Professional Documents
Culture Documents
ACCOUNTANCY
PT2
Class – XI
Time allowed: 1-hour Maximum Marks: 20
General Instructions:
1. This question paper contains FIVE questions
2. All questions are compulsory.
3. Marks are given at the end of each question.
1.Mohan sold goods to Ram ₹ 25,000 on July 23,2021 and drew a bill for
the same amount for 3 months, which is accepted by Ram,
State who is drawer and calculate the maturity date. (2)
3 A sold goods to B for ₹50, 000 and drew a bill of exchange at three months
on him B accepted the bill. A discounted at 5% p.a with her bank.
On the due date, the bill was dishonored and noting charges of
₹ 10 was paid B paid ₹ 3,010 immediately and accepted another bill for
₹. 9,000 including 6% interest. Bill was met on maturity,
Pass necessary journal entries in the books of A. (5)
3,47,000 3,47,000
Adjustments:
1] Stock in hand on 31st Mar,2021 was ₹ 36,500.
2] Depreciate Building @ 10%
3] Salaries ₹ 2,000 and taxes ₹ 3,000 are outstanding.
4] Insurance amounting to ₹ 2,000 is pre-paid.
5] Write off further ₹ 1,000 as doubtful debts and provision
for doubtful debts is to be made equal to 5% on Sundry
Debtors.
Prepare Trading and Profit & Loss Account for the year ending 31st Mar 2021
(3 +5)
5. Prepare a Balance Sheet for Question 23 as on 31st March 2021. (3)