\Enrollment No.

GANPAT UNIVERSITY

B.C.l. SEM-r EXAMINATION (CBCS)

U31A3FAT: FINANCIAL ACCOUNTIONG WITH TALLY

Time: 3 Hoursl l{t:::edial Nov- Dec 2Al7 [Total N{arks: 60

Instructions:

1. Figures to the right indicate fulI marks

2. Each section should be n'ritten in a separate answer book

3. Be precise and to the point in your answer

SECTION-I

1. Answer the following: (Any Six out of Nine). (30)

I. Explain Advantage and disadvantage of accounting.

II. Explain different type of vouchers in Brief.

III. Explain the Profit & Loss Aceount with exarnple.

W. Discuss Subsidiary books in detail.

V. What is Accounting? Explain rules of debit and credit.

VI. Classify tle following account in Personal ,Real and nominal A/c

A) Mahesh's A/c B) LIC PVT LTD A/c C) Interest A/c D) Fumiture A/c

E) Wages A/c

VII. Explain the Cost account and financial account of Accounting in brief.

y[I. Explain DeshiNama and Double Entry system .

IX. Explain the Advantage of Ratio.

SECTION-IT

Q:2 (A) From the following balances prepare the Trial Balance of Ms' Mahesh's as on

3r-03-2017:

Name of the A/c Rs. Name of the A/c Rs.

Creditors 9000Capital A/c 20000

2000

9100

5700

Salaries 700Drawings A/c

Stationary ExP. A/c 350Bank A/c

Purchase i2500Cash A/c

27900ffiture a/c 8000

800

Sales

Wages 650Rent Received A/c

1 8000 Pr.igt t and Octroi 700Debtors

OR

From the following transactions prepare journal entries'

0l

[,

u

[101Q:2 (A)

2017

ance sheet in detail'

OR

[0e]Q:3 (B)

Q:3 (B) From the following Trial Balance Prepare Trading A/c, Profit & Loss A/c

for the vear ending:f-S-2017 and Balanc

from Ms" .l aya Rs.]1,090'

toMs" PinalRs.15,000.

I RffiEoodltoMs. LomalRt-' 5,t'tt'I Paid salary to rekha Rs.10,000.

Lif" irrslrra"c. PGmium of Rs. 5,000'

Paid Rent Rs. 15,000'

Jan-1

Jan -3

Jan -5

Ian -7Jan -9lan-12Jan -15

Jan -20Jan-22 Place an order for of Ks.J,UUU.

n""eirea tnterest of Rs. 1600.Jan-27

Particulars Rs. Particulars Rs.

Ooening stock 17,000 Capital 1,00,000

Purchases 96,100 Creditors 55,600

Wages 7,400 Sales 1,72,000

Carriage inward 5,400 Rent 2,400

Carriage Outward 2,000

Salary 6,000

Buildine 80,000

Fumiture 4,600

Depreciation in furniture 500

Debtors 81.0001

Insurance Premium 1,600

Printing & StationerY 2,500

Sundry Expenses 4,400

Repairs 1,000

Cash on hand 12,500

Drawings 9,000rn nnA

Adjustment:-1 Closing stock is Ri. 7,600.

2 Outstanding Salary Rs.1,2003 Depreciate Buildingby 5%4 Insurance paid in advance was Rs.100.

5 Building rent received in advance was Rs.300.

Q:1 From the follorving information calculate.1) Net Profit Ratio 2) Current Ratio3) Liquid Ratio

t06l

Additional InformationSales

Net Frofit

OR

Explain disadvantagp of Ratio Analysis.

Answer the follon'ing: (Any ONE)

A) Explain advantages of computerized accounting.

B) Discuss the features of Tally Accounting Software.

END OF PAPER

Rs.

50,000

15,000

Q:4

Q:5

[06]

[0s]

Balance Sheet

Particulars Rs. Particulars Rs.

Equity share capital 30,0000 Plant &Machinery 60,000

Reserves 20.200 Stock of goods 13"000

Debentures 28,000 Debtors 3.500

Creditors 2.000 Bills receivable 15.00

Bill Payable 5.000 Cash 7,200

85,200 85,200