B.H.M.C.T. (First Semester) EXAMINATION, 2018
AE-105 BASIC ACCOUNTING
(2016 PATTERN)
Time 2½ Hours Maximum Marks 50
N.B. Attempt any four questions including Question No. 1 which
is compulsory.
(ii Figures to the right indicate full marks.
(iii Use of simple calculator is allowed.
1. The following is the Trial Balance of Mr. Ritesh Aggrawal,
Pune. Prepare Trading and Profit Loss Account for the year
ended 31-3-2017, and Balance Sheet as on that date, after
taking into account adjustments given below
Trial Balance as on 31st March, 2017
Dr. Cr.
Particulars Particulars
Opening Stock 80,000 Sales 4,50,000
Bill Receivables 15,000 Comission 4,500
Purchases 3,26,000 Sundry Creditors 35,000
Carriage Outwards 5,500 Bills Payables 10,000
Wages 10,000 Rent Received 12,000
[5371]-105 2
Salaries 35,000 Bank Loan 1,10,000
Plant and Machinery 2,00,000 Capital 1,41,800
Postage 4,500
Interest paid 5,800
Power Fuel 4,500
Printing and Stationery 3,000
Audit Fees 5,000
Trade Expenses 4,000
Bad Debts 2,000
Sundry Debtors 45,000
Cash at Bank 10,000
Cash in Hand 3,000
Drawings 5,000
7,63,300 7,63,300
Adjustments
Closing Stock of Goods on 31-3-2017 was valued at
1,10,000.
Depreciate Plant and Machinery 10.
Outstanding Salaries 2,000.
Staff Meals 5,500.
What is Book-keeping What are the main objects of Bookkeeping

2. Journalise the following transactions in the books of Minal
Shah
2017
April,
1 Minal started business with cash 2,00,000, Goods 1,00,000
and Furniture 75,000.
[5371]-105 3 P.T.O.
2 Sold Goods of 25,000 for Cash.
5 Cash Deposited into Bank 20,000.
9 Sold Goods to Ramesh 80,000 10% Trade Discount.
11 Rent of 4,000 received from Ram.
15 Cash withdrawn from Bank 10,000 for office use.
16 Goods worth 5,000 withdrawn from business for personal use.
25 Purchased Motor car 1,00,000 from Tata Motors.
31 Minal introduced additional capital of 25,000 in cash.
3. Write short notes on (any two)
Principles of double entry system
Classification of Accounts
Objectives of Hotel Accounting
4. Enter the following transactions of Mr. Khan in Cash Book with
three columns (Cash Book with Cash, Bank and Discount
Column)
2017
March,
1 Cash in hand 12,000 and Cash at Bank 15,000.
3 Cash Deposited into Bank 10,000.
11 Received a cheque from Madhavi for 11,170 in full settlement
of 11,200.
12 Received from cash sales, cash 275 and cheque 225.
[5371]-105 4
14 Cash purchases of 25,000 at 10% trade discount and
cash discount.
15 Introduced capital 20,000 into the business.
19 Madhavi's cheque was deposited into bank.
20 Cash withdrawn for personal use 10,000.
25 Paid to Vijay by cheque 14,900, discount received 100.
31 Paid by cheque salaries 10,000, telephone charges 575.
5. Answer the follwoing (any two)
Differentiate between Trade Discount and Cash Discount.
Differentiate between Revenue Expenditure and Capital
Expenditure.
Write rules of Accounting with examples.
6. From the following prepare a trial balance
Particulars Particulars
Building 2,00,000 Trade Creditors 1,25,000
Capital 3,20,000 Bills Payables 10,000
Furniture and Fixtures 1,50,000 Drawings 5,000
Puchases 4,50,000 Cash in Hand 3,000
Carriage Inward 3,000 Sales 5,25,000
Returned Inward 5,000 Opening Stock 70,000
Return Outward 6,000 Plant and Machinery 1,60,000
Bank loan 60,000
[5371]-105 5 P.T.O.
Classify the accounts into the Real, Personal and Nominal
Account [10×½=5]
Goodwill
Bank Loan
Sundry Creditors
Plant and Machinery
Bad Debts Recovery
Livestock
Commission
Outstanding Salaries
Shares
Depreciation.