JULY 2019 U/ID 22215/UCZ1A/

UCW1A/UCY1A/UCV1B

Time : Three hours Maximum : 75 marks

SECTION A — (10 × 2 = 20 marks)

Answer any TEN questions.
1. What is profit and loss account?
C»õ£ |mhU PnUS GßÓõÀ GßÚ?
2. What is the need for preparing final accounts?
CÖvU PnUS u¯õ›¨£uß ÷uøÁ ¯õx?
3. Define depreciation.
÷u´©õÚ® Áøμ¯Ö.
4. Give the meaning of annuity method.
BskzöuõøP •øÓ Gߣuß ö£õ¸Ò u¸P.
5. Write the meaning of Red Ink Interest.
]Á¨¦ ø© Ámi Gߣuß ö£õ¸Ò GÊxP.
6. Define insurance.
Põ¨¥k Áøμ¯Ö.
7. What are capital receipts?
•u¼Ú ö£ÖuÀPÒ ¯õøÁ?
8. What is income and expenditure account?
Á¸Áõ´ ©ØÖ® ö\»ÂÚU PnUS GßÓõÀ GßÚ?
9. State the meaning of statement of affairs method.
ÂÁPõμ AÔUøP •øÓ Gߣuß ö£õ¸Ò TÖP.
10. What is single entry method?
JØøÓ¨ £vÄ •øÓ GßÓõÀ GßÚ?
11. Write about current assets.
|h¨¦ ö\õzxPÒ £ØÔ GÊxP.
12. What do you mean by average due date?
\μõ\› uÁøn ÷uv Gߣuß ö£õ¸Ò GßÚ?
 SECTION B — (5 × 5 = 25 marks)

Answer any FIVE questions.

13. Prepare trading and P and L account from the information given
below.
Rs.
Opening stock 3,600
Purchases 18,260
Wages 3,620
Closing stock 4,420
Sales 32,000
Carriage on purchase 500
Carriage on sales 400
Rent (Factory) 400
Rent (Office) 500
Sales returns 700
Purchase returns 900
General expenses 900
Discount to customers 360
Interest from bank 200

¤ßÁ¸® uPÁÀPμ¸¢x ¯õ£õμ C»õ£ |mh PnUQøÚ u¯õº

ö\´P.
¹.
öuõhUP \μUQ¸¨¦ 3,600
öPõÒ•uÀ 18,260
T¼ 3,620
CÖv \μUQ¸¨¦ 4,420
ÂØ£øÚ 32,000
öPõÒ•uÀ «uõÚ HØÖa ö\À ö\»Ä 500
ÂØ£øÚ «uõÚ HØÖaö\À ö\»Ä 400
ÁõhøP (öuõÈØ\õø») 400
ÁõhøP (A¾Á»P®) 500
ÂØ£øÚz v¸¨£® 700
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 ¹.
öPõÒ•uÀ v¸¨£® 900
ö£õx ö\»ÄPÒ 900
ÁõiUøP¯õ͸US AÎzu uÒУi 360
Á[Q°¼¸¢x Ámi 200

14. Distinguish between receipts and payments account and income

and expenditure account.
Á¸Áõ´ ö\»ÂÚU PnUQØS® ©ØÖ® ö£ÖuÀ ö\¾zuÀ
PnUQØS® Cøh÷¯ ÷ÁÖ£kzxP.

15. What is the need for providing depreciation?

÷u´©õÚ® AÝ©v¨£uß ÷uøÁ ¯õx?

16. Anand has purchased as follows. For that purchases, due date
were given below
Amount
Date (Rs.) Due date
05.01.1988 500 16.02.1988
10.02.1988 800 16.03.1988
04.03.1988 1,000 20.04.1988
01.04.1988 750 15.05.1988

Find average due date.

BÚ¢z ¤ßÁ¸©õÖ öPõÒ•uÀ ö\´QÓõº. A¢u öPõÒ•uÀ ÷uv
©ØÖ® uÁøn ÷uv R÷Ç AÎUP¨£mkÒÍx.
öuõøP
÷uv (¹.) uÁøn ÷uv
05.01.1988 500 16.02.1988
10.02.1988 800 16.03.1988
04.03.1988 1,000 20.04.1988
01.04.1988 750 15.05.1988

\μõ\› uÁøn ÷uv°øÚU PõsP.

3 U/ID 22215/UCZ1A/
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17. An asset is purchased for Rs. 25,000. Depreciation is to be
provided annually according to the straight line method. The
useful life of the asset is 10 years and the residual value is
Rs. 5,000. You are required to find out the rate of depreciation
and prepare the asset account for the first three years.

Kº ö\õzx ¹. 25,000US öPõÒ•uÀ ö\´¯¨£mhx. Auß «uõÚ

÷u´©õÚ® ÷|º÷Põmk •øÓ°À AÝ©vUP¨£kQÓx. Aaö\õzvß
B²Ò Põ»® 10 BskPÒ Auß ¤ßÚº Auß Gg]¯ ©v¨¦
¹. 5,000. ÷u´©õÚ ÃuzvøÚU PõsP. ÷©¾® A¢u ö\õzx
PnUQøÚ •uÀ ‰ßÖ BskPÐUS u¯õº ö\´P.

18. What are the limitations of single entry system?

JØøÓ¨ £vÄ •øÓ°ß Áøμ•øÓPÒ ¯õx?

19. Mr. Kannan kept his books on single entry system. His position
on 31.12.2002 was as follows :

Cash in hand Rs. 250; Bank Rs. 2,750; Stock Rs. 21,000; Debtors
Rs. 7,500; Furniture Rs. 1,750; Machinery Rs. 15,000; Creditors
Rs. 18,000. He introduced new capital of Rs. 5,000 during the
year and also withdrew @ Rs. 600 every month.

His position on 31.12.2003 was: Cash Rs. 300; Bank Rs. 2,200;
Debtors Rs. 12,000; Stock Rs. 18,000; Machinery Rs. 25,000;
Creditors Rs. 23,000

From the above particulars prepare his profit and loss position
for the year ended 31.12.2003

Psnß GߣÁº uÚx HkPøÍ JØøÓ¨ £vÄ •øÓ°À £μõ©›zx

Á¸QÓõß. AÁ›ß 31.12.2002¢ ÷uv¯ {ø» ¤ßÁ¸©õÖ :

øP°¸¨¦ öμõUP® ¹. 250; Á[Q ¹. 2,750; \μUQ¸¨¦ ¹. 21,000;

PhÚõÎPÒ ¹. 7,500; AøÓP»ß ¹. 1,750; C¯¢vμ® ¹. 15,000;
PhÜ¢÷uõº ¹. 18,000. AÁº AÔ•P¨£kzv¯ TkuÀ •uÀ
¹. 5,000 A¢u BsiÀ ©õu¢÷uõÖ® ¹. 600 Gk¨£õP GkzxU
öPõshõº.

31.12.2003 ÷uv¯ {ø» Á¸©õÖ : öμõUP® ¹.. 300; Á[Q

¹. 2,200; PhÚõÎPÒ ¹. 12,000; \μUQ¸¨¦ ¹. 18,000; C¯¢vμ®
¹. 25,000; PhÜ¢÷uõº ¹. 23,000.

÷©ØPõq® uPÁÀPøÍU öPõsk 31.12.2003¢ ÷uv÷¯õk

•iÁøh²® BskUS›¯ C»õ£ |mh AÔUøP°øÚ u¯õº ö\´P.

4 U/ID 22215/UCZ1A/
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 SECTION C — (3  10 = 30 marks)

Answer any THREE questions.

20. From the following trial balance, prepare trading, P and L

account for the year ended 31st December, 2001 and balance
sheet as on that date.
Rs. Rs.
Salaries 5,500 Capital 30,000
Rent 1,300 Creditors 9,500
Cash 1,000 Sales 32,000
Debtors 40,000 Loans 10,000
Trade expenses 600
Purchases 25,000
Advances 2,500
Bank balance 5,600
81,500 81,500

Adjustments :
(a) The closing stock was Rs. 9,000
(b) Outstanding salary Rs. 500
(c) Rent prepaid Rs. 200
(d) Calculate 5% interest on capital.
¤ßÁ¸® C¸¨£õ´ÂøÚU öPõsk ¯õ£õμ, C»õ£ |mhU PnUS
©ØÖ® C¸¨¦ {ø»U SÔ¨¤øÚ 31 i\®£º 2001 |õ÷Íõk
•iÁøh²® BsiØS u¯õº ö\´P.
¹. ¹.
\®£Í® 5,500 •uÀ 30,000
ÁõhøP 1,300 PhÜ¢÷uõº 9,500
öμõUP® 1,000 ÂØ£øÚ 32,000
PhÚõÎPÒ 40,000 Phß 10,000
ÁºzuP ö\»ÄPÒ 600
öPõÒ•uÀ 25,000
•ß£n® 2,500
Á[Q C¸¨¦ 5,600
81,500 81,500

5 U/ID 22215/UCZ1A/
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 \›UPmhÀPÒ :
(A) CÖva \μUQ¸¨¦ ¹. 9,000
(B) öPõk£h÷Ási¯ \®£Í® ¹. 500
(C) •ßTmi ö\¾zv¯ ÁõhøP ¹. 200
(D) •uÀ «x 5% Ámi PnUQkP.

21. From the following prepare an Income and Expenditure account

for 1997
Rs. Rs.
To Opening balance : By Salaries 4,800
Bank 1,800 By Rent 500
To Subscriptions : By Stationery and postage 200
1996 500 By Bicycle purchased 300
1997 8,300 By National Savings certificates 3,000
1998 600 9,400 By Help to needy students 2,000
To sale of investments 2,000 By Balance-bank 2,700
To Sale of old furniture
(book value Rs. 400) 300
13,500 13,500
Subscriptions for 1997 still receivable were Rs.700. Interest due
on savings certificates Rs.100 and rent unpaid but due was
Rs.60.
¤ßÁ¸ÁÚÁØÔ¼¸¢x 1997® BskUS›¯ Á¸Áõ´ ö\»ÂÚU
PnUQøÚ u¯õº ö\´P.
ö£ÖuÀPÒ ¹. ö\¾zxuÀPÒ ¹.
öuõhUP C¸¨¦ \®£Í® 4,800
Á[Q 1,800 ÁõhøP 500
\¢øu GÊxö£õ¸Ò ©ØÖ® Ag\À 200
1996 500 ªvÁsi öPõÒ•uÀ 300
1997 8,300 ÷u^¯ ÷\ª¨¦ £zvμ® 3,000
1998 600 9,400 HøÇ ©õnÁºPÐUS Eu 2,000
•u½kPÒ ÂØ£øÚ 2,000 C¸¨¦ & Á[Q 2,700
£øǯ AøÓP»ß ÂØ£øÚ
(¦zuP ©v¨¦ ¹. 400) 300
13,500 13,500
1997 US›¯ ö£Ó÷Ási¯ \¢uõ ¹. 700 ÷\ª¨¦ £zvμ® «x Ámi
£õUQ ¹. 100 ÷©¾® öPõk£hõ ÁõhøP ¹. 60.

6 U/ID 22215/UCZ1A/
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22. On 1.1.2000 there was machinery worth Rs. 1,80,000 in a
business firm. On 30th June, 2000 a machine was purchased for
Rs. 20,000. On 31.12.2000, a machine was sold for Rs. 4,200
which was purchased for Rs. 4,000 on 1.1.2000. On 31.12.2001,
a machine which was purchased on 1.1.2000 for Rs. 12,000 was
sold for Rs. 8,000.
Depreciation is provided at 10% per annum on fixed instalment
basis. Prepare machinery account for the year 2000 and 2001.
1.1.2000À C¯¢vμ® JßÔøÚ ¹. 1,80,000US C¸¢ux. ÷©¾®
30.6.2000À C¯¢vμ® ¹. 20,000US Áõ[P¨£mhx. 31.12.2000À
1.1.2000À öPõÒ•uÀ ö\´u ¹. 4,000 ©v¨¦ÒÍ C¯¢vμ®
¹. 4,200US ÂØP¨£mhx. 31.12.2001À 1.1.2000À ¹. 12,000US
Áõ[P¨£mh C¯¢vμ® ¹. 8,000US ÂØP¨£mhx.
÷u´©õÚ® BskUS 10% Ãu® {ø»¯õÚ uÁøn Ai¨£øh°À
{ºn°UP¨£kQÓx. 2000 ©ØÖ® 2001 ® BskUS›¯ C¯¢vμ
PnUQøÚ u¯õº ö\´P.
23. Arun withdrew the following amounts from the business
Due date Rs.
15.01.1996 1,000
06.03.1996 1,500
21.05.1996 500
24.06.1996 1,000
Calculate :
(a) Average due date
(b) Interest on drawings @ 12%
Assume that the financial year ends on 30th June 1996.
A¸s uÚx ¯õ£õμzv¼¸¢x ¤ßÁ¸® ÷uvPÎÀ £n® GkzxU
öPõÒQÓõº.
uÁøn ÷uv ¹.
15.01.1996 1,000
06.03.1996 1,500
21.05.1996 500
24.06.1996 1,000
PnUQkP :
(A) \μõ\› uÁøn ÷uv
(B) Gk¨¦ «uõÚ Ámi 12%
30.6.1996À {v Bsk •iÄÖQÓx GÚ AÝ©õÛUP.

7 U/ID 22215/UCZ1A/
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24. Anand keeps his books under single entry system. Assets and
liabilities on 3 1.12.2003 and 3 1.12.2004 stood as follows:
31.12.2003 31.12.2004
Rs. Rs.
Cash 10 2,000
Bank balance 990 10,000
Stock 7,000 10,000
Sundry Debtors 15,000 20,000
Furniture 3,000 3,000
Sundry Creditors 3,000 6,000
He introduced an additional capital of Rs. 3,000 during 2004. He
withdrew Rs. 7,000 for his domestic purpose. Find out the profit
for 2004.
BÚ¢u uÚx HkPøÍ JØøÓ¨ £vÄ •øÓ°À £μõ©›zx Á¸QÓõº.
31.12.2003 ©ØÖ® 31.12.2004 ÷uv¯ ö\õzxPÒ ©ØÖ® ö£õÖ¨¦PÒ
¤ßÁ¸©õÖ
31.12.2003 31.12.2004
Rs. Rs.
öμõUP® 10 2,000
Á[Q C¸¨¦ 990 10,000
\μUQ¸¨¦ 7,000 10,000
£Ø£» PhÚõÎPÒ 15,000 20,000
AøÓP»ß 3,000 3,000
£Ø£» PhÜ¢÷uõº 3,000 6,000
2004 ® BsiÀ AÁº Cmh TkuÀ •uÀ öuõøP ¹. 3,000. AÁº
uÚx ö\õ¢u ö\»ÂØPõÚ GkzxU öPõsh Gk¨¦z öuõøP ¹. 7,000.
2004 ® BskUPõÚ »õ£zvøÚ PõsP.

_______________

8 U/ID 22215/UCZ1A/
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MAY 2022 U/ID 22215/UCZ1A/
UCW1A/UCY1A/UCV1B

Time : Three hours Maximum : 75 marks

PART A — (10 × 2 = 20 marks)
Answer any TEN questions.
1. List out any two objectives of depreciation.
÷u´©õÚzvß ÷|õUP[PÒ H÷uÝ® CμsiøÚ Á›ø\¨£kzxP.
2. What are adjusting entries?
\›Pmk® £vÄPÒ GßÓõÀ GßÚ?
3. What do you mean by non-trading concerns?
¯õ£õμ ÷|õUP©ØÓ Aø©¨¦PÒ SÔzx }º AÔÁx GßÚ?
4. What is Receipts and Payment A/c?
ö£ÖuÀ ö\¾zxuÀ PnUS GßÓõÀ GßÚ?
5. How do you calculate interest under the average due date
method?
\μõ\› uÁøn |õÒ •øÓ°À Ámiø¯ GÆÁõÖ PnUQkÁõ´?
6. Define Account current.
|h¨¦ PnUS Áøμ¯Ö.
7. What is sale (or) return?
ÂØ£øÚ AÀ»x v¸¨£® GßÓõÀ GßÚ?
8. What is Average clause?
\μõ\› åμzx GßÓõÀ GßÚ?
9. Explain the written down value method of depreciation.
SøÓ¢u ö\À •øÓ ÷u´©õÚ® £ØÔ ÂÍUSP.
10. What is depreciation?
÷u´©õÚ® GßÓõÀ GßÚ?
11. State any two features of single entry system.
JØøÓ¨ £vÄ •øÓ°ß ]Ó¨¦¯À¦PÒ H÷uÝ® CμsiøÚ u¸P.
12. What is networth method?
{Pμ ©v¨¦ •øÓ GßÓõÀ GßÚ?
 PART B — (5 × 5 = 25 marks)

Answer any FIVE questions.

13. Prepare trading account of Archana for the year ending

31.12.2016 from the following information :
Rs.
Opening stock 80,000
Purchases 8,60,000
Freight inward 52,000
Wages 24,000
Sales 14,40,000
Purchases returns 10,000
Sales returns 3,16,000
Closing stock 1,00,000
Import duty 30,000
31.12.2016¤ßÁ¸® uPÁÀPμ¸¢x Aºa\Úõ AÁºPÎß
¯õ£õμ PnUøP u¯õº ö\´P.
¹.
B쮣 \μUQ¸¨¦ 80,000
öPõÒ•uÀ 8,60,000
EÒ HØÖUT¼ 52,000
T¼PÒ 24,000
ÂØ£øÚ 14,40,000
öPõÒ•uÀ v¸¨£® 10,000
ÂØ£øÚ v¸¨£® 3,16,000
CÖv \μUQ¸¨¦ 1,00,000
CÓUS©v Á› 30,000
14. A Golf club was been kept its account on cash basis and the
figures for 2007 are given below, you are required to prepare
Receipts and Payments A/c for the year.
Rs.
Entrance fees 2,500
Subscription received 19,800
Green fees received 600
Expenses paid 27,250
Surplus on bar a/c 7,500
Secretary’s honorarium 1,500
Cash in hand (1.1.2007) 2,350
Locker rent received 500
Cost of investment bought during the year 1,100
2 U/ID 22215/UCZ1A/
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 ÷PõÀ¨ Qͨ uÚx PnUS HkPøÍ öμõUP Ai¨£øh¨
£μõ©›UQßÓx. ¤ßÁ¸® 2007–® Á¸hzvØS |hÁiUøPø¯
øÁzx ö£ÖuÀ ö\¾zxuÀ PnUS ö\´P.
¹.
~øÇÄU Pmhn® ö£ØÓx 2,500
\¢uõ ö£ØÓx 19,800
£_ø© Pmhn® ö£ØÓx 600
ö\¾zv¯ ö\»Ä 27,250
£õº PnUQß E£› 7,500
ö\¯»›ß ©v¨¦ Fv¯® 1,500
1.1.2007 AßÖ øP°¸¨¦ öμõUP® 2,350
£õxPõ¨¦ ö£mhP ÁõhøP ö£Ó¨£mhx 500
öPõÒ•uÀ •uÀ ö\´¯¨£mh •u½mk öuõøP 1,100

15. Sheela drew the following Bills of exchange on Mala during the
year 2008 :
Date Amount Term
12th January 500 2 months
14th February 300 2 months
20th March 1,000 1 month
4th April 500 1 month
15thMay 600 2 months
Find out Average due date.
2008–® Bsk ¤ßÁ¸® uPÁÀPμ¸¢x ^»õ GÊvzöPõkzu
©õØÖa^mk ©õ»õ ¤ßÁ¸©õÖ
÷uv öuõøP Põ»®
¹.
áÚÁ› 12 500 2 ©õu®
¤¨μÁ› 14 300 2 ©õu®
©õºa 20 1,000 1 ©õu®
H¨μÀ 4 500 1 ©õu®
÷© 15 600 2 ©õu®
\μõ\› uÁøn |õÒ Psk¤i.
16. Explain the different methods of computing interest in Account
current.
|h¨¦ PnUQß Ámiø¯ PnUQk® £À÷ÁÖ •øÓPøÍ ÂÍUSP.
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17. On 1.1.2001 machinery was purchased for Rs. 3,00,000 on
31.1.2001 the machinery was sold for Rs. 2,50,000. Rate of
depreciation is 20% on Straight line method. Prepare Machinery
Account.
1.1.2001–À ¹. 3,00,000 ©v¨¦ÒÍ C¯¢vμ® Áõ[P¨£mhx. Ax
31.1.2001 AßÖ ¹. 2,50,000–US ÂØ£øÚ ö\´¯¨£mhx.
÷u´©õÚ® ÂQu® 20% ÷|º÷Põmk •øÓ°À GÚU öPõsk
C¯¢vμU PnUøP u¯õ›UPÄ®.
18. What are the merits and demerits of Straight line method of
Depreciation?
÷|º÷Põmkz ÷u´©õÚ •øÓ°ß |ßø© wø©PÒ ¯õøÁ?

19. Find out Credit Purchases from the following.

Rs.
Balance of creditors on 1 January 7,600
Return outward 2,400
Cash paid to creditors 20,000
Bills accepted 4,600
Discount allowed by them 500
Balance of creditors on 31 December
st 9,500
¤ßÁ¸® uPÁÀPÎߣi Phß öPõÒ•uÀ Psk¤iUPÄ®.
¹.
1 áÚÁ› ÷uv¯ßÖ PhÜ¢÷uõº C¸¨¦ öuõøP 7,600
öPõÒ•uÀ v¸¨£® 2,400
PhÜ¢÷uõ¸US ö\¾zv¯ öμõUP® 20,000
Hئ ö\´¯¨£mh ©õØÖa^mk (ö\.©õ.^mk) 4,600
PhÜ¢÷uõμõÀ ÁÇ[P¨£mh |mh® 500
31 i\®£º AßÖ PhÜ¢÷uõº C¸¨¦ 9,500
PART C — (3 × 10 = 30 marks)
Answer any THREE questions.
20. From the following Trial Balance prepare the Trading Profit and
Loss a/c for the year ended 31st December 2006 and a balance
sheet as on that date.
Trial Balance as on 31.12.2006
Dr. Cr.
(Rs.) (Rs.)
Capital – 80,000
Sales – 50,000
Creditors – 2,000
Bills payable – 1,000
Discount earned – 500
Interest Received – 500

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 Dr. Cr.
(Rs.) (Rs.)
Purchase 30,000
Salaries 4,000
Rent 3,000
Wages 2,000
Insurance 600
Drawings 10,000
Machinery 56,000
Bank 9,000
Cash 4,000
Stock (Opening) 10,400
Debtors 5,000
1,34,000 1,34,000

Adjustments :
(a) Closing stock Rs. 10,000
(b) Salaries outstanding Rs. 600/-
(c) Rent paid in advance Rs. 400/-
(d) Depreciate machinery at 10%
(e) Bad debts written off Rs. 500/-
RÌUPsh C¸¨¦ ÷\õuøÚ £mi¯¼¸¢x
31.12.2006 – À •i²® BsiØPõÚ Â¯õ£õμ C»õ£ |èh
PnUQøÚ²®, C¸¨¦ {ø»SÔ¨ø£²® u¯õ›UP.
C¸¨¦ ÷\õuøÚ¨£mi¯À 31.12.2006 AßÖ
£ØÖ ÁμÄ
¹. ¹.
•uÀ – 80,000
ÂØ£øÚ – 50,000
PhÜ¢÷uõºPÒ – 2,000
ö\¾zuØS›¯ ©õØÖ^mk – 1,000
ö£ØÓ uÒУi – 500
Ámi ö£ØÓx – 500
öPõÒ•uÀ 30,000
\®£Í® 4,000
ÁõhøP 3,000
T¼ 2,000
Põ¨¥mk •øÚ©® 600
Gk¨¦ 10,000
ö£õÔPÒ 56,000

5 U/ID 22215/UCZ1A/
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 £ØÖ ÁμÄ
¹. ¹.
Á[Q 9,000
öμõUP® 4,000
\μUQ¸¨¦ (öuõhUP) 10,400
PhÚõÎPÒ 5,000
1,34,000 1,34,000
\›UPmhÀPÒ :
(A) CÖv \μUQ¸¨¦ ¹. 10,000.
(B) öPõk£h ÷Ási¯ \®£Í® ¹. 600.
(C) •ßTmi ö\¾zv¯ ÁõhøP ¹. 400.
(D) ö£õÔPÒ «x 10% ÷u´©õÚ® HØ£kzxP.
(E) ¹. 500 ÁõμUPhß \› ö\´P.

21. From the following Receipts and Payments A/c and Additional
Information, Prepare Income and Expenditure A/c and Balance
Sheet as on 31.12.1999.

Receipt and Payment Account

Rs. Rs.
To Balance b/d 2,000 By wages 4,000
Subscription 14,000 Bats and Ball 6,000
Donation 6,000 Sports equipments 9,000
Entrance fee 2,000 Special subscript expenses 4,000
Interest on FD Investments 1,000
at 10% 1,000 Furniture 4,000
Sale of cycle 700 Balance c/d 2,000
Special
subscription 4,300
30,000 30,000
Additional Information :
(a) Capitalise donation, special subscription surplus in full
and half of the entrance fee.
(b) Stock of bats and balls on 1.1.99 Rs. 4,000 stock of bats and
balls on 31.12.99 Rs. 1,000.
(c) Subscription outstanding on 1.1.99 Rs. 7,000 subscription
outstanding on 31.12.99 Rs. 1,000.
(d) The asset on 1.1.1999 were : cycle Rs. 1,000; Ground
Rs. 14,000; Furniture Rs. 5,000; Sports equipments
Rs. 7,000.

6 U/ID 22215/UCZ1A/
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 RÌUPsh ö£ÖuÀ, ö\¾zxuÀ PnUS ©ØÖ® ÷©À ÂÁμ[PÎß
xøn öPõsk 31.12.1999 Ehß •i¢u Põ»zvØS Á¸Áõ´ ö\»Ä
PnUS®, C¸¨¦ {ø» SÔ¨¦® u¯õ›UPÄ®.

ö£ÖuÀ ö\¾zxuÀ PnUS

¹. ¹.
C¸¨¦ R/öPõ 2,000 T¼ 4,000
\¢uõ 14,000 £¢x / ©møh 6,000
|ßöPõøh 6,000 Âøͯõmk ö£õ¸mPÒ 9,000
~øÇÄU Pmhn® 2,000 ]Ó¨¦ \¢uõ ö\»Ä 4,000
10% øÁ¨¤ß «x Ámi 1,000 •u½k 1,000
ø\UQÒ ÂØÓx 700 AøÓ¯oPÒ 4,000
]Ó¨¦ \¢uõ 4,300 C¸¨¦ R/C 2,000
30,000 30,000
÷©À £μ[PÒ :
(A) |ßöPõøh; ]Ó¨¦ \¢uõ E£›; •Êø©¯õPÄ®, £õv ~øÇÄU
Pmhn•® ‰»uÚ©õUP£hÄ®.

(B) £¢x ©møh \μUQ¸¨¦ 1.1.99 – ¹. 4,000, £¢x ©møh

\μUQ¸¨¦ 31.12.99 – ¹. 1,000.

(C) \¢uõ £õUQ 1.1.1999 AßÖ ¹. 7,000, \¢uõ £õUQ 31.12.1999

AßÖ ¹. 1,000.

(D) 1.1.99 AßÔ¸¢u ö\õzxUPÒ : ø\UQÒ ¹. 1,000 ø©uõÚ®

¹. 14,000, AøÓ¯oPÒ ¹. 5,000 Âøͯõmk ö£õ¸mPÒ
¹. 7,000.

22. Explain the different methods of recording the transactions of

goods sent on ‘Sale’ (or) ‘Return’ basis.

‘ÂØ£øÚ’ ©ØÖ® ‘v¸¨£zvß’ \μUSPÎß |øh•øÓPøÍ £vÄ

ö\´²® £À÷ÁÖ •øÓPøÍ ÂÍUSP.

23. A fire occurred in the premises of X Ltd on 10.10.2007. All stocks

were destroyed except to the extent of Rs. 6,200. From the
following figures, ascertain the loss suffered by the company.

Stock on 1.1.2006 Rs. 40,000; Purchases during 2006

Rs. 1,45,000. Sales during 2006 Rs. 2,00,000; Stock on
31.12.2006 Rs. 25,000; Purchase during 2007 upto the date of
fire Rs. 1,52,200. Sales during 2007 upto date of fire
Rs. 1,89,000.

7 U/ID 22215/UCZ1A/
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 10.10.2007 AßÖ X ¼ªöhm ÁÍõPzvÀ w ¤izxUöPõshx. ¹.
6,200 ©v¨¦ÒÍ ö£õ¸mPøÍ uÂμ ©ØÓ AøÚzx \μUSPЮ
AÈ¢x ÷£õ°Ú. R÷Ç u쨣mkÒÍ Â£μ[Pμ¸¢x {Pμ
CǨø£ PnUQkP.

1.1.2006 AßÖ \μUQ¸¨¦ ¹. 40,000; 2006–À öPõÒ•uÀ

¹. 1,45,000; 2006® BsiPÒ ÂØ£øÚ ¹. 2,00,000. 31.12.2006–À
\μUQ¸¨¦ ¹. 25,000; 2007–® Bsk w ¤izx |õÒ Áøμ°»õÚ
öPõÒ•uÀ ¹. 1,52,200. 2007–® Bsk w ¤izx |õÒ Áøμ°»õÚ
ÂØ£øÚUS ¹. 1,89,000.

24. X Ltd, bought 10 identical machines each costing Rs. 10,000 on

1.1.2004. Two of the machines were sold on 1.7.2005 for
Rs. 12,000. On 1.10.2005 two more machines were bought for
Rs. 12,500 each. Two machines from the first lot were sold for
Rs. 6,000 each on 1.4.2006. Show machines account on
31.3.2007, if depreciation is provided under diminishing balance
method at 10% and accounts are closed on every 31st March.
X ¼ªöhm J÷μ ©õv›¯õÚ 10 C¯¢vμ[PøÍ JÆöÁõ¸
C¯¢vμ•® ¹. 10,000 Âø»°À 1.1.2004 AßÖ Áõ[Q¯x. 1.7.2005
AßÖ C¸ C¯¢vμ[PøÍ ¹. 12,000–US ÂØÓx. JÆöÁõ¸ßÖ® ¹.
12,500 Âø»°À C¸ C¯¢vμ[PøÍ 1.10.2005 AßÖ Áõ[Q¯x.
•u¼À Áõ[Q¯ C¯¢vμ[Pμ¸¢x JÆöÁõßÖ® ¹. 6,000
Âø»°À C¸ C¯¢vμ[PøÍ 1.4.2006 AßÖ ÂØÓx. SøÓ¢u ö\À
C¸¨¦ •øÓ°À JÆöÁõ¸ ©õºa 31 AßÖ® 10% ÷u´©õÚ®
JxUQk ö\´ÁuõP P¸v C¯¢vμ PnUøP 31.3.2007 AßÖ Áøμ
PõmhÄ®.

––––––––––––

8 U/ID 22215/UCZ1A/
UCW1A/UCY1A/UCV1B
DECEMBER 2019 U/ID 22215/UCZ1A/UCW1A/
UCY1A/UCV1B

Time : Three hours Maximum : 75 marks

SECTION A — (10  2 = 20 marks)

Answer any TEN questions.

1. Explain Trading Account.

¯õ£õμU PnUS GߣuøÚ ÂÁ›.

2. What is Profit and Loss account?

C»õ£ |mhU PnUS GßÓõÀ GßÚ?

3. State the features of Receipts and Payment account.

ö£ÖuÀ ©ØÖ® ö\¾zu¾UPõÚ ]Ó¨¤¯À¦PøÍ SÔ¨¤kP.

4. How will you calculate average due date?

\μõ\› uÁøn |õÒ GÆÁõÖ PnUQh¨£kQÓx?

5. Mention the different methods of calculating interest in account

current.
|øh•øÓU PnUQÀ Ámiø¯ PnUQk® £À÷ÁÖ •øÓPøÍ
SÔ¨¤kP.

6. What do you mean by Sale or Return basis?

ÂØ£øÚ AÀ»x v¸®¦ Ai¨£øh GßÓõÀ GßÚ?

7. List out the causes for Depreciation.

÷u´©õÚ® Á¸ÁuØPõÚ Põμn[PøÍ Á›ø\¨£kzxP.

8. How do you compute fire claim in Insurance?

w Põ¨¥k ÷PõμÀ GÆÁõÖ PnUQh¨£kQÓx?

9. What do you mean by capital receipt? Give an example.

‰»uÚ¨ ö£ÖuÀ GßÓõÀ GßÚ? uS¢u Euõμn® u¸P.

10. What are the defects of Single Entry System?

JØøÓ¨ £vÄ •øÓ°ß SøÓ£õkPÒ ¯õøÁ?
11. What is Statement of Affairs?
{v{ø» AÔUøP GßÓõÀ GßÚ?
12. Give the meaning of incomplete records.
•iUP¨£hõu BÁn[PÒ Gߣuß ö£õ¸Ò u¸P.

SECTION B — (5  5 = 25 marks)

Answer any FIVE questions.

13. Mr. Charles keeps his books by single entry. He started business
on 1st January 2000 with Rs. 10,000. On 31st December 2000 his
position was as under :
Assets : cash in hand Rs. 250; Cash at bank Rs. 4,800; Sundry
debtors Rs. 2,400; Stock Rs. 5,125.
Liabilities : Sundry creditors Rs. 950; Bills payable Rs. 240.
Ascertain the profit or loss made by Mr. Charles during the year
2000.
JØøÓ¨ £vÄ •øÓ°À \õº»ì GߣÁº HkPøÍ £μõ©›UQÓõº.
1.1.2000 AßÖ ¹. 10,000 ‰»uÚzxhß Â¯õ£õμzøu
öuõh[QÚõº. 31.12.2000 AßÖ AÁ›ß {ø»ø© RÌÁ¸©õÖ :
ö\õzxUPÒ :
øP°¸¨¦ öμõUP® ¹. 250, Á[Q C¸¨¦ öμõUP® ¹. 4,800, £Ø£»
PhÚõÎPÒ ¹. 2,400, \μUQ¸¨¦ ¹. 5, 125
ö£õÖ¨¦PÒ :
£Ø£» PhÜ¢÷uõºPÒ ¹. 950, ö\¾zxuØS›¯ ©õØÖa^mk ¹. 240,
|h¨£õsiÀ 2000&À \õº»ì ö£ÓUTi¯ C»õ£® AÀ»x |mh®
PnUQkP.

14. From the following particulars, you are required to calculate the
average due date.
Due Date Amount
Rs.
18.5.2016 1,100
24.6.2016 625
30.7.2016 1,800
18.8.2016 1,750
20.10.2016 1,000
24.11.2016 500

2 U/ID 22215/UCZ1A/UCW1A/
UCY1A/UCV1B
 R÷Ç öPõkUP¨£mkÒÍ uPÁÀPμ¸¢x \μõ\› uÁøn |õÒ
PnUQkP.
uÁøn |õÒ öuõøP
¹.
18.5.2016 1,100
24.6.2016 625
30.7.2016 1,800
18.8.2016 1,750
20.10.2016 1,000
24.11.2016 500

15. On 1.1.2018 the amount due from B to A was Rs. 1,000. During
six months ended June, that transaction were as follows.
2018
February 10 Sold goods to B Rs. 2,000
March 15 Purchased goods from B 600
April 20 Cash received from B 800
May 15 Cash paid to B Rs. 600

Prepare an account current to be rendered by A to B on

30.6.2018, calculating interest @ 12% p.a.

2018 áÚÁ› 1 AßÖ A-&US B-°hª¸¢x Áμ÷Ási¯ öuõøP

¹. 1,000. áüß •i¯ EÒÍ BÖ©õuzvÀ RÌUPsh
|hÁiUøPPÎÀ Dk£mkÒÍõº.

¤¨μÁ› 10 B-US \μUS ÂØÓx ¹. 2,000.

©õºa 15 B-°hª¸¢x \μUS Áõ[Q¯x ¹. 600

H¨μÀ 20 B-°hª¸¢x ö£ØÓ öuõøP ¹. 800

÷© 15 B-US ö\¾zv¯ öuõøP ¹. 600

BsiØS 12% Ámiø¯U PnUQkP. A-&BÀ B-US 2018 áüß 30

AßÖ öPõkUP¨£h ÷Ási¯ |h¨¦ PnUS u¯õ›UPÄ®.

3 U/ID 22215/UCZ1A/UCW1A/
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16. How would the following items appear in the Income and
Expenditure a/c of a Sports Club?
Opening stock of sports material 12,000; Opening creditors for
sports material Rs. 5,000; Payment of sports material during
current year Rs. 42,000; Sale of old sports material Rs. 1,000;
Closing stock of sports material Rs. 15,000; Closing creditors for
sports material Rs. 6,000.
R÷Ç öPõkUP¨£mhøÁPÒ J¸ ì÷£õmì Qͨ¤ß Á¸Áõ´
ö\»ÂÚU PnUQÀ GÆÁÍÄ ÷uõßÖ®? Âøͯõmk¨ ö£õ¸ÒPÎß
B쮣 C¸¨¦ ¹. 12,000 Âøͯõmk¨ ö£õ¸ÒPÐUPõÚ B쮣
PhÚõͺPÒ ¹. 5,000 |h¨¦ BsiÀ Âøͯõmk¨ ö£õ¸mPÐUPõP
ö\¾zv¯x ¹. 42,000 £øǯ Âøͯõmk¨ ö£õ¸ÒPÒ ÂØÓx
¹. 1,000. Âøͯõmk¨ ö£õ¸ÒPÎß CÖv C¸¨¦ ¹. 15,000.
Âøͯõmk¨ ö£õ¸mPÐUPõÚ CÖv PhÚõͺPÒ ¹. 6,000.
17. The balance in the machinery a/c stood at Rs. 40,500 after
providing depreciation using written down value method at 10%
for two years on 31.3.2005. On this date it was decided to
change the method of original cost from the date of purchase at
10% p.a. Prepare machinery a/c from 2003–2004 to 2005–2006.
10% SøÓ¢x ö\À C¸¨¤ß ÷£›À ÷u´©õÚzvØS ÁøP ö\´u
¤ÓS, Cμshõ® Bsiß CÖv°À 31.3.2005 J¸ G¢vμU PnUQÀ
¹. 40,500 C¸¨¦ C¸¢ux. C¢u |õÎÀ ÷u´©õÚzvØS ÁøP
ö\´²® •øÓø¯ J›âÚÀ Âø»°À Áõ[Q¯ |õμ¸¢x
10% ©õØÓ •iÄ ö\´¯¨£mhx. G¢vμU PnUøP 2003&2004&¼¸¢x
2005&2006 Áøμ u¯õ›UPÄ®.
18. A fire occurred on September 30, 1986 in the godown of
Mr. Anand. From the following figures ascertain the claim to be
lodged.
Stock on 1.1.1986 – Rs. 17,000; Purchase from 1.1.86 to date of
fire Rs. 1,70,000; Wages Rs. 17,000.
Sales from 1.1.86 to date of fire Rs. 2,00,000. The rate of gross
profit is 25% on cost. The salvaged stock was valued at Rs. 4,000.
v¸. BÚ¢z GߣÁ›ß £shP Põ¨£PzvÀ 30 ö\¨h®£º 1986&®
|õÍßÖ J¸ w £zx ÷|º¢ux. RÌUPsh £μ[Pμ¸¢x AÁº
Põ¨¥k PÇPzvhª¸¢x GÆÁÍÄ ÷Põμ÷Ásk® GÚ PshÔ.
\μUQ¸¨¦ 1.1.1986 ¹. 17,000, öPõÒ•uÀ 1.1.1986 •uÀ w £zx
|h¢u |õÒ Áøμ ¹. 1,70,000, T¼ ¹. 17,000.
ÂØ£øÚ 1.1.1986 w £zx HØ£mh |õÒ Áøμ ¹. 2,00,000.
ö©õzu C»õ£ ÂQu® AhUPa ö\»ÂÀ 25%. £zv¼¸¢x
«mP¨£mh \μUSPÎß ©v¨¦ ¹. 4,000.
4 U/ID 22215/UCZ1A/UCW1A/
UCY1A/UCV1B
19. Raman sends goods on sale or ‘return’ basis to the customers
Bharathan, Guhan, Lavan, Saraswathi and Lakshmanan for
Rs. 1,000; Rs. 800; Rs. 1,100; Rs. 700; Rs. 600 respectively.
Goods are returnable within a period of 3 weeks. Lavan returned
the goods. Bharathan and Lakshmi accepted them for others the
period of 3 weeks has not yet expired.
Enter the transaction in the sale or return day book and the
connected ledgers.
Cμõ©ß GߣÁº AÁμx ÁõiUøPÍõ¯ºPõÚ £μuß, SPß, »Áß,
\μìÁv ©ØÖ® ö»m_©nß BQ÷¯õ¸US ÂØ£øÚ AÀ»x v¸®¦
GßÓ Ai¨£øh°À •øÓ÷¯ ¹. 1,000, ¹. 800, ¹. 1,100, ¹. 700
©ØÖ® ¹. 600 GßÓ AÍÂÀ \μUS Aݨ¦QÓõº. ö£õ¸mPøÍ
v¸®£ Aݨ£UTi¯ Põ»UöPk ‰ßÖ Áõμ[PÍõS®. »Áß
ö£õ¸øÍ v¸®£ Aݨ¤Âmhõº. £μuÝ®, »m_ª²® \μUøP HØÖU
öPõskÂmhõºPÒ. ©ØÓÁºPÐUS SÔ¨¤mh ‰ßÖ Áõμ Põ»©õP
öPk•i¯ÂÀø».
÷©ØPsh |hÁiUøPPøÍ ÂØ£øÚ AÀ»x v¸¨¦ |õÒ ¦zuP®
©ØÖ® Cx öuõhº£õÚ ÷£÷μkPÎÀ SÔ¨ö£ÊxP.

SECTION C — (3 × 10 = 30 marks)

Answer any THREE questions.

20. The following are the balances extracted from the books of
Mr. Swamy as on 31.3.2017. Prepare Trading, Profit and Loss a/c
and the Balance Sheet as on that date.
Debit Balances Rs. Credit Balances Rs.
Opening stock 20,000 Capital 1,00,000
Machinery 40,000 Purchase return 1,000
Purchases 70,000 Sales 90,000
Sales return 1,000 Creditors 29,000
Wages 2,000
Salaries 5,000
Office rent 2,000
Insurance 1,000
Debtors 50,000
Cash 1,000
Bank balance 28,000
2,20,000 2,20,000
5 U/ID 22215/UCZ1A/UCW1A/
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Adjustments :

(a) 31.3.2017 closing stock Rs. 20,000.

(b) Outstanding salaries Rs. 1,000.

(c) Prepaid insurance Rs. 500.

(d) Bad debts Rs. 1,000.

(e) Provide 10% depreciation on machinery.

¤ßÁ¸£øÁ v¸. _Áõª GߣÁ›ß HkPμ¸¢x GkUP¨£mh

31.3.2017&® |õÍßøÓ¯ C¸¨¦PÍõS®. CÁØÔ¼¸¢x 2017 ©õºa
31&À •iÄÖ® BskUS›¯ C¸¨¦{ø»U SÔ¨ø£²® u¯õº
ö\´P.
£ØÖ C¸¨¦PÒ ¹. ÁμÄ C¸¨¦PÒ ¹.
öuõhUP \μUQ¸¨¦ 20,000 •uÀ 1,00,000
C¯¢vμ® 40,000 öPõÒ•uÀ v¸¨£® 1,000
öPõÒ•uÀPÒ 70,000 ÂØ£øÚ 90,000
ÂØ£øÚ v¸¨£® 1,000 PhÜ¢÷uõºPÒ 29,000
T¼ 2,000
\®£Í® 5,000
A¾Á»P ÁõhøP 2,000
Põ¨¥k 1,000
PhÚõÎPÒ 50,000
öμõUP® 1,000
Á[Q C¸¨¦ 28,000
2,20,000 2,20,000
\›UPmkuÀPÒ :
(A) 31.3.2017&À CÖva \μUQ¸¨¦ ¹. 20,000
(B) öPõk£h ÷Ási¯ \®£Í® ¹. 1,000
(C) •ßTmi Põ¨¥k ¹. 500
(D) ÁμõUPhß ¹. 1,000
(E) C¯¢vμzvß «uõÚ ÷u´©õÚ® 10% ö\¾zxP.
6 U/ID 22215/UCZ1A/UCW1A/
UCY1A/UCV1B
21. Given below is the receipts and payments account of Madurai
Tamil Club for the year ending 31.12.1991.
Receipts Rs. Payments Rs.
Balance b/d 1,025 Salaries 600
Subscriptions : Expenses 75
1990 40 Drama expenses 450
1991 2,050 Newspapers 150
1992 60 Municipal taxes 40
Donations 540 Charity 450
Sale of Drama Ticket 950 Investments 2,000
Sale of Waste Papers 45 Electric charges 145
Balance c/d 800
4,710 4,710
Additional Information :
(a) There are 500 member each paying an annual
subscriptions of Rs. 5. Rs. 50 being an arrear for the year
1990.
(b) Municipal taxes amounting Rs. 40 p.a. have been paid upto
31st March 1992 and Rs. 50 for salaries outstanding.
(c) Buildings stand in the books at Rs. 5,000.
(d) 6% interest has accrued on investment for 5 months.
From the above particulars, prepare an Income and
Expenditure account for the year ended 31.12.1991 and the
balance sheet as on that date.
©xøμ uªÌ ©ßÓzvß 31.12.1991 AßÖ •iÁøh²® BskUPõÚ
ö\¾zxuÀ ö£ÖuÀ PnUS Á¸©õÖ :
ö£ÖuÀPÒ ¹. ö\¾zxuÀPÒ ¹.
B쮣 öμõUP® 1,025 \®£Í® 600
\¢uõ : ö\»ÄPÒ 75
1990 40 |õhPa ö\»ÄPÒ 450
1991 2,050 ö\´vz uõÒPÒ 150
1992 60 |Pμõm] Á› 40
|ßöPõøhPÒ 540 uº©® 450
|õhPa ^mkPÒ ÂØ£øÚ 950 •u½kPÒ 2,000
£øǯuõÒ ÂØ£øÚ 45 ªß Pmhn® 145
C¸¨¦ Gkzxa ö\À 800
4,710 4,710

7 U/ID 22215/UCZ1A/UCW1A/
UCY1A/UCV1B
 TkuÀ uPÁÀPÒ :
(A) ©ßÓzvÀ 500 EÖ¨¤ÚºPÒ JÆöÁõ¸Á¸® ¹. 500 Ãu® \¢uõ
ö\¾zxQßÓÚº. 1990 B쮣zvÀ Áμ÷Ási¯ {¾øÁa \¢uõ
¹. 50
(B) |Pμõm] Pmhn® BskUS ¹. 40 Ãu® 31.3.1992 Áøμ
ö\¾zu¨£mhx. öPõk£h ÷Ási¯ \®£Í® ¹. 50
(C) HmiÀ Pmihzvß ©v¨¦ ¹. 5,000
(D) •u½miß «x 6% Ámi I¢x ©õu[PÐUS Áμ ÷Ási²ÒÍx
÷©÷» SÔ¨¤mh £μ[PøÍU öPõsk 31.12.1991&À •i²®
BsiØPõÚ ÁμÄ ö\»Ä PnUøP²® C¸¨¦{ø» SÔ¨ø£²®
u¯õº ö\´P.

22. Sundar maintain his accounts under single entry system from
the following details. Prepare a profit and loss a/c and a balance
sheet for the year ended 31.12.1989.
Receipts Rs. Payments Rs.
Sundry debtor 17,625 New plant 625
Cash sales 4,125 Drawing 1,500
Paid in by proprietor 2,500 Wages 6,725
Salaries 1,125
Interest 75
Telephone 125
Rent 1,200
Light and Power 475
Sundry expenses 2,125
Sundry creditors 7,625
24,250 21,600

Assets and Liabilities :

1988 1989
Rs. Rs.
Creditors 2,525 2,400
Debtors 3,750 6,125
Bank 625 —
Stock 6,250 3,125
Plant 7,500 7,315

8 U/ID 22215/UCZ1A/UCW1A/
UCY1A/UCV1B
 _¢uº JØøÓ¨ £vÄ •øÓ°À uÚx PnUSPøÍ øÁzv¸UQÓõº.
¤ßÁ¸® £μ[Pμ¸¢x C»õ£ |mhU P/S 31.12.89 •i²®
BsiØS® A÷u ÷uv°À C¸¨¦ {ø»U SÔ¨ø£²® u¯õº ö\´P.
ÁμÂÚ® ¹. ö\»ÂÚ® ¹.
PhÚõÎPÒ 17,625 ¦v¯ C¯¢vμ® 625
öμõUP ÂØ£øÚ 4,125 Gk¨¦ 1,500
E›ø©¯õͺ ö\»zv¯x 2,500 T¼ 6,725
\®£Í® 1,125
Ámi 75
öuõø»÷£] 125
ÁõhøP 1,200
ªßö\»Ä 475
Cuμ ö\»Ä 2,125
£Ø£» PhÜ¢÷uõº 7,625
24,250 21,600

ö\õzxUPÒ ©ØÖ® ö£õÖ¨¦PÒ :

1988 1989
¹. ¹.
PhÜ¢÷uõº 2,525 2,400

PhÚõÎPÒ 3,750 6,125

Á[Q 625 —

C¸¨¦ 6,250 3,125

C¯¢vμ® 7,500 7,315

23. On 1.1.1990 a firm purchased five machines at Rs. 10,000 each.

On 1st July 1992 if brought two additional machines at the price
of Rs. 10,000 each. Installation charges Rs. 1,000. The accounts
are closed each year on 31st December. Depreciation is provided
at 10% p.a. Show the machinery account for 5 years under
Reducing balance method.

9 U/ID 22215/UCZ1A/UCW1A/
UCY1A/UCV1B
 1.1.1990-® Bsk {Ö©® 5 C¯¢vμ[PøÍ ¹. 10,000 Ãu®
öPõÒ•uÀ ö\´ux. 1.7.1992 AßÖ «sk® Cμsk TkuÀ
C¯¢vμ[PøÍ ¹. 10,000 Ãu® Áõ[Q¯x. ö£õ¸¢x® ö\»ÁõP
¹. 1,000. JÆöÁõ¸ Á¸h® 31 i\®£º AßÖ PnUSPøÍ •i¨£x
ÁÇUP®. ÷u´©õÚ® Á¸hzvØS 10% SøÓ¢x ö\À ©v¨¦ •øÓ°À
C¯¢vμU PnUøP 5 BskPÐUS u¯õ›UPÄ®.

24. Explain the different methods of calculating interest in account

current.
|øh•øÓU PnUQÀ Ámi PnUQk® £À÷ÁÖ •øÓPøÍ ÂÁ›.

————————

10 U/ID 22215/UCZ1A/UCW1A/
UCY1A/UCV1B
DECEMBER 2022 U/ID 22215/UCZ1A/
UCW1A/ UCY1A/ UCV1B

Time : Three hours Maximum : 75 marks

SECTION A — (10 × 2 = 20 marks)

Answer any TEN questions.

1. Mention are the cases of depreciation.

÷u´©õÚzvØPõÚ Põμn[PøÍ SÔ¨¤kP.

2. What do you understand by contingent liabilities?

uØPõ¼P ö£õÖ¨¦PÒ SÔzx }º AÔÁx GßÚ?

3. Which concern prepare income and expenditure account?

Á¸Áõ´ ö\»ÂÚU PnUøP u¯õ›US® {ÖÁÚ[PÒ ¯õøÁ?

4. Write short note on deferred revenue expenditure.

}Ò£¯ß Á¸Áõ°Ú ö\»Ä £ØÔ ]Ö SÔ¨¦ u¸P.

5. Mention any two features of sale (or) return.

ÂØ£øÚ AÀ»x v¸¨£zvß Cμsk C¯À¦PÒ SÔ¨¤kP.

6. What is an account current?

|øh•øÓ PnUS GßÓõÀ GßÚ?

7. What is average due data?

\μõ\› uÁøn |õÒ GßÓõÀ GßÚ?

8. Briefly write a straight line method of providing by depreciation.

÷u´©õÚ PnUQh¼À ÷|º÷Põmk •øÓø¯ _¸UP©õP GÊxP.

9. What is the purpose of fire insurance?

w Põ¨¥miß ÷|õUP® ¯õx?

10. What is average clause?

\μõ\› åμzx GßÓõÀ GßÚ?
11. What is single entry system?
JØøÓ £vÄ •øÓ GßÓõÀ GßÚ?

12. What is net worth method?

{Pμ ©v¨¦ •øÓ GßÓõÀ GßÚ?

SECTION B — (5 × 5 = 25 marks)

Answer any FIVE questions.

13. Prepare Trading account of a trader for the year ending 31st
December 2016 from the following data :
Rs.
Opening stock (1.1.2016) 50,000
Goods purchased during 2016 2,80,000
Freight and packing on the above 20,000
Closing stock (31.12.2016 ) 60,000
Sales 3,80,000
Packing expenses on sales for distribution 12,000.
¤ßÁ¸® uPÁÀPμ¸¢x 31 i\®£º 2016 BskUS›¯
¯õ£õ›°ß ¯õ£õμ PnUøP u¯õº ö\´P.
¹.
B쮣 \μUQ¸¨¦ (1.1.2016) 50,000

2016 À ö£õ¸Ò öPõÒ•uÀ ö\´ux 2,80,000

÷©ØS›¯ öPõÒ•u¼À \μUS Pmhn® 20,000

CÖv \μUQ¸¨¦ (31.12.2016 ) 60,000

ÂØ£øÚ 3,80,000

ÂØ£øÚ ¤›ÄPÒ Pmk©õÚ ö\»ÄPÒ 12,000.

14. Distinguish between receipt and payment account and income

and expenditure account.
ö£ÖuÀ ö\¾zxuÀ PnUS ©ØÖ® Á¸Áõ´ ö\»ÂÚ PnUS
÷ÁÖ£kzxP.

2 U/ID 22215/UCZ1A/
UCW1A/ UCY1A/ UCV1B
15. X purchased goods on credit. His due dates for payments were as
order.

Date of Bill Amount of Bill Due Date

Rs.

5.3.2015 300 8.4.2015

15.4.2015 200 18.5. 2015

10.4. 2015 275 13.6. 2015

5.6. 2015 400 8.7. 2015

Findout average due date.

X Phß öPõÒ•uÀ ö\´ux. Auß ö\¾zu ÷Ási¯ uÁøn |õÒ

÷uv ¤ßÁ¸©õÖ.
μ^x ÷uv μ^x öuõøP uÁøn |õÒ
¹.

5.3.2015 300 8.4.2015

15.4.2015 200 18.5. 2015

10.4. 2015 275 13.6. 2015

5.6. 2015 400 8.7. 2015

\μõ\› uÁøn |õøÍ PnUQkP.

16. Explain the different methods of computing interest in account

current.

|h¨¦ PnUQß Ámiø¯ PnUQk® £À÷ÁÖ •øÓPøÍ

ÂÍUSP.

17. What are the limitations of single entry system?

JØøÓ¨£vÄ •øÓ°ß Á쮦PÒ ¯õx?

3 U/ID 22215/UCZ1A/
UCW1A/ UCY1A/ UCV1B
18. Vishnu maintains books on single entry system. He gives you
the following information :

Capital on March 31, 1998 Rs.11,400

Capital on March 31, 1999 Rs.12,675.

Drawings made during the period

April 1998 to March 1999 – Rs.3,600

Capital introduced on October 31,1998 – Rs.1,500

You are required to calculate the profit made by Vishnu.

Âèq ußÝøh¯ HkPøÍ JØøÓ¨ £vÄ •øÓ°ß RÌ
£μõ©›zx Á¢uõº. AÁº RÌUPsh £μ[PøÍ u¢xÒÍõº.
©õºa 31, 1998 AßÖ •uÀ ¹.11,400
©õºa 31, 1999 AßÖ •uÀ ¹.12,675.
|h¨¦ BsiÀ ö\´u Gk¨¦ :
H¨μÀ 1998 •uÀ ©õºa 1999 Áøμ ¹.3,600
AU÷hõ£º 31, 1998 AßÖ AÔ•P¨£kzu¨£mh •uÀ ¹.1,500
ÂèqÄUS Qøhzu C»õ£zvøÚ }º PnUQmkz u¸P.

19. Calculate insurance claim from the following facts assuming

that the insurers met their liability under the policy on ‘average
basis’.

A trader’s stock valued at Rs.40,000 was totally destroyed. The

stock in the godown was insured for Rs.30,000 subject to average
basis clause. The balance of stock left after fire, appeared in the
books at Rs.24,000.

Põ¨¥mk {ÖÁÚ® ‘‘\õ\› Ai¨£øh°À’’ Põ¨¥mk¨ £õ¼]UPõÚ

ö£õÖ¨¤øÚ HØÖU öPõÒQÓx GÚUöPõsk RÌPõq®
£μ[Pμ¸¢x Põ¨¥mkU ÷Põ›UøPU PnUQkP.
J¸ ¯õ£õ›PÎß ¹. 40,000 ©v¨¦ÒÍ \μUS •ÊÁx©õP
|õ\©õQÂmhx. Qh[Q¼¸¢u \μUQØS ¹. 30,000 ©v¨¤mk
\μõ\› åμzvß Ai¨£øh°À Põ¨¥mk ö\´¯¨£mkÒÍx. w
£zvØS¨ ¤ÓS C¸¢u \μUQß ©v¨¦ ¹. 24,000 GÚ HkPÎÀ
EÒÍx.

4 U/ID 22215/UCZ1A/
UCW1A/ UCY1A/ UCV1B
 SECTION C — (3 × 10 = 30 marks)

Answer any THREE questions.

20. Below is the Trial Balance of Arumugam as at December 31,

2004.
Debit Balance Rs. Credit Balance Rs.
Arumugam’s current A/c 1,500 Capital A/c 50,000
Adjusted purchases 6,99,200 Loan from K @ 9%
Salaries 4,200 (Taken on 1.1.04) 20,000
Carriage on purchase 400 Sales 7,20,000
Carriage on sales 500 Discount 500
Lighting 300 Sundry creditors 20,000
Rates and Insurance 400
Buildings 27,000
Furniture 6,000
Sundry Debtors 8,000
Cash in Hand 250
Cash at Bank 1,500
Stock (31.12.04) 61,250
8,10,500 8,10,500

Prepare Trading and Profit and Loss A/c for the year ended
December 31, 2004 and the Balance Sheet as at that date after
taking into consideration the following :
(a) Rates have been prepaid to the extend of Rs. 175.
(b) Bad Debts totalling Rs. 500 have to be written off.
(c) A provision for doubtfull Debts @ 5% on debtors is
necessary.
(d) Building have to be depreciated at 2% and Furniture
at 10%.
(e) The Manager is entitled to a commission of 5% of Net
Profit before charging such commission.

5 U/ID 22215/UCZ1A/
UCW1A/ UCY1A/ UCV1B
 2004&® Á¸h® i\®£º 31&US›¯ BÖ•P® GߣÁ›ß C¸¨£õ´Ä
¤ßÁ¸©õÖ :
£ØÖ ¹. ÁμÄ ¹.
BÖ•P® |h¨¦ PnUS 1,500 •uÀ PnUS 50,000
öPõÒ•uÀ (\›PmhÀ) 6,99,200 K&°h® ö£ØÓ Phß 9%
\®£Í® 4,200 Ámi (1.1. 04 Phß 20,000
ö£ØÓx)
öPõÒ•uÀ EÒyUS 400 ÂØ£øÚ 7,20,000
T¼
ÂØ£øÚ öÁÎyUS 500 Ámh® 500
T¼
öÁÎa\® (ªß\õμ®) 300 £Ø£» PhÜ¢÷uõº 20,000
Põ¨¥k ©ØÖ® Á›Ãu® 400
Pmih® 27,000
AøÓP»ß 6,000
£Ø£» PhÚõÎPÒ 8,000
øP°¸¨¦ öμõUP® 250
Á[Q öμõUP® 1,500
\μUQ¸¨¦ (31.12.04) 61,250
8,10,500 8,10,500

¤ßÁ¸® uPÁÀPøÍ P¸zvÀ öPõsk 2004&® Á¸h® i\®£º

31&® ÷uv¯ßÖ •iÁøh²® ¯õ£õμ® ©ØÖ® C»õ£ |mh
PnUS® ©ØÖ® A÷u ÷uv°À C¸¨¦{ø»U SÔ¨¦® u¯õº
ö\´P.
(A) •ßTmi ö\¾zv¯ Á›Ãu® ¹. 175.
(B) ¹. 500&US ÁμõUPhß ÷£õUS GÊxP.
(C) PhÚõΰÀ 5% I¯UPhß Põ¨¦ JxUSP.
(D) Pmih® ÷u´©õÚ® 2%, AøÓP»ß ÷u´©õÚ® 10% JxUSP.
(E) Pªåß ÁÇ[SÁuØS •ßÚõÀ EÒÍ {Pμ C»õ£zvÀ 5%
÷©»õͺ Pªåß Fv¯©õP ö£ÖQÓõº.

6 U/ID 22215/UCZ1A/
UCW1A/ UCY1A/ UCV1B
21. A Golf Club has kept its accounts on cash basis and the figures
for 1997 are given below, you are required to prepare Receipts
and Payments Account for the year.
Rs.

Entrance fees received 2,500

Subscription received 19,800

Green fees received 600

Expenses paid 27,250

Surplus on Bar A/c 7,500

Secretary’s Honorarium 1,500

Cash in Hand (1.1.97) 2,350

Locker rent received 500

Cost of Investment bought during the year 1,100

÷PõÀ¨ Qͨ uÚx PnUS HkPøÍ öμõUP Ai¨£øh°À

£μõ©›UQßÓx. ¤ßÁ¸® 1997&® Á¸hzvØS |hÁiUøPø¯
øÁzx ö£ÖuÀ ö\¾zxuÀ PnUS u¯õº ö\´P.
¹.
~øÇÄU Pmhn® ö£ØÓx 2,500
\¢uõ ö£ØÓx 19,800
£aø\ Pmhn® ö£ØÓx 600
ö\¾zv¯ ö\»Ä 27,250
£õº PnUQß E£› 7,500
ö\¯»›ß ©v¨¦ Fv¯® 1,500
1.1.97 AßÖ øP°¸¨¦ öμõUP® 2,350
£õxPõ¨¦ ö£mhP ÁõhøP ö£Ó¨£mhx 500
öPõÒ•uÀ •uÀ ö\´¯¨£mh •u½mk 1,100
öuõøP

7 U/ID 22215/UCZ1A/
UCW1A/ UCY1A/ UCV1B
22. Ms. Metha Bros sends not goods on approval as follows.

January 10, A - Rs. 300 January 13, A returned Rs. 100 rest

retained

January 12, B - Rs. 200 January 22, B retained all the goods

January 30, C - Rs. 1,500 January 31. No Intimation.

Show how these transactions will appear when books are kept on

double entry system.

Give journal entries and ledger accounts.

v¸©v ÷©zuõ ¤μuºì AÝ©vUPõP Aݨ¤¯ ö£õ¸Ò

¤ßÁ¸©õÖ.

áÚÁ› 10 & A & ¹. 300 áÚÁ› 13, ‘A’ v¸¨¤ Aݨ¤¯x.

¹. 100 «u EÒÍøÁ uUPøÁUP¨£mkÒÍÚ.

áÚÁ› 12 & B & ¹. 200 áÚÁ› 22, ‘B’ AøÚzx ö£õ¸ÒPøÍ

uUPøÁzxU öPõskÒÍõº.

áÚÁ› 30 & C & ¹. 1.500 áÚÁ› 31 G¢u uPÁ¾®

öu›ÂUP£hÂÀø».

÷©ØSÔ¨¤mh |hÁiUøPPÒ GÆÁõÖ Cμmøh £vÄ •øÓ°À

£v¯¨£kQÓx.

SÔ¨÷£mk £vÄPÒ ©ØÖ® ÷£÷μmk PnUSPøÍ u¯õº ö\´P.

23. What are the merits and demerits of written down value method

of depreciation?

SøÓ¢uö\À ©v¨¦ •øÓ ÷u´©õÚzvß |ßø© ©ØÖ® wø©PøÍ

ÂÁ›.

8 U/ID 22215/UCZ1A/
UCW1A/ UCY1A/ UCV1B
24. From the following information, Find out credit sales and credit
purchases of Mr. Ramani who keeps his books under single entry
system.

(a) An analysis of cash book for the year reveals the following:
Rs.
Payment to creditors 1,05,550
Receipts from debtors 52,050
Cash sales 65,460
Bills payable 16,000
Bills receivable 15,000

Note: Discount allowed Rs. 550 and discount earned Rs. 350.

(b) Other information

as on 1.1.2004 as on 31.12.2004

Rs. Rs.

Sundry creditors 4,570 25,640

Sundry Debtors 20,000 15,620

Bills Receivable 25,400 30,450

Bills payable 22,470 13,240

¤ßÁ¸® uPÁ¼ß£i μ©o°ß JØøÓ £vÄ •øÓ¨£i Phß

ÂØ£øÚ ©ØÖ® Phß öPõÒ•uÀ Psk¤iUPÄ®
(A) öμõUP Hmiß £S¨£õ´Ä ‰»® ¤ßÁ¸® uPÁÀPÒ
öu›ÂUP¨£mhx
¹.
PhÜ¢÷uõ¸US ö\¾zv¯x 1,05,550
PhÚõÎPÎhª¸¢x ö£ØÓ öμõUP® 52,050
öμõUP ÂØ£øÚ 65,460
ö\¾zuØS›¯ ©õØÖ^mk 16,000
ö£ÖuØSÔ¯ ©õØÖ^mk 15,000

SÔ¨¦ : uÒУi AÎzux ¹.550 ; Ámh® ö£ØÓx ¹.350

9 U/ID 22215/UCZ1A/
UCW1A/ UCY1A/ UCV1B
(B) ¤Ó uPÁÀPÒ :
1.1.2004 31.12.2004
¹. ¹.
£Ø£» PhÜ¢÷uõºPÒ 4,570 25,640
£Ø£» PhÚõÎPÒ 20,000 15,620
ö£ÖuØSÔ¯ ©õØÖ^mk 25,400 30,450
ö\¾zuØS›¯ ©õØÖ^mk 22,470 13,240

—————————

10 U/ID 22215/UCZ1A/
UCW1A/ UCY1A/ UCV1B
DECEMBER 2020 U/ID 22215/UCZ1A/UCW1A/
UCY1A/UCV1B

Time : Three hours Maximum : 75 marks

SECTION A — (10 × 2 = 20 marks)

Answer any TEN questions.

1. What do you mean by Provision?

‘JxUS’ Gߣx £ØÔ E©x P¸zx ¯õx?

2. What is meant by Special Fund?

]Ó¨¦ {v GßÓõÀ GßÚ?

3. What are the objectives of sole or return transactions?

ÂØ£øÚ AÀ»x v¸¨£ |hÁiUøPPÎß ÷|õUP[PÒ ¯õøÁ?

4. Mention the purpose of providing depreciation.

÷u´©õÚ® JxUSÁuß ÷uøÁuøÚ SÔ¨¤kP.

5. How do you ascertain profit in single entry system?

JØøÓ £vÄ •øÓ°À C»õ£zøu }º GÆÁõÖ wº©õÛ¨¥º?

6. What is mean by average due date?

\μõ\› ÷uv GßÓõÀ GßÚ?

7. What are the different kind of fire insurance policies?

wUPõ¨¥mkz vmh[PÎß £À÷ÁÖ ÁøPPÒ ¯õøÁ?

8. Calculate Gross Profit from the following details :

Rs.

Purchases (200 units) 10,000

Carriage on purchase 1,200

Sales (150 units) 10,800

Rent and Advertising 600

 ¤ßÁ¸® £μ[PÒ öPõsk ö©õzu C»õ£® PnUQkP.
¹.
öPõÒ•uÀ (200 A»SPÒ) 10,000
öPõÒ•uÀ «x yUS T¼ 1,200
ÂØ£øÚ (150 A»SPÒ) 10,800
ÁõhøP ©ØÖ® ÂÍ®£μ® 600

9. Compute interest from the following details given below :

Average due date – 12.04.2013, Total Amount due – Rs. 4,200,
Actual date of settlement – 30.06.2013, Rate of Interest – 7% p.a.
R÷Ç AÎUP¨£mh £μ[PÒ öPõsk Ámi°øÚ PnUQkP.
\μõ\› uÁønz ÷uv & 12.04.2013, {¾øÁ°À EÒÍ ö©õzu
öuõøP ¹. 4,200, wºUP÷Ási¯ ÷uv & 30.06.2013, Ámi ÂQu®
& 7% BsiØS.

10. On 31.12.2014, a company found that 100 cases were sold to

Ram & Co. @ Rs. 200 each on sale of return basis and recorded
as actual sales at that price. The sale price is cost plus 25%. Give
the adjustment entries.
ÂØ£øÚ AÀ»x v¸¨£® GßÓ Ai¨£øh°À μõ• & ÷Põ ÂØS
u»õ ¸. 200 Ãu® 100 ö£miPÒ ÂØÓøu J¸ {Ö©®
30.12.2014À Psk¤izux. ÷©¾® CøÁ Esø© ÂØ£øÚ GÚ
£v¯¨£mkÒÍx. ÂØ£øÚ Âø» AhUPzxhß 25% ÷\ºzux
BS®. \›UPmk £vÄPÒ u¸P.

11. Compute Gross Profit Ratio for the purposes of insurance claim
from the following data :
Sales during the previous accounting year Rs. 10,00,000,
Standing charging Rs. 3,60,000, Net profit Rs. 2,20,000,
Standing charges were unsured only to the extend of
Rs. 1,80,000.
¤ßÁ¸® £μ[PÒ öPõsk Põ¨¥mk ÷Põ›UøPUPõP ö©õzu
C»õ£ ÂQu® PnUQkP.
Ph¢u PnUPõsiß ÂØ£øÚ ¹. 10,00,000, {ø»zu Pmhn[PÒ
¹. 3,60,000, {Pμ C»õ£® ¹. 2,20,000, {ø»zu Pmhn[PÒ
¹. 1,80,000 Áøμ ©mk÷© Põ¨¥mk ö\´¯¨£mkÒÍx.

2 U/ID 22215/UCZ1A/UCW1A/
UCY1A/UCV1B
12. Cash sales Rs. 1,70,000, Cost of goods sold Rs. 1,94,000, Gross
profit Rs. 2,58,000. Calculate credit sales.
öμõUP ÂØ£øÚ ¹. 1,70,000, ÂØÓ \μUQß AhUP® ¹. 1,94,000,
ö©õzu C»õ£® ¹. 2,58,000, Phß ÂØ£øÚ PnUQkP.

SECTION B — (5 × 5 = 25 marks)

Answer any FIVE questions.

13. From the following details prepare a profit and loss account :
Rs.
Gross profit 1,92,000
Salaries 10,000
Rent 5,000
Advertising 6,000
Bad debts 1,000
Depreciation 2,000
Provide Manager’s commission at 5% of Net Profit after charging
such commission.
¤ßÁ¸® £μ[PÒ öPõsk C»õ£ |mhU PnUS u¯õ›UP.
¹.
ö©õzu C»õ£® 1,92,000
\®£Í[PÒ 10,000
ÁõhøP 5,000
ÂÍ®£μ® 6,000
ÁμõUPhß 1,000
÷u´©õÚ® 2,000
÷©»õ͸US PÈÄ 5%, CUPÈÂØS ¤ÓPõÚ C»õ£zvÀ JxUSP.

14. From the following details of a club calculate net subscriptions

for the year ending 31st December 2015.
Rs.
Subscriptions received as per receipts and payment a/c 10,000
Subscriptions outstanding on 31.12.14 2,000
Subscriptions outstanding on 31.12.15 4,000
Subscriptions received in advance as on 31.12.14 3,000
Subscriptions received in advance as on 31.12.15 2,000

3 U/ID 22215/UCZ1A/UCW1A/
UCY1A/UCV1B
 J¸ ©ßÓzvß ¤ßÁ¸® £μ[PÒ öPõsk 31 i\®£º 2015
Ehß •iÁøh²® BsiØPõÚ {Pμ \¢uõUPøÍ PnUQkP.
¹.
ö£ÖuÀPÒ ö\¾zxuÀPÒ P/S ¨£i \¢uõUPÒ ö£ØÓøÁ 10,000
31.12.14À {¾øÁ°¾ÒÍ \¢uõUPÒ 2,000
31.12.15À {¾øÁ°¾ÒÍ \¢uõUPÒ 4,000
31.12.14À •ßTmi ö£ØÓ \¢uõUPÒ 3,000
31.12.15À •ßTmi ö£ØÓ \¢uõUPÒ 2,000

15. Mr. D purchased goods on credit. His due dates for payments
were :
Date of Bill Amount of Bill Due date
(Rs.)
5.3.2015 3,000 8.4.2015
15.4.2015 2,000 18.5.2015
10.5.2015 2,750 13.6.2015
5.6.2015 4,000 8.7.2015

Find out average due date.

v¸. ‘i’ PhÛØS \μUSPÒ öPõÒ•uÀ ö\´uõº. CÁμx uÁønz
÷uvPÒ.
©õØÖa ^miß ÷uv ©õØÖa ^miß öuõøP uÁønz ÷uv
¹.
5.3.2015 3,000 8.4.2015
15.4.2015 2,000 18.5.2015
10.5.2015 2,750 13.6.2015
5.6.2015 4,000 8.7.2015
\μõ\› uÁønz ÷uv PõsP.

16. An asset purchased for Rs. 25,000. Depreciation is to be provided

annually according to straight line method. The useful life of the
asset is 10 years and the residual value is Rs. 5,000. Prepare
Asset A/c for first three years.
J¸ ö\õzx ¹. 25,000ØS Áõ[P¨£mhx. ÷|º÷Põmk •øÓ°À
÷u´©õÚ® GÊu¨£h ÷Ásk®. Cuß £¯ß u¸® B²m Põ»®
10 BskPÒ. GÔ©v¨¦ ¹. 5,000. •uÀ ‰ßÓõskPÐUPõÚ
ö\õzxU PnUS u¯õ›UP.

4 U/ID 22215/UCZ1A/UCW1A/
UCY1A/UCV1B
17. Mr. JR keeps his books by single entry. He started business on
1.1.2015, with Rs. 1,00,000. On 31st December 2015 his position
was : Cash Rs. 2,500, Bank Rs. 5,000, Furniture Rs. 12,500,
Plant Rs. 50,000, Debtors Rs. 25,000, Stock Rs. 45,000,
B/R Rs. 5,000, Creditors Rs. 20,000, B/P Rs. 2,500, Outstanding
creditors Rs. 2,500.
Ascertain the profit or loss made by Mr. JR during 2015.
v¸. ÷á Bº. uÚx HkPøÍ JØøÓ £vÄ •øÓ°À øÁzxÒÍõº.
CÁº uß Â¯õ£õμzøu 1.1.2015À ¹. 1,00,000 öPõsk
xÁ[QÚõº. 31 i\®£º 2015 CÁ›ß {ø»ø©.
öμõUP® ¹. 2,500, Á[Q ¹. 5,000, AøÓP»ß ¹. 12,500, ö£õÔ
¹. 50,000, PhÚõÎPÒ ¹. 25,000, \μUS C¸¨¦ ¹. 45,000,
ö£ÖuØS›¯ ©õØÖa^mk ¹. 5,000, PhÜ¢÷uõº ¹. 20,000,
ö\¾zxuØS›¯ ©õØÖa^mk ¹. 2,500 öPõk£h÷Ási¯
PhÜ¢÷uõº ¹. 2,500.
2015À v¸. ÷áB›ß C»õ£® AÀ»x |mh® PõsP.

18. State the methods of preparing Account Current.

|øh•øÓU PnUS u¯õ›US® •øÓPøÍ SÔ¨¤kP.

19. Distinguish between Capital and Revenue items.

‰»uÚ ©ØÖ® Á¸Áõ´ CÚ[Qøh÷¯ ÷ÁÖ£kzxP.

SECTION C — (3 × 10 = 30 marks)

Answer any THREE questions.

20. From the following Trial Balance, prepare Trading, Profit and
Loss A/c for the year ended 31.12.15 and a Balance Sheet as on
that date :
Debit balances Rs. Credit balances Rs.
Purchases 11,870 Capital 8,000
Debtors 7,580 Bad debts recovered 250
Return inwards 450 Creditors 1,250
Bank deposits 2,750 Returns outwards 350
Rent 360 Bank overdraft 1,570
Salaries 850 Sales 14,690
Travelling expenses 300 Bills payable 1,350
Cash 210

5 U/ID 22215/UCZ1A/UCW1A/
UCY1A/UCV1B
 Debit balances Rs. Credit balances Rs.
Stock 2,450
Discount allowed 40
Drawings 600
27,460 27,460

Adjustments :
(a) The closing stock on 31.12.15 was Rs. 4,200
(b) Write off bad debts Rs. 80
(c) Create reserve for bad debt at 5% on debtors
(d) Rent outstanding Rs. 120.
¤ßÁ¸® C¸¨£õ´Ä öPõsk, 31.12.15 Ehß •iÁøh²®
BsiØS ¯õ£õμ C»õ£|mhU PnUS® Az÷uv°À
C¸¨¦{ø»U SÔ¨¦z u¯õ›UP.
£ØÖ C¸¨¦PÒ ¹. ÁμÄ C¸¨¦PÒ ¹.
öPõÒ•uÀ 11,870 •uÀ 8,000
PhÚõÎPÒ 7,580 ÁμõUPhß ö£ØÓx 250
EÒ v¸¨£® 450 PhÚõÎPÒ 1,250
Á[Q øÁ¨¦PÒ 2,750 öÁÎzv¸¨£® 350
ÁõhøP 360 Á[Q ÷©ÀÁøμ¨ £ØÖ 1,570
\®£Í[PÒ 850 ÂØ£øÚ 14,690
£¯na ö\»ÄPÒ 300 ö\¾zxuØS›¯ ©õØÖa^mk 1,350
öμõUP® 210
\μUQ¸¨¦ 2,450
AÎzu uÒУi 40
Gk¨¦PÒ 600
27,460 27,460
\›PmkuÀPÒ :
(A) 31.12.15À CÖva \μUQ¸¨¦ ¹. 4,200
(B) ¹. 80 ÁõμõUPhß ÷£õUöPÊxP.
(C) PhÚõÎPÒ «x 5% Põ¨¦ ÁõμõUPhÛØS HØ£kzxP.
(D) öPõk£h ÷Ási¯ ÁõhøP ¹. 120.

6 U/ID 22215/UCZ1A/UCW1A/
UCY1A/UCV1B
21. The following is the Receipts and Payment A/c of Vani Nursing
Home for the year ended 30.6.2015 :
Receipts Rs. Payments Rs.
To Balance (1.7.14) 2,010 By Salaries of Nurses 656
To Subscriptions 1,115 By Boarding etc. 380
To Fees from Non-members 270 By Rent and Taxes 200
To Municipal grant 1,000 By Cost of vehicle 2,000
To Donations for building fund 1,560 By Expenses of vehicle 840
To Interest 38 By Drugs 670
By Balance C/d (30.6.15) 1,247

5,993 5,993

The home own freehold land Rs. 8,000. A donation of Rs. 100
received for the building fund was wrongly included in the
subscriptions account. A bill for medicines purchased during the
year amounted to Rs. 129 was outstanding. Prepare income and
expenditure a/c for the year and Balance Sheet as at 30.6.2015.
30.6.2015 Ehß •iÁøh²® BsiØPõÚ Áõo |º][ ÷íõªß
ö£ÖuÀPÒ ö\¾zxuÀPÒ PnUS ¤ßÁ¸©õÖ.
ö£ÖuÀPÒ ¹. ö\¾zxuÀPÒ ¹.

C¸¨¦ (1.7.14) 2,010 ö\¼¯º \®£Í[PÒ 656

\¢uõUPÒ 1,115 EnÄPÒ ©ØÖ® Cuμ CÚ[PÒ 380
EÖ¨¤ÚμÀ»õuÁºPÎhª¸¢x Pmhn[PÒ 270 ÁõhøP ©ØÖ® Á›PÒ 200
|Pμõm] ÁÇ[PÀ 1,000 ÁõPÚzvß AhUP® 2,000
Pmih {vUS |ßöPõøh 1,560 ÁõPÚa ö\»ÄPÒ 840
Ámi 38 ©¸¢xPÒ 670
C¸¨¦ R/C (30.6.15) 1,247

5,993 5,993

÷íõªß ÂÀ»[PªÀ»õ {»® ¹. 8,000. |ßöPõøh Pmih

{vUS AÎzux ¹. 100 uÁÖu»õP \¢uõUPÒ PnUQÀ EÒÍx.
©¸¢xPÒ Áõ[Q¯uØPõÚ öuõøP ¹. 129 {¾øÁ°À EÒÍx.
|h¨£õsiØS J¸ Á¸Áõ´ ö\»ÂÚU PnUS® 30.6.2015À
C¸¨¦ {ø»U SÔ¨¦® u¯õ›UP.

7 U/ID 22215/UCZ1A/UCW1A/
UCY1A/UCV1B
22. Mr. K is in account current with Mr. L and the following
transactions have taken place January 1 and April 30.
2015 Rs.
Jan. 1 Received goods from L due end of February 3,067
19 Sold goods to L due end of April 1,269
Feb. 3 Paid cash to L 1,300
12 Received goods from L due end of March 4,985
26 Accepted L’s draft at 2 months 3,500
Mar 21 Received cash from L 1,900
April 5 Received goods from L due end of July 2,763

Prepare account current to be rendered by K to L as at 30th April

charging interest at 6% p.a.
v¸. ‘÷P’, v¸. GÀ Ehß |øh•øÓU PnUQÀ EÒÍõº ÷©¾®
|hÁiUøPPÒ ¤ßÁ¸©õÖ áÚÁ› 1 •uÀ H¨μÀ 30 Áøμ
|øhö£ØÓÚ.
2015 Rs.
áÚ. 1 GÀ¼hª¸¢x ö£ØÓ \μUSPÒ uÁøn ¤¨μÁ› CÖv°À 3,067
19 GÀ¼ØS \μUSPÒ ÂØ£øÚ, uÁøn H¨μÀ CÖv°À 1,269
¤¨. 3 GÀ¼ØS ö\¾zv¯ öμõUP® 1,300
12 GÀ¼hª¸¢x ö£ØÓ \μUSPÒ uÁøn ©õºa CÖv°À 4,985
26 GÀ¼ß Cμsk ©õu ÁøμÄ HØÓx 3,500
©õº. 21 GÀ¼hª¸¢x ö£ØÓ öμõUP® 1,900
H¨μÀ 5 GÀ¼hª¸¢x ö£ØÓ \μUSPÒ uÁøn áúø» CÖv°À 2,763

÷P GߣÁº GÀ¼ØS AÎUSUTi¯ |øh•øÓU PnUøP H¨μÀ

30À 6% Bsk Ámi PnUQ÷»ØÔ u¯õ›UP.

23. Madurai traders have taken out a fire policy of Rs. 8,00,000
covering its stock in trade. A fire occured on 31st March 2015 and
stock was destroyed with exception of that worth Rs. 2,06,800.
The following particulars are available from the books of the
firm.
Stock on 31.12.2014 Rs. 3,00,000
Purchase to the date of fire Rs. 13,00,000
Sales to the date of fire Rs. 9,00,000

8 U/ID 22215/UCZ1A/UCW1A/
UCY1A/UCV1B
 Commission paid to the purchases manager on purchase 2%
Carriage on purchases paid Rs. 8,000
Average gross profit on cost 50%
Calculate the amount of fire claims.
©xøμ i÷μhºì Auß \μUQ¸¨¤ß «x wUPõ¨¥k ¹. 8,00,000ØS
Gkzv¸¢uÚº. 31 ©õºa 2015À w £zx HØ£mk ¹. 2,06,800
©v¨¤»õÚ \μUSPÒ uÂμ «u® AÈ¢uÚ. HkPÎÀ C¸¢x
QøhUP¨ ö£ØÓ Â£μ[PÒ ¤ßÁ¸©õÖ.
31 i\®£º 2014À \μUQ¸¨¦ ¹. 3,00,000
w £zx ÷uv Áøμ°»õÚ öPõÒ•xÀ ¹. 13,00,000
w £zx ÷uv Áøμ°»õÚ ÂØ£øÚ ¹. 9,00,000
öPõÒ•uÀ ÷©»õ͸US AÎzu PÈÄ öPõÒ•uÀ «x 2%
öPõÒ•uÀ «x yUST¼ ö\¾zv¯x ¹. 8,000
\μõ\› ö©õzu C»õ£® AhUPzvß «x 50%
wUPõ¨¥mkU ÷Põ›UøPz öuõøP°øÚ PnUQkP.

24. A trader commenced business with capital of Rs. 20,000 on

1.4.15. On the same day he purchased furniture for Rs. 4,000.
From the following details from the books under single entry
system, prepare Trading, Profit and Loss a/c and Balance Sheet
as on 31.3.16.
Sales (including cash sales Rs. 10,000) Rs. 25,000
Purchases (including cash purchases Rs. 6,000) Rs. 20,000
Drawings Rs. 1,000, Salaries Rs. 2,400, Trade expenses Rs. 800
Bad debts written off Rs. 200. The trader used goods worth
Rs. 600 for private purposes and gave Rs. 1,000 to his son which
are not recoded anywhere. On 31.3.16 his debtors were worth
Rs. 7,000 and creditors were Rs. 4,000 stock on that date was
valued at Rs. 8,000.
1.4.15À J¸ ÁoPº ¹. 20,000 •uÀ öPõsk ¯õ£õμ®
öuõh[QÚõÀ A÷u ÷uv°À ¹. 4,000ØS AøÓP»ß Áõ[QÚõº.
JØøÓ¨ £vÄ •øÓ°À EÒÍ HkPÎÀ C¸¢x ö£Ó¨£mh
¤ßÁ¸® uPÁÀPÒ öPõsk 31.3.16 Ehß •iÁøh²®
BsiØPõÚ Â¯õ£õμ, C»õ£|mhU PnUS ©ØÖ® C¸¨¦ {ø»U
SÔ¨¦® u¯õ›UP.
ÂØ£øÚ (öμõUP ÂØ£øÚ ¹. 10,000 ÷\º¢xÒÍx) ¹. 25,000
öPõÒ•uÀ (öμõUP öPõÒ•uÀ ¹. 6,000 ÷\º¢xÒÍx) ¹. 20,000

9 U/ID 22215/UCZ1A/UCW1A/
UCY1A/UCV1B
Gk¨¦PÒ ¹. 1,000, \®£Í[PÒ ¹. 2,400, ¯õ£õμ ö\»ÄPÒ ¹.
800 ÁõμõUPhß ÷£õUöPÊv¯x ¹. 200. CƯõ£õ› ¹. 600
©v¨¦ÒÍ \μUSPøÍ uß ö\õ¢uz ÷uøÁUS £¯ß£kzvÚõº.
÷©¾® ¹. 1,000 uß ©PÛØS öPõkzxÒÍõº CøÁ Gx® G[S®
£v¯¨£hÂÀø». 31.3.16À CÁ›ß PhÚõÎPÒ ¹. 7,000 ©ØÖ®
PhÜ¢÷uõº ¹. 4,000. Az÷uv°À \μUQ¸¨¦ ¹. 8,000 GÚ
©v¨¤h¨£mhx.

—————————

10 U/ID 22215/UCZ1A/UCW1A/
UCY1A/UCV1B