rvian uong.

jxancru
(2016-17)
Class : XI M.M. : 90
Subject : Accountancy Time : 3 Hrs.
General Instructions :
(i) All questions are compulsory to attempt. (ii)
Work should be done neat & clean.

PART A
(Financial Accounting-I)
1. State any two advantages of Accountancy. 1
2. What do you mean by Accounting Standard? 1
3. What are the types of Cash Book? 1
4. Give two examples of capital expenditures 1
5. What do you mean by Depreciation? 1
6. Name two methods of computing depreciation 1
7. Mention three items appear in debit side of Trial Balance. 3
8. Briefly explain any three types of error 3
9. Opening Stock Rs15,000; Sales Rs. 48,000; Carriage Inward Rs 3,000; Sales Returns Rs.3,000; Gross Profit Rs
18,000; Purchases Rs.30,000; Purchases Returns Rs.27,000.
Calculate Closing Stock and the Cost of Goods Sold. 3
10.Explain the following:
(i) Debtor (ii) Capital (iii) Revenue (iv) Depreciation 4
11. Journalise the following transactions:
Salary outstanding Rs.3,000.
Goods worth Rs. 5,000 were destroyed by fire.
Salary paid Rs 600 to Mr Varun.
Purchase machinery for Rs.8,000 and paid Rs.2,000 on its establishment. 4
12. Write the journal entry to rectify the following errors using suspense account wherever necessary:
(a) Goods of the value of . 2,000 returned by Vikram were entered in the sales day book and posted
there from to the credit of his Account.
(b) Old furniture sold to Rajesh Rs700 on credit not recorded in the books.
(c) Installation charges paid Rs.8,000 on machinery debited in the installation charges account.
(d) An amount of Rs3,000 entered in the sales returns book has been posted in the debit of Sharma who
returned the goods. 4
13. Enter the following transactions of Mis Rama Prasad in cash book: 2008
Dec. 1 Cash in hand Rs. 4,000
Bank overdraft Rs. 1,000
Dec. 3 Received a cheque from Ramlal on account Rs.290 and allowed him discount Rs. 40
Dec. 7 Ramlal's cheque deposited in Bank
Dec 10 Withdrew from bank for office use Rs800
Dec. 12 Paid bill payable by cheque Rs600
Dec. 15 Cheque received from Chandulal of' 400 and allowed him discount Rs.) 00
Dec 20 Issued a cheque for petty cash Rs.1 00 4
14. Explain the following principles: 6
(a) Money measurement concept.
(b) Principle of full disclosure.
(c) Principle of consistency.
15. A Maruti van was purchased on 01/01/2000 for Rs.60,000 and Rs.5,000 was spent on its repairs and registration.
On 01/07/2001 another van was purchased for Rs.70,000