केन्द्रीय विद्यालय संगठन, कोलकाता संभाग

KENDRIYA VIDYALAYA SANGATHAN, KOLKATA REGION

सत्रां त परीक्षर/ SESSION ENDING EXAM – 2022-23

कक्षा / CLASS :- ग्यररहवीां / XI अविकतम अंक/ MAX. MARKS – 80

विषय / SUB :- लेखाकमम/ ACCOUNTANCY समय / TIME :- 03 घंटे / Hours

FOR PRACTICE
सामान्य वनर्दे श /General instructions :-

1. This question paper contains 34 questions. All questions are compulsory.

इस प्रश्न पत्र में 34 प्रश्न हैं । सभी प्रश्न अवनिायम हैं ।
2. This question paper is divided into two parts, Part A and B.
यह प्रश्न पत्र र्दो भागों में विभावित है , भाग ए और बी
3. Part - A and Part B is compulsory for all candidates.
भाग - ए और भाग बी सभी उम्मीर्दिारों के वलए अवनिायम है
4. Question 1 to 16 and 27 to 30 carries 1 mark each
प्रश्न 1 से 16 और 27 से 30 तक प्रत्येक के वलए 1 अंक है
5. Questions 17 to 20 carries 3 marks each
प्रश्न 17 से 20, 3 अंक हैं
6. Questions from 21 to 24 ,31 and 32 carries 4 marks each.
प्रश्न 21 to 24, 31 और 32 में से प्रत्येक प्रश्न के वलए 4 अंक हैं ।
7. Questions from 25 to 26, 33 and 34 carries 6 marks each.
प्रश्न 25 से 26 और 33 से 34 के प्रत्येक प्रश्न के वलए 6 अंक हैं ।

Q.No Question Marks

.
PART A : FINANCIAL ACCOUNTING - I
1 Shri Ravi who owes money to a firm for goods sold on credit is called a: 1
(a) Creditor
(b) Debtor
(c) Both (a) and (b)
(d) None of these
2 Accrual concept is based on: 1
(a). Matching concept

1|Page
 (b). Dual aspect concept
(c). Cost concept
(d). Going concern concept
3 Which of the following is not the user of accounting information? 1

(a). Short-term creditors (b). Debtors

(c). Government (d). Owners
Or
Which external user of accounting information is most interested in knowing
the long-termsolvency position of the firm?

(a). Employees (b). Management

(c). Bank and financial institutions (d). Researchers
4 Which of the following is an example of a source document? 1

(a). Cash Memo (b). Invoice

(c). Sales Bill (d). All of these
5 st
Adani commenced business on 1 April, 2020 with a capital of ₹6,00,000. 1
On 31st March, 2021 hisassets were worth ₹8,00,000 and liabilities ₹50,000.
Find out his closing capital.
(a). ₹7,50,000
(b). ₹2,00,000
(c). ₹5,50,000
(d). None of these
6 On Intra-state purchase of goods,
ththe following GST is levied? 1
which of
(a). CGST and SGST (b). SGST
(c). CGST and IGST (d). IGST

7 Ledger is a book of 1
a) Primary entry
b) Secondary Entry
c) Final Entry
d) None of the above

Or
In Ledger which types of accounts are balanced and which types of accounts
are closed at theend of the accounting period?
(a). Permanent A/c’s are closed and Temporary A/cs are balanced.
(b). Permanent A/c’s are balanced and Temporary A/cs are closed.
(c ) All Accounts are Closed
(d). Temporary Accounts are only Closed
8 Sales Books records only________ sales of Goods 1

2|Page
 a) Cash sales
b) Credit Sales
c) Cash and Credit sales
d) None of the above

9 Which of the following is not recorded in the Cash Book 1

a) Cash receipts
b) Credit Purchases
c) Revenue expenses
d) Capital Expenses
OR
Debit balance of bank A/c in the Pass Book means:-
a) Favorable balance in the Pass book
b) Overdraft Balance in the pass Book
c) Overdraft Balance in the Cash Book
d) Favorable balance in the Cash Book
10 A machine costing Rs 2,00,000 on which 10% depreciation has been charged 1
with written down value method the balance of the Machinery after three
years of depreciation will be:-
a) Rs.1.54,000
b) Rs. 1,62,000
c) Rs. 1,45,800
d) Rs. 1,44,000
Or
A machine costing Rs 4,00,000 on which 20% depreciation has been charged
with written down value method the balance of the Machinery after Two years
of depreciation will be:-
a) Rs.2,56,000
b) Rs. 2,62,000
c) Rs. 2,45,800
d) Rs. 2,44,000
11 1
Read the following statement - Assertion (A) and Reason (R). Choose one of
the correct alternatives given bel
Assertion (A): Purchase account is credited when the proprietor
withdrawal goods from the business for his personal use.
Reason (R): Purchase account is credited because as a result of
withdrawal of goods, net amount ofpurchase of the business is
reduced.
Alternatives:
a) Both (A) and (R) are correct, and (R) is the correct explanation of (A).
b) Both (A) and (R) are correct, but (R) is not the correct explanation of (A).

3|Page
 c) (A) is correct but (R) is wrong.
d) Both (A) and (R) are incorrect
12 If seller receives back the goods sold i.e. in case of sales return, which of the 1
following is prepared:
a) Credit Note
b) Debit Note
c) Both (a) and (b)
d) None of These
13 The Term depletion is used in which type of Asset:- 1
a) Liquid Assets
b) Fixed Assets
c) Wasting Assets
d) Intangible Assets
14 An Installation Cost for Machinery of Rs 10,000 was debited to Repairs A/c. 1
which type of error is it?
a) Error of Commission
b) Error of Principle
c) Compensating error
d) Error of omission
Or
Purchase of goods of Rs 5,000 from Shyam has been recorded in the books but
posted as Rs. 500 in Shaym account. Which type of error is it?
a) Error of Commission
b) Error of Principle
c) Compensating error
d) Error of omission
15 Suspense account appears in the Trial Balance because of ;- 1
a) Error of Commission
b) Two sided error
c) One sided error
d) Error of omission
16 Prepaid Expenses is which type of Asset? 1
a) Tangible Asset
b) Intangible Assets
c) Fictitious Assets
d) Fixed Assets
17 3
Mohan started a business on 1st April, 2019 with a capital of ₹50,000 and a
loan of ₹25,000 taken from Sohan. During 2019-20, he had introduced
additional capital of ₹25,000 and had withdrawn ₹15,000 for personal use. On
31st March, 2020 his assets were ₹1,50,000. Find hiscapital as on 31st March,
2020 and profit made or loss incurred during the year 2019-20.

4|Page
 Or
Give an example for each of the following transactions:
(i). Increase in one asset and decrease in another asset.
(ii). Increase in one asset and increase in liability.
(iii). Increase in asset and increase in owner’s capital.

18 Sold goods to Rahul & Bros within the state list price ₹2,50,000 at 20% trade 3
discount and 4% cash discount on sale price. Charged CGST and SGST @6%
each. 80% of the amount receivedby cheque immediately. Pass journal entry

Or
Enter the following transactions in the books of Ridhdhi Traders assuming
that all transactions have taken place within the state of Jharkhand.
Assuming CGST @ 9% and SGST @9% (Entry of setting off is not required to
be done):
(i) Purchased goods for ₹5,00,000 from Astro Traders
(ii) Sold goods to Pushkar Bros.for ₹3,00,000.
(iii) Commission of ₹10,000 received in cash.

19 Enter the following transactions in the purchase book of VXM Garments 3

of Gwalior, Madhya Pradesh, assumingCGST @6% and SGST@6%.:
2018
April 4 Purchased from RK & Bros, Indore of Madhya Pradesh
100 Metre Cotton Cloth
@200 per Metre 80
Metre Woollen Cloth
@₹500 per metre
April 12 Purchased from SK & co. of Patna Bihar
50 Metre Silk Cloth @600 per Metre
40 Metre Cotton Cloth
@₹250 per Metre
Trade Discount 10%

April 20 Purchased from FashionFurniture

House, Delhi10 Chairs @ ₹2,000 per
Chair

April 25 Purchased from Shubham & Bros of

West Bengal for Cash,100 Metre
Woollen Cloth @ ₹600 per Metre
Trade Discount is 15% and
Freight Charges payable are ₹3,000

5|Page
20 What are the differences between reserve and provision? (Any Three) 3
21 Explain the following terms in brief: - 4
(a). Asset, (b). Liability, (c). Revenue and (d). Expense
Or
Explain in brief any four objectives of Accounting?
22 Explain the following in brief: 4
(i). Principle of full disclosure and (ii). Money measurement concept
23 Trial Balance of a firm did not match and difference was placed in 4
Suspense Account. Thefollowing errors were subsequently identified:
(a). Sales Book was overcast by ₹300
(b). Goods sold to Mannu for ₹550 was posted as ₹5,500.
(c). Purchases Book was overcast by ₹800.
(d). Purchases Return Book was carried forward as ₹1,220.
You are required to pass the Journal entries for rectification of the above
errors.
24 Prepare a Double Column Cash Book with Cash and Bank Columns from 4
following information
2022 ₹
April 1 Cash in Hand 7,500
Bank Overdraft 35,000
April 2 Paid wages 2,000
April 5 Cash Sales of Plus CGST and SGST @6% 70,000
April 10 Cash deposited into Bank 40,000
April 15 Goods purchased for plus IGST @12% and paid by cheque. 20,000
April 20 Paid Rent 5,000
April 25 Dew from bank for personal use 4,000
April 30 Salary paid 10,000
25 st
Prepare a Bank Reconciliation Statement as on 31 October 2022 6
from the followinginformation:
i) Favourable balance as per Cash Book ₹1,26,100.
ii) Cheque issued but not yet presented for payment ₹46,000.
iii) Deposited three cheques for ₹12,000, ₹25,000 and ₹20,000
respectively in the month ofOctober but out of these the first 2
cheques could be cleared by the bank so far.
iv) Bank charges of ₹500 not yet recorded in the cash book.
v) Directly deposited by a customer ₹16,000 not yet entered in the cash
book.
vi) The bank has paid insurance premium on standing order ₹12,400.
26 Dinesh Mills purchased machinery on 1st August 2015 for ₹90,000. On 1st 6
October, 2016 it purchased another machine for ₹40,000.On 30th June, 2017 it
sold off the first machine purchased in 2015 for ₹58,000 and on the same date
purchased a new machinery for ₹1,00,000. Depreciation is provided at 20% p.a.

6|Page
 on the original cost each year. Accounts are closed each year on 31st March.
Show the Machinery Account for three years.
Or
The following balances appeared in the books of Ambani Limited as on 1st April
2021:
Machinery account ₹ 10,00,000
Provision for depreciation account ₹ 4,50,000
The machinery was depreciated at 10% per annum on original cost
method. On 1st October2021, a machine which was purchased on 1st
December 2018 for ₹1,20,000 was sold for ₹34,000.
Prepare machinery account and provision for depreciation account for the year
2021-22
PART B : FINANCIAL ACCOUNTING - II
27 Which type of expenses is shown in Trading Account? 1
(a). Direct expenses
(b). Indirect expenses
(c). Opening expenses
(d). Direct and Indirect expenses
28 1
If sales are ₹60,000 and the rate of Gross Profit on Cost of Goods sold is
25%, Cost of Goods sold will be:-

(a) ₹45,000 (b) ₹50,000

(b) ₹48,000 (d) None of these
Or
If sales are Rs.2,00,000 and the rate of Gross profit on cost of goods sold is 25%,
then the cost of goods sold will be:

(a) ₹1,60,000 (b) ₹1,50,000

(c) ₹1,70,000 (d) ₹1,80,000

29 Sales is equal to:- 1

(a). Cost of Goods sold – GrossProfit (b). Cost of Goods sold + GrossProfit

(c). Gross Profit – Cost of Goodssold (d). Cost of Goods sold + NetProfit
30 Closing stock if given Inside Trial Balance is shown in 1
a) Trading A/c and balance sheet
b) Trading Account Only
c) Balance sheet only
d) P&L account & Balance Sheet

7|Page
31 From the following information, prepare Trading Account for the year ended 4
31st March, 2022: Adjusted purchases ₹11,00,000; Sales ₹12,50,000; Freight
and carriage Inwards ₹6,000;Wages ₹14,000; Freight And Cartage ₹5,000;
Closing Stock ₹1,00,000.
32 Extracted from the Trial balance:- 4
Name of Ledger Dr Cr
1.Debtor 1,60,000
2. Bad debt 15,000
3. Provision for Bad debt 5,000
Additional information:-
1. Further bad debts is Rs 10,000
2. Provision for Bad Debts @5%
3. Discount on debtors @2%
Show the effect of the above items in the Final accounts
33 6
From the following balances extracted from the books of M/s Ahuja and Nanda.
Calculate the amount of:-

(a). Cost of goods available for sale

(b). Cost of goods sold during the year
(c). Gross Profit
Information:-
1.Opening stock ₹25,000
2. Credit purchases ₹7,50,000
3.Cash purchases ₹3,00,000
4.Credit sales ₹12,00,000
5.Cash sales ₹4,00,000
6.Wages ₹1,00,000
7.Salaries ₹1,40,000
8. Closing Stock ₹30,000
9. Sales Return ₹50,000
10.Purchases Return ₹10,000.
34 You are require to prepare trading and profit and loss account for the year 6
ended 31st March 2019 and a balance sheet on that date:

8|Page
 Name of accounts Debit Credit
balance balance
Capital 50,000
Drawings 10,000
Debtors and creditors 24,000 16,000
6% loan 10,000
Interest on loan 300
Cash 3,000
Provision for bad debts 1,000
Wages 6,000
Stock on 1.4.2018 16,700
Computer 10,000
Bank 7,500
Furniture 20,000
Carriage outward 4,500
Carriage inward 5,000
Salaries 12,000
Rent 8,000
Bad debts 600
Purchases and sales 60,000 1,16,000
Returns 2,000 1,000
Advertising 4,500
Discount 2,600
Insurance 2,000
Bills receivables and bills payables 10,000 8,000
Commission 1,500
Adjustments:

a) Depreciate furniture by 5% and computer by 10%.

b) Salaries outstanding Rs.1, 200.
c) Insurance premium is paid for the period ending 30 th June 2019.
d) Provision for Bad debts is to be maintained at 5% on debtors.
e) Stock on 31st March 2019 was valued at Rs.19, 400.
OR
The following is the Trial balance of Tanmay Raj as on 31st March, 2018 :-

Particulars Dr. Amount (Rs.) Cr. Amount (Rs.)

Capital 25000
Building 30000 -
Furniture 2640 -
Scooter 4000 -

9|Page
 Returns 2300 1600
Opening Stock 8000 -
Purchases and sales 33800 56040
Carriage Inward 700 -
General Expenses 1200 -
Bad debts 300 -
Bad debts Provision - 700
Bank loan - 5000
Interest on bank loan 300 -
Commission - 900
Insurance and taxes 2000 -
Scooter expenses 2600 -
Salaries 4400 -
Cash in hand 2000 -
Debtors and creditors 3000 8000

97240 97240
You are required to prepare the final accounts for the year ending 31st march,
2018 taking into account the following adjustments :-

a) Closing stock as on 31st march, 2018 was Rs. 4340

b) Commission include Rs. 300 being commission received in advance
c) Bank loan has been taken @ 10% p.a. interest
d) Salaries have been paid for 11 months
e) Depreciate Building by 5% and Scooter by 15%
f) Write off Rs.200 as further bad debts and maintain bad debts provision
@ 5% on Debtors

10 | P a g e