Accountancy NEB 2076 (old course) question paper

On reconciliation of Pass Book and Cash Book the following facts are located: i) Balance as per Cash Book Rs.80,000. ii) Cheque issued but not presented for payment Rs.8,000. iii) Cheque of Rs.10,000 were sent to Bank for collection but cheque of Rs.6,000 only were credited in Pass Book. iv) Interest collected by Bank of Rs.1,000 was not recorded in Cash Book. v) Bank charged commission of Rs.100 debited in Pass Book only. vi) A cheque of Rs.10,000 has been deposited by a debtor but not recorded in Cash Book. Required: Bank reconciliation statement

Following errors were located before preparation of Trial Balance:

• Wages paid of Rs.2,000 for installation of machinery was debited to wages account.
• Goods sold to Raj for Rs.5,000 was wrongly been debited to Saj's account.
• Salary paid to Ram Rs.10,000 was debited to Ram's account. Required: Entries for rectification

An unadjusted Trial Balance of a company is given below:

Following is the Trial Balance of a trader as on 31 Chaitra:

Additional information: a) Closing stock: Rs. 1,60,000 b) Pre-paid insurance: Rs. 1,000 c) Rent due for 2 months. d) Goods worth Rs. 10,000 lost by theft and insurance company admitted the claim Rs. 6,000 only. e) Bad debts Rs. 2,000 and provision for doubtful debts created @10%.

Required: i) Trading Account ii) Profit and Loss Account iii) Balance Sheet

Following transactions relating to machinery are given:

• 2072, Baishakh-1 Machinery purchased Rs. 2,00,000
• 2073, Poush-1 Machinery purchased Rs. 3,00,000
• 2074, Chaitra-31 First machinery sold Rs. 1,55,000 The company charged depreciation @15% on a fixed instalment method and accounts are closed on 31st Chaitra.

Required: Machinery Account from 2072 to 2074

Opening Balance Sheet and Receipt and Payment Account of a Club are given below.

Balance Sheet as on 30th Chaitra 2073

थप जानकारी (Additional information):

• भुक्तानी दिन बाँकी भाडा (Due Rent): Rs. 6,000
• २०७५ को लागि अग्रिम सदस्यता शुल्क प्राप्त Advance subscription received for 2075: Rs. 20,000

तयार गर्नुहोस् (Required): [3+5] i) आय-व्यय खाता (Income and Expenditure Account). ii) ३० चैत्र २०७४ को वासलात (Balance Sheet as on $30^{\mathrm{th}}$ Chaitra 2074).

एउटा व्यापारीले रु. १,८०,००० बाट व्यापार सुरु गर्यो। उसले आफ्नो व्यक्तिगत प्रयोगको लागि प्रति महिना रु. २,००० निकाल्ने गरेको छ। वर्षको अन्त्यमा उसको अवस्था निम्नानुसार छ : A trader commenced business with Rs. 180,000. He used to withdraw Rs. 2,000 per month for his personal use. His position at the end of the year is as under:

• फर्निचर (Furniture) Rs. 1,00,000

• आसामीहरू (Debtors) Rs. 40,000

• साहूहरू (Creditors) Rs. 30,000

• बैंक ऋण (Bank Loan) Rs. 40,000

• मौज्दात (Stock) Rs. 1,40,000

• नगद (Cash) Rs. 40,000

• बैंक ऋणमा ब्याज १०% ले भुक्तानी दिन बाँकी (Interest on Bank Loan due @ 10%)

तयार गर्नुहोस् (Required): [4+4] i) अन्तिम पूँजी रकम देखिने विवरण(Statement of Affairs Showing Closing Capital) ii) नाफा नोक्सान विवरण (Statement of Profit and Loss)

निम्न जानकारी दिइएका छन् (Following informations are provided):

• सुरुको शंकास्पद जगेडा आसामी (Provision for Baddebts) Rs. 10,000
• नउठ्ने आसामी (Baddebts) Rs. 5,000
• आसामी (Debtors) Rs. 60,000
• शंकास्पद आसामीको लागि व्यवस्थाः १०% ले गरिएको Create provision for doubtful debts @ 10%.

तयार गर्नुहोस् (Required): [5] शंकास्पद आसामी प्रावधान खाता (Provision for doubtful debts account).

एउटा सरकारी कार्यालयको कारोबारहरू दिएका छन् : Following transactions of a government office are given:

• 2074-6-2 फर्निचर खरिद गर्न रु. ३०,००० को चेक जारी गरियो A cheque of Rs. 30,000 issued to purchase furniture.
• 2074-6-8 जनकलाई कम्प्युटर खरिद गर्न रु. ४०,००० पेश्की दिइयो Advance given to Janak Rs. 40,000 to purchase computer.
• 2074-6-12 जनकले प्रस्तुत गरेको खरिद बिल अनुसार रु ४५,००० को पेश्की फछ्यौट गरियो Advance of Janak cleared as per bill of Rs. 45,000 submitted by him.
• 2074-6-28 असोज महिनाको तलब वितरण गर्दा क.सं. कोष कट्टी रु. १०,०००, आयकर कट्टी रु. २,००० कट्टा गरी रु ४३,००० को चेक जारी गरियो Issued a cheque of Rs. 43,000 to distribute salary for the month of Asoj after deducting P.F. Rs. 10,000, Income Tax Rs. 2,000.

तयार गर्नुहोस् (Required): [2+2+2+2] गोश्वारा भौचर (Journal Vouchers)

निम्न कारोबारहरू दिएका छन् : Following transactions are given:

• 2074-2-1 बैंक मौज्दात (Balance at Bank) : Rs. 80,000
• 2074-2-5 बैंक आदेश र बजेट निकासा आदेश वापत रु. ४,००,००० प्राप्त Received Bank order and budget release order of Rs. 4,00,000
• 2074-2-12 मेसिनरी खरिदको रु. ६०,००० चेकबाट भुक्तानी दिइयो Issued a cheque of Rs. 60,000 to purchase machinery.

Mention any three features of Double Entry Book-keeping System.

Write in brief about business entity concept with suitable examples.

Clarify the meaning of Trial Balance.

Write the meaning of Reserve and Provision.

Give the meaning of Journal Proper.

Mention any three objectives of Government Accounting System.

State any three differences between governmental and commercial accounting.

Following transactions are given:

• Started business with cash Rs.1,00,000 and furniture Rs.50,000.
• Purchased goods worth of Rs.75,000 on credit.
• Wages paid: Rs.10,000.
• Sold goods costing Rs.20,000 for Rs.25,000. Required:
• Accounting Equation

Following transactions are given:

• Goods sold for cash Rs.50,000 and allowed discount Rs.500.
• Goods purchased from Mr. Khadka for Rs.25,000.
• Cash paid to Mr. Khadka Rs.23,000 in full settlement of his account.
• Salary paid Rs.10,000. Required: i) Journal Entries ii) Khadka's Account

Following sales transactions are given: 1 Jan. Sales to Pande: 100 meters cloth @ Rs.300 per meter 5 Jan. Sales to Rimal: 200 meters silk cloth @ Rs.500 per meter (Trade Discount 10%) 10 Jan. Sales to Ghimire: 300 meters cloth @ Rs.100 per meter Required:

• Sales Book

Following transactions are given: Chaitra-1: Cash in hand Rs.50,000, cash at Bank Rs.60,000.