Set: A

Model Questions - 2077

Sub: Accountancy Grade: XI Time: 3 hour F.M.: 75
Candidates are required to give their answers in their own words as far as practicable. The
figures in the margin indicate full marks.
Group A
Very Short Answer questions [11×1=11]
Attempt all questions.
1. What do you mean by accounting?
2. Write any two objectives of book-keeping.
3. What is Cost Concept of accounting?
4. Write any two objectives of trial balance.
5. What is endorsement of cheque?
6. Define error of commission.
7. Write the meaning of provision.
8. Write any one difference between capital receipt & revenue receipt.
9. Define new accounting system.
10.Write any two objectives of Bank Cash Book.
11.Define budget sheet.
Group ‘B’
Short answer questions [5×8=40]
Attempt all questions.
12. A) Write the rules of debit & credit under traditional approach with example. 3
B) The following transactions are given to you.
a) Started a business with cash Rs.1, 00,000 & machinery Rs.2, 00,000.
b) Sold goods Rs.20, 000 on cash & Rs.30, 000 on credit.
c) Commission received of Rs.15, 000.
d) Computer costing Rs.40,000 was sold at Rs.50,000.
Required: Accounting Equation 2
13. A) Following cash and banking transactions are given to you.
Bhadra 1: Debit balance of cash Rs.50, 000 & credit balance of bank of Rs.60, 000.
Bhadra 5: Sold goods Rs.40, 000 on cash & Rs.90, 000 on cheque.
Bhadra 10: Cash deposited in to bank of Rs.20, 000.
Bhadra 20: Cash paid to creditors Rs.36, 000 after deducting 10% discount.
Required: Triple Column Cash book 3
B) The following transactions relating to purchase are given,
May 4: Purchase from ABC food suppliers.
5 quintals Rice @ Rs.100 per kg.
200 kg maize @ Rs.50 per kg.
19
 (Trade discount 10%)
May 15: Purchase from Phewa suppliers:
50 boxes noodle @ Rs.500 per box
2 tons pulses @ Rs.150 per kg; trade discount 5%
Required: Purchase book. 2
14. The following information are given to you:
a) Pass book showed a credit balance of Rs.80,000.
b) Cheques of Rs.20,000 & 10,000 were drawn but only Rs.10,000 was presented for
payment by the bank.
c) Credit side of cash book has been under cast by Rs.5,000.
d) A customer has directly deposited into bank of Rs.15,000 but not recorded in
cash book.
e) A cheque of Rs.20,000 sent to bank for deposit but was dishonored by the bank.
f) Telephone bill of Rs.2,000 paid by the bank but not recorded in cash book.
Required: Bank reconciliation statement 5
15. A) The following errors were located after preparation of trial balance.
a) Sales book has been under cast by Rs.10,000.
b) Cash paid for installation of machinery but wrongly debited to wages account of Rs
15,000.
c) Commission paid of Rs.20,000 wrongly recorded as commission received.
Required: Rectified entries 3
B) The following information is provided,
i) Opening balance of provision for bad debt Rs.20,000
ii) Bad debt written off during the year Rs.5,000.
iii) Closing balance of debtors Rs.60,000.
iv) Provision for bad debt to be maintained@10%
Required: Provision for bad debt account 2
Or,
The trial balance of a trading concern is given below:
Particular Amount Particular Amount
Opening Stock 50,000 Capital 3,00,000
Machinery 2,00,000 Loan 1,00,000
Cash & Bank 40,000 Commission 10,000
Debtors 80,000 Suppliers 50,000
Insurance 20,000 Sales 1,50,000
Land & Building 1,50,000
Purchase 50,000
Wages 20,000
Total 6,10,000 Total 6,10,000
Additional information:
i) Depreciate by machinery @10%.
ii) Appreciate land & building by 20%
iii) Unearned commission of Rs.5, 000.
20
iv) Bad debt written off @10%.
v) Wages to be paid of Rs.10, 000.
Required: Adjusted trial balance. 5
16. XYZ Co. Ltd purchased a machinery of Rs.1, 80,000 & paid installation cost of Rs.20,000
on 1st January 2015. The company purchased another machinery of Rs.1, 50,000 on 1 st July
on the same year. On 30 September 2016, the first machinery purchased on 2015 became
useless & was sold at Rs.1, 30,000. On the same date new machinery costing Rs.1, 00,000
was purchased. Depreciation is to be charged @10% under Written down Value method.
Accounts were closed on 31st December each year.
Required: Machinery account for 2015, 2016 & 2017
Machinery account
Date particular L amount Date Particular L. Amount
F F.
1st Jan. To bank a/c I 200,000 31st Dec By depn a/c I 20000
2015 2015 (200000x10/100)
1st July To bank a/c II 150,000 By depn a/c II 7500
,, (150000x10/100x6/12
By balance c/d 322500

350000 350000
1st Jan. 30th sep. By bank I 130000
2016 To balance b/d 322500 2016 By depn on sold 13500
30th sep. To bank a/c III 100,000 machine I
By P/L a/c 36500
By depn a/c 14250
(322500-130000-
13500-36500)x10/100
,, By depn a/c III 2500
(100000x10/100x3/12) 225750
By balance c/d

422500 422500

1st Jan.
2017 To balance b/d 225750 30th sep. By depreciation a/c 22575
2017 By balance c/d 203175

225750 225750

1st Jan. To balance b/d 203175

2018

21
working note
1st jan.2015n 200000
less dep @10% 20000
1st jan.2016 180000
less: dep. for 9 months 13500
(180000x 10/100x9/12)
book value on 30th sep. 166,500 (CP)
sales value = 130000 (Sp)

loss on sales of machinery = 166500-130000= 36500

17.Trial balance of A trader as on 30-12-2074 is given below.

Particular Amount Particular Amount

Salaries 60,000 Capital 1,50,000
Discount 10,000 Sundry creditors 60,000
Machinery 1,00,000 Rent 45,000
Debtors 80,000 Loan 50,000
Insurance 20,000 Gross profit 14,000
Bank balance 10,000
Commission 30,000
Closing Stock 5,000
Bad debt 4,000
Total 3,19,000 Total 3,19,000
Additional information
i) Depreciation Charged on machinery @10% P.a.
ii) Write off bad debt of Rs.8, 000.
iii) Accrued rent of Rs.5, 000.
Required:
a. Profit loss account 3
b. Balance Sheet 2
18. The following information is relating to a club.
Balance sheet as on 1st January, 2020
Liabilities/ Capital Amount Assets Amount
Capital fund 2,00,000 Machinery 1,00,000
Loan 50,000 Subscription due 50,000
Cash balance 1,00,000

22
 Total 2,50,000 Total 2,50,000

Receipts and Payment Account

Dr. For the year ended 31 - 12 - 2020 Cr.
Receipts Amount Payments Amount
To balance b/d 1,00,000 By salaries of wages 60,000
To subscriptions By loan 30,000
2019 50,000 By machinery 1,00,000 Add
i 2020 1,50,000 2,00,000 By balance c/d 1,40,000 tion
a To Entrance fees 30,000 l

Total 3,30,000 Total 3,30,000

information:
i) Subscription due for current year Rs.30, 000.
ii) Depreciate machinery@10% p.a.
iii) Outstanding salaries & wages Rs.5, 000.
iv) 40% entrance fees to be capitalized.
Required:
a) Income and Expenditure Account 3
b) Balance sheet as on 31st chaitra 2020
2
19. A) Mr. Rabin keeps his account under single entry system. He started a business with cash
Rs.3, 00,000 on 1st January 2018. He withdrew Rs.3, 000 per month for household work.
The position of his business at the end of the year was as follows:
Particulars Amount
Plant 2,00,000
Stock 70,000
Wages due 12,000
Overdraft 55,000
Cash in hand 50,000

Required:
a) Closing statements of affairs
b) Statement of profit & loss. 1+1
B) The following transactions of district education office are given to you. The office has
submitted payment order to DTCO for paying the following expenditure.
Magh 5: Paid Rs.4, 000 to Nepal electricity Authority for electric charges.
Magh 15: Furniture purchase advance of Na. Su. Mr. Ram Joshi of Rs.60, 000 was
cleared as per bill of Rs.50,000 and bank voucher of Rs.10,000 submitted by
him.
23
 Magh 20: Employees’ remuneration of Magh Rs.88, 000 including government
contribution
to P. fund were distributed after deduct & provident of fund as per the rule,
income tax Rs.5,000, social security tax Rs.500 and p. f loan Rs.10,000.
Required: Journal voucher 3
Or,
The following information are given,
Budget Subhead Annual budget Expenses upto
Falgun
Employees remuneration 6,00,000 3,00,000
House rent 1,50,000 90,000
Furniture 90,000 40,000
Office materials 1,00,000 60,000
Vehicles 4,50,000 3,00,000

Expenditure for the month of Chaitra

Chaitra 1: Purchased vehicle Rs.1,00,000
Chaitra 7: Purchased furniture Rs.20,000
Chaitra 15: House rent paid of Rs.25,000.
Chaitra 26: Distributed Rs.52,000 for employees' remuneration after deducting income
Rs.2,000 & P.F. Rs.12,000.
Required: Budget Sheet 5
Group ‘C’
Long answer questions (3×8=24)
Attempt all questions.
20. The following transactions of a trader are given below.
a. Started a business cash Rs.1,00,000 and bank balance Rs.2,00,000.
b. Sold goods to Hari of Rs.80,000.
c. Purchase goods for Rs.40,000
d. Cheque received from Hari of Rs.50,000
e. Again, goods sold to Hari Rs.20,000.
f. Cash received from Hari Rs.45,000 in full settlement.
Required: a. Journal Entries
b. Necessary Ledger c. Trial balance 3+4+1
21. The trial balance of Gonu Enterprises as on 31st December 2019 is given below:
Particulars Amount Particulars Amount
Salaries 80,000 Sales 9,00,000
10% investment 1,50,000 Creditors 80,000
Cost of goods sold 5,00,000 10% Bank loan 60,000
Debtors 40,500 Capital 4,00,000
Goodwill 50,500 Interest on investment 8,000
Plant & machinery 4,00,000 Accumulated depredation on plant 30,000

24
 Closing Stock 1,17,000
Gas and water 4,000
Cash 36,000
Advertisement 60,000
Prepaid rent 40,000
Total 14,78,000 Total 14,78,000

Additional Information:
a. Outstanding salaries of Rs.10,000.
b. Prepaid rent expired of Rs.20,000.
c. Depreciation on plant & machinery@15% p.a.
d. Gas & water expenses are related to sales department.
Required: a. Income statement based on NFRS 4
b. Balance Sheet based on NFRS. 4
Or,
What do you mean by government accounting? Write any five differences between government
accounting & commercial accounting. 3+5=8
22. (A) Following transactions are given,
Falgun 12: Issued a cheque of Rs.45,000 for purchase of Computer.
Falgun 21: Mr. Karki's advance cleared of Rs.30,000 against the submission of bill of
Rs.35,000 for purchase of furniture.
Falgun 28: Distributed total salary of Rs.1, 10,000 after deducting provident fund
Rs.20,000 and income tax Rs.8,000.
Required: Bank cash book 4
(B) Following information is given:
Budget Heads Annual budget Expenditure of Expenditure upto
Bhadra Bhadra
Salary 8,00,000 50,000 1,20,000
Allowances 80,000 5,000 9,000
Office expenses 1,50,000 18,000 27,000
House rent 1,00,000 15,000 25,000
Furniture 3,00,000 50,000 1,50,000
Total 14,30,000 1,38,000 3,31,000

Additional Information:
Office expenses advance given but not cleared Rs.10,000
Required: Statement of monthly expenditure 4
Best of Luck

25
 Set: B

Model Questions - 2077

Sub: Accountancy Grade: XI Time: 3 hour F.M.: 75
Candidates are required to give their answers in their own words as far as practicable. The
figures in the margin indicate full marks.
Group “A”
Very Short Answer questions [11×1=11]
Attempt all questions.
1. Define accounting.
2. Write any one difference between book keeping and accounting.
3. What is business entity concept?
4. Write any two objectives of trial balance.
5. What is endorsement of cheque?
6. Define error of principle.
7. Write any two differences between reserve and provision.
8. Write any two example of capital expenditure.
9. Write any two features of government accounting.
10.State the use of bank cash book.
11.Mention the parts of budget sheet.
Group 'B'
Short answer Questions [8×5=40]

26
 Attempt all questions.
12. (A) Mention in brief the accounting process. 3
(B) Following information is given to you;
a) Started business with cash Rs.2,50,000 and furniture Rs.50,000.
b) Purchased goods worth Rs.50,000 on cash and Rs.50,000 on credit.
c) Paid rent Rs.50,000.
d) Goods costing Rs.25,000 sold for Rs.30,000.
Required: Accounting Equation 2
13. (A) Following cash and banking transactions are given below;
Magh 1: Opening balance of cash and bank Rs.90,000 and Rs.3,00,000 respectively.
Magh 10: Cash deposited into bank Rs.50,000.
Magh 12: Paid to Gopal Rs.27,000 by cheque after deducting 10% discount.
Magh 15: Received cash Rs.5,000 and cheque of Rs.20,000 from sale of furniture.
Required: Triple Column Cash book. 3
(B) Following sales transaction of a Trader is given;
March 5: Sold to Mercantile Traders, Dhahran:
5 computers @ Rs.50,000 each
10 printers @ Rs.20,000 each
(5% Trade discount)
March 10: Sold to Ridi Computer Traders, Butwal
5 Dells @ Rs.55, 000 each
10 Lenovo laptops @ Rs.75,000 each at 5% discount.
Required: Sales Book 2
14. Following information are given:
a) On Shrawan 31, the pass book showed a bank balance of Rs.70,000.
b) Service charge entered in pass book but not recorded in cash book Rs.500
c) Cheques of Rs.60,000 were issued for payment but presented for payment only
Rs.5,000
d) Cheques sent for collection but not deposited by bank Rs.80,000
e) Insurance premium paid by bank but not entered in cash book Rs.3,000
f) Interest on investment collected and credited by bank but not recorded in cash book
Rs.1,000
Required: Bank reconciliation statement. 5
15. A) Rectify the followings errors which were located before preparation of trial balance.
a) Sale of Furniture Rs.20,000 wrongly credited to sales book.
b) Cash Sales to Mr. Pradhan Rs.10,000 debited to his account.
c) Credit purchase of Rs.10,000 from Trade Link has been recorded as Credit Sales.
Required: Entries for rectification. 3
B) Following Information are extracted from the trial balance.
Particulars Debit (Rs) Credit (Rs)
Sundry debtors 1,04,000 -
Provision for bad debts - 14,000
Bad debts 27 2,000 -
 Additional information:
a) Write off further bad debt Rs.4,000
b) Maintain provision for bad debts @ 5%.
Required: Provision for bad debt account. 2
Or,
An unadjusted trial balance of a concern is given below;
Accounts Heads Debit (Rs) Credit (Rs)
Bank 20,000 -
Purchases 46,000 -
Debtors 22,000 -
Furniture 50,000 -
Salary 40,000 -
Prepaid rent 12,000 -
sales - 90,000
Capital - 60,000
Creditors - 40,000
Total 1,90,000 1,90,000
Additional information:
i) Salaries due Rs.3,000
ii) Depreciation on furniture to be provided @10%
iii) Prepaid rent expired to the extent of Rs.2,000.
iv) Create provision for bad and doubtful debts @ 5%
Required: Adjusted trial balance
16. Consider the following trial balance and other information as on 31.12.2077.

Debit balance Amount Credit balance Amount

Salaries 70,000 Creditors 45,000
Rent office 24,000 Bills payable 15,000
Prepaid insurance 6,000 Discount received 2,100
Debtors 72,500 Capital 1,50,000
Discount allowed 3,000 Gross profit 1,38,200
Advertisement expenses 10,000
Cash 8,000
Closing stock 56,800
Land and buildings 1,00,000
Total 3,50,300 Total 3,50,300
Additional information:
i) Unpaid salaries Rs.2,500
ii) Outstanding rent (office) Rs.2,000
iii) Prepaid insurance expired Rs.4,500
Required:
a) Profit and loss account. 3
28
 b) Balance sheet 2
2
17. Nepal Cotton Mills purchased a machinery on 1 st May, 2018 for Rs.200,000. On 1 st July,
2019 it purchased another machine for Rs.100,000. On 31 st March, 2020 it sold off the first
machine for Rs.120,000 and on the same date purchased new machinery for Rs.200,000.
Depreciation is provided at 20% p.a. on the original cost method. Accounts were closed
each year on 31st December.
Required: Show the machinery account for the first three years. 5

18. Pragati Adult-care Foundation has the following information relating to financial affairs:
Balance sheet as on 31st December, 2018
Liabilities/ Capital Amount Assets Amount
Capital fund 50,000 Equipment 30,000
Cash balance 20,000
50,000 50,000

Receipts and Payment Account

Dr. For the year ended 31 st December, 2019 Cr.
Receipts Amount Payments Amount
To opening balance 20,000 By caretaker’s salary 22,000
To subscription 19,000 By rent 13,000
To legacy 10,000 By medical expenses 5,000
To sundry receipts 1,000 By electricity and telephone 1,000
By refreshment expenses 1,000
By closing balance 8,000
Total 50,000 Total 50,000

Additional information:
i) There are 20 members in the foundation each members pays annual subscription
@ Rs.1,000
ii) Caretaker’s salary is @ Rs.2,000 per month.
iii) Rent is @ Rs.1,000 per month.
iv) Depreciate equipment by 10% p.a.
Required:
a) Income and expenditure account for the year ended 31 st December, 2019. 3
b) Balance sheet as on 31 December, 2019.
st
2
19.A) Mr. Subash started business with opening capital Rs.80,000. During the year he withdrew
Rs.1,000 per month for personal use. He sold his land for Rs.60,000 and invested that

29
 amount into the business as new capital. At the end of the year his assets and liabilities
were as follows:
Particulars Amount
Plant and machinery 25,000
Furniture 20,000
Sundry debtors 30,000
Stock 72,000
Cash in hand 10,000
Sundry creditors 10,000

Required:
a) Closing statements of affairs to find out closing capital. 1
b) Statement of profit and loss. 1
B) Following expenditures are taken from District Court, Kathmandu. The Court Office
has submitted payment order to DTCO for paying the following expenditure.
Ashoj 4: issued payment order for purchase of furniture of Rs.5,000.
Ashoj 8: Machine purchase advance of Mr. Gupta Rs.60,000 was cleared against the bill
for purchase of Rs.55,000 and the Travelling expenses bills of Rs.5,000.
Ashoj 25: Employee remuneration of Ashoj Rs.40,000 and government contribution to P.F.

Rs.4,000 were distributed after deducting income tax of Rs.2,000 social security
tax of Rs.400 loan of Rs.1,000 and P.F. of Rs.8,000 by cheque.
Required: Journal Voucher

Group C
Long answer questions. (3×8 = 24)
Attempt all questions.
20. Following transactions of a trader are given below:
a. Started a business with cash Rs.500,000.
b. Purchased goods from Suman Rs.40,000.
c. Goods sold for Rs.25,000
d. Cash paid to Suman Rs.25,000
e. Again goods purchased from Suman Rs.20,000.
f. Paid to Suman Rs.34,000 for full settlement.
Required: a. Journal Entries
b. Necessary ledger
c. Trial Balance 3+4+1
21. The trial balance of Deepika Store as on 31st Ashadh 2076 is given below:
Particulars Debit (Rs.) Particulars Credit (Rs.)
Opening stock 1,65,000 Creditors 1,50,000
Drawing 22,500 Profit on sale of machine 15,000
Debtors 51,750 Sales 12,03,000
30
 Gas and Oil Expenses 12,000 Accumulated depreciation 67,500
10% Investments 180,000 10% Bank Loan 80,000
Trademark 72,750 Capital 5,00,000
Purchase 7,50,000 Interest on Investment 15,000
Plant and Machinery 5,40,000
Salary 1,06,500
Cash 50,000
Repair Expenses 50,000
Prepaid Insurance 30,000
Total 20,30,500 Total 20,30,500

Additional Information:
a. Closing stock Rs.1,00,000.
b. Depreciation on plant and machinery is 15%.
Required: a. Income statement based on NFRS (4)
b. Balance Sheet based on NFRS (4)
Or,
What is new accounting system? Explain the features and objectives of new accounting system
of government of Nepal. 2+3+3=8

22. A) Following information is given:

Budget heads Annual Expenditure upto Expenditure of
Budget Ashwin Kartik
Salaries 3,00,000 80,000 25,000
Additional
Allowancesinformation: 80,000 10,000 6,000
a) Office expenses 65,000 20,000 5,000
House Rent 1,50,000 25,000 12,000
Furniture and fittings 75,000 35,000 -
Machinery 2,00,000 - 80,000
Total 8,70,000 1,70,000 1,28,000
Uncleared machinery advance Rs.15,000.
Required: Statement of monthly expenditures reports 4
B) Following transactions are given:
Magh 9: Issued payment order Rs.40, 000 for purchasing Office Equipment.
Magh 20: Mr. Puskar Karki Submitted bill of Rs.13,000 of book purchase against the
advance of Rs.10,000 to clear his advance.
Magh 29: Total salary for the month Rs.88,000 distributed after deduction of provident
fund Rs.16,000 and income tax Rs.4,000.
Required: Bank Cash Book

Best of Luck

31
 Set: C
Model Questions - 2077
Sub: Accountancy Grade: XI Time: 3 hour F.M.: 75
Candidates are required to give their answers in their own words as far as practicable. The
figures in the margin indicate full marks.
Group 'A'
Very Short Answer questions [11×1=11]
Attempt all Questions
1. Define Ethics in accounting.
2. Mention any two objectives of accounting.
3. Write the meaning Materiality concept.
32
4. Define Debit note.
5. What is Bearer cheque.
6. Define Trial balance.
7. Write about errors of omission.
8. Define capital expenditures.
9. Define government accounting
10. What is Dhapot.
11. Define Statement of expenditures.
Group 'B'
Short Answer Questions
Attempt All Questions: [8×5=40]
12. A) State accounting process in brief. 3
B) The following transition is given to you.
a. Started business with cash Rs.2,00,000 and furniture Rs.50,000
b. Goods purchased on cash Rs.50,000 and Rs.10,000 on credit.
c. Goods costing Rs.30,000 sold at a profit of Rs.5,000.
d. Good lost by fire Rs.10,000
Required: Accounting Equation 2
13. A) Following information are given to you:
2060,Baisakh 5: Purchase from to B & B Markets.
15 kg tea @ Rs.200 per kg
50 kg sugar @ Rs.30 per kg
2060,Baisakh 10: Purchase from X&Y traders on cash
10 kg tea @ Rs.190 per kg
2060,Baisakh 20: Purchase from Karan & co.
300 lbs coffee @ Rs.20 per lb
1000 kg sugar @ Rs.29 per kg
(less: Trade discount @ 10%)
Required: Purchase Book 2
B) Following Cash and Bank transactions are given.
Falgun – 1 Cash in hand Rs.90,000 and bank balance Rs.1,50,000
Falgun – 5 Goods purchased for Rs.30,000
Falgun – 10 Cash paid to creditors Rs.5,400 after deducting 10% discount
Falgun – 20 Cash deposited into the bank Rs.10,000
Required: Triple Column Cash Book 3
14. On 31 December, the balance of bank account as per trader’s pass Book was of
st

Rs.40,000. Ongoing through the cash Book, the following discrepancies were observed.
a) Various cheques of RS. 60,000 were issued for payments but cheques of Rs.40,000
were not presented for payment.
b) Bank credited Rs.20,000 only out of various cheques of Rs.30,000 deposited into bank.
c) Rs.500 debited as bank charge in Pass Book but not recorded in Cash book.
d) A cheque of Rs.5,000 was directly deposited by a customer into bank but was recorded
as Rs.500 in the cash book.
Required: Bank Reconciliation Statement 5
15. A) Following errors were located before the preparation of trial balance:
a. Wage paid Rs.18,000 to Mr. Sharma but wrongly debited to his personal account.
b. Purchased goods from Shyam of Rs.10,000 but wrongly passed through sales book.
c. Salary paid Rs.2,000 but wrongly debited in wage account.
33
 Required: Entries for Rectification 1+2+1
B) Following information is given:
Provision for bad debt at the beginning year Rs.2,500
Bad debt written off during the year Rs.10,000,
Closing debtors Rs.1,40,000
Maintain provision for bad debts @ 2% after writing off further bad debts Rs.5,000.
Required: Provision for Bad Debt Account 2
Or,
You are given the following Trial balance with adjustments:
Particulars Dr. Amt. Particulars Cr. Amt.
Opening Stock 3,000 Capital 90,000
Purchases 30,000 Creditors 25,000
S. Debtors 28,000 10% Loan 22,000
General Expenses 1,000 Sales 38,000
Salary 25,000
Wages 8,000
Land 80,000
Total 1,75,000 Total 1,75,000

Adjustments:
a. Pre-paid salary Rs.5,000.
b. Appreciate land by 10%.
c. Write off bad debts Rs.2,000
d. Outstanding interest on loan Rs.2200
Required: Adjusted Trial Balance. 5

16. A company purchased a vehicle costing Rs.4,00,000 on 1 stBaishak 2074. On 1stKartik

2074, the company further purchased a second-hand vehicle of Rs.1,90,000 and spent Rs.
10,000 on its repairs and maintenance. On 31 stAshad 2075, the company found that 1 st
vehicle unsuitable for the business and sold it bearing a profit of Rs.20,000. The company
writes off depreciation @ 20% p.a. under straight line method. The accounts were closed
on 31stChaitra of each year.
Required: Vehicle account for first three years. 5

17. The following trial balance is related Sangita enterprises.

Account Titles Debit Rs. Credit Rs.
Cash 15,000 -
Prepaid insurance 5,000 -
Office supplies (used) 8,000 -
Office equipment 60,000 -
Drawing 4,000 -
interest received - 10,000
Accounts payable - 12,000
Share capital - 45,000
Service revenue - 60,000
Utility expenses 15,000 -
salaries 20,000 -
34
 Total 1,27,000 1,27,000
Additional information:
a. Closing stock Rs 45,000
b. Depreciation on equipment Rs.4,000
Required: a) Statement of profit or loss
b) Statement of financial position 2+2=4
18. The following information of MMC Sport Club is provided:
Balance Sheet of 1stBaishak 2075
Capital and liabilities Amount Assets Amount
Capital fund 2,01500 Furniture 30,000
Advance subscription 1,000 Building 1,50,000
Salary due 500 Cash balance 20,000
Subscription 3,000
due
Total 2,03,000 Total 2,03,000
Receipt
and payment on 31stChaitra 2075
Receipts Amount Payments Amount
To Balance b/d 20,000 By salary 12,500
To subscription By prize expenses 8,000
2074 3,000 By rent 15,000
2075 70,000 By stationery 6,000
To other income 10,000 By balance c/d 83,500
To entrance fee 22,000
Total 1,25,000 Total 1,25,000
Additional information’s:
a. Subscription due for the year Rs.4,000.
b. Depreciate on furnitures@10%.
c. Salary due Rs.4,000.
d. 50% of the entrance fee is to be capitalized.
Required:
a) Income and Expenditure account.
b) Balance sheet as on 31st Chaitra 2075. 2+3
19. A) Mr. Hari keeps his account under single entry system. He started business with cash Rs.
50,000 and furniture of Rs.25,000 on 1 st July, 2019. He sold his personal property of Rs.
40,000 and full amount invested into business as further capital. His position at the end of
the year were as follows:
Machinery 45,000 Creditors 12,500
Cash at bank 90,000 Inventory 45,000
Sundry debtors 30,000 Outstanding expenses. 7,500
Additional information:
a. He withdrew Rs.10,000 from the business for his personal use.
b. Bad debts Rs.1,500.
c. Depreciate furniture by 10%.
Required: i) Closing statement of Affairs.
ii) Statement of Profit and Loss. 1+1

35
B) Following transactions of District Education office, Parbat are given:
Baisakh: 1 Issued a payment order of Rs.10,000 for purchase of office materials.
Baisakh: 5 Rent paid through cheque for the months of Chaitra, Baisakh and Jestha
@10,000 per month.
Baisakh: 30 Out of total salary of the month of Baisakh Rs.2, 20,000 (with govt.
contribution) were distributed after deducting Rs.40,000 for provident
fund and Rs.5, 000 for income tax.
Required: Journal voucher [1+1+1=3]
Or,
Following information is given:
Budget Sub- Heads Annual budget Expenses up to Falgun
Employee remuneration 8,00,000 4,00,000
Office materials 1,20,000 60,000
House rent 1,40,000 80,000
Furniture and fitting 80,000 35,000
Vehicles 5,00,000 3,50,000
Expenditures for the month of Chaitra:
Chaitra 1: Purchase furniture Rs.10,000
Chaitra 5: Purchase vehicles of Rs.1,00,000
Chaitara10: Advance rent paid for Rs.10,000
Chaitra 28: Distributed Rs.35,000 for employees’ remuneration after deducting income
tax Rs.1,000 and P. fund Rs.8,000
Required: Budget Sheet
Group 'C'
Long Answer Questions
Attempt All Questions: [3×8=24]
20. The following transactions are given to you:
Jan 1: Started business with cash balance Rs.2,20,000 and bank balance Rs.80,000.
Jan 2: Purchased machinery of Rs.25,000 and paid Rs.5,000 on cash and Rs.20,000
through cheque.
Jan3: Rent paid on cash Rs.10,000.
Jan 4: Purchased goods of Rs.20,000 on credit.
Jan 5: Depreciation charge on machinery Rs.3,000
Jan 6: Sold goods on credit Rs.40,000
Required: a) Journal entries b) Necessary ledger account
c) Trial balance 3+4+1
21. A) Following transactions are given:
Chaitra: 11 Issued payment order of Rs.5,000 to Mr. Pandit for the purchase of
stationery items.
Chaitra: 29 Issued payment order of Rs.52,000 for salary distribution and Rs.5,000 for
local allowance after deducting provident fund Rs.12,000 and income tax Rs.1,000 and
advance salary Rs.1,000 .The deducted amounts were deposited into the
concerned office on the same
Required: Bank Cash Book. 1+1+1+1
B) Following information is given below:
Budget Head Annual budget (Rs) Expenditures Expenses of Aswin
upto Bhadra

36
 Salary 3,40,800 52,800 50,400
Allowance 72,000 12,000 12,000
Telephone 50,000 14,000 4,000
Furniture 60,000 20,000
Vehicle 1,60,000 - 1,50,000
Additional Information:
a. Uncleared advance of vehicles Rs.1,50,000
Required: Statement of Expenditures for the month of Aswin 4
Or,
Define Government accounting. Write any three features and objectives of Government
accounting. 2+3+3
22. Following is the Trial balance of a trader as on 31 Dec 2019
st

Particulars Debit (Rs) Particulars Credit (Rs)

Account receivable 50,000 Sales 6,30,000
Opening stock 12,000 Discount 1,000
Investment 2,00,000 Bank loan 60,000
Purchases 1,40,000 Capital 6,00,000
Carriage on purchase 5,000 General reserve 30,000
Rent 18,000 Miscellaneous income 10,000
Salaries & benefits 45,000 Provision for bad 6,000
Land and building 5,00,000 Purchase return 10,000
Cash & bank 80,000 Interest from investment 5,000
Repairs & maintenance 15,000 Outstanding salaries & benefit 3,000
Prepaid insurance 25,000 Bank overdraft 15,000
Other fixed assets 2,50,000
Bad debts 9,000
Dock charge 1,000
Drawing 5,000
Wages 15,000
Total 13,70,000 Total 13,70,0000
Adjustments:
a. Closing stock of Rs.30,000.
b. Appreciate land & building by 10%.
c. Prepaid insurance expired to the extent of Rs.14,000.
d. Prepaid wages Rs.3,000.
Required: a) Trading account b) Profit & loss account
c) Balance Sheet 2+3+3

Best of Luck

37
 Set: D
Model Questions - 2077
Sub: Accountancy Grade: XI Time: 3 hour F.M.: 75
Candidates are required to give their answers in their own words as far as practicable. The
figures in the margin indicate full marks.
Group ‘A’
Very short questions answer 11×1=11
Attempt all questions:
1. What is accounting?
2. Write the importance of Double Entry Book-keeping System.
3. Explain the meaning of “Business Entity concept”.
4. What is trade discount?
38
5. What is Trial Balance?
6. What is depreciation?
7. Explain briefly the provision.
8. What do mean by contra entry?
9. What is petty cash book?
10.Define Bank Cash Book.
11.State the use of Budget Sheet.
Group 'B'
Short questions answer

Attempt all questions: [8×5=40]

12. a. Differentiate between the Commercial and Government Accounting. 3
b. Prepare Accounting Equation from the following details. 2
i) Commenced business with cash Rs.2,10,000 and stock of goods worth Rs.90,000.
ii) Goods sold at Rs.45,000 (cost Rs.40,000).
iii) Furniture purchased on credit Rs.1,00,000.
iv) Cash withdrawn for personal use Rs.30,000.
A) Following cash and banking transactions are given:
June 1 Cash in hand Rs.25,000; Cash at bank Rs.50,000
June 5 Received a cheque of Rs.19,000 and cash of Rs.12,000 from Mrs. Rani after
discount of Rs.1,000.
June 11 Purchased furniture through cheque Rs.60,000.
June 17 Cash withdrawn for office use Rs.10,000.
Required: Triple column cash book
3
B) Following transactions are provided:
Nov 5. Return by Naresh Store
45 pieces of T-shirts @ Rs.2,500 per piece
50 pieces of Trouser @ Rs.3,000 per piece
(Trade discount 10%)
Nov 20 Return by Rakesh Traders
80 pairs of gloves @ Rs.2,500 per pair
20 pieces of sweater @ Rs.1,800 per piece
(Trade discount 20%)
Required: Sales Return Book 2
14. On 31st Chaitra, 2076 Cash Book showed a debit balance of Rs.35,000.
(i) Cheques amounting to Rs.80,000 were issued but presented for payment of
Rs.40,000 only.
(ii) Cheque deposited into bank but not credited by bank Rs.50,000.
(iii) Bank commission charged by the bank but not credited in cash book Rs.2,000.
(iv) Interest on investment of Rs.1,500 collected by bank but not debited in cash book.

39
 (v) A cheque of Rs.2,000 was sent to bank for collection but dishonored by the bank.
Required: Bank Reconciliation statement. 5
15. A) On 31 December ,2019 Following errors were located before the preparation of trial
st

balance:
a) Furniture purchased on credit Rs.2,00,000 was recorded in the purchase book.
b) Cash sales of Rs.80,000 was recorded as credit sales of Rs.8,000.
c) Cash paid to Raja Rs.15,000 was posted to Roni’s account.
Required: Entries for rectification 3
B) Following particulars are given:
Particulars (Dr.) Rs. (Cr) Rs.
Sundry debtor 4,00,000
Provision for doubtful debts 30,000

Additional information:
(i) Bad debts written off: Rs.20,000
(ii) Create a new provision for bad debts @ 2.5% on debtors.
Required: Provision for bad debts account 2

Or,
You are given the following trail balance with adjustments. 3
Particular Dr. Amount Particular Cr. Amount
Opening stock 10,000 Sales 90,000
Purchases 68,000 Commission 20,000
Wages 9,000 Capital 1,50,000
Land & building 1,50,000 Overdraft 40,000
Debtors 20,000
Insurance 9,000
Salaries 34,000
3,00,000 3,00,000

Adjustments:
a) Prepaid insurance Rs.1,000.
b) Commission earned but not received Rs.3,000.
c) Appreciate land by 10%.
d) Closing stock Rs.10,000
e) O/s Salary Rs.1,000
Required: Adjusted Trial Balance 5
16. A company purchased a plant on 1 Jan. 2012 with Rs.7,80,000 and spent Rs.20,000 on its
st

carriage. On 1st Jan. 2013, another plant was purchased with Rs.5,50,000 and Rs.50,000
was spent on its installation. On 1 st Jan. 2014, the first plant was sold by the company at a
40
 profit of Rs.75,000. On the same date a new plant was purchased with Rs.4,85,000 and
Rs.15,000 was spent on its transportation. Accounts were closed on 31 st Dec. each year and
depreciation were charged @ 20% p.a. Original Cost Method.
Required: Plant account for first three years 5
17. Trial Balance of last year is as under:
Debit Rs. Credit Rs
Fixed Asset 400,000 Capital 500,000
Sundry Debtors 150,000 Unearned 20,000
Office expense 122,000 commission 200,000
Rent 35,000 Creditors 187,000
Audit Fees 28,000 Gross Profit
Cash at Bank 72,000
10% Investment 100,000
9,07,000 9,07,000

Additional Information:
a) Provide interest on Capital @ 2.5%
b) Bad debts written off 5% on debtors
c) Unearned Commission earned Rs.15,000
Required: 3+2
i) Profit and Loss Account
ii) Balance Sheet
18. Following information relating to a Literary society are given
Balance sheet as on 31st Chaitra 2075
Liabilities Amount Rs. Assets Amount Rs.
Outstanding creditors 850 Cash at bank 6,000
Capital fund 31,150 Government securities 20,000
Accrued interest 250
Outstanding subscriptions 800
Library books 2,000
Furniture & Fittings 2,950
Total 32,000 Total 32,000

Additional information:
Transactions for the year 2076 were:
Receipts:
Subscriptions: Rs.4,000
Entertainment and Lectures: Rs.2,000
41
Interest on securities: Rs.950
Entrance fees: Rs.1,000
Sale of old Furniture: Rs.150
Payments:
(i) Rent: Rs.1,200
Printing: Rs.300
Advertisement: Rs.400
Petty disbursement: Rs.110
Purchase of Government securities Rs.5,000
(ii) On 31st Chaitra, 2076 the following liabilities were outstanding
For printing: Rs.150
For rent: Rs.200
(iii) Other outstanding: Interest on securities: Rs.300
Subscriptions: Rs.650
Required: (i) Receipts and payments Account
(ii) Incomes and Expenditures Account
19. A) A trader started business with Rs.2,00,000 on Baisakh 1, 2075. At the end of the year
his business position is as under:
Furniture Rs.1,00,000 Creditors Rs.20,000
Debtors Rs.50,000 Stock Rs.80,000
Additional information:
(i) Bad debts Rs.5,000
(ii) Depreciate Furniture at 10% p.a.
Required: (i) Closing statement of affairs
(ii) Statement of profit and loss 1+1
B) Following transactions of District Government office are given:
i) Paid Rs.2,80,000 through cheque for purchase of Motor from Batas Auto company on
1stMangsir, 2075
ii) A cheque of Rs.20,000 was issued to Mr. Niraj Sharma, the cashier, to establish Petty
Cash Fund on 3rdMangsir, 2075
iii) Issued a payment order of Rs.25,000 for Salary and Rs.2,000 for allowance after
deducting Rs.6,000 for Provident fund, Rs.500 for income tax and Rs.1,500 on
account of salary advance of Mr. Rai on 30thMangsir 2075.
Required: Journal Voucher 1+1+1
OR

Following information are given:

Budget Heads Annual Budget (Rs.) Expenditure upto
Magh (Rs.)
Salary 10,00,000 5,00,000

42
 Office materials 1,00,000 50,000
Rent 1,20,000 70,000
Furniture 80,000 50,000
vehicle 5,00,000 2,00,000

Expenditure for the month of Falgun:

Falgun 1: Issued a cheque for purchased of furniture Rs.20,000
Falgun 5: Issued a cheque of Rs.1,00,000 for purchase of vehicle.
Falgun 18: Advance rent paid Rs.20,000
Falgun 25: Issued a cheque of Rs.35,000 for salary after deducting income tax
Rs.1,000 and Provident fund Rs.8,000
Required: Budget sheet. 5
Group 'C'
Long questions answer
Attempt all Questions [3×8=24]
20. Following transactions related to Kathmandu District Office are given:
Magh 1 Started business with cash Rs.5,00,000 and Furniture Rs.1,00,000
Magh 2 Cash purchase Rs.50,000.
Magh 13 Deposited cash in the bank Rs.1,00,000
Magh 16 Paid salaries in through cheque Rs.20,000.
Magh 19 Sold goods to Ravi Rs.15,000
Magh 20 Paid Rent Rs.20,000
Magh 23 Received cash Rs.14,000 from Ravi in full settlement of his account
Required: i) Journal entries ii) Ledger accounts iii) Trial Balance 3+4+1

21. The trail Balance of ABC Store as on 31st December,2019 is given as below:
Particulars Amount Particulars Amount
Machinery 3,60,000 Profit on Sale of Vehicle 10,000
Salary 71,000 Suppliers 96,000
COGS 7,55,000 Sales 10,53,000
Closing Stock 1,10,000 Accumulated Depreciation on Machinery 45,000

Drawing 15,000 15% Loan 56,000

10% Govt. Securities 1,20,000 Interest on securities 10,000
Oil Expenses 8,000 capital 3,50,000
Cash at Bank 40,000
Maintenance Expense 34,000
Prepaid Rent 24,000
Goodwill 48,500
43
 Customers 34,500
Total 16,20,000 Total 16,20,000
Additional Information:
a. Salaries are 80% of selling and 20% administrative.
b. Rent expires Rs.18,000.
c. Depreciation on plant @ 15%
d. Oil expenses are selling expenses.
Required: a. Income Statement based on NFRS
b. Balance sheet ON NFRS.
Or,
What is Government Accounting? Explain the features of Government Accounting system.
22. A) Following particular information of expenditure relating a government office are given
below:
Shrawan 5: Issued a cheque of Rs.5,000 as to purchase office supplies.
Shrawan 15: Advance paid to Hari of Rs.40,000 for the purchase computer.
Shrawan 25: computer bill of 42,000 submitted by Mr Hari was cleared against
computer advance of Rs 40,000 and balance was paid.
Shrawan 28: Issued a cheque for salary of Rs.60,000 for the month of Shrawan after
deducting provident fund of Rs.14,000 and income tax Rs.3,000.
Required: Post the transactions into bank cash book. [4]
B) Following particulars are given:
Budget Heads Annual Budget Expenditure up to Expenditure of
(Rs.) Falgun (Rs.) Chaitra (Rs.)
Salary 1,80,000 1,20,000 15,000
Allowance 60,000 40,000 5,000
Rent 36,000 24,000 3,000
Office Suppliers 48,000 32,000 4,000
Electricity and telephone 24,000 16,000 2,000
Furniture 96,000 70,000
Total 4,44,000 3,02,000 29,000
Additional Information:
(ii) Unclear rent advance Rs.2,000
Required: Statement of expenditure. [4]

Set: E
Model Questions - 2077
Sub: Accountancy Grade: XI Time: 3 hour F.M.: 75
44
Candidates are required to give their answers in their own words as far as practicable. The
figures in the margin indicate full marks.
Group ‘A’
Very short questions answer 11×1=11
Attempt all Questions
1. What is accounting?
2. Mention any two importance of accounting.
3. Write the meaning convention of consistency concept.
4. Define subsidiary book.
5. What is bearer cheque.
6. Define Trial balance.
7. Write about errors of compensating.
8. What is provision?
9. Define operating level accounting.
10. What is new accounting system
11. Define Budget sheet.
Group B
Short Answer Questions
Attempt All Questions: [8×5=40]
12. A. Define double entry system. Write any two features of double entry system. (3)
B. The following transition is given to you.
a). Started business with bank Rs 5, 00,000 and furniture Rs 30,000
b). Goods purchased on cash Rs. 60,000 and Rs. 10,000 on credit.
c). furniture costing Rs. 30,000 sold at a profit of Rs. 5,000.
d). Good lost by fire Rs. 10,000
Required: Accounting Equation (2)
13. A. Following information are given to you:
2060, Baisakh 5: Sold to B & B Markets.
35kg tea @ Rs.200 per kg
80kg sugar @ Rs.30 per kg, less 10% trade discount.
2060, Baisakh 10: Sold to X&Y traders on cash
90kg tea @ Rs.190 per kg
2060, Baisakh 20: Sold to Karan & co.
300lbs coffee @ Rs.20 per lb
1000kgs sugar @ Rs.29 per kg
(less: Trade discount @ 10%)
Required: Sales Book (2)
B. Following Cash and Bank transactions are given.
Falgun – 1 Cash in hand Rs. 80,000 and bank balance Rs. 1, 50,000
Falgun – 5 Goods purchased for Rs. 50,000
Falgun – 10 Cash paid to creditors Rs. 5,400 after deducting 10% discount
Falgun – 20 Cash deposited into the bank Rs. 10,000
Required: Triple Column Cash Book. [3]
14. On 31st December, balance as per cash book was of Rs. 40,000. Ongoing through the pass
book, the following discrepancies were observed.
45
 a) Various cheques of RS. 60,000 were issued for payments but cheques of Rs. 40,000 not
presented for payment.
b) Bank credited Rs. 20,000 only out of various cheques of RS. 30,000 deposited into bank.
c) Rs. 500 debited as bank charge in Pass Book but not recorded in Cash Book.
d) A cheque of Rs. 5,000 was directly deposited by a customer into bank but recorded in
cash book Rs 500.
Required: Bank Reconciliation Statement. [5]
15. A. Following error were located before the preparation of trial balance:
a. Wage paid for installation of machinery Rs 18,000 but wrongly debited in wage
account.
b. Purchased goods from Shyam of Rs 10,000 but wrongly passed through sales book.
c. Salary paid Rs 2,000 but wrongly debited in wage account.
Required: Entries for Rectification [1+2+1]
B. Following information is given:
Provision for bad debt at the beginning year Rs 2,500
Closing debtors Rs 1, 40,000
Maintain provision for bad debt @ 2% after writing off further bad debt Rs 5,000.
Required: Provision for Bad Debt Account [2]

OR
You are given the following Trial balance with adjustments:
Particulars Dr. Amt. Particulars Cr. Amt.
Opening Stock 3,000 Capital 90,000
Purchases 30,000 Creditors 25,000
S. Debtors 28,000 10% Loan 22,000
General Expenses 1,000 Sales 38,000
Salary 25,000
Wages 8,000
Land 80,000
Total 1,75,000 Total 1,75,000
Adjustments:
e. Pre-paid salary Rs. 5,000.
f. Appreciate land by 10%
g. Write off bad debt Rs. 2,000
h. Outstanding interest on loan Rs 2200
Required: Adjusted Trial Balance [5]
16. A company purchased a vehicle costing Rs. 4, 00,000 on 1st kartik 2074. The company
adopts straight line method with 10 % depreciation rate. On 1st Baishak 2076, the Company
decided to change the depreciation according to diminishing balance method with effective
from 1st kartik 2074 @ 15% per annum (Retrospective). The accounts are closed on 31st
Chaitra of each year.
Required: Vehicle Account for first three years. [5]
17. The Trial Balance of firm As on 31st Chaitra 2077 is given below:
Particular DR(Rs.) Particular CR (Rs.)
Purchase 4,00,000 Sales 5,00,000
Opening Stock 20,000 Discount 2,000
46
 Wages 10,000 Share Capital 2,30,000
Debtors 78,000 Bank Loan 50,000
Machinery 2,50,000 Sundry creditors 50,000
Salaries 70,000
Prepaid insurance 4,000
Total 8,32,000 Total 8,32,000
Additional information’s:
i. Wages payable Rs.2, 000
ii. Prepaid insurance expired to the extent of Rs.3, 500
iii. Depreciate on Machinery @10% p.a
Required: i. Statement of profit or loss as per NFRS
ii Statement of financial position as per NFRS

18. Following information relating to a Literary Society are given:

Balance Sheet as on 31st Chaitra 2076

capital &liabilities Amount Assets Amount
capital fund 31,150 Cash at bank 6,000
outstanding creditors 850 Government securities 20,000
Accrued interest 250
Outstanding subscriptions 800
Library books 2,000
Furniture & Fittings 2,950
Total 32,000 Total 32,000

Addition information:
Transactions for the year 2077 were:
Receipts:
Subscriptions: Rs. 5,000
Entertainment and Lectures: Rs. 2,000
Interest on securities: Rs. 950
Entrance fees: Rs. 1000
Sale of old Furniture: Rs. 150
Payments:
Rent: Rs. 1200
Printing: Rs. 300
Advertisement: Rs.400
Petty disbursement: Rs. 110
Purchase of Government securities: Rs. 5,000
st
i). On 31 Chaitra, 2077 the following liabilities were outstanding.
For printing: Rs. 150
For rent: Rs.200
ii. Other outstanding:
Interest on securities: Rs.300
47
 Subscriptions: Rs.650
Required:
a. Receipts and Payments Account
b. Income and Expenditure Account [2+3=5]
19. A) Mr. Rohit, who keeps his books of accounts under Single Entry System, started business
within own building of Rs. 1,50,000 and bank balance of Rs.50,000 on 1 st Baishakh 2077.
On 31st Chaitra 2077 his financial position depicts as under:
Sundry debtors: Rs.15, 000 Cash at bank: Rs.30, 000
Stock in trade: Rs.25, 000 Creditors payable: Rs.30, 000
Drawing during the year: Rs.18, 000
Addition information:
Further investments: Rs.25, 000.
Depreciate building: @10% p.a.
Required: Statement of Affairs at Close
Statement of Profit and Loss [2]
B) Following transactions of District Education office, Parbat are given:
Baishak: 1 Issued a payment order of Rs. 10,000 for purchase of office materials.
Baishak: 5 Rent paid through cheque for the month of Chaitra, Baishak and Jestha @
10,000 per month.
Baishak: 30 Out of total salary of the month of Baisakh Rs 2, 20,000 (with govt.
contribution) were distributed after deducting Rs. 40,000 for provident fund and Rs.5, 000
for income tax.
Required: Journal voucher [1+1+1=3]

OR
Following information is given:
Budget Sub- Heads Annual budget Expenses up to falgun
Employee remuneration 8,00,000 4,00,000
Office materials 1,20,000 60,000
House rent 1,40,000 80,000
Furniture and fitting 80,000 35,000
Vehicles 5,00,000 3,50,000

Expenditures for the month of Chaitra:

Chaitra 1: Purchase furniture Rs 10,000
Chaitra 5: Purchase vehicles of 1, 00,000
Chaitara 10: advance rent paid for Rs 10,000
Chaitra 28: Distributed Rs 35,000 for employees remuneration after deducting income tax
Rs 1,000 and P.f Rs 8,000
Required: Budget Sheet (5)
“Group C”
Long Answer Questions
Attempt All Questions: [3×8=24]
20. The following transactions are given to you:
Jan 1: Started business with cash balance Rs 2, 20,000 and bank balance Rs 80,000.

48
 Jan 2: Purchased machinery of Rs 25,000 and paid Rs 5,000 on cash and Rs 20,000
through cheque.
Jan3: Rent paid on cash Rs 10,000.
Jan 4: Purchased goods of Rs 20,000 on credit.
Jan 5: Depreciation charge on machinery Rs 3,000
Required: a) Journal entries b) Necessary ledger account c) Trial balance [3+4+1]
21. A). the transaction are given to you
. Chaitra 15: Purchased office materials for Rs.15, 000
Chaitra 22: TADA advance of Mr. Malla of Rs.12, 000 is cleared as he submitted the bill of
Rs.13, 500 for actual expenditure.
Chaitra 28: Issued cheque Rs.35, 000 for salary and Rs.5, 000 for allowance after
deducting Rs. 8,000 for Provident Fund and Rs.1, 000 for Income Tax.
Required: Bank cash book [1+1+2]
Budget Head Annual Budget Expenditures up to Expenses of
(Rs) Bhadra Aswin
Salary 3,40,800 52,800 50,400
Allowance 72,000 12,000 12,000
Telephone 50,000 14,000 4,000
Furniture 60,000 20,000
Vehicle 1,60,000 - 1,50,000
B). Following information is given below:

Additional Information:
a. Uncleared advance of vehicles Rs.1,50, 000
Required: Statement of Expenditures for the month of Aswin (4)
OR
Define Treasury Single Account (TSA) system. Write any three features and objectives of TSA.
(2+3+3]
22. The Trail Balance of a trading concern as on 31 st Chaitra 2076 is given below:

Particulars Debit Rs. Credit Rs.

Opening stock 2,00,000 -
Purchases 3,00,000 -
Carriage 20,000 -
Debtors 30,000 -
Furniture 30,000 -
Machinery 2,00,000
Equipment 60,000 -
Cash 30,000 -
Bank balance 70,000 -
Salaries 50,000 -
49
Wages 30,000 -
Capitals 2,00,000
Bank loan 70,000
Sales 7,50,000
Creditors 60,000
Commission 13,000
Insurance 10,000 -
Rent paid 60,000 -
Discount allowed 3,000 -
Total 10,93,000 10,93,000

Adjustments:
a. Wages Rs. 2,000 and salaries Rs. 3,000 are to be paid.
b. Prepaid insurance Rs.2, 000.
c. Bad debts Rs. 5,000.
d. Charge depreciation 10% on machinery, 5% each on furniture and equipment.
e. Interest on bank loan due Rs. 3,000.
f. Closing stock on 31st Chaitra Rs 2, 00,000.
Required:
A) Trading Account b) Profit and loss Account c) Balance sheet [2+3+3]

Set: F
Model Questions - 2077
Sub: Accountancy Grade: XI Time: 3 hour F.M.: 75
Candidates are required to give their answers in their own words as far as practicable. The
figures in the margin indicate full marks.
Group ‘A’

50
 Very short questions answer 11×1=11
Attempt all questions:
1. Define book-keeping.
2. Define double entry system of accounting.
3. What is revenue concept of accounting?
4. Write the meaning of trial balance.
5. What is dishonor of cheque
6. Define compensating errors.
7. Write the meaning of reserve.
8. What is capital expenditure and revenue expenditure?
9. Define government accounting.
10. Define bank cash book.
11. Write the parts of budget sheet.
Group B
Short Answer Questions
Attempt All Questions: [8×5=40]
12. A. writes the rules of debit and credit under modern approach. (3)
B. The following transition is given to you.
a). commenced a business with cash Rs.2,00,000 and furniture Rs. 50,000.
b). Goods purchased on cash Rs. 10,000 and Rs. 20,000 on credit.
c). paid rent of Rs. 20,000.
d). Good costing Rs. 20,000 sold at Rs. 15,000.
Required: Accounting Equation (2)
13. A. Following cash and banking transactions are given to you.
July 1: opening balance of cash and bank Rs. 50,000 and Rs. 80,000 respectively.
July 5: sold goods Rs. 10,000 on cash and Rs. 50,000 on credit.
July 10: cash withdrawn from bank rs 20,000.
July 18: cash received from debtors Rs. 45,000 in full settlement.
Required: Triple Column Cash Book [3]

B Following information are given to you.

Jestha 7 sold to Hamro stationery.
100 pcs of accountancy book @ Rs. 600 per piece.
60 copies economics book @ Rs. 300 per book.
(Trade discount 10% )
Jestha 10 sold machinery of Rs. 2, 00,000 on credit.
Jestha 20 Sold to Himal books suppliers.
5 dozen exercise books @ Rs. 150 per book
50 pcs of marketing books @ Rs. 200 per book.
Required: Sales book. (2)
14. The following information are given to you.
a) Cash book showed a debit balance of Rs 1,00,000.
b) Various cheques amounting Rs. 40,000 were issued but a cheque Rs 10,000 was not
cashed.
c) Bank charge Rs. 500 charged by the bank but not recorded in cash book.
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 d) A customer has directly deposited into bank of Rs. 20,000 but not recorded in cash
book.
Required: Bank Reconciliation Statement. (5)
15. A. Following error were located before the preparation of trial balance.
a. sold goods to Hari of Rs. 20,000 recorded Hari’s account as Rs. 2,000.
b. salary paid to Rama of Rs. 40,000 was wrongly debited to Rama account.
c. purchase furniture of Rs. 50,000 wrongly dwbited to purchase account.
Required: Entries for Rectification (3)
B. Following information is given:
i. Opening balance of provision for bad debt Rs. 30,000.
ii. Closing balance of debtors Rs. 1,10,000.
iii. Provision for bad debt @ 5% after writing off bad debt Rs. 10,000.
Required: Provision for Bad Debt Account (2)

OR
The unadjusted trial balance is given below.following
Particulars Debit(Rs) Particulars Credit(Rs)
Purchase 1,00,000 Capital 1,50,000
Equipment 2,00,000 Sales 1,80.000
Salaries 50,000 Bank loan 1,20,000
Rent 60,000 commission 20,000
Debtors 40,000 Creditors 40,000
Furniture 60,000

Total 5,10,000 Total 5,10,000

Adjustments:
i. Depreciation on equipment @ 10%.
j. Unearned commission of Rs. 5,000.
k. Rent paid in advance of Rs. 10,000.
l. Provision for bad debt @ 10%.
Required: Adjusted Trial Balance (5)
16. A company purchased a furniture of Rs. 2,00,000 on 30st Ashwin 2073. Depreciation is to
be charged @ 15% per annum under diminishing balance method. The account are closed
on 31st Chaitra each year. On 1st Baishakh 2075 the company change the depreciation
method to straight line method with effective from 30th Ashwin 2073 @ 10% per annum
(Retrospective).
Required: Vehicle Account for first three years. (5)

17. The Trial Balance of a Trader As on 31 st Chaitra 2076 is given below:

Particular DR(Rs.) Particular CR (Rs.)
Opening stock 50,000 Sales 4,00,000
purchase 2,50,000 Capital 2,00,000
Wages 40,000 Bank loan 1,00,000
salaries 80,000 Creditors 30,000
Machinery 2,00,000 Commission 20,000
Debtors 80,000
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 Rent 50,000
Total 7,50,000 Total 7,50,000
Additional information:
Closing stock Rs. 40,000
Required: a) Statement of profit or loss
b) Statement of financial position [2.5+2.5=5]

18. The following information relating to a club.

Balance Sheet as on 1st Baishakh 2077

Capital/Liabilities Amount Assets Amount

Capital fund 3,00,000 Equipment 2,00,000

Creditors 40,000 Subscription due 60,000
Advance subscription 10,000 Cash balance 90,000

Total 3,50,000 Total 3,50,000

Receipt and payment Account

Dr. For the year ended 31-12-2077 Cr
Receipts Amount Payment Amount
TO balance b/d 90,000 By salaries 70,000
To subscription 2,00,000 By creditors 20,000
To donation 50,000 By equipment 1,00,000
By balance c/d 1,50,000
Total 3,40,000 Total 3,40,000

Additional information:
a. Depreciation on equipment @ 15% p.a.
b. Prepaid salary of Rs. 10,000.
c. Subscription due for the current year Rs. 40,000.
d. 50% donation is to be capitalized.
Required: a. income and expenditure account
b. Balance sheet (3+2)

19. A) Mr. Shakya, who keeps his accounts under Single Entry System. He started a business
with bank balance of Rs. 50,000 and machinery of Rs.2,00,000 on 1 st january 2020. At the
end of the year his financial position as under:
Stock: Rs. 50,000 Rent payable: Rs. 20,000 Bank loan: Rs.60,000
Cash in hand: Rs.80,000 Debtors: Rs. 30,000
Addition information:
a. He withdrew Rs. 1,000 per month for personal use

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 b. Depreciation on machinery @ 10% p.a.
Required: a. closing statement of affairs
B Statement of Profit and Loss [1+1]
B) Following transactions of District Health office, Kavre are given
Ashwin: 1 Issued payment order Rs. 80,000 for payment of office supplies
Ashwin: 5 Total salary of Bhadra of Rs. 1, 10,000 including government
contribution to distributed after deducting provident fund as per the rule, income tax Rs.
10,000 and Social security tax Rs. 20,000.
Ashwin: 30 paid rent for the months of Ashwin, Kartik and Marga @ Rs. 80,000 per month.
Required: Journal voucher [1+1+1=3]

OR
Following information is given:
Budget Sub- Heads Annual budget Expenses up to Kartik
Salaries 5,00,000 2,00,000
Furniture 1,00,000 60,000
House rent 1,60,000 1,00,000
Fuel 1,00,000 70,000
Insurance 50,000 30,000

Expenditures for the month of Marga:

Marga 1: Purchase furniture Rs 30,000
Marga 6: Purchase fuel of Rs. 20,000.
Marga 18: house rent paid of Rs. 40,000.
Marga 27: Distributed Rs 70,000 for employees’ salaries after deducting income tax Rs
2,000 and P.f Rs 16,000.
Required: Budget sheet (5)

“Group C”
Long Answer Questions
Attempt All Questions: [3×8=24]
20. The following transactions are given to you:
a. Started a business with cash Rs.2,00,000 and furniture Rs. 50,000.
b. Sold goods for Rs.70,000.
c. Purchase goods from Ram Rs. 90,000.
d. Cheque paid to Ram Rs.50,000.
e. Again purchase goods from Ram Rs. 45,000.
f. Cash paid to Ram Rs. 80,000 in full settlement.
Required: a) Journal entries b) Necessary ledger account c) Trial balance [3+4+1]
21. The trial balance of Sital Enterprises as on 31 st December 2020 is given below.
Particular Amount Particular Amount
purchase 2,00,000 sales 6,00,000
opening stock 50,000 capital 3,00,000
carriage 50,000 10% bank loan 1,00,000
wages 30,000 Interest on investment 15,000
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 rent 40,000 commission 25,000
Interest on loan 6,000 Outstanding expenses 5,000
10% investment 2,00,000 Return 10,000
Sundry debtors 1,10,000 Provision for bad debt 8,000
Return 20,000 creditors 10,000
Bad debt 5,000 Discount on purchase 18,000
Prepaid insurance 30,000
Machinery (1st july 020) 2,00,000
Trade expenses 20,000
Establishment expenses 30,000
Goodwill 1,00,000
Total 10,91,000 Total 10,91,000
Additional information:
a. Closing stock is valued at Rs. 1, 50,000.
b. Depreciation on machinery @ 10% p.a. & write off 1/4 th of goodwill.
c. Outstanding wages Rs. 5,000.
d. Prepaid insurance expired to the extent of Rs. 10,000.
e. Write off bad debt Rs. 10,000 and create provision for bad debt @ 5%.
. Required: a. Trading Account b. Profit and Loss account c. balance Sheet (2+3+3)
OR
What do you mean by government accounting? Explain any five objectives of government
accounting. (3+5)
A. The following transactions are given to you:
Chaitra15: issued a cheque of Rs. 50,000 for purchase of machinery.
Chaitra 24: Mr. shyam’s advance cleared of Rs. 45,000 against the submission of
Rs.40,000 For purchase of machinery after necessary adjustment.
Chaitra 29: distributed total salary of Rs. 99,000 after deducting provident fund Rs.
18,000 and income tax Rs. 6,000.
Required: Bank cash book (4)
(B). the following information is given to you:

Budget heads Annual budget Expenditure of Chaitra Expenditure up to

Falgun
Salary 1,50,000 10,000 70,000
Water and electricity 12,000 2,000 5,000
House rent 15,000 3,000 6,000
Travelling expenses 35,000 4,000 8,000
Furniture and fixture 1,80,000 10,000 60,000
Machinery 2,00,000 10,000 40,000
Additional information:
a. Uncleared advance on purchase of furniture Rs. 15,000.
Required: statement of monthly expenditure report [4]

Best of luck

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