12TH Acc QP
12TH Acc QP
SUBJECT: ACCOUNTANCY
PART - A
(a) A company (b) Government (c) Small sized sole trader business (d) Multinational enterprises
2. Statement of affairs is a
(a) Statement of income and expenditure (b) Statement of assets and liabilities
(c) Summary of cash transactions (d) Summary of credit transactions
3.What is the amount of Assetsl of the proprietor, if his Capital are ₹ 85,000 and liabilities are ₹
21,000 ? (a) ₹ 85,000 (b) ₹ 1,06,000 (c) ₹ 21,000 (d) ₹ 64,000
4. When capital in the beginning is ₹ 20,000, drawings during the year is ₹ 12,000, profit made during
the year is ₹ 4,000 and the additional capital introduced is ₹ 6 ,000, find out the amount of capital at the
end. (a) ₹18,000 (b) ₹ 22,,000 (c) ₹ 42,000 (d) ₹ 6,000 5.Opening balance of
debtors: ₹ 30,000, cash received ₹ 1,00,000, closing balance of debtors is ₹ 20,000 credit sales is
6. Match the List - I with List - II and select the correct answer using the codes given below:
List - I List - II
Codes i ii iii iv
Reason (R): It is added with Capital like Net profit of a Trading Concern.
(a) Both (A) and (R) are correct (b) Both (A) and (R) are wrong
(c) (A) is correct and (R) is wrong (d) (A) is wrong and (R) is correct
(a) Nominal A/c (b) Real A/c (c) Personal A/c (d) Representative personal account
(a) Revenue nature (b) Capital nature (c) Both revenue and capital nature (d) All of the above
11. What is the amount of capital of the proprietor, if his assets are ` 85,000 and liabilities 11
are ` 21,000?
12. When capital in the beginning is ` 10,000, drawings during the year is ` 6,000, profit
made during the year is ` 2,000 and the additional capital introduced is ` 3,000, find out
13. Opening balance of debtors: ` 30,000, cash received: ` 1,00,000, credit sales: ` 90,000;
14. Which of the following items relating to bills payable is transferred to total creditors account?
(a) Opening balance of bills payable (b) Closing balance of bills payable
(c) Bills payable accepted during the year (d) Cash paid for bills payable
17. Which of the following should not be recorded in the income and expenditure account?
18. Subscription due but not received for the current year is
19. Legacy is a
PART - B
Debtors on 1st January 2018 1,30,000 Cash received from debtors 4,20,000
25.From the following details calculate the printing and stationery to be debited to Income and
Expenditure Account for the year ending 31st March, 2018 and also show how it will appear in the
Balance Sheet as on 31st March, 2018.
Amount paid for stationery during 2017- 2018 ₹ 4,500
Stock of stationery on 1st April, 2017 ₹ 3000
Stock of stationery on 31st March, 2018 ₹ 2000
26.From the following details calculate that will be shown as subscription in income and expenditure
account for the year ending 31.12.2017.
2015-16 7,500
2016-17 60,000
2017-18 1,500
Subscription outstanding for the year 2016-17 is 2,400. Subscription for 2016-17 received in 2015-16
was 1,000.
PART - C
29.State the differences between double entry system and incomplete records.( Any 3 )
Paticulars Particuiars
Debtors on 1st April 2018 2,50,000 Bills receivable dishonoured 15,000 Bills
receivable on 1st April 2018 60,000 Returns inward 50,000 Cash received
from debtors 7,25,000 Bills receivable on 31st March, 2019 90,000 Cash received for bills
receivable 1,60,000 Sundry debtors on 31st March, 2019 2,40,000 Bad debts 30,000
Cash sales 3,15,000
31.From the following balances in the books of Kailas on 31st March 2019.
Investment Rs.1,80,000 Cash in hand Rs.40,000
Land and building Rs.4,50,000 Machinery Rs.80,000
Sundry Debtors Rs.3,20,000 Stock Rs.1,20,000
32.How will the following appear in the final accounts of a club for the year 2017 –2018?
33..From the following particulars, show how the item ‘subscription’ will appear in the Income and
Expenditure Account for the year ended 31-12-2018?
Subscription received in 2018 is ₹ 1,00,000 which includes ₹ 10,000 for 2017 and ₹ 14,000 for
2019. Subscription outstanding for the year 2018 is ₹ 12,000. Subscription of ₹ 8,000 was received in
advance for 2018 in the year 2017.
PART – D
35. Selvam does not keep his books under double entry system. From the following information prepare
trading and Profit and loss A/c and Balance Sheet as on 31-12-2018
36.From the following information, prepare Receipts and Payments account of Cuddalore
Particulars ₹ Particulars ₹
Opening cash balance (1.4.2018) 11,000 Interest and bank charges 250
37.From the following receipts and payments account of Tenkasi Thiruvalluvar Manram, prepare income
and expenditure account for the year ended 31st March, 2019.
Receipts ₹ Payments ₹
1,45,000 1,45,000
38.Following is the Receipts and Payments account of Neyveli Science Club for the year ended 31st
December, 2018.
Dr. Receipts and Payments Account for the year ended 31st December, 2018 Cr.
Receipts ₹ Payments ₹
By Balance c/d
29,600 29,600
Additional information:
(i) Opening capital fund ₹ 6,400
(iv) Surplus on account of exhibition should be kept in reserve for new auditorium.
Prepare income and expenditure account for the year ended 31st December, 2018 and the balance sheet
as on that date.
39.From the following details you are required to calculate credit sales and credit purchases
by preparing total debtors account, total creditors account, bills receivable account and bills
payable account.
Particulars ₹ Particulars ₹
Other information: ₹ ₹
Cash received from debtors 6,00,000 Payments against bill payable 30,000
Discount allowed to customers 25,000 Cash received for bills receivable 60,000
40. How will the following items appear in the final accounts of a club for the year ending 31st
March 2017? Received subscription of ` 40,000 during the year 2016-17. This includes
subscription of ` 5,000 for 2015-16 and ` 3,000 for the year 2017-18. Subscription of
42. How the following items appear in the final accounts of Thoothukudi Young Pioneers Association?
There are one hundred members in the association each paying ` 25 as annual subscription. By the end
of the year 10 members had not paid their subscription but four members had paid for the next year in
advance.