#1
July 3rd, 2014, 08:33 AM
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Tamil Nadu Open University B.Com 3rd year past year question papers free download
Will you please give me the Tamil Nadu Open University B.Com 3rd year past year question papers as it is very urgent for me?
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#2
July 3rd, 2014, 02:57 PM
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Re: Tamil Nadu Open University B.Com 3rd year past year question papers free download
As you want to get the Tamil Nadu Open University B.Com 3rd year past year question papers so here is the information of the same for you: Some content of the file has been given here: FINANCIAL ACCOUNTING PART A — (3 5 = 15 marks) Answer any THREE questions. 1. What are accounting concepts? Explain. 2. Prepare Trial Balance with the following balances. Rs. Capital a/c 5,00,000 Furniture 25,000 Debtors 25,000 Purchases 2,00,000 Sales 3,00,000 Sales Returns 10,000 Creditors 50,000 O/S salary a/c 5,000 Buildings 3,00,000 Machinery 2,00,000 Prepaid insurance 5,000 Stock 60,000 Bank 20,000 Cash 10,000 3. From the following particulars calculate profit. Rs. Capital at the beginning 8,00,000 Drawings during the year 1,80,000 Capital at the end 9,00,000 Capital introduced during the year 50,000 4. A fire occurred on 30.09.02 in the premises of Mr. Anand from the following data calculate the claim to be lodged : Rs. Stock on 1.1.2002 17,000 Purchases from 1.1.02 to the date of fire 1,70,000 Wages 17,000 Sales from 1.1.2002 to the date of fire 2,00,000 The rate of Gross profit is 20% on sale. The salvaged stock was valued at Rs. 4,000. 5. From the following balances prepare Sales Ledger adjustment account in General Ledger of a company. 1997 Rs. Jan 1 Balance of Sundry debtors 80,000 Dec 31 Credit Sales 1,96,000 Cash received from Debtors 1,56,000 Discount allowed 4,000 Bills receivable received 30,000 Returns inward 6,000 Bad debts 9,000 PART B — (4 15 = 60 marks) Answer any FOUR questions. 6. Rama commenced business as a cloth merchant on 1.4.89 with a capital of Rs. 10,000, on the same date he purchased furniture for cash Rs. 3,000. From the following particulars obtained from his books kept by single entry. You are required to prepare a Trading, Profit and Loss account for the year ended 31.3.90 and a Balance Sheet as on that date : Rs. Sales (inclusive of cash sales Rs. 47,000) 1,17,000 Purchases (inclusive of cash purchases Rs. 14,000) 95,000 Rama’s drawings 11,200 Salaries to staff 12,000 Bad debts written off 500 Business expenses 10,700 Rama took cloth worth Rs. 500 from the shop for private use and paid Rs. 200 to his son but omitted to record these transactions in his books on 31.3.90 his sundry debtors were Rs. 5,200 and sundry creditors Rs. 13,600. Stock in hand on 31.3.90 was Rs. 16,500. 7. From the following, prepare an account current as set by Arun to Bhola on 30th June 1989. Charging interest on debits at 6% and on credits @ 4% p.a. 1989 Rs. Jan 1 Balance due from Bhola 600 Jan 10 Sold goods to Bhola 520 Jan 17 Bhola returned goods 125 Feb 10 Bhola paid by cheque 400 Feb 14 Bhola accepted Arun’s draft for one month 300 Apr 29 Goods sold to Bhola 615 May 15 Received cash from Bhola 700 June 5 Bhola accepted Arun’s bill for 3 months 500 8. The Machinery account of a factory showed a balance of Rs. 3,80,000 on 1st January 1997. The accounts are closed every year on 31 December. Depreciation is written off at 10% on straight line method. On 30 June 1997 new machinery was acquired at a cost of Rs. 57,783 and on the same date a machine which had cost Rs. 12,000 on 1st January 1992 was sold for Rs. 1,500 and another machine which had cost Rs. 1,200 on 1st January 1993 was scraped without realising anything. Show the machinery account for the year 1997. 9. Differentiate Receipts and Payments a/c and Income and Expenditure accounts. 10. Eknath and Farook were partners in Joint venture sharing profits and losses in the proportion of 3/5 and 2/5 respectively. Eknath supplied goods to the value of Rs. 15,000 and incurred expenses amounting to Rs. 2,500. Farook supplied goods to the value of Rs. 20,000 and incurred expenses amounting to Rs. 3,000. Eknath sold all goods on behalf of joint venture and realised Rs. 50,000. He was entitled to a commission of 5% on sale. Eknath settled his account with Farook by a bank draft. Give ledger in the books of both. 11. Give journal entries that would appear in A’s books for the following transactions : 1999 May 5 A drew three bills on B for Rs. 5,000, Rs. 4,000 and Rs. 3,000 payable at 4, 3, and 2 months respectively. B accepted the bills and returned them to A. May 12 He endorsed the first bill in favour of his creditor C at Rs. 4,750 1999 May 19 He discounted the second bill with his bank at 12%. May 26 B paid the proceeds of the third bill at a rebate of 9% p.a. On the due date the first and second bills were dishonoured. 12. From the following prepare Departmental Trading, profit and loss account and there after the combined income account for the year ended 31st December 1989. Dept A Rs. Dept B Rs. Stock (January) 40,000 – Purchases from outside 2,00,000 20,000 Wages 10,000 1,000 Transfer of goods from Dept A – 50,000 Stock (Dec. 31 at cost) 30,000 10,000 Sale to outsiders 2,00,000 71,000 B’s entire stock represents goods from Dept A. which tranfers them at 25% on cost. Administrative and selling expenses amount to Rs. 15,000. Which are to be allocated between departments A and B in the ratio of 4 : 1. For more detailed information I am uploading PDF files which are free to download: Contact Details: Tamil Nadu Open University No 577, Anna Salai, Saidapet, Chennai, Tamil Nadu 600015 044 2430 6600 India Map Location: |
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