Anti Essays offers essay examples to help students with their essay writing.

Sign Up

Anti Essay

  • Submitted by: amit067
  • on May 11, 2013
  • Category: Social Issues
  • Length: 658 words

Open Document

Below is a free excerpt of "Anti Essay" from Anti Essays, your source for free research papers, essays, and term paper examples.

[SURCA 205]

(Effective from the admitted batch 2008–09 onwards) Time: 3 Hours Max.Marks: 60 --------------------------------------------------------------------------------- ------------------Instructions: Each Unit carries 12 marks. Answer all units choosing one question from each unit. All parts of the unit must be answered in one place only. Figures in the right hand margin indicate marks allotted. ----------------------------------------------------------------------------------------------------

UNIT-I 1. Define the term Accounting? Explain the principles of Accounting


2. Prepare Trading and Profit & Loss Account and the Balance Sheet from the following particulars as on 31st March, 2008
Particulars Drawings Cash in hand Purchases Sales returns Establishment charges Taxes and insurance Bad debts Debtors Investments Opening stock Furniture Bills Receivable Dr (Rs.) 1,400 1,500 12,000 1,000 2,500 500 500 5,000 4,000 3,000 600 3,000 35,000 Particulars Capital Bank over draft Sales Purchase returns Provision for doubt full debts Creditors Commission Bills Payable Collected Sales Tax Cr (Rs.) 10,000 2,000 15,000 2,000 1,000 1,850 500 2,500 150


Further, you are required to take into consideration the following information: a) Salary Rs.100 and taxes Rs.400 are outstanding but insurance Rs.50 is prepaid. b) commission amounting to Rs.100 has been received in advance for work to be done next year c) Interest accrued in investments Rs.210

d) e) f) g)

Provision for doubtfull debts is to be maintained at 20% Depreciation on furniture 10% p.a. Closing stock Rs.4,500 A fire is occurred on 25th March 2008 in the godown and stock of the value of Rs.1,000 was destroyed. It was fully insured and the insurance company admitted the claim in full 12 UNIT-II

3. What is Ratio? List out and explain various types of Ratios for interpreting Financial Statements

Show More


MLA Citation

"Anti Essay". Anti Essays. 19 Feb. 2019


APA Citation

Anti Essay. Anti Essays. Retrieved February 19, 2019, from the World Wide Web: https://www.antiessays.com/free-essays/Anti-Essay-469967.html