AHSEC Class 11 Accountancy Question Paper 2023 [HS First Year Accountancy Question Paper 2023]

Are you preparing for the AHSEC Class 11 Accountancy exam? If yes, then you must be wondering how to access AHSEC Class 11 Accountancy Question Paper 2023 and score high marks. Well, you are not alone. Many students find accountancy a challenging subject that requires a lot of practice and revision. But don't worry, we are here to help you with HS First Year Accountancy Question Paper 2023 that will make your preparation easier and more effective by Practicing this Paper.

Overview & Highlights : 

Name of Board: AHSEC

Subject: Accountancy 

Year: 2023

Class: Class 11 (HS First Year) 

Type: Text 

Official website: ahsec.assam.gov.in

Category: AHSEC Class 11 Accountancy Question Papers

AHSEC Class 11 Accountancy 
Question Paper 2023 

2023

Accountancy

Full Marks: 100

Pass Marks: 30

Times: 3 hours

The figures in the margin indicate full marks for the questions

1. Answer the following as directed: 1x6=6

(a) Accounting starts where Book-keeping _______. (Fill in the blank with appropriate word/ words)

(b) Building is ______Account. (Fill in the blank with appropriate word/ words)

(c) "All events are transactions, but all transactions are not events."(State whether the statement is True or False)

(d) Purchases Book records all ________purchases. (Fill in the blank with appropriate word/ words)

(e) Depreciation is a loss in the value of assets. (State whether the statement is True or False)

(f) In India, Goods and Services Tax was introduced with effect from the date _________. (Fill in the blank with appropriate word/ words)

2. Mention any two objectives of Goods and Services Tax. 2

3. What is GAAP? 2

4. Mention any two features of a voucher.  2

5. What is Trial Balance?  2

6. Explain any three causes of depreciation. 3

Or

Explain any three distinctions between Provision and Reserve.

7. Explain any three distinctions between a Bill of Exchange and a Promissory Note. 3

Or

Briefly explain the meaning of the accommodation bill.

8. Explain any three distinctions between Capital Expenditure and Revenue Expenditure. 3

Or

Briefly explain the meaning of marshalling of assets and liabilities in Balance Sheet.

9. Explain any three disadvantages of accounting from incomplete records. 3

Or

Explain any three distinctions between Double-entry System and Single-entry System of Book-keeping.

10. Explain any five distinctions between Manual Accounting and Computerized Accounting. 5

Or

Briefly explain the role of computer in accounting.

11. Mention any five advantages of database management system. 5

Or

Write a brief note on the structure of database management system (DBMS).

12. Explain any five distinctions between Cash basis and Accrual basis of accounting. 5

Or

What is Balance Sheet? Explain any three needs of Balance Sheet. 2+3=5

13. Pass Journal Entries to rectify the following errors: 5

(i) An amount of 5,000 was received for rent from Hari but was wrongly credited to Hari's Personal Account.

(ii) An amount of F3,000 was paid for repairs to motorcar was debited to Motorcar Account as 5,000.

Or

Explain the meaning and uses of Suspense Account. 3+2=5

14. Naren drew a bill on Haren for Rs. 10,000 payable after three months. Haren accepted the bill. Show Journal Entries in the books of Naren under each of the following circumstances, if the bill is honoured on due date:

(i) Naren retains the bill till the due date.

(ii) Naren discounts the bill with his banker for Rs. 9,500.

(iii) Naren endorses the bill to his creditor Amitav in settlement of his debt.

(iv) Naren sends the bill to his banker for collection.

Or

Explain the qualitative characteristics of Accounting Information.

15. Jagadish, who maintains his books under Single-entry System, started business on 1st April, 2021 with Rs. 50,000 as his capital. Immediately, he purchased furniture worth Rs. 12,000. During the year, he took loan from his wife Rs. 30,000 and he himself introduced additional capital of Rs. 19,000. He withdrew Rs. 1,000 at the end of each month for his personal expenses. On 31st March, 2022, his position was as follows:

Particulars	Amount (Rs.)
Cash in Hand Cash at Bank Sundry Debtors Stock on Trade Bills Receivables Sundry Creditors Outstanding Salaries	2,000 16,000 29,000 40,000 10,000 4,000 1,000

Ascertain his profit or loss during the year ended 31st March, 2022.

Or

From the following information, ascertain Total Purchases:

Opening Balances:

Bills Payable – 30,000

Creditors – 40,000

Closing Balances:

Bills Payable – 35,000

Creditors – 45,000

Cash paid to creditors during the year – 1,60,000

Bills Payable discharged during the year – 50,000

Returns Outwards – 5,000

Discount Received – 2,000

Cash Purchases – 1,00,000

16. Prepare a Triple-column Cashbook from the following particulars: 8

Date	Particulars	Amount (Rs.)
2022 March, 1 2 3 4   12 15 20   26 29 31	Started business with cash Deposited cash into bank Bought goods by cheques Received cash from Rajib and allowed him discount Sold goods for cash Paid into bank Paid to Ramu by cheque and discount received Paid rent by cheque Drew from bank for office use Paid salaries in cash	50,000 20,000 2,000 1,000 100 5,000 1,000 2,000 200 1,500 1,300 1,500

Or

From the following particulars of Ramendra Barua, prepare a Bank Reconciliation Statement as on 31st March, 2022:

(i) Bank overdraft as per Cashbook – Rs. 6,000.

(ii) Cheques issued but not presented for payment to the bank – Rs. 1,500.

(iii) Interest on overdraft Rs. 250 and bank charges Rs. 100 debited in the Passbook but not recorded in Cashbook.

(iv) Dividend collected and credited by bank in the Passbook but not recorded in the Cashbook – Rs. 600.

(v) A cheque of Rs. 1,000 deposited in bank and credited in the Passbook, but the same was not recorded in the Cashbook.

17. On 1st January, 2018, Barua Traders purchased Machinery for Rs. 96,000 and paid Rs. 4,000 carriage charges. On 1st July, 2020, they purchased another machine costing Rs. 30,000. The rate of depreciation charges on Machinery was 10% per annum on reducing balance method. Accounts are closed on 31st December each year.

Show Machinery A/c and Depreciation A/c in the books of Barua Traders for four years up to 2021. 8

Or

From the following particulars, prepare an Analytical Petty Cash book for the week ending 15th of January, 2022:

Date	Particulars	Amount (Rs.)
2022 January, 8 8 9 9 9 11 11 12 12 13 14 15	Balance of cash in hand with the petty cashier Bought postage and stamps Paid for coolie charges Received from head cashier Paid for carriage Paid for postage Paid for bus fare for office peon Received from head cashier Paid for printing and stationery Paid for cleaning office premises Paid for taxi hire charges for manager Paid for carriage of goods	500 150 100 1,000 120 160 100 500 180 60 200 170

18. From the following Trial Balance of Sitaram Choudhury as on 31st March, 2022 and the additional information, prepare a Trading and Profit & Loss A/c for the year ended 31st March, 2022 and a Balance Sheet as on that date: 8

Trial Balance

Particulars	Amount (Rs.)	Particulars	Amount (Rs.)
Opening Stock Purchases Carriage Inwards Carriage Outwards Wages Coal and Gas Salaries Office Expenses Discount Debtors Bad Debts Machinery Cash in Hand Cash at Bank Furniture Drawings	10,000 70,000 2,000 1,000 5,000 1,000 6,000 1,500 500 24,000 1,000 10,000 1,500 2,000 6,000 1,000	Sales Bills Payable Purchase Returns Creditors Sundry Receipts Bad Debt Recovered Interest Received Commission Received Loan Capital	80,000 7,000 10,000 20,000 500 500 500 2,000 5,000 17,000
1,42,500	1,42,500

Adjustments:

(i) Closing Stock as on 31st March, 2022 was Rs. 30,000.

(ii) Depreciation is to be provided as follows:

On Machinery @ 10%

On Furniture @ 5%

(iii) Outstanding Salaries Rs. 2,000 and Prepaid Wages Rs. 1,000.

 

-0000000-

DOWNLOAD SOLVED PDF

I Hope you Find this Question Paper Helpful, for more such Questions Papers, Notes & Complete Notes of Commerce visit our website Daily and don't forget to share with your friends, Thank you for Visiting ❤️