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AHSEC Class 11 Accountancy Question Paper 2022
AHSEC
CLASS 11 QUESTION PAPERS
ACCOUNTANCY'
2022
Full
Marks: 100
Pass Marks:
30
Time:
Three hours
The
figures in the margin indicate full marks for the questions
1. Fill in the
blanks/Choose the correct answer/Write True or False of the
following: 1x8=8
(a) Accounting
records only the transactions of _______ nature.
(b) The
convention of conservation results in under-statement of _______.
(c) The
rule for Personal Account is _______ the receiver and _______ the giver.
(d) Trial
Balance is an account / a statement / an information.
(e) The
sale value of an asset after it becomes useless is called _______.
(f) A
bill of exchange is a conditional document.
(g) Outstanding
rent is a revenue / liability.
(h) The
full form of CPU is _______.
2. Define
Accounting. 2
3. What is entity
assumption? 2
4. What is the principle of
double-entry system of
book-keeping? 2
5. What is Suspense
Account? 2
6. What is the function of
Provision for Bad and Doubtful
Debts? 2
7. Write three distinctions
between Bill of Exchange and Promissory
Note. 3
8. What is meant by
adjustment entry in final accounts? Give two examples of adjustment
entry. 3
9. Write three limitations
of incomplete
records. 3
Or
Mention three qualitative
characteristics of accounting information.
10. Explain money
measurement
concept. 3
11. Explain three benefits
of computerized accounting
system. 3
Or
Write three uses of
database management system.
12. What is accounting
standard? Mention its three
importances. 5
13. Show the distinction
between Journal and Ledger. 5
Or
From the following
particulars, prepare Sales Book of M/s Sharma Enterprise, deals in furniture:
|
Date |
|
|
March
6 |
Sold
on credit to Bimal Stores 5
almirah @ Rs. 650 5
tools @ Rs. 50 Less:
5% Trade Discount |
|
March
12 |
Sold
to Bora Furniture House 100
chairs @ Rs. 75 40
tables @ Rs. 60 Less:
Trade Discount 10% |
|
March
18 |
Sold
on credit two old typewriters to Madan and Co. @ Rs. 800 |
|
March
28 |
Sold
to Satyabrata Baishya in cash 1
sofa set @ Rs. 750 1
dining set @ Rs. 900 |
14. On 1st April,
2003, A drew a three months’ bill for Rs. 10,000 on B, who accepted the same
and returned it to A. On 4th May, 2003, A discounted the bill
with his banker @ 6% p.a. On due date, the bill was dishonoured by B and bank
incurred noting charges of Rs. 15. Pass necessary Journal Entries in the books
of A. 5
Or
What is transaction
processing system? Discuss.
15. Show the distinctions
between Book-keeping and
Accountancy. 5
Or
What do you mean by
Generally Accepted Accounting Principles? Explain ‘Recognise all losses
anticipate no gain’.
16. From the following
incomplete records of Mr. Bhuban, a trader, ascertain the profit or loss of his
business for the year ended on
31.03.2014: 5
On 31st March,
2014, his position was as follows:
|
Rs. |
|
|
Plant
and Machinery Furniture
and Fixtures Bills
Receivable Sundry
Debtors Sundry
Creditors Closing
Stock Cash
in Hand Cash
at Bank |
50,000 22,000 7,900 27,500 14,700 32,000 1,200 6,700 |
During the year, Mr. Bhuban
introduced Rs. 12,000 as additional capital and withdrawn Rs. 9,700 for
personal use. His capital as on 1st April, 2013 was Rs. 99,750.
Or
Explain the principles of
determining Capital expenditure and Revenue expenditure.
17. Explain the errors not
detected by a Trial Balance. 5
Or
The following errors were
detected during the accounting year before preparation of Trial balance. Pass
Journal entries to rectify them:
(1) Goods
purchased from Gunin Kalita on credit Rs. 4,000 was recorded in the purchase book
as Rs. 400.
(2) Goods
amounting Rs. 5,000 have been sold on credit to Ram but no entry has been made
in the books.
(3) An
amount of Rs. 6,000 spent for the erection of machinery has been debited to
Wages Account.
18. State five distinctions
between Statement of Affairs and Balance
Sheet. 5
Or
Define Ledger. Explain its
importance in recording of business transactions.
19. Prepare a Bank
Reconciliation Statement as on 31/12/2007 from the following
particulars: 8
(1) Bank
balance as on 31/12/2007 as per Cashbook was Rs. 27,000.
(2) Cheque
paid into bank on 25th December, 2007 Rs. 7,500 but not
collected by bank before 31/12/2007.
(3) Cheques
worth Rs. 9,500 issued prior to 31/12/2007 were not presented to the bank till
31/12/2007.
(4) Interest
on deposit credited in the Passbook Rs. 250 but not recorded in the Cashbook.
(5) Bank
charges Rs. 300 recorded in the Passbook only.
Or
Write in brief on the
following: 2x4=8
(a) Source
document.
(b) Single-entry
system.
(c) Balancing
of original entry.
(d) Methods
of charging depreciation.
20. The Machinery A/c of a
firm showed a balance of Rs. 75,000 on 01/01/2000. A part of the machinery (whose
book value on 01/01/2000 was Rs. 5,000) was sold for Rs. 3,500 on 01/04/2000.
On 01/09/2000 new machine was purchased with Rs. 24,000. The firm charges
depreciation @ 10% p.a. under reducing balance method and accounts are closed
on 31st December each year. Prepare Machinery A/c in the books
of the
firm. 8
Or
Who is a holder of a
negotiable instrument? Discuss the rights of a holder of a negotiable
instrument.
21. Write eight advantages
of subdivision of
Journal. 8
Or
Prepare a Triple-column
Cash Book from the following information:
|
2014 |
Rs. |
|
|
Oct
1 ‘’ Oct
4 Oct
7 Oct
9 Oct
10 Oct
18 Oct
23 Oct
25 Oct
30 |
Cash
in hand Cash
at bank Cash
Sales Deposited
into bank Received
cheque from Mr. Barua which is deposited into bank on the same day Rent
paid by cheque Paid
by cheque to Mr. K Rs. 6,700 in full settlement of his debt of Rs. 7,000 Withdrawn
from bank for office use Withdrawn
from bank for personal use Salaries
paid |
6,000 38,000 25,000 15,000 8,000 3,000 7,000 3,000 2,000 6,000 |
22. Following is the Trial
Balance of Rahul, a businessman, as on 31st December, 2004. You
are required to prepare:
(1) Trading
A/c.
(2) Profit
and Loss A/c for the year ended on 31/03/2004 and a Balance Sheet as on that
date: 8
|
Debit |
Rs. |
Credit |
Rs. |
|
Building Opening
Stock Furniture Sundry
Debtors Plant
and Machinery Purchase Bills
Receivable Carriage
Inward Carriage
Outward Discount
allowed Bad
Debts Return
Inward Salaries Wages Cash
at Bank |
1,60,000 64,000 50,000 80,000 1,50,000 2,80,000 45,000 2,400 2,100 1,400 1,900 3,600 48,000 46,000 20,500 |
Sundry
Creditors Bills
Payable Return
Outward Provision
for Doubtful Debts Capital
A/c Sales |
60,000 25,000 3,000 2,500 3,84,400 4,80,000 |
|
Total |
9,54,900 |
Total |
9,54,900 |
Adjustments:
(1) Closing
Stock Rs. 75,000.
(2) Outstanding
Salaries Rs. 6,000 and Outstanding Wages Rs. 5,000.
(3) Provision
for Bad Debt is to be maintained @ 5% on Sundry Debtors.
(4) Depreciation
is to be provided as follows:
(a) On
Building @ 2½ %.
(b) On
Plant and Machinery @ 15%.
(c) On
Furniture @ 20%.
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