Computer Science_4 MS Computer Science/MSc Computer Science/PhD Computer Science CUST — Capital University of Science & Technology 2017
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he Islamin @nibersity of Balawalpur
222
Examination: BA/BSc
Paper: Computer Science (A - Coursc) - IV (Accounting)
Note: Attempi any FOUR questions. All questions carry cqual (12.50) marks.
O.1 Prepare Cost of Production Report for the year.
1000
Inits started (1" Dept
800฿
Lines compicle
100
(hits still in process
(50% complete in material, labour and FOH)
100
Units lost during the year
Maximum Mars: 50
Cost incurred:
Dircct Materia!
Direct Labour
FOH applied based on D. Labour Cost
2000
4000
110%
02 Prepare Bank Reconciliation Statement as et 31" Oct, 2013.
1. Bank overdren as per bank statement Rs.4700
2. Cheque issued before 31" October amounted to Rs.1,800 of which cheques of Rs.1,050
have so far been presented to the bank.
3. Interest on overdraft for 6 months ending on 31" October 2013 Rs.235 debited in the
bank stalement.
". Bank charges devited in the bank statement Rs.65
5. Interest and dividends on investments etc., collected and credited by the bank in the
lank statement Rs.350.
6. A cheque of Rs. 220 received from a customer and entered in the bank column of the
cash book was omitted lo be paid into the bank.
- ustani.pky A customer has directly paid Rs.350 to our banker in settlement to his account.
24 The following infornation is to be used in costing inventory on Now Tapi pk
(Rs.)
Inventory
01/11
800
180
Purchases
05/11
200
190
Purchases
09/11
200
200
Issued
18/11
400
320
Purchases
24/11
300
210€
Issued
27/11
500
350
-Otw
Calculale cost of materials used and the cost assigned to Nov.30, 2016 inventory using FIFO and
Cr. (Rs.)
20,000
Cash
2,000
Drawings
8,000
Prepaid ront
2,000
Rent expenses
12,000
Prepaid insurance
8,000
Insurance expense
10,000
ustani.pk
Fumiture
1,000
Deprecialion expenses
1,000
Sales discount
Purchases
(clephone carrant pr
148,000
1,000
100
nicrest expos
2,000
Supplies
1,000
Supplies exponies
Capital
Accumulated depreciation
ustani.pk
2,000
100
Purchase allowance
150,000
Salcs
20,000
Bank loan
216,100
216,100
Total
visit website: ustani.pk
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