2016 11 Accountancy Sample Paper 01

7/25/2019 2016 11 Accountancy Sample Paper 01

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CBSE SAMPLE PAPER- 01 (Solved) for March 2016

ACCOUNTANC

Cla!! " #$

Time allowed: 3 hours Maximum Marks: 90

General Instructions:

1. This question paper contains Two parts A& B.

2. Both the parts are compulsory for all.

3. All parts of questions should be attempted at one place.

4. Mars are !i"en at the end of each question.

Par% " A (&'ac'al Acco%'* " $)1. What is meant by Book Keepin! (1)". What is meant by #n$oi%e or Bill! (1)3. &e'ine (apital )e%eipts with example. (1)*. +i$e two examples o' ,i-uid ssets. (1)/. xplain any three internal users o' %%ountin #n'ormation. (+). )e%ti'y the 'ollowin errors by passin entries:

2a %redit sale o' )s."4000 to )am was posted to )aman5s %%ount.

2b+oods %ostin )s.14000 2Market 6ri%e )s.14/00 were taken by proprietor 'or personal use4

not re%orded anywhere.

2%7ales Book was o$er%ast by )s.00. (+)

8. Write any three obe%ti$es o' %%ountin 7tandards 27. (+). xplain (onsisten%y assumption and )e$enue )e%onition prin%iple o' a%%ountin. (+)

9. +i$e any two di''eren%es between )eser$e and 6ro$ision. (,)

10.6repare Trial Balan%e 'rom the 'ollowin in'ormation:

Bank ;$erdra't .................................... )s.04000

6ur%hase ................................................ )s.34904000

;utstandin expenses ...................... )s."04000

7ales ......................................................... )s.*4"04000

)ent paid in ad$an%e ...........................)s.304000

6ur%hase )eturn .................................. )s.104000;penin 7to%k .................................... )s.14104000


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bill to the bankers 'or the %olle%tion 2a'ter two months. ;n the due date bill was honoured and

=inod re%ei$ed the due amount. +i$e entries in the books o' =inod and Mohan. (,)1".6repare (ash Book with Bank (olumn o' =inod 'rom the 'ollowin transa%tions:

pril 1 (ash in hand ........................................................................................... 104000

Bank ;$erdra't.......................................................................................... /4000

pril 3 )e%ei$ed %ash 'rom shish 2debtor................................................ 4000

pril * )e%ei$ed a %he-ue 'rom )am )s.14000 and sent to bank.pril / )e%ei$ed a %he-ue 'rom Mohan..........................................................."4000

pril (he-ue o' Mohan was endorsed to 7ohan.

pril 11 6aid li'e insuran%e premium o' 7h. =inod Kumar in %ash............/00

pril 1/ 6aid )ent ......................................................................................................... ../00pril 30 &eposited into Bank4 Balan%e o' (ash in ex%ess o' ....................."4000 (,)

13.s. Birla Mills:

100 pie%es lon %loth @ )s.0

/0 pie%es shirtin @ )s.100

pril 6ur%hased 'or %ash 'rom M>s. mbika Mills:/0 pie%es muslin @ )s.1"0

pril 1/ 6ur%hased on %redit 'rom M>s. r$ind Mills:

"0 pie%es %oatin @ )s.14000

10 pie%es shirtin @ )s.90

pril "0 6ur%hase on %redit 'rom M>s. Bharat Typewriters ,td:

/ typewriters @ )s.14*00 ea%h (,)

1*.6repare a Bank )e%on%iliation 7tatement o' Mr. &i$i Aain on 31 May "01" 'rom the 'ollowin:2a&r. Balan%e as per 6ass Book )s./04000.

2b(he-ue issued to Mr. imesh )ohati 'or )s."4000 not entered in (ash Book.

2%Mr. &hanra 2debtor deposited an amount o' )s.14000 dire%tly into the bank a%%ount o' Mr.

&i$i Aain.2d(he-ue re%ei$ed 'rom Mr. &hru$ +uleria 'or )s.4000 entered in %ash book but not sent to

bank.

2eThere was a %redit in the pass book 'or )s.00 and another %redit o' )s."00 'or interest.

2' Bank %hares )s./00 entered twi%e in the %ash book. (6)

1/.=inod ,imited pur%hased a ma%hinery o' )s.34004000 on 1st Auly4 "01" and )s.34004000 on 1stCo$ember "01". (ompany pur%hased one more ma%hinery on 1stAanuary "013 'or )s."4004000.

(ompany sold one ma%hinery 'or )s."4104000 on 31stMar%h "01* whi%h was pur%hased on 1st

Auly "01". (ompany pur%hased on se%ond hand ma%hinery on the same day 'or )s.14004000. )ate

o' &epre%iation is 10D by 7traiht ,ine Method and %loses its a%%ounts on 31st&e%ember e$ery

year.

6repare Ma%hinery >%4 Ma%hinery &isposal >% and 6ro$ision 'or &epre%iation >%.;)

=inod started a business with a %apital o' )s./4004000. t the end o' the year his position was as

'ollows:

6arti%ulars mount

6lant and Ma%hinery

;''i%e 'urniture

7to%k

34004000

14004000

"404000


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7undry debtors

Bank balan%e

(ash in hand

14/04000

04000

"04000

&urin the year =inod introdu%ed 'urther %apital o' )s.14004000 and withdrew 'or personal use

)s.*04000. 7undry %reditors at the end were )s.904000. (al%ulate pro'it or loss. ()

Par% " B (&'ac'al Acco%'* " $$)1.What is 7inle ntry 7ystem! (1)18.Where will you re%ord a spe%i'i% donation re%ei$ed4 while preparin a%%ounts 'or a ConEpro'it

oraniFation. (1)

1.#n "01* the subs%riptions re%ei$ed were )s./04000. These subs%riptions in%lude )s.300 'or "013and )s.*00 'or "01/. ;n 31st&e%ember4 "01* subs%ription due but not re%ei$ed were )s./00.

The %orrespondin 'iure on 1stAanuary4 "01* was )s.00. What amounts should be %redited to

the #n%ome and xpenditure a%%ount as subs%ription 'or the year "01*! (+)

19.%

2b(ash >%

2%)ent ;utstandin


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2d6repaid 7alary

2eBank ;$erdra't

2' (apital

"".xplain )eadymade and (ustomiFed so'tware with their ad$antaes ? limitations. (6)

"3.+i$en below is the )e%eipts and payments %%ount o' =inod 7ports (lub 'or the year ended 31.1"."00.

)e%eipts mount 6ayments mountBalan%e o' (ash

Balan%e o' Bank

7ubs%riptions

,i'e Membership 6

;utstandin expenses

10D Bank ,oan 21

&e%."01*

6ur%hase )eturn

/4004000

"40"4000

04000

"04000

/4000

1/4000

/4000

4"84000 4"84000

Ad.!%/e%!


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2a 7to%k at the end was )s.04000 2%ost and )s.04000 market pri%e.

2b Bad debts )s."4000.

2% Make pro$ision 'or doubt'ul debts /D on debtors.

2d &epre%iate plant ? ma%hinery @ 10D p.a.

2e Manaer is entitled 'or a %ommission on net pro'it @ 10D a'ter %harin su%h

%ommission.

;)

=inod Bros. pro$idin you 'ollowin in'ormation on 31stMar%h "01/. 7how the treatment o'

'ollowin items in related a%%ounts without doin %al%ulation o' pro'it or loss:

6arti%ulars mount mount

&ebtors

Bad debts

6ro$ision 'or doubt'ul debts

6repaid salaries;utstandin rent

(ommission re%ei$ed

/14000

14/00

EE

300EE

EE

EE

EE

00

EE*00

4000

dditional #n'ormation:

2a3 'or the next year. ()

Note for Teachers and Students

In case you have any doubt or any inquiry please go through the text bookUltimate Book of

Accountancy class 11thOR you can contact the author at [email protected]

2016 11 Accountancy Sample Paper 01

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