APRIL 2016 60767/AJEEB

Time : Three hours Maximum : 75 marks

SECTION A — (10 × 2 = 20 marks)

Answer any TEN questions.

1. Define Accounting.

PnUQ¯À & Áøμ¯Ö.

2. What are the Accounting Conventions?

PnUQ¯¼ß ©μ¦PÒ ¯õøÁ?

3. What is Double Entry System?

Cμmøh¨ £vÄ •øÓ GßÓõÀ GßÚ?

4. Write a note on ‘Trial Balance’?

‘C¸¨£õ´Ä’ £ØÔ SÔ¨¦ u¸P.

5. How would you value closing stock?

CÖva \μUQ¸¨ø£ GÆÁõÖ ©v¨¤kÁõ´?

6. What is a balance sheet?

C¸¨¦{ø»U SÔ¨¦ GßÓõÀ GßÚ?

7. What are the differences between trading account and profit and
loss account?

¯õ£õμU PnUQØS® C»õ£ |mhU PnUQØS® EÒÍ ÷ÁÖ£õkPÒ

¯õøÁ?

8. What is the purpose of preparing the final accounts?

CÖvU PnUSPÒ GuØPõP u¯õ›UP¨£kQßÓÚ?

9. Explain ‘Depreciation’.

÷u´©õÚ® & ÂÍUSP.

10. State the methods of calculating depreciation.

÷u´©õÚzøuU PnUQkÁuØPõÚ •øÓPøÍ TÖP.

11. What is a transaction?

|hÁiUøP GßÓõÀ GßÚ?

12. What are closing entries?

CÖv¨ £vÄPÒ ¯õøÁ?

SECTION B — (5 × 5 = 25 marks)

Answer any FIVE questions.

13. What are the objectives of double entry system?

Cμmøh¨ £vÄ •øÓ°ß ÷|õUP[PÒ ¯õøÁ?

14. From the following figures, prepare the trading account of

AH Ltd, for the year ended 31st December 2008.
Rs. Rs.
Opening stock (Jan 1, 2008) 3,000 Factory rent 750
Goods purchased (Dec 31, 08) 15,000 Goods sold 30,000
Wages paid 1,500 Purchase returns 1,500
Fuel 1,500 Sales returns 3,000
Power 750 Foreman’s salary 2,250
Carriage inwards 2,250 Closing stock 7,500
R÷Ç öPõkUP¨£mh 31 i\®£º 2008 B® BsiØPõÚ AH Ltd &ß
¯õ£õμU PnUQøÚ u¯õº ö\´P.
¹. ¹.
öuõhUP \μUQ¸¨¦ 3,000 öuõÈØ\õø» ÁõhøP 750
(áÚÁ› 1, 2008) \μUS ÂØÓx 30,000
öPõÒ•uÀ ö\´¯¨£mhx 15,000 öPõÒ•uÀ v¸¨£® 1,500
( i\®£º 31, 2008) ÂØ£øÚ v¸¨£® 3,000
T¼ öPõkUP¨£mhx 1,500 £o¯õͺ v¸¨£® 2,250
G›ö£õ¸Ò 1,500 CÖv \μUQ¸¨¦ 7,500
\Uv 750
EÒyUS T¼ 2,250

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15. From the following balances prepare trading and profit and loss
a/c for the year ending 31.12.2006.
Debit Rs. Credit Rs.
Salaries 5,500 Creditors 9,500
Rent 1,300 Sales 32,000
Cash 1,000 Capital 30,000
Debtors 40,000 Loans 10,000
Sundry expenses 600
Purchase 25,000
Buildings 2,500
Bank balances 5,600
81,500 81,500
Adjustment :
(a) Closing stock Rs.900.
(b) Salary oustanding Rs.1,100
(c) Rent paid in advance Rs.100
(d) Provide 5% for doubtful debt against debtors.
R÷Ç öPõkUP¨£mkÒÍ ÂÁμ[PøÍU öPõsk 31.12.2006&B®
BsiØPõÚ Â¯õ£õμ, C»õ£ |mhU PnUQøÚ u¯õº ö\´P.
£ØÖ ¹. ÁμÄ ¹.
\®£Í® 5,500 PhÜ¢÷uõº 9,500
ÁõhøP 1,300 ÂØ£øÚ 32,000
öμõUP® 1,000 •uÀ 30,000
PhÚõÎPÒ 40,000 Phß 10,000
£Ø£» ö\»ÄPÒ 600
öPõÒ•uÀ 25,000
Pmih® 2,500
Á[QÁ\ öμõUP® 5,600
81,500 81,500
Cuμ ÂÁμ[PÒ :
(A) CÖv \μUQ¸¨¦ ¹.900.
(B) \®£Í® öPõkUP¨£h ÷Ási¯x ¹.1,100.
(C) •ßTmi ö\¾zv¯ ÁõhøP ¹.100
(D) PhÚõÎPÐUS GvμõP Áõμõ I¯UPhß 5% ÁÇ[Q¯x.
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16. Mrs. Vikram & Co., purchased a plant for Rs.5,00,000
depreciation is to be provided annually according to the straight
line method. The useful life of the plant is 10 years and the
residual value is Rs.50,000. Find out the rate of depreciation.
v¸ÁõͺPÒ ÂUμ® Asm ÷Põ ¹.5,00,000 ©v¨¦ÒÍ ö£õÔ ÁøP
JßÖ Áõ[Q¯x. Aaö\õzvß «x Bsk÷uõÖ® ÷|º÷Põmk
•øÓ°À ÷u´©õÚ® AÝ©vzux. A¨ö£õÔ ÁøP°ß £¯ÚÎUS®
Põ»® 10 Á¸h[PÒ £¯ÚØÓ {ø»°À Auß CÖv ©v¨¦ ¹.50,000
GÛÀ ÷u´©õÚ® ÂQuzøu PnUQkP.

17. Calculate the missing information from the following :

Profit made during the year Rs.4,800
Capital at the end ?
Additional capital introduced during the year Rs.4,000
Drawings Rs.2,400
Capital in budgeting Rs.9,600.
R÷Ç öPõkUP¨£mh ÂÁμ[Pμ¸¢x Âk£mh öuõøPø¯U PõsP.
AÆÁõsk ö£ØÓ C»õ£® ¹.4,800
CÖv •uÀ ?
Bsiøh°À øÁUP¨£mh TkuÀ •uÀ ¹.4,000
Gkzux (Gk¨¦) ¹.2,400
öuõhUP •uÀ ¹.9,600.

18. X Ltd., issued 1000 shares of Rs.100 each. Pass journal entries
in the following cases :

(a) Shares are issued at par.

(b) Shares are issued at a premium of Rs.20.

(c) Shares are issued at a discount of Rs.10.

X GßÓ P®ö£Û 1000 £[SPøÍ ¹.100 Ãu® öÁΰmhx.

CuØPõÚ SÔ¨÷£miøÚ ¤ßÁ¸® ÂÁμ[PøÍU öPõsk u¯õº
ö\´P.

(A) £[SPøÍ •P©v¨¤À öÁΰkuÀ

(B) £[SPøÍ ¹.20 •øÚ©zvÀ öÁΰkuÀ

(C) £[SPøÍ ¹.10 uÒУi°À öÁΰkuÀ.

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19. Robert & Co., purchased a machinery on 1st April 2002 for
Rs.75,000. After having used it for three years it was sold for
Rs.35,000. Depreciation is to be provided every year at the rate
of 10% p.a. On diminishing balance method. Accounts are closed
on 31st March every year. Find out the profit or loss on sale of
machinery.
Cμõ£ºm Asm ÷Põ 1.4.02 AßÖ ¹.75,000 ©v¨¦ÒÍ C¯¢vμzøu
Áõ[Q¯x. ‰ßÖ BskPÒ £¯ß£kzv¯ ¤ß Ax ¹.35,000
ÂØP¨£mhx. BskUS 10% Ãu® SøÓ¢x ö\À C¸¨¦ •øÓ°À
÷u´©õÚ® }UP¨£h ÷Ásk®. PnU÷PkPÒ JÆöÁõ¸ Bsk®
©õºa 31&À •iUP¨ ö£ÖQßÓÚ. ÂØÓ C¯¢vμ® «uõÚ C»õ£®
AÀ»x |mh® PnUQkP.

SECTION C — (3 × 10 = 30 marks)

Answer any THREE questions.

20. Explain the various types of Accounting conventions.

PnUQ¯¼À ©μ¦PÎß ÁøPPøÍ ÂÍUSP.

21. The following balances were extracted from the ledger of Rahul
on 31st March 2003. You are registered to prepare a trial
balances as on that date in the proper form.

Rs. Rs.
Salaries 36,320 Purchase 1,44,670
Sales 1,73,500 Sundry debtors 1,430
Plant and Machinery 34,500 Travelling expenses 2,630
Commission paid 1,880 Carriage inward 240
Stock on (1.04.02) 11,100 Sundry creditors 14,260
Repairs 1,670 Capital (1.4.02) 62,500
Sundry expenses 460 Drawings 3,500
Returns inward 1,000 Cash at bank 1,090
Discount allowed 1,150 Returns outward 400
Rent and rates 3,220 Investment 6,000

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 μõSÀ GߣÁ›ß ÷£÷μmi¼¸¢x vμmh¨£mh R÷Ç u쨣mkÒÍ
C¸¨¦PøÍU öPõsk 2003 ©õºa 31& B® |õÐUS›¯
C¸¨£õ´øÁz u¯õ›UP.
¹. ¹.
Fv¯® 36,320 öPõÒ•uÀ 1,44,670
ÂØ£øÚ 1,73,500 £Ø£» PhÚõÎPÒ 1,430
ö£õÔ G¢vμ® 34,500 £¯naö\»Ä 2,630
PÈÄ ö\¾zv¯x 1,880 EÒ HØÔa ö\»Ä 240
\μUQ¸¨¦ (1.4.02) 11,100 £Ø£» PhÜ¢÷uõº 14,260
£Êx£õº¨¦ 1,670 •uÀ (1.4.02) 62,500
]À»øÓa ö\»ÄPÒ 460 Gk¨¦ 3,500
EÒv¸¨£® 1,000 Á[QÁ\ öμõUP® 1,090
uÒУi AÝ©vzux 1,150 öÁÎzv¸¨£® 400
ÁõhøP, Á›PÒ 3,220 •u½kPÒ 6,000

22. Mrs. Sankari started business with Rs.1,50,000 as capital as on

1.4.06. During the year she has withdrawn at the rate of
Rs.3,000 per month. She introduced Rs.40,000 as additional
capital. Her position on 31.3.2007 was as follows :
Rs.
Bank balance 15,000
Stock 85,000
Sundry debtors 75,000
Machinery 45,000
Cash in hand 20,000
Sundry creditors 30,000
Prepaid expenses 4,000

She keeps her books under single entry system. Find out her
profit or loss for the year 2006-2007.
v¸©v. \[P› AÁºPÒ 2006 H¨μÀ 1 AßÖ ¹.1,50,000 •u¾hß
öuõÈÀ öuõh[QÚõº. AÁº uÚx ö\õ¢u E£÷¯õPzvØPõP ©õu®
¹.3,000 Ãu® v¸®£ GkzxU öPõshõº. A¢{v¯õsiÀ AÁº
Cmh TkuÀ •uÀ ¹.40,000. 2007 ©õºa 31 AßÖ AÁμx {ø»
RÌUPshÁõÖ C¸¢ux.
¹.
Á[Q C¸¨¦ 15,000
\μUQ¸¨¦ 85,000
£Ø£» PhÚõÎPÒ 75,000
6 60767/AJEEB
 ¹.
C¯¢vμ® 45,000
øP°¸¨¦ öμõUP® 20,000
£Ø£» PhÜ¢÷uõº 30,000
•ßTmia ö\¾zv¯ ö\»ÄPÒ 4,000
AÁº uÚx HkPøÍ JØøÓ¨£vÄ •øÓ°À £μõ©›zx Á¸QÓõº.
2006&07 B® BsiØPõÚ AÁ¸øh¯ C»õ£® AÀ»x |mhzøuU
PõsP.

23. From the following Trial balance of M/s. Ram & Sons. Prepare
trading and profit and loss account for the year ending on
31st March 2002 and the balance sheet as on the date.
Trial balance as on 31st March 2002.
Particular Debit Credit
Rs. Rs.
Opening stock (1.4.01) 5,000 –
Purchase 16,750 –
Discount allowed 1,300 –
Wages 6,500 –
Sales – 30,000
Salaries 2,000 –
Travelling expenses 400 –
Commission 425 –
Carriage inward 275 –
Administration expenses 105 –
Trade expenses 600 –
Interest 250 –
Building 5,000 –
Furniture 200 –
Debtors 4,250 –
Creditors – 2,100
Capital – 13,000
Cash 2,045 –
Total 45,100 45,100
Stock on 31st March 2002 was Rs.6,000.

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 RÌUPõq® μõ® Asm \ßì {ÖÁÚzvß C¸¨£õ´Â¼¸¢x
2012, ©õºa 31&B® |õ÷Íõk •iÁøh²® BskUS›¯ ¯õ£õμ,
C»õ£ |mhU PnUøP²® A¢|õøͯ C¸¨¦{ø»U SÔ¨ø£²®
u¯õ›UP.
2002, ©õºa 31& B® |õøͯ C¸¨£õ´Ä
£ØÖ ÁμÄ
¹. ¹.
öuõhUP \μUQ¸¨¦ (1.4.01) 5,000 –
öPõÒ•uÀ 16,750 –
uÒУi AÎzux 1,300 –
T¼ 6,500 –
ÂØ£øÚ – 30,000
\®£Í® 2,000 –
÷£¸¢x ö\»Ä 400 –
PÈÄ 425 –
EÒyUS T¼ 275 –
{ºÁõPa ö\»Ä 105 –
¯õ£õμa ö\»Ä 600 –
Ámi 250 –
Pmih® 5,000 –
AøÓP»ß 200 –
PhÚõÎPÒ 4,250 –
PhÜ¢÷uõº – 2,100
•uÀ – 13,000
öμõUP® 2,045 –
ö©õzu® 45,100 45,100
31&©õºa 2002&UPõÚ \μUQ¸¨¦ ¹.6,000.
24. Aravinth and Brothers purchased a machinery for Rs.90,000 on
1st April 2001. They spent Rs.10,000 for installation charges. But
the machinery was brought into use from 1st October 2001. It
further purchased a machinery costing Rs.20,000. On 1st
January 2004. Accounts are closed 31st March every year.
Depreciation is to be provided at the rate of 10% p.a. On written
down value method.
Prepare machinery account and depreciation account for three years.
2001, H¨μÀ 1 AßÖ Aμ¢z Asm ¤μuºì ¹.90,000 ©v¨¦ÒÍ
C¯¢vμzøu Áõ[QÚõº. Aøu {ÖÄÁuØPõÚ ö\»ÄPÒ ¹.10,000.
A¢u C¯¢vμ® 2001 AU÷hõ£º 1, •uÀ £¯ß£kzu¨£mhx.
A¢{ÖÁÚ® 2004 áÚÁ› 1, AßÖ ¹.20,000 ©v¨¦ÒÍ ©ØöÓõ¸
C¯¢vμzøu Áõ[Q¯x. Bsk÷uõÖ® ©õºa 31&À PnUSPÒ
•iUP¨ ö£ÖQßÓÚ. Bsk÷uõÖ® ÷u´©õÚ® 10% SøÓ¢x ö\À
©v¨¦ •øÓ°À }UP¨£mhx.
C¯¢vμU PnUøP²®. ÷u´©õÚ® PnUøP²® ‰ßÖ BskPÐUS
u¯õ›UPÄ®.
—————————

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