DASHAIN HOMEWORK-2074
FACULTY OF MANAGEMENT
GRADE-XI
ACCOUNTS
REHDON COLLEGE – Grade
XI
DASHAIN HOMEWORK-2074
ACCOUNTANCY
Attempt all questions.
1. What is Book
keeping? Write its objectives. 1+2
2. Write the
advantages of Double entry Book keeping system. 3
3. Explain the
meaning of Accounting period Concept with suitable example. 2
4. Write the
importance of subsidiary books. 2
5. Write the rules
of debit and credit.
2
6. Explain briefly
the accounting process. 3
7. Following transactions are given. 6
a) Commenced business with cash Rs.
2500000 and stock of goods Rs.30000.
b. Rent paid Rs. 12000
c. Goods stolen by thieves Rs.5000.
d. Sold goods costing Rs. 6000 at a profit
of Rs. 1000
e. Salaries outstanding Rs.10000
f. Received cash from the debtors Rs.6800
and allowed discount Rs.200 to him.
Required: Accounting Equation.
8. Following
transactions are given to you. 5
a. Commenced business with bank balance
Rs.200000.
b. Purchased goods costing
Rs.60000 making partial payment through cheque
Rs.12000.
c. Goods lost by fire costing
Rs.15000 but the insurance company admitted a claim of 70%.
d.
Cash sales Rs.7500
e.
Withdrawn from bank Rs.40000 for office use.
Required: Journal entries.
9. You are given
the following transactions. 5
April
2 Salary paid amounting Rs. 25000.
April 7 Commission of Rs. 10000 and
outstanding commission of Rs. 5000 paid.
April 15 Rent amounting to Rs. 30000 was
paid to house owner.
April 18 Interest of Rs. 15000 received.
April 22 Received cash of Rs. 950 from Mr
Rajat in full settlement of Rs. 1000.
Required:
Journal entries.
10. From the above
question number 9 extract the following ledger accounts. 2 x 2=4
a)
Cash Account b) Rajat's Account
11. Following
information related to Mrs Sharma the debtor of the business is given to you. 5
Sept 1 Opening balance Rs. 20000.
Sept 4 Received cash Rs.18000 and
discount allowed Rs.2000.
Sept 19 Sold goods costing
Rs.30000.
Sept 22 Returned goods of
Rs.5000.
Sept 30 Received a cheque of Rs.
24000 as full settlement.
Required:
Mrs Sharma's account.
12. Following
transactions relating to purchases are given to you.
Jan
1 Purchased from Hira Stores
96 pieces of copies @ Rs. 720 per dozen
3
dozen register @ Rs. 250 per piece.
(Trade
discount 10%)
Jan 17 Bought from Reena
stationery on cash
10 packets of Carbon paper @Rs. 450 per pkt
Jan
24 Bought from AN Brothers
20 packets of stapler pins @Rs. 30 per packet
6
dozen diaries @ Rs. 200 per piece, trade discount 10%
Required: a) Purchase book b)
Purchase account
3+2=5
13. Following
transactions related to Sales are given to you.
Feb
7 Sold to Mrs Upadhyaya
480 pieces of eggs @Rs. 180 per dozen
50
liters of Sunflower Oil @ Rs . 4000 per litre.
(Trade discount @10%)
Feb
15 Sold Old Computer to Mrs Rai Costing
Rs. 50000.
Feb
24 Sold to Mrs Shakya
100 pieces of Chocolate @ Rs120 per piece
3
quintal rice @ Rs. 60 per kg.
(Trade
discount20%)
Required: i) Sales Book ii) Sales a/c 3+2=5
14. Write the
meaning government accounting and state its three objectives. 4
15
Write any four features of new accounting system of Nepal Government. 4
16. a. Write any there difference between government accounting and
commercial accounting. 3
b.
Mention any there importance of new accounting system. 3
17. The following transactions of A Government
office is given to you. 6
a.
Issued a cheque of Rs. 40000 for the purchase of furniture.
b. A cheque number 0076 of
Rs.30000 was issued for the payment telephone charge.
c. Issued a cheque of Rs.20000 in
favour of storekeeper Mr. Hari as advance for purchasing food materials.
Required:
Journal Voucher
18. The following
tranasctions are provided to you by District irrigation office, Dang
a. Issued a cheque in favour Mr
Bimal as advance of Rs. 80000 for purchased for computer.
b. Mr Bimal submitted the bill of
computer for Rs. 90000 and his advance cleared by issuing cheque for excess
amount of expenditure.
c. TADA advance of Mr Shaym
Rs.5000 has been cleared against the bill of Rs.4000 after receiving bank
voucher for the advance amount.
Required:
Journal Voucher 6
19. Following
transactions are given.
a. Received bank order and budget release
order of Rs. 25, 00,000 for the actual expenditure of last month.
b. Received a bank
order of Rs. 20, 00,000 and budget release order of Rs.25, 00,000 for the
actual expenditure of last month.
C. Received a bank
order of Rs. 3000000 and budget release order of Rs.2500000 for the actual
expenditure of last month.
Required:
Journal Voucher
6
20. Following
particulars are available to you.
a. Total salary of Rs.330000 for the month
was distributed after deducting provident fund of Rs.60000 and income tax of
Rs. 5000
b. A cheque of Rs.
300000 has been issued for distributing of salary after making deduction of
provident fund of Rs. 70000 income tax of Rs.7500 and provident fund loan of
Rs. 7500.
c. Issued a cheque
in favour of Assitant Accountant Mr. Ramesh for the establishment of petty cash
fund of Rs. 2000
Required: Journal Voucher
6
21.
The following particular are available to you.
a.
Received from Kalika Construction of Rs.60000 and JB Construction of Rs.50000
as security deposit on tenders.
b.
Due the rejection of tender submitted by JB Construction, the security deposit
amounts were rejected.
c.
Issued a cheque of Rs. 190000 in favour of building contractor after deducting
5% as contract tax on the value of running bill.
Required: Journal Voucher
6
22.
Following transactions are given.
a. A cheque of Rs. 40000 was issued for house
rent.
b.
Pant has submitted bills and documents for actual expenditure of Rs.4000 and
bank deposited voucher of Rs.1000 deposited into bank to clear his office
supplies purchase advance.
c. Annual Closing was made for the total
budget expenditure amounting to Rs.8,00,000.
Required: Journal Voucher
6
Attempt all
questions.
1. What is
accounting? Write its objectives. 1+2
2. Define double entry system of
book keeping and mention any two features. 1+2
3. Explain the meaning of Going
concern Concept with suitable examples.
2
4. Differentiate between cash
discount and Trade discount
2
5. Write the rules of debit and
credit.
2
6. Explain briefly the Scope of
accounting. 3
7. Following transactions are given. 6
a)
Commenced business with cash Rs. 500000.
b. Bought goods costing Rs.500000 and made
partial payment of Rs. 100000.
c. Sold goods costing Rs.10000 at Rs.
12000.
d. Received commission Rs.3000.
e. Paid cash to the creditor of goods
Rs.39000 and discount received Rs.1000.
f. Withdrawn cash for personal use
Rs.15000.
Required: Accounting Equation.
8. Following transactions are
given to you.
a. Borrowed loan from loan from bank
Rs.200000.
b. Paid insurance premium Rs.40000.
c.
Salaries paid Rs 15000 and still outstanding Rs5000.
d.
Sold goods Rs. 40000 and half of it deposited in the bank.
e.
Purchased machinery costing Rs. 190000.
Required: Journal
entries. 5
9. You are given the following
transactions. 5
Jan 1 Started business with bank balance of
Rs.350000.
Jan 4 Bought goods costing Rs50000 on credit form Mr Kabir.
Jan
12 Sold goods to Ranbir costing Rs. 20000 at trade discount of 10%.
Jan 18 Paid cheque to Kabir Rs. 24000 and
discount received Rs 1000.
Jan 30 Ranbir is declared insolvent and only
20% of it is written off as bad debts.
Required:Journal
entries.
10. From the above question
number 9 extract the following ledger accounts.
a) Kabir's account b) Ranbir's account
2*2=4
11. Following information related
to Mrs Sharma the debtor of the business is given to you.
March
1 Opening balance Rs. 10000.
March
5 Purchased goods costing Rs 20000 on credit from Mr Tamang.
March
10 Cash paid to Mr 1000.
March
15 Returned goods to Mr Tamang Rs.1000.
March
30 Paid cheque to Mr Tamang to settle his account Rs.25000.
Required: Mrs
Tamang's account.
5
12. Following transactions
relating to purchases are given to you. 3+2
May
1 Purchased from DC Suppliers
2 dozen chairs @ Rs. 1500 per
chair.
5 pieces of table @ Rs. 6000 per
piece.
(Trade
discount 20%)
May
13 Bought from Bira Furnishing stores on cash.
3
sets of sofa set@ Rs 20000 per set.
May
18 Bought from NK Furniture.
2
queen sige beds @Rs.50000 per bed, trade discount @5%
5
pieces of tea table @ Rs.3000 per piece.
Required: a) Purchase book b)
Purchase account
13. Following transactions
related to Sales are given to you.
Oct 5 Sold to Jeevan and
Brothers
30
pieces of mobile sets @ Rs.4500 per set.
10 pieces of laptop @ Rs 40000 per piece,
(Trade discount @20%)
Oct 17 Sold to
Neema stores through cheque
5 Cannon cameras @ Rs. 35000 per
camera
Oct 25 Sold to
Jenna Electronics
48 pcs of calculators @ Rs. 18000 per dozen
10 pcs of tablets @ Rs. 8500 per tablet.
(Trade discount15%)
Required: i) Sales
Book ii) Debtor account. 3+2
14.
Write the meaning new accounting system and state its three objectives. 4
15
Write any four features of government accounting system. 4
16. a. Write any there difference
between government accounting and commercial accounting. 3
b. Mention any there objectives of new
accounting system. 3
17. The following transactions of A Government
office is given to you. 6
a.
Issued a cheque of Rs. 60,000 for the purchase of Computer.
b. A cheque of Rs.50000 was issued for the
payment house rent.
c. Issued a cheque of Rs.30000 in
favour of accountant Mr. Ram as advance for purchasing printer.
Required:
Journal Voucher
18. Following
particulars are available to you. 6
a. Total salary of Rs.400000 for
the month was distributed after deducting provident fund of Rs.80000 and income
tax of Rs. 15000
b. A cheque of Rs. 350000 has
been issued for distributing of salary after making deduction of provident fund
of Rs. 70000 income tax of Rs.7500 and provident fund loan of Rs. 7500.
c. Issued a cheque in favour of
Assitant Accountant Mr. Ramesh for the establishment of petty cash fund of Rs.
3000.
Required:
Journal voucher
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