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    November 2022 62501/CZ21A/AY21A/BS21A: 4. That Do You Mean B - 4x'erage Clause Police ?

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    The document appears to be an exam paper containing multiple choice and descriptive questions related to accounting concepts. It includes 10 multiple choice questions in Section A worth 2 marks each, 5 descriptive questions in Section B worth 5 marks each, and 3 long form questions in Section C worth 10 marks each, for a total of 75 marks. The questions cover topics like trading accounts, balance sheets, depreciation methods, and accounting equations.

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    November 2022 62501/CZ21A/AY21A/BS21A: 4. That Do You Mean B - 4x'erage Clause Police ?

    Uploaded by

    Kavitha
    26 views9 pages
    The document appears to be an exam paper containing multiple choice and descriptive questions related to accounting concepts. It includes 10 multiple choice questions in Section A worth 2 marks each, 5 descriptive questions in Section B worth 5 marks each, and 3 long form questions in Section C worth 10 marks each, for a total of 75 marks. The questions cover topics like trading accounts, balance sheets, depreciation methods, and accounting equations.

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    The document appears to be an exam paper containing multiple choice and descriptive questions related to accounting concepts. It includes 10 multiple choice questions in Section A worth 2 marks each, 5 descriptive questions in Section B worth 5 marks each, and 3 long form questions in Section C worth 10 marks each, for a total of 75 marks. The questions cover topics like trading accounts, balance sheets, depreciation methods, and accounting equations.

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    © All Rights Reserved
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    26 views9 pages

    November 2022 62501/CZ21A/AY21A/BS21A: 4. That Do You Mean B - 4x'erage Clause Police ?

    Uploaded by

    Kavitha
    The document appears to be an exam paper containing multiple choice and descriptive questions related to accounting concepts. It includes 10 multiple choice questions in Section A worth 2 marks each, 5 descriptive questions in Section B worth 5 marks each, and 3 long form questions in Section C worth 10 marks each, for a total of 75 marks. The questions cover topics like trading accounts, balance sheets, depreciation methods, and accounting equations.

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    NOVEMBER 2022 62501/CZ21A/AY21A/BS21A

    Time : Three hours lus imurn . 75

    marks SECTION \ — ( 10 ^ 2 - z'0 run rk s)

    .inset er any TEL questions.

    1. State the rue aning of tion-tradin, conce rn.

    2. What are the contents of final accounts !

    .3. Write the me an ing of written mo» n value method


    of depreciation.

    4. that do you mean b -4x'erage clause police ‘?

    5. Mention any two defects of sin gle entry system.

    6. What is single entry system?

    7. What is siispense account?

    8. Give the meaning of BHS.

    9. What is partial repossession?

    10. that isinstalment?


    11. \\"hat is balance shee t?

    receip t an I pay ment accoun I*

    SECT1t0N B — (ñ x ñ = 2ñ marks)
    Answer any FILE questions.

    13 Pepae trading account from the information given below :


    Rs.
    Opening stock 3, 600
    Purchases 18, 260
    \Vages 3,620
    Clos i n, stock 4, 420
    Sales 32, 000
    Carriage on purchases ñ00
    Rent (factory) 400
    Sales returns 700
    Purchase returns 900

    need for preparing a Balance Sheet? Explain.

    2 62501/C Z2IA/AY21A/BS2IA
    From the Bolton.'iny particulars. prep are II acliinery account for
    3 years under sti-a iFla t line metliod.

    Price of the machine Rs. /36,000

    Freight charges Rs. 2, 500

    Installation charge s Rs. 1.500

    1 ife of the machine ii yeare

    Distinguish between fixed instalment *ys tern and reducing


    balance meshod of depreciation.

    Find out the total purchases for the ye ar 1999 on the basis of the
    following particulars

    n›
    Opening creditors 37,000

    Opening bills payable 22,000

    Closing creditors 39,500

    Closing bills payable 18,000

    Cash paid for bills payable during the year 80,000

    Discount received from creditors 1,370

    Ca sh p aid to trade creditem dumug the year 39,950

    Cash purchases made during the year 32,540

    3 6250 UC Z21A/AY2IAIBS2 IA
    :J7,000
    22,000
    !39,500
    18,000

    S0,000
    1, 370
    39, 900
    32,540

    18. On 1. 1. 20()(I G‹ psi I purchased a machinery under Hire


    Purchase sj-s tern . I lie dOi4’rt d› ment was Rs. 1 0.000 and the
    balance is p aj-a tale ‹in three a nnual instalme nts of Rs. 10,000
    cach. Interest is to be charged at 3*i p. a. Calculate the cash
    price.

    6m Lâ 1.1.DOOR» ñ%ezr IiSm# % n6matma g. ¿o.ooo

    19. From the follow inp, find how much is to be show'n in Income and
    Expenditure account, for the year ending 31. 12. 2000 against
    subscript i ‹m.
    Subscriptiran received during the year Rs. 14,340
    Subscription outst. n ding on 1. 1.2000 Rs. 1,200
    Subscription outs.t anding on 31. 12.2000 Rs. 1,500
    Subscription received in advance on 1.1. 2000 Rs. 900
    Subscription received in advance on 31.12. 2000 Rs. 540
    Liayeu+ma@/A 3g, si.1&.2ooo pc%mm@ #a ipLn

    62501/CZ21A/AY21A/BS21A
    SECTION C — (3 x 10 - 30 marks)
    .Answer any THREE questions

    20. From the following Ti ia1 balance of Shri. Rajan prepare Trading
    and P & L account and the Balance sheet.
    Rs. Rs.
    Purchases and Sales 16,000 30,000
    Debtors and Creditors 3,250 2, 100
    Discounts 1.300
    Wages 6,ñ 00
    Capital
    10,65â
    Salaries
    ?,520
    Carriage inw ards
    275
    Or-erdraft
    3, 000
    Carriage outwards
    500
    Insurance
    150
    Rent
    500
    Sundry Expenses
    160
    Cash
    2, Ts0
    Buildings
    4,000
    machinery
    2,000
    Opening stock
    5,8?0
    45,755 45, 755

    Adjustments :
    (a) Rent due Rs. 30
    (b) Insurance prepaid Rs. 20
    (c) Depreciate machinery by 10fio
    (d) Reserve for doubtful debts Rs. 500
    (e) Closing stock Rs. 6,000
    (f) Discount expected from creditors 5%\

    5 62501/CZ21A/AYS1AfBS21A
    1,300
    6,500

    10,655
    2,520

    27ö

    3,000

    500

    150

    500
    160
    2,750
    4,000
    2,000
    3,8ú 0

    45,75ü 45,’i55

    (ğ)
    6
    62501/CZ21A/
    AY21A/BS2IA
    tin lie. -*. TOO l a tire occurre d in the preinises ct a company. From
    the following partieula re, ascertain the autount of claim to be
    lc›d,ed in case of' stock ivhic h »-us insiii’ed.

    Stock on I• 1.20 )I 1,00,000


    Purchases from 1. 1.2001 to the date of fire 1,50,000
    \\ ages 50,000
    it anufact urin g e xpenses
    30,000
    Sales from 1.1.2001 to the date of fire
    2, 40,OOO
    flross profit is -?o’8o on sales
    The stock salt aged Eva s valued at Rs. 19, 500

    From the following de rails of a merchani, calculate the results


    for the year ended 31.12. 2000
    1.1 I.20tJ0 31. 1U.?001
    Rs. Its.
    Cash 200 000
    Bank 1,80(I ?°, 500
    Stock 6.00tl 3, 000
    Accounts receivable 11, 200 1 2, 000
    Fixtures 2,800 2,800
    Machinery 18, 000 1’?, 200
    :\ccounts payable 6.000 4, OOO
    Loan from a friend 4, 000 4, 000

    During this year he introduced Rs. ñ, 00C1 as additional capital


    and has drawn Its. 500 per month. Interest due to friend’s loan
    Rs. 120. Provide dou btful debts at 10* .

    62501/CZ2 1A/AY21A/BS2IA
    1.11.2000 i41. l0. 2001

    *k C* 18000 17200

    23. What are the causes for discrepancy between the balance as per
    the cash book and the pass book?

    24 Mr. .fi purchased a machine from B Limited for Rs. ñ,60, 000;
    payment to be made Rs. 1, 30.000 dew n and three instalments of
    Rs. 1, ii0, 000 each at the end of each yea r. He depreciates the
    asset at 10% per antiii in on written down value method.
    Because of financial diffic ulties. Mr. A after having paid down
    payment and fi rat in.stalment at the end of the first year, could
    not pay second inst‹i1inent and the seller took possession of the
    asset. Prepare ledger accounts in both parties.

    Q. 1,50,OOO % &m Ln mn# §amnemT&cnF& Mi|T #%


    g. 1.so,ooo Sgt %e gfgor. your %&m 8g mtr/%

    8 62501/CZ2lA/AY21A/BS21A

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