Professional Documents
Culture Documents
ABESBusiness SchoolSessional
ABES Test - 2
(Odd Semester, 2023-24)
QP Set:B
Number of Printed Pages: 3
KSTD 20o00
Roll Number 20)31M090 1124
Time: 1.15 Hrs.
Max. Marks: 30
Section: C &D
Semester: 1st
Program: MBA Accounting &Analysis
Course Title: Financial
Course Code: KMBN 103
Marks
Question
KL, CO
Q.N
SECTION A Total Marks: 20 marks
Furniture 5200
65,000
Building
Debtors and creditors 6000 16,000
Capital 50,000
Closing Stock Rs.15,000 (stock 31st March 2023)
From the following balances extracted from the books of M/s Ahuja and
Nanda. Calculate the amount of:
sale
Ka) Cost of goods available forthe
(b) Cost of goods sold during year
(c) Gross Profit
(d) Net Profit
K3/C03 Name of Accounts Amount(Rs.)
(b) Opening stock 25,000
Credit purchases 7,50,000
Cash purchases 3,00,000
Credit sales 12,00,000
Cash sales 4,00,000
Wages 1,00,000
Carriage outward 25,000
Salaries 1,40,000
Closing
stock 30,000
Sales return 50,000
Purchase return 10,000
SECTION B Total Marks: 10 marks
Attempt ANY ONE from the following:
4.
Mr. Akshey Kumar furnishes the following balances as on 31st March, 5
transactions in the 5
Ramesh is a businessman he made the following 's
Mr. an accountant of Mr. Ramesh
K2/CO2 month of December 2023. you are Transactions (Attempt
(b) following
business. Give journal entries of the
any 5 Entries out of 6) proper
Use proper format of Journal
Rs.50,000 taken by the owner for personal use
(0) Goods worth outstanding.
(i) Commission Rs.5000of December month is advance.
received in
(ii) Rent Rs. 10,000 for the month of Jan amount 10,000
Amount paid to Aditya Rs.9800 for the
(iv) SBI Bank.
Rs 100 interest received from
()
Ram aDebtor of Rs.40,000, becomes insolvent Rs.60 paise in a
(vi) estate.
rupee is recoverable from his
Attermpt ANY ONE from the following: 5
5
diagram and examples.
K2/CO2 Explain the rules of Debit and credit with suitableAutomobiles. Pass the
(a) Chaudhary is a Trader dealing in
Ms Priyanshi following transactions 5
(b) K2/CO2 hecessary journal Entries from the
cash Rs 90,000
1:- Commenced business with
Prachi on Credit Rs.40,000
2:-Purchased goods from Rs. 39000
settlement
3:- Payment made to Prachi in full Rs. 60,000
4:- Goods sold to Neha Kaushik on Credit settlement Rs .59,500
5:- Received Amount from Neha in Full
question
CO- Course Outcomes mapped with respective and K6)
KL- Bloom's Knowledge Level (K1, K2, K3, K4, K5, Evaluate K6 - Create
K1-Remember K2-Understand K3-Apply K4 -Analyze K5-