Karnataka PUC 1st Puc Commerce Accountancy — Real Previous-Year Papers

Total of the debit side of cash book is _____ than the credit side.

When there is a bank overdraft in the pass book there will be a _____ balance.

Capital account balance is a _____ balance.

Decrease in the value of fixed assets is called _____

Expand GST.

Name any one type of transaction recorded in the journal proper.

State any one difference between provision and reserve.

Give any one example for capital expenditure.

Prepaid expenses are assets of the business. (State True/False)

Match the following: | A | B | |---|---| | a) Cost Accounting | i) Accrual basis | | b) Basis of Accounting | ii) Branches of accounting | | c) Purchase book | iii) Capital receipt | | d) Sale of machinery | iv) Subsidiary book | | e) Trial balance | v) Revenue receipt | | | vi) Statement |

State any two users of accounting information.

What is double entry system?

What is passbook?

Give the meaning of Financial Statements.

Give journal entry for the following adjustment. Outstanding wages Rs. 5,000.

Classify the following into Assets, Liabilities, Capital, Expenses/Losses and Revenue/Gains. a) Furniture A/c. b) Outstanding Rent. c) Bad Debts A/c. d) Interest Receivable A/c. e) Rent received in advance. f) Prepaid Salary A/c. g) Capital A/c. h) Bills Payable A/c. i) Investment A/c. j) Stock A/c. k) Interest Received A/c. l) Rent A/c.

Enter the following transactions in the purchase book of Umadevi Traders. 2023 | Date | Particulars | Rs. | |---|---|---| | Jan. 01 | Purchased goods from Mr. Baskar for | 50,000 | | Jan. 10 | Credit purchases from Mr. Raghavendra for less 10% discount | 40,000 | | Jan. 12 | Purchased from Umesh Traders | 10,000 | | Jan. 20 | Purchased office furniture from Bombay furniture for | 12,000 | | Jan. 28 | Bought goods from Santosh less 5% discount | 30,000 |

Prepare petty cash book from the following transactions: 2020 | Date | Particulars | Amount (Rs.) | |---|---|---| | Jan. 01 | Received Rs. 1,000 imprest amount from the head cashier. | | | Jan. 15 | Stationery | 200 | | Jan. 16 | Bus fare | 24 | | Jan. 20 | Cartage | 80 | | Jan. 25 | Taxi fare | 160 | | Jan. 28 | Postage | 160 |

From the following particulars given below prepare a Trial Balance as on 31-03-2022: | Sl. No. | Particulars | Balance Rs. | |---|---|---| | 1 | Purchases | 95,000 | | 2 | Sales | 1,36,000 | | 3 | Bank loan | 20,000 | | 4 | Machinery | 50,000 | | 5 | Cash | 46,000 | | 6 | Capital | 1,00,000 | | 7 | Debtors | 80,000 | | 8 | Creditors | 17,000 | | 9 | Bills receivable | 4,000 | | 10 | Bills payable | 2,000 |

From the following information prepare a Balance Sheet as on 31st March 2022: | Particulars | Rs. | |---|---| | Capital | 1,00,000 | | Net profit | 40,000 | | Drawings | 20,000 | | Creditors | 25,000 | | B. O. D. | 10,000 | | Cash in hand | 30,000 | | Stock | 40,000 | | Debtors | 20,000 | | Investment | 60,000 | | Bills receivable | 5,000 |

Journalise the following transactions in the books of Sree Vijay Kumar 2022 | Date | Particulars | |---|---| | Jan. 01 | Commenced business with cash Rs. 90,000 and due from Kanaka Rs. 10,000 | | Jan. 03 | Sold goods to Priya Rs. 20,000 | | Jan. 05 | Goods returned from Priya Rs. 5,000 | | Jan. 12 | Cash received from Priya Rs. 15,000 | | Jan. 15 | Cash received from Manjula Rs. 7,000 | | Jan. 20 | Cheque received from Kanaka Rs. 10,000 | | Jan. 25 | Cash given to Keertana Rs. 20,000 | | Jan. 29 | Cheque given to Keertana Rs. 15,000 | | Jan. 30 | Withdrawn cash Rs. 5,000 and goods worth Rs. 3,000 | | Jan. 31 | Paid general expenses Rs. 1,000 |

Prepare a double column cash book with the help of following transactions for Dec. 2020. | Date | Particulars | Rs. | |---|---|---| | Dec. 01 | Cash in hand | 22,500 | | Dec. 01 | Cash at bank | 10,000 | | Dec. 02 | Purchased goods for cash | 4,000 | | Dec. 05 | Paid insurance by cheque | 2,000 | | Dec. 09 | Deposited in bank | 5,000 | | Dec. 13 | Cash received for sale of goods | 12,000 | | Dec. 18 | Received cheque from Joseph | 3,000 | | Dec. 24 | Joseph's cheque deposited in to bank | | | Dec. 30 | Withdrew cash for personal use | 1,000 |

Enter the following transactions in relevant subsidiary books of Kavya. 2021 | Date | Particulars | |---|---| | Dec. 01 | Purchased goods from Prem for Rs. 20,000 less 5% trade discount | | Dec. 03 | Purchased goods from Sunil for Rs. 15,000 for cash | | Dec. 05 | Sold goods to Suresh for Rs. 12,000 | | Dec. 08 | Sold goods to Kavana Rs. 35,000 less trade discount 10% | | Dec. 10 | Purchased goods from Mohan for Rs. 15,000 less trade discount 10% | | Dec. 13 | Sold goods to Sunder for Rs. 30,000 | | Dec. 17 | Goods returned by Sunder worth Rs. 5,000 | | Dec. 20 | Goods returned to Prem Rs. 5,000 | | Dec. 22 | Sold old news papers to Thamos Rs. 200 | | Dec. 25 | Purchased goods from Naveen for Rs. 20,000 | | Dec. 28 | Returned goods worth Rs. 3,000 to Mohan | | Dec. 30 | Bought goods from Ajay Rs. 6,500 | | Dec. 31 | Allowance claimed from Ajay for shortage Rs. 50 | | Dec. 31 | Sold goods to Bimal Rs. 2,000 |

The cash book shows a bank balance of Rs. 78,000, on comparing cash book with passbook, the following discrepancies were noted. 1. Cheque deposited in bank but not credited Rs. 3,000. 2. Cheque issued but not yet presented for payment Rs. 1,500. 3. Insurance premium paid by the bank Rs. 2,000. 4. Bank interest credited by the bank Rs. 400. 5. Bank charges Rs. 100. 6. Directly deposited by a customer into bank Rs. 4,000. Prepare Bank Reconciliation Statement.

On 01-01-2014 a firm purchased machinery costing Rs. 80,000, on 1-7-2016, it sold the machinery for Rs. 60,000 and on the same date a new machine was purchased for Rs. 20,000. Depreciation was charged annually at 10% p.a. on straight line method. Accounts are closed on 31st March every year. Show the machinery and depreciation account for first four years.

From the following ledger balances and adjustments prepare Trading A/c, Profit and Loss A/c and Balance Sheet: Trial Balance as on 31/03/2017 | Sl. No. | Name of accounts | Debit (Rs.) | Credit (Rs.) | |---|---|---|---| | 1. | Opening Stock | 20,000 | - | | 2. | Purchases and sales | 80,000 | 1,60,000 | | 3. | Returns | 400 | 1,200 | | 4. | Wages | 12,000 | - | | 5. | Salary | 9,000 | - | | 6. | Miscellaneous income | - | 12,000 | | 7. | Rent | - | 6,000 | | 8. | Drawings and capital | 4,000 | 80,000 | | 9. | Debtors and creditors | 12,000 | 14,000 | | 10. | Cash | 6,000 | - | | 11. | Investments | 20,000 | - | | 12. | Buildings | 86,000 | - | | 13. | Furniture | 23,800 | - | | | **Total** | **2,73,200** | **2,73,200** | Adjustments : 1) Closing stock was valued at Rs. 4,000. 2) Depreciate furniture by 10% p.a. and building by 15% p.a. 3) Bad debts written off Rs. 500. 4) Salary outstanding Rs. 1,000.