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FOUR YEAR B.Coni. (Honours) DEHREEEXAMIN~TION, MAY 2024.
. SECONDSEMESTER
GeneraVComputer Appiications
Course 3 - FINANCW,..ACCOUNTING
. (Regular)
Time: 3HQUTS Max~ Marks,' 75
SECTION-A
Answer any FIVE of the· following
(Marks :5 x 5 marks =25 IIi:arks)
1. Need for Accounting.
2. Ledger.
3. Petty cash book.
4., _. Types of subsidiary books.
5. Objectives of trial balance.
6. Principle error.
.'
7.. . Need for bank reconciliation.
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8. Trading account.
SECTION -B
Answer ONE question from each' unit. Each question carries 10 marks.
(Marks: 5 xlO marks = 50 marks)'
1,TNJT-I
9. (a) What are the advantages and limitations of Accdtinting?
Or
(b) Journalize the following transactions
2024
Jan 1 Started bllsiness with a cash of Rs.80, 000
4 Cash pqrchases Rs.25,OOO
6 Kave:t;i sold goods to us Rs.15,000
7 Sold goods to Uma Rs.12,000
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9 Bought furniture Rs.9,OOO and issued cheque
12 Kavitha account settled with Rs.14,850
i 20 Rent paid R~A,OOO
28 Received commission frQmBharani Rs.5,OOO·
30 Dharani used Rs.5;000 worth of goodsJor her personal use
31 Paid salaries Rs.25,000
UNIT-II
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10. (a) Enter the following transacticinsin three columnar cash book'
Date Details ' Amount
t
2023 Rs.
Aug. 1 Cash balance 25,000
Bank balance 15,000
8 Cash sales 22,000 .
9 Payment for cash purchases 21,000
9 Cash deposited in bank ' 15,000
14 Withdrawn from bank for persOnal use 6,000
16 Withdrawn from ban~office use 14,500
20 Received cheque from John in full and final settlement and deposi\;ed 10,700
'\
the same in the bank
"'25 Cartage paid in cash .350
25 Cheque received from Kumar' 20,000
28 Cheque received from Kumar deposited in Bank
31 Cheque deposited on Aug. 28 dishonqured
31 Paid cash for postage 220 .
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Or
(b) Prepare petty rash book on the imprest system froni the following
2022 .Rs.
Jan 1 Amount of imprest received from head cashier 100-00
3 Paid for office stamps 3-00
4 Paid for printing .. 10-00 '
4 Sundry expenses 2-00
5 Paid for electricity 12-00
9 Repairs to office door 1-50
10 Stationery 5-00
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2 (2203FIAMJ23)
L . ., "'1i:Oiiiii,u" ......_
2Q22 R$;
11 Repairs to typewriter 2~00
12 Paid foroffice cleaning 1-00
13 ,Paid forcoolicharges 0-60 .
14 Paid for carbons, pencils 7-00
18 Paid to X 10.:00
24 Ink 3-00
28 Coffee and tea charges 4-00
29 Paid to David on aCcount 15-00
30 Bus fare to attender "
1-50
UNIT~III
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'11.' (a) 'From the following balances extracted from the books of a trader, prepare Trial Balance
as on 31st March, 2023.
, Rs. ' Rs.
Insurance' , 7,840· Sundry creditors. 1,58,760
I , Furniture
Stqck
36,750 Capital
91,140 Drawings
4,90,000
88,200
Loan ,2,45,000 Buildings 4;90,000
~ Bad debts 24,500 Freehold premises 98,000
Travelling expenses 24,500 Commission received 98,000
...
Sales 5,14,500 Cash in hand 20,580
I Purchase.s 3,67,500 Ca!3h,at Bank 82,320
,Carriage Inward 13,230 Bills Receivable 88,200
Salaries 58,800 Bills payable ' .78,400
Advertisement ., 11,760 Sundry debtors 1,20,540
Or
(b) Rectify the following errors with the help of a Suspense Alc
.)
.(1 Received cash from Krishna Rs.188 has been posted to his Alc as Rs.180
(i) Goods sold to Ashok Rs.,750were~omitted to be entered.in his book
(iii) . Credit side of Hari account was overcast by Rs.20 .
(iv) Goods returned from Ramesh Rs.35 was not posted to his account
(v) Sales .book under cast by Rs.350:'
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3 (2203FIAMJ23)
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UNIT,...;IV
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12. (a) Prepare a Bank Reconciliation statement for the year ending 31 st December 2023
(i) . B8;nk balance as per passbook Re.22,600
(ii) Cheques issued hut.notpresen~d for payment Rs.6,400
(iii). A wrong'debit in pass hook Rs,500
(iv) . Overcast of. receipt side of cash book Rs.500
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(v) Direct deposit ofacheque Rs.1,800 not recorded in Cash hook
(vi) Cheques deposited into bank but not collected Rs.5,800
(vii) A cheque iss':led for Rs.210 was rec.ordet;las Rs.201 in cash hook
(viii) Interest "as banks deposit Rs.120; lnsur.ance·premium·paid Rs.580 recorded only
in pass book "as per standiIlg instructions.
Or
(b) On 31-3~2023 the cash hook of Govind showed a hank balance of Rs.85,OOO, comparison
of pasa book and cash book revealed the following; ,
(i) Cheques deposited but not cleared by 31"3-2023 Rs.lO,OOO.
(ii) Interest on investments .collectedby the baDkon behalf of Govind but not
recorded in cash book Rs.1,850
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.(iii) Cheques for Rs.2U,OOO were issued during the month of March. But of these.
cheques for Rs12;000were presented in the month ofApri12023.
II (iv) The bank paid insurance premium of Rs.600 as pet Govinds" standing
III instructions. This has not been entered in cash book.
Iii (v) A customer deposited Rs.150 directly into the bank. This entered only in pass
I book.
II
(vi) Bank ch!U'ges debited in pass book not recorded in cash book Rs.50.
(vii) A debit of Rs.400. in respect of dishonored appears in pass book but not in cas1l'
book.
Prepare bank reconciliation sta~ment as on 31-3-2023.
UNIT 7 V
13. (a) From the fo1.lowing trial balance as on 31-12-2023, prepare trading and profit and loss.
account and balance sheet.
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i1! Debit balances Rs. Creditbalances " Re.
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Opening stock
Salaries
32,400 Purchases returns
3,500 Sales
1,000
40;000 .
!
'" FUrniture 7,000 Commission received 5,500
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Debit palances Rs. Credit ba11lnces Rs;
Purchases 24,000 S~ndry creditors 3,500
Sales returns 2,000' Mortgage loan 10,000
Travellingexp.enses 4,700 Capital 50,000
- . Bl,lildings 10,000
Wages 5,000
Water and gas 3,000
. Carriage inwards 1,600
Sundry. debtors 8,000
Discount 1,800
Bank Ale 5,000
Sun~-expenses 2,000
1,10,000 1,10,000
Adjustments.
(i) The closing stock was Rs.39,OOO
(ti) Outstanding salaries were Rs.500
(ill) Depreciate buildings at 10%
(iv) Prepaid water and gas bill for- Rs.800.
Or
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(b) Prepare trading account, profit and loss account and balance sheet as on 31-12-2023 j
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Debit balances Ri. Credit balances Rs.
.Drawings 22,000 Capital 1,50,000
Buildings 1,00,000 BankQverdraft 60,000
Furniture 50,000 Sales 6,00,000
Motor van 1,4,0,000 Commission 9,000
Interest 3,000 . Creditors - 20,000 .
Purchases- 4,OO~000 Interest .6,000
Opening stock 50,obo Loan .1,00,000
Establishment expenses 34,000
Wages 4,000
Insurance '2,000
-·Debt9rs 1,00,000
Bank Alc 30,000
Cash in hand 10,000
9,45,000 .9,45,000
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Adjustments; .
(i) Closing stock value as on 31-12~Z023 was Rs.70,OOO
. (ii) Outstanding wages were<Rs.2,OOO
(iii) Prepaid insurance is Rs~ 1;.000
(iv) Charge interest on capital at 10% p.a.
(v) Depreciation: Buildings 5%, Furniture and Motor van 10%.
6 (220SFIAMJ23) .
