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TERM-II 2021-22
MARKING SCHEME
Class – XI
Subject – Accountancy
ANS. Answer Marks
1. Total of trail balance Rs. 2,14,500 2
2. a) Dishonour means that the bill is not paid by the Drawee on its due date. It
arises when the acceptor refuses or is unable to pay the amount of the bill, i.e Bill
of Exchange, Promissory Note or cheque.
b) Endorsement means transfer of Bill of Exchange or Promissory Note to
another person. The person receiving the Bill of Exchange or Promissory Note
becomes authorized to receive the payment. The person who transfers the bill of
Exchange in favour of other person is called the endorsee.
3. Date Particulars LF Dr.(₹) Cr.(₹) 3
(i) Sales Return A/c Dr. 2,000
Sales A/c Dr. 2,000
To Suspense A/c 4,000
(Goods returned by Gupta wrongly posted
to sales A/c and omission of debit to sales
Return A/c , now rectified)
Journal of Y
Date Particulars L.F. Dr. (₹) Dr.(₹) Marks
2019
1Jan Purchases A/c Dr. 25,000
To X’s A/c 25,000 ½
(Goods purchased on credit)
1 Jan X Dr. 25,000
To Bank A/c 10,000 ½
To B/P A/c 15,000
(Acceptance given)
4 April B/P A/c Dr 15,000
Noting Charges A/c Dr. 150 1
To X 15,000
To Cash A/c 150
(Bill dishonoured and noting charges
14 paid )
April X Dr. 15,000
To Bank A/c 15,000 ½
(Amount paid to X)
5 marks
5. Operating profit = Net Profit- Rent Received- Gain on sale of Machine+ Interest 2 Marks
on Loan- Donation
2,00,000- 20,000- 30,000+ 40,000-4,000 = Rs. 1,86,000
6. Features of Incomplete Records: 1x2=2
i) Suitability ii) No Uniformity iii) Maintenance of Personal Accounts iv)
Maintenance of Cash Book v) Dependence on Original Vouchers
vi) Difficulty in preparation of Final Accounts.
( Any two with Explanation)
7. Closing stock = Rs. 15,000 3
OR
Any three difference between capital and revenue expenditure
( 1x3=3)
8. i) Accrued Commission A/c Dr. 1,000 1x3=3
To Commission A/c 1,000
ii) Bad Debts A/c Dr. 2,000
To Debtor’s Personal A/c 2,000
iii) Rent A/c Dr. 4,000
To Rent Received in Advance 4,000
9. Accounting Information System is a subsystem of Management Information 2+1=3
System.It is a structure that allows its users to collect and store business or
financial data and transform it into information and communicate to its internal
and external users. The data so collected, stored and converted into information
be accurate and relevant to its users.
Following are the features of AIS:
i) Users of AIS are management, consultants, CEO, tax authorities etc.
ii) Specially trained accountants work with AIS to ensure the highest level of
accuracy.
OR
Various types of computer software are: OR
i) Operating Software
ii) Utility Software 1X3=3
iii) Application Software with correct explanation
10. Capabilities of a Computer System: 1x5=5
(i) Speed
(ii) Accuracy
(iii) Reliability
(iv) Versatility
(v) Storage and Retrieval with correct explanation.
11. Statement of affairs (previous year) Rs. 18,170 1 mark 1+2+2=5
Statement of Affairs (Current Year) Rs. 16,930 2 marks
Profit Rs. 3,960 2 marks
12. Gross Profit : Rs. 82,827; Net Profit: Rs. 48,264; Balance Sheet: 1+2+2=5
Rs. 1,53,250
OR
Gross Profit: Rs. 2,31,000; Net Profit: Rs. 2,00,300; Balance Sheet: Rs. 2,52,800 1+2+2=5
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