Accountancy NEB 2076 (old course) question paper

१०. एउटा कम्पनीको शेयरधनीले प्रति शेयर रु.१०० दरका २०० कित्ता शेयरमा अन्तिम किस्ता रु.४० प्रति शेयर नतिरेको हुँदा जफत गरियो । जफत भएका शेयर मध्येमा १०० कित्ता शेयर रु.८० प्रति शेयरमा पुनः जारी गरियो । A company forfeited 200 shares of Rs.100 each of a shareholder for non payment of final call of Rs.40 per share. Of the forfeited share, 100 shares were issued at Rs.80 per share.

तयार गर्नुहोस् (Required):- शेयर जफत, पुनःनिष्कासन तथा रकमान्तर भौचर Journal entries for forfeiture, re-issue and transfer.

११. पि कम्पनी लि. को निम्न सम्पत्ति तथा दायित्वहरूलाई डि.कम्पनी लि.ले स्वीकार गर्यो: D co. Ltd. accepted the following assets and liabilities of P co. Ltd.:

• फर्निचर (Furnitures): Rs.50,000
• मेशिनरी (Machinery): Rs.60,000
• विविध साहुहरू (Sundry creditors): Rs.30,000
• प्राप्य बिल (Bills receivable): Rs.15,000
• विविध आसामीहरू (Sundry debtors): Rs.15,000
• सामग्री मौज्दात (Inventories): Rs.25,000
• खरीद मूल्य रु.१,८०,००० चुक्ता गर्न डि कम्पनी लि. ले १०% छुट सहित रु.१०० दरका शेयरहरू जारी गर्यो । D company paid the purchase price of Rs. 1,80,000 by issuing shares of Rs. 100 each at a discount of 10%.

तयार गर्नुहोस् (Required): व्यवसाय खरीदका भौचरहरू Entries for purchase of business.

A company Ltd. issued 8,000, 10% debentures at a discount of 10% and redeemable after 5 years at a premium of 5%. Required: Entries for issue and redemption of debentures.

The Trial balance of a limited company as on 31st Chaitra, 2074 is given below:

Additional information:

• 5% depreciation to be charged on furniture
• Prepaid wage Rs.6,000
• General expenses payable Rs. 5,000
• Proposed dividend 20% on share capital

Required: i) Adjusting entries ii) Work sheet

१४. ABC कम्पनीको ३१ डिसेम्बर २०१७ को निम्न सन्तुलन परीक्षण दिइएको छ: The following trial balance of ABC company for the year ending 31st December, 2017 is given:

थप जानकारी (Additional information):

• अन्तिम मौज्दात (Closing stock): Rs.80,000
• आसामीमा खराब ऋण कट्टी (Baddebt written off on debtor): @5%
• तिर्न बाँकी तलब (Outstanding salaries): Rs.30,000
• नकमाइएको कमिशन (Unearned commission): Rs.10,000
• प्रस्तावित लाभांश (Proposed dividend): @10%

निम्न विवरणहरू उपलब्ध छन्: (Following details are available): पुन: आदेश तह (Re-order level): 6,000 units न्यूनतम खपत (Minimum consumption): 400 units पुन: आदेश अवधि (Re-order period): 10 to 30 days अधिकतम मौज्दात तह (Maximum stock level): 10,000 units तयार गर्नुहोस् (Required): पुन: आदेश परिमाण (Re-order quantity)

निम्न जानकारीहरू दिइएका छन्: The following informations are given: औसत प्रति घन्टा ज्याला दर (Normal wages rate per hour): Rs.200 प्रति एकाई उत्पादन गर्न लाग्ने औसत समय (Normal time per unit): 30 minutes श्रमिकबाट उत्पादित परिमाण (Output produced by a worker): 40 units तयार गर्नुहोस् (Required):- कार्यदर प्रणाली अनुसार श्रमिकको ज्याला Wages of a worker by using piece rate system

गत महिनाको लागत सम्बन्धी विवरण निम्नानुसार छ: The information regarding the cost records of the last month is as under: प्रत्यक्ष सामग्री खपत (Direct materials consumption) Rs.2,50,000 प्रत्यक्ष श्रम लागत (Direct labour cost) Rs.2,50,000 कारखाना अप्रत्यक्ष खर्च (Factory overhead) Rs.3,00,000 प्रशासनिक अप्रत्यक्ष खर्च (Office overhead) Rs.2,00,000 अन्य अप्रत्यक्ष खर्चहरू निम्नानुसार विलय गरिने छ: Overheads are to be allocated as under:

• कारखाना खर्च: प्रत्यक्ष श्रम लागतको आधारमा Factory overhead: on the basis of direct labour cost
• प्रशासनिक खर्च: कारखाना लागतको आधारमा Administrative overhead: on the basis of factory cost टेन्डर पेश गर्नको लागि निम्नानुसार लागत अनुमान गरियो: Following costs estimation were made for submitting the tender:
• प्रत्यक्ष सामग्री (Direct material): Rs.1,25,000
• प्रत्यक्ष श्रम (Direct labour): Rs.80,000
• नाफा (Profit): 20% of sales

On reconciliation of Financial and Cost Accounting, following informations were disclosed: i) Profit shown by Cost Account Rs.80,000 ii) Works overhead under recovered in Cost Account Rs.5,000 iii) Office overhead under recovered in Financial Account Rs.10,000 iv) Depreciation under charge in Cost Account Rs.6,000 v) A profit on sale of fixed assets was shown on Financial Account Rs.5,000

Required: Reconciliation of Cost and Financial Account.

Mention any three characteristics of the company.

Write in brief about memorandum of association

State any three limitations of financial statement analysis.

Write the meaning of working capital.

Clarify the meaning of cost accounting stating its any two objectives.

Classify cost on the basis of element.

State any two differences between time wage system and piece wage system.

State any three objectives of stores control.

The following informations are provided regarding the shares:

• 20,000 applications were received on the issued of 10,000 ordinary shares of Rs.100 each at a premium of 10%.
• The shares were issued payable as under:
  • On applications: Rs.30 per share
  • On allotment: Rs.40 per share
• प्रथम तथा अन्तिम किस्तामा (On first and final call): Rs.40 per share
• बाँडफाँड निम्नानुसार गरियो: (Allotment were made as under:)
  • ४,००० आवेदकलाई (4,000 Applicants): पूरै (Full)
  • ४,००० आवेदकलाई (4,000 Applicants): शून्य (Nil)
  • १२,००० आवेदकलाई (12,000 Applicants): 6,000
• सबै किस्ताको रकम माग गरियो र प्राप्त भयो । एकजना शेयरधनीले ५०० कित्ता शेयरको सम्पूर्ण रकम बाँडफाँडसँगै चुक्ता गरे । All calls were made and duly received. On allotment a shareholder holding 500 shares paid the full value of shares.

तयार गर्नुहोस् (Required): शेयर आवेदन, शेयर बाँडफाँड तथा अन्तिम किस्ताका भौचरहरू Journal entries for application, allotment and final call.

Following informations are given:

• Debtors: Rs.40,000
• Creditors: Rs.80,000
• Debtors turnover ratio: 10 times
• Cash balance: Rs.24,000
• Closing stock: Rs.96,000
• Gross profit: Rs.80,000
• Net profit: Rs.50,000

Required: i) Current Ratio [1] ii) Quick Ratio [1] iii) Sales Amount [1] iv) Gross Profit Ratio [1] v) Net Profit Ratio [1]

The following informations are provided:

• Patent written off: Rs.10,000
• Purchase of fixed assets: Rs.2,00,000
• Sales of fixed assets: Rs.15,000
• Depreciation on fixed assets: Rs.90,000
• Issue of share capital: Rs.2,00,000
• Net profit of the year: Rs.1,80,000
• Profit on sale of fixed assets: Rs.6,000

Required: i) Funds from operation [3] ii) Funds Flow Statement [2]

Required: Stores ledger under First-in First-out Method.