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QImark, 7. 6. 5. 4.Instructions: 3. 2.General

1.
Questions
Questions
There Questions
Questions All This
1
of parts allowed:
Proprietor
8 Creditor(purchased
c) (a) Expenditure TheLiability
Current
Capital (a) Expenditure
()termed as:isAnyRevenue Expenditure
characterized
(c) (a) as: is (d) (c) (b) (a) Reason not Assertion (d) (c ) (b ) (a)Which 2 question
Deferred questions is
(A ) Both Both of Accounting
Accounting Replacement
Shows no KENDRIYA
person, expenditure, (A) from from from from of
financial questions
is (R) one overall 3
or paper Hrs
false, true, is (A) (A) ( A) th e is 30 27 21 1
the firm Revenue of and and :Goods of to
:Accounting present the 3 to to to
revenue but but nature isdoes choice. 34 29 26 20
contains
services or the (R) (R) of
advantage marks, should
not carries carries
carries
institution (R) (R) not Memory carries VIDYALAYA
fullExpenditure are are and taken fully value
nature is is record However, 1 Cumulative
be 34 Examination 2023-24
Or received benefit true. false. true true hence from questions
Or records exact. of of 3 1
6 attempted
4 mark
questions.
who that and and marks marks Accountancy
Subject -
businessaccounting?
price marks
of (R ) (R) will the
isdoes which gives business only an each.
Debtors
(dAl)l (b) called Current
(dAsset
) (b) None(d)of is is not level Question of each each each. ClassXI-
SANGATHAN,
expenditure
Capital(b) not the internal4 atAll
not
Expenditure
Revenue benefit be the
is correct changes. marks one
: pay received the recorded. by
transactions questions
theseof place.
for correct the
the choice
and
these more explanation proprietor
price
during explanation 2questions compulsory.are
in than of has
financial LUCKNOW
Cash one for been
one of
for accounting accounting
his of
of(A). provided
the (A). personalnature. six Maximum
goods marks
REGION
period use in
period
is 7
Marks
Questions
1 1 1 1 M
:
80
of
e
6
5
2
of
8 (c) (a) On (a) At (d) (c) (bstatements. Partnership
) (a) Reason disclosure
Assertion Full
concept
(c) Cost
Indicate
(a) the TheMaterialityConservatism
convention
Concept On.
(c) (a) Omission are :
(d) (c) (b) (a) Outstanding
InputOutput
Revenue/income
inter-state the (A) Both Both The Exp.Payable
(c) BillsCurrent
(a)
(A ) owner Comparability Relevance
None Reliability
time is primary
IGSTA/c false, is (A ) (A) (R)
CGST true, (A) of of Liabilities
of and and :They Firms principle of
sale goods but the paise the
A/c of but (R) (R) :.Accounting Or above and and qualities
ensure and firm
goods, sold,
(R) (R)
ar e are and
and comparability free do
(b) Companies. thatrecords not
is is showingconsistency from that
ASsets output true. false. true trueuniformity
which is make include:
and and Standards violated. bias
his
CGST/SGST/IGST
Or (R) (R) the
(d) (b) of (c) medical accounting
1S is in conceptPrudence
Entity(d) (b) Consistency
concept
(d) (b) round
OutputOutput the Accrued not the are Debentures Creditors
(d) (b)
following the Money
correct
the preparation mandatory expenses figures
SGST IGST correct measurement
information
income
explanation in
A/c
A/c account account in the
explanation for the
and financial
(d) Sole firms' useful
is presentation
credited? Liability is concept
of Proprietorship
credited income for
of (A). statement
(A). decision-makine
because of statement.
financial is
Firms, based
it
is1
1
age 14 13 12 11 10
3
of
8 (c) Ritika's
A/c:in
(a) Received
Rs.4,0000(a) Insurance
Premium of
insurance (a)
Voucher
(c) Liabilities=Assets -
(caccounting
) (a)Which Total
(c) (a) Total
9,51,000
Rs.9,04,000
Rs.(c) (a) Jan.25 Jan.10 Jan. 7
Rs.7,500
Rs.8,000 Cash Cash Capital= Jan.during
5 Mr. Read
Debit Debit You
of of Radha
received and
prepared for is Sales the
Rs. premium sales are the
of of following
on on 7,500 Credit Assets Customer's Sales required Sold Sold 10 Sold monthMohan
Debit Debit Book book M/s
Rs.8,000(b) Khanna Almirahs
and old Less:
from is purchases - equation A/c f or
10 40 to 1 Less:
M/s Round Round
5 to of hypothetical
deals
side side on Liabilities is printer
to Round chairs M/s
Rs. paid posted Trade
January
Capital he
tanswer Trade
Ritika 31S12,000 A/c Gupta Furniture @Rs.20,000 Khanna in
is month for
@ Table Table
March Tables Discount furniture.
incorrect to: Discount Rs.4,000 2022: situation
in paid
for the
Rs.2,000 Stores,
Rs.6,000
full (c) of (@Rs.52,000 out Furniture
(@
2023 following House
(d) (b)
(d) Rs.9,06,000
(b) Rs.9,49,000 (b)
(d) January of Rs.50,000
(d) (b) settlement 20% The and
out Credit Credit each Delhi: the 10% each
Rs.8,000
Rs.7,500 will year
one (d) (b)
Assets-Liabilities
Assets=Liabilties to returned
of Ganesh above House, following answer
All Cash 2022
questions:
be: the of of each
of of Customer's Sales each question
on
1"these and following: will Delhi:
on on Rs.8,000. Bros. transactions
Credit Credit Credit A/c be:
(d) August Delhi No
Rs.7,000 + - A/c 9
side side Posting sales CapitalCapital and
2022, were 10.
will unexpired made
be
made by
him

1 1 1 1 1 1
 18 17 16 15

4
f
8 (d)shown (c) of (b) of between
(a) Rs.49,000
A Rs.56,000
(c) (a) )
(ii) (iWhich Positive
(d)Either(c) (b) (a) Rs.28,000
Debit Rs.22,000
(c) (a)Goods (d) Sales Book
Purchase
(c) BookJournal
(bProper
) (a) When Rs.3.050 Rs.1,600 (a) expensesImprest
(c)Tiffin=Rs.
the bank
The The the The The Rs.16,000Cheque Dr. None Negative Positive Bank
Pass Balance balance a
balance balance by Passbalance balance reconciliation of sold firm amount
its the of and were
Book. for 1,050,
bank Book. deposited following the i.e. i.e. of Cash maintains
were cash incurred
as as as as as aboveUnfavourable Favourable pass Rs.5,000.
showncolumn. shown shown per small
shown credited Negative
Balanceor Rs.25,000
plus
12% A/c
statement Or into Cash book
balance in a Repairs-Rs. by
by by by by the cash
by
bank Book Balancemeans: the What
the the the th e ledger
the Balance book, petty
Cheque cash bank cash is for is
prepared Rs.40,000; true, Or will
bank.
Rs.25,000 it cashier
500, be
column column column
Rs.31,000
Rs.24,000
(d) (b) Given: need
Book Rs.25,000
(d) (b) Rs.3,400 (b
Rs.3000(d) General) the
None IGST.
to not duringamount
and of of of ascertain but
the Cash of Sales to
Cash cheques maintain: expenses=Rs400.
Pass Cash these the of
Book Book Al c re-imbursement
month-
Book. the
Book will
with causes of
with
with only be wages-Rs. 450, 1,
the th e creditedby:
of
that balance balancedifferences
if
following

1 1 1
 19 An asset was purchased for Rs.5,00,000 and as per reducing balance method , 20% 1

depreciation is charged each year. What is the value of assets at the end of three
years?
(a) Rs.3,50,000 (b) Rs.2,56,000
(c) Rs.4,00,000 (d) Rs.3,20,000
Or
The term amortisation is used to write off
(a) Fixed Assets (b) Intangible Assets
(c) Tangible Assets (d) Wasting Assets
20 Profit on sale of fixed asset is used to create 1

(a) Specific Reserve (b) General Reserve

(c) Capital Reserve (d) None of the above
21 Give the rules of debit and credit of the three types of accounts. 3

22 3
Explain the meaning of any three of the following terms:
(i) Assets (ii) Debtors (iii) Goods (iv) Capital
23 Explain briefly any three advantages of accounting. 3

Or

Explain any three limitations of Accounting.

24 Record the following transactions of M/s. Kumar &Sons, Delhi in their Sales Book: 3

2023
March 1 Sold to M/s. Gupta &Verma, Delhi:
30shirts (@ Rs.400 each
20 Trousers @ Rs 600 each
Less: Trade Discount (@10%
March 4 Sold old furniture toM/s. Sehgal & Co.,Delhi for Rs.8,000
March 5 Sold 50 shirts to Jain & Sons, Kanpur @Rs.400 each.
March 7 Sold to M/s Mathur & Jain, Kolkata:
100 shirts @ Rs.400 each

10overcoats @ Rs. 1,000 each

Less: Trade Discount@10%
balance' as per cash book
25 Briefly explain the term 'favourable
between the Straight Line Method and Written Down Value Method of 3
26 Distinguish
providing Depreciation..(Any three)
Or
Provision.(Any three)
Distinguish between Reserve and
Pape
 4
27 Discuss Cash and Accrual Basis of Accounting.
Or

Define Accounting Standards? Explain its any three objectives.

4
28 Mohit has the following transactions, prepare accounting equation:
S.No Transaction Amount(Rs.)

(a) Business started with cash 1,50,000

(b) Purchased Machinery on credit 40,000

(c) Purchased goods for cash 20,000
(d) Purchased car for personal use 80,000
e) Paid to creditors in full settlement 38,000
() Sold goods for cash costing Rs.5,000 4,500
(g) Paid Rent 1,000
(h) Commission received in advance 2,000

4
29 Prepare two column cash book from the following information:
2022 Rs.

June 1 Cash in hand 2,800

June 1 Cash at bank 7,000
June 10 Received a cheque from Ravi and immediately 4,950
deposited it into Bank.
June 15 Cash sale 6,000
June 18 Paid into the bank 3,000
June 20 Paid rent 700

June 25 Bank Charges 100

June 30 Withdrawn from bank for personal use 1,500

June 30 Purchased goods on credit from Vinay 4,000

30 Explain the qualitative characteristics of accounting information. 6

Or

What is accounting? Define its objectives.(any five)

31 Explain the following accountingprinciples/concepts: 6

(i) Accrual Concept

(i) Money Measurement Concept
(ii) Conservatism or Prudence Concept

Page 6 of 8
 32 Prepare Journal from the transactions given below:
(a) Proprietor withdrew for private use Rs. 10,000 from bank.
(b) goods costing Rs.50,000 were burnt by fire.
(c) Purchased machinery for cash Rs.1,50,000 and paid
Rs.2,000 on its
Installation.
(d) Charge 5% depreciation on building costing
Rs.2,00,000 and 8%
Depreciation on furniture costing Rs.5,000.
(e) Prepaid salary Rs.2, 000.
(O Kapil who owed us Rs.20, 000
becomes insolvent and nothing is received from
his estate.
33 From the following particulars, you are required to
ascertain the bank balance as 6
would appear in the Cash Book of Ramesh as on 31
(i) Bank Pass Book showed an
October,2022:
overdraft of Rs. 16,500 on 31$ October.
(ii) Interest of Rs. 1,250 on overdraft up to 31st
October, 2022 hasbeen debited in the
Bank Pass Book but it has not been entered in
the Cash Book.
(iii) Bank charges debited in the Bank Pass Book
amounted to Rs.35.
(iv) Cheques issued prior to 31October ,2022 but not
presented till that date
,amounted to Rs. 11,500.
(v) Cheques paid into bank before
31"October, but not collected and credited up to
that date, were for Rs.2,500.
(vi) Interest on investment collected by the
bankers and credited in the Bank Pass
Book amounted to Rs.1, 800.
34 A Firm purchasedon 1 April, 2020a
second-hand machinery for Rs.36,000 and 6
spent Rs.4,000 on its installation.
On 1s0ctober in the same year,
another machinery costing Rs.20,000 was
purchased. On 1 October, 2022, machinery bought on 1 April,2020 was sold for
Rs.12,000 and a new Machinery was purchased for Rs.64,000 on the
same date.
Depreciation is provided annually on 31" March @ 10% p.a.on the Written Down
Value Method.
Show Machinery Account for 3 years ending on 31 March, 2023.

OR
Following balances appear in the books of Kaushal Traders as on 1 April 2022:
2022 Rs.
1* April Machinery Alc 60,000
Provision for Depreciation Ac 36,000
On 1*April, 2022, they decided todispose off a machinery for Rs.,8,400 which was
purchased on 1* April 2018 for Rs. 16,000.
Prepare Machinery Account, Provision for Depreciation Account and Machinery
Disposal Account for the year ended 31st March, 2023. Depreciation was charged
@10% p.a. on cost following Straight Line Method.