[Be - S 5101]

B.Com. (CBCS) DEGREE EXAMINATION.

First Semester

(General and Computer Applications)

Course 1 A : FUNDAMENTALS OF ACCOUNTING

(Effective from the admitted batch of 2020-2021)

Time: Three hours Maximum: 75 marks

SECTION A - (5 x 5 = 25 marks)

Answer any FIVE from the following Eight questions.

1. Types of Accounts.
v~ lSS"elJ.

'J ~ uh Hi diary Books.

~~dS..>~ ~~S"elJ
..S>
•

:!. J)t'h it Note, Credit Note.

eO~ ~f5, ~Gf5 ~f5.

4. S UloIp('nflc Account.
eN"~~ VU".
5. Enter the following transactions in purchase _1 ,1­ 6. Journalise the following transactions in the books
book: of Virat :
Rs.
Rs.
April 1 Purchased goods from Lakshmi IO,O()()
March 1 Virat started business with cash 1,00,000
5 Returned goods to Lakshmi 2,000
2 Paid into bank 50,000
6 Devi sold goods from us X,OOO
12 Cash purchases 40,000
8 Sold goods to Ravi 1,000
18 Cash sales 60,000
10 Returned goods by Ravi 50" 31 Paid salaries 10,000

~~e>J ~~~o~
.J>
L~Oa ~!>v~ ~~GSJ ~dilo~: 31 Paid rent 5,000

~.
~oa jsj~v~ :>o"~ ~~S"v~ ,'!)~~Gi?e>J O"dilod.

10,000 ~.
~L~e)l v~ ~~ ~6.>~ ~~e>J
~6.J 1 :>O"~ -OJilJ-<S L~O~:O~ 6,'!).J~ ~KGSJ 1,00,000
5 v~~ OJ"~~e>J 2,000
2 e:ry,o~~ ~~ ~~~ ~KGSJ 50,000
6 Q:> ~~~ e:>J~~ ~6.>~ 8,000
12 ~KGSJ S"~~e>J 40,000

8 6:>~ e:>J~~ ~6.>~ 1,000 18 ~Kc:i> e9~~S"e>J 60,000

31 3E!)o,'!)~ ~0"e>J 10,000

10 6:> ~~ OJ"~~e>J 500 ...
31 3E!)o,'!)~ e9Q 5,000
... . C)

2 [BC - s » t () II 3 [BC - S 5101]

7. Prepare simple cash book:
L~O~ j~~ pcfuod.:
Rs.

Jan 1 Cash in hand 20,000

6J't.
2
8
Cash sales
Rent paid
8,000
2,500
Ii
o)aOeJJ
M
1,00,000
18 Purchases from Kiran 2,000
50,000
23 Commission received 1,000 ~~~O

;()o~~ ~K(;i) :>~. 6~dJ~cfuod. : eJ.).)~LnN.)w 20,000

...0

6J't. 10,000
eJ.).)~CJO~W

es~~8 1 ~~6' ~K(;i) 20,000

~ 20,000
~~6' ~K(;i)
2 ~K(;i) e!I~ciS"w 8,000
8 2,500 ~l>~~e);:'~ ~6"W 5,000
e!)Q ~l>o~ M
Q M

18 g6~ ~oa. S"~ ~dJ~ 2,000

SECTION B - (5 x 10 = 50 marks)
23 ~:>,)~ ~!>J~ 1,000 l

Answer ALL following.

8. Write an opening entry : 9. (a) Define Accounting. Explain about the

Rs. various Accounting concepts.
IJ
Plant 1,00,000
Furniture 50,000 e!lS"l,oe3oF; e!I~7l"~~? ~8d:SJJ CJO~ c:iliJ~lJ
Debtors 20,000
~~~e)~ :>~8~oa..
Creditors 10,000
Cash in hand 20,000
Or
Outstanding salaries 5,000

, 4 [BC - Sn it)}]
5 [BC - S 5101]
 (b) Journalize the transactions in the books of 25,000
12 ~~ ~Oa eii>~~~J ;;)ii>~
Ramana:
Rs. 15 iV"fl"~~~ e.ruci~ ;;)ii>~ 20,000
2020 April 1 Started Business with cash 1,00,000
18 eQ ~l>o~ 6,000
2 Purchased goods for cash 22,000 Q ...

3 Sold goods for cash 18,000 21 e§~ ~~o~ ~~LT r:J'S0" 5,500
5 Sold goods on cash to Murali 12,000
10 Cash deposited into' Bank 27 ~o~ ~(),'!) ~~:O~ ~~~ 2,000
15,000
12 Purchased goods from Madhu on credit 25,000 ~K~
15 Goods sold to Nagarjuna 20,000
18 Paid rent 6,000 10. (a) Enter the following transactions into
21 Paid salaries by cheque 5,500 Purchases book:
27 Withdrawn cash from bank for personal use 2,000
Rs.
L~Oa ~(~;;J6O"e> ~O,'!) 6~f."Cl ~;;)5"e>6 ,'!)eJ"j~e>J
v JJ 8) Q
2020 April 1 Purchased goods from Raghava 23,000
O"cfuoa:

4 Sold goods to Mohan & Sons 12,000

~.

2020 ~L~e) 1 ;J"S~ L~O~:O~ 6,'!).)~ ~X~ 1,00,000 6 Ramakrishna sold Goods to us 22,000

2 ~K~~f\'~ 22,000 8 Sukumar Sold goods to us 13,000

3 ~KGSJ~ e.ru~~ ;;)ii>~ I X.OIIO 12 Cash paid to Raghava 8,000

5 j.}J6C~ ~KGSJ~ ;;)ii>~ ej.)~5"c)') , 2,000

Goods returned by Mohan & Sons 4,000
14
10 ~o~6 a~P2e.)~~~ ~KGSJ , [',UOO
16 Cheque issued to Raghava 6,000

6 I BC S !)lOl] 7 [Be - S 5101]

 ~oa :>j~e> e;,Q"~OIi" S"~~e>J ~:05"~ 4 Paid for advertising by cheque 800
J> &
~d:SJ'>6J~dSJo~ :
7 Cash sales 3,000
9 Paid salaries through cheque 4,500
6.P. 10 Amount withdrawn from bank for office use 1,600
.2020 ~L~e) 1 ~:;5Jj ~o~ :06J!0 ~~e>J 23,000 11 Drawn cash for personal use from bank 2,000
15 Issued Cheque in favour of Nagarjuna 1,900
4 ~;;]o,s & :0,sJ e:>J~~ :06J!0 12,000
(Discount received Rs. 100)
6 ~~~~ ~~!0 e:>J~~ :06J!0 22,000 20 Received Cheque from Gopal and deposited 7,840
into bank
8 :0J!0;.)Jo>O ~~!0 e:>J~~ :06J!0 13,000 (Discount allowed Rs. 160)
21 Sale of Machinery, Payment received in 20,000
12 ~:;5Jj!0 ~e'.lo~~ ~KGi> 8,000 cheque
M

22 Cash purchases 2,000

14 ~;;]o,s & :0,sJ ~o~ ~j:0Je>J 4,000
22 Carriage paid 200
16 ~:;5Jj!0 e:r-e ~~~ ~!0lJ 6,000 25 New machinery purchased and cheque issued 10,000
31 Bank charges as per book 100
Or
(b) Prepare Three Column Cash Book from the L~Oa :>j~e> ~o~ ~~ j6J:0e> ~KGi> ~~
following Transactions :
~d:SJ'>~dSJo~.
2020 Rs. 2020
6.P.
April 1 Cash in hand 1,400
Cash at Bank 7,200 ~L~e) 1 ~~6 ~KGi> 1,400
2 Received Cheque from Anand 6;840
(in full settlement of Rs. 7,000) ~o!06~KGi> 7,200
immediately deposited·into bank

8 [BC - S 5101] 9 [BC - S 51011

 25 ~~lr r::YS0" LS"~ di>0LOo S"~F\'e).) 10,000
2 ~~OQ ~o~ ~.J~ ~~lr (~~ eJ"~ 6,840
, 31 ~~ f.).)S ~S"~o f.:1"S0~ ~e).) 100
:;')8%~~a 61'>. 7,000)
eo 5'Ef'~ f.:1"S0~6 a~~ ~di>~~a
11. (a) Prepare trial balance from the following
4 L:;.)~eJ~e).) ~~O~ eJ"~p~ r::YS0" 238Roa 800 balances:

7 ~K6,) e~~S"e).) 3,000 Rs. Rs.

9 ~~lr ~ ~~ ~~O~ 4,500 Purchases 64,000 Commission paid 1,300

Discount allowed 5,200 Debtors 13,000

10 ~~;;).) e~~O"e> ~O eryp~ ~oa ~~~ 1,600
Wages 26,000 Rent and Rates . 2,000
~K6,)

Sales 1,20,000 Creditors 8,000

11 ~O e~~O"~ S"~~ eJ"SO~ ~oa ~~~a 2,000
Salaries 8,000 Cash at bank 10,900

15 N"~~~~ ~ ~~~ ~~lr 1,900

4,800

Travelling expenses 2,000 Patents

(j~.J~ a~o~ 61'>. 100) Carriage 1,100 Sundry expense 220

20 F\'~ ~oa j~.J~ ~~lr eo 5'e:3"~ f.:1"S0~6 7,840 Repairs 7,800 Vehicles 2,000

~~~di>~~a Insurance 600 Loan on mortgage 12,200

"­

Opening stock 23,000 Machinery 6,600

('Ol~~ a~lr0~ 61'>. 160)

Capital 42,620 General expenses 4,200

21 di>0LOO e.ru~~a, ~~lr r::YS0" j~e).) 20,000

Cash in hand 100
22 ~K6,) ~F\'~ 2,000

22 ~~ ~6>Je).) 200

11 (BC - S 5101]
10 [BC - S 5101]
 LSOtS 'Cl~$eJ~~ .0(')$(') ~oa. ~OS'E'C}~ (gdiP~ 12. (a) Prepare Bank Reconciliation Statement as
on 3l.03.2019 from the following:
~cfuoa..
Rs.
6J'>. 6J'>. (i) Balance as per cash Book 25,000
S"~1\'~ 64,000 ~e>o~~ S'fu::l.$ . 1,300 (ii) Cheques issued, but not 12,000
M
presented for payment
'Cl~J~ a.iO£;oe) 5,200 ell)E'C}LK"'~(')J 13,000 (iii) Cheques deposited, but not 15,500
collected
~(gN"(')J 26,000 ~C> ~edll.> ow 2,000
Q M
(iv) Interest credited in passbook 550
~~~~(')J 1,20,000 ell)E'C}~(')J 8,000 only
(v) Wrong Credit in Pass book 3,600
~6"(')J 8,000 ~soS'J6 ~XGSJ 10,900
(vi) Bank charges Debited in 320
L:;)diPE'C) ~~J(')J 2,000 !:J~ow 4,800 passbook only
M

6~l7' 1,100 g)g)C:S ~~J(')J 220 ~ LSOGl g)~0"(') ~o~ 3l.03.2019 N"i3s ery,oS'J

~6~~6J.(')J 7 ,800 ~;;y.N"(')J 2,000 .0(')$(') ~~~$cfu :;)~ (gdiP~~cfuoa..

¢~ 600 ~~.v' ~:;).}> 12,200 6J'>.

Lo?o6o~ ~~S'J 23,000 cfu0L~ 6,600 (i) ~XGSJ ~~S'o L:;)~60 .0(')$ 25,000

~(')C:S~j.)J 42,620 ~6E'C) ~~J(')J 4,200 (ii) ~ ~~~ ~S'Jlr(')J, ~~o~S'J 12,000
~~6 ~XGSJ 100 O"~(')J ~.og)

Or (iii) a.~e)~~~ ~S'Jlr(')J, ~.o 15,500

(b) Explain briefly different types of errors.
~~(')J ~.og)
g)g)C:S 6~(') (g~(')~ ~~o~ g)~eo~oa..

12 [BC - S 5101] 13 [BC - S 5101]

 (iv) o?~ws6 ~LS~ [SM~~~ ~~ 550 ~ L~Oa !l~0"e.> ~OC! 31.3.2018 N"e3~ ~o~

(v) o?~ws6 S:;Sy [SC!e5 ~~~a 3,600 ~e.>.se.> ~~~.sdSJ :;s~ sdSJo6.>~dSJoC!.
j'
(vi) ~.
o?~ws6 ~LS~ a.~e5 320
(i) ~KGSJ ~~~ L:;S5"~O ~o LC;;V~ 16,500
~dSJ8)C!~ ~o~ 'fl"~w
~e.>.s
Or
(b) Prepare Bank Reconciliation Statement as
(ii) esoe ~~~ ~~lIw o?~ ws6 6,000
on 31·3·2018 from the following: 85"8 ~dSJ~, ~KGSJ ~~~o6
Rs.
85"8 5"~!l
(i) Bank Overdraft as per Cash 16,500
Book (iii) o?~ ws6 s:;Sy~ [SC!e5 ~Q)J~a 2,500
(ii) Cheques issued, but not 6,000 (iv)
entered in cashbook
~. 8,500 e.>~ esoe ~~~ ~~lIw
(iii) A Wrong Credit in Passbook 2,500 be36 31.3.2018 N"e3~ ~l>o~~ M

for
~~w ~Q)J~!l 6.J'>. 6,000
(iv) Issued Cheques for Rs. 8,500
~LS~
Out of which Rs. 6,000
cheques were presented by 31 st (v) ~KGSJ ~~~o6 ooGi) ~ 1,600
-" M
March, 2018
~~GSJ ~Q)J~ ~o ~~~ ~~
(v) Interest on Overdraft was 1,600
entered twice in cashbook (vi) ~o~ co.sO" ~~w ~dSJ8)C!~ 3,000
(vi) Dividend collected by bank for C!~a.o5 o?~ws6 ~LS~
Rs. 3,000 entered in passbook
only ~~GSJ

14 [BC ­ S 5101] 15 [BC ­ S 5101]

13. (a) From the following Trial balance as on Adjustments:
31-03-2018. Prepare final accounts of
Mukhesh. (i) Closing stock 70,000
Debit balances Rs. Credit Balances Rs. (ii) Depreciation at 10% on plant and
. Plant and 1,60,000 Capital 1,00,000 machinery
Machinery
(iii) Write off bad debts Rs. 1,000 and
Purchases · 1,24,000 Sales 3,54,000 create a provision for bad debts at 2%
Returns 2,000 Returns 1,800 (iv) Provide interest on capital at 5%
Stock 1.4.17 60,000 Discount 1,600 (v) 25% of net profit is to be transferred to
Discount 700 Creditors 50,000 reserve account.
Bank Expenses 150 Provision for bad 1,050 ~~~ e9~ ~a;)a8 Qh)~lr LSOa :>~O"e> ~o~
debts
31.03.2018 0' e906jJ®S ~o~6J6~~
Debtors 91,000
~Ro~ a~lre>~ 6~fu~cfuo~.
Salaries 13,500
Manufacturirig 12,000 a.!06 :Oe>cSru 6.P. [S~6 :Oe>cSru 6.P.
expenses o:).>oeJ.) jJ8dfu 1,60,000 ~e>(jS~ 1,00,000
M
Carriage 1,500
inward cfu°L~
Carriage 2,400 ~~~ 1,24,000 e9jJ~~ru 3,54,000
outward
;;:)"~~ru 2,000 ;;:)"~~ru 1,800
Rates and 20,000
Taxes
~dJ~ (1.4.17) 60,000 ~~lr06 1,600
Advertisements 2,400
~lr°6 700 P.U)€(}~ru 50,000
Cash in hand 3,800
Cash at bank 15,000 ~o~ ~dJJru 150 0":0 2J"~e> :o~ 1,050

5,08,450 5,08,450 P.U)€(}LI\nl)ru 91,000

....
16 [BC ­ S 5101] 17 [BC - S 5101]
 13,500 (b) Prepare Trading and Profit and "Loss
~a"W
Account and balance Sheet of Ganesh as on
12,000 31.03.2020 from the following Trial Balance.
S~J~~6J.)w
1,500
Particulars Debit Credit
§"'~1\'w6~
Cash in Hand 1,600
2,400
e!I~~~6~ Cash at bank 12,000
oeJJ ~8dilJ 20,000 Purchases 1,40,000
M
Sales 2,74,900
:;:)~clW
Returns 3,000 2,000
L:;:)~tJr6w
2,400
Wages 8,000
~~e5' r6KGS.l 3,800 Fuel and Oil 20,400
15,000 Carriage on sales 6,000
p;JiP~e5' r6KGS.l
--­ Carriage on purchases 3,200
5,08,450 5,08,450
Stock 13,000
~6J2J"eJJ :
Q M Buildings 40,000
(i) ~Ro~ ~6J~ 70,000 Machinery 50,000
(ii) ~e.JJ. di'>0L~ fu~ 10% ~6Jt0~e> Patents 21,000
Salaries 20,000
~~Je.JJ ~di'>oa.
General Expenses 7,500
(iii) ~:o 2J"~W 6J'>. 1,000 ~8dilJ 2% ~:o
Drawings 15,000
2J"~W :o~:o ~~Je.JJ ~di'>oa. Capital 82,000
(iv) ~e>~r6o~ ~e 5% ~~Je.JJ ~di'>oa. Sundry debtors and creditors 14,500 6,300
(v) :o~6 eJ"~o~ 25% 8~6J.s~ jJ<l?J0~oa. Bank Loan (@ 10%) 10,000
3,75,200 3,75,200
Or

18 [BC - S 5101] 19 [BC - S 5101]

 Additional information; ~o~~o jJ8dll.> :es

J>
20,400

(i) Stock on hand on 31.03.2020 was Rs. 36,000 6,000

ejJ~soe) 6;;J"17'
(ii) Machinery is to be depreciated at 10% and
patents at 20% ~;fuf\'ru6;;J"17' 3,200

(iii) Salaries amounting to Rs. 3,000 are ~6)~ 13,000

outstanding
1!;5~N"ru 40,000
(iv) Interest on Loan is payable for one year

L~OGS ~~.s2.)~ eo~~ 31.03.2020 N"e3 te~ e~ di>oLa"ru 50,000

;;J"S~8~ ~oa~a. ::mRo~ ~~o-e);fu

!J~oe.u . 21,000
..,
~OOJt>~di>oC1.
~a"ru 20,000
g}~O"ru G~~ ~C1~
~~~~6)Jru
7,500
~~~~XGSJ 1,600

~~~ru · 15,000
~o~~~XGSJ 12,000

~e)~~o 82,000
~;fuf\'~ 1,40,000

g}g}~ all)~L"~ru, all)~~~ru 14,500 6,300

. ejJ~soru 2,74,900

~o~ all)~::m (@ 10%) 10,000

;;J"j~ru 3,000 2,000
3,75,200 3,75,200
~~N"e>.) 8,000
21 [BC - S 51011
20 [BC - S 51011
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