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Computerized Accounting Exam 2023

The document outlines the practical examination for B.Com (P) 1st Semester on Computerized Accounting System, with a focus on creating a balance sheet and recording transactions for the year 2022-23. It includes details of liabilities, assets, debtors, creditors, stock, and transactions that need to be processed. Students are required to create a company profile, ledger accounts, and calculate various financial figures based on the provided data.

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ashishtheage2
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9 views2 pages

Computerized Accounting Exam 2023

The document outlines the practical examination for B.Com (P) 1st Semester on Computerized Accounting System, with a focus on creating a balance sheet and recording transactions for the year 2022-23. It includes details of liabilities, assets, debtors, creditors, stock, and transactions that need to be processed. Students are required to create a company profile, ledger accounts, and calculate various financial figures based on the provided data.

Uploaded by

ashishtheage2
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

B.

Com (P) 1st Semester: Practical Examination:2023


Paper: Computerized Accounting System SET A
Duration: 3 hours Max. Marks: 20
University Roll No: ___________________________. Marks Obtained:

Name of the Student: ___________________________ SYSTEM NO_______________


Signature

Balance Sheet as at 31-03-2017


Liabilities Amount Assets Amount

Capital 21,00,000 Building 17,00,000

Secured Loan 16,40,000 Furniture 7,00,000

Profit & Loss 7,95,000 Stock 6,00,000

Creditors 2,85,000 Debtors 3,50,000

Outstanding Wages 80,000 State Bank of India 7,50,000

Cash 8,00,000

49,00,000 49,00,000

Details of Debtors and Creditors are as follows:


Debtors Amount Creditors Amount

Zahid 1,50,000 Usha 1,20,000

Ramin 1,10,000 Nisha 65,000

Sajid 90,000 Asha 1,00,000

Details of Stock are as follows:


Group Items Quantity Rate Amount

Saree Cotton 100 1000 1,00,000

Saree Khadi 100 2000 2,00,000

Suit Chikan 170 1000 1,70,000

Suit Siphon 650 200 1,30,000

GST applicable is 12% (CGST 6% and SGST 6%)


Following transactions took place during the year 2022-23:

[Link]. Transactions Amount

1 Owner introduced a further capital of Rs 8,00,000

2 Sold 70 cotton saree to Zahid @ Rs. 1500 each

3 Purchased 60 more khadi sarees from Usha @Rs. 900 each

4 Received from Ramin in full settlement of his claim 1,06,000

5 Sold 300 siphon suit to Asha for Cash @ Rs. 750 per suit

6 Paid to Nisha against her claim 62,500

7 Received a cheque from Sajid 60,000

8 Outstanding wages paid by cheque 50000

9 Wages paid by cheque 95,000

10 Depreciate furniture by 10%

11. Sold a portion of building worth Rs. 3,00,000 for Rs. 4,50,000

You are required to:


i. Create a company as per the details: Name of Company- Your College Roll No and
Name, Address-your address, Mobile No, Email ID
ii. Create appropriate groups and ledger accounts
iii. Enter the transactions selecting appropriate voucher type
iv. Write the value of:
Closing stock______________ Profit & Loss____________________

Closing Debtors:___________ Closing Creditors: _______________

Total of Balance Sheet: ___________________Trial Balance: __________________

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