No. of Printed Pages: 3 I B.Sc. FOOTWEAll TECHNOLOGY (BSCFWT) Term-End Examination OLJ34....:5 December, 2016
8FW-045 BASIC ACCOUNTING
3 hours Maximum Marks: 70
Note Question no. 1. and 2 are comprd80i'y. Attempt
,any three questions from the rest (Question
ftumbers 3 to

1. Write short notes on any four of the following 4x5=20

Realisation Concept

Capital

Trademarks

Owner's Equity

Accounting Period Concept

Sales

2. Analyse any ten entries for the following statements: 10 x 2=20

Paid rent by cheque of Rs.20,000.

Ram purchased furniture from Mohan on credit.

Goods worth Rs.5000 and cash Rs.4,000 were stolen by an employee.

SubraIunanya started business with cash.

Rs.1,000 due from Hari is a bad debt.

Sold old machinery to Nathu for Rs.2,500.

Sold goods to Shyam on credit.

Received cash from Shyam.

Withdrew cash for personal uae.

Out of the rent paid this year, Rs.1,000 is related to next year.

Mukesh Company admitted the claim to the extent of Rs.800,

Cash deposited to Bank.

3. Journalise any ten of the following transactions in the books of a trader: 10 x 1=10

Jan.1­ Purchased goods worth Rs.5,000 for cash leas 20% trade discount and cash discount.

Jan.5­ Received Rs.1,980 from Akash and allowed Rs.20 as discount.

Jan.8­ Purchased goods from Raj for Rs. 5,000.

Jan.10 Purchased goods from Mukesh for Rs.6,000 and paid Rs.100 as cartage for bribging the plant to the factory and Rs.200 as installation charges.

Jan.15 Sold goods to Raju for Rs.500.

Jan.18 Raj became insolvent and could pay only 50 paise in a Rupee.

Jan.20 Sold goods to Rahim for Rs.2,000 in cash.

Jan.25 Interest received from Bablu Rs.500.

Jan.28 Paid to Sanjeev Rs.300 as interest.

Jan.30 Withdrew goods from business for personal use Rs.500.

Feb.2 Withdrew cash from business for personal Use Rs.2,000.

Feb.4 - Paid telephone charges Rs.1,000.

4. What is Depreciation What are the different methods of evaluating depreciation? 10

5. What do you Understand by Subsidiary Books? 10

6. Rectify the following errors: 5x2=10

A Credit sale of Rs.527 to John was recorded as Rs.725.

Purchase Book was undercast by Rs.1,000.

X was paid cash Rs.5,600 by Y but was debited by Rs.5,000.

Rs.120 owed by a customer had been omitted from the list of debtors.

Sales Return was overcast by Rs.5,000.