UDGAM SCHOOL FOR CHILDREN

ACCOUNTANCY- Assignment (Home)

CH- 9 to 15 (Revision)
Name _______________________ Std /Sec: XI______ Roll No._____
_____________________________

Select the correct option for the following questions:

1 Balance in the Petty Cash Book is
a. an expense
b. a profit
c. an asset
d. income

2 Which of the following is both a book of Journal and Ledger?

a. Cash Book
b. Purchase Journal
c. Sales Journal
d. General Journal

3 In two columnar Cash Book, deposit of cash in bank is recorded in

a. Debit of Bank column and credit of cash column.
b. Debit of Cash column and credit of Bank column.
c. Debit of Cash column and also credit of Cash column.
d. Debit of Bank column and also credit of Bank column.

4 Credit balance in the bank column signifies____________

a. Bank balance
b. Nil balance
c. Bank Overdraft
d. None of the above

5 Cheque received from a customer deposited in Bank on the same

day will be recorded in Cash Book on________.
a. Debit side in Cash column.
b. Credit side in Cash column.
c. Debit side in Bank column.
d. Will be recorded in Journal Proper

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XI_Accountancy_Revision_ Ch-9 to 15
 6 Total of these transactions is posted to Purchases Account
a. Credit purchase of furniture
b. Purchases Return
c. Credit purchase of goods
d. Purchase of Stationery

7 Which of the following transactions is entered into the Journal

Proper?
a. Cash Payment to an employee for expenses
b. Cash purchase of goods for resale
c. Credit purchase of goods for resale
d. Post-dated cheque received

8 An entry is recorded in the Purchase Return Book on the basis

of_______________.
a. Debit Note
b. Credit Note
c. Invoice
d. None of the above

9 Cash sale of an asset is recorded in ________________.

a. Sales Book
b. Sales Return Book
c. Cash Book
d. Journal
10 From ___________book the balance is directly transferred to the
Trial balance.
a. Sales Book
b. Purchase Book
c. Cash Book
d. None of the above

11 Bank Reconciliation is
a. a part of Double Entry System.
b. not a part of Double Entry System.
c. part of Banking System.
d. None of the above.

12 Which of the following will not require adjustment in Cash book

balance?
a. Cheque issued but not presented for payment.
b. Cheque deposited but not cleared
c. Cheque wrongly credited by bank
d. All of the above.
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XI_Accountancy_Revision_ Ch-9 to 15
 13 Sohan’s bank reconciliation statement shows cheque deposited but
not credited by bank of ₹ 3000 and cheque issued but not presented
by suppliers of ₹ 2500. His bank balance as per Cash book is ₹
20000. Balance as per passbook statement is
a. ₹19500
b. ₹17000
c. ₹17500
d. ₹14500

14 Debit balance in the Cash Book is____________

a. Bank Overdraft
b. Bank Balance
c. Unfavourable balance
d. None of the above.

15 Which method of charging depreciation is approved by Income

Tax Act
a. Reducing Balance Method
b. Straight Line Method
c. Annuity Method
d. None of these

16 Amortization refers to writing off of:

a. Wasting Assets
b. Tangible Assets
c. Intangible Assets
d. Fictitious Assets

17 Which of the following best describes Depreciation:

a. Valuation of Fixed assets at the end of the year
b. Verification of the assets
c. Decreasing the market value of asset
d. Allocation of cost of fixed asset over its useful life

18 Depreciation is calculated from the date of

a. Purchase of assets
b. Receipt of assets at business premises
c. Starting of commercial Use of asset
d. Assets installed

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XI_Accountancy_Revision_ Ch-9 to 15
 19 X Ltd purchased a machine on 1st July 2020 for ₹ 50000.
Depreciation is to be charged @10% pa. What will be the amount
of depreciation if the books are closed on 31st march every year?
a. ₹ 5000
b. ₹ 3750
c. ₹ 10000
d. ₹ 4000

20 X Ltd sold a machine for ₹ 55000 at a loss of ₹ 5000 on which

depreciation has been charged ₹ 12000. The cost of machine was
a. ₹ 62000
b. ₹ 72000
c. ₹ 55000
d. ₹ 50000

21 In WDV method depreciation is charged on

a. Cost Price
b. Market Price
c. Reduced Value
d. None of these

22 In which method of depreciation the value of the asset will be zero

at the end of its useful life
a. Reducing Balance Method
b. Straight Line Method
c. Annuity
d. None of these

23 The book value of asset was after charging 3 years depreciation

by written down value method @ 10 % pa is ₹ 7290. What was the
cost of the machine?
a. ₹ 10000
b. ₹ 11000
c. ₹ 8000
d. ₹ 9000

24 Bank Reconciliation Statement is prepared by

a. Creditors
b. Debtors
c. Bank
d. Account holder

25 Bank reconciliation statement compares a bank statement with ____

a. Cash Payment Journal
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XI_Accountancy_Revision_ Ch-9 to 15
 b. Cash Receipt Journal
c. Cash Book
d. Financial Statements

Directions: Answer the following questions in detail and show your workings
properly.
Q.1 Enter the following transactions in the cash book with cash and bank column:
2019 ₹
April 1 Cash in hand 5,500
Cash at Bank 15,000
April 2 Goods sold for cash 9,000
April 3 Received a cheque from Laxman 4,200
April 4 Cheque received from Laxman is deposited into bank
April 5 Bought goods 7,000
April 6 Paid carriage in cash 200
April 8 Sold goods for cash 7,500
April 10 Sales proceed of April 8 deposited into bank
April 12 Withdrew from bank for personal use 3,000
April 15 Bought goods from Amar 10,000
April 17 Paid Amar by cheque 9,700
Discount allowed by him 300
April 19 Sold goods to Mohan 8,000
April 21 Received cheque from Mohan 8,000
April 23 Cheque received from Mohan is endorsed to Gopal
April 25 Paid into bank 4,000
April 26 Received a cheque from Sumit and banked the same day 3,800
April 27 Paid rent ₹1,000 and charity ₹500
April 29 Bank notified that cheque received from Sumit has been
dishonoured.
April 30 Bank charges 200
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XI_Accountancy_Revision_ Ch-9 to 15
Q.2 Enter the following transactions in Cash Book of M/s Rama & Sons, Delhi:
Apr. 2019 ₹
1. Cash in hand 6000
Bank overdraft 8000
3. Sold goods to Mohan for ₹40000 against cheque which was deposited in
bank.
5. Bought goods from Krishna & Co. for ₹30000 less Trade Discount 20%
and paid by cheque.
7. Sold goods for ₹20000 to a customer who gave ₹10000 in cash and a
cheque for the balance which was banked.
9. Paid salary ₹5000 and rent ₹4000.
11. Received a cheque from Goel Agencies for ₹3900. He was allowed a
discount of ₹100.
13. Settled the account of Mona Trading Co. by endorsing cheque of Goel
Agencies and by issuing cheque for ₹4100 in full settlement of ₹8200.
15. Bought goods from Krishna Store, Kanpur for ₹20000 and issued cheque.
17. Sold goods to Garima Store, Ambala for ₹40000 against cheque which
was banked.
20. Paid Legal fee to Mr. Verma of Delhi by cheque ₹5000.
24. Bought computer for ₹20000 from H.P.Co. and paid by cheque.
27. Paid Electricity bill ₹4000.

Q.3 Record the following transactions in the Purchase Book of Bhagwati Cloth
House :

2020
July 3 Bought cloth from DCM Ltd.
200 metre cotton cloth @ ₹60 per metre
100 metre silk cloth @ ₹220 per metre
Trade discount @ 10%.

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XI_Accountancy_Revision_ Ch-9 to 15
 July 10 Bought from Ram Brothers
150 metre silk cloth @ ₹300 per metre
100 metre cotton cloth @ ₹160 per metre
Trade discount 15%, paid VAT@ 10%

July 20 Bought from Goyal Furnitures

4 tables @ ₹2000 each
10 chairs @ ₹600 each
July 25 Purchased from Raymond Mills Ltd.
150 metre cotton cloth @ ₹100 per metre
100 metre silk cloth @ ₹260 per metre
Trade discount 20%.

Q.4 Prepare Return Books of Royal Furniture from the following transactions:

2020
Feb 4 Returned goods by Ahuja Furniture
6 Chairs @ ₹600 each.
1 Dinning Table @ ₹2000 each.
Less: 10% Trade Discount
Feb 11 Returned goods to Ali & co.
10 Chairs @ ₹400 each
Less: 15% Trade Discount.
Feb 19 Mohan Lal &Sons returned us
1 Dinning Table @ ₹4000 less: 10% Trade Discount.
Feb 25 Returned goods to Goyal Furniture list price ₹5000
Less: 8% Trade Discount.

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 Q.5 Prepare a bank reconciliation statement from the following particulars as
on 31st March,2020: ₹

i. Credit balance (overdraft) as per cash book as on 31st March,201 4260

ii. Cheques drawn but not presented for payment 1900
iii. Cheques deposited but not collected by the bank till date 2100
iv. Interest on overdraft not recorded in cash book 200
v. A cheque received , but not banked 400
vi. Bank paid club fee of ₹500 as per standing instruction but it
was not recorded in the cash book.
vii. Payment side of Cash Book has been undercast by ₹200

Q.6 Prepare bank reconciliation statement from the following particulars as on

31stJanuary 2020:
₹
(i) Overdraft as per Passbook 4700
(ii) Cheque issued but not presented 1300
(iii) A cheque of ₹800 banked and credited, but omitted to be
Recorded in Cash Book.
(iv) Interest charged by bank on overdraft 200
(v) Bank column of receipt side of Cash Book is overcast 100
(vi) Bank issued draft to creditor as per instruction 2400
(vii) A discounted Bill of Exchange dishonoured 500
(viii) Bank charges entered twice in Cash Book 100

Q.7 Gamma Ltd has following balances on 1st April, 2018: ₹

Machinery A/c 300000
Provision for depreciation A/c 135000

Depreciation was charged @10%p.a. on straight line method and accounts were
closed on 31st March each year.
On 1st January, 2019 a part of machinery bought for ₹ 80000 on 1st July,2015
was sold for ₹ 37000 and a new machinery was purchased for ₹ 100000 on same
date.

Prepare Machinery account, provision for depreciation account and Machine

disposal account.

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Q.8 A Ltd bought a second hand machine on 1st April, 2017 for₹ 130000 and spent
₹30000 on its installation. On 30th September, 2018 a part of Machinery
Purchased on 1st April 2017 of ₹60000 became obsolete and was sold for
₹70000. On the same date a new machinery of ₹200000 was purchased. It was
decided to provide depreciation on machine @15%p.a. on written down value
method. The accounts are closed on 31st March each year. Prepare machinery
account and Accumulated Depreciation Account for 3 years.

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