e. Received interest Rs. 6,000.

DHANAYCHAL SECONDARY SCHOOL Required : Accounting Equation. 3

Final Examination 2080 13. A. Following sales transaction are given :
Baishakh 10 : sold to Dipesh brothers
Class: XI F.M:75 20 cylinders Nepal gas @Rs 1450 each
Time:3hrs SUBJECT: ACCOUNTNG P.M:27 40 cylinders Baba Gas @ Rs 1500 each
Baishakh 20 : Sold to Dipesh firm
Group –A 30 Gas laltin @ Rs 2000 each
Very Short Answer Questions (Attempt All Question) (11x1=11) 30 Gas stoves @ Rs 1500 each.
Required: Sales book (2)
1. What is accounting? लेखाबिबि भनेको के हो ? B. Given are the cash and banking transaction
2. Mention any two objective of book keeping ? Jestha 1 : Opening balance of cash and bank are 50,000 and 1,50,00.
Jestha 13 : Cash deposited in bank of Rs.30,000.
लेखा अबभलेखनका कुनै दु ई उदे श्य उल्लेख गनुुहोस?
Jestha 18 : Paid to Raju by cheque Rs. 34,000 in full settlement of his
3. What is cheque? चेक भनेको के हो ?
account Rs. 35,000.
4. State any two objectives of trial balance. सन्तुलन परीक्षणको कुनै दु ई Jestha 22: Purchased goods Rs. 30,000, paid by cheque Rs. 20000
उद्दे श्यहरू बताउनुहोस् ? and balance by cash after deducting discount Rs. 1000.
5. What is mobile banking? मोबाइल बैंककङ भनेको के हो ? Jestha 27: Sold goods for Rs. 10000 and received cash after
6. What is double entry system of book keeping ? दोहोरो लेखाप्रणली deducting 10% discount.
भनेको केहो ? Required: Triple Column Cash Book (3)
7. What is provision. प्रावधान के हो? 14. Following details are given
8. Define capital receipt with an example पूंजीगत प्राप्तिलाई उदाहरण i. At the end of poush , the cash book showed a balance of
Rs.50000
सकहत पररभाकित गनुुहोस्
ii. Cheque issued but not presented for payment Rs 30000
9. Write the meaning of central level of accounting. केन्द्रीय स्तरका
iii. Cheque sent for collection but not yet credited by bank Rs 20000
कायाु लयका बारे मा छोटकरीमा लेख्नुहोस iv. Rs 10000 has wrongly been credited in passbook by the bank
10. What do you mean by treasury single account. एकल खाता कोि v. Insurance premium of Rs 1000 directly paid by the bank
प्रणाली भन्नाले के बुझ्नुहुन्छ? Required : Bank reconciliation statement. 5
11. Write about budget sheet. बजेट खाताको बारे मा लेख्नुहोस् 15. Following are the information given below:
Particulars Debit (Rs.) Particulars Credit (Rs.)
Group –B
Short answer question (8x5=40) Furniture 400,000 Capital 425,000
Attempt All Questions Debtors 225,000 Creditors 120,000
12. A. Describe double entry book keeping system with its features.
Bank
दोहोरो लेखा प्रणाली र त्यसका कवशेिताहरू सकहत वणुन गनुुहोस्। 2 balance
145,000 Sales 515,000
B. The following transactions are given to you.
a. Shivam commenced business with cash Rs. 40,000.
Salary 80,000 Loan 250,000
b. Purchase furniture worth Rs. 10,000 on cash. Office
40,000
c. Sold goods for Rs.3,000 on cash. expenses
d. Paid salary Rs. 2,000.
 Purchase 380,000
Cash 25,000 The mechi youth club showed the following statement and information
Rent 15,000 Balance Sheet
Total 13,10,000 Total 13,10,000 As on chaitra 31,2076
Liability Rs Assets Rs
Additional information:
a) depreciation is to be charged @ 10% on furniture Capital fund 12,000 Furniture 10,000
b) Make provision for doubtful debt @5% loan 3,000 Cash 5,000
c) Prepaid salary expenses Rs.5000 15,000 15,000
d) outstanding Rent Rs3000 Receipt and payment account
Required: Adjusted Trial balance 5 For the year ended chaitra 31,2077
16. A trader purchase a machine at Rs.100000 on baisakh-1,2075.The Receipt Rs payment Rs
trader purchased another machine on kartik-1,2076 at a cost of To balance b/d 5000 By salaries 3000
Rs.120000. On chaitra 31 2076 the trader sold the machine which To subscription 15000 By interest on loan 1000
was purchased on baisakh-1,2075 for Rs.80,000. Depreciation is To donation 8000 By Furniture 5000
charged at 10% using straight line method. The accounts are closed To admission fees 2000 By balance c/d 21000
on 31st chaitra each year. 30000 30000
Required: Machinery account from 2075 to 2077 5 Additional information:
st
17. The trail balance of a company as on 31 chaitra is given a. Half of donation is to be capitalized
below: b. Depreciate furniture by 10%
Particulars Dr.(Rs) Particulars Cr.(Rs) c. Subscription outstanding for current year 2077 Rs.5000
Required: a) Income and expenditure a/c
Purchase 1,20,000 Share capital 1,00,000
b) Balance sheet as on chaitra 31,2077 5
Opening stock 30,000 Sales 2,50,000
18. A. Dipesh keeps his account under single entry system . He started
Machinery 1,50,000 Discount 50,000 business with Rs.1,00,000 on baisakh 1,2077. He withdraws Rs.
Salary 30,000 Creditors 15,000 10,000 his household work. At the year end his position was as
Rent 20,000 under:
Wages 10,000 Bank balance - Rs.30,000
Debtors 40,000 Building - Rs.1,00,000
Cash 15,000 Creditors- Rs.30,000
4,15,000 4,15,000 Loan - Rs.15000
Additional Information: Stock - Rs.10,000
Debtors - Rs.50,000
a. Outstanding Wages Rs.1,000 b. prepaid rent Rs.500
Required: a) closing statement of affairs
c.. Closing stock Rs. 1500 d)Depreciation is charged@5% on machinery
b) statement of profit and loss (2+2=4)
Required: a) Trading A/c b) P/L a/c (2+3=5)
19. Rectify followings errors before preparing trail balance
a. Cash sales to Ajay Rs. 40,000 debited to his account.
OR,
b. Purchased of goods Rs. 11,000 were wrongly recorded to his
account.
 c. Salary of Rs. 4000 paid to Binay wrongly debited to his Sundry creditors - 9,000
account. (3) Bad debts 3,000 -
B. Following information are extracted from the trail balance. Provision for bad debt - 1,000
Particular Debit(Rs) Credit(Rs) Interest on bank loan 750 -
Total 2,01,500 2,01,500
Debtors 50,000 -
Additional information:
Provision for doubtful debts 3,000 a) Depreciate vehicle by 10% p.a.
Bad debts 1000 b) Sundry expenses include 60% for office and 40% for selling
Additional Information expenses
a. Bad debts Rs. 2,000 c) Prepaid salary Rs.2500
b. Provision for bad debt @ 5% (2) d) Interest on bank loan for 6 month is to be paid
Required: Provision for bad debt Account Required: a) statement of profit and loss as per NFRS
b) Statement of financial position as per NFRS (4+4=8)
or,
Group –C The following is the trail balance of Arati trading concern as on 31st
Long answer question (8x3=24) December 2021.
Attempt the question Particulars Rs. Particulars Rs.
20. The following transaction are given : Purchase 120,000 Bank loan 50,000
Bhadra 1: Started a business Rs.20,000 wages 25,500 Sale 325,000
Bhadra 10: Rent paid Rs. 3,000 salary 25,000 Return Outward 5,000
Bhadra 20: Goods purchased from dipesh on credit Rs.5,000 plant 150,000 Creditors 121,000
Bhadra 25:Goods returned to Dipesh Rs.1,000
Goodwill 90,000 Dividend received 15,500
Bhadra 30: Cash paid to Dipesh Rs.3500 in full settlement of his
land and
account Rs.4000
building 190,000 Outstanding salary 5,000
Required: a) journal Entry b) Necessary ledger (5+3=8)
21. The following is the trail balance of Mr. Sohan as on chaitra 31,2077 commission 18,000 provision for bad debt 4,000
Particulars Debit Credit investment 23,500 capital 180,000
Capital - 70,000 carriage 19,000
Drawing 18,000 - Debtors 29,000
Salary 75,00 - cash 15,500
Vehicle 25,000 - Total 705500 Total 705500
Bank loan - 15,000 Additional Information
Sales - 10,000 i. Stock at end Rs. 75,000
Cost of goods sold 73,000 - ii. Depreciation on plant 20%
Sales return 2,000 - iii. Prepaid salary of Rs. 5,000
Sundry expenses 15,000 - iv. Bad debts written off 2,000
Unearned commission - 6,500 Required: a) Trading A/c. b) Profit and loss account. C) Balance sheet
Sundry debtors 30,000 -
Bank balance 27,250 -
22. A. Following information are given for the month of chaitra 2077
Budget head( Annual Expenditure Expenditure
िजेट श्रीसख न.) budget( upto falgun( of chaitra(
िाबषुक फाल्गुन र्ैत्र मबहनाको
िजेट) सम्मको खर्ु खर्ु)
Employee
remuneration(
कमुर्ारीको
21111 पाररश्रबमक 90,000 65,000 10,000
Travelling
expensesयाता
22612 यात खर्ु 50,000 30,000 3,000
Office
expenses
22311 कायाु लय खर्ु 30,000 20,000 2,000
House rent
28142 घरभाडा 40,000 25,000 4,000
furniture
31123 फबनुर्र 60,000 45,000 6,000
Total 2,70,000 1,85,000 25,000
Additional information:
Uncleared(फछूयौट हुन िाबक पेश्की) travelling expenses advance
Rs.2,000
Required: Statement of expenditure( खर्ुको फााँ टवारी) for the month
of chaitra 2077.
B. Following the transaction are taken from government office. The
office has submitted payment order to DTCO and DTCO paid the
expenditure at the end of same day.
Magh 15: Issued payment order of Rs.10,000 to purchase of office
materials.
Magh 20: Issued payment order Rs.20,000 to Dipesh as advance for
travelling expenses.
Magh 25: Issued payment order for employee remuneration
Rs.90,000 and allowance of Rs.10,000 after deducting provident
fund Rs.20,000.
Required :Bank Cash Book ( 4+4=8)
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