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    Accountancy

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    Jeremy Carver
    This document provides a sample exam paper for Accountancy class 11 with 10 questions covering various accounting concepts and tasks like explaining accounting terms, posting transactions to ledgers, preparing accounting equations, journal entries, cash books, purchase books, sales books, petty cash books, purchase/sales return books, and reconciling a bank balance per passbook. Students are asked to work through multiple accounting cycle steps like journalizing, posting, preparing subsidiary books, and reconciling accounts from given business transactions.

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    Accountancy

    Uploaded by

    Jeremy Carver
    76 views5 pages
    This document provides a sample exam paper for Accountancy class 11 with 10 questions covering various accounting concepts and tasks like explaining accounting terms, posting transactions to ledgers, preparing accounting equations, journal entries, cash books, purchase books, sales books, petty cash books, purchase/sales return books, and reconciling a bank balance per passbook. Students are asked to work through multiple accounting cycle steps like journalizing, posting, preparing subsidiary books, and reconciling accounts from given business transactions.

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    This document provides a sample exam paper for Accountancy class 11 with 10 questions covering various accounting concepts and tasks like explaining accounting terms, posting transactions to ledgers, preparing accounting equations, journal entries, cash books, purchase books, sales books, petty cash books, purchase/sales return books, and reconciling a bank balance per passbook. Students are asked to work through multiple accounting cycle steps like journalizing, posting, preparing subsidiary books, and reconciling accounts from given business transactions.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    76 views5 pages

    Accountancy

    Uploaded by

    Jeremy Carver
    This document provides a sample exam paper for Accountancy class 11 with 10 questions covering various accounting concepts and tasks like explaining accounting terms, posting transactions to ledgers, preparing accounting equations, journal entries, cash books, purchase books, sales books, petty cash books, purchase/sales return books, and reconciling a bank balance per passbook. Students are asked to work through multiple accounting cycle steps like journalizing, posting, preparing subsidiary books, and reconciling accounts from given business transactions.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
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    Guess Paper Class XI Subject ACCOUNTANCY Time : 3 hours Marks: 100

    1.Explain the meaning of the following terms with example: a. Debtors and creditors b. Receivables and payables. -4 2.Following are the transaction of Amar Ltd post them into the ledger of Rakesh. 2007 Feb 1 Rakesh purchased goods of Rs.5000 Feb 3 Rakesh sold goods of Rs.30000 to Amar Feb 8 Rakesh paid cash of Rs.2000 Feb 10 He returned goods of Rs.2000 purchased by him 3.Show the accounting equation on the basis of the following transactions. a.opening balances of assets: cash Rs.40000, goods Rs.20000 and furniture Rs.1000 b.sold goods to Vikram on credit costing Rs.400 for Rs.500 c.paid salary in advance Rs.500 d.rent outstanding Rs.100 e.charge deprecation on furniture Rs.100 f.goods lost by fire Rs.500 g.purchased household furniture for Rs.15000, giving Rs.5000 in cash and balance through a loan. 4.Give journal entries in the books of Mr.Naresh: -10 2008 Jan 1 started business with Rs.10000 Jan 2 purchased goods from Gautam of Rs.1000 at 10% trade discount. Jan 5 Naresh sold goods of Rs.5000 @5% trade discount and 10% cash discount. Jan 10 Naresh returned goods of Rs.200 Jan 14 gave away as charity goods of Rs.500 and cash Rs.520. 5.Record the following in Double Column Cash Book of Savitri. -10 2006 Oct 1 cash in hand Bank overdraft 5600 2100 (7+7) -6

    Oct 3 purchased goods by cheque 1860 Oct 8 paid into bank 2000 Oct 10 cash sales at a discount of 2% 20000 Oct 15 received from Ankit Rs.300 and discount allowed Rs.25 Oct 20 purchased a computer and paid by cheque Rs.15900 Oct 25 deposited into bank all cash except Rs.100 6.Prepare purchase book from the following transactions of August 2004. Aug 4 purchased from Prem Bros. Delhi : 50 tins Golda Refined Oil @Rs.600 per tin 50 tins Postman Refined Oil @Rs. 300 per tin 40 bags sugar @ 1500 per Qt.(Weight of one bag 95 kgs) Aug 16 purchased form Gain Chand Mahender Kumar 50 tins Golda Refined Oil @Rs.600 per tin 100 Bags Parmal Rice @Rs. 750 per bag Aug 20 purchased from Mayank Trading Company 50 bags sugar @Rs, 1450 per Qt (Weight of one bag 95 kgs) 50 bags rice @Rs.750 per bag. 7.Prepare the sales book from the following transactions. -10 2004 Jan 1 sold goods to Nanda on credit 1000 Jan 5 sold goods to Desai and Co. 885, Vat @10% Jan 15 Goods purchased by Anil from us Rs.8000 @10% trade discount. Jan 18 sale made to Bhanu Mal Rs.2800, Vat @5% Feb 3 goods purchased by Sunder 1500 -10

    8.Prepare petty cash book on the basis of the following transactions in the books of Swami Agencies. The cash book is maintained on imprest system. Date Voucher no. Particulars Amount 2006 Jan 1 -12

    Jan 1 Jan. 10 Jan 18 1 201 202 204 205 206 207 208 209 210 211 Opening balance Postage stamps purchase Conveyance paid Paid for snacks in office Cartage paid Stationery purchased Taxi fare paid Telegram charges Stamps purchased Drawing pins purchased Sundry expenses 2000 55 65 130 15 85 78 24 12 6 320

    9.Prepare purchased return and sales return book from the following transactions of December , 2004. -12

    Dec 2 returned to Baluja Shoe Company, Agra 50 repairs Chappals @Rs.100 per pair being not upto the approved sample. Less 10% trade discount Dec 12 returned to Mayur Shoe Company, Amabala 20 pairs sports shoe @Rs.250 per pair 30 pairs P.T. shoes @Rs.50 per pair being defective. Less 20% trade discount Dec 18 Kashmir Boot House returned to us 10 pairs shoes @Rs.200 per pair being goods supplied without getting order. , vat @10% Dec 23 college shoes, Ambala returned to us: 10 pairs ladies chappal @Rs.60 per pair 5 pairs ladies scandals @Rs.200 per pair Dec 28 returned to rose shoes company 15 pairs school shoes @Rs.70 per pair 100 pairs plastic chappal @Rs.40 per pair

    10.From the following particulars, ascertain the bank balance as per pass book as on 30th June,1996: -12

    1. Credit balance as per cash book on 30.6.97 Rs.3000 2. Interest debited by bank Rs.100 3. Bank charges debited by bank Rs.40 4. Cheques of Rs.5000 deposited but cheques of Rs.3700 were credited by the bank upto 30.06.97 5. Two cheques of Rs.1500 and Rs.3000 were issued but only one presented for payment cheque of Rs.1500 was

    6. Dividend on shares Rs.750 collected by bank, but no entry has been passed in the cash book 7.Cheque issued but not recorded in the cash book Rs.1000 8.Debit side of the cash book underacted by Rs.1000

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