Half – Yearly Examination

Session 2019 – 2020

Class: XI
Subject:
Subject Code: 055
Time: 3 hours Max. Marks: 80

General Instructions:
(i) Answer the following questions.
(ii) Q. No. 1 to 20 carrying 1 marks each.
(iii) Q. No.21 to 22 carrying 3 marks each.
(iv) Q. No.23 to 27 carrying 4 marks each.
(v) Q. No. 28 to 30 carrying 6 marks each.
(vi) Q. No. 31 to 32 carrying 8 marks each.
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1. Distinguish between Book-Keeping and Accounting.

2. Name any two external user of accounting information.
3. Distinguish between fixed asset and current asset.
4. Those assets which have a physical existence and which can be seen or felt called ……….
5. Name any two source document.
6. 6. Which of the following is not a subfield of accounting?

(A) Financial accounting (B) Book-keeping

(C ) Management accounting (D) Cost accounting

7. Loss of goods by fire should be credited to

(A) Sales Account (B) loss Account

(C ) Profit and loss Account (D) Purchase account

8. Goods costing 30000 supplied to Mohan at a profit of 25% of sale price less trade
discount @ 5% will be credited to sales account with

(A) Rs 35625 (B) Rs 38000 (C ) Rs 37500 (D)Rs 34200

9. Give full name of IGST

10. What is meant by Window Dressing?

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11. Which of the following is not recorded in cash book
(A) Trade discount (B) Credit purchase (C) Bad Debts (D) All of above

12. On 1st April 2016, balance of cash column of cash book was rs 10,000. After receiving Rs
2000 from Anil, giving a cheque of rs 3200 to Sunil and making payment of wages rs 500,
balance of cash will be ;

(A) 11500 (B) 8300 (C) 8800 (D) 6300

13. What is a contra entry?

14. A person who owes money to the firm is called

(A) Debtors (B) Creditor (C) Supplier (D) None of these

15. Out of the following which one is not an intangible asset ?

(A) Patent (B) Investment (C) Goodwill (D) Trademark

16. If total assets of a business are Rs 10,00,000 and capital is rs 4,00,000 calculate creditors

(17) Mona placed an order with Sonu for supply of goods worth rs 20000 is it a business
transaction? Give reason.

(18) An increase in which of the following accounts will be recorded on the debit side

(A) Capital A/C (B) Building A/C (C) Bills payable A/C (D) interest received A/C

19. What entry (debit or credit) would you make for increasing revenue?

(20) Give two advantage of petty cash book.

21. Name the goods and services that are exempted from GST. (3)

OR

Open T shape account of creditor Raghubir and write the following transaction on the
proper side

(1) Purchased goods from Raghuvir on credit for rs 50000.

(2) Return goods to Ranbir for rs 5000
(3) Paid to Raghubir rs 30,000

22. Define the voucher. (3)

OR

Make entry if interest on capital @ 7% when capital rs 7,00,000, and interest on drawings
10%, if drawings is 2,00,000.

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23. Explain the process of accounting. (4)

24. From the following balances appeared in the books of Ramesh on 1st April 2018 make(4)
opening entry

Assets cash rs 8000, bank balance rs 20000, stock 54000, creditors 47000 (Ashok rs 12000
Pawan rs 15000 Vivek rs 20000 ) machinery rs 60000

Liabilities Creditors 20000 (C 7000 B 13000) .

25. Make the entry (4)

(1) Received a cheque from Z rs 2000

(2) Received cheque from Z deposited into bank.

(3) Cheque received from Z dishonored.

26. Define (4)

(1) Outstanding Expenses (2) Prepaid Expenses (3) Depreciation (4) Insolvent

27. Make journal entries (4)

i. Paid into bank for opening a current account rs 25,000

ii. Cash sales rs 40,000 out of this rs 30,000 deposited into Bank

iii withdrawn for private use from bank rs 12000

iv Placed on fixed deposit account at Bank by transferring from current account rs 20000

28. Enter the following transaction in the journal of Ram stores (6)

2018

April 1 Started business with rs 5,00,000; paid into Bank 4,00,000

April 4 Purchased goods for rs 1,40,000 in all, out of which half the goods was on credit
from Mr Dinesh

April 7 purchased building for rs 2,00,000 and paid 2% brokerage on its purchase. Also
incurred rs 24000 on its registration. Payment for building was made by cheque and
brokerage and registration charges were paid in cash.

April 12 Sold goods to Arun for rs 200000. Arun pay one- fourth amount in cash

April 14 cheque of rs 1,48,000 is received from Arun in full settlement and the cheque is
immediately deposited into Bank

April 17 Paid fire insurance premium on building by cheque rs 1000 and Ram Life Insurance
Premium by cheque rs 4000.

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29. Fill the missing figures assuming CGST @ 6% and SGST @ 6% journal of Ramesh (6)

Date Particulars L.F Amount Amount

Dr. Cr.
2018 Purchase a/c Dr ………….
April ………………….A/C Dr 8400
14 To Rashmi ……..
( purchase of goods from outside the state)
20 Bank A/C A/C 156800
To sales sales A/C …………
To……………………..a/c ………….
(Sale of goods outside the state)
21 Advertisement A/C Dr ………..
…………………………A/C Dr 1200
…………………………A/C Dr ………..
To Bank A/C ………….
(paid for advertisement within the state)

22 Debtors A/C Dr ...........

To Sales A/C ……….
To……………………A/C 7200
To…………………..A/C …………
(Sales of goods within state)

(30) Prove the accounting equation is satisfied in all the following transactions of sudhir. (6)
1. Started business with cash Rs. 1,00,000 and goods Rs. 40,000
2. Bought goods on cash Rs. 30,000 and on credit for Rs. 20,000
3. Goods costing Rs. 48,000 at a profit of 33/1/3% to pranav received in cash.
4. Purchase furniture for office use Rs. 12,000 and for household use Rs. 8,000
5. Received cash from pranav (customer) Rs. 25,500 and allowed him a discount Rs. 500
6. Creditors of Rs. 5,000 accepted Rs. 4,000 and allowed a discount of 1,000.

31 Prepare a cash book with cash and bank columns. (8)

Jan, 2019 Prepare a cash book with cash &bank columns.

1. Cash in hand Rs.50, 000 and Bank overdraft Rs.10,000.

2. Cash sales Rs.20,000.

3. Deposited into bank Rs.15, 000.

4. Purchased goods for cash Rs.10, 000.

5. Paid trade expenses by cheque Rs.5, 000.

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6. Ramesh who owed us Rs.5, 000 became bankrupt and paid us 60 paisa in a rupee.

7. Withdrew from bank Rs.1, 000.

8. Received a cheque of Rs.4, 000 from Rajesh.

9. Rajesh’s cheque deposited into bank.

10. Received a cheque of Rs.12, 000 from Shiva.

11. Shiva’s cheque endorsed in favour of Vishay.

12. Rajesh’s cheque returned dishonored.

13. Received a repayment of loan of Rs.10, 000 and deposited 6,000 outq of it into bank.

14. Bank charges as per pass book Rs.150.

15. Furniture purchased Rs.7, 000.-

16. Deposited into bank balance of cash in excess of Rs.11, 000.

32. Pass Journal entries from the following transactions and also prepare cash A/c and
purchases A/c: (8)
a. Goods worth Rs.50,000 and cash Rs.20,000 were stolen by an employee.
b. Rs.10,000 due from Rohit are now bad debts.
c. Provide interest on capital of Rs.15,00,000 at 6% p.a. for 9 months.
d. Purchased an old machinery in cash for Rs.1,00,000 and spent Rs.5,000 on its
carriage and Rs.20,000 on its immediate repairs.
e. Sold goods to Karan list price Rs.20,000, trade discount 10% and cash discount 5%
he paid the amount on the same day and availed the cash discount.
f. Paid landlord Rs.12,000 for rent. One-third of the building is occupied by the
proprietor for residential use.

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