+1 Acc Model Hly 2022 Date : 03-Dec-22

11th Standard
Accountancy Reg.No. :
Use Blue Ink Only
Exam Time : 03:00:00 Hrs Total Marks : 90
Part A Multiple Choice Question 14 x 1 = 14
1) The root of financial accounting system is _________
(a) Social accounting (b) Stewardship accounting (c) Management accounting (d) Responsibility accounting
2) The business is liable to the proprietor of the business in respect of capital introduced by the person according to
(a) Money measurement concept (b) Cost concept (c) Business entity concept (d) Dual aspect concept
3) Accounting equation signifies
(a) Capital of a business is equal to assets (b) Liabilities of a business are equal to assets
(c) Capital of a business is equal to liabilities (d) Assets of a business always equal to the total of capital and liabilities
4) Main objective of preparing ledger account is to
(a) Ascertain the financial position (b) Ascertain the profit or loss
(c) Ascertain the profit or loss and the financial position (d) Know the balance of each ledger account
5) Trial balance is a_____
(a) Statement (b) Account (c) Ledger (d) Journal
6) Purchases book is used to record______
(a) all purchases of goods (b) all credit purchases of assets (c) all credit purchases of goods
(d) all purchases of assets
7) Cash book is a_______
(a) Subsidiary book (b) Principal book (c) Journal proper (d) Both subsidiary book and principal book
8) A bank reconciliation statement is prepared by ___________.
(a) Bank (b) Business (c) Debtor to the business (d) Creditor to the Business
9) Error of principle arises when _______
(a) There is complete omission of a transaction (b) There is partial omission of a transaction
(c) Distinction is not made between capital and revenue items (d) There are wrong postings and wrong castings
10) Under straight line method, the amount of depreciation is
(a) Increasing every year (b) Decreasing every year (c) Constant for all the years (d) Fluctuating every year
11) Amount spent on increasing the seating capacity in a cinema hall is
(a) Capital expenditure (b) Revenue expenditure (c) Deferred revenue expenditure (d) None of the above.
12) Closing stock is an item of ___________.
(a) Fixed asset (b) Current asset (c) Fictitious asset (d) Intangible asset
13) A prepayment of insurance premium will appear in
(a) The trading account on the debit side (b) The profit and loss account on the credit side
(c) The balance sheet on the assets side (d) The balance sheet on the liabilities side
14) In accounting, computer is commonly used in the following areas:
(a) Recording of business transactions (b) Payroll accounting (c) Stores accounting (d) All the above
15)
a) Error of omission (1) Posting to wrong account

b) Error of commission (2) Temporary account

c) Compensating errors (3) Partial omission

d) Suspense account (4) Offsetting errors

Part A Assertion and reason 1x1=1

16) Assertion (A): The unsold goods in the business at the end of the accounting period are termed as closing stock
Reason (R): Closing stock is the opening stock for the next accounting period.
Select the correct answer.
(a) Both (A) and (R) are true and (R) is the correct explanation of (A)
(b) Both (A) and (R) are true and (R) is not the correct explanation of (A)
(c) (A) is true, but (R) is false.
(d) (A) is false, but (R) is true.
Part A Odd one out 1x1=1
17) (a) Capital
(b) Creditors
(c) Drawings
(d) Bills receivable
Part A Choose the correct pair 1x1=1
18) (a) Single line spacing = Control + 2
(b) Double line spacing = Control + 1
(c) 1.5 line spacing = Control + 5
(d) For closing a file = File save
Part A Find out the wrong pair 1x1=1
19) (a) Personal account - Capital
(b) Real account - Building
(c) Nominal account - Purchases
(d) Revenue account - Wages
Part A Find the correct statement 1x1=1
20) (i) Debit balance as per cash book is favourable
(ii) Credit balance as per bank statement is favourable
(iii)Bank reconciliation statement is prepared by the banker
(a) (i) is correct
 (b) (ii) is correct
( c) (iii) is correct
(d) (i) and (ii) are correct
Part B Answer any 7 Questions and Question Number 30 is Compulsory 7 x 2 = 14
21) Define Book Keeping.
22) Write anyone transaction which:
a) Decreases the assets and decreases the liabilities
b) Increases one asset and decreases another asset
23) Complete the missing items.
Assets Rs= Liabilities Rs+ Capital Rs
(a) 30,000 20,000 ?
(b) 60,000 25,000 ?
(c) ? 25,000 30,000
(d) ? 10,000 80,000
(e) 25,000 ? 15,000
(f) 40,000 ? 30,000
24) State whether the balance of the following accounts should be placed in the debit or the credit column of the trial balance
(i) Carriage outwards
(ii) Carriage inwards
(iii) Sales
(iv) Purchases
(v) Bad debts
(vi) Interest paid
(vii) Interest received
(viii) Discount received
(ix) Capital
(x) Drawings
(xi) Sales returns
(xii) Purchase returns
25) The following errors were detected before the preparation of trial balance. Rectify them.
(a) Sales book is undercast by Rs. 100
(b) Sales book is overcast by Rs. 200
(c) Purchases book is undercast by Rs. 300
(d) Purchases book is overcast by Rs. 400
26) Find out the rate of depreciation under straight line method from the following details:
Original cost of the asset = Rs.10,000
Estimated life of the asset = 10 years
Estimated scrap value at the end = Rs.2,000
27) State with reasons whether the following are capital or revenue or deferred revenue expenditure:
i) Advertisement expenses amounted to Rs.10 crores to introduce a new product.
ii) Expenses on freight for purchasing new machinery.
iii) Freight and insurance on the new machinery and cartage paid to bring the new machinery to the factory.
28) From the following information, prepare trading account for the year ended 31.12.2016.
Particulars Rs
Opening stock (1.1.2016) 10,000
Purchases 26,100
Sales 40,600
Closing Stock (31.12.2016) 13,500
29) What is provision for discount on debtors?
30) Give any two examples of readymade software.
Part C Answer any 7 Questions and Question Number 40 is Compulsory 7 x 3 = 21
31) Why are the following parties interested in accounting information?
(i) Investors
(ii) Government
32) Classify the following into personal, real and nominal accounts.
(a) Capital
(b) Building
(c) Carriage inwards
(d) Cash
(e) Commission received
(f) Bank
(g) Purchases
(h) Chandru
(i) Outstanding wages
33) Prepare cash account from the following transactions for the month of January 2018. (Direct Ledger Posting)
Jan 1 Commenced business with cash Rs. 62,000
3 Goods purchased for cash Rs. 12,000
10 Goods sold for cash Rs. 10,000
12 Wages paid Rs. 4,000
25 Furniture purchased for cash Rs. 6,000
34) The following trial balance has certain errors. Redraft it.
S.No Name of account L.F Debit balance Credit balance
Rs. Rs.
1 Building 60,000
2 Machinery 17,000
3 Returns outward 2,600
4 Bad debts 2,000
5 Cash 400
6 Discount received 3,000
7 Bank overdraft 10,000
8 Creditors 50,000
9 Purchases 1,00,000
10 Capital 72,800
11 Fixtures 5,600
12 Sales 1,04,000
13 Debtors 60,000
14 Interest received 2,600
Total 2,45,000 2,45,000
35) Mention the subsidiary books in which the following transactions are recorded.
(i) Sale of goods for cash
(ii) Sale of goods on credit
(iii) Purchases of goods on credit
(iv) When the proprietor takes goods for personal use
(v) Goods returned to suppliers for which cash is not received immediately
(vi) Asset purchased as credit.
36) Enter the following transactions in a simple cash book of Kunal:
2017
Jan Rs
1 Cash in hand 11,200
5 Received from ramesh 300
7 Pain Rent 30
8 Sold goods for cash 300
10 Paid mohan 700
27 Purchased furniture for cash 200
31 Paid salaries 100
37) The following errors were detected before preparation of the trial balance. Rectify them.
(a) A sum of Rs. 5,000 written off as depreciation on buildings has not been posted to depreciation account.
(b) Payment of wages Rs. 2,000 to Venkat was posted twice to wages account.
(c) An amount of Rs. 250 for a credit sale of goods to Nila, although correctly entered in the sales book, has been posted as Rs.
200.
38) Distinguish between capital expenditure and revenue expenditure.
39) From the following information, prepare profit and loss account for the year ended 31st March 2018.
Particulars Rs Particulars Rs
Gross profit b/d 1,50,000 Advertisement expenses 3,800
Carriage outward 25,500 Bad debts 8,500
Office rent 7,000 Dividend received 9,000
Office stationery 3,500 Discount received 4,600
Distribution expenses 2,000 Rent received 7,000
40) Show necessary entries to adjust the following on 31st December, 2017.
(i) Outstanding salaries Rs. 1,200
(ii) Outstanding rent Rs. 300
(iii) Prepaid insurance premium Rs. 450
(iv) Interest on investments accrued Rs. 400
(v) Bad debts written off Rs. 200
Part D Answer All 7 x 5 = 35
41) a) For the following transactions, show the effect on accounting equation.
(a) Raj Started business with cash Rs. 40,000
(b) Opened bank account with a deposit of Rs. 30,000
(c) Bought goods from Hari on credit for Rs. 12,000
(d) Raj withdrew cash for personal use Rs. 1,000
(e) Bought furniture by using debit card for Rs. 10,000
(f) Sold goods to Murugan and cash received Rs. 6,000
(g) Money withdrawn from bank for office use Rs. 1,000
(OR)
b) The following errors were located after the preparation of the trial balance. Assume that there exists a suspense account.
Pass journal entries to rectify them.
(a) The total of purchases book was undercast by Rs. 100.
(b) The total of the discount column on the debit side of cash book Rs. 575 were not posted.
(c) The total of one page of the sales book for Rs. 5,975 were carried forward to the next page as Rs. 5,795.
(d) Salaries Rs. 1,800 were posted as Rs. 18,000.
(e) Purchase of goods on credit from Mukilan for Rs. 150 have been posted to his account as Rs. 1,500.
42) a) Journalise the following opening entry.
Rs.
Cash in hand 10,000
Furniture 20,000
Bills payable 15,000
Debtors 15,000
Cash at bank 15,000
Bills receivable5,000
Creditors 20,000
Capital 30,000
(OR)
b) From the following particulars prepare a bank reconciliation statement of Jayakumar as on 31st December, 2016.
(a) Balance as per cash book Rs. 7,130.
(b) Cheque deposited but not cleared Rs. 1,000
(c) A customer has deposited Rs. 800 into the bank directly.
43) a) Journalise the following transactions and post them to Ledger.
2016 Jan Rs.
1 Started business with cash 10,000
5 Paid into bank 5,000
7 Purchased goods from Ram for cash1,000
(OR)
b) Enter the following transactions in a single column cash book of Seshadri for May, 2017
May 1 Particulars Rs
5 Cash in hand 40,000
7 Cash received from Swathi 4,000
10 Purchased goods from Sasikala for cash 6,000
15 Sold goods for cash 9,000
18 Purchased computer 15,000
22 Cash paid to Sabapathi 5,000
28 Paid Salary 2,500
30 Interest received 500
44) a) Prepare a trial balance with the following information:
Name of the Account Rs Name of the Account Rs
Purchases 1,00,000 Sales 1,50,000
Bank Loan 75,000 Creditors 50,000
Debtors 1,50,000 Cash 90,000
 Stock 35,000 Capital 1,00,000
(OR)
b) From the following trial balance of Sharan, prepare trading and profit and loss account for the year ending 31st
December 2017 and balance sheet as on that date. The closing stock on 31st December 2017 was valued at Rs. 2,50,000.
Debit Balances Rs. Credit Balances Rs.
Stock (1-1-2017) 2,00,000 Sundry creditors 12,000
Purchases 7,50,000 Purchases returns 30,000
Carriage inwards 75,000 Sales 10,20,000
Wages 3,65,000 Commission received 53,000
Salaries 1,20,000 Capital 33,00,000
Repairs 12,000
Rent and taxes 2,80,000
Cash in hand 97,000
Land 21,50,000
Drawings 1,66,000
Bank deposits 2,00,000
44,15,000 44,15,000
45) a) Enter the following transactions in the Purchases book of Mrs. Subhashree Electric Co., which deals in electric goods
2017 April 5Purchased from Karthik Electric Co., on credit
10 Electric iron box @ Rs. 2,500 each
5 electric stoves @ Rs. 2,000 each
April 19 Purchased on credit from Khaitan Electric Co.,
3 electric heaters @ Rs. 6,000 each
April 25 Purchased from Polar Electric Co., on credit
10 Fans @ Rs. 2,000 each
April 29 Purchased from M & Co. for cash
10 electric stoves @ Rs. 3,000 each
(OR)
b) An abstract of the trial balance as on 31st December, 2016 is as follows:
Particulars Rs.
Sundry Debtors 20,000
Bad debts 500
Adjustment: Create a provision for bad and doubtful debts @ 5% on sundry debtors. Pass the adjusting entry and show how
these items will appear in final accounts.
46) a) State whether they are capital and revenue.
i) Construction of building Rs.10,00,000.
ii) Repairs to furniture Rs.50,000.
iii) White-washing the building Rs.80,000
iv) Pulling down the old building and rebuilding Rs.4,00,000
(OR)
b) From the following information, prepare trading account for the year ending 31st December 2017.
Particulars Rs Particulars Rs
Opening stock 50,000 Dock charges on purchases 4,000
Cost of goods manufactured 12,000 Import duty on purchases 3,500
Cash purchases 60,000 Wages 11,000
Cash sales 85,000 Sales returns 3,000
Purchases returns 2,000 Credit purchases 35,000
Carriage inwards 4,000 Credit sales 60,000
Freight outwards 3,000 Other direct expenses 7,000
Coal and fuel 2,500
47) a) From the following particulars, give journal entries for 2 years and prepare machinery account under straight line method of
providing depreciation:
Machinery was purchased on 1.1.2016
Price of the machine Rs. 36,000
Freight charges Rs. 2,500
Installation charges Rs. 1,500
Life of the machine 5 years
(OR)
b) Pass adjusting entries for the following:
(a) The closing stock was valued at Rs. 5,000
(b) Outstanding salaries Rs. 150
(c) Insurance prepaid Rs. 450
(d) Rs. 20,000 was received in advance for commission.
(e) Accrued interest on investments is Rs. 1,000.

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