#1
26th November 2014, 09:44 AM
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Junior Accountant question paper
Hi I want the question paper of RPSC Junior Accountant so will you provide me?
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#2
26th November 2014, 11:42 AM
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Re: Junior Accountant question paper
Ok, as you want the question paper of RPSC Junior Accountant so here I am providing you RPSC Junior Accountant question paper which one of them is current asset Insurance expenses prepaid expenses Rent expenses all of the following which one is current liability? land income Debtor Creditors which one is long term liability? creditors loan from mr A bank loan all of these which one is liability? UN earned income furniture account receivable none of these Creditor account increase with credit credit sale credit purchase A & B` Debtor account increase with Debit Credit Credit income Credit sale Creditor control account decreased when Purchase Return Cheques / Cash paid Cheques / Cash received A & B Debtors control account decreased with Opening balance of debtors Cheques / Cash Received Sales Return purchase Return Discount allowed showed on the ——– of debtors control account Credit side Debit side — — sales return is also called return inward return outward return to supplier none of these —— this ledger maintains record of individual creditors. Purchase Day Book Purchase Journal Creditors Ledger Return outward Journal 2nd name of Purchase Return is return to customer Creditors Purchases inward Return outward —– this ledger maintains record of individual debtor. Debtors Ledger Sales Journal Sales Return Sales Day Book extension of building is an example of ——- exp Revenue short Capital A & C cost of good will is Capital exp value of good will goodwill exp prepaid exp asset destroyed by fire is Admn financial loss Capital loss Revenue rent not paid utility bill paid Income rent & Income advance rent paid calculate closing balance of Creditor Opening Balance.5,000 Purchases for the month 70,00 return 1500 cash receive 6500 4000 8500 12500 7000 —— include both cash and credit receipts/payments. cash sales/purchases Credit sales/purchases Receipts/Payments none of above Provision for doubtful debts has no effect on account receivable Control accounts. control account none of these These errors in accounting require rectification. The procedure adopted to rectify errors in financial accounting is called Rectification of error Rectification — — different kinds of errors are 6 8 5 4 event occurred but we did not record it is —— type of error Error of Commission Error of Omission Error of Original Entry Reversal of Entry debited is credited and vice versa is an example of —— error Error of Commission Error of Principle Error of Original Entry Reversal of Entry The errors in which recording is in correct account but the figure is incorrect are called Reversal of Entry Error of Original Entry Error of Principle Error of Commission The errors in which an entry is recorded in the wrong class of account is Error of Original Entry Reversal of Entry Error of Principle Error of Omission A receipt of Rs. 50,000 from a debtor is recorded as Rs. 5,000 in his account is —- error Reversal of Entry Error of Commission Error of Principle Error of Original Entry Purchase of an asset for Rs. 50,000 is recorded in the expense account. is ———– error Error of Principle Error of Original Entry Error of Omission Reversal of Entry A payment of Rs. 10,000 made to Mr. D is recorded on the receipt side of the cash book and credit is given to D’s account. is —– error Errors of Commission Error of Principle Error of Omission Reversal of Entry Repair of vehicle worth of Rs. 5,000 was charged to asset account correct entry is Cash A/C (Dr) Bank A/C (Cr) Mr. A (Creditor) (Dr) Bank A/C (Cr) Mr. A (Creditor) (Dr) Bank A/C (Cr) Mr. A (Creditor) (Dr) Cash A/C (Cr) Purchase of goods from Mr. B worth of Rs. 5,500 was recorded at Rs. 4,500. correct entry is Purchase A/C (Dr) cash (Cr) Mr. B’s A/C (Dr) cash (Cr) Purchase A/C (Dr) Mr. B’s A/C (Cr) Purchase A/C (Dr) account payable Profit & Loss Account has —— parts 2 4 5 3 Sales Less: Cost of Goods Sold = Profit income Gross Profit none of them Revenue is always in ——- acc Dr Cr Purchased none of these ——- is the cost incurred in purchasing or manufacturing the product Sales Gross Profit Cost of Goods Sold manufacturing expenses Wages paid to employees for manufacturing of goods is ———- expense Material Labor FOH all of these ——- includes revenue from indirect source of income, such as return on investment, profit on PLS account etc. Other charges Other expenses Other sales Other Income ——- expenses are the expenses incurred in running a business effectively Cost of Goods Sold/ Other Administrative General office Administrative Expenses and Selling Expenses and Financial Expenses are present in the financial statements balance sheet adjusting entries none of these ——-usually denotes remuneration paid to daily basis Salaries and Wages Wages Salaries B & C Salaries and benefits of sales and marketing staff become part of —– Administrative Expenses Selling Expenses Financial Expenses A & C Salaries / wages paid to labor and supervisors/officers working for the manufacturing of goods become a part of Administrative Expenses Selling Expenses Financial Expenses Cost of Goods Sold Transportation/carriage of goods sold Tax/freight paid on sale is an example of —— Cost of Goods Sold. Selling Expenses Financial Expenses Administrative Expenses Interest on loan, Bank charges are ———- Selling Expenses Administrative Expenses Financial Expenses none of these ——- are the assets of permanent nature that a business acquires, such as plant, machinery, etc Fixed assets Current assets non Current assets B & C An expense that has a future benefit in excess of one year and recorded in a capital asset account Income Tax Capital Work In Progress Deferred Costs all of above |
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