Group B

2. Define Accounting? What are the objectives of accounting?

3. Differentiate between shares and debentures?

4. Consider the following transaction of a December month are given below: Dec. 1. Cash in hand Rs. 10,000 and at bank Rs. 20,000.

5. Cash paid to supplier Rs. 5,000. 13. Cash receipt from customer through bank Rs. 8,000. 19. Interest collected by the bank Rs. 2,000. 22. Sold goods for cash Rs. 15,000. 26. Deposited Rs. 5,000 into the bank 30. Salary expenses paid through cheque Rs. 4,000 Required: Cash book with bank and cash column 5. ABC company purchased first machine on 1st January, 2015 for Rs. 10,000. On 1st July in the same year another machine was purchased costing Rs. 5,000. The first machine purchased on 1st January 2015 having become obsolete, was sold off for Rs. 4,000 on 1st July 2016. On the 1st July 2017, a new machine was purchased for Rs. 12,000 and the second machine purchased on 1st July on 2015 was sold at Rs. 4,200 on the same date. Depreciation is to be provided at 10% per annum on straight line method every year. Required: Machinery account for the first three years.

6. The following material transactions of a manufacturing company is provided to you: 2018, December, 1, Opening stock of raw material 500 units @ Rs. 1 each 2018, December, 5, Purchased 300 units @ Rs. 1.20 each. 2018, December, 9, Issued 500 units. 2018, December, 14, Purchased 400 units @ Rs. 1.25 2018, December, 18, Issued 500 units 2018, December, 22, Purchased 300 units @ Rs. 1.40 2018, December, 25, Issued 300 units 2018 December, 30, Loss of material 20 units Required: Store ledger under FIFO method

7. The balance as per cash book is Rs. 10,000 on the 1st Chaitra 2079. The following transactions were found disagree with pass book. * Cheque issued but not presented for payment Rs 1000 * Cheque paid into bank but not yet credited by bank Rs 1500 * Bank charges made by bank not yet entered in cash book Rs 150 * Insurance premium directly paid by bank but not entered in cash book Rs 350 * Dividend directly collected by bank but not recorded in cash book Rs 1200 Required: Bank reconciliation statement as on 31st Chaitra 2079.

8. Brothers company issued 3000 shares of Rs. 100 payables as below: On application Rs 50, On allotment Rs 20, On final call Rs 30. The money was collected as below: * The holder of 100 shares paid the final call money with allotment. * The holder of 400 shares fail to pay final call. * Other shareholders paid their money when required by the company. Required: Journal entries.

Group C

9. You are given following transactions of Pratyush Suppliers: a. Started business with cash Rs. 5,00,000 and equipment Rs. 7,50,000 b. Purchased goods Rs. 25,000 on account and made partial payment Rs. 10,000 c. Paid insurance for the year Rs. 6,000 d. Sold goods on account for Rs. 30,000 and received as partially Rs. 20,000 e. Paid rent Rs. 4,800 and travelling expenses Rs. 2,800 f. Sold goods on cash Rs. 55,000 g. Purchased good on credit Rs. 21,000 h. Cash paid to Accounts payable Rs. 90,000 in full settlement of Rs. 92,000 i. Cash withdraw from bank Rs. 40,000 for office use j. Paid assistant's salary Rs. 12,000 k. Goods costing Rs. 12,000 lost by fire and the insurance company admits full claim l. Bought furniture from S.S. furniture Udhyog on credit for Rs. 30,000 Required: a. Journal Entries b. Sales Account and Account Payable account

10. The following is the Trail Balance of a Trading concern for the year ended Ashadh 31, 2079. Additional Information: i. Closing stock Rs. 3,75,000 ii. Bad debts Rs. 2,000 iii. Provide reserve for bad debts 5% of debtors iv. Advance for salaries Rs. 5,000 v. Outstanding wages Rs. 2,000 vi. Depreciation furniture at 5% p.a. Required: a) Trading Account b) Profit and loss account c) Balance sheet

11. Defined Company and Explain its Features, what are the different between private and public company?

2024 Pre-Board Question Paper

2024 Pre-Board Question Paper