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#11
January 25th, 2019, 01:17 PM
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 Re: B.Com previous year question papers of 1st year of University of Kerala  |
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#12
January 25th, 2019, 01:18 PM
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| Re: B.Com previous year question papers of 1st year of University of Kerala
As you want here I am givng bellow B.Com Previous Year Question Papers Of 1st Year Of University of Kerala , on your demnd : Section A Answer any five questions. Each question carries 2 marks. 1. What do you understand by an Independent Branch ? 2. Define Single Entry system. 3. What is the difference between Income and Expenditure account and Receipt and Payment Account ? 4. What do you mean by royalty ? 5. What is meant by Minimum Rent ? 6. What is Hire Purchase System ? 7. What do you mean by default and repossession in Hire Purchase Accounts ? (5 2 = 10 marks) Section B Answer any five questions. Each question carries 5 marks. 8. Give Journal Entries in the books of Lessee and Land Lord when royalty is more than the Minimum Rent and shortworkings of the previous years are to be recouped. 9. How will you convert a Single Entry System into Double Entry System. Explain in detail. 10. What do you understand by the term Branch Adjustment Account ? Explain clearly. 11. Delhi Traders opened a branch at Meerut on 1st January 2000. From the following figures prepare Meerut Branch Account for the year 2000 : Rs. Rs. Goods sent to the Branch ... 20,600 Cash sales 10,000 Cash sent to the Branch for : Credit sales 24,000 Rent 1,200 Cash received from debtors 20,000 Salaries 3,000 Stock (31-12-2000) 2,300 Other expenses 1,200 Petty cash (31-12-2000) 40 2 K 6064 12. Prepare Branch Account from the following particulars. Branch makes only Gash Sales : Rs. Goods supplied to branch ... 50,000 Cash sales ... 55,000 Expenses ... 3,000 Opening stock ... 1,000 Closing stock has not been ascertained. Manager gets commission at 10 % on net profit before charging such commission. Branch sells goods at cost + 25 %. 13. Madhu maintains books on Single Entry System. He gives you the following information : Rs. Capital on January 1, 2001 .... 15,200 Capital on January 1, 2002 ... 16,900 Drawing made during the period ... 4,800 Capital introduced on August 1, 2002 ... 2,000 You are required to calculate profit made by Madhu. 14. Prepare Receipt and Payment Account of a club for the year ended on 31st December 2000 from the following particulars : Rs. Opening balance of Cash 2,000 Receipt of entrance fee 400 Subscription received for 2,000 are 800 Previous years subscription received 80 Rent paid 60 Payment for purchase of cricket bats 80 Payment for stationery in Cash 5 Paid salaries 100 Paid for miscellaneous expenses 10 Answer any two questions. Each question carries 15 marks. 15. The Bundi Shoes Ltd., Bundi, is having its branch at Ajmer. Goods are invoiced to the branch at 20 % profit on sales. Branch has been instructed to send all cash daily to the head office. All expenses are paid by the head office except petty expenses which are met by the branch manager. From the following particulars prepare branch account in the books of Bundi Shoes Ltd. : Rs. Stock on 1st January 2001 (Invoice price) ... 15,000 Sundry debtors on 1st January ... 9,000 Cash in hand on 1st January ... 400 Office furniture on 1st January ... 1,200 Goods invoiced from the head office (invoice price) ... 80,000 Goods returned to head office ... 1,000 Goods returned by debtors ... 480 Cash received from debtors ... 30,000 Cash sales ... 50,000 Credit sales ... 30,000 Discount allowed to debtors ... 30 Expenses paid by head office : Rs. Rent ... 1,200 Salary ... 2,400 Stationery and Printing ... 300 Petty expenses paid by branch manager ... 280 Depreciation is to be provided on branch furniture at 10 % p.a. : Stock on 31st December 2001 at invoice price ... 14,000 16. Rajeev keeps his books by the Single Entry method. His position on 31st March 1999 was as follows : Rs. Cash in hand 2,400 Cash at bank 25,500 Debtors 18,400 Stock 28,600 Furniture 5,000 Creditors for goods 18,700 Expenses outstanding 2,000 On 1st October 1999 Rajeev introduced Rs. 10,000 as for the capital in the business and withdrew on the same date Rs. 7,000 out of which he spent Rs. 5,000 on the purchase of machine for the business. On 31st March 2000 his position was as follows : Rs. Cash in hand ... 2,100 Cash at bank ... 27,500 Stock ... 31,500 Debtors ... 24,200 Furniture ... 6,000 Creditors ... 25,200 Prepaid insurance ... 200 Prepare the necessary statement showing the profit or loss made by him during the year ended 31st December 2000 after making the following adjustments : Depreciate Furniture and Machine at 10 % p.a. Write off bad debts Rs. 1,200 ; and provide 5 % for doubtful debt. Goods taken for personal use amounted to Rs. 1,500. Also provide interest on capital at 10 % p.a. 17. The Madras Transport Company purchased Motor Lorries from the Bombay Motor Co., on a Hire Purchase agreement on 1st January 2001, paying cash Rs. 10,000 and agreeing to pay . three further instalments of Rs. 10,000 each on 31st December of every year, the cash price of the Lorries is Rs. 37,250 and the Motor Company charges interest at 5 % p.a. The Transport company write off 10 % depreciation evrey year on the cash value of the Lorries on the reducing balance method. Make necessary journal entries in the books of Madras Transport Company. 18. Prepare Income and Expenditure Account and Balance Sheet of a club for the year ending 31st December 2000 from the following : Receipt and Payment Account Receipts Rs. Payments Rs. Life member fees 4,000 Land and Building 24,500 Donations ... 25,000 Tournament expenses 1,100 Entrance fees ... 5,000 Furniture 1,500 Tournament fund ... 1,500 Purchasing sports Revenue Receipts : materials 1,200 Subscriptions ... 2,200 Revenue Payments : Bar receipts ... 1,300 Printing and Interest on Stationery 125 securities ... 300 Salaries 1,200 Cricket fees 500 Telephone 200 Tennis fees ... 450 Gardening 130 Billiard fees ... 300 Cricket 250 Sundries ... 275 5,325 Insurance 120 Tennis 400 Billiards 480 Sundry Expenses 100 Bar Expenses (including purchase) 1,500 Investments Cash in Bank Cash in hand 40,825 Outstanding subscriptions in 2,000 were Rs. 450. Subscriptions Rs. 125 of 2001 were received in advance in 2,000. Outstanding salaries are Rs. 175 and prepaid insurance is Rs. 30. 50 % of entrance fee is to be capitalized. Donations and life members fee are to be capitalised. Interest earned but not received is Rs. 120. At the end of 2000 sports material is valued at Rs. 750 and bar stock is valued at Rs. 400. Provide depreciation on furniture at 5 % and on building at 2Vi %. 6,000 1,800 220 40,825 (2 15 = 30 marks)
__________________ Answered By StudyChaCha Member |
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#13
March 26th, 2021, 12:13 PM
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| Re: B.Com previous year question papers of 1st year of University of Kerala
Respected Sir/Madam I Want B.com(Commerce & Tax procedure and practice ,Tourism & Travel Management)all semester question Paper(2015-2020). |
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