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.
- 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
- 2064-6-15=>Accountant, Miss Sujila submitted the bill of Rs. 10000 after purchasing the furniture and her advance was cleared.
- 2064-7-4=> Received a bank order for Rs. 310000 and budget release order for Rs. 250000 for the expenditure of Aswin.
- 2064-10-01=> Issued a cheque of Rs. 2000 in the name of Sujan for establishment of petty cash fund.
- 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:
- Total imprest fund received Rs. 225000
- Uncleared furniture advance Rs. 20000
- Petty cash fund balance Rs. 500
- Bank balance Rs. 33500
Required: Statement of expenditure for the month of Shrawan.
