AIOU PAST PAPER CODE 444 SPRING 2015
Aiou past or old paper course code 444 for advance accounting for the semester spring 2015. This old paper for code 444 advanced accounting is now uploaded for you students. Please go through all these past papers deeply. The tags for this paper is aiou old paper code 444, aiou past paper code 444, aiou old paper code 444 spring 2015, aiou past paper code 444 spring 2015.
Q 06:- Red and Green entered into a Joint Venture for purchase and sale of some household items. They agreed to share profits and losses in the ratio of their respective contributors. Red contributed Rs. 250,000 in cash and Green Rs. 325,000. The whole amount was placed in a Joint Bank account. Red purchased goods for Rs, 250,000 and expenses paid by Green amounted to Rs. 50,000.” They also purchased goods for-Rs. 375,000 through the Joint Bank Account the expenses on purchase and sale of the articles amounted to Rs. 150,000 (including those met by Green). Goods costing Rs. 500,000 were sold for Rs. 1,125,000 and the balance was lost by fire.
Required: Enter the above transactions in the books of both Red and Green. Also show the necessary ledger accounts in the books of the Venture.
Q.7: P Ltd. Purchase a machinery on hire purchase from Y Ltd. On 1st January 2001. The following are the particulars of the hire purchase agreement. Cash price of machine Rs.59685, Rate of interest l0% p.a. Depreciation to be charged @ 20% on the original cost Hire purchase price was to be paid in 3 annual installments of equal value, the first installment becoming due and payable on 31-12-2001.
Required: You are required to prepare the necessary accounts in the books of Hire Vendor.
Q.8: (a) Fill in the blanks:
i……………. is the basic document of the company.
- A loss which occurs due to natural causes is called……………….
iii. Under the companies ordinance a company is a/an………………….person.
- Listed company means, a company whose…………………… are listed.
v……………………… Is the forwarding letter sent a along with the goods containing particulars as to the name of the item, number and price.