SRI VIJAY VIDYASHRAM SR.SEC.

SCHOOL-BAGALUR
SUNDAY TEST
CLASS: XI DATE: 16-02-2020
SUB :ACCCOUNTANCY MARKS: 70

1.Grace period is ______ days. (8x1=8)

2. According to Negotiable instruments Act___________

3. Bank Reconciliation statement is prepared by

(a) Creditors (b) Debtors (c) Bank (d) Account holder

4. Balance shown in the balance sheet is of

(a) Cash book (b) Pass book

(c) Adjusted cash book (d) None of these

5. Depreciation is a

(a) Reserve (b) Provision (c) Both (d) None of

these

6. Depreciation is charged

(a) Current Assets (b) Fixed assets

( c) Total assets (d) Fictions assets

7. Bills payable honored during the will be debited to

(a) Cash all (b) Bills payable A/C

( c) Creditors A/C (d) None of these

8. Bills Receivable endorsed dishonored are debited to

(a) Cash A/C (b) Bills payable A/C

(c ) Creditors A/C (d) None of these

 9. Meaning of depreciation ? (2)

10. Difference between provision and Reserve? (4)

11 . Promissory Note? (2)

12.. Meaning of incomplete records? (2)

13 . Write a notes on Drawer, Drawee, Payee, Due date, Grace days? (4)
14. What is a bank overdraft? (2)

15. Amit sold goods for Rs.10000 to Babli on Jan 1.2015 and immediately drew a bill on babli
for three month for the same amount, Babli accepted the bill and returned it to Amit. On march
04, 2017 Babli returned her acceptance under rabate of 6% per annum. (5)
16. 1 st April 2012, Bajrang marbles purchase a Machine for 280000, and spent 10000 on its
carriage and 10000 on its installation. Its estimated that its working life is 10 years and after 10
years its scrap value will be 20000.

Prepare a machinery ,depreciation ,under straight line method accounts are closed on 31 st
march three year. (5)

17. . Calculate Bills Receivable during the year. (5x3=15)

1.1.2019 Bills receivable 75000

Bills Dishonored 25000
Bills Collected 130000
Bills receivable endorsed to 15000
creditors
Closing Balance 65000

18 . Find out bills payable during the year.

Bills Payable 1.4.16 180000
Bills payable 312.3.17 220000
Bills payable dishonored 28000
Bills payable honored 5000

19. Find out credit purchase and total purchase.

Creditors 1.4.16 30000
Creditors 31.3.17 2000
 Opening balance of bills 25000
payable
Closing balance of bills payable 35000
Cash paid to creditors 151000
Bills discharged 44500
Cash Purchas 129000
Return outwards 6000

20. Find credit sales.

Debtors 1.4.16 50000
Debtors 31.3.17 7000
Cash received 6000
Discount allowed 1000
Bills Receivable 30000
Bad debts 3000

21.Prepare Bills payable and Bills receivable account.

Opening Bills receivable 5000

Opening bills payable 37500
Bills receivable dishoriured 2000
Bills payable dishonored 66750
Closing bills payable 12000
Closing Bills receivable 4000
22. Prepare Bills payable creditors Bills receivable and debtors account. (8)

Total debtors as on 1.4.16 40000

Total creditors as an 1.4.16 5000
Bills receivable as on 1.4.16 30000
Bills payable as on 1.4.16 45000
Discount received 5000
Badebts 2000
Return inwards 4000
Discount allowed 3000
Cash Sales 10000
Cash purchase 8000
Total received from Debtors 8000
Cash paid to creditors 100000
Cash received bills receivable 80000
Payment made bills receivable 25000
Total creditors 31.3.17 40000
Bills payable 40000
 Bills payable 31.3.17 50000
Bills receivable 41.3.17 35000

23. Prepare a bank reconciliation statement on 31.12.17. (2x4=8)

Over draft as per pass book 20000
Interest on overdraft 2000
Insurance premium paid by bank 200
Cheque issued but not presented 6500
Cheque deposited but not cleared 6000
Wrongly debited by bank 500
24.. Prepare bank reconciliation statement

The cash book shows a bank balance 7800

Cheque deposited in bank but not credited 3000
Cheque issued but not presented payment 1500
Insurance premium paid 2000
Bank interest credit by the bank 400
Bank charges 100
Directly Deposited by a customer 4000

25. Single entry system 31.12.2018. (5)

2018 2019
Plant and machinery 150000 140000
Debtors 65000 60000
Cash at bank 25000 31000
Stock 40000 45000
Creditors 9000 10000

He had withdrawn Rs.200 per month depreciation plant and machinery@ 10 % p.a.
promission for doubtful debts @ 20 % . Find profit and loss .