Total No. of Questions : 4] SEAT No.

82
PB-1377 [Total No. of Pages : 5

ic-
[6224]-602

t
sta
T.Y. B.Com.

0
0:4
1
362 : ADVANCED ACCOUNTING - II

9:2
4/2 21
(2019 Pattern) (CBCS) (Semester - VI)

40
4/0 10
02
Time : 2½ Hours] [Max. Marks : 70
0
Instructions to the candidates:
9.8 AP

1) Questions No. 1 is compulsory.

49 CA

22

2) Attempt any 2 Questions form the Question No. 2, 3 & 4.

82
3) Figures to the right indicate full marks.

ic-
.21

tat
Q1) A) Fill in the blanks with the most appropriate alternative. (Any 5)

0s
[5 × 1 = 5]
2.1

0:4
11
i) ________ are not formed for earning profit.
20

9:2
a) Co-operative Society b) Public Company
02
40

c) HUF d) Private Company

02
01

ii) Dividend received on shares is comes to the _______ side of profit

4/2
AP

and loss account.

4/0

a) Income b) Expenditure
CA
22

c) Interest d) Loss

-82
9.8

iii) Branch not keeping the full system of accounting is also known
tic
.21

as ________.
sta
49

a) Foreign Branch b) Dependent Branch

:40
2.1

c) Independent Branch d) None of the above

:20
11
20

iv) Branch account is prepared to ascertain __________.

09
02

a) Profit and Loss of the Branch

24

b) Financial Statement of the Business

01
/20

c) Assets and Liability of the Head Office

9.8 AP
/04

d) None of the above

4

v) _________ is prepared to maintaining the small expenses like

CA
22

carriage postage, entertainment etc.

a) Management Books b) Petty Cash Book
.21

c) Accounting Books d) None of the above

49
2.1

P.T.O.
20
 vi)Debt to equity ratio establishes the relationship between _______.

82
a) Long-term debt (external equities) and current assets (internal

ic-
equities)

t
sta
b) Current Assets and Current Liabilities
c) Long-term debt (external equities) and owner’s equity (internal

0
0:4
equities)

1
9:2
4/2 21
d) None of the above

40
vii) _________ can be utilized for the purpose of construction of
4/0 10
building for the business of the Society.
02
0
a) Building Fund b) Reserve Fund
9.8 AP

c) Education Fund d) Loans and Advances

B) State whether the following statements are True or False. (Any 5)
49 CA

22

[5 × 1 = 5]

82
i) A society which as proclaimed as its objective the promotion of

ic-
.21

economic interest of its member.

tat
ii) The word Co-operation is working together for common purpose.

0s
iii) Stock and Debtors method is adopted generally in those branches
2.1

0:4
which are small in size.
11
20

9:2
iv) Net worth of the Company is Total Assets minus Total Liabilities.
02
40

v) All branch expenses such as rent, salary are paid by branch in case
of Dependent Branch.
02
01

vi) The primary objective in the formation of Co-operative Credit Society

4/2
AP

is promoting of saving.
4/0

vii) Debtors Turnover Ratio is expressed in terms of times.

CA
22

C) Match the following : [5 × 1 = 5]

-82
9.8

Group 'A' Group 'B'

i) Maharashtra Co-operative a) R.D.D. tic
.21

sta
Society Act
49

:40

ii) Reserve for Doubtful Debts b) 1960

2.1

iii) Loaning in Opening & Closing c) AI

:20
11
20

Stock
09
02

iv) Working Capital d) Current Assets Less

24

Current Liabilities
01
/20

v) Artificial Intelligent e) Stock Reserve Account

9.8 AP

D) Write Short Notes (Any 3) : [3 × 5 = 15]

/04

i) Forensic Accounting
4
CA
22

ii) Accounting for Corporate Social Responsibility

iii) Accounting for Derivative Contracts
iv) Independent Branches
.21

v) Objectives of Ratio Analysis

49
2.1

[6224]-602 2
20
Q2) From the following trial balance of Amruteshwar Co-operative Credit Society

82
Limited, Pune for the year ended 31st March 2024. Prepare Profit and Loss

ic-
Account for the year ended 31st March 2024 and Balance Sheet as on that date

t
after considering the adjustment given thereafter. [20]

0 sta
0:4
Trial Balance as on 31st March 2024

1
Particulars Debit Rs. Credit Rs.

9:2
4/2 21
Share Capital

40
Paid up capital 4/0 10 12,00,000

02
Cash in Hand 400 -
0
9.8 AP

Cash at Bank 30,000 -

Cash Credit (A.S.N.C Bank) - 2,70,000
49 CA

22

Reserve Fund - 1,60,000

82
Postage & Telegrams 200 -

ic-
Travelling Expenses 800 -
.21

tat
Advertisement 1,000 -

0s
Interest on Loan - 2,40,000
2.1

0:4
Dividend Equalization Fund - 20,000
11
20

9:2
Building Fund - 20,000
02
40

Loan to Members
02
01

1. Medium Term 16,40,000

4/2

2. Emergency 20,000
AP
4/0

Insurance 1,200 -
CA

General Expenses 1,000 -

22

-82
Audit Fees 1,600 -
9.8

tic
Common Good Fund - 10,000
.21

sta
Interest on Fixed Deposits - 14,000
49

Dividend on Shares - 8,000

:40
2.1

Sale of loan forms - 400

:20
11
20

Profit & Loss A/c (Opening) - 46,400

09
02

Furniture 6,000 -
24

Printing & Stationery 3,000 -

01
/20

Annual General Meeting expenses 3,600 -

9.8 AP
/04

Honorarium to secretary 8,000 -

4

Interest on Cash Credit 32,000 -

CA
22

Investment in shares of A.S.N.C Bank 80,000 -

Investment of reserve fund in fixed deposit 1,60,000 -
.21

Total 19,88,800 19,88,800

49
2.1

[6224]-602 3
20
 Additional Information :

82
a) Stock of stationery as on 31st March 2024 was Rs. 1,000/-

ic-
b) Interest accrued on Investment amounted to Rs. 2,000/-

t
sta
c) Provide depreciation at 10% p.a. on Furniture.
d) Provide for Bad & Doubtful Debts Rs. 1,000/-

0
0:4
e) Honorarium payable to the secretary Rs. 800/-

1
9:2
f) The Authorised Share Capital are Rs. 20,00,000/-

4/2 21
40
4/0 10
Q3) The following is Profit and Loss A/C and Balance Sheet of GG Ltd. Pune for

02
the year ended on 31st March 2024. [20]
0
9.8 AP

st
Trading and Profit & Loss Account for the year ended 31 March, 2024
Particular Rs. Particular Rs.
49 CA

22

To Opening Stock 10,00,000 By Sales 90,00,000

82
To Purchases 60,00,000 By Closing stock 12,00,000

ic-
To Carriage and Freight Inward 2,00,000
.21

tat
To Gross Profit b/d 30,00,000

0s
Total 1,02,00,000 Total 1,02,00,000
2.1

0:4
To Administration Expenses 14,00,000 By Gross Profit b/d 30,00,000
11
To Selling and Dist. Expenses 2,50,000 By Non-Operating Incomes:
20

9:2
To Non-Operating Expenses 50,000 Interest on Securities 1,00,000
02
40

To Net Profit c/d 14,00,000

02
01

Total 31,00,000 Total 31,00,000

4/2
AP

Balance Sheet as no 31st March, 2024

4/0

Liabilities Amt. Rs. Assets Amt. Rs.

CA
22

-82
Equity Share Capital 20,00,000 Land and Building 10,00,000
9.8

Reserves & Surplus 17,00,000 Plant and Machinery 12,00,000

tic
.21

Sundry Creditors 10,00,000 Stock 12,00,000

sta
49

Bills Payables 5,00,000 Debtors 10,00,000

:40
2.1

Bills Receivables 2,00,000

:20
11
20

Cash at Bank 6,00,000

09

Total 52,00,000 Total 52,00,000

02
24
01

Calculate :
/20
9.8 AP

a) Gross Profit Ratio

/04

b) Net Profit Ratio

4
CA
22

c) Operating Ratio
d) Current Ratio
e) Liquid Ratio
.21

f) Stock Turnover Ratio

49
2.1

[6224]-602 4
20
Q4) ‘M’ Corporation of Pune has a branch at Satara. The head office (H.O) invoice

82
goods to branch at 25% on Invoice Price. The branch transfers all cash received

ic-
to H.O. in daily. All branch expenses are paid from the H.O. The following

t
sta
information are available for the year 2023-2024. [20]
Particulars Amount (Rs.)

0
0:4
Branch Stock (1.4.2023) at Invoice Price 80,000

1
9:2
Branch Debtors (1.4.2023) 20,000

4/2 21
Petty cash (1.4.2023) 2,000

40
Cash sales 4/0 10 30,000

02
Discount Allowed to Branch Debtors 4,000
0
9.8 AP

Bad Debts Written off 3,000

Return from Customer 1,500
49 CA

22

Collection from Debtors 1,20,000

82
Goods Sent to Branch (Invoice Price) 2,00,000

ic-
Goods Return to H.O (Invoice Price) 16,000
.21

tat
Credit Sales 1,50,000

0s
Closing Stock (at Invoice Price) (31.3.2024) 1,00,000
2.1

0:4
Cheques received from H.O for expenses.
11
20

9:2
1. Salaries 12,000
02
40

2. Rent & Taxes 6,000

3. Advertising 5,000
02
01
4/2

4. Petty cash 3,000

AP

Actual Petty Expenses incurred by Branch 4,000

4/0

You are prepare the following the Branch Accounts for the year ended on
CA
22

31st March 2024:

-82
9.8

a) Branch Stock A/c,

tic
.21

sta
b) Branch Debtors A/c,
49

c) Branch Petty Cash A/c,

:40
2.1

d) Branch Adjustment A/c,

:20
11
20

e) Branch Expenses A/c,

09
02

f) Branch Profit & Loss A/c.

24
01
/20


9.8 AP
4 /04
CA
22
.21
49
2.1

[6224]-602 5
20