Babu Daudayal Advocate Saraswati Vidya Mandir, Sr. Sec.

School
Class – 11
RE-EXAM
T.T.: 01:30 hrs. Subject –Accountancy M.M.: 40

1. Bank account is a 1
(a) Personal Account (b) Real Account
(c) Nominal Account (d) None of these
2. what is book keeping 1
(a) Processing (b) Recording
(c) Analyzing (d) Interpreting
3. Which of the following accounts is never reported in the income statement as an expense? 1
(a) Dividend expense (b) Interest expense
(c) Income tax expense (d) Depreciation expense
4. Which of the following systems is the Accounting Equation based on? 1
(a) Triple-entry system of accounting (b) Single-entry system of accounting
(c) Double-entry system of accounting (d) None of the above
5. Which of the following items are considered as revenue for a business? 1
(a) Cash purchases only (b) Cash sales only
(c) Credit purchases only (d) Both cash sales and credit sales
6. Copyrights, Patents and Trademarks are examples of 1
(a) Current assets (b) Fixed assets
(c) Intangible assets (d) Investments
7. Net profit is calculated in which of the following account? 1
(a) Profit and loss account (b) Balance sheet
(c) Trial balance (d) Trading account
8. Sales invoices are first entered in 1
(a) The Cash Book (b) The Purchases Journal
(c) The Sales Journal (d) The Sales Account
9. The amount drawn by a businessman for his personal use is _______. 1
(a) Capital (b) Drawing
(c) Expenditure (d) Loss
10. Generally, the duration of an accounting period is of _______. 1
(a) Six months (b) Three months
(c) Twelve months (d) One month
11. Which of the following is a cash transaction? 1
(a) Sold goods (b) Sold goods to Mr. R
(c) Sold goods to Mr. S on credit (d) Sold goods to Mr. T on account
12. The following transactions took place in the newly commenced business of M/S Arka Hardware: 3
(a) Started business with cash ₹100000
(b) Purchased stock worth ₹50000 in cash
(c) Paid salary to employees ₹30000
Journalise the above transactions
13. Prepare a trial balance form the following balances taken on 31st March, 2025. 3
Capital ₹ 5000; Bank Overdraft ₹ 3500; Debtors ₹ 4000; Bank ₹ 2500; Rent Received ₹ 1500; Machine ₹ 3500;
Bills Payable ₹ 3000; Goodwill ₹ 1200 and Cash ₹ 1800.

14. Explain the following briefly with an appropriate example: 3

15. A Company purchased a machine for Rs. 40,000 on April 1, 2014. On October 1, 2015 it was sold for Rs. 13,000. The
company charges depreciation @ 10% p.a. on straight-line method. Show Machinery Account and Provision for Depreciation
Account if books are closed on March 31 each year. 4

16. ABC Corp, has a balance of ₹ 2000 as per passbook as on 31st march 2021. However, the balance as per cash book as on
31st march 2021 is ₹ 2210. 4
1. A check of ₹ 500 was deposited, but it is not yet processed by the bank.
2. Bank charges of ₹ 60 were recorded in the passbook, but not in the cash book.
3. Checks worth ₹ 300 were issued, but not presented.
4. Bank interest of ₹ 50 was recorded in the passbook, but not in the cash book.
17. Manveer started his business on April 01, 2016 with a capital of ₹ 4,50,000. On March 31, 2017 his position was as under:
₹ 6
Cash 99,000
Bills Receivable 75,000
Plant 48,000
Land and Building 1,80,000
Furniture 50,000
He owned ₹ 45,000 from his friend Susheel on that date. He withdrew ₹ 8,000 per month for his household purposes.
Ascertain his profit or loss for this year ended March 31, 2017.

18. Prepare a double column cash book with the help of following information for December 2016: 6

₹
01 Cash in hand 17,500
Cash at bank 5,000
03 Purchased goods for cash 3,000
05 Received cheque from Jasmeet 10,000
08 Sold goods for cash 7,000
10 Jasmeet’s cheque deposited into bank
12 Purchased goods and paid by cheque 20,000
15 Paid establishment expenses through bank 1,000
18 Cash sales 7,000
20 Deposited into bank 10,000
24 Paid trade expenses 500
27 Received commission by cheque 6,000
29 Paid Rent 2,000
30 Withdrew cash for personal use 1,200
31 Salary paid 6,000