JKBOSE 11th Class Model Paper Accountancy

Subject: Accountancy Class: XI

Time: 3 Hours Max Marks: 80

General Instructions
1. This question paper contains 23 questions
2. Allthe questions are compulsory
3. Questions 1-8 carry Imark each
4. Questions 9-12 carry 3 marks each
5. Questions 13-17 carry 4 marks each
6. Questions 18-21 carry 6 marks each with internalchoice.
7. Questions 22-23 carry 8 marks each with internal choice.

Section A
Q1: Point out the correct accounting equation:
a) Assets = Liabilities +capital
b)Liabilities capital +Assets
c) Capital = Assets t Liabilities
d)Liabilities = Assets. + Capital

Q2: Personal accounts'are related to
a) Assets
b) Expenses, Losses and Income
c) Customers, creditors
d) Firms

03. A trail balance is a
a) Real account
b) Nominal account
c) List of Balances
d) None of these

04: Trial balance checks
a) The arithmetical Accuracyof books
b) The honesty of the Book-Keeper.
c) Accuracy of the Book-Keeper.
d) Allof these.

05: Loss on sale of land is a:
a) Capital loss
b) Revenue loss
c) Capital expenditure
d) Revenue expenditure

O6: Stock in trade is
a) A current assets.
b) Fixed assets
c) An intangible assets
d) A fictions assets

Q7: Closing stock is recorded at the:
a) Balance sheet and trading account
b)Balance sheet only.
c) Profit and loss accounts.
d) Deducted from the purchases in the trading
account.

Q8: Prepaid expenditure is shown as
a) An asset
b) A liability
c) An expense
d) Expenditure

Section B
09: What is the difference between
Book-Keeping and Accounting (Give Three Points)
Q10: Define the following terms
i) Debtors
i)Drawings
ii) Liability
iv) Capital

Ql1: Explain any two Accounting Principles.
Q12: Explain in brief the following accounting concepts
" a) Business Entity Concept
b) Dual-Aspect Concept

Section B

Q13: Prepare accounting equation on the basis of following.
i) Imran commenced business with cash Rs. 12, 00, 00/
ii) Purchased Goods on credit Rs. 20,000/
iii)Purchased Machinery for Rs. 18,000/
iv) Sold Goods costing Rs. 11000/- for Rs. 13,000/
v) Cash paid to creditors

Q14: Prepare Trial Balance from the following balances as on 31 March, 2023.

Sales = Rs. 60,000/
Capital = Rs. 12,200/
Creditors = Rs. 45,000/
Adjusted Purchases =Rs. 56,200/
Fixed Liabilities = Rs. 18,810/
Debtor's = Rs. 24,420/
Machinery -Rs. 16,500/
Closing Stock = Rs. 42.000/
Freight =Rs. 3,000/
Delivery Van = Rs. 14,000/
Bank (Cr) = Rs. 23,000/
Discount Received = Rs. 1,800/
Clearing Charges = Rs. 3,430/
Return in word = Rs. 1,260/

Q15: Give four points distinguish between Reserve and Provision
Q16: Prepare a trading account with Imaginary Figures.
Q17: Show the accounting treatment of following adjustments in financial statements.
i) Outstanding expenses
ii)Accrued Income
i) Deprication
iv) Bad debts.

Section C
Q18: Prepare triple column cash book from the following for the period ended 31% December, 2022.

2022

Dec. 1 Balance of cash in hand Rs. 14,000/- and in bank Rs. 10,000/
Dec. 7 Received cash from Mohan Rs. 1,000/- and allowed him discount Rs. 30/
Dec. 10 Paid into the bank Rs. 2,000/
Dec. 12 Paid to Divakr by cheque Rs. 320/- in full settlement of their account for
Rs. 350/.
Dec. 17 Received from cash sales Rs. 275/- and cheque Rs. 350/
Dec. 20 Paid for purchases by cheque Rs. 645/
Dec. 25 Paid bycheque to Ravi Rs. 725/- in full settlement of Rs. 800/
Dec. 29 Drew from bank for officeuse Rs. 900/- and Rs. 100/- for personal use.
OR
From the following transactions, prepare Bhandari account.
2019 Rs.
Feb 1 Opening Balance (DR) 1230/
Feb 3 Sold góods to him 6700/
Feb 10 Received cash from him 3000/
Feb 15 He return goods 500/
Feb 22 Purchased furniture from him 9000/
Feb 25 Paid by cheque 6000/

Q19: From the following particulars of Vipan Gulati write up the Sales Day Book.

2022

March 1: Sold on credit to Suresh Traders, Surat (Invoice No. 1315)

25 Trousers @ Rs. 1200/- each
12 T-Shirts @ Rs. 750/- each
Trade Discount %/ Freight Rs. 500/

March 10: Sold on credit to Dewan Fashions, Poona (Invoice No.
1316)

30 Capries (@ Rs. 550/- each
24 Tops (@ Rs. 250/- each
Trade Discount 8% Cartage Rs. 320/

March 24: Sold on credit to Sharma Jeans, Agra
(Invoice No. 131)
20 Jeans (@ Rs. 1600/- each
40 Shorts @ Rs. 625/- each

Trade-Discount 10% Freight Rs. 650/

OR
Show the accounting equation on the basis of the following transactions.

1) Yasir started business with cash Rs. 80,000/
2) Purchased goods from Arif Rs. 20,000/
3) Goods costing Rs. 10,000/- sold to Shakil.
4) Withdrew Rs. 4,000/- for personal use.
5) Paid to creditors Rs. 12,500/
6) Received commission Rs. 2,500/

Q20:On 1 April, 2021, a plant is purchased for Rs. 25,600/-. Depreciation is to be provided at 25% p.a
on written down value method. The turn in value of Plant at the end of its economic life of 4 years
is expected to be Rs. 8,100/-. You are required to show plant account for 4 years when books are
closed on 31 March every year.
OR

Define straight line method of depreciation with merits and demerits.

Q21: Prepare trading and profit and loss account in books of Sugandh for the year ended 31t March,
2022.

Debit Balances Amount in Rs. Credit Balances Amount in Rs.
Stock on 01-04-2021 34,000/ Sales 72,000/
Purchases 65,000/ Return outward 6,000/
Return inward 8,000/ Discount 1,800/
Cartage Inward 6,000/ Commission 7,000/
Advertisement 18,000/
Interest on Loan 1,500/
Custom duty 2,500/
Postage 700/

On 3| March, 2022,the closing stock is Rs. 40,000/

OR

doubtful debts account as on31 March 2020.
From the followings figures, compile Provision for

*Provision for doubtful debt as on 1 April 2019: Rs 3,000/
* Bad debts written off during the year Rs. 5,000/
* Sundry debtors on31% March, 2020 Rs. 50,000/
was to be
Of the sundry debtors of Rs. 2,000/- was bad and the Provision for doubtful debts
maintained at 5% on sundry debtors. Also show the above figures in the Profit and Loss account
and in the Balance sheet.
Section E

Q22: Journalise the following transactions:
2022
Dec.l Commenced business with cash Rs. 300000/
Dec. 5 Goods purchased from Sham and Co. Rs. 50,000/.
Dec. 10 Cash Sales Rs. 80,000/
Dec. 15 Received interest on investment by Rs. 15,000/
Cheque
Dec. 17 Paid Salaries Rs. 5,000/
Dec. 19 Cash withdrawn from bank for Rs. 20,000/
personal use
Dec. 22 Borrowed from Pooja Rs. 10,000/
Dec. 25 Cash deposited into the bank Rs. 25,000/
OR

Prepare a bank Reconciliation Statement:

i) Debit balance of cash book on 31st December, 2022 Rs. 18,500/
ii) Cheques issued Rs.6000/- were not presented at bank by 31-12-2022
iii))Cheques for Rs. 8000/- were deposited in the bank but were not cleared
iv) A cheque of Rs. 2000/- received from Mr. X and deposited in the bank was dishonoured.
No advice for non-payment was received from bank tll 01-01-2023.
v) Bank received interest on Debentures Rs. 250/
vii) A cheque for Rs. 500/- entered into the cash book omitted to be banked.
vii) The pass book shows a credit of Rs. 180/- for interest and a debit of Rs. 40/- for bank
charges.

Q23: Prepare aTrading and Profit and Loss account and abalance sheet of Ramesh on 31" March,
2021.

Amount in Rs. Amount in Rs.
Debit Balances
Plant and 10,000 Discount 800

Machinery 1,000
Land and 12,000 Drawings
Building BillReceivable 4,000
Furniture 5,000
Bad debts 400
Sundry debtors 10,000
1,000 Credit Balances
Trade expenses Capital 50,000
2,000
Depreciation 10,000 Sales 90,000
Cash in hand
15,000 Sundry creditors 12,000
Cash at bank Purchases Return 1,000
Wages and 6,000 Rent 1,200
Salaries
Repairs Bills Payable 3,000
1,000
Purchases 60,000 -Interest 1,000
Stock on 1t 20,000
April, 2020
Closing Stock on 31st March, 2021 was valued at Rs. 14,000/

OR

Prepare aTrading and Profit and Loss Accountand a Balance Sheet from the following balances relating
to the year ended 3 1st March, 2023.

S.No. Particulars LF Debit Balance in Rs. Credit Balance in Rs.
Opening Stock 8,000
Purchases and Sales 35,000 80,000
Return 2,000 3,000
Drawings and Capital 8,500 25,000
Furniture 15,000
Interest 600
Commission 2,000
Discount 700 500
Salaries 1,600
Insurance 2,500
1,200
Wages 20,000
Building 1,000
Postage 5,000 1,400
Bill receivable and
9,600 2,000
Payable
Debitor's and Creditor's 4,400
Cash
1,14,500 1,14,500

Adjustments:
I Closing Stock on 31-03-2020 was valued at Rs. 12,500/
II. Insurance prepaid is Rs. 100/
III. Commission received inadvance is Rs. 400/
IV. Interest Rs. 50/- has been earned but not yet received.
V. Salaries outstanding Rs. 500/- and wage's outstanding Rs. 80/