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Tsi11Acc Terikasi District
Common Half Yearly December 2024
Examination
Standard 11
Maximum Marks: 90
Time Allowed: 3.00 Hours ACCOUNTANCY
Note: 20x1=20
1) Answer all the
questions.
PART-I
Financial position of a business is ascertained on the basis of
a) Journal C) Balance sheet d) Ledger
2) In India, b)Trial balance
Accounting
a) Reserve standards are issued by
b) The CostBank
of India
and
c) Supreme
CourtManagement Accountants of Inald
et
d) The Institute of India
of Chartered
3) of 1,00,000Accountants of Inalaliabilities of ?60000. Its
A firm has
assets
capital would be and the external
a) 160000 d) ? 40000
i.N
4) b) 60000
Which one of the following c)100000
Is representative personal account?
a) Building A/c
c) Mahesh A/c b)Outstanding salary A/c
5) If the total of the d) Balan &Co
side, it means debit side of an acCount exceeds the total of its credit
a) Credit balance b) Debit balance
lac) Nil balance
6) The trail balance d) Debit and Credit
contains the balances of
a) Only personal accounts
c) Only nominal accounts
balance
b) Only real accounts
d All accounts
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7) Purchases of Land and
a) Purchases b0ok buildings on credit basis recoraed
c) Purchases returns book b) Sales book
8) If d) Journal Proper.
ne debit
book, it is and credit aspects of a transaction are recorded-in the cash
a) Contra entry
da
9) The balance in the pettyb) Cormpoundentry c) Single entry d) Simpleentry
a) An expense
cash book is
b) Aprofit 2rd) À liability
10) When money is withdrawn from bank, thec)bank An Asset
a) Credits Customer's Account
c) Debits and Credits Customer's Account b) Debits Customer's Account
d) None of these
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11) Wages paid for installation of machinery wrongly debited to wages account
is an error of
a) Partialomission b) Principle c) Complete omission
12) Which concept is applid in locating and rectifying error? d) Duplication
a) Duality concept b) Business entity concept
c) Money measurement concept d) Realisation concept
13) Under the written down value method of depreciation, the amount of
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depreciation is
a) Uniform in all the years b)
c) Increasing every year d) Decreasing every
None of the aboveyear
14) Interest on bank deposits is
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a) Capital receipt b) Revenue receipt
c) Capitalexpenditure d) Revenue expenditure
15) Carriage outwards will be shown
a) In the trading. account b)'In the profit and Loss
c) On the liabilities side d) On the assets side account
16).Current assets does not include.
a) Stock b) Cash c) Furniture d)
17) Accrued interest on investment willbe shown Prepaid expenses
a) On the credit side of profit and losS account
b) On the asset side of the balance sheet
c) Both (a) and (b) d) None of these
18) An example of output device is
a) Mouse b)Printer c) Scanner
19) Accounting software is an example of d) Keyboard
Systemsoftware b) Application software
Utility software d)Operating software
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Tsiaheque is a instrument
a) Negotiable b) Not a negotiable instrument
crossed d) both (a) and (c)
c) Instrument that can be
PART-II
Note : Answer any seven questions. Question No.30 is conmpulsory. 7x2=14
information?
21) Who are the parties interested in accounting
22) What is Accounting equation?
23) Define Bill of exchange.
24) List out various methods of depreciation.
25) What is hardware? the bookS of
26) From the following particulars, prepare balance sheet in
Pragathish as on 31t December 2017.
Particulars
et
Capital 80,000
Debtors 12,800
Drawings 8,800
Cash in hand 20,000
4,800
i.N
Net profit 43,200
Plant
27) Prepare the trail balance from the following information.
Name of the Account
Purchases 1,80,000
Bank loan 2,00,000
la Bills payable 1,00,000
Stock 70,000
Capital 2,50,000
Sales 3,00,000
Debtors 4,00,000
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Bank 2,00,000
28) Rectify the following errors.
a) The total of rent received account is carried forward 900 less
b The total of salary account is carried forward 1100 short
29) Pass adjusting entries for the following.
da
a) The closing stock was valued at5000
b) Outstanding salaries 150
30) Prepare furniture A/cfrom the following transactions.
2016
Jan 1 Furniture in hand 2000
1 Purchased furniture for Cash 4000
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30 Sold furniture 400
PART-IIIj:6:i
Note: Answer any seven questions. Question No.40 is.compulsory.
7x3=21
31) What are wasting assets? Give two examnples.
32) Explain any three causes for depreciation.
w.
33) Bring out the differences between cash discount and trade discount.
34) What is deferred revenue expenditure? Give twoexamples.
35) Distinguish between Journal and Ledger. (Aiy 3)
36) Enter the following tranisactions in a simple Cash book of Kunal.
2017
Jan 1 Cash in hand
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11,200
5 Received from Ramesh 300
7 Paid rent 30
8 Sold goods for cash 300
10 Paid Mohan 700
27 Purchased furniture for Cash 200
31 Paid salaries 100
S) The following balances appeared in the books of Vinoth on Jan 1, 2018.
Assets Liabilities
Cash
Stock
40,000 Creditors 10,000
Debtors 50,000
20,000
Machinery 40,000
Toss tne opening journal entry and post themto Vinoth's Capital Account.
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Tsi11Acc 3
38) From the following particulars prepare a bank reconciliation statement or
Jayakumar on 31st December 2016.
a) Balance as per cash book 7130
b) Cheque deposited but not cleared
c) A customer has deposited 800 in to1000
the bank directly
39) Furniture was purchased for 1.00.000 on 1.7.2016. It is expected to last
for 5 years. Estimated scrap at the end of five years is 10,000. Find out
the rate of depreciation under straight line method.
40) Find out the amount of sales from the following informnation.
Opening stock 30000 Closing stock 20000
|Purchases less returns 200000Gross profit margin (on sales) 30%
PART-IV
Note : Answer all questions. 7x5=35
et
41) a) on
Prepare trading account from the following ledger balances presented by
P.Sen as on 31st March 2016.
-Particulars Particulars
Stock (1.4.2015) 10,000 Sales 3,00,000
i.N
Purchases 1,60,000 Returns inward 16,000
Wages 30,000 Returns outward 10,000
Carriage inwards 10,000 Gas andFuel 8,000
Freight inwards 8000
Additional information:
a) Stock on 31* March 2016 20000
lab) Outstanding wages amounted to 4000
c) Gas and Fuel was paid in advance for 1000
b) Prepare Accounting equation for the folowing transactions.
a) Murugan commenced business with Cash 80000
(OR)
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b) Purchased goods for cash 30000
c) Paid salaries by cash 5000
d) Bought goods from Kumar for 5000 anddeposited the money in CDM.
e) Introduced additional capital of 10000
42) a) Pass Journal entries in the books of Sasikumar who is dealing in automobiles.
da
2017
Oct 1 Commenced business with goods 40,000
3 Cash introduced in the business 60,000
4 Purchased goods from Arul on credit 70,000
6 Returned goods to Arul 10,000
Paid cash to Arul on account 60,000 (OR)
Pa
10
b) Distinguish between stralght line method and written down value method
of providing depreciation:
43) a) Prepare Anand's account from the following details.
2017
July 1 Credit balance of Anand's Alc 4,000
Amount paid to Anand 2,000
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15
18 Goods purchased from Anand on credit 8,000
20 Paid to Anand 3,960
Discount allowed by him 40
25 Goods purchased from Anand 5000 (OR)
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b) Record the following transactions in the sales book and sales returns
book of M/s Ponni & Co and post them to ledger.
2017
Aua 1 Sold goods to Senthil as per nyoice No.68 for 20,500 on credit
Aug 4 Sold goods to Madhavan as per invoice No.74 for 12,800 on
credit
Aug7 Soldgoods toKanagasabai as per Invoice No.78 for 7,500 on
credit
Aua15 Returns inward by Senthl
paid
as per credit Note No.7 for 1.500
for which cash is not
Aug 20 Sold goods to selvam ?13,300 for cash
Ata 25 Sales returns of 1,800 Dy Madnavan as per credit Note No.11
paid.
for which cash is not
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4
Tsi11Acc
44) a) Prepare bank reconciliation statement from the following data and find
out the balance as per cash book as on 3 1t March 2018.
Particulars
i) Bank balance as per bank statement 15000
ii) Cheques issued but not yet presented for payment 2500
i) Bank charges not recorded in the Cash book 250
iv) Interest charged by bank not recorded in the Cash book 500
v) Bank paid insurance premium as per standing instruction
but not recored in the Cash book 300
Vi) Cheques deposited but not yet credited 900 (OR)
b) The following errors were located at the time of preparing trail balance.
Rectify them.
a) A personal expense of the proprietor 200 was debited to travelling
et
expenses account.
b) Goods of 400 purchased from Ramesh on credit was wrongly credited
to Ganesh's account.
c) An amount of ?500 paid as salaries to Mathi was debited to his
i.N
personal account.
d). An amount of 2700 paid for extension of the building was debited
to repairs account.
e) A. credit sale of goods of 700 on credit to Mekala was posted to
Krishnan's account.
45) a) Identify the following items into Capital or Revenue.
lai) Audit fees paid 10,000
ii) Labour welfare expenses 5,000
i) 2000paid for servicing the company vehicle
iv) Repaid to furniture purchased second hand 3000
sa
v) Rent paid for the factor÷ 12,000 (OR)
b) What are the various types of Accounting Software?
46) a) Prepare Trading and Profit and Loss account in the books of Rama Sundari
for the year ended 31st Decernber 2017 and balance sheet as on that
date from the following.
da
Particulars Particulars
Opening Stock 2500 Sales 7000
Wages 2700 Purchases 3300
Closing stock 4000 Salary 2600
Discount received 2500 Capital 52000
Pa
Machinery 52000wCash at bank 6400
Creditors 8000pis,, (OR)
b) Ramu brothers purchased a machine on 1 July 2016 at a cost of 14000
and spent 1000 on its installation. The firm writes off depreciation at
10% of original cost every year. The books are closed on 31* December
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every year. Give journal entris, and prep¡re machinery account and
depreciation account.for 2 years.
47) a) Discuss the role of an Accountant in the modern business world. (OR)
b) Prepare aanalytical petty cash book from the following information on
the imprest system.
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2017
Jan 1 Received for petty cash 500
Jan 2 Paid rickshaw charges 5
Paid cartage 12
Jan 3 Paid for postage 15 Vallamb2785
Jan 3 Paid wages to casual labourer 66
Jan 4 Paid for stationery 134
Paid for auto charges 18
Jan 5 65
Paid for repairs 11
Paid for bus fare
24
Paid for cartage
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