MBOSE Class 11 Question Paper 2022 for Accountancy

Total No. of Printed Pages – 9 (2)
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(b) The debts which are to be repaid within a short
2022 period are known as:
(i) Current liabilities
ACCOUNTANCY
(ii) Fixed liabilities
( Commerce )
(iii) Contingent liabilities
Full Marks : 80
(iv) All of the above.
Time : 3 hours

The figures in the margin indicate full marks for the questions (c) According to the double entry system of
General Instructions: accounting, an account that obtains benefit is:

(i) All questions are compulsory. (i) Credited

(ii) Marks are shown against each questions (ii) Debited
(iii) This question paper is divided into two parts, Part-A (iii) Income received
and Part-B.
(iv) No need to show as accounting record.

PART – A
(d) When a transaction is wholly or partially recorded
1. Choose the correct answer: 1x8=8 incorrectly, it is called:

(a) Which balance does an Asset accounts show? (i) Error of commission
(i) Debit
(ii) Error of principle
(ii) Credit
(iii) Error of omission
(iii) Contra
(iv) All of the above. (iv) Error of posting.

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(3) (4)

(e) Bank Reconciliation Statement is prepared by: (h) According to concept of conservatism, the stock
in trade is valued at:
(i) Bank
(i) Market price
(ii) Customer’s Accountant (ii) Cost price
(iii) Auditors (iii) Market price or cost price, whichever is
higher
(iv) None of the above.
(iv) Market price or cost price, whichever is
lower.

(f) The act of transferring the bill from one person
to another is called: 2. What do you mean by automation of accounting
process? 1
(i) Discounting

(ii) Acceptance 3. What is meant by business entity concept? 1

(iii) Endorsement 4. What do you mean by ‘EDPS’? 1

(iv) Retirement.
5. What do you mean by GST? 1

6. Give one example of deferred revenue expenditure. 1
(g) The liability arising from the purchase of goods
or services on credit is called: 7. In which side of the balance sheet ‘prepaid expenses’
is recorded? 1
(i) Creditors

(ii) Accounts payable 8. ‘Installation charges of a plant’ is considered as what
type of expenditure? 1
(iii) Loan

(iv) Accounts receivable 9. Explain briefly any two attributes of quantitative
characteristics of Accounting Information System. 3

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(5) (6)

10. Distinguish between capital reserve and revenue (iv) Bank charges for the period 100
reserve. (any two points) 3
(v) Interest on overdraft charged by the
bank 200
11. What do you mean by IFRS? Write any one objective
of IFRS. 4
(vi) Direct deposits by customers collected
by the bank not shown in the cash book 500
12. Mr. Sujay has the following transactions. Show
accounting equation for the same: 4
15. Esha maintains her books of accounts on calender
(i) Commenced business with cash 3,00,000. year basis. She purchased on 1-1-2016 a Machine
for 40,000. She purchased another machine on
(ii) Purchased goods for cash 80,000. 1st October, 2016 for 20,000 and on 1st July, 2017
(iii) Purchased machinery on credit 1,25,000. for 10,000. On 1st July, 2018, the machine installed
on 1st January, 2016 became obsolete and was sold
(iv) Purchased old car for personal use for
for 6,800.
1,00,000.
Show how the machinery account will appear in
13. Explain the meaning and objective of Accounting the books of Esha for all the three years under fixed
Standards. 6 installment method and written down value method
@ of 10% depreciation. 8
14. Prepare a Bank reconciliation statement from the
following particulars: 6
(i) Overdraft as per cash book on 31st Dec. PART – B
2018 8,000

16. Choose the correct Answer : 1x2=2
(ii) Cheques paid into the bank but not
cleared before 31st Dec. 2018 2,000 (a) Wages paid for the installation of a machinery is:
(i) Capital Expenditure
(iii) Cheques issued but not cashed by the
customer prior to 31st Dec. 2018 1,200 (ii) Revenue Expenditure

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(7) (8)

(iii) Deferred Revenue Expenditure 23. The following trial balance is extracted from the books
of Basubadutta Traders for the year ending 31st March,
(iv) Revenue Payment. 2018: 6

(b) If closing stock appears in the trial balance, it is Particulars Debit Credit
transferred to: Balance Balance

(i) Trading Account
Opening Stock 8,000 –
(ii) P & L Account
Purchase and Sales 35,000 80,000
(iii) Balance Sheet
Returns 2,000 3,000
(iv) Trading Account & Balance Sheet.
Drawings and Capital 8,500 25,000

17. What is meant by software component of a computer? 1 Furniture 15,000 –

Discount 1,700 3,100
18. Write one advantage of AIS. 1
Salaries 1,600 –
19. What is database? 1
Insurance 2,500 –
20. Distinguish between Single Entry System and Double
Entry System (Any Four Points). 4 Wages 1,200 –

Building 20,000 –
21. What is the role of computer in Accounting? 4
Bills Receivable and Payable 5,000 1,400
22. Opening Capital 1,40,000, Profit for the year
40,000, Drawings 14,000. Debtors and Creditors 9,600 2,000
During the year, proprietor sold ornaments of his wife
Cash 4,400 –
for 40,000 and invested the same in the business.
Calculate closing capital. 4 Total 1,14,500 1,14,500

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(9 )

Adjustments:
(i) Closing stock on 31-03-2018 was valued at
12,500.
(ii) Insurance prepaid is 100
(iii) Salaries outstanding 500
(iv) Depreciate Building by 10% and Furniture by
5%
Prepare final accounts.

24. Explain two Accounting Software System known to
you. 8

Or

What do you mean by Automation of Accounting
Process? What are the various stages in automation?

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