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Sample Question PaperACCOUNTANCY
Time : 2½ hours
Written Exam Marks : 90 Marks
We have prepared and given here Sample Paper for Practice only.
[187]
Kind Attention to the Students � From this year onwards, blue print system has been abolished.
� Please note that questions will be framed from IN-TEXT portions ALSO.
� Approximately 20% of the questions will be asked from IN-TEXT portions.
� These questions will be based on Reasoning and Understanding of the lessons.
� Further, Creative and Higher Order Thinking Skills questions will also be asked. It requires the students to clearly understand the lessons. So the students have to think and answer such questions.
� It is instructed that henceforth if any questions are asked from ‘out of syllabus’, grace marks will not be given.
� Term Test, Revision Test and Model Exam will be conducted based on the above pattern only.
� Concentrating only on the book-back questions and/or previous year questions, henceforth, may not ensure to score 100% marks.
� Also note that the answers must be written either in blue ink or in black ink. Avoid using both the colour inks to answer the questions.
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11thSTD.
Time : 2.30 Hours ACCOUNTANCY Marks : 90
Sura’S Sample QueStion paper
PART - IAnswer all the questions.
Choose the correct answer. 20 × 1 = 20
1. Therootoffinancialaccountingsystemis__________.
(a) Socialaccounting (b) Stewardshipaccounting
(c) Managementaccounting (d) Responsibilityaccounting
2. Prepaidrentisa__________.
(a) NominalA/c (b) PersonalA/c
(c) RealA/c (d) RepresentativepersonalA/c
3. Whichofthefollowingstatementsisnottrue?
(a) Cashdiscountisrecordedinthebooksofaccounts
(b) Assetspurchasedoncreditarerecordedinjournalproper
(c) Tradediscountisrecordedinthebooksofaccounts
(d) 3gracedaysareaddedwhiledeterminingtheduedateofthebill
4. Theprofounderofdoubleentrysystemofbook-keepingis
(a) J.R.Batlibai (b) LucaPacioli
(c) OldKesal (d) Menhar
5. LandandBuilding` 6,00,000.Depreciation isprovidedat10%.Thevalueof landandBuildingwillbe
__________.
(a) `6,60,000 (b) ` 5,40,000
(c) `60,000 (d) ` 3,30,000
6. Afterthepreparationofledger,thenextstepisthepreparationof__________.
(a) Tradingaccount (b) Trialbalance
(c) Journal (d) Profitandlossaccount
[ 188 ]
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+1 Std - Accountancy Sura’s Sample QueStion paper 189
7. Cashbookisa__________.
(a) Subsidiarybook (b) Principalbook
(c) Journalproper (d) Bothsubsidiarybookandprincipalbook
8. Cashreceivedfromsaleoffixedassetiscreditedto__________.
(a) Profitandlossaccount (b) Fixedassetaccount
(c) Depreciationaccount (d) Bankaccount
9. Goodwillisclassifiedas__________.
(a) Acurrentasset (b) Aliquidasset
(c) Atangibleasset (d) Anintangibleasset
10. Abankreconciliationstatementispreparedwiththehelpof__________.
(a) Bankstatement (b) Cashbook
(c) Bankstatementandbankcolumnofthecashbook (d) Pettycashbook
11. __________istheinterfacebetweentheuserandthecomputersystem.
(a) Systemsoftware (b) Applicationsoftware
(c) Operatingsystem (d) Connectivitysoftware
12. Revenueexpenditureisintendedtobenefit__________.
(a) Pastperiod (b) Futureperiod
(c) Currentperiod (d) Anyperiod
13. Intriplecolumncashbook,cashwithdrawnfrombankforofficeusewillappearin__________.
(a) debitsideofthecashbookonly (b) bothsidesofthecashbook
(c) creditsideofthecashbookonly (d) debitsideofthepassbookonly
14. AcreditpurchaseoffurniturefromAthiyamanwasdebitedtopurchasesaccount.Whichofthefollowingaccounts
shouldbedebitedwhilerectifyingthiserror?
(a) Purchasesaccount (b) Athiyamanaccount
(c) Furnitureaccount (d) Noneofthese
15. Theliabilitiesofabusinessare 30,000,theCapitaloftheproprietoris 70,000.Thetotalassetsare__________.
(a) `70,000 (b) ` 1,00,000
(c) `40,000 (d) ` 50,000
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190 +1 Std - Accountancy Sura’s Sample QueStion paper
16. Theprocessoftransferringthedebitandcredititemsfromjournaltoledgeraccountsiscalled__________.
(a) Casting (b) Posting
(c) Journalising (d) Balancing
17. Aprepaymentofinsurancepremiumwillappearin__________.
(a) Thetradingaccountonthedebitside
(b) Theprofitandlossaccountonthecreditside
(c) Thebalancesheetontheassetsside
(d) Thebalancesheetontheliabilitiesside
18. Anexampleofoutputdeviceis__________.
(a) Mouse (b) Printer
(c) Scanner (d) Keyboard
19. Suspenseaccountinthetrialbalanceisenteredinthe__________.
(a) TradingAccount (b) ProfitandLossA/c
(c) BalanceSheet (d) Noneofthese
20. Accountingcyclebeginswithrecordingofbusinesstransactionsandendswiththepreparationof__________.
(a) Finalaccounts (b) Costaccounts
(c) Financialaccounts (d) Managementaccounts
PART - II
Answer any seven questions in which question No.21 is compulsory. 7 × 2 = 14
21. Nameanytwobasesofrecordingaccountinginformation.
22. Writeanyonetransactionwhich: a)Decreasestheassetsanddecreasestheliabilities
b)Increasesoneassetanddecreasesanotherasset
23. Whatisanopeningentry?
24. Findouttheamountofsalesfromthefollowinginformation:
Particulars ` Particulars `
Openingstock 30,000 Closingstock 20,000
Purchaseslessreturns 2,00,000 Grossprofitmargin(onsales) 30%
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25. PrepareFurnitureA/cfromthefollowingtransactions
2016Jan. `
1 Furnitureinhand 2,000
1 Purchasedfurnitureforcash 4,000
30 Soldfurniture 400
26. Whatisprepaidexpense?
27. Whatiscashdiscount?
28. Whatissuspenseaccount?
29. FromthefollowingparticularsprepareabankreconciliationstatementofJayakumarason31st December,
2016.
(a) Balanceaspercashbook` 7,130
(b) Chequedepositedbutnotcleared` 1,000
(c) Acustomerhasdeposited`800intothebankdirectly
30. Rectifythefollowingerrorsdiscoveredbeforethepreparationofthetrialbalance:
(a) Salesbookwasundercastby` 100
(b) Purchasesreturnsbookwasovercastby` 200
PART - III
Answer any seven questions in which question No.31 is compulsory. 7 × 3 = 21
31. “Businessunitslastindefinitely”.Mentionandexplaintheconceptonwhichthestatementisbased.
32. RadhikaTradersstartedBusinesswiththefollowingon1stApril2017.
Assets:Cash` 8,000;Bank` 7,000;Stock` 30,000;Debtors` 40,000;
(Mono` 25,000andSuman` 15,000)Furniture` 5,000andBuilding` 25,000
Liabilities:Creditors` 18,000(Suresh` 10,000andRamesh` 8,000)PasstheJournalEntry.
33. Statewhetherthefollowingexpendituresarecapital,revenueordeferredrevenue.
i) Advertisingexpenditure,thebenefitsofwhichwilllastforthreeyears.
ii) Registrationfeespaidatthetimeofregistrationofabuilding.
iii) Expenditureincurredonrepairsandwhitewashingatthetimeofpurchaseofanoldbuildinginordertomake
itusable.
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192 +1 Std - Accountancy Sura’s Sample QueStion paper
34. EnterthefollowingtransactionsinthePurchasesbookofM/s.SubhashreeElectricCo.,whichdealsinelectric
goods.
2017April5 PurchasedfromKarthikElectricCo.,oncredit
10Electricironbox@` 2,500each
5electricstoves@`2,000each
April19 PurchasedoncreditfromKhaitanElectricCo.,
3electricheaters@`6,000each
April25 PurchasedfromPolarElectricCo.,oncredit
10Fans@`2,000each
April29 PurchasedfromM&Co.forcash
10electricstoves@`3,000each
35. JournalisethefollowingtransactionsandpostthemtoLedger.
2016Jan. `
1 Startedbusinesswithcash 10,000
5 Paidintobank 5,000
7 PurchasedgoodsfromRamforcash 1,000
36. Aboilerwaspurchasedon1stJanuary2015fromabroadfor 10,000.Shippingandforwardingchargesamounted
to ` 2,000.Importduty` 7,000andexpensesofinstallationamountedto`1,000.Calculatedepreciationforthe
first3years@10%p.a.ondiminishingbalancemethodassumingthattheaccountsareclosed31stDecembereach
year.
37. EnterthefollowingtransactionsinasinglecolumncashbookofPandeeswariforthemonthofJune,2017.
`June 2 Startedbusinesswithcash 50,000
8 Paidrentincash 4,00010 Purchasedprinterforcash 7,50011 Cashpurchases 15,00014 Cashsales 10,00017 Commissionreceivedincash 6,00019 Interestpaidforloanincash 2,00020 Cashwithdrawnforpersonaluse 3,00021 Paidspeedpostchargesincash 3,500
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+1 Std - Accountancy Sura’s Sample QueStion paper 193
38. OnpreparingfinalaccountsofSuresh,baddebtaccounthasabalanceof`800andsundrydebtorsaccounthasa
balanceof`16,000ofwhich`1,200istobewrittenoffasfurtherbaddebts.Passadjustingentryforbaddebts.
Andalsoshowhowitwouldappearinprofitandlossaccountandbalancesheet.
39. PreparethetrialbalancefromthefollowingbalancesofChandramohanason31stMarch,2017.
` `CapitalDrawingsLoanborrowedSalesPurchases
1,24,5002,0007,000
53,40040,000
BankoverdraftMotorcarGeneralexpensesBuildingStock
5,80020,0002,500
1,10,00016,200
40. Statetherelationshipbetweeninformationanddecision.
PART - IV
Answer all the questions. (7 × 5 = 35)
41. a) Maryisacementdealerhavingbusinessformorethan5years.PassjournalentriesinherbooksfortheperiodofMarch,2018.March ` 1 CementbagsboughtoncreditformSibi 20,000 2 Electricitychargespaidthroughnetbanking 500 3 ReturnedgoodsboughtformSibi 5,000 4 Cementbagstakenforpersonaluse 1,000 5 Advertisementexpensespaid 2,000 6 GoodssoldtoMano 20,000 7 GoodsreturnedbyMano 5,000 8 PaymentreceivedfromManothroughNEFT
(or) b) FromthefollowingbalancesextractedfromthebooksofRajeshwariason31stMarch,2017,preparethe
trialbalance.
` `
CashatbankSundrydebtorsFurnitureandFixturesOfficeequipmentAdjustedpurchasesSalesreturnsClosingstockSales
28,00059,600
1,72,0001,10,0002,80,000
3,00015,000
2,36,000
RentandratesBankchargesBaddebtsDrawingsInsurancePremiumCapitalSundrycreditorsLoan(Cr.)
4,000400
4,00020,0004,000
3,00,00064,000
1,00,000
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42. a) FromtheTrialbalance,givenbySaif,preparefinalaccountsfortheyearended31stMarch,2018inhisbooks.
DebitBalances ` CreditBalances `
Land 40,000 Purchasesreturns 15,000Openingstock 40,000 Billpayable 7,000Machinery 66,000 Capital 1,50,000Purchases 1,30,000 Sales 2,20,000Wages 35,000 Creditors 60,000Interestpaid 13,000Cash 2,300Debtors 80,000Billreceivable 15,000Officerentpaid 12,700Furniture 3,000Drawings 5,000Salesreturns 10,000
4,52,000 4,52,000
Closingstock(31.12.2017)` 14,500
(or)
b) RecordthefollowingtransactionsinthesalesbookandsalesreturnsbookofM/s.Ponni&Co.,andpostthemtoledger.
2017Aug1 SoldgoodstoSenthilasperInvoiceNo.68for`20,500oncredit
Aug4 SoldgoodstoMadhavanasperInvoiceNo.74for`12,800oncredit
Aug7 SoldgoodstoKanagasabaiasperInvoiceNo.78for`7,500oncredit
Aug15 ReturnsinwardbySenthilasperCreditNoteno.7for`1,500forwhichcashisnotpaid
Aug20 SoldgoodstoSelvamfor`13,300forcash
Aug25 Salesreturnsof`1,800byMadhavanasperCreditNoteNo.11forwhichcashisnotpaid
43. a) Showthedirectledgerpostingsforthefollowingtransactions:2017June 1 Rajacommencedbusinesswithcash` 50,000 6 Soldgoodsforcash` 8,000 8 SoldgoodstoDevioncredit` 9,000 15 Goodspurchasedforcash` 4,000 20 GoodspurchasedfromShanthioncredit` 5,000
(or)
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+1 Std - Accountancy Sura’s Sample QueStion paper 195
b) EnterthefollowingtransactionsofFathimainthecashbookwithcash,bankanddiscountcolumnsforthemonthofMay,2017.
`
2017 May 1 Cashbalance 17,200Bankbalance 43,000
4 ReceivedfromRajkumarbychequeonaccount 6,500 9 SoldgoodstoKumarforcash 12,000 15 BoughtlaptopforbusinessuseandpaymentmadethroughNEFT 21,000 17 WithdrawncashfromBank 9,600 24 Goodspurchasedforcash`12,400andbycheque 18,200
25 Depositedcashwithbank 14,000 28 Paidstaffsalariesbycheque 8,000 29 Dividendreceivedincash 4,700 30 Paidofficerentincash 12,000
44. a) RagulpurchasedmachineryonApril1,2014for`2,00,000.On1stOctober2015,anewmachinecosting ` 1,20,000waspurchased.On30th September 2016, themachinerypurchasedonApril 1, 2014was soldfor `1,20,000.Booksofaccountsareclosedon31stMarchanddepreciationistobeprovidedat10%p.a.on straight linemethod. Preparemachinery account and depreciation account for the years 2014-15 to 2016-17.
(or) b) Prepareanalyticalpettycashbookfromthefollowingparticularsunderimprestsystem:
`
2017 July 1 Receivedadvanceformcashier 2,000
7 Paidforwritingpadsandregisters 100
8 Purchasedwhitepapers 50
10 Paidautocharges 200
15 Paidwages 300
18 Postalcharges 100
21 PurchasedStationery 450
23 Teaexpenses 60
25 Paidforspeedpost 150
27 Refreshmentexpenses 250
31 Paidforcarriage 150
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45. a) Preparebankreconciliationstatementason31stMarch,2017fromthefollowingextractsofcashbookandbankstatement.
Dr. Cash Book [Ban column only] Cr.
Date ParticularsAmount
`Date Particulars
Amount`
2017 Mar 1 To Balance b/d 9,000 2017 Mar 4 By Drawings 1,7003 To Ram 2,200 8 By Sumi 3,3009 To Prem 1,500 12 By Salary 2,800
16 To Pavithra 3,400 16 By Kayal 1,70023 To Devi 2,600 18 By Pooja 4,20027 To Mani 1,100 26 By Sam 2,00030 To Shankar 350 28 By Raheem 1,100
30 By Rent 1,10030 By Balance c/d 2,250
20,150 20,150
Bank Statement
Date ParticularsDr.
Withdrawals`
Cr. Deposits
`
BalanceDr. / Cr.
`
2017 Mar 1 By balance b/d 9,000 Cr.
To cheque-Drawings 700 8,300 Cr.
5 By cheque - Ram 2,200 10,500 Cr.
9 To cheque - Sumi 3,300 7,200 Cr.
11 By cheque - Prem 1,500 8,700 Cr.
12 To cheque - Salary 2,800 5,900 Cr.
17 To cheque - Kayal 1,700 4,200 Cr.
20 By cheque - Devi 2,600 6,800 Cr.
30 By Interest received 900 7,700 Cr.
30 To bank charges 15 7,685 Cr.
(or)
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b) Createanaccountingequationonthebasisofthefollowingtransactions:
(i) Rakeshstartedbusinesswithacapitalof` 1,50,000
(ii) Depositedmoneywiththebank` 80,000
(iii) PurchasedgoodsfromMaheshandpaidthroughcreditcard` 25,000
(iv) Soldgoods(costing`10,000)toMohanfor`14,000whopaysthroughdebitcard
(v) Commissionreceivedbychequeanddepositedthesameinthebank` 2,000
(vi) PaidofficerentthroughECS` 6,000
(vii) SoldgoodstoRamanfor`15,000ofwhich`5,000wasreceivedatonce
46. a) ABookkeeperfoundhistrialbalancenotbalancedplacedthedifferenceamountinthesuspenseaccountandsubsequentlyfoundthefollowingerrors:(a) Salesbookwasovercastby` 1,500.
(b) ` 2,900receivedfromVani in full settlementofhisaccountof` 3,000wasposted incashbookbutomittedtobeenteredinheraccount.
(c) Thetotalofthesalesbook` 12,000wasdebitedtosalesreturnsaccount.
(d) ` 1,000receivedasinterestwascreditedtointerestaccountas` 100.
(or)
b) WritethefollowingtransactionsinpropersubsidiarybooksofMr.Rajasekaran.
2014 May10 PurchasedgoodsfromRaman` 15,000.
May14 ReturnedgoodstoRaman` 500.
May18 PurchasedgoodsfromSekaran` 10,000.
May20 Pradeepsoldgoodstous` 20,000.
May24 SentaDebitnotetoSekaranforgoodsdamagedintransit` 1,000.
47. a) FromthefollowingtrialbalanceofRameshason31stMarch,2017,preparethetradingandprofitandlossaccountandthebalancesheetasonthatdate.
Particulars Debit`
Credit`
Stock(01.04.2016) 40,000Purchases 85,000Sales 1,90,000Sundrycreditors 48,000Furnitureandfixtures 65,000Debtors 45,000Cashatbank 21,000
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198 +1 Std - Accountancy Sura’s Sample QueStion paper
Wages 37,500Drawings 15,000Telephonecharges 3,000Baddebts 2,000Provisionforbaddebts 2,500Discountreceived 3,000Capital 85,000Advertising 15,000
3,28,500 3,28,500
Adjustments:(a) Closingstockwasvaluedat` 35,000(b) Unexpiredadvertising` 250(c) Provisionforbadanddoubtfuldebtsistobeincreasedto` 3,000(d) Provide2%fordiscountondebtors.
(or) b) Balanwhohasacardrivingschoolgivesyouthefollowingledgerbalances.Preparetrialbalanceason
31st December,2016.
` `
ComputerSalariestodriversTaxesandinsuranceFuelandPowerRentandrates
26,0004,000
16,5002,0001,500
FreeholdlandBankloanFeesreceivedCapitalAdvertisement
30,00015,00018,15053,8507,000
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+1 Std - Accountancy Sura’s Sample QueStion paper 199
ANSWERS
PART - I
1. (b) Stewardshipaccounting2. (d) RepresentativepersonalA/c3. (c) Tradediscountisrecordedinthebooksofaccounts4. (b) LucaPacioli5. (b) ` 5,40,0006. (b) Trialbalance7. (d) Bothsubsidiarybookandprincipalbook8. (b) Fixedassetaccount9. (d) Anintangibleasset10. (c) Bankstatementandbankcolumnofthecashbook11. (c) Operatingsystem12. (c) Currentperiod13. (b) bothsidesofthecashbook14. (c) Furnitureaccount15. (b) ` 1,00,00016. (b) Posting17. (c) Thebalancesheetontheassetsside18. (b) Printer19. (c) BalanceSheet20. (a) Finalaccounts
PART - II21. Therearethreebasesofaccountingincommonusage,namely
(i) CashBasis
(ii) Accrualormercantilebasis
(iii) Mixedorhybridbasis
22. (a) Cashwithdrawnbyproprietor-DecreaseinCashanddecreaseincapital.
(b) Purchaseoffurnitureforcash-Increaseinfurnitureanddecreaseincash.
23. (i) Attheendoftheaccountingyear,allnominalaccountsareclosedbutthebusinesshastobecarriedonwithpreviousyear’sassetsandliabilities.
(ii) Journalentrymadeinthebeginningofthecurrentyearwiththebalancesofassetsandliabilitiesofthepreviousyearisopeningjournalentry.
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200 +1 Std - Accountancy Sura’s Sample QueStion paper
24. Costofgoodssold = Openingstock+Netpurchases+Directexpenses–Closingstock
= 30,000+2,00,000–20,000
= ` 2,10,000
Letthesalesbe 100
Less :Grossprofit(30%onsales,i.e.,100) 30
Costofgoodssold 70
Therefore,GrossprofitonCostofgoodssoldis3070
×2,10,000=` 90,000
Sales = Costofgoodssold+Grossprofit
= ` 2,10,000+90,000=3,00,000
25. Dr. Furniture Account Cr.
Date Particulars J.F. Amount`
Date Particulars J.F. Amount`
2016Jan1 ToCashA/c 2,000 2016Jan30 ByCashA/c 400
11 ToCashA/c 4,000 31 ByBalancec/d 5,600
6,000 6,000
2016Feb1 ToBalanceb/d 5,600
26. (i) Prepaidexpensesrefertoamountpaidinthecurrentaccountingyearforthebenefitorservicestobereceivedinthenextaccountingyear.
(ii) Theyarealsocalledasunexpiredexpenses.Prepaidexpenseaccountisarepresentativepersonalaccount.
27. (i) Cashdiscountisallowedtothepartiesmakingpromptorimmediatepayment.Itisdiscountallowed(loss)forthecreditoranddiscountreceived(gain)forthedebtorwhomakespayment.
(ii) Thediscountisallowedwhenpaymentisreceivedormadeandhencetheentryfordiscountisalsopassedwiththeentryofpayment.
28. (i) Aftertransferringalltheledgeraccountbalances,ifthetrialbalancedoesnottally,stepsmustbetakentolocateandrectifyerrors.
(ii) If the errors cannot be rectified, then the trial balance is tallied by transferring the differencebetweenthetotalofdebitbalancesandthetotalofcreditbalancestoatemporaryaccountcalledsuspenseaccount.
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29. Bank Reconciliation Statement as on 31st December 2016
Particulars Amount`
Amount`
Balanceaspercashbook 7,130Add : Directdepositbyacustomer 800
7,930Less : Chequedepositedbutnotclearly 1,000Balancesasperbankstatement 6,930
30. (a) Salesaccountshouldbecreditedwith` 100. (b) Purchasesreturnsaccountshouldbedebitedwith` 200.
PART - III31. (i) “Businessunitslastindefinitely”.ThisstatementisusedinGoingConcernConcept. (ii) Going concern concept influencesAccounting practices in relation to valuation of assets and
liabilities, depreciation of thefixed assets, treatment of outstanding andprepaid expenses andincomes.
(iii) Thevaluesinvolvedinthegoingconcernconceptare: 1. Growth :Byfollowingthegoingconcernconcept,businessactivitiesaretobecarriedout
forfuturegrowth. 2. Preparing for future :Byfollowingthegoingconcernassumption,businessfirmalways
intendstoprepareforthefuture.
32.
Particulars ` `
Assets Taken over :Stock 30,000
Cash 8,000
Bank 7,000
Debtors 40,000
Furniture 5,000
Building 25,000 1,15,000
Less : Liabilities taken over :
Creditors 18,000
NetAssets(Capital) 97,000
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202 +1 Std - Accountancy Sura’s Sample QueStion paper
In the books of Radhika Traders Journal Entries
Date Particulars L.F. Debit`
Credit`
2017 April01
StockA/c Dr.CashA/c Dr.BankA/c Dr.DebtorsA/c Dr.FurnitureA/c Dr.BuildingA/c Dr. ToCreditorsA/c ToCapitalA/c(Being the amount of assets and liabilitiesacquiredfromRadhikaTraders)
30,0008,0007,000
40,0005,000
25,00018,00097,000
33.
S.No. Transactions Classification
i) AdvertisingExpenditure,thebenefitsofwhichwilllastforthreeyears.
DeferredRevenueExpenditure
ii) Registrationfeespaidatthetimeofregistrationofabuilding. CapitalExpenditure
iii) Expenditure incurred on repairs and whitewashing of an oldbuilding.
CapitalExpenditure
34. In the Books of M/s. Subhashree Electric Co.,Purchases Book
Date ParticularsInward Invoice
No.L.F.
Amount
Details`
Total`
2017April5 KarthikElectricCo.,
10Electricironbox@` 2,500each 25,000
5Electricstoves@` 2,000each 10,000 35,000
April19 KhaitanElectricCo.,
3Electricheaters@`6,000each 18,000
April25 PolarElectricCo.,
10Fans@` 2,000each 20,000
Purchases A/c Dr. 73,000
Note : Purchases onApril 29th 2017 will not be recorded in the purchases book, because it is cashpurchases.
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35. Journal Entries
Date Particulars L.F. Debit`
Credit`
2016Jan.1 CashA/c Dr. ToCapitalA/c(Startedbusinesswithcash)
10,00010,000
5 BankA/c Dr. ToCashA/c(AmountpaidintoBank)
5,0005,000
7 PurchasesA/c Dr. ToCashA/c(Cashpurchases)
1,0001,000
Ledger Account Dr. Cash Account Cr.
Date Particulars J.F. Amount`
Date Particulars J.F. Amount`
2016Jan1 ToCapitalA/c 10,000 2016Jan5 ByBankA/c 5,000
7 ByPurchasesA/c 1,000
31 ByBalancec/d 4,000
10,000 10,000
2016Feb1 ToBalanceb/d 4,000
Dr. Bank Account Cr.
Date Particulars J.F. Amount`
Date Particulars J.F. Amount`
2016Jan5 ToCashA/c 5,000 2016Jan31 ByBalancec/d 5,000
5,000 5,000
2016Feb1 ToBalanceb/d 5,000
Dr. Captial Account Cr.
Date Particulars J.F. Amount`
Date Particulars J.F. Amount`
2016Jan31 ToBalancec/d 10,000 2016Jan1 ByCashA/c 10,000
10,000 10,000
2016Feb1 ByBalanceb/d 10,000
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204 +1 Std - Accountancy Sura’s Sample QueStion paper
Dr. Purchases Account Cr.
Date Particulars J.F.Amount
`Date Particulars J.F.
Amount`
2016Jan7 ToCashA/c 1,000 2016Jan31 ByBalancec/d 1,000
1,000 1,000
2016Feb1 ToBalanceb/d 1,000
36. Calculation of Profit or Loss on sale of Plant
Date Particulars Amount`
01.01.2015 CostPrice(10,000+2,000+7,000+1,000) 20,000
31.12.2015 Less :Depreciation 20 00010100
, ×
2,000
18,000
31.12.2016 Less : Depreciation 18 00010100
, ×
1,800
16,200
31.12.2017 Less :Depreciation 16 20010100
, ×
1,620
BookValueoftheAsset 14,580
\ AmountofDepreciation : 2015 = ` 2,000 2016 = ` 1,800 2017 = ` 1,620
37. In the Books of Pandeeswari Dr. Cash Book (Single column) Cr.
Date Receipts R.N. L.F. Amount
(`) Date Payments V.N. L.F. Amount
(`)2017June 2017June
2 ToPandeeswari 8 ByRentA/c 4,000CapitalA/c 50,000 10 ByPrinterA/c 7,500
14 ToSalesA/c 10,000 11 ByPurchasesA/c 15,00017 ToCommissionA/c 6,000 19 ByInterestonLoan 2,000
20 ByDrawingsA/c 3,00021 ByPostchargesA/c 3,50030 ByBalancec/d 31,000
66,000 66,000July 1 ToBalanceb/d 31,000
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+1 Std - Accountancy Sura’s Sample QueStion paper 205
38. Adjusting Entry
Date Particulars L.F.Debit
`Credit
`
BaddebtsA/c Dr.ToSundrydebtorsA/c(Baddebtswrittenoff)
1,2001,200
Dr. Profit ad loss account for the year ended Cr.
Particulars Amount`
Amount` Particulars Amount
`Amount
`
ToBaddebts 800Add :AdditionalBaddebts 1,200
2,000
Balance Sheet
Liabilities Amount`
Amount` Assets Amount
`Amount
`
SundryDebtors 16,000Less : AdditionalBaddebts 1,200
14,800
39. In the books of Mr. Chandramohan Trial Balance as on 31.03.2017
S.No. Name of account L.F.Debit balance
`Credit balance
`
1.2.3.4.5.6.7.8.9.10.
CapitalDrawingsLoanborrowedSalesPurchasesBankoverdraftMotorcarGeneralexpensesBuildingStock
2,000
40,000
20,0002,500
1,10,00016,200
1,24,500
7,00053,400
5,800
Total 1,90,700 1,90,700
40. (i) Asasystem,everyorganisationacceptsinputsandtransformsthemintooutputs.(ii) Allorganisationalsystemspursuecertainobjectivesthroughaprocessofresourceallocation,whichis
accomplishedthroughtheprocessofmanagerialdecision-making.(iii) Informationfacilitatesdecisionsregardingallocationofresourcesandtherebyassistsanorganisationin
pursuitofitsobjectives.
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206 +1 Std - Accountancy Sura’s Sample QueStion paper
PART - IV41. a) In the books of Mary
Journal Entries
Date Particulars L.F. Debit`
Credit`
2018March1
CementbagsA/c Dr. ToSibiA/c(Cementbagsboughtoncredit)
20,00020,000
2 ElectricitychargesA/c Dr. ToBankA/c(Electricitychargedpaidbynetbanking)
500500
3 SibiA/c Dr. ToPurchasesreturnA/c(GoodsreturnedtoSibi)
5,0005,000
4 DrawingsA/c Dr. ToPurchasesA/c(Beinggoodstakenforpersonaluse)
1,0001,000
5 AdvertisementsexpensesA/c Dr. ToCashA/c(Advertisementexpensespaid)
2,0002,000
6 ManoA/c Dr. ToSalesA/c(Creditsales)
20,00020,000
7 SalesreturnA/c Dr. ToMonoA/c(GoodsreturnedtoMano)
5,0005,000
8 BankA/c Dr. ToManoA/c(PaymentreceivedfromManothroughNEFT)
15,00015,000
(or)
b) In the books of Rajeshwari Trial Balance as on 31.03.2017
S.No. Name of account L.F.Debit balance
`Credit balance
`
1. Cashatbank 28,000
2. Sundrydebtors 59,600
3. FurnitureandFixtures 1,72,000
4. Officeequipment 1,10,000
5. Adjustedpurchases 2,80,000
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6. Salesreturns 3,000
7. Closingstock 15,000
8. Sales 2,36,000
9. Rentandrates 4,000
10. Bankcharges 400
11. Baddebts 4,000
12. Drawings 20,000
13. InsurancePremium 4,000
14. Capital 3,00,000
15. Sundrycreditors 64,000
16. Loan(Cr.) 1,00,000
Total 7,00,000 7,00,000
42. a) In the Books of Mrs. Saif Dr. Trading and Profit and Loss account for the year ended 31.03.2018 Cr.
Debit Balances ` ` Credit Balances ` `
ToOpeningstock 40,000 BySales 2,20,000
ToWages 35,000 Less :Salesreturns 10,000 2,10,000
ToPurchases 1,30,000 ByClosingstock 14,500
Less : Purchasesreturns 15,000 1,15,000
ToGrossprofitc/d 34,500
2,24,500 2,24,500
ToOfficerent 12,700 ByGrossprofitb/d 34,500
ToInterestpaid 13,000
ToNetprofitc/d 8,800
(TransferredtoCapitalaccounts)
34,500 34,500
Balance as on 31st March 2018
Liabilities ` ` Assets ` `
Billspayable 7,000 Land 40,000
Capital 1,50,000 Machinery 66,000
Add : Netprofit 8,800 Cash 2,300
1,58,800 Debtors 80,000
Less :Drawings 5,000 1,53,800 Billsreceivable 15,000
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208 +1 Std - Accountancy Sura’s Sample QueStion paper
Creditors 60,000 Furniture 3,000
Closingstock 14,500
2,20,800 2,20,800
(or)
b) In the Books of M/s. Ponni & Co.,Sales Book
Date Particulars Outward Invoice No. L.F.
Amount
Details (`) Total (`)
2017 Aug1 Senthil 68 20,500
Aug4 Madhavan 74 12,800
Aug7 Kanagasabai 78 7,500
Sales A/c Cr. 40,800
Note : SalesonAugust20willnotberecordedinthesalesbecausetheyareCashsales.
Ledger Account Dr. Sales Account Cr.
Date Particulars J.F. Amount` Date Particulars J.F. Amount
`
2017Aug31 BySundries
asperSalesBook 40,800
Dr. Senthil Account Cr.
Date Particulars J.F. Amount` Date Particulars J.F. Amount
`
2017Aug1 ToSalesA/c 20,500
Dr. MadhavanAccount Cr.
Date Particulars J.F. Amount` Date Particulars J.F. Amount
`
2017Aug4 ToSalesA/c 12,800
Dr. Kanagasabai Account Cr.
Date Particulars J.F. Amount` Date Particulars J.F. Amount
`
2017Aug7 ToSalesA/c 7,500
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+1 Std - Accountancy Sura’s Sample QueStion paper 209
Sales Return Book
Date Particulars Credit Note No. L.F.
AmountRemarks
Details (`) Total (`)
2017 Aug15 Senthil 7 1,500 Aug25 Madhavan 11 1,800
Sales return A/c Dr. 3,300
Ledger Account Dr. Sales return account Cr.
Date Particulars J.F. Amount` Date Particulars J.F. Amount
`
2017Aug31 ToSundriesasper
SalesreturnBook 3,300
Dr. SenthilAccount Cr.
Date Particulars J.F. Amount` Date Particulars J.F. Amount
`
2017Aug15 BySalesReturnA/c 1,500
Dr. Madhavan Account Cr.
Date Particulars J.F. Amount` Date Particulars J.F. Amount
`
2017Aug25 BySalesreturnA./c 1,800
43. a) Ledger Account Dr. Cash Account Cr.
Date Particulars J.F.Amount
`Date Particulars J.F.
Amount`
2017June1 ToRajaCapitalA/c 50,000 2017June15 ByPurchasesA/c 4,000
6 ToSalesA/c 8,000 31 ByBalancec/d 54,000
58,000 58,000
2017July1 ToBalanceb/d 54,000
Dr. Raja Capital Account Cr.
Date Particulars J.F.Amount
`Date Particulars J.F.
Amount`
2017June30 ToBalancec/d 50,000 2017June1 ByCashA/c 50,000
50,000 50,000
2017July1 ByBalanceb/d 50,000
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Dr. Sales Account Cr.
Date Particulars J.F. Amount`
Date Particulars J.F. Amount`
2017June30 ToBalancec/d 17,000 2017June6 ByCashA/c 8,000
8 ByDeviA/c 9,000
17,000 17,000
2017July1 ByBalanceb/d 17,000
Dr. Devi Account Cr.
Date Particulars J.F. Amount`
Date Particulars J.F. Amount`
2017June8 ToSalesA/c 9,000 2017June31 ByBalancec/d 9,000
9,000 9,000
2017July1 ToBalanceb/d 9,000
Dr. Purchases Account Cr.
Date Particulars J.F. Amount` Date Particulars J.F. Amount
`
2017June15 ToCashA/c 4,000 2017June30 ByBalancec/d 9,000
20 ToShanthiA/c 5,000
9,000 9,000
2017July1 ToBalanceb/d 9,000
Dr. Shanthi Account Cr.
Date Particulars J.F. Amount`
Date Particulars J.F. Amount`
2017June30 ToBalancec/d 5,000 2017June20 ByPurchasesA/c 5,000
5,000 5,000
2017July1 ByBalanceb/d 5,000
(or)
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+1 Std - Accountancy Sura’s Sample QueStion paper 211
b) In the Books of Fathima Dr. Cash Book (Three columns) Cr.
Date Receipts
L.F. Amount
Date Payments
V.N.
L.F. Amount
Disc
ount
al
lowe
d
Cash Bank
Disc
ount
re
ceiv
ed Cash (`) Bank
(`) (`) (`) (`) (`) (`)
2017 2017
May May
1 ToBalanceb/d 17,200 43,000 15 ByLaptopA/c 21,000
4 ToRajkumarA/c 6,500 17 ByCashA/c 'C' 9,600
9 ToSalesA/c 12,000 24 ByPurchasesA/c 12,400 18,200
17 ToBankA/c 'C' 9,600 25 ByBankA/c 'C' 14,000
25 ToCashA/c 'C' 14,000 28 BySalaryA/c 8,000
29 ToDividendA/c 4,700 30 ByOfficeRentA/c 12,000
31 ByBalancec/d 11,600 200
– 50,000 57,000 – 50,000 57,000
June1
ToBalanceb/d
11,600
200
44. a) Calculation of profit or loss on sale of machinery
Particulars Amount`
Costofmachinery(April2014) 2,00,000
Less :Depreciationfor2014-15 20,000
1,80,000
Less : Depreciationfor2015-16 20,000
Less : Depreciation till the date of sale30.09.2016
2 00 000 10
100612
, , × ×
1,60,000
10,000
Bookvalueonthatdateofsale 1,50,000
Sellingprice 1,20,000
Lossonsaleofmachinery 30,000
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Ledger Account
Dr. Machinery Account Cr.
Date Particulars Amount` Date Particulars Amount
`
2014April1
ToBankA/c 2,00,000 2015Mar31 ByDepreciationA/c 20,000
Mar31 ByBalancec/d 1,80,000
2,00,000 2,00,000
2015April1
ToBalanceb/d 1,80,000 2016Mar31 ByDepreciationA/c(20,000+6,000)
26,000
Oct1 ToBankA/c 1,20,000 Mar31 ByBalancec/d 2,74,000
3,00,000 3,00,000
2016April1
ToBalanceb/d 2,74,000 2016Sep30 ByDepreciationA/c 10,000
Sep30 ByBankA/c 1,20,000
Sep30 ByProfitandlossA/c(Lossonsale)
30,000
2017Mar31 ByDepreciationA/c 12,000
" ByBalancec/d 1,02,000
2,74,000 2,74,000
2017April1 ToBalanceb/d 1,02,000
Dr. Depreciation Account Cr.
Date Particulars Amount` Date Particulars Amount
`
2015Mar31
ToMachineryA/c 20,000 2015Mar31 ByProfitandlossA/c 20,000
20,000 20,000
2016Mar31
ToMachineryA/c 26,000 2016Mar31 ByProfitandlossA/c 26,000
26,000 26,000
2017Sep30
ToMachineryA/c 10,000 2017Mar31 ByProfitandlossA/c 22,000
2017Mar31
ToMachineryA/c 12,000
22,000 22,000
(or)
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+1 Std - Accountancy Sura’s Sample QueStion paper 213
b) Analytical Petty cash book Dr. Analysis of Payments Cr.
Rec
eipt
s
C. B. F. N.
Date Particulars V.N. To
tal
Paym
ent
Prin
ting
&
Stat
ione
ry
Con
veya
nce
Wag
es
Post
age
and
tele
gram
s
Car
riag
e
Sund
ries
L.F. Pe
rson
al
Acc
ount
s
(`) (`) (`) (`) (`) (`) (`) (`) (`)2017 July
2,000 1 ToCash7 ByWritingpadsand
registers 100 1008 ByWhitepapers 50 5010 ByAutocharges 200 20015 ByWages 300 30018 ByPostalcharges 100 10021 ByStationery 450 45023 ByTeaexpenses 60 6025 BySpeedPost 150 15027 ByRefreshmentExpenses 250 25031 ByCarriage 150 150
1,810 600 200 300 250 150 31031 ByBalancec/d 190
2,000 2,000Aug
190 1 ToBalanceb/d1810 ToCash
45. a) Bank reconciliation statement as on 31st March 2017
Particulars Amount`
Amount`
Bankaspercashbook 2,250
Add : ByInterestreceived 900
ByChequeissuedbutnotreceived 4,200
Chequedepositedintobankbutnotcollected 350 5,450
7,700
Less : Bankcharges 15
Balanceasperpassbook 7,685
(or)
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b)
S. No. Transaction
Cash`
Bank`
Stock`
Drs`
Total Assets
`=
Total Liabilities
`
Capital`
i) Started business with capital +1,50,000 +1,50,000
Balance +1,50,000 +1,50,000
Equation +1,50,000 = +1,50,000
ii) Deposited money with the bank
–80,000 +80,000
Balance +70,000 +80,000 +1,50,000
Equation +1,50,000 = +1,50,000
iii) Purchased goods from credit card –25,000 +25,000
Balance +70,000 +55,000 +25,000 +1,50,000
Equation +1,50,000 = +1,50,000
iv) Cash sales –10,000 +14,000 + 4,000
Balance +70,000 +55,000 +15,000 +14,000 +1,54,000
Equation +1,54,000 = +1,54,000
v) Commission re-ceived by cheque +2,000 +2,000
Balance +70,000 +57,000 15,000 +14,000 +1,56,000
Equation +1,56,000 = +1,56,000
vi) Paid rent by ECS –6,000 – 6,000
Balance +70,000 +51,000 15,000 +14,000 +1,50,000
Equation +1,50,000 = +1,50,000
vii) Sold goods to Raman
+5,000 –15,000 –10,000
Balance +75,000 +51,000 0 +14,000 +1,40,000
Equation +1,40,000 = +1,40,000
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+1 Std - Accountancy Sura’s Sample QueStion paper 215
46. a) Rectification of Errors
S. No. Particulars L.F. Debit`
Credit`
(a) SalesA/c Dr. ToSuspenseA/c(Excesscreditinsalesbooknowrectified)
1,5001,500
(b) SuspenseA/c Dr. ToVani'sA/c(Partial omission in credit of Vani's A/c nowrecorded)
3,0003,000
(c) SuspenseA/c Dr. ToSalesA/c ToSalesreturnA/c(WrongpostingonSalesreturnA/cforSalesA/cisrectified)
24,00012,00012,000
(d) SuspenseA/c Dr. ToInterestA/c(CorrectionininterestreceivedA/c)
900900
Dr. Suspense Account Cr.
Particulars Amount` Particulars Amount
`
ToVani'sA/c 3,000 BySalesA/c 1,500
ToSalesA/c 12,000 ByDifferenceintrialBalance 26,400
ToSalesreturnA/c 12,000 (BalancingFigure)
ToInterestA/c 900
27,900 27,900
(or)
b) In the Books of Mr. RajasekaranPurchases Book
Date ParticularsInward Invoice
No.L.F.
AmountDetails
(`) Total (`)
2017 May10 Raman 15,000 May18 Sekaran 10,000 May20 Pradeep 20,000
Purchases A/c Dr. 45,000
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Purchases Return Book
Date ParticularsDebit Note No.
L.F.Amount
RemarksDetails (`) Total (`)
2014 May14 Raman 500 Damaged
intransit
May24 Sekaran 1,000
Purchases return A/c Cr. 1,500
47. a) Dr. Trading and profit and loss account of Ramesh for the year ended 31st March 2016 Cr.
Particulars Amount`
Amount` Particulars Amount
`Amount
`
ToOpeningstock 40,000 BySales 1,90,000
ToPurchases 85,000 ByClosingstock 35,000
ToWages 37,500
ToGrossprofitc/d 62,500
(Transferred to profit andlossaccount)
2,25,000 2,25,000
ToBaddebts 2,000 ByGrossprofitb/d 62,500
Add : NewProvisionforbaddebts 3,000
(Transferredfromtradingaccount
5,000
Less : Oldprovisionforbaddebts
2,500
ByDiscountreceived 3,000
2,500
ToProvisionfordiscountondebtors
840
ToTelephonecharges 3,000
ToAdvertising 15,000
Less :Unexpired 250 14,750
ToNetprofit 44,410
(Transferredtocapitalaccount)
65,500 65,500
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+1 Std - Accountancy Sura’s Sample QueStion paper 217
Balance sheet for the year ended 31st March 2016
Liabilities Amount`
Amount` Assets Amount
`Amount
`
SundryCreditors 48,000 FurnitureandFixtures 65,000
Capital 85,000 Debtors 45,000
Add : Netprofit 44,410 Less :Provisionforbaddebts 3,000
42,000
1,29,410 Less :Provision for discountondebtors 840
Less :Drawings 15,000 41,160
1,14,410 Cashinbank 21,000
Closingstock 35,000
Unexpiredadvertising 250
1,62,410 1,62,410
(or)
b) In the books of Balan Driving School Trial Balance as on 31.12.2016
S.No. Name of account L.F. Debit balance`
Credit balance `
1. Computer 26,000
2. Salariestodrivers 4,000
3. Taxesandinsurance 16,500
4. FuelandPower 2,000
5. Rentandrates 1,500
6. Freeholdland 30,000
7. Bankloan 15,000
8. Feesreceived 18,150
9. Capital 53,850
10. Advertisement 7,000
Total 87,000 87,000
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218 +1 Std - Accountancy Sura’s Sample QueStion paper
NOTES
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