| January 23rd, 2016 06:53 PM | |
| Anuj Bhola | 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. |
