Roll No. ... 30000 NE-154 June — July 2022 B. Com. I Year (4 ¥. D. C.) Examination fase dws - wer FINANCIAL ACCOUNTING - I (HST / Major) Time 3 Hours) [Max. Marks 70 (Min. Marks 23 Wes woh ve after & 1 wat Fr ab Fre arr sen Hee age gM 1 GPE rer Ur Ferg 60 Fate afte ara Rear are | Sefteres tre as Runes befted arf gait f Each section is compulsory. The marks distribution is same as shown in the question Paper. The blind students will be given 60 minutes extra time. University has all rights to change the distribution of marks. wes a : aft ayer wy Section A: Very Short Answer Question 3x4=12 ae: anh cfr wea atard & 1 sare Bq aware eros ata SO Tee | All three questions are compulsory. Maximum word limit for answer 50 words. Lo er are 8 ee ner $2 ‘What is meant by Depreciation ? er OR rit athe preva are ar ant aire 1 Explain the meaning of Receipt and Payment Account. 2... arava crt 87 Why Branch Account are kept ? set OR Spee re ar aT aI SP What is meant by Consignment Stock ? 3,00 eragettge erat & organ ear rere 8? What do you mean by Computerized Account ? srrat OR _omsge fips ovat regi ots anit at rare Explain any five advantages of Computerized Accounts. woe y : WEEE VA Section B : Short Answer Question 4x7=28 re: weit are wr afrared G1 sae By arena res HT 200 ez) All four questions are compulsory. Maximum word limit for answer 200 words. Laeger er aera 8 2g HA a are PT ara 7 What do you understand by Realisation Account ? How and when it is prepared ? art OR JAfien aiftes arirerft after, 2008 Fag ata age Ra a ETT Explain any five characteristics of Limited Liability Partnership Act, 2008, P.T.O. https://www.davvonline.com2 NE-IS4 2. TE arrear eC A fae aARAT at ake TET | Describe different method of providing Depreciation in brief. area OR fafa ae dare eee are ara ht rary vat A oT FP Which Journal Entries passed in the books while preparing Investment Accounts ? et nerf Ht sree at ere ARTE | Explain the concept of Company’ in Tally. war OR AA area Ta A ster Gt ori TATE Explain concept and use of ‘Payment Voucher’ in Tally, erste are aah arrarall et are era Te Frey Eb ervey wre Ft feAT HE athe gee BAY & | era & ava fare Preefrfra axargret arene oe wert rete Ft afQalh HF (ar) era earart TATE (a) TET TAHT fafter ard earer: a at srefiten Berane 26,200 meth at ge 320 aftan erere 33,100 arget gran eferen war art 580 arefire rar 15,000 wrest Stage fear 2,400 Siar ar 13,900 sete ap 600 gua Frater & Te ATT 50,800 weet & ora tes 49,200 area Fatt 33,500 Prerar we anf 1,800 sere Feet 60,000 wagtt war ater 6,000 spare rater & are area arr rar 700 ATTRT ara ore 1,000 ‘The Rajesh Marth invoice goods to their branch at cost and branch sell on credit as well as cash. From the following details relating to branch (a) Prepare Branch Account (b) Various accounts of branch in the Head Office books: https://www.davvonline.com Rs. Rs. Opening Debtors 26,200 Allowance to Customer 320 Closing Debtors 33,100 Return from Customer 580 Opening Stock 15,000 Discount to Customers 2,400 Closing Stock 13,900 Bad Debts 600 Goods from Head Office 50,800 Cash Received from Customers 49,200 Cash Sales 33,500 Rent and Rates 1,800 Credit Sales 60,000 Wages and Salaries 6,000 Goods Return to H.O. 700 General Trade Charges 1,000 awa OR 10,000 Freit eft 20 & werd ot we & Hear ar | Se Tar eet & serrata arr wT: 50,000 F TAT 22,500 F & red H 250 Retr aft are Gt ava, Frere FA Ta 4,000 @ sre BE 7,500 Fret a Sat ar 1 250 Fett Pearare ae et ara PR Tere aT TAT TT STATA ahs hoor epee aT eae Fifa | 10,000 kg of Ghee were consigned. Consignor’s and consignee’s non-recurring expenses were 2 50,000 and % 22,500 respectively 250 kgs were lost in transit for which a claim of Rs 4,000 received. 7,500 kgs were sold. 250 kgs. were lost in leakage to be considered as normal loss. Compute the value of abnormal loss and consignment stock. https://www.davvonline.com3 NE-154 wert : thirty wy Section C : Long Answer Question 2415+30 Aree wh er fed & gare fit areca 500 eee | All two questions are compulsory. Maximum word limit for answer 500 words, oft arga Ht Gera 8 31 ard, 2021 st fw da eae Tee z ES thet 1,50, ° 7,00,000 ae 50,000 var 90,000 tec are sae 25,000 ze 80,000 Fara 5,000 fox 2,80,000 Ter ezr 3,000 rer Per 45,000 FUE 17,500 wrath 50,000 war 4,50,000 aaare 13,000 &wafatftet 2,60,000 7 2,00,000 sara 25,000 fie 975,000 srefPw Barer 120,000 ATT OT 15,000 rere 1,70,000 afte ar sau 15,000 fame 13,00,000 ST STR 7500 faa art 10,000 aat 40,000 Foor errata at exer 8 on gr fer ant dare AAT: (1) at seg eee er eater 90,0002 aT! (2) FHT IT5%, Her we x 10%, a Te 10% BARE rT TTTET | (3) 1 sraerE, 2021 FF 80,000 & ser rem at wefan Ta Tey HA Ser TATA Ba a At TE HATE A aE (4) 6,000 & seefvew ager apgferfier tft rat Eererdt x 5% fer aa nf AATEC | () (6) ” Brae arat aft or i weg awe aT AA 7,500 F arrfre Es iter ae akan: AY actor oft bt & | rts re 3 are eT BT 6 aT eae ar H carta Faefter seh H 12,000 & ar ara. aq ae H aay §,000.3 sar are TT we far car He TE fate Te A 11 (8) 6,000 2 ar far uarafee gor grt are Pate gt A TE | “Phe following balance were extracted from the Books of Shri Mahesh on 31. March, 2021 : Rs. Rs. Capital 7,00,000 Motor Car 150,000 General Exp. ‘90,000 Motor Car Expenses 25,000 Wages 80,000 Bad Debts 5,000 Plant 2,80,000 Discount Received 5,000 Cash ‘45,000 Rates and Taxes 17,500 Bill's Receivable 50,000 Building 4,50,000 Purchases Return 15,000 Bank Overdraft 2,60,000 2,00,000 _Intcrest 25,000 Purchases 9,75,000 Opening Stock 120,000 Carriage Outward 15,000 Debtors 1:70,000 Provision for Doubtful Debts 15,000 Sales 13,00,000 Carriage Inwards 7,500 Sales Return 10,000 Salaries 40,000 Prepare Final Accounts with the help of following adjustments q) Q) G) (4) (5) (6) a 8) Stock at the end of the year is 8 90,000. Depreciate building by 5% Motor Car by 10% and Plant by 10% per annum. On T* January, 2021 a Machinery was purchased for % 80,000. But for the same neither payment has been made, nor any entry made. Write of ® 6,000 for Bad Debis and Create 5% provision for doubtful debts on Debtors. General expenses include & 7,500 salary paid to personal servant of Shri Mahesh. ‘The Motor Car is partly used for personal use of the proprietor also. Hence % of the depreciation and Car expenses are to be charged to the proprictor also. Goods worth & 12,000 taken by Shri Mahesh for personal use and goods worth & 5,000 were given as free samples for which no entry has been made A bill of 2 6,000 dishonoured but no entry has been made. PTO. hutps:/www.davvonline.com4 NE-I54 aeat OR are Beer ret rT & 2 er FAA TT ed UT aT PRATT Ft ATT | What is Double Entry System ? Discuss the advantages, disadvantages and significance of Double Entry System. ‘Pate ew ate ae 52 ofS a era Bsa re er aE Tea A SET ate () yree wren aft ae 25,000 & aT @) aerart Ft oft aeaftes a 8 wart 2 aot aga A oT aa | CR) SE wr argaen | erage 2021 a gar Req At nt 3) Pere St are Bara Tare Z| TH 6 TT A revert fe war gar at at at a 2016 400 2019 6,000 2017 3,200 2020 6,400 2018 4,400 2021 6,800 fatter A geret 8 ofaReat Ag Cd aT Te | Shri Anil gave a mine of Coal to Shri Rajesh at a royalty of 2 5 per ton. The royalty agrocment Include Inter-alia the following : (a) Minimum rent shall be 25,000 per annum. (b) Short working can be recouped with in next two years. (c) The agreement was entered in to | Oct., 2021. The year end is 31" December. ‘The production for the first six year are as under : Year Ton Year Ton 2016 400 2019 6,000 2017 3,200 2020 6,400 2018 4,400 2021 6,800 Prepare necessary accounts in the books of Shri Anil and also give Journal Entries. arat OR © Rearefter ard & ang ear rae & 2 ahs Ff | ervey are war fants erat & eT ATE? What is meant by Departmental Accounts ? What are the points of difference between Departmental Accounts and Branch Accounts ? https:/www.davvonline.com Whatsapp @ 9300930012 Send your old paper & get 10/- ave Ge eed aT athe 10 wer Te, Paytm or Google Pay & s://www.davvonline.com