SECTION A
1. a) What are the different types of accounts? Give the rules the debit and credit. (OR)
b) What are subsidiary books?
2. a) journalize the following transaction in the books of Anand of Coimbatore 1991:
oct 1 commenced business with Rs.50,000
oct 3 purchased goods for cash Rs.10,000
oct 5 paid freight Rs.50
oct 8 Withdrew Cash from bank Rs.2000
oct 10 Sold goods to Sathish for Rs. 15,000. (OR)
b) a) journalize the following transaction in the books of Arun for the year 2000:
Apr 1 commenced business with Rs.8750
Apr 3 purchased goods for cash Rs.2300
Apr 6 Sold goods for cash Rs. 5000
Apr 8 Received Commission Rs. 230
Apr10 Cash Deposit to bank Rs. 2000.
3. a) Enter the following transaction in the journal and ledger of Hans Raj of Chennai 1997
Mar 1 purchased goods for cash Rs.20000
Mar 7 Sold goods for cash Rs. 7000
Mar 10Drawings Rs.1000
Mar 12Cash Deposit to bank Rs. 500 (OR)
b) Enter the following transaction in the journal and ledger of Kumar & co of Madurai 2001
Jul 1 purchased goods from Anand Rs.12000
jul 2 sold goods to arun for Rs. 200
jul 3 withdraw Rs. 1500
jul 4 Rent paid by Cheque Rs. 400.
4. a) Enter the following transaction in the Simple cash book
Jan 1 Cash balance Rs. 16,000
Jan 4 purchased goods for cash Rs. 10,000
Jan 8 Sold goods for cash Rs. 200
Jan 10 Received cash from X Rs. 720
Jan 12 Paid into bank Rs. 6,000
Jan 14 Paid for Stationery Rs. 250
Jan 16 Paid for Rent Rs. 450 (OR)
b) Raji maintains a two column Cash book which she balances every week.
Nov 1 Cash balance Rs. 6,900
Nov 3 Paid cash to kali Rs. 1,428
Discount received Rs. 72
Nov 4 Paid salaries Rs. 5,025
Nov 5 Cash sales Rs. 11,370
Nov 6 with drew cash for private
Expenses Rs. 1,020
Nov 6 Received cash from Railway
Authority Rs. 4,380
Nov 7 Received Cash from X Rs.3,975
Allowed him Discount Rs.75.
5. a) Enter the following transaction in the Purchase book and Sales book of MUthu.
Jun 1 Purchased goods from balu Rs. 30,000
Jun 3 Sold goods to samy Rs. 15,000
Jun 4 Bought goods from Gobi Rs. 13,500
Jun 12 Sold goodsto Shan Rs. 10,500
Jun 19 Sold goodsto Jaya Rs. 750
Jun 21 Bought goods from raji Rs. 9,000
Jun 30 Sold goods to kavin Rs. 900.
(OR)
b) Enter the following transaction in the Purchase return book of Mr.Saravanan.
Sep 1 Returned goods to Raja Rs.1,000
Sep 3 Returned goods to Ramesh Rs. 900
Sep 5 Returned goods to Rahul Rs. 1,400
Sep 7 Returned goods to Eesan Rs. 1,675
Sep 8 Returned goods to Aakash Rs. 6500
SECTION B
6. a) Briefly explain the basic Accounting Concepts and Conventions. (OR)
b) Journalize the following transactions:
1. Purchased goods for cash Rs. 10,000
2. Purchased stationery for cash Rs.500
3. Purchased Furniture for cash Rs.3,000
4. Sold goods for cash Rs. 8,000
5. Sold goods to Sathees for cash Rs. 3,000
6. Sold goods to Sathees Rs. 2000
7. Paid rent Rs. 800
8. Paid Salary Rs. 8,000
9. Paid Freight Rs. 300
10. Received Commission Rs. 540
11. Received Interest RS. 600
12. Received Bonus Rs.1000
7. a) Enter the following transaction in the journal and ledger of Pandiyan & co of Salem
2010.
Apr 1 Sold goods to Karthi Rs. 6,000
3 Cash received from karthi Rs.5,800
and allowed him Discount Rs. 200
18 Karthi purchased goods Rs. 8,000
30 REceived cash from karthi Rs. 4,500
May 1 balance from last month Rs.3,500
12 Sold goods to Karthi Rs. 12,000
22 Received cash from karthi Rs. 4,850
and allowed him Discount Rs. 150
31 Received cash in full settlement Rs.10,250.
(OR)
b) Explain Different kinds of 'CashBook' and their Specific Uses.
8. a) Prepare Purchase Return Book and Sales Return Book from the following Data:
1987 Rs.
AUG 1purchased goods returned to Suresh 205
3 Received goods returned by vignesh 300
4 Goods returned to kalidass 500
5 Sales returns of rs.1260 by mani
6 Returned goods to Raja 1280
11 Damaged goods returned by Muthu 1120
16 Outward returns to kanagasabai 275
17 Inward returns by samy 750
23 Returned goods to sanker 890
31 Selvan returned goods to us 1330. (OR)
b) The following balances are extracted from the ledger of Rahul engineering works on 31 st
March 1997. You are required to prepare a Trial balance as on that date in proper form.
Rs. Rs.
Drawings 6,000 Salaries 9,500
Capital 24,000 Sales returns 1,000
Sundry Creditors 43, 000 Purchase returns 1,100
Bills payable 4,000 Traveling Expenses 4,600
Sundry Debtors 50,000 Commission paid 100
Bills REceivable 5,200 Trading Expenses 2,500
Loan from Karthick 10,000 Discount EArned 4,000
Furiture & Fixtures 4,500 REnt 2,000
Opening Stock 47,000 Bank over draft 6,000
Cash in hand 900 Purchases 70, 800
Cash at Bank 12, 500
Tax 3,500
Sales 1, 28, 000
9. a) Enter the following transaction in Anand's Cash Book with Double Columns:
1999 Rs.
Jan 1 Cash balance 18,500
Jan 3 Cash Sales 33,000
Jan 7 Paid David 15,850
Discount allowed by him 150
Jan 13 Sold goods to Manohar on Credit 19,200
Jan 15 CAshwithdrawn for personal expenses 2,400
Jan 16 Purchased goods from charles on credit 14,300
Jan 22 Paid into Bank 22,750
Jan 25 Cash received from maohar 19,000
Allowed him Discount 200
Jan 26 Drew a cheque for office use 17,500
Jan 27 Paid Cash to Saravanan 2,950
Discount received from him 50
Jan 28 Paid Cash to Charles Less Discount 14,200
Jan 29 Cash Purchases 13,500
Jan 30 Paid for Advertising 600
Jan 31 Paid Salaries 12,000. (OR)
b) Enter the following Transaction in a three column cash book.
1996 Rs.
Dec 1 Cash in hand 410
Cash at bank 8,920
Dec 2 Cash Sales 4,500
Dec 3 Paid into bank 4,000
Dec 4 Purchased Machinery 100
Dec 5 Paid Mahesh by cheque 280
Discount received 20
Dec 7 Gave a cheque for Cash purchases 1,500
Dec 12 Drew for personaluse 500
Dec 15 Received from Suresh,a cheque for Rs.1970 in full settlement of account for
Rs.2,000 and deposited it in Bank.
Dec 20 Drew From Bank 1,000
Dec 21 Paid Wages 800
DEc 25 bamk retured cheque of suresh dishonoured
Dec 31 Bank charges as per pass book 10.
10. a) The following in the Trial balace of Murugan of virudhunagar as on 31st December 1996.
DEBIT BALANCES Rs. CREDIT BALANCES Rs.
Openingstock 6,200 Sales 82,920
Buildings 34,000 Capital 24,000
Furniture 2,000 Bank loan 6,000
Purchases 42,400 Creditors 9,840
Salaries 4,400 Return outwards 840
Rent 1,200 Interest 260
Miscellaneous Expenses 1,000 Dividend 220
Postage 560
Stationery 520
Wages 10,400
Freight on Purchases 1,120
Carriage on Sales 1,600
Repairs 1,800
Sundry Debtors 12,000
Bad Debts 240
Cash in Hand 2,600
Return inwards 1,120
------------------------- ------------------------
1,24,080 1,24,080
------------------------- -----------------------(OR)
b) From the following balances od Arun, prepare a Trading A/C, Profit & Loss A/C and Balance
sheet as at 31 st December 1995.
DEBIT BALANCES Rs. CREDIT BALANCES Rs.
DEbtors 7,770 Capital 72,000
Salaries 8,000 Creditors 17,440
Discount 2,000 Bills Payable 5,054
postage 546 Sales 1,56,364
Bad DEbts 574 Loan 24,000
Interest 2,590
Insurance 834
Machinery 20,000
Stock(1-1-95) 19,890
Purchases 1, 24, 184
Wages 8,600
Buildings 47,560
Furniture 32,310
value of goods on hand 28,600
on 31-12-1995
