BCom In Accounting & Finance (BCAF) SEM II 2012 2014 2014 FINANCIAL ACCOUNTANCY Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q1 Rent & Taxes to be allocated in the ratio of area occupied which was 1:2:1
2. Q2 Depreciation to be charged equally
3. Q3 Of the 2 salesmen employed, one worked in Dept. M alone. The other works in Dept H and T. His salary to be allocated equally between Dept. H and T. Salary of each
4. Q4 All other expenses except those mentioned above, be allocated in the ratio of the respective departments firm has two departments X and Y. from the following figures prepare the departmental trading and profit and loss account for the year ended December, 2002. (15) Rent and rates 5,000 Interest on bank loans 2,400 occupied by the two departments is in the ratio of 2: 1. General salaries are be Insurance premium is for a comprehensive policy, allocation being inconvenient. Closing x Q-2 The Tata tea Itd. Simla is having one of its branches at pune. Goods are invoiced to the branch at 20% profit on sale. Branch has been instructed to send all cash daily to the head office. All expenses are paid by the head office petty expenses which are met by the branch manager. From the following particulars Prepare the necessary accounts in the books of Tata tea Ltd. For the year 2003.(15) Cash in hand 400 Transaction during the tear : Goods send the branch (invoice price) 80,000 Goods return to the hand office 1,000 Goods return by the debtors 480 Cash received from debtors 30,000 Discount allowed to debtors 30 Expenses paid by the head office 4 Petty expenses paid by branch manager 250 Depreciation is to be provided on branch furniture @ 10% p.a Stock on December , 2003 at invoice price 14,000 You are further informed that, under the instructions from head office, Pune branch paid Rs. 10,000 to one of the head office creditor Q — 2 Mandar chemicals (p) Itd. Has a branch at patna. Goods are invoiced to the branch at cost Plus 30%. From the following details prepare branch account. (15) Stock on 1-1-2003 26,000 | Goods returned to H.O canned by CamScanner

Read from the scan above, so a character or two may differ. The scan is the original.