Page 317 - Account 10

Model-1

Subject: Office Practice and Accountancy Full Marks: 75
Time: 2:15 hrs Pass Marks: 24
GROUP ‘A’
A. Answer the following questions in one sentence. 5 × 1 = 5
1. Give full form of SAPTA.
2. What is dishonour of cheque ?
3. What is liability ?
4. Which office prepares accounting forms used in Government Office of Nepal ?
5. What is budget transfer ?
GROUP ‘B’
B. Give short answer to the following questions. 8 × 5 = 40
6. What is report ? Describe in brief of any four type of report.
7. What is Numerical Filing System ?Mention four advantage and four disadvantages
of it.
8. Why is home trade necessary ? Describe its any four procedures, orderly.
9. Why auditing is necessary in Government Accounting ? Differentiate in three
points between internal audit and final audit ?
10. Which accounts are prepared for what purpose in Bank Cash Book ?
11. Prepare a Trial Balance of Shree Raj Khadya Stores for the fiscal year 2074/075
on last Asar, 2075 based on following particulars.
Sales 2,00,000/- Purchases 40,000/-
Sales Return 60,000/- Creditors 15,000/-
Outstanding Expenses 25,000/- Advance Income 40,000/-
Furniture 80,000/- Machinery 1,00,000/-
Ans: Trial balance total = Rs. 2,80,000
12. Prepare profit and loss account of Hetauda Company Pvt. Ltd. for the fiscal
year end of Ashadh 2074/075 according to the following transactions.
Gross Profit 1,85,000/- Salary 81,000/-
Profit in Investment 11,000/- Tax 7,000/-
Commission Received 4,000/- Interest Paid 20,000/-
Advertisement 15,000/- Audit Fees 10,000/-
Ans: Net profit = Rs. 67,000
13. Prepare a balance sheet of Kumari Cenema Industries Private Limited for the
fiscal year 2074/075 from the following particulars.
Capital 5,00,000/- Bank Balance 7,00,000/-
Cash in Hand 50,000/- Prepaid Expenses 40,000/-
Creditors 3,70,000/- Debtor 4,10,000/-
Loan 1,00,000/- Net Profit 2,30,000/-
Ans: Balance sheet total = Rs. 12,00,000

316 Aakar’s Office Practice and Accountancy - 10 Specification Grid & Model Questions 317