Kerala PSC Previous Paper: Divisional Accountant – Kerala State Electricity Board – Paper I (Bookkeeping) (107/2016)

For candidates preparing for the Divisional Accountant exam conducted by the Kerala Public Service Commission (Kerala PSC) for the Kerala State Electricity Board (KSEB), analyzing previous question papers is crucial for understanding the exam pattern and syllabus. Below is a detailed description of the Paper I – Bookkeeping question paper, which was held on 29th August 2016, with Paper Code 107/2016.

Exam Details:

• Post: Divisional Accountant
• Department: Kerala State Electricity Board (KSEB)
• Paper: Paper I – Bookkeeping
• Paper Code: 107/2016
• Date of Examination: 29th August 2016
• Category: 2016

Structure of the Question Paper

The Paper I – Bookkeeping focuses on financial accounting principles, transactions, and record-keeping methods. The question paper is designed to assess candidates' proficiency in maintaining financial records and understanding bookkeeping fundamentals.

1. Exam Pattern

• Total Marks: 100
• Number of Questions: Typically, 100 multiple-choice questions (MCQs)
• Duration: 1 hour 15 minutes
• Medium of Exam: English

2. Key Topics Covered

The Bookkeeping paper for Divisional Accountant examines the following major topics:

 1. Accounting Principles and Concepts

• Fundamental accounting concepts
• Accounting conventions and their applications
• Double-entry bookkeeping system

2. Journal, Ledger, and Trial Balance

• Rules of debit and credit
• Preparation of journal entries
• Posting in ledgers
• Preparation of trial balance

3. Financial Statements

• Trading, Profit & Loss Account
• Balance Sheet
• Adjustments in Final Accounts

4. Depreciation and Reserves

• Methods of calculating depreciation (Straight-line method, Written-down value method)
• Accounting treatment of reserves and provisions

5. Bank Reconciliation Statement (BRS)

• Causes of differences between cash book and passbook
• Preparation of a bank reconciliation statement

6. Rectification of Errors

• Types of errors (Errors of omission, commission, principle, and compensating errors)
• Suspense accounts and rectification methods

7. Accounting for Non-Profit Organizations

• Receipt and payment account
• Income and expenditure account

8. Partnership Accounts

• Admission, retirement, and dissolution of a partnership
• Accounting treatment of goodwill

9. Company Accounts

• Issue of shares and debentures
• Final accounts of companies

10. Cost Accounting and Budgeting Basics

• Types of costs
• Preparation of budgets

11. Accounting in KSEB and Government Accounting

• KSEB’s accounting system
• Treasury and fund accounting principles