ANNUAL EXAMIN ATION (2022-23)

SUBJECT - ACCOUNTANCY
TIME-3 HRS CLASS-XI
M.M-80
GENERALINSTRUCTIONS:
1.
2.
This
question
Questions
uestions 11 to
paper
contains
to 20
34 questions. All
20 o s4 questions. All questions are compuisory.
3.Questions 21 to 26
carry I mark cach. questio
4. carry 3 marks cach.
Questions 27 to 29
carry 4 marks cach.
5.Questions 30 to 34 cary 6
1. marks cach.
GST
paid by the
2. The purchaser of goods and/or
process of transferring
called the entries services i
from the books of
3. Interest
on bo original entry to ledger is
a) Asset drawings is an for a proppietor.
b) Income
c) ExpensC
is Dalance ot a personal account indicatesd)theNone of them
owing to the firm by a amount which
a) Debit person.
.
b) credit c) both d) none
When debit as well
is called
as credit aspects of a transaction are recorded in a cash book , it
a) Compound entry
b) Closing entry
6.
)Contra entry d) Opening entry
Tdentify the sequence to be followed in
calculate amount to be entered in cash following transactions to
book.
a) Goods sold for Rs.5,000 to
b) Cash discount allowed @2%. Simran. O
c) CGST, SGST levied @6% cach
d) Trade discount allowed @5%.
7. On which side
(Plus side Or minus Side) the following items will be shown while
preparing bank reconciliation statement, if Debit balance as
per Pass book is given
(Match the columns)
1. Receipt side of cash book was
a) 2,000 Plus side
overcast by Rs 2,000.

2. Payment side of cash book was b) 2,000 minus side

undercast by Rs 2,000.

Following balances are given to you on 1st April,2019:

Stock A/c Rs.50,000; Building A/c Rs.80,000, Machinery A/c Rs.60,000;
Creditors Rs.90,000. Balance ofcapital A/c will be Rs.
 9. Rent
paid for Rs. 5,000 was
Rs.8900 was posted as 7,800.posted as Rs.5,200 and carriage outwards
3Error of commission Identify the type of paid for
c) Compcnsating errors
10. If trial
b) Error of
omission error.a
a
balance d) Error of
a) Profit and loss doesn't agree, which accountprinciple
account is
c) Goodwill account
bSuspense opened to reconcile the trial
11. The
orignal cost of account
d) Capital reserve balance?
Rs.20,000 an asset is Rs.
off will be after its estimated useful 1,20,000
life of 10
and its
Scrap Value is
12. Under the years, the
annual likely to be
Straight
comparca to Line depreciation written
the later Method, assct is
13. Match the ycars of its life. depreciated more in the initial
Following: True/Falso: years as
G)It is
used fbrcreated meeting Capital Losses or
for
purpose specificd by the be to
a. Provision
Companies Act
(1) Itis created to
unforeseenstrengthen
and meet the financial position
contingencies b.Reserve

c.Revenue Reserve (
14. Interest paid Rs.700 were d.Capital Reserve (1)
credited in interest account. To
account will debit by Rs..400. rectily error interest
Ifamistake is committed in carrying
forward atotal of page no.14 to the page no.15
An sales book. The type of error is "Error of
1. . She arrangement of commission". U a
a. Balancing b. various assets and liabilities in a proper order
17. Which type of Grouping c.
Marshalling
expenses is wTitten in Profit & Loss Account? d. All of these
a. Dircct 5. Indirect c. Direct &
18.Rahul is amanager of a firm, who received Indirect d. None of these
to acommission of 10% on net profit afier the salary of Rs.5, 000 P.M in addition
Profit for the year is Rs.6, 10,000 before chargingsuch
such commission and
salary.
Bases on the above infomation charging salary and commission.
Match the Following.
1. Commission
0x0,
A. 60000
2. Salary
B. 50000
IHeavy amount spent by Airtel on
will fall under which
category
Advertisement for brand positioning in the market
g/Revenue Expenditure b. Capital Expenditure
c. Deferred Revenue Expenditure d. None of these
20. Given below are two statements, one
labelled as Assertion
Rcason (R) Which one of the (A) and other labelled
following
(A) Both (A) and (R) are true and is the
is correct? as

(R) correct
explanation of (A).
(B)Both (A) and (R) are true but (R) is not the correct
(C)(A) true, but (R) is false.
is explanation of (A),
(D)(A) is false, but (R) is true.
225,
00

3500
 ertion(A): Bank Reconciliation
on(R) Bank Reconciliation Statement is prepared by
erence between the bank Statement is preparcd Bank.
to find out the
balance shown by the
Give the head/sub-head under reasons
which cash book and pass b0ok for
Balance Sheet as per Schedule III, following items are shown balance.
Mortgage Loan,
) General Reserve,
Part I
(i) Patents
of the in a companys
Companies Act, 2013:
(v) Bills Receivable, (i1) Investments,
2.(a) Adjusted Purchases (vi) 10%% Debentures.
Wages Rs.1,00,000; Sales
Rs.10,000; Carriage outwards Rs.2,50,000; Carriage inwards Rs. 5,000;
Gross Profit from the 10,000; Closing Sock Rs.20,000.
(6) above information. Calculate
Calculate Closing Stock from the
following details
Opening Stock-Rs. 40,000; Cash Sales-Rs.
Purchases-Rs. 1,50,000. Ratc of Gross Proft1,20,000; Credit Sales- Rs.80,000;
23. Show the Difference between Provision and on Cost
331/3 %.
and Presentation in the Balance Sheet. Reserve on the basis of
.State with reasons Meaning. Object
revenue nature: whether the following itenns
of
9A sccond-hand car expenditure are of capital or
was
was
purchased for a sum of Rs. 50,000. A sum of
spent on its overhauling.
(i) Rs. 2,500 Rs.10,000
(iii) Repairs forpaid
for the installation ofa new
Rs. 5,000
necessitated machine.
(iv) Cost of annual taxes by negligence.
mentioned abovec. paid and the annual
insurance premium
Calculate Cost of Materials Consumed from paid on the car

Opening Inventory: Materials the

Stock-inFrade Rs. 2,00,000 Rs.3,50,000; following:
Fimistrot troods Rs.5,000
Closing Inventory: Materials
Steek-inFrade Rs. 1,50,006 Rs.3,25,000; Fiishet Go0ds Rs.35O00
G-Purchases during the year: Raw Material
26. From the following Balances Rs.17,50,000; Stock-in-Trade
of Gopal as on 31 Rs.9,00,000.
March 2020,PreparcTrial Balance
Particulars Rs.
Particulars Rs.
Capital 36,000 Discount Allowed
Building 40,000 Bank Overdraft 3000
Creditors 70,000 26000
Machinery 37,000
Purchases 1,00,000
Purchases return Sales 1,05400
3200 Debtors
Bad Debts 2800 Interest Received
60,000
Cash 4600
2400

Following information has been given by Kaan. Prepare a Bank Reconciliation

Statement as on 31st December, 2021
(1) Credit balance shown by the Cash Book Rs.17,800.
(i) Cheques of Rs.21,600 were issued in the last week of December, but of Rs.14
only were presented for payment.
(ii) Cheques of Rs.10,750 were presented in bank. Out of them, a cheque of 4
credited in the first week of January, 2022.
was
was not prescnted i
was debited in the Cash Book but
(1v) cheque of Rs.1,200
A
 g. Provide depreciation @ of 10% on Machinery
h. Cheque received from Mahesh
dishonoured.
(B) Prepare the Ledger of Mahesh, Amar and
Machinery.
4(A) On 1st April, 2018, Neclanchal Limited purchased 4+2)
a Machine for
spent 10,000 on its carriage and R30,000 on its 4,60,000 and
it was estimated erection. On the date of purchase,
that the effective life of the machine
years its scrap valuc will be will be 6 years and alter 6
50,000. On 1st April, 2020 it spent 350,000 on its
repairs and renewals. On 31st March, 2021 it sold
the
required to answer the following questions machine R2,20,000.
You are for
(a) What is the rate of
) 16.67% depreciation?
i) 15% ii) 13.67% (iv) 16.3%
(b) Gain or loss on sale of
0) Rs.55,000 Gain machinery
will be :
(ii) Rs.5,000 Loss
(iii) Rs. 55,000 Loss iv) 1,05,000 Loss
(c) Depreciation is calculated from the date of.
(1) Purchase of asset (1) Receipt of asset at business premises
(iii) Asset put to us (iv) Asset installed
(d) Which of the following best describes the "Depreciation'?
) Valuation of fixcd asset at the end of the year
(11) Verification of Assets
(iil) Decreasing the market value of Asset
(iv) Allocation of cost of fixed assets over its useful life
YB) Calculate the amount of operating profit on the basis of following
balances extracted from the books M/S Rajiv &Sons for the
year
cnded March 31, 2015.
Rs
Opening Stock 50,000
Net Sales 11,00,000
Net Purchases 6,00,000
Direct Expenses 60,000
Administration Expenses 45,000
Selling and Distribution Expenses 65,000
Loss due to fire 20,000
Closing Stock 70,000 (4+2)
y'8t z

6
 From the following Trial Trading and Profit & Loss Account
m Balance,Prepare and
Balance Sheet for the year ended 31"
March 2040.
Name of theAccounts Dr. (Rs.) Cr.(Rs.)
Drawings and Capital 18,000 80,000
Purchases and Sales 82,600 1,55,000
Stock(1.4,2019) 42,000
Return outward
1,600
Carriage Inward 1,200
Wages 4,000
Power
6,000
Machinery 50,000
Furniture
Rent 14,000
22,000
Salary 15,000
Insurance
3,600
8% Bank Loan
Debtors 25,000
20,600
Creditors
Cash in hand 18,900
1,500
2,80,500 2,80,500

Adjustments: A
Closing Stock Rs. 64,000
bWages Outstanding Rs. 2,400
N
Bad Debts Rs.6,00 and provision for bad and doubtful
9Rentis paid for 11 months. debts to be 5% on
debtors
Loan from the bank was taken
October 2019.
on 1
V Provide depreciation on
machinery@10%
V g Provide Manager's commission at
P.a.

commission
10% on the net profit after charging such
32. On 1Ist Oct.2019, Ashok Ltd. purchased machinery worth Rs.40,000. On Ist
2021, it buys additional machinery worth Rs. 10,000. On Oct.
30 Sep. 2022, half of the
machinery purchased on 1st Oct.2019, is sold for Rs.8,200. The company writes off
depreciation @10% p.a. on the original cost. The Accounts are closed
every
31st March. Prepare the Machinery
Account and Depreciation Account for 4 year
on

years.
33 (A) Journalise the following transactions in the books of Kamal.
a. Kamal Started business with cash Rs. 10,00,000
b. Goods Purchased of list price of Rs.200,000 from Amar at Trade
Discount of
20% and 5% cash Discount and paid 60% by cheque immediately after
CGST and SGST@ 6% cach. charging
c.Goods sold to Mahesh of Rs. 1,00,000 plus IGST @12%
d. Machinery purchased for Rs.1,00,000 and Rs.10,000 incurred on its installation.
c. Received a cheque from Mahesh in full settlement of his account and not
deposited on the same day.
fCheque received from Mahesh now deposited after two days.
 paid by the bank of Rs.1.450
(vi)DiscoIto m
vn Discounted bill dishonoured Rs.6.200
(vi) Bank charges and interest charged by the ank are Rs.350.
8. Reetify the following Errors:
a. Rs.15,000 paid for furniture has been charged to Purchases
b. Goods purchased from Deepak for Rs.
in the
250 and from Vijav Account.
corectly purchases book. However Rs. 350 was
Rs. 250 to vijay. pOsted to
c. A bill
receivable for Rs.4,000 accepted by Decpak and
Mahinder for Rs. 5,000. Mahinder
recorded as
d. Goods returned
by Mohan Rs.840 was
cA bill for Rs. 850 received from Amit forrecorded in the Sal
acceptance given to
Purchases Book as Rs.650. repairs to Plant was
f.Credit sales to Mohit for Rs. 7,000 entered in the B7Da.d>0
were
debited Sachin's
to Totn 8so
29.Prepare the Required Subsidiary Books of M/s Acount as

following dctails: Shyam Traders fror Rs.5,000.

Irom
2020

Feb.1 Purchased from Ambika

10 Dozen Note Books Stationery:
32 @120 per dozen
Registers @Rs.25
Trade Discount @ 10% register
per
S K 3MO

TM S
Feb.4 Sold Raman
to
40 Dozen Pens Stationery:
@50 per dozen
20 Dozen S s 4 0

Pencils @50 per dozen

Trade Discount 10%
@
Feb.5
Raj Stationery
purchased from us:
20 Packets Printing 24yo
15Packets Paper @250 per packet
Drawing Sheets
Trade Discount @10% @200 per packet Sachi 50
Feb.12
Bought from 75
20 Packets WaxKamal Stationery
Pencil Crayons @Rs.130 per
5 Dozen
Colors @Rs. 80
Trade Discount @10% Packet O Sathir
7,
50R
Per Dozen

871Re
ToBvt T
 transaction
cashbook from thefollowing
re double coloumn
Rs.
T r a n s a c t i o n s

10,000
021 ***** ****
Cash in Hand..
** ***** depositing a

2 Shivam opened a Bank Current Account by Account

cheque of 12,600 from his personal Savings
3 Sold goods to Harish for cash for Rs. 8,000.
in the 8500
Received a Cheque from Sameer and deposited
bank......
200
****
Discount Allowed...
* * * * * * * * * *

***
into bank..... ************ **********
5,000
8 Cash deposited and issued
for Rs. 6,000
Bought goods from Yogesh
cheque.
Rs. 10,000.
Sold goods to Aryan for 4,000 and Post dated Cheque
13, Received cash from Rajesh
15 for Rs.5,000 Bank.
16 Cheque Rajesh deposited into
received from
600
18 Paid to Mayank by cheque... *************************

20 Paid rent of Rs.800 by cheque... dishonoured.

Cheque received from Rajesh
was
22 returned on technical grounds.
25 Cheque issued to Mayank
He was paid cash for an equal amount..
26 use.. 260
cash from bank for personal
* * * **

27 Withdrew
from Ganesh on credit for Rs. 5,000.
28 Bought goods cash discount
to Aniket settled at
a
29 Amount of 5,000 due

5X YE
of 2%.
Paid charity 300 in cash and 500 by cheque
30

/ M S