(BCOlS-lK)/(RESlS-lK)

(1701-1Kl1260-1K)

B.Com. (General) /(Res)/C.A. DEGREE EXAMINATION, MAY 2022.

(Regular)

First Year - First Semester

Part II - Fundamentals of Accounting

Paper I - FUNDAMENTALS OF ACCOUNTING

Time: Three hours Maximum: 75 marks

SECTION A - (5 x 5 = 25 marks)

Answer any FIVE of the following questions.

1. Write any five objectives of accounting.

e!)~o~or; ciliJ~lJ ~o~ Q:)6J e.l~ Se.l~ ~cfuJj.JJ' .

2. Write a short note on double entry system.

e3Oe.J ;;)Gt5 ~Q"~o ~ a.~ e.lqllJ ~~S ~cfuJj.JJ.

3. Write short note on sales returns Account.

e!)~~S"e.l OJ";;)~e.l ~ ~ a.~ e.lqllJ ~~S ~cfuJj.JJ.

4. Write a short note on contra entry.

")6J6J;;)Gt5 ~ a.~ e.lqllJ ~~S ~cfuJj.JJ.

5. What are the uses of Trial Balance?

e!)o~E7' ciliJ~lJ 6i;;)<53J'>li"ru ~~?

6. Write about the errors of posting.

~~6J ;.)~ Ef~~ ~8.) ~diUj.JJ.

7. Write about capital expenditure.

~e.l4S~ ~6J.) ~8.) ~cfuJj.JJ.

8. What do you mean by favourable and unfavourable balances.

e!)~~e.l ~8cfuJ L;;)@~e.l ~e.l.sru e!)~Ii"~~?

 SECTION B - (5 x 10 ~ 50 marks)

Answer FIVE questions.

9. (a) Explain classification of Accounts and its rules.

~3"e> j~~6ECl jJ8~ be3 ;OcfujJjJJe>~ ::>j8o~jJJ. .

Or

(b) Journalise the following transactions.

1995 June Rs.
1 Started business with cash 45,000
1 Paid into bank 25,000
2 Goods purchased for cash 15,000
3 Purchase of furniture and paid by cheque. 5,000
5 Sold goods for cash 8,500
8 Sold good to Arvind wala 4,000
20 Paid telephone rent for one year 400
28 Cash paid to Amrit Lal in full
Settlement of his account 5,940
15 Goods returned by Arvind Wala 200
30 Paid for stationary 1,000
~ L~Oa jsj':J6O"e>~ ~~jtt5ru P'~jJJ.

1995 ~~ Rs.

45,000
1 ~K6J~ L0>6o~o~~ ~0>6o

~o~~ e3jJ~~~a
25,000
1
15,000
2 ~K6J~ S"~J ~6J~

~6J~6J S"~~ru jJ8~ ~~& ~~o~

5,000
3 0"$0"

8,500
5 ~K6J~ e9::>J~~ ~6J~

e9j::>OQ ~~ e9::>J~~ ~6J~ 4,000

8

a..~ ~Oll~ ~V~~ ~v~~ e9Q 400

20 M G)

e:>jJ~~eJ"e)~ 2J"~ j8~&6 ;o::>J~~ ~~o~~ ~K6J 5,940

28

e:>6::>oQ;;Y>eJ"~ ;;y>jill ~cfuG8)G~ ~6J~ 200

15
1,000
30 ~~~6 ~ ~~o~~a

2 (1701-1K11260-1K)
10. (a) Explain the difference between cash discount and Trade discount.
~KtSJ ~.uo-oe.) ~8dllJ j~~ ~~&oe.) ~~SK(!) jsuos~~ ~j8o~~.
Or
(b) Enter the following transactions in cash Book
1996 June Rs.
1 Balance of cash in hand 6,000
1 Received cash from Sohan 1,000

3 Paid into bank 1,800

9 Paid to Mehta and Sons for goods purchased 2,000

10 Received Rs. 1,800 from cash sales

11 Paid for cash purchases Rs. 1,920 and received Rs. 80 as discount

13 Withdrew for personal use 1000

26 Paid rent for march 320

19 Received Rs.l, 160 from Kapoor brothers and allowed Rs. 40 as discount

20 Drew from bank for office use 800

~ LSoa jsj;j6O"(!)~ ~KtSJ ~~~o~ ~~tSJ ~dllJ~.

1996 1?3"'t5 Rs.

1 ~~~ ~KtSJ ~(!).s 6,000

1 ~~t5 ~o~ j~.)~ ~KtSJ 1,000

3 P.:ryplSJ~ ~~~~ ~KtSJ 1,800

9 -;.).)~~ R;;)t5,J1SJ ;;)6J1SJ SO~~ru ~!b~O ~~o~~a 2,000

10 ~KtSJ e9jj~S"(!) r:J"cS0" j;:;)y>2~ ~KtSJ 1,800

11 . ~KtSJ SO~~~ ~!b~o ~~o~~al,920 ~8dllJ 80 ~~oe.) 11" ~~.).~~~a

13 jiAK~ e9j;;)O"~s LCP" ~~~ ~KtSJ 61".1000

26 ~8.)s ~~o~~ e9~ 61". 320

19 ~c0"O LeJ6o,J ~o~ j;:;)y>2~ ~KtSJ.l, 160 ~8dllJ ~.uo-oe.) 40

20 e;J~ill e9j;;)t5o ~!b~o LCP"~~~ . ~KtSJ 800

~

3 (1701-1Kl1260-1K)
1l. (a) Explain the objectives of subsidiary books.
;:;S~cill~ ~~S"eJ cfuJ~& eJ;;:SeJ'i6J ~j8o~;;i)J.
Or
(b) Rectify the following errors.
(i) Total of the purchases book is Rs. 1,000 excess
(ii) Discount allowed by Atma ram, Rs. 15, correctly entered in cash book, has not
been posted to his rVC.
(iii) Sales of goods Rs. 200 to Suri has been entered in the sales book and debited to
suri's Alc
(iv) Purchase of furniture Rs. 600 has been entered in the purchases book and
credited to the party's Alc
(v) While posting a sale of Rs.300 to Ram, his account has been debited
~ L~Oa S~eJ'i6J ;:;Sj8o~;;i)J.

(i) S"t6Jtrw ~~~;;i)J ~~;;i)J 6J" . 1,000 .,)~&j~ ~~Ja

(ii) e:9~0"~;:' Qlj,s8)~~ ~~&o& 6J".15 ~K6J ~~~O~ ;:;S8~t> ~~6J ;:'cill8)~oa jJ8cillJ

~~c'O ~~ ~L~o · ~~6JS"o6J

(iii) ~8~ ~~i> ;:;S6>~ 6J".200 ~jJ~S"eJ ~~S"eJ~ ~~6J ;:'~6> jJ8cillJ ~8 ~~~

~~&;:'~6>

(iv) ~lh~o S"'~trru 6J".600 S"';6Jtrru ~~~o~ ~~6J ;:'~6> jJ8cillJ ~ ~~~ [?~e5

;:'cill8)~~a

12. (a) Explain the advantages of Bank Reconciliation Statement.

~o~ c'OeJ,seJ ~jJ~,scill c'O~a~ <ili,)~& L;;:)~esN"eJ;6J ~j8o~;;i)J .

. Or
(b) On 31-3-1995, the cash Book of a firm showed a bank balance of Rs, 3,000. From the
following information prepare a Bank Reconciliation statement, showing the balance as
per pass book.
(i) Cheque have been issued for 2,5001- out of which cheques worth 2,0001- only were
presented for payment
(ii) Cheques worth 700 were deposited on 28th March but had not been credited by the
hank. One cheque for 250 was entered in the cash book on 30 th March but was
banked on 3 rd April, 1995
(iii) A cheque from Mohan for Rs. 200 was paid in on 26 th March but was
dishounoured and the advice was received on 2 nd April, 1995.

4 (1701-1Kl1260-1K)
 (iv) Pass Book showed bank charges Rs. 10 debited by the bank, It also showed
. Rs. 400 collected by the bank as interest
(v) One of the debtors deposited a sum of Rs.250 in the account of the firm on
20 th March, Intimation in this respect was received from the bank on 2-4-1995.
31-3-1995 ~ ~~ ~o~ <iliJ~lJ ~XGi> ~~~o6' eJ"~o!§J ~e>.s ~.3000 TY" ~~fu~Ja. ~ LSoa
~j6~e> ~oc! eJ"~o!§J ~e>~ ~jJ~.s<fu j~~ o)o~e.DS Lj~60 ~e>.s~ ~~~.

(i) 2,500 e> ~ruj Xe> ~!§JlJe>~ e3"8 j<fuTY" b~6' 2,000 e> ~ruj ~!§JlJru ~L8~ ~~o~!§J

8)~J~8ot>8)C!~~

(ii) 28 ~8,)6' ~o)oe1~ j<fu8)~~ 700 ~ruj Xe> ~!§JlJ ~o8g eJ"~o!§J ;;:r>8j LSs~ j<fue5Gi>

250 e> ~ruj Xe> ~~ ~!§JlJ ~XGi> ~~~o6' 30 ~8,)~ ~XGi> ~~~o6' ~~Gi> j<fuTY", ~b

3 ~L~e) 1995 ~ eJ"~o!§J6' ~<fu8)C!~a

(iii) ~~~ ~oc! j~,)~ ~. 200 e> ~!§JlJ ~8,) 26 ~ ~~ot>~a ~b eN"GS6~ ~oa~a

jJ8a':5JJ ~~;:J"60 2-4- 1995 ~ eoa~a

(iv) o)o~e.DS ~.10 e> eJ"~o!§J ;:J"~ru, eJ"o!§J ;;:r>8j a~e.) j~~~TY" ~~fu~Ja eJ"~o!§J ;;:r>8j

j:0J'>ru j<fu8)~~ ~.400 j~ ~CQ" ~j8)~fu~Ja

(v) ~~ eJ.)J~Ln~~ ~o~ ~6' 20 ~8,)~ C!o)oe1~ j~~ ~. 250 e> ~~o. ~b ~

~~;:J"60 eJ"~o!§J;;:r>Bj 2-4- 1995 ~ ~jJ8Jot>8)C!~a.

13. (a) Explain the reasons behind the preparation of final accounts.
~Ro~ ~ru 8diJ'>8 ';.)~~ Xe> ~6£7'€)~ ~j8o~~.

Or
(b) From the following particulars prepare a Balance sheet as on 31-3-1998
Capital 50,000
Business premises 55,000
Furniture 2,500
Packing machinery 4,500
Loan of Smith 5,000
Investments 3,000
Cash in hand 200
Bills Receivable 3,500
Bills payable 2,500

5 (1701-1Kl1260-1K)
 Sundry debtors 20,000
Creditors 15,800
Cash at Bank 3,500
Propritor's with drawings 3,000
Net profit 38,900
Closing stock 7,000

~ Isoa
l:
~j6j.)J~ ;6Joa 31.3.1998 rv"e3s e:s~
Q
e:9j\)~
or je5~
8)
8o.'ll-06J :3dboa.

~~~~o 50,000

~Si}o6 ~j6E'dw 55,000

~ih~o 2,500

~so'i{ dboL80 4,500

~~~~ 1mJE'dj.)J 5,000

~e..JJ2J~W 3,000
8)

:3~6 ~KGSJ 200

j;;)Jow ~WW 3,500

M

~l>o~ ~WW 2,500

M M

~~~ 2J.l.)E'dLK"'N..)W 20,000

..J>

1mJE'd~W 15,800

~o~ 6~KGSJ 3,500

o.'ll-oe3~~ iOo08~~~W 3,000

~~6 eJ"~j.)J 38,900

j.)JRo~ ~6J~ 7,000

6 (1701-1Kl1260-1K)