Page 319 - Account 10

Model-2

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. Write the full form of SAFTA and SAPTA.
2. In which account we can’t get any interest?
3. How is the net loss determined?
4. What type of ink is used by internal auditor and final auditor?
5. Which accounts are used to keep the record of transaction of advance in Bank
Cash Book?
GROUP ‘B’
B. Give short answer to the following questions. 8 × 5 = 40
6. What is Tippani? Write any eight points to be considered while drafting it. 1+4
7. What is indexing? Explain any four importance of indexing. 1+4
8. Explain in brief, any five modes of payment used in trade. 5
9. Prepare Trial Balance of ABC Co., Palpa for the month of Ashad, 2075 from
the following. 5
Particulars Amount Rs. Particulars Amount Rs.
Capital 1,20,000 Advance Salaries 25,000
Loose tools 105,000 Bills receivable 60,000
Loan of Maya 80,000 Trade Mark 85,000
Sales 50,000 Creditors 25,000
Ans: Rs. 2,75,000/-
10. Prepare Balance Sheet of Om Shanti Stores, Bharatpur on the basis of
following particulars as on 31 Ashad, 2075. 5
st
Additional Capital 2,40,000 Loan to Asha 70,000
Short term Investment 60,000 Leaseholds assets 55,000
Reserve 30,000 Drawing 40,000
Net Profit 60,000 Furniture 105,000
Ans: Rs. 2,90,000/-
11. Prepare Profit and Loss A/c of Thapa & Company, Chitwan on the basis of
following particulars as on 31 Ashad, 2075. 5
st
Particulars Amount Rs. Particulars Amount Rs.
Gross Profit 35,000 Interest received 36,000
Interest on Loan 35,000 Salary 45,000
Commission received 15,000 Depreciation 15,000
Discount on sales 25,000 Bonus received 25,000
Ans: Net Loss Rs. 9,000/-
12. Explain any five main objectives of New Accounting System. 5 × 1 = 5
13. Introduce budget sheet and describe its three parts in brief. 2 + 3 = 5

318 Aakar’s Office Practice and Accountancy - 10 Specification Grid & Model Questions 319