Title Financial Acc Questions Paper.pdf ✅

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Prepared by Uni Bytes / www.unibytes.xyz Don't use our content without permission.
Prepared by Uni Bytes / www.unibytes.xyz Don't use our content without permission.
Prepared by Uni Bytes / www.unibytes.xyz Don't use our content without permission. Tribhuvan University Faculty of Humanities and Social Science Semester: II Subject: Financial Accounting 2021 Batch Group B Attempt any SIX questions 2. Explain about accounting cycle. 3. A company purchased a machine on 1 Baishak 2073 at Rs. 5,50,000 and spend installation cost Rs.50,000. On 1 Kartik 2074 the company purchased second machine at Rs.6,00,000 and spend for transportation and installation cost Rs. 1,00,000. On 1 Kartik 2076 machine purchased on 1 Baishak 2073 has found out of order and sold at Rs. 1,75,000. The company closed account end of Chaitra each year. The company applying diminishing method of depreciation @ 15% on assets. Required: Machinery account for 2073 to 2076. 4. The following purchase transactions of provided to you The following information of a Cloth Merchant has been provided to you. April 1st Sold to Bulbule Store, 30 pieces Coat @ Rs.8000 each 10 pieces shirt @ Rs. 1,500 each (Trade discount 10 percent) April, 12 sold to Gurung Store 100 pieces T shirt @ Rs.1500 each trade discount 20 percent 200 pieces ladies ware @ Rs. 1200 each 25 April sold to Tamang Store 150 pieces coat @ Rs.3000 each on cash 50 pieces ladies paint @ Rs.1400 each on cash Required: Sales book and sales account Don’t Forget to Follow Uni Bytes