G D GOENKA PUBLIC SCHOOL ROHINI-09

MODEL TEST PAPER(24-25)

CLASS: XI
SUBJECT: ACCOUNTANCY

MAX.MARKS: 80 TIME: 3 HRS.

GENERAL INSTRUCTIONS:
1. This question paper contains 34 questions. All questions are compulsory.
2. Questions 1 to 20 carries 1 mark each.
3. Questions 21 to 26 carries 3 marks each.
4. Questions 27 to 29 carries 4 marks each.
5. Questions 30 to 34 carries 6 marks each.

1. Match the items of column A with column B: 1

(a) (i) b,(ii) a, (iii) e,(iv) d, (v) c

(b) (i) b,(ii) a, (iii) c,(iv) e, (v) d
(c) (i) e,(ii) c, (iii) d,(iv) a, (v) b
(d) (i) c, (ii)e , (iii)d ,(iv)b , (v) a
2. Internal Users of Accounting Information Are: 1
(a) Potential Investors
(b) Creditors
(c) Management
(d) Banks And Financial Institutions

3. …………….. is the amount owed to business that is irrecoverable so it is written off. 1

(a) Trade discount
(b) Cash discount
(c) Bad debt
(d) Debtor

4. The amount drawn by businessmen for his personal use is- 1

(a) Capital
(b) Drawing
(c) Expenditure
(d) Loss.
5. Ledger is related to : 1
(A) Provide information to various parties who are interested in business enterprise.
(B) Record transactions in the books.
(C) To make summary in the form of financial statements.
(D) To classify the transactions under separate heads in the ledger
6. Capital invested by owner shown as a liabilities in balance sheet is due to : 1
(A) Business Entity Concept
(B) Matching Concept
(C) Accounting Period Concept
(D) Historical cost concept
7. A purchased 1,000 pens@50 each less trade discount of 20% and 3% cash discount if 1
payment is done within 30 days. A paid Rs 10,000 within 30 days and balance amount
after 30 days period . Purchases Account will be debited and discount received account
will be credited respectively by:
(a) Rs 40,000, Nil
(b) Rs 40,000, Rs 300
(c ) Rs 40,000, Rs 1,200
(d) Rs 40,000, Rs 900
8. According to which of the following concept, Stock of stationery items are not treated as 1
asset, but it is an expense.

a) Going concern concept

b) Materiality concept
c) Revenue recognition concept
d) Objectivity concept.

9. ________ A/c is credited and ____ A/c is debited in case wages are paid for construction 1
of business premises.

(a) Cash, Wages

(b)Cash,premises
(c)Premises,Cash
(d) Wages, Cash.

10. The usual sequence of steps in the transaction recording process is 1

(a) analyze →journal →ledger

(b) journal →ledger →analyze
(c) ledger →journal →analyze.
(d) journal →analyze →ledger

11. The right side of a T-account is 1

(a) the balance of an account.
(b)the debit side.
(c)the credit side.
(d) blank.
12. When balance as per Pass Book is the starting point, interest allowed by Bank is ……….. 1
while preparing bank reconciliation statement.
(a) added
(b) subtracted
(c) not required to be adjusted.
(d) None of the above.
13. A second hand motor car was purchased on credit from B Brothers for Rs. 10,000 is to be 1
recorded in:
(a) Journal Proper
(b) Sales Book
 (c) Cash Book
(d) Purchase Book
14. Cash book balance was Rs 1790 (Dr.) . When bank statement is received, it was identified 1
that unpresented cheques were Rs 1,040 and deposits not credited were Rs 820. Balance
of the bank statement will:
(a) Rs70 (Dr.)
(b) Rs 1,570(Cr.)
(c ) 2,010 (Cr.)
(d) Rs 3,650(Cr.)

15. Outstanding Rent is a......................... account. 1

(A) Personal
(B) Nominal
(C) Real
(D) None of these

16. Which one of the following equations correctly expresses the relationship between assets 1
(A), liabilities (L), revenues (R), expenses (E) and capital (C)?
(a) A = L + R + E + C
(b) A = C + L + (R-E)
(c)A = C - (R - E) + L
(d)A = (L - C) + (R - E)

17. Which of the following transactions is not of financial character? 1

(A) Purchase of asset on credit
(B) Purchase of asset for cash
(C) Withdrawing of money by owner for personal use
(D) Strike by Employees
18. The process of transferring the transactions from the Journal to the Ledger is known as: 1
(A) Balancing
(B) Costing
(C) Journalizing
(D) Posting
19. X Ltd. follows the Written Down Value Method of depreciating machinery year after year 1
due to :
a) Comparability
b) Convenience
c) Consistency
d) All of the above
20. Cash, goods or assets invested by the proprietor in the business for earning profit is called- 1
(a) Profit
(b) Capital
(c) Fixed assets
(d) None of these.
21. Define Accounting? Explain any four features of Accounting. 3
22. Prepare a trial balance of Arjun on 31st March 2023. He has omitted to open a capital A/c. 3
Bank overdraft 85,000
Sales 8,10,000
Purchase return 22,500
Debtors 4,00,500
Wages 96,000
 Capital ?
Purchases 4,45,000
Cash in hand 8,500
Creditors 2,15,000
Sales return 15,750
Equipment 25,000
Opening stock 3,00,500
Find the amount of capital .
23. a) What is contra entry? 3
b) Is cash book a subsidiary book or a principal book ? Explain
24. a) What are vouchers? 3
b) Define debit and credit note.
25. Only those transactions and events are recorded in accounting which are of a financial 3
character. There are so many transactions in the business which are very important for
business but which cannot be measured and expressed in terms of money and hence such
transactions will not be recorded. For example, the quarrel between the Production
Manager and the Sales Manager, resignation by an able and experienced manager, strike
by employees and starting of a new business by the other competitor etc. Though these
events affect the earnings of the business adversely but as no one can measure the effect
of such events in terms of money, these will not be recorded in the books of the business

1. What type of transactions are recorded in accounting?

(a) Only Financial transactions are recorded
(b) Financial and non-financial transactions
(c) All types of transactions are recorded.
(d) Accounting of all of the above
2. Which of the following are not recorded in accounting?
(a) Quarrel between production manager and sales manager
(b) Establishment of all most same business
(c) Resignation by cashier
(d) All of the above
3. Following are the qualitative characteristics of accounting information:
a) Reliability
b) Relevance
c) Comparability
d) All of the above
26. On which side the increase in the following accounts will be recorded? 3
Also mention the nature of account:−
1. Accrued income
2.Building
3. Sales
27. Describe traditional approach of classification of accounts. 4
28. What do you mean by Accrual basis of Accounting? How is it different from cash basis of 4
Accounting.
29. Define the following concepts: 4
a) Accounting period concept
b) Matching concept
30. Prepare accounting equation of the following transactions: 6
a) Commenced business with cash Rs 50,000.
b) Purchased goods for cash Rs20,000 and credit Rs 30,000.
c) Sold goods (costing Rs 15,000) for Rs 18,000 out of which Rs 5,000 received in cash.
 d) Rent outstanding 100 , salaries paid Rs 1,000.
e) Bought furniture of Rs 5,000 on credit.
f) Bought refrigerator for personal use Rs 10,000.

31. Journalise the following transactions: 6

1 Dec Cash withdrawn by the proprietor for personal use Rs 2,000
2 Dec Goods purchased were taken by the proprietor for Rs 5,000
personal use.
5 Dec Received cash for a bad debt written off last year Rs 700
10 Dec Goods uninsured (purchase cost) were destroyed by fire. Rs 3,000
15 Dec Goods given as charity. Costing 500 ,
selling price
Rs 600
20 Dec Purchased goods of Rs 2,00,000 less 25% Trade Discount
and paid immediately availing cash discount of 2%.
Payment was made by bank draft paying Rs 200 as bank
charges.
32. From the following transactions of M/s Kishore & Sons (readymade garments), Delhi in 6
their Sales Book and sales return book:
• Sold to M/s Gupta & Verma, Delhi:
30 shirts @ 400 each
20 trousers @ 600 each
Less: trade discount@10%
• Sold furniture to M/s Sehgal & Co. , Delhi for Rs 8,000.
• Goods returned by M/s Gupta & Verma , Delhi:
5 Shirts and 5 trousers
• Sold 50 shirts to M/s Jain & sons , Kanpur @ Rs 400 each.
• 10 Shirts were returned by M/s Jain & sons.
• Sold to M/s Mathur & Jain , Kolkata:
100 shirts @ 400 each
10 overcoats @1000 each
Less: trade discount @10%.
33. Prepare two column cash book from the following transactions for the month of April, 2022 6
1 Ap Cash balance 25,000
2 Ap Paid to Y in full settlement of Rs 5,000 4,750
4 Ap Received from Z, allowing him discount of Rs. 400 9,600
7 Ap Furniture purchased from Ram 10,000
11 Ap Cash sales 15,000
30 Ap Paid into bank 20,000
st
34. Prepare bank reconciliation statement as On 31 March 2022 if Bank pass book of X Ltd 6
showed a balance of Rs 15,000 .
a) Before that date , she had issued cheques amounting to Rs 8,000 out of which cheques
amounting to Rs 3,200 have so far been presented for payment.
b) A cheque of Rs 2,200 deposited by her into the bank on 26 th March is not yet credited in
the pass book.
c) She had also received a cheque of Rs 500 which although recorded by her in the bank
column of cash book , was omitted to be deposited in the bank.
d) On 30th March 2022, a cheque of 1,570 received by her was paid into the bank but the
same was omitted to be recorded in the cash book.
e) There was a credit of Rs 150 for interest on current account and a debit of Rs 25 for
bank charges.