Download PTU (I. K. Gujral Punjab Technical University) BHMCT (Bachelor of Hotel Management and Catering Technology) 2nd Semester 2019 May 14518 ACCOUNTS II Question Paper.
Roll No. Total No. of Pages : 03
Total No. of Questions : 09
BHMCT (Sem.?2)
ACCOUNTS ? II
Subject Code : BH-106
M.Code : 14518
Time : 3 Hrs. Max. Marks : 30
INSTRUCTIONS TO CANDIDATES :
1. SECTION-A is COMPULSORY consisting of TEN questions carrying ONE mark
each.
2. SECTION-B contains FIVE questions carrying 2
1
/
2
(Two and Half) marks each
and students have to attempt any FOUR questions.
3. SECTION-C contains THREE questions carrying FIVE marks each and students
have to attempt any TWO questions.
SECTION-A
1. Write short notes on :
a) When does a trading account show a gross loss?
b) What are direct expenses?
c) Who prepares a bank reconciliation statement?
d) What is schedule of sundry debtors?
e) What do you mean by cheques uncashed?
f) Is trial balance indispensable?
g) How will you determine closing stock when purchases, opening stock, sales and rate
of gross profit are given?
h) Which of the following are revenue expenditures for an office equipment dealer?
1. Sales promotion costs
2. Warehouse extension costs
3. Purchase of office equipment for resale
4. Purchase of delivery vehicle for sales department
i) What is the treatment of closing stock in Trial Balance?
j) Name any five accounts which always have debit balance.
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1 | M-14518 (S5)-193
Roll No. Total No. of Pages : 03
Total No. of Questions : 09
BHMCT (Sem.?2)
ACCOUNTS ? II
Subject Code : BH-106
M.Code : 14518
Time : 3 Hrs. Max. Marks : 30
INSTRUCTIONS TO CANDIDATES :
1. SECTION-A is COMPULSORY consisting of TEN questions carrying ONE mark
each.
2. SECTION-B contains FIVE questions carrying 2
1
/
2
(Two and Half) marks each
and students have to attempt any FOUR questions.
3. SECTION-C contains THREE questions carrying FIVE marks each and students
have to attempt any TWO questions.
SECTION-A
1. Write short notes on :
a) When does a trading account show a gross loss?
b) What are direct expenses?
c) Who prepares a bank reconciliation statement?
d) What is schedule of sundry debtors?
e) What do you mean by cheques uncashed?
f) Is trial balance indispensable?
g) How will you determine closing stock when purchases, opening stock, sales and rate
of gross profit are given?
h) Which of the following are revenue expenditures for an office equipment dealer?
1. Sales promotion costs
2. Warehouse extension costs
3. Purchase of office equipment for resale
4. Purchase of delivery vehicle for sales department
i) What is the treatment of closing stock in Trial Balance?
j) Name any five accounts which always have debit balance.
2 | M-14518 (S5)-193
SECTION-B
Q2 Distinguish between Gross Profit and Net Profit.
Q3 What is Capital Profit?
Q4 From the following details, calculate the Gross Profit made by Deepak Kumar in the year
2018 by preparing trading A/c.
Stock of goods on 1.4.2017 Rs 18,675.00
Purchases during the year Rs 49,000.00
Purchase return during the year Rs 6,725.00
Sales return during the year Rs 5,987.00
Carriage inward Rs1,123.00
Sales during the year Rs 97,500.00
Stock of goods on 31.03.2018 Rs5,775.00
Q5 Discuss any three reasons of difference of cash book balance with pass book balance.
Q6 From the following particulars prepare the B/S as at 31.03.2018.
Dr. Cr.
Capital 80,000.00
Drawings 14,400.00
Debtors & Creditors 16,400.00 8,200.00
Cash in hand 360.00
Cash at Bank 7,200.00
Plant 10,000.00
Furniture 3,700.00
Net Profit 2,660.00
General Reserve 5,000.00
Closing Stock 43,800.00
95,860.00 95,860.00
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1 | M-14518 (S5)-193
Roll No. Total No. of Pages : 03
Total No. of Questions : 09
BHMCT (Sem.?2)
ACCOUNTS ? II
Subject Code : BH-106
M.Code : 14518
Time : 3 Hrs. Max. Marks : 30
INSTRUCTIONS TO CANDIDATES :
1. SECTION-A is COMPULSORY consisting of TEN questions carrying ONE mark
each.
2. SECTION-B contains FIVE questions carrying 2
1
/
2
(Two and Half) marks each
and students have to attempt any FOUR questions.
3. SECTION-C contains THREE questions carrying FIVE marks each and students
have to attempt any TWO questions.
SECTION-A
1. Write short notes on :
a) When does a trading account show a gross loss?
b) What are direct expenses?
c) Who prepares a bank reconciliation statement?
d) What is schedule of sundry debtors?
e) What do you mean by cheques uncashed?
f) Is trial balance indispensable?
g) How will you determine closing stock when purchases, opening stock, sales and rate
of gross profit are given?
h) Which of the following are revenue expenditures for an office equipment dealer?
1. Sales promotion costs
2. Warehouse extension costs
3. Purchase of office equipment for resale
4. Purchase of delivery vehicle for sales department
i) What is the treatment of closing stock in Trial Balance?
j) Name any five accounts which always have debit balance.
2 | M-14518 (S5)-193
SECTION-B
Q2 Distinguish between Gross Profit and Net Profit.
Q3 What is Capital Profit?
Q4 From the following details, calculate the Gross Profit made by Deepak Kumar in the year
2018 by preparing trading A/c.
Stock of goods on 1.4.2017 Rs 18,675.00
Purchases during the year Rs 49,000.00
Purchase return during the year Rs 6,725.00
Sales return during the year Rs 5,987.00
Carriage inward Rs1,123.00
Sales during the year Rs 97,500.00
Stock of goods on 31.03.2018 Rs5,775.00
Q5 Discuss any three reasons of difference of cash book balance with pass book balance.
Q6 From the following particulars prepare the B/S as at 31.03.2018.
Dr. Cr.
Capital 80,000.00
Drawings 14,400.00
Debtors & Creditors 16,400.00 8,200.00
Cash in hand 360.00
Cash at Bank 7,200.00
Plant 10,000.00
Furniture 3,700.00
Net Profit 2,660.00
General Reserve 5,000.00
Closing Stock 43,800.00
95,860.00 95,860.00
3 | M-14518 (S5)-193
SECTION-C
Q7 From the following trial balance, prepare a trading and profit and loss A/c and a balance
sheet as on 31st March 2018 :
Rs. Rs.
Debit Balances Discount 800
Plant & Machinery 10,000 Drawings 1,000
Land and building 12,000 Bills receivable 4,000
Furniture 5,000 Bad debts 400
Sundry Debtors 10,000 Credit Balances
Trade Expenses 1,000 Capital 50,000
Depreciation 2,000 Sales 90,000
Cash in hand 10,000 Sundry creditors 12,000
Cash at bank 15,000 Purchase return 1,000
Wages & Salaries 6,000 Rent 1,200
Repairs 1,000 Bills Payable 3,000
Purchases 60,000 Interest 1,000
Stock on 1st April 2017 20,000
Closing stock as on 31st March 2018 was valued at Rs 14,000.
Q8 From the following information draw up a trial balance in the books of Sh. Rattan Lal as
on 31-03-2018.
Ledger Accounts Rs. Ledger Accounts Rs.
Purchases 1,60,000 Insurance Claim 12,000
Sales 2,05,600 Interest on capital 4,000
Purchase Return 5,000 Drawings 18,500
Sales Return 10,800 Book debts 32,000
Fixtures and fittings 25,000 Bad debts 6,000
Octroi duty 9,000 Bad debts recovered 1,600
Excise duty 13,400 Provision for bad debts 2,400
Commission received 7,700 General Reserve 6,000
Accounts Payable 24,000 Rent due 5,000
Q9 What are the circumstances when closing stock is given :
a) Inside the trial balance; and
b) Outside the trial balance.
Describe the treatment of closing stock in financial statements under both the above
circumstances.
NOTE : Disclosure of Identity by writing Mobile No. or Making of passing request on any
page of Answer Sheet will lead to UMC against the Student.
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This post was last modified on 05 December 2019