END COURSE TEST
FOR JAA’S/AC’S
( INDUCTION TRAINING FROM 22.07.2019 TO 27.08.2019 AT CTARA)
Date: 26th August,
2019 Time: 10.00 Hrs Duration : 3 Hours Marks: 100
Part A -Attempt either Q. 1 or Q. 2 only (30 marks)
Question No. 1
From the
following particulars of Pradeep & Co, prepare Trading, profit & Loss
and Balance sheet for the Period ended
31.03.2019
|
Debit Balances
|
Amount(Rs.)
|
Credit Balances
|
Amount(Rs.)
|
|
Cash in hand
|
3000
|
Sales
|
9000
|
|
Purchases
|
5000
|
Purchase returns
|
500
|
|
Wages
|
1000
|
Capital
|
15000
|
|
Sales returns
|
600
|
Creditors
|
1000
|
|
Carriage inwards
|
500
|
commission
|
1200
|
|
Opening Stock
|
2500
|
Bank Over draft
|
1000
|
|
Salaries
|
1000
|
|
|
|
Rent
|
800
|
|
|
|
Insurance
|
900
|
|
|
|
Bills receivable
|
1000
|
|
|
|
Debtors
|
4000
|
|
|
|
Discount
|
400
|
|
|
|
Furniture
|
2000
|
|
|
|
Machinery
|
5000
|
|
|
|
|
27700
|
|
27700
|
Adjustments
1. Closing
stock.. Rs.4500
2. Outstanding wages.. Rs.300
3. Outstanding Salaries. Rs..500
4. Prepaid Insurance.. Rs.400
*******
Question No. 2
Journalize the
following transactions in the books of Krishna & Co.
1. Started business with Cash ---- Rs. 100000
2. Purchased Goods in Cash
------- Rs. 5000
3. Sold Furniture for Cash
------- Rs.
1000
4. Paid Wages through Cheque ---- Rs. 5000
5. Paid rent through
Cheque ___ Rs.
2000
6. Purchased Furniture in Cash Rs. 5000
7. Paid Electricity bills through Cheque- Rs
500
8. Purchased goods from Vijay -----------Rs 1000
9. Sold goods to Ramesh in
cash ---- Rs.
700
10.Cash withdrew from Bank ----------- Rs. 600
Part B ( 20 Marks)
Write short notes on any four ( 4 x 5 marks )
1. Functions of Accounts Department
2. Stock Items and
Non Stock Items
3. Budgetary Reviews
4. WMS - Workshop Manufacturing Suspense
5. Station out standings
6. Various types of
Estimates
7. Rules of Double Entry Accounting
8. Retirement benefits
Part C ( 50 marks)
Choose and write the
Answer as either A or B or C or D for
the following Multiple Choice Questions in Answer sheet. (50 x 1 mark)
|
S.N.
|
MCQs
- Multiple Choice Questions
|
|
1
|
Total Number of Zones in
Indian Railways ?
A. 16 B. 18 C. 17
D. 20
|
|
2
|
NAIR - National Academy of Indian Railways is located at _______
A. Secunderabad B. New Delhi
C. Lucknow D. None of these
|
|
3
|
Head of the Stores Dept at Railway Board is ________
A. Additional
Member/Stores B. Director
General/Railway Stores
C. Member/Rolling Stock D.
Member/Material Management
|
|
4
|
Member
Electrical (in Railway Board) post is re designated as Member __________
A.
Electricity B. Traction C.
Power D. None of these
|
|
5
|
RDSO - Research, Designs & Standards Organisation is located at
_______
A. New Delhi B. Jamalpur C. Lucknow
D. Pune
|
|
6
|
LPC stands for Local Passenger ________
A. Classes B. Columns C. Classification D. None of these
|
|
7
|
IRIFM stands for Indian Railway Institute of ________________
A. Financial Management B.
Federation Management C. Financial Maintenance D. None of these
|
|
8
|
PTO stands for __________
Ticket Order
A. Privilege B. Passenger C.
Private D. Personnel
|
|
9
|
IPAS stands for Integrated _________ & Accounting System
A. Personnel B. Primary C. Personal
D. None of these
|
|
10
|
POH stands for ________ Over Hauling
A. Permanent B. Periodical C. Private
D. None of these
|
|
11
|
Single Demand No.
_______ is assigned to Ministry
of Railways after merger of Railway Budget with General Budget
A. 80 B. 82
C. 1 D. 16
|
|
12
|
Operating Ratio formulae is
A. OWE/Gross Earnings X 100 B.
GWE/Gross Receipts X 100 C. GWE/Gross
Earnings X 100 D. None of these
|
|
13
|
Railway earnings are classified into
______ Abstracts
A. X, Y & Z 2. A, B & C 3. P,Q & R D. None of these
|
|
14
|
Cheques & Bills suspense head is always a ______ balance
A. Credit B. Debit C. Either Debit or Credit D. Minus Credit
|
|
15
|
Development Fund is divided into
_______ parts
A. 1 B. 2 C. 3
D. 4
|
|
16
|
Retirement Benefits are chargeable to Sub Major Head No____ of Major
Head 3002
A. 13 B. 11
C. 03 D. 01
|
|
17
|
Major Head No. _______ for capital nature of expenditure (commercial
lines)
A. 3001 B. 3002 C. 5002
D. 5003
|
|
18
|
Government accounts are maintained on ______ basis.
A. Cash B. Accrual C. Commercial D. None of these
|
|
19
|
________ is the Link Head connecting the Government Accounts with the
Commercial Accounts in Indian Railways.
A. Demands Recoverable B.
Bills Recoverable C. Bills Payable D. WMS - Workshop
Manufacturing Suspense
|
|
20
|
Pay & allowances of C&AG are an example of ______
A. Voted expenditure B.
Charged expenditure C. Sanctioned
expenditure D. None of these
|
|
21
|
Drawings account is relate to _______
A. Nominal Account B. Personal
Account C. Real Account D. None of these
|
|
22
|
Cash Book which is maintained to record small expenses are called as
____
A. Simple Cash Book B. Petty Cash Book C. Two columnar Cash Book
D. Three columnar Cash Book.
|
|
23
|
For each and Every Debit there must be a corresponding Credit is the
principal of_____
A. Going Concern B. Book keeping C. Accounting D. Double Entry
|
|
24
|
Patents, Copyrights & Trademarks are types of _______ assets
A. Tangible B. Fixed C. Current
D. Intangible
|
|
25
|
The following is a statement showing the financial status of the
company at any given time.
A. Profit & Loss Account
B. Trading Account C. Balance
Sheet D. Cash Book
|
|
26
|
The ____________ is responsible for maintaining the initial records
of Attendance in Railway Workshops, which is basis for the payment.
A. Time Office B. Office of
CWM C. Workshop Accounts Office D. PCO
|
|
27
|
The direct control of the affairs of a Zonal Railway Workshop as a
unit is exercised by the_________
A. CRSE B. PCME C. CWE
D. CWM
|
|
28
|
___________ is an authority to commence work in a work shop
A. Work Order B. Development Order C.
Outturn Statement D. Workshop General Register
|
|
29
|
"On Cost charges" in Workshops are divided into ______
parts
A. 2 B. 4 C. 3
D. 5
|
|
30
|
In IR the incentive schemes introduced in PUs and Zonal Workshops are
known as _____
A. Payment by Results system B. Payment by Outturn system
C. Payment by Performance system
D. None of these
|
|
31
|
---------------is responsible for check of recoupment, consumption of
stocks and maintaining of Maxima and Minima balances on Stock cards.
A. Depot officer B. Depot
Stores Keeper C. Executive
Officer D. None of these
|
|
32
|
The items of Stores which have not been issued for a period of 24
months, but which will be utilized in the near future are known as _______
A. Dead Surplus B. Movable
surplus C. surplus stores D. None of these
|
|
33
|
On introduction of ------------ in the Stores organization the
integration of Stores Ledgers of all Depots of a Zonal Railway is taken place
to avoid accumulation of over stocks.
A. MMIS B. IPAS C. iMMS
D. AIMS
|
|
34
|
The Head of Stores Dept at Zonal Railway is _______
A. PCMM B. COS C. CMM
D. PCOS
|
|
35
|
Stock Verification Department functions under ________
A. Executive B. Stores
Accounts Officer C. PCMM D. CMM
|
|
36
|
Traffic Book Part A deals with _________
A. Station earnings B.
Apportionment of earnings C. Accounts
Office Balance sheet
D. None of these
|
|
37
|
Apportionment of Traffic
earnings is done by_______
A. CRIS B. RITES
C. Railway Board D. Northern
Railway
|
|
38
|
WTR - Wagon Turn Round expressed in terms of ____
A. GTKM B. NTKM
C. Years D. None of these
|
|
39
|
_____ charges are collected for detaining wagons beyond free time.
A. Wharfage B. Stacking C. Stabling
D. None of these
|
|
40
|
The Traffic Book is divided into _____ parts
A. 4 B. 2 C.
3 D. 5
|
|
41
|
Present Rate Of Return (ROR) for justifying works is ______
A. 14 % B. 12 % C. 10 %
D. 8 %
|
|
42
|
EMD - Earnest Money Deposit is ____ percentage of the estimated cost
of work (for works costing up to Rs.1 Crore)
A. 5 B. 2 C. 3
D. 10
|
|
43
|
Traffic suspense head is always a ______ balance
A. Credit B. Debit C. Either Debit or Credit D. Minus Credit
|
|
44
|
Plan Head 1100 represents
______
A. Rolling Stock B.
New Lines C. Doubling
D. None of these
|
|
45
|
Plan Head 2100 represents
______
A. Rolling Stock B.
New Lines C. Computerisation D. S & T Works
|
|
46
|
Erstwhile Demands in OWE are now called as _________
A. Major Heads B. Sub Major Heads C.
Minor Heads D. Detailed heads
|
|
47
|
For working out EMD, the same shall be rounded off to _____
A. Rs.10 B. Rs.1000 C.
Rs.5 D. Rs.100
|
|
48
|
Last two digits of Revenue Expenditure allocation denotes _____
A. Erstwhile Demand No. B.
Primary Unit C. Sub Head D. Detailed Head
|
|
49
|
Un-remunerative works required for operational efficiency are charged
to ______
A. DF 1 B. DF 2
C. DF 3 D. DF 4
|
|
50
|
Indian Railway Finance Code Volume 2 consists of _______
A. Financial Rules B. Accounting Procedures C.
Traffic matters D. Classification
of Expenditure & Earnings
|
==============================================================================
 |
key to the MCQ
S.N.
|
MCQs
- Multiple Choice Questions
|
Answer
|
|
1
|
Total Number of Zones in
Indian Railways ?
A. 16 B. 18 C. 17
D. 20
|
C
|
|
2
|
NAIR - National Academy of Indian Railways is located at _______
A. Secunderabad B. New Delhi
C. Lucknow D. None of these
|
D
|
|
3
|
Head of the Stores Dept at Railway Board is ________
A. Additional
Member/Stores B. Director
General/Railway Stores
C. Member/Rolling Stock D.
Member/Material Management
|
D
|
|
4
|
Member
Electrical (in Railway Board) post is re designated as Member __________
A.
Electricity B. Traction C.
Power D. None of these
|
B
|
|
5
|
RDSO - Research, Designs & Standards Organisation is located at
_______
A. New Delhi B. Jamalpur C. Lucknow
D. Pune
|
C
|
|
6
|
LPC stands for Local Passenger ________
A. Classes B. Columns C. Classification D. None of these
|
C
|
|
7
|
IRIFM stands for Indian Railway Institute of ________________
A. Financial Management B.
Federation Management C. Financial Maintenance D. None of these
|
A
|
|
8
|
PTO stands for __________
Ticket Order
A. Privilege B. Passenger C.
Private D. Personnel
|
A
|
|
9
|
IPAS stands for Integrated _________ & Accounting System
A. Personnel B. Primary C. Personal
D. None of these
|
D
|
|
10
|
POH stands for ________ Over Hauling
A. Permanent B.
Periodical C. Private D. None of these
|
|
|
11
|
Single Demand No.
_______ is assigned to Ministry
of Railways after merger of Railway Budget with General Budget
A. 80 B. 82
C. 1 D. 16
|
B
|
|
12
|
Operating Ratio formulae is
A. OWE/Gross Earnings X 100 B.
GWE/Gross Receipts X 100 C. GWE/Gross
Earnings X 100 D. None of these
|
C
|
|
13
|
Railway earnings are classified into
______ Abstracts
A. X, Y & Z 2. A, B & C 3. P,Q & R D. None of these
|
A
|
|
14
|
Cheques & Bills suspense head is always a ______ balance
A. Credit B. Debit C. Either Debit or Credit D. Minus Credit
|
A
|
|
15
|
Development Fund is divided into
_______ parts
A. 1 B. 2 C. 3
D. 4
|
D
|
|
16
|
Retirement Benefits are chargeable to Sub Major Head No____ of Major
Head 3002
A. 13 B. 11
C. 03 D. 01
|
B
|
|
17
|
Major Head No. _______ for capital nature of expenditure (commercial
lines)
A. 3001 B. 3002 C. 5002
D. 5003
|
C
|
|
18
|
Government accounts are maintained on ______ basis.
A. Cash B. Accrual C. Commercial D. None of these
|
A
|
|
19
|
________ is the Link Head connecting the Government Accounts with the
Commercial Accounts in Indian Railways.
A. Demands Recoverable B.
Bills Recoverable C. Bills Payable D. WMS - Workshop
Manufacturing Suspense
|
A
|
|
20
|
Pay & allowances of C&AG are an example of ______
A. Voted expenditure B.
Charged expenditure C. Sanctioned
expenditure D. None of these
|
B
|
|
21
|
Drawings account is relate to _______
A. Nominal Account B. Personal
Account C. Real Account D. None of these
|
B
|
|
22
|
Cash Book which is maintained to record small expenses are called as
____
A. Simple Cash Book B. Petty Cash Book C. Two columnar Cash Book
D. Three columnar Cash Book.
|
B
|
|
23
|
For each and Every Debit there must be a corresponding Credit is the
principal of_____
A. Going Concern B. Book keeping C. Accounting D. Double Entry
|
D
|
|
24
|
Patents, Copyrights & Trademarks are types of _______ assets
A. Tangible B. Fixed C. Current
D. Intangible
|
D
|
|
25
|
The following is a statement showing the financial status of the
company at any given time.
A. Profit & Loss Account
B. Trading Account C. Balance
Sheet D. Cash Book
|
C
|
|
26
|
The ____________ is responsible for maintaining the initial records
of Attendance in Railway Workshops, which is basis for the payment.
A. Time Office B. Office of
CWM C. Workshop Accounts Office D. PCO
|
A
|
|
27
|
The direct control of the affairs of a Zonal Railway Workshop as a
unit is exercised by the_________
A. CRSE B. PCME C. CWE
D. CWM
|
D
|
|
28
|
___________ is an authority to commence work in a work shop
A. Work Order B. Development Order C.
Outturn Statement D. Workshop General Register
|
A
|
|
29
|
"On Cost charges" in Workshops are divided into ______
parts
A. 2 B. 4 C. 3
D. 5
|
C
|
|
30
|
In IR the incentive schemes introduced in PUs and Zonal Workshops are
known as _____
A. Payment by Results system B. Payment by Outturn system
C. Payment by Performance system
D. None of these
|
A
|
|
31
|
---------------is responsible for check of recoupment, consumption of
stocks and maintaining of Maxima and Minima balances on Stock cards.
A. Depot officer B. Depot
Stores Keeper C. Executive
Officer D. None of these
|
A
|
|
32
|
The items of Stores which have not been issued for a period of 24
months, but which will be utilized in the near future are known as _______
A. Dead Surplus B. Movable
surplus C. surplus stores D. None of these
|
B
|
|
33
|
On introduction of ------------ in the Stores organization the
integration of Stores Ledgers of all Depots of a Zonal Railway is taken place
to avoid accumulation of over stocks.
A. MMIS B. IPAS C. iMMS
D. AIMS
|
C
|
|
34
|
The Head of Stores Dept at Zonal Railway is _______
A. PCMM B. COS C. CMM
D. PCOS
|
A
|
|
35
|
Stock Verification Department functions under ________
A. Executive B. Stores Accounts Officer C. PCMM
D. CMM
|
B
|
|
36
|
Traffic Book Part A deals with _________
A. Station earnings B.
Apportionment of earnings C. Accounts
Office Balance sheet
D. None of these
|
A
|
|
37
|
Apportionment of Traffic
earnings is done by_______
A. CRIS B. RITES
C. Railway Board D. Northern
Railway
|
A
|
|
38
|
WTR - Wagon Turn Round expressed in terms of ____
A. GTKM B. NTKM
C. Years D. None of these
|
D
|
|
39
|
_____ charges are collected for detaining wagons beyond free time.
A. Wharfage B. Stacking C. Stabling
D. None of these
|
D
|
|
40
|
The Traffic Book is divided into _____ parts
A. 4 B. 2 C.
3 D. 5
|
A
|
|
41
|
Present Rate Of Return (ROR) for justifying works is ______
A. 14 % B. 12 % C. 10 %
D. 8 %
|
C
|
|
42
|
EMD - Earnest Money Deposit is ____ percentage of the estimated cost
of work (for works costing up to Rs.1 Crore)
A. 5 B. 2 C. 3
D. 10
|
B
|
|
43
|
Traffic suspense head is always a ______ balance
A. Credit B. Debit C. Either Debit or Credit D. Minus Credit
|
B
|
|
44
|
Plan Head 1100 represents
______
A. Rolling Stock B.
New Lines C. Doubling
D. None of these
|
B
|
|
45
|
Plan Head 2100 represents
______
A. Rolling Stock B.
New Lines C. Computerisation D. S & T Works
|
A
|
|
46
|
Erstwhile Demands in OWE are now called as _________
A. Major Heads B. Sub Major Heads C.
Minor Heads D. Detailed heads
|
B
|
|
47
|
For working out EMD, the same shall be rounded off to _____
A. Rs.10 B. Rs.1000 C.
Rs.5 D. Rs.100
|
D
|
|
48
|
Last two digits of Revenue Expenditure allocation denotes _____
A. Erstwhile Demand No. B.
Primary Unit C. Sub Head D. Detailed Head
|
B
|
|
49
|
Un-remunerative works required for operational efficiency are charged
to ______
A. DF 1 B. DF 2
C. DF 3 D. DF 4
|
C
|
|
50
|
Indian Railway Finance Code Volume 2 consists of _______
A. Financial Rules B. Accounting Procedures C.
Traffic matters D.
Classification of Expenditure & Earnings
|
D
|
==============================================================================
 |
