AHSEC| CLASS 11| ACCOUNTANCY| QUESTION PAPER - 2019| H.S. 1ST YEAR
2019
ACCOUNTANCY
Full Marks: 100
Pass Marks: 30
Times: 3 hours
The figures in the margin indicate full marks for the questions
1.(a) Fill in the blanks: 1x2=2
(i)
Assets - Capital = ________.
(i)
Recognize all losses, anticipate no _________.
(ii)
Credit purchases of goods are recorded in __________.
(iv)
The full form of CPU is _______.
(b) State whether the following statements are true or false: 1X4=4
(i)
Accounting is both a Science and an Art.
(ii)
Assets account always show credit balance.
(iii)
Accounting software is an integral part of the Computerised Accounting system.
(iv)
Salary outstanding account show debit balance.
2. Mention two causes of depreciation.
3. Give two functions of Trial Balance.
4. Write two types of source documents.
5. Write the name of four parties who are
interested in Accounting information.
6. What is Bills of Exchange?
7. Mention three features of Petty Cash
Book,
Or
What is Journalising?
8. Distinguish between Bills of Exchange
and Promissory Note. 3
Or
What is dishonour of a bill?
9. What is capital Expenditure?
Or
Write three objectives of preparing Trading Account.
10. What is incomplete record? Give two
reasons for incomplete record. 3
Or
Mention three disadvantages of single entry system.
11. Mention three limitations of computer.
3
Or
What do you mean by Database Management system? 3
12. Explain briefly the qualitative
characteristics of Accounting Information.
Or
What is Accounting? What are the objectives of Accounting? 5
13. What is a Accounting Standards? State
its importance. 2+3=5
Or
What do you mean by the basic assumption of Accounting? Explain the
money measurement concept. 3+2=5
14. Define Ledger. Explain the importance
of ledger in recording of business. 2+3=5
Or
Record the following transactions in a Sales Journal: 5
Jan
1: Sold on credit to Mr. Ram, Guwahati 40 chairs @ Rs 100 each.
Jan
10: Sold on credit to Mr. Amrit, Jorhat 10 tables @ Rs 500 each.
Jan
30: Sold on credit to Mr. Joy, Tinsukia 10 tables @ Rs 400 each.
15. Pass Journal entries to rectify the
errors: 2+2+1=5
(i) Goods worth Rs. 500 taken by the proprietor for his personal use
but not recorded in the books of accounts.
(ii) Cash sales to Ram of Rs 209 was recorded as Rs. 909.
(iii) Sales Return for Rs. 600 not recorded in the books.
Or
Explain five errors which are not disclosed by a Trial Balance? 5
16. On 1st May 2018, Akash drew a bill of
Rs. 15,000 on Bikash for two months. On 10th June 2018, Akash endorsed the bill
in favour of his creditor Prakash. On due date the bill was dishonoured. Pass
Journal entries in the books of Akash. 5
Or
Explain five differences between Bills of Exchange and Cheque.
17. Give five distinctions between Balance
Sheet and Trial Balance. 5
Or
Give five distinctions between Statement of Affairs and Balance
Sheet. 5
18. Give various advantages of computerised
accounting system over the manual system. 5
Or
What is the role of computers in Accounting? Discuss the advantages
of using computers in accounting. 5
19. What is Bank Reconciliation Statement?
Explain the purpose of preparing such a statement. 8
Or
Prepare a Three Column Cash Book with the following transactions:
2018
April
1 Started business with Cash Rs. 25,000
April
2 Deposited Cash into Bank Rs. 10,000
April
3 Bought goods by Cheque Rs. 150
April
4 Received cheque from Ram Rs. 500
Allowed him discount Rs. 25
April
12 Paid into Bank Cash Rs. 300
Paid
into Bank Ram's Cheque Rs. 500
April
20 Paid Hari by Cheque Rs. 545
Discount
Received Rs. 5
April
25 Drew from Bank for office use Rs. 200
April
30 Paid wages in Cash Rs. 400
20. Distinguish between Provision and
Reserve. 8
Or
Kamal Traders purchased a machinery on 1st April, 2015 for Rs.
23,000 and spent Rs. 2,000 on its installation. It was decided to depreciate
the machinery at 20% every year according to diminishing balance method.
Prepare the machinery account from April, 2015 to March, 2018 and
show profit or loss if the machinery is sold on 31st March, 2018 for Rs.
10,800. The Accounts are closed on 31st March every year. 8
21. From the following, ascertain the
amount of total sales: 8
Balance
of debtors on 1.1.2017 Rs. 4,760
Cash
received from debtors Rs. 47,000
Discount
allowed to debtors Rs. 2,300
Bills
receivable received Rs. 8,000
Bad
debt written off Rs. 900
Bad
debt recovered Rs. 1,200
Return
inward Rs. 600
Bills
receivable dishonoured Rs. 1,800
Bills
receivable discounted Rs. 1,500
Cash
sales Rs. 36,340
Balance
of debtors on 31.12.2017 Rs. 7,420
Or
What
do you understand by single entry system? Mention six points of difference
between single-entry system and double-entry system. 2+6=8
22. The following Trial Balance is
extracted from the books of Mr. Hazarika as on 31.3.2018.
|
Debit |
Amount (Rs.) |
Credit |
Amount (Rs.) |
|
Furniture Motor Vehicle Building Bad debts Sundry Debtors Stock Purchases Sales Return Advertisement Interest Cash in hand Taxes & Insurance General Expenses Salaries |
640 6,250 7,500 125 3,800 3,460 5,475 200 450 118 650 1250 782 3,300 |
Capital Provision for Bad Debts Sundry Creditors Sales Bank Loan Purchase Return Commission |
12,500 2,500 15,450 2,850 125 375 |
|
|
34,000 |
|
34,000 |
Adjustment:
Stock on 31.3.2018 was Rs. 5,750
Prepare Trading A/c, Profit and Loss A/c and a Balance Sheet as on
31.3.2018.
***
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