munotes®
Sign in
Home / Question Papers / BCom / FY Bcom / Sem 2 / BCom Sem 2 (2019 2020) / Nov 2020 - ATKT ACCOUNTS

BCom FY BCom Sem 2 BCom Sem 2 (2019 2020) Nov 2020 ATKT ACCOUNTS Question Paper - Mumbai University | munotes

BCom Sem 2 (2019 2020) Question Paper, Nov.pdf
FY BCOM · 1.4 MB · 1 May 2025

Loading PDF...

Older exam Nov 2020 - ATKT BUSINESS COMMUNICATION Semester-end · BCom sem 2 (2019 2020) →
Newer exam None yet: this is the latest New papers land after each exam season.

Questions asked in this paper

  1. Q1 a) State whether the following is True or False (any 10):- ‘1) Under Stock & Debtors method, Branch Stock A/c is opened in order to ascertain net profit/ loss of 10 marks
    • 2) Del credere commission is always allowed on credit sale
    • 3) Ifconsignee gets Del credere commission, the consignor will bear the Bad debts
    • 4) Trial balance is prepared under single entry system in order to verify arithmetical accuracy of the
    • 5) In single system, credit sales are recorded only in the Debtors A/c but no sales register is
    • 6) Taily is simple, easy to setup and use
    • 7) Tally allows the user to multiple companies & with unlimited levels of classification &
    • 8) Under the Stock n Debtors Branch stock A/c is a Real A/c
    • 9) The consignee acts as the agent of the consignor for supply of goods
    • 10) All expenses incurred by the consignee are credited to his A/c
    • 11) Goods transferred from H.O to branch are debited to branch stock A/c
    • 12) In fire insurance , Loss = closing stock — salvage
  2. Q1 a)Match the following Columns. (Any 10) 10 marks
    • 1] Credit purchase A] Head office opens a Separate Account for each Branch
    • 3] To select the contra C] Debit to Branch stock A/C
    • 5] Credit Sales E] Prepared by consignee
    • 6] Credit Side of Bills Payable A/C F] Total Debtors A/C
    • 8] Tally suits H] No Entry
    • 9] Branch opening stock I] Any size of Business
    • 10] Relationship between consignor and J] Credit to Branch stock A/C
  3. Q2 You are given: 15 marks
    • (a) Balance sheet of Mr. Ansh On Jan 2018
    • (b) Cash Book of Receipts and Payments during the year
    • (c) Summary of other transaction of 2018 Balance sheet as at Jan 2018 B/P 2000 | Cash at Bank . 4000 Plant and Machinery 4000 Land and Building 6000 Cash Book for the year 2018 To Balance b/d 4000 | By 1300 To Debtors 26,000 | By Wages 1480 By Office Expenses 800 BY Mr. Ansh’s Drawing 3000 Summary of other transaction:
    • 2) Discount Allowed to Debtors Rs.500
    • 3) B/R Received during the year Rs. 8000, B/P given during the year Rs.14,500
    • 4) Stock on 31-12-2018 Rs. 10,000
    • 5) Depreciation Plant and Machinery by Rs.500 and Land and Building by Rs.1000 Prepare Trading and P &L a/c and Balance sheet for 2018
  4. Q2 The following is the summary of Bank A/c of Mr. ‘Adarsh’, a trader for the year 201 Balance 1-1-2017 10,280 | Payment to Creditors 4,75,720 Cash Sale & Receipts on General Expenses 33,940 All business taking had been paid into the Bank except Rs. 42,360. Out of which, Mr. ‘Adarsh’ paid Wages amounting to Rs.25,600. He retained Rs.16,760 for private purposes The following information is obtained from the Books: Stock-in-Trade 48,600 63,000 ‘Amount owing to a customer who had over paid his account 1200 Rent paid in advance 1640 1800 Creditors for General expenses 1620 2680 Prepare Trading and P &L a/c for the year end 31-12- 2017 and Balance sheet as on that date 15 marks
  5. Q3 Mr ‘A’ Consigned goods to his Agent Mr ‘B’ of Rs20,00,000 for sale on consignment Agreement. Consignor Spent Rs50,000 for Freight. Mr ‘A’ received an advance of Rs5,00,000 from Mr ‘B’. Mr ‘B’ Sold the entire quantity of goods for Rs30,00,000 out of which Rs10,00,000 was on credit & Spent Rs20000 on remitted the balance amount to Mr ‘A’ after deducting his Commission @ 10% Prepare necessary Ledger A/C in the book of Consignor 15 marks
  6. Q3 Mr. ‘X’ consigned to his Agent Ms. *Y’ goods worth Rs. 5,00,000. (15 An Account sale was received from Ms. stating that the entire quantity of goods was sold for Rs. 9,50,00 out of which Rs. 2,50,000 was on credit basis. Bad debts were Rs. 25,000 and Ms. spent Rs15,000 for Ms. remitted the balance amount to Mr. ‘A’ by cheque after deducting her commission @ 10% and Del Prepare necessary ledger account in the books of Ms. ‘Y’
  7. Q4 a) Sunil Traders of Mumbai have their Branch at Madras. Prepare the Branch in the books of Head Offic from the following transactions with the Branch: (07) Petty Cash at Branch 25,750 | Amount remitted to the Branch : Stock at Branch 3,60,000 - For Petty Cash Expenses 62,500 at Branch 2,43,250 - For Salary 50,500 Closing Balances : - For Rent and Taxes 20,000 Petty Cash at Branch 13,000 | Amount remitted by the Branch Debtors at Branch 3,61,000 - Cash Sales 88,000 Stock at Branch 1,93,000 - Realisation from Debtors 17,31,000
  8. Q4 b) From the following details prepare Mumbai Branch A/c for SIX month ended 31" Dec, 2018 after Goods sent to Branch 8,10,000 Petty cash sent to Brach 55,000 Branch Expenses paid by Head Office
  9. Q4 Shaurya Trading Co. Goa, invoices goods to its Mumbai Branch at cost which sells on credit as N cash. From the following particulars prepare Branch Stock Account, Branch Debtors Account, Branch Expenses Account. Cash is immediately remitted by Branch to Head Office. Expenses are paid direct by Head Office.(15) Stock at Branch on 1-1-2015 15,120 Goods from Head office 71,000 Goods returned by customers 700 Goods returned to Head Office 600 Stock ai Branch on December 2015 13,900 Debtors on 1" January 2015 26,000 Cash paid by customers 49,200 Discount and commission to customers 2720 Rent Rates and Taxes 7300 Salaries and Wages etc. 1800 QS) Mr. Ram prepares accounts on September each year, but on December 2018 fire destroyed the maximum part of stock. Following information is collected from the books: (15) Purchases from 1-10-2018 to 31-12-18 550000 Wages from 1-10-2018 to 31-12-18 230000 Sales from 1-10-2018 to 31-12-18 120000 The rate of gross profit is 33.33% on cost. Stock to the value of Rs 30000 salvaged. Insurance policy was for Rs. 250000 , Fire fighting expenses Rs 8000 and claim was subject to average clause
  10. Q5 On June 2019 there was a fire in the godown of Bad Luck Ltd. F ollowing details are available from the Purchases from 1-4-2018 to 31-3-19 4,60,000 Purchases from 1-4-2019 to 5-6-19 46,000 Sales from 1-4-2018 to 31-3-19 7,20,000 Sales from 1-4-2019 to 5-6-19 72,000 Wages from 1-4-2018 to 31-3-19 42,800 Wages from 1-4-2019 to 10,400 The salvage amounted to Rs 6,400, company spent Rs 3000 on fire fighting expenses. The sum assured by insurance company was Rs 1,20,000. The bears an average Clause . you are required to compute the claim to be filed with the Insurance company
    • A) Explain in brief consignment and explain accounting procedure 10
    • B) Explain accounting method of Dependent branch 10
  11. Q6 write short note on (any 4) :- 20 marks
    • 1) Debtors Method
    • 2) Consignee
    • 5) Consignor
    • 6) Average clause

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

Report or request

Something wrong on this page? Report it and we will check it against the scan.

Quick Help

No. The full paper opens straight away, with no login and nothing to pay.

Related Resources

BCom Notes BCom Syllabus

Something wrong with this paper? Report it.

Connected Papers
BCom / FY Bcom · 233 papers
Browse all →
Dec 2024 - MATHEMATICAL & STATISTICAL TECHNIQUES I Dec 2024 - ACCOUNTANCY & FINANCIAL MANAGEMENT PAPER I Dec 2024 - BUSINESS COMMUNICATION Dec 2024 - BUSINESS ECONOMICS I Dec 2024 - COMMERCE I Dec 2024 - ENVIRONMENTAL STUDIES I Dec 2024 - FOUNDATION COURSE I Dec 2024 - FOUNDATION COURSE NCC Dec 2024 - FOUNDATION COURSE NSS Nov 2023 - B. COM FOUNDATION COURSE IN NSS Nov 2023 - BUSINESS ECONOMICS 2023 - MATHEMATICAL AND STATISTICAL TECHNIQUES Dec 2023 - BUSINESS COMMUNICATION Dec 2023 - ENVIRONMENTAL STUDIES Nov 2023 - ACCOUNTANCY AND FINANCIAL MANAGEMENT I Nov 2023 - COMMERCE I Nov 2023 - FOUNDATION COURSE IN NCC 1 Nov 2023 - FOUNDATION COURSE Nov 2020 - ATKT ECONOMICS Nov 2020 - BUSINESS ECONOMICS Nov 2020 - BUSINESS COMMUNICATION Nov 2020 - ACCOUNTANCY FINANCIAL MANAGEMENT PAPE Nov 2020 - BUSINESS ECONOMICS Nov 2020 - COMMERCE I Nov 2020 - ENVIRONMENTAL STUDIES Nov 2020 - EVS Nov 2020 - FOUNDATION COURSE (ENG) Nov 2020 - FOUNDATION COURSE Nov 2020 - MATHEMATICAL STATISTICAL TECHNIQUES I Nov 2020 - ACCOUNTANCY AND FINANCIAL MANAGEMENT Dec 2019 - BUS. COMMUNICATION I Nov 2019 - COMMERCE I Mar 2019 - ATKT ACCOUNTANCY FINANCIAL MANAGEMENT PAPER I Mar 2019 - ATKT BUSINESS COMMUNICATION Mar 2019 - ATKT BUSINESS ECONOMICS I Mar 2019 - ATKT COMMERCE I Mar 2019 - ATKT EVS I Mar 2019 - ATKT FOUNDATION COURSE I Mar 2019 - ATKT MATHEMATICAL STATISTICAL TECHNIQUES Nov 2019 - BUSINESS ECONOMICS I Nov 2019 - MATHEMATICAL STATIATICAL TECHNIQUES I Nov 2019 - ACCOUNTANCY FINANCIAL MGT Nov 2018 - FOUNDATION COURSE Nov 2018 - B. COM ACC March 2018 - PAPER I 2018 - FC March 2018 - FC March 2018 - EFFECTIVE COMMUNICATION SKILLS Mar 2018 - EVS March 2018 - BUS. ECONOMICS March 2018 - BUS. COMMUNICATION March 2018 - BUS COMMUNICATION March 2018 - ATKT COMMERCE I Nov 2018 - BUS COMMUNICATION Nov 2018 - BUS. ECONOMICS Nov 2018 - BUS.COMMUNICATION Nov 2018 - BUS.ECONOMICS Nov 2018 - FC Nov 2018 - MATH STAT. TECH Oct 2017 - ATKT BUS.COMMUNICATION March 2017 - ATKT ACCOUNTS Feb 2017 - ATKT ACCOUNTS Feb 2017 - ATKT BUS. COMMUNICATION Feb 2017 - ATKT ECONOMICS Feb 2017 - ATKT ENVIRONMENTAL STUDIES Feb 2017 - ATKT MATHS STAT. TECH Feb 2017 - ATKT COMMERCE Feb 2017 - ATKT FC March 2017 - ATKT BUS.COMMUNICATIN March 2017 - ATKT ECONOMICS March 2017 - ATKT EVS March 2017 - ATKT MATHS Oct 2017 - ATKT ACCOUNTS Oct 2017 - ATKT COMMERCE Oct 2017 - ATKT ECONOMICS Oct 2017 - ATKT EVS Oct 2017 - ATKT FC Oct 2017 - ATKT MATHS STAT March 2017 - FC Sep 2016 - Accounts Sep 2016 - Business Commm Sep 2016 - Business Eco Sep 2016 - Commerce 1 Sep 2016 - F.Y.B.Com Sem 1 E.v.s 2015) Sep 2016 - Sem1 Accounts 2016 - Sem1 Sep 2016 - Sem1 Mathe.stati 2014 - Accounts Oct 2014 - Economics 1 Oct 2014 - Eco 2014 - Sem1 Accounts Oct 2014 - Sem1 Oct 2014 - Sem1 Commerce1 1 Oct 2014 - Sem1 Oct 2014 - Sem1 2014 - Sem1 Evs Oct 2014 - Sem1 F.C 1 Oct 2014 - Sem1 Maths Statistics Oct 2014 - F.Y.B.com Sem 1 E.v.s 2013) Oct 2014 - Sem1 Commerce 1 Oct 2014 - Sem1 Oct 2014 - Sem1 Eco 1 Oct 2014 - Sem1 Maths Statis. 1 Oct 2014 - Accounts 2014 - BC Mar 2014 - Bus.Communication Oct 2014 - Business Communication 13 October 2014 - Business Communication Oct 2014 - Business Economics 2014 - Commerce I 1 Oct 2014 - ES 2014 - Economics 13 Oct 2014 - Evs 2014 - FC Oct 2014 - Foundation Course 13 Oct 2014 - Foundation Course October 2014 - Introduction To Business Oct 2014 - Accountancy Fin Mgmt Mar 2014 - Commerce I 2014 - Commerce 12 Oct 2014 - Commerce1 1 2014 - EVS Mar 2014 - Economics Oct 2014 - Economics 1 Oct 2014 - Environmental Studies March 2014 - Evs 2014 - Evs Mar 2014 - FC
Apr 2023 - ACCOUNTANCY AND FINANCIAL MANAGEMENT II Apr 2023 - BUSINESS COMMUNICATION II Apr 2023 - BUSINESS ECONOMICS II Apr 2023 - COMMERCE Apr 2023 - ENVIRONMENTAL STUDIES Apr 2023 - FOUNDATION COURSE II Apr 2023 - FOUNDATION COURSE II NCC I Apr 2023 - FOUNDATION COURSE II NSS Apr 2023 - MATHEMATICAL AND STATISTICAL TECHNIQUES II 2022-23 - TIME TABLE Apr 2022 - ACCOUNTANCY FIN. MGT Apr 2022 - BUSINESS COMMUNICATION Apr 2022 - COMMERCE Apr 2022 - ECONOMICS Apr 2022 - EVS Apr 2022 - FOUNDATION COURSE Apr 2022 - FOUNDATION COURSE IN NCC Apr 2022 - FOUNDATION COURSE IN NSS II May 2022 - MATHS AND STATS Nov 2020 - ATKT BUSINESS COMMUNICATION Nov 2020 - ATKT COMMERCE Nov 2020 - ATKT COMMERCE Nov 2020 - ATKT ECONOMICS Nov 2020 - ATKT ECONOMICS Nov 2020 - ATKT ENVIRONMENTAL STUDIES Nov 2020 - ATKT EVS Nov 2020 - ATKT FOUNDATION COURSE Nov 2020 - ATKT MATHEMATICAL STATISTICAL TECHN Nov 2020 - ATKT MATHS Nov 2020 - ATKT ACCOUNTS Open Nov 2020 - ATKT FINANCIAL MANAGEMENT May 2019 - Business Economics II May 2019 - COMMERCE II May 2019 - BUSINESS ECONOMICS May 2019 - BUSINESS COMMUNICATION II May 2019 - EVS May 2019 - MATHEMATICS STATISTICAL TECH. II May 2019 - FOUNDATION COURSE Oct 2019 - EVS II Oct 2019 - BUS. ECONOMICS May 2019 - Accountancy Financial Management Paper II April 2018 - ACCOUNTANCY April 2018 - MATHS. STATISTICAL TECH April 2018 - BUS.ECONOMICS II April 2018 - MATHEMATICS April 2018 - ENVIRONMENTAL STUDIES II April 2018 - COMMERCE II Oct 2018 - BUS. COMMMUNICATION Oct 2018 - ACCOUNTANCY FIN. MGT Oct 2018 - EVS Oct 2018 - BUS.ECONOMICS Oct 2018 - FOUNDATION COURSE Oct 2018 - COMMERCE Feb 2017 - ATKT BUS. COMMUNICATION Feb 2017 - ATKT BUS.ECONOMICS Feb 2017 - ATKT COMMERCE April 2017 - COMMERCE April 2017 - ECONOMICS April 2017 - EVS April 2017 - FC April 2017 - FYBCOM SEM II FIN. ACC April 2017 - MATHS Feb 2017 - ATKT ACCOUNTS Feb 2017 - ATKT ENVIRONMENTAL STUDIES Feb 2017 - ATKT MATHS STAT 2017 - ATKT EVS Sep 2017 - ATKT ACCOUNTS Sep 2017 - ATKT BUS. COMMUNICATION Sep 2017 - ATKT COMMERCE Sep 2017 - ATKT ECONOMICS Sep 2017 - ATKT EVS Sep 2017 - ATKT FC Sep 2017 - ATKT MATHS Mar 2015 - Accountancy II Mar 2015 - BC Mar 2015 - EVS Mar 2015 - Economics Mar 2015 - FC II Mar 2015 - Maths Mar 2015 - Service Sector 1 Mar 2014 - ACCOUNTANCY Oct 2014 - Mathematics Statistics 2014 - Matheratics Statistics Term Mar 2014 - Sam 2 Service Sector 1 Mar 2014 - Business Communication Mar 2014 - Business Eco Mar 2014 - Evs 1 Mar 2014 - Foundation Course 1 Mar 2014 - Maths Stats Mar 2014 - Business Commu Mar 2014 - Business Economics Oct 2014 - EVS Mar 2014 - Environmental Studies Oct 2014 - Mathematics Statistics 12 Mar 2014 - Accountancy And Financial Mgt Mar 2014 - Accountancy 12 Mar 2014 - BC Mar 2014 - Business Devlopment 12 Mar 2014 - Com I Mar 2014 - EVS Mar 2014 - Economics 1 Mar 2014 - Economics 12 Mar 2014 - Evs 12 Mar 2014 - FC 12 1 Mar 2014 - Math Stat
Questions? Email contact@munotes.in
Done!
Done!