Total No. of Questions—4] [Total No. of Printed Pages—4
Seat
No. [5320]-105
B.Sc. (Hospitality Studies) (Second Year) (First Semester)
EXAMINATION, 2018
HS-205 BASIC PRINCIPLES OF ACCOUNTING
(2016 PATTERN)
Time Two Hours Maximum Marks 40
N.B. All questions are compulsory.
(ii Use of pocket calculator is allowed.
1. Explain the following terms
V.P.O.
(ii Bad Debts
(iii Capital
Nil Balance
Trial Balance.
Write one word/phrase for the following
Amount irrecoverable from debtors.
(ii Initial amount invested in a business by proprietor.
(iii Any amount paid by front office of a hotel on behalf
of and chargeable to guest.
P.T.O.
[5320]-105 2
List of balances of all ledger accounts.
Total of debit side of an account equals to the total
of credit side of an account.
2. Attempt any two of the following
Write short note on (any one)
Classification of Accounts
(ii Capital Expenditures.
From the following prepare special functions day book
March 1 Bill No. 117, Private Birthday Party 150 covers
Rs. 200 per cover. Wine and Tobacco Rs. 2,500 Account
to Mr. Nitin Raje.
March 5 Bill No. 119, Wedding Reception 300 covers
Rs. 350 per cover. Wine and Tobacco Rs. 7,000 Account
to Mr. Shinde.
March 6 Lunch on party of Pune Sports Club 100 covers
Rs. 200 per cover. Wine and Tobacco Rs. 15,050
Account to Mr. Sanjiv, Bill No. 125.
March 10 Bill No. 140, Labour Union Meeting 80 covers
Rs. 150 per cover, account to Ms. Revati, Secretary
and Wine and Tobacco of Rs. 7,000.
State True or False
Drawing made by proprietor increases his capital.
[5320]-105 3 P.T.O.
(ii An entry appears on both the sides of cash book is contra
entry.
(iii Stock is always valued at cost price only.
Unpaid wages means outstanding wages.
Trading Account shows trading results only.
3. Attempt any two of the following
Answer the following questions (any one)
What is the difference between Trade Discount and Cash
Discount
(ii Explain the steps for balancing of ledger account.
From the following prepare a Trial Balance
Particulars Rs. Particulars Rs.
Capital 3,70,000 Drawings 50,000
Machinery 3,00,000 Sales 3,00,000
Purchases 2,00,000 Stock 1,30,000
Carriage Inward 20,000 Carriage outward 25,000
Rent Received 25,000 Returns outward 30,000
Fill in the blanks
Capital shows ..................... balance.
(ii All Real Accounts show ..................... balance.
(iii Cash discount is earned when cash is ................... .
[5320]-105 4
Only ................... purchases are recorded in Purchases
Book.
Goods withdrawn for personal use of a proprietor should
be charged to ...................... account.
4. From the following information prepare Trading Account and Profit
and Loss Account for the year ending 31st March 2014
Particulars Rs. Particulars Rs.
Opening Stock 15,650 Purchases 33,400
Purchases Returns 3,260 Sales 76,450
Sales Returns 2,400 Wages 4,600
Closing Stock 28,400 Carriage Inward 1,650
Kitchen Expenses 3,500 Salary 8,700
Advertisement 9,000 Discount Allowed 760
Rent and Taxes 6,340 Commission Received 9,000
Insurance 2,900 Rent Received 4,500
Bad Debts 250 Profit on currency
Carriage outward 1,860 exchange 2,300
Printing and Stationery 1,200 Commission 900