E A

44 7A 05E EC3 3D9 9998 85E FA EE A1 861

7A 05 C D 99 5E FA EE A1 86 B8
7A 05 EC 3D 999 85E FA EE A1 86 1B8 B5
E 3 9 1
A0 05E C3 D9 998 85E FA EEA A18 861 B8B B56 6A1
5 C D 9 9 5 F A E E 1 6 B A 4
05 EC 3D 999 85 EFA EE A1 86 1B 8B5 56A 14 47A
EC 3D 99 85 EF E A 86 1B 8B 6A 14 47 05
EC 3D 99 985 EF AE EA 186 1B 8B 56A 14 47 A05 EC
9 A

Q.1 B
A E 1 5
C3 3D9 9998 85E EFA EE A1 861 1B8 8B5 6A 144 47A 05E EC3 3D9
D 9 F E A 8 B B 6 1 7 0 9
3D 99 985 5EF AE EA 186 61B 8B 56A A14 447 A05 5EC C3D D99 985
9 8 9 E A E 1
A 8 1 8 5 4 A
B 6 1 7 0 E 3 9 8 E 9
99 9985 5EF FAE EEA 18 61B B8B 56A A14 447 A0 5EC C3D D99 9985 5EF FAE
6 A 5

ix)
iii)
ii)
i)
99 985E EFA AEE EA1 186 1B8 8B5 56A 144 47A 05 EC 3D9 999 985E EFA AEE EA1

iv)

x)
vii)
v)

viii)
vi)
8 F E A 8 1 B B 6 1 7 0 E 3
98 5EF AE EA 18 61 8B 56 A1 447 A0 5E C3 D99 998 85EF FAE EEA A18 861
5E A E 1 61 B8 5 A 44 A 5E C3 D9 98 5E A E 1 61 B8

(AS-2 / AS-9)
N.B:

(1982 / 1972)
FA EE A1 86 B8 B5 6A 144 7A 05 C D9 99 5E FA EE A1 86 B8 B5

(33.33% / 25%)
EE A1 86 1B8 B5 6A 144 7A 05 EC 3D9 99 85E FA EE A1 86 1B8 B5 6A

(Current / Fixed)

AS-9
A1 86 1B8 B5 6A 144 7A 05 EC 3D 99 85E FA EE A1 86 1B8 B5 6A 144
86 1B B5 6A 14 7A 05 EC 3D 999 85 FA EE A1 86 1B B5 6A 14 7A

5.
4.
3.
2.
1.

(Capital / Revenue)
1B 8B 6A 14 47 05 EC 3D 99 85 EF E A 86 1B 8B 6A 14 47 05
8B 56 14 47 A0 EC 3D 99 985 EF AE EA 18 1B 8B 56 14 47 A0 EC

Inventory
56 A1 47 A0 5E 3D 99 98 EF AE EA 18 61B 8B 56 A1 47 A0 5E 3D

(Depreciation / Interest)

Consistency
A1 44 A 5E C3 9 98 5E A E 1 61 8 56 A1 44 A 5E C3 9
44 7A 05E C3 D9 998 5E FA EE A1 861 B8 B5 A1 44 7A 05E C3 D9 998

Issue of shares
7A 05 C D 99 5E FA EE A1 86 B8 B5 6A 44 7A 05 C D 99 5E

Repairs to Plant
‘A’ Group
05 EC 3D 999 85 FA EE A1 86 1B B5 6A 14 7A 05 EC 3D 999 85E FA
EC 3D 99 85 EF E A 86 1B 8B 6A 14 47 05 EC 3D 99 85 F E

(Replacement / Net Realisable)

Contribution to P.F

Right of Ownership
(Raw Material / Finished goods)
3D 99 985 EF AE EA 186 1B 8B 56A 14 47 A05 EC 3D 99 985 EF AE EA
99 985 EF AE EA 18 1B 8B 56A 14 47 A0 EC 3D 99 985 EF AE EA 18

(Manufacturing / Profit & Loss A/c)

98 EF AE EA 18 61 8B 56 1 47 A0 5E 3 99 98 EF AE EA 18 61

Manufacturing Account
Expenditure on Training
5E A E 1 61 B8 5 A 44 A 5E C3 D9 98 5E A E 1 61 B8
FA EE A1 86 B8 B5 6A 144 7A 05 C D9 99 5E FA EE A1 86 B8 B5

10 Loose Tools are _______ type of Assets.

EE A1 86 1B8 B5 6A 144 7A 05 EC 3D9 99 85E FA EE A1 86 1B8 B5 6A

Air Conditioning expenditure

A1 86 1B8 B5 6A 144 7A 05 EC 3D 99 85E FA EE A1 86 1B8 B5 6A 144

5 For Sugar Industry Sugarcane is ________.

86 1B B5 6A 14 7A 05 EC 3D 999 85 FA EE A1 86 1B B5 6A 14 7A
1B 8B 6A 14 47 05 EC 3D 99 85 EF E A 86 1B 8B 6A 14 47 05
8B 56 14 47 A0 EC 3D 99 985 EF AE EA 18 1B 8B 56 14 47 A0 EC
56 A1 47 A0 5E 3D 99 98 EF AE EA 18 61B 8B 56 A1 47 A0 5E 3D
A1 44 A 5E C3 9 98 5E A E 1 61 8 56 A1 44 A 5E C3 9
All questions are compulsory.

44 7A 05E C3 D9 998 5E FA EE A1 861 B8 B5 A1 44 7A 05E C3 D9 998

7 Power can be apportioned on the basis of _______.

(No. of employees / Horse Power of the machinery)
7A 05 C D 99 5E FA EE A1 86 B8 B5 6A 44 7A 05 C D 99 5E
𝟐
𝟏

05 EC 3D 999 85 FA EE A1 86 1B B5 6A 14 7A 05 EC 3D 999 85E FA

EC 3D 99 85 EF E A 86 1B 8B 6A 14 47 05 EC 3D 99 85 F E
Use of simple calculator is allowed.

Match the following and Rewrite both the sides: (Any 7)

3D 99 985 EF AE EA 186 1B 8B 56A 14 47 A05 EC 3D 99 985 EF AE EA

Page 1 of 5
99 985 EF AE EA 18 1B 8B 56A 14 47 A0 EC 3D 99 985 EF AE EA 18
3 Profit of 50% of cost is equal to profit of ________ on sales.
Figures to the right indicate full marks.
[Time: 2 Hours]

98 EF AE EA 18 61 8B 56 1 47 A0 5E 3 99 98 EF AE EA 18 61

9 In Hire purchase agreement instalment consists of ________.

5E A E 1 61 B8 5 A 44 A 5E C3 D9 98 5E A E 1 61 B8
FA EE A1 86 B8 B5 6A 144 7A 05 C D9 99 5E FA EE A1 86 B8 B5

6 Reserve for Discount on Debtors is debited to ________ Account

EE A1 86 1B8 B5 6A 144 7A 05 EC 3D9 99 85E FA EE A1 86 1B8 B5 6A
2 Interest received is to be recognized on time basis under_______.

A1 86 1B8 B5 6A 144 7A 05 EC 3D 99 85E FA EE A1 86 1B8 B5 6A 144

86 1B B5 6A 14 7A 05 EC 3D 999 85 FA EE A1 86 1B B5 6A 14 7A
1B 8B 6A 14 47 05 EC 3D 99 85 EF E A 86 1B 8B 6A 14 47 05

b) Capital Receipt

d) Value of Assets.
Working notes should form a part of your answer.

8B 56 14 47 A0 EC 3D 99 985 EF AE EA 18 1B 8B 56 14 47 A0 EC
Solve all questions after exercising Internal option.

Q.1 A Fill in the blanks with suitable words and rewrite the sentence. (Any 8)

i) Work In Progress

1B8B56A1447A05EC3D99985EFAEEA186
56 A1 47 A0 5E 3D 99 98 EF AE EA 18 61B 8B 56 A1 47 A0 5E 3D

c) Cost of Production
A1 44 A 5E C3 9 98 5E A E 1 61 8 56 A1 44 A 5E C3 9

‘B’ Group
8 Hire Purchase transactions are governed by Hire Purchase Act, __________.
44 7A 05E C3 D9 998 5E FA EE A1 861 B8 B5 A1 44 7A 05E C3 D9 998

h) Revenue Recognition
a) Revenue Expenditure
7A 05 C D 99 5E FA EE A1 86 B8 B5 6A 44 7A 05 C D 99 5E
05 EC 3D 999 85 FA EE A1 86 1B B5 6A 14 7A 05 EC 3D 999 85E FA
EC 3D 99 85 EF E A 86 1B 8B 6A 14 47 05 EC 3D 99 85 F E
3D 99 985 EF AE EA 186 1B 8B 56A 14 47 A05 EC 3D 99 985 EF AE EA

e) Wages of each Department

99 985 EF AE EA 18 1B 8B 56A 14 47 A0 EC 3D 99 985 EF AE EA 18
98 EF AE EA 18 61 8B 56 1 47 A0 5E 3 99 98 EF AE EA 18 61
Please check whether you have got the right question paper.

5E A E 1 61 B8 5 A 44 A 5E C3 D9 98 5E A E 1 61 B8
FA EE A1 86 B8 B5 6A 144 7A 05 C D9 99 5E FA EE A1 86 B8 B5

g) After payment of last installment

4 Carriage Inward incurred for bringing machinery into the factory is ________ expenditure

EE A1 86 1B8 B5 6A 144 7A 05 EC 3D9 99 85E FA EE A1 86 1B8 B5 6A

f) Area occupied by each Department

1 According to AS-2 Inventories should generally be valued at lower of cost or _______ value.

A1 86 1B8 B5 6A 144 7A 05 EC 3D 99 85E FA EE A1 86 1B8 B5 6A 144

j) Fundamental Accounting Assumption

86 1B B5 6A 14 7A 05 EC 3D 999 85 FA EE A1 86 1B B5 6A 14 7
1B 8B 6A 14 47 05 EC 3D 99 85 EF E A 86 1B 8B 6A 14 47
8B 56 14 47 A0 EC 3D 99 985 EF AE EA 18 1B 8B 56 14 47 A
56 A1 47 A0 5E 3D 99 98 EF AE EA 18 61B 8B 56 A1 47 A0
Q.P. Code : 19751

A1 44 A 5E C3 9 98 5E A E 1 61 8 56 A1 44 A
44 7A 05E C3 D9 998 5E FA EE A1 861 B8 B5 A1 44 7A 05E
7A 05 C D 99 5E FA EE A1 86 B8 B5 6A 44 7A 05
05 EC 3D 999 85 FA EE A1 86 1B B5 6A 14 7A 05 EC
EC 3D 99 85 EF E A 86 1B 8B 6A 14 47 05 EC
3D 99 985 EF AE EA 186 1B 8B 56A 14 47 A05 EC 3
99 985 EF AE EA 18 1B 8B 56A 14 47 A0 EC 3D
98 EF AE EA 18 61 8B 56 1 47 A0 5E 3
5E A E 1 61 B8 5 A 44 A 5E C3 D9
(07)
(08)
[ Marks: 75]

FA EE A1 86 B8 B5 6A 144 7A 05 C D9 9
EE A1 86 1B8 B5 6A 144 7A 05 EC 3D9 99
C0441 F.Y.B. COM. (ACCOUNTING & FINANCE) (CHOICE BASE) (R 2016) SEMESTER I / C0542 FINANCIAL ACCOUNTING I

A1 86 1B8 B5 6A 144 7A 05 EC 3D 99
86 1B B5 6A 14 7A 05 EC 3D 999 85
1B 8B 6A 14 47 05 EC 3D 99 85
8B 56 14 47 A0 EC 3D 99 985 E
A A 5
 E A
44 7A 05E EC3 3D9 9998 85E FA EE A1 861
7A 05 C D 99 5E FA EE A1 86 B8
7A 05 EC 3D 999 85E FA EE A1 86 1B8 B5
E 3 9 1
A0 05E C3 D9 998 85E FA EEA A18 861 B8B B56 6A1
5 C D 9 9 5 F A E E 1 6 B A 4
05 EC 3D 999 85 EFA EE A1 86 1B 8B5 56A 14 47A
EC 3D 99 85 EF E A 86 1B 8B 6A 14 47 05

Q.2
Q.2
EC 3D 99 985 EF AE EA 186 1B 8B 56A 14 47 A05 EC
9 A E 1 5 A

7)
6)
5)
4)
3)
2)
1)
C3 3D9 9998 85E EFA EE A1 861 1B8 8B5 6A 144 47A 05E EC3 3D9
D 9 F E A 8 B B 6 1 7 0 9
3D 99 985 5EF AE EA 186 61B 8B 56A A14 447 A05 5EC C3D D99 985
9 8 9 E A E 1
A 8 1 8 5 4 A
B 6 1 7 0 E 3 9 8 E 9
99 9985 5EF FAE EEA 18 61B B8B 56A A14 447 A0 5EC C3D D99 9985 5EF FAE
6 A 5
99 985E EFA AEE EA1 186 1B8 8B5 56A 144 47A 05 EC 3D9 999 985E EFA AEE EA1
8 F E A 8 1 B B 6 1 7 0 E 3
98 5EF AE EA 18 61 8B 56 A1 447 A0 5E C3 D99 998 85EF FAE EEA A18 861
5E A E 1 61 B8 5 A 44 A 5E C3 D9 98 5E A E 1 61 B8
FA EE A1 86 B8 B5 6A 144 7A 05 C D9 99 5E FA EE A1 86 B8 B5

Rent
EE A1 86 1B8 B5 6A 144 7A 05 EC 3D9 99 85E FA EE A1 86 1B8 B5 6A

Wages
A1 86 1B8 B5 6A 144 7A 05 EC 3D 99 85E FA EE A1 86 1B8 B5 6A 144

Salaries

charges
86 1B B5 6A 14 7A 05 EC 3D 999 85 FA EE A1 86 1B B5 6A 14 7A

Purchase
1B 8B 6A 14 47 05 EC 3D 99 85 EF E A 86 1B 8B 6A 14 47 05
8B 56 14 47 A0 EC 3D 99 985 EF AE EA 18 1B 8B 56 14 47 A0 EC

Cash at Bank

Factory Shed
56 A1 47 A0 5E 3D 99 98 EF AE EA 18 61B 8B 56 A1 47 A0 5E 3D
-Raw Material
Debit Balance
Opening stock

Bill Receivable

Advertisement
A1 44 A 5E C3 9 98 5E A E 1 61 8 56 A1 44 A 5E C3 9

31st March 2017.

Sundry Debtors

Factory Lighting
-Finished Goods

Paid Audit Fees Rs. 10,000

44 7A 05E C3 D9 998 5E FA EE A1 861 B8 B5 A1 44 7A 05E C3 D9 998

Factory Insurance
-Work In Progress

7A 05 C D 99 5E FA EE A1 86 B8 B5 6A 44 7A 05 C D 99 5E

Coal, Water & Gas

Plant & Machinery

05 EC 3D 999 85 FA EE A1 86 1B B5 6A 14 7A 05 EC 3D 999 85E FA
Freight on purchase

Printing & Stationary

EC 3D 99 85 EF E A 86 1B 8B 6A 14 47 05 EC 3D 99 85 F E
3D 99 985 EF AE EA 186 1B 8B 56A 14 47 A05 EC 3D 99 985 EF AE EA

Repairs to Factory Shed

99 985 EF AE EA 18 1B 8B 56A 14 47 A0 EC 3D 99 985 EF AE EA 18

Recovery of Rs. 5000 as bad debts.

98 EF AE EA 18 61 8B 56 1 47 A0 5E 3 99 98 EF AE EA 18 61
5E A E 1 61 B8 5 A 44 A 5E C3 D9 98 5E A E 1 61 B8
FA EE A1 86 B8 B5 6A 144 7A 05 C D9 99 5E FA EE A1 86 B8 B5
EE A1 86 1B8 B5 6A 144 7A 05 EC 3D9 99 85E FA EE A1 86 1B8 B5 6A
A1 86 1B8 B5 6A 144 7A 05 EC 3D 99 85E FA EE A1 86 1B8 B5 6A 144
86 1B B5 6A 14 7A 05 EC 3D 999 85 FA EE A1 86 1B B5 6A 14 7A
1B 8B 6A 14 47 05 EC 3D 99 85 EF E A 86 1B 8B 6A 14 47 05

OR
8B 56 14 47 A0 EC 3D 99 985 EF AE EA 18 1B 8B 56 14 47 A0 EC
56 A1 47 A0 5E 3D 99 98 EF AE EA 18 61B 8B 56 A1 47 A0 5E 3D
A1 44 A 5E C3 9 98 5E A E 1 61 8 56 A1 44 A 5E C3 9
44 7A 05E C3 D9 998 5E FA EE A1 861 B8 B5 A1 44 7A 05E C3 D9 998
7A 05 C D 99 5E FA EE A1 86 B8 B5 6A 44 7A 05 C D 99 5E

4,41,100
60,000
30,000
12,000
10,000
12,000

1,400
1,200
3,000
2,00,000
600
1,200
500
4,500

05 EC 3D 999 85 FA EE A1 86 1B B5 6A 14 7A 05 EC 3D 999 85E FA

EC 3D 99 85 EF E A 86 1B 8B 6A 14 47 05 EC 3D 99 85 F E

3) Advertisement prepaid for the next year Rs. 400

Additional capital of Rs. 2,00,000 introduced in business.

The following additional information is provided to you:

2) Outstanding wages for the year end was Rs. 2000

3D 99 985 EF AE EA 186 1B 8B 56A 14 47 A05 EC 3D 99 985 EF AE EA

Page 2 of 5
99 985 EF AE EA 18 1B 8B 56A 14 47 A0 EC 3D 99 985 EF AE EA 18
98 EF AE EA 18 61 8B 56 1 47 A0 5E 3 99 98 EF AE EA 18 61
1,700 Sales

5E A E 1 61 B8 5 A 44 A 5E C3 D9 98 5E A E 1 61 B8

5) Bills receivable dishonoured for the year end Rs. 4000

Legal expenses incurred in connection with the issue of capital

28,000 Capital

FA EE A1 86 B8 B5 6A 144 7A 05 C D9 99 5E FA EE A1 86 B8 B5
EE A1 86 1B8 B5 6A 144 7A 05 EC 3D9 99 85E FA EE A1 86 1B8 B5 6A
20,000 Bank Loan
The Trial Balance of Rahul as on 31st March, 2017 was as follows:

A1 86 1B8 B5 6A 144 7A 05 EC 3D 99 85E FA EE A1 86 1B8 B5 6A 144

4) Depreciate Plant & Machinery @ 7%, Factory Shed @ 3.5%

Furniture worth Rs. 20,000 destroyed by fire, which was not insured
10,000 Sale of scrap

86 1B B5 6A 14 7A 05 EC 3D 999 85 FA EE A1 86 1B B5 6A 14 7A
1B 8B 6A 14 47 05 EC 3D 99 85 EF E A 86 1B 8B 6A 14 47 05
Amount Credit Balance

8B 56 14 47 A0 EC 3D 99 985 EF AE EA 18 1B 8B 56 14 47 A0 EC
Sundry Creditors

1B8B56A1447A05EC3D99985EFAEEA186
56 A1 47 A0 5E 3D 99 98 EF AE EA 18 61B 8B 56 A1 47 A0 5E 3D
15,000 Interest Received

A1 44 A 5E C3 9 98 5E A E 1 61 8 56 A1 44 A 5E C3 9
44 7A 05E C3 D9 998 5E FA EE A1 861 B8 B5 A1 44 7A 05E C3 D9 998
7A 05 C D 99 5E FA EE A1 86 B8 B5 6A 44 7A 05 C D 99 5E
30,000 Commission Received

05 EC 3D 999 85 FA EE A1 86 1B B5 6A 14 7A 05 EC 3D 999 85E FA

EC 3D 99 85 EF E A 86 1B 8B 6A 14 47 05 EC 3D 99 85 F E

A Delivery Van worth Rs. 7,00,000 is brought by proprietor for business activities.
3D 99 985 EF AE EA 186 1B 8B 56A 14 47 A05 EC 3D 99 985 EF AE EA
99 985 EF AE EA 18 1B 8B 56A 14 47 A0 EC 3D 99 985 EF AE EA 18
98 EF AE EA 18 61 8B 56 1 47 A0 5E 3 99 98 EF AE EA 18 61

State with reasons whether the following Expenses / Receipts are Capital or Revenue.
5E A E 1 61 B8 5 A 44 A 5E C3 D9 98 5E A E 1 61 B8
FA EE A1 86 B8 B5 6A 144 7A 05 C D9 99 5E FA EE A1 86 B8 B5
EE A1 86 1B8 B5 6A 144 7A 05 EC 3D9 99 85E FA EE A1 86 1B8 B5 6A
A1 86 1B8 B5 6A 144 7A 05 EC 3D 99 85E FA EE A1 86 1B8 B5 6A 144

Prepare Manufacturing A/c, Trading A/c, Profit and Loss A/c and Balance Sheet as on
86 1B B5 6A 14 7A 05 EC 3D 999 85 FA EE A1 86 1B B5 6A 14 7
1B 8B 6A 14 47 05 EC 3D 99 85 EF E A 86 1B 8B 6A 14 47
4,41,100

8B 56 14 47 A0 EC 3D 99 985 EF AE EA 18 1B 8B 56 14 47 A
56 A1 47 A0 5E 3D 99 98 EF AE EA 18 61B 8B 56 A1 47 A0
Amount

77,450
2,60,000
80,000
18,000

1,650
1,800
2,200
Q.P. Code : 19751

A1 44 A 5E C3 9 98 5E A E 1 61 8 56 A1 44 A

This being obsolete, was sold off at Rs. 900 and was replaced by a new machine which cost Rs. 4800.
44 7A 05E C3 D9 998 5E FA EE A1 861 B8 B5 A1 44 7A 05E
7A 05 C D 99 5E FA EE A1 86 B8 B5 6A 44 7A 05
1) Closing stock: Raw Material Rs. 26000, Work In Progress Rs. 28000 & Finished Goods Rs. 25000.

05 EC 3D 999 85 FA EE A1 86 1B B5 6A 14 7A 05 EC
EC 3D 99 85 EF E A 86 1B 8B 6A 14 47 05 EC
3D 99 985 EF AE EA 186 1B 8B 56A 14 47 A05 EC 3
6) Goods loss by fire worth Rs. 5000 and insurance company admitted claim worth Rs. 4000 only.

99 985 EF AE EA 18 1B 8B 56A 14 47 A0 EC 3D
98 EF AE EA 18 61 8B 56 1 47 A0 5E 3
5E A E 1 61 B8 5 A 44 A 5E C3 D9

Plant and Machinery which stood in the books at Rs. 1,50,000 included a machine at a book value of Rs. 3400. (03)
(02)
(02)
(02)
(02)
(02)
(02)
(15)

FA EE A1 86 B8 B5 6A 144 7A 05 C D9 9
EE A1 86 1B8 B5 6A 144 7A 05 EC 3D9 99
C0441 F.Y.B. COM. (ACCOUNTING & FINANCE) (CHOICE BASE) (R 2016) SEMESTER I / C0542 FINANCIAL ACCOUNTING I

A1 86 1B8 B5 6A 144 7A 05 EC 3D 99
86 1B B5 6A 14 7A 05 EC 3D 999 85
1B 8B 6A 14 47 05 EC 3D 99 85
8B 56 14 47 A0 EC 3D 99 985 E
A A 5
 E A
44 7A 05E EC3 3D9 9998 85E FA EE A1 861
7A 05 C D 99 5E FA EE A1 86 B8
7A 05 EC 3D 999 85E FA EE A1 86 1B8 B5
E 3 9 1
A0 05E C3 D9 998 85E FA EEA A18 861 B8B B56 6A1
5 C D 9 9 5 F A E E 1 6 B A 4
05 EC 3D 999 85 EFA EE A1 86 1B 8B5 56A 14 47A
EC 3D 99 85 EF E A 86 1B 8B 6A 14 47 05

Q.3
EC 3D 99 985 EF AE EA 186 1B 8B 56A 14 47 A05 EC
9 A E 1 5 A
C3 3D9 9998 85E EFA EE A1 861 1B8 8B5 6A 144 47A 05E EC3 3D9
D 9 F E A 8 B B 6 1 7 0 9
3D 99 985 5EF AE EA 186 61B 8B 56A A14 447 A05 5EC C3D D99 985
9 8 9 E A E 1
A 8 1 8 5 4 A
B 6 1 7 0 E 3 9 8 E 9

iii)
ii)
i)

iv)
v)
vi)
99 9985 5EF FAE EEA 18 61B B8B 56A A14 447 A0 5EC C3D D99 9985 5EF FAE
6 A 5
99 985E EFA AEE EA1 186 1B8 8B5 56A 144 47A 05 EC 3D9 999 985E EFA AEE EA1
8 F E A 8 1 B B 6 1 7 0 E 3

1
98 5EF AE EA 18 61 8B 56 A1 447 A0 5E C3 D99 998 85EF FAE EEA A18 861
5E A E 1 61 B8 5 A 44 A 5E C3 D9 98 5E A E 1 61 B8
FA EE A1 86 B8 B5 6A 144 7A 05 C D9 99 5E FA EE A1 86 B8 B5

Adjustments:
EE A1 86 1B8 B5 6A 144 7A 05 EC 3D9 99 85E FA EE A1 86 1B8 B5 6A
A1 86 1B8 B5 6A 144 7A 05 EC 3D 99 85E FA EE A1 86 1B8 B5 6A 144
86 1B B5 6A 14 7A 05 EC 3D 999 85 FA EE A1 86 1B B5 6A 14 7A
1B 8B 6A 14 47 05 EC 3D 99 85 EF E A 86 1B 8B 6A 14 47 05
8B 56 14 47 A0 EC 3D 99 985 EF AE EA 18 1B 8B 56 14 47 A0 EC
56 A1 47 A0 5E 3D 99 98 EF AE EA 18 61B 8B 56 A1 47 A0 5E 3D
A1 44 A 5E C3 9 98 5E A E 1 61 8 56 A1 44 A 5E C3 9
44 7A 05E C3 D9 998 5E FA EE A1 861 B8 B5 A1 44 7A 05E C3 D9 998
7A 05 C D 99 5E FA EE A1 86 B8 B5 6A 44 7A 05 C D 99 5E
05 EC 3D 999 85 FA EE A1 86 1B B5 6A 14 7A 05 EC 3D 999 85E FA

Cash
Sales
EC 3D 99 85 EF E A 86 1B 8B 6A 14 47 05 EC 3D 99 85 F E

-Saket
-Saket
3D 99 985 EF AE EA 186 1B 8B 56A 14 47 A05 EC 3D 99 985 EF AE EA

Salaries

-Lokesh
-Lokesh
Debtors

Drawing
99 985 EF AE EA 18 1B 8B 56A 14 47 A0 EC 3D 99 985 EF AE EA 18

Creditors

Furniture
98 EF AE EA 18 61 8B 56 1 47 A0 5E 3 99 98 EF AE EA 18 61
Purchases

Bad Debts
C
B
A
C
C

B
B
Particulars

A
A

Loan taken
5E A E 1 61 B8 5 A 44 A 5E C3 D9 98 5E A E 1 61 B8
st

FA EE A1 86 B8 B5 6A 144 7A 05 C D9 99 5E FA EE A1 86 B8 B5

Rates & Taxes

EE A1 86 1B8 B5 6A 144 7A 05 EC 3D9 99 85E FA EE A1 86 1B8 B5 6A

Depreciate Furniture by 10% p.a.

Capital Balance
Advertisements
Packing charges
A1 86 1B8 B5 6A 144 7A 05 EC 3D 99 85E FA EE A1 86 1B8 B5 6A 144

Interest on Loan
Sundry Expenses
86 1B B5 6A 14 7A 05 EC 3D 999 85 FA EE A1 86 1B B5 6A 14 7A

Freehold Property
1B 8B 6A 14 47 05 EC 3D 99 85 EF E A 86 1B 8B 6A 14 47 05
8B 56 14 47 A0 EC 3D 99 985 EF AE EA 18 1B 8B 56 14 47 A0 EC
Stock on 1 April 2016

Electricity & Insurance

56 A1 47 A0 5E 3D 99 98 EF AE EA 18 61B 8B 56 A1 47 A0 5E 3D
A1 44 A 5E C3 9 98 5E A E 1 61 8 56 A1 44 A 5E C3 9

Wages of Department A

Outstanding expenses Electricity Rs. 3600.

Interest on Capital to be allowed at 5% p.a.

44 7A 05E C3 D9 998 5E FA EE A1 861 B8 B5 A1 44 7A 05E C3 D9 998

5% Reserve for Doubtful Debts to be made.

7A 05 C D 99 5E FA EE A1 86 B8 B5 6A 44 7A 05 C D 99 5E
05 EC 3D 999 85 FA EE A1 86 1B B5 6A 14 7A 05 EC 3D 999 85E FA
EC 3D 99 85 EF E A 86 1B 8B 6A 14 47 05 EC 3D 99 85 F E
3D 99 985 EF AE EA 186 1B 8B 56A 14 47 A05 EC 3D 99 985 EF AE EA

Page 3 of 5
31st March 2017. They have three departments A, B and C.

99 985 EF AE EA 18 1B 8B 56A 14 47 A0 EC 3D 99 985 EF AE EA 18

98 EF AE EA 18 61 8B 56 1 47 A0 5E 3 99 98 EF AE EA 18 61
5E A E 1 61 B8 5 A 44 A 5E C3 D9 98 5E A E 1 61 B8

22 % Reserve for Discount to be provided on creditors.

Debit Rs.

FA EE A1 86 B8 B5 6A 144 7A 05 C D9 99 5E FA EE A1 86 B8 B5
EE A1 86 1B8 B5 6A 144 7A 05 EC 3D9 99 85E FA EE A1 86 1B8 B5 6A
A1 86 1B8 B5 6A 144 7A 05 EC 3D 99 85E FA EE A1 86 1B8 B5 6A 144

16,51,600
25,000
25,000
20,100
3,48,000
20,000
2,40,000
12,000
90,000
16,000
20,000
11,000
14,000
94,000

6,000
4,500
2,40,000
1,28,000
2,00,000
42,000
40,000`
56,000

86 1B B5 6A 14 7A 05 EC 3D 999 85 FA EE A1 86 1B B5 6A 14 7A
1B 8B 6A 14 47 05 EC 3D 99 85 EF E A 86 1B 8B 6A 14 47 05
8B 56 14 47 A0 EC 3D 99 985 EF AE EA 18 1B 8B 56 14 47 A0 EC

1B8B56A1447A05EC3D99985EFAEEA186
56 A1 47 A0 5E 3D 99 98 EF AE EA 18 61B 8B 56 A1 47 A0 5E 3D

Prepaid expenses Insurance Rs. 1600 and Rates & Taxes Rs. 1500.
A1 44 A 5E C3 9 98 5E A E 1 61 8 56 A1 44 A 5E C3 9
44 7A 05E C3 D9 998 5E FA EE A1 861 B8 B5 A1 44 7A 05E C3 D9 998
7A 05 C D 99 5E FA EE A1 86 B8 B5 6A 44 7A 05 C D 99 5E
05 EC 3D 999 85 FA EE A1 86 1B B5 6A 14 7A 05 EC 3D 999 85E FA
Credit Rs.

EC 3D 99 85 EF E A 86 1B 8B 6A 14 47 05 EC 3D 99 85 F E

16,51,600
1,10,000
1,10,000
1,60,000
4,00,000
3,61,600
1,60,000
3,50,000

3D 99 985 EF AE EA 186 1B 8B 56A 14 47 A05 EC 3D 99 985 EF AE EA

99 985 EF AE EA 18 1B 8B 56A 14 47 A0 EC 3D 99 985 EF AE EA 18
98 EF AE EA 18 61 8B 56 1 47 A0 5E 3 99 98 EF AE EA 18 61
5E A E 1 61 B8 5 A 44 A 5E C3 D9 98 5E A E 1 61 B8
FA EE A1 86 B8 B5 6A 144 7A 05 C D9 99 5E FA EE A1 86 B8 B5
EE A1 86 1B8 B5 6A 144 7A 05 EC 3D9 99 85E FA EE A1 86 1B8 B5 6A
A1 86 1B8 B5 6A 144 7A 05 EC 3D 99 85E FA EE A1 86 1B8 B5 6A 144
86 1B B5 6A 14 7A 05 EC 3D 999 85 FA EE A1 86 1B B5 6A 14 7
1B 8B 6A 14 47 05 EC 3D 99 85 EF E A 86 1B 8B 6A 14 47
8B 56 14 47 A0 EC 3D 99 985 EF AE EA 18 1B 8B 56 14 47 A
56 A1 47 A0 5E 3D 99 98 EF AE EA 18 61B 8B 56 A1 47 A0
Q.P. Code : 19751

A1 44 A 5E C3 9 98 5E A E 1 61 8 56 A1 44 A
44 7A 05E C3 D9 998 5E FA EE A1 861 B8 B5 A1 44 7A 05E
7A 05 C D 99 5E FA EE A1 86 B8 B5 6A 44 7A 05
M/s Saket and Lokesh the General Provision Merchants have prepared the following Trial Balance as on

05 EC 3D 999 85 FA EE A1 86 1B B5 6A 14 7A 05 EC
EC 3D 99 85 EF E A 86 1B 8B 6A 14 47 05 EC
3D 99 985 EF AE EA 186 1B 8B 56A 14 47 A05 EC 3
99 985 EF AE EA 18 1B 8B 56A 14 47 A0 EC 3D
98 EF AE EA 18 61 8B 56 1 47 A0 5E 3
5E A E 1 61 B8 5 A 44 A 5E C3 D9
(15)

FA EE A1 86 B8 B5 6A 144 7A 05 C D9 9
EE A1 86 1B8 B5 6A 144 7A 05 EC 3D9 99
C0441 F.Y.B. COM. (ACCOUNTING & FINANCE) (CHOICE BASE) (R 2016) SEMESTER I / C0542 FINANCIAL ACCOUNTING I

A1 86 1B8 B5 6A 144 7A 05 EC 3D 99
86 1B B5 6A 14 7A 05 EC 3D 999 85
1B 8B 6A 14 47 05 EC 3D 99 85
8B 56 14 47 A0 EC 3D 99 985 E
A A 5
 E A
44 7A 05E EC3 3D9 9998 85E FA EE A1 861
7A 05 C D 99 5E FA EE A1 86 B8
7A 05 EC 3D 999 85E FA EE A1 86 1B8 B5
E 3 9 1
A0 05E C3 D9 998 85E FA EEA A18 861 B8B B56 6A1
5 C D 9 9 5 F A E E 1 6 B A 4
05 EC 3D 999 85 EFA EE A1 86 1B 8B5 56A 14 47A
EC 3D 99 85 EF E A 86 1B 8B 6A 14 47 05

Q.3
EC 3D 99 985 EF AE EA 186 1B 8B 56A 14 47 A05 EC
9 A

C
B
A E 1 5
C3 3D9 9998 85E EFA EE A1 861 1B8 8B5 6A 144 47A 05E EC3 3D9
D 9 F E A 8 B B 6 1 7 0 9
3D 99 985 5EF AE EA 186 61B 8B 56A A14 447 A05 5EC C3D D99 985
9 8 9 E A E 1
A 8 1 8 5 4 A
B 6 1 7 0 E 3 9 8 E 9

vii)

2017.
99 9985 5EF FAE EEA 18 61B B8B 56A A14 447 A0 5EC C3D D99 9985 5EF FAE
6 A 5
99 985E EFA AEE EA1 186 1B8 8B5 56A 144 47A 05 EC 3D9 999 985E EFA AEE EA1
8 F E A 8 1 B B 6 1 7 0 E 3
98 5EF AE EA 18 61 8B 56 A1 447 A0 5E C3 D99 998 85EF FAE EEA A18 861

2) Truck A/c
5E A E 1 61 B8 5 A 44 A 5E C3 D9 98 5E A E 1 61 B8
FA EE A1 86 B8 B5 6A 144 7A 05 C D9 99 5E FA EE A1 86 B8 B5

1) Vendor A/c

3) Interest A/c
EE A1 86 1B8 B5 6A 144 7A 05 EC 3D9 99 85E FA EE A1 86 1B8 B5 6A
A1 86 1B8 B5 6A 144 7A 05 EC 3D 99 85E FA EE A1 86 1B8 B5 6A 144
86 1B B5 6A 14 7A 05 EC 3D 999 85 FA EE A1 86 1B B5 6A 14 7A 40% respectively.

4) Depreciation A/c
1B 8B 6A 14 47 05 EC 3D 99 85 EF E A 86 1B 8B 6A 14 47 05
C : Rs. 40,000

8B 56 14 47 A0 EC 3D 99 985 EF AE EA 18 1B 8B 56 14 47 A0 EC
56 A1 47 A0 5E 3D 99 98 EF AE EA 18 61B 8B 56 A1 47 A0 5E 3D
A1 44 A 5E C3 9 98 5E A E 1 61 8 56 A1 44 A 5E C3 9
44 7A 05E C3 D9 998 5E FA EE A1 861 B8 B5 A1 44 7A 05E C3 D9 998
7A 05 C D 99 5E FA EE A1 86 B8 B5 6A 44 7A 05 C D 99 5E
05 EC 3D 999 85 FA EE A1 86 1B B5 6A 14 7A 05 EC 3D 999 85E FA
EC 3D 99 85 EF E A 86 1B 8B 6A 14 47 05 EC 3D 99 85 F E

Comment with respect to AS-9.

3D 99 985 EF AE EA 186 1B 8B 56A 14 47 A05 EC 3D 99 985 EF AE EA
the Balance Sheet as on that date.

99 985 EF AE EA 18 1B 8B 56A 14 47 A0 EC 3D 99 985 EF AE EA 18

98 EF AE EA 18 61 8B 56 1 47 A0 5E 3 99 98 EF AE EA 18 61
5E A E 1 61 B8 5 A 44 A 5E C3 D9 98 5E A E 1 61 B8
FA EE A1 86 B8 B5 6A 144 7A 05 C D9 99 5E FA EE A1 86 B8 B5
EE A1 86 1B8 B5 6A 144 7A 05 EC 3D9 99 85E FA EE A1 86 1B8 B5 6A
A1 86 1B8 B5 6A 144 7A 05 EC 3D 99 85E FA EE A1 86 1B8 B5 6A 144
86 1B B5 6A 14 7A 05 EC 3D 999 85 FA EE A1 86 1B B5 6A 14 7A
1B 8B 6A 14 47 05 EC 3D 99 85 EF E A 86 1B 8B 6A 14 47 05

OR
8B 56 14 47 A0 EC 3D 99 985 EF AE EA 18 1B 8B 56 14 47 A0 EC
OR

56 A1 47 A0 5E 3D 99 98 EF AE EA 18 61B 8B 56 A1 47 A0 5E 3D
A1 44 A 5E C3 9 98 5E A E 1 61 8 56 A1 44 A 5E C3 9

Compute the value of stock as on 31st March 2017.

44 7A 05E C3 D9 998 5E FA EE A1 861 B8 B5 A1 44 7A 05E C3 D9 998
7A 05 C D 99 5E FA EE A1 86 B8 B5 6A 44 7A 05 C D 99 5E
05 EC 3D 999 85 FA EE A1 86 1B B5 6A 14 7A 05 EC 3D 999 85E FA
EC 3D 99 85 EF E A 86 1B 8B 6A 14 47 05 EC 3D 99 85 F E
3D 99 985 EF AE EA 186 1B 8B 56A 14 47 A05 EC 3D 99 985 EF AE EA

Page 4 of 5
99 985 EF AE EA 18 1B 8B 56A 14 47 A0 EC 3D 99 985 EF AE EA 18
98 EF AE EA 18 61 8B 56 1 47 A0 5E 3 99 98 EF AE EA 18 61
was to be provided @ 10% on the Reducing Balance Method.

5E A E 1 61 B8 5 A 44 A 5E C3 D9 98 5E A E 1 61 B8
FA EE A1 86 B8 B5 6A 144 7A 05 C D9 99 5E FA EE A1 86 B8 B5
EE A1 86 1B8 B5 6A 144 7A 05 EC 3D9 99 85E FA EE A1 86 1B8 B5 6A
A1 86 1B8 B5 6A 144 7A 05 EC 3D 99 85E FA EE A1 86 1B8 B5 6A 144
86 1B B5 6A 14 7A 05 EC 3D 999 85 FA EE A1 86 1B B5 6A 14 7A

2) Goods returned by customers were worth Rs. 1800 at selling price.

1B 8B 6A 14 47 05 EC 3D 99 85 EF E A 86 1B 8B 6A 14 47 05
8B 56 14 47 A0 EC 3D 99 985 EF AE EA 18 1B 8B 56 14 47 A0 EC

1B8B56A1447A05EC3D99985EFAEEA186
56 A1 47 A0 5E 3D 99 98 EF AE EA 18 61B 8B 56 A1 47 A0 5E 3D
Prepare the following accounts in the books of Mahalaxmi Transport Ltd.

A1 44 A 5E C3 9 98 5E A E 1 61 8 56 A1 44 A 5E C3 9
44 7A 05E C3 D9 998 5E FA EE A1 861 B8 B5 A1 44 7A 05E C3 D9 998
7A 05 C D 99 5E FA EE A1 86 B8 B5 6A 44 7A 05 C D 99 5E
05 EC 3D 999 85 FA EE A1 86 1B B5 6A 14 7A 05 EC 3D 999 85E FA
EC 3D 99 85 EF E A 86 1B 8B 6A 14 47 05 EC 3D 99 85 F E
3D 99 985 EF AE EA 186 1B 8B 56A 14 47 A05 EC 3D 99 985 EF AE EA
15th April 2017, on which date the physical stock at cost was valued at Rs. 5,25,000.

99 985 EF AE EA 18 1B 8B 56A 14 47 A0 EC 3D 99 985 EF AE EA 18

3
1

98 EF AE EA 18 61 8B 56 1 47 A0 5E 3 99 98 EF AE EA 18 61
5E A E 1 61 B8 5 A 44 A 5E C3 D9 98 5E A E 1 61 B8
FA EE A1 86 B8 B5 6A 144 7A 05 C D9 99 5E FA EE A1 86 B8 B5

Method but not disclosed it in their accounts. Analyse and comment with respect to AS-1
EE A1 86 1B8 B5 6A 144 7A 05 EC 3D9 99 85E FA EE A1 86 1B8 B5 6A
Prepare Department Trading Profit & Loss Account for the year ended 31st March 2017 and

A1 86 1B8 B5 6A 144 7A 05 EC 3D 99 85E FA EE A1 86 1B8 B5 6A 144

86 1B B5 6A 14 7A 05 EC 3D 999 85 FA EE A1 86 1B B5 6A 14 7
Apportionment of all items in A, B and C departments to be done in the ratio of 40%, 20% and

1B 8B 6A 14 47 05 EC 3D 99 85 EF E A 86 1B 8B 6A 14 47
Sales for the period 1st April to 15th April 2017 was Rs. 1,44,000. Profit was made at rd on cost.

8B 56 14 47 A0 EC 3D 99 985 EF AE EA 18 1B 8B 56 14 47 A
56 A1 47 A0 5E 3D 99 98 EF AE EA 18 61B 8B 56 A1 47 A0
Q.P. Code : 19751

A1 44 A 5E C3 9 98 5E A E 1 61 8 56 A1 44 A
Q.4 A Roshan closes his books of accounts on 31st March every year. He was unable to take actual stock till

3) There were slow moving items costing Rs. 6,000 which could be estimated to be sold at Rs. 4,200.

44 7A 05E C3 D9 998 5E FA EE A1 861 B8 B5 A1 44 7A 05E

7A 05 C D 99 5E FA EE A1 86 B8 B5 6A 44 7A 05
1) Purchases for the next year included in stock amounted to Rs. 54,000 at cost less 10% trade discount.

05 EC 3D 999 85 FA EE A1 86 1B B5 6A 14 7A 05 EC
EC 3D 99 85 EF E A 86 1B 8B 6A 14 47 05 EC
3D 99 985 EF AE EA 186 1B 8B 56A 14 47 A05 EC 3
refused to accept the goods. As a result, the net realizable value was estimated to be Rs. 3,000 on 31st March

the dividend cheque was actually received on 5th April 2017. If Mr. Vijay closes his books on 31st March every
cash price of Truck was Rs. 5,96,000; Rs. 1,60,000 was to be paid on the date of purchase and the balance in
three instalments of Rs. 1,60,000 on 31st December every year subject to interest @ 5% p.a. Depreciation

4) Due to certain reasons some goods costing Rs. 7,500 were supplied late by supplier therefore the customer
Closing stocks were valued at Department A : Rs. 60,000 Department B : Rs. 50,000 & Department

year; can he consider income from dividend for the financial year ended 31st March 2017? Analyse and
99 985 EF AE EA 18 1B 8B 56A 14 47 A0 EC 3D
98 EF AE EA 18 61 8B 56 1 47 A0 5E 3
5E A E 1 61 B8 5 A 44 A 5E C3 D9
Mr. Vijay has invested in Shares of Tata Power Ltd. The company declared dividends on 28th March 2017, but (03)
Satya Ltd have changed their method of Depreciation from Straight Line Method to Written Down Value (03)
(09)
On 1st January 2014, Mahalaxmi Transport Ltd purchased a Truck from HMT Ltd on Hire Purchase basis. The (15)

FA EE A1 86 B8 B5 6A 144 7A 05 C D9 9
EE A1 86 1B8 B5 6A 144 7A 05 EC 3D9 99
C0441 F.Y.B. COM. (ACCOUNTING & FINANCE) (CHOICE BASE) (R 2016) SEMESTER I / C0542 FINANCIAL ACCOUNTING I

A1 86 1B8 B5 6A 144 7A 05 EC 3D 99
86 1B B5 6A 14 7A 05 EC 3D 999 85
1B 8B 6A 14 47 05 EC 3D 99 85
8B 56 14 47 A0 EC 3D 99 985 E
A A 5
 E A
44 7A 05E EC3 3D9 9998 85E FA EE A1 861
7A 05 C D 99 5E FA EE A1 86 B8
7A 05 EC 3D 999 85E FA EE A1 86 1B8 B5
E 3 9 1
A0 05E C3 D9 998 85E FA EEA A18 861 B8B B56 6A1
5 C D 9 9 5 F A E E 1 6 B A 4
05 EC 3D 999 85 EFA EE A1 86 1B 8B5 56A 14 47A
EC 3D 99 85 EF E A 86 1B 8B 6A 14 47 05

Q.5
Q.4
EC 3D 99 985 EF AE EA 186 1B 8B 56A 14 47 A05 EC
9 A E 1 5 A
C3 3D9 9998 85E EFA EE A1 861 1B8 8B5 6A 144 47A 05E EC3 3D9
D 9 F E A 8 B B 6 1 7 0 9
3D 99 985 5EF AE EA 186 61B 8B 56A A14 447 A05 5EC C3D D99 985
9 8 9 E A E 1
A 8 1 8 5 4 A
B 6 1 7 0 E 3 9 8 E 9
99 9985 5EF FAE EEA 18 61B B8B 56A A14 447 A0 5EC C3D D99 9985 5EF FAE
6 A 5
99 985E EFA AEE EA1 186 1B8 8B5 56A 144 47A 05 EC 3D9 999 985E EFA AEE EA1
8 F E A 8 1 B B 6 1 7 0 E 3

Issues
98 5EF AE EA 18 61 8B 56 A1 447 A0 5E C3 D99 998 85EF FAE EEA A18 861
5E A E 1 61 B8 5 A 44 A 5E C3 D9 98 5E A E 1 61 B8

Purchases
FA EE A1 86 B8 B5 6A 144 7A 05 C D9 99 5E FA EE A1 86 B8 B5

9/2/2017
3/2/2017
5/2/2017

27/2/2017
18/2/2017
14/2/2017
25/2/2017
15/2/2017
10/2/2017
EE A1 86 1B8 B5 6A 144 7A 05 EC 3D9 99 85E FA EE A1 86 1B8 B5 6A
A1 86 1B8 B5 6A 144 7A 05 EC 3D 99 85E FA EE A1 86 1B8 B5 6A 144

Date
86 1B B5 6A 14 7A 05 EC 3D 999 85 FA EE A1 86 1B B5 6A 14 7A
1B 8B 6A 14 47 05 EC 3D 99 85 EF E A 86 1B 8B 6A 14 47 05
8B 56 14 47 A0 EC 3D 99 985 EF AE EA 18 1B 8B 56 14 47 A0 EC Date
56 A1 47 A0 5E 3D 99 98 EF AE EA 18 61B 8B 56 A1 47 A0 5E 3D
A1 44 A 5E C3 9 98 5E A E 1 61 8 56 A1 44 A 5E C3 9
44 7A 05E C3 D9 998 5E FA EE A1 861 B8 B5 A1 44 7A 05E C3 D9 998
7A 05 C D 99 5E FA EE A1 86 B8 B5 6A 44 7A 05 C D 99 5E

3. Interdepartmental Transfers
05 EC 3D 999 85 FA EE A1 86 1B B5 6A 14 7A 05 EC 3D 999 85E FA
1/2/2017 (Opening Stock)

EC 3D 99 85 EF E A 86 1B 8B 6A 14 47 05 EC 3D 99 85 F E
3D 99 985 EF AE EA 186 1B 8B 56A 14 47 A05 EC 3D 99 985 EF AE EA

2. Transactions excluded from AS-9.

Write short notes on (Any three).
99 985 EF AE EA 18 1B 8B 56A 14 47 A0 EC 3D 99 985 EF AE EA 18
98 EF AE EA 18 61 8B 56 1 47 A0 5E 3 99 98 EF AE EA 18 61
5E A E 1 61 B8 5 A 44 A 5E C3 D9 98 5E A E 1 61 B8
FA EE A1 86 B8 B5 6A 144 7A 05 C D9 99 5E FA EE A1 86 B8 B5

OR
stores ledger by adopting FIFO Method:

EE A1 86 1B8 B5 6A 144 7A 05 EC 3D9 99 85E FA EE A1 86 1B8 B5 6A

A1 86 1B8 B5 6A 144 7A 05 EC 3D 99 85E FA EE A1 86 1B8 B5 6A 144
86 1B B5 6A 14 7A 05 EC 3D 999 85 FA EE A1 86 1B B5 6A 14 7A Units
1B 8B 6A 14 47 05 EC 3D 99 85 EF E A 86 1B 8B 6A 14 47 05

5. Deferred Revenue Expenditure with examples.

8B 56 14 47 A0 EC 3D 99 985 EF AE EA 18 1B 8B 56 14 47 A0 EC
Units

56 A1 47 A0 5E 3D 99 98 EF AE EA 18 61B 8B 56 A1 47 A0 5E 3D

4. Distinguish between FIFO and Weighted Average.

A1 44 A 5E C3 9 98 5E A E 1 61 8 56 A1 44 A 5E C3 9
44 7A 05E C3 D9 998 5E FA EE A1 861 B8 B5 A1 44 7A 05E C3 D9 998

1. Procedure of Issuing Accounting Standards in India.

7A 05 C D 99 5E FA EE A1 86 B8 B5 6A 44 7A 05 C D 99 5E

B) What are the features of Hire Purchase Transactions?

3700
4200
4600
3500
5000

05 EC 3D 999 85 FA EE A1 86 1B B5 6A 14 7A 05 EC 3D 999 85E FA

3300
3900
3500
3800
4000

EC 3D 99 85 EF E A 86 1B 8B 6A 14 47 05 EC 3D 99 85 F E
3D 99 985 EF AE EA 186 1B 8B 56A 14 47 A05 EC 3D 99 985 EF AE EA

Page 5 of 5
99 985 EF AE EA 18 1B 8B 56A 14 47 A0 EC 3D 99 985 EF AE EA 18
98 EF AE EA 18 61 8B 56 1 47 A0 5E 3 99 98 EF AE EA 18 61
5E A E 1 61 B8 5 A 44 A 5E C3 D9 98 5E A E 1 61 B8
FA EE A1 86 B8 B5 6A 144 7A 05 C D9 99 5E FA EE A1 86 B8 B5
EE A1 86 1B8 B5 6A 144 7A 05 EC 3D9 99 85E FA EE A1 86 1B8 B5 6A
A1 86 1B8 B5 6A 144 7A 05 EC 3D 99 85E FA EE A1 86 1B8 B5 6A 144
86 1B B5 6A 14 7A 05 EC 3D 999 85 FA EE A1 86 1B B5 6A 14 7A

***************************
1B 8B 6A 14 47 05 EC 3D 99 85 EF E A 86 1B 8B 6A 14 47 05
Rate in Rs.

8B 56 14 47 A0 EC 3D 99 985 EF AE EA 18 1B 8B 56 14 47 A0 EC

1B8B56A1447A05EC3D99985EFAEEA186
56 A1 47 A0 5E 3D 99 98 EF AE EA 18 61B 8B 56 A1 47 A0 5E 3D
A1 44 A 5E C3 9 98 5E A E 1 61 8 56 A1 44 A 5E C3 9
11
12
09
11
10

44 7A 05E C3 D9 998 5E FA EE A1 861 B8 B5 A1 44 7A 05E C3 D9 998

7A 05 C D 99 5E FA EE A1 86 B8 B5 6A 44 7A 05 C D 99 5E
Q.5 A) Explain the factors influencing the selection of Accounting Policies as per AS-1.

05 EC 3D 999 85 FA EE A1 86 1B B5 6A 14 7A 05 EC 3D 999 85E FA

EC 3D 99 85 EF E A 86 1B 8B 6A 14 47 05 EC 3D 99 85 F E
3D 99 985 EF AE EA 186 1B 8B 56A 14 47 A05 EC 3D 99 985 EF AE EA
99 985 EF AE EA 18 1B 8B 56A 14 47 A0 EC 3D 99 985 EF AE EA 18
98 EF AE EA 18 61 8B 56 1 47 A0 5E 3 99 98 EF AE EA 18 61
5E A E 1 61 B8 5 A 44 A 5E C3 D9 98 5E A E 1 61 B8
FA EE A1 86 B8 B5 6A 144 7A 05 C D9 99 5E FA EE A1 86 B8 B5
EE A1 86 1B8 B5 6A 144 7A 05 EC 3D9 99 85E FA EE A1 86 1B8 B5 6A
A1 86 1B8 B5 6A 144 7A 05 EC 3D 99 85E FA EE A1 86 1B8 B5 6A 144
86 1B B5 6A 14 7A 05 EC 3D 999 85 FA EE A1 86 1B B5 6A 14 7
1B 8B 6A 14 47 05 EC 3D 99 85 EF E A 86 1B 8B 6A 14 47
8B 56 14 47 A0 EC 3D 99 985 EF AE EA 18 1B 8B 56 14 47 A
56 A1 47 A0 5E 3D 99 98 EF AE EA 18 61B 8B 56 A1 47 A0
Q.P. Code : 19751

A1 44 A 5E C3 9 98 5E A E 1 61 8 56 A1 44 A
44 7A 05E C3 D9 998 5E FA EE A1 861 B8 B5 A1 44 7A 05E
7A 05 C D 99 5E FA EE A1 86 B8 B5 6A 44 7A 05
05 EC 3D 999 85 FA EE A1 86 1B B5 6A 14 7A 05 EC
EC 3D 99 85 EF E A 86 1B 8B 6A 14 47 05 EC
3D 99 985 EF AE EA 186 1B 8B 56A 14 47 A05 EC 3
99 985 EF AE EA 18 1B 8B 56A 14 47 A0 EC 3D
98 EF AE EA 18 61 8B 56 1 47 A0 5E 3
5E A E 1 61 B8 5 A 44 A 5E C3 D9
(15)
(07)
(08)
From the following data of Vashundhara Ltd for the month of February 2017 you are required to prepare the (15)

FA EE A1 86 B8 B5 6A 144 7A 05 C D9 9
EE A1 86 1B8 B5 6A 144 7A 05 EC 3D9 99
C0441 F.Y.B. COM. (ACCOUNTING & FINANCE) (CHOICE BASE) (R 2016) SEMESTER I / C0542 FINANCIAL ACCOUNTING I

A1 86 1B8 B5 6A 144 7A 05 EC 3D 99
86 1B B5 6A 14 7A 05 EC 3D 999 85
1B 8B 6A 14 47 05 EC 3D 99 85
8B 56 14 47 A0 EC 3D 99 985 E
A A 5