ES . COACHING 4 Estd.2001 ACCOUNTANCY (aa) (224) Time (@Aa) : 3 Hours (ave)] ay © Note: (1) All questions are compulsory. @) Marks allotted for each quigstion are ind [Maximum Marks (yoke) : 100 dicated against it. Pi: (1) wh yea ofrard 8) . 2) as Wt} ais gad ar qa 7a BI 1 Financial Accounting is mainly concemed with : : 1 (A) Recording of monetary transactions and preparation of income statement and Balance Sheet. , (B) Supplying accounting information to the management for decision making. (C), Collection, classifiction and analysis of cost. BF All of these feria daied yor: Read data t 2 © (A) fade aes a sitter gem ona fiat wet Raft rarer ery a (B) Pris tg weer ot dala Gat wary SCT «© een aR SoM, Teer ee TUL ATS wT ASIA BT a @) awh Ni 2 What is the effect of Outstanding Expenses on Accounting equation ? 1 (A) Increase in asset and increase in capital, (B) Increase in liability and decreasesins capital. (C) Increase in asset and increase in ‘Tiabi (D) Assets and liabilities will not be affected. ar Shaw Ww aza wel aT wa aM eat F 7 (A) daft & gfe cen gull ¥ af (B) aaa ¥ gfe aa hh a (C) aafa % ge aan tan ¥ af ,2) daha cen Saanait oe ang orate WET ee 3. If more than two accounts are involvedsin a transaction, and only one 1 entry has been made for the transactidt, it is called : (A). Simple Journal Entry e{8) Compound Journal Entry (C) Contra Entry (D) None of the above cafe Rody ara FS ewe art eT gar Ae A er eH hae a ag a aa wet &: @ (A) arart dsrarrar fate B) dg Verrrar wlafe —— (C) arg wate {D) sate 4 8 a we = 4 Factors affecting depreciation are : 1 (A) Cost of assets (B) Useful life of the assets (C). Scrap value (D) All of these rae | BT Te reTCCHT wTTH E (A) dafeet at arnt (B) dofeat ar ordhh serene © wr @) awh 58/S/A—224-A | 3 g Contd... ae |5 ia prepared 19 bow the financial position of a 1 sicular date EQ) Trading Ave, ) I Balance Hee HY Ms fae, ey Ya gen sre sas 7 B) aurea )) terre: { Which of the © business om 8 PAE, (A) Profi d 1.085 ed (©) Balance Sheet yp Peter Raftt'sn fae Fafa FRET e (A) ance ore €é! (C)_ Rafe fear rtput devices ipelude : : ‘The commonly used oul? “=(B) Bar Code Reader (A) Printer \ Gp) Scanner (C)_ Keyboard aeege sume Y altar — a ae ao we (B) arente “er “ (D) Gare © as -_ Classify the following assets info Currer Intangible assets. A mh (a) Goodwill ue ere Receivable a (d) Debtors. (q) Building \ C c CG Patents ( _ Long-term investments \ (Patents se eat a Herc ae, RTT ARE. rar ret eel oer am, (@) we e® wrg fara () wat =) ter (oc) ater Fredet o tea Write any three limitations eat nity system of book-keeping. fate worst r 1 sro or oe A Define Trial Balance’ Explain any two objective got preparing wae at ihre | Tee & ag a aieat a rT What do you mean by ‘Prepaid Expenses’ 2 Give an example of the same and pass a journal entry of suchsexpensc. aa’ & anc aa aftr & ? See) TH Taree Afar en OA aa wet torre sfatte ot aire Expain any two limitations of a ony BERT BH By a dina wr ah Teal Journalize the following transactions jnza proper format. sels, Fixed assets and 3 ont. hh A, Trial Balance.ayel¥” J, J.) : : L tia ¢ ill ed, g Uf 4 (@) Sold goods on credit to Raman ‘of 10,000 (6) Cash received from Raman of im a discount of % 50. (c) Withdrew from bank for (Begone aa a * fer aren Prefeteed a-Si A darren wfahical aif ie Ssh 10,000 a were Are Get 1 ») TT ST 9,950 set ye 7 : wi wa 50H a aE I © Fr awd ty es & & 1,000 amen Pour | eae 58/S/A—224-A ] 4 poke. BD a [ Contd... om. e 0 Sev Ae13 14 15 16 17 58/S/A—224-A ] 2 : mal and Ledger. 4 Define the term ledger. Give any two differences, between Janae TN se arma! Te St eT ais | fi * in its significance. 5 State the meaning of business entity dofigept and explain BS SIG* TET FATE STATON aT re A, eee HEE A A re 5 Define the following terms within tworef three sentences each. at oe eT a a i eo a) Revenue(3irTa) qb) Creditor . o Drawings (site) a Wasting Assets (aaarer daft) (©) Debit (am) eS : From the following transactions prepare a simple cash book. 2015 Jan. 1 Opening balance of cash % 2,000 Jan. 3 Cash Sales % 16,000 2, Jan. 7 Sold goods to Kishore | _ = 1,200 Jan. 8 Paid wages @ = 500 Jan. 10 Purchased goods % 8,000 Jan. 12 Deposited into bank % 5,000 Jan. 17 Rent received e) = 500 Jan. 25 Withdrew for personal use yj} & 200 .——_—_— a E Reaetea. ge & cree we are Teagaget TEA : Dre AG leer 2015 oo TION tp watt 1 tes a aris my ER & 2,000 watt 3 weet fama P— = 16,000 wrat 7 feast at are Gar = % 1,200 oratt 8 wage St PTA = 500 wat 10 0 are weer = 8,000 wat 12) de 4 om fret % 5,000 wat 17 Piece oret feat 7 = 500 arat 25 itt sect 8g sree Prat = 200 A firm purchased furniture worth & 50,000 on 1-4-2011. The firm writes off depreciation under Straight line methodyat 15% p.a. The furniture was sold for % 20,000 on 1-7-2013. Calculate Profit.ot Loss on sale and prepare Furniture Account upto 31-3-2014. Accounts aré;losed on 31° March every year. we wt F 1-4-2011 at F 50,000 ar Cartier wt 15% ate = 8 aa ter fat & teat sraerermere srafaftad weit ®ala-7-2013 ®t F 20,000 ¥ wetter Pra feat ta | fama ok TH see PY at ToT are eT ua 31-3-2014 we ar witat Gat dare afi Uafaad 31 ant at adie fea oa e 1 What do you mean by Tally ? Write any four 5 features of Tally. 5 tet @ anger ear afar = 1 eit a ate are Reheat fae 1 Distinguish between Book keeping and Accounting (any four). 6 Want cea aie & dre ats ax az we aif | : 5 [ Conta...