Total No. of Questions—8] [Total No. of Printed Pages—7
Seat
No. [5339]-15
DTL EXAMINATION, 2018
BOOK-KEEPING AND ACCOUNTANCY
Time Three Hours Maximum Marks 100
N.B. Question No. 1 is compulsory and carries 20 marks.
(ii Answer any five of the remaining carrying 16 marks
each.
1. From the following information prepare Trading and Profit Loss
Account for the year ended 31st March, 2017 and the Balance Sheet
as on that date in the books of Shri Manoj
Trial Balance as on 31st March, 2017
Particulars Debit Balance Credit Balance

Debtors and Creditors 36,800 28,900
Purchases and Sales 43,200 83,300
Returns — 1,100
Opening Stock 16,900 —
Discount 500 700
Commission 2,700 2,000
Advertisement 4,800 —
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Insurance 1,200 —
Audit Fee 1,000 —
Wages 1,600 —
Carriage 1,500 —
Bad debts 500 —
Printing and Stationery 2,300 —
Furniture 12,000 —
Machinery 25,000 —
Capital — 50,000
Cash in Hand 3,500 —
Cash at Bank 12,500 —
Drawings 4,000 —
Bill Payable — 4,000
Total 1,70,000 1,70,000
Adjustments
Stock on 31st March, 2017 valued at Market Price 20,000
Cost price being 94% of Market Price.
Outstanding Expenses were Advertisement 2,500, Audit Fees
1,500 and Printing 500.
Depreciate Furniture and Machinery 10% p.a.
Commission received but not earned 700.
R.D.D. is to be provided at 800.
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2. Mr. Aniket keeps his books under single entry system and gives
the following information
Particulars 1-4-2016 31-3-2017

Investment — 12,000
Bank Overdraft — 10,000
Bills Payable 5,000 8,000
Creditors 26,500 31,500
Furniture 9,000 19,000
Debtors 35,000 50,000
Stock in Trade 15,000 19,000
Cash Balance 18,000 28,000
Mr. Aniket withdrew 4,000 for his personal use. He received
15,000 from his father as gift which he brought into business.
Goods of 950, he utilised for household purpose.
Additional furniture was purchased on 1st October, 2016. Depreciate
furniture by 10% p.a. Write off 1,000 as bad debts and provide
R.D.D. on debtors.
Prepare a statement of affairs as on 1-4-2016 and on 31-3-2017.
Also prepare statement of Profit or Loss for the year ended 31st
March, 2017.
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3. Raj and Dev are partners sharing profits and losses in the ratio
3 2 respectively. Their position on 31st March, 2017 was as
follows
Balance Sheet as on 31st March, 2017
Liabilities Amount Assets Amount

Capital Accounts Building 1,00,000
Raj 1,00,000 Furniture 10,000
Dev 75,000 1,75,000 Stock 31,000
Creditors 10,000 Debtors 50,000
Bills Payable 5,000 Less R.D.D. 1,000 49,000
General Reserve 15,000 Bank 15,000
Total 2,05,000 2,05,000
On 1st April, 2017, Balraj admitted as new partner on the following
terms
Mr. Balraj should bring in cash 1,00,000 as capital for
1/5th share in future profit and 25,000 as goodwill.
Building is revalued at 1,25,000.
Depreciate furniture at 12½% and Stock at 10% p.a.
R.D.D. should be maintained as it is.
The capital accounts of all partners should be adjusted in their
new profit sharing ratio through bank account.
Prepare necessary Ledger Accounts and Balance Sheet of New firm
as on 1st April, 2017.
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4. Trial Balance of Mr. Champak showed a difference of 350 (Excess
credit). Pass Rectification entries and prepare Suspense account in
the ledger for the following errors discovered
Purchase of computer 32,000 from Om computer passed through
Purchases book.
Rent paid 450 to landlord Mr. Chintu credited to Rent
A/c as 550.
Commission received 650 recorded in the cash book but
remained to be posted to Commission A/c.
Received from Kalpana 1,000 recorded to Alpana's Account.
A credit sale of goods worth 2,000 to Chaman omitted to
be entered in the books.
A credit purchase from Chintu 6,675 passed through Sales
book.
5. Enter the following transaction in Simple cash book of Mr. Prasad
January, 2017
1 Cash in hand 10,000
3 Received from Gurunath 1,000
6 Received from Nandkumar 740
10 Made cash purchases 4,500
13 Sold goods to Suresh 700
17 Purchased furniture for office use 600
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19 Received interest on debentures 150
22 Paid Postage 50
25 Withdrawn from business for personal use 300
30 Paid salaries to office staff 1,440
6. From the following details, prepare Bank reconciliation statement
of Mr. Dabir, on 31st March, 2017
Debit balance as per Cash book as on 31-3-2017 1,813.
Three cheques of 1,200, 515 and 419 issued before 31st
March, 2017 but only cheque of 419 was remained to be
presented for payment till 31st March, 2017.
Cheques of 13,788 were deposited into the bank but cheque
of 10,000 were collected by the Bank till 31st March, 2017.
The following entries appear only in the pass book
Dividend collected by the bank 316.
Bank charges charged by the bank 212.
Direct deposit by debtor Mr. Deshpande 452.
Understanding instruction electricity bill paid by the
bank 813.
7. Write short notes on (any four)
Representative Personal Account
(ii Subsidiary books
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(iii Reasons for Bank Reconciliation Statement
Two sided errors
Difference between Trial Balance and Balance Sheet
Contra entries.
8. Journalise the following transaction in the books of Ashok
February, 2017
Date
1 Ashok started his business with cash 2,00,000, Machinery
3,00,000 and stock of goods 1,00,000.
4 Made cash purchases 50,000.
7 Made cash sales 40,000.
11 Bought goods from Anil 80,000 at 12½% T.D. and paid half
amount in cash.
13 Sold goods to Arun 60,000 at 7½% T.D. and received 50%
amount in cash.
15 Paid into Bank of India 30,000 to open Current Account.
18 Paid salaries to office staff 20,000.
22 Received commission for Ajay Traders 8,500.
25 Paid to Anil 34,500 in full settlement of his account.
30 Received from Arun 25,000 in full settlement of his account.