Download RGUHS (Rajiv Gandhi University of Health Sciences) BHA (Bachelors in Hospital Administration) 2019 October 1st Semester 1303 Fundamentals Of Accounting Previous Question Paper
Rajiv Gandhi University of Health Sciences, Karnataka
I Semester Bachelors in Hospital Administration Degree Examination ? OCT-2019
Time: Three Hours
Max. Marks: 80 Marks
Fundamentals of Accounting
Q.P. CODE: 1303
(QP contains Two Pages)
Your answers should be specific to the questions asked
Draw neat, labeled diagrams wherever necessary
LONG ESSAYS (Answer any Two)
2 x 10 = 20 Marks
1.
Explain different kinds of accounting concepts and conventions.
2.
Prepare trading and profit and loss account for the year 31st March 2017 and a balance sheet as
on that date.
PARTICULARS
AMOUNT
PARTICULARS
AMOUNT
CAPITAL
40,000
Depreciation
4,600
Bad debts
1,000
Bad debts provision
3,000
Salaries
8,000
Outstanding salaries
1,000
Insurance
1,300
Debtors
50,000
Prepaid insurance
300
Creditors
40,000
Purchase (less closing stock)
1,50,000
Closing stock
22,400
Machinery
36,000
Sales
2,10,000
Furniture
5,400
Opening stock
15,000
3.
Enter the following transactions in proper subsidiary books
Mar 01 ? Bought from albert Rs.2,000
Mar 02 ? Sold goods to brown Rs.1,000
Mar 08 ? David bought goods from us Rs.700
Mar 10 ? Received goods returned by brown Rs.80
Mar 12 ? We returned goods to albert Rs.50
Mar 18 ? Sold goods to mohan Rs.500
Mar 22 ? Purchased goods from Moses Rs.600
Mar 25 ? Returned goods to Charles Rs.100
Mar 30 ? Sold goods to Salomon Rs.600
SHORT ESSAYS (Answer any Eight)
8 x 5 = 40 Marks
4.
Explain branches of accounting.
5.
Explain limitations of accounting.
6.
Differentiate between profit and loss account and balance sheet
7.
What are the different types of accounts? Explain golden rules of accounts.
8.
Explain different types of errors.
9.
Journalise the following transaction in the books of ram
July 1-Started business with cash Rs.4,000
July 2-Purchased machinery Rs.2,000
July 10-Bought furniture from suresh Rs.500
July 12-Sold furniture Rs.100
July 15-Purchased goods from srinivas on account Rs.4,000
July 18-Sold goods to Sridhar Rs.2,000
July 25-Returned damaged goods to srinivas Rs.50
July 27-Received cheque from Sridhar Rs.1,000
10. Prepare a personal account of varun from the following transactions in the books of ganesh:
Mar 1-Debit balance of varun Rs.1,050
Mar 5-Bought from varun Rs.1,500
Mar 7-Cheque issued to varun Rs.1,800
Mar 9-Sold to varun Rs.3,500
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Rajiv Gandhi University of Health Sciences, Karnataka
Mar 12-Ganesh sold goods to varun Rs.1,600
Mar 14-Varun sold goods to ganesh Rs. 900
Mar 20-Received cheque from varun Rs.1,800
Mar 24-Varun claimed as allowance of Rs.300 for damaged goods
Mar 28-Varun received goods returned by ganesh Rs.450
11. Enter the following transactions in simple cash book
July 1-Balance of cash in hand Rs.15,000
July 8-Purchased goods for cash from X for Rs.3,200
July 15-Sold goods for cash Rs.4,800 to Y
July 20-received commission is Rs.650
July 21-Paid commission Rs.550
July 28-Paid to satish on account Rs.7,150
July 31-Paid salary to the office clerk Rs.1,000 and office rent Rs.600
12. From the following balances prepare a trial balance
Capital
80,000
Sales
50,000
Purchases
30,000
Salaries
4,000
Rent
3,000
Insurance
600
Drawings
10,000
Bills payable
5,000
Machinery
56,000
Bank
9,000
Cash
4,000
Stock
10,400
Debtors
5,000
Creditors
2,000
Bills receivable
3,000
Loan to madhu
2,000
13. Enter the following transactions prepare bank reconciliation statement as on 31-8-2016:
Bank balance as per cash book Rs.8,000
Cheques of Rs.1,000, 2,000 and 3,000 issued on 8th , 10th and 13th of august of these a
cheque issued on 10th only was not presented for payment till 31st august
Interest and dividend collected by the banker on 25th august and informed the customer
on 1st September Rs.500
Cheques of Rs.3,300 deposited into bank of which a cheque of Rs.2,300 only collected in
august
A cheque of Rs.2,000 received and debited in cash book but not sent to bank till 31st
august
The following entries found in pass book only:
i)Interest on bank balance Rs.250 ii)Electricity bill paid Rs.400 iii)Commission charged Rs.50
SHORT ANSWERS (Answer any ten)
10 x 2 = 20 Marks
14. What is book keeping?
15. Define accounting.
16. What is meant by accounting equation?
17. What is meant by journal?
18. What is meant by posting?
19. What is meant by suspense account?
20. What is meant by petty cash book?
21. What is meant by balance sheet?
22. What is a creditor?
23. What is meant by overdraft?
24. What is meant by double entry system of book keeping?
25. How do you treat outstanding salaries of final accounts?
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This post was last modified on 07 December 2022