No.

of Printed Pages : 16

PCO - 01

BACHELOR'S PREPARATORY PROGRAMME (B.P.P.) Term-End Examination June, 2012

PC0-01 : PREPARATORY COURSE IN COMMERCE
Time : 2 Hours Note : 1. Maximum Marks : 50

4 5 4 1_

All questions are compulsory, each of which carries one mark.

The concept of conservatism takes into account : (1) All expected income but no losses (2) All expected losses but no expected income (3) No expected profits and losses (4) All expected incomes and losses

2.

Which of the following equations is correct : (1) Capital + Liabilities = Assets (2) Liabilities = Assets (4) All of the above Capital (3) Capital = Assets Liabilities

3.

Radha started business with Rs 2,00,000. She purchased goods on credit from Krishan for Rs. 25,000. Her total assets will be : (1) Rs. 2,25,000 (2) Rs. 2,00,000 (3) Rs. 1,75,000 (4) Rs. 1,50,000

4.

Commission outstanding account is a : (1) Personal A/C (3) Real A/C (2) Nominal A/C (4) Both personal and nominal A/C

PC0-01

P.T.O.

5.

Shruti purchased a building from her friend for Rs. 3,00,000. Its market value is Rs. 4,00,000. What amount will she record in her books ? (1) 4,00,000 (2) 1,00,000 (3) 3,00,000 (4) 7,00,000

6.

Nominal Accounts are related to : (1) (2) (3) (4) Liabilities only Expenses, incomes, losses and gains Assets only Expenses and losses only

7.

Which of the following accounts normally shows a debit balance ? (1) A debtor's A/C (3) Discount allowed A/C (2) Purchases A/C (4) All of the above

8.

A system of advancing a fixed amount to the petty cashier periodically is called : (1) Double entry system (3) Single entry system (2) Imprest system (4) Hybrid system

9.

Single entry system of book - keeping is a system of : (1) Incomplete records (2) Reliable records (3) Providing true financial position (4) Helping in locating errors

10.

Machine Purchased on cash should be debited to : (1) Cash A/C (2) Goods A/C (3) Machine A/C (4) Furniture A/C

11.

Which of the following accounts is a real account ? (1) Bank A/C (2) Cash A/C (3) Loan A/C (4) Capital A/C

12.

The credit balance of a personal account indicates : (1) Amount payable (3) cash at Bank (2) Amount receivable (4) Cash in hand

PC0-01

13. Which of the following is not entered in the books of account ? (1) Cash discount (3) Trade discount (2) Rent received (4) commission received

14. Which book is used for recording credit sales of goods ? (1) Cash Book (3) Petty Cash Book (2) Sales Book (4) Purchases Book

15. Opening stock is Rs. 50,000, Purchases are Rs. 30,000 and direct expenses are Rs. 20,000. The amount of closing stock is Rs. 10,000. Cost of sales will be : (1) Rs. 50,000 (2) Rs. 80,000 (3) Rs. 90,000 (4) Rs. 70,000

16. Income received in advance appearing in Trial Balance will be shown in : (1) Trading A/C (3) Assets side of Balance Sheet 17. (2) Profit and loss A/C (4) Liabilities side of Balance Sheet

Bad debts given in adjustments will be shown in : (1) Profit and loss A/C only (2) Balance sheet only (3) Both trading A/C and Balance sheet (4) Both Profit and loss A/C and Balance sheet

18.

Goods returned worth Rs. 35,000 by Rohan and Co. were taken into stock for Rs. 3,500. It is an error of : (1) Commission (2) Principle (3) Omission (4) Compensating

19.

The process of transferring the debit and credit balances from their respective accounts to a statement is termed as : (1) Posting (3) Journalising (2) Preparing a Trial Balance (4) Balancing

PC0-01

P.T.O.

20. Depreciation on furniture is charged to : (1) Trading A/C (3) Profit and loss A/C (2) Manufacturing A/C (4) Suspense A/C

21. Sale of old newspapers will be recorded in : (1) Liabilities side of Balance Sheet (2) Trading A/C (3) Profit and loss A/C (4) Assets

22. Sales tax is charged to : (1) Trading A/C (3) Manufacturing A/C (2) Profit and loss A/C (4) Balance Sheet

23. Carriage inwards shown in Trial Balance will be recorded in : (1) Trading A/C (3) Assets side of Balance Sheet (2) Profit and loss A/C (4) Liabilities side of Balance Sheet

24. Small Donation received for general purpose is to be taken as : (1) Capital receipts (3) Revenue receipts (2) Capital expenditure (4) Revenue expenditure

25. Bank Reconciliation Statement is prepared by : (1) Debtors (3) Bank (2) Creditors (4) Customers of the bank

26.

Bank overdraft reflects : (1) (2) (3) (4) Debit balance in the Pass Book Debit balance in the Cash Book Credit balance in the Pass Book No balance in the Pass Book

PC0-01

27.

Goods sold to Mahesh for Rs. 715 were recorded in his account as Rs. 175. In the rectifying entry, Mahesh A/C will be debited with : (4) Rs. 175 (3) Rs. 540 (2) Rs. 890 (1) Rs. 715

28. Fixed Assets do not include : (2) Furniture (1) Good will 29. Current liabilities do not include : (1) Outstanding expenses (3) Bank overdraft 30.

(3) Prepaid expenses

(4) Loose tools

(2) Proposed dividend (4) Accrued income

Purchase of goods from Vishnu on credit basis should be credited to : (1) Purchases A/C (3) Vishnu's A/C (2) Sales A/C (4) Cash A/C

31.

Main objective of preparing a 'Journal' is : (1) To journalise the cash transactions (2) To prepare initial record of business transactions (3) To make posting in the ledger (4) To ascertain the financial position of the business

32.

Cash given away as charity shall be debited to : (1) Cash A/C (3) Sales A/C (2) Purchases A/C (4) Charity A/C

33.

Goods given away as charity shall be credited to : (1) Charity A/C (3) Purchases A/C (2) Sales A/C (4) Cash A/C

34.

If cash is Rs. 10,000, Land Rs. 2,00,000, debtors Rs. 7,000 and creditors Rs. 17,000, the amount of capital would be : (1) Rs. 2,00,000 (2) Rs. 2,34,000 (3) Rs. 2,14,000 (4) Rs. 2,17,000

PC0-01

P.T.O.

35. Rs. 6,000 received from Meera whose account was written off as bad debt in the previous
year should be credited to : (1) Meera's A/C (3) Provision for bad debts A/C (2) Bad debts A/C (4) Bad debts recovered A/C

36. Contra entry appears on both the sides of :

(1) PurchaSes Book (3) Cash Book (2) Sales Book (4) Balance Sheet

37. Effect of Salary paid on accounting equation shall be :

(1) (2) (3) (4) Only cash will increase Only cash will decrease Only capital will decrease Cash and capital both will decrease

38. Premium received on issue of shares is treated as a :

(1) Current Asset (3) Fixed Asset (2) Current liability (4) Capital profit

39. A copy of customer's A/C given by bank is called :

(1) Sales Book (3) Pass Book (2) Cash Book (4) Cheque Book

40.

Manufacturing A/C is prepared to find out : (1) Cost of goods sold (3) Net Profit (2) Cost of Goods Produced (4) Net Loss

41.

Depreciation an Fixed Assets is treated as a : (1) Revenue expenditure (3) Deferred revenue expenditure (2) Capital expenditure (4) Capital loss

PCO-01

42. Expenditures paid in advance will be shown in Balance Sheet as : (1) Fixed asset (3) current liability 43. Sales Returns Journal is also called : (1) Sales Journal (3) Return Inwards Journal (2) Invoice Book (4) Return Outwards Journal (2) Current asset (4) Long term liability

44. Which of the following is not a liquid asset ? (1) Cash

4

(2) Bank Balance (4) Closing Stock

(3) Short Term Securities

45.

Interest on drawings is shown on the : (1) Debit side of Trading A/C (3) Credit side of P and L A/C (2) Debit side of P and L A/C (4) Credit side of Trading A/C

46.

Cost of goods purchased is Rs. 80,000, Net sales is Rs. 1,00,000 and closing stock is Rs. 20,000. The gross profit would be : (1) Rs. 20,000 (2) Rs. 40,000 (3) Rs. 80,000 (4) Rs. 1,00,000

47.

Sales are equal to : (1) Cost of goods sold + gross profit (2) Cost of goods sold gross profit (3) Opening stock + purchases closing stock (4) Opening stock + gross profit

48.

Brokerage / Commission received is shown on the : (1) Debit side of Trading A/C (3) Asset side of Balance Sheet (2) Credit side of P and L A/C (4) Liabilities side of Balance Sheet

PC0-01

P.T.O.

49.

Revenue is said to be realized when : (1) (2) (3) (4) Cash is received The sale is made Goods are manufactured Offer to sale is made

50.

A firm pays commission to its manager @ 10%. Of profits arrived at after charging such commission. What will be the amount of commission if the profits before charging such commission were Rs. 22,000 ? (1) Rs. 2,200 (2) Rs. 1,100 (3) Rs. 2,000 (4) Rs. 1,000

PCO-01

Icich Vitrc4W chltigh1-1 (*AA. ) *0111 Wftair "7, 2012 *A*. 01 : c I u I': Vitr3TW 1 ickeist0-1
d7 31"W :50 37fg1W-

: Trift wq,i 3eRwref g TiF: 3,1 7w 37.W t/

1.

cdr 311 --ccarr-

kicbc-41r argrR f ii s to-zrr ii i t: 374fkm aTrzt

1174 Tr Tf9A

(1) Trift 31-Eira 3Trzi (2) Trift 31-01-rwd Trit

(3) .r- 711. ift *Riff 7111 (4) TT* 3illfUff 3-TP:i 2. -14-i (1)

1 74 4117 'i+-iicmuf i l t ? tgc-1 1 4\\74 + tzl7T1 = 4R4Lifivit

(2) tEro =4R4,41-ctql. (3) V (4) 37z1Wf 141# 3. -7N -71f I Ztik f* 7T4T "4 2,00,000 T. .4 otioRilt{ kr f*
0-14 111 41 :

- tzr

A 25,000

WOR

u-(1q (4) 1,50,000 T.

(1) 2,25,000 T.

(2) 2,00,000 T.

(3) 1,75,000 T.

PC0-01

P.T.O.

4.

31 q-U

GNI t

-) :

dT (1) cq *14 U(3) 5.

(2) 3171-W4 .UTUT

(4) cqrchvicr La 317i ce-fq -gTFT c)-if t I

R-clicfch Glcli

sat A. 319it . 4->(-11 t) 1 1-q9. 3,00,000 T. 14* s fTti ur -vr T-R ?

(1) 4,00,000 T.

TEE*1 GlIARITT 4,00,000,.T.

(3) 3,00,000 T. (4)

3T791 caGF
7,00,000 T.

(2) old :

1,00,000 T.

6.

3TP:f - oq 7fr-

(1) kq- tzrdrA

(2) (3) (4) T1 ka Ti -Tzff 1-z4, .ff2TT r.TITT4t

7.

ri+-irrifi5d
(1) (3) t

41-1 NT -ardT UldT

kr 4Z ,={T4Ti'aTt?
(2) (4)

sbq 'TT -UTdi 3 .7.4.Wf Trift i;cf) f9-174q 7117.1

8.

TO
(1) (3)

Fs ( petty cashier) ch.) 3-TrIfirT tc\LI Trr -4 -- -Ee Trurro 1. T. * 6.4 it0Z -511111.

ct

ct)1 31101 t :

(2) 751- z rarq

(4) F4-1F3Tff (Hybrid) .511311 -

9.

qt T50

etsa truTr -9-f-ftwrA rn1 ch

t: (2) (4)

(1) 31
(3)

cRwi-ii i fcTlt
3171 .f47:11 . 1

Tre 1q91 -4 fR-Tru

T 0 411;

10. 1 :fta (1)

.9-Wq ITN tf4Z -rwm i1 (2) 1110 -11

: (3) 747 Gia 1 1

(4)TF-91 -- Gia

PC0-01

10

11. Pii-irrifilo g (1) ch -TUT

cr) Trf (Ami

aRci act,

t? (3) Ater tgi ii (4) ttmi

(2) 71"-7 IMUT

12.

cto4ici .) 01(1)

r*.ftZ ttl

T t: .8 1W tti 131 (4) '47 71

Trt

(2) TfTGEE tirkf

13. r-ii-lror(Ad Al 14 fT14 4U14tzff c\Ti (1) .1c oz (2)

.ficir? -117IT -5fRf "galT 'N .1 :11qT9.

(3) ceittii

(4) 3171

14.

3 117 fqW? :{ 1

ftwri (2) facet

fcbq

-wr zwftrt 1.beir (3) 7F{T tWi

t? (4) 9h4

(1)

t 50,000 T. 9n1 t 30,000 T. 'fftIT 15. wii-ITT : rwici 10,000 T. faT (1) 50,000 T. (2) 80,000 T.

"a17 { t 20,000 T. 311 1:1 tzIcb t klikf (4) 70,000 T.

(3) 90,000 T.

16. dr14d t (1) (3)

31174 5.RT

aiTze t-gfT ,711T1 : (2) TR-T (4) 44R kild*tzrdlI llki

04.114R (.1I -8M-(4 4e.

17. --4F -ffr94-1F-r (1) % (2)

)fruf-Frr Alwir : itui --

"4 ti kik 4 4e.

(3) 04414R raid (4)

PC0-01

11

P.T.O.

18.

7tr3Tx &

gRI 35,000 T.t

a-C1 11:14-

i-dich -4 3,500 T. cn 7Tfrf

ViTf 1 TO -fT7TT

.)

(1)

c;(51cni

(2)

f(R-Ztff cn1

(3)

cni

(4)

Vi dicff

19.

kr 4Z

71 711

' 1c% racwi at# - {7 cnt4

. 71 \lid! t :

(1) (3)

Walt tT9-1 -51i -dft "TT-9T

(2)

c -- t1 .11111

(4) *E1

20.

IFITA-T -crT roiR

itc-qvi

-1r4 f* -Trr

t : (2) reil , thrT T 4

(4)

(1) 024141t Tgrc (3) 7:1TIT-tifff Ti

3m1-ci INT-

21.
(1)

4%11;-(7 ) fq-Wzi ;( ftWrt f * -zrr Aior t :

Iry -4

(2)
(4)

ceiNit

c -31

(3)

MIT-Wfi, *INTc

4fi44fiN . 1

22.

fq-T/T 'TT ch . ) -414 (1)

ft-741

(2) faf-i+-1ful (.11 (4)

-g0.81-q-4 -*a -4

(3)

23.

cici43 4 r
(1)

4 3-77ru

44' t fwg . fwzrr

(2)

: 7TIT---1-1 IgT 4

oqii-IR TgI

(3) 'aft

t 4ri4,Ariviittv

(4) A4P X13 tzEdTITRT

24. T4rr-rF4 -5r*Tifrl -5r7r

(1) fATrff 1 ;Ita

Trftr ml 1- 1-11

(2) tATTff :1 7 { (4) 3-T1777 "1 -4

(3)

34T7TU 51T1TiT

PC0-01

12

25.

, cf.) HH1%.17 fqq17 (1) (2) 31)W7z1Z '1(Ic111d

(1) i-mq (Ach

: -igit girl (3) 1ch &.111 (4) VTA gl1T

26.

t :

t -kr4z Ala
tr qz
Ala ml

(2) (3) (4) Limeicil T1R:f qcb

tisr -411 171T 17449 -51-WEE 14 1:101 -4 175T. ftTri f* (3) 540 T. 14 (4) 175 T.

27. 1 {it 1t71 TT7 715T. t 4-11(13 Yr0Z fWZIT AR,Ir : (1) 715 T. 14 28. T-Qtft4Ftti4Ftia1 7rrfrr(1) 29. (1) (3) - rrra LIR4, 111, -1-17TTFTT c 0e41 3T44, 311 q-q-rEtz (2) 890 T. 14

: (2) th -9N1 (3) 1:*7 oeig (4) le TO (Loose tools)

:
(2) (4) c11411 (2) rcishq 4 mc-iircicf rsrcas -39rrN7 3Trzr

30. rcibuj14 W1Ik 1TR 3IITT HIM (1) 54)1 (51; 4

(3) F.:1,1qt. (gia 4

(4) t* -7 (g114

31.

A-ki -4-5E4 (1) (2) (3) (4) icbq

ia-u4 zk-vzr t:
A (1 cf-W4
c it

otiiat-iirich c;g1( -11Wa - t oiciiiitt

T1#541-W "f1-Wft

f4814 ft-gru

cht-11

PC0-01

13

32.

-rff t +1411 lohlkIti 4-Z (1) "4 --i -ff (3) fdWzr

-417111": (2) (4)

:

shq .. 19

33. N kta 1171T (1) (gia (3) sh4 tgia 34. qk TrPT 6141 :

(2)

f 4"--7:1 tali t'f t 17,000 T. -d1 (4) 2,17,000 T. 6,000 T. tftZ

(4) t* -3 -

* 10,000 T. qii-1-1 t 2,00,000 T. -KR t 7,000 T. .U2-1T (2) 2,34,000 T. Atuf (3) 2,14,000 T. allIfffrgfU

(1) 2,00,000 T. 35. 41tlf71* f* -7 Ai4 -c4IF : (1) 4-4 t talc;

qeli +NE .1T, .qt7

(2) 14-d %qui tgl "A. (4) ti c Atui t: tkne. +If fbi :

(3) 7-ff ituf 1714NTi tgla 36.

rcf 'ff -dftsZ (Contra entry) c)-111:1.0 4 kgrl (1) m --4 i l t (3) -t)t7 do-r r c, l(gr .1fz 4 ao1 11 +1 (4) ctAur TNIIT

(2) facer

37.

igrarff (1)

ZT

(2) t40'

(3) err 1,1 14 ch H (4) tti 'UM i:\111 c)-il r1 cto-11 38. 1tf (1) lictlIRti.Lirif (3) Tqlt 44t4471 r trITTT (2) (4) ttird ALTif .crW :

PC0-01

14

39.

4ch girt (1) fqWZT c

mid

TT

rd

t : (3) Liit--f 14> (4) -cf)

(2)

t* -iqt

40.

fa r-p1 fur (In mitil wihi t :

(1) (2) (3)

1 7F

.111
4-11c1

Old chk;

(11

f91 1 :k
r i

TN art tirrr old cr)k4

(4) fi47
41. Lifiti4irlq)
(1) 31T1TU Gig t

qiicf ct)

t 1C-R

(2) IstiTff oqq

(3) 37T-ETFTIff 31R1Iff 44

(4)

VIM

42.

airTATI Tram fct)7-r7

(1) P-1711 . LiR44Frl

oqi
Tcr 14

1z 4 fqINTzfr ,3-1R4If tct) :

(2) tin 41419rd t qW.bicil-r

(3)

-an cit-11* Tti

(4)
,311dit :

tzr-ffl t TEI

43.

ffiTzfitrIt (1)

A -fri

f -qwzr w4rr 311M 41 .!

(2)

1At qt F-Picf t?
1, 31

(3)
44.
(1)

(4)
741 .-grq lm c-Ro yrttiy (2)

igci

ch

.47
rl cb i Thi -srrffitrd-zrt

day ttf aff d-rr Tz-fw

(3)
45.

(4)

3 1177

-cl{ 0441,311f

TT

1Ic1i t :
(2) 7114-ir-f ow-fit

(1)

cilLitt tgla

rE4Z T.RT

tt-r -qz -ERT t tfta TR-T

(3)

7111--iri

t t"ftz

(4)

pco:01

15

P.T.O.

46.

-{NTIk fiT (1)

HM

(Imo t 80,000 T. fi""dM fa

f t, 1,00,000 T U2TT aff:17sic t 20,000 T. 1 ,Hcbc-f

20,000 T.

(2)

40,000 T.

(3)

80,000 T.

(4)

1.00,000 T.

47.

f"4-7 1Giki.s,R t : (1) (2) (3) (4) facer f* -7 TTR Hirt fdWzr f 1ITT TR HIO + it icf 34ffii 7P1 I I MIT

TIFfr-ITTaim +

48.

TfT7T (1) (3)

/ "7:1179.
c4IIHRIN -44q

kg711 AM! t :

tf4Z 1M 1 4R4HrTleir 1M 1

(2)
(4)

'FMA*1

(gia

tfta TM -4

t tzTUT TRT

49.

,1-I14114 (Revenue) -4. 31?4d (1) (3)

1/431101 t (2)

: 1 ft-zit 71-7T fq--7

t \N
HIM 01-1V-11 -711t

(4)

"NT-4

f* --zrT

50.

711T Vr qii-f 3174 2 1-kA7 Ttfvf 11o% v,4 TO' t irq (1) 2,200 T. (2) 1,100 T.

71

t - 114) 1:11-71ff (4)

22,000 T. t (3) 2,000 T.

* - -Rella <sit< VI f VNT 4441 i1,11?

1,000 T.

PCO-01

16