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Hsslive Xi Accountancy Unit Test QN 1 Act KLM

This document is a sample question paper for the First Year Higher Secondary Unit Test in Accountancy with Computerized Accounting for September 2024. It includes various sections with questions ranging from multiple-choice to descriptive answers, covering topics such as goodwill, accounting principles, and GST. The paper is structured to assess students' understanding of fundamental accounting concepts and practices.

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40 views1 page

Hsslive Xi Accountancy Unit Test QN 1 Act KLM

This document is a sample question paper for the First Year Higher Secondary Unit Test in Accountancy with Computerized Accounting for September 2024. It includes various sections with questions ranging from multiple-choice to descriptive answers, covering topics such as goodwill, accounting principles, and GST. The paper is structured to assess students' understanding of fundamental accounting concepts and practices.

Uploaded by

saiswarya986
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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SAMPLE QUESTION.
FIRST YEAR HIGHER SECONDARY UNIT TEST , SEPTEMBER- 2024
PART III
SUBJECT: ACCOUNTANCY WITH COMPUTERISED ACCOUNTING
CODE : FY.24 Cool-off Time :10 mints.
30 SCORES 1 HOURS
I. Answer any 4 questions from 1 to 5. Each carries 1 score. (5x1=5)
1. Goodwill is an example of ...........
(a) Tangible assets (b) Intangible assets (c) Wasting assets (d) Fictitious assets
2. The person who owes money to the business
(a) Debtors (b) Creditors (c) Drawings (d) Capital expenditure.
3. Expand the term GAAP
4. Find the odd one
(a) Asset = Capital + liability (b) Asset = capital – Liabilities (c) Capital= Asset- Liabilities
(d) Liabilities= Asset-Capital
5. Identify the book in which transactions are recorded for the first time .
(a) Ledger (b) Journal (c) Posting (d) Journalising.
II. Answer all questions from 6 to 8. Each carries 2 score. (3x2=6)
6. Explain the term Accounting ?
7. Explain the term source document.
8. Explain accrual basis of accounting
III. Answer the question. 3 score. (1x3=3)
9. As per the hint given below:
Hint: Asset increase : Debit.
a. Liabilities decrease :?
b. Expenses increase :?
c. Capital increase :?
IV. Answer the question. 4 score. (1x4=4)
11.Match the following.
Sl.No A B
a. Closing stock is valued at cost or market price Matching Concept
which ever is less
b. (Profit = Revenue – Expenses). Dual aspect
c. Accounting information should be free from bias Principles of Conservatism
d. Every transaction has two aspects Objectivity
V. Answer the question. 5 score. (1x5=5)
12. Explain GST and its 3 components
VI. Answer any one question from 1 to 5. Each carries 8 score. (1x8=8)
13. Briefly explain the qualitative characteristics of accounting inforamation.
14. Prepare journal from the following transactions.
1.1.2024. Ajith started business with cash Rs 1,80,000
2.1.2024 Purchased goods for Rs. 25,000
5.1.2024. Sold goods to Rajesh on credit Rs. 20000
10.1.2024. Paid rent Rs.1000.
15.1.2024. Sold goods Rs. 5000
20.1.2024. Cash deposited in to bank Rs. 10000
22.1.2024. Furniture purchased Rs. 20000.
30.1.2024. Cash withdraw for personal purpose for Rs. 1500.
For Association of Commerce Teachers (ACT ) KOLLAM
Prepared by PRAKASH.P.N, Govt.HSS Nedumgolam, Kollam, 9447226258, 7012881563

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