[Accountancy Class 11 Question Paper, AHSEC Question Papers, Accountancy, 2022]
AHSEC CLASS 11 QUESTION PAPERSACCOUNTANCY' 2022Full Marks: 100Pass Marks: 30Time: Three hoursThe figures in the margin indicate full marks for the questions
1. Fill in the blanks/Choose the correct
answer/Write True or False of the following: 1x8=8
(a) Accounting records only the transactions of _______ nature.
(b) The convention of conservation results in under-statement of
_______.
(c)
The rule for Personal Account
is _______ the receiver and _______ the giver.
(d) Trial Balance is an account / a statement / an information.
(e) The sale value of an asset after it becomes useless is called
_______.
(f)
A bill of exchange is a
conditional document.
(g) Outstanding rent is a revenue / liability.
(h) The full form of CPU is _______.
2. Define Accounting. 2
3. What is entity assumption? 2
4. What is the principle of double-entry
system of book-keeping? 2
5. What is Suspense Account? 2
6. What is the function of Provision for Bad
and Doubtful Debts? 2
7. Write three distinctions between Bill of
Exchange and Promissory Note. 3
8. What is meant by adjustment entry in final
accounts? Give two examples of adjustment entry. 3
9. Write three limitations of incomplete
records. 3
Or
Mention three qualitative characteristics of
accounting information.
10. Explain money measurement concept. 3
11. Explain three benefits of computerized
accounting system. 3
Or
Write three uses of database management
system.
12. What is accounting standard? Mention its
three importances. 5
13. Show the distinction between Journal and
Ledger. 5
Or
From the following particulars, prepare Sales
Book of M/s Sharma Enterprise, deals in furniture:
|
Date |
|
|
March 6 |
Sold
on credit to Bimal Stores 5
almirah @ Rs. 650 5
tools @ Rs. 50 Less:
5% Trade Discount |
|
March 12 |
Sold
to Bora Furniture House 100
chairs @ Rs. 75 40
tables @ Rs. 60 Less:
Trade Discount 10% |
|
March 18 |
Sold
on credit two old typewriters to Madan and Co. @ Rs. 800 |
|
March 28 |
Sold
to Satyabrata Baishya in cash 1
sofa set @ Rs. 750 1
dining set @ Rs. 900 |
14. On 1st April, 2003, A drew a three months’ bill for Rs. 10,000 on B, who accepted the same and returned it to A. On 4th May, 2003, A discounted the bill with his banker @ 6% p.a. On due date, the bill was dishonoured by B and bank incurred noting charges of Rs. 15. Pass necessary Journal Entries in the books of A. 5
Or
What is transaction processing system?
Discuss.
15. Show the distinctions between
Book-keeping and Accountancy. 5
Or
What do you mean by Generally Accepted
Accounting Principles? Explain ‘Recognise all losses anticipate no gain’.
16. From the following incomplete records of
Mr. Bhuban, a trader, ascertain the profit or loss of his business for the year
ended on 31.03.2014: 5
On 31st March, 2014, his position
was as follows:
|
|
Rs. |
|
Plant
and Machinery Furniture
and Fixtures Bills
Receivable Sundry
Debtors Sundry
Creditors Closing
Stock Cash
in Hand Cash
at Bank |
50,000 22,000 7,900 27,500 14,700 32,000 1,200 6,700 |
During the year, Mr. Bhuban introduced Rs.
12,000 as additional capital and withdrawn Rs. 9,700 for personal use. His
capital as on 1st April, 2013 was Rs. 99,750.
Or
Explain the principles of determining Capital
expenditure and Revenue expenditure.
17. Explain the errors not detected by a
Trial Balance. 5
Or
The following errors were detected during the
accounting year before preparation of Trial balance. Pass Journal entries to
rectify them:
(1) Goods purchased from Gunin Kalita on credit Rs. 4,000 was recorded
in the purchase book as Rs. 400.
(2) Goods amounting Rs. 5,000 have been sold on credit to Ram but no
entry has been made in the books.
(3) An amount of Rs. 6,000 spent for the erection of machinery has been
debited to Wages Account.
18. State five distinctions between Statement
of Affairs and Balance Sheet. 5
Or
Define Ledger. Explain its importance in
recording of business transactions.
19. Prepare a Bank Reconciliation Statement
as on 31/12/2007 from the following particulars: 8
(1) Bank balance as on 31/12/2007 as per Cashbook was Rs. 27,000.
(2) Cheque paid into bank on 25th December, 2007 Rs. 7,500
but not collected by bank before 31/12/2007.
(3) Cheques worth Rs. 9,500 issued prior to 31/12/2007 were not
presented to the bank till 31/12/2007.
(4) Interest on deposit credited in the Passbook Rs. 250 but not
recorded in the Cashbook.
(5) Bank charges Rs. 300 recorded in the Passbook only.
Or
Write in brief on the following: 2x4=8
(a) Source document.
(b) Single-entry system.
(c)
Balancing of original entry.
(d) Methods of charging depreciation.
20. The Machinery A/c of a firm showed a
balance of Rs. 75,000 on 01/01/2000. A part of the machinery (whose book value
on 01/01/2000 was Rs. 5,000) was sold for Rs. 3,500 on 01/04/2000. On
01/09/2000 new machine was purchased with Rs. 24,000. The firm charges
depreciation @ 10% p.a. under reducing balance method and accounts are closed
on 31st December each year. Prepare Machinery A/c in the books of
the firm. 8
Or
Who is a holder of a negotiable instrument?
Discuss the rights of a holder of a negotiable instrument.
21. Write eight advantages of subdivision of
Journal. 8
Or
Prepare a Triple-column Cash Book from the
following information:
|
2014 |
|
Rs. |
|
Oct 1 ‘’ Oct 4 Oct 7 Oct 9 Oct 10 Oct 18 Oct 23 Oct 25 Oct 30 |
Cash
in hand Cash
at bank Cash
Sales Deposited
into bank Received cheque from Mr. Barua which is deposited into bank on the same day Rent
paid by cheque Paid by cheque to Mr. K Rs. 6,700 in full settlement of his debt of Rs. 7,000 Withdrawn
from bank for office use Withdrawn
from bank for personal use Salaries
paid |
6,000 38,000 25,000 15,000 8,000 3,000 7,000 3,000 2,000 6,000 |
22. Following is the Trial Balance of Rahul,
a businessman, as on 31st December, 2004. You are required to
prepare:
(1) Trading A/c.
(2) Profit and Loss A/c for the year ended on 31/03/2004 and a Balance
Sheet as on that date: 8
|
Debit |
Rs. |
Credit |
Rs. |
|
Building
Opening
Stock Furniture
Sundry
Debtors Plant
and Machinery Purchase
Bills
Receivable Carriage
Inward Carriage
Outward Discount
allowed Bad
Debts Return
Inward Salaries
Wages
Cash
at Bank |
1,60,000 64,000 50,000 80,000 1,50,000 2,80,000 45,000 2,400 2,100 1,400 1,900 3,600 48,000 46,000 20,500 |
Sundry
Creditors Bills
Payable Return
Outward Provision
for Doubtful Debts Capital
A/c Sales
|
60,000 25,000 3,000 2,500 3,84,400 4,80,000 |
|
Total |
9,54,900 |
Total |
9,54,900 |
Adjustments:
(1) Closing Stock Rs. 75,000.
(2) Outstanding Salaries Rs. 6,000 and Outstanding Wages Rs. 5,000.
(3) Provision for Bad Debt is to be maintained @ 5% on Sundry Debtors.
(4) Depreciation is to be provided as follows:
(a) On Building @ 2½ %.
(b) On Plant and Machinery @ 15%.
(c)
On Furniture @ 20%.
***
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