DISTANCE EDUCATION
B.Com. (CA)/B.Com. (Lateral) DEGREE EXAMINATION,
DECEMBER 2017.
LAB III — ACCOUNTING PACKAGE
(2005 Onwards)
Time Three hours Maximum 100 marks
The Examiner has to give one question to each candidate
by lot system.
1. From the following prepare final accounts.
Rs. Rs.
Purchases 11,870 Capital 8,000
Debtors 7,580 Interest received 250
Return inwards 450 Creditors 1,250
Bank deposit 2,750 Return outwards 350
Rent 360 Bank overdraft 1,570
Salaries 850 Sales 14,690
Travelling expenses 300 Bills payable 1,350
Cash 210
Stock 2,450
Discount allowed 40
Drawings 600
27,460 27,460
Adjustments
The closing stock on 31.12.2009 was Rs. 4,200.
Write off Rs. 80 as bad debts and create a reserve
for bad debts at on Sundry Debtors.
Three months rent is outstanding.
Sub. Code
35
DE-9810
2
wk12
2. Enter the following transactions into Sankar Co's
Purchase Book-Open Ledger Accounts, including
purchases account and post the items
(Assume 12.5% VAT on purchase)
2000
Feb. 1 Bought from M/s. Raman Stores Ltd.
4 Oval mirrors in gilt Rs. 200
Feb. 7 Bought from M/s. Krishnan Bros.
6 Oak wireless cabinets Rs. 175
Feb. 15 Purchased from M/s. Raman Stores Ltd.
6 Gilt convex mirrors Rs. 225
Feb. 22 Bought from M/s. Jahan Co. Ltd.,
2 Carved walnut cabinets Rs. 510
Feb. 29 Bought from M/s. Krishnan Bros.
4 Oak wireless cabinets Rs. 175
3. Redraw correctly the trial balance give below:
Particular Debit Particular Credit
Rs. Rs.
Capital 8,000 Debtors 7,580
Bad debts recovered 250 Bank deposit 2,750
Creditors 1,250 Discount allowed 40
Returns outward 350 Drawings 600
Bank overdraft 1,570 Returns inward 450
Rent 360 Sales 14,690
Salaries 850 Bills payable 1,350
Postage 300
Cash in hand 210
Opening stock 2,450
Purchase 11,870
27,460 27,460
Cut here
DE-9810
3
wk12
4. Enter the following Voucher entry in Tally
2009 Rs.
Jan. 1 Goods purchased from Ajay 4,500
3 Goods sold for cash 1,500
10 Cash deposited into Bank 2,800
13 Goods sold on credit on Rahul 1,700
15 Postage paid 100
16 Cash received from Sundar 2,200
17 Telephone charges paid 250
18 Cash sales 1,500
20 Investment in Government Securities 5,000
25 Cash purchases 16,500
31 Paid salaries 1,500
31 Rent paid 600
5. From the following information, prepare the Profit and
Loss A/c of a trade for the year ending on 31.3.2004 by
using any accounting package.
Particulars Rs.
Gross profit 2,50,000
Salaries and wages 5,000
Wages and salaries 500
Carriage inwards 1,000
Carriage outwards 2,500
Freight inward 1,500
Freight outward 2,500
Discount allowed 500
Discount received 1,000
Dividend received 1,500
Commission allowed 1,000
Commission received 1,500
Interest allowed 1,500
Interest received 2,000
Rent paid 2,000
Rent received 2,500
General expenses 500
———————