· pdf file ... but the bank pass book as on that date showed that ... find out the balance...

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Model Question Papers

AccountancyTime : 2½ hours

Written Exam Marks : 90 Marks

Based on Scheme of Examination as per G.O. (2D). No. 50 dated : 09-08-2017

Type of Questions MarksNo. of Questions

to be answeredTotal

Marks1 Mark questions 1 20 20Questions for Very Short Answers : (Total 10 questions.Out of which 1 question is compulsory).

2 7 14

Questions for Short Answers : (Total 10 questions.Out of which 1 question is compulsory).

3 7 21

Questions for Long Answers : (With sub-sections).

5 7 35

Total 90

Higher Secondary - First year

Question Paper Pattern (For Subjects without Practical Exam)

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11thSTD.

Time : 2½ Hours Accountancy Marks : 90

Model Question PaPer

Part - I

Answer all the questions.

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 Rs.30,000 and capital is Rs.70,000. The total of assets Rs.__________

a) 70,000 b) 1,00,000 c) 30,000

6. 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) 2-3-4-1 b) 1-2-3-4 c) 3-2-4-1

[ 2 ]

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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 1st January 2017 Chandran draws a bill on Sundar for three months. Its due date is

a) 31st March 2017 b) 1st April 2017 c) 4th April 2017

10. Goods purchased on cash is recorded on

a) Cash Book b) Purchase Book c) Journal Proper

11. On 1st January 2017 Rs.1,000/- was given to petty cashier. He has spent Rs.860/- during the month of January. On 1st February to make imprest he will receive cheque for

a) Rs.1000/- b) Rs.860/ c) Rs.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.

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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 + Capital1. 20,000 = 15,000 + ?2 ? = 5,000 + 10,000

26. 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 Rs.10,000

2. Defective goods returned by Kavitha worth Rs.3,000

28. Prepare Bank Reconciliation statement from the following

1. Debit balance as per Cash Book Rs.15,000

2. Cheque deposited into bank but not collected Rs.1,000/-

3. Cheque issued but not presented for payment Rs.1,500

4. Interest allowed by bank Rs.200

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29. 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 Rs.

Cash 2,000

Machinery 50,000

Furniture 5,000

Creditors 13,000

Debtors 18,000

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35. Enter the following in proper subsidiary Books

2017 July 1 Goods Sold to Ramesh Rs.1,000

5 Goods Sold to Sundar on cash Rs.300

10 Goods Sold to Kumar Rs.2,200

15 Sold Furniture Rs.1,700

18 Goods Sold to Shankar Rs.500

36. Prepare Single Column cash book of Mrs. Latha

2013 September 1 Cash in Hand Rs.20,000

4 Cash Purchase Rs.4,000

7 Cash Sales Rs.8,000

18 Paid to Balan Rs.5,000

20 Rent Paid Rs.1,000

25 Received Dividend Rs.500

37. From the following information prepare analytical petty cash book

2017 January 1 Received Cash from Head Cashier Rs.400

4 Postage Stamps Rs.40

8 Travelling Expenses Rs.50

10 Stationery Purchased Rs.60

12 Paid to Ravi Rs.70

15 Bus fare paid Rs.80

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38. Rectify the following errors from Ganesan’s Book

1. Purchase Return Book was overcast by Rs.1,500

2. Furniture sold Rs.2,000/- was recorded in the Sales Book

3. Cash received from Bala Rs.300 recorded in Balu’s a/c

39. From the following information prepare Profit & Loss a/c for the year ended 31.03.2015

Details Rs.

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 1,500

40. Post the following in the ledger of Mr. Govindan directly and balance them.

2003 August 1 Sold goods to Arumugam on credit Rs.17,500/-

9 Bought goods from chellappan Rs. 22,500/-

12 Met Travelling expenses Rs.2,500/-

15 Received Rs.80,000 from Sivakumar as loan.

21 Paid wages to works Rs.3,000

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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 (Rs.) (Rs.)

01.01.2017 .................. 6,00,000

To............... ..........

(Being Capital Introduced)

05.01.2017 .................. ...........

To............... 1,00,000

(Being goods purchased)

08.01.2017 .................. 50,000

To............... ..........

(Being goods sold)

11.01.2017 .................. ..........

To............... 500

(Being cartage paid )

15.01.2017 .................. 20,000

To............... ..........

(Being computer purchase)

(OR)

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From the following particulars prepare a balance sheet of Mr.Venugopal as on 31st December, 2016.

Details Rs.Capital 40,000Debtors 6,400Furniture 4,060Net Profit 1,660Closing Stock 14,800Drawings 4,400Creditors 4,200Cash at bank 7,200Plant & Machinery 10000General Reserve 1000

42. On 31st March 2004 the cash book of Fashion World showed a balances of Rs.1,500/- as cash at bank, but the bank pass book as on that date showed that cheques for Rs.185/-, Rs.175/- and Rs.100/- had not been presented for payment. Also cheques to the amount of Rs.410/- paid into the bank had not been cleared. Find out the balance as pass book as on the date.

(OR) The following are some of the balances extracted from the ledger of Mr.Sundaram as on 31st

December 2014. Prepare Trading account.Particulars Debit Credit (Rs.) (Rs.)Stock 01.01.2014 12,500Purchases 1,00,000Sales 1,50,000Return outwards 5,000Return inwards 10,000Factory rent 4,400Wages 7,500Power, coal, gas 1,000Carriage inwards 750

Note : Stock on 31.12.2014 was valued at Rs.14,000

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43. Classify the following as Capital or revenue?

i) Carriage paid on goods purchased Rs.100

ii) Legal expenses paid for raising loans Rs.2,000

iii) Cost of maintenance of buildings Rs.5,000

iv) investment costing Rs.40,000 purchased a few years back were sold for Rs.50,000

v) Annual White Washing charges Rs.8,000

(OR)

Classify the following as Capital or revenue.

i) Rs.12000 spent on purchasing a patent right

ii) Freight Charges paid on new plant amounts to Rs.700

iii) Repairs of Rs.575 for furniture

iv) Rs.5,000 spent towards expenses connected with rain water harvesting as per government order

v) Rs.75,0000 spent towards initial and high advertising expenses

44. Rectify the following errors:

i) Credit purchase of goods from Madhan of Rs.30,000 has been wrongly entered in the sales book

ii) Rs.5,000 received from Selvam has been credited to Selvi’s account

iii) Rs.1,000 received as interest was credited to commission account

iv) Sales book total Rs.87,800 was wrongly totalled as Rs.78,800

v) The total of discount column, on the debit side of the cash book has been added short by Rs.400

(OR)

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Rectify the following errors:

i) Rs.12,000 paid of salary to cashier Govindan, stands debited to his personal account

ii) Rs.5,000 withdrawn by the proprietor for his personal use has been debited to trade expenses account

iii) Cash received from Bala Rs.300 was credited to Anthony account

iv) Mahesh returned goods worth Rs.2000. No entry was passed in the books to this effect

v) A credit sale of Rs.2,000 to Janakiraman has been wrongly passed through the purchases book

45. Prepare a Trial Balance as on 31.12.2016 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

(OR)

From the following information prepare balance sheet of Mr. Shankar as on 31st December 2003.

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

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46. The Cash book of Mr.Elavarasan showed that he had an overdraft of Rs.8000 on 31st October 2012. On verification of the cashbook and the Bank Pass book the following points were noticed :

i) Cheque worth Rs.1400 paid into bank had not been collected till 31st October

ii) Cheque worth Rs.720 issued before 31st October had not been presented for payment

iii) Interest on overdraft Rs.110 charged by the bank was not entered in the cash book

iv) A bill receivable worth Rs.800 discounted on 1st September was dishonoured

v) A customer had paid into the bank directly Rs.450 and this was not entered in the cash book

Prepare a Bank Reconciliation Statement as on 31.10.2012

(OR)

Journalise the following transaction in Tmt.Rani’s Journal and post them to ledger and balance them

Rs.

2003 Sep. 1 Tmt.Rani Started business with 3,00,000

5 Opened a current account with Indian Overseas Bank 50,000

12 Bought goods from Tmt.Sumathi 90,000

18 Paid to Tmt.Sumathi 90,000

20 Sold goods to Tmt.Chitra 1,26,000

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47. Enter the following transactions in the Triple Column Cash book of Mr.Raja

2017, May 1 Cash Balance Rs. 6,000

Bank Balance Rs. 4,000

2 Withdrew from bank Rs. 2,000

8 Arul directly paid into our bank account Rs. 3,000

14 Cheque received from Daniel Rs. 5,000

15 Received cash from Subramanian Rs. 2,800

Discount allowed Rs. 200

19 Paid to Balu by cheque Rs. 13,900

Discount received Rs. 100

(OR)

Enter the following transactions in cash book with cash and bank of double column cash book

2017 May 1 Cash in hand Rs. 30,000

7 Paid into bank Rs. 10,000

9 Cash purchases Rs. 2,500

11 Loan obtained from Vasan Rs. 7,500

18 Cash Sales Rs. 2,500

20 Salary Paid Rs. 4,000

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11thSTD.


sura’s Model Question PaPer - 1Based on Scheme of Examination as per G.O. (2D). No. 50 dated : 09-08-2017

Part - I



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]

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9. 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 Rs. 2,000. A cheque for Rs. 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) Rs. 1,500 b) Rs. 2,500 (overdrawn) c) Rs. 2,500

16. 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

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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 Rs. 4,000. A cheque for Rs. 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) Rs. 3,500 b) Rs. 4,500 (overdrawn) c) Rs. 2,500

20. _______ 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


21. Define Book-keeping.

22. What do you mean by materiality principle?

23. Write notes on real accounts.

24. On 31st December 2003, the total assets and liabilities were Rs. 1,00,000 and Rs. 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?

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Part - III


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.

2002 Mar. 1 Cash in hand Rs. 20,000.

4 Cash purchases Rs. 4,000.

7 Cash sales Rs. 8,000.

8 Paid to Balan Rs. 5,000

9 Received cash from Cheran Rs. 10,000.

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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 Rs. 1,500.

b) Cheques deposited but not cleared Rs. 100.

c) Cheques issued but not presented for payment Rs. 150.

d) Interest allowed by bank Rs. 20

40. Prepare a trading account of Mr. Devan for the year ended 31st December 2002.

Rs.

Opening stock 5,700

Purchases 1,58,000

Purchases returns 900

Sales 2,62,000

Sales returns 600

Closing stock was valued at Rs. 8,600.

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Part - IV


41. From the following trial balance of Mrs. Saratha Devi prepare the trading accounts as on 31.12.2008.

Particulars Rs. Particulars Rs.

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 31.12.2008 was Rs. 32,000.

(OR)

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From the following particulars prepare a balance sheet of Mrs. Geetha Ravichandran as on 31.12.2004.

Particulars Rs.

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 4,700

42. From the following particulars, prepare the bank reconciliation statement for Mr. Thirumalai Nambi as on 31.03.2006.

a) Overdraft as per pass book on March 31, 2006 was Rs. 25,000.

b) Cheque issued before that date, but present for payment after that date amounted to Rs. 1,200.

c) Cheques paid into bank but not cleared and credited on or before 31.03.2006 amounted to Rs. 3,200.

d) Interest on overdraft amounting to Rs. 175 debited in the pass book but not entered into the cash book.

e) Interest on investment amounting to Rs. 700 was collected by bank not entered in the cash book.

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(OR)

Enter the following transactions in a petty cash book of Mr. Jack with analytical columns. The petty cashier begins with an imprest amount of Rs. 1,000.

2002 Rs.

June 4 Postage stamps 40

5 Travelling expenses 75

6 Lunch expenses 150

8 Labour charges for bringing office tables 50

10 Repair charges to fax machine 250

12 Postage stamps 20

43. Prepare a single column cash book from the following particulars of Mr. Chandran.

2002 Dec 1 Cash balance Rs. 80,000.

7 Bought goods for cash Rs. 25,000

9 Purchased goods on credit from Guru Rs. 6,000.

12 Sold goods to Somu on credit Rs. 8,000.

14 Paid Guru Rs. 6,000.

17 Cash received from Somu Rs. 8,000.

(OR)

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Enter the following transactions in the Purchase Book of M/s. Subhashree.

2003 March 1 Purchased 100 Kg. of coffee seeds from Suresh @ Rs. 40 per Kg.

5 Purchased 80 Kg. of tea dust from Hari @ Rs. 20 per Kg.

12 Bought from Rekha Sugars, Trichy 1,200 Kg. of Sugar @ Rs. 8 per Kg.

18 Bought from Perumal Sweets, Chennai, 40 tins of Sweets @ Rs. 200 per tin.

20 Purchased from Govinda Biscuit Company, Chennai 20 tins of biscuits @ Rs. 400 per tin.

44. Journalise the following transactions of Mr. Kannan.

2004, March 1 Mr. Kannan started business with Rs. 25,000.

10 Bought goods for Rs. 5,000.

15 Sold goods for Rs. 12,500.

18 Paid rent Rs. 2,500.

28 Withdrew cash from Bank Rs. 5,600.

(OR)

What are the advantages of Double Entry System? (any five points)

45. Write short notes on

a) Prudence principle b) Dual aspect concept

(OR)

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. Rs.

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 5,000

10 Purchased furniture 2,000

20 Sold goods to Suresh on credit 5,000

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(OR)

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. Rs. 12,000 spent on purchasing a patent right

ii. Freight charges paid on new plant amounts to Rs. 700

iii. Repairs of Rs. 575 for furniture

iv. Rs. 5,000 spent towards expenses connected with rain water harvesting as per Government orders

v. Rs. 7,500 spent towards initial advertising expenses.

47. Rectify the following journal entries.

Rs. Rs.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)

(OR)

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Rectify the following errors which are located in the books of Mr. Ganesh.

i. The purchases return book overcast by Rs.1,500.

ii. Received Rs.2,000 from Shankar debited to his account.

iii. The sales book undercast by Rs.1,500.

iv. Rs.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 Rs.2,000 treated as sale of goods.

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11thSTD.


sura’s Model Question PaPer - 2Based on Scheme of Examination as per G.O. (2D). No. 50 dated : 09-08-2017

Part - I



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:


4. When the balance as per Cash Book is the starting point to ascertain balance as per pass book, direct payment by bank are:


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[25]

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9. Assets = Rs. 1,00,000; Liabilities = Rs. 45,000; Capital = ?

a) Rs. 1,45,000 b) Rs. 1,00,000 c) Rs. 55,000

10. Capital = Rs. 60,000; Assets = Rs. 1,35,000; Liabilities = ?

a) Rs. 1,95,000 b) Rs. 75,000 c) Rs. 60,000

11. 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

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Part - II


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 Rs. 1,00,000 and Rs. 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 Rs.10,000

2. Defective goods returned by Santhosh worth Rs.3,000

Part - III


31. Prepare a trading account of Mr. Vasu from the following figures.

Rs.

Opening stock 500

Purchases 2,500

Sales 3,600

Closing stock 300

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32. Supply the missing amounts on the basis of accounting equation.

Assets = Capital + Liabilities

i) 50,000 = ? + 24,000

ii) ? = 3,00,000 + 50,000

33. 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 Rs. 1,500 as cash at bank, but the bank pass book as on that date showed that cheques for Rs. 185, Rs. 175 and Rs. 100 had not been presented for payment. Also cheques to the amount of Rs. 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


41. Write short notes on

a) Prudence principle b) Dual aspect concept

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(OR)

From the following particulars prepare a balance sheet Mr. Murugan as on 31st Dec.2001.

Details Rs.

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 80,000

42. Journalise the following in the Journal of Thiru. Gowri Shankar.

Rs.

2003, Oct. 1 Received cash from Siva 75,000 7 Paid cash to Sayeed 45,000 10 Bought goods for cash 27,000 12 Bought goods on Credit from David 48,000 15 Sold goods for cash 70,000

(OR) Post the following transactions direct into ledger of Mr. Moorti. Prepare of Cash A/c, Sales

A/c and Furniture A/c. Rs.2004, June 3 Received cash from Ram Kumar 60,000 4 Purchased goods for cash 15,000 11 Sold goods to Damodaran 22,000 13 Paid to Ramkumar 40,000 17 Received from Damodaran 20,000

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43. Enter the following transactions in proper purchases book. 2003 March 1 Purchased goods from Balaraman Rs. 2000

2 Sold goods to Senthil Rs. 1,000 3 Goods purchased from Durai Rs. 1,000 5 Sold goods to Saravanan Rs. 700 8 Sold goods to Senthil Rs. 500 10 Purchased goods from Elangovan Rs. 600

(OR) Enter the following transactions in cash book with cash and discount column of

Mr. Nandakumar.2003 Jan 1 Cash in hand Rs. 60,000. 3 Bought goods from Premnath Rs. 10,000. 4 Opened a current account with bank Rs. 15,000. 7 Withdraw from bank Rs. 5,000. 8 Sold goods to Kandan for Rs. 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 Rs.

Oct. 1 Balance in hand 410 1 Received from the head cashier 1090 3 Paid electricity charges 335 5 Bought stationery 128 8 Printing charges 150 9 Postage stamps purchased 65

(OR)

The Cash Book of Mr. Elavarasan showed that he had an Overdraft of Rs. 8,000 on 31st October, 2003. On verification of the Cash Book and the Bank Pass Book the following points were noticed:

a) Cheques worth Rs. 1,400 paid into the Bank had not been collected till 31st October.b) Cheques worth Rs. 720 issued before 31st October had not been presented for

payment.c) Interest on Overdraft Rs. 110 charged by the Bank was not entered in the Cash Book.d) A Bill Receivable worth Rs. 800 discounted on 1st September was dishonoured.e) A customer had paid into the Bank directly Rs. 450 and this was not entered in the

Cash Book. Prepare a Bank Reconciliation Statement as on 31.10.73.

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45. Rectify the following journal entries. Rs. Rs.

i. Purchases A/c Dr. 6,000

To Cash A/c 6,000

(Purchase of furniture)

Rs. Rs.

ii. Arul A/c Dr. 10,000

To Cash A/c 10,000

(Salary paid to Arul)

Rs. Rs.

iii. Ravi A/c Dr. 1,500

To Cash A/c 1,500

(Rent paid)

Rs. Rs.

iv. Sales A/c Dr. 12,000

To Cash A/c 12,000

(Credit sale to Navin)

Rs. Rs.

v. Cash A/c Dr. 8,000

To Babu A/c 8,000

(Cash sales)

(OR)

Classify as capital and revenue

i. carriage paid on goods purchased

ii. legal expenses paid for raising of loans

iii. cost of maintenance of building

iv. investments costing Rs. 40,000 were purchased a few years back, were sold for Rs. 50,000

v. annual white washing charges amounted to Rs. 1,000

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46. Given below is the trial balance of Shri. Hari Prakash. Prepare trading and profit and loss account for the year ended 31st March 2002.

Particulars Dr. (Rs.) Cr. (Rs.)Stock as on 1.4.2001 50,000Sales 2,90,000Sales returns 10,000Purchases 2,45,000Purchase returns 5,000Carriage inwards 4,000Carriage outwards 6,000Wages 12,000Salaries 18,000Printing and stationary 900Discount allowed 900Discount received 600Depreciation 3,000Buildings 2,08,100Trade Expenses 5,600Capital 2,72,900Bills receivables 20,000Bills Payable 15,000

5,83,500 5,83,500(OR)

What are the advantages of Double Entry System? (any five points)47. Show the accounting equation on the basis of the following transactions :

Rs.i) Ramya started business with cash 25,000ii) Purchased goods from Shobana 20,000iii) Sold goods to Amala costing Rs. 18,000 25,000iv) Ramya withdrew from business 5,000

(OR) Give journal entries and rectify the following errors.

a) Purchase of furniture for Rs. 15,000 was debited to purchases account.b) Sales Returns Book was undercast by Rs. 210.c) Depreciation of Rs. 500 on furniture was entered as Rs. 5,000.d) Salary Rs. 4,500 paid to a clerk due to him has been debited to his personal account

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