[Accountancy Class 11 Question Paper, AHSEC Question Papers, Accountancy, 2017]
AHSEC CLASS 11 QUESTION PAPERS
ACCOUNTANCY' 2017
Full Marks: 100
Pass Marks: 30
Time: Three hours
The figures in the margin indicate full marks for the questions
1. (a) Fill in the blanks: 1x4=4
a) “Recognize all losses, anticipate no ____.”
b) Accounting is the ____ of business.
c) Journal is a book of ____ entry.
d) Under incomplete record system, profit is indicated if the opening capital is ____ than the closing capital.
(b) State whether the following statements are True or False: 1x2=2
a) A Bank Reconciliation Statement is prepared by bank.
b) Trial Balance is a proof only of the arithmetical accuracy of the accounts.
(c) Rewrite the following sentences with appropriate alternatives: 1x2=2
a) Accounting software is an integral part of the Computerized Accounting System/Manual Accounting System.
b) The full form of CPU is Central Processing Unit/Computer Programming Unit.
2. Write any two advantages of Accounting. 2
3. Mention two distinctions between Purchase Book and Purchase Account. 2
4. Write two features of a Trial Balance. 2
5. Mention two main causes of depreciation. 2
6. State two roles of computer in the field of accounting. 2
7. Explain three primary objectives of book-keeping. 1x3=3
8. Write three distinctions between event and transaction. 1x3=3
9. Mr. Baruah kept his accounts in single-entry system. From the following particulars, ascertain his profit or loss: 3
Rs. | |
Capital at the beginning Capital at the end Drawing were Rs. 400 per month Fresh Capital introduced during the year Rs. 2,000 | 20,600 19,000 |
Or
Mention three disadvantages or limitations of single-entry system. 1x3=3
10. Explain three features of Computerized Accounting System. 1x3=3
11. State three purposes or needs of Database Management System. 1x3=3
12. What is the Accounting Standard? Mention its three importances. 2+3=5
Or
Explain the accounting principle which relates to the accounting equation: Assets = Capital + Liabilities
13. Explain five points of non-agreement of the bank balance as shown by cashbook with that of passbook. 1x5
Or
Nripen had the following assets and liabilities as on 1st April, 2016. Pass the necessary opening entry: 1/2 x 10 = 5
Rs. | |
Cash Bank Deposit Stock Furniture Plant and Machinery Land and Building Sundry Debtors Sundry Creditors Bills Payable | 2,000 5,000 5,000 10,000 25,000 50,000 15,000 35,000 7,000 |
14. Define a promissory note. State its three characteristics. 5
Or
What is dishonour of bill? State three reasons of dishonour of a bill. 2+3=5
15. On 1.4.2016, Tanmoy accepted a bill drawn by Nilam for Rs. 10,000 at one month. As the due date of the bill came nearer, Tanmoy found that it would not be possible for him to meet the bill on maturity. So on 30.4.2016, Tanmoy approached Nilam and requested him to receive Rs. 3,400 in cash including an interest of Rs. 400 and to draw on him a new bill for the balance amount for a further period of three months after cancellation the old bill. Nilam agreed to the proposal and new bill was drawn on 3.5.2016 and duly accepted. On the due date, the bill was met by Tanmoy. Pass Journal Entries in the books of Nilam. 1x5=5
Or
How many types of cheque are there in the modern business world? Explain each. 5
16. From the following particulars, prepare a Trial Balance: 5
Rs. | |
Stock Machinery Capital Cash in Hand Cash at Bank Sundry Creditors Wages Purchases Bills Receivable Interest Received Sundry Debtors Rent Sales Commission Allowed General Expenses Salaries Furniture | 600 4,000 9,000 500 1,000 4,500 1,000 8,000 2,900 300 4,400 450 16,000 250 800 500 5,400 |
Or
Explain five errors which are not disclosed by a Trial Balance. 1x5=5
17. Prepare a Trading Account of M/s Sarma Sweets for the year ended 31st March, 2016 from the following information and additional information: 5
Particulars | Dr. (Rs.) | Cr. (Rs.) |
Purchases Sales Return Outward Return Inward Wages Carriage Inward Duty and Clearing Charges Electric and Water charges Factory Rent Stock on 1.4.2015 | 1,50,000 30,000 25,000 3,000 500 500 3,500 38,000 | 2,70,000 20,000 |
a) Stock as on 31.3.2016 was valued at cost price Rs. 55,000 and market price Rs. 59,000.
b) Wages outstanding Rs. 1,000.
c) Factory rent paid in advance to the extent of Rs. 300.
18. Give five distinctions between the following: 1x5=5
Balance Sheet and Trial Balance
Or
Capital Expenditure and Revenue Expenditure
*****************************
Also Read:
*****************************
19. Prepare a Triple-column Cashbook from the following particulars: 8
2016 | Rs. | |
Dec. 1 Dec. 2 Dec. 3 Dec. 4 Dec. 10 Dec. 12 Dec. 20 Dec. 25 Dec. 28 Dec. 30 | Started business with cash Deposited cash into bank Bought goods by cheque Received cash from Raja Allowed him discount Sold goods for cash Paid into bank Paid to Hari by cheque Discount received Paid rent by cheque Drew from bank for office use Paid wages in cash | 25,000 10,000 1,150 500 25 1,500 300 545 5 500 200 400 |
Or
What is cashbook? State its five advantages. 3+5=8
20. On 1st April, 2013, a company purchased a machine for Rs. 10,000. It spends Rs. 2,000 on its erection. On 1st October, 2013, it purchased another machine for Rs. 4,000. On 1st April, 2015, the machine purchased on 1st April, 2013 was sold for Rs. 4,600. The company writes off depreciation at 10% p.a. on diminishing balance method. Accounts are closed on 31st March each year. Prepare Machinery A/c for the three years ending on 31st March, 2016. 8
Or
The following figures appear in the books of Sri A. Sarma in 2015:
2015 | Rs. | |
Jan. 1 Dec. 31 Dec. 31 | Provision for Doubtful Debts Bad Debts Sundry Debtors | 3,500 1,500 50,600 |
Additional Information:
a) Additional bad debts Rs. 600
b) Keep the provision for doubtful debts @ 5% on debtors.
Show the relevant accounts and show how bad debts and provision for doubtful debts will be reflected in the Profit and Loss A/c and Balance Sheet as at 31st December. 8
21. Mr. Jadu started business on 1st April, 2015 with Rs. 25,000 as his capital. Immediately he purchased furniture worth Rs. 6,000. During the year, he took loan from his wife Rs. 15,000 and he himself introduced additional capital of Rs. 9,500. He withdrew Rs. 900 at the end of each month for household expenses. On 31st March, 2016, his position was as follows:
Rs. | |
Cash in Hand Cash at Bank Sundry Debtors Stock-in-trade Bills Receivable Creditors Rent due | 600 7,800 14,400 20,400 4,800 1,500 450 |
Provide depreciation @ 10% on furniture. Ascertain the profit or loss made during 2015 – 16. 8
Or
What do you understand by single-entry system? Mention six points of difference between single-entry system and double-entry system.
22. From the following Trial balance of M/s Sarma as on 31st March, 2016, Prepare – 4+4=8
a) A profit and loss account for the year ended 31st March, 2016;
b) A balance sheet as on that date.
Trial Balance
Debit | Rs. | Credit | Rs. |
Building Salaries Rent Furniture Bad Debt Advertisement Drawings Sundry Debtors Bills Receivable Closing stock | 18,000 12,400 3,500 4,950 600 2,000 3,000 15,000 6,000 9,750 | Provision for Bad Debt Interest Received Creditors Outstanding Wages Capital Bills Payable Trading A/c (Gross Profit) | 400 400 4,200 900 45,000 2,000 22,300 |
75,200 | 75,200 |
Adjustment:
a) Salaries Outstanding Rs. 2,000
b) Furniture is to be depreciated by Rs. 950
c) Make provision for bad debts Rs. 500