Past year question papers of first semester B.Com

Will you please share with me the past year question papers of first semester B.Com as it is very urgent for me?

[Raman Vij]

As you want to get the past year question papers of first semester B.Com so here it is for you:

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%.