SLC Model Question Set 1 (Accountancy)
Full Marks: 75
Pass Marks: 24
Group A
Answer the following questions in one sentence. (5 × 1 =5)
1. What is the full form of WTO?
2. What is a bearer cheque?
3. How is the net profit determined?
4. Which institution does the final audit of government offices?
5. Write the AGF numbers of Bank Cash Book and Statement of Expenditure.
Group B
Give short answers to the following questions.
6. What is Tippani? Mention any four points to be considered while drafting it. (1 + 4 = 5)
7. What is filing? List out any four advantages and four disadvantages of numerical filing method. (1 + 4 = 5)
8. Why is foreign trade necessary? Write any two similarities and dissimilarities of home trade and foreign trade. (1 + 2 + 2 = 5)
9. Prepare a trial balance of Nepal Store for the fiscal year 2065/066 based on the following particulars. (5)
| Description | Amount (Rs.) | Description | Amount (Rs.) |
| Capital | 2,13,000 | Salary | 25,000 |
| Purchase | 75,000 | Discount received | 2,000 |
| Sales | 1,25,000 | Stationery | 5,000 |
| Goodwill | 45,000 | Machine | 1,90,000 |
Ans: Rs. 3,40,000
10. Prepare a Balance Sheet of B & D Distributors on the basis of the following particulars as on 31st Ashad, 2064. (5)
| Description | Amount (Rs.) | Description | Amount (Rs.) |
| Capital | 1,75,000 | Land | 1,25,000 |
| Investment | 80,000 | Accrued income | 10,000 |
| Bank overdraft | 30,000 | Debtor | 35,000 |
| Net profit | 40,000 | Wages payable | 5,000 |
Ans: B.S. Total Rs. 2,50,000
11. From the following particulars, prepare Profit and Loss Account to find out net profit or net loss. (5)
| Gross Profit | Rs. 1,00,000/- |
| Salary | Rs. 25,000/- |
| Discount received | Rs. 2,000/- |
| Carriage out | Rs. 7,000/- |
| Interest | Rs. 3,000/- |
| Depreciation | Rs. 6,000/- |
| Dividend received | Rs. 5,000/- |
| Advertisement | Rs. 12,000/- |
12. Highlight the necessity of New Accounting System and explain any of its three features in brief. (2 + 3 = 5)
13. Why is Bank Cash Book prepared? What kinds of effects are seen in which accounts of Bank Cash Book while clearing excess expenditure rather than advance amount?
Group C
14. Introduce bank and describe any six functions of commercial bank. (1 + 9 = 10)
15. Prepare Goswara vouchers (AGF No. 10) on the basis of following transactions of District Irrigation Office, Sarlahi. (10)
- On 2064/4/10 received bank order of Rs. 3,00,000 as revolving fund.
- On 2064/4/14 Rs. 10,000 paid for furniture purchase through cheque no. 00245.
- On 2064/4/17 Sen cheque no. 00246ior Clerk Miss Rita Giri was paid an amount of Rs. 4,000 by cheque no. 00246 for program TADA in advance.
- On 2064/4/20 established a petty cash fund of Rs. 500.
- On 25th of Shrawan, 2064, the advance received by Senior Clerk Rita Giri was cleared according to the statement submitted by her and the excess expenditure Rs. 500 was paid by cheque no. 00248.
16. The details of expenses in District Police Office, Dolpa are given below. (10)
| Budget Head No. | Budget Heads | Annual Appropriation (Rs.) | Expenditure upto Poush (Rs.) | Expenditure of Magh (Rs.) |
| 1.01 | Salaries | 1,44,000 | 72,000 | 12,000 |
| 1.02 | Allowance | 12,000 | 6,000 | 1,000 |
| 2.03 | Office expenses | 10,000 | 4,000 | 2,000 |
| 2.05 | Repairs and Maintenance | 6,000 | 3,000 | 500 |
| 2.08 | Miscellaneous expenditure | 8,000 | 5,000 | 1,500 |
| 2.08 | Means of Transports | 20,000 | 12,000 | 3,000 |
| Total | 2,00,000 | 1,02,000 | 20,000 |
Additional Information
a) Revolving fund balance Rs. 25,000.
b) Advance for vehicle of Rs. 2,000 is not cleared.
c) Petty cash fund established with Rs. 1,000.
Prepare a statement of the Expenditure for the month of Magh of 2064 showing the following information.
a) Expenditure upto magh (3)
b) Balance of budget (2)
c) Bank balance (2)
d) Revolving fund release (2)
e) Net Expenditure (1)
Ans: (a) Rs. 1,22,000 (b) Rs. 78,000 (c) Rs. 4,000 (d) Rs. 1,27,000 (e) Rs. 1,20,000
