NS1-551

B.Com. DEGREE EXAMINATION – MAY-2022

FIRST SEMESTER
Part-II
COMMERCE
Paper- I- FUNDAMENTALS OF ACCOUNTING

(Common Paper for B.Com (Gen/CA/ASM/TAX)

Time: 3 Hours Max. Marks: 75

SECTION – A
Answer any FIVE questions.
ఏ ఐ పశ ల స నం ఇవ ం . (5X5 = 25)
1. What is the Classification of Accounts?
ల వ కరణ ఏ ?

2. Different between book keeping and accounting?

ం మ అ ం ం మధ ?

3. Different types of cash book

ధ ర ల నగ సకం

4. Contra entries
ఎ ప

5. Suspense account
అ మ

6. Explain the various methods of preparing Trial Balance

అంక త క ధ పద ల వ ంచం

7. Pass Book

8. Capital expenditure and Revenue expenditure

లధన వ యం మ వ యం
 SECTION – B

Answer the following question

ం పశ స నం ఇవ ం (5X10 = 50)

9. (a) Explain the Principles of Accounting.

అ ం ం ల వ ంచం .

(Or)

(b) Generalize the following transactions in the books Samuel.

2021
March 1 Started business with cash ₹ 1, 50,000
March 1 Paid in into bank ₹ 1, 00,000
March 2 Goods purchased for cash ₹ 30,000
March 3 Purchased of furniture and payment by cheque ₹ 8,000
March 4 Sold goods for cash ₹ 10,000
March 6 Sold goods to Benny ₹ 6,000
March 9 Goods purchased from Dorca ₹ 9,000
March 11 Goods returned to Dorca ₹ 2,000
March 14 Goods returned by Benny ₹ 300
March 16 Cash received from Benny ₹ 5,760
Discount allowed to him ₹ 40

ఈ ం వ వ ల స ల ప యం .

1 రం ం ట న నగ . 1, 50,000.

1 ం జమ న నగ . 1, 00,000.

2 నగ స . 30,000.

3ఫ చ ం . 8,000

4 నగ సర అమ కం . 10,000

6 అ న సర . 6,000

9 ం న స . 9,000

11 ప నస . 2,000

14 ప పం న స . 300

16 ం నగ వ . 5,760 అత ఇ న ం . 40.
10. (a) Enter the following transactions in a three column cash book :

2021 Rs.
Jan. 1 Started business with cash 40,000
2 Opened a bank account with 16,000
5 Bought goods by cheque 350
6 Received cheque from Suhas 400
Allowed him discount 20
8 Sold goods for cash 80
10 Paid into bank
Cash 60
Cheque 400 460
14 Paid to Satish by cheque 690
Discount Received 10
17 Paid Carriage 300
20 Drew from bank for office 400
31 Paid salaries by cheque 200
ఈ ం వ వ ల వ సల నగ సక యం .

2021 ₹
జనవ 1 రం ం ట న నగ 40,000

2 ం . 16,000

5 స 350

6 ం నగ వ 400
అత ఇ న ం 20

8 నగ సర అమ కం 80

10 ం జమ న నగ
నగ 60
400 460

14 స ం ం . 690
ం న ం 10

17 ర ం ం 300

20 ర లయం తం ం ం న . 400

31 ం న తం 200
 (Or)
(b) Prepare an analytical Petty Cash Book under imprest system from the following
particulars.
2021 Rs.
June 1 Received for petty cash payments 1,000
2 Paid for postage 80
5 Paid for stationery 50
8 Paid for advertisement 100
12 Paid for wages 40
16 Paid for carriage 30
20 Paid for conveyance 44
25 Paid for travelling expenses 160
27 Paid for postage 100
28 Paid for telegrams 40
30 Wages to office cleaner 20
30 Sent registered notice to landlord 6
ం వ ల ం భ భ పద ష త క లర నగ త
యం .
2021 .
1 లర నగ సం న 1,000
2 80
5 షన 50
8 పకటన 100
12 త 40
16 30
20 ర 44
25 ప ణఖ 160
27 త 100
28 40
30 ఆ న త 20
30 స పంపబ ం 6
11. (a) What is an error and explain the types of errors.
త అం ఏ మ త ల ర ల వ ంచం .

(Or)
(b) Prepare Trial Balance from the following information of Oviya & Co as on 31-12-
2021.
Particulars Rs. Particulars Rs.
Opening stock 2,000 Capital 5,000
Machinery 1,500 Furniture 4,000
Sundry Creditors 500 Debtors 1,000
Bank over draft 600 Purchases 8,000
Discount 30 Salaries 1,100
Sales 13,000 Interest on Investments 50
Loan from Manu 800 Advertisement 400
Carriage inwards 90 Drawings 500
Investments 1,000
Return Inwards 300
Return Outward 100
Insurance Premium 100
Interest on loan 30

31-12-2021 ఓ & Co క ం స రం ం అంక

త యం .
వ . వ .
రంభ స 2,000 లధనం 5,000

యం 1,500 ఫ చ 4,000

ధ ణ త 500 ణగ 1,000

ం ఓవ 600 8,000

ం 30 1,100

అమ 13,000 బ ల వ 50

మ ం ఋణం 800 పకటన 400

అమ లర 90 ంత డ 500

బ 1,000

అమ ల ప 300

ప 100

ఇ యం 100

ఋణం వ 30
12. (a) Prepare Bank Reconciliation Statement of Peter year ending 30.06.2021

I. Bank balance as per pass book ₹ 25,600

II. Cheques issued but not presented for payment ₹6,400
III. A wrong debit in pass book ₹500
IV. Overdraft of Receipt side of cash ₹1,500
V. Direct deposited of a cheque ₹2,400 not recorded in the cash book
VI. A cheque issued for ₹ 210 was recorded as ₹ 201 in cash book.
30. 06. 21 ట క ం ల ల సమన య ప
త యం .
I. సకం ప రం ం ల . 25,600
II . న ం ఖ . 6,400
III . సకం త న . . 500
IV . నగ సకం వ ఎ వ న . 1,500
V. జమ న . 2,400 నగ సకం
న .

VII. న . 210 వగ న , నగ సకం .

201 న యడ న .

(Or)
(b) Prepare Bank Reconciliation Statement
a. Bank overdraft as per cash book ₹ 20,000
b. Debit side of cash book cash short ₹ 100
c. Cheque deposited into bank ₹ 6,000 but 3,500 were collected
d. Bills collected by bank ₹ 900
e. Bank charges recorded twice in cash book ₹ 300
f. Cheques deposited but not collected ₹ 1,500
ం ల ల సమన య ప త .
a. నగ సకం ప రం ఓవ ల . 20,000
b. నగ సకం త వ డటం జ ం . 100
c. . 6,000 వ గల ల జమ న వలం 3,500 త వ న .

d. ం వ యబ న . 900
e. నగ సకం ం న న ం . 300
f. జమ , ఇం వ . 1,500
13. (a) From the following Trial Balance and adjustments prepare Trading, Profit and loss
Account and Balance Sheet.
Particulars Debit(Rs) Credit(Rs)
( వ ) ( .) ( .)
Capital- లధనం - 1,00,000
Drawings – ంత డ 18,000 -
Buildings – భవ 15,000 -
Furniture and fittings – ఫ చ మ ం 7,500 -
Motor Van – 25,000 -
Loan from Ajay @ 12% interest - 15,000
అజ ం ఋణం @ 12% వ -
Interest paid on above – వ ంచబ న 900
Sales – అమ - 1,00,00
Purchases – 75,000 -
Opening Stock – రంభ స 25,000 -
Establishment Expenses – పన ఖ 15,000 -
Wages – త 3,000 -
Commission Received – వ న క ష - 4,500
Debtors – ణ గ 28,100 -
Bank Balance – ం ల 20,000 -
Creditors – ణ త - 10,000
Interest – వ - 3,000
2,32,500 2,32,500
Additional Information:
1. Closing stock ₹ 32,000
2. Outstanding wages ₹ 500
3. Commission received in advance ₹ 1,300
4. Depreciate Buildings 5%, Furniture and Fitting 10%, and Motor Van 10%.

అదన స రం:

1. ం స ₹ 32,000

2. ంచవల న త ₹ 500

3. ం ం నక ష ₹ 1,300.

4. భవ 5%, ఫ చ మ ం 10%, మ

10% త దల ఏ యం .
 (Or)

(b) Prepare final account of John on 31.12.2021 from particulars

Debit Balances Rs. Credit Balances Rs.

Purchases - 1,50,000 Sales - అమ 2,37,500
Machinery - యం 45,000 Capital - లధనం 45,000
Returns - ప 2,000 Returns - ప 2,500
Debtors - ణ గ 32,500 Creditors - ణ త 35,000
Cash at bank - ం నగ 15,000 Reserve for bad debts 1,000
Opening Stock - రంభ 25,000 సంశ త క ల జ
స 1,950
Rates and taxes- ,ప 20,000
Wages - త 4,000
Furniture - ఫ చ 22,500
Salaries - 3,050
Freight - ర 3,21,000 3,21,000

Additional Information:

a) Closing Stock ₹ 30,000

b) Outstanding salaries ₹ 5,000
c) Depreciation on machinery @ 5%
d) Create provision for doubtful debts at 2 %

స :

(a ) ం స . 30,000

(b ) ం న . 5,000

(c ) యం ల 5% త దల

(d ) సంశ త క ల ఏ 2%