lolo4 Natn culati )

BMS. - X1- D
ro.-3
Max time: 3 Hours
VHM: 80 ACCOUNTANCY CLASS XI

1to 20 carryone mark each, Q No. 21 to 26 carry three

Allquestions from marks
marks each, Q 31 to 33 carry six
marks each, Q 27 TO 30 carry fou
each & Q 34 carry 8 marks
accounting process in chronological order
i . Re arrange the following steps of
A Recording f transaction
ii) Classifying(posting into ledger)
Aii)ldentifying financial transactions
IMRCSAC
iv)Analyzing and interpreting
v) Communicating to users
Avi)Sumnarizing the data
one accounting
2. Expenditure that does not create assets but gives benefit for more than
period is categorized as (select correct c;tion)
(a) Capital Expenditure
(b) Bevenue Expenditure
Deferred Revenue Expenditure
(d) None of these
3. Unsoid stock is alwavs valued at : (Select correct option)
(a) Cost Price(b) Market pricede cost pric or market price whichever is lower io)Cost
price of market price whichever is higher.
4. On account of Ram Utsav, Bof Bombay ordered Dof Delhi to supply 5,000 big size flags @
Rs 50 each on 31.12.2023 and send advance of Rs 10,000. On 15.01.2024, Dof Delhi
supplied the flags throuh transporter å.id raised the Bill for Rs 2,50,000. On 17.01.2024,
Bgot the delivery of flags and after selling the flags at his end he sent onlire payment for
Rs 2,40,000 on 24.01.2024. If Dof Delhihad followed accrualconcept of accounting.
Sale of flags willbe recorded in the book: of Delhi on (select the correct date)
(a) 31.12.2023 (b) 15.01.2024 9 (c) 17.01 24 (d) 24.01.2024
5. ANho is asolvent person ?
Give one example each of Non Current As iet and Current Asset.
XAn assumption that a business enterpris «illnot be sold or liçuidated is the near future is
iiowiäs (sE!:ct tie coircct option)
GoingConcern (b) Monetary unit (c) Ect:.onnic entity (d) none of these
8. Sale of goods to Ram for cash should be clr bited to (select correct optio:)
la) Ram A/CfCash a/c (c) Sales A/c (d) FiL A/C
8. Which of the following a/c should havea redit balance
(a) Carriage outward(b) Discount allowe d Discount received (d) Sales return
 -2 posted to
cash book is to be
of
entries on the debitside
10. Contra account in the
ledger
of bank
(a) Debit account in the
ledger
of bank
(b) Credit account in the ledger
Debitof cash
posted ?
(d) Not to be book of original ontry
book is called a
1 Whycash'Amorisation' is used to write off
depreciation on
assets (dF1ctitiousassets
12. The term Assets (ittangible) (c) Current
(b) Fixed
(a)Fixedassets (Tangible)
account is opened ? expenses account,
Name tne
When suspense debited to office
furniture for Rs 1500 was
office
14. Purchase of Name the type of
error
type of error. of Rs 350,
recorded as transaction Expenses
15. A transaction of Rs 530 was make adjustment of outstanding
you
Which ofthe following principle guides
16. option)
Accounts (select correct Principle of
while preparing final Principle of Materiality ke
Matching Principle o principleof Dual Aspect (c)
(a) charging such
Conservatism.
commission of 10% of the profit after
tÏ
Manager of a firm was entitled Show how you will show this adjustment in final
11,00,000.
ommission. Net profit was Rs
accounts
accounts.
and check the arithmeticalaccuracy of the
possible to prepare a trial Balance
18. Isit
under single entry system ?
fromincomplete records ?
eHowe can youfind out credit purchase
capital from the following information: Opening capital Rs 70,000 Loss
De. CalculateClosing During the year proprietor sold ornaments
of his
Drawings Rs 10,000.
for the year Rs 20,000
in business.
wife worth Rs 30,000 and invested
business
4. Define Role of Accounting in the
Or
Biscuss briefly the types of Accounting infurmation.
old Truck for Rs 2,00,C00 on 0104.2019. It charged the depreciation @
22. A firmpurchases an was sold on 01.10.2020 for Rs
mahod. The truck
20% per annum by written down value
ending 31.3.2020 and 31.3.2021
1,60,00). Prepare ruck account for the yearS does
mple of each type of error, which of them
23. Name the typ&s of errors and give ona
not affect the trial balance.
KDifferentiatebetween Capital Expenditure and Revenue Expenditure.
Stock Rs 36,000 Purchases RS 45,000
25. Calculate Closing Stock from the followin;!: Opening
Wages 6000
Salaries Rs7000 Sales Rs 60,000Gross loss Rs 4000and
 -3
He provides following information from
system.
Vikas maintains his books on Single Entry Rs 2,00,000 Profit during the year Rs
1,30,000 Closinz Capital
nis books. Opening Capital Rs additior1al capital brought by him during the year.
Calculate
L,00,000 Drawings Rs 50,000. or Pru dence. Explain with example.
S of Conservatism
. What is the principle
Principle of Full disclosure
What is the guidance given by the
Reporting Standards)and Indian
Or
IFRS (Intern. tional Financial
Give cindifere:ce hetveen
GAAP or Accounting Sta:.dards transaction of the
Creditor Mal esh and write the following
29. Open a T shape
account of
proper side:
Credit Rs 50,000
Goods purchased from Mahesh on
Returned to Mahesh Rs 5,000
Paid to Mahest: Rs 25,000 Goods ask you to
store owner submits you the following information and
. Sandeep a general during the
profit from running the general tores. He has also informed you that
calculate his college and had
he had used Rs 3,00,000 from business in admission of his son in the
year year.
Rs 50,000 in the business, which he had won from online game during the
invested BALANCES AS ON 31.3.2023
PARTICULARS
BALANCE AS ON 01.04.2022
Rs 9,00,000 Rs 9,75,000
Cash at Baak
Furniture Rs1,00,000 Rs 1,00,000
Stock .XSS,Üu,.
Rs 3,50,D00 Rs 4,00,000
Creditors
Rs 2,50,000 Rs 3,00,000
Debtors
payment.
-A bill for electricityof Rs 10,000 which was received on 31.3.2023 Was pendingfor
.Enter the following transactions in Doubl: Column Cash Book
Amount in Rs
Date Particulars
01.04.2023 Cash Balance Rs 2,000 and Bar.. Balance Rs 24,500
02.04.2023 Cash Sales Rs 60,000
03.04.2023 Withdrew cash from Bank for personai use Rs 15,000
14.04.2023 Sold gogdsto Neeraj of Rs 2,500. Cash Received Rs,
10,000and balance by Cheque. Allowed dissount Rs 50
15.04 2023 Reccived in cash from Xwhcs- account was wrtt., üi, ns 3,000
as bad Gebi earllcr.
16.04.2023| Dposited into Bank Cash ar.a Cheque received fron
neerajon 14.4.2023
18.04.2023 Neeraj Cheque returned d'sh.nored Pank charged Rs
500 as cheque bounce charg':.
 -4

to correct the mistakes.

32. Pass Rectification entries Sales Book
purchased from Z were recorded in posting Y account
(a) Goods worth Rs
5,000
into cash book but at the time of
from Xwere entered
(0)Rs 2825 received
was debited by Rs 2528.
900
book was over-casted by Rs used in
(c) Total of Return outward was
proprietar residence paid as bill of electricity
(a) Electricity Billfor Rs 2,000 of the
but onitted to be
business.
returned by ( a customer was taken back
3,000 were
(e) Go0ds worth Rs
were
small repairs to the buiding
entered.
on whitewashing and
() A sum of Rs 15,000
were spent
debited to Building account.
machinery Icosting Rs 30,000on 1st July 2018. It further
L33. XYZ Company purchased a Machinery lI
another machinery Il on 01.01.2019 for Rs 20,000 andon 01.10.2019
purchased 01.07.2018 becaine
10,000. On 01.04.2020, one third of nachinery Ipurchased on
for Rs @
Machinery account if the depreciation is charged
obsolete and was sold for Rs 3000.Show
year closes on 31* March every year.
10% p.a. onstraight line method and accounting
inforrmation, Prepare Trading account
e34. From the Trial Balance given below and additional
Balance Sheet as orithat date.
Profit & Loss Ascount for the year ending 31.3.2021 and DR BALANCES CR BALANCES
PARTICULARS
UPEA!NSSIOL%
23,0U0
FURNITURE 8,000
30,000 40,000
Debtors and Creditors
Plant & Machinery 1,50,000
Wages and salaries p 44,000
Purchases and sales T 1,20,000 2,27,800
Bad Debt pL 1,000
Office Expenses 8,400
Returns inwardand Return Qutwards 900 1000
Insurance premium g 1,500
Cash at Bank 30,500
Capital 1.50.000
Provision for Bad nebts p 500
Total 4,19,300 4,19,300
Additional information: 1. Salaries and wages are paid for 11 months. Insurance premium is
for one year and was paid on 1.10.2020. One of che Debtor who had to pay RS 3000 became
insolvent androthing could be recelved. Provtsua for Bad debt is to be maintained @5% ot
debtors. Closing Stock was Rs 7,000

2249o

13So