Cleanliness is next to Godliness “Cleanliness is next to Godliness,” we have been saying this for a long time but have we practiced it in real life? I guess the honest answer would be no. We all know the importance of keeping our environment clean and healthy, but we always fail to act. Here, Vrikshit Foundation has brought a fantastic opportunity for us to serve back to society. It has organized a drive where they need our valuable time to clean our beloved Pink city Jaipur. Vrikshit Foundation is a Delhi-based organization conducting cleanliness drives, environment protection, and awareness programs. It was started in 2019 and has already spread across 14 states, and recently they have started their activities in Jaipur. Their motive is to create a surrounding where people would love being around. They have successfully cleaned Yamuna bank and also planted 10k trees around the nation and are continuing with their excellent work. The enthusiastic youth of Vriks
ACCOUNTANCY
Class – XI
SAMPLE EXAM PAPER (2015-16)
Time
allowed: 3 hours
Maximum
Marks: 82
General
Instructions:
1. This question
paper contains Two parts A& B.
2. Both the
parts are compulsory for all.
3. All parts of
questions should be attempted at one place
4. Marks are given at the end of each
question.
Part
– A (Financial Accounting -- I)
1. What is the difference between
Expense and Loss? (1)
2. What do you mean by source
documents? (1)
3. Who are the external users of
accounting? (1)
4. Name any two intangible
assets? (1)
5. Differentiate between Cash
basis and Accrual basis of accounting? (3)
6. Rectify the following errors
by passing entries.
(i) Sales of goods Rs.5,000 to
Mohan were recorded as Rs.500 in sales book.
(ii) Return inward book has been
wrongly overcast by Rs.400
(iii) An old machine was sold for
Rs.6,000 was entered in sales book. (3)
7. Write any three objectives of
Accounting. (3)
8. Explain Full disclosure and
Revenue Recognition principle of accounting. (3)
9. What do you understand by provisions?
Give two examples of provisions. (4)
10. Prepare Trial Balance from
the following information:
Purchases Rs.40,000; Provision
for doubtful debts Rs.5,000; Discount Received Rs.3,000; Bad
debts written off Rs.1,000;
Livestock Rs.4,000; Capital Rs.90,000; Sundry creditors Rs.22,000; Amount due
from Vinod Rs.45,000; Carriage inward Rs.10,000; Carriage outwards Rs.6,000;
Profit and Loss Account (Dr.)
Rs.14,000. (4)
11. X sold goods to 'Y' worth
6,000. 'Y' gave a two months promissory note to 'X' for this amount due on Jan
1,. On due date 'Y' approached 'X' and requested for its renewal for 3 months @
4% interest. 'X' agreed to the proposal. New bill was met on due date. Pass
entries in the books of 'X' and 'Y'. (4)
12. Prepare Cash Book with Bank
Column of Vinod from the following transactions:
March. 1 Cash in hand Rs.70,000
and bank Rs.30,000.
March. 6 Received cash form Mohan
Rs.950 in full settlement of debt of Rs.1,000.
March. 11 Bought goods for cash
Rs.10,000 and by cheque Rs.8,000.
March. 16 Sold goods for
Rs.12,000 and deposited cash into bank on the same day.
March. 23 Withdrawn from bank for
personal use Rs.600. (4)
13. Following transactions are of
M/s. Vinod Kumar & Sons for the month of April, 2014. Prepare their
Purchases Book:
April 7 Purchased from M/s.
Gaurav Sood & sons on Credit:
100 Zodiac Shirts @ 2,300 each
50 Reid & Taylors Trousers @
Rs.4,200 each
Trade Discount @ 10%
April 13 Purchased a Typewriter
for office use from M/s. Bhagat Singh & Sons for Rs.4,000.
April 27 Purchased on credit from
M/s. Raj & sons:
100 Peter England Shirts @ 1,800
each
50 Overcoats @ Rs.4,500 each
Trade Discount @ 10% (4)
14. Prepare a Bank Reconciliation
Statement on 31 Dec. 2010 for the following:
(i) Overdraft as per pass book
7,600
(ii) Cheques deposited but not
collected by bank 8,560
(iii) Incidental charges paid by
bank but not recorded in cash book 80
(iv) Cheques issued but not
presented for payment 3,400
(v) Insurance premium paid by
bank not recorded in cash book 4,200
(vi) On 31st December cash
deposited in bank Rs. 385 but the cashier debited the bank column
with Rs. 485 by mistake. (6)
15. A Computer & Software
Company purchases 5 Computers at Rs. 25,000 each on April 1, 2002. The company
writes off depreciation @20% per annum on original cost and observes calendar year
as its accounting year. On October 1, 2004 one of the Computers was damaged due
to electric fluctuation and was completely destroyed. Damaged Computer was sold
to a Mechanic for Rs. 11,250. On the same day the company purchases a Second
hand computer for Rs. 15,000. Prepare Computer Account for the three years
ending on December 2004. (8)
Part
– B (Financial Accounting -- II)
16. Give one disadvantage of
Single Entry System. (1)
17. Give one similarity between
Receipt and Payment A/c and Income and Expenditure A/c. (1)
18. What amount is to be shown in
income & expenditure account for 31st of March 2010.
Match expenses 25,000
Match fund 15,000
Donations for match fund 9,000
Sale of match tickets 6,000. (3)
19. From the following
information, find out total sales:
Stock in the beginning Rs.10,000
Purchases Rs.38,000
Stock at the end Rs.7,000
Rate of Gross Profit on Sales
1/6. (3)
20. Vinod started business with Rs. 1,00,000.
He drew Rs. 1,000 p.m. during that year. He introduced Rs. 20,000 as further
capital in the business. Following were the assets and liabilities at the end
of the year:
Furniture 4,000
Stock 28,000
Bills Receivable 20,000
Sundry Debtors 90,000
Bank Balance 25,000
Cash in hand 5,000
Sundry Creditors 16,000
Outstanding Expenses 6,000
He does not keep double entry
books of accounts. Find out profit or loss for the year. (6)
21. Following is the extract from
a Trial Balance:
Particulars
Amount (Dr.) Amount (Cr.)
Investment (rate of interest 10%
p.a.) 6,00,000 ---
Interest Received --
54,000
Show how the above items will
appear in final accounts. (6)
22. Explain Utility software and
Application Software. (6)
23. Following is the Receipts
& Payments Account of a Club for the year ending Dec. 31, 2007:
Receipts Amount Payments Amount
Balance b/d 8,000 Salary 60,000
Subscriptions Newspaper
15,000
2006 4,000 Rent 10,000
2007 40,000 Fixed
Deposit
2008 4,500 48,500 (On 1.1.2007 @ 12% p.a.) 30,000
Sale of old newspapers 5,400 Books
20,000
Government
Grants 80,000 Furniture 9,000
Sale of old furniture 18,100 Balance c/d 19,000
(Book value 9,000)
Profit from entertainment 3,000
Total = Rs 163000
Prepare Income & Expenditure
Account when:
1. Subscriptions outstanding as
on 31.12.2007 were Rs.5,000 and salary outstanding was Rs.3,000.
2. On 1.1.2007 the library had
furniture Rs.50,000 and books Rs.1, 20,000. (6)
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