) (2005-Course)
Time : 3 Hours Max. Marks : 100
 N.B. : 1) Q. No. 1 is compulsory and solve any five of the
remaining.
2) Figures to the right indicate full marks.
1. After considering the under mentioned information, prepare a Trading and Profit
and Loss Account for the year ended 31st March 2007 and a Balance Sheet as on
that date from the Trial Balance of a manufacturer.
Trial Balance
Dr. (Rs.) Cr. (Rs.)
Capital account 2,03,000
Drawing Account 15,000
Free hold Land and Premises 90,000
Plant and Machinery 40,000
Loose Tools 3,000
Bills Receivable 3,000
Stock 45,000
Purchases 51,000
Wages 20,000
Carriage 1,500
Salaries 5,000
Rent, Rates and Taxes 2,800
Discount and allowances 1,500
Bills payable – 3,800
National Bank 20,000
Cash in hand 400
Sundry Debtors 45,000 –
Sundry Creditors 40,000
Repairs and Replacement 1,800
Purchase Return 2,650
Extension of Premises 7,500
Bad debts 1,200
Advertisements 500
Goods sold 1,15,000
Sales Return 2,000
Gas and water 800
Furniture and Fixtures 1,200
General Expenses 800
Printing and stationary 450
Income Tax 5,000
3,64,450 3,64,450
Write off depreciation on Plant and Machinery at 5%, Loose tools at 15% and
Furniture at 5%. The stock on hand on 31st March 2007 amounted to Rs. 60,000.
Provide
2
1 2 % for discount on sundry debtors and 5% for doubtful debts.
Rs. 1,500 were due for wages and Rs. 450 for salaries for the month of March 2007.
The Last bill of Rs. 400 for taxes was for the half year ending 30th June 2007. 20
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2. Record the following transactions in the journal of Shri Kiran.
February, 2009
1. Commenced business with cash Rs. 5,000 and furniture Rs. 3,000.
3. Bought goods on credit from Deepak Rs. 5,250.
4. Sold goods for cash Rs. 1,250.
5. Paid into Bank Rs. 2,000.
7. Purchased furniture and payment by cheque Rs. 700.
9. Sold goods to Anand Rs. 920.
14. Sold goods for cash Rs. 1,590.
16. Paid to Deepak Rs. 1,000 on account.
19. Paid for Life Insurance premiums Rs. 280.
21. Paid to Ramanand for commission Rs. 150.
23. Received from Anand Rs. 900 in full settlement of his account.
25. Purchased shares of Tata Co. Rs. 500 and paid for it by cheque.
27. Paid Telephone charges Rs. 320.
28. Paid to Deepak Rs. 4,200 in full settlement of his account. 16
3. From the following transactions of Sudhir, prepare cash book with cash and
discount column and balance the cash book.
May, 2009
1. Cash balance in hand Rs. 1,500.
3. Received for cash sales Rs. 1,280.
5. Received from Mr. Anil Rs. 2,140 and allowed him discount Rs. 60.
7. Paid to Mr. Summer Rs. 680 in full settlement of his account of Rs. 700.
10. Purchased goods for cash Rs. 1,000 less 20% trade discount and 5%
cash discount.
14. Sold goods for Rs. 3,000 at 10% trade discount for cash to Mr. Anil.
15. Mr. Amir settled his account of Rs. 900 by paying Rs. 880.
17. Paid cash to Mihir Rs. 1,500 less discount 2%.
18. Deposited into Bank Rs. 2,000.
20. Received cash from Timir Rs. 2,000 off 3%.
22. Paid Residential rent of Mr. Sunil Rs. 600.
24. Remitted to Mr. Kunal Rs. 270 and he allowed discount Rs. 30.
26. Received dividend on shares Rs. 450.
28. Paid office rent Rs. 300 and paid for office stationery Rs. 70.
31. Paid salaries Rs. 400.
31. Cash stolen Rs. 340. 16
[3841] – 1 -4- 
4. Rectify the following mistakes committed by an inexperienced clerk Mr. Average.
1) A purchase of Rs. 1,000 from Mr. Dilip, instead of being credited to him from
purchase book has been wrongly debited to his account with the same amount.
2) A payment of Rs. 1,000 made to Mr. Swarup for cash purchase of goods
from him, stands debited to his account.
3) Total of purchase book is taken more by Rs. 100.
4) Goods sold to Mr. Yogesh, of Rs. 400 has been entered in the purchase day
book and posted accordingly.
5) Commission received Rs. 200 has been posted to the debit of Commission A/c.
6) A sales of Rs. 720 was entered in the Sales Book as Rs. 270 and posted
accordingly to the Customers A/c. 16
5. X and Y are partners sharing profit and losses in the ratio of 3 : 2. They admit Z
into partnership for 4
1 share in profits. Calculate the new ratio. 16
6. Gopal bought machinery worth Rs. 60,000. It is decided that depreciation should
be charged at fixed rate of 5% on original cost. Show Machinery Account as it
would appear for first four years.
Also prepare Machinery Account assuming that depriciation is charged at 10%
on reducing balance method. 16
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7. Ascertain the value of goodwill of P.Co. Ltd. carrying on business as retail traders
from the following information.
Balance Sheet as on 31st Dec. 1978
Rs. Rs.
Paid up Capital : Goodwill at cost 25,000
2500 shares of Rs. 100 each 2,50,000 Land and building at cost 1,10,000
Profit and Loss A/c 56,650 Plant and Machinery –
Bank overdraft 58,350 at cost less depreciation 1,00,000
Sundry creditors 90,500 Stock at cost 1,50,000
Provision for Taxation 19,500 Book Debts less provision
for doubtful debts 90,000
4,75,000 4,75,000
The company commenced operating in 1974 with a paid up capital as aforesaid
of Rs. 2,50,000. The profit earned, before providing for taxation, have been as
follows :
 Rs.
1974 – 61,000
1975 – 64,000
1976 – 71,500
1977 – 78,000
1978 – 85,000
You may assume that income tax at the rate of 50% has been payable on these
profits. The average dividend paid by the co. for the four years is 10% which is
taken as reasonable return expected on the capital invested in the business. 16
8. Write short notes on any two :
a) Accounting standards issued by ICAI.
b) Classification of accounts.
c) Subsidiary books. 16
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D.T.L. Examination,University Of Pune Question Paper,BOOK KEEPING AND ACCOUNTANCY (Paper – I),2011 Question Paper

University Of Pune Question Paper
D.T.L. Examination, 2011
BOOK KEEPING AND ACCOUNTANCY (Paper – I)
(2005 Course) (Old)
Time : 3 Hours Max. Marks : 100
 N.B.: 1) Q. No. 1 is compulsory and solve any five of the remaining.
2) Figures to the right indicate full marks.
1. Following is the Trial Balance of Mr. A for the year ended 31-3-2010. Prepare his
Trading and Profit and Loss Account for the year ended 31-3-2010 and the
Balance Sheet as at that date :
Trial Balance
Particulars Debit Credit
(Rs.) (Rs.)
Stock on 1-4-2009 35,000
Drawing 12,000
Purchases 1,10,000
Return Inward 8,000
Investment 40,000
Carriage inward 4,700
Import Duty 2,500
Wages 32,400
Power charges 4,800
Salaries 41,300
Printing and Stationery 5,100
Postage 200
Plant and Machinery 2,15,000
Furniture 28,000
Cash at Bank 3,500
Land and Building 1,26,000
Cash in hand 700
Capital 3,50,000
Return outward 5,000
Sales 2,70,000
Discount received 7,200
Creditors 37,000
6,69,200 6,69,200
A/c closing stock on 31-3-2010 is valued at Rs. 65,000. 20
2. Enter the following transactions in the Cash Book of Mr. Vaidya and balance the
same.
2010 Feb.
1. Cash balance in Cash Book Rs. 4,000
2. Cash paid to petty cashier Rs. 200
4. Received bonus from Tata Co. Rs. 150
5. Mr. R invoice goods to us for Rs. 2,000 and the amount paid in cash.
10. Purchased office furniture from Well Decor for cash Rs.1,350
15. Cash sales Rs. 380
17. Purchased stationery for Rs. 20
21. Opened an account with the Rupee Co. Op. Bank with Rs. 1,500
27. Paid office rent Rs. 120, advertising Rs. 60
28. Paid to Mr. Rajan Rs. 115 for his dues
28. Received loan from Randhir Rs. 165 16
3. On 31st March 2010 the Cash Book of Shri S showed a debit balance of
Rs. 6,490. On comparing his Cash Book with the Bank Pass Book he finds that :
1) Out of the three cheques totalling Rs. 2,100 issued on 29th March 2010 only a
cheque of Rs. 1,200 has been presented and cashed upto 31st March 2010.
2) Two cheques of Rs. 1,000 and Rs. 2,000 respectively were deposited into
Bank but only a cheque of Rs. 1,000 was credited before 31st March 2010.
3) Bank charges Rs. 15 and Bank interest Rs. 400 appearing in the pass book are
not yet recorded in the Cash Book.
4) A standing order for payment of the insurance premium amounting to Rs. 175
had not been entered in Cash Book.
5) A cheque of Rs. 150 deposited and credited by bank was entered as Rs. 115
in the Cash Book.
Prepare the Bank Reconciliation statement to find out the balance as per the
Pass Book as on 31st March 2010. 16
4. Rectify the following errors :
1) A machine purchased Rs. 33,100 is debited to Purchases A/c.
2) Wages paid for erection of new machinery Rs. 3,500 are debited to Wages A/c.
3) Material of Rs. 10,500 and wages Rs. 5,500 paid for additions to Building
were debited to Purchase and Wages A/c.
4) Land acquisition charges paid Rs. 10,800 were debited to Legal Charges A/c.
5) Charges paid on purchase of goods Rs. 4,000 was debited to Goods A/c.
6) Rs. 1,000 paid for repairs to machine were debited to Machinery A/c.
7) Salaries of Rs. 1,800 paid to Mr. A were debited to Mr. A’s A/c. 16
5. Journalise the following transaction in the books of Ram for the month of April, 2010.
1. Started business with cash Rs. 25,000
2. Bought goods from Sachin at 5% trade discount Rs. 5,000
4. Paid to Shri Sanjay for office rent Rs. 1,000
7. Sold goods for cash Rs. 700
9. Returned goods to Sachin Rs. 500 (gross)
12. Sold goods to Pravin Rs. 1,500 at 5% trade discount
17. Paid to Sachin on account Rs. 1,500
[3941] – 61 -4- 
20. Sold goods for Cash Rs. 400
22. Received from Pravin Rs. 1,400
25. Paid for salaries Rs. 1,000 of which Rs. 500 paid in cash and balance in
goods
26. Placed an order for goods Rs. 10,000 to Sunil to be executed next month
27. Purchased Typewriter Rs. 3,000 and paid Rs. 200 for Octroi charges
28. Goods purchased for cash Rs. 1,000
29. Distributed free samples Rs. 200
30. Paid to Sachin Rs. 2,000 on account. 16
6. Rao commenced business on 1st January 2009 with cash of Rs. 20,000.
On 1st July 2009 he introduced a further capital of Rs. 5,000. During the year he
withdraw Rs. 400 p.m. for personal use. On 31st December 2009 his assets and
liabilities were :
Rs.
Stock in Trade 20,000
Debtors 15,000
Furniture 4,000
Cash at Bank 3,000
Unpaid Expenses 1,000
Sundry Creditors 8,000
Calculate profit earned by Mr. Rao for the year ended 31-12-2009. 16
7. A, B and C were partners in a firm sharing profits and losses in the ratio 2 : 2 : 1.
The partnership deed provided that on the retirement of a partner, goodwill shall
be valued at 3 years purchases of the average profits of the last 4 years. Mr. C
wanted to retire from the business. Profits of the past 4 years were Rs. 19,400,
Rs. 13,200, Rs. 21,300 and Rs. 22,500.
Calculate the value of the goodwill of the firm and how much C will get as his
share of Goodwill ? 16
8. Write short notes on any two :
a) Subsidiary Books.
b) Accounting for Fixed Assets (A.S. 10)
c) Classification of Accounts. 16
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B