Accounting 1st
Que. 1. What is accounting? 5
Que. 2. What is Account? How Many Types Account? 5
Que. 3. Define the double Entry System? 3
Que.4. Journalis the following transactions with narration in the book of Ram a/c? 11
1-4-2011- Ram business started with cash 20000, goods 30000 and machinery 25000 Rs.
3-4-2011- purchase goods on credit from Ram 4000 Rs.
5-4-2011- Paid cash to Mohan 500 Rs.
10-4-2011- Good sold to Sohan 1000 Rs.
15-4-2011- Received cash from Ganesh 500 Rs.
18-4-2011- Purchase goods for cash 6000 Rs.
20-4-2011- Withdrew cash from personal use 2000 Rs.
25-4-2011- Goods given as free sample 1000 Rs.
28-4-2011- Furniture purchased from furniture mart 5000 Rs.
29-4-2011- Paid Rent to Mohan 200 Rs.
30-4-2011- Paid salary to Rajesh 1000 Rs.
Que.5. Write the short cut key in Tally software. 3
(a) Company creates.
(b) Company Delete.
(c) Select company
Que.6. What is Discount? How Many Types of discount? 3
Que.7. Journalies the following transactions compound entry? 20
1-2-2007- Shyam business commenced with cash 20000, machinery 35000, and typewriter 30000 Rs.
2-2-2007- Paid Wages 200 Rs.
2-2-2007- Paid posted expense 300 Rs.
2-2-2007- Paid advertisement 2000 Rs.
5-2-2007- Withdrew cash 3000, goods 2100 Rs for personal use.
6-2-2007- Purchase goods from Ajit for cash 2000 Rs.
6-2-2007- Purchase goods from Ram niwas gupta 3000 Rs.
6-2-2007- Purchase goods from Singh traders 2000 Rs.
10-2-2007- Received Interest 200 Rs.
10-2-2007- Received Rent 700 Rs.
10-2-2007- Received Commission 400 Rs.
15-2-2007- Good sold for cash 3000 Rs.
15-2-2007- Good sold to Sahitya Bhawan Publications 6000 Rs.
15-2-2007- Good sold to Arvind Traders 4000 Rs.
20-2-2007- Loss of goods by fire 2000 Rs.
20-2-2007- Goods stolen away by an employee 5000 Rs.
28-2-2007- Paid salary to raj 2000 Rs.
28-2-2007- Paid Rent to Amit 300 Rs.
28-2-2007- Paid wages 200 Rs.
28-2-2007- Paid commission to Arjun 50 Rs.