Aptitude Test - Accounts Executive

Banking, Financial & HR Services
ACCOUNT- AGE Infotech Pvt.Ltd

ISO 9001:2008 Certified Company
Training Placement Recruitment Consulting
(Regd under Companies Act 1956, Ministry of Corporate Affairs. Govt Of India)
Rashtriya Udhyog Rattan Award Winner

Corporate office: U -87,First Floor,Shakarpur, Near Gurdwara,Laxmi Nagar Metro Station
(Backside of Gate 2), Main Vikas Marg DELHI -110092,
PRE-RECRUITMENT APTITUDE TEST -2011

TEST PAPER : FINANCE & ACCOUNTS
Name of the
Candidate
Educational
Qualification
Professional
Qualification
Address for
Correspondence
Total
Marks
100
Q- 1/20
Q- 2/20
Q- 3/20
Phone Number
Mobile No
Phone Number
Mobile No.
Freshers/
Experience
Q- 4/20
Q- 5/20
TOTAL
FOR OFFICE USE
Applicant /Selected / Rejected .

REMARKS
DATED ..
SIGNATURE OF CANDIDATE
Marks
Obtained
ACCOUNT- AGE Infotech Pvt.Ltd

ISO 9001:2008 Certified Company
Training Placement Recruitment Consulting
TEST PAPER : FINANCE & ACCOUNTS
Duration: 2 Hrs
Total Marks : 100
1-Attempt all 5 questions. Question Sr no 1 - 3 (Theoretical )
2- Question No 4 & 5 is compulsory in Tally ERP- 9 (Practical)
3- Do write the Answers in the blank space given in each question (Sr 1-3 only)
Question 1: Pass the necessary journal Entries of the following transactions

Marks: 20
F
DrGroup.
CrGroup.
-Deposited into S.B.I A/c
800
DrGroup.
CrGroup.
FDR issued by the Bank

against SBI Ch:237987
500
DrGroup.
CrGroup.
-Received Cash from

Ashok kumar Against Bill
No:98
790
F
F
F
F
DrGroup.
CrGroup.
DrGroup.
CrGroup.
DrGroup.
CrGroup.
-Discount allowed to A
-Purchased Furniture for
cash from M/s Bharat
Furniture Bill -9860
-Paid to B by
SBI Ch:297003
10
750
745
5
DrGroup.
CrGroup.
DrGroup
CrGroup..
-Received discount
-Received from C by Draft
and deposited into SBI a/c
500
DrGroup.
CrGroup.
-Credit Sales to M/s Harish

& Co. against bill no 12
785
DrGroup.
CrGroup.
-Cash Deposited into Car

Loan a/c
DrGroup.
CrGroup.
-Purchased a Maruti Car

from Maruti Udhyog by SBI
cheque No:297004
DrGroup.
CrGroup.
-Paid SBI Ch: 297005

to D against Bill no 675
F
F
1,900
6,140
647
DrGroup.
CrGroup.
Discount Received
DrGroup.
CrGroup.
Withdraw Cash From the

PNB A/C for Personal Use
DrGroup.
CrGroup.
Withdrew from SBI-CA298

for office use against Ch
no:297006
250
DrGroup.
CrGroup.
Purchased Laptop for

Credit from M/s Dabar & co
350
DrGroup.
CrGroup.
Paid Salary to Mr Harish

through SBI CA-298
450
DrGroup.
CrGroup.
DrGroup.
DrGroup.
CrGroup.
Discounted a Cheque of Mr
Dinesh Kumar @ Rs 10/per thousand and
Deposited into PNB A/c
Received from Amar Singh
a Cheque of Rs 1250/deposited in PNB,
But next day return by the
PNB due to the reason
Refer to Drawer
Received a PNB Cheque
from Sohan Lal & Endosed
in favour of Mohan Lal
Paid a cheque to Ram Saran
for cash purchase of
Furniture for office use.
DrGroup.
CrGroup.
F
DrGroup.
CrGroup.
DrGroup.
CrGroup.
10
Question : 2
Please Tick Mark the Correct answer ( True /False)
- Return Inward a/c Dr
True /False
To Purchase a/c
-Party a/c Dr
True /False
- Bank a/c Dr
True /False
To Sales a/c
True /False
To Bank a/c
-Purchase a/c-Dr
To Return Outward
To Supplier a/c
-Mahesh a/c-Dr
To Credit Sales
To Return Inward
-Dinesh A/c Dr
-Bank Charges-Dr
To PNB
-Drawing a/c-Dr
To SBI A/C
True /False
To Purchase a/c
To Return Outward a/c

- Party a/c Dr
- Party a/c Dr
Marks: 20
- Cash a/c Dr
True /False
To Dividand a/c
True /False
True /False
True /False
True /False
-Mahesh a/c-Dr
To Credit Sales
To Return Inward
-SBI A/c Dr
-Bank Charges-Dr
To Mahesh
-SBI A/c Dr
- To FDR
-To Interest a/c
- PNB A/c Dr
- To Car
-To Interest a/c
True /False
True /False
True /False
True /False
375
4000
50
2000
1575
-Car Loan a/c

To Cash Credit A/c
True /False
-Fixed Deposit Dr
To Car Loan a/c
True /False
Fixed Assets Dr
To Depreciation a/c
True /False
-Car Loan Dr
To FDR a/c
True /False
Divicend Recd a/c Dr

To Bank a/c
True /False
FDR A/C Cr
To Interest
To PNB A/C
True /False
Loss of Assets Dr
To Capital a/c
True /False
True /False
Sales of Assets Dr
To PNB A/c
True /False
Loss of Cash due

to Theft a/c Dr
To Bank a/c
Purchase a/c Dr
To Vat out put a/c
To Mahesh a/c
Car a/c-Dr
To Depreciation a/c
To Cash
Life Insurance Policy a/c-Dr
To PNB A/c
True /False
Purchase A/c-Dr
To Return Inward
True /False
True /False
Manish a/c Dr
To Purchase a/c
True /False
Life Insurance Policy a/c-Dr

To PNB A/c
True /False
Manish a/c Dr
To Purchase a/c
True /False
Prepaid a/c Dr
To Rent A/c
True /False
Cash Credit Dr
To Saving a/c
True /False
Saving Bank A/C-Dr

To Current a/c
True /False
True /False
Saving Bank A/C-Dr

To CASH a/c
True /False
Rent A/c Dr
To outstanding
Rent A/c
Rent A/c Dr
To Fixed Deposit
Cash A/C-Dr
To Salary a/c
True /False
Fixed Deposit Dr
Cash Credit a/c
True /False
Pre-Paid Salary a/c-Dr

To Salary A/C
True /False
Rent a/c Dr
To Pre-paid A/c
True /False
Question : 3 Fill in the blanks
True /False
True /False
Marks: 10
Part A
1-Out Standing Wages appears in the
2-Patent & Trade Marks are ..
3-Pre-Paid Salary comes in the ..
4-Return Inwards debited to
5-Return outward debited to
6-Fixed Deposit Receipts a/c comes under the head ..
7-Interest on FDR comes in the
8-Interest on Over Draft comes in the
9-Cash in Hand is.
10-Bank Over draft is..
Part B
Write down the 10 Adjustment Entries for the following
Marks: 10
1-Discount paid to Debtors a/c

Dr Cr..
2-Discount Received from Creditors a/c

Dr Cr..
3-Pre-Paid Expenses a/c

Dr Cr..
4-Out standing Expenses a/c

Dr Cr..
5-Interest received on Saving Bank a/c

Dr Cr
6-Interest Received on FDR A/C + Interest on FDR

Dr CrCr..
7-Interest on Additional Capital a/c
Dr Cr..
8-Interest on Bank OD a/c
Dr Cr..
9-Depreciation on Furniture a/c
Dr Cr..
10-Loss of cash of Mr Sahni (Accountant) in the office due to Theft
Dr Cr..
Question : 4
Marks: 10
PRACTICAL (1)
Calculate the VAT Value Added Tax
(Through TALLY ERP 9)
Name of item
Under
Rate per litre
Refined Ghee - 4%
5 Kg
@50/-
Mustard oil 12.5%
5 Kg
@80/-
Refined Ghee - 4%
10 KG
@50/-
Mustard oil 12.5%
10 KG
@80/-
Refined Ghee - 4%
12 KG
@55/-
Mustard oil 12.5%
14 KG
@85/-
Opening balance of
PURCHASE FROM ABC & CO
SALE TO KBC & CO
AT DISCOUNT OF 2 %
( ANSWER VAT PAYABLE : Rs 51.65)
PRACTICAL (2)
Calculate the TDS -Tax Deducted at Source
Marks: 5
Gupta Associates a Chartered Accountant Firm took a Audit Work in the Financial
Year 2010-11 of an Manufacturing company named M/S Birla Cement Ltd Delhi
As per details as below
Professional Service Charges
I.Tax
Surcharge
Edu.cess
Sec Higher Edu Cess
Rs 25,000/- (Pan card holder)
@ 10%
@ 0%
@ 0%
@ 0%
2,500/Nil/Nil/Nil/-
-------------------------Net TDS
2500/-
PRACTICAL (3)
Calculate the Service Tax
Marks: 5
M/s Johra Tour & Travels Delhi, raised an Invoice No 6754 of Rs 20,000/-as
Ticketing charges from Delhi to Pune from Mr Gagandeep singh Ranotra
as service charges as per chart below as Rs 2060/- ( Total Rs 22060/-) for
his ticket booking from Delhi to Pune.
Tour & Travel Services charges : 20,000/Service Tax @ 10%
Edu.Cess
2000/-
@2%
40/-
Higher Edu. Cess @1%

Total amount
20/22060/-
Question : 5
Marks: 20
From the following balances, and the under mentioned particulars you are required to
make out a Trading and Profit and Loss Account for the year ended 31st March, 2011
and a Balance Sheet as on date.
Rs.
Rs.
Trade Creditors
35,780
Discount Received
5,800
Bills Payable
18,700
Bills Receivable
5,360
Law Charges
420
General Expenses
PNB Saving Bank-a/c
7,580
18,980
Capital Account
A-Ramesh Kumar
Purchases
Stock (1.4.2010)
63,900
Trade Debtors
63,220
Carriage Inwards
1,00,000
1,17,200
3,580
B-Mahesh Kumar
69,200
Lease hold premises
40,000
Returns Inwards
28,600
Housing Loan a/c
40,000
Salaries
15,700
Returns Outwards
16,200
Sales
2,200
FDR
2,600
400
Rent
11,200
Plant and Machinery
59,000
39,940
Lap Top
30,000
30,000
Commission
Interest
on
Saving
1,98,400
Bank a/c
Cash in hand
Discount allowed
Wages
8,600
(Manufacturing)
Bank Over Draft
1500
Received
Travelling allowance
Mr Sahil Loan (Dr )
500
2000
Printing & Stationery
1000
Security received
2000
(against Rented
house)
Carriage on Sales
500
Scooter Expenses
2600
Rent Received
Car Loan a/c
500
2600
The following additional information is available,Kindly made the following

adjustment Entries as on 31-3-2011
1-Bad Debts estimated at Rs. 2,910; & Discount on debtors @ 3%
2-Discount on creditors 2%;
3-Interest on Housing loan Rs. 1,600;
4-depreciation on plant and machinery 10%;
5-Allow interest on Capital of Mr Ramesh Kumar @ 5% P.A.
6-Rs. 150 is due for wages , Paid Rent in Advance Rs 50/7- Interest Rs. 210 is to be received on Fixed deposits(FD)
8- Interest on Bank Overdraft Rs. 300 is to be paid.
9-Commission Received in advance Rs 100
10-Salary of Rs. 2,000 paid to Mr. Sahil, wrongly debited to his personal a/c
11- Scooter is used for business as well as for private purposes equally
st
12-Stock in hand at 31 March, 2011 was Rs. 93,840
.............................................................................................................................

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Banking, Financial & HR Services

ACCOUNT- AGE Infotech Pvt.Ltd

Rashtriya Udhyog Rattan Award Winner

PRE-RECRUITMENT APTITUDE TEST -2011

Applicant /Selected / Rejected .

ACCOUNT- AGE Infotech Pvt.Ltd

Question 1: Pass the necessary journal Entries of the following transactions

-Deposited into S.B.I A/c

FDR issued by the Bank

-Received Cash from

-Credit Sales to M/s Harish

-Cash Deposited into Car

-Purchased a Maruti Car

-Paid SBI Ch: 297005

Withdraw Cash From the

Withdrew from SBI-CA298

Purchased Laptop for

Paid Salary to Mr Harish

To Return Outward a/c

-Car Loan a/c

Divicend Recd a/c Dr

Loss of Cash due

Life Insurance Policy a/c-Dr

Saving Bank A/C-Dr

Saving Bank A/C-Dr

Pre-Paid Salary a/c-Dr

Question : 3 Fill in the blanks

1-Discount paid to Debtors a/c

2-Discount Received from Creditors a/c

3-Pre-Paid Expenses a/c

4-Out standing Expenses a/c

5-Interest received on Saving Bank a/c

6-Interest Received on FDR A/C + Interest on FDR

Rate per litre

Mustard oil 12.5%

Mustard oil 12.5%

Mustard oil 12.5%

PURCHASE FROM ABC & CO

SALE TO KBC & CO

( ANSWER VAT PAYABLE : Rs 51.65)

Rs 25,000/- (Pan card holder)

Higher Edu. Cess @1%

Lease hold premises

Housing Loan a/c

Plant and Machinery

Mr Sahil Loan (Dr )

Printing & Stationery

The following additional information is available,Kindly made the following

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