Accounting Question Paper Set 6 (Model Question)

Write any two objectives of office layout.

When was Nepal Bank established? Write in B.S.

Write the full form of VAT.

In which part of the balance sheet is outstanding house rent recorded?

Write any two names of government offices that use central level accounting.

What is revenue accounting system?

Write any two examples of office stores.

Show the retention journal voucher at the time of retention cash deposited into bank.

'Consolidated fund is the main account of government.' Give any one reason.

Which is the apex auditing body in Nepal?

Which package is known as a spreadsheet package?

Write any five points to be considered while preparing a memo or tippani.

Write any five importance of financial accounting in business organization.

The following information is available from P and P Company as on Chaitra.

Rectify the following errors located after preparation of trial balance.

(i) Salary paid of Rs. 20,000/- was wrongly debited to house rent account.

(ii) Sales book over recorded by Rs. 8,000/-.

(iii) Furniture purchased of Rs. 30,000/- was wrongly debited to purchase account.

(iv) Purchased goods of Rs. 3,000/- from Shyam on credit was wrongly recorded in sales book.

What is alphabetical filing? Mention any four advantages and disadvantages of it.

Write any five similarities between business and government accounting.

The details of expenses of District Health Office, Dhanusha are provided.

Additional information: Uncleared furniture and fixtures advance of Rs. 1,000/-.

Required: Statement of expenditure.

Write any five functions of Ministry of the Finance.

Write any five provisions for the operation of consolidated funds.

What is internal control? Write any four objectives of it.

What is a Central Bank? Explain any five functions of it.

The following is the trial balance of XYZ Company as on Ashad 2081

Trial Balance of XYZ Company

As on Ashad

Additional information:

(i) Closing stock of Rs. 20,000/-.

(ii) Outstanding salary of Rs. 2,000/-.

Required:

(a) Trading account

(b) Profit and loss account

(c) Balance sheet

The following transactions are given from Education Development and Coordination Unit, Dailekh. The office has submitted a payment order to DTCO for paying the following expenditure.

(a) On 2081/04/01, Issued payment order of Rs. 10,000/- for the payment of house rent.

(b) On 2081/04/06, Issued payment order of Rs. 20,000/- as advance to Section Officer, Haribol for purchasing furniture.

(c) On 2081/04/20, Issued payment order for employee remuneration for the month of Shrawan of Rs. 1,10,000/- after deducting Provident Fund of Rs. 20,000/- and Income Tax Rs. 1,000/-.

(d) On 2081/04/24, the furniture advance of Section Officer Haribol Rs. 20,000/- was cleared after submitted furniture with bill.

(e) On 2081/04/30, the deducted amount of Provident Fund and Income Tax was deposited into the related office.

Required: Journal Vouchers

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

2081/05/01 (Bhadra 1): Issued payment order of Rs. 50,000/- for purchase of computer.

2081/05/08 (Bhadra 8): Advance paid for furniture purchase to Section Officer, Raju Lama of Rs. 80,000/-.

2081/05/20 (Bhadra 20): Section Officer, Raju Lama's furniture advance of Rs. 80,000/- has been cleared as he submitted the furniture purchase bill of Rs. 95,000/-.

2081/05/22 (Bhadra 22): Salary payment order for the month of Bhadra was issued after deducting Provident Fund Rs. 80,000/- and Income Tax Rs. 10,000/- out of total salary of Rs. 4,40,000/-.

2081/05/28 (Bhadra 28): Received payment release through DTCO for the different expenditure made for the month of Bhadra.

Require: Bank Cash Book-AGF No. 209