E No. of Printed Pages: 16 ROM No. oldidbnct. COMMON ANNUAL SCHOOL EXAMINATION, 2019-20 Subject : ACCOUNTANCY (055) . Class : XI Time: 3 Hrs.] IM. M. : 80 Pratita ara : 3 aoe afirenaa Ha : 80 ESE SS arava Pdr : @Q water 1 320m ages wits Lam at @ WR eT 219 227 Ty TH (i) 3H HEL Gil) WET Seer 23 G27 aH wy FH (ii) 4 ates HE) (iv) WET Gert 28 3 30 aH ch we () ESO HEL (@) wea ter 31332 aw etd we (i) TH Bat HE) (vi) wer Ser 22, 23, 28, 31.7 32 F Sra aE i) UE at oni a ce tea wea wt General instructions @ Qi to 20 are objective type questions carrying 1 mark each. (i) Q.21 19 22 are short answer type (1) questions carrying 3 marks each. (i) Q.23 to 27 are short answer type (II) questions carrying 4 marks each, (iv) Q.28 to 30 are long answer type (I) questions carrying 6 mark each, () — Q.31 to 32 are Jong answer type (II) questions carrying 8 marks cach. (vi) Thereisintemnal choice in question no. 22, 23, 28, 31 and 32, (vi) Attemptall partsofa question at one place together. SNe ne Ee PTO.2 Oe Profan #8 ahaa omeatie S-taa t (2) pra & fry % 10,000 a ate weer | (a) ahaa a Sa a yar fare % 5000." (a) 91m Froit Fae HBS F 20,000 aieh AE a4 whe aT yyrar fa (2) & 20,000 wreera 8 8 32 ah vite ae yma fae | Which of the following is not a business transaction : (@) Bought fumiture of & 10,000 for business. (b) Paid for salaries of employees ® 5,000 Ge¥ Paid son's fees from his personal bank account & 20,000. (d) Paid son's fees from the business € 20,000. 27 te ot ama & am 9 wai year avr HEMT es Recognition of expenses in the same period as associated revenueis called... ¥ ware Fo oftefa Ff aaa ora e— (a) va they ot ofa ar pre (a) Fareroan fast ae (a) waesun wie ae (a) satan at aif Voucher is prepared for : (a) Cash receivedand paid (b) Cash/Credit Sales (©) Cash/Credit purchases @d) Allofthe above4. 3 E ayia at tee wie 1 fra i a aa er at a BEA (#) tes GT (a) 3am Gr (a) ate ar (a) sagas 3B wag set A purchase of machine for cash should be debited to: (a) Cash account fachine account (©) Purchase account (d) None ofthe above 5 We oe fare ae ard wa os &, Fre HB ae weer E? Xe (a) tay ae (a) terra (a) wa we (x) arm wet The book in which all accounts are maintained is knownas = (a) Cash Book “ (byJournal (c) Purchases Book (@) Ledger eats gates we a a fet TET (a) wikz at adie (a) Fg FS RT (a) wa at (=) Saad Fade PT.O.seuidhitaaaiaies q 1 1 ‘ ( ( | ( ( j , | 4 Total of these transactions is posted in purchase account (@) Purchase of furniture a_foyCosh Credit purchase (©) Purchase return (@) Purchase of stationery ay freee tory yer 4 sifisfaten dt (a) ast a (a) 7H a ap wert Oe ay (3) Sra ree Oa (%) Beam gun Oka ' Double cotunm cash book records : (a) Alltransactions «_(b) C55 and bank transactions (©) Only cash transactions (@) Only credit transactions ters 3a & oqur angga te, tars at de ae Go eet Sr 1 Favourable balance as per the cash book means... .7-....balance in the bank column of the cash book. WHT 10,000 & fae arene fren arn G1 safer epraTa aH 64 A omer A F 3,000 ar HEE FeseT & 200 oer ware cena wer | a eres at a ae aT? 1 (a) & 700 () & 10,200 () % 9,000 (@) % 7,200 Abill of € 10,000is renewed, The drawee pays € 3,000 as part payment. The amount ofiaterest charged is€ 200, What is the value ofnew bill ? (a) % 700 (b) @ 10,200 (c) 9,000 (@%7,20010, ee fafrra-frga a (s) ar (&) tar Abillofexchange cannot be : (a) Endorsed (07 Crossed (©) Accepted (@) None of these Fra 8 8 aa orgy Serta: arate met t— (90 weet aa a aera oe Sore H fereer (a) wet a tf eft ah oreo ee ea Beare A Papa (a) Fis 8 ora see afer at aa ats at Beer (3) Qrit am & fear a, fears wa a oe fore I Which of the following is not an error of principle (a) Purchase of furniture debited to purchases account (©) Repairs on the overhauling of second hand machinery purchased debited to repairs account \(© Cash received from Manoj posted to Saroj (d) Sale of old car credited to sales account alg cere oor frera @ oe Hh ae ae B fae (3) are Fag orgfs ae & (a) Geral 4 feusite anyfoat a aad & (a) garel 4 oe vata ogigat a want < (3) Geet a um eile a erate cet wer at orafgat at at F 1 I Trial Balance agrees, it implies that : (a) Theres no error inthe books (b) There may be two sided errors in the books (c) There may be one sided errors in the books (d) There may be both two sided and one sided errors in the books. P.T.O.13 tee GN A Gar aT we Ey (wae) Gross profit is totalrevenue. (T/F) cco Sm of ert 2 aie Fre emia ae on a a (a) RT or, fer om, geet ae (7) ARR ST, Bare GIN, Fee a (@) 2a 4, aT aM, Proet aT (3) Se SM, Fras omy, were aH 1 Choose the correct chronological order ofascertainment of the following profits from the profit and loss account ; (a) Operating Profit, Net Profit, Gross Profit {b) Operating Profit, Gross Profit, Net Profit (c) Gross Profit, Operating Profit, Net Profit (d) Gross Profit, Net Profit, Operating Profit 15. aie Ge er oe fare Seater ado ore Y tere ta eer vias er eo (a8) warn fecer erm are en fear ere a (4) a 8 ef are te nen fern ae aT (3) faven Gra ean en a af a (3) forever warn ara wen eer ewe ea AT Ifthe rent of one month i to be paid at the end of accounting year the adjustment entry will be : (a) Debit outstanding rent account and credit rent account (b) Debit profit and loss account and credit rent account (c) Debit rent account and credit pro fit and loss account _ Mba rent account and credit outstanding rent account7 E af 1 ote, 2016 3A omettsra fat © 50,000 8 ver 1 saat, 2017 at F 10,000 wt oafaeas fat eT mdse eas 10% wired at eS re are Sah 31 Br, 2017 a eM a TEA ea Ah ae aT cfr ' (A) 75,250 (4) % 6,000 () €4,000 (@) 73,000 Ifthe opening capital is % 50,000 as on 1st April, 2016 and additional capital introduced & 10,000 on January 01, 2017. Interest is charged on capital @ 10% p.a. The amount of interest on capital shown in profit and loss account as on March 31st, 2017 willbe : soured 4 t e Ps 5,250 ¥ 7” (b) 76,000 (©) 24,000 (d) 233000 we 2 17, opt ovfraver af geen oper a Rr “ (a) aaah (a) states (@) sezafeat (2) sede a ott eat 1 Incomplete record mechanismn of book-keeping i 9 Reienaiie (6) Unscientific (©) Unsystematic (d) both (b) and (c) 1g ae Bae MAR ATT 20% F By farwt F 1,00,000 &, ht Bere TH aT (1) % 20,000 (a) % 25,000 (3B) % 16,667 (&) er 8 ang a 1 Ifthe gross profit is 20% of cost of goods sold and sales are %1,00,000; the amount of gross profit will be: we (a) % 20,000 (6) 7 25,000 (©) 16,667 (d) None of these P.T.O.i 20. a 21 2%. 8 E ‘shan & aeyepe eT Te Stam ape feta ark Bh ea Peer we Fare foot &, 3. wet, ‘The user oriented programmes designed and developed for performing certain specific tasks are called as, Seer & veK sR wT Bs ER aa oo aE 1 The framework of storage and processing of datais called 48.00... Prefer @a-tel a wffte oft arg af ara omaet aah H afr 3 2019 15 se, Tae Ts Bea A 2,000 amt re area sen, orf aT 10% eri CGST sik SGST @6% feu arg 30 ata, ‘afer & organs a2 & sre area i 25,000 aa ae ares at ae See IGST 12% warn en Enter the following transactions in the Purchases Return Book of Shi Mansukh : 2019 Aprill5, Returned goods to Ram Krishan and Sons for %2,000, Trade Discount 10%. CGST and SGST was paid @ 6% each. April20, Returned goods to Gopalsons for 75,000 as the goods were not as per sample. IGST was paid @ 12% at the time of purchase. 31 5rd, 2019 oft Toes Bh Tre ae F 310,000 Shae iy a Peafatian S dar eum freer eae @ 25 ard, 2019 Fr %8,000 tte ard fara 7a, STH B 75,000 % Fe 2 ale, 2019 A aeR fee TEL (i) %5,000 & Sem Sam F cen SH fee seen ara a fH A ar H Soe Z2,200 a er St waa EAI Gi) 725 th Fem wa six 8350 we fad wR cri Sa 9 a feel fog Vag ae a ae fern A (iv) €10,000 & fret er pra Bem 37150 wath Heh Fan, wey tes we Se as a A a fret 7 4 On31* March, 2019, Pass Book of Shri Rajendra shows adebit of 10,000. From the following, prepare Bank Reconciliation Statement : @ Cheques amounting to %8,000 drawn on 25* March, 2019 of which cheques of €5,000 were encashed on 2" April, 2019.a. E @ Cheques pul into the bank for collection 5,000 but cheques of £2,200 could only be collected in March, 2019. Gi) Bank charges %25 saa em ‘on investments collected by the bank could not ‘beshownin Cash Book. Gv) A bill of 10,000 was retired by bank under rebate of 7150 but the full amount was credited in the bank cokimnof Cash Book, waat (Or) ae amen fears ar ad wa sragaaat fafa ‘Write the meaning and need of Bank Reconciliation Statement, 23, fairs a after difste ve sae weal a ache etfar 4 ‘What is accounting? Explain its objectives. . araat (Or) cafeeratn & ara gen ware B ok aftaeahral & fat wag wheats OE? What do you mean by an asset and what are different types of assets ? | 4 frafafiaa wren ata, 2019 & vee ware & fer eres Gea tay wet SRT 4 | ‘afar ai | 2019 1 ate yea tetye a aaa ters are fae 2 ata orm fee Teter saa ara a fara fear 5 spratera wit ae fang err GRIT | 6 ae aerate # are & fey qu otk Si Rad feat 7 ota fagat ara ma & fer fag P.T.O.10 E , 2019. Fromthe following information, write up a simple Petty Cash Book for the I* week of April 1 April Received from Chief Cashier for Petty Cash 2April Bought Postage Stamps 200 4 Apri Paid bus fare 120 | SAprit Purchased stationery for office use 1,000 April Paid for milk and sugar for office tea 600 April Paid tor window ele 25. 5 SR ET 4 What do you mean by Trul Ba “Teal Balince bs the proof ofarithmetical accuracy of accounts,” ‘How? 2% DOT Iisa ark eto,00 anee eo) ora an fre ip tam mm Bayon yan tah 8loo sagen first ievern Pate ahr are hyn ret seg) 4 On Jancary 01,2017 Shicbu sold ods to Vishal for 210,000 and drew upon him a billofexchange for 2 months, Vishal accepted the bel. Shieba got the bill discounted at 2200 from his Bank. On the date of mutunty the bill was Ushonoured by Vishal journatise the entries in the books of Shieba.28. frafafion srafaal at Te ste @ Ara 34,000 Fae wife at wet Hoe os TA 21,000 3 ar tng @ sor 8 £6,000 Soph weheen CU BS, 800 Ter wen Ga, fis eT eT TAH ar & sere ea waft svar A Bh AE @ eT S wrs FU L800 naa tare TER ET IT HOTA arvaifign fara tran on, Sah Te th TAT Be Bfera yas @) Hae BAB AE £5,000 A Bee Fast a wre we A 2,000 @ siftretfens art Fea 4 Rectify the following errors: (Cash received from Mohit 74,000 was posted to Mahesh as 1,000 (Cheque for 25,800 received from Arunin fullsettlement of his account of 26,000 was dishonoured. No entry was passed in the books on dishonour of the cheque. i) 7800 received fromKhanna, whose account had previously been written offas bad, was credited to his account. (i) Credit Sales to Manav for €5,000 was recorded through the purchases book as 22,000. frafefiaa oe feat afr @ Rafe der @ Uae seer (i) Tae garg SaRETT P.T.O.ea 2 Write short notes on following : @ Objectivity concept (i) Money measurement concept ii). Business entity concept wamt (Or) aes a Sac one, ee ona a fre wen ds 2? omen afr How Accrual basis of accounting is superior than Cash Basis of accounting? Explain. died eer ws od wad da sent bi ay Samm adh finde dae wa Eh aaa a Ya BT ATA & fey omer G1 oer, 2004 3h Bra weeeafel cen SeenaHi eT qed ea wT et oe Wa %5,00,000, +737 32,00,000, =a 50,000, mea tare 65,600, ana teHy 77,980 TE VAa wafer 220,350, areata #1 ea The 275,340, sara FATT 5,000, saa Sai wi YE By ae Wee 28,000, onetta art @, ean Ta a dhl Te ga 15,000 44 safeties Fst amg 31 APH, 2005 a wren) fee ge ware G1 Her %5,25,000, 747 %2,00,000, ts 255,000, Faz Tare F40,380, ART ders 15,340, wrewl B24 ule 217,210, Saari a Fa i 265,680 1 saa Fa fafa gre si SRE HY BY NY BH IT HE 6 Mrs, Vandana nuns a small printing firm. She was maintaining onlya few records, which she thought were suflicient to run the business. On April 01,2004, available information from her records indicated that she had following assets and liabilities. Printing Press 75,00,000, Buildings 2,00,000, stock 750,000, Cash at bank %65,600, Cash in hand 27,980, dues from customers ¥20,350, dues to creditors €75,340, and30. 31 13 E outstanding wages %5,000. She withdrew 88,000 every month for meeting her personal expenses. She had also introduced 215,000 during the year as additional capital. On March 31, 2005 her position was as follows : Press %5,25,000, Building %2,00,000, stock 255,000, Cash at bank %40,380, Cash in hand 715,340, dues fromcustomers 717,210, ducs to creditors %65,680. Calculate the profit made by Mrs. Vandana during the year using statement of affairs method. dares Fi eq Teh vi nail a onen athe 6 Explain the limitations ofeomputer accounting system Sed whom Bed 1 orks, 2015 a4 fea ta & weet war 50,000, ota me BRST a 22,0001 01 ag, 2015 Bi veitat ae TH MM FB OL ote, 2011 220,000 4 water aH 1, 3 25,000 4 ae fen aan set fate a 325,000 Urta wi Ta witee sa fea Ba 10% arte a a afeaesfir 3 ye ere we cra ra ea rd acd fare a aE ofeaeata we aS wre aS ee eT ard ena 31 a4, 2016 & fae Faia aren ed ea AEE ET Ba 8 On April O1, 2015 following balances uppeared in the books of M/s Kanishka Traders. Furniture account 50,000, Provision for depreciation on furniture €22,000, On October 01,2015 a part of furniture pur- chased for 20,000 on April 1, 2011 was sold for 25,000. On the same date a new furniture costing %25,000 was purchased. Depreciation was provided @ 10% p.a. on original cost of the asset and no depreciation was charged on the sold asset in the year ofsale. Prepare furniture account and provision for depreciation account for the year ending March 31,2016, saat (Or) ae orm a waa @? ahaa ok wa Hi fare ws omer we ora ore BIT What are Reserves ? Differentiate between Provisions and Reserves on any six basis P.T.O.15 E From the following balances, Prepare the trading and profit and loss account and balance sheet as on March 31, 2017. Debit balances Credit balances z Drawings 6,300 Capital 1,50,000 Cash at Bank 13,870 Discount Received 2,980 Bills Receivable 1,860 Loans. 15,000 Land and Building 42,580 Purchases Return 1,450 Fumiture . 5,130 Sales 281,500 Discount Allowed 3,960 Bank Charges 100 Salaries 6,420 Provision for Bad Debts 4,650 Purchases 1,99,080 Stock (Opening) 60,220 | Creditors 18,670 Sales Retum 1,870 Carriage 5,170 Rent and Taxcs 7,680 General expenses 3,630 Plantand Machinery | 31,640 Book Debts _ 82,740 Bad Debts 1,250 Insurance, 750 4,74,250 —_————___+——_L ee —S16. Adjustments: (1) Closing stock 70,000, (2) Create a provision for bad and doubstiul debts (a 10% on book debts. (3) Insurance prepaid 250, (4) Rent outstanding 2150, (5) Interest on loan is duc 1) 6%. 31am (Or) Tre Fe aE eR ER ana varie an yom ea eT Sari KE renfa q HS sapedinn yea inane th ice sheet of a sole proprieter in the order of liquidity, taking eight items on Assets side and Prepare ight itemson fisbilites side w ith imaginary figures