1115.

7196
No. of Printed Pages : 20 PC0-01-

BACHELOR'S PREPARATORY PROGRAMME

(B.P.P.)
(For Non 10+2)
Term-End Examination
June 2015
PC0-01 : PREPARATORY COURSE IN COMMERCE

Time : 2 hours Maximum Marks : 50

mik et) chi s stoi

(W4T 10+2)
Trgiff tritUr
x,2015

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tft.141.311-01 : i■
vi Tr NI R 19 eh 14 I cr Sh1-1

ww~ : 2 e/u2 airgWdxf : 50

PC0-01 1
General Instructions :

Preparatory Course in Commerce (PCO-01) Questions 1 — 50

(i) This is an objective type question paper. Options for the correct answer must be marked
only in OMR sheet.

(ii) All questions are compulsory.

(iii) The question paper consists of 50 questions each of which carries one mark.

(iv) Each question has four alternatives, one of which is correct. Write the Sl. No. of your
correct alternative I answer below the corresponding question number in the OMR sheet
and then mark the rectangle for the same number in that column. If you find that none
of the given alternatives is correct then write 0 and mark in column 0.

(v) Do not waste time in reading the whole question paper. Go on solving questions one by
one. You may come back to the left out questions, if you have time at the end.

PC0-01 2
N/NI.4 14. 40/ :

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PC0-01 3
1. The basic function of Financial Accounting is to
(1) record all business transactions
(2) assist the management in decision-making
(3) present a fair view about the financial position of a business
(4) All of the above

2. Purchase Returns Book is kept to record

(1) returns outwards
(2) credit sales of goods
(3) credit purchases of goods
(4) returns of goods sold

3. The balance of Petty Cash Book is

(1) an income
(2) an asset
(3) an expense
(4) a liability

4. Which of the following will not be shown in the Balance Sheet ?

(1) Machinery
(2) Debtors
(3) Closing stock
(4) Contingent liability

5. Rent Outstanding Account is a

(1) Real A/c
(2) Nominal A/c
(3) Personal A/c
(4) None of the above

6. Debit balance of Suspense A/c will be shown on the

(1) credit side of Trading A/c
(2) debit side of Trading A/c
(3) assets side of Balance Sheet
(4) liabilities side of Balance Sheet
PC0-01 4
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friiti A 33TETTOT Wzi

(1) Trift °LW:1(i Act) it* WC4T

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(1)
(2)

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PC0-01 5
7. Prepaid insurance is
(1) an asset
(2) an expense
(3) a gain
(4) a loss

8. Which account is used for rectification of one-sided errors ?

(1) Cash A/c
(2) Suspense A/c
(3) Trading A/c
(4) Profit and Loss A/c

9. Patents are a/an

(1) Tangible asset
(2) Intangible asset
(3) Current asset
(4) Wasting asset

10. Salaries and wages are shown on the

(1) debit side of Profit and Loss A/c
(2) debit side of Trading A/c
(3) credit side of Trading A/c
(4) credit side of Profit and Loss A/c

11. Manufacturing Account is prepared to find out

(1) Cost of production
(2) Gross profit
(3) Net profit
(4) Cost of sales

12. Income received in advance will be shown in the Balance Sheet as

(1) Fixed assets
(2) Long-term liability
(3) Current liability
(4) Current assets
PC0-01
8. 7W-TRitzi aPitaff **4111T-4* R.,-R RAI (sii; dLiet 14.mi 7TM ?
(1) tlm4
(2) Priem (.3;0)
(3) o.11-lit tsii

(4) •Fri-T-IP

9. 4kEr
(1) TO Li kiLif
(2) alT4pit 44
(3) .cuctlAtiLA

(4) Waft

10. ddm as -grAlt 0044 7r-d-r

(1) 131-0 trki 4
(2) co-uLiik IVO* re."ERT A
(3) ii' 1t -k*itz trkT 4

(4) Witz tlAT A

11. (sin 7TUT

(1) 3t-'41q-1 C11110Ta. cbk4 nC
(2) ticbo WIT TM4*
(3) Pao Tff cbt4
(4) rdstA cipid 1Z-R

12. 3T 1f 7R! 374 trz A Rweli •11 I k11 I I

(1) T-94-Rft tifktiqf A

(2) 4144)141-1 A
(3) -cliciticii*VE1-11
(4) -antiRkila *Vrf 4

PC0-01
13. All direct expenses are shown in
(1) Profit and Loss A/c
(2) Profit and Loss Appropriation A/c
(3) Balance Sheet
(4) None of the above

14. Profit on sale of an asset will be recorded on the

(1) debit side of Trading A/c
(2) credit side of Profit and Loss A/c
(3) debit side of Profit and Loss A/c
(4) credit side of Trading A/c

15. Printing and stationery is charged to

(1) Manufacturing A/c
(2) Trading A/c
(3) Profit and Loss A/c
(4) Balance Sheet

16. Bad debts recovered will be shown on the credit side of

(1) Profit and Loss A/c
(2) Trading A/c
(3) Profit and Loss Appropriation A/c
(4) Capital A/c

17. A person who draws a bill of exchange is known as

(1) Endorser
(2) Drawer
(3) Payee
(4) Drawee

18. Which of the following is sent to a customer when he returns the goods ?
(1) Credit note
(2) Debit note
(3) Cheque
(4) Promissory note

PC0-01 8
13. Wft 31-RIAT Rtsi i 7T-dT

(1) 134-r4 4
(2) 7ri-T-iP .4-111T4 4
(3) .ti - etz 4
(4) 374T cb Tef

14. ti 411 19t)9 trK it+ti .14)411 \111k,"11

(1) 041111t (.11 XIV 4

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(3) 131T*

(4) et4t

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(2) ocni

(3) al-graT
(4) aWdi
18. 7R ml wt) arcrg cbtol t, z14 ci a 414 Vm-Trr t?
(1)
(2) RYZ

(3)

(4) m d

PC0-01
19. Purchases made on credit would affect
(1) Cash A/c only (2) Purchases A/c only
(3) Supplier's A/c only (4) Purchases A/c and Supplier's A/c

20. The system of recording transactions based on dual aspect concept is called
(1) Imprest system
(2) Double entry system
(3) Single entry system
(4) Double account system

21. Which of the following accounts shows a credit balance ?

(1) Plant A/c (2) Wages A/c
(3) Debtors A/c (4) Rent Received A/c

22. Interest on capital is shown on the

(1) debit side of Trading A/c (2) debit side of Profit and Loss A/c
(3) credit side of Trading A/c (4) credit side of Profit and Loss A/c

23. The difference of Trial Balance is shown in

(1) Trading A/c
(2) Profit and Loss A/c
(3) Suspense A/c
(4) Capital A/c

24. Excess of expenditure over income is a

(1) Revenue loss
(2) Revenue profit
(3) Capital gain
(4) Capital loss

25. Double entry system of book-keeping is a system of

(1) reliable records
(2) providing true financial position of a business
(3) helping in locating errors
(4) All of the above

PC0-01 10
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25. At VIA tIc I 1 .5Ff'dt Nulizn "c7W

(1) fdqati-110-1 Rct;ii

(2) oefakfiti 'PT1W cxlfa*=r
(3) Itzll WM (-1A 4 tweicti
(4) 374T Vift

PC0-01 11
26. Which of the following equations is correct ?
(1) Assets = Capital + Liabilities
(2) Assets = Capital — Liabilities
(3) Capital ÷ Liabilities = Assets
(4) Assets = Capital x Liabilities

27. Cost of goods sold is equal to

(1) Sales + Gross profit
(2) Sales ÷ Gross profit
(3) Sales x Gross profit
(4) Sales — Gross profit

28. Real accounts reflect

(1) Liabilities (2) Gains
(3) Expenses (4) Assets

29. Goods given away as donation would be credited to

(1) Sales A/c
(2) Donation A/c
(3) Purchases A/c
(4) Cash A/c

30. 1,000 paid as wages for installation of a machine should be debited to

(1) Cash A/c
(2) Machine A/c
(3) Wages A/c
(4) None of the above

31. Which of the following is not a current asset ?

(1) Patents
(2) Debtors
(3) Closing stock
(4) Prepaid expenses

PC0-01 12
26. PH cl chtui ?
(1) 1-114kAeit =tt + tzra-rq
(2) =

(3) VI =mil =
(4) = tlt xtzraTI

27. TR 1TT A c1I'1d

(1) astm + ticbo

(2) -F4-71•
- (-sewT`T
(3) cishei x*icho
(4) raze! — ticbo

28. ciii-cifd.r) mfA ssio

(1)tzraT1 (2)11-T
(3) 'T (4) 14 TNT

29. Tq. A fqt i -1-Tr . *ftz fchell 411411

(1) 19h11 A
(2) -qTq tsii
(3) --zr 4
(4) t 4.4 tsii

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JII- 1.F
47
.

(1) )ct.4
(2)
(3) 1:1740 IVA
(4) 3,44 A A. ehli R-ef

31. PI--1 c1 A 04-1ft ii4f Re' ?

(1) 4kR
(2) -Kit
(3) aft i-dict)
(4) Tiqff

PC0-01 13
32. Pass Book is a copy of
(1) Cash Book relating to bank column
(2) Cash Book relating to cash column
(3) Firm's receipts and payments
(4) Customer's A/c in the bank's books

33. Bank Reconciliation Statement is prepared by the

(1) Auditor of the bank (2) Creditors
(3) Bank (4) Customers of the bank

34. Bank overdraft is a/an

(1) Current asset
(2) Current liability
(3) Intangible asset
(4) Tangible fixed asset

35. Trade marks are treated as

(1) Fictitious asset (2) Tangible asset
(3) Intangible asset (4) Current asset

36. Underwriting commission is an example of

(1) Capital loss (2) Capital expenditure
(3) Revenue expenditure (4) Deferred revenue expenditure

37. Revenue is said to be realized when

(1) Sales are made
(2) Cash is received
(3) Goods are manufactured
(4) Both (1) and (3)

38. Preliminary expenses are a/an

(1) Fixed asset
(2) Fictitious asset
(3) Tangible asset
(4) Intangible asset

PC0-01 14
32. 1RI •g"

(1) 44.4 At *U

(2) 4:t4 * 444 aniciii

(3) TO NA44.1 a

(4) U*I' e4q1*3331:17 ;41)*131-0

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(1) U* 344T (2) (*)-Icik

(3) (4) k 574 "grn

(2) >c 41114 `

(3) aTge4tkti4nc (4) mitz0

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(1) ektrrd (2) 1:11riTff "aRF rr
(3) 31rzfrrff f"it (4) 371:0:11ff aTrzPrd

37. 37'4 cito ITT* t

(1) shei 61di

(2)TrdIq 6)cii

(3) RIF WI ui

(4) (1) WM (3) ).1-it ,711

38. mit 4- ct)

(1) Pluzll tifkkiLA

(2) cbicAAct) (311ITTEft) tatr-A

(3) T4 4 44

(4) ape
PC0-01 15
39. Which of the following is treated as a liquid asset ?

(1) Prepaid expenses

(2) Cash in hand

(3) Credit balance of a bank account

(4) Bills Receivable (B/R)

40. Rent outstanding appearing in Trial Balance will be shown in

(1) Trading A/c
(2) Manufacturing A/c
(3) Liabilities side of Balance Sheet
(4) Assets side of Balance Sheet

41. Goods returned worth 30,000 by Shyam & Co. were taken into stock for 3,000. It
is an error of
(1) Commission (2) Principle
(3) Omission (4) Compensating

42. Current liabilities do not include

(1) Outstanding expenses
(2) Accrued income
(3) Proposed dividend
(4) Bank overdraft

43. Small donation received for general purpose is to be taken as

(1) Capital receipts
(2) Capital expenditure
(3) Revenue expenditure
(4) Revenue receipts

44. Sales tax is charged to

(1) Profit and Loss A/c
(2) Manufacturing A/c
(3) Trading A/c
(4) Balance Sheet
PC0-01 16
39. 1 .i1iR i 4 A- ct, xi (44 1:11417M11
(1) sicri wo:f

(2) lct)VR)14
(3) ft NI; OgZ
(4) 311174 F610 (B/R)

40. oc-rie. 4 tzFT 317114 i%1T4T 1(S11041 v1R111

(1) 00-1141k 4

(2) a (911

(3) c.)ti 4e.* tzral traT 4

(4) (4ti * 1-114.1,414(i 14$1 4

41. e411-1 ART AZFIT TRTT 30,000 fTTTc k-dicb 3,000 'TT TRIT I zig
aTgt
(1) C•tglcblei (V) *t (2) 1i.gici
(3) *r () (4) triltff

42. zIIN, el c114 4

(1) aru wzi

(2) 317147 374

(3) SR-CI I cid 711TiT CV4V

(4) ft 3114 1E

43. (-111-11-04 344111* R-K 31771 .0 T-4 *119111 ITT*

(1) ttrrff NCH

(2) VIM Wzi

(3) aTRITIff ART
(4) 34711M 51IrH

44. rasbei "41\4 14ell 7MT t

(1) NI; 4
(2) raPHlui tsti 4

(3) ogiLm (.sii 4

(4) (.11 trz 4

PC0-01 17
45. Sale of old newspapers will be recorded in
(1) Balance Sheet
(2) Trading A/c
(3) Profit and Loss A/c
(4) Profit and Loss Appropriation A/c

46. Carriage inwards are shown in

(1) Profit and Loss A/c
(2) Trading A/c
(3) Balance Sheet
(4) Capital A/c

47. Cash given away as charity shall be debited to

(1) Cash A/c
(2) Purchases A/c
(3) Sales A/c
(4) Charity A/c

48. Contra entry appears on both the sides of

(1) Cash Book
(2) Sales Book
(3) Balance Sheet
(4) Purchases Book

49. Premium received on issue of shares is treated as

(1) Current liability
(2) Capital profit
(3) Current asset
(4) Fixed asset

50. A copy of Customer's A/c given by the bank is called

(1) Cash Book
(2) Sales Book
(3) Pass Book
(4) Cheque Book
PC0-01 18
45. k1Hiviit-711 ftzrr 411101

(1) tre 4

(2) eqr-iit VA 4

(3) 13fT4 4

(4) VA 4

46. 3TITM RtsiR

(1) liff
(2) 00-1141,k WA. 4
(3) c•Iti tre 4
(4) t41. TifA 4
47. 7 1'1 ki e.
(1) t1.n4 vrrc
(2) VIT"

(3) f4-7F
(4) TR. lirT"

48. 3ritriVi (Contra entry) Rtg wettql 74114

49. )441* 3111:ff +41-1 (aTtivr) vit Tilt Wert 7W

(1) miicttiol

(2) ttiTd IT
(3) viic-Oiktigi
(4) TATOrtl

50. 1Tut .wr4 awn mict.)* VA At -Icbc1 rard't

(1) tlq.4 *I*

(2) %WI Att

(3) TIM
(4) 4W

PC0-01 19
 SPACE FOR ROUGH WORK
wrzi Pm7 7Trg

PC0-01 20