AAO LDCE 2022

Paper I Financial Rules and Procedures & Book-Keeping

Maximum Marks-100
Time-3 Hours
Instructions to Exunminees:
guestion paper contains three parts A, B and C. Part A has one question which is
.nis
compulsory. Part B has three questions out uf which any two ure to be answereu. Part C abso
contains three questions vut of which dny two are to be answered.
2. Marks of each question are shown against it.
3.. In case of omission of any facts from the question so material that it prevents you from
Jorming a conclusive opinion, please state so with your reasons in the answer sheet.

Part-A:
Compulsory Question (Based on Book-Keeping)

i). Trial Balance ofa company Mangrove Ltd. for the financial year 2020-21 is shown
Q1)
in the table below. Prepare a Profit and Loss Account for the year ending March, 2021.
(12 Marks)

Debit Balance Amount(INR) Credit Balance Amount(INR)

Land 26,96,000 Equity share capital 8,00,000

Plant& Machinery 6,40,000 Preference share | 4,00,000

capital
Depreciation on Plant | 64,000 10% debentures 4,00,000

and Machinery (Issues on 1st April

2020)
Purchases (adjusted) 16,00.000 Sales 40.00.000

Closing Stock 6,00.000 Bank Overdraft 8,00,000

Wages 4,80,000
Salaries 3,20,000
Total 64,00,000 Total 64,00,000
Note: Debenture is a debt instrument and interest payable on debenture is an expense.

ii) Calculate the he Net worth of the Company. (8 Marks)

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 Part
(GFR 2017& P&T FHB Vol. 1-2022 Edition based)

Q2) i). What are the General Principles for Contract according to General Financial Rules
2017? (200-250 words) (7 Marks)
i). Define Cost Plus Contract and Price Variation Clause. Whether Price Variation
Clause must invariably be provided in Cost Plus Contract? (200-250 words) (8 Marks)

ii). Write True or False. (Each carries one mark)

a) In Two Stage Bidding, Technical bid and Financial bid are received simultaneously
b) In the case of Open tendering. the minimum time to be allowed for submission of

bids is three weeks.

c) For purchase of goods, Limited Tender Enquiry process may be adopted even where

the estimate value of the procurement is more than Rupees Twenty-Five lakhs in

specific circumstances.
d) In caseof a limited tender enquiry to purchase goods. an organisation sends bidding
documents to 10 registered suppliers A, B, C, D, E. F, G. H. I. and J. Three
unsolicited bidders K, L and M also participated in the bidding. The organisation
can reject the bids ofK, L and M.
e) PAC stands for Proprietary Article Certificate and to be provided while making
procurement from a single source.

93) Write short notes on any four ofthe following: (100-150 words cachXEach carries
5 Marks)

i). Various contents of Annual Financial Statements laid before the Parliament

i) What is Non-Tax Revenue? Give brief explanation of Dividends and Protits' as non-

tax revenue.

i ) Define "Cupital Expenditure" and "Revenue Expenditure". Give twu Cxumples of

each
iv) Important points for disbursing officer while verifying the cash book as per P&T FHB

Vol.
v) Match the following items of Column A with Column B according to P&T FHB VOLI

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 B
Appendix-1 Rules regarding the preparation of Last
Pay Certificate iin case of transfer on
duty, or of return from leave

Appendix-2 Different classes of receipts exempted

from stamp duty
Appendix-4 Rules regulating the purchase of
stationery stores for the public service
Appendix-5 Instructions for regulating the
enforcement of responsibility for losses
etc.

Appendix-8 Miscellaneous rulings relating to oftice

expenses

vi) Explain the procedure of Remittances between two Head Post Oflices.

Q4) Attempt all four parts (100-150 words each) (Each carries 5 Marks)
). What are the conditions for changing date of birth of a Government servant?
i). Explain Government of India's decision on maintenance of service book in
duplicate. Is Aadhar number of Government servant required to be included in service
book? (3+2)
ii). Define "Contingent Charges' or "Contingencies. What are different classes of
contingencies? (3+2)
iv). What does SDBS stand for? What are the eligibility criteria for Granin Dak Sevaks
to join SDBs? Write down monthly subscription in case of SDBS. (2+3)

Part C
(Accounting Principles, Book-keeping & Govt. Accounting Rules based)

Q5) i). Define Depreciation. What is the subject matter of depreciation? Mention the two
main methods of calculating depreciation amount and also selection eriteria of appropriate
method (10 Marks) (4+2+2+2)

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 for his orncc
Maruti Suzuki Ciaz
car
). Anil Oberoi, a small entrepreneur purchased a
the
usetiul lite of
lakhs fifty thousand) in April, 2021, The
costing Rs. 10, 50,000 (Ten thousand)
be Rs. 70,000 (Seventy
car is 9 years, and net residual value is estimated to

and rate of depreciatnon

at the end of 9 years. Calculate the annual depreciation amount
(10 Marks)
(Use Straight Line Method).

words each) (Each carries

Q6) Write short note on any four of the following: (150-200
5 Marks)
i) Proforma Accounts

ii) Major, minor and detailed heads of accounts.

between bank balance as per
ii) Explain Timing Differences for Reasons of difference

cash book and passbook of an organisation.

iv) Meaning and objectives of Trial Balance.

one-sided using Suspense Account.
oferrors and steps taken to rectify
errors
V)Types
vi) Objectives of Financial accounting.

for the month of April 202 l are given

Q7) i). Details of transactions of M/s Garg Traders
cash book or prepare a
in the following table. Record the transactions in a single-entry
and Payment Account for the month of April 2021. (10 Marks)
Receipt
Details Amount (in
Date 2021
INR)
April 1 Cash in hand 90.000

April 5 Cash received from Rohit Rampal 24,000

April 8 Insurance's Annual Instalment paid 8,000

April 14 Purchase of office furniture 25.900

April 16 Sold goods to Virat for cash 50,000

April 17 Purchased goods from Rajendra in cash 36.000

April 20 Purchase of stationary 5,200

April 24 Cash paid to Sheela in full settlement of Account | 20,000

April 26 Sold good to Kailash for cash 30.000

April 30 Paid monthly rent 11.000

April 30 Paid salary 6.500

April 30 Deposited in bank 15,000

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ii). A very short-answer type question. Answer in 35-50 words (2-3
lines). (Each carries
2 marks)

a) What is Accounting Equation?

b) What is a Journal?
c) Define Ledger.
d) Define cash book.
e) What is Business entity concept?

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