Accountancy Practice Paper- I PUC

Max Marks=52

These questions are for 6 marks each. 4*6=24 marks

Q1. Pass the following entries in the Journal of Rafiq. 2007 May 01. Rafiq commenced business with cash Rs. 25000 May 02. Deposited into bank Rs. 5000 May 04. Bought machinery for cash Rs. 20000 May 05. Bought goods for cash Rs. 4000 May 07. Bought goods from Sahib Rs. 8200 May 08. Cash sales Rs. 3500 May 10. Sold goods to Muktar Rs.1500 May 17. Received cash from Muktar Rs. 1500 May 21. Paid cash to Sahib Rs. 7200 May 22. Withdrew cash from bank for office use Rs. 1350 May 24. Purchased goods from Yusuf for cash Rs. 800 May 25. Sold goods to Ibrahim for cash Rs. 4000. May 27. Paid advertisement expenses Rs. 650 May 29. Paid salaries to employees Rs. 1600 May 30. Received rent Rs. 600 Q2. Journalise the following transactions and post them to ledger to ledger accounts. 2008 Jan 01. Started business with cash Rs. 50000, furniture Rs. 30000 Jan 03. Purchased goods Rs. 15000 Jan 07. Sold goods Rs. 20000 Jan 09. Cash deposited into bank Rs. 20000 Jan 15. Purchased machinery Rs. 12000 Jan 18. Purchased goods by means of a cheque Rs. 8000 Jan 21. Purchased goods from Amar Rs. 25000 Jan 24. Paid salary Rs. 3000 Jan 27. Sold goods to Samar Rs. 40000 Jan 29. Withdrawn from bank for personal use Rs. 15000 Jan 30. Received rent Rs. 2500 Q3. Enter the following transactions into their proper subsidiary books. 2004 Oct 01. Purchased goods from Arvind Mills for Rs. 4000, less 10% trade discount Oct 10. Purchased goods from Bhaskar Stores for Rs. 5000, less 10% trade discount Oct 15. Returned goods to Arvind Mills Rs. 400 net Oct 20. Sold goods to Chandan Stores for Rs. 6000 at 20% trade discount Oct 25. Dhanraj and Sons purchased goods worth Rs. 1500, less 20% trade discount Oct 27. Goods returned by Dhanraj and Sons Rs. 350 Oct 30. Erappa Bros. sold goods worth Rs. 2500.

Q4. Enter the following transactions in a simple cash book. 2004 Sep 01. Cash received from Prakash Rs. 15000 Sep 07. Paid to Ravi Rs. 2000 Sep 12. Paid interest on loan Rs. 500 Sep 20. Cash purchases Rs. 1900 Sep 22. Withdrawn cash for personal use Rs. 350 Sep 25. Paid for rent Rs. 1000 Sep 28. Received cash from Aloka Rs. 4100

These questions are for 14 marks each. 2*14=28

Q5. Prepare the trial balance on 31st Dec 2007 from the following particulars. Particulars Cash in hand Bank overdraft Sundry debtors Salaries and wages Sundry creditors Capital Drawings Returns inwards Returns outwards Sales Commission Rs. 5000 20000 30000 15000 25000 100000 10000 2000 4000 120000 2000 Particulars Purchases Machinery Freight Discount Furniture Land and buildings Goodwill Bills payable Rent Interest Received Motor car Trade Expenses Rs. 90000 20000 3000 2000 10000 100000 20000 15000 6000 2000 10000 1500

Q6. From the following prepare a three-column cash book. 2007 Jan 01. Cash in hand Rs. 4000, cash at bank Rs. 16000 Jan 02. Paid Satish by cheque Rs. 9500 and discount allowed by him Rs. 100 Jan 04. Bought goods for cash Rs. 800 and for cheque Rs. 3000 Jan 06. Drew cash for office use Rs. 3000 Jan 07. Paid wages in cash Rs. 2500 Jan 08. Paid Umesh Rs. 1200 by cheque Jan 09. Sold goods for cash Rs. 8000 Jan 12. Received a cheque from Babu Rs. 3200 Jan 13. Te above cheque returned dishonoured Jan 20. Paid into bank Rs. 9200 Jan 24. Received a cheque from Antony Rs 4200 and deposited same into bank Jan 27. Paid Henry Rs. 1750 in full settlement of his account for Rs. 1800 Jan 30. Received a cheque from John for Rs. 5850 in full of his account for Rs. 5900