PDCFA Exam Question December 2019

KERALA STATE RUTRONIX

Accounting

(PDCFA)

Question Code:.            E1
Maximum Marks:.      100
Time:                              2 hours
Note: Write the answer for Questions from 1 to 30 in the MCQ answer sheet

Part - Choose the most appropriate answer
(10 X 1 Mark = 10 Marks)

1 Manufacturing expenses come under ................ group
a) Indirect Expenses
b) Miscellaneous Expenses
c) Direct Expense
d) None of these

2) To see any report in detailed way, press ..
.........
a) Alt F2
b) F2
c) Alt-C
d) Alt-F1

3) In Peach Tree, the Vendor ID can be up to ............... alphanumeric characters
a) 20
b) 15
c) 10
d) 5

4) .................... statement shows the assets and liabilities of business
a) Position
b) Profit or Loss
c) Income
dj None of these

5) .................... Is an example of intangible real asset
aj Patent
b) Furniture
c) Depreciation
d) Advertisement

6) ............... is the beginning date of financial year
a) 1st April
b) 1st Jan
al 1st Feb
d) 1st March

7) A person who owes money to the firm is a ..................
a) Debtor
b) Creditor
c) Investor
d) Owner

8) Source documents and Information about the nature of Involved in it
a) Entry
b) Invoice
c) Transaction
d) None of these

9) Nominal a/c is also known as ............... a/c
a) Real
b) Fictitious
c) Intangible
d) personal

10) in Tally, to see any report in detailed way press ..............
a) Alt+F2
b) F2
c) Alt+C
d) Alt+F1

Part - II Fill in the Blanks
(10 X 1 Mark = 10 Marks)

11) ................. is called Book of original entry

12) To quit Tally, press Esc until you see the message .................

13) ................ Shortcut key is used to repeat the same narration

14) Position statement is also called as .................

15) Cash comes under ............. Group in Tally.

16) The balance arrived at profit and loss account is transferred to .................. account

17) The amount invested by the proprietor is called ................

18 Capital comes under ................. group in Peachtree

19 The status bar of Peach Tree window displays ................... & ...................

20) Stock comes under ............ group in Tally

Part - III State whether True or False
(10 X 1 Mark = 10 Marks)

21) Bookkeeping provide a permanent record of each transactions.

22) Tally does not allow the deletion of accounts that have transactions

23) Closing stock appears in P&L account.

24) Salary account is an example of nominal account

25) There is no difference between shut company & Delete Company

26) Secondary ledger is created using the All Shortcut keys in Tally

27) Interest on drawings is an expense.

28) Plenary Expenses is an example of Fictitious Asset.

29) Bookkeeper review the work of Accountants

30) Outstanding expenses are shown on the asset side of Balance Sheet

Part - IV Answer the following (Any Eight)
(8 X 5 Marks = 40 Marks)

31) What is discount? Explain Trade Discount and Cash Discount with examples.

32) Draw the Peachtree startup screen

33) Explain the window elements of PeachTree

34) Explain the types of accounts and debit and credit rules of these accounts.

35) Differences between Balance Sheet and Trial Balance

36)What are the steps to be followed for creating a customer in Peachtree?

37) Explain the structure of Peach Tree screen.

38) Explain cash book & its utility and name the different types of cash book

39) What is good will? Give any two methods for calculating Goodwill.

40) Explain the accounting vouchers used in Tally

41) Define Fixed Asset Give the classification of Fixed Assets.

42) What are the procedure for creating purchase & sales order processing in Tally?

Part - V Answer the following (Any Three)
(3 X 10 Marks = 30 Marks)

43) Explain in detail about Peach Tree reports

44) Explain Bank Reconciliation Statement and give the reasons for disagreement between Pass book and cash book.

45) What are the rules of Double Entry Bookkeeping for various types of accounts?

46) Joumalize the following

a) Ashok started business with cash Rs. 12,000/- Stock Rs 8,000/- and Furniture Rs. 5,000/-

b) Purchased goods for cash Rs 9,000/-

c) Sold goods for cash Rs 8,0O0/-

d) Opened current account with SBI Rs. 5,000/-

e) Purchased Furniture Rs 3,000/-paid by cheque.

f) Purchased goods on credit from Jose Rs.7,000/-

g) Sold goods to Raju Rs. 6,000/-

h) Cash paid to Jose Rs 4,500/- and goods returned to him Rs. 500/-

i) Cash received from Raju Rs. 3,600/- and goods returned by him Rs. 400/-

j) Withdrew from Bank Rs. 3,000/-

k) Personal Drawings in cash R$ 600/- and from bank Rs. 700/-

l) Goods drawn for domestic purpose Rs 300/-

m) Cheque received from Raju Rs. 2,000/-

n) Cheque from Raju paid into bank Rs.2,000/-

o) Bank charges Rs. 20/-

p) Paid into Bank Rs. 3,000/-

q) Cash Sales Rs. 12,000/-

r) Cash Purchase Rs 11,000/-

s) Wages paid by cheque Rs. 200/-

t) Withdrew from Bank Rs.1,500/