University Of Pune Question Paper
B. Sc. (Hospitality Studies) (Semester - III) Examination - 2012
BASIC PRINCIPLES OF ACCOUNTING
(New 2008 Pattern)
Time : 3 Hours] [Max. Marks : 70
Instructions :
(1) Attempt any six including Q. No. 1 which is compulsory.
(2) Figures to the right indicate full marks.
(3) Use of pocket calculator is allowed.
Q.l) Following is the Trial Balance of Hotel Angat as on 31st March 2012 :
Debit Balances Rs. Credit Balances Rs.
Machinery 5,00,000 Bank Overdraft 1,05,000
Goodwill 1,20,000 Capital 14,20,000
Printing and Stationery 40,000 Creditors 1,40,000
Bank Balance 1,40,000 Sales 20,58,000
Stock as on 1-4-2011 2,95,000 Bills Payable 32,000
Carriage 30,000 Interest on Investment 50,000
Vehicle 2,80,000 Return Inward 5,000
Salary 1,50,000
Purchases 9,04,000
Discounts 12,500
[4283]-305 1 P.T.O.
Seat
No.
[4283]-305 2 Contd.
Debit Balances Rs. Credit Balances Rs.
Bad Debts 7,500
Rent paid 36,000
Insurance 75,000
Building 4,50,000
Wages 55,000
Carriage Outward 22,000
Trade Expenses 15,350
Returns Outwards 8,000
Drawings 1,05,000
Advertisement 92,000
Debtors 85,000
General Expenses 32,000
Cash 5,650
Furniture 3,50,000
Total Rs. 38,10,000 Total Rs. 38,10,000
Adjustments :
(1) Closing Stock was valued at Rs. 1,25,000.
(2) Charge Depreciation on Building @ 2.5%, Machinery @10% and
Vehicle @ 15%.
(3) Staff Meals amounted to Rs 15,000.
(4) Outstanding Expenses were Wages Rs. 6,000, Salary Rs. 15,000.
(5) Prepaid Insurance Rs. 12,500.
Prepare Trading Account, Profit and Loss Account for the year ended
31st March, 2012 and Balance Sheet as on that date. [20]
Q.2) Write short notes : (Any Two) [10]
(a) Realisation Concept
(b) Balancing of Ledger
(c) Principles of Double Entry System of Book-keeping
Q.3) Journalise the following transactions in the books of M/s. Mithun &
Co. : [10]
July 1 Started business with cash of Rs. 15,00,000 out of which
Rs. 3,00,000 were borrowed from bank.
July 3 Purchased Machinery from Bhimrao Traders of Rs. 50,000
and paid Rs. 1,000 for its Transportation.
July 7 Purchased Furniture of Rs. 1,20,000 from M/s. Manisha
Traders.
July 10 Sold goods of Rs. 30,000 for cash payment received by
cheque.
July 15 Withdrawn goods of Rs. 3,000 for his personal use.
July 19 Purchased Stationery of Rs. 3,000 and paid Rs. 15,000
by cheque for Insurance.
July 22 Goods of Rs. 5,000 were distributed as free samples.
July 24 Meena sold goods to us of Rs. 20,000 @ 10% Trade
Discount and 5% Cash Discount Terms.
July 26 Goods of Rs 15,000 were destroyed by Fire and Insurance
Company admitted a claim of Rs 12,500.
Q.4) (A) Write one word or phrase or term for the following : [05]
(a) Statement prepared to check the difference between Cash
and Bank Balance.
(b) Cash paid by Front Office of a Hotel on behalf of guest.
(c) Explanation written below a journal entry.
(d) An amount received by petty cashier to make the balance
equivalent to imprest account for his Petty Cash Book.
(e) Account of the Proprietor.
[4283]-305 3 P.T.O.
(B) Classify the following accounts into personal, real and nominal : [05]
(a) Copy Rights
(b) Prepaid Insurance
(c) Rent Received
(d) Capital
(e) Carriage Outward
Q.5) Enter the following in an Analytical Petty Cash Book maintained on
Imprest System : [10]
Aug. 1 Cash in hand Rs 250.
Aug. 1 Received a cheque from head cashier of Rs. 1,900.
Aug. 3 Paid for Postage Rs. 130 and for Sundry Expenses Rs. 75.
Aug. 4 Paid Conveyance to Manager Rs. 55.
Aug. 12 Paid to Vivek Rs. 110.
Aug. 14 Purchased Stationery of Rs. 95.
Aug. 19 Send Telegram to Mr. Mehra Rs. 35.
Aug. 20 Paid Coolie Charges Rs. 80.
Aug. 26 Received from sale of old news paper and magazine
Rs. 220.
Aug. 27 Paid for Printing Bill Rs. 170.
Aug. 30 Paid for Local Charity Rs. 250.
Q.6) Answer the following : [10]
(a) Give two or three examples each of Capital and Revenue
Expenditure.
(b) Distinguish between Trade Discount and Cash Discount.
[4283]-305 4 Contd.
Q.7) (A) From the following prepare Special Functions Day Book : [05]
Feb. 1 Bill No. 215, Private Birthday Party 120 covers @
Rs. 250 per cover, Wine and Tobacco Rs. 2,350,
Account to Mrs. Rajashri Mohite.
Feb. 7 Bill No. 121, Wedding Reception Party 350 covers @
Rs. 325 per cover, Wine and Tobacco Rs. 5,950,
Account to Mr. Sagar.
Feb. 14 Lunch on Party of Lakhani 220 covers @ Rs. 475 per
cover, Wine and Tobacco Rs. 12,790, Account to
Mr. Rushab Manager, Bill No. 499.
Feb. 23 Bill No. 535 Gathering of Junior College 275 covers
@ Rs. 120 per cover, Account to Ms. Gitika Secretary.
(B) From the following prepare a Trial Balance of Mrunal Traders
as on 31st March, 2009 : [05]
Rs. Rs.
Capital 1,00,000 Discount Allowed 500
Drawings 7,000 Discount Received 200
Cash 5,000 Creditors 10,000
Bank Overdraft 8,000 Debtors 4,000
Salary 16,000 Building 55,000
Purchases 20,000 Furniture 22,700
Sales 24,000 Opening Stock 11,400
Power and Fuel 600
Q.8) Answer the following : (Any Two) [10]
(a) What is Contra Entry ? Explain with the help of example.
(b) Give the Classification of Accounts.
(c) State the reasons for Sending Debit Note and a Credit Note.
B. Sc. (Hospitality Studies) (Semester - III) Examination - 2012
BASIC PRINCIPLES OF ACCOUNTING
(New 2008 Pattern)
Time : 3 Hours] [Max. Marks : 70
Instructions :
(1) Attempt any six including Q. No. 1 which is compulsory.
(2) Figures to the right indicate full marks.
(3) Use of pocket calculator is allowed.
Q.l) Following is the Trial Balance of Hotel Angat as on 31st March 2012 :
Debit Balances Rs. Credit Balances Rs.
Machinery 5,00,000 Bank Overdraft 1,05,000
Goodwill 1,20,000 Capital 14,20,000
Printing and Stationery 40,000 Creditors 1,40,000
Bank Balance 1,40,000 Sales 20,58,000
Stock as on 1-4-2011 2,95,000 Bills Payable 32,000
Carriage 30,000 Interest on Investment 50,000
Vehicle 2,80,000 Return Inward 5,000
Salary 1,50,000
Purchases 9,04,000
Discounts 12,500
[4283]-305 1 P.T.O.
Seat
No.
[4283]-305 2 Contd.
Debit Balances Rs. Credit Balances Rs.
Bad Debts 7,500
Rent paid 36,000
Insurance 75,000
Building 4,50,000
Wages 55,000
Carriage Outward 22,000
Trade Expenses 15,350
Returns Outwards 8,000
Drawings 1,05,000
Advertisement 92,000
Debtors 85,000
General Expenses 32,000
Cash 5,650
Furniture 3,50,000
Total Rs. 38,10,000 Total Rs. 38,10,000
Adjustments :
(1) Closing Stock was valued at Rs. 1,25,000.
(2) Charge Depreciation on Building @ 2.5%, Machinery @10% and
Vehicle @ 15%.
(3) Staff Meals amounted to Rs 15,000.
(4) Outstanding Expenses were Wages Rs. 6,000, Salary Rs. 15,000.
(5) Prepaid Insurance Rs. 12,500.
Prepare Trading Account, Profit and Loss Account for the year ended
31st March, 2012 and Balance Sheet as on that date. [20]
Q.2) Write short notes : (Any Two) [10]
(a) Realisation Concept
(b) Balancing of Ledger
(c) Principles of Double Entry System of Book-keeping
Q.3) Journalise the following transactions in the books of M/s. Mithun &
Co. : [10]
July 1 Started business with cash of Rs. 15,00,000 out of which
Rs. 3,00,000 were borrowed from bank.
July 3 Purchased Machinery from Bhimrao Traders of Rs. 50,000
and paid Rs. 1,000 for its Transportation.
July 7 Purchased Furniture of Rs. 1,20,000 from M/s. Manisha
Traders.
July 10 Sold goods of Rs. 30,000 for cash payment received by
cheque.
July 15 Withdrawn goods of Rs. 3,000 for his personal use.
July 19 Purchased Stationery of Rs. 3,000 and paid Rs. 15,000
by cheque for Insurance.
July 22 Goods of Rs. 5,000 were distributed as free samples.
July 24 Meena sold goods to us of Rs. 20,000 @ 10% Trade
Discount and 5% Cash Discount Terms.
July 26 Goods of Rs 15,000 were destroyed by Fire and Insurance
Company admitted a claim of Rs 12,500.
Q.4) (A) Write one word or phrase or term for the following : [05]
(a) Statement prepared to check the difference between Cash
and Bank Balance.
(b) Cash paid by Front Office of a Hotel on behalf of guest.
(c) Explanation written below a journal entry.
(d) An amount received by petty cashier to make the balance
equivalent to imprest account for his Petty Cash Book.
(e) Account of the Proprietor.
[4283]-305 3 P.T.O.
(B) Classify the following accounts into personal, real and nominal : [05]
(a) Copy Rights
(b) Prepaid Insurance
(c) Rent Received
(d) Capital
(e) Carriage Outward
Q.5) Enter the following in an Analytical Petty Cash Book maintained on
Imprest System : [10]
Aug. 1 Cash in hand Rs 250.
Aug. 1 Received a cheque from head cashier of Rs. 1,900.
Aug. 3 Paid for Postage Rs. 130 and for Sundry Expenses Rs. 75.
Aug. 4 Paid Conveyance to Manager Rs. 55.
Aug. 12 Paid to Vivek Rs. 110.
Aug. 14 Purchased Stationery of Rs. 95.
Aug. 19 Send Telegram to Mr. Mehra Rs. 35.
Aug. 20 Paid Coolie Charges Rs. 80.
Aug. 26 Received from sale of old news paper and magazine
Rs. 220.
Aug. 27 Paid for Printing Bill Rs. 170.
Aug. 30 Paid for Local Charity Rs. 250.
Q.6) Answer the following : [10]
(a) Give two or three examples each of Capital and Revenue
Expenditure.
(b) Distinguish between Trade Discount and Cash Discount.
[4283]-305 4 Contd.
Q.7) (A) From the following prepare Special Functions Day Book : [05]
Feb. 1 Bill No. 215, Private Birthday Party 120 covers @
Rs. 250 per cover, Wine and Tobacco Rs. 2,350,
Account to Mrs. Rajashri Mohite.
Feb. 7 Bill No. 121, Wedding Reception Party 350 covers @
Rs. 325 per cover, Wine and Tobacco Rs. 5,950,
Account to Mr. Sagar.
Feb. 14 Lunch on Party of Lakhani 220 covers @ Rs. 475 per
cover, Wine and Tobacco Rs. 12,790, Account to
Mr. Rushab Manager, Bill No. 499.
Feb. 23 Bill No. 535 Gathering of Junior College 275 covers
@ Rs. 120 per cover, Account to Ms. Gitika Secretary.
(B) From the following prepare a Trial Balance of Mrunal Traders
as on 31st March, 2009 : [05]
Rs. Rs.
Capital 1,00,000 Discount Allowed 500
Drawings 7,000 Discount Received 200
Cash 5,000 Creditors 10,000
Bank Overdraft 8,000 Debtors 4,000
Salary 16,000 Building 55,000
Purchases 20,000 Furniture 22,700
Sales 24,000 Opening Stock 11,400
Power and Fuel 600
Q.8) Answer the following : (Any Two) [10]
(a) What is Contra Entry ? Explain with the help of example.
(b) Give the Classification of Accounts.
(c) State the reasons for Sending Debit Note and a Credit Note.
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