SLC Model Question Set 5 (Accountancy)

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Jan 142015
 

SLC Model Question Set 5 (Accountancy)


(Group- A)

Answer the following questions in one sentence. [5×1=5]
1. Write the full form of WTO.
2. Write any two primary function of insurance.
3. How is net profit or net loss adjusted in Balance Sheet?
4. Which office prepares accounting form used in Government office of Nepal?
5. Write the name of forms which are made provision under A.G.F. No. 5 & 8.

(Group-B)

6. What is Tippani? Mention any four factors to be taken into consideration while drafting it. [1+4]
7. What is numerical filing method? List out the four advantages and disadvantages of this method. [1+4]
8. What is Invoice? Explain its any four types. [1+4]
9. From the following particulars, prepare a Trial balance of ABC Company for 31st December 2010.) [5]

Capital Rs 1,25,000
Salary Rs 70,000
sales Rs 3,60,000
advertisement Rs 30,000
Purchase Rs 2,00,000
Advance income Rs 15,000
Discount Rs 2,000
Machine Rs 1,98,000

10. Prepare a profit & loss Account of Priyanka Trades for the year end of Ashad 2060 from the following particulars. (5)

Discount on purchase Rs 5,000
Interest earned Rs 21,000
Insurance Rs 33,000
Carriage out Rs 40,000
Gross Profit Rs 3,56,000
Advertisement Rs 25,000
Rent received Rs 18,000
Stationery Rs 18,000
Interest on investment Rs 10,000
Sales of Scrap Rs 10,000

11. Prepare a balance sheet of Sakshyam & Brothers from the given particular for the year ended 2068. (5)

capital Rs 8,25,000
Net profit Rs 2,75,000
Furniture Rs 32,000
Investment Rs16,000
General reserve Rs 50,000
Debtor Rs 1,58,000
Land and building Rs 9,87,000
Advance income Rs 43,000

12. Introduce audit & mention any three differences between Internal Audit & Final Audit. [2+3=5]
13. List & explain all five accounts used in bank cash book. [5]

(Group-C)

Write long answers to the following questions:
14. What is central bank? Describe any eight function of central Bank. [2+8=10]
15. Prepare Goshwara voucher (AGF no. 10) of District Health office Kathmandu from the following transaction. [5×2=10]

a) On 2068/05/01 received bank order of Rs 6,00,000 as a revolving fund.
b) On 2068/05/02 Rs 40,000 paid for computer purchased through cheque no. 0001.
c) On 2068/05/03 received a bank voucher of Rs 5,000/- & bill of motorcycle Rs 90,000 from the section officer, Mr. Hari Gautam to clear his advance.
d) On 2068/05/04 out of total salary to staff Rs 1,50,000 for the month of Shrawan Rs 25,000 were deducted as provident fund & the balances was distributed by issue a cheque No. 0014.
e) On 2068/05/05 a petty cash fund of Rs 5,000 established

16. Following are the details of expenditure in District Education Office, Morang. [10]
B.H.No. Budget head Annual Appropriation Expenses up to Bhadra (Rs) Expenses of Ashoj (Rs)

1.01 Salary 6,00,000 1,00,000 50,000
1.02 Allowance 75,000 15,000 3,000
2.03 Office expenses 35,000 10,000 2,000
2.04 Rent 1,20,000 20,000 10,000
2.08 Miscellaneous 18,000 3,000 1,500
6.01 Furniture 40,000 16,000 4,000
 Total 8,88,000 1,64,000 70,500

Additional Information:
a) Total revolving fund received Rs. 3,00,000/-
b) Uncleared furniture advance Rs. 10,000/-
c) Petty Cash fund established of Rs. 3,000/-)
Prepare statement of expenditure for the month of Aahoj, 2067 showing the followings.
a) Budget release up to Ashoj [2]
b) Total expenditure up to Ashoj [3]
c) Budget balance [2]
d) Revolving fund balance [2]
e) Bank balance



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 Posted by at 8:36 am
Mar 092014
 

SLC Model Question Set 4 (Accountancy)


Candidates are required to give answers in their own words as far as practicable.

Group ‘A’

A. Answer the following questions in one sentence.                 5*1=5

1. What is the full form of AGF.

2. What is insurance premium?

3. How is net profit adjusted on balances sheet?

4. When was accounting committee formed to develop new accounting system in Nepal?

5. What are the types of trade?

Group ‘B

B. Give short answer to the following questions.                      8*5=40

6. What are the differences between a tippani and a report?

7. What is indexing? Explain the uses of indexing in filing system?

8. What is invoice? List out the terms to be mentioned on it?

9. From the following information, Prepare Trial Balance of Raj Kamal industries for the end of the fiscal year 2069/2070

Capital                       350000           Opening stock           40000

Sales                           100000           Purchase                    200000

Sales returned           1000               Purchase returned    5000

Creditor                     10000             debtor                         50000

Bank Overdraft         15000             Land and building    189000

10. From the following particular prepare profit & loss account.

Discount on purchase 1000 Interest on investment 2000
Apprenticeship premium 5000 Salaries 9000
Rent 4000 Discount 3000
Petty expenses 500 Income tax 100
Advertisement 500 Gross profit 10000

11. Prepare balance sheet of N.K Enterprises from the following particulars as on 31st December 2012.

Cash balance 5000 Bank balance 120000
Creditors 10000 Bills receivable 25000.
Land and building 103000 Capital 230000
Net profit 70000 Debtors 75000
Bills payable 10000 Reserve fund 8000

12. What is meant by new accounting system? Explain any four importance of it.

13. What is bank cash book? Explain the accounts included in it.

Group ‘C’

C. Write long answer of the following questions.                   3*10=30

14. What is Bank? Explain its importance’s.

15. Prepare Goswara Voucher on the base of the following transaction of District Education office Bhaktapur.

  1. 2064-5-10=> TADA advance of Mr. Khanal Rs. 16000 has been cleared against the bill of Rs. 15000 and bank voucher of Rs. 1000
  2. 2064-6-15=>Accountant, Miss Sujila submitted the bill of Rs. 10000 after purchasing the furniture and her advance was cleared.
  3. 2064-7-4=> Received a bank order for Rs. 310000 and budget release order for Rs. 250000 for the expenditure of Aswin.
  4. 2064-10-01=> Issued a cheque of Rs. 2000 in the name of Sujan for establishment of petty cash fund.
  5. 2064-21-10=> Issued a cheque of Rs. 69,500 for distribution of salary for the month after deducting Rs. 18,000 for provident fund, Rs 10,000 for Tejarath Sapati and Rs. 1,500 for income tax.

16. Following are the statement of revenue & expenses of district Health office, Palpa for the month of Shrawan.

B.H No. Budget head/ sub-head Annual budget Rs Expenditure of Shrawan Rs
1.01 Salary 286000 22000
2.01 Water sup.& electricity 96000 8000
2.03 Office expenses 144000 11000
6.01 Furniture 200000 50000
6.03 Machinery 500000 100000
Total 1226000 191000

Additional information:

  1. Total imprest fund received Rs. 225000
  2. Uncleared furniture advance Rs. 20000
  3. Petty cash fund balance Rs. 500
  4. Bank balance Rs. 33500

Required: Statement of expenditure for the month of Shrawan.



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 Posted by at 8:47 am