FIRST PUC ANNUAL EXAMINATION, MARCH- 2008

[3-00 Hours] ACCOUNTANCY Section A Answer any eight of the following questions.
1. State any two types of transactions 2. What is double entry system of book-keeping? 3. What is meant by Narration? 4. What is Debit Note? 5. What are contra-entries? 6. What is petty cash book? 7. What is BRS? 8. What is Journal Proper? 9. What is a suspense account? 10. State any two accounting concepts.

[Max. Marks: 100]

(2 X 8 = 16)

Section B Answer any three of the following questions. (6 X 3 = 18)

1. Explain the types of accounts with examples. 2. Prepare the personal account of Radha in the books of Krishna from the following information: 2007, Jan 01. Paid cash to Radha Rs. 18000 2007, Jan 07. Received cash from Radha Rs. 10000 2007, Jan 13. Bought goods from Radha Rs. 11500 2007, Jan 20. Sold goods to Radha Rs. 22000 2007, Jan 24. Rent due to Radha Rs. 7000 2007, Jan 29. Returned goods to Radha Rs. 3000 3. From the following transactions prepare an analytical petty cash book and balance it: 1995, April 01. Received cheque toward petty cash Rs. 200 1995, April 04. Paid Telephone bill Rs. 20. 1995, April 07. Paid Taxi hire Rs. 15. 1995, April 10. Paid to Sahana and Co. Rs. 25. 1995, April 14. Paid for refreshment to customers Rs. 18. 1995, April 16. Paid for stationery Rs. 10. 1995, Aril 19. Paid for office files and paper Rs. 15. 1995, April 22. Paid carriage on parcel Rs.12. 1995, April 25. Paid for advertisement Rs. 10. 1995, April 30. Paid for office cleaning Rs. 11.

4. Prepare a Trial balance from the following items: Particulars Amount (Rs.) Capital 100000 Purchases 60000 Sales 120000 Bank loan 20000 Furniture 20000 Building 40000 Plant & Machinery 120000 Debtors 30000 Discount allowed 400 Creditors 30400 5. Rectify the following errors by journal entries: An amount of Rs, 2000 spent on repairs to furniture has been debited to furniture A/c An amount of Rs. 10000 paid to Anand has been debited to Amar. An amount paid towards wages Rs. 3000 has been debited to commission A/c Rs. 25000 paid for purchasing building has been charged to purchases A/c Sale of goods for Rs. 9600 has been recorded as Rs. 6900 Machinery bought for Rs. 15000 was wrongly debited to Motor Van A/c

Section C Answer any four of the following questions. (4 X 14 = 56)

1. Journalise the following transactions in the books of Mr. Ganesh. 2007 March 01. Commenced business with cash Rs. 80000 March 08. Deposited cash into bank Rs 15000 March 10. Bought goods for cash Rs. 18000 March 14. Withdrawn cash from bank Rs. 22000 March 15. Cash sales Rs. 38000 March 17. Salary paid by cheque Rs. 6000 March 19. Received cash from Chandra Rs. 9500 March 20. Paid cash to Pooja Rs. 12000 March 22. Withdrew from office for personal use Rs. 3000 March 25. Rent earned but not received from Girija Rs. 10000 March 27. Loan taken from bank Rs. 25000 March 31. Received damaged goods from Mr. Hari Rs. 4000. 2. Enter the following transactions in proper subsidiary books:

2006 June 01. Bought goods from Ananda Rs. 20000 June 03. Sold goods to Deepak Rs. 32000 June 05. Sent a debit note to Ananda Rs. 3000 June 07. Sent a credit note to Deepak Rs. 2500 June 10. Harsha sold goods to us Rs. 30000 June 12. Ramya bought goods from us Rs. 40000 June 13. Returned goods to Harsha Rs. 2800 June 15. Received damaged goods from Ramya Rs. 2000 June 18. Purchased goods form Ambi Rs. 50000 at a trade discount of 20% June 24. Sold goods to Sumalatha Rs 80000 at TD of 10% June 27. Returned goods to Ambi Rs. 650 June 30. Sumalatha returned goods to us Rs. 3000 3.