FirstRanker Logo

FirstRanker.com - FirstRanker's Choice is a hub of Question Papers & Study Materials for B-Tech, B.E, M-Tech, MCA, M.Sc, MBBS, BDS, MBA, B.Sc, Degree, B.Sc Nursing, B-Pharmacy, D-Pharmacy, MD, Medical, Dental, Engineering students. All services of FirstRanker.com are FREE

📱

Get the MBBS Question Bank Android App

Access previous years' papers, solved question papers, notes, and more on the go!

Install From Play Store

Download OU Intermediate 2018 Core Subjects 0158 Commerce Question Paper

Download OU (Osmania-University) Intermediate 2018 Core Subjects 0158 Commerce Previous Question Papers

This post was last modified on 16 April 2020

This download link is referred from the post: DNB 2019 June Previous Question Papers-(Diplomate of National Board) Under NBE


FirstRanker.com

A Firstranker's choice

Total No. of Questions — 32

--- Content provided by FirstRanker.com ---

Total No. of Printed Pages - 4

Part — 111

COMMERCE, Paper — 1

(English Version)

Time : 3 Hours [Max. Marks : 100

--- Content provided by FirstRanker.com ---

PART - I (Marks — 50)

SECTION - A

Answer any two of the following questions not exceeding 40 lines each : 2x10=20

  1. Define the Co-operative Society. Explain its features.
  2. Distinguish between a Private Company and a Public Company.
  3. --- Content provided by FirstRanker.com ---

  4. What is Business Finance ? Explain its needs and significance in the business

SECTION -B

Answer any five of the following questions not exceeding 20 lines each : 4x5=20

  1. Equity Shares.
  2. Share and a debenture.
  3. --- Content provided by FirstRanker.com ---

Answer any five of the following questions not exceeding each: 5x2=10

FirstRanker.com

A Firstranker's choice

FirstRanker.com

PART - 1§ (Marks - 50)

--- Content provided by FirstRanker.com ---

Answer the following question - 1x20=20

From the following Trial Balance. prepare Final Accounts of Sathish as on 31-12-2017 -

Trial Balance

Debit Balances Amount Credit Balances Amount
Opening Stock 1000 Sales 20,000
Cash in hand 10,000 Returns 800
Purchases 1,500 Capital 40000
Wages 11,000 Creditors 4250
Rent 3,000 Discount 800
Carriage Inward 1,000
Fuel and Power 1,000
Insurance 500
Buildings 10,000
Debtors 7,000
Salaries 1,300
Legal Expenses 600
Drawings 1,000
Discount 750
Printing, Stationery 1,400
Machinery 6,000
65,850 65,850

Adjustments :

  1. Closing Stock 2.100.
  2. --- Content provided by FirstRanker.com ---

  3. Outstanding Stationery 600.
  4. Depreciation on Machinery 10%.
  5. Bad debts 500.
  6. Prepaid Wages 500.

SECTION-E

--- Content provided by FirstRanker.com ---

Answer any one of the following questions : 1x10=10

  1. Prepare three column Cash Book from the following particulars :

March

1 : Cash in Hand 11.000

Cash at Bank 20.000

--- Content provided by FirstRanker.com ---

Cash Sales 1.900

Issued Cheque to 1.800

Received cash from 1.850

Discount allowed 150

Cash withdrawn from Bank for office use 550

--- Content provided by FirstRanker.com ---

Salaries paid by cheque 400

Cash purchases 600

Paid into Bank 800

FirstRanker.com

FirstRanker.com

--- Content provided by FirstRanker.com ---

  1. From the following information, prepare a Bank Reconciliation Statement of Ms.

Sathish Brothers as on 30" April, 2017

  1. Credit balance of Pass Book 45,000.
  2. Cheque amounting to 10,500 were deposited in the Bank but only cheques of 4,500 were cleared upto 30" April.
  3. Cheques amounting 15.000 were issued but cheques worth 5,100 not been presented for payment in the Bank upto 30" April.
  4. --- Content provided by FirstRanker.com ---

  5. In the Pass Book there was a credit 300 for interest on investments and debit of 75 for bank charges.

SECTION - F

Answer any two of the following questions : 2x5=10

  1. Explain different types of Accounts alongwith their debit-credit rules.
  2. Prepare Shirisha’s account from the following particulars :
  3. --- Content provided by FirstRanker.com ---

2017

January

1 : Amount due to Shirisha 12,000

7 : Goods purchased from Shirisha 16,000

14 : Goods returned to Shirisha 5,000

--- Content provided by FirstRanker.com ---

19 : Cash paid to Shirisha 6,000

23 : Goods purchased from Shirisha 9,000

30 : Shirisha’s account is settled with 10% discount

  1. Prepare Sales Book and Sales Return Book from the following :

2017

--- Content provided by FirstRanker.com ---

May

1 : Sold goods to Rahul 6,500

3 : Sold goods to Manish 6,000

8 : Returned goods by Rahul 700

11 : Sold goods to Raj Kumar 12.000

--- Content provided by FirstRanker.com ---

14 : Sold goods to Bhanu 11,000

17 : Returned goods from Raj Kumar 2,000

21 : Sold goods to Anand 9,000

  1. What are the Errors disclosed by the Trial Balance ?

FirstRanker.com

--- Content provided by FirstRanker.com ---

FirstRanker.

A Firstranker's choice

FirstRanker.com

SECTION -

five of the following questions : 5x2=10

--- Content provided by FirstRanker.com ---

  1. Accounting Cycle ?
  2. Entity Concept.

the following transactions -

2017

business with cash 20.000

--- Content provided by FirstRanker.com ---

plant 5.000

for postage

6.000


--- Content provided by FirstRanker.com ---

This download link is referred from the post: DNB 2019 June Previous Question Papers-(Diplomate of National Board) Under NBE