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Old January 23rd, 2016, 07:23 PM
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Default Ms University B com Model Question Paper

Hello sir, I am Sudhir. I want you to help me by providing me with the Ms University B com Model Question Paper Financial accounting

As you have asked about the MS university B.Com model question paper for financial accounting, I am providing you with that
1. Create a company with your name with full details enter 10 cash and 5 bank transactions.

2. Show the balance sheet of XYZ Company, with the following accounts, under relevant groups with imaginary figures:
5 Fixed assets a) Land b) Building c) Machinery d) Furniture e) Goodwill
5 Current assets a) Trade Debtors b) Stock c) Bills Receivable d) Bank e) Cash
2 Loan accounts a) Loan from Andhra Bank b) Loan from Ramu
1 Capital account.

3. Assuming your own figures prepare a cash book for the following cash transactions:
a) Ramu brought in cash towards Capital Rs.25,000.
b) Deposited into bank Rs.20,000
c) Purchased goods Rs.3,000
d) Sale of goods worth Rs.8,000
e) Paid to Hrithik ( a supplier) Rs.5,000
f) Received from Mohan ( a customer) Rs.6,000.

4. Prepare cash book with bank column for the following bank transactions in Andhra Bank and ascertain Bank balance.
Balance at Bank Rs.2,00,000
Paid to Rajesh Rs.10,000 by cheque
Paid to Mahesh Babu Rs.25,000 by cheque
Received a cheque from Ragini Rs.38,000
Received from Sneha Rs.50,000 by cheque.

5. Give effect to the following discounts in the transactions.
a) Purchased goods worth Rs.5,000 less 5% Trade discount.
b) Rs.2,646 received from Vijay and allowed discount Rs.54 Cash.
c) Rs.5,292 paid to Anand and discount given by him Rs.108.

6. Prepare Trail Balance from the information given below:
Name of the Account Dr. Rs. Cr. Rs.
Furniture 10,000 -
Machinery 50,000 -
Buildings 1,00,000 -
Capital - 1,50,000
Cash 5,000 -
Bills Payable - 30,000
Trade Debtors 80,000 -
Trade Creditors - 65,000

7. Compute Net Profit from the given transactions:
Rs.
Started business with capital 75,000
Cash deposited into the SBI 10,000
Cash purchases 5,000
Cash Sales 6,000
Paid Rent 600

8. Prepare the trading and Profit and Loss account and the Balance Sheet.
Opening Balance: Rs.
Capital 2,00,000
Machinery 1,00,000
Cash 1,00,000
Transactions:
Purchased good from ANKIT (cash) 4,500
Sold goods for cash 11,500
Sold good to NIKHIL (Credit) 17,000
Paid Salaries 3,000
Selling Expenses 1,500


9. Opening Balance sheet: Rs.
Capital 2,00,000
Furniture 50,000
Cash 50,000
Buildings 1,00,000
Transactions:
Salaries paid 5,000
Rent paid 2,000
Adjustments:
Outstanding rent at the end of the year Rs.500
Depreciation on Buildings 10% p.a.
Pass adjustment entries and finalize the P & L account and Balance sheet.

10. Create a company of your own and generate a Petty cash book with 10 transactions. Assume own amounts.

11. Create a company of your own and generate a sales Register and Purchase register with any 10 transactions each, with imaginary figures.

Last edited by Neelurk; March 26th, 2020 at 02:54 PM.
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