\' IBU.C.

ANNUAL EXAMINATION FEBRUARY-2018

SUBJECT:ACCOUNTANCY (30)
Time:3 Hours 15 Minutes Maximum Marks: 100
Instructions: continuously at one place.
1. All sub-questlons of Sectlon-A should be answered
2. Provide Working Notes wherever necossary. for the candidates to read the questions.
3. 15 Minutes of Extra Time have been allottéd
4. Figures in the right hand margin indicate full marks.
SECTION -A
carries One mark : 8x1=8
Answer any EIGHT questions. Each question
1 Recording is made in a order.
2 Give an example for voucher.
3 Rent paid to landlord is credited to none of the above
c) cash a/c. .
a) rent a/c b) landlord alc
4. What type of transaction is recorded in the sales
book.
5. Trial Balance is
a) an aCCount b) a statement
c) a subsidiary book d) a principal book
6 Give the meaning of maturity of a bill.
7 Prepaid expenses are assets of the business. State true or false.
8 What is statement of affairs ?
9. Expand MIS.
10. The Accounting Software is generally tailored in organisations.
SECTION B
Two marks : 5x2=10
Answer any FIVE questions. Each question carries
11. What is capital ?
12, What is matching concept?
13. What is posting ? and pass book
14. State any two reasons for the difference between cash book balance
balance.
15. State any two types of Errors.
16. What is depreciation ?
17. State any two distinction between capital expenditure and revenue expenditure.
18. State any tw0 units of CPU.
SECTION -C
Answer any FOUR questions. Each question carries Six marks: 4x6=24
19. Prepare the Accounting equation from the following
a) Ramesh started business with cash 500,000
b) Purchased goods from Harish for cash 200,000
c) Sold goods to Rajesh costing 100,000
20. Enter the following transactions in the petty cash book under the imprest system
and balance it.
2017
Jan 1 Received a chegue towards petty cash 1000
Jan 3 Paid Taxi fare 250.
Jan 10 Postage charges.paid 160
Jan 15 Stationery purchased 140
Jan 22 Registered parcel charges 170
(P.T.O)
 21
IV 25. 24. 23. the22.
26.
June June Started
7 June 1 customers
Returns
from Credit
Discount
allowed Cash
Sales Debtors Purchases StockCompute
information
Sales Stock SINo.,
31-03-2017. June June Bengaluru.
June 2017 Prepare
9 June 5Journalise
201.7 Answer Explain FromWages Creditors10: 8 7 6 5 4 3 1 Mr.
Ganesh'ledgers 8 2 1
received the during as as |Machinery
Due to
from alc each.
Debtors
Purchases
Cashalc Wages
alc alcSalesalcManu Due Capital
Bought Hassan.
Book
Co.
Purchased purchases
any any as on on cost Economics
Purchased
urchased
goods
Sold to
Deposited following
the on during Account
Name of
six the 31t 1
following FOUR 1-4-2016
from April
of alc
advantages March goods Ravi from
business year the text
information, shows 30 60 book
goods into debtors 2016 Apna
questions. year books Accountancy
transactions. 2017 sold Business from
agaraj Bank
from with Book
of for at
SECTION-D following the
cash Computerised find the
adish.on
for 10,000 Each 15,00,000
20,00,000 2 2 Co. Studies
90 -2
1,00,000
70,000 out year 40000 text following
cash 20,000 37500 41000
10500 76000 4000015000 50000
60000 Mysuru
3,0005,000 1,20,000 4,00,000 3,00,000 5000 each
50,000 question closing 2016-17
balances,
text books
10000 10 from transactions
credit Accounting debtors. books at
carries with New
for prepare English Book
150
the at
help a
per of
5,000 Twelve System. s
ditrialctionarieHouse, 60
b0ok college
of each
the balance from
marks Book
x12=484 following Mangaluatru. and
as Sapna Co
.T.O)
on 40 200
 3.
Paic ash to Jagadish
June-13
Paid to travelling 4,000
june 15 expenses 500
Took goods from business
June 17 for domestic use R 1000
June 20 Outstanding Salary 800.
Credit Sales made to Raju 10,000.
June 22 Paid for advertisement 2000.
June 25 Paid in as further capital 12000.
June 27 Purchased Office Furniture 3000.
21. Record the following transactions in two column cash book of Sagar and
it
balance
2017
Feb. 1 Bank Balance 50,000
1Cash Balance 10,000
5Cash Sales 25,000
8Cash Purchases 18,000
10Cash deposited into the Bank 19,000
12 |Telephone billpaid by cheque 2,500
15 Withdrawn cash from the Bank for personal use 15,000:
16 Cash withdrawn from Bank for office use 10,000
22 Paid wages 1,500
28Cheque received from Kumar 5,000
28. Prepare Bank Reconciliation Statement from the following particulars.
a) Overdraft shown as per cash book on Dec. 31, 2016. 10,000.
b) Bank charges debited in the pass book 100.
c) Interest on overdraft debited in the pass book 380.
amounted to 2150.
d) Cheque issued but not encashed prior to Dec. 31, 2016
the passbook 600.
e) Interest on Investment collected by the bank and credited in 2016
f) Cheques paid into bank, bút not cleared before Dec. 31, were 1100.
in cash book F 830.
g) Direct depósit in to Bank by a customer not recorded
and spent
29. MIS Golden Co. Ltd., purchased a Machine for 3,60,000, on 1-10-2012 another machine
40,000 for its transportation. On 1-4-2014 the firm purchased
for 2,50,000. On 31-12-2014 it sold the Machine which was purchased on
1-10-2012 for 2,95,000. Company charges depreciation at the rate of 10% per
are closed on
annum, on straight line method every year. The book of accounts
31st March every year.
Prepare Machine A/c and Depreciation Ac5000 for first three years.
on 1-1-2017. On the same day
30. Prakruthi sold goods to Kavya on credit for On the due
Prakruthi draw a bill of exchange for three months for 5000 on Kavya.
date the bill was dishonoured.
Pass journal entries in the books of Prakruthi and Kavya.
31. From the following Trial Balance prepare Trading and Profit and Loss account for
the year ending 31-3-2016 and the Balance Sheet as on that date.
Name of the Account Debit Credit
No. ()
1 Capital 30000
2 Drawings 1760
3 Purchases and Sales 8900 15000
4 Stock on 1-4-2015 1200

(PI.O)
 4

Returns 280 450

6. Wages 800
7 Buildings 22000
8 Freight charges 2000
9 Trade Expenses 200
10.
11.
Advèrtisement
Interest
240
650
12:. Taxes and Insurance 430
13. Debtors and Creditors 6500 1200
14. Bills Receivables and Bills Payable 1500 700
15. Cash in hand 1390
16. Salåries 800
Total 48000 48000
Adustments :
i) Stock on 31-3-2016 was valued at 10,000
ii) Insurance prepaid to the extent of 100
i) Outstanding Salaries 200
iv) Depreciate Buildings at 5% p.a.
v) Provide for doubtful debts at 5% on debtors.
32. Mr.Aniket kept his books under incomplete records. He provides you the following
information.
Particulars 01-04-2015 31-03-2016
()
Cash. 10,000 16,000
Bills Overdraft 20,000 14,000
Bills Receivable 16,000 20,000
Debtors 30,000 40,000
Stock 24,000 28,000
Furniture 20,000 20,000
Machinery 30,000 30,000
Bills payable 6,000 10,000
Buildings 50,000 50,000
Creditors 14.000 16,000
During the year he has withdrawn cash 13000 and goods worth 7000. for
12000 as an additional capital.
his personal use. He also introduced
Adjustments :
1. Depreciate Machinery by 3000.
2. Salary due but not påid 1000.
3. Calculate interest on capital.at 8% p.a. on opening capital.
Prepare :
)Statement of affairs.
ii) Statement of profit or loss and
ii) Revised Statement of affairs.
SECTION-E (Practical Oriented Questions)
question carries Five marks: 2x5=10
IV Answer any Two questions. Each
33 Drawa diagram of Accounting process.
five imaginary figures.
34. Prepare a simple cash book withcomponents of Computer.
35. Draw a Block Diagram of main
 YEAR-2017-18

SCHEME OF VALUATION
sUBJECT Accounlaicy SUBJECT CODE : VERSION Ençhsh
MARKS
ON.
No.

Secfion. A
(- Chronoloqicel
An invoiCe

Cash Aie
4 Cre dt Salu of gocch
A. Sfate ment.
The ferm maturity de fer to the date On

cwh:ch a bill of echange becomes du tor

payment.
True
A sfatement cf affairs is pepard from
incemplete recods, ohieh shows estmakd
Veluey of assets and liab:1,u.
9 manaqemen Irformat:on Systern
(o darge buginey

Secton
Amount in vesfed by the ooner in he
firm is known Qs Cap,tal. I4 may be
br0Ug t in the fosn of Cash or ase t
 2

Qn. No.
ent:y.
by tho for thu business
sBates that ppens
eo nee pt
matchng accounting peoo Should
iocur re in am
hat pertod
be tnato hed,(uth erenees
duying
transei tha
iS -lhe proety of
(3 posting
ehtres frorm tho books ef or:inat
ntry ******

to the
but hot yet
l+i Cheques issued by the bank
presentd foy payment
i Cheqie Paid info bank but not yet
Qo lleefed any
Comn: SS:on
(Si Errors
miSS:0n any
Esrors
may be deses: bed a
(6 Depreeiat:on
pemanent, Contnuing 9radual

iy the book alue of ed asse& 2

ghrn kage
I7: apt ppend.ture incseases easning Capacy
wheye ou deVe h dppendi tue s
h ea~ nig eapaety
in uyred to maundain
Cap:tal ependture s hcuiredto acqutre
buging hurean
ioe asses for operaton oy
bpe nd:tye iS in urred On day-to
bevehat
day eondue t bus.ney
Aoc n:t
Ar hmatic a
Unt any o thr
memery
 3

Marks
Allotted
Seetion C
t******************* **************.

19 Assets *******.s******.s.....
s**********t.

Cash tInventoryt de btors

500000 Go000o
3AR.RR.0000 Sococd

Sooocc
Analy cal PeHy Cesh Bock
Amoont Date Anolysr Co lomn
Raceived
2o17
Jan)
Part:cularsmon.cRZyaoL
Bank a<c
0Na Pad Postaçe Cotrag ......,s.

A3Taki fare

140 J40

330 140

» 313alanee ed

Balanee bb
40 Fes i Bank ale
Purchases Book
Amoot
Dote Invos Part culars
LF

3o7
Sapna Bock Co. tHosso ....

|Wew Book House Mahgelur

Ppna Book Co MysuYU
Toda
 4

Qn. No.

Toial Balane Qs 31: 3 &7 ****..,

Accont Title Debt Bolaaee.

gI No Balanca.
Capil afe
40000
machinery afe
Due from Rav: 1Soo0

Due to Oanu 40000 EAch..

6o ooo2ntry
Salu. al;
CUager afe Sooo 5mot

Purchasu ale 6o0

Cash 41000

Debtors loseo

(o Cre:tors 3 4Soo
Todal I97Soo 197so

93 aleulat:on of ost c} Goos. Sold

Opening stocs 3ooe00
Purchases
'wages

less eloshg Stock 400 oo

lost of Gooals Sola |4ao00

Todad Debtors Aic
Galanee bld Qocoo Sau jeturn

....
Sales ******

D:scoUnt 50o0
Balane el ! 48000
|Qoo00
 4000
alc Cash To
0o
40 DY
Jagad:sh
ale
made) ecah
ale Bales. To
acCash
made)
purchases CCyedt
Sood
Jagactsh
ale To
Sooo 7Purchass
al )
Bank toin pos-t DeC
(ooo
alc Cash To
ale
Bank s
Dy
tGal) buginah
w C3tarted
Cap:Bd
ale To
Socco
Soooo alc Cash Tune!.
Or &ol7
Creç:t Det LE Particularg 6Dae
Sect:on
othey any Or
3+3 Product)on
Doeumnent Automa
ted :
snat:o info teda toUp
Rel:abi:ty ii
Accusacy
Speed
syskm unding aeco rmputer Adramtagu
ee cf
Allotted
Marks
5
 6

Qn. No.

Cpou: -kb Jacg cchsh)

13 Travellinq Erpens«tD Soo

Te eash a lc
Ctravelling ppenser pad)
looo

Te pC hase ae

Cgoed ta kon for domete entry

USe)

Dr

.s...D

Salary de)
Raju ale looo0
To Slu ale
CCred:t Saler mada)

2, 9 Ad ves+Sement ale Dr
To Cash a
CAdvdrt:Se
Cash Dy

ale
Cihves te furthar
Cap:tal )
g6: FUntuse alc Dr

To eaSh ale
CFurnitore puchase)
 Marks
Allotted
Two Colomn Cash Book
Re:epts LFCasbl6ank Dalk Payments ash Bane
Fo b Balane bld O00O 5oo Feb8
.........
Porchase l
s Sale ale ASooo (o Bank
s*****.*********

Cash ale 19000 2 Tele phone ehag 9Sod

Qntr
alc
Oro
C loocd

*********.******

»88 Bclanee eled 6Soo 46 Soo

4S0oo 4000 LS00o74000
6Sco 4% Soo
. .

Gamls Reecc:liat:on Stakrnent as ou 31-12-t

Bank Orerd raff ar per ash Boclk
Add:amk eharqer dbkd in pos book Each
:Interen t on o.D.eharqed 3 80 |transt.ctie
ehaque pad bat not elaed .........s

|dass :ehaqur issad but nd encashd 150

:Zntereut on Investment Col luehd

: Direet depost by a eustomer 880 36a
Bamlk Over draf au þor Pass Book 7960
Qn. No. Bic
machinery
*****.
********iti

Partculars hmout
Amount Da k ..........

Payt culars ao
Depreeaat:on Rl
400000 31343
8laneo eld 380 od
St 3-3
*********

40 oeeo
400000
a 4oso
43Badance bl 380cco 313lh Deprelation *******

Balanee ed 34060o
31 3-14
38000od
380000 .e*.****s

0co 8i ia4 Deprees ction ael 3o ood

340
Bank ale 895oo
e Bank ac aSo ooo 3 à.
31-314 Pal yc
sooD
33-Is De pye erat Onol
31 3is alanea cld &2SODU

59000
Depreei atio Ac
Amant ()aute Partculoys Amaut
Dale artcalars
91-3-I3 machihery ae o000 33-13 P& L a lc
&oooo

40000 40000
*********g

SSobo
B3-l4 machiy :le 3oo0D 3:3.s P4L al
313-1s Machuy qle aSooo
SSo00

working Nofe CoSt of Mach Inar. .. ...... *********

3 3-14o
3I2-1e
valax 3 10ooo
ISooo
 Marks
|Allotted

in th books hakut
Journal Entriea ..*****..

Date Pard calars

5ooo
ao Kavya al
To le.ale Soo0
CCre sele made)
Sooo
Sooo
To Kavya a
CB drawn)
4417 kavya ale Dy

To Bils Rouivablrtk ..t....

d.shonoured

Journl ntia Jn th Books ot Kavya

|(- 17 Purohase ale 5000

.To Prakroth: al Soo

C Creal: purchase nale)

|17 Pra kruth: ale Dy Sooo
Soo
To Bils Payobla af
CBll accepkd)

pi4I7 B:lls
Soo0
To Dakuth: af
c 13:/ dshonoured.
 10

Qn. No.

8/Tra cing and oft and

Opening Stocfs Salei
Rrchase less tetu

Oess retorns 450 84s0 dosin9 Steck

wages Bo0
Freight
Gross Pof cl 3
J4720 247D
Scularie Boo Gross. Proft bid. Ig 80
Add! oufstanaling &oo loo0
Tas ak Insur anco 480
jkess pre paid loe 330
|Adveyt:serment a40

|Trae lling Erpons

|Depreia ton on Blg
Dovs for.Baal cks
Net Prof 4
/2980 |2920
 11
Marks
Allotted

Balane Shact as 31 3·Qort

iab. 4: Asse ls
Capitd 30000 Building J2or
89785 Closihg Stock lo o0o

dess Baoing 1760 37 q65 Debtors 6So0

Cseditors IQ00, ess PBp

B: (|s Paycbk' 700 Blls Receiycbla

lool
outstonong Seoy 30o Bopai Insuran
lash 1390

40065 40065

89 Cormbined 94aementof fairs as on h4 15 a 3 E

74Is|313-1d Assets i41s)3 3:16
diab:l:iee
0000!6000
Bank Overdraf! Rocool|4oo0, Ca sh
B>ls Payc ble booioOooB:lls Receivc ble lboooQooc

Crao:torS /4000 (bo00 Deb tos 3o000 4oooo

l40000l64o00 Stocls J4oo0Seoo
|Ca pital Fon:ture Qoooo Qocod

mochiry Bocoo Bo oo o

Bu:1di Soooo Soco o

 12

Qn. No.

Stetement of bof o koss yor the yeor endiha

Closin9 CapiBl
|64.000
chawings *.****.

dess add:iona cap;tal

Pljuskd clesing Captol |7900
|40 0 BO 4
dess opening Cap.tal
Proft 32000
Gross
|dass Eepenses
De preeiat:on on Mach,hary 3ooa

Outslamdt ng lcy
Inderes on opong Cap:tal IS&o
proft
kav:seo Staemen! of 9fajrs as on 8) 3-Ael6
Assets
Liab:l:die
Ppening apl liooo machihery Jood
loss dopotatow Boos a 7o00
|Ads aded. eap laoos
Soo00
Aoe int on Cap Iao0 Bu:leing
Forniture
Ad nef pofd 16 Boo
Stock
dessoralsingsdeRe. l60 oo0 4900D
l6 oo0 Dobtors
Credtors
Roceiroble Qosoo
/4000 B/s
Overdraft
(0000 Cash
G.!s Payo ble
Outstnchg Saloy
 13

Matks
Section Alotted
83
Th Accounting
*************.s...

Econpm:c Commun ca hny

Events .Acouating.
Infarnet:cn

Deeision
makers
Enrn an
Actions Erternal users)
DscisiQns.

ash ook
34 Simple
Dake Rece:pBs RDake Payments
| 6 Balaneo bld looo Sl Purchasucl Qooo

B6 Saler afe 9000o7 rlE Salavy ae 1Sooo

8-r6 aju's ale Sooo;la- is kumo al

5
3) 6 B alase ck 5400d
AMHA

96o0d
ALLwaA
 14

Marks
Qn. No. Allotted

85 Block Oiaqram ohmai..

Co mpononts ef Computey. .
Seconela.N...1oTCLCje

Output
IZnput

In put memosy
outputt
5
Kon yo) On:t