AGR O-I

No. •ofPrinted Pag es: 12

An nua l Ex am ina tio n, 202 3-2 4
Sub. : Accountancy (055)
Class - XI [ M. M. : 80
.Time : 3.00 Hrs. ]
'

General Instructions:
(1) This question paper contains 34 questions.
(2) All questions are compulsory.
(3) ·Maries are given against each question.
mark, 2 questions of
(4) Internal choice has been provided in 6 questions of one
marks.
three marks, 1 questiolJ, offour marks and 2 questions of six
(5) Attempt all parts of a question at one place.
cted.when accounting
1. Which qualitative characteristics of accounting information are refle
1
information is clearly presented?
I (a) Comparability (b) Understandability

(c) Relevance (d) Reliability.

? 1
2. Which base of accounting is recognised as per company Act 2013
(a) Cash (b) Accrual
(c) - Both , I (d) None of the above
ns -
"Accounting process starts with recording of financial transactio
I •

3. Assertion (A)
1
into journal."_
er
Reason (R) "All the recorded transactions are classified into various ledg
accounts."

(a) Both (A) and (R) are correct (b) (A) is correct, but (R) is incorrect

(c) (A) is incorrect and (R) is correct . (d) Both (A) and (R) are incorrect

Accountancy/XI/AGRO-I I P.T.o. J
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4. A concept that a business enterprise will not be sold or liquidated in near future is
known as: I
(a) Going concern (b) Economic entity
( c) Consistency concept ( d) Monetary Unit
•

OR
··••••••••.... principle says that anticipate no profit but provide for .all possible losses..
(a) Dual aspect (b) Money Measurement
(c) Prudence (d) Cost principle
5. IFRS are based on : l
,
(a) Historical cost (b) Fair value
(c) Both (a) and (b) (d) None
6. Liabilities and assets amount to~ 50,000 and 9·8,000 respectively. The differ-enee
Amount shall represent ............ •
l

(a) Creditors (b) Debentures

(c) Profit (d) Capital

OR

Which of the following is not •correct?

Assets = Capital + Liabilities (b) Assets - Liabilities = ,cap.ital
(a)
(c) Assets + Liabilities = Capital (d) None of the above

Voucher is prepared from : 1

7.
(a) Journal entry (b) Ledger accounts

(c) Source documents (d) AH of these

1
8. Credit purchase of Machinery costing? 50,000 will be recorded in:

(a) Purchase Book (b) Sales Book

(c) J oumal Proper {d) Cash Book

rwY..,. . I ~ ,,...~ T
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O-R
Goods) withdrawn by proprietor for personal use will be credited to which account?
(a) Sales Account (b). Purchas.e Account
'
{c) Drawing Account (d) Capital
Read the case carefully and answer the question No 9 and question no. 10 :
9. , Ramm started a business on 1st April 2022 with cash 10,0Q0 and stock 5000 and
furniture 5090. On next day, he also took a loan from his father t 10,000. He
purchased goods on credit from Harish for t 6,000 and sold half of it to Suresh @ 30
%,profit~
What is the amount of capital iOf Mr. Rahim? . 1
10. ln cas·e given in question no. 9 , Who is creditor and who is debtor here and also tell
~eamounL 1
I

I
,/ l].. Goods sold List price 50,000 @20% trade. discount and @5% cash discount~ and
reeeive·d cheque, by what amount bank account would be debited : 1
(a) 40,000 (b) 38000
(c) 2.000 (d) 44000
12. Credit balance of the bank account in the cash book shows .. .-. ........... . 1
(a) Overdraft (b) Cash deposited into our bank
(c:) Cash is withdrawn from the bank . (d) None of the above
OR
When a business maintains a cash book, it doesn't n.e.ed to maintain ............... .
(a} Journal proper_
(b) Purchases. book
(c) Sales book
(d) Banlc and cash account in the ledger
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id

[4]
13. Which Books will show credit balances? 1
(a) Sales Book and purchase return
(b) Sales book and Sales Return
(c) Purchase book m:id purchase return
. .
(d) Purchase Book and sales return
14. Debit balance as per Cash Book t 3000. On co1nparing it with bank statements it
was
found that one debtors directly deposited t 2000 in the bank account and bank charges
100. What will be the balance as per pass book? I
(a) 4,000 Dr. (b) 4,900 Dr.
(c) 4,900 Cr. (d) 5,000Dr.
OR
Credit balances as per pass book f IO, 000. When compared cash book with pass
book it was found that two Cheques amounting to < 5000 were deposited but not
. .
collected and bank allowed internet <100. The balance as per Cash book will be :
(a) 14,900 Dr. (b) 14,900 Cr.
(c) 15,100 Dr. (d) 15,100 Cr.
15. Following are the causes of depreciation except :
1
(a) Wear and tear due to use or passage of time
(b) Obsolescence
(c) Normal factors
(d) Expiration of legal rights
16. Window dressing is a/an ............... of Accounting.
1
(a) Limitation (b) Advantage
(c) None of the above (d) Both
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17. Sales of goods to Amir< 5,000 has wrongly been debited to U1nair account. Identify
-. 1
• the type of error :
(a) Principle (b) Omission
(c) Co1mnission (d) Compensating
OR
Trial Balance is ................
(a) An account (b) A statement
(c) A subsidiary book (d) A principal book
18. <2,000 paid as wages to labour for installation of a new machinery is: 1
(a) Capital expenditure (b) Revenue expenditures
(c) Deferred revenue expenditures (d) Direct expenditure
19. If l_!~t pr~fit is 50,000, Indirect expenses< 10,000 and other income is< 8000. Calculate
Gross . profit : 1
(a) 48,000 (b) 52000
(c) 55000 (d) 60,000
20. Capital expenditure are recorded in ........... :... . 1
(a) Trading accotmt (b) Profit and loss account
(c) Balance sheet (d) Cash Book
OR
If goods are sold @25% profit on sales and cost of goods sold is< 2,10,000. What
will be the sales?
(b) 52,500 .!
(a) ~,62,500
(C) 2,70,000 (d) 2,80,000

21. Write the meaning and two objectives of financial statements. 3

OR
Give difference between Capital and Revenue expenditures.
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[6]
22. Show how the fallowing information will be treated in financial statement :
3
Particular Dr. Amount Cr. Amount -
- -
Debtors 1,00,000
.
Bad debts 6000
Provision for doubt full debts 5000

Additional information :
(a) Further bad debts~ 6,000
(b) Create a provision for doubtful debts @5%

OR
From the following information calculate cost of goods sold :

Sales t 20,00,000
Purchases 15,00,000
Wages t 1,00,000
Stock (1.4.22) 3,00,000
Stock (31.3.23) 4,00,000 .
Freight inward 1,00;000
Freight outwards t 1,00,000
23. Mr. Pradeep started a business on I st April 2022 with a capital oft 4,50,000.
His position on 3_1 st March 2023 was as follows
Cash 99,000
Bills receivable 75,000
Land and buildings 1,80,000
Plant and machinery 98,000
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He-ow·ed t 45~000 from bis friend RaJeev. His drawings were f 96,000 during the year.
Calculate net profit earned by Mr. Pradeep. 3
24. Give journal entries for follo~g : (Any 3) 3
(a) .P.aid Rent-? il 5.,000 io11t of which prepaid is t 3,000.
(b) ·Good •purchased costil\g 40,000 @6% CGST and 6% SGST from Ram
Brothers.
(c) Paid .insurance .of godown ( 2,000 and for life insurance of self t 3,000.
'
(d) Depreciation@l0% charged on machinery oft 1,00,000.
25. ,EJqjlain any three source documents : 3
(a) #•
DebitNote (b) Pay in slip
(c) :Invoice (d) Voucher
' '.
26. •G~ve _difference between Reserves and Provisions. (Any 3) 3
27. -Briefly \explain aQY Two of following accounting principles : 4
, .,

{a) ·COST PRINCIPLE (b) Entity principle

(c) . ·FULL ,DISCLOSURE
t

28. Develop .accounting equation from following information : -4

{a) Started business mith £ash ( 1~00,00 and furniture of ( 50,000.
1

1 'a

(b) Purchased goods from.RajaRamfor (20,000 for cash and 10000 for credit.
(c) Sold _goods costing 10,000 at a profit of 20% for cash.
(d) Rent paid t 2,000 and unpaid is 3000.
29. Prepare a sales book in the books of MIS Kailash 4
2023
July 1- Sold to Mr Manc;,J, Kanpur, Invoice Nol 132
100 Tables @ t 3,000 ,each.

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50 Chairs@< 2,000 each ,0

Trade discotmt @ 10 %

5- Sold to Mr Kainal, Kanpur in cash

1·t Jaipur Invoice Noll45
55Chairs @ <2,000 each 8- SoId to MOh ' '

10 almirah@ <20,000 each.

. .
..
5 Racks@< 12,000 each
Trade discount @ 10 %
10 July Sold Computer to Sunil < 5000
OR
Enter the following transactions in the Purchases Book of Shubham; : ·, · •
2023
March 1 Bought from Mis Gungun & Sons @ I 0% Trade -Disco1mt
400 Shirts @ ( 150 per shirt;
I 00 T-shirts @ ( 250 per T-shirt
March8 Bought from Rishi Brothers
1 Computer desktop costing ( 14,000
March 10 Bought fro1n Lokesh @ 20% Trade disco1mt
120 Shirts·@ ( 300 per Shirt;
150 T-shirts @ ( 350 per T-shirt
March20 Rathi Brothers sold to us
15 0 Shirts @ ( 100 per shirt;
120 T-shirts@ ( 150 per T-shirt
March25 Bought for cash from Reena Traders @ I 0o/c0 trade d.1sco1mt
250-Shirts @ ( 400 per Shirts;

Accountancy/XI/A GR0-1 . .-
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Prepare double colmnn cash book fro1n the following transactions for the 1nonth of
August 2023 . 6

01 cash in hand ( 17 ,500 and cash at bank 5000

03 Purchased goods for cash t 3,000
02 Received a cheque from Rajiv t 10,000
03 • ·. Sold good for cash 7,000
-04 f • - Raj iv's cheq~1e was deposited into bank
05 •.- :_Purchased goods and paid by chequ~ t 20,000
06 : Paid establi~lunent expenses by cheque f 1,000
17 Cash sales f 7,000
18 ,·. I Deposited into_bank f 10,000
19 Paid trade expenses ( 500 cash
.20 Received commission by c~eque f 6,000
31 Withdrew for personal use f 1,200
31. From the following particulars prepare Bank Reconciliation Statement as on December
31st 2018: 6
(a) Debit balance as per cash book f 10,000.
(b) A cheque off 500 issued in_favour of Karan has not been presented for payment.
. r ._ ...

(c) A bill for (7 00 retired by Bank on our behalf under a rebate off 20 tl1e full a1nount
of the bill was credited in cash book.
(d) A cheque off 295 deposited in Bank has been dishonotrred.
(e) A sum of ( 800 deposited in the Bank has been credited as f 80 in the pass book. -
(t) Payment side of Cash Book has been undercast by f 200.
32. • Pass tlie necessary rectification entries: 6
(a) Sales off 10,000 to Anil- was passed through the ptrrchase book.

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. . }000 was debited to wages, accowit.
(b} Wages. paid installation of machines. t • . . . ..
. . . b . . .te•di to Depre·c1at1on Aceomit~
(c) Depreciation~ 10,000 was omitted to e pos
(d) PurChase O goo s· , IO·,.O"'l\
f d 7
\J~l' .c.or
.ll-
c·as1~,
.J/J(
m•n.ct+-ed as f l~00.-0.
,UT.f3,~:
~u..7!
Fu~II

(e) Return inward book was overcast by~ 1,000..

(f) Cash received from Asha f 2,060 were posted to Usha~s: accomit 2600.
33. A firm purchased a machinery on 1st April 2020 for f 5,82,.000 and spent f 18,.000 or
its installation. On 1st October 2020, additional machinery costing ( 2,0'0,000 was
purchased. On 1st October 2022, the machmery purchased oa 1st April 2020 was
auctioned for~ 2,86,000 and new machinery for f 4\00,0:00r was purchased on die
same
Depreciation was provided on 31st March at the rate of I 0% p•.a by the Written Down
Value Method.
Prepare the Machinery Account for the three years ended 3 I st March and give working.
note clearly.
6·
OR
Prepare Machinery Account and provision for Depreciation from the fallowing
information as on 1st April 2023 :

Machinery as on 1st April 2023

f 8,00=,000·
Balance in Provision for Depreciation Account
f 3,.18,006
On 1.4.2023 a machmeiry which was pm-chased on l.4.20]~):for~ I 2ii\ ~nl.\:
,. ~,..uv-u· was found
, ,

obsolete therefore s.old for 34,500.

Depreciation is charged @I 0% on straight line meiho.d.
34. From the following trial balance of MIS Rajiv n sons as on 31st Marc1.., 2 . .e
1 .r 022 prepar

Trading and profit and loss account and Balance She.et :

6
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-Heads of account ' Dr Cr
..... "

Capital "\
80,000
'

Drawings 1,

18,000
,.

Sales and purchase

'

. 82,600 1,55,000
.

Stock 1.4.21 42,000

' Returns outwards 1,600
.
Carriage inward ' 1,200

' Wages 4,000

6,000
.

Power
-
'
~c hin ery . 50,000
'
Furr. niture 14,000
-
22,000
;
;
Re nt··
,
I
15,000
.
Salary .
:
..
3,600
Insurance
25,000
;

I BankLoan
·l 20,600 18,900 .

o·ebtors and creditors ;

1,500
Citsh -
,
' }
2,80,500 2,80,500
: TO
...
TAL -

A~justments :
0.
(a) -Closing .stock-on.31..3.2022 was r-64,00
·•

(~) Outstanding wages t 2,400.

_l

for doubtful debts @5%.

(c) Bad deb ts? 600 and creat a provision
0% and furniture @5% pa.
(d) Charge depreciation on machinery @1
, ended 31st May 2022.
(e) Insurances premium is paid per annum
;

Accountancy/XI/A GR0-1

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OR
account and Balance Sheet from following
Prepare Trading and profit and loss
infonnation as on 31.3.2022 :
r

Credit balances Amount

Amount
Debit balance •2,50,000
1,25,000 Sales
Opening stock 6,000
35,000 Purchase return
Purchase 55,000
25,000 Creditor
Sales Return ~0,000
600 Capital . '

Postage 1,000
3,000 Discount
Wages
13,300 Provision for doubtful
Salary 4,500
500 debts
Packing and transport f ·5 400
400 Connnission '
General expenses
4,000
Insurance
50,000 .. -
Debtors
Cash 20,000
40,000
Closing stock
Machinery 20,000
-
Lighting 5,000
..

Discount 3,500 '

Bad Debt 3,500 .. !

-
Investment 23,100 I

3, 71,900 3,71,900

•
Adjus tments •.
(a) Depreciation on machinery @5%.
@ •
(b) Bad deb ts 2000 and creat provisions for doubtful debts 10% and p isio
• • 11-'hr
ns
· . rov
discount on debtors @5%.
(c) Wages is prepaid f 1,000.
(d) Interest on investment @5%pa.

/i.Ccountancy/XI/AGR0-1