Accounting Question Paper SET 2 (Model Question)

Write any two importance of office management.

Write down the full form of SWIFT.

Give any two examples of indirect tax.

How is closing stock adjusted in the final account at the end of the year?

What are any two areas of government accounting in Nepal?

Which statement is prepared under the A.G.F. No. 110 of revenue accounting?

What types of amounts are not deposited into consolidated fund of federal government?

Prepare the journal voucher while receiving retention money through bank voucher.

What is inventory requisition form?

Which institution does the internal audit of government office in Nepal?

Write any two advantages of using computer technology in office operation.

What is report? Write any four points to be considered while preparing a report.

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Write an introduction to financial accounting and mention any four objectives of it.

Study the following information;

Given Data:

i. Bank balance of an office as per cash book of 31st Ashar 2082 Rs. 1,40,000

ii. Cheque issued but not presented for payment Rs. 20,000

iii. Cheque deposited into bank but not collected by bank Rs. 8,000

iv. Bank charges of Rs. 5,000 debited in passbook but not recorded in cash book

v. A customer directly deposited into bank Rs. 25,000

Required: Bank reconciliation statement

Rectify the following errors located after preparation of trial balance:

i. Goods purchased from Adhishree Rs. 20,000 have wrongly recorded in sales book.

ii. Interest paid Rs. 5,000 but wrongly debited in salary account.

iii. Sales of Rs. 10,000 recorded as Rs. 1,000 in sales book.

iv. Purchase return book wrongly over costing by Rs. 5,000.

Write any five Differences between alphabetical filing method and numerical filing method

Describe any five provisions relating to the government accounting of federal, province and local level.

Prepare the statement of expenditure of District Administration Office, Jhapa for the month of Chaitra 2081 from the following

Additional information: (a) Uncleared advance of furniture Rs. 15,000

Write any five functions of the office of the Auditor General.

What is divisible fund? Mention the importance of revenue distribution.

Write any five differences between internal audit and external audit.

Introduce commercial bank and describe any six functions of it.

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The following is the trial balance from Laxmi Company for the fiscal year 30 Ashad 2082.

Trial Balance

Additional Information:

• i. Outstanding wages Rs. 5,000

• ii. Closing stock Rs. 40,000

Required:

• Trading account

• Profit and loss account

• Balance sheet

Prepare Journal voucher based on the following transactions of District Administration Office, Bhaktapur:

(a) On 2082/05/04, Issued payment order of Rs. 40,000 for purchasing of furniture.

(b) On 2082/05/07, Paid Rs. 80,000 to section officer, Rashila Giri as advance for the purchase of laptop.

(c) On 2082/05/20, Section officer Rashila Giri presented the purchased of laptop bills of Rs. 80,000 and her advance was being cleared.

(d) On 2082/05/30, Employee remuneration of Rs. 2,20,000 for the month of Bhadra was distributed after deducting provident fund of Rs. 40,000 and income tax Rs. 1,100.

(e) On 2082/05/30, The deducted amount of employee provident fund and income tax has been deposited into the account of related office.

The following transactions are taken from District Administration Office, Bhaktapur. The office has submitted payment order to DTCO and DTCO paid the expenditure at the end of the same month:

(a) 2082/08/01: Issued payment order of Rs. 50,000 for purchasing office materials.

(b) 2082/08/12: Issued a payment order to DTCO to given advance to house owner Ramhari Shrestha of Rs. 32,000 for house rent.

(c) 2082/08/15: Procurement officer Rita Dahal presented the uniform bill of Rs. 15,000 against the advance of Rs. 14,000 was cleared and issued a payment order for making payment of excess amount of expenditure.

(d) 2082/08/26: Remuneration payment order for the month of Mangsir was issued after deducting employee provident fund Rs. 60,000 and income tax Rs. 5,000 out of total employee remuneration of Rs. 3,30,000.

(e) 2082/08/28: Received payment release through DTCO for the different expenditure made for the month of Mangsir.

Required: Bank cash book-AGF No. 209