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Q.1. Attempt any FOUR of the following:-
(20)
(A) Answer in One sentence only: (5)
1. What is fixed capital method?
2. What is capital expenditure?
3. What do you mean by statement of affairs?
4. What is bad debts?
5. What are installation or erection charges?

(B) Write the word/ term/ phrase which can substitute each of the following
statements:

1. The partner who contributes the capital only.
2. Fees charged by the Notary public for establishing the facts and causes of
dishonour of a bill of exchange.
3. The debit balance of an income & expenditure account.
4. A bill drawn accepted and made payable within the territory of one and the same
country.
5. The account to which the expenses paid on joint venture are credited.

(C) Match the following pairs: (5)

Group A Group B
1. Specific Fund
2. Cost of an asset
3. Joint venture
4. Central processing unit
5. Goodwill
(a) Temporary partnership
(b) Part of a computer comparable to the
brain of a man
(c) Liabilities side of Balance Sheet.
(d) Assets side of Balance sheet
(e) Purchase price plus installation charges
(f) Purchase price minus installation charges.
(g) Tangible asset.
(I) Intangible asset.

(D) Select the most appropriate alternative from those given below:
(5)
1. A debit balance of the joint venture account indicates _______________.
a) Net profit. b) Profit on joint venture
c) No profit, no loss d) Loss on joint venture.



BOOK-KEEPING & ACCOUNTANCY (50)
Time: 3 Hours (5 Pages) Max. Marks: 100
2013 07 02 BCA- XII Commerce First and Final Exam 0930 (E)
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2. Only _________ income and expenditures are shown in the income and expenditure
Account.
a) Revenue
b) Capital
c) Business
d) Non recurring
3. A one months bill drawn on 31
st
January 2011 will mature on _________.
a) 3
rd
March 2011 b) 28
th
February 2011
c) 27
th
February 2011 d) 2
nd
March 2011
4. Goodwill can be measured in terms of __________-
a) Kind b) Goods
c) Money d) Service
5. Brain of a comuter is ________.
a) Micro processor b) RAM
c) DRAM d) DOS.

(E) State True or False with reasons any two; (5)

1. The Receipts and payments Accounts is a Nominal Account.
2. A bill of exchange does not need acceptance.

(F) From the following details prepare a format of bill of exchange. (5)

1. Drawer : Ashok Amarchand pande, Chandni Chowk, Nanded.
2. Drawee : Ramesh Ramlal Bhosale, Vikas Bhavan Barshi Road, Latur.
3. Payee : Milind Shymrao patil, Milind Nivas M.G Road, Parbhani.
4. Period of Bill : 3 months
5. Amount of Bill : 40,000/-
6. Date of Bill : 12-11-2011.
7. Date of Accepted : 13-11-2011.
Q.2. From the following prepare Machinery Account & Depreciation Account for 3 years
i.e., 2008-09.2009-10 and 2010-11.
a) Financial year : 1
st
April to 31
st
March.
b) Method of Depreciation : fixed Installment Method
c) Rate of Depreciation : 10% p.a.
d) Purchase of machinery :
Date Amount Rs.
01.04.2008 2, 40,000
01.10.2008 60,000
e) Sale of Machinery :
Date Amount Rs.
31.03.2010 Rs. 60,000 1/3 Machinery purchased on 1-4-2008
30.09.2010 Rs. 43,000 (purchased on 01.10.2008)


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OR
Q.2 A) Following is the Balance Sheet of parag and pankaj who share profit & losses in
the ratio of 3:2.
Balance sheet
As on 31
st
March 2011
Liabilities Rs. Assets Rs.
Capital A/c
Paraj
Pankaj
General Reserve
Creditors
Bills payable




85,000
95,000
35,000
50,000
10,000

Plant & Machinery
Furniture
Stock
Debtors
Cash in hand
Cash at bank
Prepaid advertisement



1,30,000
20,000
15,000
70,000
10,000
25,000
5,000
2,75,000 2.75,000

The net profit of the firm for the year ended 31
st
March for last five years were-

Year Profit
2006-07 40,000
2007-08 60,000
2008-09 70,000
2009-10 40,000
2010-11 90,000
Normal rate of return for similar business was 20% and partners remuneration was
Rs.8000.
Calculate the value of goodwill of the firm at 3.5 years purchase of super profit

B) Explain the use of computer in office Administration.

Q.3. Mahesh owed Rs. 30,000 to Dinesh, hence accepted a bill drawn on him by Dinesh
at 3 months on 5 April 2011. On the same date Dinesh endorsed it to Ganesh.
On 5
th
July 2011 Mahesh requested Dinesh for the renewal of the bill.
Dinesh agreed to the
Conditions that Mahesh should pay half the amount due immediately by
cheque and should accept a bill for the balance along with interest at 10% p.a. for 2
months.
These arrangements were carried through on the same date. Dinesh sent the
new bill to the bank for collection.
On the due date, the new bill was honoured and bank charges debited were Rs. 150.
Give journal entries and show Maheshs A/c in the books of Dinesh.
OR
Journalise the following transactions in the books of Amit Agrawal. (12)
1) Bank informed that Sanjays acceptance for Rs. 10,850 sent to bank for collection
had been honoured and bank charges were Rs. 150.

2) Nitin renewed his acceptance for Rs. 15,000 by paying Rs. 5,000 in cash and
accepting a new bill for the balance plus interest at 10% p.a. for 3 months.
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3) Discharged our acceptance to pranay for Rs. 5,750 by endorsing prataps
acceptance to us for Rs. 5,500.

4) Nagesh who had accepted Admits bill of Rs. 20,000 was declared insolvent and
only 40% of the amount due could be recovered from his estate.
(12)
Q.4. pravin and pramod entered into a joint venture to purchase and sale of colour
televisions. They share profits and losses in the proportion of 3:2
Pravin contributed Rs. 6, 00,000 and pramod Rs. 5, 00,000. The amount was deposited
into a joint Bank.
Pravin bought 50 televisions at 20,000 each and paid for them from joint Bank Account.
Freight and insurance premium of Rs. 7,500 and Rs, 17,500 respectively were paid by
pramod from his private cash.
40 televisions were sold at a price of Rs. 25,000 each and 8 televisions which were
damaged in transit were repaired. Repairing charges Rs. 29,000 paid by pravin from the
private cash. They were sold at a price of Rs. 18,000 each and remaining two television
sets were taken over by pravin and pramod at agreed Price Rs. 15,000 each. The
proceeds were deposited into joint Bank Account.
Prepare:
Joint venture A/c, joint Bank A/c & co ventures A/c

(10)
A Q.5. Mr. Ramesh traders maintains books on single entry and gives you the
following information.
Particulars 31-3-2010
Rs.
31-3-2011
Rs.
Cash in hand
Cash at bank
Stock
Sundry debtors
Investment
Furniture
Machinery
Sundry creditors
Outstanding expenses
Bills payable
3,000
5,000
20,000
40,000
70,000
50,000
75,000
30,000
14,000
19,000
5,000
9,000
30,000
60,000
70,000
90,000
1,00,000
30,000
7,000
27,000







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Additional information;
1) Mr. Ramesh introduced further capital of Rs. 80,000 on 1
st
July 2010 and had
withdrawn Rs. 60,000 during the year.
2) interest on capital is allowed at 10% p.a. interest on drawings @15% and 10% interest
on investment is receivable.
3) Additions to furniture and machinery were made on 1
st
Oct 2010.
4) Write off depreciation on furniture and machinery at 10% p.a.
5) Create reserve for doubtful debts at 5% on sundry debtors.
Prepare:
a) Statement of Affairs
b) Statements of profit and loss for the year ended 312st march 2011.
(16)

Q.6. from the following Balance sheet and Receipts and payments Account of smart
Sports club, Aurangabad.
Prepare income and expenditure Accounts for the year ending 31
st

March 2011 and Balance sheet as on that date.

Balance sheet
As on 1
st
April 2010
Liabilities Rs. Assets Rs.
Capital fund (balancing figure)

Outstanding salary

61,000

1,000


Furniture
Sports Material
Investment
Cash in hand
Outstanding subscriptions
20,000
10,000
22,000
4,000
6,000
62,000 62,000

Receipts & payments Accounts
For the year ended 31
st
March 2011

Receipts Rs. Payments Rs.
To Balance b/d
To subscriptions:
2009-10 4,000
2010-11 42,000
2011-12 3,000
To Donations
To income from
cricket match
4,000



49,000
40,000
60,000
By salary (including Rs 1000 paid
for last year)
By Cricket match expenses
By sports material purchased
By sundry Expenses
By ground Rent
By Stationary
By furniture purchased
(on 1-12-2010)
By Balance c/d

11,000

40,000
30,000
2,000
6,000
5,200
40,000

18,000
1,53,000 1,53,000
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Adjustments:
1) Salary outstanding for current year is Rs. 2,000.
2) Sports material in hand on 31-3-2011 was valued at Rs. 22,000
3) There were 50 members of the club each paying annual subscriptions at Rs. 1,000.
4) Furniture is to be depreciated at 15% p.a.
5) Interest on investment Rs. 2,200 is receivable.
6) 50% Donations are to be capitalized.

(20)
Q.7. jay and Vijay are partners sharing profits and losses in the ratio 3:2 from the
following Trial Balance and adjustments prepare their Final Accounts:-

Trial Balance as on 31
st
March, 2011

Particulars Rs. Particulars Rs.
Drawings A/c
Jay
Vijay
Land and Building
Plant (addition 1-1-2011 Rs.
40,000)
Opening stock
Wages
Cash at Bank
Sundry Debtors
Purchases
Carriage
Furniture & fixture
Salaries
Bad debts
Office Expenses
Sales Return

5,000
7,000
1,60,000
1,40,000

25,000
13,000
18,900
60,700
95,500
2,500
35,000
8,200
1,000
3,500
3,700
Capital A/c
Jay
Vijay
Sales
Creditors
Bank overdraft
RDD
Purchase Returns
Sundry income
Pre-received rent
10% Bank loan (on 1-1-2010)

1,20,000
1,00,000
2,05,700
70,000
30,000
1,800
3,500
5,000
3,000
40,000





5,79,000 5,79,000

Adjustment:
1) closing stock was valued at
Cost price 40,000
Market price 50,000
2) Provide 10% Depreciation on-
3) Office expenses include personal expenses of Vijay Rs. 5,00
4) Write off bad debts of Rs. 700 and provide RDD at 5% on sundry Debtors.
5) Interest on partners capital at 5% p.a. was to be provided.
6) Wages Rs. 2,000 and salaries Rs. 1,800 are outstanding.

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