MBOSE Class 11 Question Paper 2019 for Accountancy

Total No. of Printed Pages–8 (2)
HS/XI/Com/Ac/19
(b) Recording of transactions in the Journal is called.
2019 (i) Entry Making

ACCOUNTANCY (ii) Posting
( Commerce ) (iii) Adjusting

Full Marks : 90 (iv) Journalising
Time : 3 hours
(c) The concept that a business enterprise will not
The figures in the margin indicate full marks for the questions be sold or liquidated in the near future is known
as
General Instructions:
(i) Going Concern concept
(i) All questions are compulsory.
(ii) Marks are indicated against each questions (ii) Business entity concept

(iii) Paper has Part–A and Part B. Part–A carries 55 marks (iii) Cost concept
and Part–B carries 35 Marks.
(iv) Dual concept

PART – A

( Marks : 55 ) 2. Give any three objectives of accounting. 3

1. Choose the correct answer: 1x3=3
3. Distinguish between revenue expenditure and capital
(a) Capital + liability= expenditure. 3
(i) Reserve
(ii) Creditors 4. Rectify the following errors. 4
(iii) Debtors (i) Salary 2,000 paid to the manager Mr. Karan
(iv) Assets was debited to his personal account.

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(3) (4)

(ii) Purchase book was overcast by 600. 9. Write short notes on the following. (any three) 3x2=6

(iii) A sum of 400 spent on repair of machinery was (i) Accrual concept
debited to machinery account.
(ii) Matching concept
(iv) Goods worth 3,000 withdrawn by the proprietor
was omitted to be recorded in the books of (iii) Going concern concept
account.
(iv) Business entity concept

5. Distinguish between a bill of exchange and a
promissory note. 4 10. Prepare a double column Cash book (Cash and Bank)
from the following information. 6
6. What is a trial balance? State any three objectives of March 2018
a trial balance. 4
March 1 Cash in hand 7,500 and bank
overdraft 3,500.
7. On 31st March, 2018, the Cash book shows a debit
March 3 Salary paid 1,000.
bank balance of 7,000. Prepare Bank Reconciliation
Statement on the basis of the following information. 4 March 10 Withdrawn from the bank 400.
(i) Cheques deposited but not credited 2,500. March 15 Paid rent 500 by cheque.

(ii) Cheques issued but not presented for payment March 18 Goods purchased and paid by cheque
3,000. 1,500.

(iii) Interest credited by the bank 1,200. March 20 Cash sale 7,000.

(iv) Cheques deposited in bank but dishonoured March 24 Cash deposited in bank 4,000.
2,000.
March 25 Received a cheque from a customer
2,000.
8. Distinguish between Provisions and Reserves. 4

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(5) (6)

11. On 1st June, 2018 Amar sold goods worth 5,000 on (ii) Casual report
credit to Manoj. On the same day Amar drew a bill on
Manoj for the amount, payable after three months. (iii) Parameter report
Manoj accepted the bill and returned it to Amar. The
bill was discounted with the bank by Amar on
(iv) E-mail report
1st July, 2018 @ 12% p.a. The bill was duly met on
maturity. Show journal entries in the books of Amar
and Manoj. 6
(b) Trade-marks is shown in

(i) Trading A/c
12. On 1st April, 2014 S Ltd. purchased a machinery for
3,90,000. A further 10,000 was spent on its
installation. On 1 st November, 2 015 another (ii) Balance Sheet
machinery costing 1,00,000 was purchased and the
company spent 10,000 on carriage and a further (iii) Profit and Loss A/c
10,000 on installation. On 30th September, 2016
the machinery purchased in 2014 was sold for (iv) None of the above.
1,80,000. The company charges depreciation @ 10%
on written down value basis. Accounts are closed every
year on 31st March. Prepare Machinery Account upto (c) Credit sales can be ascertained by preparing
st
31 March, 2017. 8
(i) Debtors A/c

PART – B (ii) Creditors A/c
( Marks : 35 )
(iii) Statement of Affairs

13. Choose the correct answer: 1x3=3 (iv) Statement of Profit and Loss
(a) Report, the need for which is not anticipated is
called
14. State any three limitations of Single entry system of
Accounting. 3
(i) Simple report

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(7) (8)

15. Calculate cost of goods sold from the following: 20. From the following trial balance of R.K. Traders
Opening Stock 22,000, Purchase 1,55,400, Return prepare Trading and Profit and Loss A/c and a Balance
outward 1,400, Carriage inward 2,000, Carriage Sheet as on 31st March, 2018. 2+3+3=8
outward 5,000, Wage 6,000, Salary 12,000, Trial Balance
Closing stock 25,000. 3 Dr. Cr.
Debtors 32,000 Creditor 5,650
Opening Stock 22,000 Sales 1,39,000
16. What are financial statements? State any two
objectives of preparing financial statements. 3 Cash at Bank 1,580 Bills Payable 7,500
Machinery 17,500 Capital 79,500
17. Explain briefly how Accounting Information System Trade Expenses 1,075
receives and provides information to other functional
Salaries 2,225
Management Information System. 3
Carriage 400
Rent 2,000
18. Vivek commenced his business on 1st April, 2017 with
a capital of 20,000. On 31st March, 2018 his position Purchases 1,18,370
of assets and liabilities was as follows: Land & Building 34,500
Cash at bank 4,300, Cash in hand 3,600, Stock TOTAL 2,31,650 2,31,650
9,000, Debtors 6,400, Machinery 6,500, Bills
payable 3,200, Bills Receivable 2,800, Creditor
1,800. During the year, Vivek introduced further Adjustment:
capital 2,000 and his drawings was 800 per month.
(i) Stock as on 31st March, 2018 was 12,450.
Prepare a statement showing Profit and Loss made
by Vivek during the year. (ii) Rent outstanding amounted to 200.
6
(iii) Depreciate Machinery by 10%.

19. Define computerised accounting system. Distinguish (iv) Make a provision for bad and doubtful debts
between manual and computerised accounting system. 6 @ 10% on Debtors .

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