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Roll No........................... Total No.

of Questions : 13]

[Total No. of Pages : 03

Paper ID [H1127]
(Please fill this Paper ID in OMR Sheet)

B.Sc. (HMCTT/HMT - 506/203) (Old) (Sem. - 5th) HOTEL ACCOUNTANCY


Time : 03 Hours Maximum Marks : 75

Instruction to Candidates: 1) 2) Q1) a) b) c) d) e) f) g) h) i) j) k) l) n) o) What do you mean by an account? What is meant by totaling of an account? Give the meaning of contra entry with example. What is the purpose of credit note? Section - A is Compulsory. Attempt any Nine questions from Section - B. Section - A

(15 x 2 = 30) Mention two main objectives of accounting in hotel business.

Explain error of omission with the help of an example. Differentiate between gross profit and net profit. Mention the meaning of revenue expenditure with examples. Name any four intangible assets. What is meant by partner in profits only? Explain fluctuating capital method. How interest on drawings is calculated? How problems related with multiplication and divisions are solved? Discuss the uses of accounting in catering business.

m) Mention few uses of computers in hospitality business.

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Section - B (9 x 5 = 45) Q2) Journalise the followings : (a) Income tax paid Rs. 2000. (b) Life insurance premium paid Rs. 3000. (c) Paid to verma Rs. 4975 in full settlement of Rs. 5000. (d) Cash Rs. 101 and goods Rs. 50 given away as charity. (e) Fire insurance premium paid Rs. 2500. Q3) A and B are partners sharing profits and losses equally with capital of Rs. 30000 and Rs. 20000 respectively. Their drawings during the year are as follows: As Drawings on 31-3-2006 Rs. 500 30-4-2006 Rs. 600 1-7-2006 Rs. 450 1-12-2006 Rs.1400 B drew Rs. 300 at the end of each month. The deed provides for interest on capitals and drawings at 6%. Calculate interest on capitals and drawings. Q4) Calculate Total equity if (a) Owners equity is Rs. 400000. (b) Creditors are Rs. 40000. (c) Revenue during the year is Rs. 28000 and (d) Expenses incurred during the year are Rs. 4000. Q5) Give the classification of accounts and their accounting rules. Q6) Is agreement of trial balance a conclusive evidence of accuracy of books of accounts? Q7) Why Bank reconciliation statement is prepared? Q8) Give the specimen of profit and loss account by using imaginary figures. Q9) Mention any five adjustments with their accounting treatment.

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Q10)How partners capital accounts are prepared under fixed capital method? Q11)Bring out clearly a distinction between sole proprietorship and partnership. Q12)Mention in detail the various advantages of computer in hospitality business. Q13)Discuss the objectives and importance of accounting in hotel business.

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