G.N.P.K.S Collegiate School, NadalaPaper Accountancy-I T.m 35Time- 3hour P.m-13 Section-AAttempt all Questions.1. Define Accountancy?2. What is Capital?3. What do you mean by Cash book? (3)4. What is diff Between Journal and Ledger?5. What is Purchase Book? Diff between Sale book and purchase book?6. Find out COGS?Opening stock = 45,000Purchase = 246000Purchase return = 31000Closing Stock = 70000 (6)7. What is Double entry system? Its advantages and limitations OrJournalize Following transactions and post into ledger? 2011April 1 Santosh stated business with cash Rs.35000, Machinery Rs. 25000 and Furniture Rs. 15000April 10 Machinery Costing Rs. 18000 sold for Rs. 20000April 26 Furniture Costing Rs.10000 sold for Rs 8000May 12 Cash Withdrawn by proprietor for personal use Rs. 16600May 31 Furniture costing 4000 withdrawn by proprietor for personal use. (5)

Section-B Attempt all Questions.1. What do you mean by Provision for Bad debts?2. What is Trading account?3. What is Bill of exchange? (3)4. What is difference between Provision and Reserve?5. What is Trail balance? Its importance?6. From the following Prepare Sales Book:-April 1 Sold to Boys Zone, Chandigarh 30 Trousers @ 1200 Each 25 Suits @ 800 Each Trade Discount 10%, Vat 10%April 2 Sold to Girls wear, Mandi 24 Tops @ Rs 2000 Per Dozen 36 Trousers @ Rs 9000 Per Dozen7. A company purchased plant of Rs. 4,00,000 .The useful life of plant is 10 years and scrap value after 10 years is 40000.Findout depreciation. (8)8. What are concept and conventions of Accounting? Explain it? OrGeeta sold goods to Seeta for Rs.2000 on credit on 18th July 2010 and received from him a bill for 3 months for Rs 2100 which included Rs 100 for interst for credit period of sale. Give journal entries in the books of both by following case:- a) When bill is discounted immediately @ 6%b) When bill is discounted immediately @ 9% (5)9. What is Profit and Loss account? Diff between profit and loss account and Trading Account? OrFrom the following prepare Trading and profit and loss account & Balance sheet for the year ending 31st March 2013.

ParticularOpening StockPurchasesSalesPurchase ReturnReturn InwardsWagesCarriageCoal,Gas & WaterSalariesTrade ExpensesPrinting & StationaryCapitalDrawingsLandMachineryCashDebtorsCreditorsInvestmentsDebit400012000

13505007003001200500700

1005000400022001000

3905Credit

250001455

5000

6000

Total3745537455

(5)