5AMPLE UESTION APER [QUESTIONS-ANSWERS) ACCOUNTANCY Abighly Simulated Practice Question Paper for (BSE Class XI Examination MM. : 80 © This question paper contains two parts A and B. All question in both the parts are compulsory. « All parts of questions should be attempted at one place. * Marks for questions are indicated against each question. » Answers should be brief and to the point. Part A OBJECTIVE TYPE QUESTIONS (1 Mark) Multiple choice questions (Q. no. 1 to 3) ereare four options for each question, out of these, only one is correct. You have to identify the correct option 1. Closing stock is an example of ... (8) current assets (©) miangible assets (b) fixed assets (d) fictitious assets 2. IGST is levied on (@) Intia-state sale (0) Interstate sale (©) International sale (0) Credit sale 4 Accounting is considered as (a) anart (b) ascience (2) both art and science (d) a study “Yu 5 ‘G4 are acre to attempt this sample paper without efeting the answers given here, However, cross check your answers the answers given at the end after you complete the paper136 © {Succeed Accountancy Class y, Answer the following (Q. no. 4 to 5) posted in the wrong account or its written on the wrong side of yy \cteristic of accounting information is reflected wher, accounting informatio is clearly presented? 5. Which qi tation. You have to give the proper reason fra 6. An accounting voucher is prepared 7. The rules of debit and credit same for both liabity and capital. Journalise the following (Q. no. 8 to 9} Here, we have given some accountng transactions You have toghve the correct journal entries) fora 8. Goods of 86,000 withdrew by the proprietor for his domestic use. 8. Cash £ 10,000 and goods of 85,000 given away as charity Fill in the blanks (Q. no. 10 to 11) Here each sentence i incomplete due fone missing word, You are required oil tat missing word 10. Balance as per ledger account means balance as per 11. Abi of exchange has ....... parties. State true or false (Q. no. 12 to 13) Here. we have given some statements You are required mention whether these statements are ret 12. Stocks are counted in current assets but accrued income in current liabilities. 13, Overdraft balance of the passbook shows negative or credit balance of the bank balance. SHORT ANSWER TYPE I QUESTION (3 Marks) 14. ‘Accounting information should be comparable”. Do you agree with this statement? Or Explain any three objectives of accounting. SHORT ANSWER TYPE II QUESTIONS (4 Marks) 15. Enter the following transactions in a two column cash book. amit) Or Differentiate between trade discount and cash discount sample Question Paper g st indefinitely.” maetinitely”” Mention and explain the concept on which the 1/2 of above stock (goods) font paid t 500; Outstanding sala femaining goods sold to Suman at 10% profit on cost at 5% cash disco 48, Journalise the following transactions 2019 Jan 1 Mar 18 Received a cheque from Rashmi & Co account and allowed them discount 200. Cash sales t 11,000; plus CGST 6% and SGST 6%, Cash purchases t 4,300; plus CGST 6% and SGST 6%. Rent due to landlord t 3,000 Interest on drawings # 2,000 LONG ANSWER TYPE I QUESTIONS (6 Marks) 48, Propare a bank reconciliation statement from the following particulars and show the balance as per cash book alance as per pass book on 3ist December, 2018 overdrawn ®20,000 terest on bank overdrat not entered in the cash book & 2,000 "200 insurance premium paid by bank has not been entered inthe cash book Cheques drawn in the lst week of December, 2018 but not cleared til date for £3,000 and 3,500 (vy Cheques deposited into bank on November, 2018 but yet to be credited on aist December, mngly debited by bank * 500, fit Manish commenced business with a capital of ¢2,00,000. 6,000 and cash t 4,000 on Oct 21 Dec 31 wi) or Prepare the ledger accounts of ‘Cash’ and Rakesh from these given transactions 2019 Jan 31 Goods sold to Rakesh for & 10,000 Bought goods trom Naveen for cash & 5.000. Rakesh returned goods of 8500. Rakesh paid 2 8,000 in cash for full settlementLONG ANSWER TYPE II QUESTION (8 Marks) 21. The trial balance of Muroni Lid shows a diference of € 6,000, the credit side being excess, The difference is subsequently found due to the following mistakes (0) The purchase of an office table costing * 40,000 had been passed through the purchase day book (a) A motor car had been purchased for 68,000. Cash had been correctly credited but motor car account had been debited with € 62,800 only. received ¢ 1,200 had been debited in the cash account but had the interest account. the account of Mr Rahim t 2,000 had been written-off as bad debt but no other account had been debited. Give the necessary entries for rectification of errors and prepare suspense account or Priya Gold has purchased a machinery foi ‘machine was purchased for t 6,00,000 12% in cash on Ist April, 2018 Depreciation is charged @ 10% p.a. by the straight line method. Accounts are closed every year on 31st March. You are required to show machinery account 31st March, 2019 in both the cases When provision for depreciation account is not maintained, (a) When provision for depreciation account is maintained. 1,0,00,000 on Ist October, 2016. Another Part B OBJECTIVE TYPE QUESTIONS (1 Mark) Multiple choice questions (Q. no. 22 to 23) There ar four options foreach question out ofthese, only one i correct. You have to dently the corte! ward of 84,000 is outstanding atthe end ofthe year. Where itis recordable it Answer the following (Q. no. 24 to 26) 24, When the closing stock is g psample Question Paper 6 139 1 Match the following column A Unity Softwares 3 Operating Sotwaces Applicaton Softwares 3, State whether the following statements are items of cap ‘with reason, (i) Expenditure incurred on rey or revenue expenditure ind white washing at the time of purchase of an le. Registration fees paid at the time of purchase of a building {Gi) Depreciation on plant and machinery or ‘Total purchases during the current year are & 9,00,000, Return outward 8 50,000, Lighting 30,000, Wages ®80,000 and Electricity 28,000 and 1/2nd goods are sold for £8,00,000. SHORT ANSWER TYPE II QUESTION (4 Marks) %, Differentiate between manual and computerised accounting system on the basis of adjusting entries and grouping of accounts. or Write a note on general purpose application software and briefly explain its advantages and disadvantages LONG ANSWER TYPE I QUESTION (6 Marks) M. Vansh started a firm on Ist Apt borrowed from his wile a $8 42,000, creditors € 36,000 and (000 for his drawings during the overable trom debtors and provide arks) 5 PE II QUESTION (6M LONG ANSWER TY the tral balance of M/s KeshavQuestion Paper & OQ iSucceed Accountancy Class y, |g sample vat Particulars Am 20 30.009, 1.78.70 (48) Prowision for doubtful debts is to be maintained @ 5% on sundry debtors. Unexpired insurance was ? 600 1s entitled to @ commission @ 5% on net profit after charging such or jollowing trial balance, extracted from the books, prepare trading and proft ‘count for the year ended 31st March, 2019 and balance sheet as at that Mame ot hecourte ‘Amt (Or) Amt —) 27000 Name of Accounts Fre insurance Cash-at-bank Cashin-hand Total 614850 ajostments Charge depreciation onan and baiting a2 on plant and machinery tan on fumitre and fixtures at 10% Male provision of on debar or doubt debs iy forward the folowing unenpee en Five insrance 375 Rates and taxes 720 prentce premium 1.200 Toang stock 88.170 © ANSWERS 4. (a) curent assets 2b) Interstate sale 3.) Both ar and science ‘voucher is prepared after anaysng Source vouchers 10 detrmane which account ate Pareles 8 Drawings Ale To Purchase Ne ee ‘wor by the prone 1" o 15.000 (Geng gooas swe 12 Fatso. Stock and acen Jance of he bark balance % Fatse. Ovorarat batSAMPLE QUESTION PAPER (QUESTIONS-ANSWERS) ACCOUNTANCY \Hghly Simulated Practice Question Paper for 35€ Class XI Examination Time: 3s MM. : 80 EM eion ses * This question paper contains two parts A and B. + All question in both the parts are compulsory. «+ Allparts of questions should be attempted at one place ‘+ Marks for questions are indicated against each question. + Answers should be brief and to the point. Part A OBJECTIVE TYPE QUESTIONS (1 Mark) Multiple choice questions (Q. no. 1 to 3) reare four options for each question, oul of these, only one is correct, You have to identify the correct option rrent liability? {b) Outstanding expenses (a) Bank overdiatt Purchases book is prepared for the rec ording of ') goods (b) a Which of these is not an example of cl (8) Accrued income 2. () Advance come ed 1s purchased (9) Both (a) and (b) (9) only credit purchat vwnhout fering he answers gwen here, However cross check you answers the paper vised to a i dese 0a wens Gi 4wee © i Succeed Accountancy Class, 4 153 his transaction, which vour prepare Wal balance of Shyana iat Mas 9 Enterprises trom the follwing balances as on fo 7 a 300 Wes 1D ah cna 2. or return book in the books of Saurabh & Co., Meerut from the following Raju & Co, Oo tunes cece Jn statement of Ram & Sons as on 3 Paris ant 1290 pass took es dcr bo MB 9 are we ook par cole ws urd QUESTION (4 Marko) nts z= fan charges ct coded cash C0 a i core oars “0 ere be cr ath 2K ia he advantages of double entry system of accounting ‘PE | QUESTIONS (6 Marks) ANSWER TY ins for the year endi rice which he closed w: {ng errors were found boy £12,000. QUESTIONS (4 Marks) LONG the furniture account as & 1,620 1s not entered in the bills receivable n the purchase day book154 @ {Succeed Accountancy Class x) and ascertain the difference in then ‘ess necessary journal entries to rectify the ame ypect ol the above items." Part B ‘balance that was shown under the suspense accou or se a Petty Cash Book in the books of Sagar From the fllowing particulars, prepa OBJECTIVE TYPE QUESTIONS (1 Mack) eee yuitiple choice questions (Q. no, 22 to 23) eee ‘Amvin | qe are four options foreach question, outof these, only one iscorrect You have to identity the correct av wan + Orewa cath 0m is give st soe oe ee er Mecca the a balance as book ale 60,00 and market value eiaghone ba 8400 pus CGST ane SGST GP ES each on ar ‘ill be recorded in balance sheet at what amount? rae ee fa) €60.000 (0) #8000 ey tz00m a cise 3, Accounting software requires that shouldbe entered once should be entered at each stag. cecorcing and posting nto scouts Answer the following (Q. no. 24 to 25) 24, Write any two adjust 25, Write two examples 2% Define accounting sof 1, The three components of « computer system are and 2, Balance sheet ofa sole-proprietorship business is prepared to know about the actual profit or loss of the business. Is i true or false? ints whose effects are not recorded in profit and loss account, t devices. account and provision for depreciation account for the year ending SHORT ANSWER TYPE I QUESTION ( Marks) 2018 {Calculate the amount of gross profit and operating profit on the basis of the following balances extracted from the books of M/s Raj and Sons fr the year ended Bist March, 2019. LONG ANSWER TYPE II QUESTION (8 Mark: 2. wn sells goods to Varun for t 20.000 and draws a bill on him fc ee Before the due dete, Varun requests Karan sti Peyment and to drew ¢ fresh bull on him for ® 14,400. further period ‘some #400 being the interest for tenc x 5 2 = proposal The new bil is duly honoured vt “rtended Period. Karan agrees to the oo : Som Pass the necessary journal entnes in the books of both the parties. =e t om Rav purchased goods fort 12,000 on ; pureed 1209000 tS. 208 Hm Aa tie eter three morte bop oa he il was ihonsuted tr nahSHORT ANSWER TYPE II QUESTION (4 Marks) 30. The use of computers in any database oriented application has four basic requirements. Briefly discuss them. or What do you understand by an accounting information system? LONG ANSWER TYPE I QUESTION (6 Marks) 31. Mr Akshat keeps his books on incomplete records, following information is given below During the yeat. he withdrew 45,000 and introduced °25,000 as further capital in the business. Compute the proft of loss of the business. LONG ANSWER TYPE II QUESTION (4 Marks) 32. The following is the tnal balance of Mr Chidambram on 31st March, 2019. iq sample Question Paper 7 157 into account the fo Baerrnt and the balance cut adistments, prepare trading and prot and loss {) Stock in hand on 31st M, a) Machinery is tobe depreciated {ii) Salaries for the month of Marc (iv) Insurance includes a premium of ® 1.700 ior {o) Wages include a sum of 40,000 spent on thee ‘customers (98) A provision for doubtful debts is tobe created tothe extent of 5% on sundry debtors (vi) Bank loan was taken on Ist October 2018 Or Mr Ram Murty started business on Ist Apni, 2018 with a capital of * 60,000. The following trial balance was drawn up from his books at the end of the year Name ot Accounts 10% pa. and patentat the rate of 20% pa 30,000 were unpaid. ‘ofa cycle shed for employees and Amt) Name of Accounts 9000 Coote 6000 Sate 2x00 Craator. 22000 4000 Bie saan 2000 00 Drawngs Part and feaures 42.000 as 52,00. You are required o prepare his ona ded 31st March, 2019 and a balance aowra ove juced by Ram Murty on Ist October, 2018. ymounted vor doubtul debts i8 fo be created at S% on the“5AMPLE QUESTION APER QUESTIONS-ANSWERS) \CCOUNTANCY \ighly Simulated Practice Question Paper for BE Class XI Examination ime: 3 hrs M.M. : 80 ‘al Instructions* * This question paper contains two parts A and B * Allquestion in both the parts are compulsory. * Allparts of questions should be attempted at one place * Marks for questions are indicated against each question. * Answers should be brief and to the point. Part A : OBJECTIVE TYPE QUESTIONS (1 Mark) nlliple choice questions (Q. no. 1 to 3) her $etfou options foreach question, out ofthese, only one's correct You have o identity he correct option Amachine of £8,00,000 purchased on 1st July, 2018. What amount of depreciation is charged nit on 31st March, 2019, if the rate of depreciation is 15% p.a.? a ®) £90,000 (b) € 1.20.000 ©) 845.000 (a) %60,000 c Opening stock + Purchases ~ Purchase return + Direct expenses ~ Closing stock = 2 Cost of Raw Material b) Gross Profit ,, © Cost of Goods Sold (@) Closing Capital Svar, ry Ea Me answer : Swers given at the end after you complete the pape seco attempt this sample paper without efeting the answers given here, However, cross check youravo Q {Succeed Accountancy Class y) |g ample Question Paper g im 3 At the ume of goods sold, output CGS aan Answer the following (Q. no. 4 to 6) ‘4 Give an example of transaction due to which there will be decrease in assets as wei sin Labilines IGST account is credited, because ig ‘pass the journal ase (oh naoary 5. Calculate the amount of cash, if total assets (excluding cash}= € 10,000, total Labilines = ¥ 8,000 ang total capital = 87,000. & White the full form of GAAP’ and ‘TFRS State true or false (Q. no. 7 to 8) t Here we hove given some statements You are meguired to mention whether these statements are tne or ‘ise 7. According to the cash basis of accounting, any outstanding and accrued transactions are not recorded in the books of accounts. 8. Cash end benk accounts always have debit balance. Journalise the following (Q. no. 9 to 10) ‘Here we have given some accounting ransacdons. You hove to ge the correct joural entry (ies) forall % When depreciation on machinery is recorded in the provision for depreciation 10. £6,000, recerved from Nena which was previously written-off as bad debts. Fill in the blanks (Q_n0. 11 to 12) Here each sentence i. SHORT ANSWER TYPE | 14. Explain the materiality princip Or Briefly explain the limitations QUESTION (3 Marks) its objectives and utilities ting SHORT ANSWER TYPE 15. Journalise the following transactions ISTIONS (6 Marks) M QUESTIONS (4 Marks)ve Succeed Accountancy Class x) or Prepare a bank reconciliation statement on 31st December, 2018 from the following particulars (a) Rakesh’s overdraft as per pass book is 24,000, (i) On 30th December. cheques had been issue 6,000 only had been encashed upto 31st Dec (a1) Cheques amounting to® 7,000 has paid into the bank for collection but ofthese conly € 1,000 had been credited in the pass book lov) The bank has charged £ 1,000 as interest on overdraft and the intimation of which has December 40,000 of which cheques worth (000, representing 800 paid by debtor of Rakesh lected directly by bank in respect of interest on Rakesh’s investment. Rekesh has no knowledge of these items, ‘has been debited in bank column of cash book by Rakesh but it was 3 all Give journal entnes to rectify the following errors .000 paid for furniture purchased has been debited to purchases account salary were debited to his personal account. medical bill were debited to sundry expenses account has been wrongly passed through the purchases book 000 hes been passed through purchases book, amount of £54 000 spent on annual white-washing was debited to building account. 5.000 pasd for rent was wrongly debited to landlord's account. LONG ANSWER TYPE I QUESTION (s Marks) 21. On 1st January, 2015, Vanraj Led purchased trom Bnjesh Ltd a machinery costing 6,00.000 on installment basis, payable as follows Amt) 2,00,000, 2,00,000 2.00,000 2.00.00 The company spent ? 20,000 on transportation and twas decided to provide: machinery was estimated life, realisable value of the m: of machinery to be ample Question Paper g 173 entity and their estimated useful lifes 10years each Part B OBJECTIVE TYPE QUESTIONS (1 Mark) choice questions (Q. no. 22 to 23) are four options foreach question, outof these, only ones correct You have to dent the correct {2 Which one of the following is an accounting software? (a) Micosotoffce (b) Coaloraw —_c) Tabyaratusy |uswer the following (Q. no. 24 to 25) 1M. Why profit and loss account of a bus {8 When purchase of computer is wrong sole-proprietorship, what treatment error at the end of the accounting 8. Match the following, is prepared? 'be done in final account On3ist March, 20 uly, 2018. Journal entry. Differentiate between balance shee! lain briefly the functions ofSHORT ANSWER TYPE II QUESTI 30. Ge any four points of companson between the vari sonware or Give short notes om () Micro computers (a) Super computers LONG ANSWER TYPE I QUESTION (6 Marks) ‘Shyam Das Gupta keeps his books on incomplete records following is the information available —— st Aon, 3st March, zee mee wer aad 00 feet cn = 1600 341200 aoe soon e000 — 32000 260000 oe 74000 sae00 am 2017240 — ____ss0000 400000 Desos te ves besa is pero investment of € 10,0.000 and 4 eh part of ssvemed into his business. He ‘withdrew € 60,000 in each ro a half year Calculate profit ov) Accrued merest on investment for 6 months (0 Salary due bur not paid * 4.400 QUESTION (5 Marks) Pp aon pte omens x mye SESE SE SES MS Se ah or yo —— -- es 7s Name ot Accounts Bias se Name of Accounts aot at bank Gd cna ‘om Lughtng and heatng canes Decourt asm as oobts am tresenss 20 a 37150 seo Adjustments (0) Depreciation charged on machinery @ 5% pa. (3) Further bad debts 1,500, discount on debtors 5% and make a provision on debtors @ Oe {or bad debts. {ia) Wages prepaid t 1,000, (iv) Interest on investment @ 5% pa, {) Closing stock ¥ 10,000, or From the following trial balance, prepare the trading and profit and loss account for the year ended 31st March, 2019 and the balance sheet as at that date. Ne ot ecu sent a bet ‘Saares Tet Sales pat (Bis recenabie Capa nano Erna aioe Pon one >on re sear oven scone 2 mon Ooearg soct Dion Duar nome 2 e foun roy oe na — ‘om beso a ‘terest on loan = 0 0) base ors serves oan yn menor se en co Tag orn Bes debs: oy (Cash at bank oeSHOMSUP JNOK 498U9 SS0/9 YeAeMo, 6 sed saBem pur AsPIeS (a) JaouPTPG UIgap Jo Wart UP JOU St HULMOTTOS 9111 J 940 Yor 6102 Udy PIE () 6102 ‘Wxty Dug 6102 ‘wdy wis (2) 6102 Iudy ay ig 2114 sty Josep AuMeU am si eYM ‘syuOUT ¢ 10} 610 ‘AENUEL IST UO UMPIP St A>BUPYDXA Jo sthtq y, : NM ASOS Induj AUD (p) 9M LS9O Iduy Au ON LSDIINdING 10 ofy Iss pue $99 Indino (@)_9/¥ 1SO1 INU 10 9/¥ ISOS PUE 1S90 ind 2LSD WIM paseyoind spooh jo aun oy 1 PANGP 94 ITM yey uondo j2a1709 ayy Anuapr 0) aany nox 10951 auo Aquo ‘asayijoino ‘'yonsanb Y90210} suondo no} 309 5, (¢ 0} | ‘ou ‘O) suoNsanb arroyo ard, CHW 1D) SNOLLSAND AdAL AALLOGLAO vy Hed quiod atp 03 pue Ja1uq 9q Pinoys siamsuy = ‘uonsanb yea 1suleSe Pare>Ipul 242 SuoASAND 10) SyeR « a0ejd auo 2e paidwane aq pinoys suonsanb jo sued iy » ‘osindwo> axe sued aya y10q u! uoasanb jy '@ pue y sued omy surequo> saded uonsanb siyy POT ert eros) say eam UO!EUILUEX3 |X SSE} 36) 404 4adeq UoNSand a3133e1g payeynuuis AyysHY [Link] (SY3MSNV-SNOILLS3NO) u3dvd NOILS3N0 Jdwvsss © i Succeed Accountancy Class x, Answer the following (Q. no. 4 to 7) 4. Give an example of transaction which decreases one asset and at the same time, {Las a bad debt. Which account of cash book always show a debit balance? Fill in the blanks (@. no. § to 9) Here. each sentence is incomplete due fone missing word You are equited fil that missing wor comecty 8 are the documents which contain details ofthe transactions and are p repared atthe time, a transaction is entered int. ‘ 8. Js an externa user of accounting information from whom the firm purchas goods on credit Paschoses Journalise the following (2. no. 10 t Here, we have given some ocounting tansoctans You have o ge the corecourmal entries} ora. 410. To close depreciation account at the end of the accounting year 41. To record dishonour of bill o exchange. 42, Define bank reconciliation statement 43. Match the folowing. coher Cohenn Drawer ‘Ser 5 Dawe Aoevevcrase: Cash back genres (s) Caen races SHORT ANSWER TYPE I QUESTION (3 Marks) 14, Give the informational needs of any three external users, or Explain the matching principle. How does matching principle apply to depreciation? SHORT ANSWER TYPE II QUESTIONS (4 Marks) "5: Jouralse the folowing transactions inthe books of Divi i) Divy withdrew for hs personal use cash 20,000 and goods worth € 30,000. claim of €1,70,000 only or Pass necessary journal entries for there: 2019 Inthe books a Sa tegen tansactions for the month of Noverbe Nov2 Goods purchased from Gears pure Rana 4 Co, tor 100,000, Plus CGST and SGST Nov 5 Sold goods to Jant : $0 Janta & Bros of € 60,000 to Nov Pudtonanetot tiem ua! ls IGST @ 18% Nov 15, Settlemer us debt. Goods of 9.000 and cash ® 11,000 given away ‘way as charity sample Question Paper 3 189 gollowing balances were extrac 6 Foye You are required to esol be entered as capita Paniars wo rom the books of Shri R Dharmesh on 1st March, 4 tral balance. The amount requited to balance purchases Sock on 18 Ap, 2018, 41. On Ast January, 2019, Rao sold goods worth £20,000 to Reddy Half ofthe payment was rade immediately and forthe remaining bal payable after 30 days. Reddy accepted te bill and returned itto Rao, On the due date Rao presented the bill to Reddy and received the payment. ‘Journalise the above transactions in the books of Rao and prepare Rao's account in the books of Red. 48, Enter the following transactions in the purchase journal (book) of M/s Bhalla Traders, Meerut of July, 2018 sai 1 Bowght nom ausk Trade, Deo eave go 2094 “ee ours @ to cath pect sr oe is See acon 10 : 415 Bought tom Sagan Sn : 15 Bowetik pude 18 cach, pls CGST 6 SGST 6 rte ep COST SST 50 es @ eee ath pn COST Os SOS Tose aco 10 Jura9 payne am Lamb asi 5 2 chairs @ € 600 per &h 1 table @ € 1,000 pert! LONG ANSWER TYPE I QU fhand he put the IESTIONS (6 Marks) to suspense account. suspense account 10190 a or ‘The following particulars relate to the business of Ronit Roy on 31st March, 2019. amit) 1.03 599 22500 4980 315 337379 238195 Parsovars 20,000 3.00 500 Prepare a statement reconciling the bank balance as per cash book with that shown by the bank pass book as on 31st March, 2019, What do you understand by Goods and Services Tax (GST)? Briefly, explain its characteristics LONG ANSWER TYPE II QUESTION (8 Marks) Unie Industries Ltd purchased on ist January, 2016, a machinery for 8 1,60,000, On turchased additional machinery costing € 96,000. On Ist September, inery purchased on Ist January, 2016 was sold off for € 84,000 and on fresh machinery was purchased at the cost of 1,50,000, Proved at 10% pa. on the diminishing balance method every year. losed each year on 31st December. Show the machinery account for 3 or Jone TanY whose accounting year is the calendar year, purchased on Ist April, 00,000. It purchased further plant on 1st October, 2016 July, 2017 costing 2 2,00,000, ‘of the plant which was installed on Ist Apri scam ‘obsolete and was sold for # 60,000 t April, 2016 became Show how the plant account would a that plant was depreciated by fixed appear in the books of the c ‘ompany, it being given installment at 10% pa i © iSucceed Accountancy Class x) Part B OBJECTIVE TYPE QUESTIONS (1 Mark) jg, Give names of wo mult-user operating system, i. Define diect expenses of business i, Give journal entry to record manager's commission on net profits alter charging such commission. jyuitiple choice questions (Q. no. 25 to 26) ere are four options for each question, out these, only one is correct. You have lo identity the correct ion ich ofthe following software isnot an operating software? os (©) Windows xP MS word (@) Norectnese 18, Which of the following is an output device? (a) Scanner (Panter (@) Smar-card reader (6) Keyboxe 28) State true or false (Q. no. 27 to setnencne meee tere, we have given some statements, You are requited to mention whether these statements. be. 21. System software is responsible to perform MS word, MS excel, etc. ftware, 28, Windows XP and MS-dos are the examples of an operating sot SHORT ANSWER TYPE I QUESTION (3 Marks) various limitations. 22, Inspite of possessing many capabilities, computers suffer from Limit Give any three such limitations. or a computers. Explain input units and output units of a comp SHORT ANSWER TYPE II QUESTION (4 Marks) the following details ‘Opening stock -* 40,000 pocnases-P140000 rary oross proton cost 33 5% or snowing details . pet sales, return inward is eps the et aes tr na 000, cost gt at alae 15 € 204 15 € 2000, Calculate closing stock rom (0 Calculate closing stock trom th Gross protitis 86,00: £10,000, opening stoc %10,00,000.193 Adjustments .epare the trading and profit and loss *h, 2019, ooo ‘aking into account the following account and balance sheet ay at “ig Stock in hand on 31st Mare LONG ANSWER TYPE I QUESTION (6 Marks) 431. Anthant Book Store keeps a bank cash book and does not keep any other books of account. From the following information, prepare his trading and profit and loss ‘account and balance sheet as on 31st December, 2018. Position of Assets ad Lilies __(o) Further bad debts are 1 (ui) Rent receivable t 2,000, ovision of 5% on debtors or ‘The following is the trial balance of Miss Arunima Roy on 31st March, 2019. 5420 - set amo Cae emis tor Sr i700 = sz Papert cers 120 a0 - Seow eo om few 000 600 - te raserce german 4.000 nan - 570) emece 000 = ; ya00 206¢00 LONG ANSWER TYPE II QUESTION (8 Marks) aes | teste 32. The following were the balances extracted from the books ir tre = The folowing wes of Mr Hari Kishan as on 0 (arch = zm : Nar ot hese im 8970 a cancer 197540 ao = 1.000 74220 3720 Fenere eae tau) ns 12,600 liad “oe 18,000 > aa pep saavo 16010 Carage on sales a Caregen parses Geen ., prepare trading and profit and loss: Bong Free tre Sears Paes Gover exces Oren Sune dtr 5 ating year. rated to next accountng Yle Question sample Paper 10 oe SAMPLE QUESTION PAPER (QUESTIONS-ANSWERS) ACCOUNTANCY 1. Business entity concept says that every business ul Simuiated Practce Question Paner for for a specific period of time. ass XI Examination il in the blanks (Q. no. 9 to 10) ere, each sentence is incomplete du ‘one missing word. You are required to ill that missing MM: 0 repared to check the Tee the La fouchers which are prepared atthe time of Ths question pve comcast pars A ae + Aiquesoon bon te pars ae compu eee eee tion. You have to giv the proper reason for al + Marts for questions ae indicated appt each question 1+ Aasuers shuld be Set andthe port drawee. If noting sated from bank by 13. Pass journal entry fo oye: payable the drawer SHORT ANSWER TYPE 1Ql actions are recorded in on tof the following accounting terms Part A OBJECTIVE TYPE QUESTIONS (1 Mark) Multiple choice questios ‘There are tour options torea206 Q iSucceed Accountancy Class x) 16. Prepare a trial balance from the following balances of Govind Prasad as on 3st March, 2019, Or Prepare return outward book from the following given information of Malakar & Brothers. 2019 Jun 1 Jun3 Jun June Goods of %6,000 return to Munna of Delhi. Fan return to Radha Electronics of % 3,000 due to very slow speed. Goods (Cloths) of ® 1,000 return to Tara & Sons of Mumbai due to different colounng, Malakar & Brothers return goods to Sobha & Co for 2900, which is originally | Purchased in cash on 28th May, 2019. 17. Journalise the following transactions in the books of Manik Chand. Mar 2 Sold goods costing ® 75,000 to Gajodhar ata profit 033 4 %on cost less 20% trade discount and paid camiage % 500 (to be charged from the customer) 5 Spent ® 1,000 for retreshment of a customer. Machinery purchased ® 70,000, paid instalation expenses 8,000. Sold goods costing ® 1,60,000 to Rakesh for cash at a profit of 25% on cost less 20% ‘rade discount and paid cartage f 1,000 (not to be charged from the customer) 18. Show the effect of the following transactions on the accounting equation. st 20.000 10.000 LONG ANSWER TYPE I QUESTIONS (6 Marks) ample Question Paper 1p ‘the following errors af pooks of Punjab Jewellers “(Cash pad t Sanjer & C0 25000 tied othe (vi) Goods worth 50,000 used forte constrcncn adjustment entry was mede f equipment for business but no Cheque deposit Payment received from customers directly by the bank ® 3.500 {iv) Bank charges debited in the passbook 200 () Premium on life policy of Sajal Kumar paid by the bank on standing advice 7 1,980 {vi) A bill of & 2,000 retired by the bank under rebate @ 10%, but the full amount of bill was | credited in the cash book. payment till the Sth January, 2019, LONG ANSWER TYPE II QUESTION (5 Marks) machine was purchased on adopted the practice of providing The company closes its books 02 machinery account upto 31st M pu auton Come 2 chats On a oo harging depreciation at 10% pa ep year om Jist March. Prepace plaat eno a Goel Construction Ld puPart B OBJECTIVE TYPE QUESTIONS (1 Mark) ‘Multiple choice questions (Q. no. 22 to 23) ‘There are four options for each question, out ofthese, only one isco! option rect You have to identity the correct ‘which language is CPU dependent? Assemby xcept Java 23. Asset of instructions in the comput (a) rgramsotware —@) system ‘Answer the following (Q. no. 24 to 25) 24, What is revenue expenditure? 25. Which characteristic of a computer is reflecte ‘Error in computer based information sys programming.” 26. Why closing stock is valued at lower of cost or realisable value by accountants? 2. ‘Trial Balance as ons Mach 2 realpan (0) aw device of revenue expenditure. Capea! Additional Information Charged interest on Drawings @ 15% pe Pass a journal entry for this adjustment 28. Match the following. Column Monitor Column pew ow. w SHORT ANSWER TYPE I QUESTION (3 Marks) 29. Calculate closing stock and cost of goods sold from the following items Opening stock € 30,000, sales % 96,000, carriage inwards ? 6,000, sales return € 6,000, gross profit € 36,000, purchases ® 60,000 a Opener Stock Camage on Purchase Sees Carnage on Sales SHORT ANSWER Ty cuss briefly th ae 9, Disc I the types of software ‘hat do you understand by auto OF jutomation ido I QUESTION (4 Marks) mation of accous of accounting process? Discuss the stages of LONG ANSWER TY PEI QUEST 3, Mis anata ons smal bakery we peal the double entry system, On st Api, 2018 sen of 7,80,000 Apri, 2018 she had stared her accounts on 3s with a capital (vii) Outstanding electri Calculate the profit/loss of her business during the year using statement of affairs method. LONG ANSWER TYPE II QUESTION (5 Marks) 42, Prepare the trading and profit and loss account and a balance sheet of M/s Shine Ltd from the following information. Name ot Accounts amt Name of Accounts ant) ‘Suey debtors 100,000 ils payable 5550 Bac 000 Surry creors 5.000 2500 Prove bad cebts 1300 $500 250000 3500 11200 1.000000 491310 () Interest210 © {Succeed Accountancy Class y, (vi) Rent, rates and taxes was outstanding % 200 (vii) Create provision on discount on debtors @ 2% Or From the following balances of M/s Jyoti Exports, prepare trading and profit and loss account for the year ended 31st March, 2019 and balance sheet as on this date. Particulars Amt (©) | Particulars Amt) Sundry debtors 9,600 | Sundry creditors 2.500 Opening stock | 22,800 | Sales 72.670 Purchases Purchase return 2.439 Carriage inwards ills payable 15.600 Wages | Capital 42,000 Office rent Insurance Factory rent Clearing charges Salary Building Piant and machinery ‘Cash in hand Gas and water Octroi Fumiture Patents 1,35,200 Adjustments (i) Closing stock 10,000. (ii) The provision for bad debts is to be maintained at 5% on sundry debtors. (iii) Wages amounting to t 500 and salary amounting to ¢ 350 are outstanding. (iv) Factory rent prepaid @ 100. (v) Depreciation charged on plant and machinery @ 5% and building @ 10%. (vi) Outstanding insurance ¢ 100.(000°2 2 980484 WOH $98) 5,408 pe (000°02 2 1unodoe yued jeuosied 104 0H 898 Su08 pg 000° 2 S20f01dw9 10 SOLEIPS 10) pp, ‘s89UISNQ 10} 000'01 210 8INVLIN) 1UE og juonpesuen ssautsng © 1H $1 289tH Jo Yor, nse: Buyesduew! (p) Bulsveuuin 6Bunestunuiuic BuiAjnuopur (a) s1 ssapord BuNUNEI® JO dars y80) 3, uondo j9a1109 ay AyUap! 0} aaDy noX '191109 st auO ATUO ‘asayz Jo INO ‘UONsAN Yoda 10f SUONdo INO} 340, (g 0) [ ‘ou *O) SuOTIsanb aaqoys atdhiny CLEW D SNOLLSAND AdAL AALLOALAO VY Hed quiod au 03 pue Jaq 2q Pinoys suaMsuy » ‘uonsanb y>ea ysuleSe paie>!pul aie suonsanb 40) sey » ‘a0e|d auo ye payduiane aq pjnoys suonsanb Jo sued iy « ‘Mosinduio> aie sued ay y0q Ul UoNsanb jy » ‘@ pue y sued omy sureyuo> 1aded uonsanb siyy » Eee) oe: WwW suyesam, uoneUlWeX3 |X 55e)) SE 404 sadeg UoRSaNd 83932 1g paye|nwUis AEH! [Link] (GSA 70SNN L L u3dVve NOILS3N0 Nadawvs© iSucceed Accountancy Class y) Answer the following (Q. no. 4 to 6) 4. Which source document is prepared by the seller for goods sold against cash? 5. Name the types of accounting vouchers. 6. Do you think that a transaction can break the accounting equation? Define the term (Q. no. 7 to 8) Here, we have given some terms. You are required fo detine them briely. 7. Goods. 8. Vouchers State true o false (Q. no. 9 to 10) Here, we have given some statements You are required fo mention whether hese statements are true or ‘alse 9. Cash basis of accounting violates GAAP. 10. Capital account is called a personal account. Journalise the following (Q_no. 11 to 12) Here. we have given some accounting ransactons. You have to give the correct journal entry 41. An asset was purchased 1 5,00,000, £5,000 were incurred transportation * 20,000 spent on installation expenses and commi: mn. paid on purchase to agent 5% of cost of asset. 12. To record transfer of asset sold to a separate account. 2. is an example of source documents which is used by the purchaser returning the purchased goods, SHORT ANSWER TYPE I QUESTION (3 Marks) 14, State the advantages offered by accrual basis of accounting or Give any three points of diference between book-keeping and accounting. SHORT ANSWER TYPE II QUESTIONS (4 Marks) 15. Record the following transactions duning the week ending 30th December, 2019 with @ ‘weekly imprest of 2500, @ Sample Question Paper 1) 100 charged by the bank. all were entered in the pass book but notin the cash book. £20,000, (vi) Overdraft as per pass boo Pass the journal entr = wing transactions, Purchased goods trom Sangeet of€ 80,000; plus SGST 6% and CGST 6% Insolvent and 55 paise in a rupee is 5,000 less 20% trade discount; plus SGST 6% ‘machinery trom Atul for ® 40,000 and paid him by means of bank draft 040, 18, “IFRS are very useful ational or global business enterprises." In the light of this statem¢ ich benefits of IFRS, sed as per revenue recognition principle? Are there total by € 7.040. The amou account. Subsequent] pass the necessary ent (i) Sales day book wasLONG ANSWER TYPE II QUESTION (8 Marks) 24. Tata Ltd purchased a machinery on 1st April, 2017 for & 1,20,000, machinery on Ist July, 2018 for € 80,000. On 1st January, 2020, machinery b st April, 2017 was sold for & 80,000 and a fresh plant was purchased on the same for € 60,000. Depreciation is charged at 10% p.a. on diminishing balance method. Show the machinery account for 3 years assuming that accounts are closed on 31st March each year Or MJ Ltd purchased a second hand plant for t 1,80,000 and spent @ 20,000 on installation and freight on 1st July, 201 jon was provided @ 10% pa reducing balance method. On 31st Decemb , USth of the plant was damaged due to fire and scrap was sold for ¥ 10,000. It was decided to buy @ new plant for £60,000 on Ist January, 2019, Prepare plant account for 3 years assuming that books were closed on 31st March every year Part B OBJECTIVE TYPE QUESTIONS (1 Mark) Multiple choice questions (Q. no. 22 to 23) ‘There are four options for each question, outof these, only one is correct. You have to identity the correct ‘option 22. Which of the following is correct? (a) Net sales = Casn sales + Cre alae Sales return processing system serves the organisation at the ..... level (a) operaing (b) management ) sratege () decision Answer the following (Q. no. 24 to 25) 24. Give examples of two types of operating systems. 25. 26. 2. 8 2. SHORT ANSWER Calculate closing stock trom th “Opening stock Cash sales Purchases Croat sales Fate of 08s proton cost 2a! 3) TYPE I QUESTION (3 Marks) or Calculate opening stock from the following details “Ghosing toe Ra Gy Cash sales 0000 Net purchases 70900 Net credit sales 40.000 © 5000 7000 ‘on cost 33.5, as SHORT ANSWER TYPE II QUESTION (4 Marks) "A computerised accounting system offers several advantages as compared to manual, accounting." In the light ofthis statement, discuss the advantages of a computerised accounting system. or State the various steps involved in designing the accounting reports. LONG ANSWER TYPE I QUESTION (6 Marks) |. Barkat Lal maintains his account on single entry system. Calculate his profit on 31st ‘March, 2019 from the following information {i Aor 2018 Are ®) Sst March, 2019 Amt ‘cash a hang ome) 000 Bank balance es e 000 ms 3.000 Debtors 2,000 and additional capital invested was drawings were ® 2,000 and ad D1 During the year his drawings wo create a provision on debtors at $= £4,000, Furniture appreciateLONG ANSWER TYPE II QUESTION (8 Marks) 32, The following tnal balance is extracted from the books of a Rama Enterprises on 31st Decemeber. 2019 abt Credit Parculas Balance t) Balance (t) Fumie 400 > Veneies a — 75.000 - Se = 1.25,000 mee 1250 - Prowsion for doubt oebes fad 2.000 Sirary oebtor anc creators 38.000 25.000 Sot on 1st January 2018 34600 - Purcnases ano saves 54.750 154500 Bar overt = asco Sales and purchases renens 2.000 1.250 sawerisng 4500 = interest on bank overeat 1.180) _ Commession = 3750 can) 6.500 = Tones ond nesrarce 12500 = Genes ecercee 7820 - Saznec 33000 - 340000 3.40,000 The following adjustments are to be made (0) Stock in hand on 31st December, 2019 was 32,500 (1) Depreciate buildings et the rate of $% furniture and fitings atthe rate of 10% and rotor vehiciss et the rate of 20% (si) 850 is due for interest on bank overdratt liv) Salanes t 3,000 and taxes ® 1,200 are outstanding. Insurance amounting to 1.000 is prepaid 4 ofthe commission received isn respect of work to be done nest yea (vil) Whte-otf « further sum of 1,000 as bad debts and provisio cmiaeee rovision for doubitul debt Prepare a trading and ‘and balance sheet as Sample Question Paper 1 o per 11 229 or rested pe balances have been extracted from the trial balance of M/s Runway Shine Ltd. Prepare a trading and prot Stet December 2018 ind and probit and loss account and a balance sheet as on 250.000 4500 3500 0 25.000 + 00.000 Printing and stationery Discount Bag debts Inaurance +000 40 LUghting charges oa) Telephone charges i Cariage outwards aa = 25.000 9400 cry Additional Adjustments i) Further bad debts ® 1,000, Discount on debtors ¢ 500 and make @ provision on nt @ 5%. £ 100 and 200 respectively. received on investmet and interest outstan« wn charged on motor car @ 5% p.a (9) Closing stock € 2,500saarasar pur uorstaosd Jo 972 10 ATTUIEXD UP ante, AMESt 10119 50 ag, WPMUM “TWNODdv asuadxa jPrauab 01 parrqap uaaq SPY 900'OI 250 AMUN AITO FO aseyoing € s10tia papis om $0 S2tdWexa Om aniey Ana 8, 130m SHPTMOTPD '000'00'Z 2 are santTIger] aprsino pue 0OO'OS'F 2 12 SSAUISNA ALI JO S19SSP [eIOy jy 1 (p 01 [ ‘ou ©) Hurmoytoy ayy Jomsny CHP 1D SNOILSHND AdAL AALLOALAO vy ued “qujod ayp 01 pue Ja14q 2q Pinoys suamsuy » uonsanb yea isuleBe pale2Ipul ae SuoNsanb 40) syzeyy ‘a2eid auo ye paydwane aq pjnoys suonsanb jo sized iy ‘Msosindwio> aye syed ay yiog UI UoNsanb jy 'g pue vy sued omy suleiu0> Jaded uonsanb siyy « Elbe E Cm erica ce: WH Saye: au UoHeUILUeX3 |X SSe]) 35) oj Jadeq uosand a212e1g paye;nwis AjYBIH AINVLNNODDV (G3A70SNnN) C L u3dVd NOILS3N0 Jdwvsze {Succeed Accountancy Class x) Gove rasan |@ 22 5206 . Bee we howe ger ¢ steer or must. Yor how to ge she proper reason fr a ‘SS Comme ence a two column cash book is not posted into the cash and bank ledgers (© Accoumng mformenan should be camparstie Multiple choice questions (50.7 10 9) There ae far antiens tr act GeO os! hese. ont coe Sk camect You have fo dentiy the correct oor 7. Debtors axe inciuded under @oeeme Dace 10. Under duel espect concept of accounting, asset is recorded at cost, even if the market ace is more ar less. ‘11. Exror of omission means a transaction being omitted to be recorded completely or parnally, 12 Goods costing * 50,000 (selling price ® 60,000) were destroyed by fire. Pass journal 13. Match the following. = Cour SHORT ANSWER TYPE I QUESTION (3 Marks) 14. Bnefly define the following terms (i) Purchases or White any three points of difference between cash basis of accounting and accrual basis of accounting SHORT ANSWER TYPE II QUEST! @ Sample Question Paper 12 233 96. Record te following tansatons nara Jat aman a sso sue = yu20 nase M7. Rectify the following errors and use suspense account where necessary {G) € 2.500 paid for office fursture was debited to ot ce expenses account (i) A cash sale of 7500 to Saksham was corectly entered inthe cash book but was posted to the credit of Saksham's account (i) Goods amounting to & 1,800, retumed by Aryan. were entered in the sales book and posted therefrom to the credit of Aryan’s account. (G9) Bills receivable received irom Sangeet fort 3,000 was posted to the credit of lls payable account and credited to Sangee's account 18. Briefly explain the historical cost con LONG ANSWER TYPE I QUESTIONS (6 Marks) 49. Enter the following transactions in the purchase book of M/s Shyam Book Store. Meerut 2019 ‘Vikas Book Store on credit Jan 4 Purchased from eet Prepare a 2019,234 20. Dinesh drew a 3 month’s bil Multiple choice questions (2. no. © {Succeed Accountancy Class y, dors for list price & 2,000 Jan 17 ; Jan 20 ena fs Manda Traders a 20,000 upon Himanshu The bill was endorsed in ouro! Mat who in tur endorsed i in veut ance. Prepare journal ot Dinesh, Himanshu, Tong favour of Tonu who endorsed Dinesh to discharge his own ‘and Mohit. LONG ANSWER TYPE II QUESTION (8 Marks) A irm purchased on 1st January 2017 a second hand plant for 272,000 and spent 28,000 fn its installation (On ist July in the same year, another plant costing % 40,000 was purchased. On {st July, 2018 plant brought on Ist January, 2017 was sold for €24,000 and a new plant purchased for 1,28,000 on the same date. Depreciation is provided annually o ‘0% Pa. on the written down value method. Show the plant account from or ‘What do you understand by historical cost ofan assets? (a) Following balances eppear in the books of Mukesh Sharma, as on Ist Apri, 2019, Machinery Account 80,000 Provision for Depreciation Account £31,000 On ist July, 2018, « machinery which was purchased on 1st April, 2016 for € 12,000 ‘was sold for & 5.000 plus CGST and SGST @ 6% each and on the same date another machinery was purchased for € 3,200 plus CGST and SGST @ 6% each, The firm charges depreciation @ 15% pa. by fted installment method and followed financial Prepere machinery account and 2019-20. Also, pass journal entry f Provision for depreciation account for the yeat for the sale of machinery. Part B OBJECTIVE TYPE QUESTIONS (1 Mark) "processor, . Pass journal entry for unsold stock at 2. Operating profit earned by Ashima Grewal a sole proprietor in 2 |. From the f @ Sample Question Paper 12 235 ill in the blanks (Q. n0,24 1995) ch sentence is incomplete dye ee, eet 7 deo one rising word. You are required tl that missing word consists of physica " Physical components such as keyboard, mouse, monitor and « Fefers to designing and developing user specific software . Give three examples of a Transaction Processing System (TPS). 1. Under the sit ee Eu Sytem, is it possible to check the arithmetical accuracy of the end of the accounting year 31st March, 2019 of € 40,500. SHORT ANSWER TYPE I QUESTION Mari was 2 17,00,000. Her non-operating incomes were & 1,50,000 and non-operating expenses were €3,75,000. Calculate the net profit eamed during the year Calculate net purchases from the following details Parr anti tau Opening stock is one and half times of closing stock. SHORT ANSWER TYPE II QUESTION (4 Marks) 1. Define computerised accounting system. Differentate between 2 manual and ‘computerised accounting system. (Any four) or What are secondary storage devices? Discuss briefly any two such devices LONG ANSWER TYPE I QUESTION (6 Marks) date alter making the necessary asus236 © iSucceed Accountancy Class Xi ) Provision for depreciation on furniture and fixtures at 5% pa. and on plant and machinery at 20% pa (0) Insurance prepaid was 200 (un) A fire occurred inthe godown and stock of the value of ® 10,000 was destroyed. It was, Insured and the insurance company admitted full claim, LONG ANSWER TYPE II QUESTION (6 Marks) Mr Shyam Kumar isa businessman who keeps is books of account under single entry system. The following data is availabe for the year 2019 mit) 7600 1.700 170 3400 10 20 From the above data, prepare a trading account, profit an 7 ended 31s December 2019 and balance shet ss a Mis Sun Prokesh doesnot system. Provided the fl ecount and balance sheet ‘© Sample Question Paper 12 237 ra a Ftara eh eta. we owsoe Thon “ae Care oe Bing mae ta Von acer mon mr renee ° “S Sag ok so coon nee 1p aim Cash Book Information oe 7 Land and building, purchased 40.00; wages £48,000; postage € 17.500 advertisement & 11,200; maintenance charges * 22,400, salaries * 33,600; ren paid ¥ 68,000; cash paid to creditors 6,40,000, drawings t 48,000 and cash received from debtors # 8,95,800. @ ANSWERS ve mapa ee eSSAMPLE QUESTION PAPER (UNSOLVED) ACCOUNTANCY ‘A Highly Simulated Practice Question Paper for CBSE Class XI Examination Time 3 0 Mm. 20 esos * This question paper contains two pans A and B ‘+ Allqueston i both the pars are compulsory ‘+ Aiiparts of questions shoud be atempted a one pace 1 Marks for questions are indicates against each question ‘+ Answers shou be brief and tothe pont. Part A OBJECTIVE TYPE QUESTIONS Multiple choice questions (Q. no. 1 Tere are four options for each © Sample Question Paper 13 5. Why is it necessary f concern? ve three items which will appear 10, Output CGST and output SGST or output IGST ace at the time of sales by a firm, Distinguish between ANSWER TY!240 © iSucceed Accountancy Class xi | 16. Record the following transactions in the journal of Tikam Singh. LONG ANSWER ne arias ame 21. On Ist February, 29 ae Ty LR TYPE II QUESTION (6 Marks) ach Purchased goods for £25,000 trom Jimmi. He enor 6700 nent o 5.000 by x0 " im by oe 0 rat “= 0 scorection. The bank duly present on 10 22,000 ‘The bank informed the same ta loa on 200 oot 19500 tu setonas of hs account hn and Jimmi and prepare Joba's —_— count in the books of John 47. The following facts are 1 the business of Rama Murhy who requires you to reconcile his cash book 1€ pass book balance. On 15th January, 2019, Karta ‘60,000 to Bhagwan and drew upon him Amt ®) 3 bills Of exchange oft 20.000 each payable ater one month two months and three Balance as per cash book (credit) 7,200 months respectively. The fi Unpresented cheques 11.750 Dill was endorsed by him Uncredited cheques 3.170 discounted by him immed: ‘Additional Information (0) The debit side of the cash book (bank column) has been undercast by 255, (a) Acheque of 8176 paid oa creditorhas been entered by mistake inthe cash column (i) Bank charges ® 64 have not been entered in the cash book. 48. Explain briefly any four advantages of accounting, Part B or Ve transactions in the books of Kartar and Bhagwan. Also prepare the books of Kartar and Bhagwan, Explain the consistency concepvassumption LONG ANSWER TYPE I QUESTIONS (6 Marks) 419. Pee Key Lid purchased a machinery on 1st May, 2017 for 12,00,000. On 1st July, 2018, it purchased another machine for ®4,00,000. (On 31st March, 2019, itsold off the frst machine purchased in2017 fort7,70,000 and 1s ‘on the same date purchased a new machinery for ® 10,00,000. Depreciation is (a) tracing account a provided at 20% p a. on the onginal cost each year. Accounts are closed each year on (© ont prft anaes acow Sist December. Show the machinery account for 3 years. 23. Insurance premium paid machinery Sars 20. Rectify the following errors assuming tl se account was opened, Ascertain (@ captat operate 2 ee the difference in inal balance (© deters rverve exvenstse (i) Depreciation provided on machinery 6,250 was not posted todepreciation account. | 2 Deas ad Sarees aa Difference between (Q.n0. 2 24. Input devices and output liv) Goods withdrawn by propnetor for personal use® 2,520 were not posted todrawings | 28, Trading account and prot a account = Fill in the blanks (Q. 29 26" required to fl that missing word we You are () Bills receivable for t 10,000 received from a debtor was not posted to bills receivable ue “ omeeene Here, each sentence is incomplete & correctly. yccounting 26. Payroll accounting the transaction are not recorded 2. In entry | 8. Give journal entrySHORT ANSWER TYPE I QUESTION (3 29. Pass necessary journal entries for the following speciation @ 5% is tobe charged on plant and machinery standing in the books at ince unexpired is € 600. }) Create provision for doubtful debts (@ 5% on debtors worth & 20,000, or Calculate total sales from the following details Cost of Goods Sole 600000 Feta inwaro 20000 Feta Ouwara 110.000 Gros prot i in oft net ses SHORT ANSWER TYPE II QUESTION (4 Marks) 30. Mr A started a business with a capital of € 5,000. At the end ol the year his position Pariculars ‘Amt Cash in Hana | 15,000 Caen a Bare 70.900 Sunory Debtors 120.000 50a 240.000 Fonte 75.000 Machinery 200000 Sundry creditors on this date totalled % 80,000. During the year, introduced a further capital of ? 1,50,000 and withdrew for household expenses ® 90,000, ‘You are required to calculate profit or loss during the year. or M/s Shyama Sports Equipment does not keep proper records. From the following information, find out profit or loss and also prepare balance sheet for the year ended 31st December, 2018. peau ‘318t December, 31st December, Ber overt ‘Sto Creators Sectors te payaoie Bis veces Macnnery Drawings ® 10,000 per month for personal use and tres! the year ® 2,00,000. A bad debts ® 2,000 and a pro Outstanding salary ® 2,400, prepaid insurance ® 700 and depres and machinery @ 10% pa " Lor NG ANSWER TYPE I QUESTION (6 Marks) 31. Briefly discuss any four components of accounting information syster ‘ounting information system. LONG ANSWER TYPE I QUESTION (8 Marks) 32. Following tnalbalanceisextracted fromthe books of amerchanton 31st March, 2019. Name o Accounts Debit Balance Credit Balance Funtue Motor vehicles ee Busing eee Capital account csvoow Ld 25000 Provision for dua debts = 0000 760000 5.00000 692.000 1095900 3090000 0.000 “000 25000 0 00 73.80 130000 250.000 + 56.400 6.60000 2.00000 68.0000 ‘The following adjustments are to be made Stock in hand on 31st March, 2019 was 6,50,000. 17,000 are due for interest on bank overdralt. Salaries 60,000 and taxes % 24,000 are outstanding, (v) Insurance amounted to® 20,000 is prepaid ‘commission to 5% on sundry debtors. Prepare the trading and profit and and the balance sheet as at that date Depreciate building @ 5% furniture @ 10% and motor vehicles @ 20%. received is in respect of work to be done next year nether 20,000 as doubtful debts and provision for doubtful debts sto be Joss account for the year ended 31st March, 2019‘S1OIqap UO juNODsIp 10} UOIstAoId %z PUP %G BD sigap THANOP 10} OTstAsd ava19 pu sIGEP Ped sv s1O1qaP WHO} QOO'S 2 1}0-A1UM (IA) “e'd %OT @ ernyrusny pur yupfd uo LoRPWaIdap j}o-a1UM (A) pout uaaq sey Anta O4 ing LoUMO ay} Aq a8N [PUOSIad 10) UOYP) a10M 0OS'LZ 2UHOM SPOOT (At) 000'p 2 Sa6vm pur g0¢'z 2 auvnsuy : sasuadxa prodaig (111) “000'9 2 Aze[es pur 00'S 2 1U9Y : sasuodxe HuTpUPISING (11) passed u90q sey Arua ou Ing }1Pa19 UO paseysind sem 990'00'L 2YUOM uP ‘gL0Z 1840190 IST UO (1) moraq uaatb syuaunsn{(pe ary UoNesaprsuoD our GuPyAR) ‘yep 1eUY Je Se Jays aDUPTEq ay PUP 6107 WIP ISTE Papua sea ayy 40} juNoDoP sso pur yyord pur HurpeN ayy aredarg sz 0€ 2 oszoc'zy o00'0z'e 28} 0W0OU 000'00'S, ‘AsOVOB} JO WUBI 000'S0'1 eunyuing 0008 (6102 'YOvBW ISLE) ses81UI Per.o0y 000'90'1. used 000'00'1. WOWISeru; (6102 ‘YoueW I8L£) 000'90'2 (6102 "4OuOW 181€) 01S 006 se6em BuipuBising —000'92'E ‘si01deg o0s'ze'L 8101191 000'GE'L ‘Auees ose Lhe rode o99'ze ouvinsuy pur Woy 000 Sy junoosip used =~ 000'9 sigep peg 000'S2 BIGEP |NJIGNOP 10) UOIBIAGIG GZ" (8102 ‘dy 181) @OUNINSU) prEcoig 000" IWOWIBOAU| UO \90I01U} 0008 sosvyoind Yo oBwusw> 000 's¥'2 pajoajoo xe) BeINg —NOG'ZE'S sede 000'00'08 9016 000'96"6I soswyoing ene swunoooy jo owen ane ‘munoooy Jo ewan 6102 ‘yoInW 181 VO wo oounjod (OH. CLOT Wey, WIE Uo paredasd uo0q soy ooUHTR [HLA BUMOTTO] OM} VALOBBY ¥//V JO HKoog OY OL 40 1% 55e)9 Aauejuno22y peevong 7 C) preSAMPLE QUESTION PAPER (UNSOLVED) ACCOUNTANCY A Highly Simulated Practice Question Paper for CBSE Class XI Examination Part A 14 G Sample Question Paper 14 247 9G (0.0.4 07) 350,000 have been sold an accounting equation? ‘What clo you mean by retiring of the bill under rebater for cash at 25% profit. How will you show this Name (wo errors which cannot be disclosed by trial balance 7. Raju draws a bill on M etl balance in cash. Hi Journalise the following (0. no. 8 to 9) Here, we have given some accounting transactions You have to giveth comectjoural ene fra 8. To record outstanding expenses (salary) 9. For interest on capital of Monica's acceptance and aan? Give reason (Q. no. 10 to 11) Here, we have given a statement or situation. You have to give the proper reason forall 10. Drawings account is treated as personal account. ‘11. Only financial nature of transactions are recordable in the books of account. 12. Match the following. the ledger acco rue or false? SHORT ANSWER TYPE I QUESTION (3 Maris) Vouchers (a) Drawings briefly the dual aspect principle with the help of an example, SHORT ANSWER TYPE II QUESTIONS (4 Marks) 15. Journalise the following trans Amt) aoe yrent account 40,000 a opening a cu os Aug 2 9,000 Aug 3 8.000 Aug 4 oo Aug 5 Aug 10Q iSucceed Accountancy Class Xi Cash € 50,000, bank % 95,000, debtors * 36,000, creditors ¢ 44,000, plant and machinery 1,60,000, building & 4,00,000, furniture ¢ 48,000, bills receivable € 1,13,000 and bills payable ® 47,000. You are required to calculate Monika's capital as on 31st March, 2019. 18. Enter the following transactions in sales (journal) book of M/s Bansal Electronics. 2019 Apri Apr 10 Sold to Anand Electronics as per bill no. 4351 5 TV sets 20") BAW 2 TV sets 21" colour ‘Apr 22 Sold to Kapoor Electronics as per bill no. 4399 10 tape recorders @ € 600 each Apr 28 8 as per bill no. 4430 10 mixer juicer grinders @ € 600 each LONG ANSWER TYPE I QUESTIONS (6 Marks) 19. What do you mean by International Accounting Standard Board (IASB)? State any four objectives of LASB. 20. From the following particulars, prepare bank reconciliation statement as on December, 2018, Debit balanc sh book # 20,000. A cheque for issued in favour of Krish has not been presented for payment. Abills for 81,400 retired by bank on our behalf under a rebate of 840, the fall amount of the bill was credited in cash book. ‘A cheque for? 590 deposited in bank has been dishonoured, Assum of Ongoing through by ®600. This was @ Sample Nuestion Paper 14 249 ‘een posted trom the day book to ledger as 1,000 Party has not been posted to th int though the ge desreciatio 15% pa. on reducing balance method. Pre} plant account for 3 years assuming books on a books are closed on 31st December each year or £00,000. Accounts are closed on 31st ‘March every yeat, Prepare a truck account for the 4 years Part B OBJECTIVE TYPE QUESTIONS (1 Mark) “Multiple choice questions (0. no, 22 to 23) There are four options foreachquestionoutof these, only ne is correct You have to identity the corect fe MSewe (6) Keyooars 280.000 le) B4B000 Fill in the blanks (Q. no. 24 to 25) He <2) Nove of hese a incomplete due fo one missing word. You are required o fil that missing word ence is incompl correctly 24, 25, 28, for doubt} debts is made on the debts that are ei age the overall working of a computer. Provisic kea eae and nak pus of € 3,00 are given nthe al Bl espn talbalnce ae eored ony in debisde * rue or false? ved to acon oor 28,SHORT ANSWER TYPE I QUESTION (3 Marks) 29, From the following details, calculate operating profit, Amt () Net profit 2,00,000 Rent received 20,000 Gain on sale of machine 30,000 ton loan 40,000 in 4,000 Or Aaray keeps incomplete records of his business. He gives you the following information al at the end of the year at the beginning of the year € 16,00,000; capital at th £12.4,000;€ 5.00000 was withdrawn by him fr his personal use. AS Aaray needed money for expansion of his business, he asked his wife for help. his wife allowed him| sell her omaments and invest jount into the business which was % 60,000, ‘You are required to calculate profit or loss made during the year. SHORT ANSWER TYPE II QUESTION (4 Marks) 30. Rama Das does not maintain proper accounting records. On 1st April, 2018, his financial position was as under abies amt Assets amt) croton 000 | Cash n ans 19200 Capt once | Debio £3200 Stok 54400 Future and ras 149200 280000 200.000 His financial position as on 31st March, 2019 was ‘Cash in hand & 25,600, stock € 74,000, sundry debtors & 81,600, furniture and fixtures 220,000; creditors & 89,200. His drawings were ® 72,000 during the year. Prepare ‘ulate net profit and statement of affairs as at 31st March, and & 1,600 was not ® 8,000 ‘and & 3,200 respectively Or Calculate total sales from the following informati LONG ANSWER TYPE QUESTION (6 Marks) 34. Briefly explain customised and tal advantages and limtatens ed accounting softwares alongwith their LONG ANSWER TYPE I QUESTION (8 Marks) 32, From the following balances of information, prepare the tradin« ‘M/s Kuber and Sons the year ended 31st December, 2018 and additional 19 and profit and loss account and the balance sheet of __Neme of Accounts At Name of Accounts amt) Capial 7 Purenases Saes ane Retun euwars 2 Bulcing aaa Opening stock 10.000 Debtors 410200 Cash at bare 0.000 rectors ‘000 Sues Tar pad 0.000 Fume 34000 Sales Te conc 7.000 Wages 3600 nest on vesiment 200 Pont a re a Additional Information (i) Closing stock was valued at 40,000, Provide depreciation on building @ 5% and on furniture @ 10% Outstanding salaries € 2,000 ‘Unexpired insurance 100 Accrued commission ® 600. (vi) Provide for manager's commission at 5% on net profit ater charging such commission or Azihant & Co has established its business in the rural area of Madhya Pradesh. Prepare the trading and profit and loss account for the year ended 31st March, 2019 and the balance sheet as at 31st March, 2019 from the following information. Parteuars Att) Particulars Amt) ‘unary eeatars 3.90000 Bas coe 1.000 using + 50.000 25000 ‘nome tx 10280 95.000 Loose oo 10.000 eon (ath at bark 142.00 +6000 Sundry exposes 19800 500 Bank eros C1) 2 Purchases ans 6m0 5390oe 0 Succeed Accountancy Class x} Aa . SAMPLE QUESTION 15 (UNSOLVED) 1 ze 2 JT Scone ciate ACCOUNTANCY bel A Highly Simulated Practice Question Paper for © CBSE Class XI Examination ” e ve rime: 3h a0 2 : 2 2 a ~ Part A ~ “TIVE TYPE QUESTIONS (1 Mar x ads costing 88,000 aes to Ra 2254 © LSucceed Accountancy ass x} © Sample Question Paper 15, or Record the following in the appropriate book of original entry. ome (lv) Babli, who owed ® 6,750 has become insolvent. She pays 50 palse in a rupee in fll and, final settlement 20, Give the journal entries to rectity the following ertors using suspense account, where Purchase Sas von‘amt 60,000 Name of Accounts LONG ANSWER TYPE II QUESTION (8 Marks) 21. A company had bought machinery for ¥ 10,00,000 including a boiler worth ¥ 1,00,000. The machinery account had been credited for depreciation on the reducing installment system for the past 4 years @ 10%, During the Sth year, ie. the present year the boiler became useless on account of damage to some of ts vital parts {and the damaged boiler is sold for & 20,000. Write up the machinery account. or (On ist January; 2017, Radharani Services Pvt Ltd purchased a truck for € 80,000. On. Ist July, 2016, this truck was destroyed due to an accident and %60,000_ were received by a cheque from the Insurance Company in full settlement on Ist October, 2018. On {st July, 2018, another truck was purchased by the company for ®1,00,000 plus IGST @ 12% ‘The company charges depreciation @ 20% p.a. following written down value method. Prepare Truck account and Depreciation account for 2017 to 2019 when books are closed on 31st March every year by the company. Part B OBJECTIVE TYPE QUESTION (i Mark) ‘Multiple choice questions (Q. no. 22 to 23) ‘aerate four options foreach questo. tof tes, nly ones comet. You have Ment the core 22. ...... reports are the user specific reports, (a) Oesnore (@) Excepten (0) Demand (0) Responsibity 23. Modern computerised accounting system is based on the concept of (6) cpersing eve! (2) canase lve! (0) worhirg level Define the term (Q. no. 24 to 25) Here, we have given some terms. You are required (0) system eve 24, Financial statements of a sole-propriet 25. Closing statement of aftairs 26. Js an interlace to the user OQ iSucceed Accountancy Class X! @ Sample Question Paper 15 257 27. When closing stock is given outside the trial balance, itis recorded in two accounts, i.e. trading account and balance sheet. Is it true or false? 28. Name two types of procedures which constitute part of the computer system, SHORT ANSWER TYPE I QUESTION (3 Marks) 29. Distinguish between balance sheet and statement of affairs. (Or Mrs Anu started a her friends a sum ters oa Caan 0000 Sone 700 Debts 35000 Cross 3.0000 She withdrew % 8,000 per month for the year. Calculate profit or loss for the year and show your working clearly. SHORT ANSWER TYPE II QUESTION (4 Marks) 30. Define procedures as an element’component of computer system. Also, discuss the types of procedures. Or Briefly explain any four factors which should be taken into account before sourcing fan accounting software. LONG ANSWER TYPE I QUESTION (6 Marks) 31. The following trial balance has been extracted from the books of Shn Manjul Kamar on 3ist March, 2019. a Particulars “Plant and machinery Frnt ana tures Capa sccountdrawings account Cash ana bank balances258 © i Succeed Accountancy (lass x! 259 “The following additional information is available tock om 31st March, 2019 was € 3,08,000. Depreciation is to be charged fixtures at 6% p.a. Loose tools are (si) Provision for doubtful debts is femuneration of € 20.000 pai jebited to his personal accout {©} Unexpired insurance was € 4.000 Prepare trading and profit and los account forthe year ended 31st March, 2019 and | Tihanee shee ar on mat ne | © ANSWERS snd machinery at 5% p.a, and furniture and. heshwant, a temporary employee, stands correct ed From the above data, prepare trading account and profit and loss ac ended 31st March, 2019 and balance sheet as on that date LONG ANSWER TYPE II QUESTION (8 Marks) 32, Shyam Das keeps hus books on single entry system and operate bank account. Prepare trading and profit and loss account as on 31st March, 2019 from the following information given below a rato soe [sxamens —— 0m Sem) amr van he 2m Mr Ramesh Kume: who keeps his bouks of account under single en ‘submits the tollowing informaton sins ste ° bout hus b for the year ending Fervcuwe Fre cat tea: ao som 73.00 Caer pera oo Frege mar seo. Scour recone cy fee lao Sates ur 3000) er pac 0 Parcs of tare sae.