AHSEC| CLASS 11| ACCOUNTANCY| QUESTION PAPER - 2018| H.S. 1ST YEAR
2018
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: 1x4=4
(i) Accounting records only the transactions of ________nature.
(ii) Assets = Liabilities + ________.
(iii) Excess of _______capital over ________capital represents loss.
(b) State whether the following statements are two or false: 1x4=4
(i) Closing stock is usually not shown in the Trial Balance.
(ii) A Bank Reconciliation Statement is prepared by customer of a
bank.
(iii) The full form of CPU is Current Processing Unit.
(iv) SOL is used to access data in a database.
2. Write the meaning of Accounting. 2
3. What do you mean by Accounting Standard?
2
4. What is a Trial Balance? 2
5. Write any two distinctions between
Provision and Reserves. 2
6. Write any two features of incomplete
records.
7. Explain briefly about three users of
accounting information. 3
Or
Mention three qualitative characteristics of accounting information
3
8. Explain the going concern concept. 3
Or
Explain the money measurement concept. 3
9. Mention three distinctions between
Journal and Ledger. 3
Or
Mention three
types of transactions recorded in Journal Proper. 3
10. Explain briefly three advantages of
Database Management System. 3
Or
Write short notes on Structured Query Language (SQL). 3
11. Mention three distinctions between
Statement of Affairs and Balance Sheet. 3
Or
How Profit or Loss is ascertained by Statement of Affairs method in
case of incomplete records? 3
12. What is a Bill of Exchange? Explain the
terms 'Drawer', 'Drawee' and 'Payee' in connection with Bills of Exchange.
2+3=5
Or
Write five distinctions between Bills of Exchange and Promissory
Note. 5
13. Mention five uses of computers in
accounting. 5
Or
Define Computer. Mention three features of Computer. 2+3=5
14. On 1st January, 2014, a bill of Rs.
15,000 due after three months has been drawn by Madhur on Suresh. Suresh
accepted the bill and returned the same to Madhur. On the due date, Suresh
dishonoured the bill and noting charge payable was Rs. 200.
Pass Journal entries in the books of Madhur in each of the following
circumstances -
(i)
Madhur endorsed the bill in favour of Nayan immediately.
(ii)
The bill is discounted at 12 p.c. per annum immediately. 5
Or
What is Accommodation Bill? Mention three purposes of drawing an
Accommodation Bill. 2+3=5
15. Write five distinctions between Capital
Expenditure and Revenue Expenditure. 5
Or
What is Trading Account? Write three objectives of preparing Trading
Account. 2+3=5
16. From the following incomplete records
of Mr. Bhuban, a trader, ascertain the profit or loss of his business for the
year ended on 31.3.14
On 31st March, 2014, his position was as follows -
Plant
& Machinery - 50,000
Furniture
& Fixtures - 22,000
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 withdrew. Rs. 9,700 for personal use. His capital as on 1st April,
2013 was Rs. 99,750. 5
Or
Write five limitations of incomplete records. 5
17. Pass necessary Journal entries to
rectify the following errors. 5
(i) Rs. 850 received from Saurav was debited to Gaurav Account.
(ii) Goods of Rs. 750 withdrawn for personal use was not recorded in
the books.
(iii) Rs. 380 being Purchase return was posted to the debit of
Purchase Account.
Or
Write
three advantages and two limitations of Trial Balance. 2+3=5
18. From the following information of
Mr. Das, prepare a Trading Account for the year ended on 31st March, 2014. 5
Stock
(As on 1st April, 2013) - 18,000
Purchases
- 60,460
Purchase
Return - 460
Sales
- 1,20,800
Sales
Return - 160
Wages
- 8,000
Carriage
Inward - 500
Carriage
Outward - 6,000
Salary
- 10,550
Additional Information:
(i) Stock on 31st March, 2014 Rs. 20,530
(ii) Wages outstanding Rs. 250
Or
Explain with example the following terms: 2.5+2.5=5
(i)
Current Assets (ii) Current Liabilities.
19. Prepare a Bank Reconciliation
Statement as on 31.3.14 from the following Particulars - 8
(i)
Bank Balance (Dr.) as on 31.3.2014 was Rs. 90,000 as per Cash Book.
(ii)
Cheques of Rs. 16,000 deposited into bank on 28.3.2014 but not collected by
bank before 31.3.2014
(iii)
Out of Rs. 30,000 paid to creditors by cheques, cheque amounting to Rs. 14,000
were encashed by him after 31.3.14
(iv)
Bank charges of Rs. 1,000 and interest on deposits Rs. 2,000 were recorded in
Pass Book only.
(v)
Dividend collected and credited by the bank but not recorded in the cash book
Rs. 1,500
(vi)
A cheque of Rs. 850 deposited and credited by the bank was recorded in the cash
book Rs. 580.
Or
What is Bank Reconciliation Statement? Discuss five causes of
disagreement between the balances as per Pass Book and Cash Book. 3+5=8
20. A company purchased 2 machines on
01.01.2012 at a total cost Rs. 4,00,000. On 01.07.2014, it sold one of the
machines originally costing Rs. 2,00,000 for Rs. 1,80,000.
Prepare Machinery Account and Depreciation Account for three years
assuming that the company provides depreciation @ 10% p.a. on the original
cost. The accounting year end on 31st March each year. 4+4=8
Or
What do you mean by depreciation? Discuss six causes of providing
depreciation. 2+6=8
21. Prepare a Triple Column Cash Book
from the following information. 8
2014
October - 1 - Cash in hand - 6,000
Cash at Bank - 38,000
October - 4 - Cash Sales - 25,000
October - 7 - Deposited into Bank - 15,000
October - 9 - Received cheque from Mr. Baruah which is deposited
into bank on the same day - 8,000
October - 10 - Rent Paid by cheque - 3,000
October - 18 - Paid by cheque to Mr. Kishore Rs. 6,700 in full
settlement of his debt - 7,000
October - 23 - Withdraw from bank for office use - 3,000
October - 25 - Withdraw from bank for personal use - 2,000
October - 30 - Salaries Paid - 6,000
Or
Explain the following terms: (Any four) 2x4=8
(i)
Contra Entry
(ii)
Petty Cash Book
(iii)
Trade discount
(iv)
Cash discount
(v)
Imprest system
(vi)
Double Column Cash Book
22. The following is the Trail Balance
of Mr. Rajnish as on 31st March, 2014.
Trail Balance
|
Debit |
Amount (Rs.) |
Credit |
Amount (Rs.) |
|
Machinery Cash at Bank Cash in hand Debtors Bills Receivable Goodwill Rent Salaries Closing Stock |
23,000 9,700 3,000 15,200 11,800 12,000 4,500 2,800 13,000 |
Capital Bank loan Creditors Interest Received Provision for doubtful debt Trading A/c (Gross Profit) |
28,000 22,000 9,000 600 400 35,000 |
|
|
95,000 |
|
95,000 |
Additional Information:
(i) Maintain Provision for doubtful debt at 5% on debtors.
(ii) Depreciate Machinery @ 10% P.a.
(iii) Outstanding Salary Rs. 1,200
Prepare Profit & Loss Account of Mr. Rajnish for the year ended
on 31.3.14 and a Balance Sheet as on that date. 8
***
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