Advanced Of Accountancy-I B.Com Model Question Papers : alagappauniversity.ac.in

Name of the University : Alagappa University
Degree : B.Com
Department : Commerce
Subject Code/Name : Advanced Of Accountancy-I
Semester : I
Document Type : Model Question Papers
Website : alagappauniversity.ac.in

Download Model/Sample Question Paper : NOV.2010 : https://www.pdfquestion.in/uploads/alagappauniversity.ac.in/3939-B.COM.C.A.CBCS.pdf

Alagappa University Advanced Of Accountancy-I

Part – A

1. Define Accounting.
2. What is Ledger –

Related : Alagappa University Basic Financial Accounting B.Com Model Question Papers : www.pdfquestion.in/3917.html

3. What is Suspense Account –
4. What do you mean by Debit balance as per pass book –
5. State any two causes for depreciation.
6. What is Machine Hour Rate –
7. What do you mean by ‘Adjustments’ –
8. What is Deferred Revenue Expenditure –
9. What do you understand by ‘Average Clause’ –
10. What is ‘Salvage’ –

Part – B

(5 × 5 = 25)
Answer all questions, choosing either (a) or (b).
11. (a) Give the rules of Double Entry System of Accounting.
(Or)
(b) Describe the benefits of subsidiary books.

12. (a) From the following information, prepare a Bank Reconciliation Statement as on 31–12–2005.
(i) Balance as per cash book 12,500
(ii) Cheques issued but not presented for payment 900
(iii) Cheques deposited in bank but not collected 1,200
(iv) Bank paid insurance premium 500
(v) Interest on Investment collected by Bank 200

(b) Rectify the following errors discovered after the preparation of Trial Balance :
(i) A Sale of Rs. 60 posted to the credit of customer’s account.
(ii) Sales Book was under cost by Rs. 200.
(iii) Rs. 125 received from X posted to the credit of Y.

13. (a) A firm purchases a 3 years lease for Rs. 1,00,000 on 1.1.2005. It decides to write off depreciation on the Annuity method, the Bank rate of interest in at 5% p.a. The annuity table show that a sum of Rs. 36,721 should be written off every year. Show the lease account for 3 years.
(Or)
(b) A machine was purchase for Rs. 30,000 on 1.1.2002. After 5 years depreciating it by 16% under straight line method, it was sold for Rs. 5,000. Show the machine account for the 5 years period.

14. (a) From the following informations, prepare a Profit and Loss account : Capital a/c 72,000 Salaries 8,000 Interest (or) 1,320 Postage 574 Bad debts 546 Insurance 835 Depreciation 2,435 Advertisement 1,443 Gross profit 33,290 Goodwill 15,000
(Or)
(b) From the following information regarding sports materials, find out the net value to be shown in Income and expenditure account. Opening Balance 4,000 Purchases 16,000 Closing Balance 6,000 Sale of old materials 100

15. (a) A fire occurred in the premises of a merchant on 15-6-2008, a considerable part of the stock was destroyed. The value of stock saved was Rs. 4,500. The books disclosed that on 1.4.2008 the stock was valued at Rs. 36,750.

The purchases to the date of the five amounted to Rs. 1,04, 940 and the sales Rs. 1,56,500. On investigation it was found that during the past five years the average gross profit on sales was 36%. Calculate the claim to be made. (Or)

(b) A trader has his stock insured against fire. Subsequently a five destroyed a part of the stock which was value on the data of the Rs. 60,000. The stock was insured subject to average clause stock salvaged Rs. 12,000. Stock was insured for Rs. 36,000. Calculate the claim.

Part – C

(3 × 10 = 30)
Answer any three questions .
16. Prepare Trial Balance after giving Journal and Ledger from the following transactions

17. Pass Journal entries to rectify the following errors and prepare Suspense a/c :
(i) The total of sales book was under cost by Rs. 2,000.
(ii) The purchase of machinery Rs. 3,000 was entered in the purchases book.
(iii) A sale of Rs. 45 to Selvan was posted in his account as Rs. 54.
(iv) The total of purchase return was over cost by Rs. 2,000.
(v) The total of sales book 1,122 was wrongly posted in the ledger as 1,222.

18. A machinery was purchased on 1.1.2005 for Rs. 40,000. The same year in June another machine was purchased for Rs. 15,000 and Rs. 5,000 were spent on its installation. On 30.6.2007 the second machine was sold for Rs. 15,000 prepare machine a/c upto 31.12.2007 by depreciating it at 10% under Reducing Instalment method.

19. How a Balance Sheet differs from a Trial Balance.
20. On 31-12-2006 the godown of a businessman was destroyed by fire. From the records following information could be gathered. The amount of policy Rs. 1,50,000.