CV-105-2018 Financial Accounting (PDF)

Summary

This is a financial accounting exam paper from 2018. It includes multiple-choice questions and potentially other question types. The paper covers financial accounting topics.

Full Transcript

F B F F 4 43 34F7 7FD DA4 42B 2F2 220 00FB B79 954 3EF 3 34 4F7F FDA A42 2B2 2F22 200 0FB 795 543 EF5 528 7 E 0 4F F7F DA 42B B2F F220 00F FB7 954 43E F52 280 3A...

F B F F 4 43 34F7 7FD DA4 42B 2F2 220 00FB B79 954 3EF 3 34 4F7F FDA A42 2B2 2F22 200 0FB 795 543 EF5 528 7 E 0 4F F7F DA 42B B2F F220 00F FB7 954 43E F52 280 3A D 4 9 7F A 2 2F 22 0F B7 5 3E 5 80 3A 434 F 7F DA 42 B2F 22 00F B7 95 43E F5 280 3A 434 F7 B 4 2 FD DA4 42B 2F 220 00FB B79 954 3EF F52 803 3A4 434F F7F FDA A4 2B 2F 220 0F 79 54 3EF 52 803 A4 34 7F DA 42 A4 2B 2F 220 0F B79 54 3EF 52 803 A4 34 F7F DA 42 B2 2 2 0 B 5 3 8 A 3 F D B F 1. 42 2B2 F22 200 FB7 795 43E EF5 5280 03A 43 4F7 7FD A4 42B 2F2 220 F F 4 4 2 0 2B B2F 220 00F B79 954 3EF F52 2803 3A4 434 F7F FDA A42 2B2 F22 200 FB 2F 220 0F B7 54 3E 52 80 A4 34 F7F DA 42 B2 F2 00 FB 795 2F 220 0F B7 954 3E F52 80 3A4 34 F7F DA 42 B2 F2 200 FB 795 43 9 F 3 2 7 E (i) N.B. :— F2 2200 0FB B79 543 3EF 528 803 A43 34F F7F DA 42B B2F F22 00F FB7 954 43E F52 20 FB 79 54 EF 52 03 A4 4F 7F DA 42 2F 22 00F B7 95 3E F5 80 0F 7 54 3E 52 80 A 34 7F DA 42 B2 2 00 B 95 43 F5 28 3A B7 95 3E F5 80 3A 434 F7 D 4 B F2 200 FB 79 43 EF 28 03 4 (iv) (ii) (i) (iv) (ii) (i) (iii) (iii) 95 43E F5 280 3A 43 F7 FD A4 2B 2F2 20 FB 79 543 EF 52 03 A4 34F 43 F 28 3A 43 4F FD A 2B 2F 20 0F 7 54 E 52 80 A4 34 7F (c) (c) (a) (a) Time—2 Hours EF 52 03 4 4F 7F A 42 2F 22 0F B7 95 3E F5 80 3A 34 F7 D 52 803 A4 34 7F DA 42 B2 22 00 B7 95 43E F5 280 3A 43 F7 FD A4 80 A 34 F7 D 42 B2 F2 00 FB 95 43 F 28 3A 43 4F FD A 2B 3A 43 F7 FD A4 B F2 20 FB 79 43 EF 52 03 4 4F 7F A 42 2F 43 4F7 FD A4 2B 2F2 20 0FB 79 54 EF 52 803 A4 34F 7F DA 42 B2 22 (Friday, 12-10-2018) 4F F A 2B 2F 20 0F 7 54 3E 52 80 A 34 7 DA 42 B2 F2 00 7F DA 42 2F 22 0F B7 95 3E F5 80 3A 434 F7 FD 4 B F2 20 FB DA 42 B2 22 00 B 95 43 F5 28 3A 43 F7 FD A4 2B 2F 20 0F 79 1 Cash 1 42 B2 F22 00 FB7 795 43E EF5 280 03A 43 4F7 FD A4 2B 2F2 220 0FB B79 543 B2 F2 00 FB 95 43 F 28 3A 43 4F FD A 2B 2F 20 0F 7 54 E F2 200 FB 79 43 EF 528 03 43 4F 7F A 42B 2F 22 0F B7 954 3E F52 Drawings 20 FB 79 54 EF 52 03 A4 4F 7F DA 42 2F 22 00F B7 95 3E F5 80 0F 7 54 3E 52 80 A 34 7F DA 42 B2 2 00 B 95 43 F5 28 3A B7 95 3E F5 80 3A 434 F7 D 4 B F2 200 FB 79 43 EF 28 03 4 95 43E F5 280 3A 43 F7 FD A4 2B 2F2 20 FB 79 543 EF 52 03 A4 34F 43 F 28 3A 43 4F FD A 2B 2F 20 0F 7 54 E 52 80 A4 34 7F Multiple Choice Questions : EF 52 03 4 4F 7F A 42 2F 22 0F B7 95 3E F5 80 3A 34 F7 D 52 803 A4 34 7F DA 42 B2 22 00 B7 95 43E F5 280 3A 43 F7 FD A4 80 A 34 F7 D 42 B2 F2 00 FB 95 43 F 28 3A 43 4F FD A 2B called............................... 3A 43 F7 FD A4 B F2 20 FB 79 43 EF 52 03 4 4F 7F A 42 2F 43 4F7 FD A4 2B 2F2 20 0FB 79 54 EF 52 803 A4 34F 7F DA 42 B2 22 2 4F F A 2B 2F 20 0F 7 54 3E 52 80 A 34 7 DA 42 B2 F2 00 OMR sheet 7F DA 42 2F 22 0F B7 95 3E F5 80 3A 434 F7 FD 4 B F2 20 FB DA 42 B2 22 00 B 95 43 F5 28 3A 43 F7 FD A4 2B 2F 20 0F 79 MCQ 42 B2 F22 00 FB7 795 43E EF5 280 03A 43 4F7 FD A4 2B 2F2 220 0FB B79 543 B2 F2 00 FB 95 43 F 28 3A 43 4F FD A 2B 2F 20 0F 7 54 E Simple calculator is allowed. F2 200 FB 79 43 EF 528 03 43 4F 7F A 42B 2F 22 0F B7 954 3E F52 20 FB 79 54 EF 52 03 A4 4F 7F DA 42 2F 22 00F B7 95 3E F5 80 0F 7 54 3E 52 80 A 34 7F DA 42 B2 2 00 B 95 43 F5 28 3A This question paper contains 8 printed pages] B7 95 3E F5 80 3A 434 F7 D 4 B F2 200 FB 79 43 EF 28 03 4 (b) (b) (MCQ & Theory) (d) (d) (CBCS Pattern) 95 43E F5 280 3A 43 F7 FD A4 2B 2F2 20 FB 79 543 EF 52 03 A4 34F All questions carry equal marks. CV—105—2018 43 F 28 3A 43 4F FD A 2B 2F 20 0F 7 54 E 52 80 A4 34 7F EF 52 03 4 4F 7F A 42 2F 22 0F B7 95 3E F5 80 3A 34 F7 D 52 803 A4 34 7F DA 42 B2 22 00 B7 95 43E F5 280 3A 43 F7 FD A4 Solve Question No. 1 on OMR sheet. 80 A 34 F7 D 42 B2 F2 00 FB 95 43 F 28 3A 43 4F FD A 2B 2803A434F7FDA42B2F2200FB79543EF5 3A 43 F7 FD A4 B F2 20 FB 79 43 EF 52 03 4 4F 7F A 42 2F FACULTY OF COMMERCE Q. No. 1 and Q. No. 2 are compulsory. OCTOBER/NOVEMBER, 2018 FINANCIAL ACCOUNTING—I 43 4F7 FD A4 2B 2F2 20 0FB 79 54 EF 52 803 A4 34F 7F DA 42 B2 22 4F F A 2B 2F 20 0F 7 54 3E 52 80 A 34 7 DA 42 B2 F2 00 Assets 7F DA 42 2F 22 0F B7 95 3E F5 80 3A 434 F7 FD 4 B F2 20 FB DA 42 B2 22 00 B 95 43 F5 28 3A 43 F7 FD A4 2B 2F 20 0F 79 42 B2 F22 00 FB7 795 43E EF5 280 03A 43 4F7 FD A4 2B 2F2 220 0FB B79 543 B2 F2 00 FB 95 43 F 28 3A 43 4F FD A 2B 2F 20 0F 7 54 E B.Com. (First Semester) EXAMINATION F2 200 FB 79 43 EF 528 03 43 4F 7F A 42B 2F 22 0F B7 954 3E F52 20 FB 79 54 EF 52 03 A4 4F 7F DA 42 2F 22 00F B7 95 3E F5 80 0F 7 54 3E 52 80 A 34 7F DA 42 B2 2 00 B 95 43 F5 28 3A B7 95 3E F5 80 3A 434 F7 D 4 B F2 200 FB 79 43 EF 28 03 4 95 43E F5 280 3A 43 F7 FD A4 2B 2F2 20 FB 79 543 EF 52 03 A4 34F 43 F 28 3A 43 4F FD A 2B 2F 20 0F 7 54 E 52 80 A4 34 7F EF 52 03 4 4F 7F A 42 2F 22 0F B7 95 3E F5 80 3A 34 F7 D Personal expenses 52 803 A4 34 7F DA 42 B2 22 00 B7 95 43E F5 280 3A 43 F7 FD A 80 A 34 F7 D 42 B2 F2 00 FB 95 43 F 28 3A 43 4F FD A 3A 43 F7 FD A4 B F2 20 FB 79 43 EF 52 03 4 4F 7F A 42 43 4F7 FD A4 2B 2F2 20 0FB 79 54 EF 52 803 A4 34F 7F DA 42 4F F A 2B 2F 20 0F 7 54 3E 52 80 A 34 7 DA 42 B 7F DA 42 2F 22 0F B7 95 3E F5 80 3A 434 F7 FD 4 B DA 42 B2 22 00 B 95 43 F5 28 3A 43 F7 FD A4 2B 2 42 B2 F22 00 FB7 795 43E EF5 280 03A 43 4F7 FD A4 2B 2F2 10 Time : 10.00 a.m. to 12.00 noon Maximum Marks—40 P.T.O. Amount withdrawn by the owner for his personal expenses is B2 F2 00 FB 95 43 F 28 3A 43 4F FD A 2B 2F F2 200 FB 79 43 EF 528 03 43 4F 7F A 42B 2F 22 20 FB 79 54 EF 52 03 A4 4F 7F DA 42 2F 22 0F 7 54 3E 52 80 A 34 7F DA 42 B2 2 00 B7 95 3E F5 80 3A 434 F7 D 4 B F2 200 95 43E F5 280 3A 43 F7 FD A4 2B 2F2 20 F 43 F 28 3A 43 4F FD A 2B 2F 20 0F EF 52 03 4 4F 7F A 42 2F 22 0F B 52 803 A4 34 7F DA 42 B2 22 00 B7 80 A 34 F7 D 42 B2 F2 00 FB 9 3A 43 F7 FD A4 B F2 20 FB 79 43 4F7 FD A4 2B 2F2 20 0FB 79 54 F B F F 4 43 34F7 7FD DA4 42B 2F2 220 00FB B79 954 3EF 3 34 4F7F FDA A42 2B2 2F22 200 0FB 795 543 EF5 528 7 E 0 4F F7F DA 42B B2F F220 00F FB7 954 43E F52 280 3A D 4 9 7F A 2 2F 22 0F B7 5 3E 5 80 3A 434 F 7F DA 42 B2F 22 00F B7 95 43E F5 280 3A 434 F7 B 4 2 FD DA4 42B 2F 220 00FB B79 954 3EF F52 803 3A4 434F F7F FDA A4 2B 2F 220 0F 79 54 3EF 52 803 A4 34 7F DA 42 A4 2B 2F 220 0F B79 54 3EF 52 803 A4 34 F7F DA 42 B2 2 2 0 B 5 3 8 A 3 F D B F 42 2B2 F22 200 FB7 795 43E EF5 5280 03A 43 4F7 7FD A4 42B 2F2 220 F F 4 4 2 0 WT 2B B2F 220 00F B79 954 3EF F52 2803 3A4 434 F7F FDA A42 2B2 F22 200 FB 2F 220 0F B7 54 3E 52 80 A4 34 F7F DA 42 B2 F2 00 FB 795 2F 220 0F B7 954 3E F52 80 3A4 34 F7F DA 42 B2 F2 200 FB 795 43 9 F 3 2 7 E (v) (ii) (vi) (iv) F2 2200 0FB B79 543 3EF 528 803 A43 34F F7F DA 42B B2F F22 00F FB7 954 43E F52 (iii) 20 FB 79 54 EF 52 03 A4 4F 7F DA 42 2F 22 00F B7 95 3E F5 80 0F 7 54 3E 52 80 A 34 7F DA 42 B2 2 00 B 95 43 F5 28 3A B7 95 3E F5 80 3A 434 F7 D 4 B F2 200 FB 79 43 EF 28 03 4 95 43E F5 280 3A 43 F7 FD A4 2B 2F2 20 FB 79 543 EF 52 03 A4 34F 43 F 28 3A 43 4F FD A 2B 2F 20 0F 7 54 E 52 80 A4 34 7F (c) (c) (c) (c) (c) (c) (c) (c) (c) (c) (a) (a) (a) (a) (a) (a) (a) (a) (a) (a) EF 52 03 4 4F 7F A 42 2F 22 0F B7 95 3E F5 80 3A 34 F7 D 52 803 A4 34 7F DA 42 B2 22 00 B7 95 43E F5 280 3A 43 F7 FD A4 80 A 34 F7 D 42 B2 F2 00 FB 95 43 F 28 3A 43 4F FD A 2B 3A 43 F7 FD A4 B F2 20 FB 79 43 EF 52 03 4 4F 7F A 42 2F 43 4F7 FD A4 2B 2F2 20 0FB 79 54 EF 52 803 A4 34F 7F DA 42 B2 22 4F F A 2B 2F 20 0F 7 54 3E 52 80 A 34 7 DA 42 B2 F2 00 7F DA 42 2F 22 0F B7 95 3E F5 80 3A 434 F7 FD 4 B F2 20 FB DA 42 B2 22 00 B 95 43 F5 28 3A 43 F7 FD A4 2B 2F 20 0F 79 Credit Assets 42 B2 F22 00 FB7 795 43E EF5 280 03A 43 4F7 FD A4 2B 2F2 220 0FB B79 543 B2 F2 00 FB 95 43 F 28 3A 43 4F FD A 2B 2F 20 0F 7 54 E Patents Voucher F2 200 FB 79 43 EF 528 03 43 4F 7F A 42B 2F 22 0F B7 954 3E F52 20 FB 79 54 EF 52 03 A4 4F 7F DA 42 2F 22 00F B7 95 3E F5 80 Copyright of........................... 0F 7 54 3E 52 80 A 34 7F DA 42 B2 2 00 B 95 43 F5 28 3A Consistency B7 95 3E F5 80 3A 434 F7 D 4 B F2 200 FB 79 43 EF 28 03 4 95 43E F5 280 3A 43 F7 FD A4 2B 2F2 20 FB 79 543 EF 52 03 A4 34F Real Account 43 F 28 3A 43 4F FD A 2B 2F 20 0F 7 54 E 52 80 A4 34 7F Going concern Inward Invoice EF 52 03 4 4F 7F A 42 2F 22 0F B7 95 3E F5 80 3A 34 F7 D 52 803 A4 34 7F DA 42 B2 22 00 B7 95 43E F5 280 3A 43 F7 FD A4 Personal Account 80 A 34 F7 D 42 B2 F2 00 FB 95 43 F 28 3A 43 4F FD A 2B 3A 43 F7 FD A4 B F2 20 FB 79 43 EF 52 03 4 4F 7F A 42 2F ( 43 4F7 FD A4 2B 2F2 20 0FB 79 54 EF 52 803 A4 34F 7F DA 42 B2 22 4F F A 2B 2F 20 0F 7 54 3E 52 80 A 34 7 DA 42 B2 F2 00 7F DA 42 2F 22 0F B7 95 3E F5 80 3A 434 F7 FD 4 B F2 20 FB 2 DA 42 B2 22 00 B 95 43 F5 28 3A 43 F7 FD A4 2B 2F 20 0F 79 42 B2 F22 00 FB7 795 43E EF5 280 03A 43 4F7 FD A4 2B 2F2 220 0FB B79 543 ) B2 F2 00 FB 95 43 F 28 3A 43 4F FD A 2B 2F 20 0F 7 54 E F2 200 FB 79 43 EF 528 03 43 4F 7F A 42B 2F 22 0F B7 954 3E F52 20 FB 79 54 EF 52 03 A4 4F 7F DA 42 2F 22 00F B7 95 3E F5 80 0F 7 54 3E 52 80 A 34 7F DA 42 B2 2 00 B 95 43 F5 28 3A B7 95 3E F5 80 3A 434 F7 D 4 B F2 200 FB 79 43 EF 28 03 4 (b) (b) (b) (b) (b) (b) (b) (b) (b) (b) (d) (d) (d) ( d) (d) ( d) (d) ( d) (d) ( d) 95 43E F5 280 3A 43 F7 FD A4 2B 2F2 20 FB 79 543 EF 52 03 A4 34F 43 F 28 3A 43 4F FD A 2B 2F 20 0F 7 54 E 52 80 A4 34 7F EF 52 03 4 4F 7F A 42 2F 22 0F B7 95 3E F5 80 3A 34 F7 D 52 803 A4 34 7F DA 42 B2 22 00 B7 95 43E F5 280 3A 43 F7 FD A4 80 A 34 F7 D 42 B2 F2 00 FB 95 43 F 28 3A 43 4F FD A 2B 2803A434F7FDA42B2F2200FB79543EF5 3A 43 F7 FD A4 B F2 20 FB 79 43 EF 52 03 4 4F 7F A 42 2F 43 4F7 FD A4 2B 2F2 20 0FB 79 54 EF 52 803 A4 34F 7F DA 42 B2 22 4F F A 2B 2F 20 0F 7 54 3E 52 80 A 34 7 DA 42 B2 F2 00 Debit 7F DA 42 2F 22 0F B7 95 3E F5 80 3A 434 F7 FD 4 B F2 20 FB DA 42 B2 22 00 B 95 43 F5 28 3A 43 F7 FD A4 2B 2F 20 0F 79 Goodwill 42 B2 F22 00 FB7 795 43E EF5 280 03A 43 4F7 FD A4 2B 2F2 220 0FB B79 543 Liabilities B2 F2 00 FB 95 43 F 28 3A 43 4F FD A 2B 2F 20 0F 7 54 E Trademark Materiality F2 200 FB 79 43 EF 528 03 43 4F 7F A 42B 2F 22 0F B7 954 3E F52 Cash Memo 20 FB 79 54 EF 52 03 A4 4F 7F DA 42 2F 22 00F B7 95 3E F5 80 Nominal A/c Dual aspects 0F 7 54 3E 52 80 A 34 7F DA 42 B2 2 00 B 95 43 F5 28 3A None of these B7 95 3E F5 80 3A 434 F7 D 4 B F2 200 FB 79 43 EF 28 03 4 95 43E F5 280 3A 43 F7 FD A4 2B 2F2 20 FB 79 543 EF 52 03 A4 34F Outward Invoice 43 F 28 3A 43 4F FD A 2B 2F 20 0F 7 54 E 52 80 A4 34 7F EF 52 03 4 4F 7F A 42 2F 22 0F B7 95 3E F5 80 3A 34 F7 D 52 803 A4 34 7F DA 42 B2 22 00 B7 95 43E F5 280 3A 43 F7 FD A Left hand side of an account is called.............................. side. 80 A 34 F7 D 42 B2 F2 00 FB 95 43 F 28 3A 43 4F FD A 3A 43 F7 FD A4 B F2 20 FB 79 43 EF 52 03 4 4F 7F A 42 43 4F7 FD A4 2B 2F2 20 0FB 79 54 EF 52 803 A4 34F 7F DA 42 4F F A 2B 2F 20 0F 7 54 3E 52 80 A 34 7 DA 42 B The source document for recording in sales book is....................... 7F DA 42 2F 22 0F B7 95 3E F5 80 3A 434 F7 FD 4 B DA 42 B2 22 00 B 95 43 F5 28 3A 43 F7 FD A4 2B 2 42 B2 F22 00 FB7 795 43E EF5 280 03A 43 4F7 FD A4 2B 2F2 ‘‘Debit the receiver of benefit, credit the giver of benefit’’ is the rule Money value of the reputation of business is known as....................... According to....................... concept business shall go on for a long time. CV—105—2018 B2 F2 00 FB 95 43 F 28 3A 43 4F FD A 2B 2F F2 200 FB 79 43 EF 528 03 43 4F 7F A 42B 2F 22 20 FB 79 54 EF 52 03 A4 4F 7F DA 42 2F 22 0F 7 54 3E 52 80 A 34 7F DA 42 B2 2 00 B7 95 3E F5 80 3A 434 F7 D 4 B F2 200 95 43E F5 280 3A 43 F7 FD A4 2B 2F2 20 F 43 F 28 3A 43 4F FD A 2B 2F 20 0F EF 52 03 4 4F 7F A 42 2F 22 0F B 52 803 A4 34 7F DA 42 B2 22 00 B7 80 A 34 F7 D 42 B2 F2 00 FB 9 3A 43 F7 FD A4 B F2 20 FB 79 43 4F7 FD A4 2B 2F2 20 0FB 79 54 F B F F 4 43 34F7 7FD DA4 42B 2F2 220 00FB B79 954 3EF 3 34 4F7F FDA A42 2B2 2F22 200 0FB 795 543 EF5 528 7 E 0 4F F7F DA 42B B2F F220 00F FB7 954 43E F52 280 3A D 4 9 7F A 2 2F 22 0F B7 5 3E 5 80 3A 434 F 7F DA 42 B2F 22 00F B7 95 43E F5 280 3A 434 F7 B 4 2 FD DA4 42B 2F 220 00FB B79 954 3EF F52 803 3A4 434F F7F FDA A4 2B 2F 220 0F 79 54 3EF 52 803 A4 34 7F DA 42 A4 2B 2F 220 0F B79 54 3EF 52 803 A4 34 F7F DA 42 B2 2 2 0 B 5 3 8 A 3 F D B F 42 2B2 F22 200 FB7 795 43E EF5 5280 03A 43 4F7 7FD A4 42B 2F2 220 F F 4 4 2 0 WT 2B B2F 220 00F B79 954 3EF F52 2803 3A4 434 F7F FDA A42 2B2 F22 200 FB 2F 220 0F B7 54 3E 52 80 A4 34 F7F DA 42 B2 F2 00 FB 795 2F 220 0F B7 954 3E F52 80 3A4 34 F7F DA 42 B2 F2 200 FB 795 43 9 F 3 2 7 E (x) (ix) F2 2200 0FB B79 543 3EF 528 803 A43 34F F7F DA 42B B2F F22 00F FB7 954 43E F52 20 FB 79 54 EF 52 03 A4 4F 7F DA 42 2F 22 00F B7 95 3E F5 80 (vii) (viii) 0F 7 54 3E 52 80 A 34 7F DA 42 B2 2 00 B 95 43 F5 28 3A B7 95 3E F5 80 3A 434 F7 D 4 B F2 200 FB 79 43 EF 28 03 4 95 43E F5 280 3A 43 F7 FD A4 2B 2F2 20 FB 79 543 EF 52 03 A4 34F 43 F 28 3A 43 4F FD A 2B 2F 20 0F 7 54 E 52 80 A4 34 7F (c) (c) (c) (c) (c) (c) (c) (c) (a) (a) (a) (a) (a) (a) (a) (a) EF 52 03 4 4F 7F A 42 2F 22 0F B7 95 3E F5 80 3A 34 F7 D A/c. 52 803 A4 34 7F DA 42 B2 22 00 B7 95 43E F5 280 3A 43 F7 FD A4 80 A 34 F7 D 42 B2 F2 00 FB 95 43 F 28 3A 43 4F FD A 2B 3A 43 F7 FD A4 B F2 20 FB 79 43 EF 52 03 4 4F 7F A 42 2F 43 4F7 FD A4 2B 2F2 20 0FB 79 54 EF 52 803 A4 34F 7F DA 42 B2 22 4F F A 2B 2F 20 0F 7 54 3E 52 80 A 34 7 DA 42 B2 F2 00 7F DA 42 2F 22 0F B7 95 3E F5 80 3A 434 F7 FD 4 B F2 20 FB DA 42 B2 22 00 B 95 43 F5 28 3A 43 F7 FD A4 2B 2F 20 0F 79 Cash Assets 42 B2 F22 00 FB7 795 43E EF5 280 03A 43 4F7 FD A4 2B 2F2 220 0FB B79 543 B2 F2 00 FB 95 43 F 28 3A 43 4F FD A 2B 2F 20 0F 7 54 E F2 200 FB 79 43 EF 528 03 43 4F 7F A 42B 2F 22 0F B7 954 3E F52 Principle 20 FB 79 54 EF 52 03 A4 4F 7F DA 42 2F 22 00F B7 95 3E F5 80 Liabilities Net Profit Gross Loss 0F 7 54 3E 52 80 A 34 7F DA 42 B2 2 00 B 95 43 F5 28 3A B7 95 3E F5 80 3A 434 F7 D 4 B F2 200 FB 79 43 EF 28 03 4 Investments 95 43E F5 280 3A 43 F7 FD A4 2B 2F2 20 FB 79 543 EF 52 03 A4 34F 43 F 28 3A 43 4F FD A 2B 2F 20 0F 7 54 E 52 80 A4 34 7F EF 52 03 4 4F 7F A 42 2F 22 0F B7 95 3E F5 80 3A 34 F7 D 52 803 A4 34 7F DA 42 B2 22 00 B7 95 43E F5 280 3A 43 F7 FD A4 80 A 34 F7 D 42 B2 F2 00 FB 95 43 F 28 3A 43 4F FD A 2B 3A 43 F7 FD A4 B F2 20 FB 79 43 EF 52 03 4 4F 7F A 42 2F Complete Omission ( 43 4F7 FD A4 2B 2F2 20 0FB 79 54 EF 52 803 A4 34F 7F DA 42 B2 22 4F F A 2B 2F 20 0F 7 54 3E 52 80 A 34 7 DA 42 B2 F2 00 7F DA 42 2F 22 0F B7 95 3E F5 80 3A 434 F7 FD 4 B F2 20 FB 3 DA 42 B2 22 00 B 95 43 F5 28 3A 43 F7 FD A4 2B 2F 20 0F 79 42 B2 F22 00 FB7 795 43E EF5 280 03A 43 4F7 FD A4 2B 2F2 220 0FB B79 543 ) B2 F2 00 FB 95 43 F 28 3A 43 4F FD A 2B 2F 20 0F 7 54 E F2 200 FB 79 43 EF 528 03 43 4F 7F A 42B 2F 22 0F B7 954 3E F52 20 FB 79 54 EF 52 03 A4 4F 7F DA 42 2F 22 00F B7 95 3E F5 80 0F 7 54 3E 52 80 A 34 7F DA 42 B2 2 00 B 95 43 F5 28 3A B7 95 3E F5 80 3A 434 F7 D 4 B F2 200 FB 79 43 EF 28 03 4 (b) (b) (b) (b) (b) (b) (b) (b) (d) ( d) (d) ( d) (d) (d) (d) ( d) 95 43E F5 280 3A 43 F7 FD A4 2B 2F2 20 FB 79 543 EF 52 03 A4 34F 43 F 28 3A 43 4F FD A 2B 2F 20 0F 7 54 E 52 80 A4 34 7F EF 52 03 4 4F 7F A 42 2F 22 0F B7 95 3E F5 80 3A 34 F7 D 52 803 A4 34 7F DA 42 B2 22 00 B7 95 43E F5 280 3A 43 F7 FD A4 80 A 34 F7 D 42 B2 F2 00 FB 95 43 F 28 3A 43 4F FD A 2B 2803A434F7FDA42B2F2200FB79543EF5 3A 43 F7 FD A4 B F2 20 FB 79 43 EF 52 03 4 4F 7F A 42 2F 43 4F7 FD A4 2B 2F2 20 0FB 79 54 EF 52 803 A4 34F 7F DA 42 B2 22 4F F A 2B 2F 20 0F 7 54 3E 52 80 A 34 7 DA 42 B2 F2 00 7F DA 42 2F 22 0F B7 95 3E F5 80 3A 434 F7 FD 4 B F2 20 FB Wages Capital is excess of assets over............................. DA 42 B2 22 00 B 95 43 F5 28 3A 43 F7 FD A4 2B 2F 20 0F 79 Goodwill 42 B2 F22 00 FB7 795 43E EF5 280 03A 43 4F7 FD A4 2B 2F2 220 0FB B79 543 Net Loss Suspense Drawings B2 F2 00 FB 95 43 F 28 3A 43 4F FD A 2B 2F 20 0F 7 54 E F2 200 FB 79 43 EF 528 03 43 4F 7F A 42B 2F 22 0F B7 954 3E F52 Duplication Gross Profit 20 FB 79 54 EF 52 03 A4 4F 7F DA 42 2F 22 00F B7 95 3E F5 80 0F 7 54 3E 52 80 A 34 7F DA 42 B2 2 00 B 95 43 F5 28 3A B7 95 3E F5 80 3A 434 F7 D 4 B F2 200 FB 79 43 EF 28 03 4 95 43E F5 280 3A 43 F7 FD A4 2B 2F2 20 FB 79 543 EF 52 03 A4 34F Debit balance of Trading Account means........................... Partial Omission 43 F 28 3A 43 4F FD A 2B 2F 20 0F 7 54 E 52 80 A4 34 7F EF 52 03 4 4F 7F A 42 2F 22 0F B7 95 3E F5 80 3A 34 F7 D 52 803 A4 34 7F DA 42 B2 22 00 B7 95 43E F5 280 3A 43 F7 FD A 80 A 34 F7 D 42 B2 F2 00 FB 95 43 F 28 3A 43 4F FD A 3A 43 F7 FD A4 B F2 20 FB 79 43 EF 52 03 4 4F 7F A 42 43 4F7 FD A4 2B 2F2 20 0FB 79 54 EF 52 803 A4 34F 7F DA 42 4F F A 2B 2F 20 0F 7 54 3E 52 80 A 34 7 DA 42 B 7F DA 42 2F 22 0F B7 95 3E F5 80 3A 434 F7 FD 4 B DA 42 B2 22 00 B 95 43 F5 28 3A 43 F7 FD A4 2B 2 42 B2 F22 00 FB7 795 43E EF5 280 03A 43 4F7 FD A4 2B 2F2 A transaction not recorded at all is called as an error of...................... Wages paid for installation of asset should be debited to........................ CV—105—2018 P.T.O. B2 F2 00 FB 95 43 F 28 3A 43 4F FD A 2B 2F F2 200 FB 79 43 EF 528 03 43 4F 7F A 42B 2F 22 20 FB 79 54 EF 52 03 A4 4F 7F DA 42 2F 22 0F 7 54 3E 52 80 A 34 7F DA 42 B2 2 00 B7 95 3E F5 80 3A 434 F7 D 4 B F2 200 95 43E F5 280 3A 43 F7 FD A4 2B 2F2 20 F 43 F 28 3A 43 4F FD A 2B 2F 20 0F EF 52 03 4 4F 7F A 42 2F 22 0F B 52 803 A4 34 7F DA 42 B2 22 00 B7 80 A 34 F7 D 42 B2 F2 00 FB 9 3A 43 F7 FD A4 B F2 20 FB 79 43 4F7 FD A4 2B 2F2 20 0FB 79 54 F B F F 4 43 34F7 7FD DA4 42B 2F2 220 00FB B79 954 3EF 3 34 4F7F FDA A42 2B2 2F22 200 0FB 795 543 EF5 528 7 E 0 4F F7F DA 42B B2F F220 00F FB7 954 43E F52 280 3A D 4 9 7F A 2 2F 22 0F B7 5 3E 5 80 3A 434 F 7F DA 42 B2F 22 00F B7 95 43E F5 280 3A 434 F7 B 4 2 FD DA4 42B 2F 220 00FB B79 954 3EF F52 803 3A4 434F F7F FDA A4 2B 2F 220 0F 79 54 3EF 52 803 A4 34 7F DA 42 A4 2B 2F 220 0F B79 54 3EF 52 803 A4 34 F7F DA 42 B2 2 2 0 B 5 3 8 A 3 F D B F 2. 42 2B2 F22 200 FB7 795 43E EF5 5280 03A 43 4F7 7FD A4 42B 2F2 220 F F 4 4 2 0 WT 2B B2F 220 00F B79 954 3EF F52 2803 3A4 434 F7F FDA A42 2B2 F22 200 FB 2F 220 0F B7 54 3E 52 80 A4 34 F7F DA 42 B2 F2 00 FB 795 2F 220 0F B7 954 3E F52 80 3A4 34 F7F DA 42 B2 F2 200 FB 795 43 9 F 3 2 7 E F2 2200 0FB B79 543 3EF 528 803 A43 34F F7F DA 42B B2F F22 00F FB7 954 43E F52 20 FB 79 54 EF 52 03 A4 4F 7F DA 42 2F 22 00F B7 95 3E F5 80 2016 0F 7 54 3E 52 80 A 34 7F DA 42 B2 2 00 B 95 43 F5 28 3A B7 95 3E F5 80 3A 434 F7 D 4 B F2 200 FB 79 43 EF 28 03 4 8 6 4 1 8 6 4 Nov. 1 95 43E F5 280 3A 43 F7 FD A4 2B 2F2 20 FB 79 543 EF 52 03 A4 34F 30 28 22 16 12 43 F 28 3A 43 4F FD A 2B 2F 20 0F 7 54 E 52 80 A4 34 7F EF 52 03 4 4F 7F A 42 2F 22 0F B7 95 3E F5 80 3A 34 F7 D 52 803 A4 34 7F DA 42 B2 22 00 B7 95 43E F5 280 3A 43 F7 FD A4 80 A 34 F7 D 42 B2 F2 00 FB 95 43 F 28 3A 43 4F FD A 2B 5% 3A 43 F7 FD A4 B F2 20 FB 79 43 EF 52 03 4 4F 7F A 42 2F 43 4F7 FD A4 2B 2F2 20 0FB 79 54 EF 52 803 A4 34F 7F DA 42 B2 22 4F F A 2B 2F 20 0F 7 54 3E 52 80 A 34 7 DA 42 B2 F2 00 25,000 7F DA 42 2F 22 0F B7 95 3E F5 80 3A 434 F7 FD 4 B F2 20 FB on cost. DA 42 B2 22 00 B 95 43 F5 28 3A 43 F7 FD A4 2B 2F 20 0F 79 42 B2 F22 00 FB7 795 43E EF5 280 03A 43 4F7 FD A4 2B 2F2 220 0FB B79 543 B2 F2 00 FB 95 43 F 28 3A 43 4F FD A 2B 2F 20 0F 7 54 E F2 200 FB 79 43 EF 528 03 43 4F 7F A 42B 2F 22 0F B7 954 3E F52 20 FB 79 54 EF 52 03 A4 4F 7F DA 42 2F 22 00F B7 95 3E F5 80 0F 7 54 3E 52 80 A 34 7F DA 42 B2 2 00 B 95 43 F5 28 3A ` 1,100 B7 95 3E F5 80 3A 434 F7 D 4 B F2 200 FB 79 43 EF 28 03 4 ` 15,000 95 43E F5 280 3A 43 F7 FD A4 2B 2F2 20 FB 79 543 EF 52 03 A4 34F ` 600. 43 F 28 3A 43 4F FD A 2B 2F 20 0F 7 54 E 52 80 A4 34 7F EF 52 03 4 4F 7F A 42 2F 22 0F B7 95 3E F5 80 3A 34 F7 D 22 Paid wages ` 600. 25% profit on cost. 52 803 A4 34 7F DA 42 B2 22 00 B7 95 43E F5 280 3A 43 F7 FD A4 80 A 34 F7 D 42 B2 F2 00 FB 95 43 F 28 3A 43 4F FD A 2B 3A 43 F7 FD A4 B F2 20 FB 79 43 EF 52 03 4 4F 7F A 42 2F ( ` 500. 43 4F7 FD A4 2B 2F2 20 0FB 79 54 EF 52 803 A4 34F 7F DA 42 B2 22 ` 4,000. 4F F A 2B 2F 20 0F 7 54 3E 52 80 A 34 7 DA 42 B2 F2 00 7F DA 42 2F 22 0F B7 95 3E F5 80 3A 434 F7 FD 4 B F2 20 FB 4 DA 42 B2 22 00 B 95 43 F5 28 3A 43 F7 FD A4 2B 2F 20 0F 79 42 B2 F22 00 FB7 795 43E EF5 280 03A 43 4F7 FD A4 2B 2F2 220 0FB B79 543 30 Taxes paid in cash ` 4,000. )

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