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K V MATRICULATION HIGHER SECONDARY SCHOOL,KURUMBAPALAYAM,

COIMBATORE - 641 107

N Neett ONE MARK - BOOK BACK

N Neett Date : 12-May-22

lalai .i. l l i
a .i.
11th Standard
a l a
l i
a
assaaExam Time : 01:30:00 HrsACCOUNTANCY
aaddaas aBOOK
-s a BACK ONE MARK
a
Total d
a aa s s
d : 116
Marks
aa
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. 116 x 1 = 116
I.     ANSWER
ALL THE QUESTIONS.                                                                                 

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CHOOSE
THE MOST APPPOPRIATE ANSWER FROM THE GIVEN FOUR ALTERNATIVES
AND WRITE THE
OPTION CODE AND THE CORRESPONDING ANSWER:

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1) The root of financial accounting system is _________
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lalai.i. Social accounting (b) Stewardship accounting
(a)
l a
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a .i. (c) Management accounting l a
l i
a

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assaa2) Which
(d) Responsibility accounting
one of the following P a a aas saa
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(a) Systematic recording of
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(c) Ascertainment of the Financial position of the business

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(d) Solving tax disputes with tax authorities
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3) Which one of the following is not a branch of accounting?
a l a
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sa
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None of the above aadd as
accounting (b) Management
a saaaccounting (c) Human resources accounting
aaddaass aa
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w w .
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business
(a) Journal (b) wwTrial
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(a) Creditor
e (b) Employee (c) Customer (d) Government
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e
l a
l a .i. business is liable to the proprietor of thelalabusiness
6) iThe i .i. in respect of capital introduced by lalai
assaa the person according to
aad daas saa
a addaas saa
w.

(a) Money measurement concept (b) Cost concept (c) Business entity concept
(d) Dual aspect concept w w . P
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(a) Business Entity (b) Going concern (c) Periodicity (d) Conservation

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8) GAAPs are:
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l a
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(a) Generally Accepted Accounting Policies
l a
lai.i. l a
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assaa (b) a
(c) Generally Accepted Accounting
a dd aas saa
Generally Accepted Accounting Principles
Provisions (d) None of these a adda as saa
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9) The rule of stock valuation
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10) In India, Accounting Standards are issued by

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lalai.i. Supreme Court of India (d) The Institute
(a) Reserve Bank of India
l a
l a .ofi. Chartered Accountants of India lalai
(b) The Cost and Management
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assaa aa aa
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11) Accounting equation signifies _______

(a) Capital of a business is equal to assets

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(b) Liabilities of a business are equal to assets
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(c) l a
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tosa a
the total of capital and liabilities
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use'
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causes

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(a) Decrease in assetswand decrease in owner's capital ww ww
(b) Increase in one asset and decrease in another asset
(c) Increase in one asset and increase in liabilities
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(d) Increase in asset and decrease in capital
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i .firm has assets of Rs.1,00,000 and the external
a i .i.liabilities of Rs.60,000. Its capital lalai
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a add a assaa
a add aassaa
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. _________ Rs.1,00,000 (d) Rs.40,000
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(a) Assets = Liabilities + Capital (b) Assets = Capital + Liabilities
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(c) Liabilities = Assets + Capital (d) Capital = Assets - Liabilities

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15) Accounting equation is formed based on the accounting principle of ______
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account deals with ______ ass
persons (b)P aad d a aa
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Expenses and losses (c) Assets (d)
.is representative personal account? www. . P
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Incomes and gains

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following
(a) Building A/c (b) Outstanding salary A/c (c) Mahesh A/c (d) Balan & Co
18) Prepaid rent is a ____
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(a) Nominal A/c
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t personal A/c
19)i.i .i. should be credited to________ lalai
. drawal of cash from business by the proprietor
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l a
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aa dd a
(c) ssaa A/c (d) Purchases A/c
Capital
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double entry system ofP P P P

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book keeping, every business transaction
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affects
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(a) Minimum of two
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accounts
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21) Main objective of preparing ledger account is to _________

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(a) Ascertain the financial position
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(c)
l a
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the balance of each ledger account
a ad d aad aa
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ledger
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called _____________..
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23) J. F. means ___________

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(a) Ledger page number (b) Journal page number
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e Voucher number

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(d) Order number
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24) The process of finding the net amount from the totals of debit and credit columns in a
ledger is known as
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(a) Casting
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Balancing
lalai
25) .Ifi. the total of the debit side of an accountlaexceeds
l ai .i. the total of its credit side, it means lalai
assaa (a) Credit Balance (b) DebitaBalance ad daa ssa(c)a Nil Balance (d) Debit and Credit Balance
a ad d aassaa
26) The amount brought into.the
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credited
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(a) Statement (b) Account (c) Ledger (d) Journal

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28) After the preparation of ledger, the next step is the preparation of
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(a) Only personal accounts (b) Only real accounts (c) Only nominal accounts
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Which of the following is/are the objective(s) of preparing trial balance?

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(b) Helping in the preparation of final accounts
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a .i. Examining arithmetical accuracy of accounts
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sa
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aad daa
the s saa finds that the total of the creditacolumn
accountant
aa dd assaa
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. (b) Credited to suspense accountwww.
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32) A list which contains balances of accounts to know whether the debit and credit balances
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are matched is___
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(a)
l a
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of the following method(s) can
a add s aused
s
be a for preparing trial balance?
a a d aas
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Balance method (b) Total

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. balance and is shown in the debit column ww . P
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(a) Sundry creditors account (b) Bills payable account (c) Drawings account

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(d) Capital account
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35) The difference of totals of both debit and credit side of trial balance is transferred to :
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assaa (a)(d) Trading
Miscellaneous account aadd assaa (c) Suspense account
account (b) Difference account
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a a
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the year (b) On a particular date (c) Forw
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year
(d) None of the above

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37) Purchases book is used to record______
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lalai.i.
(a) all purchases of goods
l l i
a .i.
(b) all credit purchases of assets
a l a
l i
a
assaa d d aas saa
daassaa
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(c) all credit purchases of goods (d) all purchases of assets

38) A periodic total of the purchases book is posted to the _______

NN e ett
(a) debit side of the purchases account
NNe
(b) debit sidee toft the sales account
lalai .i. credit side of the purchases account (d) l a
l ai .i. side of the sales account l a
l i
a
assaa39) Sales book is used to record_____ aa aa
(c) credit

d da as s ddaass
(a) all sales of goods (b).P . P aa .P.P a a
(d) all sales ofw w w w all
wand goods
credit sales of assets (c) all credit
w w
sales
w w of goods

40)
w
assets w w
The total of the sales book is posted periodically to the credit of ____
(a) Sales account (b) Cash account (c) Purchases account (d) Journal proper
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41) Purchase returns book is used to record_____
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lalai.i. l a
l ai .i. l a
l i
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assaa (b) returns of assets to the supplier awhich
a cash is not received immediately aassaa
(a) returns of goods to the supplier for which cash is not received immediately

d da ass
for d d
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(c) returns of assets to theP
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supplier for which cash is received . P
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immediately Paa

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42) Sales return book is used to record_________
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(a) Returns of goods by the customer for which cash is paid immediately

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(b) Returns of goods by the customer for which cash is not paid immediately
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l a
l i
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(c) l a
l i
a .icash
. is not paid immediately l a
l i
a
sa
assaa43)(d) Returns of assets by the customer
aad da assaawhich cash is paid immediately
for
aaddaassaa
.
Purchases of fixed assets
w w PP
. book (c) Purchases returns bookw(d)wwJournal
on credit basis is recorded in_______ . PP
. proper
(a) Purchases bookw w w
da

(b) Sales
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44) The source document or voucher used for recording entries in sales book is ____
(a) Debit note (b) Credit note (c) Invoice (d) Cash receipt
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45) Which of the following statements is not true?
NN N Neett
l a
l i
a .i. Cash discount is recorded in the books oflalaccounts
(a) ai .i. l a
l i
a
assaa (b) Assets purchased on credit area
a ad d assaa in journal proper
recorded
aaddaasaa
s
w.

w w . PP
.while determining the due date of the w
(c) Trade discount is recorded in the books of accounts
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(d) 3 grace days are added
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46) Closing entries are recorded in _____
ww

(a) Cash book (b) Ledger (c) Journal proper (d) Purchases book

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47) Cash book is a_______
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e
l a
l i
a .i. Subsidiary book (b) Principal book (c)lalaJournal
(a) i.i. proper l a
l i
a
assaa48)(d)TheBoth subsidiary book and principal s
a add aa saa
book
ad
a a
d s
a aa
s
.
cash book records____.
w w P P .
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P
wwww
(a) All cash receipts (b)
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(d) All credit transactions
49) When a firm maintains a simple cash book, it need not maintain_______.

e et t
(a) Sales account in the ledger
N N
(b) Purchases account tintthe ledger
N N e e
lalai.i.
(c) Capital account in the ledger (d) Cash
l a i .
i
account
l a . in the ledger
l a
l i
a
assaa d d aa ssaa
daassaa
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50) A cash book with discount, cash and bank column is called_______
(a) Simple cash book (b) Double column cash book (c) Three column cash book

N e e tt
(d) Petty cash book
N N Ne ett
lalai
51)
.Ini.Triple column cash book, the balance of bank
l a
l i
a .overdraft
i . brought forward will appear lalai
assaa in_________ a addaa ssaa
aa dd aa ssaa
(a) Cash column debit side.P . P(b) Cash column credit side (c) Bank .
columnP.P
debit side
ww w w ww w w
w
(d) Bank column credit
w side
52) Which of the following is recorded as contra entry?
ww
(a) Withdrew cash from bank for personal use
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(b) Withdrew cash from bank for office use
NN N N eett
lalai.i. Direct payment by the customer in the bank
(c)
l a
l i
a .account
i . of the business l a
l i
a

et
assaa53)(d)If the
When bank charges interest a
aa dd assaa
aa d a
dis s
a aa
s
. P
.P
debit and credit aspects of a transaction are recorded in the
.
cash P
. P
book, it

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w ww w w w
______.
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(a) Contra entry (b) Compound entry (c) Single entry (d) Simple entry

lai
54) The balance in the petty cash book is_____.

N N e e t t
(a) An expense
e
(b) A profit (c) An asset (d) A liability
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55)i.Small
i . payments are recorded in a book called_____. i .i. i
l a
l a l a
l a l a
l a
sa
assaa56)(a)PettyCashCashbookmay (b)be used toP a adda
Purchase book (c)
as saBills
a payable book (d) Petty cash book aassaa
a add
w w . P
pay __________
.Purchase of furniture and fittings www. . PP
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(a) Salaries to Staff (b)

(c) Expenses relating to post and telegrams (d) Purchased of old machinery
57) A bank reconciliation statement is prepared by ___________.
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(a) Bank
e t t e
(b) Business (c) Debtor to the business (d)
N N et t Creditor to the Business
58)i.A
i . i .
i . i
l a
l a bank
l a
la
reconciliation statement is prepared with the help of ___________.
l a
l a
assaa (a)(c) Bank statement (b) Cash book ss
a d
a daa aa
of the cash book (d) Petty cash book a a dda s
a aa
s
w.

w w PP
Bank statement and bank column
. . of the cash book means ____________. ww . P
. P
wwww
59) Debit balance in the bank column
wwww
(a) Credit balance as per bank statement (b) Debit balance as per bank statement
ww

(c) Overdraft as per cash book (d) None of the above

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60) A bank statement is a copy of ____________.
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l a
l i
a .i. Cash column of the cash book (b) Banklalcolumn
(a)
ai .i. of the cash book l a
l i
a
assaa61) (c)A bank aad a
isd
a saa (d) Cheques issued by the business aassaa
A customer's account in the bank'ssbook
aadd
ww P
. P
reconciliation statement
. ww . P
. P
prepared to know the causes for the difference
between:
(a) The balancew as
w
wperwthe cash column of the cash book and bank w w of the cash
wwcolumn
book.
(b) The balance as per the cash column of the cash book and bank statement

N Neett N N e e tt
(c) The balance as per the bank column of the cash book and the bank statement.
lalai.i. a
(d) The balance as per petty cash book andlthel i
a .i. l a
l i
a
assaa aa aa
cash book
d d aas s daass
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62) When money is withdrawn from bank, the bank ____________.

(a) Credits customer's account (b) Debits customer's account

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(c) Debits and credits customer's account
N N
(d) None
N e et tthese
of
lalai
63)
.Which
i . of the following is not the salient feature
l a
l ai .i.of bank reconciliation statement? lalai
assaa (a) Any undue delay in the clearance
aa dda as
of saa will be shown up by the reconciliationaassaa
cheques
aad d
w w .
(b) Reconciliation statement P
. P
will discourage the accountant of the bank
w w .P.
fromP
embezzlement
ww w w ww w w
(c) It helps in finding the actual position of the bank balance
(d) Reconciliation statement is prepared only at the end of the accounting period

N N e tt NN ett
64) Balance as per cash book is Rs. 2,000. Bank charge of Rs. 50 debited by the bank is not
e e
lalai.i. shown in the cash book. What is the banklalstatement
yet
a i .i. balance now? l a
l i
a

et
assaa (a)(d) Rs 1,950
Rs 2,050 credit balance a d
a da ass
credit balance (b) Rs 1,950aadebit balance (c) Rs 2,050 debit balanceaassaa
aad d
. PP .
. is Rs. 1,000. Cheque deposited, butwnotwyet P P
.credited by the

.N
w w w
65) Balance as per bank statement
w is the balance as per bank column of theww w w
wwWhat
bank is Rs. 2,000. cash book?
(a) Rs 3,000 overdraft (b) Rs 3,000 favourable (c) Rs 1,000 overdraft

l a
l i
a N
.i. N tt
(d) Rs 1,000 favourable
ee lai l a
l i
a N
.i. Ne
66) Which one of the following is not a timing difference?ett
l a
l i
a
sa
assaa (a)(b) Cheque
Cheque issued but not yet a
adda ass
deposited but not yet credited
presented
aa
for payment aaddaassaa
w
(c) Among directly paid w . P
into P
. the bank (d) Wrong debit in the cashwbook
ww . P
. P
ww when www
da

wwarises
67) Error of principle
(a) There is complete omission of a transaction
(b) There is partial omission of a transaction
Pa

NN eett N Neett
(c) Distinction is not made between capital and revenue items
l a
l i
a .i. There are wrong postings and wrong castings
l a
lai .i. l a
l i
a
assaa68) Errors not affecting the agreement aa aa
(d)
d da as s
of trial balance are ddaass
aa a a
w.

. PP . P P
(a) Errors of principle (b). Errors of overcasting (c) Errors of undercasting
w
w w w .
w
wwwomission
(d) Errors of partial www w
ww

69) The difference in trial balance is taken to

(a) The capital account (b) The trading account (c) The suspense account

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(d) Thee et t
profit and loss account
NN e tt
e
l a
l i
a .Ai.transaction not recorded at all is known aslalanai.ierror
. of l a
l i
a
assaa (a) Principle (b) Complete omission aaPartial omission (d) Duplication aassaa
70)

d d aas s
(c) d d
.
71) Wages paid for installation P Pa a .
.of machinery wrongly debited to wageswaccount P P aa
.is an error of
w ww w w
www(b) Principle (c) Complete omission (d)wwDuplication
(a) Partial omission w
72) Which of the following errors will not affect the trial balance?
(a) Wrong balancing of an account

N Neett N N e e tt
(b) Posting an amount in the wrong account but on the correct side
lalai.i. l a
l i
a .i. l a
l i
a
assaa d d aas saa
daassaa
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(c) Wrong totalling of an account

(d) Carried forward wrong amount in a ledger account

Ne ett NN e ett
73) Goods returned by Senguttuvan were taken into stock, but no entry was passed in
N
lalai .i. While rectifying this error, whichlalofaithe
the books.
.i. following accounts should be debited? lalai
assaa (a) Senguttuvan account (b)aSales add aas saa account (c) Returns outward accountaassaa
returns
aad d
ww . P
.
(d) Purchases returns accountP ww. P
.P
74) A credit purchasewwfurniture from Athiyaman was debited toww w w account. Which
w w of purchases
of the following accounts should be debited while rectifying this error?
(a) Purchases account (b) Athiyaman account (c) Furniture account

eett
(d) None of these
NN N N eett
75)i.The
i. total of purchases book was overcast. lWhich
i .i.of the following accounts should be lalai
lala al a

et
assaa debited aa dda as
in the rectifying journal entry? aa
s
aad daassaa
. P
(a) Purchases account (b) Suspense
.P account (c) Creditor account
. P
. P

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(d) None of the abovew w w w
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(d) Annuity method

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97) Bank overdraft should be shown

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(a) Input unit (b) Output unit (c) Data (d) Central Processing Unit
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Prepared
l ai
by:.i. l a
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sa
assaa P G TP
a s
a s
K .PUSH PARASU
IN a ad Md
aMa.Com ., M .Phil, B.Ed.,
aaddaassaa
ww . P COM ERCE & ACADEM IC COOR DINATOR ,
. K V M ATR IC. H R . SEC.SCH OOL, w
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KURUM BAPALAYAM ,
COIM BATOR E – 641 107.
M ob.
N o. : 93857- 63859
Pa

N Neett N Neett
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