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    Acconts Sample QP

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    nuclearisbomb

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    Acconts Sample QP

    Uploaded by

    nuclearisbomb
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    Original Title

    ACCONTS SAMPLE QP(1)

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    2 views3 pages

    Acconts Sample QP

    Uploaded by

    nuclearisbomb

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 3

    KENDRIYA VIDYALAYA ITBP, KARERA (MP)

    PERIODIC TEST-2
    CLASS – XI
    SUB- ACCOUNTANCY
    TIME: 90 MIN. M.M.-40

    S.No Question Marks


    1 Which of the following have debit and which have credit balances 2
    Assets, capital, liabilities, Drawing, Debtors, creditors, expenses and losses, incomes and
    gains.
    2 Calculate the due dates of the bills in the following cases: 2

    Date of Bill Tenure(Period)


    i) 30April 2019 2 Months
    ii) 24th November, 2018 30 days
    3 Name two type of errors with examples which do not effect the trial balance. 2
    4 Rectify the following errors: 2
    (i)Credit sales to Mohan Rs 7,000 were recorded as Rs 7,200.
    (ii) Credit purchases from Rohan Rs 9,000 were recorded as Rs 9,900.
    5 Prepare Trial balance from the balances provided below 3
    S.No. Name of Accounts Balances (Rs)
    1 Capital 2,00,000
    2 Cash 1,80,000
    3 Creditors 1,00,000
    4 Sales 3,00,000
    5 Debtors 3,00,000
    6 Stock 70,000
    7 Bank loan 1,50,000
    8 Purchases 2,00,000
    9 Machinery 1,00,000
    10 Bank overdraft 1,00,000
    Determine
    1 the missing information in the Rectifying journal Entries 3
    9
    i)…….
    1 Dr. 1,000
    6 To…….. 1,000
    (Being the Purchases Book undercast now rectified)

    ii)…………. Dr. 20,000


    To………. 20,000
    (wages for construction of building wrongly debited to wages Account now rectified)

    iii)……. Dr. 800


    To ……. 800
    (Being the outstanding telephone charges omitted to be recorded, now recorded)
    (i)Distinguish
    7 between a Bills of exchange and Promissory note on the basis of parties 3
    7 involved and maker
    (ii) what do you mean by grace of days in Bills of Exchange
    On 1st April 2019 Ram sold Goods to Mohan worth 50,000. On the same date, Mohan 3
    8 accepted a bill drawn upon him by Ram for 30 days for the same. On the due date, the will was
    met. Give journal entries in the book of both parties.
    Leena sold goods to Meena on 1st March 2009 for ₹68,000 from which Rs. 48000 was paid 5
    9 immediately and a bill of exchange is drawn for the balance amount for 3 months. Leena
    immediately discounted the first bill with her bank at 12% p.a.The bill was dishonoured by
    Meena and Bank paid ₹55 as noting charges.
    Journalise the above in the book of Leena and Meena
    1Prinesh purchased goods for Rs. 21,000 from Sudesh on 1st feb 2015 and accepted a bill from 5
    Sudesh
    9 on 1st Feb. 2015 by providing his acceptance for the same amount. The bill was
    payable
    1 after one month . Give journal entries in the following cases in the books of Prinesh
    10 (i)On 25th feb.2015 Sudesh sent the bill to his bank for collection and bill met on due date.
    (ii)The bill was endorsed to Sriman and dishonored and Sriman paid Rs.100 as noting charges.

    Rectify
    1 the following errors: 5
    i)Total
    9 of one page of the Sales Book was carried forward to the next page as 2,785 instead of
    2,578
    1
    11 ii)Travelling expenses of Rs.3000 was recorded as wages paid.
    iii)Sum of ₹200 paid by X has been omitted to be recorded.
    iv)Sales of old furniture worth ₹430 was credited to the Sales Account as ₹340.
    Prepare suspense account
    The
    1 following Trial balance is drawn from the books of Brown Traders by an incompetent 5
    accountant.
    9 You are required to draw correct the Trial Balance.
    1Name of Accounts Debit (Rs) Credit (Rs)
    12 Building 60,000 -
    Machinery 17,000 -
    Returns outward 2,600 -
    Bad Debts 2,800 -
    Cash in hand 400 -
    Discount received 3,000 -
    Bank overdraft 10,000 -
    Creditors 50,000 -
    Purchases 1,05,000 -
    Capital - 73,600
    Furniture - 5,600
    Sales - 1,09,000
    Debtors - 60,000
    Interest Received - 2,600

    TOTAL 250000 250000

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