FINANCIAL ACCOUNT (PYQ-2024)
B.Com. (Semester-I) (NEP) Examination, 2024
FINANCIAL ACCOUNTING
Paper Code: 14160
Paper: First
Time: Two Hours | Maximum Marks: 75
Note: The question paper consists of two sections - A and B. Attempt four questions in all. Answer one question from Section-A of 15 marks each. Answer three questions from Section-B of 20 marks each.
नोट: इस प्रश्न-पत्र में दो खण्ड-'अ' और 'ब' हैं। कुल चार प्रश्नों के उत्तर दीजिए। खण्ड-'अ' से किसी एक प्रश्न का उत्तर दीजिए, प्रत्येक 15 अंकों का है। खण्ड-'ब' से किन्हीं तीन प्रश्नों के उत्तर दीजिए, प्रत्येक 20 अंकों का है।
Section-A / खण्ड-अ
Note: Attempt any one question from the following. [1×15=15]
1. "Accounting is the language of business." Explain this statement and discuss the significance of accounting in business. [15]
"लेखांकन व्यवसाय की भाषा है।" इस कथन की व्याख्या कीजिए और व्यवसाय में लेखांकन के महत्व की विवेचना कीजिए।
2. What are the various Accounting Concepts? Explain in brief with suitable examples. [15]
विभिन्न लेखांकन अवधारणाएं क्या हैं? संक्षेप में उपयुक्त उदाहरणों के साथ समझाइए।
Section-B / खण्ड-ब
Note: Attempt any three questions from the following. [3×20=60]
3. What is Goodwill? What are different methods of calculating Goodwill? Explain. [20]
ख्याति क्या है? ख्याति की गणना की विभिन्न विधियाँ क्या हैं? समझाइए।
4. A and B were sharing profits and losses in the ratio of 2:1. Following was the Balance sheet of their firm as on 31st March, 2011: [20]
| Liabilities | Amount (₹) | Assets | Amount (₹) |
|---|---|---|---|
| Capital A 15,000 B 10,000 |
25,000 | Buildings | 25,000 |
| Sundry Creditors | 32,950 | Plant and Machinery | 17,500 |
| Stock | 10,850 | ||
| Sundry Debtors | 4,000 | ||
| Cash at Bank | 600 | ||
| Total | 57,950 | Total | 57,950 |
They agree to admit C into Partnership on the following terms:
- C was to be given 1/3rd share in profits and was to bring ₹ 7,500 as his capital and ₹ 3,000 as his share of goodwill.
- The value of both the stock and plant and machinery were to be reduced by 5%.
- A provision @12.5% was to be created on Sundry Debtors.
- The building was to be depreciated by 10%.
- The Goodwill was to be withdrawn by the old partners.
Prepare the partners capital A/c, profit and loss adjustment A/c and the after admission Balance Sheet of the new firm.
(Hindi translation available in paper images)
5. Distinguish between Hire Purchase System and Instalment System. Also give necessary journal entries in the books of Hire Purchaser. [20]
किराया क्रय प्रणाली एवं किस्त प्रणाली के मध्य अन्तर कीजिए। किराया क्रेता की पुस्तकों में आवश्यक जर्नल प्रविष्टियाँ भी बताइए।
6. Explain the procedure for Computation of insurance claim under a loss of stock insurance policy. [20]
'स्टॉक की हानि' बीमा पॉलिसी के अन्तर्गत बीमा दावे की गणना करने की प्रक्रिया का वर्णन कीजिए।
7. Bharat Coal Ltd. obtained a lease of land from Sunil Kumar at a royalty of 25 paise per tonne of coal raised. Minimum rent was ₹ 24,000 per annum. Short-workings was to be recouped during first four years. The coal raised in the first four years of the lease was as follows: [20]
- 2009 - 80,000 tonnes
- 2010 - 90,000 tonnes
- 2011 - 60,000 tonnes (strike for 3 months)
- 2012 - 1,20,000 tonnes
Under the lease agreement there was a provision for proportionate reduction in minimum rent in case of stoppage of work due to strike, lock-out, accident etc.
Show the relevant ledger accounts in the books of Bharat Coal Ltd.
(भारत कोल लि. ने सुनील कुमार से 25 पैसे प्रति टन कोयला उत्पादन की दर से अधिकार शुल्क पर भूमि पट्टे पर ली। ...)
8. What is Statement of Affairs? Prepare proforma of a statement of affairs according to Provincial Insolvency Act, using imaginary figures. [20]
स्थिति विवरण क्या है? प्रान्तीय दिवाला अधिनियम के अनुसार स्थिति विवरण का प्रारूप अनुमानित आंकड़ों के आधार पर बनाइये।
9. S.S. Himalaya set on Voyage from Mumbai to Karachi. On 31st March on which date the accounts are closed, the return voyage had not been completed. The details about this voyage were as follows: [20]
| Particulars | Amount (₹) |
|---|---|
| Freight | 4,00,000 |
| Coal consumption | 70,000 |
| Stores consumed | 30,000 |
| Port charges | 15,000 |
| Salaries of Crew | 40,000 |
| Depreciation | 40,000 |
| Insurance-Ship | 20,000 |
| Insurance-Freight | 8,000 |
| Primage | 10% |
| Address Commission | 5% |
Total expenses of return journey have been included in the above expenses. Prepare voyage account.
(एस.एस. हिमालय ने एक समुद्री यात्रा मुम्बई से कराची के लिये प्रारम्भ की। ...)
10. Write short notes on any three of the following: [20]
निम्नलिखित में से किन्हीं तीन पर संक्षिप्त टिप्पणियाँ लिखिये :
- Accounting Equation (लेखांकन समीकरण)
- Dependent Branches (आश्रित शाखाएं)
- Calculation of Gaining Ratio (लाभ अर्जन अनुपात की गणना)
- Difference between Branch and Department (शाखा एवं विभाग में अन्तर)
टिप्पणियाँ
एक टिप्पणी भेजें