(Faculty of Commerce) Accountancy & Business Statistics Financial Accounting

Roll No.
____________
B.Com. /B.Com (Hons) ABST (I)
B. Com. / B.Com. (Hons.) / Subsidiary First Semester (Main) Examination, Dec.- 2023
(Faculty of Commerce)
ACCOUNTANCY & BUSINESS STATISTICS
FIRST PAPER
Financial Accounting
Paper Code – 711101
Time Allowed: Three Hours Maximum Marks:54 (B.Com/Sub.)

90 (Hons)
No supplementary answer book will be given to any candidate. Hence the candidates should write the
answers precisely in the main answer book only.
fdlh Hkh ijh{kkFkhZ dks iwjd mÙkjiqfLRkdk ugha nh tk;sxhA vr% ijh{kkfFkZ;ksa dks pkfg;s fd os eq[; mÙkjiqfLRkdk esa gh leLr iz’uksa ds mÙkj fy[ksAa
(Attempt all five questions)
(lHkh ikWp iz’u djs)
Part I (Question no. 1& 2) is compulsory & Part II (Question no. 3, 4 & 5) has internal choice.
Hkkx I ( iz’u ua 1o 2) vfuok;Z gS rFkk Hkkx II (iz’u ua 3, 4 rFkk 5 ) esa vkUrfjd fodYi fn;k gqvk gSA
PART-I
1. Answer any 9 questions out of the following. 9X1=9(B.Com/Sub.)
fuEu esa ls fdUgha 9 iz’uksa ds mÙkj nhft;sA 9X2=18(Hons)
(Words limit upto 20 words each)
(izR;sd iz’u dk mRrj 20 ’kCnksa ls vf/kd u gks)a
a) State the meaning of self balancing system.
Lodh; larqyu i)fr ls vk'k; crkb;sA
b) Which items are not recorded in total debtors account?
dkSu lh ensa dqy nsunkj [kkrksa esa ugh fn[kk;h tkrh gS\
c) State two characteristics of incomplete records.
viw.kZ ys[kks dh nks fo'ks"krk,¡ crkb,A
d) State two reasons of keeping incomplete records.
viw.kZ ys[ks j[kus ds nks dkj.k crkb;sA
e) What is the meaning of Under Insurance?
U;wu chek ls D;k rkRi;Z gS\
f) What is the meaning of Insured Standing Charges?
chfer fLFkj O;; ls D;k vk'k; gS\
g) Which items are included in an inventory?
LdU/k esas fdu enksa dks 'kkfey fd;k tkrk gSa\
h) What is the meaning of Cost Inventory?
LdU/k dh ykxr dk D;k vFkZ gS\
i) What do you mean by hire purchaser?
fdjk;s Øsrk ls vki D;k le>rs gS\
j) Can a purchaser return the goods under hire purchase system?
fdjk;k Ø; i)fr esa D;k Øsrk eky y©sVk ldrh gSA
k) What is Installment Payment System?
fdLr Hkqxrku i)fr D;k gSA
l) What do you mean by 'Cash Price'?
^jksdM+h ewY;^ ls vkidk D;k vk'k; gSa \
P.T.O.
2. Answer any 6 questions out of the following:- 6X3 = 18 (B.Com/Sub.)
fuEu esa ls fdUgha 6 iz’uksa ds mÙkj nhft;sA 6x4=24(Hons)
(Word limit up to 50 words each)
(izR;sd iz’u dk mRrj 50 ’kCnksa ls vf/kd u gksa)
(a) Distinguish between Sectional Balancing System and Self Balancing System.
oxhZ; larqyu iz.kkyh ,oa Lodh; larqyu iz.kkyh esa varj dhft,A
(b) Give proforma of total creditors account.
dqy ysunkj [kkrksa dk izk:i nhft,A
(c) At the beginning of the year, assets are worth 1,50,000 and liabilities 1,20,000.
At the end of the year, the excess of assets over liabilities is 45,000. Compute the profit
for the year.
o"kZ ds izkjEHk esa # 1]50]000 dh lEifRr;k¡ ,oa # 1]20]000 ds nkf;Ro gSA o"kZ ds vUr esa lEifRr;ksa dk nkf;Roksa
ij vkf/kD; # 45]000 gksA o"kZ dk ykHk Kkr dhft,A
(d) What do you mean by Average Clause? Explain with example.
vkSlr okD;ka'k ls vki D;k le>rs gS? mnkgj.k }kjk le>kb;sA
(e) What is meant by 'Loss of Profit Policy'?
^^ykHk dh gkfu chek** ls D;k vk'k; gS\
(f) What is the difference between LIFO and FIFO methods?
yhQks o QhQks fof/k esa D;k vUrj gS?
(g) What are main characteristics of hire purchase?
fdjk;k Ø; dh eq[; fo'ks"krk,¡ D;k gS?
(h) Give any two points of difference between hire purchase sales and credit sales.
fdjk;k&Ø; foØ; ,oa m/kkj foØ; esa dksbZ nks vUrj crykb;sA
(i) What is the main difference between the Hire Purchase System and Installment Payment System?
fdjk;k Ø; i)fr ,oa fdLr Hkqxrku i)fr esa eq[; vUrj D;k gS\
PART-II
Note:- Attempt any three questions in all, selecting at least one question from each unit. Each question
consists of 9 marks for B.Com / Subsidiary and 16 marks for B.com (Hons.).
Unit I
st
3. On 1 April, 2022 the position of a retail merchant who has not kept full double entry records, stood
as follows:
Cash in hand 3,450, Cash at Bank Rs.55,370, Stock Rs.56,900, Sundry debtors Rs. 32,750, Furniture
Rs.2,100, Sundry Creditors 34,570. His position at the end of 31st March, 2023 was found to be as
under:
Cash in hand Rs. 4,500, Cash at Bank Rs. 24,300, Stock Rs. 46,800, Sundry debtors Rs. 46,200,
Furniture Rs. 2,500, Sundry Creditors Rs. 43,500.
During the year he had withdrawn from the business Rs. 65,000 of which Rs. 56,000 was spent in
purchasing a plant for the business. He brought additional capital of Rs. 30,000. From the above
particulars prepare a statement showing his trading profit for the year ended on 31st March, 2023.
1 vizSy 2022 dks ,d QqVdj O;kikjh dh fLFkfr] ftlus nksgjk ys[kk iz.kkyh ds vuqlkj iw.kZ ys[ksa ugh j[ks gS] bl izdkj Fkh%
jksdM+ # 3450] cSad esa tek # 55]370] LVkWd # 56]900] fofo/k nsunkj # 32]750] QuhZpkj # 2100] fofo/k ysunkj # 34]570]
31 ekpZ 2023 ds vUr esa mldh fLFkfr bl izdkj Fkh%
jksdM+ 'ks"k # 4]500] cSad esa tek # 24]300] LVkWd # 46]800] fofo/k nsunkj # 46]200] QuhZpj # 2500] fofo/k ysunkj
# 43]500-
o"kZ esa mlus O;kikj ls # 65]000 fudkysA ftlesa ls # 56]000 O;kikj ds fy, Iyk.V [kjhnus esa O;; fd;sA og # 30]000
vfrfjDr iw¡th ds :i esa Hkh yk;kA mijksDr fooj.k ls 31 ekpZ 2023 dks lekIr gksus okys o"kZ ds fy, ykHk dk fooj.k rS;kj
dhft,A
OR
What do you understand by Sectional Balancing of Ledger ? Explain its merits and demerits.
[kkrk cfg;ksa dh oxhZ; lUrqyu iz.kkyh ls vki D;k le>rs gS\ blds xq.k ,oa nks"k crykb;sAa
Unit II
4. The details of receipt and issues of a particular commodity in Suresh Ltd. are as follows:
lqj's k fyehVsM dh fdlh ,d lkexzh dh izkfIr ,oa fuxZeu dk fooj.k fuEu izdkj gS%
Receipts. Issues
Date Units Rate Date Units
3-1-2023 2,000 @# 10 4.1.2023 500
5-1-2023 3,000 @# 14 7.1.2023 2,000
10-1-2023 2,000 @# 15 15.1.2023 3,000
20-1-2023 3,000 @# 18 25.1.2023 2,500
You are required to calculate the value of the stock on 31st January, 2023 according to LIFO method, if
the company keeps continuous record for receipt and issue of materials.
vkidks ^vfUre vkxeu izFke fuxZeu* ds vk/kkj ij 31 tuojh] 2023 dks 'ks"k jgh bZdkb;ksa dk ewY; Kku djuk gS] ;g ekurs
gq, fd dEiuh izkfIr ,oa fuxZeu ds fy, fu;af=r fglkc j[krh gSA
OR
Write short notes on the following. 3+3+3=9(B.Com/Sub.)
laf{kIr fVIif.k;k¡ fyf[k;s% 5+5+6=16(Hons.)
(a) Indemnity Period ({kfriwfrZ vof/k)
(b) Loss of profit policy. (ykHk dh gkfu ikWfylh½
(c) Average clause. (vkSlr okD;)
Unit III
5. What journal entries are to be made in the books of the buyer under Installment payment system on the
basis of the following details?
fuEufyf[kr fooj.k ds vk/kkj ij fdLr Hkqxrku i)fr ds vUrxZr Øsrk dh iqLrdksa esa D;k tuyZ izfof"V;k¡ dh tkosxhA
Name of Purchaser: Ramesh

Name of seller: Mahesh
Date of Purchase: April 1, 2020
Cash Price: Rs. 1,04,700
Cash Down: Rs. 30,000
Installments: Three annual installment of Rs. 30,000 each
Rate of Interest: 10% per annum
Rate of Depreciation 15%
(on written down value)
OR
What is Hire Purchase System? Give its merits and demerits.
fdjk;k Ø; i)fr ls D;k vk'k; gS\ blds ykHk ,oa gkfu;ka crkb;sA
*****

(Faculty of Commerce) Accountancy & Business Statistics Financial Accounting

Uploaded by

Copyright:

Available Formats

(Faculty of Commerce) Accountancy & Business Statistics Financial Accounting

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

(Faculty of Commerce) Accountancy & Business Statistics Financial Accounting

Uploaded by

Copyright:

Available Formats

Roll No.

Time Allowed: Three Hours Maximum Marks:54 (B.Com/Sub.)

Name of Purchaser: Ramesh

You might also like

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.