Total No. of Questions—5] [Total No. of Printed Pages—5
Seat
No.
P.G. DIPLOMA IN BANKING AND FINANCE
EXAMINATION, 2018
Paper IV
ACCOUNTING SYSTEM AND FINANCIAL ANALYSIS
Time Three Hours Maximum Marks 80
N.B. All questions are compulsory.
(ii All questions carry equal marks.
1. The following is the Trial Balance of Shri Sharada Sahakari Bank
Ltd., Thane as on 31st March, 2015 16
Dr Cr
Particulars Amount Particulars Amount

Payment of Salaries 63,000 Equity Share Capital
Miscellaneous Expenses 60,750 (11,250 Shares of
Rent, Rates and Taxes 6,750 Rs. 100 each fully paid) 11,25,000
Allowances to Directors 4,500 General Reserve 5,62,500
Stationery Stock 18,000 Current Deposits 2,25,000
Bills Purchased and Savings Bank
Discounted 1,03,500 Deposits 1,72,500
Investment in Shares Fixed Deposits 2,81,250
of A Ltd. 1,12,500 Interest and Discount
Received 2,81,250
P.T.O.
2
Cash in hand 27,500 Profit Loss A/c balance on
Cash with R.B.I. 4,00,000 1st April, 2014 40,500
Money at Call and
Short Notice 1,80,000
Interest paid 1,12,500
Interim Dividend Paid 38,250
Government Bonds 9,00,000
Building 1,72,500
Cash Credit and
Overdraft 88,250
Loans 4,00,000
26,88,000 26,88,000
Additional Information
Authorized Share Capital of the Bank was 25,000 Equity Shares
of Rs. 100 each.
Reserve for Bad and Doubtful Debts is to be provided at
Rs. 6,750.
Provide Rs. 18,000 for Taxation Reserve.
Rebate on Bills discounted Rs. 2,250 to be provided.
You are required to prepare Profit Loss A/c for the year ended
31st March, 2015 and the Balance Sheet as on that date as per
the Banking Regulation Act with necessary schedules.
3 P.T.O.
2. Prepare a Three Column Cash Book of M/s Sudeep Bhandari
from the following transactions related to the month ended 31st
December, 2014.
2014
Dec. 1 Sudeep started his business with cash Rs. 40,000 out of
which he deposited Rs. 38,000 into his bank to open current
account in the name of the firm.
Dec. 2 Received a cheque of Rs. 1,200 from Ravikumar on account.
Dec. 3 Banked the cheque received from Ravikumar.
Dec. 8 Paid Rs. 8,800 by cheque to Chhaganlal in full settlement
of his account Rs. 9,000.
Dec. 13 M/s Subhan Sons directly deposited Rs. 5,700 in our
Bank Account.
Dec. 21 Received Rs. 6,900 from Raman in cash after allowing him
discount of Rs. 300.
Dec. 22 Received on account of cash sales Rs. 5,000 by cheque
and Rs. 330 in cash. The cheque deposited into the bank.
Dec. 25 Deposited Rs. 2,500 into the Bank.
Dec. 27 Spot purchase made and paid Rs. 300 by cheque.
Dec. 29 Withdrew by cheque Rs. 500 for personal use.
Dec. 30 Withdrew from bank Rs. 3,000 for office purpose.
3. Ajay drew a bill of Rs. 18,000 on Vijay on 1st April, 2013
for 5 months. Vijay accepted the bill and returned to Ajay
who endorsed it in favour of Sanjay on 5th April, 2013.
On 1st August, 2013, Vijay approached to Ajay and requested
4
to renew the bill for a further period of 3 months with the
interest at 15% p.a. Ajay agreed the settlement and paid necessary
amount to Sanjay.
Vijay retired his acceptance before one month of the due date
at the rebate of 10%. Give necessary Journal Entries in the
Books of Vijay.
Journalise the following transactions in the Books of Panditrao,
Pune for the month of May, 2010.
2010
May 1 Paid to Pradeep Rs. 30,240 for the goods purchased
from him, after deducting 10% discount.
May 3 Paid Electricity Bill of the residential building of
Panditrao Rs. 600.
May 5 Paid for Travelling Rs. 2,000.
May 7 Sold goods for cash Rs. 54,000.
May 9 Goods costing Rs. 4,100 were stolen and were not
traced.
May 11 Invoiced goods worth Rs. 40,000 to Sangeeta on 10%
Trade discount and Cash discount terms. Half
of the amount received on spot.
May 14 Paid Salary Rs. 4,000 and Rent Rs. 3,000.
May 15 Panditrao drew goods with Rs. 1,500 for his personal
use.
5 P.T.O.
4. Zenia Ltd. has submitted the following figures extracted from the
Books of Accounts for the year ended 31st March, 2017
Particulars Amount
Share Capital (Paid up) 2,50,000
Debentures 1,25,000
Current Liabilities 1,00,000
Current Assets 3,00,000
Trade Debtors 50,000
Stock 1,00,000
Net Sales 15,00,000
Cost of Goods sold 10,00,000
Net Profit 1,50,000
You are requested to calculate the following ratios
Current Ratio
Liquid Ratio
Gross Profit Ratio
Net Profit Ratio
Debt-Equity Ratio
Working Capital Turnover Ratio
5. Write short notes on the following (any four)
Classification and Golden Rules of Accounts
Outstanding Expenses and Prepaid Expenses
Rectification of Errors
Cash Flow Statement
Parties to the Bill of Exchange
Difference between Journal and Ledger.