TRINITY INTERNATIONAL SS & COLLEGE

Dillibazar Height, Kathmandu

Annual Examination – 2078 (2021)
GRADE XI (Management)

Subject: Accountancy (Acc.1031) Full Marks: 75

Time: 3 hrs.
Candidates are required to give answers in their own words as far as practicable. Figures in
the margin indicate full marks.
Do not scatter your answers.
Attempt all the questions.
Group "A"
Answer the following questions in very short. [11×1 =11]
1. Define Accounting.
2. Give the meaning of NAS .
3. Write in short about Business Entity concept.
4. Define Trial balance.
5. What is Endorsement of cheque .
6. Write about Errors of commission.
7. What is reserve .
8. Give the meaning of capital expenditure.
9. What is Treasury single account.
10. What is New Accounting system of government of Nepal.
11. Define bank cash book. [A.G.F.No.209]

Group "B"
Short Answer questions. [8×5=40]
12. A. State in brief about scope of accounting. [3]
B. Prepare accounting equation from the following transaction. [2]
a. Started business with cash Rs 150000 and machinery Rs 200000
b. purchase furniture Rs 50000 on cash and Rs 30000 on credit.
c. paid wages Rs 20000.
d. sold furniture costing Rs 10000 for Rs 14000.
13. A. Cash and Banking Transactions are given below. [3]
Baishak1. Opening balance of cash and Bank are Rs 50000 and Rs 100000
respectively.
Baishak 10: Issued chequeRs 22000 to Gopal for settle his account of Rs
23000.
Baishak 13: Cash deposited in BankRs 10000

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 Baishak 20: Cash received from Ram Rs 15000 for sales of furniture.
Required: Triple column cash Book
B. Following transactions are provided to you. [2]
Jestha 5: sold toAsmita stationery:
10 pencil boxes @Rs 200 each box
15 eraser boxes @Rs 100 each box.
Less: 10% trade discount
Jestha10 : sold to Buddhal stationery :
20 English books @Rs 300 each .
15 Economics books @ Rs 250 each.
Required : sales Books
14. The following Transaction are given below. [5]
a. Cash Book showed a balance of Rs 60000
b. Cheque issued but not presented for payment Rs 2000
c. Cheque paid in to Bank but not collected by Bank Rs 3000
d. Bank charges debited by bank Rs 500
e. A customers directly deposited in to bank Rs 5000 but not entered in cash
book
f. interest on investment collected by bank but not entered in cash book Rs
1000
Required : Bank Reconciliation statement.
15. A. Rectify the following errors before preparation of trial balance [3]
a. salary paid to Ram Rs 2000 but wrongly debited to his account.
b. sales of furniture Rs 10000 but wrongly credited in sales account.
c. purchase goods from Ram Rs 8000 but wrongly recorded in sales book.
B. Following information are extracted from the trial balance. [2]
particulars Debit Rs Credit Rs
Sundry debtors 42000
Provision for bad debts 5000
Additional information:
a. Bad debts Rs 2000
b. Provision for bad debt @5%
Required: provision for bad debt Account
OR
An unadjusted trial balance of trading concern is given below. [5]
particulars Debit Rs particulars Credit Rs
furniture 65000 capital 75000
Rent 8000 creditors 10000
salary 10000 commission 10000

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 purchased 30000 sales 80000
Prepaid insurance 5000
Office expenses 2000
cash 20000
debtors 35000
Total 175000 Total 175000
Additional information :
a. Prepaid rent Rs 3000
b. Depreciation on furniture @10%
c. Outstanding salary Rs 1000
d. Prepaid insurance expired Rs 2000
e. Bad debts written off Rs 5000
Required: Adjusted Trial balance
16. XYZ company purchased a machine for Rs 150000 on January 1 st 2020. On
1stjuly
2021,the company purchased another machine costing Rs 50000. On 31st
December 2022, The machine purchase on January 1st 2020 was sold for Rs
100000 and on the same date Purchased new machinery for Rs 60000.
Depreciation is provided @10% p.a. on the Original cost methods. Accounts
were closed on 31st December of each year.
Required: Machinery Accounts for three years from 2020 to 2022. [1+2+2=5]
17. The following Trial balance of XYZ co. as on 31 stchaitra 2077.
particulars Debit Rs particulars Credit Rs
General expenses 20000 capital 500000
Machinery 300000 creditors 30000
salary 22000 Provision for bad debts 5000
Investment 150000 Bank loan 80000
Sundry debtors 50000 Commission received 10000
Rent 5000 Gross profit b/d 40000
cash 60000
Closing stock 40000
insurance 15000
Bad debts 3000
Total 665000 Total 665000
Additional information:
a. Depreciation on machinery@10% p.a.
b. Rent outstanding Rs 2000
c. Commission earned but not received Rs 2000
Required: a) Profit and loss account b) Balance sheet [3+2=5]

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18. The following are the balance sheet of last year and receipt and payment
account of current year of club given below.
Balance sheet as on 31stchaitra 2077
Liabilities Amount Assets Amount
Capital fund 218000 Machinery 200000
salary 5000 Subscription due 3000
Cash and Bank 20000

Total 223000 Total 223000

Receipt and payment Account as on 31stchaitra 2078
Receipt Amount Payment Amount
To Balance b/d 20000 By salary 10000
To subscription 60000 By printing and stationery 4000
To entrance fee 30000 By furniture 80000
To Life membership 5000 By balance c/d 21000
fees

Total 115000 Total 115000

Additional information:
a. Subscription due for the year Rs 2000
b. Outstanding printing & stationery Rs 1000
c. Depreciation on furniture @10%p.a
d. 50% of the entrance fee to be capitalized
Required : a) Income & Expenditure Account b) Balance sheet [2+3= 5]
19. A. Ram keeps his account under the single entry system. He started a business
with Rs 150000 on January 1st 2020. During the year he withdrew Rs 1000 per
month for Personal used. The position of his business at end of the year was as
follows.
Plant & machinery Rs. 100000
Furniture Rs. 80000
Debtors Rs. 50000
cash balance Rs. 60000
Creditors Rs. 10000
Outstanding expenses Rs. 5000
Required: a) closing statement of affairs b) statement of profit and loss [1+1=2]
B. Following transactions of District level office are given.
Baishak: 1, paid electricity and water charges Rs 4000

XI/Accountancy 4
 Baishak : 8, Section officer Mr. Khanal presented the bill of office
materials purchase of Rs 7500 and bank deposit slip on TSA of
Rs 500 against the advance of Rs 8000.
Baishak : 20, Issued a payment order to DTCO for the total employee
remuneration of Rs 330000 after deducting the P.F. of Rs 60000
and social security tax Rs 3000 and income tax Rs 2000.
Required: Journal Voucher. [1+1+1=3]
OR
The following information are given: [5]
Budget sub- head Annual Budget Expenses of Kartik
salary 156000 24000
Dress allowance 24000 4000
Office expenses 30000 5000
Rent 60000 5000
Furniture 80000 10000
Machinery 70000 20000
420000 68000
Additional information :
Mangshir 5: purchase of office materials of Rs 10000
Mangshir 10: issued a cheque of Rs 15000 for purchased of machinery and
Equipment
Mangshir 25: Employee remuneration of the month of MangshirRs 44000
was distributed
After deducting P.F. Rs 8000 and income tax Rs 1000
Required: Budget sheet [5]
Group "C"
Attempt all Questions [3x8=24]
20. The trial balance of XYZ co. ltd as on 31 st December 2020
Particulars Debit Rs Credit Rs.
capital 380000
wages 20000
Machinery 400000
salary 100000
Selling expenses 20000
10% Bank Loan 200000
sales 500000
Opening stock 20000
purchased 250000
Cash at bank 100000

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 goodwill 40000
10% investment 200000
Account payable 50000
Prepaid insurance 10000
Rent received 30000
Interest on investment 20000
debtors 30000
creditors 25000
Printing and stationery 15000
Total 1205000 1205000
Additional Information :
a. Depreciation on machinery by 10%.
b. Wages due Rs5000
c. Prepaid insurance expired Rs 2000
d. Closing stock Rs 70000
Required: a) Income statement under NFRS b) Balance sheet under NFRS
[4+4=8]
OR
What is New government accounting system ? Explain any five features of new
government accounting system. [3+5=8]
21. The following transaction of XYZ co. given below.
Baishak 1, 2020: started a business with cash Rs 300000 and bank balance
Rs 500000
Baishak 5, 2020: purchased goods from Ramesh Rs 30000
Baishak 10, 2020: ash deposited in to bank Rs 50000
Baishak 15, 2020: goods sold on cash Rs 100000
Baishak 20, 2020: salary paid by cash Rs 20000
Baishak 28, 2020: paid to Ramesh Rs 29500 in full settlement of his account.
Required: a) Journal Entries. b) Necessary ledger account c) Trial Balance
[3+4+1=8]
22. A. You are given the following transactions of District Administration office,
jhapa.
Bhadra 1, issued a payment order to DTCO for the payment of office
materials Purchase for Rs20000. The amount was recorded as
budget release on the same day.
Bhadra 5, Account officer MrRaju submitted the bills of furniture of
Rs50000 and his Advance was cleared by issuing a payment
order to DTCO of Rs 5000 for the payment of excess amount of

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 expenditure .The excess amount of expenditure was recorded as
budget release on the same day.
Bhadra 7, Issued a payment order to DTCO to distribute the total mployee
Remuneration of Rs 88000 for the month of Bhadra after
deducting The P.F. Rs 16000 and social security tax of Rs 2000.
The payment of Salary was recorded as budget release on the
same day.
Required: Bank cash book [4]
B. Following information is given :
Budget Head Annual Expenditure up to Expenditure of
budget Ashwin kartik
Employee remuneration 60000 15000 5000
Local allowance 7500 1800 600
Travelling expenses 18000 5000 1200
Fuel 12000 3000 1000
Furniture &fixture 25000 10000 15000
Additional informational:
a. Unclearedadvance on purchase of fuel Rs 2000.
Required : statement of expenditure for the month of kartik. [4]


XI/Accountancy 7