Seat No.

N25-104
Decenrber-2014
B.Corn., Sem.-l
CC-103:Accountancv-I
Time: 3 Hoursl lMax. Marks : 70

l. U?ct-r.t +ilfqd {utS-u lqlst-i 4000 fci"a? a,ti6e Pcate'la t 80-[ qsd? fsqA ?,uscr{i
{r+tL ,irqi. q?fdqt l*qt qt 20'16 -r$i e{s[.{l-i or?frtql Errrr t*s'l. 3?cu]r[ ur.i d.
uihd %srdlr { 5,000 r,t-i dhu-u t 15.000 t6cqr. H
J;
cu. 1-4-2013 {r il% uilqd t 2.50.000 aqr qru-{I gt.tt1 q$ ht'er q? qu{I d .}rtei
*[tErt'l-i d.?d % qtd 5?'[. a,tL qs1 uihel dr. t-5-2013-r[ *tr.uNs t2%iL rt.rardi.
[\[et .irr"LcL ulgsLqi reLLqi ]
(1) .lrtei vsr.r-u { 5.000..{lqrtr T 5,000 u-i i..rLcr q{-u t 7"8201scrrl.
(2) 1800he? u'i.6e q.i.fctru Eqd qr 25%-t$).rardl-I eLidl .iz{.
(3) 1000 lea? uirJq erth,rL lE'r,t qe 50% -r+i .larql.i an.I .iz{.
(-t) 400 fetz? r,titia rotth,tt G*{d itt 2-s% -t$'[ alatdl-i u)t'qe-tl c{ett*tctsfl .ttt-i
{t.
(5) 200 [i.ta? ]ritie d.r.r .r,ttrer qL) eLth,tr E-t.i ui'la'l e1E.
(6) 200P.ta? dde.[sr6-trri -rLrL uLli *qi, aqrl).llru iq-tlai { 10,50015c4t".
(7) eer ut qrL ,'i-i -ut,Lr, erq[" .lq-tt ,rLiie{} { zS,)uL ..i"I tg*r qge qrt.
helt.I59zi, *ttt'l a4t3d r,li 2o,'o r4LuL*{l }t1$ct l,itltctL*tl uL{ t}. ut Gqtict ht'ee.}
?,1.Sc[, Ut+trr{I utLS.t UJl .t+L-t'[ et[c16t[t t.t[ qtS'l-tt rf{eL ai-{t t*tt'[ li8 attct
+tLrr.tt.tl ti.
G\n-il l.t.L.rl qae{l u)he{r ar.Iqi ut.srr q.rcr qrq r,r.l l.ttet{
"ud ittt *r'i.
ue{qt
(a) ctt?r[h,t rl-t-iLtl.r ui.te-I r,tts.te{l .irt.tL qiseft *-[1 qsaa [*qd f 2,62.500
ZSO
sc[I. trtLi ar?lcrqr Eqd r 3.00.000 ectl. rqLecild qLe *riredl ( n.250 tl
"rr{
r.tT. *qi flru-u { 2.250 -r) ilqL.it qtJ mq t}. 7

emtql zs d-riLd.t -trrL qLr[I "hL erqL-fi ts*r ,.i.) dlqr iq-{l cl?+eil { 24.638 -[i
tsrr c{re..ft-i qutl d. ui-te} "Lr*'l{t ,i-tiLt5.l oLrlir,tr E*r.} .hfl. *-ri .trlLer q{
t 4.500 e.ti. U)-rcI daleL \& 7a,h *hqLt rtr{l otLZr[].] ""grr apfl e*rr{i.
eur.ft{L q'[q] ]usd.-]ucr "rLd u-i ui-re{
"rLqi irLr *rI u-I u}{etr
qiq] qtt.[lt utt( il'tLt Eri.
N25-104 P.T.O.
 (b) urslit,u+i { 30.000 ti qre 6ttt {zq'i, d. uL iifi { 7.500 t) uE ilqLatt 'LLett
er.ti .}.ft qtildl 1tlr,i ZS'iut *t,r'tt ti.
utuL,[i ul3c1 'l r,tqtd eitt
d utur*ft uttsct 3% utit.tL*tl r,tL{l e1,+ ..tLl ut-iqiqi
aLi G.re-tr o+.tgLti.[ .tltl ursl.t.tL u.i qteqe[l-tt e"t]. 4

(c) 'titt et"rl : (cLrI ri aie) 3

( I ) ttttl..rt q.tts u"i ?,I.+tLql'q 6tctl.3

(2) Ul.tl't? +ai*{ letil't
?. riv,r u.i .,r{< qt.[leLt'[*ti 4qi sl t] ,,tt -tti lruLt ,iu.ti 1s1tt uqLetqi
'titil 'j
d..lqe1 q'l.rL-u kuLtft q'[rrsr at.r[*ro t'l.l tL".tt tql..t'l.i lrot't1 qLfs.[l .].'t'tt
l,tE?t le+ttq)\lsf[ ,iut.t.tt*ti uL.{} t}. 11

(l) ctt. l-l-2013'tt eiz{ '}At RsLtetlg qag :

$t i+t t [\esa-ciuri t
1.00.000 Vrft-t ,t3t-t s0,000 -
elertul
tdlEsl 25.000 qr[I-rr'[ 1.00.000

qtE'l. ttcttt 95.000

lsctttl 2.500 +aig
*ls'l qt.tt: L.rLeLei 87,500

+tr,{ l.,so"ooo 6ltt E{t. rrt-ll.}tct 1.250 86.250

r,)* _ t.oO"OOO 2.s0.000 eietl $s1 30.000

riEs u)* lilc.r 16.250

3,77,500 3,77,500

(2) clt. 31-12-2013'tl. tiv '1tt uol td{ tirs uLd:

h.t* { [\.ra T

6u.. l,tt. eltc4t 16.250 ,t.tLt ttt,i 55.000

il.rrart1 1.93.750 ,Lqt1 45.000

"tt,i
Aeftgs1 "tL.I 42.500 L.tlgsl w,l 15"000

trrt.fi tSX.ft e'i-t 50.000 eletatal ,,trrl 60.000

(dr. r-7-2ol: -tt tir) ,,iRU "t.i .,tLri 7.500

qrft{?'l qt.I (.tt. 1-7-2013) 50.000

rigs {qrer 1,00.000 95.000

"rc'Lal
6qrs
+[r,r 30.000
ry{< 30.000 60.000
ott.Ut.Ad .1,+t. 15.000

4,02,500 4,02,500

7
N25,104
 (i) .t{ etFtttt't'tt ttt'tgtt-l:
[I.t* t
utrlet qat.t 1.250

it.rtct ,{t.t 2.s00

.tu}e .rart 2.500

,,tr'[t qta 1.250

(1) ctt. 3lil2l2}l:'t'l t'ttsl

[\.t.t t
rais 1.25.000

eiettgTl 15.000

L.{IE{t 45.000

il.trt rti 1.15,000

eieret?,1 65.000

(s) e-{tetu):
(1) qr[t'tt'[ ttt 'itNE l0% A,,"t
et+tttt'fl "irtt'rLd rtl
(2) L.tteLel q? 2% a"i ,+r.nqtq a't-tLrtrt-[l zi.L.+tts gtl.
(3) 1s'l ut 'tLNg l0% Abi ottv 'teti'
(4) ,1*+tt-ti qrS'l q.rta u-I .tp'l'ft t*L u1*tl { 2.200 t't'i f t.250 d'
ctl.' 31 -12-2ot:tt t1v U?t eldt td{ '}urtut(' 'ttt-tsuL't "ttd
rt"I cttt'lu{
'l
u( +rti{ i'+re *ti'
uetqt

(a) *t) lu,ars1ar ritl-fl .fl.}'{i l.t.r.t) ut{t Ee .ri*'{I "tt'lt't u'i'3e 'i".,l dqtct
7
ruiq'i.

(l) t-4-13 31-3-14

htr*ai u"i dqi
t t
1.25.000 1.00.000
L.rratil
elcreui 1.12.500 1.50.000

25.000 87.500
Aett(s1
30,000 42.500
t.fig$
3 P.T.O.
N25-104
 (2) q{ gr,h.u'ttt ",rqgtti (

L.rraLti lt[+]q'l rttie ti*s 7.50.000

37,500
L.treLel.l UttrlA qat.t

E{tatqttt 25.000

il.ueLt.ta'l +qe rie "t-i

12.500
I

I Lciertioi
qa-.t sie qtct 20.000

i elcreui-i \t?d sie ltrct 11.500

I

37.500
I idLqsl'tt tscrtl
I

62.500 )
i eistlds'ltr q'"tL
I

eiettLtit ?#c4t 4,50.000

I
I t'igs qtlt'l r.50.000

.ri.f tiss .IqreL 20% d.

(b) a,tr*-ti{t ,,reLtg{l eL"IeiL lstttqi la'tiql qe,lrtqi Iq1 ?'lA }t.f[ ttst't r I
J
(c) r,I*-tit{| qdf.t .,t.i la'tiq'l'tl ct$tclct U'l?flqi"

dt. 30-6-20t: 'ti aiv ['R't a}-aaltdU.tt .tlSt6't't[ rtr.t et.ft ultLtt leq'i utLt{lt

rtt.ie ti. at' 3t-3-2ot: .tt tlv qtt ual 'rd'i

T 1"60,000 'tI qtal{L +ais'ti q'l.tl AqLqi

i.uu "ud -fta) .jrr od. t4

a-
iurt ut{ %.
Y-
[i"t.t { [\.ra {

1.76.000 .i.lteL 8.00,000

tttra,tt.t't) +aiS
7,20.000 r4L1,i? +aI* 2.88,000
"rt'lt'l
UltctS qtq cttstctts 80.000

$tati .tti 1,12,000

lo,88,0oo 1o,88,ooo

ct$ fgqA ulg.trqi ?at.ie d' q.i etLeqtt rirti $etLa

dl.. 31-3-2012 qU'[ +a'|s 10?'o ]

rt't.I tox utltsl Ett.i ulE'l"Lq[ r*L'] d.

4
N25-104
 ctL. 1-4-2013 e{l ut.L ettcql ctttl',t gt{Itr ortett} '[lt] ltot o.tt.

['.r.ta (
"t-""It
qte q?"d 4.5(r.000

l,iL:l&}-LtQ 3Ll"St frtt$ 32"000

%tcLElttct cttst ctts 48,000

cta{Lqt 6.00.000

d.i.r. ctq?lqt qL) etitlci qtq tq]''tl 40.000

urtr.}L {qLqtrti PtLq d.)

orqidL efttle qL..t < :u.ooo'ti s.t). r,tttL olott+i'tI ut{ t 8.ooo qqi. 6qtLd 'rLls.ft'l
uLo-1| tr.rL.[I tgq tritt'[.
uclctt
- ta) a{I l.rr.i { 1,44.000-ft tsL.tr 1*+rLt-[ ,{'irfl+tl eftO. t"ti,tttt'['t] uq'{ r qLu'li d.
u dt.3l-t2-2013-u tlt Wt ettl +t{.}rtLet ( 11,20,000 od ur'i ti"t't}'t+i
{ 1.12.000 eci. .ttL-Xsut-t utt.t T 7.200 urL.ll q.{tL Gtrtt.rtrtl ]ttdtl e.Lr. * tE'l
{ 1.600 Rel*tri.ti dl.ri AqLqi uL"+I -t?.t'I. .tL. l-4-14 -tt t}r utct 'ntcfl d{t
.a1{ }ae1E u.1hr,il uas'l .L$. att tttv+{ ctr. 1-4-1: ril:o-o-r: qulf iqLet
{ ud tt'I a % hqL{k u*rt{ 2a14 t {''LteL { 1'lz,ooo oqi'
3,24.800
rrL.31-3-2014 -rL Zlr '1tr uA[ ttLt-'Lru{ .}qLet T 12.00"000
g(. dt. 1-1-2014 s{'l
6cqrt.r4 XuLi.d ,+alodt zot+.ri .l.{reL e? 2.59/o ct$ -t$i qqei.
aLtL{'ras tqtt sti.
(b) u.r-tt.fl. ,ldtql +trrr er.[. I'Lers,r) ,ts{r ttiaLqL.t-t} +ais -tttt qL*qi. -tl{'ft h"La'l
,{?.qq ,l.d't-tL .l.irtsLtt[ UL*t-titt AqI.
qlq] .[qr iq'{tl,l
fi.ra Eqa *i{r Eie
t (
tl-[qa 6.000 4.800
*tt[tt'[ c).000 7.60t)

-tttrttrie +a)s 2,600 2,000

,+L*IQ +aIE I,000 800
tSttt-t
-t+L{ 4,000 3,000
lsut't
l,ttct oJ$ tct.rt-tl 200 200
"t.i
qqrrr-[ h.tal:
(l )
tsur-r qLto +a)r { 4oo.
r\ \
(2) 'tt['tt lsut-t-fl .iEt sta ?5]t'tt 309/o ?,t[ctcl"l.
clq"{ atcl,ct[ E.

N25-r04 5 P.T.O.
 (c) lstiU c{btl :lcpi .i uisl
(l) qrRqrLfq*
1*urt-[ ,tetl+il
(2) ,,5rtLie .lqteL
4. Itti,te is{ +tteLtte-ft qtct*tl ]i.s trutL t]. tr.r uiftu 1r"rt-t
1or [i*tct q? 25% "rsi
Qrifl,i otrftt.+r E,{.} *1e *tisel d. 1r'u tiss r,t.i Gtlteil *rLe {a) t}. ,r,,i.{l Cril e'i.rs
3*r r,iRut *li*ctdl L ts. tL"iLtL 6rtr. "tu[ xw utiRn pd t],
r'rq"€,tcu.t
t4
-ftt artl.tq trk.[ ut{l ',1*r r,tiRutr .tiui gra 1r"1{'trqi, lruu1 .iura
"1d u-i
tu"tr{ -r+L t3+tr-r uuqi q.trd.
[h"t.t l-4-2013 3r -3-2014
+a)s lc.ttlct,tr Eq.i) 28.800 36.000
L.tre,iai 1,09.000 1.68.000
+F[art 8,000 ( r)
-
t t.ttGel] XS+e t'[*ti 640 480

1*rtt-t) ottg'l rt.ttt 4.320 2.560

q{ er[\.rtttr arqgrtl:
[i.ta (
riss .Iqrsr I "
12,000
L.uart ,urip{l qule r)*s ('r )

.lteEi-l ur{e qat.{ 3,200

ttt.dl,tttt 2.400
glteslli ,rtd *ie q.ra 5.600
qteE) ,,tt.l Gtttla ..tLz 2.880
tLr"tt-I ,tiscia ue (t*tefd,rr Ertci) 3.84,000
ttt"ud qa,r Eie ttet lcttla,tL tiq..i) 57.600
lur uiftti ,1s{et u.r[

h.ra t
1tcu.? 54,400
dl.ti 6080
tLl(?'[ I 1,200
tuqrd sier 6trLr Q.*rLer 3.92,000
tr"u-l *ti*ele tF[qr (l-l-14) 19,200
s,F[qt ,+t .uNr tsx rturt) Erq.tr-r1 d.

N25-104
 .Ll{.t.tt-tL i-s,irt }s{'[I qeuts*ti r,il Uci.a tLtrtt t]. r,tt ttLttt.j ctt. 3l-3-2013 'tt
t4
ritl rt{ tt{ii 't'l.l uqLc} d :

qicti +ais (.ti. 1-4-12) 50"000

rttct.l'l q{lel a,t.i i.tLeL 2.24.000 4..30.000

1'r .,{tR+Idt qule qte 1.64.000

1".t r,[iftU.i .tt.t q"te

14.000

.ft.t r{-i i..ftet q?..t 8.000 4.000

"tejlt
.1-t a,tiRUt "tt( 1,24.800

I " 12.000 64,000

I.treLt) r,t.i eicreLti
t'[rs rtt otE [ites 72.000

ltct[? 54,000

Gil$ 12"400

qetcl 14,800 17.200

de{t sttst ctLg 8.800

t?
tt?t?Bt r4tq$ 16"000

qqttt.[l *itlgrfl:
(,i) dL. 31-3-201:'tt tit qtet'tl +aig t 1"28,000'
gttl'
(2)dt. 31-3-201:'tt t}ry 1r'ltt'ti otrg'l 'tttLt t o,ooo
(3) dt..27-3-2013 -u. t)r tq uilR+i trttt-I ,tI*Ae { to.ooo't) ttct ttt"tt'I
dt.4-4-201:'tt tiry quttl e.t'i'
(4)d1,.28-3-2()13-tl.tivttL'rtuil"tuiR+r.l*tlsc}ett20.000.fttlgsytuil++t.i
dt. l-4-2ot:'tL t1v qufl e.[t.
(5) rlrqr{r +tt'htt{ ut[( Uurt ,,tlft+rtt ql't] tt"t'tt'ti ur{ d. *t}[qt 'tt t Z'ZOO'tl
,l"tttti qiSl .ttut.tt.t} d.
Grtt-ft *rilgrfl qt{l .reuLs ul,tt-il" .ttN* leutqi fi.qta Eti.

ttct.t?'l-tl
5. -il.i uuiar tar ur-r'[-u ,,]*eil tE h+eu'i ur,]o t]. urql l.t*aq rit{l .t'trtl
elrlqi : (ctel ci UtA)
14
?,ltt{1.?

(1) ettsh,ttat .{i.i "{flt'l etltletr qlet q? rd uts.t alstt'+ t]'l

(a) uta'l urs.t 0) t'tt+ttt'ft Uttsct

(o) r,trUL*il Uttsd (c1) r.,tt3d qSqrt[I 'tefl

P.T.O.
N25-104
 (2) r.uaqqnt,i 3000 fea? Ihre hatgla T 50 -u" ett.i uus,t'[.rL.i utsas{l {+tL *tl*qi
U.l "t.[-tt t 21.000 l8crtt. qt.r{iet.tttt fLtel tSO Peet'tl .tft't[ qa qs'L.
r,tLsGt.tLe,I 2,550 P.tze f ZS -tL otL.r .i.3 oit .ti +tL"tt +a'i.f.fl Eq,t iaeil eq)':
(a) t18.000 (b)
t15.600
(c) Tl7.l00 (d)
{1s.000
(3) dL. 1-4-20t:.rL riry lq,e*d-t'l qrs'[{ i.90"000d. q} tu"ttt .tt. t-10-201: tt tit
,rigAe ti. .n.3l-3-t+ -rL el.r .rL[i{* roqr. ci"i +iiq'l etlfl-t'l qafdi .tuLai cLqLL{
0. .tr.3l-3-2008 {r t1t ru.i,u-u qirri haga-[I quttt otta lgrt.t ]aeft .tett.t ':
(a) {1.70.000 (b) {1,e0.000
(c) t1.80.00 (d) {1.71"000
(4) 1*t uiRil tr"tL.I .td eth,rLl" t 4.-s00 .ieL rlss qL) *{iEe.+L. .r{.t'[ tttrutrt*tl
.,r-1 r,ii tt"tr qr+I tzL t)*s u1*,t t 1.200r,t'i t szs e.[l' q?WqL qtifl tgtt
t c[q[[q'
--- { 4,875 (b) { trt.so0 -Y
(a)
(c) { s.700 (d) { s.325
(5) t tLoL-L etl{ r.,}f .irtL?'[-ti { 60,000 t'l tiq.tt'i ,tLd l"1LcLdl qu[l tLtti, e+tl < 12,000
-[ Eqa-t'i rLre ]u.rr[ q{I t.rr .{rr,r). qler{L *eitti +titLiL req r s+.ooo'ti
.[rt) 6dtL{e e.il. tt.tL-ft esq rtiq1.
(a) { 4s.000 (b) t 43.200 (c) { 36.000
(6) rttr-t't +aI* { 54,000, "tZ'lt't T 3.30.000, .i,rLgt t 4.80.000. qttL'te qle t +.SOO r,t'i
SLqU -t+LtI g? q3d? q? 50 aft e'i..t .tl a*.tq'[ ttufl .L{e
qt'.i'[l Ett.t .LCti.
(a) { se,s00 (b) { 64"000
(c) { 3.20,000 (d) < 3,84,000
(7) tlfs qt'[e'[ { 3,000. tilS {.tLCi 4.000, 6tt[? .i,+tqt t 17.600. 1'tt1't? +aig
{
{ 1.500. rLlutto'ri +ais f 2.500.'t+tti t? tut lg*t.t 'tt 20o,"o 3t{L? ut'-'lt'l rr'i.tti'
(a) { 14.000 (b) t 18,000
(c) { i4,5oo (d) 6ut{ a}}'t te'l l--

(8) 6tut I rqr qL$'[ rrito{ -{l{ etl.ieL "tt.tL.,ti tisl r{ "ttg oLLsltt i,l-rt "tt.tLu'['ft
<'tt*"I Stctt [.rt A tttEl traL.i t] 'l
(a) Aetlgslui{ 'ttd (b) 1.fl${tu}t utt(
(c) eleLtrti{ "tLd (cl) 1s1 "tLq
(9) qe uls.rit{lqi ,Iar.tiq'[qi qra tL"t.tt*tl uL.i d. t*ttl qt.tt.te'[*t[ qta
.tt l,ltd; g.[.t t].
(a) ilrs*Iq., ".tls.t (b) eicLertl, i.ttttti
(c) "te'[t, 'tlq, lqescti
(d) r,tLrtls{l ,,}St{eL {g'l

N25-104 I
 I
I

Seat No. :

N25-104
December'2414
B.Com., Sem.-I
CC-103:AccountancY-I

Time: 3 Hoursl [Max. Marks : 70

l. Sar-nlil of Surat consignecl 4000liters of oil at cost of { 80 per liter to his agent Mihir of
Murrbai. But the pro-tblu,a invoice was made olit at a figr:re so as ttl sltou' a protit of
2096 on invoice price. Saumril paicl ( 5.000 tbr octroi and { 15.000 for ltrsurauce. 14

On 1-4-2013 Saumil clrerv a bill of t

2.50.000 fbr three month on Mihir rvirich rvas
t iplnecliately returnecl by the later duly accepted. Saumil discounted this bill on l-5-2013
at 12o,'o discount p.a. Mihir reported in Accoutnt Sale that
(l) He paid t 5.000 fbr octroi. { 5"000 for insurance ancl t 7,820 tor selling e\pelrses.

(2) 1800 liters oil were sold tbr cash 25% profit on iuvoice price.
(3) 1000 liters oii r.,n,ere solcl to Dax at 50% profit otr lnvoice price.
(4) 400 liters oil rvere solcl to Yash as per recomlnendation of Saunlil at25o/o profit on
Invoice price.
(5) 200 iiters oil were purcirased by liim for his personal use at tl're invciice price.
(6) 200 liter oil were clestroyecl in the godowu t'or u'hich the ittsttrance compally paid
( 10.500 tbr clain-r.
(7) Both Dax and Yash were cleclared insolr,emerrt ancl 7596. Ailor"rnt receir ecl tt'ont tltenl.
Mihir is entitlecl to receive a general courtnissit'rn of 592i, on sales and 29'6 clel credere
cotrmission on creclit sales and he is also entitlecl to receive l,'8 share of net protit afier
declucting both colnmission and share of protit.
Frolt tfie above particulars prepare Cousigntnerrt Aic. and Mihir's A/c. in the books of
Sar-urri1.

OR
(a) Bharti sent 750 peu drives on consignmettt to Soual at total cost of t 2.62.500 and
the protogrra invoice price rvas t 3.00.000. While dispatching goods tlie cousigtror
paicl t I1,250 for expcrrses which includes t 2.250 tbr lt'tsurauce Pretnium.
I1 transit 75 prenclrive were destroyecl. The insuraltce colllpany paicl { 24,638 to
Birarli, Sonal solcl rernaining pendrives at invoice price. The selling expellses was
( 4,500, Sonal paicl the balaucing amoullt atler deducing 2% comrnission on sales.
prepare Consignment Acconnt and Sonal's Accotttlt in the books of Bharti arld
Bharti's Accouut in the botlks of Sonal. 7

N25-104 9 P.T.O.
 (b) Consignee has sold goods lt'orth t 30"000 on creclit or"rt ol this o,e clebt.r
of
{ 7.500 becanre ittsolvettt and ti'onr him 25 paisa in a rLrpee is receil.ecl.
Gir,"e "loumal Entries in the books of Consignee and Consignor lr.hen cjeclared
cotllt'lissit'rli is given at 3 perceut ancl rvhen clel creclere comnrissiop is pgt giyen. 4
(c) Write a notes on : (any, one) 3
(l) Norrral loss a.d Abnor,ral l,ss of Cousig,r,e,t A,,c.
(2) Valuatiorr of closing stock <if consisnment

2. Sanfay and .Tayetitlra u'ho \\'ere carrying on busiuess in parlnership ancl sharing profits
aud losses in proprirtioll ort their capital. clici not niaintain their books of accolrnt
properly. Follo'uving itrtbnnation was obtainerl fonn their incoprplete recorcls.
l,l
(l) Statement ofaffairs oft'ir-rn as on l-l-13 :

I",iabilities t .{ssets {
Creditors r.00.000 Land & Buildin_e s0.000
Bills Payable 2s.000 Machinery 1,00,000
Or-rtstanding Salary 2.500 Stock 95,000
Cap_ital : Debtors 87,500
Sanjay 1.50,000 Less B.D.R. 1.250 86,250
Jayendra 1.00.000 2.50.000 Bills Receivable 30,000
Cash & Bank balance 16,25A
3,77,500 3,77,500
(2) Cash rransactions during the y'ear (year endecl on 3l - l2-201 3 ) :

Particulars ? Particulars {
Opening Balance r6.250 Salary A/c. s5.000
Debtors 1.93.750 Wages A/c. .+5.000
Bills Receivable 42.500 Bills Payable A/c. 1s,000
159lo Ram's Loan 50.000 Creclitors Aic. 60.000
(on l-7-201 3) Oflice Expenses 7,500
Cash sales 1,00.000 Machinery ( l-7-13) 50,000
Purchases e5.000
Withdrawal
Sanjay 30.000
.layendra 30.000 60,000
Closing Balance 15"000
4,02,500 4,02,500

N25-r04 10
 (,r ) Trattsitctit-tus cluring the year :

Particulnrs {
DiscotltrtAlk.ru'ed l'150
Discottnt Receivei-l :.-50()

Sales Retunl 2"500

Pttrchase Retltrn I-2-50

t12.13
(4) Balatrces as ott -l 1

Particulars t
Stock I 15 (l{ }()

Bills Receivable r 5.000

i Bilis payable 45.000

i. i,s.000
Debtors
Creclitors 65"000

(5) Other Adjustmerlts :

Provicle ciepreciatiou on uracltitlery at p'a'

)
(I I 0o'/o

(2) Provide reser\,e tbr dotibtt-ul clebts at 2o/o otr Debtors'

(3) Calcurlate interest orl capital at 10o'zb p'a'

(4) Outstarrcling salarv anrl wa-ees T 2.200 and { 1.250 respectively'

year encled 3t-12-13
Prepare Tracling Aic,. Proflt at.rd Loss Accourt fbr the
Balance Sheet as on tltat date'

OR

(a) Firrcl or.rt the net total purcltases aud net total sales of tlte btrsiness tlf Slrri

Sidclharth.

(1) 1-4-r3 3r-3-14

Balances of Assets and Liahilities
t ?

Debtors 1.25,000 1.00.000

Creilitors r .12.500 1,50"000

Bills Receivable 25"000 87.500

Bills Payables 30.000 42,s00

1l P.T.O.
N25-104
 (2) Transactions during the year t
Casir receivecl fronr Debtors 7.50,000

Discr-runt alloweci to Dehtors 37,500

Bad Debts 25,000

Expenses paid on belralf of ilebtors 12,500

Goods returnecl by Debtors 20,000

Coocls retunred to Cr:editors 12,500

Cash paid tbr Bills Payables 37,500

Cash leceived a_rtainst Bills Receivahles 62,500

Cash paid to creditors 4.50,000 I

Cash purchases . 1.50,000

Net Cash saies is 20%.

(b) How are the accounts maintained under Pure Single Entry converted into Double
entry. 4
(c) Diffbrerrce between Single Entry and Double Entry. 3

3. On 30-6-2013. a fire took placo in the godown of Nirarr Enterprism. The stock is irmured

,:for t 1,60,000.'with an average. clause. The tbllowing is the Trading Account for the
year ended 3l-3-2013 14
Dr. Trading Account Cr.
Particulars ( Farticul*rs t v_

'fo Opening Stock i.76"t)00 By Saies 8,00.000

To Purchases 7,20.000 By Closing Stock 2,88,000

To Carriage Inward 80.000

To Gross Profrt i.12.000

10,99,000 10,99,000

Tlre stcrck is ovel'valued by lO%till31-3-12 ancl thereatter the same has been changecl
and under valLred by l0%.

N25-104 12
 The tlansuctius lrtut-t the I -"1- ii tc the clate of flre are as tbllou's :

Particulars {
Purchases less rettti-t-t 4,5(r.000

Carriage lnrvards 32.000

Carriage Outu'ard 48.000

Sales 6.00.000

Goocls u'ithclrarvtr tbl persoual Llse 40.000

r$o\ c sitlcsi
lrvhiclr is inclrrtlcd irt the
The st6ck of go6ils salvagecl is T i2.000. 'fhe e\pellses iucurrecl to rnitigate frre is

{ 8.0C0. Frotn tire abor,e intbmration calculate the atnount of clainr.

oR
(..- (a) Shr.i Vi-iay to6k a policy, of { 1.44"000 fbr loss of prolit. period of indeurnitv
r-'rur

being three montlr.. T,,.,r,',r,er tor the vear ending i i - 1 2-20 I 3 u'as { I I .20.000 arrcl
the let pr.ofrt rvas { I,12.000 after charging T 7"200 ibr the stancling charges. Out
of which stancling cllarges of t i.600 n'ere uot insured'
Fire took place t'rn 1-1-14 and as a t'esult solne oitire actirrities Lrallle to a stancl still.
Sales of Shri Vijal'cir-u"ing l-4-201i tt--'30-6-2013 n'ere { 3.24,800 anci tbr the same
three rnglths of 201+ tlrel,u,ere { 1.12.()00. Sales tor the,vear encling 31-3-2014
u,ere { 12,00.000. As ald from 1-l-2014 as a result of iurprol'ed rnethods of
procluctiop pr.ptit oi'2.1'i9o nioi'e u'cuicl be realize on sales. Prepare a statenreut of
7
ciaim.
(b) Fire broke out itr the firnr of N'I,'s. Ar"ani aniJ Sons. Assets as rvell as illost ot- the
stock r.vere destroyed. .lournalise iu tire books of the tlrrn from the f'olloiving
particr,rlars. 4

Books Amt. approved lry the

Particulars valued insurance company
? t
Furnitilre 6.000 4.800

Machiner-v 9.000 7"600

Stock Destrol'ecl 2.600 2.000

Stock Damagecl 1.000 800

Loss of Profit 4.000 3.000

Exp to rnitigate iire 200 200

Additional Inlorntations :

(1) Darnageci stock u'as solcl tbr { 400.

(2) Ot't[e allr()Lltt aririritted ltrr Ioss o1'protits 30o6 belorrgs to tl]c next yc.lr.
N2s-104 l3
 (c) Write short notes : (any one)
(l) Cousecluerrtial Loss Policl"
(2) Short Sales

4. Nikhil Traders of Ahniedatrad has in Surat. Heac'l Oftce setrds goods to brattch
a branch
at a cost plus 25% invoice price. Branch sells tbr casit anc'l ou credit atrd setrcls all cash
receivecl to Ahnieclabad H.O.. All the expenses of brattclt are paid b.v Head Otllce. l4
Frorl the follorving infbmration of blanch prepare Sttrat Branch Accotttrt. Blanclt
Trading A/c. and Protit and Loss Account in the books oi Heatl Otllce.

Particulars l-4-2013 31-3-20r4

Stock (lnvoice Price) 28.800 36,000
1.08.000 1,68,000
Debtors
Furniture 8.000 (?)
L
Prepaid Insurauce 6:10 480

Outstanding Salary J i)o 2,564

Transactions during the year :

t
Cash Sales 1,12"000

Cash received tronr Debtors ('l)

Discount allorved to Debtors -1.200

Bad Debts 2.400

Coocls returned by Customers 5.(r00

Interest debited to Custonters 2.880

L-
Coods sent to Bratrch (lnvoice price) 3.84.000

Goods returtred by branch (lnvoice pricc) 57.600

Expenditr"rre paid by H.O.

{
Salary 54.,100

Illsurancc 6080

Wages l 1.200

Credit sales by Brattc}t 3.92.000

Furnitute sent to Branch (on I - l - 1"1) 1e.200

Depreciation is to be calculatecl at l5-94 p.a. on tr"rrniture

OR
N25-104 l4
 Hitesh Traclers of Gandhina-sar has an inclependeut brattch at Valsad. Follorving is the
Trial Balarrce of the brattch as on 3 I -3-201 3 : 14

Debit Credit
Particulars Balance Balance
t t
Stock of Goods (1-4-12) 50.000

Purchases aud sales ofgoods 2.24.000 4.80.000

Goods received fi'orn the H.O. 1.64,000

Goods returned to the H.O. 14.000

Pulchases returns and sales returus 8.000 4,000

Head OtIce Accouut 1,24.800

Debtors and Creditors 1.12,000 (r4.000

\-
Cash and Bank Balance 72.000

Salary 54.000

Rent 12.400

Disct-u"uit 14.800 17.200

Freight and Carriage 8.800

Sr-urdry Income 16.000

7,20,000 7,20,000

Additional Informations :
( I ) The stock of goods rvas valued at { 1'28"000 on 3 I -3-2013.

(2) Urrpaid salary amounted to t 6.000 on 3 l-3- 13.

(3) Goods of { 16"000 sent by Head Oftrce to the brauch on 27-3-2013 lr'ere received
by brarrch on 4-'1-201 3.
(4) Casli arnountirr-u to { 20.000 renritted by the brattch to H.O. on 28--i-13 rvas
received by H.O. on l-4-13.
(5) Tlie tr-rrniture accouu'rt of the branch is traintained in the books of H.O. { 7.200 is
to be written of as clepreciation on tlre furniture. Frotn the above iutormatiou. yolr
are requirecl to prepare Final Accouults of Valsad brarrch.

5. fui the t'ollorvin-q sub-questiolts l11ore than one answer are givert. You hal'e to select
comect artswer with necessary calculations' (any seven) 14

(1) Which type of cornmission is paid ou tlte goods purcltased by the cotrsignec
himself 'l

(a) Nonnal Cornmission (b) Additional Coururission

(c) Del creclere Comrnission (cl) Cotlniission is not ptrid

N25-r 04 15 P.T.0:'
 (2) The consignor consigned 3000 liters chemical to the consignee at the rate of't 50 :

per liter and paid exl)ellses of { 21,000. Due to evaporation there u'as a krss of 150
liter, consi-unee solcl 2,550 liters at the rate of { 75 per liter. What r.i'ili be the value
of closing sttick 'l
(a) t 18,000 (b) { 15,600
(c) (17,100 (d) T1s.000
(3) The balance of an asset accor-rnt on l-4-13 u'as { 1.90,000 u'hich was sent to tlie
branch on l-10-12. On 3l-3-14 depreciatiorl \\ras charged on this asset at 109'o p.a.
on straight line method. On 3l-3-2008 the u'ritten dor.vn r.'alue of this asset in the
books of branch would be
(a) { 1.70,000 (b) { 1.e0.000
(c) { 1.80.000 (d) T r.71.000
(4) During the year, I{ead Of}ice sent T 4,500 to its branch tbr petty cash expenses.
The openin-e balance is { 1.200 and closirrg balauce of Petty cash is { 825. then
petty casli expellses rvill be
- -
(a) { 4,875 (b) { 4.500
(c) t 5.700 (d) { 5,325
(5) A fire occurred in the premises of a rnerchant and goods rvorlir { 60.000 rvere
destroyed and goods valued at { 12.000 were salvaged. The u'ere insured tbr
-qoods
t 54.000 only. The policy included on average clause. Firtd out the an-tount of claims
(a) t 45.000 (b) { .+3.200 (c) t 36.000
(6) Opening stock { 54.000, purchases { 3,30.000. sales t J.80,000, Goocls savecl
{ 4.500 rate of gross profit is 50 percent on cost then the cost of goods bumt by
fire is
(a) T 5e.500 (b) { 64.000
(c) { 3,20,000 (d) { 3.84,000
(7) Cash pr"rrchase { i,000. Cash sales { 4.000, Credit Sales { 17.600, Opening stock
T 2.500. Closirrg stock t 1,500. Rate of G.P. on cost 20910. Find out credit purcltases.
:'
(a) { 14.000 (b) { r 8.000
(c) { 14,500 (d) None of above

(8) Which is the odd account tiorn the fbllolving accor;nts in context to clebit balance
or credit balance'l
(a) Bills Receivable Account (b) Bills Payable Account
(c) Creditors Account (d) Capital Account
(9) In subsidiary Books of Pure Single Entry are recorded but in ledger
posting only _ accounts are recorded.
(a) A/c.
Cash Book and Personal (b) Creditors, Debtors
(c) Purchase Books and Assets (d) None of above

N25-104 l6