Kerala Plus One Question Paper 2025 Accounts with AFS

KERALA BOARD

QUESTION
PAPER
2025
DOWNLOAD PDF
Kerala Board of Public
Examinations

FY-349
Reg. No. : ......................................

Name : ...........................................

FIRST YEAR HIGHER SECONDARY EXAMINATION, MARCH 2025

Part – III
ACCOUNTANCY WITH ANALYSIS OF FINANCIAL STATEMENTS
Maximum : 80 Scores
Time : 2½ Hours
Cool-off time : 15 Minutes

General Instructions to Candidates :
 There is a ‘Cool-off time’ of 15 minutes in addition to the writing time.
 Use the ‘Cool-off time’ to get familiar with questions and to plan your answers.
 Read questions carefully before answering.
 Read the instructions carefully.
 Calculations, figures and graphs should be shown in the answer sheet itself.
 Malayalam version of the questions is also provided.
 Give equations wherever necessary.
 Electronic devices except non-programmable calculators are not allowed in the
Examination Hall.

 
    15  ‘  ’ .
 ‘  ’    
 .
      .
    .
  , , ,   
.
   .
    .
     
    .

FY-349 1 P.T.O.

SECTION – I

Answer any 8 questions from 1 to 10. Each carries 1 score. (8  1 = 8)

1. Amount spent for purchasing fixed asset is a _____ .
(a) Revenue expenditure (b) Capital expenditure
(c) Expenses (d) None of the above

2. Accounting equation satisfies the _____ concept of accounting.
(a) Matching concept (b) Money measurement concept
(c) Duality concept (d) All the above

3. Rent received in Advance, increase in _____ .
(a) Expenses (b) Income
(c) Capital (d) Liability

4. Excess of Asset over liability is _____ .
(a) Capital (b) Income
(c) Asset (d) Liability

5. The Source Document of Purchase is _____ .
(a) Voucher (b) Invoice
(c) Cash memo (d) Credit note

6. Bank Reconciliation Statement is prepared by
(a) Auditor
(b) Creditor
(c) Banker
(d) Customer’s Accountant/Customer

FY-349 2

SECTION – I

1  10     8  .
  1  . (8  1 = 8)
1.       
    ?
(a)   (b)  
(c)   (d) 

2.    _____  .
(a)   (b)   
(c)   (d) 

3.      ?
(a)  (b) 
(c)  (d) 

4.     _____ .
(a)  (b) 
(c)  (d) 

5.        
 ?
(a)  (b) 
(c)   (d)  

6.     ?
(a) 
(b) 
(c) 
(d)  
FY-349 3 P.T.O.

7. Sale of Machinery is credited to Sales Account is an error of _____ .
(a) Compensating error (b) Error of principle
(c) One side error (d) Two side error

8. Depreciation is an _____ expense.
(a) Revenue expense (b) Capital expense
(c) Non cash expense (d) All the above

9. __________ A/c .............. Dr.
To Salary outstanding a/c
(Being Salary Outstanding)
(a) Trading A/c (b) P & L A/c
(c) Salary A/c (d) Asset A/c

10. Sales are equal to _____ .
(a) Cost of goods sold + Profit
(b) Cost of goods sold – Gross profit
(c) Gross profit – Cost of goods sold

SECTION – II

Answer any 5 questions from 11 to 16. Each carries 2 scores. (5  2 = 10)

11. Explain dual aspect concept.

12. On the basis of nature of errors, errors can be classified into different types. What are
they ?

13. Point out four causes of depreciation.

14. Give two examples of closing entries.
FY-349 4

7.  ,    
    ?
(a)  (b)  
(c)    (d)   

8.     ?
(a)   (b)  
(c)   (d) 

9. __________ A/c .............. Dr.
To  
( )
(a)   (b) 
(c)   (d)  

10.    ?
(a)    + 
(b)    –  
(c)   –   

SECTION – II

11  16     5 
.  2  . (5  2 = 10)
11.   .

12.   ,  
.  ?

13.    .

14.     .

FY-349 5 P.T.O.

15. Give journal entries for Commission received in advance and Outstanding salary.

16. Explain four basic terms of Accounting.

SECTION – III
Answer any 5 questions from 17 to 22. Each carries 3 scores. (5  3 = 15)

17. Discuss the following :
(a) Money Measurement Concept
(b) Going Concern Concept
(c) Matching Concept

18. Fill in the blanks with suitable account.
(a) __________ A/c .............. Dr. 50,000
To Capital A/c 50,000
(Being started business with furniture)
(b) __________ A/c .............. Dr.
To __________ A/c
(Salary Paid ` 1,500)
(c) Purchased Machinery on credit ` 10,000. In this account which account is
debited ?

19. Mentioning any three objectives of preparing trial balance.

20. Explain the different methods of charging depreciation on assets.

21. Discuss, how the items like (i) provision for bad debts, (ii) income received in
advances and (iii) outstanding expenses are treated at the time of preparing final
account.

FY-349 6

15.   ,    
.

16.    .

SECTION – III
17  22    5  .
 3  . (5  3 = 15)

17.    .
(a)   
(b)   
(c)  

18.   .
(a) __________ A/c .............. Dr. 50,000
To  A/c 50,000
(  )
(b) __________ A/c .............. Dr.
To __________ A/c
(1,500   )
(c) 10,000   .   
  .

19.       .

20.     .

21.      
 . (i)   
 (ii)    (iii)  .

FY-349 7 P.T.O.

22. “Do not change Policies frequently otherwise it will loose the Comparability quality
of financial statement” – Identify the concept behind this statement.

SECTION – IV
Answer any 4 questions from 23 to 27. Each carries 4 scores. (4  4 = 16)

23. Explain briefly :
(a) Business entity concept
(b) Full disclosure concept
(c) Materiality concept
(d) Accounting period concept

24. Journalise the following transaction :
2022

Jan. 1 Anil started business with capital ` 2,50,000

Jan. 3 Purchased goods for cash ` 50,000

Jan. 7 Bought machinery for cash ` 3,00,000

Jan. 8 Purchase return ` 2,000

Jan. 17 Paid wages ` 5,000

Jan. 21 Sold goods on credit to Mohan ` 2,00,000

Jan. 27 Sold goods for ` 7,50,000

Jan. 31 Paid rent for residential building of the owner ` 7,000

25. Explain the Rule of Debit and Credit of the following :
Name of Account Debit Credit
Asset Increase Decrease
Liabilities – –
Capital – –
Revenue – –
Expenditure – –

FY-349 8

22.   ,    
  .     
.

SECTION – IV
23 27    4 
.  4  . (4  4 = 16)
23.  :
(a)   
(b)   
(c)  
(d)   

24.     :
2022
 1      2,50,000
 3   50,000
 7      3,00,000
 8   2,000
 17   5,000
 21     2,00,000
 27    7,50,000
 31    7,000 

25.   ,   .
   
  
 – –
 – –
 – –
 – –

FY-349 9 P.T.O.

26. Prepare a Bank Reconciliation Statement with the Particulars of Vimala as on
31-3-2023.

(1) Balance as Per Cash Book ` 50,000.

(2) Cheque of ` 8,000 issued but not presented for payment.

(3) Dividend of ` 4,000 collected directly by the bank and the same was credited in
the bank but not entered in the cash book.

(4) Bank charges ` 400-debited in the bank only.

(5) A cheque for ` 6,000 was deposited but not collected by the bank.

27. Calculate the amount of depreciation of machinery purchased on 1-4-2019 for
` 2,00,000 by Nakshatra Traders under written down value method. They spent
` 10,000 for installation.

Depreciation is provided @ 10. p.a. Prepare Machinery Account for the first
three years. Accounts are closed on 31st March every year.

SECTION – V

Answer any 3 questions from 28 to 31. Each carries 5 scores. (3  5 = 15)

28. What do you understand the financial statements and explain the different components
of it.

29. Briefly explain the qualitative characteristics of accounting informations.

30. Explain the different courses of mismatching the Pass book balances with cash book
balances.

31. Credit sales to Babu ` 20,000 was posted to his account as ` 2,000 only. Suggest
rectification entry.

FY-349 10

26.  31-3-2023     .
(1)    – 50,000.
(2) 8,000    .   .

(3)    4,000    
    .
(4)   400      .
(5) 6,000     .

27. 1-4-2019-     2,00,000    
.   10,000  .
  10   
.    31    .

SECTION – V
28 31    3 
.  5  . (3  5 = 15)

28.       ?
   .

29.     
.

30.      
   .

31.      .
 20,000      2,000
  .

FY-349 11 P.T.O.

SECTION – VI
Answer any 2 questions from 32 to 34. Each carries 8 scores. (2  8 = 16)

32. Mr. Sudhakar has the following transactions. Prepare Accounting equation.

(1) Started business with cash ` 1,75,000

(2) Purchased goods from Rajan ` 50,000

(3) Sold goods (costing ` 17,500) on credit to Mohan ` 20,000

(4) Purchased furniture for office use ` 10,000

(5) Cash paid to Rajan in full settlement of ` 48,500

(6) Cash received from Mohan ` 20,000

(7) Paid Rent ` 1,000

(8) Cash withdrew for personal use ` 3,000

33. Will you help your friend Master Sankar in your class to prepare the double column
cash book with the following information :

2023

Jan. 1 Cash balances ` 15,000

Bank balances ` 42,000

2 Purchased goods by cheque ` 12,000

3 Sold goods for cash ` 6,000

7 Purchased machinery and issued cheque ` 5,500

9 Sold goods and received cheque ` 4,500.

(Deposited same day into the bank)

12 Purchased goods form Rafeek ` 17,400.

13 Purchased stationery and paid by cheque ` 1,100

18 Cheque issued to Rohit ` 10,000

21 Rent paid by cheque ` 2,500

29 Paid salary ` 3,500

FY-349 12

SECTION – VI
32 34    2 
.  8  . (2  8 = 16)

32.      
 .
(1)     1,75,000 

(2)     50,000 

(3) 17,500    20,000    

(4)     10,000

(5) 48,500       .

(6)     20,000

(7)   1,000

(8)     3,000

33.        
    .
2023
 1   15,000 
  42,000 
 2     12,000 
 3    6,000 
 7     5,500 
 9     4,500 
(     )
 12      17,400 
 13     1,100 
 18    10,000 
 21    2,500 
 29   3,500 

FY-349 13 P.T.O.

34. Prepare a Final Account of Star Traders Ltd. for the year ending 31 st March, 2024.
Trial Balance as on 31-3-2024
Amount Amount
Name of Accounts
(`) Dr. (`) Cr.
Opening Stock 25,000
Furniture 20,000
Plant & Machinery 1,00,000
Bills receivable 14,000
Sundry Debtors 80,000
Purchase 1,80,000
Wages 10,000
Cash in hand 6,000
Investment 40,000
Motor car 51,000
Discount allowed 2,000
Return inward 7,000
Freight 4,000
Rent, Rates and Taxes 5,000
Bad debts 1,000
Trade Expenses 2,400
Printing and Stationery 2,000
Drawings 20,000
Capital 2,00,000
Sales 2,76,000
Bills payable 15,400
Return outward 2,000
Bank overdraft 12,000
Provision for bad debts 4,000
Sundry creditors 60,000
Total 5,69,400 5,69,400
Adjustments :
(1) Closing stock 45,000.
(2) Provision for doubtful debts is to be maintained @ 2 on debtor.
(3) Depreciation on Furniture 5, Plant and machinery @6 and Motor car @10.
(4) A machine of ` 30,000 purchased on 1st October 2023.
__________

FY-349 14

34. 2024  31       
.
31-3-2024   
 
 
(`) Dr. (`) Cr.
  25,000
 20,000
   1,00,000
  14,000
  80,000
 1,80,000
 10,000
   6,000
 40,000
  51,000
  2,000
  7,000
  4,000
,   5,000
 1,000
 2,400
  2,000
  20,000
 2,00,000
 2,76,000
  15,400
  2,000
    12,000
  4,000
  60,000
Total 5,69,400 5,69,400
 :
(1)   45,000 .
(2)      2 
.
(3)  :  5,    6,  
10.
(4) 2023  1-   30,000   .
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FY-349 15 P.T.O.

FY-349 16