Download RGUHS (Rajiv Gandhi University of Health Sciences) BHA (Bachelors in Hospital Administration) 2019 April 4th Sem 1303 Fundamentals Of Accounting Previous Question Paper

Rajiv Gandhi University of Health Sciences, Karnataka
IV Semester Bachelors in Hospital Administration Degree Examination ? APRIL-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 internal and external users of accounting information.
2.
Explain Trading Account, Profit and Loss Account and Balance Sheet.
3.
Draw the two column cash book and record the following transaction also prepare the bank
account assuming cheque received are paid into bank on same date.
2013
Jan 1st ? Commenced business with cash Rs. 22,600
Jan 2nd ? Opened a current account and deposited Rs. 16,000
Jan 5th ? Received a cheque for Rs. 15,000 for goods sold
Jan 8th ? Issued a cheque for Rs. 10,000 furniture purchase.
Jan 9th ? Purchased goods for Rs. 3,000 and paid by cheque
Jan 10th ? Received a cheque for Rs. 4,900 in settlement of Rs. 5,000 from ram
Jan 12th ? Paid into bank Rs. 5,000
Jan 15th ? Paid rajan Rs. 2,250 in settlement of Rs. 2,500
Jan 18th ? Drew cheque for personal use Rs.500
Jan 20th ? Paid wages in cash Rs. 600
Jan 22nd ? Drew for office use Rs. 2,500
Jan 25th ? Paid salary by cheque Rs. 1,500
Jan 30th ? Paid in excess of Rs. 1,000 to bank
SHORT ESSAYS (Answer any Eight)
8 x 5 = 40 Marks
4.
Explain any four accounting concepts.
5.
Explain different system of book keeping.
6.
Differentiate between journal and ledger?
7.
Explain the errors disclosed by trial balance.
8.
What is meant by bank reconciliation statement? Explain its advantages?
9.
Journalise the following transactions of M/S Hari and Sons.
2014
July 1st ? Business started with Rs. 1,00,000 and cash deposited in bank Rs. 60,000
July 2nd ? Machinery purchased from anitha on credit Rs. 20,000
July 5th ? Furniture purchased from bharath for cash Rs. 10,000
July 10th ? Goods sold to yeshas Rs. 9,000
July 11th ? Goods returned by yeshas Rs. 1,000
July 12th ? Goods sold for cash Rs. 20,000
July 15th ? Purchase of goods for cash Rs. 10,000
July 18th ? Cash received from yeshas Rs. 4,000
July 20th ? Cash paid to Xavier Rs. 8,000
July 25th ? Cash withdrawn from bank Rs. 20,000
July 28th ? Advertisement expenses Rs. 5,000
July 30th ? Office stationery purchased for Rs. 2,000
July 31st ? Paid rent Rs. 1,000
July 31st ? Cash withdrawn from bank for personal use Rs. 2,500
10.
Prepare a trial balance from the following:
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Rajiv Gandhi University of Health Sciences, Karnataka
Capital
24,000
Opening stock
8,500
Furniture
2,600
Purchases
8,950
Cash at bank
730
Carriage
300
Sales
22,500
Buildings
12,000
Returns inwards
1,900
Trade expenses
1,000
Return out wards
350
Discount received
970
Office rent
2,270
salary
3,000
11.
Enter the following transactions in proper subsidiary books:
Jan 2 ? Sold goods to yatiraj, subject to a trade discount of 10% Rs. 3, 000
Jan 4 ? Received a debit note from yatiraj in respect of overcharge in the bill Rs. 200
Jan 5 ? Yatiraj returned damaged goods Rs. 100
Jan 12 ? Jayraman returned goods Rs. 100
From the following balances extracted at the close of the year anded 31st march 2014,
prepare profit and loss account of Balaram as at that date
12.
Prepare a balance sheet from the following:
Capital
11,000
Furniture
8,000
Computers
12,000
Cash
6,000
Bills receivable
4,000
Bills payable
5,000
Reserves and surplus
3,000
Bank overdraft
5,700
Creditors
2,200
Mortgage loan
5,600
Outstanding expenses
1,200
Outstanding income
1,500
Prepaid expenses
2,200
13.
Prepare a bank reconciliation statement from the following particulars:
a) Credit balance as per pass book on 31st march 2013, Rs. 25,00
b) Cheques amounting to Rs.4,000 were deposited for collection but cheques for Rs. 2,000
have been credited in the pass book in april 2013
c) Cheques amounting to RS. 2,500 were drawn on 25th march 2013, out of which cheques
of Rs. 1,500 were cashed upto 31st march 2013
d) A wrong debit of Rs. 100 appears in the pass book
e) Bank charges Rs. 25 appear in pass book but not in the cash book
f) Interest on investments collected by the bank and credited in the pass book Rs.400 but
not entered in the cash book
g) a cheque of Rs, 150 received from a customer was entered in the cash book in march
2013 but the same was omitted to be paid into bank
SHORT ANSWERS (Answer any ten)
10 x 2 = 20 Marks
14.
Define accounting.
15
What is accounting equation?
16.
What is meant by real account?
17.
What is meant by insolvent?
18.
Name any four current liabilities?
19.
Who is a debtor?
20.
What is meant by statement of affairs?
21.
How do you treat closing stock in final accounts?
22.
What is meant by trial balance?
23.
What is meant by capital?
24.
What is meant by bad debts?
25.
What is meant by invoice?
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Rajiv Gandhi University of Health Sciences, Karnataka
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