Download PTU (I. K. Gujral Punjab Technical University) BHMCT (Bachelor of Hotel Management and Catering Technology) 1st Semester 2019 May 14503 ACCOUNTS I Question Paper.
1 | M-14503 (S5)-2420
Roll No. Total No. of Pages : 02
Total No. of Questions : 09
BHMCT (Sem.?1)
ACCOUNTS?I
Subject Code : BH-105
M.Code : 14503
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 has 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) Money measurement concept
b) Contra entries
c) Drawings
d) Cash discount
e) Compound journal entry
f) Outstanding expenses
g) Fundamental accounting equation
h) Golden rule of real accounts
i) Credit note
j) Wasting assets
SECTION-B
2. Pass the opening journal entry from the following information :
Cash Rs.10,000, Outstanding expenses Rs. 3000, Furniture Rs.5000, Due from Mr. K
Rs.3000, Due From Mr. R Rs.5000, Due To Mr. N Rs.3500, Due to Mr. J Rs.500, Land
and Building Rs.50000.
3. What is the difference between cash discount and trade discount? Explain with suitable
examples.
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1 | M-14503 (S5)-2420
Roll No. Total No. of Pages : 02
Total No. of Questions : 09
BHMCT (Sem.?1)
ACCOUNTS?I
Subject Code : BH-105
M.Code : 14503
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 has 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) Money measurement concept
b) Contra entries
c) Drawings
d) Cash discount
e) Compound journal entry
f) Outstanding expenses
g) Fundamental accounting equation
h) Golden rule of real accounts
i) Credit note
j) Wasting assets
SECTION-B
2. Pass the opening journal entry from the following information :
Cash Rs.10,000, Outstanding expenses Rs. 3000, Furniture Rs.5000, Due from Mr. K
Rs.3000, Due From Mr. R Rs.5000, Due To Mr. N Rs.3500, Due to Mr. J Rs.500, Land
and Building Rs.50000.
3. What is the difference between cash discount and trade discount? Explain with suitable
examples.
2 | M-14503 (S5)-2420
4. Describe in detail generally accepted accounting principles.
5. Prepare the accounts of Ganesh and Co. from the following information :
2010 Particulars Amount (Rs.)
Dec 1 Balance due from Ganesh & Co. 10,000
Dec 4 Cash sales to Ganesh & Co. 4,000
Dec 8 Bought furniture from Ganesh & Co. 20,000
Dec 12 Ganesh & Co. Purchased goods from us 6,000
Dec 15 Ganesh & Co. returned goods 400
Dec 20 Ganesh & Co. settled his account by cheque and
received discount
300
6. Define any five accounting concept with suitable example.
SECTION-C
7. Explain three types of accounts with examples. Give their respective rules of journalizing
the transactions. Is it possible to pass a single journal entry for two or more transactions?
8. Enter the following transactions in journal :
Month Particulars
January 1 Mr.Amit started business with Rs.6,00,000
January 10 Bought furniture from Modern Furniture for Rs.20,000
January 11 Purchased goods for cash Rs.15,000
January 15 Purchased goods from Roy & Co. for Rs.50,000
January 18 Bought machinery for Rs. 10,000 and payment made by cheque
January 20 Paid electricity bill Rs.100
January 23 Received commission by cheque Rs.5000/
9. Prepare a three column cash book for recording the following transactions :
2011 Particulars Amount (Rs.)
March 1 Cash in hand 10,000
March 1 Cash at bank 8,000
March 2 Sold goods for cash with cash discount @ 10% 6,000
March 3 Paid by cheque for direct purchases 1,500
March 5 Paid rent in cash 1,000
March 7 Deposited cash into bank 2,000
March 9 Received cheque from Arun after a discount of Rs.100 900
March 10 Received commission in cash 700
March 11 The cheque received from Arun was dishonoured 900
March 12 Paid for wages 100
March 14 Cash withdrew from Bank 3,000
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