TEST ON BOOK KEEPING AND ACCOUNTANCY

Q.1 Classify the following accounts as Personal, Real and Nominal A/C. [5]
1. Plant and Machinery A/C
2. Sakshi A/C
3. Loose Tools A/C
4. Dividend on shares received A/C
5. Outstanding Wages A/C
6. Audit Fees A/C
7. Goods distributed as free samples A/C
8. Swapna Nagar Co. Op. HSG. Soc. A/C
9. Prepaid Rent A/C
10. Life Insurance Corp. A/c

Q.2 Classify the following accounts as Assets, Liabilities, Income and Expenditure accounts. [5]
1. Plant and Machinery A/C
2. Bank Loan A/C
3. Bank Overdraft A/C
4. Bills Receivable A/C
5. Closing Stock A/C
6. Salary A/C
7. Loss by Fire A/C
8. Prepaid Rent A/C
9. Investment in shares A/C
10. Depreciation A/c
Q.3 Journalise the following transactions in the books of Tina & Co. [15]
2020
May, 1- Tina & Co. Commenced Business with cash Rs. 50,000 Plant & Machinery Rs. 5,00,000
Stock Rs. 61,000 Furniture Rs. 59,000 and Computer Rs. 24,000.
May, 3- Purchased Goods worth Rs. 8,00,000 from Monit at 8% Trade discount and 2/3 amount paid
immediately at 7% cash discount.
May 7- Cash Deposited to SBI Rs. 20,000
May 10- Sold Goods to Archi worth Rs. 50,000 at 12% GST
May 15- Monit Returned Goods worth Rs. 20,000 purchased from us.
May 18- Paid Salary Rs. 50,000 Wages Rs. 65,000 Electricity Bill Rs. 21,000.
May 20 – Placed an order of buying 10 computer at 20,000 each to rushil & electronics co.
May 21- Received Commision Rs. 51,000 from Atul.
May 25- Sold Old Computer Costing Rs. 20,000 at Rs. 25,000 and the amount deposited into personal
bank account.
May 27- Paid remaining amount to monit at 5% Cash discount.
May 28- Order received which was placed on May 20, and 30% amount paid immediately at 15%
cash discount.
May 30- Goods distributed as free samples Rs. 19,000.
Q.4 Journalise the following transaction in the books of Deep General Stores. [15]
2020
Jan 1- Purchased goods from Sakshi worth Rs. 80,000 at 28% GST.
Jan 3- Sold goods to Manoj worth Rs. 20,000 at 12% GST.
Jan 7- Purchased Plant and Machinery Costing Rs. 5,00,000 at 28% GST from Mahindra tech.
Jan10- Paid salary and wages Rs. 20,000
Jan 15- Received Interest Rs. 20,000
Jan18- Manoj Returned goods worth Rs. 2,000 at 12% GST.
Jan 21- Sold goods to Sunil worth Rs. 80,000 @ 18% GST at 5% Trade discount and 5% cash
Discount and 20% Amount received in cash , 40% Amount received by cheque.
Jan 25- Goods taken deep Worth Rs. 5,000.
Jan 27- Payment made to Mahindra tech at 10% discount.
Jan 31- Goods lost by fire Rs. 20,000.

*ALL THE BEST*