University Of Pune Question Paper
B.Sc. (Hospitality Studies) (Semester – III) Examination, 2014
305 : BASIC PRINCIPLES OF ACCOUNTING
(2008 Pattern)
Time : 3 Hours Max. Marks : 70
N.B. : 1) Attempt any six questions including question no. 1 which is
compulsory.
2) Figures to the right indicate full marks.
3) Use of pocket calculator is allowed.
1. Following is a Trial Balance of Amit Caterers as on 31st March 2013. 20
Trial Balance
Debit Balances Credit Balances
Stock 40,000 Capital 5,00,000
Kitchen Equipments 1,70,000 Sales 3,75,000
Cash 2,000 Creditors 1,30,000
Debtors 20,000 Returns outward 15,000
Stationery 65,000 Commission 12,000
Purchases 2,20,000 Interest 18,000
Advertisement 62,000
Utensils 1,10,000
Furniture 35,000
Vehicles 70,000
Glass and China 45,000
Wages 52,000
Carriage 12,000
Drawings 50,000
Bank Balance 38,000
Gas and Fuel 30,000
Bad debts 4,000
Investments 25,000
Total 10,50,000 Total 10,50,000
Adjustments :
1) Closing Stock was valued at Rs. 65,000.
2) Depreciate Furniture @ 5%, Kitchen Equipments @ 10%, Vehicles @ 15% and Glass,
China was revalued at Rs. 38,000.
Seat
No.
P.T.O.
[4678] – 305 -2-
3) Outstanding wages Rs. 8,000.
4) Accrued Commission Rs. 18,000.
Prepare Trading A/c, Profit and Loss A/c for the year ended 31st March 2013 and a Balance
Sheet as on that date.
2. Write short notes on (any two) : 10
a) Utility of Journal.
b) Going concern concept.
c) Contra Entry.
3. From the following information prepare Narendra’s A/c in the books of Amit Shah. 10
June 1 Amount due from Narendra Rs. 70,350.
June 4 Sold goods to Narendra of Rs. 30,000 @ 10% trade discount and 5% cash discount
terms within one month.
June 11 Purchased furniture from Narendra of Rs. 75,000 and paid rd
3
1 amount by cheque.
June 22 Received from Narendra Rs. 50,000 and allowed him discount of Rs. 350.
July 4 Received
rd
3
1 of the amount due from Narendra against goods sold to him on
June 4th and allowed him discount as per terms decided on June 4th.
July 12 Delivered the goods to Virendra of Rs. 40,000 on behalf of Narendra.
July 20 Paid by Cheque to Narendra for furniture purchased from him on June 11th.
July 26 Narendra purchased goods from Amit Shah of Rs. 30,000 on credit.
4. a) Explain the following terms. 5
Voucher, Transaction, V.P.O., Account, Journal.
b) State whether the following are capital or Revenue Expenditure. 5
i) Expenses incurred to obtain Licence for starting Bar in a hotel
ii) Repairs to purchases of second hand furniture
iii) Labour welfare expenses
iv) Wages spent on installation of machinery
v) Legal fees paid to acquire hotel building.
5. Prepare an analytical petty cash book maintained on Imprest system. An imprest amount is
Rs. 2,000. 10
2014
July 1 Cash in hand Rs. 570
July 1 Received float amount by cheque from head cashier to make up the imprest.
July 2 Purchased postal stamps Rs. 250
July 5 Paid for stationery Rs. 120
-3- [4678] – 305
July 9 Paid for carriage Rs. 210
July 12 Paid to Mohan Rs. 450
July 15 Repairs to furniture Rs. 370
July 19 Paid for conveyance Rs. 205
July 24 Received from sale of scrap Rs. 290
July 26 Paid for printing charges Rs. 325
6. Answer the following. 10
a) Why are business and proprietor of business treated as two separate entities ?
b) Explain the objectives of Hotel Accounting.
7. a) Prepare a Trial Balance as on 31 March 2011 5
Particulars Particulars
Capital 1,20,000 Sales 2,25,000
Purchases 83,000 Machinery 2,12,000
Audit fees 35,000 Stock 20,000
Bills payable 50,000 Investments 1,25,000
Loan from Bank 1,40,000 Drawings 60,000
b) From the following prepare necessary subsidiary books of Rajendra Furnitures. 5
2014
June 1 Sold 25 chairs @ Rs. 550 per chair to Neeta Travels @ 10% trade discount.
Invoice No. 415.
June 7 Purchased goods of Rs. 10,000 @ 10% trade discount and 7% cash discount
from Virendra Bill No. V-1134.
June 14 Sold one dining table for Rs. 6,450 and six chairs @ Rs. 300 per chair to Meen @
5% cash discount within one month. Invoice No. 423.
June 21 Neeta Travels returned two chairs which were damaged in transit. Credit Note
No. 149
June 28 Sold furniture worth Rs. 12,000 @ 10% trade discount to Vikrant Sales Invoice
No. 438.
8. Distinguish between (any two) : 10
a) Trade Discount and Cash Discount.
b) Debit Note and Credit Note.
c) Trial Balance and Balance Sheet.
——————
B.Sc. (Hospitality Studies) (Semester – III) Examination, 2014
305 : BASIC PRINCIPLES OF ACCOUNTING
(2008 Pattern)
Time : 3 Hours Max. Marks : 70
N.B. : 1) Attempt any six questions including question no. 1 which is
compulsory.
2) Figures to the right indicate full marks.
3) Use of pocket calculator is allowed.
1. Following is a Trial Balance of Amit Caterers as on 31st March 2013. 20
Trial Balance
Debit Balances Credit Balances
Stock 40,000 Capital 5,00,000
Kitchen Equipments 1,70,000 Sales 3,75,000
Cash 2,000 Creditors 1,30,000
Debtors 20,000 Returns outward 15,000
Stationery 65,000 Commission 12,000
Purchases 2,20,000 Interest 18,000
Advertisement 62,000
Utensils 1,10,000
Furniture 35,000
Vehicles 70,000
Glass and China 45,000
Wages 52,000
Carriage 12,000
Drawings 50,000
Bank Balance 38,000
Gas and Fuel 30,000
Bad debts 4,000
Investments 25,000
Total 10,50,000 Total 10,50,000
Adjustments :
1) Closing Stock was valued at Rs. 65,000.
2) Depreciate Furniture @ 5%, Kitchen Equipments @ 10%, Vehicles @ 15% and Glass,
China was revalued at Rs. 38,000.
Seat
No.
P.T.O.
[4678] – 305 -2-
3) Outstanding wages Rs. 8,000.
4) Accrued Commission Rs. 18,000.
Prepare Trading A/c, Profit and Loss A/c for the year ended 31st March 2013 and a Balance
Sheet as on that date.
2. Write short notes on (any two) : 10
a) Utility of Journal.
b) Going concern concept.
c) Contra Entry.
3. From the following information prepare Narendra’s A/c in the books of Amit Shah. 10
June 1 Amount due from Narendra Rs. 70,350.
June 4 Sold goods to Narendra of Rs. 30,000 @ 10% trade discount and 5% cash discount
terms within one month.
June 11 Purchased furniture from Narendra of Rs. 75,000 and paid rd
3
1 amount by cheque.
June 22 Received from Narendra Rs. 50,000 and allowed him discount of Rs. 350.
July 4 Received
rd
3
1 of the amount due from Narendra against goods sold to him on
June 4th and allowed him discount as per terms decided on June 4th.
July 12 Delivered the goods to Virendra of Rs. 40,000 on behalf of Narendra.
July 20 Paid by Cheque to Narendra for furniture purchased from him on June 11th.
July 26 Narendra purchased goods from Amit Shah of Rs. 30,000 on credit.
4. a) Explain the following terms. 5
Voucher, Transaction, V.P.O., Account, Journal.
b) State whether the following are capital or Revenue Expenditure. 5
i) Expenses incurred to obtain Licence for starting Bar in a hotel
ii) Repairs to purchases of second hand furniture
iii) Labour welfare expenses
iv) Wages spent on installation of machinery
v) Legal fees paid to acquire hotel building.
5. Prepare an analytical petty cash book maintained on Imprest system. An imprest amount is
Rs. 2,000. 10
2014
July 1 Cash in hand Rs. 570
July 1 Received float amount by cheque from head cashier to make up the imprest.
July 2 Purchased postal stamps Rs. 250
July 5 Paid for stationery Rs. 120
-3- [4678] – 305
July 9 Paid for carriage Rs. 210
July 12 Paid to Mohan Rs. 450
July 15 Repairs to furniture Rs. 370
July 19 Paid for conveyance Rs. 205
July 24 Received from sale of scrap Rs. 290
July 26 Paid for printing charges Rs. 325
6. Answer the following. 10
a) Why are business and proprietor of business treated as two separate entities ?
b) Explain the objectives of Hotel Accounting.
7. a) Prepare a Trial Balance as on 31 March 2011 5
Particulars Particulars
Capital 1,20,000 Sales 2,25,000
Purchases 83,000 Machinery 2,12,000
Audit fees 35,000 Stock 20,000
Bills payable 50,000 Investments 1,25,000
Loan from Bank 1,40,000 Drawings 60,000
b) From the following prepare necessary subsidiary books of Rajendra Furnitures. 5
2014
June 1 Sold 25 chairs @ Rs. 550 per chair to Neeta Travels @ 10% trade discount.
Invoice No. 415.
June 7 Purchased goods of Rs. 10,000 @ 10% trade discount and 7% cash discount
from Virendra Bill No. V-1134.
June 14 Sold one dining table for Rs. 6,450 and six chairs @ Rs. 300 per chair to Meen @
5% cash discount within one month. Invoice No. 423.
June 21 Neeta Travels returned two chairs which were damaged in transit. Credit Note
No. 149
June 28 Sold furniture worth Rs. 12,000 @ 10% trade discount to Vikrant Sales Invoice
No. 438.
8. Distinguish between (any two) : 10
a) Trade Discount and Cash Discount.
b) Debit Note and Credit Note.
c) Trial Balance and Balance Sheet.
——————
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