Jan 302014

SLC Model Question Set 3 (Accountancy)

Group ‘A’

Answer the following questions in one sentence. 5×1=5

1. Give the full form of SWIFT.

2. Which is the first bank of Nepal? When was it established?

3. Why is trading a/c prepared?

4. Who is the final auditor of company?

5. Write the AGF no. of Bank cash book and Bank reconciliation statement.

 Group ‘B’

Give short answer of the following questions. 8×5=40

6. Explain five types of report.

7. What is numerical filing system? Mention four advantages and disadvantages of it.

8. Why home trade is necessary? Describe its four procedures orderly.

9. From the following particulars, prepare Trial Balance of Ram & Sons store, Bhaktapur, as on 31st Ashad 2069.

Capital    50,000.00 Reserve fund    23,000.00
Purchase    52,500.00 Drawing      4,000.00
Depreciation      1,700.00 Bank overdraft    35,000.00
Creditor      6,500.00 Account payable      7,500.00
Inventory      9,800.00 Loose & tools    54,000.00

10. From the following particular prepare Profit & Loss Account of Deurali Club for the fiscal year 2069/70.

Gross loss    10,000.00 Commission earned    25,000.00
Bad debt recovered    38,000.00 Corporate tax      5,000.00
Discount on sales      7,000.00 Discount on purchase    15,000.00
Interest charge    11,000.00 Interest from investment    30,000.00
Legal charge    20,000.00 Advertisement    12,000.00
Rent from tenant    18,000.00 Interest on capital    13,000.00

11. Prepare Balance Sheet of New Café, Bhaktapur for fiscal Year 2069/70.

Capital    30,000.00 Income due    12,000.00
Net profit    45,000.00 Drawing      9,000.00
Motor call    20,000.00 Fixture      3,000.00
Land    31,000.00 Closing stock    10,000.00
Debtors      8,000.00 Bank overdraft    20,000.00
Outstanding rent      5,000.00 Investment      7,000.00

12. What is auditing? Write the differences between internal and external auditing.

13. Write the meaning of budget sheet and explain its part.

 Group ‘C’

Write long answer to the following questions. 10×3=30

14. Give an introduction of life insurance and describe its five types.

15. Prepare journal voucher for the following transactions provided by Tax Office, Bhaktapur.

On 2069-11-01 Received a bank transfer of Rs. 300,000 equal to last months expenditure as a Budget released.
On 2069-11-02 Cheque no. 0012, issued to house owner in advance for three months Rs. 5,000 per month.
On 2069-11-03 Purchased two computer for Rs. 30,000 each and issued a cheque for the payment.
On 2069-11-04 Cleared office expenses advance of Sushma with an expenditure bill of Rs. 10,000 and pay in slip of Rs. 2,500
On 2069-11-05 Out of total salary for the month of Falgun Rs. 220,000 a sum of Rs. 40,000 for provident fund Rs. 10,000 for Tejarath loan and Rs. 4,000 for income tax were deducted and balance was paid through cheque.

16. Prepare the statement of expenditure of the month of Chaitra 2069.

BH. No.  Budget head Annual Budget Expenditure up to Falgun  Expenditure of Chaitra
21111  Salary     300,000.00            200,000.00    30,000.00
22311  Office Expense       90,000.00              60,000.00      5,000.00
21121  Uniform       12,000.00                 8,000.00      1,000.00
29311  Furniture       48,000.00              24,000.00      6,000.00
29411  Vehicles       50,000.00              25,000.00      5,000.00
29511  Machinery       35,000.00              20,000.00      4,000.00
    535,000.00            337,000.00    51,000.00

Additional information:
a) Revolving fund balance Rs. 75,000
b) Unclear advance Rs. 6,000
c) Petty Cash found Rs. 5,000

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 Posted by at 5:26 pm
Jan 282014

Different reactions take place with different rates. The branch of physical chemistry that deals with the study of rate of chemical reaction is called chemical kinetics.
During chemical reaction, concentration of reactants decreases while that of product increases. Thus, the rate of reaction may be defined as the decrease in the concentration of reactant or the increase in the concentration of product per unit time.

Let us consider a reaction,
A → B
When time (t) = t1, (A)1 → (B)1
When time (t) = t2, (A)2 → (B)2
If t2 > t1,
Rate of reaction = – (A)2 – (A)1/t2 – t1 = +(B)2 – (B)1/t2 – t1

Here, the negative sign indicates that the concentration of reactants decreases with time. The rate of reaction is measured in molL-1sec-1.

Factors affecting rate of reaction

There are many factors affecting the rate of reaction. Some of them are described below:
i) Size of particle: Rate of chemical reaction increases with the increase in the surface area or decrease in size of reactant particles. For example, when calcium carbonate is reacted with dilute hydrochloric acid, calcium chloride and water are formed with liberation of carbondioxide gas as:

CaCO3 + 2HCl → CaCl2 + H2O + CO2

Rate of reaction can be monitored by the evolution of carbondioxide gas. Evolution of carbondioxide gas is more, when powdered CaCO3 is used rather than lump of CaCO3.

ii) Concentration: Rate of chemical reaction is directly proportional to concentration of the reactants. When concentration is increased, the frequency of collisions between reactant molecules increases. This increases the rate of reaction. In the above given reaction, the evolution of carbondioxide is more rapid when concentrated hydrochloric acid is used rather than dilute hydrochloric acid.

iii) Temperature: The rate of reaction also depends upon temperature. Rate of reaction increases with the increase in the temperature. When temperature is increased, the kinetic energy of reactant molecules increases and their collisions become more effective. It has been found that the rate of reaction increases by two to three times upon each 10oC rise in temperature.

iv) Catalyst: Catalyst increases the rate of reaction by providing alternate path for the reaction having lower activation energy. For example, iron acts as a catalyst during the manufacture of ammonia by Haber’s process. Similarly, the decomposition of potassium chlorate is catalysed by using manganese dioxide.

Average and Instantaneous Rate

Concentration of reactants decreases with time and hence rate of chemical reaction decreases with the propagation of reaction. The rate of reaction at certain interval of time is called average rate of reaction.
To determine average rate, a graph between concentration of reactant or product is plotted against time and concentrations at given time intervals are noted and average rate is determined.

Let us consider a reaction,

A → B

graph 12Average rate = – (A)2 – (A)1/t2 – t1 = + (B)2 – (B)1/t2 – t1
or, Average rate = –Δ(A)/Δt = +Δ(B)/Δt

Similarly, the rate of chemical reaction at a particular instant of time is called instantaneous rate of reaction. To determine the instantaneous rate, a graph between concentration of reactant or product is plotted against time. Then a perpendicular is drawn from the curve to the instant of time where the rate is to be determined. Finally, the slope of the tangent at the corresponding point on the curve gives the instantaneous rate.


Instantaneous rate = – (A)2 – (A)1/t2 – t1 = + (B)2 – (B)1/t2 – t1
or, Instantaneous rate = –dA/dt = +dB/dt
The average rate becomes instantaneous rate of reaction when Δt → 0.
∴ Instantaneous rate = Δt lim→ 0 Average rate
or, Instantaneous rate = Δt lim→ 0 – Δ A/Δ B
or, Instantaneous rate = –dA/dB