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  #2  
5th August 2014, 12:01 PM
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Join Date: Apr 2013
Re: Osmania University B.Com1st year Question Paper

Here I am providing the list of few questions of B.Com1st year Question Paper of Osmania University
1. Create a company with your name with full details enter 10 cash and 5 bank transactions.

2. Show the balance sheet of XYZ Company, with the following accounts, under relevant groups with imaginary figures:
5 Fixed assets a) Land b) Building c) Machinery d) Furniture e) Goodwill
5 Current assets a) Trade Debtors b) Stock c) Bills Receivable d) Bank e) Cash
2 Loan accounts a) Loan from Andhra Bank b) Loan from Ramu
1 Capital account.

3. Assuming your own figures prepare a cash book for the following cash transactions:
a) Ramu brought in cash towards Capital Rs.25,000.
b) Deposited into bank Rs.20,000
c) Purchased goods Rs.3,000
d) Sale of goods worth Rs.8,000
e) Paid to Hrithik ( a supplier) Rs.5,000
f) Received from Mohan ( a customer) Rs.6,000.

4. Prepare cash book with bank column for the following bank transactions in Andhra Bank and ascertain Bank balance.
Balance at Bank Rs.2,00,000
Paid to Rajesh Rs.10,000 by cheque
Paid to Mahesh Babu Rs.25,000 by cheque
Received a cheque from Ragini Rs.38,000
Received from Sneha Rs.50,000 by cheque.

5. Give effect to the following discounts in the transactions.
a) Purchased goods worth Rs.5,000 less 5% Trade discount.
b) Rs.2,646 received from Vijay and allowed discount Rs.54 Cash.
c) Rs.5,292 paid to Anand and discount given by him Rs.108.

6. Prepare Trail Balance from the information given below:
Name of the Account Dr. Rs. Cr. Rs.
Furniture 10,000 -
Machinery 50,000 -
Buildings 1,00,000 -
Capital - 1,50,000
Cash 5,000 -
Bills Payable - 30,000
Trade Debtors 80,000 -
Trade Creditors - 65,000

7. Compute Net Profit from the given transactions:
Rs.
Started business with capital 75,000
Cash deposited into the SBI 10,000
Cash purchases 5,000
Cash Sales 6,000
Paid Rent 600

8. Prepare the trading and Profit and Loss account and the Balance Sheet.
Opening Balance: Rs.
Capital 2,00,000
Machinery 1,00,000
Cash 1,00,000
Transactions:
Purchased good from ANKIT (cash) 4,500
Sold goods for cash 11,500
Sold good to NIKHIL (Credit) 17,000
Paid Salaries 3,000
Selling Expenses 1,500


9. Opening Balance sheet: Rs.
Capital 2,00,000
Furniture 50,000
Cash 50,000
Buildings 1,00,000
Transactions:
Salaries paid 5,000
Rent paid 2,000
Adjustments:
Outstanding rent at the end of the year Rs.500
Depreciation on Buildings 10% p.a.
Pass adjustment entries and finalize the P & L account and Balance sheet.

10. Create a company of your own and generate a Petty cash book with 10 transactions. Assume own amounts.

11. Create a company of your own and generate a sales Register and Purchase register with any 10 transactions each, with imaginary figures.

12. Prepare the trading and P & L A/C and also Balance Sheet:
Opening Balance Rs.
Capital 4,00,000
Furniture 1,00,000
Cash 30,000
Building 2,00,000
Machinery 70,000
Transactions:
Purchased goods 20,000
Sales 40,000
Paid rent 1,000
Salaries paid 3,000
Interest received 2000
13. From the following information prepare P & L account and B/S.
Opening balance sheet
Capital Rs.6,00,000
Motor car Rs.2,00,000
Machinery Rs.1,00,000
S.Debtors Rs.1,50,000
Cash Rs.1,50,000
Transactions:
Paid wages Rs. 2,000
Paid salaries Rs. 3,000
Insurance paid Rs. 500
Commission paid Rs. 200
Sales Rs. 20,000
Purchases Rs. 12,000
Furniture purchased Rs. 2,300
Adjustments:
Outstanding wages at the end of the year Rs.500
Outstanding salaries at the end of the year Rs.100
Prepaid Insurance Rs.100

14. Enter the following transactions by creating relevant accounts and groups.
Purchased goods from Ram Rs.10,000
Purchased goods from Roshan Rs.5,000
Purchased goods from Mohan Rs.20,000
Sold goods to Leela Rs.25,000
Sold goods to Praveena Rs.30,000
Sold goods to Praveen Rs.20,000.

15. From the following information prepare P & L account and B/S
Opening balance sheet
Capital 2,50,000
Building 2,00,000
Cash 50,000
Transactions:
Paid Audit fee Rs.500,
Paid General Exp. Rs.1,000, Advertisement Rs.1,000
Paid postage Rs.500, Printing Rs.100, Rent Rs.500.
Sales Rs.60,000. Purchases Rs.21,000.
Adjustments:
Outstanding rent Rs.200, Depreciation on Building 10%.


16. From the information given below prepare P & L account & B/S.
Salaries 70,000 Capital 6,00,000
Rent 30,000 Commission received 10,000
Stationary 5,000 Sales 1,65,000
Cash 45,000
Furniture 4,60,000
Purchases 84,000
Machinery 81,000
Adjustments: 81,000
Adjustments: Outstanding Rent Rs.1,000, Depreciation on furniture @ 5%, Machinery @ 4%.

17. Enter the following transactions in books of Bajaj.
Goods purchased from Prem Rs.30,000.
Cash paid to Prem Rs.29,500 and discount allowed by him Rs.500.
Goods Sold to Mukthi Rs.40,000.
Cash received from Mukthi Rs.39,000 allowed her discount Rs.1,000.

18. Compute Net Profit from the following data: Rs.
Capital Introduced 4,00,000
Cash purchases 50,000
Cash sales 1,00,000
Paid rent 5,000
Paid salaries 10,000
Received interest 2,000
Paid legal expenses 1,000
Paid Rates & taxes 500
Paid General expenses 400
Closing stock 12,000

19. Mr.Sudhir started business with cash Rs.3,00,000:
Purchased 20 CTV’s @10,000 each for cash.
Paid carriage on purchase Rs.2000
Sold 10 CTV’s @12,000 each for cash
Sold 10 CTV’s @12,000 each to Shyam.
Paid salaries Rs.2,000 and Rent Rs.1,000
Prepare P & L A/c.

20. Prepare Trading and P & L A/c and also Balance sheet.
Manisha started business with cash Rs.5,00,000
Purchased 15 colour TVs @15,000 each for cash
Paid carriage on purchase Rs.2000
Sold 10 CTVs @20,000 each for cash
Sold 3 CTVs @20,000 each to Mr.Raju on credit paid salaries Rs.1,000
Closing stock valued at Rs.30,000.

21. Prepare Trading and P & L a/c and Balance sheet.
Sunitha started business with Rs.5,00,000.
Purchased furniture worth Rs.20,000.
Purchased computer worth Rs.10,000 for business use.
Purchased 10 Printers @ Rs.5,000 each from TVS Ltd.
Purchased 10 computers @20,000 each for cash.
Sold 10 Printer @6,000 each for cash .
Sold 10 computers @25,000 each to Sunil.
Paid cash to TVS Ltd. Rs.50,000.
Received cash from Sunil Rs.2,50,000.
Paid salaries Rs.1,000 and Rent Rs.1,500

22. Mr.Kartik started business with Rs.3,00,000; Purchased 10 colour TVs @15,000 each for cash; Purchased 10 colour TVs @15,000 each from Manoj; Sold 18 CTVs @18,000 each for cash; Paid salaries Rs1,000 and rent Rs.1,000; Unsold stock Rs.27,000.
Prepare Trading & P & L a/c.

23. Enter the following transactions and generate a sales register.
Sold goods to Birla Traders Rs.2,000
Sold goods to Kamlesh & Sons Rs.2,000
Malik & Bros bought from us Rs.2,000
Sold on credit to Birla Traders Rs.6,500
Goods sold to little Roses Ltd. Rs.5,600.

24. Enter the following transaction and generate a purchases register.
i. Purchased goods from Gupta Rs.10,000
ii. Purchased goods from Vijay Rs.5,000
iii. Purchased goods from Gopi Rs.2,000
iv. Purchased goods from Ram Rs.5,000
v. Purchased goods from Shashi Rs.20,000
vi. Purchased furniture on credit from Godrej Ltd., Rs.12,000
vii. Purchase of goods for cash Rs.3,000

25. Prepare a Bank Reconciliation Statement of Mr.Nagesh as on 31st March,2009.
a) Bank balance as per pass book (Bank book) Rs.26,000.
b) Cheques deposited into bankRs.21,000of which cheques worth Rs.10,000 collected by bank up to 31st March.
c) Cheques issued but not presented for payment till 31st march 2009 Rs.12,000.
d) Bank charges Rs.500 debited in pass book only.
e) Interest and dividend collected by bank Rs.6,500.
Insurance premium paid by bank as per standing instructionsRs.2,800 not recorded in cash book.

26. Create a company with full details. Enter the following transactions.
a. Priyanka started Business with Rs. 1,00,000
b. Opened account with bank Rs. 20,000
c. Bought Furniture by Cheque Rs. 3,000
d. Paid office rent Rs. 600
e. Cash Purchases Rs. 15,000
f. Cash Sales Rs. 4,000

27. Assuming your own figures, prepare a cash book for the following cash transactions:
a. Ramu’s introduced Rs.25,000 into business
b. Deposited into the bank Rs.20,000
c. Purchased goods Rs.3,000
d. Sold good worth Rs.5,000
e. Paid to Somu Rs.3,000

28. Prepare a Bank book for the following Bank transactions and ascertain Balance.
a. Balance at Bank Rs.2,00,000
b. Paid to Rajkumar Rs.25,000 by Cheque
c. Received a Cheque from Rajni Rs.25,000
d. Paid Ramakanth by Cheque Rs.10,000
e. Received from Sneha Rs.8,000 by Cheque
f. Cheque received from Rajini dishonoured.

29. Edit the following transactions:
i. Bought goods worth Rs.5,550, alter it to Rs.7,000
ii. Sold Goods to Rama Rs.5,000 alter it to Rs.3,000
iii. Cash received from Ram Rs.1,000 alter it to Krishna
iv. Paid cash to Uday Rs.1,000, alter to bank.

30. Show the trail balance given below.
Name of the Account Dr. (Rs.) Cr. (Rs.)
Capital 5,00,000
S.Creditors 50,000
Bank Loan 50,000
Buildings 4,00,000
S.Debtors 1,00,000
Motor car 1,00,000

31. Create a Company / firm with your own name full details. Enter 15 cash transactions and 1 Bank Transactions.

32. Create a company with your name with details company address PAN no. Registration no and save it. Enter 5 Bank transactions and show Bank book

33. Enter the following transactions.
a) Purchase of furniture for 3,000 included in purchases.
b) Salary paid to Mr. X Rs.2,000 debited to his personal account.
c) Sale of plant Rs.1,500 credited to sales account.
d) Bad debts recovered Rs.800 credited to the personal a/c of Mr. Ramu.

34. Prepare a Bankbook for the following transactions.
i. Balance at Andhra Bank Rs.1,50,000.
ii. Paid to Rama Rs.50,000 by Cheque.
iii. Paid to ABC Rs.15,000 by Cheque.
iv. Cash withdrawn by Cheque Rs10,000 for office use.
v. Deposited a Cheque from X for Rs.5,900 and Cash Rs.500.

35. Create a company with full details. Enter the following transactions.
Priyanka started Business Rs.3,00,000
Opened account with bank Rs. 20,000
Bought Furniture by cheque Rs. 3,000
Paid office rent Rs. 500
Cash purchases Rs. 15,000
Cash Sales Rs. 5,000

36. Assuming you own figures, prepare a cash book for the following cash transactions:
i. Raju introduced into business Rs.45,000
ii. Deposited into the bank Rs.40,000
iii. Purchased goods Rs.4,000
iv. Sold Goods worth Rs.4,000
v. Paid to Somu Rs.23,000

37. Edit the following transactions
a. Bought goods worth Rs.5,500, alter it to Rs.10,000
b. Sold Goods to Madhu Rs.5,000 alter into Rs.7,000
c. Cash received from Venkat Rs.1,000 later it to Ramana
d. Paid cash to Vasu Rs1,000, alter to bank.

38. Show the trail balance given below:
Name of the Account Dr. (Rs.) Cr. (Rs.)
Furniture 1,30,000
Plant 5,00,000
Bank 3,00,000
Buildings 8,00,000
Capital 10,00,000
Bills Payable 7,00,000
Outstanding salaries 30,000

39. Create a company with your name with details company address PAN no., Registration no. and save it. Enter 5 Bank Transactions and show Bank book.

40. Show the balance sheet of Kalyani & Co. with the following accounts under relevant groups: Assume your own figures.
i. 3 Current Liabilities and 2 long term liabilities.
ii. 5 Current Assets and 3 Fixed Assets.
iii. 1 Capital account.
iv. 1. Drawing account.

41. Prepare a Bank book for the following transactions.
a) Balance at Andhra Bank Rs.1,50,000
b) Paid to Rama Rs.50,000 by Cheque
c) Paid ABC Rs.25,000 by cheque
d) Cash withdrawn by cheque Rs.20,000 for office use
e) Deposited a cheque from X for Rs.5,900 and Cash Rs.500.

42. Create a Company with your name full details. Enter 20 cash and 15 Bank transactions and display the Bank book.

43. Show the Balance sheet of XYZ company, with following accounts:
5 Fixed assets
5 Current assets
1 Loan account
1 Capital account
under relevant groups with imaginary figures.

44. Give effect to the following discounts in the transactions.
a) Purchased goods worth Rs.5,000 less 5% discount
b) \b) Rs.2,646 received from Vijay and allowed discount Rs.54;
c) Cash Rs.5,292 paid to Anand and Discount given by him Rs.108.

45. Show the Trail Balance give below:
Name of the Account Dr. Cr.
Furniture 10,000
Machinery 50,000
Buildings 1,00,000
Capital 1,50,000
Cash 5,000
Bills Payable 15,000

46. Create a company of your own generate a sales register and purchase register with 10 transactions cash. Assume your own amounts.

47. Opening Balance sheet
Capital 6,00,000
Motor car 2,00,000
Machinery 1,00,000
S.Debtors 50,000
Cash 1,50,000
Transactions:
Purchases Rs. 28,000
Sales Rs.49,000
Paid Wages Rs,2,000
Paid salaries 3,000
Insurance paid 500
Commission paid 200
Adjustments:
Outstanding wages at the end of the year Rs.500
Outstanding salaries at the end of the year Rs.100
Prepaid insurance Rs.100 Closing Stock Rs.6,000

48. Enter the following balance and create B/S:
Particulars Dr. (Rs.) Cr. (Rs.)
Cash in hand 1,00,000
B/R 10,000
S.Debtors 40,000
Patents 20,000
Plant 30,000
S.Creditors 50,000
B/R 50,000
Capital 1,00,000

49. Compute Net Profit from the following data: Rs.
Capital Introduced 4,00,000
Cash purchases 50,000
Cash sales 1,00,000
Paid rent 5,000
Paid salaries 10,000
Received interest 2,000
Paid legal expense 1,000
Paid Rates & Taxes 500
Paid General Expenses 400


50. Edit the following transactions:
a) Bought goods worth Rs.5,550, alter it to Rs.7,000
b) Sold Goods to Rama Rs.5,000 alter it to Rs.3,000
c) Cash received from Ram Rs.1,000 alter it to Krishna
d) Paid cash to Uday Rs.1,000, alter to bank.
  #3  
27th August 2018, 05:18 PM
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Re: Osmania University B.Com1st year Question Paper

I need mngmt accountng & contrl, web programming, c programming and business statistics, important question for oct-nov ou supplimentary exam 2018, so plz kindly help me hw to pass


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