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BSNL Junior Accounts Officers 2009 Sample Question Paper

1. What is Double Entry Book Keeping System?

2. What is the purpose of preparation of Final Accounts?

3. Journalise the following transaction :
(a) Depreciation on machinery Rs. 5,000.
(b) Salary paid to employees Rs. 6,000.

4. Find net profit ratio from the following :
Gross profit : Rs.1,50,000
Salaries paid : Rs.10,000
Tax paid : Rs. 10,000
Dividend paid : Rs. 20,000
Depreciation : Rs. 10,000
Sales for the year : Rs. 2,00,000

5. From the following balance sheets, prepare a schedule of changes in working capital.

Balance Sheets

Liabilities	2007	2008	Assets	2007	2008
	Rs.	Rs.		Rs.	Rs.
Share capital	1,00,000	1,50,000	Fixed Assets	75,000	1,50,000
Reserves & Surplus	50,000	60,000	Stock	25,000	40,000
Current Liabilities	20,000	40,000	Debtors	50,000	50,000
Other liabilities	10,000	5,000	Cash in hand	10,000	10,000
	–	–	Cash at bank	20,000	5,000
Total	1,80,000	2,55,000	Total	1,80,000	2,55,000

6. What is Budget? Explain the types of budget.

7. Write short notes on :
(a) Error of Principle.
(b) Error of Omission.
(c) Error of Commission.

8. The summarized balance sheets of ABC Limited as on 31.12.2007 and 31.12.2008 are given below :

Balance Sheets (Rs. in thousands)

Liabilities	2007	2008	Assets	2007	2008
	Rs.	Rs.		Rs.	Rs.
Share capital	400	400	Fixed Assets	400	320
Reserves	300	310	Investment	100	80
P & L a/c	60	66	Stock	300	200

Creditors	100	66	Debtors	100	400
Provision for taxation	75	10	Investment	100	80
Bank Loan		148	Bank	35
Total	935	1,000	Total	935	1,000

Additional Information :
(a) Provision for tax made during the year was Rs. 9,000 p.a.
(b) Dividend paid during the year was Rs. 4,000 p.a.
Prepare Funds Flow Statement.

9. From the following particulars, find
(a) P/V Ratio.
(b) BEP Sales (in rupees).
(c) Margin of Safety.
Rs.
Sales 1,00,000
(—) Variable cost 60,000
Contribution 40,000
(—) Fixed cost 20,000
Profit 20,000

10. From the data given below compute the value of current asset, current liability and liquid ratio.
Working capital – Rs. 60,000.
Working capital ratio = 3.5.
Current ratio = 4.5.
Stock – Rs. 10,000.

11. Prepare trading account of Archana for the year ending 31.12.96 from the following information :
Opening stock : Rs. 80,000
Purchases : Rs. 8,60,000
Freight inward : Rs. 52,000
Wages : Rs. 24,000
Credit sales : Rs. 14,40,000
Purchase returns : Rs.10,000
Sales returns : Rs. 3,16,000
Closing stock : Rs. 1,00,000

Adjustments :
(a) Outstanding wages Rs. 1,000.
(b) Unrecorded cash sales amounted to Rs. 6,000.

12. Compute working capital turnover ratio :
Current Assets : Rs.
Stock 60,000
Debtors 40,000
B/R 1,00,000
Cash in hand 40,000
Cash at bank 20,000
Interest accrued 10,000
Prepaid insurance 30,000
Current Liabilities : Rs.
B/P 40,000
Outstanding expenses 20,000
Creditors 40,000
Sales for the year 4,00,000
Sales return 40,000