NIOS| ACCOUNTANCY (224)| QUESTION PAPER – (APRIL - 2023)| SECONDARY| ENGLISH MEDIUM

 

NIOS| ACCOUNTANCY (224)| QUESTION PAPER – (APRIL - 2023)| SECONDARY| ENGLISH MEDIUM

ACCOUNTANCY
(224)
[APRIL - 2023]
Time: 3 Hours
Maximum Marks: 100

 

Note: (i) All questions are compulsory.

(ii) Marks allotted to each question are indicated against it.

 

हिंदी माध्यम: यहां क्लिक करें


1. "The business enterprise and its owners are separate" is the theme of  1

(A) convention of consistency

(B) business-entity concept

(C) convention of full disclosure

(D) dual- aspect concept

2. Income received in advance ₹7,000. What effect will the transaction have on the accounting equation? 1

(A) Increase and decrease in asset

(B) Increase and decrease in liability

(C) Increase in asset and increase in liability

(D) Increase in liability and decrease in asset

3. Which of the following is the book of original entry? 1

(A) Trial Balance

(B) Journal

(C) Ledger

(D) None of the above

4. Under which method of depreciation, the amount of depreciation goes on reducing year after year? 1

(A) Straight-line Method

(B) Diminishing Balance Method

(C) Both (A) and (B)

(D) None of the above

5. Carriage inward is shown in the 1

(A) debit side of Trading Account

(B) debit side of Profit and Loss Account

(C) credit side of Trading Account

(D) credit side of Profit and Loss Account

6. Which of the following is not included in Central Processing Unit (CPU)? 1

(A) Control Unit

(B) Memory Unit

(C) Arithmetic and Logic Unit

(D) Output Unit

7. State any three limitations of accounting. 3

8. What is transfer voucher? Give a specimen of transfer voucher.  3

9. Define (a) Trial Balance and (b) Suspense Account. 3

10. Classify the following assets into fixed and current assets: 3

Cash in Hand; Debtors; Land and Building; Stock of Goods; Furniture; Plant and Machinery.

11. What do you mean by computerized accounting? 3

12. What is the meaning of Compound or Combined Journal Entries? Explain with an example. 4

13. Explain the following types of errors with an example each: 4

(a) Compensating Errors

(b) Errors of Commission

(c) Errors of Omission

(d) Errors of Principles

14. Explain how accounting is useful to (a) government and (b) investors. 5

15. What is meant by 'convention of conservatism'? 5

16. From the following particulars, prepare a Purchases Returns Book of Bhalla Carpets, Jalandhar: 5

01.04.2018 - Returned to Nirbhay Mills of Surat 100 pieces 2' × 4' shapes @ ₹ 400 per piece and 80 pieces 5' × 8' shapes @ ₹ 400 per piece

13.04.2018 - Returned to BBN Chemicals, Banaras 30 sceneries 3'×4' shapes @ ₹ 900 per piece and 40 full cut skins @ ₹ 200 per piece

21.04.2018 - Returned to Dilshad Carpets, Kolkata 70foot mats 16'' × 24'' @ ₹ 200 per piece (Trade discount 10%)

17. What is reserve? State any three general rules for creation of reserves. 5

18. What is Tally? What are the uses of the following short-cut keys? 5

(a) F1

(b) F2

(c) F3

(d) F11

19. What do you mean by external and internal liabilities? Explain with examples. 6

20. Enter the following transactions in a petty cashbook of Mr. Rajeswar: 6

01.05.2020 - Imprest amount received - 500

02.05.2020 - Bought postage stamps - 25

03.05.2020 - Paid travelling expenses - 78

07.05.2020 - Paid for stationery - 31

12.05.2020 - Paid for courier - 36

18.05.2020 - Paid for cartage - 59

25.05.2020 - Paid for postage stamps - 32

26.05.2020 - Paid for stationery - 42

31.05.2020 - Paid for refreshment - 75

21. State any six causes of disagreement in the balance of cashbook and passbook. 6

22. What is ledger? What is the process of recording information in ledger? 6

23. What are the two methods of providing depreciation? Give any one merit and one demerit of each. 6

24. Define the term financial statements'. Write any four objectives of financial statements. 6

25. (a) Write any two points of difference between Trading Account and Profit & Loss Account. 4





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