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1 oo ks. co m w w w.s ur ab For Order : orders@surabooks.com Ph: /
2 Model Question Papers Based on Scheme of Examination as per G.O. (2D). No. 50 dated : Type of Questions Accountancy Time : 2½ hours Written Exam Marks : 90 Marks Higher Secondary - First year Question Paper Pattern (For Subjects without Practical Exam) Marks No. of Questions to be answered Total Marks 1 Mark questions Questions for Very Short Answers : (Total 10 questions. Out of which 1 question is compulsory). Questions for Short Answers : (Total 10 questions. Out of which 1 question is compulsory). Questions for Long Answers : (With sub-sections) Total 90
3 11 th STD. Model Question Paper Time : 2½ Hours Accountancy Marks : 90 Answer all the questions. Part - I Choose the correct answer. (20 1 = 20) 1. The Debts owing to others by business is known as a) Liabilities b) Expenses c) Debtors 2. Assets Liabilities = a) Drawings b) Capital c) Incomes 3. As per dual aspect concept every business transaction has a) Three Aspects b) One Aspect c) Two Aspects 4. Capital account is an example of a) Personal A/c b) Real A/c c) Nominal A/c 5. The Liability of a business is 30,000 and capital is 70,000. The total of assets a) 70,000 b) 1,00,000 c) 30, Which is the following is correct a) Capital = Assets + Liabilities b) Capital = Assets Liabilities c) Liabilities = Assets + Capital 7. What is the correct order in which the Accounting transactions and events are recorded in the Books? 1. Trial Balance 2. Journal 3. Transactions 4. Ledger a) b) c) [ 2 ]
4 Sura s +1 Std - Accountancy Model Question Papers 3 8. Ledger is a book of a) Original Entry b) Final Entry c) Primary Entry 9. On 1 st January 2017 Chandran draws a bill on Sundar for three months. Its due date is a) 31 st March 2017 b) 1 st April 2017 c) 4 th April Goods purchased on cash is recorded on a) Cash Book b) Purchase Book c) Journal Proper 11. On 1 st January ,000/- was given to petty cashier. He has spent 860/- during the month of January. On 1 st February to make imprest he will receive cheque for a) 1000/- b) 860/ c) 1,860/- 12. Bank Reconciliation Statement is prepared by a) Bank b) Creditor c) Customer of the Bank 13. Trial Balance is prepared to find out the a) Profit or Loss b) Financial position c) Arithmetical accuracy of the accounts. 14. Suspense A/c are recorded in a) Trading A/c b) Profit & Loss A/c c) Balance Sheet 15. Which of the following is an example of Capital expenditure a) Drawing b) Outstanding expenses c) Machinery purchased 16. Which of the following expenses debited to Trading A/c a) Wages b) Salary c) Interest on capital 17. A deposit is made by filling a form called a) Cash Memo b) Cash Receipt c) Pay in slip 18. Purchase refers to buying of a) Stationary for office use b) Asset for the factory c) Goods for resale.
5 4 Sura s +1 Std - Accountancy Model Question Papers 19. If cheque issued by us was dishonoured the credit is given to a) Suppliers A/c b) Customer s A/c c) Bank A/c 20. The Salary paid to Manager is debited to a) Manager A/c b) Office Expenses A/c c) Salary A/c Part - II Any seven questions in which question No. 21 is compulsory. (7 2 = 14) 21. Explain going concern Assumption. 22. How are accounts classified? 23. What is meant by Cash Memo? 24. What is Voucher? 25. Supply the Missing Amount on the basis of a/c equation Assets = Liabilities + Capital 1. 20,000 = 15,000 +? 2? = 5, , Indicate the nature of normal balance in following Accounts. a) Creditors b) Debtors c) Computer d) Capital 27. Mention the Subsidiary books in which the following transaction are recorded. 1. Purchased goods from Raman 10, Defective goods returned by Kavitha worth 3, Prepare Bank Reconciliation statement from the following 1. Debit balance as per Cash Book 15, Cheque deposited into bank but not collected 1,000/- 3. Cheque issued but not presented for payment 1, Interest allowed by bank 200
6 Sura s +1 Std - Accountancy Model Question Papers Rectify the following Journal entries. (i) Purchase A/c Dr 6,000 To Cash 6,000 (Purchase of furniture) (ii) Arul A/c Dr 10,000 To Cash 10,000 (Cash Received from Arul) 30. What is Cash Discount? Part - III Answer any seven questions in which Question No. 31 is compulsory. (7 3 = 21) 31. When Sales Manager is not on good terms with Production Manager. Whether the business is bound to suffer. Is this transaction will be recorded in the Books? How? 32. What do the following Journal entry mean? (i) Cash A/c Dr To Furniture A/c (ii) Rent A/c Dr To Cash (iii) Bank A/c Dr To Cash 33. What are the Golden Rules of Accounting? 34. Journalise the following opening entry Details Cash 2,000 Machinery 50,000 Furniture 5,000 Creditors 13,000 Debtors 18,000
7 6 Sura s +1 Std - Accountancy Model Question Papers 35. Enter the following in proper subsidiary Books 2017 July 1 Goods Sold to Ramesh 1,000 5 Goods Sold to Sundar on cash Goods Sold to Kumar 2, Sold Furniture 1, Goods Sold to Shankar Prepare Single Column cash book of Mrs. Latha 2013 September 1 Cash in Hand 20,000 4 Cash Purchase 4,000 7 Cash Sales 8, Paid to Balan 5, Rent Paid 1, Received Dividend From the following information prepare analytical petty cash book 2017 January 1 Received Cash from Head Cashier Postage Stamps 40 8 Travelling Expenses Stationery Purchased Paid to Ravi Bus fare paid 80
8 Sura s +1 Std - Accountancy Model Question Papers Rectify the following errors from Ganesan s Book 1. Purchase Return Book was overcast by 1, Furniture sold 2,000/- was recorded in the Sales Book 3. Cash received from Bala 300 recorded in Balu s a/c 39. From the following information prepare Profit & Loss a/c for the year ended Details Gross Profit 1,25,000 Rent 5,000 Selling Expenses 500 Discount Allowed 600 Interest Paid 500 Commission received 2000 Salary 15,000 Carriage outward 1,000 Discount Received 1,000 Interest received 100 Interest on investment 1, Post the following in the ledger of Mr. Govindan directly and balance them August 1 Sold goods to Arumugam on credit 17,500/- 9 Bought goods from chellappan 22,500/- 12 Met Travelling expenses 2,500/- 15 Received 80,000 from Sivakumar as loan. 21 Paid wages to works 3,000
9 8 Sura s +1 Std - Accountancy Model Question Papers Part - IV Answer all the questions. (7 5 = 35) 41. On the basis of narration, fill the missing value and re-write the journal in your answer sheet Date Particulars LF Dr Cr () () ,00,000 To (Being Capital Introduced) To... 1,00,000 (Being goods purchased) ,000 To (Being goods sold) To (Being cartage paid ) ,000 To (Being computer purchase)
10 Sura s +1 Std - Accountancy Model Question Papers 9 From the following particulars prepare a balance sheet of Mr.Venugopal as on 31 st December, Details Capital 40,000 Debtors 6,400 Furniture 4,060 Net Profit 1,660 Closing Stock 14,800 Drawings 4,400 Creditors 4,200 Cash at bank 7,200 Plant & Machinery General Reserve On 31 st March 2004 the cash book of Fashion World showed a balances of 1,500/- as cash at bank, but the bank pass book as on that date showed that cheques for 185/-, 175/- and 100/- had not been presented for payment. Also cheques to the amount of 410/- paid into the bank had not been cleared. Find out the balance as pass book as on the date. The following are some of the balances extracted from the ledger of Mr.Sundaram as on 31 st December Prepare Trading account. Particulars Debit Credit () () Stock ,500 Purchases 1,00,000 Sales 1,50,000 Return outwards 5,000 Return inwards 10,000 Factory rent 4,400 Wages 7,500 Power, coal, gas 1,000 Carriage inwards 750 Note : Stock on was valued at 14,000
11 10 Sura s +1 Std - Accountancy Model Question Papers 43. Classify the following as Capital or revenue? i) Carriage paid on goods purchased 100 ii) Legal expenses paid for raising loans 2,000 iii) Cost of maintenance of buildings 5,000 iv) investment costing 40,000 purchased a few years back were sold for 50,000 v) Annual White Washing charges 8,000 Classify the following as Capital or revenue. i) spent on purchasing a patent right ii) Freight Charges paid on new plant amounts to 700 iii) Repairs of 575 for furniture iv) 5,000 spent towards expenses connected with rain water harvesting as per government order v) 75,0000 spent towards initial and high advertising expenses 44. Rectify the following errors: i) Credit purchase of goods from Madhan of 30,000 has been wrongly entered in the sales book ii) 5,000 received from Selvam has been credited to Selvi s account iii) 1,000 received as interest was credited to commission account iv) Sales book total 87,800 was wrongly totalled as 78,800 v) The total of discount column, on the debit side of the cash book has been added short by 400
12 Sura s +1 Std - Accountancy Model Question Papers 11 Rectify the following errors: i) 12,000 paid of salary to cashier Govindan, stands debited to his personal account ii) 5,000 withdrawn by the proprietor for his personal use has been debited to trade expenses account iii) Cash received from Bala 300 was credited to Anthony account iv) Mahesh returned goods worth No entry was passed in the books to this effect v) A credit sale of 2,000 to Janakiraman has been wrongly passed through the purchases book 45. Prepare a Trial Balance as on from the following balances of Mr.Sabapathi Capital 3,40,000 Drawings 40,000 Creditors 10,000 Purchases 1,00,000 Salaries 50,000 Carriage Inwards 10,000 Sales 1,60,000 Machinery 2,00,000 Debtors 90,000 Bills Receivable 20,000 From the following information prepare balance sheet of Mr. Shankar as on 31st December Capital 90,000 Bills Payable 5,350 Goodwill 10,000 Closing stock 40,000 Cash on Hand 10,000 Sundry Debtors 25,000 Investment 500 Drawing 15,000 Net profit 46,900 Land & Buildings 30,000 Bills Receivable 9,500 Furniture 6,750 Plant and Machinery 20,000 Bank 10,000 Sundry Creditors 31,500
13 12 Sura s +1 Std - Accountancy Model Question Papers 46. The Cash book of Mr.Elavarasan showed that he had an overdraft of 8000 on 31 st October On verification of the cashbook and the Bank Pass book the following points were noticed : i) Cheque worth 1400 paid into bank had not been collected till 31 st October ii) Cheque worth 720 issued before 31 st October had not been presented for payment iii) Interest on overdraft 110 charged by the bank was not entered in the cash book iv) A bill receivable worth 800 discounted on 1 st September was dishonoured v) A customer had paid into the bank directly 450 and this was not entered in the cash book Prepare a Bank Reconciliation Statement as on Journalise the following transaction in Tmt.Rani s Journal and post them to ledger and balance them 2003 Sep. 1 Tmt.Rani Started business with 3,00,000 5 Opened a current account with Indian Overseas Bank 50, Bought goods from Tmt.Sumathi 90, Paid to Tmt.Sumathi 90, Sold goods to Tmt.Chitra 1,26,000
14 Sura s +1 Std - Accountancy Model Question Papers Enter the following transactions in the Triple Column Cash book of Mr.Raja 2017, May 1 Cash Balance 6,000 Bank Balance 4,000 2 Withdrew from bank 2,000 8 Arul directly paid into our bank account 3, Cheque received from Daniel 5, Received cash from Subramanian 2,800 Discount allowed Paid to Balu by cheque 13,900 Discount received 100 Enter the following transactions in cash book with cash and bank of double column cash book 2017 May 1 Cash in hand 30,000 7 Paid into bank 10,000 9 Cash purchases 2, Loan obtained from Vasan 7, Cash Sales 2, Salary Paid 4,000
15 11 th STD. Sura s Model Question Paper - 1 Based on Scheme of Examination as per G.O. (2D). No. 50 dated : Time : 2½ Hours Accountancy Marks : 90 Part - I Answer all the questions. Choose the correct answer. (20 1 = 20) 1. Assets minus liabilities is a) drawings b) capital c) credit 2. The person who wants to record the business transaction is. a) Business man b) Transactor c) Customer 3. The stage of a book-keeping is. a) Primary b) Secondary c) Last 4. Transactions related to individuals, firms, institutions are classified into. a) personal A/c b) real A/c c) nominal A/c 5. Cash is classified under. a) nominal A/c b) real A/c c) personal A/c 6. Nominal account having credit balance represents a) income / gain b) expenses / losses c) assets 7. The balances of personal and real accounts are shown in the a) profit and loss account b) balance sheet c) both 8. Purchased materials for resale is a. a) capital expenditure b) revenue expenditure c) None of these [14]
16 Sura s +1 Std - Accountancy Model Question Papers The receipt which is earned during the normal course of business is. a) capital receipt b) revenue receipt c) investment receipt 10. Under equation approach, the accounts are classified into. a) 3 Categories b) 4 Categories c) 5 Categories 11. When a trader sells goods on credit, he prepares a sale. a) Voucher b) Invoice c) Debit note 12. The balance of cash book indicates a) net income b) cash in hand c) difference between debtors and creditors 13. If a cheque sent for collection is dishonoured, the debit is given to a) suppliers A/c b) bank A/c c) customers A/c 14. When balance as per Cash Book is the starting point, to ascertain the balance as per pass book interest charged by Bank is: a) added b) subtracted c) not adjusted 15. The bank statement shows an overdrawn balance of 2,000. A cheque for 500 drawn in favour of a creditor has not yet been presented for payment. When the creditor presents the cheque for payment, the bank balance will be a) 1,500 b) 2,500 (overdrawn) c) 2, Current liabilities are recorded in the balance sheet on a) not recorded b) liability side c) assets side 17. Trading account is prepared to find out a) gross profit or loss b) net profit or loss c) financial position
17 16 Sura s +1 Std - Accountancy Model Question Papers 18. Interest will be charged for the amount overdrawn is. a) overdraft b) profit c) loss 19. The bank statement shown on overdrawn balance of 4,000. A cheque for 500 drawn in favour of a creditor has not yet been presented for payment. When the creditor presents the cheque for payment, the bank balance will be a) 3,500 b) 4,500 (overdrawn) c) 2, is prepared to avoid the delay in the preparation of final accounts. a) Suspense Account b) Total Debtors Account c) Total Creditors Account Part - II Any seven questions in which question No. 21 is compulsory. (7 2 = 14) 21. Define Book-keeping. 22. What do you mean by materiality principle? 23. Write notes on real accounts. 24. On 31 st December 2003, the total assets and liabilities were 1,00,000 and 30,000 respectively. Calculate Capital. 25. Define ledger. 26. What is Purchases Book? 27. What is single column cash book? 28. What is a Bank Reconciliation Statement? 29. What is a Trial Balance? 30. What are Capital profits?
18 Sura s +1 Std - Accountancy Model Question Papers 17 Part - III Answer any seven questions in which Question No. 31 is compulsory. (7 3 = 21) 31. What are the objectives of book-keeping? 32. What do you mean by going concern assumption? 33. Classify the following items into real, personal and nominal accounts a) Capital b) Purchases c) Goodwill d) Copyright e) Latha f) State Bank of India g) Electricity Charges h) Dividend i) Ramesh j) Outstanding rent 34. Give transactions with imaginary figures involving the following : i) Increase in assets and capital, ii) Increase and decrease in assets, iii) Increase in an asset and a liability, 35. Explain the utilities of a ledger. 36. Write notes on rectifying entries. 37. From the following particulars, prepare single column cash book of Ms. Kokila Mar. 1 Cash in hand 20, Cash purchases 4, Cash sales 8, Paid to Balan 5,000 9 Received cash from Cheran 10,000.
19 18 Sura s +1 Std - Accountancy Model Question Papers 38. What are the advantages of petty cash book? 39. Make a bank reconciliation statement of Mr. Udayakumar from the following particulars. a) Balance as per cash book 1,500. b) Cheques deposited but not cleared 100. c) Cheques issued but not presented for payment 150. d) Interest allowed by bank Prepare a trading account of Mr. Devan for the year ended 31st December Opening stock 5,700 Purchases 1,58,000 Purchases returns 900 Sales 2,62,000 Sales returns 600 Closing stock was valued at 8,600.
20 Sura s +1 Std - Accountancy Model Question Papers 19 Part - IV Answer all the questions. (7 5 = 35) 41. From the following trial balance of Mrs. Saratha Devi prepare the trading accounts as on Particulars Particulars Drawings 18,000 Capital 1,00,000 Buildings 15,000 Loan from Raji 15,000 Furniture & fittings 7,500 Sales 1,00,000 Motor car 25,000 Commission received 7,500 Interest 900 Sundry Creditors 10,000 Purchases 75,000 Opening stock 25,000 General expenses 15,000 Wages 2,000 Insurance 1,000 Sundry Debtors 28,100 Bank Balance 10,000 Suspense A/c 10,000 2,32,500 2,32,500 Closing stock on was 32,000.
21 20 Sura s +1 Std - Accountancy Model Question Papers From the following particulars prepare a balance sheet of Mrs. Geetha Ravichandran as on Particulars Sundry creditors 43,000 Bills Payable 4,000 Bank overdraft 6,000 Capital 24,000 Net profit 65,100 Drawings 6,000 Cash 13,400 Sundry debtors 50,000 Bills receivable 5,000 Closing Stock 73,000 Fittings 4, From the following particulars, prepare the bank reconciliation statement for Mr. Thirumalai Nambi as on a) Overdraft as per pass book on March 31, 2006 was 25,000. b) Cheque issued before that date, but present for payment after that date amounted to 1,200. c) Cheques paid into bank but not cleared and credited on or before amounted to 3,200. d) Interest on overdraft amounting to 175 debited in the pass book but not entered into the cash book. e) Interest on investment amounting to 700 was collected by bank not entered in the cash book.
22 Sura s +1 Std - Accountancy Model Question Papers 21 Enter the following transactions in a petty cash book of Mr. Jack with analytical columns. The petty cashier begins with an imprest amount of 1, June 4 Postage stamps 40 5 Travelling expenses 75 6 Lunch expenses Labour charges for bringing office tables Repair charges to fax machine Postage stamps Prepare a single column cash book from the following particulars of Mr. Chandran Dec 1 Cash balance 80, Bought goods for cash 25,000 9 Purchased goods on credit from Guru 6, Sold goods to Somu on credit 8, Paid Guru 6, Cash received from Somu 8,000.
23 22 Sura s +1 Std - Accountancy Model Question Papers Enter the following transactions in the Purchase Book of M/s. Subhashree March 1 Purchased 100 Kg. of coffee seeds from 40 per Kg. 5 Purchased 80 Kg. of tea dust from 20 per Kg. 12 Bought from Rekha Sugars, Trichy 1,200 Kg. of 8 per Kg. 18 Bought from Perumal Sweets, Chennai, 40 tins of 200 per tin. 20 Purchased from Govinda Biscuit Company, Chennai 20 tins of 400 per tin. 44. Journalise the following transactions of Mr. Kannan. 2004, March 1 Mr. Kannan started business with 25, Bought goods for 5, Sold goods for 12, Paid rent 2, Withdrew cash from Bank 5,600. What are the advantages of Double Entry System? (any five points) 45. Write short notes on a) Prudence principle b) Dual aspect concept What are the advantages of book-keeping? (any five points) 46. Post the following transactions direct into ledger of Tmt. Amutha. Prepare Cash A/c, Capital A/c and Sales A/c. 2004, Jan. 1 Tmt. Amutha commenced business with cash 50,000 2 Purchased goods for cash 10,000 5 Purchased goods from Mohan on credit 6,000 7 Paid into Bank 5, Purchased furniture 2, Sold goods to Suresh on credit 5,000
24 Sura s +1 Std - Accountancy Model Question Papers 23 Raju gives you the following expenses which were incurred in his business during the year 2003, classify them into capital,revenue or deferred revenue i. 12,000 spent on purchasing a patent right ii. Freight charges paid on new plant amounts to 700 iii. iv. Repairs of 575 for furniture 5,000 spent towards expenses connected with rain water harvesting as per Government orders v. 7,500 spent towards initial advertising expenses. 47. Rectify the following journal entries. i. Purchases A/c Dr. 6,000 To Cash A/c 6,000 (Purchase of furniture) ii. Arul A/c Dr. 10,000 To Cash A/c 10,000 (Salary paid to Arul) iii. Ravi A/c Dr. 1,500 To Cash A/c 1,500 (Rent paid) iv. Sales A/c Dr. 12,000 To Cash A/c 12,000 (Credit sale to Navin) v. Cash A/c Dr. 8,000 To Babu A/c 8,000 (Cash sales)
25 24 Sura s +1 Std - Accountancy Model Question Papers Rectify the following errors which are located in the books of Mr. Ganesh. i. The purchases return book overcast by 1,500. ii. iii. iv. Received 2,000 from Shankar debited to his account. The sales book undercast by 1,500. 1,500 received from Geetha was entered on the debit side of the cash book. No posting was done to Geetha s A/c. v. Sale of old furniture for 2,000 treated as sale of goods.
26 11 th STD. Sura s Model Question Paper - 2 Based on Scheme of Examination as per G.O. (2D). No. 50 dated : Time : 2½ Hours Accountancy Marks : 90 Part - I Answer all the questions. Choose the correct answer. (20 1 = 20) 1. Goodwill is an example of a) tangible real A/c b) intangible real A/c c) nominal A/c 2. Commission received is an example of a) real A/c b) personal A/c c) nominal A/c 3. When the balance as per Cash Book is the starting point to ascertain balance as per pass book, direct deposits by customers are: a) added b) subtracted c) not adjusted 4. When the balance as per Cash Book is the starting point to ascertain balance as per pass book, direct payment by bank are: a) added b) subtracted c) not adjusted 5. Balance sheet is a a) statement b) account c) ledger 6. Fixed assets have a) short life b) long life c) no life 7. Real accounts always show a) debit balances b) credit balances c) nil balance 8. Account having credit balance is closed by writing a) To Balance b/d b) By Balance c/d c) To Balance c/d For Order : orders@surabooks.com [25] Ph: /
27 26 Sura s +1 Std - Accountancy Model Question Papers 9. Assets = 1,00,000; Liabilities = 45,000; Capital =? a) 1,45,000 b) 1,00,000 c) 55, Capital = 60,000; Assets = 1,35,000; Liabilities =? a) 1,95,000 b) 75,000 c) 60, The person who receives the payment of the bill is. a) banker b) drawee c) payee 12. Goods returned to suppliers are recorded in. a) sales book b) purchase return book c) sales return book 13. will show a debit balance. a) Cash book b) Pass book c) Petty cash book 14. Bank overdraft is available only to the holders. a) Fixed account b) Joint account c) Current account 15. State which of the following errors will not be revealed by the Trial Balance. a) Errors of complete omission. b) Error of carrying forward. c) Wrong totalling of the purchases book. 16. Errors which affect one side of an account are called a) Single sided errors b) Double sided errors c) None of the above. 17. Capital is a a) income b) assets c) liability 18. Drawing must be deducted from a) net profit b) capital c) gross profit 19. Credit sales are recorded in a) sales book b) cash book c) journal proper 20. Goods returned by customers are recorded in a) sales book b) sales return book c) purchases return book
28 Sura s +1 Std - Accountancy Model Question Papers 27 Part - II Any seven questions in which question No. 21 is compulsory. (7 2 = 14) 21. Define Accounting. 22. What do you mean by going concern assumption? 23. Explain nominal accounts. 24. The capital and liabilities of a trader were 1,00,000 and 50,000 respectively. Calculate the value of assets. 25. What is posting? 26. What is Days of grace? 27. What are contra entry. 28. Who prepares a bank statement? 29. What are the objectives of preparing a Trial Balance? 30. Mention the subsidiary books in which the following transaction. 1. Purchased goods from Raman 10, Defective goods returned by Santhosh worth 3,000 Part - III Answer any seven questions in which Question No. 31 is compulsory. (7 3 = 21) 31. Prepare a trading account of Mr. Vasu from the following figures. Opening stock 500 Purchases 2,500 Sales 3,600 Closing stock 300
29 28 Sura s +1 Std - Accountancy Model Question Papers 32. Supply the missing amounts on the basis of accounting equation. Assets = Capital + Liabilities i) 50,000 =? + 24,000 ii)? = 3,00, , Explain the branches of accounting. 34. What are the golden rules of Accounting? 35. Indicate the nature of normal balance in the following accounts. a. Cash b. Creditors c. Sales d. Furniture e. Commission received f. Debtors g. Purchases 36. Write notes on parties involved in a bill of exchange. 37. Classify the following expenses into Capital and revenue. i. registration expenses incurred for the purchase of land. ii. repairing charges paid for remodelling the purchased old building. iii. profit earned on the sale of old furniture. 38. What are the advantages of a Trial Balance? 39. On 31st March 2004 the cash book of Fashion World showed a balance of 1,500 as cash at bank, but the bank pass book as on that date showed that cheques for 185, 175 and 100 had not been presented for payment. Also cheques to the amount of 410 paid into the bank had not been cleared. Find out the balance as per pass book as on that date. 40. Write notes on posting the petty cash book. Part - IV Answer all the questions. (7 5 = 35) 41. Write short notes on a) Prudence principle b) Dual aspect concept
30 Sura s +1 Std - Accountancy Model Question Papers 29 From the following particulars prepare a balance sheet Mr. Murugan as on 31 st Dec Details Sundry creditors 50,000 Bills Payable 20,000 Capital 1,80,000 Net profit 12,000 Drawings 20,000 Cash in hand 5,000 Cash at bank 10,000 Sundry debtors 70,000 Bills receivable 12,000 Closing stock 50,000 Furniture 15,000 Plant and Machinery 80, Journalise the following in the Journal of Thiru. Gowri Shankar. 2003, Oct. 1 Received cash from Siva 75,000 7 Paid cash to Sayeed 45, Bought goods for cash 27, Bought goods on Credit from David 48, Sold goods for cash 70,000 Post the following transactions direct into ledger of Mr. Moorti. Prepare of Cash A/c, Sales A/c and Furniture A/c. 2004, June 3 Received cash from Ram Kumar 60,000 4 Purchased goods for cash 15, Sold goods to Damodaran 22, Paid to Ramkumar 40, Received from Damodaran 20,000
31 30 Sura s +1 Std - Accountancy Model Question Papers 43. Enter the following transactions in proper purchases book March 1 Purchased goods from Balaraman Sold goods to Senthil 1,000 3 Goods purchased from Durai 1,000 5 Sold goods to Saravanan Sold goods to Senthil Purchased goods from Elangovan 600 Enter the following transactions in cash book with cash and discount column of Mr. Nandakumar Jan 1 Cash in hand 60, Bought goods from Premnath 10, Opened a current account with bank 15, Withdraw from bank 5, Sold goods to Kandan for 10,000 credit on terms 2% cash discount if payable within two weeks. 44. Enter the following Petty transactions in the Analytical Petty Cash Book of Mr. Elangovan 2002 Oct. 1 Balance in hand Received from the head cashier Paid electricity charges Bought stationery Printing charges Postage stamps purchased 65 The Cash Book of Mr. Elavarasan showed that he had an Overdraft of 8,000 on 31st October, On verification of the Cash Book and the Bank Pass Book the following points were noticed: a) Cheques worth 1,400 paid into the Bank had not been collected till 31st October. b) Cheques worth 720 issued before 31st October had not been presented for payment. c) Interest on Overdraft 110 charged by the Bank was not entered in the Cash Book. d) A Bill Receivable worth 800 discounted on 1st September was dishonoured. e) A customer had paid into the Bank directly 450 and this was not entered in the Cash Book. Prepare a Bank Reconciliation Statement as on
32 Sura s +1 Std - Accountancy Model Question Papers Rectify the following journal entries. i. Purchases A/c Dr. 6,000 To Cash A/c 6,000 (Purchase of furniture) ii. Arul A/c Dr. 10,000 To Cash A/c 10,000 (Salary paid to Arul) iii. Ravi A/c Dr. 1,500 To Cash A/c 1,500 (Rent paid) iv. Sales A/c Dr. 12,000 To Cash A/c 12,000 (Credit sale to Navin) v. Cash A/c Dr. 8,000 To Babu A/c 8,000 (Cash sales) Classify as capital and revenue i. carriage paid on goods purchased ii. iii. iv. legal expenses paid for raising of loans cost of maintenance of building investments costing 40,000 were purchased a few years back, were sold for 50,000 v. annual white washing charges amounted to 1,000
33 32 Sura s +1 Std - Accountancy Model Question Papers 46. Given below is the trial balance of Shri. Hari Prakash. Prepare trading and profit and loss account for the year ended 31st March Particulars Dr. () Cr. () Stock as on ,000 Sales 2,90,000 Sales returns 10,000 Purchases 2,45,000 Purchase returns 5,000 Carriage inwards 4,000 Carriage outwards 6,000 Wages 12,000 Salaries 18,000 Printing and stationary 900 Discount allowed 900 Discount received 600 Depreciation 3,000 Buildings 2,08,100 Trade Expenses 5,600 Capital 2,72,900 Bills receivables 20,000 Bills Payable 15,000 5,83,500 5,83,500 What are the advantages of Double Entry System? (any five points) 47. Show the accounting equation on the basis of the following transactions : i) Ramya started business with cash 25,000 ii) Purchased goods from Shobana 20,000 iii) Sold goods to Amala costing 18,000 25,000 iv) Ramya withdrew from business 5,000 Give journal entries and rectify the following errors. a) Purchase of furniture for 15,000 was debited to purchases account. b) Sales Returns Book was undercast by 210. c) Depreciation of 500 on furniture was entered as 5,000. d) Salary 4,500 paid to a clerk due to him has been debited to his personal account
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