AHSEC| CLASS 11| ACCOUNTANCY| QUESTION PAPER - 2023| H.S. 1ST YEAR
2023
ACCOUNTANCY
Full Marks: 100
Pass Marks: 30
Times: 3 hours
The 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
(i) An amount of
5,000 was received for rent from Hari but was wrongly credited to Hari's
Personal Account.
(ii) An amount
of F3,000 was paid for repairs to motorcar was debited to Motorcar Account as
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 honoured on due
date:
(i) Naren
retains the bill till the due date.
(ii) Naren
discounts the bill with his banker for Rs. 9,500.
(iii) Naren
endorses the bill to his creditor Amitav in settlement of his debt.
(iv) Naren sends
the bill to his banker for collection.
Or
Explain the
qualitative characteristics of Accounting Information.
15. Jagadish, who maintains his books 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:
|
Particulars |
Amount (Rs.) |
|
Cash in Hand Cash at Bank Sundry
Debtors Stock on
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.
Or
From the
following information, ascertain Total Purchases:
Opening
Balances:
Bills Payable
– 30,000
Creditors –
40,000
Closing
Balances:
Bills Payable
– 35,000
Creditors –
45,000
Cash paid to
creditors during the year – 1,60,000
Bills Payable
discharged during the year – 50,000
Returns Outwards
– 5,000
Discount Received
– 2,000
Cash Purchases –
1,00,000
16. Prepare a Triple-column Cashbook from the following
particulars: 8
|
Date |
Particulars |
Amount (Rs.) |
|
2022 March, 1 2 3 4 12 15 20 26 29 31 |
Started
business with cash Deposited
cash into bank Bought goods
by cheques Received cash
from Rajib and allowed
him 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:
(i) Bank
overdraft as per Cashbook – Rs. 6,000.
(ii) Cheques
issued but not presented for payment to the bank – Rs. 1,500.
(iii) Interest
on overdraft Rs. 250 and bank charges Rs. 100 debited in the Passbook but not
recorded in Cashbook.
(iv) Dividend
collected and credited by bank in the Passbook but not recorded in the Cashbook
– Rs. 600.
(v) 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 Cash book for the week
ending 15th of January, 2022:
|
Date |
Particulars |
Amount (Rs.) |
|
2022 January, 8 8 9 9 9 11 11 12 12 13 14 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 Choudhury
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 |
Amount (Rs.) |
Particulars |
Amount (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:
(i) Closing Stock
as on 31st March, 2022 was Rs. 30,000.
(ii) Depreciation
is to be provided as follows:
On Machinery @
10%
On Furniture @
5%
(iii) Outstanding
Salaries Rs. 2,000 and Prepaid Wages Rs. 1,000.
***
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