Aptitude Test -Accounts Executive

8/10/2019 Aptitude Test -Accounts Executive

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Banking, Financial & HR Services

ACCOUNT- AGEInfotech Pvt.Ltd

ISO 9001:2008 Certified Company

Training Placement Recruitment Consulting(Regd under Companies Act 1956, Ministry of Corporate Affairs. Govt Of India)

Rashtriya Udhyog Rattan Award Winner

Corporate office: U -87,First Floor,Shakarpur, Near Gurdwara,Laxmi Nagar Metro Station

(Backside of Gate 2), Main Vikas Marg DELHI -110092,

PRE-RECRUITMENT APTITUDE TEST -2011

TEST PAPER : FINANCE & ACCOUNTS

Name of theCandidate

TotalMarks100

MarksObtained

EducationalQualification

Q- 1/20

ProfessionalQualification

Q- 2/20

Address fo rCorrespondence

Q- 3/20

Phone NumberMobile No

Q- 4/20

Phone NumberMobile No.

Q- 5/20

Freshers/Experience

TOTAL

FOR OFFICE USE

Appl ic ant /Selected / Rejected .

REMARKS

DATED .. SIGNATURE OF CANDIDATE


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ACCOUNT- AGEInfotech Pvt.Ltd

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 compul sory in Tally ERP- 9 (Practical)3- Do wr ite the Answers in the blank space given in each question (Sr 1-3 only)

Question 1: Pass the necessary journal Entries of the follow ing transactions

Marks: 20

F DrGroup.CrGroup.

-Deposit ed in to S.B.I A/c 800

F DrGroup.CrGroup.

FDR issued by the Bankagainst SBI Ch:237987

500

F

F

DrGroup.CrGroup.

DrGroup.CrGroup.

-Received Cash fromAshok kumar Against Bi llNo:98

-Discount allowed to A

790

10

F DrGroup.

CrGroup.

-Purchased Furniture for

cash from M/s BharatFurnitu re Bill -9860

750

F

F

DrGroup.CrGroup.

DrGroup.CrGroup.

-Paid to B bySBI Ch:297003

-Received discount

745

5

F DrGroupCrGroup..

-Received from C by Draftand deposi ted into SBI a/c

500

F

F

DrGroup.CrGroup.

DrGroup.CrGroup.

-Credit Sales to M/s Harish& Co. against bill no 12

-Cash Deposited into Car

Loan a/c

785

1,900

F DrGroup.CrGroup.

-Purchased a Maruti Carfrom Maruti Udhyog by SBIcheque No:297004

6,140

F DrGroup.CrGroup.

-Paid SBI Ch: 297005to D against B ill no 675

647


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-Car Loan a/cTo Cash Credit A/c

True /False -Fixed Deposit DrTo Car Loan a/c

True /False

Fixed Assets DrTo Depreciation a/c

True /False -Car Loan DrTo FDR a/c

True /False

Divicend Recd a/c DrTo Bank a/c

True /False FDR A/C CrTo InterestTo PNB A/C

True /False

Loss of Assets DrTo Capital a/c

True /False Loss of Cash dueto Theft a/c Dr

To Bank a/c

True /False

Sales of Assets DrTo PNB A/c

True /False Purchase a/c DrTo Vat out put a/cTo Mahesh a/c

True /False

Car a/c-DrTo Depreciation a/cTo Cash

True /False Purchase A/c-DrTo Return Inward

True /False

Life Insurance Pol icy a/c-DrTo PNB A/c

True /False Manish a/c DrTo Purchase a/c

True /False

Life Insurance Pol icy a/c-DrTo PNB A/c

True /False Manish a/c DrTo Purchase a/c

True /False

Prepaid a/c DrTo Rent A/c

True /False Cash Credit DrTo Saving a/c

True /False

Saving Bank A/C-DrTo Current a/c

True /False Rent A/c DrTo outstanding

Rent A/c

True /False

Saving Bank A/C-DrTo CASH a/c

True /False Rent A/c DrTo Fixed Deposit

True /False

Cash A/C-DrTo Salary a/c

True /False Fixed Deposit DrCash Credit a/c

True /False

Pre-Paid Salary a/c-DrTo Salary A/C

True /False Rent a/c DrTo Pre-paid A/c

True /False

Question : 3 Fill in the blanks Marks: 10Part A

1-Out Standing Wages appears in the

2-Patent & Trade Marks are ..

3-Pre-Paid Salary comes in the ..

4-Return Inw ards debit ed t o

5-Return outward debi ted 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..


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Question : 4 Marks: 10

PRACTICAL (1)

Calculate the VAT Value Added Tax

(Through TALLY ERP 9)

Name of item Under Rate per li tre

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 Audi t Work in the FinancialYear 2010-11 of an Manufacturing company named M/S Bir la Cement Ltd DelhiAs 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/-


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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 : 5Marks: 20

From the follow ing balances, and the under mentioned particulars you are required tomake out a Trading and Profit and Loss Acc ount for the year ended 31st March, 2011and a Balance Sheet as on date.

Rs. Rs.

Trade Creditors 35,780 Discoun t Received 5,800

Bi lls Payable 18,700 Bi lls 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

A-Ramesh Kumar 1,00,000

Carriage Inwards 3,580


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B-Mahesh Kumar 69,200

Lease hold premises 40,000 Returns Inwards 28,600

Housing Loan a/c 40,000 Salaries 15,700

Return s Outwards 16,200 Sales 1,98,400

Interest on Saving

Bank a/c

2,200 FDR 2,600

Cash in hand 400 Rent 11,200

Discoun t allowed 8,600 Plant and Machinery 59,000

Wages

(Manufacturing)

39,940 Lap Top 30,000

Bank Over Draft 30,000 Commission

Received

1500

Travelling allowance 500 Printi ng & Stationery 1000

Mr Sahil Loan (Dr ) 2000 Security received

(against Rented

house)

2000

Carriage on Sales 500 Rent Received 500

Scoo ter 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 credito rs 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-Commis sion 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 bus iness as well as for private purposes equally12-Stock in hand at 31stMarch, 2011 was Rs. 93,840

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Aptitude Test -Accounts Executive