· 2018. 9. 11. · 37) prepare the trial balance from the following information. (i) bank loan...

Padasalai.Net’s Quarterly Exam Model Question Paper

Time Allowed : 2:30 hours Maximum Marks : 90

XI-Accountancy

I. CHOOSE THE CORRECT ANSWER 20 X 1 =20

1) The direct advantage of accounting does not include.

a) Preparation of financial statement

b) Competitive advantage.

c) Ascertainment at profit or loss

d) Information to Interested groups.

2) Pick the odd one out form the following?

a) ATM b) NEFT c) RTGS d) MO.

3) An asset is recorded in the books on the Basic at the historical cost that is the

acquisition cost. Cost of acquisition will be the base has all further accountancy to.

a) Money Measurement concept

b) Cost Concept

c) Business entity concept

d) Dual aspect concept.

4) In India Accountancy Standards are Issued by.

a) Reserve Bank of India.

b) The cost and management Accountants of India.

c) Supreme court of India

d) The Institute of Chartered Accountants of India.

5) Consider the following statement?

Assertion (A) : Cash discount is allowed to the parties making prompt

payment within the stipulated period of time or early payment.

Example (R) :“5% discount will be allowed if the payment is made. within one

month.

(a) Both (A) and (R) are true and (R) is correct example.

(b) Both (A) and (R) are true and (R) is no correct Example.

(c) (A) is true (R) is False.

(d) (A) is false (R) is true.

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6) Withdrawal of cash from business by the proprietor should be credited to.

a) Drawing A/C b) Cash A/C c) Capital A/C d) Purchase A/C

7) A. Businessman Purchased goods for 25,00,000 and sold 80% of such goods

during the accounting year ended 31st march 2015. The market value of the

remaining goods was Rs.4,00,000. He valued the closing inventory at cost He

violated the concept of.

a) Money measurement b) Conservation

c) Cost b) periodicity

8) Actual purchased a car for Rs.5,00,000 by making down payment at Rs.1,00,000

and signing a Rs.4,00,000 bill payable due in 60days. As a result of this

transaction.

a) Total asset Increase by Rs.5,00,000

b) Total liabilities Increase by Rs.4,00,000

c) Total Asses Increase by Rs.4,00,000

d) Total Asset Increase by Rs.4,00,000 with corresponding increase in liabilities

by Rs.4,00,000.

9) The trial balance contains the balances of.

a) Only personal A/C

b) Only Real A/C

c) Only Nominal A/C d)All A/C.

10) Match list I with list II and select the correct answer using the codes given bellow.

List I List II

a) Internal user of accounting information i) Human Resource Accounting

b) External user of accounting information ii) Tax Manager

c) Role of an accountant iii) Researchers

d) Branches of accounting iv) Employers.

Codes

(a) (i) (ii) (iii) (iv)

(b) (iv) (iii) (ii) (i)

(c) (iv) (ii) (iii) (i)

(d) (iii) (iv) (i) (ii)



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11) Balance as per cash book is Rs.2000. Bank charges of Rs.50 debited by the bank

is not yet shown in the cash book. What is the bank statement balance now?

a) Rs.1950 Credit Balance.

b) Rs.1950 debit Balance.

c) Rs.2050 debit Balance.

d) Rs.2050 credit balance.

12) State the order in which accounting system is followed.

(i) Final A/C

(ii) Ledger

(iii) Trial Balance

(iv) Journal

Choose the correct order using codes given below.

(a) (i) (ii) (iii) (iv)

(b) (iv) (iii) (ii) (i)

(c) (iv) (ii) (iii) (i)

(d) (iii) (iv) (i) (ii)

13) A trader purchased goods for Rs.4,000 at discount of 5% As he paid the amount

immediately, a cash discount of Rs. 100 was allowed. In this case, purchase A/C is

debited by.

a) Rs.4000 b) Rs.3800 c) Rs.3700 d) Rs.3900

14)Debit notes issued are used to prepare.

a) Seles return book

b) Purchase return book

c) Journal proper

d) purchase book

15) Double entry in case book is completed when?

a) Salaries are paid by cheque.

b) Withdrawal of cash from bank for personal use

c) Deposited cash in to bank

d) None of these.



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16) M/S AB enterprises has bank Balance, Rs.8800 as per cash book and the

following ware found:

a) Three cheques deposited in bank for Rs.5800 but only one cheque for Rs.2000

was cleared.

b) Dividend collected by Bank Rs.1250 was wrongly entered in cash book as Rs.

1520. what is Balance as per pass book?

a) Rs.3480 b)Rs.4730 c)Rs.2730 d)Rs.3750.

17) Which one of the following is not correctly mached.

a) Journal - Ledger Folio

b) Ledger - Journal Folio

c) Purchase book - Invoice Number

d) Sales return book - debit not number.

18) Amount paid to supplier is.

a) an event

b) a Transaction

c) Both (A) and (B)

d) Neither (A) nor (B)

19) Goods worth Rs.2000 were distributed as free samples in the market. The Journal

entry will be.

a) Drawings A/c Dr 2000

To purchase A/c 2000

b) Sales A/c Dr 2000

To Cash A/c 2000

c) Advertisement A/c Dr 2000

To Purchase A/c 2000

d) No entry.

20) The imprest system pertains to

a) Purchase book

b) Sales book

c) Cash book

d) Pertly chase book



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SECTION – II

Answer any seven questions in which Question No.30 is Compulsory. 7X2=14

21) Book-Keeping form the base for the preparation of financial statements and

interpretation

which are the important functions of accounting. Define book keeping.

22) The accounts relating to Assets are Called as real A/c what is accounting rule for

nominal A/c?

23) Ledger account is a summary at statement of all transactions relating to person,

asset,

liability expense or income. From the Transactions recorded in the Journal,

ledger is prepared what is meant by posting.

24) Prepare accounting equation the following transaction.

(i) asset (ii) Asset Liability

Debit Credit Credit Debit

25) State Whether the balance of the following accounts should be placed in the trial

balance.

a) Sales b) Drawings c) Salary d) Cash.

26) Complete the sales book and pass Journal entry’s

DATE PARTICULARS INVOICE

NO

L

F

DETAILS TOTAL

2017

MARCH 5

MANI TRADERS

VELLORE 10 Pack

A4 Sheet @ 250PP

10 dozens writing

pads @Rs.850 per

dozen.

Less:

10% Trade discount

2500

- -----

----

11000

- -----

----

9900

27) Give the Format of “Analytical” Petty cash book.

28) Describe the various kinds of partners.

29) What are the differences between cashbook and bank statement?

30) What is cash discount?



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SECTION – III

Answer any seven Questions in which Question No.38 is Compulsory. 7X3=21

31)

Stamp

328,

Bazaar Street,

Rs.10,000/- Saidapet,

Chennai-15

01-06-2017

Three Months after date pay to me or to my order the sum of Rupees Ten

Thousand Only for Value received.

To

Thiru. Jothi Kumar

Ne.430, Mini Street,

Chennai-1 Ramesh Babu

1. What is due date of the bill?

2. Who is prepare this Bill?

3. Who is creditor?

32) Prepare accounting equation for the following.

(i) Started Business with cash. Rs.80,000/-

(ii) Goods bought on credit from somu Rs.10,000/-

(iii) Purchased furniture for cash Rs.6,000/-

33) Enter the following Transaction in the Journal of Ravi who is dialing in furniture

mart. 2017 Jan 1. Ravi Started Business with cash 1,00,000

2. Bought goods for cash 10,000

3. Sold goods for Cash 25,000

34) Pass Journal entry

2018 Jan 1. Towels given as charities Rs. 3,000

2. Shirts taken over by ananth for personal use Rs.12,000

3. Sarees distributed by free sample Rs. 3,000



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35) The following balances appeared in the books of vinoth on jan 1,2018.

Assets: Case Rs.80,000; stock Rs.50,000;

Furniture Rs.20,000; Machinery Rs. 40,000;

Liabilities : amount due to Ram Rs.20,000

Pass the opening Journal entry.

36) Give Journal entries and Post them to cash A/C.

2016 Jan 1 Commenced business with cash Rs.2,00,000

10 Introduced additional capital Rs. 50,000

28. Withdrawn for personal use Rs. 20,000

37) Prepare the trial balance from the following information.

(i) Bank Loan 2,00,000

(ii) Bills payable 1,00,000

(iii) Stock 70,000

(iv) Capital 2,50,000

(v) Purchase 1,80,000

(vi) Sales 3,00,000

(Vii) Debtors 4,00,000

(viii)Bank 2,00,000

38) Complete the Bill Book

Date of Bill Period of Bill Day of grace Due date

1st March

12th July

1st Oct

2 months

1 Months

30 days

---

---

---

---

---

---

39) Enter the following transaction ina single column cashbook of Ravi for May 2017.

1. Cash in hand 40,000

2. Cash received from swathi 4,000

3. Paid ways 2,000

4. Sold goods for cash 9,000

5. Purchase Computer 15,000

6. Paid salary 2,000



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40) From the following particulars prepare a Bank reconciliation statement of

Jayakumar on

31st December 2016.

(a) Balance as per cash book Rs.7130

(b) Cheque deposited but not cleared Rs.1000

(c) A customer has deposited in to the bank directly Rs.800

SECTION – III

Answer all the Questions 7X5=35

41)

10 Goods sold for cash 7,600

11 Cash purchases 11,750

12 Gave Padma a cheque for Rs.21,375 and was allowed a discount of 125

18 Purchased a printer by cheque 7,600

23 Received cash from Rajasekar 14,320

Discount allowed to him Rs.180

In the books of Udhayakumar

Dr. Three Column cash book Cr.

Date

Particulars

R.N

L.F

Amount (Rs.)

Date

Particulars

V.N

L.F

Amount (Rs.)

Dis

cou

nt

Allo

wed

Cash

Bank Dis

cou

nt

Allo

wed

Cash

Bank

2018

Sep

2018

Sep

1 To Balance

b/d

----- 1 By Balance

b/d

----

3 To Cash A/c C 3 By Bank A/c C 15,000

4 To Shyamala

& Co. A/c

120 11 By Purchase

A/c

-----

10 -------- 12 By Padma

A/c

125 21,375

23 To Rajasekar

A/c

---- 18 By Printer

A/c

----

30 To Balance

c/d

----- 30 By Balance

c/d

----

300 56,300 42,045 125 56,300 42,045

OR



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B) Write the names K kinds of attected accounts in the given columns of debit and

credited.

Dr Cr

1) Transaction Name of

A/C

Type of

A/C

Name of

A/C

Type of

A/C

i) Started business with cash

ii) Credit Purchase of goods.

iii) Commission Paid by cheque.

iv) Cash deposited into bank.

v) Interest received into cash.

vi) furniture purchased from

Mukesh

vii) Goods sold by Ramesh.

Cash A/c Assets Capital Capital

42) Given below are the entries in the bank column of the cash book and the bank

statement. Determine the missing items and rewrite the bank statement.

Cash Book

(Bank column)

Date Particulars Amount Rs. Date Particulars Amount Rs.

2017

Oct.1

18

19

20

20

To Balance b/d

To Ram A/c

To Sales A/c

(Ravi)

To Commission

A/c (Kala)

To Nirmala A/c

20,525

6,950

450

200

7,810

35,935

2017

Oct.8

26

28

30

31

By Kamala

A/c

By Magesh

A/c

By Mala A/c

By Salaries

A/c

By Balance

c/d

12,900

9,740

11,780

720

1,695

35,935

Bank Statement



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Date Particulars Dr.

Withdrawals

Rs.

Cr.

Deposits Rs.

Balance

Dr./Cr. Rs.

01.10.17

09.10.17

19.10.17

25.10.17

26.10.17

27.10.17

28.10.17

By Balance b/d

-------------------

By Ram

By Ravi

-------------------

By Kala

To Rajan (salaries)

12,000

9,740

------------

------------

450

200

-------------

8525 Cr

15475 Cr

-------------

6185 Cr

--------------

5665 Cr

(OR)

B) Determine the missing figure of the three column cash book of Udhayakumar

2018 Sep Rs.

1 Cash balance 25,000

1 Bank balance (cr.) 13,070

3 Paid into bank 15,000

4 Received cash from Shyamala & Co., 9,380

Discount allowed to the Rs.120

43) Enter the following transactions in the Journal of Bhagwat and sons..

2006 Amount (Rs)

January 1 Tarun started business with cash 1,00,000

January 2 Goods purchased for cash 20,000

January 4 Machinery Purchased from Vibhu 30,000

January 6 Rent paid in cash 10,000

January 8 Goods purchased on credit from Anil 25,000

January 10 Goods sold for cash 40,000

January 15 Goods sold on credit to Gurmeet 30,000

January 18 Salaries paid. 12,000

January 20 Cash withdrawn for personal use 5,000



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B) The following are the transactions of Kumar Swami for the month of

January. Journalise these transactions.

2006January l Capital paid into Bank 3,00,000

” 1 Bought Stationery for cash 400

” 2 Bought Goods for cash 25,000

” 3 Bought Postage Stamps

” 5 Sold Goods for Cash 10,000

” 6 Bought Office Furniture from Mahendra Bros. 40,000

” 11 Sold goods to Jacob 12,000

” 12 Received cheque from Jacob 12,000

” 14 Paid Mahendra Bros. by cheque 40,000

” 16 Sold goods to Ramesh & Co 5,000

” 20 Bought from S. Seth & Bros 15,000

” 23 Bought Goods for cash from S.Narain & Co 22,000

” 24 Sold Good to P.Prakash 17,000

” 26 Ramesh & Co. Paid on account 2,500

” 28 Paid S.Seth & Bros. by cheque in full settlement 14,800

” 31 Paid Salaries 2,800

” 31 Rent is due to S. Sharma but not yet paid 2,000

44) Enter following transactions in the Bank column cash Book of M/s Tea

Traders for April 2006

Date Details Amount (Rs.)

2006

April 01 Commenced business with Cash 60,000

01 Opened Bank account with SBI 45,000

05 Purchased Goods by Cash 7,000

10 Purchased Office Machine for cash 5,000

15 Sold Goods on credit to Manjula and received cheque 6,000

18 Cash Sales 10,000

20 Manjula Cheque deposited into Bank

22 Paid Wages by cheque 300

25 Cash withdrawn from Bank for personal use 3,000

30 Rent paid by Cheque 2,000



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OR

B) Record the following transactions in the sales book and sales returns book of M/s.

Ponni & Co., and post them to ledger.

2017

Aug 1 Sold goods to Senthil as per Invoice No. 68 for ` 20,500 on credit

Aug 4 Sold goods to Madhavan as per Invoice No. 74 for ` 12,800 on credit

Aug 7 Sold goods to Kanagasabai as per Invoice No. 78 for ` 7,500 on credit

Aug 15 Returns inward by Senthil as per Credit Note no. 7 for ` 1,500 for which cash

is not paid

Aug 20 Sold goods to Selvam for ` 13,300 for cash

Aug 25 Sales returns of ` 1,800 by Madhavan as per Credit Note No. 11 for which cash

is not paid

45)The preparation of the bills receivable and bills payable book is explained through the

following example:

2017

July 1

Acceptance received from Nirmala for ` 5,000 payable after 3 months.

July 20 Acceptance given to Shailaja’s bill for ` 3,000 payable after 3 months.

July 31 Acceptance received from Faisal for ` 1,000 payable after 60 days.

Aug. 5 Farid’s bill for ` 1,000 payable after 6 months accepted.

Aug.11 Mohan’s acceptance for ` 700 payable after 90 days received.

OR

B) Mr. Sumit the Petty Cahier of M/s Travels India received Rs 2000 on April 1, 2006

from the Head Cashier. Prepare Petty Cash Book on Imprest System from the petty

payments during the month of April 2006 for the following items:

Date Details Amount (Rs)

2006

April 2 Auto fare 200

3 Courier services 50

4 Postage stamps 95

5 Pencils/Pads 65

6 Speed Post Charges 40

8 Taxi fare (205+90) 295

9 Refreshments 310

11 Auto fare 60



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13 Telegram 64

16 Computer stationery 165

19 Bus fare 40

21 STD Call Charges 205

23 Refreshment 80

25 Photostat Charges 45

28 Courier services 40

30 Bus fare 40

46) From the following particulars of Raja traders, prepare a bank reconciliation

statement as on 31st January, 2018.

(a) Balance as per bank statement ` 5,000

(b) Cheques amounting to ` 800 had been recorded in the cash book as having been

deposited into the bank on 25th January 2018, but were entered in the bank statement on

2nd February 2018.

(c) Amount received by bank through NEFT amounting to ` 3,000, omitted in the cash

book.

(d) Two cheques issued for ` 3,000 and ` 2,000 on 29th March 2018. Only the first

cheque is presented for payment.

(e) Insurance premium on motor vehicles for `1,000 paid by the bank as per standing

instruction not recorded in the cash book.

(f) Credit side of cash book was undercast by ` 700

(g) Subsidy received directly by the bank from the state government amounting to `

10,000, not entered in cash book.

OR

B) From the following particulars of John traders, prepare a bank reconciliation statement

as on 31st March, 2018.

(a) Bank overdraft as per bank statement ` 4,000

(b) Cheques amounting to `2,000 had been recorded in the cash book as having been

deposited into the bank on 26th March 2018, but were entered in the bank statement on

4th April 2018.

(c) Amount received by bank through cash deposit machine amounting to ` 5,000,

omitted in the cash book.



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(d) Amount of ` 3,000 wrongly debited to John traders account by the bank, for which no

details are available.

(e) Bills for collection credited by the bank till 29th March 2017 amounting to ` 4,000,

but no advice received by John traders.

(f) Electricity charges made through net banking for ` 900 was wrongly entered in cash

column of the cash book instead of bank column.

(g) Cash sales wrongly recorded in the bank column of the cash book for ` 4,000.

47) Enter the following transactions in a cash book with cash, bank and discount columns

of Sundari.

2017 April `

1 Commenced business with cash 80,000

1 Cash at bank 44,000

10 Bought goods for and paid by cheque 13,850

11 Bought furniture for cash 9,500

18 Bought stationery for cash 1,850

20 Received cheque from Santhosh and deposited in the bank 6,800

Discount allowed to him 200

22 Cheque issued to Rama 4,000

24 Paid to Muralidharan half by cheque, half by cash 12,400

Discount received from him 100

25 Salaries paid through bank 6,500

27 Withdrawn cash from bank 1,000

31 Locker rent charged by the bank 150

OR

B) Record the following transactions in the purchases book of Raja Furniture:

2017

May 4

Purchased from Kasi Furnitures, Kanyakumari

10 chairs @ ` 300 each

4 tables @ ` 800 each

May 6 Purchased for cash from Welcome Furniture, Vellore

2 almirahs @ ` 2,000 each


Less: Trade discount 5%

May 10 Bought furniture from Murugan Furniture Mart, Nagapattinam


5 tables @ ` 750 each



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Delivery and packing charges ` 150

May 20 Purchased 2 computers for office use from Anandan & Co., Adyar on

credit for `15,550 each

May 25 Purchased from Gowtham & Co., Chennai


15 steel cabinets @ ` 2,000 each

Delivery charges ` 200

Less: Trade discount 10%

R.Balamurugan.M.com,B.ed

Puttuthakku,vellore

Ph:9600652017



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· 2018. 9. 11. · 37) prepare the trial balance from the following information. (i) bank loan...

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