[Accountancy Class 11 Question Paper, AHSEC Question Papers, Accountancy, 2023]
AHSEC CLASS 11 QUESTION PAPERSACCOUNTANCY' 2023Full Marks: 100Pass Marks: 30Time: Three hoursThe figures in the margin indicate full marks for the questions
1. Answer the following as directed: 1x6=6
(a) Accounting starts where
Book-keeping _______. [Fill in the blank with appropriate word / words]
(b) Building is _______
Account. [Fill in the blank with appropriate word / words]
(c) “All events are
transactions, but all transactions are not events.” [State whether the
statement is True or False]
(d) Purchases Book records
all _______ purchases. [Fill in the blank with appropriate word / words]
(e) Depreciation is a loss
in the value of assets. [State whether the statement is True or False]
(f) In India, Goods and
Services Tax was introduced with effect from the date _______. [Fill in the
blank with appropriate word / words]
2. Mention any two objectives of Goods and
Services Tax. 2
3. What is GAAP? 2
4. Mention any two features of a voucher. 2
5. What is Trial Balance? 2
6. Explain any three causes of depreciation. 3
Or
Explain any three
distinctions between Provision and Reserve.
7. Explain any three distinctions between a
Bill of Exchange and a Promissory Note. 3
Or
Briefly explain the meaning
of accommodation bill.
8. Explain any three distinctions between
Capital Expenditure and Revenue Expenditure. 3
Or
Briefly explain the meaning
of marshalling of assets and liabilities in Balance Sheet.
9. Explain any three disadvantages of
accounting from incomplete records. 3
Or
Explain any three
distinctions between Double-entry System and Single-entry System of
Book-keeping.
10. Explain any five distinctions between
Manual Accounting and Computerized Accounting. 5
Or
Briefly explain the role
of computer in accounting.
11. Mention any five advantages of database
management system. 5
Or
Write a brief note on the
structure of database management system (DBMS).
12. Explain any five distinctions between
Cash basis and Accrual basis of accounting. 5
Or
What is Balance Sheet?
Explain any three needs of Balance Sheet. 2+3=5
13. Pass Journal Entries to rectify the
following errors: 5
(1) An amount of Rs. 5,000
was received for rent from Hari but was wrongly credited to Hari’s Personal
Account.
(2) An amount of Rs. 3,000
was paid for a repair to motorcar was debited to Motorcar Account as Rs. 5,000.
Or
Explain the meaning and
uses of Suspense Account. 3+2=5
14. Naren drew a bill on Haren for Rs. 10,000
payable after three months. Haren accepted the bill. Show Journal Entries in
the books of Naren under each of the following circumstances, if the bill is
dishonoured on due date: 5
(1) Naren retains the bill
till the due date.
(2) Naren discounts the
bill with his banker for Rs. 9,500.
(3) Naren endorses the
bill to his creditor Amitav in settlement of his debt.
(4) Naren sends the bill
to his banker for collection.
Or
Explain the qualitative
characteristics of Accounting Information.
15. Jagadish, who maintains his book under
Single-entry System, started business on 1st April, 2021 with Rs.
50,000 as his capital. Immediately, he purchased furniture worth Rs. 12,000.
During the year, he took loan from his wife Rs. 30,000 and he himself
introduced additional capital of Rs. 19,000. He withdrew Rs. 1,000 at the end
of each month for his personal expenses. On 31st March, 2022, his
position was as follows:
|
|
Rs. |
|
Cash in Hand Cash at Bank Sundry Debtors Stock in Trade Bills Receivables Sundry Creditors Outstanding Salaries |
2,000 16,000 29,000 40,000 10,000 4,000 1,000 |
Ascertain his profit or
loss during the year ended 31st March, 2022. 5
Or
From the following
information, ascertain Total Purchases:
|
|
Rs. |
|
Opening Balances: Bills Payable Creditors Closing Balances: Bills Payable Creditors Cash paid to creditors
during the year Bills Payable discharged
during the year Returns Outwards Discount Received Cash Purchases |
30,000 40,000
35,000 45,000 1,60,000 50,000 5,000 2,000 1,00,000 |
16. Prepare a Triple-column Cashbook from the following particulars: 8
|
2022 |
|
Rs. |
|
March 1 March 2 March 3 March 4
March 12 March 15 March 20
March 26 March 29 March 31 |
Started business with
cash Deposited cash into bank
Bought goods by cheques Received cash from Rajib
and allowed his discount Sold goods for cash Paid into bank Paid to Ramu by cheque
and discount received Paid rent by cheque Drew from bank for
office use Paid salaries in cash |
50,000 20,000 2,000 1,000 100 5,000 1,000 2,000 200 1,500 1,300 1,500 |
Or
From the following
particulars of Ramendra Barua, prepare a Bank Reconciliation Statement as on 31st
March, 2022:
(1) Bank overdraft as per
Cashbook Rs. 6,000.
(2) Cheques issued but not
presented for payment to the bank Rs. 1,500.
(3) Interest on overdraft
Rs. 250 and bank charges Rs. 100 debited in the Passbook but not recorded in
Cashbook.
(4) Dividend collected and
credited by bank in the Passbook but not recorded in the Cashbook Rs. 600.
(5) A cheque of Rs. 1,000
deposited in bank and credited in the Passbook, but the same was not recorded
in the Cashbook.
17. On 1st January, 2018, Barua
Traders purchased Machinery for Rs. 96,000 and paid Rs. 4,000 carriage charges.
On 1st July, 2020, they purchased another machine costing Rs.
30,000. The rate of depreciation charges on Machinery was 10% per annum on
reducing balance method. Accounts are closed on 31st December each
year.
Show Machinery A/c and
Depreciation A/c in the books of Barua Traders for four years up to 2021. 8
Or
From the following
particulars, prepare an Analytical Petty Cashbook for the week ending 15th
of January, 2022:
|
2022 |
|
Rs. |
|
January 8 January 8 January 9 January 9 January 9 January 11 January 11 January 12 January 12 January 13 January 14 January 15 |
Balance of cash in hand with the petty cashier Bought postage and
stamps Paid for coolie charges Received from head
cashier Paid for carriage Paid for postage Paid for bus fare for
office peon Received from head
cashier Paid for printing and
stationery Paid for cleaning office
premises Paid for taxi hire
charges for manager Paid for carriage of
goods |
500 150 100 1,000 120 160 100 500 180 60 200 170 |
18. From the following Trial Balance of Sitaram Chaudhury as on 31st March, 2022 and the additional information, prepare a Trading and Profit & Loss A/c for the year ended 31st March, 2022 and a Balance Sheet as on that date: 8
Trial Balance
|
Particulars
|
Rs.
|
Particulars
|
Rs.
|
|
Opening Stock Purchases Carriage Inwards Carriage Outwards Wages Coal and Gas Salaries Office Expenses Discount Debtors Bad Debts Machinery Cash in Hand Cash at Bank Furniture Drawings |
10,000 70,000 2,000 1,000 5,000 1,000 6,000 1,500 500 24,000 1,000 10,000 1,500 2,000 6,000 1,000 |
Sales Bills Payable Purchase Returns Creditors Sundry Receipts Bad Debt Recovered Interest Received Commission Received Loan Capital |
80,000 7,000 10,000 20,000 500 500 500 2,000 5,000 17,000 |
|
|
1,42,500 |
|
1,42,500 |
Adjustments:
(1) Closing Stock as on 31st
March, 2022 was Rs. 30,000.
(2) Depreciation is to be
provided as follows:
On Machinery @ 10%
On Furniture @ 5%
(3) Outstanding Salaries
Rs. 2,000 and Prepaid Wages Rs. 1,000.
***
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