BLUE PRINT

Sr.no

Units name

VSA

(1)

SA

(3)

SA

(4)

LA

(6)

LA

(8)

Total marks

1

Accounting-An Introduction

1

2

7

2

Accounting terms,principlesand bases

1

1

4

3

Accounting standerds and IFRS

1

1

4

4

Accounting Equation

1

4

5

Origion of transaction

1

1

6

Journal

1

4

7

Cash book analysis

1

4

8

Trial balance

1

4

9

Bank Reconciliation Statement

1

6

10

Depreciation, Provision and Reserve

8

8

11

Bills of Exchange

1

4

12

Financial Statement of sole proprietorship with adj.

1

8

9

13

Accounting for not-for profit organisation

1

2

15

14

Accounts for incomplete records

1

6

15

Computers in Accounting.

1

1

1

10

TOTAL

6(6)

6(18)

5(20)

5(30)

2(16)

24(90)

`KENDRIYA VIDYALAYA SANGATHAN (CHANDIGARH REGION)

( )

-11CLASS-XI

ACCOUNTANCY

2016-17

- 3 -90

TIME-3 HOURSM.M-90

General instructions:

:

1)All questions are compulsory.

|

2)Attempt all the parts of a question at one place.

|

3)Show your workings clearly.

|

4)In case of any doubt, follow English version of the question paper.

, |

5)There is a internal choice in a question paper carrying 8 marks.

8 |

Part A (Financial Accounting -- I)

1. State any two objectives of accounting?

l(1)

2. Define Source Documents.

?(1)

3. Give the full form of GAAP.

. . .. .(1)

4. A firm earns a revenue of Rs40,000 and the expenses to earn this revenue are Rs.30,000. Calculate its income.

40,000 30,000

l(1)

5. Write any three Limitations of Accounting.

l (3)

6. Explain in brief any three qualitative characteristics of Accounting Information.

l (3)

7. Which financial statements are prepared under IFRS?

I F R S |(3)

8. Explain Full Disclosure and Business Entity principle of accounting.

l

(3)

9. Give Journal entries for the following:-

(i) Purchased a second hand machinery for Rs.24,000.and immediately spent Rs.2000 on its repairs.

(ii) Anuj who owes Rs.2,500 became insolvent, only 50 paise in a rupee is received.

(iii) Paid Salary through cheque Rs.2,000.

(iv) Purchased a typewriter from Universal Traders for Rs.7,500

1) 24,000 2,000 l

2) 2500 l

3) 2000

4) 7,500 (4)

10. Prepare Trial Balance from the following information:

Particulars

Rs.

1

Capital ( )

50,000

2

Bank loan ( )

20,000

3

Trade payables ( )

18,000

4

Rent outstanding( )

4,000

5

Capital reserve ( )

5,000

6

Commission received ( )

3,000

7

Bad debts ( )

5,000

8

Plant and machinery ( )

60,000

9

Goodwill ( )

16,000

10

Carriage inward ( )

2,500

11

Carriage outward( )

1,500

12

Trade receivables( )

10,000

13

Profit and loss (Dr.) (Dr)

5,000

(

(4)

11. Ram owed Rs.10,000 to Shyam. Shyam wrote a bill of exchange for Rs.10,000 on Ram for three months, which was duly accepted by Ram. Shyam discounted the bill with Bank at a discount of Rs.100. On maturity, Bill was dishonoured. Bank paid Rs.20 as noting charges. Pass journal entries in the books of Shyam.

10,000 l 10,000 l 100 / 20 l l(4)

12- Prepare Cash Book (with Bank and cash Column )of Suresh from the following transactions:

2016

Particulars/Items

Rs.

Jan.1

Cash in hand ( )

Bank overdraft ( )

2,300

12,000

Jan.7

Cheque received from Ram

l

4,000

Jan.9

Deposited the above cheque into Bank

l

Jan.12

Goods sold for Rs.15,000 and deposited into the bank on the same day

15,000 l

Jan.18

Money withdrawn from bank for office use

l

2,000

Jan.23

Money withdrawn from bank for personal use

1,000

Jan. 31

Bank Charges

200

(4)

13. Aman has the following transactions. Show accounting equation for the same:

(i) Commenced business with cash Rs.80,000.

80,000

(ii) Paid rent in advance Rs.1,000.

1,000

(iii) Purchased goods for cash Rs.30,000 and credit Rs.20,000.

30,000 20,000

(iv) Sold goods costing Rs.20,000 for Rs.30,000.

20,000 30,000

(v)Paid Salary Rs.800 and Salary outstanding Rs.200.

8,00 2,00(4)

14. Prepare a Bank Reconciliation Statementon 31 March 2016 for the following when debit balance of pass book is Rs.2,500:

2,500

S. no

Details

Rs.

(i)

Cheques issued, but not presented for payment

Rs.2,000

(ii)

Cheques issued, but omittedto be record in Cash Book

l

Rs.1,000

(iii)

Cheque deposited but not collected

l

Rs.500

(iv)

A discounted bill of exchange dishonoured

l

Rs.1,000

(v)

Interest on overdraft

Rs.100

(6)

15. Sanjay Engineering Works purchased a machine on 1 st April 2014 for Rs.1,80,000 and spent Rs.20,000 on its installation.

On 1st January 2015, it purchased another machine for Rs.2,40,000. On 1st July 2016, the machine purchased on 1st April, 2014 was sold for Rs.1,45,000. On 1st October, 2016 another machine waspurchased for Rs.4,00,000.

Prepare Machinery Account from 2014 to 2016 after charging depreciation @ 10% p.a. by diminishing balance method. Accounts are closed on 31st December every year.

01-04-2014 1,80,000 20,000 l 2015 2,40,000 l 2016 01-04 2014 1,45,000 l 2016 4,00000 l

2014 2016 10 % 31 l

OR

Adarsh chemicals whose accounting year is calendar year, purchased a machinery on Ist April,2014 costing Rs.1,50,000. It purchased additional machinery on Ist October, 2014 costing Rs.1,00,000 and on Ist July,2015 costing Rs.50,000.On Ist January 2016, one-third of the machinery which was purchased on Ist April,2014 become obsolete due to industrial accident and was sold for Rs.20,000.

Prepare the machinery Account for three years i.e. 2014-2016 by charging depreciation @ 10% p.a.by Fixed Instalment method.

2014 1,50,000

l 2014 1,00,000 2015 50,000 l ,2016 2014 20,000 | 10 % | (8)

PART B (Financial Accounting -- II)

16 Give any two examples of indirect expenses.

l (1)

17 What is meant by customized software ?

? (1)

18 Distinguish between manual and computerized accounting system.

(3)

19 Show the following information in the Balance Sheet of the Vinod Sports Club as on

31st March, 2016:

(3)

Particulars ( )

Debit()

Credit

Tournament Fund ( )

---

1,50,000

Tournament Fund Investment( )

1,50,000

----

Income from Tournament fund investment( )

---

18,000

Tournament Expenses( )

12,000

----

Additional Information:

:

Interest accrued on Tournament fund investment Rs.6,000.

6,000

20. Mr. Aarush keeps his books by single entry system method. His position on 31st December, 2015 was as follows:

Cash in hand Rs.500, Cash at bank Rs.6,000, Stock Rs.5,000, Debtors Rs.3,300, Furniture Rs.1,200, Creditors Rs.4,000. During the year he introduced Rs.4,000 as further capital in the business, and withdrew Rs.9,000 out of which he purchased a Machine for Rs.6,000 for the business.

On 31st December 2016 his position was as follows:

Cash in hand Rs.500, Cash at bank Rs.5,000, Stock Rs.6,000, Debtors Rs.4,600, Furniture Rs.1,500 and Creditors Rs.6,000.

Prepare necessary statements showing the profit or loss made by Mr.Aarush during the year and a

Balance Sheet as at 31st December, 2016after making the following adjustments:

Depreciate furniture and machine at 10% (on closing balance) write off bad debts Rs.200 andprovide 5% for doubtful debts

31 2015 :

500, 6000 , 5000, 3300, 1200, 4,000 , 4000 9000 6000 l

31 2016 :

500 , 5000, 6000 , 46