Saturday, December 03, 2016

AHSEC Class 11 Question Paper: Book Keeping and Accountancy' 2015

2015
ACCOUNTANCY
Full Marks: 100
Time: 3 hours

The figures in the margin indicate full marks for the questions.
1. (a) Fill in the blanks:                   1x4=4
(i) Accounting records only the transactions of ____ nature.
(ii) Assets = Liabilities + ____.
(iii) Excess of ____ capital over ____ capital represents loss.
(b) State whether the following statements are true or false:                     1x4=4
(i) Closing stock is usually not shown in the Trial Balance.
(ii) A Bank Reconciliation Statement is prepared by customer of a bank.
(iii) The full form of CPU is Current Processing Unit.
(iv) The SQL is used to access data in a database.
2. Write the meaning of Accounting.       2
3. What do you mean by Accounting Standard? 2
4. What is a Trial Balance?                             2
5. Write any two distinctions between Provision and Reserves. 2
6. Write any two features of incomplete records.                             2
7. Explain briefly about three users of accounting information.   3

Or
Mention three qualitative characteristics of accounting information.       3
8. Explain the going concern concept.     3
Or
Explain the money measurement concept.          3
9. Mention three distinctions between Journal and Ledger.                         3
Or
Mention three types of transactions recorded in Journal Proper.                              3
10. Explain briefly three advantages of Database Management System.                                 3
Or
Write short notes on Structured Query Language. (SQL)                                3
11. Mention three distinctions between Statement of Affairs and Balance Sheet.             3
Or
How profit or loss is ascertained by Statement of Affairs method in case of incomplete records?                               3
12. What is a Bill of Exchange? Explain the terms ‘Drawer’, ‘Payee’ in connection with Bill of Exchange.      2+3=5
Or
Write five distinctions between Bills of Exchange and Promissory Note.                                 5
13. Mention five uses of computers in Accounting.                          5
Or
Define Computer. Mention three features of Computer.                              2+3=5
14. On 1st January, 2014, a bill of Rs. 15,000 due after three months has been drawn by Madhur on Suresh. Suresh accepted the bill and returned the same to Madhur. On the due date, Suresh dishonoured the bill and noting charge payable was Rs. 200. Pass Journal entries in the books of Madhur in each of the following circumstances.
(i) Madhur endorsed the bill in favour of Nayan immediately.
(ii) The bill is discounted at 12 p.c. per annum immediately.                                          5
Or
What is accomodation Bill? Mention three purpose of drawing an accomodation Bill.                       2+3=5
15. Write five distinctions between Capital Expenditure and Revenue Expenditure.                         5
Or
What is trading Account? Write three objectives of preparing trading Account.                   2+3=5
16. From the following incomplete records of Mr. Bhuban, a trader, ascertain the profit or loss of his business for the year ended on 31.3.14. On 31st March, 2014, his position was follows:
Plant & Machinery
Furniture & 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 withdrew Rs. 9,700 for personal use. His capital as on 1st April, 2013 was Rs. 99,750.                                          5
Or
Write five limitations of incomplete records.                       5
17. Pass necessary Journal entries to rectify the following errors.                              5
(i) Rs. 850 received from Saurav was debited to Gaurav Account.
(ii) Goods of Rs. 750 withdrawn for personal use was not recorded in the books.
(iii) Rs. 380 being Purchase return was posted to the debit of Purchase Account.
Or
Write three advantages and limitations of Trial Balance.                                 2+3=5
18. From the following information of Mr. Das prepare a Trading Account for the year ended on 31st March, 2014.  5
                                                                               
Stock (As on 1st April, 2013)
Purchases
Purchase Return
Sales
Sales Return
Wages
Carriage Inward
Carriage Outward
Salary
18,000
60,460
460
1,20,800
160
8,000
500
6,000
10,550











Additional Information:
(i) Stock on 31st March, 2014 Rs. 20,530.
(ii) Wages outstanding Rs. 250.
19. Explain with examples the following terms (i) Current Assets, (ii) Current Liabilities. 2 ½ +2 ½ =5
20. Prepare a Bank Reconciliation Statement as on 31.3.14 from the following Particulars:              8
(i) Bank Balance (Dr.) as on 31.3.2014 was Rs. 90,000 as per Cash Book.
(ii) Out of Rs. 30,000 paid to creditors by cheques, cheques amounting to Rs. 14,000 were encashed by him after 31.3.2014.
(iii) Cheques of Rs. 16,000 deposited into bank on 28.3.2014 but not collected by bank before 31.3.2014.
(iv) Bank charges of Rs. 1,000 and interest on deposits Rs. 2,000 were recorded in the Pass Book only.
(v) Dividend collected and credited by the bank but not recorded in the cash book Rs. 1,500.
(vi) A cheque of Rs. 850 deposited and credited by the bank was recorded in the cash book Rs. 580.
Or
What is Bank Reconciliation Statement? Discuss five causes of disagreement between the balances as per Pass Book and Cash Book.                          8

21. A company purchased 2 machines on 01.01.2012 at a total cost of Rs. 4, 00,000. On 01.07.2014, it sold one of the machine originally costing Rs. 2, 00,000 for Rs. 1, 80,000. Prepare Machinery Account and Depreciation Account for three years assuming that the company provides depreciation @ 10% p.a. on the original cost. The accounting year ends on 31st March each year.                                                                           4+4=8
Or
What do you mean by depreciation? Discuss six causes of providing depreciation.            2+6=8
22. Prepare a Triple Column Cash Book from the following information.                                 8
2014
Particulars
Rs.
October 1
Cash in hand
Cash at bank
6,000
38,000
October 4
Cash Sales
25,000
October 7
Deposited into Bank
15,000
October 9
Received cheque from Mr. Baruah which is deposited into bank on the same day
8,000
October 10
Rent paid by cheque
3,000
October 18
Paid be cheque to Mr. Kishore Rs. 6,700 in full settlement of his debt
7,000
October 23
Withdraw from bank for office use
3,000
October 25
Withdraw from bank for personal use
2,000
October 30
Salaries paid
6,000
Or
Explain the following terms:        (any four)            2x4=8
(i) Contra Entry.
(ii) Petty cash book.
(iii) Trade discount.
(iv) Cash discount.
(v) Imprest System.
(vi) Double column Cash Book.
23. The following is the Trial Balance of Mr. Rajnish as on 31st March, 2014.                    8
Trial Balance
Debit
Rs.
Credit
Rs.
Machinery
Cash at Bank
Cash in hand
Debtors
Bills Receivable
Goodwill
Rent
Salaries
Closing Stock
23,000
9,700
3,000
15,200
11,800
12,000
4,500
2,800
13,000
Capital
Bank loan
Creditors
Interest Received
Provision for doubtful debt
Trading A/c
(Gross Profit)
28,000
22,000
9,000
600
400
35,000

95,000

95,000
Additional Information:
(i) Maintain Provision for doubtful debt 5% on debtors.
(ii) Depreciate Machinery @ 10% p.a.
(iii) Outstanding salary Rs. 1,200.

Prepare Profit & Loss Account of Mr. Rajnish for the year ended on 31.3.14 and a Balance Sheet as on that date.

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