AHSEC| CLASS 11| ACCOUNTANCY| QUESTION PAPER - 2024| H.S. 1ST YEAR
2024
ACCOUNTANCY
(Commerce)
Full Marks: 80
Pass Marks: 24
Time: 3 hours
The figures in the margin indicate
full marks for the questions
1. Answer the following as directed: 1×6=6
(a) Accounting
does not record quantitative events. (State whether the statement is True or
False)
(b) All
_______transactions are recorded in the Cashbook. (Fill in the blank with
appropriate word/words)
(c)
_______balance in the Passbook shows bank overdraft. (Fill in the blank with
appropriate word/words)
(d) Depreciation
is charged on ______assets. (Fill in the blank with appropriate word/words)
(e) Balance Sheet
shows financial position. (State whether the statement is True or False)
(f) Trial Balance is the base for preparing Final
Accounts. (State whether the statement is True or False)
2. Mention any two objectives of accounting. 2
3. What is going-concern concept? 2
4. What is a Bank Reconciliation Statement? 2
5. What is Suspense Account? 2
6. Briefly explain any three qualitative characteristics of
Accounting Information. 3
7. Briefly explain any three limitations of GAAP. 3
Or
Briefly explain
any three advantages of single-entry system of accounting. 3
8. Briefly explain any three distinctions between Journal
and Ledger. 3
Or
Briefly explain
any three needs for preparing a Bank Reconciliation Statement. 3
9. Briefly explain any three objectives of preparing a Trial
Balance. 3
Or
Briefly explain
any two types of errors which do not affect the Trial Balance. 3
10. Briefly explain any five distinctions between Revenue
Reserve and Capital Reserve. 5
Or
What is depreciation?
Briefly explain three causes of depreciation. 5
11. Briefly explain any three needs for preparing a Profit
& Loss Account. 5
Or
From the
following information, prepare a Trial Balance: 5
|
Particulars |
Amount (Rs.) |
|
Furniture Machinery Wages Outstanding
Salaries Interest on
Bank Loan Purchases Building Sundry
Charges Sundry
Debtors Bad Debts Salary paid
in advance Rent received
in advance Sales Bank Loan Discount
Allowed Discount
Received Capital Drawings Carriage
Inward |
6,000 15,000 2,000 500 1,500 7,500 15,000 1,500 5,500 1,000 6,000 1,000 34,500 6,000 2,550 3,000 25,000 5,000 1,450 |
12. Write a brief note on " Accounting is a source of
information". 5
Or
Briefly explain
any five users of Accounting Information. 5
13. Briefly explain five advantages of Goods and Services
Tax. 5
Or
Briefly explain
the Cash Basis and Accrual Basis of accounting. 5
14. Write the rules of Debit and Credit as per American
Approach. 5
Or
From the
following particulars, prepare a Purchase Book of M/s. Bharatiya Traders: 5
|
|
Particulars |
|
2023 March 10 |
Purchased
on credit from Bose Brothers: 40 shirts @
1,000 each 20 sarees @
₹2,000 each Less: Trade
Discount @ 10% |
|
March 16 |
Purchased
on credit from Barua Brothers: 30 shirts @
₹800 each |
|
March 20 |
Purchased
in cash from Assam Traders: 50 sarees @
₹2,000 each |
|
March 30 |
Purchased
on credit from Gogoi Traders: 2 chairs @
₹400 each |
15. On 1st April, 2019, Choudhury Traders & Co.
purchased a machine for ₹1,40,000. On 1st October, 2020, it purchased another
machine for ₹20,000. It writes off depreciation @ 10% p. a. on Diminishing
Balance Method. Accounts are closed on 31st March each year.
Prepare
Machinery A / c for three years. 5
Or
The following
is the extract of a Trial Balance of Assam Stores Co. as on 31st March, 2023: 5
|
Particulars |
Dr. |
Cr. |
|
Sundry
Debtors Bad Debts |
81,000 900 |
|
Write off
further Bad Debts 1,000 and create a provision for Doubtful Debts @ 5% on
Sundry Debtors.
Pass the
necessary Journal Entries in the books of Assam Stores Co.
16. Prepare a Single-column Cashbook: 8
|
Date |
Particulars |
Amount |
|
2023 April 1 April 5 April 7 April 9 April 10 April 12 April 15 April 28 |
Started
business with capital Opened a Bank
A/c depositing in Bank Purchased
goods for cash Sold goods
for cash Purchased
furniture for cash Purchased
goods from Ratan on credit Paid rent to
landlord Paid salaries
to employees |
1,30,000 20,000 17,000 22,000 26,000 10,000 25,000 48,000 |
Or
Prepare a
Bank Reconciliation Statement of Ajay Barman from the following particulars:
(i) Bank balance
as per Cashbook as on 31st March, 2023-12,000
(ii) Two cheques
of 1,500 and 2,500 were issued but not presented to bank for payment before
31st March, 2023
(iii) Three
cheques of ₹900 ₹800 and ₹1,000 were deposited into bank for collection but
were not yet collected
(iv) Bank charges
debited in the Passbook but not recorded in the Cashbook - ₹700
(v) Dividend
collected and credited into the Passbook but was not recorded in the Cashbook
before 3.1st March, 2023-800
17. Briefly explain the meaning of any four of the
following: 2×4= 8
(a) Financial
Statement
(b) Capital
Expenditure
(c) Gross Profit
(d) Bad Debt
(e) Marshalling
of Assets and Liabilities
Or
From the
following information, prepare an Analytical Petty Cashbook for the week ending
on 7th April, 2023: 8
|
Date |
Particulars |
Amount |
|
2023 April 1 April 1 April 2 April 3 April 4 April 4 April 4 April 5 April 5 April 6 April 6 April 7 |
Balance of
cash in hand with the petty cashier Paid for
postage Paid for
carriage Received from
head cashier Paid for
coolie charges Bought
postage and stamps Paid for bus
fare for office peon Received from
head cashier Paid for
carriage Paid for taxi
hire charges for manager Paid for
cleaning washroom Paid for
printing and stationery |
1,000 240 210 1,800 170 230 180 800 820 770 400 220 |
18. From the following Trial Balance of Ashok Kumar Barua
as on 31st March, 2023 and the additional information, prepare a Trading and
Profit & Loss A/c for the year ended 31st March, 2023 and a Balance Sheet
as on that date: 8
Trial Balance
|
Particulars |
Amount (Rs.) |
Particulars |
Amount (Rs.) |
|
Purchases Carriage Outwards Wages Office Expenses Opening Stock Carriage
Inwards Coal and Gas Discount Salaries Machinery Sundry
Debtors Cash in Hand Bad Debts Cash at Bank Drawings Furniture Buildings Sales Returns |
1,50,000 8,000 7,000 3,000 50,000 5,000 3,000 2,000 10,000 65,000 50,000 3,000 3,000 15,000 10,000 12,000 82,000 10,000 |
Sales Bills Payable Capital Discount
Received Sundry
Creditors Purchases
Returns Bank Loan Interest
Received |
3,00,000 10,000 1,00,000 5,000 53,000 5,000 12,000 3,000 |
|
|
4,88,000 |
|
4,88,000 |
Adjustments:
(i) Closing
Stock as on 31st March, 2023 was ₹65,000
(ii)
Outstanding Wages was ₹3,000
(iii)
Depreciation to be provided on Machinery @ 20% p.a. and on Furniture @ 10% p.
a.
***
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