D.B.M. (Semester (CBCS) Examination, 2017
FINANCIAL AND COST ACCUNTING wateriI
Day Date: Saturday, 06-05-2017 Max. Marks: 70
Time: 10.30 AM to 01.00 PM
N.B. Q. No. 1 is compulsory.
Figures to the right indicate full marks.
Use of calculators is allowed.
Q.1 Choose the correct alternative given in the bracket. 07
A commodity in which a trader deals is known as
Property Goods Assets Liabilities
Amount which is not recovered from customer is known as
Debts Bad-debt
Debtors Doubtful debts
Sub-division of journal is known as book.
Subsidiary Purchase Return
Purchase Journal Proper
Right hand side of an account is called side.
Credit Debit Middle Centre
is prepared from the balances in ledger accounts.
List Journal Book Trail balance
The amount realized at the end of working life of an asset
Market Value Cost Value
Scarp Value All of these
is the statement prepared to show the financial
position of business as on particular date.
Balance Sheet Trading A/C
Trail Balance Profit Loss A/c
Fill in the Blanks 07
Amount invested in business by
Surplus of income over expenses is
An entry on both side of cash book is called
Goodwill is type of account
is recoded separately books of account.
is the person whose assets are not sufficient enough
to meet business obligations.
Outstanding expenses is account.
Page 1 of 2
SLR-S 3
Q2 Attempt (Any 14
The sales profit during two periods are given as follows:
Year Sales Profit
2004 20,00,000 2,00,000
2005 30,00,000 4,00,000
Calculate:
P/V Ratio
Fixed Cost
BEP
Sales to earn a profit of Rs.
Importance of cost accounting.
Need Importance of accounting.
Q.3 Attempt 14
Explain the term depreciation with SLM and WDV method.
Budgetary Manual
Break Even Point
Q.4 M/s Pawar sons purchased a Machinery for Rs. 90,000 on 1stApril,
2001. On 1st Oct 2oo1 additional machinery for Rs.50,000/-. The firm
provides depreciation 10% p.a. under straight line method on 31st
March every year.
14
Prepare Machinery and depreciation account for three years
i.e.2001-02, 2002-03, 2003-04.
OR
Explain the different financial statements and also explain the
importance of these statements.
Q.5 Journalize the following transaction in the books of Mr. Virat. 14
2015 June 1. Started business with Cash Rs. goods
worth Rs.10,000/- and computer Rs.
14. Paid into Dena Bank Rs.
18. Bought goods on credit from Mona Rs.
21. Sold goods to Nayana of Rs.18,000/- for cash
24. Goods worth Rs. burnt by firm.
28. Paid Salary by cheque Rs.
30. Drawn from Bank Rs. for his personal
purpose.
Explain the Various Accounting Concepts.