Roll No.

jksy ua-
Code No.
Series SHC dksM ua- 201
Please check that this question paper contains 7 printed pages.
Code number given on the right hand side of the question paper should be written on the
title page of the answer-book by the candidate.
Please check that this question paper contains 18 questions.
Please write down the serial number of the question before attempting it.
Ñi;k tk¡p dj ysa fd bl iz'u&i=k esa eqfnzr i`"B 7 gSaA
iz'u&i=k esa nkfgus gkFk dh vksj fn, x, dksM uEcj dks Nk=k mÙkj&iqfLrdk ds eq[k&i`"B ij fy[ksaA
Ñi;k tk¡p dj ysa fd bl iz'u&i=k esa 18 iz'u gSaA
Ñi;k iz'u dk mÙkj fy[kuk 'kq: djus ls igys] iz'u dk Øekad vo'; fy[ksaA

FINANCIAL ACCOUNTING
(Theory) Paper I

foÙkh; ys[kkadu
¼lS)kfUrd½ iz'u&i=k I
Time allowed : 3 hours Maximum Marks : 60
fu/kkZfjr le; % 3 ?k.Vs vf/kdre vad % 60

1. Name four situations in which Average Due Date technique is used. 2

,slh pkj ifjfLFkfr;k¡ crkb, ftuesa vkSlr ns; frfFk rduhd viukbZ tkrh gSA
2. What is Sectional-balancing system ? 2
oxhZ;&lUrqyu iz.kkyh D;k gS \
3. What is meant by depreciation ? 2
gzkl ls D;k vfHkizk; gS \
4. State any two items of payments that are included in Cash Budget. 2
jksdM+ ctV esa 'kkfey dh tkus okyh Hkqxrku dh fdUgha nks enksa dks crkb,A
5. What is meant by ‘Income and Expenditure Account’ ? 2
^vk;&O;; [kkrk* ls D;k vfHkizk; gS \

201 1 P.T.O.
P.T.O.
6. State the meaning of ‘Outstanding Expenses’. 2

^vnÙk O;;* dk vFkZ fy[ksaA

7. Explain briefly three advantages of Self-balancing Ledger System. 3

Lolarqyd [kkrk iz.kkyh ds rhu ykHk la{ksi esa le>kb,A

8. What do you mean by ‘non-profit organisation’ ? Give any two examples of non-profit
organisations. 3

^ykHk u dekus okyh laLFkk* ls vki D;k le>rs gSa \ ykHk u dekus okyh laLFkkvksa ds dksbZ nks
mnkgj.k nhft,A

9. Define Account Current. Name any two parties between whom Account Current is
exchanged. 3

pkyw fooj.k [kkrs dh ifjHkk"kk fy[ksaA ,sls fdUgha nks i{kdkjksa ds uke crkb, tks ,d&nwljs dks pkyw
fooj.k [kkrk Hkstrs gSaA

10. From the following items calculate profit or loss on goods sold and value of closing stock
of electric tubes on 31-12-2005 : 3
(i) 1-1-2005, opening stock of 30 electric tubes Rs. 30,000

(ii) 20 electric tubes sold during the year 2005 for Rs. 26,000

fuEufyf[kr enksa ls 31&12&2005 dks foØ; fd, x, eky ij gq, ykHk ;k gkfu vkSj fo|qr~ V~;wcksa
ds vfUre LdU/k dk ewY; fudkfy, %
(i) 1&1&2005 dks 30 fo|qr~ V~;wcksa dk vkjfEHkd LdU/k 30]000 #-
(ii) o"kZ 2005 esa csps x, 20 fo|qr~ V~;wcksa dk foØ; ewY; 26]000 #-

11. A company purchased furniture for Rs. 24,000 on 1st April, 2003. It charged depreciation
@ 10% p.a. according to diminishing value method at the end of every year. Accounts are
closed on 31st March every year. The furniture is sold for Rs. 15,000 on 31st March,
2006. Prepare Furniture Account for the year ended 31st March, 2006. 3

1 vizSy] 2003 dks ,d dEiuh us 24]000 #- dk QuhZpj [kjhnkA Øekxr gzkl i)fr ds vuqlkj
dEiuh QuhZpj ij izfr o"kZ ds vUr esa 10% okf"kZd nj ls gzkl dh O;oLFkk djrh gSA [kkrs izfr
o"kZ 31 ekpZ rd ds fy, cuk, tkrs gSaA 31 ekpZ] 2006 dks mlh QuhZpj dks dEiuh 15]000 #- esa
csp nsrh gSA 31 ekpZ] 2006 dks lekIr gksus okys o"kZ dk QuhZpj [kkrk cukb,A

201 2
12. Prepare Cash Budget for the month of August, 2006 from the following data :
(i) Selling price per unit Rs. 80
(ii) Purchase price per unit Rs. 40
(iii) Sales (July 2006) 400 units
(iv) Sales (August 2006) 1000 units
(v) Cash purchases (August 2006) 1000 units
(vi) Sales commission paid in August, 2006 Rs. 4,000
(vii) Cash balance on 1st August, 2006 Rs. 32,000
40% of the sales were on cash basis and 60% on one month credit. No credit purchase
is made. There was no stock at the end of the month. 3

fuEufyf[kr vkadM+ksa ls ekg vxLr] 2006 dk jksdM+ ctV cuk,¡ %

(i) izfr bdkbZ foØ; ewY; 80 #-
(ii) izfr bdkbZ Ø; ewY; 40 #-
(iii) foØ; ¼tqykbZ 2006½ 400 bdkb;k¡
(iv) foØ; ¼vxLr 2006½ 1000 bdkb;k¡
(v) udn Ø; ¼vxLr 2006½ 1000 bdkb;k¡
(vi) vxLr] 2006 esa foØ; deh'ku fn;k 4]000 #-
(vii) 1 vxLr] 2006 dks udn 'ks"k 32]000 #-
foØ; dk 40% udn fd;k tkrk gS vkSj 60% ,d eghus ds m/kkj ij fd;k tkrk gSA dksbZ m/kkj
Ø; ugha fd;k tkrkA eghus ds vUr esa dksbZ LdU/k 'ks"k ugha FkkA

13. From the following information with regard to a club, calculate the match expenses
incurred during the year 2004 and show how this item will appear in the Balance Sheet
of the Club : 4
(i) Match fund on 1.1.2004 Rs. 20,000
(ii) Match fund on 31.12.2004 Rs. 40,000
(iii) Amount received for the match fund during the year 2004 Rs. 36,000

,d Dyc ds ckjs esa uhps nh xbZ lwpukvksa ls o"kZ 2004 esa fd, x, eSp ds [kpsZ dh jkf'k fudkfy,
vkSj n'kkZb, fd ;g en Dyc ds fLFkfr fooj.k esa fdl izdkj fn[kkbZ tk,xh %
(i) eSp dks"k 1-1-2004 dks 20]000 #-
(ii) eSp dks"k 31-12-2004 dks 40]000 #-
(iii) o"kZ 2004 esa eSp dks"k ds fy, izkIr jkf'k 36]000 #-

201 3 P.T.O.
14. Prepare Provision for Doubtful Debts Account from the information given below :
Items given in Trial Balance : 4
(i) Debtors Rs. 30,000
(ii) Bad debts Rs. 700
(iii) Provision for Bad and Doubtful debts Rs. 1,600

Additional Information :

Provision for Doubtful Debts is maintained at 2% of the debtors.

fuEufyf[kr lwpuk ls lafnX/k _.k izko/kku [kkrk cuk,¡ %

ryiV esa nh xbZ ensa %

(i) nsunkj 30]000 #-
(ii) vizkIr _.k 700 #-
(iii) lafnX/k ,oa vizkI; _.kksa ds fy, izko/kku 1]600 #-
vU; lwpuk %
nsunkjksa dk 2% lafnX/k _.kksa ds fy, izko/kku j[kk tkrk gSA

15. Ram lends Rs. 6,000 to Shyam on 1st January, 2005 repayable in 12 monthly
instalments. The amount of each instalment is Rs. 500 and the first instalment is to be
paid on 31st January, 2005. Find the Average Due Date. 5

1 tuojh] 2005 dks jke us ';ke dks 6]000 #- m/kkj fn, tks fd 12 ekfld fdLrksa esa ';ke ds
}kjk okil fd, tkus gSaA izR;sd fdLr dh jde 500 #- gS vkSj igyh fdLr 31 tuojh] 2005
dks vnk dh tkuh gSA vkSlr ns; frfFk fudkfy,A

16. Prepare ‘General Ledger Adjustment Account’ of Shamir and Company from the following
items :
Items in ‘Bought Ledger Adjustment Account’: 5
(i) Credit purchases Rs. 20,500
(ii) Returns outward Rs. 600
(iii) Discount allowed by creditors Rs. 700
(iv) Bills payable accepted Rs. 12,000
(v) Cash paid to creditors Rs. 30,700
(vi) Creditors’ opening balance Rs. 60,000

201 4
 fuEufyf[kr enksa ls 'kkehj ,.M dEiuh dk ^lkekU; [kkrkcgh lek;kstu ys[kk* cuk,¡ %
^Ø; [kkrk lek;kstu ys[kk* dh ensa %
(i) m/kkj Ø; 20]500 #-
(ii) Ø; okilh 600 #-
(iii) ysunkjksa ls izkIr NwV 700 #-
(iv) ns; fcyksa dh LohÑfr 12]000 #-
(v) ysunkjksa dks udn Hkqxrku 30]700 #-
(vi) ysunkjksa dk izkjfEHkd 'ks"k 60]000 #-

17. From the following items prepare Profit and Loss Account for the year ending on
31st March, 2006 : 6

Rs. Rs.
Capital 28,000 Creditors 13,000
Building 30,000 Commission received 900
Furniture 2,600 Interest (Dr.) 300
Maruti Car 4,000 Insurance & taxes 2,000
Bad debts 300 Cash in hand 2,000
General expenses 1,200 Closing stock 6,000
Provision for bad debts 700 Gross profit 21,500
Debtors 15,000 Carriage on sales 700

Additional information :
(i) Commission received in advance Rs. 300
(ii) 10% on debtors is provided for bad and doubtful debts
(iii) Unexpired insurance Rs. 500
(iv) Depreciation on Maruti car is charged at 5%
fuEufyf[kr enksa ls 31 ekpZ] 2006 dks lekIr gksus okys o"kZ dk ykHk&gkfu [kkrk cukb, %
#- #-
iw¡th 28,000 ysunkj 13,000
Hkou 30,000 izkIr deh'ku 900
QuhZpj 2,600 C;kt ¼MsfcV½ 300
ek#fr dkj 4,000 chek vkSj dj 2,000
vizkIr _.k 300 jksdM+ gLr 2,000
lkekU; [kpsZ 1,200 vfUre LdU/k 6,000
vizkI; _.kksa ds fy;s izko/kku 700 ldy ykHk 21,500
nsunkj 15,000 foØ; HkkM+k 700

201 5 P.T.O.
 vU; lwpuk,¡ %
(i) vfxze izkIr deh'ku 300 #-
(ii) vizkI; vkSj lafnX/k _.kksa ds fy, nsunkjksa ij 10 dk izko/kku fd;k tkrk gS
(iii) iwoZnÙk chek 500 #-
(iv) ek#fr dkj ij 5% gzkl yxk;k tkrk gS

19. From the following particulars prepare Income and Expenditure Account of Smart Club
for the year ending on 31st December, 2003 : 6

Receipt Rs. Payment Rs.

Cash in hand 3,600 Salary 9,800
Subscription : Rent 400
Year 2002 1,000 Stationery 200
Year 2003 16,000 Cycle purchased 400
Year 2004 1,200 Help to needy students 3,000
Sale of investments 3,000 Defence Bonds 4,000
Sale of furniture 250 Cash in hand 7,250
(Book value Rs. 600)

25,050 25,050

Additional Information :
(i) Outstanding rent receivable for use of club hall Rs. 200
(ii) Subscriptions outstanding for the year 2003 Rs. 1,500
(iii) Outstanding salaries Rs. 600 for the year 2003
(iv) The amount of subscriptions received in advance on 1.1.2003 was Rs. 400

OR

Explain the accounting treatment of the following items : 6

(i) Annual subscription received in advance
(ii) Donations for building
(iii) Purchase of sports goods by a sports club
(iv) Life membership fee
(v) Entrance fee
(vi) Payments for purchase of refreshments

201 6
 fuEufyf[kr lwpukvksa ls 31 fnlEcj] 2003 dks lekIr gksus okys o"kZ ds fy, LekVZ Dyc dk
vk;&O;; [kkrk cukb, %

izkfIr #- Hkqxrku #-
jksdM+ gLr 3,600 osru 9,800
pUnk : fdjk;k 400
o"kZ 2002 1,000 LVs'kujh 200
o"kZ 2003 16,000 lkbfdy dk Ø; 400
o"kZ 2004 1,200 xjhc fo|kfFkZ;ksa dh enn 3,000
fofu;ksxksa dk foØ; 3,000fMQsal cksaM 4,000
QuhZpj dk foØ; 250 udn 'ks"k 7,250
([kkrs esa ewY; 600 #-)
25,050 25,050

vU; lwpuk,¡ %
(i) Dyc ds gkWy dks iz;ksx djus dk fdjk;k vHkh izkIr djuk gS] 200 #-
(ii) o"kZ 2003 dk pUnk vHkh izkIr djuk gS] 1]500 #-
(iii) o"kZ 2003 dk vnÙk osru 600 #-
(iv) 1-1-2003 dks vfxze izkIr pUnk dh jde 400 #- Fkh
vFkok
fuEufyf[kr enksa ds ys[kkadu O;ogkj dh O;k[;k dhft, %
(i) vfxze izkIr okf"kZd pUnk
(ii) Hkou ds fy, nku
(iii) ,d [ksy&dwn Dyc }kjk [ksy&dwn ds lkeku dk Ø;
(iv) vkthou lnL;rk pank
(v) izos'k 'kqYd
(vi) ty&iku dk lkeku [kjhnus gsrq Hkqxrku

201 7 P.T.O.