Book 9 Account for 2077_final

11. Write any five differences between government letter and business letter. [5] 12. Following transactions are given: 2017 Jan 1 Commenced a business with cash and bank balance Rs. 2,00,000 and Rs 3,00,000 respectively . 2017 Jan 5 Withdrawn cash Rs. 1,50,000 from bank for office use. 2017 Jan 15 Goods sold to Nabina & Company for Rs. 50,000 and received by cheque Rs. 20,000 partially . 2017 Jan 22 Cash purchase Rs. 30,000 2017 Jan 28 Received cash Rs. 27,000 from Nabina & Company in full settlement. Required: Journal entries [5] 13. Prepare cash account and bank account on the basis of journal entries of above Q.No12. [2.5+2.5] Ans: Cash balance Rs. 3,47,000, Bank balance Rs. 1,70,000 Group C [2.5+2.5] Give long answer of the following questions: 14. Define office resources and explain its necessity for office. [2+8] 15. What is office? Describe the types of office on the basis of service, motive, investment and responsibility. [1+9] 16. Following cash and banking transactions are given: December 1 Cash balance Rs. 1,00,000 and bank balance Rs. 50,000 December 2 Goods sold to Anupama for Rs. 40,000 December 4 Sold an old equipment for Rs. 30,000 and received a cheque. December 10 Purchased goods for Rs. 25,000 with 10% discount. December 15 Received cash Rs 38,000 from Anupama in full settlement. December 20 Cash Rs. 5,000 withdrawn from bank for personal use. December 25 Bought a computer for Rs. 35,000 from Nepal suppliers and made partial payment of Rs. 15,000 through cheque. December 28 Cash sales Rs. 15,000. December 29 Deposited cash Rs. 10,000 into bank . December 30 Issued a cheque of Rs. 17,000 to Nepal suppliers in full settlement. Required: Cash book with cash and bank column [10] Ans: Cash balance Rs. 1,20,500,Bank balance Rs.53,000 Set 4 Group A [5×1=5] Answer the following questions in one sentence. 1. What is the full form of GAAP? 2. How many members are required for establishment of cooperative organization? 4. Mention any two examples of useless record. 5. When was new accounting system finally approved? Model Questions Sets 301

Group B [8×5=40] Give short answer of the following questions: 6. What is business office ? Write any four features of government business office. [1+4] 7. Classify the letter in the basis of nature of work and explain them in brief. [1+4] 8. What is meeting? Explain any four types of meeting in brief. [1+4] 9. Introduce public enterprise and explain its necessity for the developing countries like Nepal. [1+4] 10. What is journal? State the rules of debit and credit under traditional approach. [2+3] 12. Following transactions are given: Jan 1 Commenced a business with capital Rs. 10,00,000. Jan 4 Paid into bank Rs. 60,000. Jun 10 Bought furniture for Rs. 20,000 and paid by cheque. Jan 18 Sold goods to Sushmita for Rs. 10,000. Jan 20 Depreciation charged on furniture Rs. 2000. Jan 25 Received cash Rs. 4000 and cheque of Rs 6000 from Sushmita. Required: a) Journal entries b) Cash account [3+2] Ans : b) Balance Rs. 9,44,000 13. Post the following transactions into sales book of Himchuli Books Suppliers and also prepare sales account. [3+2] a) Sold to Santosh Stationery, Balaju 50 pieces Nepali books @ Rs 200 per book 50 pieces Economics @ Rs 250 per book b) Sold to Srijana Pustak Pasal, Gaighat 15 dozen copy@ Rs 50 per piece 50 gross pencil @ Rs 1000 per gross c) Sold to Rajbhandari Stationery, Solukhumbu 100 record files @ Rs 100 each 500 notes books @ Rs 500 each less 5% trade discount Ans: Sales book total Rs. 3,19,000, Sales a/c total Rs. 3,19,000 Group C Give long answer of the following questions: [3×10=30] 14. Who is office assistant? Describe any eight functions of office assistant in brief. [2+8] 15. Define multinational company and explain its major features. (2+8) 16. Following cash and banking transactions are given: February 1 Cash in hand Rs 60000 and cash at bank Rs. 50,000 February 4 Sold goods for cash Rs. 30,000 February 8 Received a cheque of Rs 25000 from a debtor for sale of goods. February 10 Paid house rent Rs. 15000 by cheque. February 20 Deposited cash Rs. 15000 into bank. February 24 Cash Rs. 5000 withdrawn from bank for personal use. February 28 Paid to Sabita Rs. 17,000 and received discount Rs. 3,000 February 29 Paid employees’ salary Rs. 20,000 by cheque. [10] Required: Cash book with cash and bank column. Ans : Cash balance Rs.58,000, Bank balance Rs. 50,000 302 Office Management and Accountancy

Set 5 Group A Answer the following questions in one sentence: [5×1=5] 1. Give any two examples of government business office. 2. What is the main slogan of cooperatives? 3. State the types of discount. 4. Under which act partnership business is registered in Nepal? 5. What is meant by Terij and Berij in Syaha Sresta Pranali? Group B Give short answer of the following questions: [8×5=40] 6. Explain the different grades of office assistant. [5] 7. What is record keeping? Write any four objectives of record keeping. [1+4] 8. Define double entry system and write its four advantages and four disadvantages. [1+2+2] 9. Why is ledger prepared? Write any four differences between journal and ledger.[1+4] 10. Introduce any five types of partner in partnership business. [5] 11. What is postal service? Explain the methods of sending letter through post office.[1+4] 12. Write in short about Faram Sresta Pranali and Bhuktani Sresta Pranali in government accounting. [2.5+2.5] 13. Prepare a trial balance of Supriya Enterprises, Kathmandu from the following particulars as on 31st Dec 2016: [5] Opening stock Rs. 30,000 Capital Rs. 2,00,000 Purchases 2,50,000 Reserve fund 1,00,000 Sales 4,00,000 Commission received 40,000 Furniture & fixture 4,00,000 Depreciation 60,000 [Ans : Total Rs. 7,40,000] Group C Give long answer of the following questions: [3×10=30] 14. Define subsidiary books and explain its types in brief. (2+8) 15. Record the following transactions in the journal book of a trader : 2073/10/01 Started business with cash Rs. 1,80,000 and bank balance Rs. 70,000. 2073/10/05 Bought goods of Rs. 30,000 at 10% discount. 2073/10/10 Sold trading goods for Rs. 25.000 at 5% discount and received cheque for the same. 2073/10/17 Purchased computer from computer House Putalisadak for Rs. 50,000 and made partial payment of Rs, 30,000 by cheque. 2073/10/23 Settled the debtor’s amount by collecting 80% out of total debt Rs. 15,000. 2073/10/24 Payment made to Computer House, Putalisadak by cheque Rs. 18,000 in full settlement. 2073/10/26 Paid for electricity charges Rs 6,000 and telephone bill of Rs. 4,000 by cheque. 2073/10/28 Cash withdrawn from bank Rs. 8,000 for personal use. 2073/10/29 Deposited cash Rs. 10,000 into bank. 16. Prepare a triple column cash book from the above transactions of Q.No 15. [10] Ans: Cash balance Rs. 1,55,000, Bank balance Rs. 37,750 Model Questions Sets 303

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