NOVEMBER 2012 60109/BPZ2A/BPF2A/

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Time : Three hours Maximum : 75 marks

SECTION A — (10 × 2 = 20 marks)

Answer any TEN questions.

All questions carry equal marks.

1. What do you understand by a ‘wholesale branch’?

ö©õzu ÂØ£øÚUQøÍ Gߣx £ØÔ } ¦›¢x öPõÒÁx ¯õx?

2. Give any two features of dependent branches.

\õº¦ QøÍPÎß ]Ó¨¤¯À¦PÒ H÷uÝ® Cµsk u¸P.

3. What is departmental accounts?

xøÓÁõ›U PnUSPÒ GßÓõÀ GßÚ?

4. Give any two objects of departmental accounts.

xøÓÁõ›U PnUSPÎß ÷|õUP[PÒ H÷uÝ® Cµsk u¸P.

5. What is ‘Repossessed stock’?

v¸®£¨ ö£Ó¨£mh \µUS GßÓõÀ GßÚ?

6. Explain instalment purchase system.

uÁøn öPõÒ•uÀ •øÓø¯ ÂÁ›.

7. What is ‘Minimum Rent’?

SøÓ¢u £m\ ÁõhøP GßÓõÀ GßÚ?

8. What do you understand by ‘sub-lease’?

EÒSzuøP Gߣx £ØÔ } ¦›¢x öPõshx ¯õx?

9. What is sacrificing ratio?

v¯õP ÂQu® GßÓõÀ GßÚ?

10. What is gaining ratio?

Buõ¯ ÂQu® GßÓõÀ GßÚ?
11. What do you mean by insolvency court?
ö|õi¨¦ {ø»¯º }v©ßÓ® Gߣx £ØÔ EÚx P¸zx ¯õx?

12. Give the name of insolvent accounts?

ö|õi¨¦ {ø» PnUSPÎß ö£¯ºPøÍz u¸P.

SECTION B — (5 × 5 = 25 marks)
Answer any FIVE questions.
All questions carry equal marks.

13. How will you deal with cash-in-transit and goods-in-transit?

£¯nzvÀ EÒÍ öµõUP® ©ØÖ® £¯nzvÀ EÒÍ \µUøP GÆÁõÖ
øP¯õÒÁõ´?

14. From the following particulars relating to Patna branch for the
year ending 31-12-95 . Prepare accounts in the H.O. books.
Rs. Cash sent to branch for expenses Rs. Rs.
Stock at branch on 1-1-95 8,900 Rent 2,000
Branch debtors on 1-1-95 4,700 Salaries 6,000
Petty cash at branch on Petty cash 1,0009,000
1-1-95 20 Stock at branch
Goods sent to branch on 31-12-95 5,400
during the year 28,400 Petty cash at branch
Cash sales during the year 15,800 on 31-12-95 30
Credit sales during Goods returned by
the year 40,400 the branch 800
Cash received from debtors37,900

¤ßÁ¸® £µ[PÒ £õmÚõ QøÍ°ß 31-–12–1995 ® |õ÷Íõk

•iÄÖ® BskUPõÚ Â£µ[PÒ BS®. uø»ø©¯zvß HkPÎÀ
PnUSøÍ u¯õ›UP.
¹. ö\»ÄUPõP QøÍUS Aݨ¤¯ ¹. ¹.
öµõUP®
1-1-95 À QøÍ \µUS 8,900 ÁõhøP 2,000
1-1-95 À QøÍ PhÚõÎPÒ 4,700 \®£Í® 6,000
1-1-95 À QøÍ°ß ]À»øµ öµõUP® 1,0009,000
]À»øµ öµõUP® 20 31-12-95 À QøÍ°À \µUS 5,400
|h¨¦ BsiÀ QøÍUS 31-12-95 À QøÍ°À
Aݨ¤¯ \µUS 28,400 ]À»øµ öµõUP® 30
|h¨¦ BsiÀ öµõUP ÂØ£øÚ 15,800 QøͯõÀ v¸¨¤¯ \µUS 800
|h¨¦ BsiÀ Phß ÂØ£øÚ 40,400
PhÚõÎPÎhª¸¢x ö£ØÓ
öµõUP® 37,900

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15. Mixed goods were purchased for . 1,00,000 and later they were
assorted into three categories X,Y, Z as follows

X 1000–selling price . 20 each

Y 2000–selling price . 22.50 each

Z 2400–selling price . 25 each.

All categories yield the same rate of profit. Calculate the

purchase price of each category.

¹. 1,00,000 ØS P»øÁ¨ ö£õ¸mPÒ öPõÒ•uÀ ö\´¯¨£mk AøÁ

AøÚzx® X, Y, Z GßÖ ‰ßÖ uµÁõ›¯õP ¤ßÁ¸©õÖ
ÁøP¨£kzu¨£mhx.

X – 1000 ÂØ£øÚ Âø» JßÖUS ¹. 20 Ãu®

Y – 2000 ÂØ£øÚ Âø» JßÖUS ¹. 22.50 Ãu®

Z – 2400 ÂØ£øÚ Âø» JßÖUS ¹. 25 Ãu®

AøÚzx ÁøPPЮ \©ÂQu AÍÂ÷»÷¯ C»õ£zøu Dmiz

u¸QÓx. JÆöÁõ¸ ÁøP ö£õ¸mPÎß öPõÒ•uÀ Âø»ø¯
PnUQkP.

16. On 1-1-86, X purchased machinery on hire purchase system.

The payment is to be made . 4,000 down (on signing of the
contract) and . 4,000 annually for three years. The cash price of
the machinery is . 14,900 and the rate of interest is 5% p.a.
Calculate the interest in each year’s instalment.

X , 1–1–86 À ÁõhøP öPõÒ•uÀ •øÓ°À C¯¢vµzøu Áõ[Q¯x.

ö\¾zu ÷Ási¯ öuõøPPÒ ¹. 4,000 •ß£n©õPÄ® (J¨£¢uzvÀ
øPö¯õ¨£ªk® ÷£õx) ©ØÖ® ¹. 4,000 BskUS GÚ ‰ßÖ
BskPÐUS C¯¢vµzvß öµõUP Âø» ¹. 14,900 BS®.
BskUS 5% Ámi PnUQh¨£h ÷Ásk®. JÆöÁõ¸ Bsk
uÁøn°¾® EÒÍ Ámiø¯ PõsP.

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17. Compute short workings recovered from the following
particulars assuming short working are recoupable in the
following two years.
Royalty . 5 per ton of coal raised
Dead rent : . 35,000 p.a.
Output : 1999 : 5000 tonnes
2000 : 8000 tonnes
2001:10,000 tonnes.
¤ßÁ¸® £µ[PøÍU öPõsk £ØÓõUSøÓ GÆÁõÖ
\›ö\´¯¨£mhx Gߣøu PnUQkP ©ØÖ® £ØÓõUSøÓ HØ£iß
Akzx Á¸® C¸ BskPÐUSÒ \› ö\´¯¨£h ÷Ásk® GÚÄ®
öPõÒP.
SÖ©zöuõøP ¹. 5 J¸ A»SUS, {»UP› AÍÄ E¯¸® AÍÄUS
SøÓ¢u £m\ ÁõhøP ¹. 35,000 BskUS.
öÁαkPÒ 1999 : 5000 A»SPÒ
2000:8000 A»SPÒ
2001:10,000 A»SPÒ.

18. A, B and C are in partnership sharing profits and losses in the

ratio of 3:2:1. A retires from the firm. The goodwill of the firm is
fixed at . 24,000. Pass journal entries for goodwill when
(a) The goodwill is recorded in the books
(b) Goodwill is raised and written off.
A,B ©ØÖ® C BQ¯ TmhõÎPÒ 3:2:1 GßÓ ÂQuzvÀ C»õ£
|mh[PøÍ £QºQßÓÚº. A Tmhõsø© {ÖÁÚzv¼¸¢x
»SQÓõº. {ÖÁÚzvß |Øö£¯›ß ©v¨¦ ¹. 24,000 GÚ
©v¨¤h¨£kQÓx. |Øö£¯¸UPõÚ £vÄPøÍ ¤ßÁ¸©õÖ PõsP.
(A) HkPÎÀ |Øö£¯º ©v¨¦ ÷uõØÖÂUP¨£mkÒÍx GÚU
öPõÒP.
(B) |Øö£¯›ß ©v¨¦ E¯º¢xÒÍx ©ØÖ® ÷£õUS GÊv¯x
GÚUöPõÒP.

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19. A,B,C were partners sharing profits and losses in the ratio of
3:2:1 respectively. B died on 31st march 2003. The profits from
1-1-2003 to 31-3-2003 amounted to . 4,500. A and B decided to
share the future profits in the ratio of 3:2 respectively with effect
from 1.4.2003. Give the necessary journal entries to record the
B’s share of profit to the date of death.

A,B,C BQ¯ TmhõÎPÒ •øÓ÷¯ 3:2:1 GßÓ ÂQuzvÀ C»õ£–

|mh[PøÍ £Qº¢uÚº. 31 ©õºa 2003 À B CÓ¢uõº, 1–1–2003 •uÀ
31–3–2003 Áøµ°»õÚ C»õ£® ¹. 4,500 BS®. 1–4–2003 •uÀ
A ©ØÖ® B BQ¯ TmhõÎPÎß GvºPõ» C»õ£® •øÓ÷¯ 3:2 GßÓ
ÂQuzvÀ C¸US©õÖ •iÄ ö\´uÚº. TmhõÎ ‘B’ CÓ¢u |õÎÀ
AÁ¸UPõÚ C»õ££[øP SÔ¨÷£k u¯õ›zx £vP.

SECTION C — (3 × 10 = 30 marks)

Answer any THREE questions.

All questions carry equal marks.

20. The Kolkata trading company Ltd. Opened a branch at

Bangalore on 1st January 1999. From the following particulars,
prepare the necessary accounts for 1999 and 2000 in the books of
the head office :
1999 ( .) 2000 ( .)

Goods sent to Bangalore branch 40,000 1,00,000

Cheque sent to branch for

Rent 4,000 4,000

Salaries 5,000 5,100

Other expenses 2,000 2,500

Cash received from Branch 60,000 1,35,000

Stock on 31st December 8,000 25,000

Petty cash on hand 31st December 150 250

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 öPõÀUPzuõ ¯õ£õµ Áøµ¯Ö {ÖÁÚ® 1 \ÚÁ› 1999–À
ö£[PЛÀ Auß QøÍ JßøÓ Bµ®¤zux. ¤ßÁ¸® £µ[PøÍU
öPõsk 1999 ©ØÖ® 2000 BskPÎÀ {ÖÁÚ uø»ø©¯Pzvß
HkPÎÀ ÷uõØÖÂUP¨£h ÷Ási¯ ÷uøÁ¯õÚ PnUSPøÍz u¸P.
1999 ¹. 2000 ¹.
ö£[Pк QøÍUS Aݨ£¨£mh \µUS 40,000 1,00,000

QøÍUS Aݨ£¨£mh Põ÷\õø»

ÁõhøP 4,000 4,000

\®£Í® 5,000 5,100

¤Ó ö\»ÄPÒ 2,000 2,500

QøÍ ‰»® ö£Ó¨£mh öµõUP® 60,000 1,35,000

31 i\®£›À \µUQ¸¨¦ 8,000 25,000

31 i\®£›À øP°¸¨¦ ]À»øµ öµõUP® 150 250

21. Vasanth firm wishes to ascertain approximately the net profits

of A, B and C departments separately for the quarter year ended
31 march 2001. It is found impracticable actually to take stock
on that date but an adequate system of departmental account is
in use and the normal rates of gross profit for the departments
concerned are 40%, 30%, and 20% on sales respectively. Indirect
expenses are charged in proportion to departmental sales,
particulars are as follows :

Departments
A B C

. . .
Stock on 1-1-2001 60,000 70,000 30,000
Purchase March 31, 2001 70,000 75,000 47,000
Sales March 31, 2001 1,20,000 1,00,000 60,000
Direct expenses 20,200 14,500 7,100

Total indirect expenses for the period (including those relating to

other departments) were . 42,000 on total sales of . 8,40,000.
Prepare a statement showing gross profit, net profit after
making resource for stock at 10% in respect of each departments.

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 Á\¢z {ÖÁÚ® 31 ©õºa 2001 B® PõÀ Bsk CÖv°À A,B ©ØÖ®
C BQ¯ Auß xøÓPÒ ö£Ó£h ÷Ási¯ C»õ£zøu ÷uõµõ¯©õP
AÍÂmkU öPõshx.
\µUQß ©v¨¦PÎÀ EÒÍ C¸¨¦P÷Í GkzxUöPõÒͨ£mhÚ.
GÚÄ®. AUSÔ¨¤mh |õmPÎÀ xøÓ°ß ö©õzu»õ£® \õuõµn
ÂQu[PÍõP öPõsk 40%, 30% ©ØÖ® 20% Auß ÂØ£øÚ «x
•øÓ÷¯ öPõskÒÍx.
©øÓ•P ö\»ÄPÒ xøÓ°ß ÂØ£øÚ ©v¨¦ ÂQuzv÷»÷¯
GkzxU öPõÒͨ£mhx £µ[PÒ ¤ßÁ¸©õÖ.
xøÓPÒ
A B C
¹. ¹. ¹.
1-1-2001À \µUQ¸¨¦ 60,000 70,000 30,000
31, ©õºa 2001 À öPõÒ•uÀ 70,000 75,000 47,000
31, ©õºa 2001 À ÂØ£øÚ 1,20,000 1,00,000 60,000
÷|µia ö\»ÄPÒ 20,200 14,500 7,100

ö©õzu Põ» PmhzvØS©õÚ ö©õzu ©øÓ•P ö\»ÄPÒ ¹. 42,000

AÁØÔÀ ¤Ó xøÓPÐUS©õÚx® Ah[S® ö©õzu ÂØ£øÚ
©v¨¤À ¹. 8,40,000 BS®. ö©õzu C»õ£® ©ØÖ® \µUQß «x 10%
Põ¨¦ JÆöÁõ¸ xøÓUS® E¸ÁõUQ ¤ßÚº {Pµ C»õ£zøu
PnUQkP.

22. On 1-1-93 Ramasamy company purchased a car from Alagappan

and company. At the time of agreement a sum of . 24,000 was
paid out of cash down price of the car and the balance would be
payable in 3 equal instalment including interest was . 33,600.
Depreciation was to be provided at 10% p.a. On the reducing
balances prepare :
(a) Motor car a/c
(b) Alagappan a/c in the books of Ramasamy company.
Cµõ©\õª {ÖÁÚ® 1–1–93 À J¸ Põº JßøÓ AÇP¨£ß
{ÖÁÚzvhª¸¢x Áõ[Q¯x. J¨£¢uzvß ÷£õx ¹. 24,000
•ß£n öµõUP©õP ÁÇ[P¨£mk «u•ÒÍ öuõøPø¯ ‰ßÖ \©
uÁønPÎÀ ÁÇ[P ÷Ásk®. AvÀ ¹. 33,600 Ámi²®
Ah[Q¯x. BskUS 10% ÷u´©õÚ® SøÓ¢x ö\À ©v¨¦
•øÓ°À JxUP ÷Ásk® Cµõ©\õª {ÖÁÚzvß HkPÎÀ
(A) Põº P/S
(B) AÇP¨£ß P/S BQ¯ÁØøÓ u¯õ›UP.
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23. Arul, Babu and Charu are equal partners. On 31-12-92 their
balance sheet was as follows :
Liabilities Rs. Assets Rs.
Capital Arul 16,800 Buildings 19,500
Babu 12,600 Furniture 2,400
Charu 6,000 Stock 11,400
Creditors 6,000 Debtors 10,800
Bills payable 3,300 Cash 600
44,700 44,700

On that date Durai was admitted for 1/4 share of profit on the
following terms :
(a) That Durai brings in cash . 9,000 for goodwill and
. 15,000 as capital
(b) That half of the goodwill shall be 80% withdrawn by the old
partners
(c) The stock and furniture be depreciated by 10%
(d) That a provision of 5% on debtors be created for doubtful
debts
(e) That a liability for . 1,080 be created against bills
discounted
(f) That the building be valued at Rs. 27,000.
Give the necessary journal entries and ledger accounts and
prepare the balance sheet of the new firm.
A¸Ò, £õ¦ ©ØÖ® \õ¸ BQ¯ ‰Á¸® \© AÍÄ TmhõÎPÒ
31–12–1992 À AÁºPÍx C¸¨¦{ø»U SÔ¨¦ ¤ßÁ¸©õÖ
ö£õÖ¨¦PÒ ¹. ö\õzxUPÒ ¹.
•uÀ A¸Ò 16,800 Pmih® 19,500

£õ¦ 12,600 AøÓP»ß 2,400

\õ¸ 6,000 \µUQ¸¨¦ 11,400

PhÜ¢÷uõº 6,000 PhÚõÎPÒ 10,800

ö\¾zxÁuØS›¯ ©õØÖa ^mk 3,300 öµõUP® 600

44,700 44,700

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 AUSÔ¨¤mh |õÎÀ xøÓ GߣÁº 1/4 C»õ£ £[SUS ÷\ºzxU
öPõÒͨ£mhõº.
(A) xøÓ ¹. 9,000 |Øö£¯µõPÄ® ©ØÖ® ¹. 15,000 •u»õPÄ®
öµõUP Ai¨£øh°À öPõnUQÓõº.

(B) |Øö£¯›À 80% £øǯ TmhõÎPÍõÀ v¸®£ ö£Ó¨£mhx

(C) \µUS ©ØÖ® AøÓP»ß ©v¨¤À 10% ÷u´©õÚ®

PnUQh¨£mhx

(D) PhÚõÎPÒ «x 5% I¯UPhß JxUS E¸ÁõUP¨£mhx

(E) ¹. 1,080 US uÒУi ö\´¯¨£mh ©õØÖa^mkUS GvµõÚ

ö£õÖ¨¦ E¸ÁõUP¨£mhx.

(F) Pmihzvß ©v¨¦ ¹. 27,000 ©õP ©v¨¤h¨£mhx.

÷uøÁ¯õÚ SÔ¨÷£k ©ØÖ® ÷£÷µmkU PnUSPøÍz u¢x, ¦v¯

{ÖÁÚzvß C¸¨¦{ø»U SÔ¨ø£ u¯õ›UP.

24. P, Q and R were partners sharing profits and losses in the ratio
2:2:1. The partnership was dissolved on December 31, 2010 and
their balance sheet on that date was as follows :
Liabilities . Assets .
Sundry creditors 6,000 Cash in hand 2,000
Capital accounts Other assets 38,000
P 16,000
Q 10,000
R 3,000
Profit and loss a/c 5,000
40,000 40,000

The assets were realised gradually : . 10,000 was received in

first instalment .10,000 the second time and . 13,000 finally.

Show how the cash was distributed.

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P, Q ©ØÖ® R BQ¯ TmhõÎPÒ C»õ£ –|mh[PøÍ 2:2:1 GßÓ
ÂQuzvÀ £QºQßÓÚº. 31 i\®£º 2010 À {ÖÁÚ® Pø»UP¨£mhx
©ØÖ® AÁºPÍx C¸¨¦{ø»U SÔ¨¦ ¤ßÁ¸©õÖ EÒÍx.
ö£õÖ¨¦UPÒ ¹. ö\õzxUPÒ ¹.
£Ø£» PhÜ¢÷uõº 6,000 øP°¸¨¦ öµõUP® 2,000
•uÀ PnUSPÒ Cuµ ö\õzxUPÒ 38,000
P 16,000
Q 10,000
R 3,000
C»õ£ |mh P/S 5,000
40,000 40,000
ö\õzxUPÒ £i¨£i¯õP ÂØ£øÚ ö\´¯¨£mhx. •uÀ uÁøn¯õP
¹. 10,000 ö£Ó¨£mhx. CµshõÁx •øÓ²® ¹. 10,000
ö£Ó¨£mhx ©ØÖ® CÖv¯õP ¹. 13,000 ö£Ó¨£mhx.
öµõUP® GÆÁõÖ £Qº¢uÎUP¨£mhx GÚU PõmkP.

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