BA Culinary Arts SEM IV 2022 2023 March 2023 HOSPITALY FINANCIAL ACCOUNTING Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q1 A. Multiple Choice Question 10 marks
   • 1) According to concept business hall go on for a long time t 2) According to concept, every business transaction has two aspects
   • 3) According to concept revenue is recognized when it is earned
   • 4) According to convention, while preparing, planning anticipate losses
   • 5) Customs and traditions which guides the accountant o prepare the accounting
   • 6) According to the concept, assets are recorded at a price paid to acquire
   • 7) Goods returned to suppliers should be accompanied by
   • 8) Receipt is issued for
   • 9) documents are prepared when the good are sold on credit type of Cheque the amount is credited to the payee’s account in the bank
2. Q1 B. State whether the following statement are true or false 5 marks
   • 1. Under “Account Payee” cheque bank credits the amount to the account of payee
   • 2. Pev-in-slip is used by the account holder for depositing cash/ cheque in the bank
   • 3. Cash column of cash book can never have zero balance
   • 4. An entry recorded on both sides of cash book is known as contra entry
   • 5. Credit purchase of machinery is recorded in the Proper
3. Q2 the following (any 3) 15 marks
   • 1) Journalise the following transaction in the books of Ms LAXMAN Purchase goods from Mona Rs.35,000 Deposited cash into Kotak Bank Rs. 10000 March 10 Sold goods to Kartik Rs. 48,000
   • 2) Record the following transaction in the Simple cash book Mr AMIT for the mouth of Cash in hand 1000 Received cash on account from Gopal 4000
   • 3) State whether the following is CAPITAL EXPENDITURE or REVENUE
   • A) Import duty on raw material purchase
   • B) Salary paid to the Staff
   • C) White washing of the factory of building
   • D) Purchase kitchen equipment for hotel
   • E) Amount spent on Uniform of worker
   • 4) What is Journal? State importance of Journal
   • 5) Define: a) Asset b) Nominal A/C e) Goodwill
4. Q3 Answer the following (any 3) 15 marks
   • 1) From the following Balance of M/S Smita Trader . You are required to prepare TRADING ACCOUNT for the year ended March 2022 Power and fuel
   • 2) From the Balance sheet of MR.ABHISHEK, You are required to prepare Profitand loss Account for the year ended 3 March 2023

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