AHSEC| CLASS 11| ACCOUNTANCY| QUESTION PAPER - 2022| H.S. 1ST YEAR
2022
ACCOUNTANCY
Full Marks: 100
Pass Marks: 30
Times: 3 hours
The 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 importance. 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:
March 6 Sold on credit to Bimal Stores
5 almirahs @ Rs. 650
5 tools @ Rs. 50
Less 5% Trade Discount
March 12 Sold to Bora Furniture House
100 chairs @ 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 charge 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:
Plant and Machinery - 50,000
Furniture and Fixtures - 22000
Bills Receivable - 7,900
Sundry Debtors - 27,500
Sundry Creditors - 14,700
Closing Stock - 32,000
Cash in Hand - 1,200
Cash at Bank - 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:
(i) Goods purchased from Gunin Kalita
on credit Rs. 4,000 was recorded in the purchase book as Rs. 400.
(ii) Goods amounting Rs. 5,000 have
been sold on credit to Ram but no entry has been made in the books.
(iii) 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 31.122007 from the following particulars:
(i) Bank balance as on 31.12.2007 as per Cash book was Rs. 27,000.
(ii) Cheque paid into bank on 25th December, 2007 Rs.
7,500 but not collected by bank before 31.12.2007.
(iii) Cheque worth Rs. 9,500 issued prior to 31.12.2007 were not
presented to the bank till 31.12.2007.
(iv) Interest on deposit credited in the Passbook Rs. 250 but not
recorded in the Cashbook.
(v) 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 Account of a firm
showed a balance of Rs. 75,000 as 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 01.01.2000.
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 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:
|
Date |
Particulars |
Amount (Rs.) |
|
2014 Oct, 1 Oct, 4 7 9 10 18 23 25 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:
(i)
Trading Account
(ii)
Profit and Loss Account for the year ended on 31.03.2004 and a Balance Sheet as
on that date:
Trial Balance
|
Debit |
Amount (Rs.) |
Credit |
Amount (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 |
|
9,54,900 |
9,54,900 |
Adjustments:
(i) Closing Stock – Rs. 75,000
(ii) Outstanding Salaries – Rs. 6,000 and Outstanding Wages – Rs.
5,000.
(iii) Provision for Bad Debt is to be maintained @ 5% on Sundry
Debtors.
(iv) Depreciation is to be provided as follows:
On Building @ 2.5%
On Plant and Machinery @ 15%
On Furniture @ 20%
***
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