NIOS| ACCOUNTANCY (224)| QUESTION PAPER – (APRIL - 2023)| SECONDARY| ENGLISH MEDIUM
ACCOUNTANCY
(224)
[APRIL - 2023]
Time: 3 Hours
Maximum Marks: 100
(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.
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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