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Monday, March 19, 2018

AHSEC - Class 11 Question Papers: Book Keeping and Accountancy' 2017


2017
(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
a)      “Recognize all losses, anticipate no ____.”
b)      Accounting is the ____ of business.
c)       Journal is a book of ____ entry.
d)      Under incomplete record system, profit is indicated if the opening capital is ____ than the closing capital.
(b) State whether the following statements are True or False:                                    1x2=2
a)      A Bank Reconciliation Statement is prepared by bank.
b)      Trial Balance is a proof only of the arithmetical accuracy of the accounts.
(c) Rewrite the following sentences with appropriate alternatives:                           1x2=2
a)      Accounting software is an integral part of the Computerized Accounting System/Manual Accounting System.
b)      The full form of CPU is Central Processing Unit/Computer Programming Unit.
2. Write any two advantages of Accounting.                        2

3. Mention two distinctions between Purchase Book and Purchase Account.                       2
4. Write two features of a Trial Balance.                                                 2
5. Mention two main causes of depreciation.                      2
6. State two roles of computer in the field of accounting.                              2
7. Explain three primary objectives of book-keeping.                                      1x3=3
8. Write three distinctions between event and transaction.                         1x3=3
9. Mr. Baruah kept his accounts in single-entry system. From the following particulars, ascertain his profit or loss:     3

Rs.
Capital at the beginning
Capital at the end
Drawing were Rs. 400 per month
Fresh Capital introduced during the year Rs. 2,000
20,600
19,000
Or
Mention three disadvantages or limitations of single-entry system.                         1x3=3
10. Explain three features of Computerized Accounting System.                                                1x3=3
11. State three purposes or needs of Database Management System.                    1x3=3
12. What is the Accounting Standard? Mention its three importances.                    2+3=5
Or
Explain the accounting principle which relates to the accounting equation: Assets = Capital + Liabilities
13. Explain five points of non-agreement of the bank balance as shown by cashbook with that of passbook.        1x5
Or
Nripen had the following assets and liabilities as on 1st April, 2016. Pass the necessary opening entry: 1/2 x 10 = 5

Rs.
Cash
Bank Deposit
Stock
Furniture
Plant and Machinery
Land and Building
Sundry Debtors
Sundry Creditors
Bills Payable
2,000
5,000
5,000
10,000
25,000
50,000
15,000
35,000
7,000
14. Define a promissory note. State its three characteristics.                        5
Or
What is dishonour of bill? State three reasons of dishonour of a bill.                        2+3=5
15. On 1.4.2016, Tanmoy accepted a bill drawn by Nilam for Rs. 10,000 at one month. As the due date of the bill came nearer, Tanmoy found that it would not be possible for him to meet the bill on maturity. So on 30.4.2016, Tanmoy approached Nilam and requested him to receive Rs. 3,400 in cash including an interest of Rs. 400 and to draw on him a new bill for the balance amount for a further period of three months after cancellation the old bill. Nilam agreed to the proposal and new bill was drawn on 3.5.2016 and duly accepted. On the due date, the bill was met by Tanmoy. Pass Journal Entries in the books of Nilam.                        1x5=5
Or
How many types of cheque are there in the modern business world? Explain each.                         5
16. From the following particulars, prepare a Trial Balance:                           5

Rs.
Stock
Machinery
Capital
Cash in Hand
Cash at Bank
Sundry Creditors
Wages
Purchases
Bills Receivable
Interest Received
Sundry Debtors
Rent
Sales
Commission Allowed
General Expenses
Salaries
Furniture
600
4,000
9,000
500
1,000
4,500
1,000
8,000
2,900
300
4,400
450
16,000
250
800
500
5,400
Or
Explain five errors which are not disclosed by a Trial Balance.                       1x5=5
17. Prepare a Trading Account of M/s Sarma Sweets for the year ended 31st March, 2016 from the following information and additional information:                         5
Particulars
Dr. (Rs.)
Cr. (Rs.)
Purchases
Sales
Return Outward
Return Inward
Wages
Carriage Inward
Duty and Clearing Charges
Electric and Water charges
Factory Rent
Stock on 1.4.2015
1,50,000


30,000
25,000
3,000
500
500
3,500
38,000

2,70,000
20,000
Additional Information:
a)      Stock as on 31.3.2016 was valued at cost price Rs. 55,000 and market price Rs. 59,000.
b)      Wages outstanding Rs. 1,000.
c)       Factory rent paid in advance to the extent of Rs. 300.
18. Give five distinctions between the following:                              1x5=5
Balance Sheet and Trial Balance
Or
Capital Expenditure and Revenue Expenditure
19. Prepare a Triple-column Cashbook from the following particulars:                     8
2016

Rs.
Dec. 1
Dec. 2
Dec. 3
Dec. 4

Dec. 10
Dec. 12
Dec. 20

Dec. 25
Dec. 28
Dec. 30
Started business with cash
Deposited cash into bank
Bought goods by cheque
Received cash from Raja
Allowed him discount
Sold goods for cash
Paid into bank
Paid to Hari by cheque
Discount received
Paid rent by cheque
Drew from bank for office use
Paid wages in cash
25,000
10,000
1,150
500
25
1,500
300
545
5
500
200
400
Or
What is cashbook? State its five advantages.                                       3+5=8
20. On 1st April, 2013, a company purchased a machine for Rs. 10,000. It spends Rs. 2,000 on its erection. On 1st October, 2013, it purchased another machine for Rs. 4,000. On 1st April, 2015, the machine purchased on 1st April, 2013 was sold for Rs. 4,600. The company writes off depreciation at 10% p.a. on diminishing balance method. Accounts are closed on 31st March each year.  Prepare Machinery A/c for the three years ending on 31st March, 2016.                            8
Or
The following figures appear in the books of Sri A. Sarma in 2015:
2015

Rs.
Jan. 1
Dec. 31
Dec. 31
Provision for Doubtful Debts
Bad Debts
Sundry Debtors
3,500
1,500
50,600
Additional Information:
a)      Additional bad debts Rs. 600
b)      Keep the provision for doubtful debts @ 5% on debtors.
Show the relevant accounts and show how bad debts and provision for doubtful debts will be reflected in the Profit and Loss A/c and Balance Sheet as at 31st December.                                               8
21. Mr. Jadu started business on 1st April, 2015 with Rs. 25,000 as his capital. Immediately he purchased furniture worth Rs. 6,000. During the year, he took loan from his wife Rs. 15,000 and he himself introduced additional capital of Rs. 9,500. He withdrew Rs. 900 at the end of each month for household expenses. On 31st March, 2016, his position was as follows:

Rs.
Cash in Hand
Cash at Bank
Sundry Debtors
Stock-in-trade
Bills Receivable
Creditors
Rent due
600
7,800
14,400
20,400
4,800
1,500
450
Provide depreciation @ 10% on furniture. Ascertain the profit or loss made during 2015 – 16.      8
Or
What do you understand by single-entry system? Mention six points of difference between single-entry system and double-entry system.
22. From the following Trial balance of M/s Sarma as on 31st March, 2016, Prepare –                         4+4=8
a)      A profit and loss account for the year ended 31st March, 2016;
b)      A balance sheet as on that date.
Trial Balance
Debit
Rs.
Credit
Rs.
Building
Salaries
Rent
Furniture
Bad Debt
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Drawings
Sundry Debtors
Bills Receivable
Closing stock
18,000
12,400
3,500
4,950
600
2,000
3,000
15,000
6,000
9,750
Provision for Bad Debt
Interest Received
Creditors
Outstanding Wages
Capital
Bills Payable
Trading A/c (Gross Profit)

400
400
4,200
900
45,000
2,000
22,300

75,200

75,200
Adjustment:
a)      Salaries Outstanding Rs. 2,000
b)      Furniture is to be depreciated by Rs. 950
c)       Make provision for bad debts Rs. 500