The document outlines a test paper for finance and accounts under a pre-placement aptitude test conducted by Account-age Infotech, an ISO 9001:2008 certified company. It includes various sections such as theoretical questions, practical tasks using Tally ERP-9, true/false statements, and fill-in-the-blank questions, covering journal entries, VAT, TDS, and service tax calculations. The document emphasizes the importance of understanding accounting principles and practical applications in finance for candidates seeking employment.

1. Banking, Financial & HR Services
ACCOUNT- AGE INFOTECH
ISO 9001:2008 Certified Company
Training ★ Placement ★ Recruitment ★ Consulting
Rashtriya Udhyog Rattan Award Winner
Corporate office: 6 Tapovan Marg , Raipur Road Dehradun (Uttarakhand) 248001
Mob : 09897492289, Email : hrpeopledelhi@gmail.com
PRE-PLACEMENT APTITUDE TEST : PAT-2016
TEST PAPER : FINANCE & ACCOUNTS
Name of the Total Marks
Candidate …………………………………………………………… Marks Obtained
100
Educational Q- 1/20
Qualification
Professional Q- 2/20
Qualification
Address for Q- 3/20
Correspondence
Phone Number Q- 4/20
Mobile No
Phone Number Q- 5/20
Mobile No.
Freshers/ TOTAL
Experience
FOR OFFICE USE
Applicant /Selected / Rejected .
REMARKS
DATED ……………………….. SIGNATURE OF CANDIDATE

2. ACCOUNT- AGE INFOTECH
ISO 9001:2008 Certified Company
Training ★ Placement ★ Recruitment ★ Consulting
TEST PAPER : FINANCE & ACCOUNTS
Duration: 2 Hrs
Total Marks : 100
1-Attempt all 5 questions. Question Sr no 1 - 3 (Theoretical ) 2-
Question No 4 & 5 is compulsory in Tally ERP- 9 (Practical)
3- Do write the Answers in the blank space given in each question (Sr 1-3 only)
Question 1: Pass the necessary journal Entries of the following transactions
Marks: 20
F… Dr……………………………Group…………………. -Deposited into S.B.I A/c 800
Cr……………………………Group………………….
F… Dr……………………………Group…………………. FDR issued by the Bank 500
Cr……………………………Group…………………. against SBI Ch:237987
F… Dr……………………………Group…………………. -Received Cash from 790
Cr……………………………Group…………………. Ashok kumar Against Bill
F… Dr……………………………Group………………….
No:98 10
Cr……………………………Group…………………. -Discount allowed to A
F… Dr……………………………Group…………………. -Purchased Furniture for 750
Cr……………………………Group…………………. cash from M/s Bharat
Furniture Bill -9860
F… Dr……………………………Group…………………. -Paid to B by 745
Cr……………………………Group…………………. SBI Ch:297003
F… Dr……………………………Group…………………. -Received discount 5
Cr……………………………Group………………….
F… Dr……………………………Group………………… -Received from C by Draft 500
Cr……………………………Group……………….. and deposited into SBI a/c
F… Dr……………………………Group…………………. -Credit Sales to M/s Harish 785
Cr……………………………Group…………………. & Co. against bill no 12
F…
Dr……………………………Group…………………. -Cash Deposited into Car
1,900
Cr……………………………Group…………………. Loan a/c
F… Dr……………………………Group…………………. -Purchased a Maruti Car 6,140
Cr……………………………Group…………………. from Maruti Udhyog by SBI
cheque No:297004
F… Dr……………………………Group…………………. -Paid SBI Ch: 297005 647
Cr……………………………Group…………………. to D against Bill no 675

3. F… Dr……………………………Group…………………. Discount Received 10
Cr……………………………Group………………….
F…
Dr……………………………Group…………………. Withdraw Cash From the
375
Cr……………………………Group…………………. PNB A/C for Personal Use
F… Dr……………………………Group…………………. Withdrew from SBI-CA298 250
Cr……………………………Group…………………. for office use against Ch
no:297006
F… Dr……………………………Group…………………. Purchased Laptop for 350
Cr……………………………Group…………………. Credit from M/s Dabar & co
F… Dr……………………………Group…………………. Paid Salary to Mr Harish 450
Cr……………………………Group…………………. through SBI CA-298
F… Dr……………………………Group…………………. Discounted a Cheque of Mr 4000
Cr……………………………Group…………………. Dinesh Kumar @ Rs 10/-
Dr……………………………Group…………………. per thousand and
Deposited into PNB A/c
F… Dr……………………………Group…………………. Received from Amar Singh 50
Cr……………………………Group…………………. a Cheque of Rs 1250/-
deposited in PNB,
Dr……………………………Group…………………. But next day return by the
Cr……………………………Group…………………. PNB due to the reason
“Refer to Drawer”
F… Dr……………………………Group…………………. Received a PNB Cheque 2000
Cr……………………………Group…………………. from Sohan Lal & Endosed
in favour of Mohan Lal
F… Dr……………………………Group…………………. Paid a cheque to Ram Saran 1575
Cr……………………………Group…………………. for cash purchase of
Furniture for office use.
Question : 2
Please Tick Mark the Correct answer ( True /False) Marks: 20
- Return Inward a/c –Dr True /False - Party a/c –Dr True /False
To Purchase a/c To Purchase a/c
-Party a/c –Dr True /False - Bank a/c –Dr True /False
To Return Outward a/c To Sales a/c
- Party a/c –Dr True /False - Cash a/c –Dr True /False
To Bank a/c To Dividand a/c
-Purchase a/c-Dr True /False -Mahesh a/c-Dr True /False
To Return Outward To Credit Sales
To Supplier a/c To Return Inward
-Mahesh a/c-Dr True /False -SBI A/c –Dr True /False
To Credit Sales -Bank Charges-Dr
To Return Inward To Mahesh
-Dinesh A/c –Dr True /False -SBI A/c –Dr True /False
-Bank Charges-Dr - To FDR
To PNB -To Interest a/c
-Drawing a/c-Dr True /False - PNB A/c –Dr True /False
To SBI A/C - To Car
-To Interest a/c

4. -Car Loan a/c True /False -Fixed Deposit –Dr True /False
To Cash Credit A/c To Car Loan a/c
Fixed Assets –Dr True /False -Car Loan –Dr True /False
To Depreciation a/c To FDR a/c
Divicend Recd a/c –Dr True /False FDR A/C –Cr True /False
To Bank a/c To Interest
To PNB A/C
Loss of Assets –Dr True /False Loss of Cash due True /False
To Capital a/c to Theft a/c –Dr
To Bank a/c
Sales of Assets –Dr True /False Purchase a/c –Dr True /False
To PNB A/c To Vat out put a/c
To Mahesh a/c
Car a/c-Dr True /False Purchase A/c-Dr True /False
To Depreciation a/c To Return Inward
To Cash
Life Insurance Policy a/c-Dr True /False Manish a/c –Dr True /False
To PNB A/c To Purchase a/c
Life Insurance Policy a/c-Dr True /False Manish a/c –Dr True /False
To PNB A/c To Purchase a/c
Prepaid a/c –Dr True /False Cash Credit –Dr True /False
To Rent A/c To Saving a/c
Saving Bank A/C-Dr True /False Rent A/c –Dr True /False
To Current a/c To outstanding
Rent A/c
Saving Bank A/C-Dr True /False Rent A/c –Dr True /False
To CASH a/c To Fixed Deposit
Cash A/C-Dr True /False Fixed Deposit –Dr True /False
To Salary a/c Cash Credit a/c
Pre-Paid Salary a/c-Dr True /False Rent a/c –Dr True /False
To Salary A/C To Pre-paid A/c
Question : 3 Fill in the blanks Marks: 10
Part –A
1-Out Standing Wages appears in the …………………………………………………………………………
2-Patent & Trade Marks are ……………………………………………………………………………………..
3-Pre-Paid Salary comes in the ………………………………………………………………………………..
4-Return Inwards debited to ……………………………………………………………………………………
5-Return outward debited to ……………………………………………………………………………………
6-Fixed Deposit Receipts a/c comes under the head ……………………………………………………..
7-Interest on FDR comes in the ………………………………………………………………………………
8-Interest on Over Draft comes in the ………………………………………………………………………
9-Cash in Hand is……………………………………………………………………………………………….
10-Bank Over draft is…………………………………………………………………………………………..

5. Part –B
Write down the 10 Adjustment Entries for the following Marks: 10
1-Discount paid to Debtors a/c
Dr ………………………………………………Cr……………………………………………..
2-Discount Received from Creditors a/c
Dr ………………………………………………Cr……………………………………………..
3-Pre-Paid Expenses a/c
Dr ………………………………………………Cr……………………………………………..
4-Out standing Expenses a/c
Dr ………………………………………………Cr……………………………………………..
5-Interest received on Saving Bank a/c
Dr ………………………………………………Cr………………………………………………
6-Interest Received on FDR A/C + Interest on FDR
Dr ……………………………Cr…………………………………Cr……………………………..
7-Interest on Additional Capital a/c
Dr ………………………………………………Cr………………………………………..
8-Interest on Bank OD a/c
Dr ………………………………………………Cr………………………………………..
9-Depreciation on Furniture a/c
Dr ………………………………………………Cr………………………………………..
10-Loss of cash of Mr Sahni (Accountant) in the office due to Theft
Dr ………………………………………………Cr………………………………………..

6. Question : 4 Marks: 10
PRACTICAL (1)
Calculate the VAT –Value Added Tax
(Through TALLY ERP 9)
Name of item Under Rate per litre
Opening balance of
Refined Ghee - 4% 5 Kg @50/-
Mustard oil 12.5% 5 Kg @80/-
PURCHASE FROM ABC & CO
Refined Ghee - 4% 10 KG @50/-
Mustard oil 12.5% 10 KG @80/-
SALE TO KBC & CO
Refined Ghee - 4% 12 KG @55/-
Mustard oil 12.5% 14 KG @85/-
AT DISCOUNT OF 2 % ( ANSWER VAT PAYABLE : Rs 51.65)
PRACTICAL (2)
Calculate the TDS -Tax Deducted at Source
(Through TALLY ERP 9)
Marks: 5
Gupta Associates a Chartered Accountant Firm took a Audit Work in the
Financial Year 2010-11 of an Manufacturing company named M/S Birla Cement
Ltd –Delhi As per details as below
Professional Service Charges Rs 25,000/- (Pan card holder)
I.Tax @ 10% 2,500/-
Surcharge @ 0% Nil/-
Edu.cess @ 0% Nil/-
Sec Higher Edu Cess @ 0% Nil/-
--------------------------
Net TDS 2500/-

7. PRACTICAL (3)
Calculate the Service Tax
(Through TALLY ERP 9)
Marks: 5
M/s Johra Tour & Travels Delhi, raised an Invoice No 6754 of Rs 20,000/-as
Ticketing charges from Delhi to Pune from Mr Gagandeep singh Ranotra as
service charges as per chart below as Rs 2060/- ( Total Rs 22060/-) for his
ticket booking from Delhi to Pune.
Tour & Travel Services charges : 20,000/-
Service Tax @ 10% 2000/-
Edu.Cess @2% 40/-
Higher Edu. Cess @1% 20/-
Total amount : 22060/-
Question : 5
Marks: 20
From the following balances, and the under mentioned particulars you are required
to make out a Trading and Profit and Loss Account for the year ended 31st
March,
2011 and a Balance Sheet as on date.
Rs. Rs.
Trade Creditors 35,780 Discount Received 5,800
Bills Payable 18,700 Bills Receivable 5,360
Law Charges 420 Purchases 1,17,200
General Expenses 7,580 Stock (1.4.2010) 63,900
PNB Saving Bank-a/c 18,980 Trade Debtors 63,220
Capital Account Carriage Inwards 3,580
A-Ramesh Kumar 1,00,000

8. B-Mahesh Kumar 69,200
Lease hold premises 40,000 Returns Inwards 28,600
Housing Loan a/c 40,000 Salaries 15,700
Returns Outwards 16,200 Sales 1,98,400
Interest on Saving 2,200 FDR 2,600
Bank a/c
Cash in hand 400 Rent 11,200
Discount allowed 8,600 Plant and Machinery 59,000
Wages 39,940 Lap Top 30,000
(Manufacturing)
Bank Over Draft 30,000 Commission 1500
Received
Travelling allowance 500 Printing & Stationery 1000
Mr Sahil Loan (Dr ) 2000 Security received 2000
(against Rented
house)
Carriage on Sales 500 Rent Received 500
Scooter Expenses 2600 Car Loan a/c 2600
The following additional information is available,Kindly made the
following adjustment Entries as on 31-3-2011
1-Bad Debts estimated at Rs. 2,910; & Discount on debtors @
3% 2-Discount on creditors 2%;
3-Interest on Housing loan Rs. 1,600;
4-depreciation on plant and machinery 10%;
5-Allow interest on Capital of Mr Ramesh Kumar @ 5%
P.A. 6-Rs. 150 is due for wages , Paid Rent in Advance Rs
50/-7- Interest Rs. 210 is to be received on Fixed
deposits(FD) 8- Interest on Bank Overdraft Rs. 300 is to
be paid. 9-Commission Received in advance Rs 100
10-Salary of Rs. 2,000 paid to Mr. Sahil, wrongly debited to his personal a/c
11- Scooter is used for business as well as for private purposes equally
12-Stock in hand at 31st
March, 2011 was Rs. 93,840
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