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AHSEC Class 11 Accountancy Question Paper 2021
AHSEC
CLASS 11 QUESTION PAPERS
ACCOUNTANCY'
2021
Full
Marks: 100
Pass
Marks: 30
Time:
Three hours
The
figures in the margin indicate full marks for the questions
1. (a) Fill in the blanks
(any
four): 1x4=4
(1) Accounting
is the _______ of business.
(2) Salary
paid to Mohan will be debited to _______ Account.
(3) Trading
Account is a _______ Account.
(4) Under
Single-entry System, Profit = Closing Capital + Drawings – Additional Capital –
_______.
(5) _______
is called the brain of the computer.
(6) Only
_______ transactions are recorded in cashbook.
(b) State whether the
following statements are True or False (any
four): 1x4=4
(1) As
per Dual Aspect Concept, Assets = Liabilities – Capital.
(2) Accountants
regard a business separate from its owners.
(3) Assets
Account always shows debit balance.
(4) The
full form of AIS is Accounting Information System.
(5) Three
days are given as ‘days of grace’ to a bill.
(6) Depreciation
is a non-cash expense.
2. Mention two advantages
of
accounting. 2
Or
Mention two qualitative
characteristics of accounting information.
3. What is going-concern
concept? 2
Or
What is accrual basis of
accounting?
4. What is meant by a
voucher? 2
Or
Why is Journal called ‘book
or original entry’?
5. Give two limitations of
Balance
sheet. 2
Or
Give two examples of
current liabilities.
6. What is meant by
‘database’? 2
Or
Give two limitations of
single-entry system.
7. Distinguish between Bill
of Exchange and Promissory
Note. 3
Or
What are the parties to a
Bill of Exchange?
8. Mention three advantages
of Bank Reconciliation
Statement. 3
Or
Write three differences
between Purchase Book and Purchase Account.
9. Mention three
distinctions between Journal and
Ledger. 3
Or
Write three features of
Profit & Loss A/c.
10. Define the terms
‘entity’ and ‘relationship’ in database
accounting. 3
Or
Write three features of
computerized accounting system.
11. Explain three
objectives of Trial
Balance. 3
Or
Explain briefly the methods
of preparing a Trial Balance.
12. What is accounting?
What is the need for accounting? 1+4=5
Or
Explain the following terms: 5
(a) Transaction.
(b) Asset.
(c) Liability.
(d) Capital.
(e) Profit.
13. What do you mean by
accounting principles? Explain the business entity
concept. 2+3=5
Or
Write five advantages of
double-entry
system. 5
14. Define Ledger. What is
meant by Ledger
posting? 2+3=5
Or
Record the following
transactions in a Sales
Book: 5
|
2019 April
1 April
10 April
15 April
20 |
Sold
in cash 50 shirts @ Rs. 500 each to Ram. Sold
on credit to Arnab 20 trousers @ Rs. 1,000 each. Sold
on credit to Ayushi 10 jeans @ Rs. 1,200 each. Sold
on credit to Nidhi 30 frocks @ Rs. 600 each. |
15. What do you mean by
error in accounting? What is its
classification? 1+4=5
Or
Journalize the following
transactions:
|
2019 December
1 December
2 December
3 December
4 December
5 |
Started
business with cash Rs. 40,000. Bought
furniture Rs. 5,000. Purchased
goods from Joshi on cash Rs. 6,000. Purchased
goods from Joshi Rs. 3,000. Sold
goods to Naresh Rs. 5,000. |
16. On June 15, 2019,
Jonaram drew a bill on Sonaram for Rs. 4,000 payable after three-months. After
the acceptance of the bill, Jonaram discounted it with his banker at 10% p.a.
On the due date, the bill was dishonoured. Journalize the above transactions in
the books of Jonaram. 5
Or
Write short notes on the
following: 2+2+1=5
(a) Endorsement
of a bill.
(b) Accommodation
bill.
(c) Bearer
cheque.
17. Give five distinctions
between Statement of Affairs and Balance Sheet. 5
Or
Give five distinctions
between Capital Expenditure and Revenue Expenditure.
18. What are the features
of Accounting Information
System? 5
Or
Discuss the advantages of
using computers in accounting.
19. Explain the points of
non-agreement of the bank balance as shown by cashbook with that of
passbook. 8
Or
Enter the following
transactions in a Triple-column Cashbook:
|
2018 January
2 January
3 January
4 January
10 January
15 January
20 January
31 |
Started
business with cash Rs. 20,000. Deposited
cash into bank Rs. 18,000. Bought
goods by cheque Rs. 15,000. Drew
from bank for personal use Rs. 2,000. Sold
goods and cheque received, which was deposited into bank on the same day Rs.
8,000. Drew
cash from bank for office use Rs. 5,000. Received
from Hari, who owed Rs. 300, cash Rs. 290 in full settlement of account. |
20. On 1st January,
2015, a firm purchased a machinery worth Rs. 50,000. On 1st July,
2017, an additional machinery worth Rs. 10,000 was purchased and incurred Rs.
1,000 towards installation charges. Accounts are closed on 31st December
every year. Annual rate of depreciation is 10% under reducing balance method.
Prepare the Machinery A/c from 1st January, 2015 to 31st December,
2019 in the books of the
firm. 8
Or
Explain in brief (any
two): 4x2=8
(a) Provision.
(b) Reserve.
(c) Revenue
Reserve.
(d) Capital
Reserve.
21. (a) How is profit or
loss ascertained by Statement of Affairs method in case of incomplete
records? 4
(b) Mention four points of
difference between Single-entry System and Double-entry
System. 4
Or
From the following
information, prepare necessary accounts to ascertain the amount of credit
sales: 5+3=8
|
Rs. |
|
|
Balance
of Debtors on 01/01/2020 Balance
of Bills Receivable on 01/01/2020 Cash
received from Debtors during the year 2020 Cash
received against Bills Receivable Bad
Debts written off Return
Inward Discount
Allowed to Debtors Balance
of Debtors on 31/12/2020 Balance
of Bills Receivable on 31/12/2020 |
1,20,000 30,000 3,00,000 80,000 10,000 30,000 3,000 1,00,000 24,000 |
22. From the following
balances, prepare a Trading A/c and Profit & Loss A/c for the year ended 31st March,
2020 and a Balance Sheet of Mr. Choudhary as on that date: 2+4+2=8
|
Debit |
Rs. |
Credit |
Rs. |
|
Purchases Carriage
Inward Carriage
Outward Wages Coal,
Gas Salaries Office
Expenses Discount Sundry
Debtors Bad
Debts Building Cash
in Hand |
60,000 2,000 1,000 5,000 1,000 6,000 1,500 500 24,000 1,000 10,000 2,500 |
Sales Bills
Payable Sundry
Creditors Commission Bad
Debts Recovered Bank
Interest Received Capital |
70,000 7,000 20,000 500 500 100 16,400 |
|
1,14,500 |
1,14,500 |
Adjustments:
(1) Closing
Stock Rs. 15,000.
(2) Salaries
Outstanding Rs. 500
-000-