MODEL QUESTION PAPER c. What is a ‘Certificate of commencement of business ?
PART - III d. What is ‘Statement in lieu of Prospectus ?
COMMERCE, PAPER - I e. Mention any two problems facing by the ‘Public Enterprises’.
(English Version) f. Write about ‘Franking Machine.
Time : 3 hours Max. Marks : 100 g. What is ‘working capital’.
PART - A h. Write about ‘EXIM BANK’
2 x 10 = 20 Marks
1) Answer any TWO of the following questions not exceeding 40 lines PART - B
each.
(Marks - 50)
a) What is meant by partnership ? Explain its six merits and three IV. Answer any TWO of the following questions. 2 x 5 = 10
demerits. Marks
a) Describe the accounting concepts.
b) Write any ten differences between a Private company and a
public company. b) State the types of accounts and their principles
c) Prepare Kishore Account in the books of Gopal from the
c) Define Money and explain the functions of money. following transactions.
4 x 5 = 20 Marks 2002
September, 1 Purchased goods from Kishore Rs.20,000/-
II. Answer any FOUR of the following questions not exceeding 20 lines
each. 3 Sold Goods to Kishore Rs.10,000/-
6 Goods returned to Kishore Rs.250/-
a. Explain different types of industries with examples.
8 Cheque received from Kishore Rs.750/-
b. Write any five principles / features of co-operative societies. 10 Sold goods to Kishore Rs.4,000/-
12 Purchased goods from Kishore Rs.2,000/-
c. Explain any Five advantages of multinational corporations.
18 Cash paid to Kishore Rs.3,000/-
d. Write any five essentials of good filling. 30 Goods sold to Kishore Rs.300/-
e. Describe any Five types of preference shares. (d) Record the following transactions in the subsidiary books.
2002
f. Write any five merits of debentures.
April, 1 Purchased goods from Krishna Rs.1,000/-
5 x 2 = 10 Marks 3 Sold Goods to Ramesh Rs.3,000/-
III. Answer any FIVE of the following questions not exceeding 5 lines 6 Purchased Goods from Narayana Rs.5,000/-
each
10 Sold Goods to Pavan Rs.2,000/-
a. State the meaning of ‘Entrepot Trade’.
15 Purchased goods from Govind Rs.500/-
b. Explain ‘Mithakshara Law’ 26 Sold goods to Praveen Rs.4,000/-
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1 x 10 = 10 Marks c. Journalise the following transactions.
V. Answer any ONE of the following questions 2001 January, 1 Sold goods to Jyothi Rs.5,000/-
a) Prepare triple column cash book from the following information
6 Purchased goods from Kavitha Rs.3,000/-
2002
March, 1 1 Cash in hand Rs.10,000/- 10 Cash paid to Devika Rs.1,000/-
Cash at Bank Rs.10,000/- 15 Commission paid Rs.500/-
2 Received cheque from Gopal Rs.18,000/-
d. Write any two advantages of Ledger.
Discount allowed Rs.200/-
4 The above cheque was sent e. Explain the term ‘Debit Note’.
to the Bank f. What is ‘Contra Entry’?
8 Drawn from bank for office use Rs.6,000/-
g. From the following balances, write the opening Entry.
14 Mr. Rao directly deposited
a cheque into the Bank Rs.4,000/- Cash in hand Rs.10,000/-
22 Bought furniture Rs.2,000/-
Cash at Bank Rs.25,000/-
30 Cash remitted into Bank Rs.1,800
Sundry Creditors Rs.3,000/-
(OR)
Sundry Debtors Rs.4,000/-
b) Prepare Bank Reconciliation statement as on 31-12-2002 from the following
particulars.
Bills receivable Rs.8,000/-
1. Overdraft balance as per pass book Rs.15,000/-
Furniture Rs.3,500/-
2. Interest on overdraft Rs.500/- was debited in the pass book but not
posted in the cash book.
Bills payable Rs.2,000/-
3. Bank charges Rs.70/- were posted in the Pass Book but not recorded
in the Cash Book
h. Prepare a Trial balance as on 31-12-2002
4. Cheques issued but not presented for payment before 31-12-2002
were Rs.3,000/- Capital Rs.50,000/-
5. Cheques sent for collection but not credited by Bank by 31-12-2002
were Rs.6,000/- Cash at Bank Rs.20,000/-
6. An amount of Rs.5,600/- has been collected as dividend and credited Furniture Rs.15,000/-
in the pass book only but not recorded in the Cash Book.
Buildings Rs.25,000/-
VI. Answer any FIVE of the following questions. 5 x 2 = 10 Marks
a. What is capital ? Sundry Debtors Rs.10,000/-
b. Write any two advantages of Double Entry system. Sundry Creditors Rs.20,000/-
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VII. Answer the following Question. 1 x 20 = 20 Marks
From the following Trial balance of Krishna, prepare Trading, profit and
loss account for the year ending 31-12-2002 and Balance sheet as on
that date.
Debit Balances Amount Credit Balances Amount
Rs. Rs.
Salaries 12,000 Capital 50,000
Purchases 52,000 Sales 94,000
Trade Expenses 2,000 Discount 400
Wages 15,600 Creditors 42,000
Carriage 800 Bills payable 13,600
Audit Fees 1,000
Commission 1,200
Bad debts 2,400
Debtors 60,000
Furniture 6,000
Machinery 20,000
Insurance 800
Bills Receivable 4,000
Opening Stock 14,000
Cash in hand 1,000
Cash at Bank 7,200
2,00,000 2,00,000
Adjustments :
1. Closing stock Rs.22,000/-
2. Outstanding wages Rs.4,000/-
3. Prepaid Insurance Rs.100/-
4. Provide Bad debts reserve at 5%
5. Depreciate Machinery and furniture by 5%.
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