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Roll No.
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Total No. of Questions : 09
Time: 3 Hrs.
BHMCT (Sem.-2)
ACCOUNTS – II
Subject Code : BH-106
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M.Code : 14518
Total No. of Pages : 03
Max. Marks : 30
INSTRUCTIONS TO CANDIDATES :
- SECTION-A is COMPULSORY consisting of TEN questions carrying ONE mark each.
- SECTION-B contains FIVE questions carrying 21/2 (Two and Half) marks each and students have to attempt any FOUR questions.
- SECTION-C contains THREE questions carrying FIVE marks each and students have to attempt any TWO questions.
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SECTION-A
- Write short notes on :
- When does a trading account show a gross loss?
- What are direct expenses?
- Who prepares a bank reconciliation Statement?
- What is schedule of sundry debtors?
- What do you mean by cheques uncashed?
- Is trial balance indispensable?
- How will you determine closing stock when purchases, opening stock, sales and rate of gross profit are given?
- Which of the following are revenue expenditures for an office equipment dealer?
- Sales promotion costs
- Warehouse extension costs
- Purchase of office equipment for resale
- Purchase of delivery vehicle for sales department
- What is the treatment of closing stock in Trial Balance?
- Name any five accounts which always have debit balance.
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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.
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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
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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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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.
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| 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 :
- Inside the trial balance; and
- 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 download link is referred from the post: PTU BHMCT Last 10 Years 2010-2020 Previous Question Papers
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