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TenkasiDistrict
Common Quarterly Examination - 2023
e et t e e t t
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.NAlowed: 3.00 Hours ACCOUNTANCYlalai.iN
laalaiTime
Standard 11
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a a ssaa Maximum Marks: 90

Note: Answer all the questions. aa

P P dd PART - I
20x1= 20 a
PP d
a
w w .a.businessanswer.
Choose the most appropriate
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w w
a) Journal
ww
1) Financial position of is ascertained
b) Trial balance
on the basis
c) Balance sheet
of
w
w ww d) Ledger
2) Which one of the following is not a main objective of accounting?
a) Systematic recording of transaction
b) Ascertainment of the profitability of the business
ee t d)t Solving tax disputes with tax activities
c) Ascertainment of the financial position of the business
e et t
laalai.iN
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a) Business Entity
s s
b) Going concern
aaby
.Nindefinitely is
c) Periodicity d) Conservation
a

et
a) Reserve Bank of India b)
a a d
Thea
4) In India Accounting Standards are issued
d Cost and Man agent accounts of India
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a
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c) Supreme court of India P d) The Institute of Chartered Accountants of India P
w w .. P

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5) Which one of the following is representative personal accounts?
a) Building a/c b) Outstanding salary a/c
c) Mahesh a/c d) Balan & Co
6) Accounting equation signifies

eet t
ai
a) Capital of business equal to assets
b) Liabilities of a business are equal to assets
c) Capital of business is equal to liabilities
eet t
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d) Assets of a business are equal to total capital and liabilities
7) Prepaid rent is a
a) Drawing a/c b) Cash a/c
s saa l a
l ac) Real a/c d) Representative a/c
a a
as

8) J.F means
a) Ledger page number
P P a add b) Journal page number
P Paad
c) Voucher number
w w .. d) Order number
ww..
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9) Main objective of preparing ledger account is to
ad

a) Ascertain the financial position b) Ascertain the profit or loss

c) Ascertain the profit or loss and financial position
d) Know the balance of each ldger account
10) The Trial balnce is a
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a) Statement b) Account c) Ledger d) Journal

eet t e t t
11) The difference of totals of both debit and credit side of the trial balance is
e
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transformed to
a) Trading a/cb) Difference a/c
l a
l i
a c) Suspense a/c d) Miscellaneous a/c
w

12) Trial balance is prepared

a) at the end of the year
a a s aa
s b) on a particular date
c) for a year
P a a dd aad
d) None of the above
P
w

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13) Purchase book is used to record
a) all the purchases of goods
ww.. P
b) all the credit purchases of goods

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c) all credit purchases of assets
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d) all purchases of assets
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14) Cash book is a

a) Subsidiary book b) Principal book
c) Journal proper d) Both subsidiary book and principal book
15) The source of document or voucher used for recording entries in sales book is

eet t a) Debit note b) Credit note c) Invoice

e e t t
d) Cash receipt

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16) The balance in the petty cash book is
a) An expense b) A profit
17) A Bank staterment is a copy of
aa a a i
c) An asset
l l d) A liability

a
a) Cash column of the cash book
as s b) Bank column of the cash book
dd entry book keeping system d
18) The person who developedaa a
c) A customer's a/c in the bank's book

..P P double
d) Cheques issued by the business
P
.. P a
a) R.N. Carter
w
w b) ).R. Batiiboi
19) Invoice is a source docunent of
a) Primew
c) M.C. Shukla
w
w
d) Luca Pacioli
wwboth for the buyer and the seller b) Prepared by theww ww
wentry seler
c) Secondary document prepared by the buyer d) Prepared by exporters only
20) A cash bouk with discount, cash and bank columo is cailed
a) Sinple cash book b) Double coBumn cash book
c) Three column cash book
eet t t t
d) Petty cash book
ee
.NN .NN
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PART - II
Answer any SEVEN questions. Qn.No. 30 is compulsory: 7x2=14

eet t
21) Define accounting.
e et t
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22) What is meant by journalising.
23) What is balancing of an account?
24) Journalise the following transactions.
ssaal a
l a
a a a
dShowa
d the accounting equation for the following PP
Sold goods to Mahendra on credit ? 9,000

transactions.
w w ..PP
25) Selvi is a dealer in furniture.
w w..
wwww
i) Started business with cash ? 1,00,000
i) Deposited cash into bank 60,000
26) Mention four types of subsidiary books.
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27) What is meant by petty cash book?
28) State whether the balance of each of folowing accounts should be placed in the
N Net
e(i)tSundry debtors (ii) Cash in hand (ii) Bank overdrafte
debit or credit column.
N N e t t
i.i. i .
i . (iv) Capital

alala l a
la
29) Give the journalising entry for depreciation as on 31st Dec. 2017.
s sa a
Book value of the machinery as on 1st Jan. 2017 1,00,000.
a

et
Rate of depreciation is 10%
a a d d a
30) Write the narration with reference to the following Journal entries.
Particulars.P. P .P
. P
w w
Date
w L.F Debit (R)
w
Credit (3)

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()
w w ww
Bank A/c
To Dividend A/c
Dr 2,000
w www
2,000
(i) Drawings A/c Dr 12,000
ai To Purchase A/c
PART - III
12,000

e et t
Answer any SEVEN questions. Qn.No. 40 is compulsory:
eet t 7x3=21
al
laalai.iN .iN
.N33) Prepare Furniture A/c from the following statements.
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31) Only monetary transactions are recorded in accounting. Explain the statement.

a i
a
32) What are the three different types of personal accounts?
aa l l
a a s s
as

2016
Jan, 1
a add
Furniture in hand
P 2,000
.. P
1 Purchased furiture for cash
w w
4,000
ww.P
. P
wwbalance.
30 Sold furniture 400

wwww
ad

wwTrial
34) a) Define
b) What are the limitations of trial balance? (any 2)
35) Prepare a trial balance with the following information.
Particulars Particulars
.P

e et t Purchases
Bank loan
1,00,000
75,000
Sales
Creditors
e et t 1,50,000
50,000

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Debtors 1,50,000 Cash 90,000
l a
l a
w

realaa(iii)nominal
Stock 35,000 Capital 1,00,000
36) Classify the following into personal, s
d d a a s and account.
() Capital (ii) Building
P a a Carriage inwards
P
w

(iv) Cash
37) Give any three w
38) Record the w w .
reason P
(V) Commission received
. for
(vi) Bank
preparing Bank Reconciliation Statement. ww. . P
w transactions of Ram Agency. Prepare purchasewbook.
wwfollowing www
w

2017
July 5 Purchased on credit from Kannan & Co.
50 Iron boxes @ 500 each.
10 grinders @ 3,000 each.

eet t July 6 Purchased for cash from Siva & Co.

e et t
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25 fans @ 1,250 each.
20 grinders @
ssaa l
2,500 each.a
July 10 Purchased from Balan & Co on credit.
la
10 mixies
d d a a
@ 3,000 each
aa
Trade discount 10%

w P
.on.(a) Endorsement of a bill (b) Discounting of a bill. ww.P
P
Delivery charges
w ? 1,000.
. P
Aug. 1
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39) Write ashort
40) Preparew
cash
notes
w
a/c from the following transactions for the month of July
Dharmna started business with cash ?70,000 w w w
2017.
6 Cash received from Ganesan 7 10,000
10 Rent pald 73,000

eet t 20 Received commission from Anand 7 5,000

eet t
.NN .NN
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PART - IV
Answer ALL the questions: 7x5=35

N Neet t N e e t
transactions during the month of Jan. 2018. Journalise
N t
41) a) Jeyaseeli is a sole proprietor having a provision store. Following are the
them.
.
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2018
l a
l i
a .i .
Jan. 1
2
a a saa
Commensed business with cash
s
Deposited cash with bank
80,000
40,000
3
a add
Purchased goods by paying cash
P P
5,000
11,000
P Pa
4
5
ww . .
Sold goods to Joy and received cash
Paid salaries by cash 5,000
ww. .
ww w w
6
7
8
Bought Furniture for cash
Paid Electricity charges by cash
Bank paid insurance premium
4,000
ww
1,000
300
ww
(OR)
b) Explain about steps in journalising.
42) a) Enter the following transactions in the books of Ganesh and post tlem into
et
e t eet t
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ledger.
2017

aa
Oct. 1 Started business with cash
5 Deposited into bank ss
l a
l ai 25,000

10 Purchased furniturea
12,500

et
a add aand payment by cheque 2,000
a
19 . P
.P
15 Goods purchased for cash
ww Sold goods to Vasu on credit
5,000
ww
4,000. P
. P

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ww w w22 Goods worth 500 taken for persona use.
(OR) ww w w
of Rajesh 31.3.201
balances 7
b). Prepare the trial balance from following
the

t t
ai
Particulars
Bills receivable 13,000
Particulars
Drawings
t t
Sundry debtors
7,030
17,100
ee Bank charges 750
ee 12,000
al
laalai.iN
.N .iN
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350 Bills payable
Conveyance charges
Discounht received
l a
1,300
l i
a
aa (any 5)
Capital ?5,900
Cash in hand
aa s s1,000
as

between Journal and Ledger.

43) a) Distinguish

P Pa add (OR)
P Pa
certain errors. Re draft it. Trial balance as on
b) Tbe following
31.3.2018.ww . .
trial balance has
Credit balancew
w . .
ww w w ()|
ad

ww
Name of the accounts
Opering stock
Salaries
Debit balance (R)
1,00,000
36,000
ww
Creditor 1,32,000
35,000
.P

eet t Bank
Carriage inwards
eet t
18,000

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.N 9,000
Rent received
Discount allowed
l a
l i
a 6,000
w

Purchase
a s
a aa
s 3,48,000
60,000
Bills payable
P aadd P a 45,000
w

Debtors

ww . .
Carriage Outwards P 1,63,000
ww. . P 15,000

Capital
ww w w ww w w 9,000
w

Returns Inward 12,000

Discount received 18,000
Trade expenses 3,68,000
Sales 1,14,000

eet t Building
et
e t7,44,000 7,44,000

laalai.iN .iN
Textiles Ltd
.N .N
Total books of Santhosh
44) a) Prepare purchase book
l a
lai
and sales book in the
from the following transactions given
aa
for April 2017.
2017
a
dd s
a s
goods from Prasad

. P
.Pa
April 1 Purchased
a
Kanchipuram on credit
. P
. Pa
wwww 100 mts silk @ ? 450 per mt.
75 mts velvet @? 180 per wwww
mt.
ww 10 Sold goods to
Rathinam
60 mts silk @? 490 per
ww
Chennai
mt.
on credit

50 mts velvet @? 210 per us mt.

purchased from on credit
18 Nathan & Sons

eet t 100 mts silk @? 510 per

mt.
eet t
.NN .NN
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ww
April 20 Purchased goods from Hari Madurai on credit
50 rolls Kada cloth @ 730 per mt.

e et t 80 rolls Cotton cloth @ 650 per mt.

ee t t
laalai.iN
.N .iN
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24 Purchased from Mohan Karur for cash
Shirting cloth 7,000
l a
l a i
aadiscount
b) Bring out the differences betweens
Sarees 25,000
45) a) From the transactions given d d a a s
Cash and Trade discount.

. P.
for July 2017 and post P a a
them
below prepare
ledger.
the sales book of Kumar stationery
.P. Pa
2017
ww ww w w ww
ww1010 dozens
July
ww
5 Sold goods on credit to Saravana Traders Sayalkudi.
packs of A4 sheets @ 250 per pack.
of Writing pads @ 850 per dozen.
Less 10% discount for both.
8 Sold to Raja for cash

et
e t 15 packs of A4 sheets @ 250 per pack.
e e t t
laalai.iN
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.dozen.
20 Sold to Mohan & Co Madurai
5 White boards @
l al ai
2,200 each.
aa
ss
10 dozens of Writing pads @850
a
per

et
28 Sold to Kumaran ford
aa casha
23 Sold on credit to Narayanan old motor car for 5,000.
d 15 packet of Marker pens @ 250matiCHss
Raper pocket. P a
. P
. P (OR) Si
wwtransactions in a single column cash book of Seshadri ww
Vallamba2 . . P

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b)
2010 ww
May 2010.w
Enter the following
w ww w w for
Dist
Tekas
9
May 1 Cash in hand 40,000BVAKMAK.M,
ai 5 Cash received from Swathi
7 Paid wages in cash
4,000
2,000

eet t e
10 Purchased goods from Sasikala for cash
e t t 6,000
al
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15 Sold goods for cash
18 Purchased computer
aa l a
l ai 9,000
15,000
22 Cash paid to Saba
a as s 5,000
as

28 Paid salary
30
aadd
Interest received
P P
2,500
500
P Pa
. .
46) a) What are the advantages of subsidiary books? (any 5)
wwinstructions prepare bank reconciliation statementwasww w. .
b) From the w w (OR)
ad

ww following
31.12.2017.
a) Debit balance as per cash book ? 10,500.
ww on

b) Cheque deposited into bank accounting to 5,500 credited by bank, but

.P

entered twice in the cash book.

eet tc)
eet t
Cheque issued and presented for payment amounting to
7,000 omitted

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in the cash book.

l a
l a
d) Cheque book charges debited by the bank 200 not recorded in the cash
w

book.
a s
a aa
s
P add
e) Cash of 1,000 deposited by a customer in cash deposit machine not
a P a
w

ww . P
recorded in the cash book.
. ww . .
47) a) Discuss the role of an accountant in the modern business world.P
wwww (OR)
ww w w
w

b) Enter the following transactions in Ahamed's cash book with discount and
cash columns.
2017
Oct. 1 Cash balance 37,500

eet t 3 Cash sales

eet t 33,000

laalai.iN .iN
7 Paid to Velan 15,850 discount allowed by him
.N .N
150
13
15
aal a
lai
Sold goods to Perumal on credit
Cash withdrawn for personal use
19,200
4,800
16
a s
a s
Purchased goods from Mani
dd
14,300
22

.P.Pa
Paid to Bank
a
25 Cash received from Perumal
. P
. Pa 22,700
19,000

www
26 Draw a cheque for office use
w wwww 17,500

ww
27 Paid cash to Gopal
Discount received from him ww
28 Paid cash to Subramani and settled his a/c
2,950
50
14,200
29 Cash purchases 13,500
30 Cash paid advertising 1,500
eet t et
e t
.NN .NN
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