CODE NO.254 CLASS IX SUMMATIVE Assessmen II M!"#$ 2%&% Des'(n )* $e Q+es')n P!,e" Type of questions No. of questions Marks for each question Total marks MCQs 16 1 16 Short answer questions 16 3 2 !on" answer questions # 16 !on" answer questions ## 6 2 32 questions $% marks &uration of the e'amination will (e 3 ) 3 * hours. +,aluation will (e -one from followin" topics .nit /ournal 2% .nit 0 !e-"er 2% .nit 6 1ecor-in" an- postin" of cash transaction 2% .nit 2 Trial (alance 2% $% marks
SAMPLE QUESTION PAPER-I ELEMENTS OF BOOK-KEEPING & ACCOUNTANCY CLASS IX TIME : 3Hrs. Marks-80 General Instructions: 1. The Question Paper has 32 questions in all. 2. All questions are compulsory. 3. Questions from serial No. 1 to 16 are multiple choice questions. These are to be answered by writin the correct option in your answer sheet. !. Attempt all parts of a question toether. Q.1 Business transactions are recorded:- (a) in chronoloical order (!) "eekl# (c) at the end o$ the %onth 1 Q.& Trial Balance is 're'ared enerall# $or a 'articular 'eriod "hich is ( (a) "eek (!) %onth (c) Quarter (d )ear 1
Q.3 *oods returned o$ +s. ,00-- !# .nil "ill !e entered in- (a) /urchases Book (!) /urchases +eturns .-c (c) 0ales Book (d) 0ales +eturns Book 1 Q.1 /ur'ose o$ 0ales Book is- (a) To record all sales %ade !# the 2r% (!) To record 'a#%ent due to creditors (c) To record all credit sales %ade !# the 2r% (d) to record credit sales o$ oods %ade !# the 2r% 1 Q., 0alaries 'aid to sta3 "ill !e de!ited to "hich .-c( (a) 0alar# .-c (!) 4ash .-c (c) 0ta3 .-c (d) E5'ense .-c 1 Q.6 . leder is called a !ook o$ :- (a) /ri%ar# entr# (!) 0econdar# entr# (c) 7inal entr# 1 Q.8 . 9eder .ccount is 're'ared $ro%:- (a) e:ents (!) transactions (c) ;ournal 1 Q.8 4ash !ook is used to record. (a) .ll 4ash recei'ts onl#. (!) .ll 4ash 'a#%ents onl# (c) .ll 4ash < credits sales (d) .ll recei'ts < 'a#%ents o$ 4ash 1 .Q.= >h# is ;ournal called a !ook o$ oriinal entr#( 1 Q.10 Transactions entered on the de!it side o$ cash !ook are 'osted to "hich side o$ concerned leder .ccount( 1 Q.11 I$ the total o$ the de!it side o$ cash !ook e5ceeds the total on the credit side "hat does it indicate. 1 Q.1&. >hat is the %eanin o$ I%'rest 0#ste% o$ /ett# 4ash( 1 Q.13. >hat is %eant !# the ter% Trial Balance( 1 Q.11. Is .ree%ent o$ Trial Balance the 2nal 'roo$ $or accurac# o$ accounts( 1 Q.1,. ?a%e the t"o %ethods o$ 're'arin a Trial Balance. 1 Q.16. >hat is the %eanin o$ 9eder( 1. Q.18. /re'are the /urchases Book 7ro% the $ollo"in details:- 3. (a). /urchase o$ oods costin +s. ,000 $ro% M-s. +a%esh :ide in:oice no. 1&0 dated 1,.0=.&00= (!). /urchase o$ 7i5ed .ssets costin +s. 8000 $ro% M-s. +enu :ide in:oice no. 016 dated &0.0=.&00=. (c) /aid "aes +s. 600 in cash :ide recei't no.16 dated &,.0=&00=. Q.18. 4lassi$# the $ollo"in under the three t#'es o$ accounts ( +eal@ ?o%inal or /ersonal): (a) Ara"ins (!) 4ash (c) 4a'ital (d) Machiner# (e) Bank ($) Ae'reciation 3. Q.1= . *i:e an# three uses o$ a leder. 3. Q.&0 Ai3erntiate !et"een ;ournal and 9eder on the !asis o$ an# three 'oints. 3. Q.&1 4ash Book is !oth a ;ournal < a leder (E5'lain) 3. Q.&&.*i:e three e5a%'les o$ entries "hich a''ear in a B;ournal /ro'erC. 3. Q.&3 . >rite an# three li%itation o$ 're'arin a Trial Balance. 3. Q.&1. 0tate "hether the $ollo"in "ill ha:e de!it or credit !alance ( (a) 0ales (!) /urchase +eturn (c) 4a'ital (d) 0alar# (e) +ent /aid ($) /urchases 3 Q.&,. Enter the $ollo"in transactions in a a''ro'riate 0u!sidiar# Books o$ +a%esh $or the %onth o$ ;anuar# &00=: 1 Aate Transactions +s. ;an.1 ;an.,. ;an.1, ;an.&, 0old oods to +a% /urchased oods $ro% Hari +a% +eturned oods to Hari +a% +a% +eturned *oods ,@000 &@000 ,00 800 Q.&6. +earrane the $ollo"in ste's in 're'arin leder: 1. Enter the rele:ant a%ount in the Ba%ountC colu%n . &. +ecord the 'ae no. o$ the ;ournal . 3. Identi$# in the 9eder the account in "hich transactions are to !e recorded. 1. Enter the date o$ the transaction in the date colu%n. 1 Q.&8. Insert the $ollo"in in Ta!ular /ett# 4ash Book. Dn 1 0t 7e!. &00= +s. 10 "ere i:en to 'ett# cash clerk. 1 7e!&00= Transactions .%ount (+s.) 1. &. 8. 1&. 11. 1, 4ho"kidarCs >aes /encils +ail"a#s $reiht on .ccount o$ !ooks /ostae 0ta%'s Telera%s 0undr# E5'enses 1,.00 ,.&, &.31 1.&, &.11 0.,6 &8. >hat is the %ain o!Eecti:e o$ 're'arin a Trial Balance( 1 Q.&=. ;ournalise the $ollo"in transactions 6 Aate Transactions +s. &00= ;an.1 ;an.3 ;an .8 ;an.&0 ;an.&, ;an.30 0tarted !usiness "ith cash 0old *oods to +ohan *oods 'urchased $ro% 0ohan /aid +ent 4o%%ission +ecei:ed Machinar# 'urchased ,0@000 10@000 &0@000 ,00 &00 10@000 Q.30. /ass the ;ournal Entries o$ M-s. +a% Traders. /ost the% to the 9eder $ro% the $ollo"in transactions: 6 Aate Transactions +s. &00= .'ril 1 .'ril 3 .'ril , .'ril 1, 4o%%enced Business "ith cash /urchased 7urniture *oods 'urchased 4ash 0ales 1@,0@000 &,@000 30@000 10@000 Q.31.7ro% the $ollo"in in$or%ation@ dra" u' a Trial Balance in the !ooks o$ 0hri 0u!hash 4hand as on 31 st March@&00=: 6 Transactions +s. Transactions +s. 4a'ital /urchases 4ash in Hand 4ash at Bank Electricit# e5'. 0tationer# DFce EGui'%ent 0undr# Ae!tors Machiner# 0alaries 1@,0@000 10@000 8@000 8@,00 1@800 ,00 &@100 8@000 1@60@000 11@100 0ales 0undr# 4reditor +ent 7urniture Bank 9oan In:est%ent 4o%%ission 'aid D'enin 0tock 4o%%ission +ecei:ed /ostae < Telera%
1@0,@100 ,@000 &@000 16@000 10@000 6@000 1@0,0 3@&00 1@&00 8,0 Q.3&./re'are a 4ash Book "ith discount colu%n o$ 0hri 0h#a% $ro% the $ollo"in transaction. Enter the $ollo"in in 0hri 0h#a%Cs 4ash Book and sho" the Balance: &00= March 1 Balance o$ cash in Hand +s. &,@000 March 3 +ent 'aid +s. &@000 March , /urchased oods $or cash +s. 10@000 March 10 0tationer# 'urchased +s. &@,00 March 1& 0old *oods $or 4ash $or +s. 8@000 March 1, 4ash recei:ed $ro% +a% +s. =80 and discount allo"ed +s.&0 March 18 4ash 'aid to 0h#a% +s.=,0 and discount +ecei:ed +s.,0 March &, >aes /aid +s. &@000 6 ELEMENTS OF BOOK-KEEPING & ACCOUNTANCY SAMPLE PAPER-I Marking Sch! Q.1. (a) Q.&. (d) Q.3. (d) Q.1.(d) Q.,. (a) Q.6. (c) Q.8. (c) Q.8. (d) Q.=. It is a !asic !ook o$ oriinal entr# in "hich transactions are anal#sed !e$ore the# are 'osted in the leder. Q.10. 4redit 0ide. Q.11. 4ash in hand at the end o$ the 'eriod. Q.1&. Hnder the I%'rest s#ste%@ the Head cashier %akes the rei%!urse%ent o$ the a%ount s'ent !# the 'ett# cashier. Q.13. Trial Balance is a state%ent "hich sho"s either the !alance or total a%ounts o$ de!it ite%s and credit ite%s o$ all accounts in the leder and the cash and !ank !alances. Q.11. ?o Q.1,. (a) Balance Method (!) Total .%ount Method Q.16. . 9eder is a 'rinci'al !ook "hich contains all the accounts to "hich the transactions recorded in the !ooks o$ oriinal entr#. Q.18. /urchase Book Balance +s. ,@000 Q.18 (a) /ersonal .ccount (!) +eal .ccount (c) /ersonal .ccount (d) +eal .ccount (e) /ersonal .ccount ($) ?o%inal .ccount Q.1=. (i) It 'ro:ides co%'lete in$or%ation a!out all accounts in one !ook. (ii) It $acilitates the 're'aration o$ 2nal accounts. (iii) It ena!les to ascertain "hat the %ain ite%s o$ re:enues@ e5'enses@ assests and lia!ilities are and o$ "hat a%ounts. Q.&0. /oint o$ Aistinction ;ournal 9eder 1. ?ature &. 0tae o$ +ecordin 3. Balancin It is a !ook o$ 'ri%ar# entr# +ecordin in the Eournal is the 2rst stae. ;ournal is not !alanced It is a !ook o$ 2nal entr# +ecordin in the leder is the second stae. .ll leder accounts (e5ce't no%inal accounts) are !alanced in the leder Q.&1. The 4ash Book is a !ook o$ oriinal entr# since transactions are recorded $or the 2rst ti%e $ro% the source docu%ent. The 4ash Book is a leder in the sense that it is desined in the $or% o$ a 4ash .ccount and records 4ash recei'ts on the de!it side and cash 'a#%ents on the credit side@ Thus@ the 4ash Book is !oth a Eournal and a leder. Q.&&.(i) Dutstandin E5'enses. (ii) /re'aid E5'enses (iii) Entries $or Aishonor o$ Bills. Q.&3. 9i%itation o$ a Trial Balance- . Trial Balance is not a conclusi:e 'roo$ o$ the accurac# o$ the !ooks o$ accounts since certain t#'es o$ errors re%ain e:en "hen the Trial Balance tallies. The $ollo"in errors do not a3ect the Trial Balance at all. (a) Error o$ /rinci'le@ (B) 4o%'ensatin error@ (c) Error o$ co%'lete o%ission (d) Error o$ +ecordin in the !ooks o$ oriinal entr#. Q.&1 (a) 4redit (!) 4redit (c) 4redit (d) Ae!it (e) Ae!it ($) Ae!it Q.&,. 0ales Book +s. ,@000@ /urchase Book +s. &@000@ /urchase +eturn Book +s. ,00@ 0ales +eturn Book +s. 800. Q.&6 In order o$ 3-1-&-1. Q.&8. Total /a#%ent +s. &6.81 Balance c-d +s. 13.1= *rand Total +s. 10.00 4ash +eGuired +s. &6.81 Q.&8. (i) To ascertain the arith%etical accurac# o$ 9eder accounts. (ii) To hel' in locatin errors. (iii) To $acilitate the 're'aration o$ 2nancial state%ents. Q.&= Aate /articulars Ae!it (+s.) 4redit (+s.) &00= ;an.1 4ash .-c Ar. To 4a'ital .-c (Bein the !usiness started "ith cash) ,0@000 ,0@000 ;an.3 +ohan Ar. To 0ales .-c (Bein the oods sold to +ohan) 10@000 10@000 ;an.8 /urchase .-c Ar. To 0ohan (Bein the oods 'urchased $ro% 0ohan) &0@000 &0@000 ;an.&0 +ent .-c Ar. To 4ash .-c (Bein the rent 'aid) ,00 ,00 ;an. &, 4ash .-c Ar. To 4o%%ission +ecei:ed .-c (Bein the co%%ission recei:ed) &00 &00 ;an.30 Machinar# .-c Ar. To 4ash .-c (Bein the %achiner# 'urchased) 10@000 10@000 1@&0@800 1@&0@800 Q.30. Balance o$ $ollo"in leder 4ash .-c +s. 1@ 3,@000@ 7urniture .-c +s. &,@000@ /urchase .-c +s. 30@000@ 0ales .-c +s. 10@000. Q.31. Trial Balance Total +s. &@ 81@600. Q.3&. 4ash Book Balance 4-A +s. 16,30.00@ Aiscount Ar. +s. &0.00@ Aiscount 4r. +s. ,0.00.