[Accountancy Class 11 Question Paper, AHSEC Question Papers, Accountancy, 2019]
AHSEC CLASS 11 QUESTION PAPERSACCOUNTANCY' 2019Full Marks: 100Pass Marks: 30Time: Three hoursThe figures in the margin indicate full marks for the questions
1. (a) Fill in the blanks: 1x4=4
1) Assets – Capital = ________.
2) Recognize all losses, anticipate no ________.
3) Credit purchases of goods are recorded in ________.
4) The Full form of CPU is ________.
(b) State whether the following statements are true or false: 1x4=4
1) Accounting is both a Science and an Art.
2) Assets account always show credit balance.
3) Accounting software is an integral part of the Computerized Accounting system.
4) Salary outstanding account show debit balance.
2. Mention two causes of depreciation. 2
3. Give two functions of Trial Balance. 2
4. Write two types of source documents. 2
5. Write the name of four parties who are interested in accounting information. 2
6. What is bill of exchange? 2
7. Mention three features of Petty Cash Book. 3
Or
What is Journalizing? 3
8. Distinguish between Bills of Exchange and Promissory Note. 3
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What is dishonour of a bill? 3
9. What is Capital Expenditure? 3
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Write three objectives of preparing Trading Account. 3
10. What is incomplete record? Give two reasons for incomplete record. 1+2=3
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Mention three disadvantages of single entry system. 3
11. Mention three limitations of computer. 3
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What do you mean by Database Management system? 3
12. Explain briefly the qualitative characteristics of Accounting Information. 5
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What is Accounting? What are the objectives of Accounting? 5
13. What is Accounting Standards? State its importance. 2+3=5
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What do you mean by the basic assumption of Accounting? Explain the money measurement concept. 3+2=5
14. Define Ledger. Explain the importance of ledger in recording of business. 2+3=5
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Record the following transactions in a Sale Journal: 5
| Jan 1 Jan 10 Jan 30 | Sold on credit to Mr. Ram, Guwahati 40 chairs @ Rs. 100 each. Sold on credit to Mr. Amrit, Jorhat 10 tables @ Rs. 500 each. Sold in cash to Mr. Joy, Tinsukia 10 tables @ Rs. 400 each. |
15. Pass Journal entries to rectify the errors: 2+2+1=5
1) Goods worth Rs. 500 taken by the proprietor for his personal use but not recorded in the books of accounts.
2) Cash sales to Ram of Rs. 209 was recorded as Rs. 909.
3) Sales Return for Rs. 600 not recorded in the books.
Or
Explain five errors which are not disclosed by a Trial Balance? 5
16. On 1st May 2018, Akash drew a bill of Rs. 15,000 on Bikash for two months. On 10th June 2018, Akash endorsed the bill in favour of his creditor Prakash. On due date the bill was dishonoured. Pass Journal entries in the books of Akash. 5
Or
Explain five differences between Bills of Exchange and Cheque.
17. Give five distinctions between Balance Sheet and Trial Balance. 5
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Give five distinctions between Statement of Affairs and Balance Sheet. 5
18. Give various advantages of computerized accounting system over the manual system. 5
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What is the role of computers in Accounting? Discuss the advantages of using computers in accounting. 5
19. What is Bank Reconciliation Statement? Explain the purpose of preparing such a statement. 2+6=8
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Prepare a Three Column Cash Book with the following transactions: 8
| 2018 April 1 April 2 April 3 April 4 April 12 April 20 April 25 April 30 | Started business with cash Rs. 25,000 Deposited Cash into Bank Rs. 10,000 Bought goods by Cheque Rs. 150 Received cheque from Ram Rs. 500 Allowed him discount Rs. 25 Paid into Bank Cash Rs. 300 Paid into Bank Ram’s cheque Rs. 500 Paid Hari by cheque Rs. 545 Discount Received Rs. 5 Drew from Bank for office use Rs. 200 Paid wages in Cash Rs. 400. |
20. Distinguish between Provision and Reserve. 8
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Kamal Traders purchased a machinery on 1st April, 2015 for Rs. 23,000 and spent Rs. 2,000 on its installation. It was decided to depreciate the machinery at 20% every year according to diminishing balance method. Prepare the Machinery A/c from April, 2015 to March, 2018 and show profit or loss if the machinery is sold on 31st March, 2018 for Rs. 10,800. The accounts are closed on 31st March every year. 8
21. From the following, ascertain the amount of total sales: 8
| | Rs. |
| Balance of debtors on 1.1.2017 Cash received from debtors Discount allowed to debtors Bills receivable received Bad debt written off Bad debt recovered Return inward Bills receivable dishonoured Bills receivable discounted Cash sales Balance of debtors on 31.12.2017 | 4,760 47,000 2,300 8,000 900 1,200 600 1,800 1,500 36,340 7,420 |
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What do you understand by single entry system? Mention six points of difference between single-entry system and double-entry system. 2+6=8
22. The following Trial Balance is extracted from the books of Mr. Hazarika as on 31.3.2018.
| Debit | Rs. | Credit | Rs. |
| Furniture Motor-Vehicle Building Bad debts Sundry Debtors Stock Purchases Sales Return Advertisement Interest Cash in hand Taxes & Insurance General Expenses Salaries | 640 6,250 7,500 125 3,800 3,460 5,475 200 450 118 650 1,250 782 3,300 | Capital Provision for Bad Debts Sundry Creditors Sales Bank Loan Purchase Return Commission | 12,500 200 2,500 15,450 2,850 125 375 |
| | 34,000 | | 34,000 |
Adjustment: Stock on 31.3.2018 was Rs. 5,750.
Prepare Trading A/c, Profit and Loss A/c and a Balance Sheet as on 31.3.2018. 8
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