Friday, April 1, 2016

Office Practice & Accountancy


ANNUAL EXAM-2072
Class: 8                                                                                         F.M.: 50
Subject: Accountancy              Time: 1.30 hrs                              P.M.: 20
Group "A" [1×5=5]
1.Give very short answer of the following questions.
a.       What is debtor?
b.      What is the full form of LF?
c.       What is the contra account of Purchase?
d.      What is correspondence?
e.       What is index?
2.   Give short answer to the following questions.  [5x3=15]
a.       What is filing? State its any of the four objectives.
b.      What is insurance?  Explain its types.
c.       What is journal? Explain its rules of journalizing.
3.   Journalise the following transactions.  [2x5=10]
a.       Started business with cash of Rs 50,000
b.      Purchased furniture for cash Rs 10,000
c.       Paid for salary Rs 6,000
d.      Sold an old computer for Rs 5000
e.       Received commission through cheque Rs 700
Required:
a)      Journal entries
b)      Ledger account
1.      Cash account
2.      Bank account



4.   The following balances are extracted from the books of Dipesh Medical Hall as on 30th Chaitra.  [10]
Particulars                                                       Rs
Capital                                                             200000
Machinery                                                       150000
Bank                                                                30000
Purchase                                                          80000
Sales                                                                60000
Cash                                                                5650
Interest paid                                                    12840
Other assets                                                     40000
Vehicles                                                          210000
Loan                                                                19000
Bank overdraft                                                280000
Rent received                                                  33000
Drawing                                                          35000
Discount allowed                                            3190
Bills receivable                                                25320

Required:
      Trial Balance


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