11 Sample Papers Accountancy 2020 English Medium Set 1 PDF
11 Sample Papers Accountancy 2020 English Medium Set 1 PDF
11 Sample Papers Accountancy 2020 English Medium Set 1 PDF
General Instructions:
(i) This Question Paper contains 32 questions in all.
(ii) All questions are compulsory.
(iii) Marks are indicated against each question.
(iv) Give calculations and working notes neatly and clearly wherever
required.
Note: Questions number 1 to 20 carries one mark each.
1. Mr. Nath who owed us 50,000 became insolvent and paid only
40% of this amount. What is term used for the amount not received
and in which side of Profit and loss Account this amount is shown?
2. The concept that a Business enterprise will not sold or liquidated in
the near future is known as:
(a) Going Concern
(b) Economic Entity
(c) Money measurement Concept
(d) None of these
3. Provision is created for:
(a) Known Liability
(b) Unknown Liability
(c) Strengthening Financial Position
(d) Distribution of Dividend
4. What do you mean by GAAP?
5. Under which basis of accounting, Outstanding Expenses are not
recorded?
6. What is Journalising?
7. Define Drawings?
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8. Which of the following account will be credited on giving Cash Do-
nations?
(a) Purchases A/C (b) Cash A/C
(c) Donation A/C (d) Drawings A/C
9. On inter - state purchase of goods, which of the following GST is
levied:
(a) CGST (b) SGST
(c) IGST (d) None of the above
10. What do you mean by Suspense A/C?
11. State the formula to calculate the depreciation as per “Straight line
method.
12. A Three months Bill of Exchange drawn on 1 July 2018 will mature
for payment on:
(a) 1 October 2018 (b) 3 October 2018
(c) 4 October 2018 (d) d.5 October 2018
13. Wrong totaling of Subsidiary Books _____________ allow Trial
Balance to match.
14. Cost of Plant and Machinery is an example of _____________ Ex-
penditure.
15. Salaries and Wages are taken to the Debit side of _________ Ac-
count.
16. Give two examples of lntangible Assets.
17. Which Book is maintained is Single Entry System?
18. Which of the following can be prepared under Single Entry system?
(a) Trial balance (b) Ledger Accounts
(c) Statement of Affairs (d) All of the above.
19. What are Tailor-made software?
20. Cost of Goods sold = __________ + __________ + Direct Ex-
penses – Closing stock.
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21. Enter the following transactions in the Cash Book (Double column)
of Mehra & Sons: 3 Marks
Date Transactions Amount (`)
2019
Jan-1 Cash in Hand 96,000
Cash at Bank 16,000
Jan-5 Cheque received from Rehman and
deposited in the back 40,000
Jan-9 Cheque paid to Rahul 25,500
Jan-15 Money withdrawn from Bank for office use. 10,000
Jan-31 Life Insurance Premium paid 750
22. Discuss any three capabilities of Computer System for Accounting
Purposes. 3 Marks
23. Rectify the following errors: 4 Marks
(a) Cash Sales Rs. 16,000 were not posted to Sales Account.
(b) Credit sales to Mohan Rs. 7,000 were recorded as Rs. 700.
(c) Salary paid Rs. 5,000 was debited to employee's personal ac-
count.
24. Nandu sold goods to Basu for Rs. 4,000 and Basu accepted a bill
Brawn by Nandu amounted to Rs. 4,000 on 1 st January 2019 and
payable after four months. Nandu discounted it with banker @ 18%
per annum. On the due date bill was dishonoured. Bank paid Rs.
40 as noting charges. After one month Basu paid the amount due to
Nandu. Pass the journal entries in the books of Nandu. 4 Marks.
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25. Fill in the missing information in the following journal entries
4 Marks
S. Particulars L.F. Dr. ` Cr. `
No.
1. _______________ Account Dr. ______
To _____________ _____
(goods costing Rs. 5,000 destroyed
by fire)
2. Purchases Account Dr. ______
_______________ Account Dr. ______
_______________ Account Dr. ______
To _____________ 10000
To Ayush ______
(Purchased goods from Ayush for
` 20000 plus CGST and @ 6%
each, issued a cheque to him for
` 10000, balance payable after
one month.)
3. _______________ Account Dr. 25,000
To _____________ 25,000
(Salary outstanding at the end of
the year.)
4. _______________ Account Dr. ______
To _____________ ______
(Being depreciation provided on
computers costing Rs 1,50,000
@ 20% p.a)
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27. Ashutosh maintains his accounts on Single Entry System. Calculate
his profits on 31st March 2019 from the following information:
Particulars 1 April 2018 ` 1 April 2019 `
Cash 3,000 1,000
Bank 9,000 7,000
Furniture 4,000 4,000
Stock 2,000 6,000
Creditors 8,000 6,000
Debtors 6,000 8,000
Additional Information:
During the year his drawings were Rs 2,000 and additional capital
invested Rs 4,000.
28. Supriya Limited purchased a Machinery for Rs 5,00,000 on Ist Janu-
ary 2015. Depreciation is provided @ 20% p.a. on cost of the Ma-
chinery every year. On Ist January 2017, the Machinery got an acci-
dent and damaged badly. The company disposed off it for Rs
1,00,000. On the same date a new Machinery at a cost of Rs
9,00,000 was purchased. Prepare Machinery Account for four years.
The accounts are closed on 31st December every year.
29. On March 31, 2019, the Cash Book of Kumar Brothers showed a
debit balance of Rs 2,14,460. From the following particulars make
out a Bank Reconciliation Statement and ascertain the Balance as
per Pass Book.
(a) Cheque issued but not presented for payment Rs 7,375.
(b) Cheques paid into bank but not yet cleared Rs 1,175.
(c) Interest credited by bank but not entered in cash book Rs 2,150.
(d) Bank charges debited in the Pass Book but not entered in the
Cash Book Rs 700.
(e) Bank deposited a dividend of Rs 5,000 to the Bank Account.
This transaction was not recorded in Cash Book.
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30. Explain the following:
(a) Dual Aspect Concept
(b) Prudence or Conservatism Principle
(c) Accounting Standards (AS)
31. Differentiate between Capital Reserve and Revenue Reserve. (any
two)
(b) Why there is a need of preparing Financial statements?
(c) Prepare a Purchase Day book of Shiv Stationery from the fol-
lowing information.
Date Particulars
2018 Purchased from Gagan Stationery Mart on credit
June 1 (a) 70 dozen pencils @ ` 25 dozen
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32. The following Trial Balance was drawn up form Mrs. Bhumika's
books at the end of the year ending 31-03-2019. Prepare Trading
and Profit & Loss Account and Balance Sheet as on 31-03-2019:
Particular Amount Particular Amount
Stock (01-04-2018) 16,000 Capital 1,00,000
Debtors 32,000 Sales 98,800
Machinery 30,000 Trade Payables 9,000
Wages 10,000 Discount Received 1,000
Salary 4,000
Building 60,000
Trade Expenses 5,000
Cash 16,000
Purchase 35,000
Drawing 800
2,08,800 2,08,800
Adjustments:
The following adjustments are to be considered:
(a) Stock on 31-03-2019 ` 21,000
(b) Machinery is to be depreciated by 10% p.a.
(c) Salary outstanding ` 200.
Or
From the following Trial Balance Prepare Trading Account, Profit &
Loss Account and the Balance Sheet.
Particular ` Particular `
Purchase 80,000 Capital 2,10,000
Bank balance 11,000 Bills payables 6,500
Wages 34,000 Sales 2,00,000
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Debtors 70,300 Creditors 50,000
Cash in hand 1,200 Return outwards 4,000
Legal expenses 4,000
Building 60,000
Machinery 1,20,000
Bills receiveble 7,000
Office expenses 3,000
Opening stock 45,000
Gas and fuel 2,700
Freight and carriage 3,500
Factory lighting 5,000
Office furniture 5,000
Patents 18,800
4,70,500 4,70,500
Adjustments:
(a) Machinery is depreciated @ 10% p.a. and Building depreci-
ated @ 6% p.a.
(b) Interest on capital @ 4% p.a.
(c) Outstanding wages ` 50.
(d) Closing stock ` 50,000.
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SAMPLE PAPER (2019-20)
22. One mark each for any three correct explanations. 3 Marks
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23. Journal Entries
(i) Suspense Account Dr. 16,000 1M
1
To Sales Account 16,000
marks
(ii) Mohan Dr. 6,300 1M
each
To Sales Account 6,300
for
(iii) Salary Account Dr. 5,000 1M
correct
To Employee's 5,000
entry
Personal Account
=4
(iv) Kishan Dr. 102 1M
marks
To Krishna 102
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26. 1 mark for correct meaning of software. 3 marks for each correct
explanation. 4 marks
27. Statement of Affairs
4
Liabilities ` ` Assets ` `
(2018) (2019) (2018) (2019)
Creditors 8,000 6,000 Furniture 4,000 4,000
Capital (B.F) 16,000 20,000 Stock 2,000 6,000
Debtors 6,000 8,000
Cash 3,000 1,000
Bank 9,000 7,000
24,000 26,000 24,000 26,000
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29. Bank reconciliation Statement
Particulars Plus Minus Marks
Items Items
(`) (`)
Balance as per Cash Book 2,14,460 — 1/2 M
(i) Cheque issued but not 7,375 — 1M
presented for payment
(ii) Cheques paid into bank but not — 1,175 1M
yet collected
(iii) Interest credited by bank but 2,150 — 1M
not entered in cash book
(iv) Bank charges debited in the — 700 1M
Pass Book
(v) Customer directly deposit in 5,000 — 1M
Bank Account
Total 2,28,985 1,875
Balance as per Pass Book — 2,27,110 1/2 M
2,28,985 2,28,985
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Balance Sheet
As on 31st March 2019
Liabilities Amount Assets Amount
Capital 1,00,000 Machinery 30,000
(–) Drawing 800 (–) Dep. 3000 27,000
99,200
(+) N/P 47,600 1,46,800
Trade Payables 9,000 Building 60,000
Salary Outstanding 200 Debtros 32,000
Cash 16,000
Closing Stock 21,000
1,56,000 1,56,000
Or
Gross Profit 83,750; Net Profit 52,750; Total of Balance Sheet
3,19,250
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