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OMTEX – CLASSES

“T HE HO ME OF T EX T”
F.Y.B.Com THEORY F.Y.B.Com

Particular Dr. Rs Cr. Rs


Opening stock 30,000
Goods form head office 1,70,000
Purchases 1,10,000
Wages 20,000
Sales 3,60,000
Debtors 40,000
Creditors 10,000
Head office account 1,00,000
Salaries 20,000
Rent ,taxes 10,000
Advertisement expenses 12,000
Discount 7,000
Cash in hand 50,000
Cash at bank 1,000
4,70,000 4,70,000
1. Mukesh & co. Bombay had a branch at Calcutta. The balances of the
branch for the year ending 30th June 2000.

Stock on 30th June,2000 –Rs.8,000. From the above particulars prepare branch
Trading and profit and loss Account and balance sheet. Pass incorporating
journal entries in head office books and prepare Branch a/c in the books of head
office.

2.Thefollowing is the Trial balance of the pune branch as at 31st December, 1999.
Particular Dr. Particular Cr.
Amt Amt
Purchases 34,70 Creditors 4,680
Goods form H.O. 0 H.O current A/c 15,120
Debtors 16,20 Sales 76,400
Sundry expenses 0
Cash at bank 12,80
Petty cash 0
Stock (on 1.1.1999) 2,760
Administrative expenses 2,500
Selling expenses 100
14,54 96,200
0
8,080
4,520

96,20
0
Stock on hand on Br. on 31.12.1999 was valued at Rs 16,400.
Pune branch current account in the H.O. books on 31.12.1999 stand Rs.16,
880(Dr.). On the same date, goods sent to Branch but not received by Branch
amounted to Rs. 1,760. Pass incorporating journal entries in head office books
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ACCOUNTS ( F.Y. B. Com ) OMTEX - CLASSES
Branch A/c “The home of text”
OMTEX – CLASSES
“T HE HO ME OF T EX T”
F.Y.B.Com THEORY F.Y.B.Com

and prepare Branch a/c in the books of head office after creating a provision for
doubtful debts at 2.5% on debtors.

Incorporation entries in the books of H.O.


Transaction Journal entry
For the debit side items of trading Br.trading A/c ………Dr.
A/c (expect G.p. or loss) To Br. A/c
For the credit side items of trading Br. A/c …….Dr.
A/c To Trading A/c
For the transfer of Gross profit to Br. Trading ……..Dr.
Profit and loss A/c To Br. A/c
For the debit side items of Br. P/LA/c Br.P/L A/c…….Dr.
(expect net profit or loss) To Br. A/c
For the credit side items of Br.P/LA/c Br .A/c…….Dr.
To Br P/L A/c
For the transfer of Net profit to Br. P/L A/c………Dr.
general profit and loss A/c To general P/L A/c
For the incorporation of br. assets Br. Asset A/c……Dr.
To Br. A/c
For the Br liabilities Br. A/c…….Dr.
To Br.liability A/c

BASIC PROGRAMMING
I. Evaluate programming

a. 5 * 2 – 3 / 9 + (3 – 8 ) 2

b. 7 – 3 / 2 * ( 7 – 4 ) /8 – 3 2

c. If A = 2, B = 4, C = -3.5 find
INT ( A + B ) – ABS (C – A * B) / A * SQR ( 4 * A + 2 * B

II. Write Expression in Basic form.

a. a2 – b2 + √c3 – d - 3a + b
cd

b. – b + √b2 – 4 ac
2a

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ACCOUNTS ( F.Y. B. Com ) OMTEX - CLASSES
Branch A/c “The home of text”