PAPER CODE

B.B.A DEGREE EXAMINATIONS

II SEMESTER
ACCOUNTING FOR MANAGERS

(CBCS Patterns w.e.f 2015-16)

Time: 3Hrs Max.Marks: 75

(No Additional sheet will be supplied)

SECTION-I - (5 X5=25 Marks)

Answer any five Questions)
Each Question carries 5 Marks)

1. Explain any THREE Accounting Concepts.

2. Define Single entry System and Double entry System.
3. Explain Trade discount and Cash discounts.
4. Explain Contraentry with Examples.
5. Explain FOUR Causes for Disagreement between Cash Book and Pass Book.
6. Explain Errors of Omission and Errors of principle.
7. Explain Depreciation.
8. Explain Pro-forma invoice and Account sales.
9.
SECTION II(510=50)
Answer the following ONE from each unit:

UNIT - I
9.Journalise the following transactions in the books of Venkatesh.
2016,Jan 1.Venkatesh Started Business with Cash Rs. 1,20,000
3. Sold goods to Krishna Rs.45,000
5. Paid Rent Rs.12,000
7. Purchased goods from Gangadhar Rs.25,000
9. Purchased Machinery from Siva Rs.36,000
11. Paid Salaries by Cheque Rs.18,000
13. Cash Deposited into Bank Rs.30,000
16. Purchased goods from Anji for cash Rs. 15,000
17. Received Interest from Rajesh Rs. 4,600
20. Goods taken for personal use Rs.9,000
24. Sold furniture to Vijay Rs. 19,000
(OR)

10. Write Opening entry from the following balances .

Cash in hand Rs. 7,000, Stock Rs.23,000, Debtors Rs.40,000,
Bank overdraft Rs.15,000, Creditors Rs.25,000, Furniture Rs15,000,
Machinery Rs.40,000, Bills Receivable Rs.25,000, Bills Payable Rs.9,000.
 UNIT II

11. Prepare Three column Cash book from the following particulars.
2015, Sep1. Cash in hand Rs.25,800 and Cash at Bank Rs.9,000
3. Sold goods for Cash Rs.12,000
5. Purchase furniture by cheque Rs.5,600
7. Cash Received from Basha Rs.9,800 and Discount allowed Rs.200
9. Cash Deposited into Bank Rs.15,000
12. Cheque issued to Balaram Rs.8,100, Discount Received Rs.150
15. Purchases Rs.6,800.
17. Cheque Received from Hari Rs.6,800, Deposited into Bank on 20th Sep.
22. Cash withdraw from Bank Rs.6,700
25. Paid Insurance Rs. 3,600
27. Cheque Received from Rajesh Rs.6,500, Discount allowed Rs.70.
29. Sold goods to Srinivas for Cash Rs.11,000.

(OR)

12. Prepare B.R.S of KarunakarTraders for the Month ending 31st March 2015.
a) Balance as per Pass book Rs.18,700
b) Cheques deposited into Bank amounted to Rs.9,600 , of which only Rs.5,900 worth of
cheques credited into pass book.
c) A Customer of the Business directly deposited into Bank Rs.5,800.
d) Bank Charges Debited in Pass book only Rs.200
e) Cheques issued on 28th March Worth Rs. 11,400 of which Rs.3,900 worth of cheques
credited in pass book on 4th April 2015.
f) Cheque deposited into Bank Rs.5,600 not entered in Cash book
g) Interest on fixed deposits credited in pass book only Rs.900
h) Bank paid Insurance premium on behalf of customer Rs.5,200.

UNIT III
13. From the following Trial Balance of Ganesh Stores, Prepare Trading, Profit and Loss
Account and Balance Sheet.
Debit balance Rs. Credit balance Rs.
Opening stock 25,000 Capital 1,28,500
Purchases 1,30,500 Sales 2,45,000
Sales returns 3,000 Purchase returns 2,000
Bills receivable 5,000 Reserve for bad & doubtful 1,000
debts
Carriage on purchase 7,500 Bills payable 5,000
Machinery 60,000 Creditors 46,000
Office furniture 3,500
Debtors 70,000
Coal, gas ,water 1,500
Wages 12,500
Clearing expenses 1,500
Office rent 4,800
Printing, stationery 1,000
Insurance 400
Carriage on sales 6,200
Salaries 27,000
Factory rent 2,400
Other expenses 1,290
Drawings 57,000
Cash in hand 1,610
Cash at bank 5,800
4,27,500 4,27,500
Adjustments:A)Value of closing stock Rs. 50,000
B)Outstanding Salaries Rs.4,800, factory rent Rs.2,400.
C)Change interest on capital at 5% p.a.
D)Provide Depreciation on Machinery at 10% p.a.
E) Provide Discount on Creditors at 5%

(OR)

14. Rectify the following Errors.

1. Sold goods to Prakash Rs.26,000, was wrongly Debited in Prabash account.
2. Purchased Machinery Rs.45,000 was debited in Purchase account.
3. Paid Salary to Narendra Rs.18,000 debited in Narendra account.
4. Purchased goods from Vishnu Rs. 16,000 was entered in Sales book
5. Purchase book was under cost by Rs.2,500
6. Sold goods to Muthahar Rs.30,000 was not entered in the books

UNIT IV

15).Hero cycle manufactures from Kadapa sends on consignment 100 cycles to Amaravathiat
Vijayawada. Each cycle costs at Rs.3,000 but invoiced at Rs. 4,000. The consignor paid
expenses for freight charges Rs.10,000; Insurance Rs.14,000. The Consignee received the goods
and accepted a bill for Rs. 1,00,000 towards advance. According to his account sales 90 cycles
were sold at their invoice price. commission at 4% and delecredere commission at 3% on gross
sales. The consignees expenditure was Rs. 5,000 towards selling and promotion. He has
prepared a bank draft for the due amount prepare necessary accounts in the Books of Hero
Cycles.
(OR)

16). Write any FIVE Differences between Consignment and Sales.

 UNIT V

17). Types of Depreciation, Explain Fixed and Diminishing balance Methods.

(OR)

18).JohnPrasad Co, Ltd., purchased a machinery costing Rs.50,000 on jan.1,2005. Again on July
1,2006 and Jan.1, 2007 the company purchased two machines worth Rs. 10,000 and Rs.16,000
respectively. On 30th June 2008, the company sold the machinery, which was purchased on July
1, 2006 for Rs.6,000 only. Charge depreciation at the rate of 20 per cent per annum in
Fixedinstallment method. Prepare Machinery accounts up to 31st Dec 2008, and ascertain the
written-down value of the machinery.