The Institute Of Computer Accountants

27, N.S. Road, Kolkata-700001

Ace Offline Questions Paper [Paper Code: August’08 Set II]
F.M. 30
Time: 45 Mns

Create a company with your name and student code and pass the
following entries. [2]

1. Received commission by a cheque [SBI 1234587] from Zenith

Associates Rs. 9,439 [Total Value of Commission Rs. 10,000] after
deducting TDS @5%, Surcharge @10% and Additional Surcharge @2%.
[4]

2. Advance office Rent of Rs. 5,000 paid to Mr. Altaf [Landlord] after
deducting TDS on rent by a cheque of SBI [123456]
[4]

3. Company took a loan from Micro Finance Rs. 2, 00,000 and deposited
the same into SBI.
[
2]

4. Purchase the following materials from HCl Computers. Credit day is 30

day and if due is paid after 30 days 15% p.m. interest will be added
with the bills. [4]
a. Motherboard [Intel Original 3.06 GHz] 10 pcs @Rs. 5,000 each
b. Hdd [Seagate 80 GB] 10 pcs @Rs. 4,500
c. Computer Table 10 pcs @Rs. 2,000 each
Vat charged @4% on Motherboard and Hdd and 12.5% on Computer
Table.

5. Company deposited the TDS payable into SBI.

[2]

6. Company Sold the following materials to ACE Computer Solution

[4]
a. Mother Board 5 pcs @ 5,500 and HDD 5 pcs @ 5,000 with vat
@4% on both the products
b. Computer Table 5 pcs @2,200 with vat @12.5%.

7. Company cleared all the dues of HCl Computers after 3 months from
the date of purchase including interest by a cheque of SBI [123457].
[4]

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 The Institute Of Computer Accountants
27, N.S. Road, Kolkata-700001
Ace Offline Questions Paper [Paper Code: August’08 Set II]
F.M. 30
Time: 45 Mns
8. Income tax payable Rs. 12,000, adjust Advance tax and paid rest
amount by a cheque of SBI [123458].
[4]

Page 2