Total No. of Questions—8] [Total No. of Printed Pages—6
Seat
No. [5372]-35
B.Sc. (Hospitality Studies) (Third Semester)
EXAMINATION, 2018
305 BASIC PRINCIPLES OF ACCOUNTING
(2008 PATTERN)
Time Three Hours Maximum Marks 70
N.B. Attempt any six 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 Plaanet Square, Pune, Prepare
Trading and Profit and Loss Account for the year ended 31st March
2018, and Balance Sheet as on that date, after taking into account
adjustments given below
Trial Balance as on 31st March, 2018
Dr. Cr.
PARTICULARS Rs. PARTICULARS Rs.
Salaries 1,15,000 Capital Account 7,50,000
Sundry debtors 75,000 Sundry creditors 50,000
Office furniture 50,000 Purchase returns 2,000
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Buildings 4,10,000 Bills Payable 25,000
Office expenses 2,000 Bank Loan 3,00,000
Power and Fuel 10,000 Reserve Funds 2,00,000
Purchases 2,15,000 Sales 3,93,000
Wages 16,000 Discount Received 5,000
Commission 3,000 Bank Overdraft 1,30,000
Advertisement 4,000
Opening stock 1,35,000
Bank Charges 1,000
Motor Car 2,00,000
Bills Receivable 25,000
Sales returns 2,000
Investments 1,00,000
Carriage Inward 2,000
Plant and Machinery 3,80,000
Drawings 15,000
Rent and taxes 10,000
Travelling Expenses 5,000
Cash in hand 65,000
Printing and Stationery 5,000
Cash at Bank 4,000
Carriage Outwards 6,000
18,55,000 18,55,000
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Additional Information
Stock on 31st March 2018 was valued at 2,50,000.
Salaries Outstanding 5,000.
Prepaid Wages 1,500.
Charge depreciation on Plant and Machinery Office
Furniture
Motor Car 20%.
Staff meals 1,500.
2. Write short notes on (any two)
Importance of Ledger
Bank Reconciliation Statement.
Accrual Concept in Accounting.
3. Journalise the following transactions in the books of Mr. Vinod
Kumar
January 2018
1. Mr. Vinod Kumar started business with Cash 12,00,000, out
of which 3,00,000 were borrowed from Janta Bank.
2. Cash Deposited into Bank 10,000.
4. Purchased goods from Suresh Trading Co. for 20,000 at
cash discount term. Half the amount paid immediately.
8. Sold goods to Meena 50,000 20% trade discount.
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11. Purchased Goods of 15,000 on Cash.
14. Purchased Machinery of 75,000 from Neeraj Bros. by cheque
and paid in cash 5,000 for its transportation.
18. Distributed goods of 3,000 as free samples and used goods
of 1,500 for personal use.
20. Paid salaries to staff 15,000 paid electricity charges 1,500.
4. Discuss the objectives of Hotel Accounting.
State the principles of Double Entry system of Book-keeping.

5. Enter the following transactions in the three column cash book of
Mr. Joshi for the month of March, 2018
2018 March
1. Opening cash balance 75,000, Bank Overdraft 23,000.
2. Sold goods of 3,000 cash discount; amount received
by crossed cheque.
5. Received 16,750 from Neeta and allowed a discount of
250.
6. Deposited 25,000 into the bank.
9. Purchased goods worth 40,000 at 10% trade discount and
cash discount.
11. Mr. Joshi introduced additional capital in cash 24,000.
15. Received commission 500 from Reena Co.
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18. Received a cheque of 1,750 from Mr. sham in settlement
of 1,800.
22. Deposited Sham's cheque into the bank.
27. Cash sales 30,000 15% Trade Discount and 10% cash Discount.
31. Paid salaries 5,000, Electricity charges 800.
6. Explain Revenue Expenditure, capital Expenditure and Deferred
Revenue Expenditures.
What is lmprest system of Petty Cash Book Explain its
advantages.
7. During the month of March 2018, the following functions were
held at The Ramee Grand Hotel, Pune. Prepare special function
day book.
March-6 Annual dinner of sports club, 125 covers at
350 per cover, Wine and Tobacco 12,500 account to Mr.
Jaiswal, Bill No. 61
March-18 Wedding reception for 150 covers at 300 per
cover. Wine and Tobacco 10,000 account to Mr. Patil Bill,
No. 65.
March-24 Private birthday party for 75 covers at 250
per cover. Wine and Tobacco 2,500 account to Mr. Raj Bill,
No. 69.
March-30 Luncheon the space club 90 covers at 275 per
cover. Wine and Tobacco 5,000 account to Mr. Upesh, Bill
No.72.
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From the following transactions prepare necessary subsidiary
books January 2018
1. Purchased goods from Naresh worth 80,000 10% Trade
Discount.
4. Returned Goods to Naresh worth 5,000 (Gross).
9. Sold Goods to Mahesh worth 40,000 15% Trade Discount.
12. Mahesh returned goods worth 2,000 (Gross).
15. Received an order for the supply of goods for 55,000
from Nayan.
8. Answer the following (any two)
Rules of Accounting with examples.
Trade Discount and Cash Discount.
Trial Balance and Advantages of Trial Balance.