Download RGUHS (Rajiv Gandhi University of Health Sciences) BHA (Bachelors in Hospital Administration) 2016 May 1st Semester 1303 Fundamentals Of Accounting Previous Question Paper

Rajiv Gandhi University of Health Sciences, Karnataka
I Semester Bachelors in Hospital Administration Degree Examination ? May 2016
Time: Three Hours


Max. Marks: 80 Marks
Fundamentals of Accounting
Q.P. CODE: 1303
(QP contains Three 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 users of accounting information.
2.
What is subsidiary book? Explain different kinds of subsidiary book.
3.
Prepare final accounts from the following trial balance and other adjustments:
Particulars
Debit (Rs)
Credit (Rs)
Machinery
78,000
-----
Furniture
2,000
-----
Capital
-----
1,00,000
Purchases and Sales
60,000
1,27,000
Returns
1,000
750
Opening Stock
30,000
-----
Discount
425
800
Debtors and Creditors
45,000
25,000
Salaries
7,550
-----
Wages
10,000
-----
Carriage outward
1,200
-----
Provision for bad debts
-----
525
Rent
10,000
-----
Advertisement
2,000
-----
Cash
6,900
-----
Total
2,54,075
2,54,075
Adjustments:
a) Closing stock Rs.34,220
b) Provision for bad debts is to be kept at Rs.500
c) Allow interest on capital at 10% p.a
d) Depreciate machinery by 10% and furniture by 5%
e) Outstanding salary Rs.550
SHORT ESSAYS (Answer any Eight)
8 x 5 = 40 Marks
4.
What are the different types of accounts? Explain golden rules of accounts.
5.
Explain limitations of accounting.
6.
Differentiate between profit & loss account and balance sheet.
7.
Explain branches of accounting.
8.
Explain single entry system of bookkeeping.
9.
Draw the two column cash book and record the following transactions assuming cheque received
are paid into bank on same date.
Jan 01 ? Commenced business with cash Rs.22,600
Jan 02 ? Opened a current account and deposited Rs.16,000
Jan 05 ? Received cheque for Rs.15,000 for goods sold
Jan 08 ? Issued cheque for Rs.10,000 for furniture purchase
Jan 09 ? Purchased goods for Rs.3,000 and paid by cheque
Jan 10 ? Received a cheque for Rs.4,900 in settlement of Rs.5,000 from Ram
Jan 12 ? Paid into bank Rs.5,000
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Rajiv Gandhi University of Health Sciences, Karnataka
Jan 15 ? Paid Ranjan Rs.2,250 in settlement of Rs.2,500
Jan 18 ? Drew a cheque for personal use Rs.500
Jan 20 ? Paid wages in cash Rs.600
Jan 22 ? Drew for office use Rs.2,500
Jan 25 ? Paid salary by cheque Rs.1,500
Jan 30 ? Paid in excess of Rs.1,000 to bank
10. From the following prepare a trial balance:
Particulars
Amount
Particulars
Amount
Drawings
2,000
Sales
68,000
General expenses
4,740
Purchases
40,000
Buildings
20,000
Bank overdraft
10,000
Stock
16,540
Capital
26,005
Wages
8,515
Debtors
6,280
Creditors
2,500
Bad debts
550
Loan to Ravi
7,880
11. Enter the following transactions in proper subsidiary books:
Jan 2 ? Sold goods to Sham, subject to a trade discount of 10% Rs.30,000
Jan 4 ? Received a debit note from Sham in respect of overcharge in the bill Rs.2,000
Jan 5 ? Sham returned damaged goods Rs.1,000
Jan 12 ? Jayraman returned goods Rs.500
12. Journalize the following transactions in the books of Sameer:
June 1 ? Started business with cash Rs.45,000
June 2 ? Paid into bank 25,000
June 3 ? Goods purchased from cash Rs.15,000
June 4 ? Purchased furniture and paid by cheque Rs.5,000
June 5 ? Sold goods for cash 8,500
June 8 ? Sold goods to Arvind Rs.4,000
June 10 ? Goods purchased from Amrit Rs.7,000
June 12 ? Goods returned to Amrit 1,000
June 15 ? Goods returned to Arvind 200
June 18 ? Cash received from Arvind Rs.3,760 and allowed discount to him Rs.40
June 21 ? Withdrew from bank for private use Rs.1,000
June 21 ? Withdrew from bank for use in business Rs.5,000
June 25 ? Paid telephone rent one year 400
June 28 ? Cash paid to Amrit in full settlement of his account 5,940
June 30 ? Paid for:
Stationery ? 200
Rent ? 1,000
Salaries to staff ? 2,500
13. Prepare a bank reconciliation statement from the following particulars:
a) Credit balance as per pass book on 31st March 2014, Rs.25,000
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 2014
c) Cheques amounting Rs.2,500 were drawn on 25th March 2014, out of which Cheques for
Rs.1,500 were cashed upto 31st March 2014
d) A wrong debit of Rs.100 appears in the pass book
e) Bank charges Rs.25 appear in the 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 for Rs.150 received from a customer was entered in the cash book in March 2014
but the same was omitted to be paid in the bank
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Rajiv Gandhi University of Health Sciences, Karnataka
SHORT ANSWERS (Answer any ten)
10 x 2 = 20 Marks
14. What is meant by business transaction?
15. What is trial balance?
16. What is meant by nominal account?
17. What is meant by current assets?
18. What is meant by drawings?
19. What is meant by petty cash book?
20. What is balance sheet?
21. What is meant by posting?
22. What is double entry system?
23. What is credit note?
24. How do you treat prepaid insurance in final accounts?
25. What is meant by journal?
*****
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