Accounting 1st

 

Que. 1.  What is accounting?                                                                                                   5

Que. 2.   What is Account? How Many Types Account?                                                     5

Que. 3.   Define the double Entry System?                                                                            3

Que.4.    Journalis the following transactions with narration in the book of Ram a/c?     11

1-4-2011-   Ram business started with cash 20000, goods 30000 and machinery 25000 Rs.

3-4-2011-   purchase goods on credit from Ram 4000 Rs.

5-4-2011-   Paid cash to Mohan 500 Rs.

10-4-2011- Good sold to Sohan 1000 Rs.

15-4-2011- Received cash from Ganesh 500 Rs.

18-4-2011- Purchase goods for cash 6000 Rs.

20-4-2011- Withdrew cash from personal use 2000 Rs.

25-4-2011- Goods given as free sample 1000 Rs.

28-4-2011- Furniture purchased from furniture mart 5000 Rs.

29-4-2011- Paid Rent to Mohan 200 Rs.

30-4-2011- Paid salary to Rajesh 1000 Rs.

Que.5.   Write the short cut key in Tally software.                                                               3

(a)                 Company creates.

(b)                Company Delete.

(c)                 Select company

Que.6.   What is Discount? How Many Types of discount?                                                 3

Que.7.   Journalies the following transactions compound entry?                                        20

1-2-2007- Shyam business commenced with cash 20000, machinery 35000, and typewriter 30000 Rs.

2-2-2007-   Paid Wages 200 Rs.

2-2-2007-   Paid posted expense 300 Rs.

2-2-2007-   Paid advertisement 2000 Rs.

5-2-2007-   Withdrew cash 3000, goods 2100 Rs for personal use.

6-2-2007-   Purchase goods from Ajit for cash 2000 Rs.

6-2-2007-   Purchase goods from Ram niwas gupta 3000 Rs.

6-2-2007-   Purchase goods from Singh traders 2000 Rs.

10-2-2007- Received Interest 200 Rs.

10-2-2007- Received Rent 700 Rs.

10-2-2007- Received Commission 400 Rs.

15-2-2007- Good sold for cash 3000 Rs.

15-2-2007- Good sold to Sahitya Bhawan Publications 6000 Rs.

15-2-2007- Good sold to Arvind Traders 4000 Rs.

20-2-2007- Loss of goods by fire 2000 Rs.

20-2-2007- Goods stolen away by an employee 5000 Rs.

28-2-2007- Paid salary to raj 2000 Rs.

28-2-2007- Paid Rent to Amit 300 Rs.

28-2-2007- Paid wages 200 Rs.

28-2-2007- Paid commission to Arjun 50 Rs.

     

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