PU.C.

ANNUALEXAMINATION FEBRUARY-2020
SUBJECT: ACCOUNTANCY (30)
Maximum Marks: 100
Time 3 Hours 15 Minutes
Instructions
Section-A should be answered continuously at one place.
1. All sub-questions of
2. Provide Working Notes wherever necessary.
while
3. Write the
serial number of questions properly as given in the question paper
answering.
SECTION - A
carries ONE mark:
Answer any ElGHT of the following questions. Each question 8x1-8

The process of accounting starts with

1.
2 Expand 'GAAP
and decrease in asset is credited State True/False.
Increase in asset is debited
3 records
4 Double column cash book
a) All transactions b) Only cash transactions
transactions
c) Only credit transactions
d) Cash and Bank
5 Trial Balance is a
a) An account b) A subsidiary book
c) A statement d) A principal book
(Creditor / Debtor/ Endorser)
6 Promissory note is written by
expenses.
7. Give an example for outstanding
records.
8. State the meaning of incomplete
software.
9. Write any one type of

10 What is Data ?
SECTION- B
Two marks:
questions. Each question carries
Answer any FIVE of the following 5x2=10

11 Define Accounting.
State any two Accounting
Concept.
12
Narration.
13 Give the meaning of
Statement ?
Bank Reconciliation
14 What is
15 Name any two types of Errors.
Reserves.
16 Name any two examples of
Current Assets.
17. Give two examples of
of Computers.
18 State any two elements
SECTION - C
Each question carries SiX marks:
Answer any FOUR of
the following questions. 4x6-24
ll
Expenses/Losses and
accounts in to Assets, Liabilities, Capital,
19 Classify the following
Revenue/Gains
9) Capital
a) Furniture
h) Investment
b) Drawings i) Stock ANc
c) Sales
j) Purchase Alc
d) Debtorss
k) Creditors
e) Outstanding Salary
1) Bank Loan A/c
)Interest received (P.T.O)
 -2-
20 Prepare an Analytical petty cash book from the following transactions
Date Particulars
2019
Jan. 01 Received cash from Main Cashier 1,000
"

05 Paid cartage on goods 300

10 Paid postage stamps 100
15 Stationery purchased 200
20 Auto fair 100

21. From the following particulars prepare purchase book.

Date Transactions
2019
Amount ()
Feb. 01 Bought goods from Sachin 12,000
". 06 Bought goods from Sahana at trade discount of 10%| 20,000
". 10 Purchased goods from Shivu
".
8,000
15 Mr. Patil Supplied goods to us
5,000
20 Bought goods from Murthy 2,000
22 From the following particulars given below, prepare the Trial Balance
S.No. Particulars Amount ()
as on
31-03-2019
1 Purchases 50,000
Sales 80,000
3 Bank Loan 10,000
4. Machinery 60,000
5 Cash 12,000
6 Capital 75,000
Debtors 50,000
8. Creditors 10,000
9 Bills Receivable 5,000
10 Bills Payable 2.000
23 Compute cost of goods sold for the year
2018-19
Particulars Amount (
Sales
10.00,000
Purchases 7,50,000
Wages 50,000
Stock on 01-04-2018
1,50,000
Stock on 31-03-2019
2.00,000
24 From the following given information
prepare Total Debtors Account.
Debtors as on April 01, 2018
1,00,000
Debtors as on March 31, 2019
1,40,000
Cash received from Debtors
1,20,000
Discount allowed
2,000
Bills receivable
R 60,000
Bad debts
R 6.000
25. Explain any three advantages and any three limitations of
System. computerised Accounting

(P.T.O)
 -3
SECTION D
nswer any FOUR of the following questions. Each question carries TWELVE
Ans
4x12-48
marks

the following transactions in the books of M/s. S.S. Traders

Journalise
26 2019
Jan. 01 Started business with cash 90.000
and Furniture 10.000
" 03 Open a Bank A/c with SBI 20.000
". 06 Purchased goods from Ramesh 30.000
" 09 Sold goods to Rahul for Cash 15.000
10 Cash purchased 10,000
12 Sold goods to Mohan 20.000
" 15 Received Commission z 1,000
". 20 Drew from Bank for personal use 5,000
-" 22 Cash received from Mohan 20,000
" 25 Paid Rent by cheque z 5.000
"30 Paid for salary 4,000
from the following transactions
27 Prepare Double Column Cash book Bank 5,000
17,500 and Cash at
Cash in hand z
01-07-2019
03-07-2019 Purchased goods for cash
5,000
05-07-2019 Received Jayanthi 12.000
cheque from
07-07-2019 Sold goods for cash z 8,000
in to Bank
10-07-2019 Jayanthi's cheque deposited 25.0000
15-07-2019 Purchased goods and paid by cheque
20-07-2019 Cash Sales z 7,000
22-07-2019 Deposited in to Bank 15,000
27-07-2019 Received Commission by cheque z 8.000
from Bank 6.000
30-07-2019 Withdraw for personal use
Reconciliation Statement
Bank
28 From the following information, prepare
42.000.
01. Bank balance as per pass book z
in pass book 3.800
02. Cheque paid in to Bank, but not credited
for payment z 4,500
03. Cheque issued, but not presented
Bank and Credited in pass book z 2,500
04. Interest on Investment collected by
book 200
05. Bank Commission Credited in pass
in pass book z 6,000
06. Direct made by customer to our Bank A/c appeared only
deposit
29. On 01-04-2014 Basava Company Ltd. purchased a plant costing z 85,000 and spent
was sold for 75,000. On
15.000 for its installation. On 31-03-2016, the plantThe firm charges depreciation
01-04-2016 a new plant was purchased for 50,000.
@10% under
p.a. line method. Accounts are closed on 31* March every year.
straight
Prepare : 1. Plant account
2. Depreciation A/c for first 4 years.
30. Sandesh sold goods 30.000 to Srushti on Jan. 01. 2019 and immediately drew bill on
30
Srushti for three month for the same amount, Srushti accepted the bill and returned it
to Sandesh on March 04, 2019 Srushti retired her acceptance under rebate of 8% p.a.
Pass Journal entries in the books of both the parties
31. From the following balances and adjustments. prepare Trading. Profit and Loss Account
and a Balance Sheet asParticulars
on 31-03-2019 Debit Credit
SI
No. (R) (R)
1. Opening Stock 45,000
Purchase Sales 80,000 2,00,000
(P.T.O)
 4

Wages 34,000
A. Salary 11,500
5. Rent 3,000
6. Debtors/Creditors 70,000 50,000
Building 1,00,000
8 Machinery 80,000
9 Fumiture 25,000
10 Drawing/Capital 10,000 2,10,000
11 Bills receivable/payable 7,000 6,500
12 Returns 4,000 2,000
13 Commission received 10,000
14 Cash in hand 9,000
Total 4,78,500 4,78,500
Adjustments:
1) Stock as on 31-03-2019 50,000.
2) Salary out standing 1,000
3) Bad debts written off at 5% on debtors.
4) Depreciation Machinery and furniture at 10% p.a.
32. Mr. Gandhi keeps his books on incomplete records of book
following information.
keeping. He gives you the

Particulars 01-04-2018 31-03-2019

R)
Stock in trade 10,000 15,000
Sundry debtors 25,000 30,000
Land & building 1,00,000 1,50,000
Furniture 40,000 40,000
Sundry Creditors 20,000 25,000
Bills payable 5,000 10,000
Cash in hand 7,000 15,000
Cash at Bank 3,000 5,000
During the year he drew 15,000 for personal purpose and 01-10-2018 introduced
additional capital 20,000 in to business.
Adjustments
1) Depreciation at 5% p.a. on furniture.
2) Rent due but not paid 1500
3) Commission earned but not received 1,000
4) Bad and doubtful debts reserve 2,000.
Prepare:
1) Statement of Affairs
2) Statement of profit and loss.
3) Revised statement of affairs as on 31-03-20199
SECTION-E
(Practical Oriented Questions)
Answer any TWO of the following
questions. Each question carries FIVE mark
2x5-10
33 Draw diagram of Accounting process.
a
34 Prepare a Machinery Account for 2 years with
method. imaginary figures under reducing bala
nce

35 Draw a Block diagram of Main

Components of Computers.