​

JAYPEE VIDYA MANDIR, CHIRCHITA, BULANDSHAHR

Class: XI Subject: Accountancy Exam: S.A-II

Time: 3 Hrs MM: 80 Session: 2024-25

Set: C

General Instructions:
1.This question paper contains 34 questions. All questions are compulsory.
2. Question 1 to 20 carries 1 mark each.
3. Questions 21 to 24 carry 3 marks each.
4.Questions from 25 and 30 carries 4 marks each.
5. Questions from 31 to 34 carry 6 marks each.
Section A
1. Journal lists transactions in which order?
(a) Decreasing​ ​ ​ (b) Chronological
(c) Alphabetical​ ​ ​ (d) Increasing

2. The process of transferring of items from a journal to their respective ledger

accounts is called as.
(a) Entry​ ​ ​ ​ (b) Arithmetic
(c) Balancing​​ ​ ​ (d) Posting

3. Which qualitative characteristics of accounting information are reflected when

accounting information is clearly presented?
(a) Comparability​ ​ ​ (b) Understandability
(c) Relevance​ ​ ​ ​ (d) Reliability

4. During a lifetime of an entity, accounting produces financial statements in

accordance with which basic accounting concept?
(a) Conservation.​ ​ ​ (b) Matching
(c) Accounting period​ ​ ​ (d) None of the above

5. When a business maintains a cash book, it doesn’t need to maintain _______.

(a) Journal proper​ ​ ​ (b) Purchases book
(c) Sales book​ ​ ​ ​ (d) Bank and cash account in the ledger

6. A bank reconciliation statement is ______.

(a) A part of cash book​ ​ ​ ​ (b) A part of pass book

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(c) A statement prepared by the bank​ ​ (d) A statement prepared by a
customer

7. If wages paid for the installation of new machinery is debited to the wages account,
it is ___________.
(a) An error of commission​​ ​ (b) An error of principle
(c) A compensating error​ ​ ​ (d) An error of omission

8. Errors committed due to lack on the basis of the principle of accounting are called
______.
(a) Compensating errors​ ​ (b) Error of principle
(c) Single-sided error​ ​ ​ (d) None of the above
Or
If the suspense account does not balance off even after rectification of errors, it
implies that _______.
(a) There are some one-sided errors only in the books yet to be ascertained
(b) There are no more errors yet to be ascertained
(c) There are some two-sided errors only, that is yet to be ascertained
(d) There may be both two-sided errors and one-sided errors, that are yet to be
ascertained

9. Every fixed asset loses its value due to use or other reasons. This decline in the
value of assets is known as ________.
(a) Provisions​ ​ ​ ​ (b) Depreciation
(c) Devaluation​ ​ ​ (d) Amortisation

10. Which of the following methods of depreciation is not recognised by Income Tax
Law?
(a) Straight-line method​ ​ ​ ​ ​ (b) Diminishing balance
method
(c) Both straight-line and diminishing balance methods​ (d) None of the above

11. Following are the causes of depreciation except _________.

(a) Wear and tear due to use or passage of time.​(b) Normal factors
(c) Expiration of legal rights​ ​ ​ ​ (d) Obsolescence
Or
When information about two different enterprises has been prepared presented in a
similar manner, the information exhibits the characteristics of ________.
(a) Verifiability​ ​ ​ ​ (b) Relevance
(c) Reliability​​ ​ ​ (d) None of the above

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12. If the opening capital is Rs. 60,000, drawings Rs. 5,000, capital introduced during
the period Rs. 10,000, closing capital Rs. 90,000. The value of profit earned during the
period will be ______.
(a) Rs. 20,000​​ ​ ​ ​ (b) Rs. 25,000
(c) Rs. 30,000​​ ​ ​ ​ (d) Rs. 40,000

13. Liabilities and assets amount to Rs. 50,000 and Rs. 78,000 respectively. The
difference amount will represent ______.
(a) Creditors​ ​ ​ ​ (b) Debentures
(c) Profit​ ​ ​ ​ (d) Capital

14. Accounts are usually held using a single entry scheme by ______.
(a) Society​ ​ ​ ​ (b) Company
(c) Sole trader ​ ​ ​ (d) Government

15. If the insurance premium paid Rs. 1,000 and prepaid insurance Rs. 300. The
amount of insurance premium shown in the profit and loss account will be ______.
(a) Rs. 1,300​ ​ ​ ​ (b) Rs. 1,000
(c) Rs. 300​ ​ ​ ​ (d) Rs. 700

16. The entry which affects the cash and bank column of a triple column in the cash
book is known as ______.
(a) Compound entry​​ ​ (b) Contra entry
(c) Journal entry​ ​ ​ (d) None of these

17. Which of the following is correct?

(a) Profit / Loss = Closing Capital + Additional Capital – Drawings – Opening Capital
(b) Profit / Loss = Closing Capital – Drawings – Additional Capital – Opening Capital
(c) Profit / Loss = Opening Capital + Drawings Made – Additional Capital – Closing
Capital
(d) Profit / Loss = Closing Capital + Drawings Made – Additional Capital – Closing
Capital

18. Direct Expenses are entered in _____.

(a) Trading Account​​ ​ (b) Profit and Loss Account
(c) Balance Sheet​ ​ ​ (d) None of the above

19. Accrual Basis of Accounting recognises

(a) Outstanding and Prepaid Expenses.
(b) Accrued Incomes and Incomes Received in Advance.
(c) Both (a) and (b).
(d) None of the above.

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20. Withdrawal of Cash from Bank is recorded in
(a) Debit of Bank Column and Credit of Cash Column.
(b) Debit of Cash Column and Credit of Bank Column.
(c) Debit of Cash Column and also Credit of Cash Column.
(d) Debit of Bank Column and also Credit of Bank Column.
Section B
21. Prepare vouchers for the following transactions of M/s Ram Traders:
2 March 2024 Purchase Machinery from Rohan and Sons 1,00,000.
5 March 2024 Paid salary cash memo vide no. 235 5,000
OR
Explain the following the help of specimen:
(ii) Cash Memo
(ii) Invoice

22. A commenced his cloth business on 1st April, 2018 with a capital of ₹30,000. On
31st March 2019, his assets were worth ₹50,000 and liabilities of ₹10,000. Find out his
closing capital and profits earned during the year.
Or
What do you mean by accounting equation? With the help of two points, explain its
significance.

23. Prepare ‘T’ shape Account of Rahul :

(i) Goods Sold to Rahul 1,00,000.
(ii) Goods Returned from Rahul 6,000.
(iii) Payment Received from Rahul 50,000.
(iv) Goods Sold to Rahul 20,000.
(v) Rahul paid 60,000 in full settlement.

24. Sunil, who keeps his books on Single Entry System, informs that his capital on
31st March, 2021 is ₹ 1,87,000 and his capital on 1st April, 2020 was ₹ 1,92,000. He
further informs that during the year, he withdrew for his household purposes₹ 84,200
He once sold his investments of ₹ 20,000 at 2% premium and invested the proceeds in
the business.
Prepare a Statement of Profit or Loss.
Or
A Firm Purchased on 1 April 2018 a second-hand machinery for 50,000 and spent
10,000 on its installation. On 1st July in the same year additional machinery was
purchased for 20,000. Depreciation is provided each year on 31" December @ 5% p.a.
on written down value method. Calculate the amount of Depreciation on 31 March
2019.
Section C

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25. The following Trial Balance has been prepared by a novice. You are asked to
correct it :
Particulars ₹ Particulars ₹

Returns Outward 16,000 Debtors 15,000

Opening Stock 34,200 Carriage Outward 5,000

Salaries 12,000 Capital 55,200

Creditors 28,000 Machinery 18,000

Bank 45,000 Returns Inward 2,800

Carriage Inward 6,000 Discount Received 4,000

Rent Received 3,000 Trade Expenses 6,000

Discount Allowed 2,000 Sales 1,40,000

Purchases 1,00,000 Building 20,000

Bills Payable 20,000 Input IGST 5,200

Output IGST 5,000

2,71,200 2,71,200

26. Analyse the following transactions, state the nature of accounts and the account
that will be debited and credited as per the Traditional Classification of Accounts:
(1). Dinesh started business introducing capital of 1,50,000 in cash.
(2). Opened a Bank Account by deposting₹ 1,00,000 in cash.
(3). Received Loan of₹ 1,00,000 from Naresh by cheque.
(4). Purchased furniture for 20,000 in cash from Raj Furniture House.

27.Prove that the Accounting Equation is satisfied in all the following transactions of
Sameer Goel:
(i) Started business with cash ₹ 10,000.
(ii) Paid rent in advance ₹ 300.
(iii) Sold goods for cash ₹ 8,000 costing ₹ 4,000.
(iv) Paid salary ₹ 450 and salary outstanding being ₹ 100.
Or
"Cash Book always shows a debit balance." How far is this statement true and why?

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28. From the following information, Prepare Trading Account for the year ended 31st
March, 2021:
Cash Purchases 1,50,000; Credit Purchases₹9,00,000; Returns Inward 20,000; Cash
Sales 1,60,000; Credit Sales₹11,00,000; Returns Outward₹10,000; Freight Inwards
3,000; Carriage Inwards ₹3,000; Wages and Salaries₹4,000; Opening Stock₹1,50,000;
Closing Stock was 88,000 at cost but its net realisable value market value) was 84,000.

29. How would you rectify the following errors:

(i) An amount of₹ 1,000 paid by Mohan has been credited to the account of Mohit.
(ii) Goods sold to Ram for 1,200 have been entered in the purchases book.
(iii)₹2,000 received from the sale of old machinery has been wrongly posted to Sales
Account.
(iv)₹600 the cost of repairing the machinery has been wrongly charged to Machinery
Account.

30. Enter the following transactions in Sales Journal (Book) of M/s Bansal
Electronics:

2022 1 Sept. Sold to Amit Traders as per Bill No. 4321: 20 Pocket Radio @ 70 per Radio
2 T.V. Sets B & W (6") @ 800 per T.V.

10Sept. Sold to Arun Electronics as per Bill No. 4351:

5 T.V. Sets (20") B & W @₹3,000 per T.V.
2 T.V. Sets (21") Colour @ 4,800 per T.V.

22 Sept. Sold to Handa Electronics as per Bill No. 4399:

10 Tape Recorders @ 600 each
5 Walkman @300 each

28 Sept. Sold to Harish Trader as per Bill No. 4430: 10 Mixer Juicer Grinder @ 800
each.
Section D
31. Pass necessary Adjustment entries for the following transaction:
(i) Prepaid Insurance 6,000.
(ii) Provision for Doubtful Debt @ 5% on Debtors (Debtors of the business is 1,
40,000)
(iii) Interest on Capital @ 10% p.a. ( Capital 6,00,000)
(iv) Closing Stock 6,00,000.
(v) Manager commsion @ 10% of net profit after charging such commission. ( Net
profit before commision is 16,500)

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(vi) Good lost by theft 5,000.

32. Prepare Bank Reconciliation Statement of Krishan as on 31st March, 2024:

(i) Balance as per Bank Pass Book as on the date is ₹ 10,000.
(ii) Bank collected a cheque of ₹ 500 on behalf of Krishan but wrongly credited to
Kishan's Account (another customer).
(iii) Bank recorded a cash deposit of ₹ 2,589 as ₹ 2,598.
(iv) Withdrawal column of the Pass Book undercasted by ₹100.
(V) Credit balance of ₹ 1,500 as on Page 10 of the Pass Book was recorded on Page 11
as a debit balance.
(vi) Payment of a cheque of ₹350 was recorded twice in the Pass Book.
Or
Prashad maintains his books of account on Single Entry System. From the following
information given by him, ascertain his profit or loss for the year ended 31st March,
2021:

On 31st March, 2020 his position was:

Plant and Machinery ₹30,000; Stock₹5,000; Cash in Hand 100; Debtors₹17,000; Loan
from Anish 1,000 at 4% p.a. interest; Bank Overdraft₹ 1,100 and Creditors 12,120.

On 31st March, 2021 he owed to his creditors 9,170 and had paid to Anish *500 in lieu
of his loan on 1st October, 2020 but had paid no interest. He had bought additional
Plant and Machinery which costed 13,000. Debtors were 23,000 out of which 900 he
would not be able to collect. The Cash and Bank Balance was 4,100. Stock at the end
was valued at ₹ 4,500.

Prashad withdrew₹8,300 for domestic purposes. He introduced a further capital of

₹10,000 during the year.

33. From the following Trial Balance, prepare a Trading and Profit & Loss A/c for the
year ended 31st March,2024 and a Balance Sheet as on that date.

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 Particulars Amount Particulars Amount

Cash in hand 150 Capital 90,000

Cash at Bank 695 Sales 3,38,070
Insurance Premium 1,500 Sundry Creditors 40,000
Discount 750 Purchases Returns 1,500
Opening Stock 45,000 Discount 3,500
Plant and Machinery 85,000 Bank Overdraft 20,000
Fixtures and Fittings 7,500 Provision for Bad Debts 2,000
Buildings 75,000
Manufacturing Wages 30,000
Sundry Debtors 55,000
Manufacturing 15,000
Expenses 14,000
Salaries 1,50,000
Purchases 2,000
Carriage Inward 2,100
Carriage Outward 10,000
Factory Expenses 750
Bad Debts 625
Interest and Bank
Charges 4,95,070 4,95,070
Also make the following adjustments :
(a) Closing Stock ₹ 60,000.
(b) Depreciate Plant and Machinery at 10% and Fixtures and Fittings at 5%.
(c) Insurance Premium paid in advance₹ 500.
(d) Salaries and interest on overdraft outstanding₹ 500 and ₹ 1,000 respectively.
(e) Make a Provision of 5% on Sundry Debtors for Doubtful Debts.
(f) Provide 5% interest on capital. An additional capital of ₹ 10,000 was introduced in
October, 2023.

34.Enter the following transactions in Two-column Cash Book of Reema, and find
cash and bank balances

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1 April 2024 Cash balance 5.000, bank balance 30,500

2 April Cash sales 70,000

7 April Deposited in Bank. 50,000

9 April Issued cheque to Raman 15,000

15 April Received cheque from National Insurance Co. Ltd. 19,800

against claim lodged last year..

18 April Sold goods to Diraj of ₹25,000, received cash

10,000 and balance by cheque.
Allowed him discount 500

20 April Purchased furniture by cheque. 20,000

21 April Sold old furniture for cash. 2,500

22 April Paid into bank cheque of Diraj along with cash

2,500.
25 April 5,000
Paid to Suman by cheque.
25 April
Suman's cheque returned on technical ground and
paid cash for equal amount
27 April 200
Bank charged bouncing charges
30 April 2,500
Bank paid insurance premium as per standing
instructions
30 April 5,000
Nigam paid into the bank directly, intimation
received on the same day.
Or
Better and Best Enterprises purchased a machine for ₹ 3,00,000 on 1st April, 2020.
Additional machinery was purchased for ₹ 1,00,000 on 1st October, 2020. Certain
machinery, which was purchased for ₹ 1,00,000 on 1st October, 2020 was sold for
65,000 on 30th September, 2022.

Prepare Machinery Account, Machinery Disposal Account and Accumulated

Depreciation Account for all the years upto the year ending 31st March, 2023 taking
into account depreciation @ 10% p.a. on straight line method. The books are closed on
31st March.

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