11th Accountancy EM Book Back 1 Mark Questions 1 English Medium PDF Download

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K V MATRICULATION HIGHER SECONDARY SCHOOL, KURUMBAPALAYAM,COIMBATORE - 641 107.

REVISION EXAMINATION - 2 Date : 22-Apr-22
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11th Standard
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a .i. ACCOUNTANCY
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a Reg.No. :
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INSTRUCTIONS: USE BLUE INK TO WRITE AND PENCIL TO DRAW DIAGRAMS
Exam Time : 03:00:00 Hrs aadd aaddaassaa
Total Marks : 90
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PART w
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I. ANSWER ALL THE QUESTIONS. w
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CHOOSE THE MOST APPPOPRIATE ANSWER FROM THE GIVEN FOUR ALTERNATIVES
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AND WRITE THE OPTION CODE AND THE CORRESPONDING ANSWER:
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1) A bank reconciliation statement is prepared by ___________.
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(c) Debtor to the business
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(d) Creditor to the Business
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2) A bank reconciliation statement is prepared with the help of ___________.
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(a) Bank statement
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(b) Cash book
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(c) Bank statement and bank column of the cash book
(d) Petty cash book www www
3) Error of principle arises when
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(a) There is complete omission of a transaction (b) There is partial omission of a transaction
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(c) Distinction is not made between capital and revenue items
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(d) There are wrong postings and wrong castings
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4) A transaction not recorded at all is known as an error of
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(a) Principle
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(b) Complete omission
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(c) Partial omission
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5) The total of purchases book was overcast. Which of the following accounts should be debited in the
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rectifying journal entry?

(a) Purchases account (b) Suspense account (c) Creditor account (d) None of the above
6) Under straight line method, the amount of depreciation is
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(a) Increasing every year
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(b) Decreasing every year
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(d) Fluctuating every year
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(a) Lapse of time (b) Usage (c) Obsolescence (d) a, b and c
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8) A depreciable asset may suffer obsolescence due to______________P
(a) Passage of time
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(c) Technological changes (d) None of the above
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9) Residual value of an asset means the amount that it can fetch on sale at the ____________of its useful life
(a) Beginning (b) End (c) Middle (d) None
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10) Interest on bank deposits is
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(a) Capital receipt
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(b) Revenue receipt
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(d) Revenue expenditures
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11) Revenue expenditure is intended to benefit
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(a) Past period
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(b) Future period
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12) Balance sheet is ____________.
(c) Current period
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(a) An account
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(b) A statement
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(c) Neither a statement nor an account (d) None of the above
13) Carriage inwards will be shown
(a) In the trading account (b) In the profit and loss account (c) On the liabilities side
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(d) On the assets side
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14) Balance sheet shows the ____________ of the business..i. l a
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(a) Profitability (b) Financial position (c) Sales (d) Purchases

15) Goodwill is classified as
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(a) A current asset (b) A liquid asset
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(c) A tangible asset
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16) Closing stock is valued at
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(b) Market price
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(c) Cost price or market price whichever is higher
(d) Cost price or net realisable value whichever is lower aadd
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17) If there is no existing provision for doubtful debts, provision created for doubtful debts is
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(a) Debited to bad debts account
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(b) Debited to sundry debtors account
(c) Credited to bad debts account (d) Debited to profit and loss account
18) Customised accounting software is suitable for
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(a) Small, conventional business
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(b) Large, medium business
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(d) None of the above
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(a) Mouse (b) Printer aaddas
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(c) Scanner (d) Keyboard ad
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20) Expand CAS
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(a) Common Application Software
(c) Centralised Accounting System
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(b) Computerised Accounting System
(d) Certified Accounting System
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PART – B 7 x 2 = 14
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II.ANSWER ANY 7 QUESTIONS. QUESTION NO. 30 IS COMPULSORY
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21) What is meant by bank overdraft?
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22) What is meant by error of principle?
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23) What are compensating errors?
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24) List out the various methods of depreciation. . P
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25) Find out the rate of depreciation under straight line method from the following details:
Original cost of the asset = Rs.10,000
Estimated life of the asset = 10 years
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Estimated scrap value at the end = Rs.2,000
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26) What is meant by revenue expenditure?
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27) Compute cost of goods sold from the following information:
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Opening stock 8,000

Purchases
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60,000
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Direct expenses w
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Indirect expenses 6,000

Closing stock 9,000
28) Mention any two differences between trial balance and balance sheet.
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29) What is outstanding expense?
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30) What is meant by software?
PART –a
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III.ANSWER ANY 7 QUESTIONS. QUESTION NO. 40 IS COMPULSORY
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31) Write a note on suspense account
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32) What are the errors disclosed by a trial balance?
33) What are the objectives of providing depreciation?
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34) What are the causes for depreciation?
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35) State the advantages and limitations of straight line method of depreciation.
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36) Distinguish between straight line method and written down value method of providing depreciation.
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37) Calculate the rate of depreciation under straight line method from the following information
Purchased a second hand machinery on 1.1.2018 for Rs 38,000
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On 1.1.2018 spent Rs 12,000 on its repairs
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Expected useful life of machine is 4 years
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Estimated residual value Rs 6,000
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38) Distinguish between capital receipt and revenue receipt.
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39) Find out the amount of sales from the following information.
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Particulars
Opening stock www Rs
20,000 www
Purchases less returns 70,000
Direct expenses 10,000
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Closing stock
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Gross profit margin (on sales)
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20%
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40) What are the various types of accounting software?
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IV.ANSWER ALL THE QUESTIONS.
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41) a) Prepare profit and loss account of Manoj for the year ending on 31st March 2016.
Particulars Rs. Particulars Rs.
Gross profit 25,000 Travelling expenses 500
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Salaries 5,600 Stationery 75
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Insurance 200 Rent
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400 Interest on loan
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Discount received 300 Repairs 125
Commission received
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100 Office expenses 55
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Advertisement
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875
Printing charges
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Adjustments:
(i) Salary outstanding Rs. 400
(ii) Rent paid in advance Rs. 50
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(iii) Commission receivable Rs. 100.
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b) Compare ready-to-use, customised and t.ailor-made accounting pacages. a
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42) a) What is the differences between Bank column of Cash book and Bank Statement?
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b) Pass adjusting entries for the following:
(OR)
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(a) The closing stock was valued at Rs. 5,000
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(b) Outstanding salaries Rs. 150

(c) Insurance prepaid Rs. 450
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(d) Rs. 20,000 was received in advance for commission.
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(e) Accrued interest on investments is Rs. 1,000.
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43) a) From the following balances as on 31st December, 2017, prepare profit and loss account.
Particulars Rs
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Particulars Rs
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Gross profit
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50,000 Rent received
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2,000
Salaries
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Advertisement
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Office rent paid 12,000 Carriage outwards www
8,000 Fire insurance premium
2,500
6,500
Adjustments:
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(a) Rent accrued but not yet received Rs. 500
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(b) Fire insurance premium prepaid to the extent of Rs. 1,500
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(c) Provide manager’s commission at 10% on profits before charging such commission.
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b) Prepare trading account of Archana for the year ending 31st December 2016 from the following
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lalai .i.Debit balance Rs.
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Credit balance Rs.
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Opening stock 80,000 Purchases returns 10,000
Purchases
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8,60,000
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Sales returns
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3,16,000
Freight inwards
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52,000
. Import duty on purchases
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Wages
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Adjustments: www
(a) Closing stock Rs. 1,00,000
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(b) Wages outstanding Rs. 12,000
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(c) Freight inwards paid in advance Rs. 5,000.
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44) a) From the following information, prepare profit and loss account for the year ending
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31st December 2016.
Particulars
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Rs Particulars
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Gross loss
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Printing and stationery (office)
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Promotional expenses 5,000 ww
Legal charges
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Distribution expenses
Commission paid
15,000
7,000
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Bad debts
Depreciation
1,000
2,000
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Interest on loan paid 5,000 Rent received 4,000
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Packing charges (on sales)
Dividend received
4,000
3,000
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Loss by fire not covered by insurance
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3,000
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Particulars Rs. aaddaassaa
b) Prepare trading account from the following ledger balances presented by P. Sen as on 31st March 2016.
Stock (1-4-2015)
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10,000 Sales
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3,00,000
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Purchases 1,60,000 Returns inward 16,000

Wages 30,000 Returns outward 10,000
Carriage inwards 10,000 Gas and Fuel 8,000
Freight inwards 8,000
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Additional information:
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(a) Stock on 31st March, 2016 Rs. 20,000.i. l a
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(b) Outstanding wages amounted to Rs. 4,000
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(c) Gas and fuel was paid in advance for Rs. 1,000.
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45) a) Rectify the following journal entries
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Particulars
a Kumanan A/c
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L.F. Dr. Rs Cr. Rs
10,000
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To Cash A/c 10,000

(Salary paid to Kumanan)
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b Senguttuvan A/c
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(Rent paid to Senguttuvan)
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To Sales A/c
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(Furniture sold for cash)
d Cash A/c
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To Kumararaja A/c 10,000
(Goods sold to Kumararaja for cash)
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1,000
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(Goods taken by the proprietor Mr. Manimaran for his personal use)
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(OR)
b) From the following information, prepare trading account for the year ending 31st December 2017.
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Particulars Rs
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Particulars Rs
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50,000 Dock charges on purchases
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4,000
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Cost of goods manufactured 12,000 Import duty on purchases 3,500
Cash purchases
ddaass 60,000 Wages
ddaass 11,000
Cash sales
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Purchases returns
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2,000 Credit purchases
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Carriage inwards
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4,000 Credit sales
3,000 Other direct expenses
60,000
7,000
Coal and fuel 2,500 Closing stock 1,00,000
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46) a) Distinguish between capital expenditure and revenue expenditure.
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b) Classify the following receipts into capital and revenue.
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i) Sale proceeds of goods Rs.75,000.
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ii) Loan borrowed from bank Rs.2,50,000
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iii) Sale of investment Rs.1,20,000.
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iv) Commission received Rs.30,000. www
v) Rs.1,400 wages paid in connection with the erection of new machinery.
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47) a) Give examples for capital expenditure(5) and revenue expenditure(5).
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b) From the following balances of Niruban, prepare balance sheet as on 31st December, 2017.
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Particulars Dr. Cr.
Plant and machinery
ddaass 8,00,000
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Land and building
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Furniture
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Cash in hand 20,000

Bank overdraft 1,80,000
Debtors and Creditors 3,20,000 2,40,000
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Bills receivable and Bills payable 1,00,000 60,000
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Closing stock
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4,00,000
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80,000
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assaa Capital
Drawings
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15,00,000
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Net Profit
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6,20,000P
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26,00,000 26,00,000
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Prepared by:
K .PUSH PARASU M .Com ., M .Phil, B.Ed.,
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K V M ATR IC. H R . SEC.SCH OOL,
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KURUM BAPALAYAM , s
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COIM BATOR E – 641 107.
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K V MATRICULATION HIGHER SECONDARY SCHOOL,KURUMBAPALAYAM, COIMBATORE - 641

107.
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FULL PORTION TEST - 1 MARCH-2022 Date : 10-Mar-22
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11th Standard
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Reg.No. :
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ACCOUNTANCY - 11C
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INSTRUCTIONS: USE BLUE INK TO WRITE AND PENCIL TO DRAW DIAGRAMS.
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Exam Time : 03:00:00 Hrs
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20 x 1 = 20
I. ANSWER ALL THE QUESTIONS.
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CHOOSE THE MOST APPPOPRIATE ANSWER FROM THE GIVEN FOUR
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ALTERNATIVES AND WRITE THE OPTION CODE AND THE CORRESPONDING
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1) Which one of the following is not a branch of accounting? ad
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(a) Financial accounting
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(b) Management accounting (c) Human resources accounting
(d) None of the above www
2) GAAPs are:
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(a) Generally Accepted Accounting Policies
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(c) Generally Accepted Accounting Provisions
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(b) Generally Accepted Accounting Principles
(d) None of these
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3) The process of transferring the debit and credit items from journal to ledger accounts is called
_____________..
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(a) Casting
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(b) PostingP (c) Journalising
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(d) Balancing
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4) Which of the following is/are the objective(s) of preparing trial balance?

(a) Serving as the summary of all the ledger accounts
(b) Helping in the preparation of final accounts (c) Examining arithmetical accuracy of accounts
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(d) a, band c
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5) Sales book is used to record_____
(a) all sales of goods ddaass
(b) all credit sales of assets ddaass
(c) all credit sales of goods
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(d) all sales of assets and goods
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6) When a firm maintains a simple cash book, it need not maintain_______.
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(a) Sales account in the ledger (b) Purchases account in the ledger
(c) Capital account in the ledger (d) Cash account in the ledger
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7) Real account deals with ______
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(a) Individual persons l a
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(b) Expenses and losses (c) Assets l a
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(d) Incomes and gains
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8) With drawal of cash from business by the proprietor should be credited to________
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(a) Drawings A/c .P. P
(b) Cash A/c
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(d) Purchases A/c
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9) A bank reconciliation statement is prepared with the help of ___________.
(a) Bank statement (b) Cash book (c) Bank statement and bank column of the cash book
(d) Petty cash book
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10) Interest on bank deposits is
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(a) Capital receipt (b) Revenue receipt l a
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(c) Capital expenditures l a
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(d) Revenue expenditures
assaa d d aas saa

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11) Pre-operative expenses are

(a) Revenue expenditure (b) Prepaid revenue expenditure (c) Deferred revenue expenditure
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(d) Capital expenditure
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12) Bank overdraft should be shown l a
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assaa (a) In the trading account
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(b) Profit and loss account
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(c) On the liabilities side
(d) On the assets side
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13) Current assets does not include w
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(a) Cash (b) Stock (c) Furniture (d) Prepaid expenses
14) The difference in trial balance is taken to
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(a) The capital account
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(b) The trading account
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(d) The profit and loss account
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15) Which of the following errors will be rectified using suspense account?
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(a) Purchases returns book was undercast by Rs.100 . P
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(b) Goods returned by Narendran was not recorded in the books
(c) Goods returned by Akila 900 was recorded in the sales returns book as Rs.90
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(d) A credit sale of goods to Ravivarman was not entered in the sales book
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16) One of the limitations of computerised accounting system is
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(a) System failure (b) Accuracy
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l i
a .i.
(c) Versatility (d) Storage
l a
l i
a
sa
assaa aasaa
s
17) Accounting software is an example of
aadd aaddaassaa
(a) System software
ww. P
. P
(b) Application software
. P P
(c) Utility software
w
w . (d) Operating software
w
www w
www
da
18) Net profit is
(a) Debited to capital account (b) Credited to capital account (c) Debited to drawings account
(d) Credited to drawings account
Pa
N N ett N N ett
19) If there is no existing provision for doubtful debts, provision created for doubtful debts is
e e
l a
l i
a .i.
(a) Debited to bad debts account
l a
lai .i. l a
l i
a
(b) Debited to sundry debtors account
assaa ad
ada
(c) Credited to bad debts account
assaa a saa
s
(d) Debited to profit and loss account
aadd a
w.
ww. P
20) A balance sheet can be prepared
. P w
w . P
. P
w
www
(a) Only at the end of a month (b) Only quarterly
w
www (c) Only half yearly
(d) On a particular date, noryally on the last day of the accounting period
ww
PART – B 7 x 2 = 14
II.ANSWER ANY 7 QUESTIONS. QUESTION NO. 30 IS COMPULSORY
N Neett N Neett
l a
l i
a .i. l a
lai.i.
21) Who are the parties interested in accounting information? l a
l i
a
assaa 22) Define Book Keeping.
aaddaasaa
s
ad
a a
d s
a aa
s
.
23) What is journal proper ?
w
w P. P w
w. P
. P
w
www w
www
24) Give the golden rules of double entry accounting system.
25) What is meant by bank overdraft?
26) What is meant by deferred revenue expenditure?
N Neett
27) What is meant by error of partial omission?
N N e e tt
lalai.i.
28) List out the various methods of depreciation.
l a
l i
a .i. l a
l i
a
assaa d d aas saa
daassaa
ww.. w
w ..
wwww wwww
29) What is CAS?

30) What is outstanding expense?
N Neett PART – C
N Neett 7 x 3 = 21
la ai .i. l a i
a
III.ANSWER ANY 7 QUESTIONS. QUESTION NO. 40 IS
l l .i. l a
l i
a
assaa COMPULSORY
aaddaassaa
aaddaassaa
ww. P
. P w
w .P.P
31) "Business units last indefinitely". Mention and explain the concept on which the statement is based.
w
www
32) Distinguish between journal and ledger. w
www
33) Mention the subsidiary books in which the following transactions are recorded.
(i) Sale of goods for cash
ett
e
(ii) Sale of goods on credit
N N N Neett
lalai.i.
(iii) Purchases of goods on credit
l a
l i
a .i. l a
l i
a
et
assaa aadd s
a aa
s
(iv) When the proprietor takes goods for personal use
a ad
a a
d s
a aa
s
(v) Goods returned to suppliers for which cash is not received immediately
. P
.P . P
. P
.N
w
w
(vi) Asset purchased as credit.
w www
www www
34) What is deferred revenue expenditure? Give two examples.
lai
Particulars Rs
eett
Opening stock
N N
20,000
N Neett
l a
l i
a .i.
Purchases less returns
l l i
a .i.
70,000
a l a
l i
a
sa
assaa Direct expenses
Closing stock
aaddaasaa
s 10,000
30,000
aaddaassaa
. P
. P
ww 20%
w
w . P
. P
w
www w
www
da
36) What are the errors disclosed by a trial balance?

Purchased a second hand machinery on 1.1.2018 for Rs 38,000
Pa
N N ett
e N Neett
l a
l i
a .i. l lai
a .i. l a
l i
a
assaa aa aa
ddaass
38) What are the various types of accounting software? ddaass
aa aa
w.
w . P
. P
39) Rectify the following journal entries
w w
w . P
. P
Particulars w
www w
www L.F. Dr. Rs Cr. Rs
ww
a Kumanan A/c Dr 10,000

To Cash A/c 10,000
N N ett
(Salary paid to Kumanan)
e N Neett
l a
l i
a .i.
b Senguttuvan A/c
l a
lai.i. l
Dr
a
l i
a
6,000
assaa aa aa
To Cash A/c 6,000
(Rent paid to Senguttuvan)
ddaass d a
d s
a s
c Cash A/c
.P. Paa . P
. Paa Dr 2,000
To Sales A/c
w w
w w w
w 2,000
d Cash A/c
www
(Furniture sold for cash) www Dr 10,000
To Kumararaja A/c 10,000
N Neett
(Goods sold to Kumararaja for cash)
N N e e tt
lalai.i.
e Manimaran A/c
l a
l i
a .i. Dr 1,000
l a
l i
a
assaa s aa s aa
To Purchases A/c 1,000
d d aa s daa s
ww.. w
w ..
wwww wwww
Particulars L.F. Dr. Rs Cr. Rs

(Goods taken by the proprietor Mr. Manimaran for his personal use)
Neett N Neett
40) Rectify the Journal Entries, assuming the narration is correct.
N
lalai .i.
i) Purchases A/c
l a
l i
a .i. l a
l i
a
Dr 80,000
assaa To Hariram A/c
aaddaassaa
(Being cash purchases from Hariram)
aaddaassaa 80,000
ii) Cash A/c

ww. P
. P w
w .P.P Dr 15,000
To Sales A/c w
www w
www 15,000
(Being sale of Furniture)
iii) Sales A/c Dr 60,000
N Nett
e
To Govind A/c
(Being credit sale to Govind)
N Neett 60,000
lalai.i. l a
l i
a .i. l a
l i
a
et
iv) Bank A/c Dr 4,000
assaa To Cash A/c

aaddas
a aa
s
ad
a a
d s
a aa
s 4,000
PP P P
(Being amount withdrawn by the Proprietor from bank for his use)
. . . .
.N
v) School Fees A/c
w w
w www Dr 12,000
To Cash A/c www
(Being School fees paid to Proprietors' son)
www 12,000
lai
vi) Charity A/c Dr 4,500
N Neett
To Sales A/c
N Neett 4,500
l a
l i
a .i. (Being donation of goods)
l a
l i
a .
i . l a
l i
a
sa
assaa PART – Dsaa s aa 7 x 5 = 35
IV.ANSWER ALL THE QUESTIONS. ddaa s ddaa s
. P
. Paa . P
.
41) a) Discuss the role of an accountant in the modern business world.Paa
www w w
w
www www
da
(OR)
b) Distinguish between straight line method and written down value method of
providing depreciation.
Pa
N N ett N N ett
42) a) Prepare Anand's account from the following details.
e e
l a
l i
a .i.
2017 July
l a
lai .i.
Rs
l a
l i
a
assaa aa aa
1 Credit balance of Anand's Alc 4,000
15 Amount paid to Anand
ddaass 2,000
ddaass
aa aa
w.
18
. P P
Goods purchased from Anand on credit8,000
ww . w
w . P
. P
20
w
Paid to Anand
www
Discount allowed by him
3,960
40
w
www
ww
25 Goods purchased from Anand 5,000

(OR)
Neett N Neett
b) Show the direct ledger postings for the following transactions:
N
l a
l i
a .i.
2017 June
l a
lai.i. l a
l i
a
assaa saa
s s aa
s
1 Raja commenced business with cash Rs 50,000
6 ddaa
Sold goods for cash Rs 8,000
aa ad
a a
d a
8 .P. P
Sold goods to Devi on credit Rs 9,000
w
w w
w. P
. P
15
20
w
www
Goods purchased for cash Rs 4,000
Goods purchased from Shanthi on credit Rs 5,000
w
www
43) a) From the following balances as on 31st December, 2017, prepare profit and loss account.
Particulars Rs Particulars Rs
N Neett
Gross profit 50,000 Rent received
N N e e tt2,000
lalai.i. Salaries 18,000

l a
l i
a .i.
Discount received 3,000
l a
l i
a
assaa d d aas saa
daassaa
ww.. w
w ..
wwww wwww
Office rent paid 12,000 Carriage outwards 2,500
N Neett
Advertisement 8,000
eett
Fire insurance premium
N N
6,500
lalai .i.
Adjustments:
l a
l i
a .i. l a
l i
a
assaa aadd assaa
a
aaddaassaa
ww. P
. P w
w .P.P
w
www w
www
(OR)
b) From the following balances of Niruban, prepare balance sheet as on 31st December, 2017.
Particulars Dr. Cr.
N Nett
Plant and machinery
e N N ett
8,00,000
e
lalai.i. Land and building
l a
l i
a .i. 6,00,000
l a
l i
a
et
assaa aa aa
Furniture 1,50,000
Cash in hand
ddas
a s 20,000
d a
d s
a s
Bank overdraft
. P
.Paa . P
. Paa
1,80,000
.N
w w
w
Debtors and Creditors
www
www
3,20,000 2,40,000
Bills receivable and Bills payable www
1,00,000 60,000
Closing stock 4,00,000
lai
Investments (short-term) 80,000
N eett
Capital
N N Neett 15,00,000
l a
l i
a .i.Drawings
l a
l i
a .i. 1,30,000
l a
l i
a
sa
assaa Net Profit
aaddaasaa
s 26,00,000 dd as
6,20,000
a
26,00,000
aa
saa
ww. P
. P w . P
. P
44) a) Raja has a hotel. The following transactions took place in his business. Journalise them.
w
w
www w
www
da
January Rs
1 Started business with cash 3,00,000
2 Purchased goods from Rajiv on credit 1,00,000
Pa
N Neett Cash deposited with the bank
N Neett 2.00,000
l a
l i
a .i.
20
22
Borrowed loan from bank
l a
lai .i.
Withdrew from bank for personal use l a
l i
a
10,00,000
800
assaa 23 aassaa
Amount paid to Rajiv in full settlement through NEFT
ad
ad aaddaasaa
s 99,000
w.
25
26 ww P
. P
Paid club bill of the proprietor by cheque
. w
w . P
. P
Paid electricity bill of the proprieton's house through debit card
200
2,000
31
w
www w
www
Lunch provided at free of cost to a charity 1,000
ww
31 Bank levied charges for locker rent 1,000

(OR)
Neett N Neett
b) Enter the following transactions in the three column cash book of Kalyana Sundaram
N
l a
l i
a .i.
2017 Jan Particulars
l a
lai.i. l a
l i
a Rs
assaa 1 Balance in hand

Balance at bank
aaddaasaa
s
ad
a a
d s
a aa
s 42,500
35,000
3
w .P. P
Received for cash sales
w w
w. P
. P 15,700
4
6
w
www
Cash paid into bank
Cash purchases
w
www 11,500
14,300
9 Received dividend directly by the bank through ECS 2,000
10 Pongal advance to staff paid through bank 17,000
N N
12eett Received cash from Nagarajan
N N e e tt 11,850
lalai.i. and allowed him discount l a
l i
a .i. 150 l a
l i
a
assaa d d aas saa
daassaa
ww.. w
w ..
wwww wwww
2017 Jan Particulars Rs

17 Paid Magesh in full settlement of his account Rs 20,000 19,700
20
N Neett eett
Cash withdrawn for personal expenses
N N
20,000
lalai .i.
30
l l i
a .i.
Withdrawn cash from ATM for office use
a l a
l i
1,500
a
assaa aadd assaa
45) a) Distinguish between capital expenditure and revenue expenditure.
a (OR)
aaddaassaa
ww. P
. P w
w .P.P
b) Bring out the differences between cash discount and trade discount.
w
www w
www
46) a) From the following information, prepare trading account for the year ending 31st December 2017.
Opening stock 50,000 Dock charges on purchases 4,000
N Nett
Cost of goods manufactured
e 12,000
N NeettImport duty on purchases 3,500
lalai.i. Cash purchases

l a
l i
a .i.
60,000 Wages
l a
l i
a 11,000
et
assaa aa aa
Cash sales 85,000 Sales returns 3,000
Purchases returns
ddas
a s 2,000
d a
d
Credit purchasess
a s 35,000
Carriage inwards
. P
.Paa 4,000
. P
. Pa
Credit salesa 60,000
.N
w w
w www
Coal and fuel www
Freight outwards 3,000
2,500 www
Other direct expenses 7,000
(OR)
lai
b) From the transactions given below, prepare the sales book of Kumar Stationery for July 2017.
2017
N Neett N Neett
l a
l i
a .i.
July 5
l a i
a .i.
Sold on credit to Saravana Traders of Sayalkudi
l l a
l i
a
sa
assaa aadd asaa
s
10 packs of A4 sheets @ Rs 250 per pack
a
10 dozens of writing pads @ Rs 850 per dozen
aaddaassaa
w . P
. P
Less: 10% trade discount for both
w w
w . P
. P
w
www w
www
da
July 8 Sold to Raja for cash

15 packs of A4 sheets @ Rs 250 per pack
May 20 Sold to Mohan & Co. of Mudukulathur
5 white boards @ Rs 2,200 each
Pa
N Neett N Neett
10 dozens of writing pads @ Rs 850 per dozen
l a
l i
a .i. l aai .i.
July 23 Sold on credit to Narayanan old motor car for Rs 5,000
l l a
l i
a
assaa ad
ad assaa
aadd asaa
s
July 28 Sold to Kumaran for cash 15 packets of marker pens @ Rs 250 per packet
a a
w.
47) a) The following balances are extracted from the books of Ravichandran on 31st December,
ww. P
. P
2016. Prepare the trial balance. w
w . P
. P
Particulars w
wwwRs Particulars Rsw
www
ww
Capital 1,50,000 Sales 75,000

Debtors 22,800 Return inwards 1,000
N Neett
Rent received 500 Discount allowed
N Neett800
l a
l i
a .i.
Bank overdraft 3,100
l a
lai.i.
l a
l i
a
assaa aa aa
Creditors 5,500 Wages 2,900
Premises 1,46,000
ddaass
Salaries 3,500
d a
d s
a s
Opening Stock
.P.
10,000 Paa Commission paid 1,100
. P
. Paa
w w
w w w
w
Purchases
www45,000
www
General expenses 2,000
(OR)
b) Identify the following items into capital or revenue.

i) Audit fees paid Rs.10,000.
N eett
ii) Labour welfare expenses Rs.5,000.
N N N e e tt
lalai.i. l a
l i
a .i.
iii) Rs.2,000 paid for servicing the company vehicle.
l a
l i
a
assaa d d aas saa
daassaa
ww.. w
w ..
wwww wwww
iv) Repair to furniture purchased second hand Rs.3,000.

v) Rent paid for the factory Rs.12,000
N Neett N Neett
lalai .i. l l i
a .i.
*****************************************
a l a
l i
a
assaa aaddaassaa
aaddaassaa
ww . P
. P w
w .P.P
w
www wwww
N Nett
e N Neett
lalai.i. l a
l i
a .i. l a
l i
a
et
assaa aaddas
a aa
s
ad
a a
d s
a aa
s
. P
.P . P
. P
.N
w w
w www
www www
l a
l i
a N
.i. Neett
lai l a
l i
a N
.i. Neett
l a
l i
a
sa
assaa aaddaasaa
s
aaddaassaa
ww. P
. P w
w . P
. P
w
www w
www
da
Pa
N Neett N Neett
l a
l i
a .i. l a
lai .i. l a
l i
a
assaa ad
adaassaa
aaddaasaa
s
w.
ww. P
. P w
w . P
. P
w
www w
www
ww
N Neett N Neett
l a
l i
a .i. l a
lai.i. l a
l i
a
assaa aaddaasaa
s
ad
a a
d s
a aa
s
w
w .P. P w
w. P
. P
w
www w
www
N Neett N N e e tt
lalai.i. l a
l i
a .i. l a
l i
a
assaa d d aas saa
daassaa
ww.. w
w ..
wwww wwww
K V MATRICULATION HIGHER SECONDARY SCHOOL,KURUMBAPALAYAM,COIMBATORE - 641

107
N Neett UNIT - 3
N Neett
lalai .i. l a
l i
a .i.
11th Standard
l a
l i
a
assaa aa aa
Reg.No. :
ddaass ACCOUNTANCY
ddaass
ANSWER THE FOLLOWING : . P
. Paa .P.Paa Total Marks : 50
6 x 2 = 12
www w w
w
www
1) Correct the following entries wherever you think:
Cash Purchases:
www
Cash A/c Dr.
N N tt
To Sales A/c
ee N Neett
lalai.i.
2) What do the following Journal Entries mean?
l a
l i
a .i. l a
l i
a
et
assaa aa aa
Cash A/c Dr.
To Furniture A/c ddas
a s d a
d s
a s
. P
.Paa
3) What do the following Journal Entries mean? . P
. Paa
.N
w w
w www
Bank A/c Dr.
To Cash A/c
www www
lai
4) Journalise the following opening entry:
N Neett Rs
N Neett
l a
l i
a .i.
Cash in hand 2,000
l a
l i
a .i. l a
l i
a
sa
Creditors 13,000
assaa Plant 50,000

aaddaasaa
s
aaddaassaa
Debtors
Furniture
18,000
5,000 ww. P
. P w
w . P
. P
w
www w
www
da
5) Write the transaction for following Journal entries.

a) Purchases A/c Dr.
To Bank
Pa
eett
b) Drawings A/c Dr.
N N N Neett
l a
l i
a .i. To Purchases A/c
l a
lai .i. l a
l i
a
assaa 6) Complete the missing items.
ad
adaassaa
aaddaasaa
s
w.
Assets Rs= Liabilities Rs+ Capital Rs

(a) 30,000
ww. P
. P
20,000 ?
w
w . P
. P
(b) 60,000 w
www 25,000 ? w
www
ww
(c) ? 25,000 30,000

(d) ? 10,000 80,000
(e)
N Neett
25,000 ? 15,000
N Neett
l a
l i
a .i.
(f) 40,000 ? 30,000
l a
lai.i. l a
l i
a
assaa aa aa
ANSWER THE FOLLOWING : 7 x 3 = 21
ddaass d a
d
7) Classify the following items into real, personal and nominal accounts. s
a s
a) Capital .P. Paa . P
. Paa
w w
w w w
w
b) Purchases
c) Goodwill www www
d) Copyright
e) Latha
N Neett
f) State Bank of India
N N e e tt
lalai.i.
g) Electricity charges l a
l i
a .i. l a
l i
a
assaa d d aas saa
daassaa
ww.. w
w ..
wwww wwww
h) Dividend
i) Ramesh
eett
j) Outstanding rent
N N N Neett
lalai .i. l a
l i
a .i.
8) Point out the nature of the following Accounts.
l a
l i
a
assaa a) Capital A/c;
b) Drawings A/c; aaddaassaa
aaddaassaa
c) Machinery A/c;
ww. P
. P w
w .P.P
d) Purchases A/c; w
www w
www
e) Wages A/c;
f) Bank A/c;
N N tt
g) Outstanding rent A/c
ee N Neett
lalai.i.
h) Prepaid insurance A/c;
l a
l i
a .i. l a
l i
a
et
assaa s aa s aa
i) Bad debts A/c
ddaa s d a
d a s
. P
.Paa . P
. Pa
9) Fill in the missing information in the following Journal Entries.
a
.N
Date Particulars
w w
w www L.F` Debit Rs Credit Rs
i)
www
................... /c
To .............. A/c
www Dr ..............
..............
lai
Goods purchased for Cash Rs.20 000)
ii)
N Neett
.................... A/c
.................... A/c
N Neett Dr ....................
....................
l a
l i
a .i. l a
l i
a .i. l a
l i
a
sa
To Vignesh A/c ................
assaa aasaa
s
(Received Rs.18,800 from Ramani in full settlement of the
aadd aaddaassaa
iii)
due Rs.19,000)
ww. P
. P
.................... A/c w
w . P
. P Dr ....................
w
www w
www
da
To .................... A/c 25,000

(Borrowed loan from Kumar)
iv) Cash A/c Dr 4,000
Pa
N Neett.................. A/c
N Neett Dr ....................
l a
l i
a .i. To Domu A/c
l a
lai .i. l a
l i
a ....................
assaa aa aa
(Domu declared insolvent 40 paise in a rupee received for
the due)
ddaass ddaass
aa aa
w.
v)
. P
. P
.................... A/c
ww w
w . P
. P Dr ....................
w
www
To Machinery A/c
(Depreciation on Machinery Rs.4,000)
w
www ....................
ww
10) Rectify the Journal Entries, assuming the narration is correct.

i) Purchases A/c Dr 80,000
N eett
To Hariram A/c
N N Neett 80,000
l a
l i
a .i. l
(Being cash purchases from Hariram) a
lai.i. l a
l i
a
assaa ii) Cash A/c
To Sales A/c aaddaasaa
s
ad
a a
d s
a aa
s Dr 15,000
15,000
w
w .P. P
(Being sale of Furniture)
w
w. P
. P
iii) Sales A/c w
www w
www Dr 60,000
To Govind A/c 60,000
(Being credit sale to Govind)
N Neett
iv) Bank A/c
N N e e tt Dr 4,000
lalai.i. To Cash A/c

l a
l i
a .i. 4,000
l a
l i
a
assaa aa aa
(Being amount withdrawn by the Proprietor from bank for his use)
d d aas s daass
ww.. w
w ..
wwww wwww
v) School Fees A/c Dr 12,000

To Cash A/c 12,000
N eett
(Being School fees paid to Proprietors' son)
N N Neett
lalai .i.
vi) Charity A/c
l a
l i
a .i. l a
l i
a Dr 4,500
assaa ssaa ssaa

To Sales A/c 4,500
(Being donation of goods)
aaddaa aaddaa
ww. P
. P
11) Classify the following into personal, real and nominal accounts.
w
w .P.P
(a) Capital w
www w
www
(b) Building
(c) Carriage inwards
N N tt
(d) Cash
ee N Neett
lalai.i.
(e) Commission received
l a
l i
a .i. l a
l i
a
et
assaa aa aa
(f) Bank
(g) Purchases
ddas
a s d a
d s
a s
(h) Chandru
. P
.Paa . P
. Paa
.N
w w
w www
(i) Outstanding wages
www www
12) Fill in the missing information in the following journal entries:
Date Particluar L.F Debit Rs Credit Rs
lai
..........A/c Dr ..........
N NeettTo ........... A/c

N Neett .............
l a
l i
a .i. l
(Goods purchases for cash Rs.20,000)a
l i
a .i. l a
l i
a
sa
assaa ..................A/c
.................A/c
Dr
Dr aaddaasaa
s
aaddaassaa ...........
...........
To Niha A/c ww. P
. P w
w . P
. P
w
www w
www
da
(Received Rs 18,800 from in full settlement of the due Rs 19,000)

13) Write the narration with reference to the following journal entries
Date Particulars L.F Debit Rs Credit Rs
Pa
2018
N Neett N Neett
l a
l i
a .i.
April 1 Cash A/c Dr
l lai
3,00,000
a .i. l a
l i
a
assaa To Shyam's Capital A/c
addaassaa
(...........................................)
a aadd asaa
s
3,00,000
a
w.
2 Bank A/c Dr
ww. P
. P .
2,70,000
w
w P
. P
To Cash A/c w
www
(...........................................)
w
www 2,70,000
ww
ANSWER THE FOLLOWING : 5 x 5 = 25
N Neett N Neett
14) Pass journal entries in the books of Sasi Kumar who is dealing in automobiles
l a
l i
a .i. l a
lai.i. l a
l i
a
assaa aa aa
2017 Oct. Rs
1 Commenced business with goods
ddaass d a
d s
a s
40,000
3
P Paa
Cash introduced in the business
. . . P
. Paa 60,000
4
w w
w
Purchased goods from Arul on credit
w w
w 70,000
6 www
Returned goods to Arul www 10,000
10 Paid cash to Arul on account 60,000
15 Sold goods to Chandar on credit 30,000
18
N Neett Chandar returned goods worth
N N e e tt
6,000
lalai.i.
20
l l i
a .i.
Received cash from Chandar in full settlemen 23,000
a l a
l i
a
assaa s saa ssaa
25 Paid salaries through ECS 2,000
d d aa daa
ww.. w
w ..
wwww wwww
2017 Oct. Rs
30 Sahil took for personal use goods worth 10,000
Neett N Neett
15) Journalise the following transactions in the books of Ramesh who is dealing in computers:
N
lalai .i.
2017
l a
l i
a .i. l a
l i
a
assaa March
aaddaassaa
aaddaassaa
Ramesh started business with cash Rs.3,00,000, Goods Rs.80,000 and Furniture
1
ww. P
.
Rs.27,000. P w
w .P.P
2
3
w
www
Money deposited into bank Rs.2,00,000 w
www
Bought furniture from MIs Jayalakshmi Furniture for Rs.28,000 on credit.
4 Purchased goods from Asohan for Rs.5,000 by paying through debit card.
5 Purchased goods from Guna and paid through net banking for cash Rs.10,000
6
N Nett
e N Neett
Purchased goods from Kannan and paid through credit card Rs.20,000
lalai.i.
7
l a
l i
a .i.
Purchased goods from Shyam on credit for Rs.50,000
l a
l i
a
et
assaa 8
9
as
a aa
s
Bill drawn by Shyam was accepted for Rs.50,000
aadd ad
a a
d s
a aa
s
Paid half the amount owed to MIs Jayalakshmi Furniture by cheque
. P
.P . P
. P
.N
10 w
w
Shyam's bill was paid
w www
www www
16) Mary is a rice dealer having business for more than 5 years. Pass journal entries in her books or the
period of March, 2018.
lai
March Rs
1
N Neett
Cement bags bought on credit form Sibi
N Neett 20,000
l a
l i
a .i.
2
l l i
a .i.
Electricity charges paid through net banking
a 500
l a
l i
a
sa
assaa 3
4
a dd asaa
s
Returned goods bought form Sibi
a
Cement bags taken for personal use
a
5000
1,000
aaddaassaa
5 . P
. P
Advertisement expenses paid
ww w
w . P
. P
2,000
w
www w
www
da
6 Goods sold to Mano 20,000

7 Goods returned by Mano 20,000
8 Payment received from Mano through NEFT
Pa
N N ett N N ett
17) Jeyaseeli is a sole proprietor having a provisions store. Following are the transactions during the
e e
l a
l i
a .i. l lai
month of January, 2018. Journalise them.
a .i. l a
l i
a
assaa aa aa
Jan. Rs
1 Commenced business with cash
ddaass ddaass 80,000
aa aa
w.
ww P
2 Deposited cash with bank
. . P
3 Purchased goods by paying cash w
w . P
. P 40,000
5,000
w
www
4 Purchased goods from Lipton & Co. on credit w
www 10,000
ww
5 Sold goods to Joy and received cash 11,000

6 Paid salaries by cash 5,000
N N ett N N ett
7 Paid Lipton & Co. by cheque for the purchases made on 4th Jan.
e e
l a
l i
a .i.
8 Bought furniture by cash
l a
lai.i. l
4,000
a
l i
a
assaa aa aa
9 Paid electricity charges by cash 1,000
ddaass d a
d s
a s
10 Bank paid insurance premium on furniture as per standing instructions300
.P. Paa . P Paa

18) Deepak is a dealer in stationery items. From the following transactions, pass journal entries for the
.
w w
w w w
w
www
month of January and February, 2018
Jan Rs www
1 Commenced bussiness with cash 2,00,000
Opened a bank account by
2 1,00,000
N eett
deposited cash
N N N e e tt
lalai.i.
3
'A 4 paper' sold on credit to
60,000
l a
l i
a .i. l a
l i
a
assaa aa aa
Padmini and Co
d d aas s daass
ww.. w
w ..
wwww wwww
Bills received from Padrnini and

4
Co. for the amount due
5
N Neett
Bills received from Padmini and
e
58,000
N N ett
lalai .i.Co. discounted with the bank
l a
l i
a .i. l a
l i
a
assaa aa aa
Feb
Bills of Pad mini and Co.
ddaass ddaass
15
dishonoured
. P
. Paa .P.Paa
www w w
w
www www
Prepared by:
K.PUSHPARASU M.Com., M.Phil, B.Ed.,
N Nett
e N Neett
P G T IN COMMERCE & ACADEMIC COORDINATOR,
lalai.i. l a
l i
a .i. l a
l i
a
et
assaa aa aa
K V MATRIC. HR. SEC.SCHOOL,
d daass KURUMBAPALAYAM,
d a
d s
a s
. P
.Paa COIMBATORE – 641 107.
. P
. Paa
.N
w
w ww w w
w
www
Mob. No. : 93857- 63859.
ww*****************************************
l a
l i
a N
.i. Neett
lai l a
l i
a N
.i. Neett
l a
l i
a
sa
assaa aaddaasaa
s
aaddaassaa
ww. P
. P w
w . P
. P
w
www w
www
da
Pa
N Neett N Neett
l a
l i
a .i. l a
lai .i. l a
l i
a
assaa ad
adaassaa
aaddaasaa
s
w.
ww. P
. P w
w . P
. P
w
www w
www
ww
N Neett N Neett
l a
l i
a .i. l a
lai.i. l a
l i
a
assaa aaddaasaa
s
ad
a a
d s
a aa
s
w
w .P. P w
w. P
. P
w
www w
www
N Neett N N e e tt
lalai.i. l a
l i
a .i. l a
l i
a
assaa d d aas saa
daassaa
ww.. w
w ..
wwww wwww
K V MATRICULATION HIGHER SECONDARY SCHOOL,KURUMBAPALAYAM,

COIMBATORE - 641 107
N Neett UNIT 4 & 5

N Neett
lalai .i. l l i
a .i.
11th Standard
a l a
l i
a
assaa aa aa
Reg.No. :
ddaass ACCOUNTANCY
ddaass
. P
I.ANSWER ALL:
www w w
w 2x2=4
www www
1) Prepare Furniture A/c from the following transactions
2016 Jan. Rs.
1 Furniture in hand 2,000
1
N Ne ett Purchased furniture for cash4,000
N Ne ett
lalai.i.
30 Sold Furniture 400
l al ai .i. l a
l i
a
et
assaa credit column of the trial balance aa aa
2) State whether the balance of the following accounts should be placed in the debit or the
dda as s d da s
a s
. P P aa
.received (viii) Discount received (ix) capital
(i) Carriage outwards (ii) Carriage inwards (iii) Sales (iv) purchases (v) Bad. PPa a
. (xi)
debts (vi)
.N
w ww
w returns w w w
interest paid (vii) Interest
wwpurchase
sales returns (xii) www (x) Drawings
II.ANSWER ALL: 3x3=9
lai
3) The following balances appeared in the books of Vinoth on Jan1, 2018
N Neett N Neett
l a
l i
a .i. l a
l i
a .i.
Assets: Cash Rs.40,000; Stock Rs.50,000; Amount due from Ram Rs.20,000; Machinery
l a
l i
a
sa
assaa4) aa aa
Rs.40,000 Liabilities: Amount of due to Vijay Rs.10000 Pass the opening journal entry an
d a ass
deposit them to Vinoth's Capital account.
d dda s
a s
Prepare cash account from.P
. P
thea a
following transactions for the month of . P
. P
Januaryaa
2018.
w w w w w w
www www
da
(Direct Ledger Posting)

Jan 1 Commenced business with cash Rs 62,000
3 Goods purchased for cash Rs 12,000
10 Goods sold for cash Rs 10,000
Pa
N N e
12 ett
Wages paid Rs 4,000
N Neett
l a
l i
a .i. 25 Furniture purchased for cash Rs 6,000
l a
lai .i. l a
l i
a
assaa5) TheS.Nofollowing trial balance has certain s
a a ddaa saa Redraft it.
errors.
aaddaasaa
s
w.
Debit balance Credit balance

Name of account P P P P
w w. . L.F
Rs Rs
w
w . .
1 www
Building w 60,000 wwww
ww
2 Machinery 17,000
3 Returns outward 2,600
N
4
Neett Bad debts
N Neett
2,000
l a
l i
a .i.5
6
Cash
Discount received l a
lai.i. 400
3,000 l a
l i
a
assaa 7 Bank overdraft
aaddaasaa
s 10,000
ad
a a
d s
a aa
s
8
9
Creditors
Purchases w
w .P. P 50,000
1,00,000 w
w. P
. P
10 Capital
w
www www
72,800
w
11 Fixtures 5,600
12 Sales 1,04,000
N Ne
13
ett Debtors
N N e e tt
60,000
lalai.i. 14 Interest received

l a
l i
a .i. 2,600
l a
l i
a
assaa Total
d d aas saa
2,45,000 2,45,000
daassaa
ww.. w
w ..
wwww wwww
III.ANSWER ALL: 12 x 5 = 60
6) Journalise the following transactions and post them to Ledger.
ee
2016 Jan
N N tt N Neett
Rs.
lalai1.i. Started business with cash

l a
l i
a .i. 10,000
l a
l i
a
assaa 5
7
Paid into bank
ddaassaa 5,000
Purchased goods from Ram for cash1,000
aa aaddaassaa
ww. P
. P
7) Prepare Anand's account from the following details.
w
w .P.P
2017 July
1
w
www
Credit balance of Anand's Alc
Rs w
www
4,000
15 Amount paid to Anand 2,000
18 Goods purchased from Anand on credit8,000
20
N Nett
e Paid to Anand
N Neett3,960
lalai.i. Discount allowed by him

l a
l i
a .i. 40
l a
l i
a
et
assaa 25
aadd s
a aa
s
Goods purchased from Anand
a 5,000
ad
a
8) Show the direct ledger postings for the following transactions:
a
d s
a aa
s
. P
.P . P
. P
.N
2017 June
w w
w www
1
6
www www
Raja commenced business with cash Rs 50,000
Sold goods for cash Rs 8,000
lai
8 Sold goods to Devi on credit Rs 9,000
15 Goods purchased for cash Rs 4,000
20
N Neett N Nee
Goods purchased from Shanthi on credit Rs 5,000
tt
l a
l i
a .i. l a
l i
a .i. l a
l i
a
sa
9) The following balances appeared in the books of Kumaran on April 1, 2017.
assaa Assets: Cash Rs 1,00,000; Stock Rs a
a add as aaAmount due from Rohit Rs 10,000; aassaa
s
40,000;
aadd
w w . P
. P
Furniture Rs 10,000; Liabilities: Amount due to Anush Rs 40,000;
w w. P
. P
www w
w
da
Kumaran's capital Rs 1,20,000

Find the capitalw
and wwbalances.
show the ledger posting for the above opening
10) Give journal entries and post them to cash account.
2016 June Rs.
Pa
1
N Neett Commenced business with cash1,10,000
N Neett
l a
l i
a .i.
10
l aai
Introduced additional capital 50,000
l .i. l a
l i
a
assaa 28
aadd assaa
Withdrawn for personal use 20,000
a aaddaasaa
s
w.
11) Give Journal entries from the following transactions and post them to Cash A/c and Sales
A/c. w w . P
. P w
w . P
. P
2017 Aug w w ww Rs. w
w w
w
ww
10 Sold goods and cheque received but not deposited30,000

14 Sold goods on credit to Gopi 12,000
20
N Ne tt
eReceived cash from Gopi
N Neett 12,000
l a
l i
a .i. l a
lai.i. l a
l i
12) Prepare necessary ledger accounts in the books of Joy from the following opening entry:
a
assaa In the books of Joy Journal entries
aaddaasaa
s
Debit aadda a
Credit
saa
s
Date Particulars
w
w .P. P L.F.
Rsww . PP
. Rs
2017 ww ww ww w
w
Cash A/c
Jan 1 45,000
Dr.
N Neett Stock A/c

N N e e tt 50,000
lalai.i. Dr.
l a
l i
a .i. l a
l i
a
assaa d d aas saa
daassaa
questions and answerkeys to us : PP d
a
ww.. ww ..
wwww wwww
Debit Credit
Date Particulars L.F.
Rs Rs
N Neet t
Sohan A/c
N Neett 35,000
lalai .
i . Dr.
l a
l i
a .
i . l a
l i
a
assaa aa aa
Furniture A/c
Dr. ddaa s s 50,000
d a ass
d20,000
To Ram A/c .P Pa
.A/ca . PP aa
. 1,60,000
w ww w ww
wwofwassets and liabilities brought
To Joy's
(Balances
capital
www
forward)
13) Journalise the following transactions and post them to ledger. On May 20, 2018, Ram paid
N eett N eett
salaries Rs 15,000; Electricity charges Rs 8,000 and wages Rs 2,000.
N N
lalai.i. l a
l i
a .i. l a
l i
a
et
assaa Date Particulars aaddaassaaL.F. Debit Rs Credit Rs aaddaassaa
In the books of Ram Journal entries
2018 . P
.P . P
. P
.N
May 20 w
Salaries w w
A/cw Dr. 15,000 w
www
ww
Electricity charges A/c Dr. 8,000
w
w
Wages A/c Dr. 2,000
lai
To Cash A/c 25,000
N Nee t t (Expenses paid)
N Neet t
l a
l i
a .
i . a
following balances are extracted from lthe
l ai .
i . of Ravichandran on 31st December, la
l i
a
sa
14)
assaa 2016. aa aa
The books
Prepare the trial balance.
dd aa ss ddaass
Particulars Rs
. P P aa
.Sales
Particulars Rs
. P
. Paa
ww w w w w w
www
da
Capital 1,50,000 75,000

Debtors ww22,800 Return inwards 1,000
Rent received 500 Discount allowed 800
Bank overdraft 3,100 Discount received 1,000
Pa
N Neett
Creditors 5,500 Wages 2,900
N Neett
l a
l i
a .i.
Premises 1,46,000 Salaries
l a
l i .i.
3,500
a l a
l i
a
assaa Opening Stock
Purchases
10,000
45,000
a d d a ssaa
Commission paid
a
General expenses
a
1,100
2,000
aaddaasaa
s
w.
w . P
15) From the following balances,
w P
. prepare trial balance of Baskar as on w
31 w
st
w . PP
. 2017.
March,
w
wwRsw if any, to suspense account.
Transfer the difference, w w w
ww
Rs
Opening stock 40,000 Carriage inwards 16,500
Capital
N N
Saleseett 90,000 Bills receivable
N Neett
20,000
1,77,200Commission received5,550
l a
l i
a .i.
Salaries l a
l
12,000 Cash at bankai.i. 17,000 l a
l i
a
assaa Bills payable aasaa
s
9,450 Furniture
aadd 19,000
Telephone charges2,350 Plant & Machinery 55,800 ad
a a
d s
a aa
s
Creditors w
w .P. P
16,000 Repairs 550 w
w. P
. P
Purchases w
www 85,000 w
www
Debtors 25,000
16) Correct the following trial balance:
eett
Particulars
N N
Debit Balance Credit Balance
N N e e tt
lalai.i. Rs Rs
l a
l i
a .i. l a
l i
a
assaa aa aa
Opening Stock 1,00,000
d d aas s daass
ww.. w
w ..
wwww wwww
Debit Balance Credit Balance

Particulars
Rs Rs
N Ne
Salaries
ett 36,000
N Neett
lalai .i.
Creditors 1,32,000
l a
l i
a .i. l a
l i
a
assaa aa aa
Bank 35,000
Carriage inwards ddaas
18,000
s ddaass
Rent received . P
. Paa9,000 .P.Paa
www w w
w
Purchases www
Discount allowed
3,48,000
6,000
www
Bills payable 60,000
Debtors 45,000
ett
e
Carriage outwards
N N 15,000
N Neett
lalai.i.
Capital
l a i
a .i.
1,63,000
l l a
l i
a
et
assaa Returns inward
Discount received aaddas
a aa
s9,000
12,000 ad
a a
d s
a aa
s
. P
.P . P
. P
.N
Trade expenses
w w
w 18,000
www
Sales
Building
www 3,68,000
1,14,000
www
lai
Total 7,44,000 7,44,000
N N ett N N ett
17) From the following balances, prepare trial balance of Baskar as on 31st March 2017.
e e
l a
l i
a .i. l l i
a .i.
Transfer the difference, if any, to suspense account.
a l a
l i
a
sa
assaa aa aa
Name of the account Rs Name of the account
Rs
Opening stock ddaass
40,000 Debtors 25,000 ddaass
Capital . P
. Paa 90,000 Carriage inwards
16,500 . P
. Paa
www w ww
www w
da
Sales 1,77,200 Bills received20,000

Salaries ww5,500
12,000 Commission recieved
Bills payable 9,450 Cash at bank 17,000
Telephone charges 2,350 Furniture 19,000
Pa
eett
Creditors
N N eett
16,000 Plant & Machinery
N N 55,800
l a
l i
a .i.
Purchases
l aai .i.
85,000 Repairs
l l a i
a
550
l
assaa ad
adaassaa
aaddaasaa
s
w.
ww. P
. P Prepared by:
w
w . P
. P
w
www w
K.PUSHPARASU M.Com., M.Phil, B.Ed.,
www
P G T IN COMMERCE & ACADEMIC COORDINATOR,
ww
K V MATRIC. HR. SEC.SCHOOL,

KURUMBAPALAYAM,
N Neett N eett
COIMBATORE – 641 107.
N
l a
l i
a .i. l a
lai.i.
Mob. No. : 93857- 63859
l a
l i
a
assaa ddaassaa
*****************************************
aa ad
a a
d s
a aa
s
ww .P. P w
w. P
. P
w
www wwww
N Neett N N e e tt
lalai.i. l a
l i
a .i. l a
l i
a
assaa d d aas saa
daassaa
ww.. w
w ..
wwww wwww
K V MATRICULATION HIGHER SECONDARY SCHOOL,KURUMBAPALAYAM,

COIMBATORE - 641 107.
N Neett UNIT 6 & 7

N Neett
lalai .i. l l i
a .i.
11th Standard
a l a
l i
a
assaa aa aa
Reg.No. :
dd ass
ACCOUNTANCY
a ddaass
ANSWER ALL
. P
. Paa .P.Paa 3x3=9
ww w
w
1) Mention the subsidiary books in which the following transactions are recorded.
w
forw w
ww
(i) Sale of goods cash www
(ii) Sale of goods on credit
(iii) Purchases of goods on credit
eett
(iv) When the proprietor takes goods for personal use
N N N Neett
lalai.i. l l i
a .i.
(v) Goods returned to suppliers for which cash is not received immediately
a l a
l i
a
et
assaa2) Enter the following transactionsaainddaasimple
(vi) Asset purchased as credit.
assaacash book of Kunal: ad
a a
d s
a aa
s
. P
.P . P
. P
.N
2017
w ww w w
www
Jan
1
ww
Cash in hand
Rs
11,200
w
w
lai
5 Received from ramesh 300
7
N Neett
Pain Rent 30
N Neett
l a
l i
a .i.
8 Sold goods for cash 300
l a
l i
a .i. l a
l i
a
sa
assaa 27 aa aa
10 Paid mohan 700
Purchased furniture for
d d aa ss dda a ss
cash
. P
. Paa 200
. P
. Paa
31 Paid salaries
w ww
w 100
w w w
wwofw
da
wwtransactions
3) Enter the following in a single column cash cash book Pradeep for April,
2017
April Particulars Rs
Pa
N Neett
Commenced
N Neett
l a
l i
a .i.
1 Bussiness with27,000
l a
lai .i. l a
l i
a
assaa cash
Bought goods for
a addaassaa
aaddaasaa
s
w.
5
cash
ww. P
. P
6,000
w
w . P
. P
10
w
www 11,000
Goods sold for
cash
w
www
ww
13 Paid into bank 5,000

Goods sold to
14
N Neett
Sangeetha for 9,000
N Neett
l a
l i
a .i. cash
l a
lai.i. l a
l i
a
assaa 17
Goods purchased
from Preethi on a ad
13,000daasaa
s
ad
a a
d s
a aa
s
credit
w
w .P. P w
w. P
. P
21
Purchasedw
www 200 w
www
stationery by cash
Paid Murugan by
25 14,000
cash
N Neett
Commission paid by
N N e e tt
lalai.i.
26
cash
700
l a
l i
a .i. l a
l i
a
assaa d d aas saa
daassaa
ww.. w
w ..
wwww wwww
April Particulars Rs
Drew from bank
29 4,000
N Neett
for office use
N Ne ett
lalai .i.
30
Rent paid by
3,000
l a
l i
a .i. l a
l i
a
assaa aa aa
cheque
ANSWER ALL ddaass ddaass 16 x 5 = 80
. P
. Paa .P.Paa
4) Enter the following transactions in the Purchases book of MIs. Subhashree Electric Co.,
w w w w w
w
www
which deals in electric goods
2017 April 5Purchased from Karthik Electric Co., on credit
www
10 Electric iron box @ RS 2,500 each
5 electric stoves @ Rs 2,000 each
ett
e
April 19
N N eett
Purchased on credit from Khaitan Electric Co.,
N N
lalai.i. l a i
a
3 electric heaters @ Rs6,000 each
l .i. l a
l i
a
et
assaa April 25 aa dd
10 Fans @ Rs2,000 eachas saa
Purchased from Polar Electric Co., on credit
a a a ddaassaa
. P
.P . P
. P
.N
April 29 Purchased from M & Co. for cash
w w ww
10 electric stoves @ Rs 3,000 each w w ww
w w ww
5) From the following transactions write up the Sales day book of M/s. Ram & Co., a
lai
stationery merchant.
N N ett N N ett
2017 Jan. 1 Sold toAnbu & Co., on credit 20 reams of white paper @ Rs 150 per ream
e e
l a
l i
a .i. l a
l i
a .i.
Jan. 2 Sold to Jagadish & Sons on credit 6 dozen pens @ Rs 360 per dozen
l a
l i
a
sa
assaa aa aa
Jan. 10 Sold old newspapers for cash @ Rs 620
d da as s
Jan. 15 Sold on credit MIs. Elango & Co., 10 drawing boards @ Rs 170 per piece
dda ass
P aa P a
Jan. 20 Sold to Kani & Co., 4 writing tables at Rs 1,520 per table for cash
. . P . . P a
6) Prepare Purchases book
w w
w w w w
wwwgiven for April 2017. www
and Sales book in the books of Santhosh Textiles Ltd., from the
da
following transactions
2017 April 1 Purchased goods from Prasad, Kancheepuram on credit
100 meters Silk @ Rs 450 per meter
Pa
N Neett e
75 meters Velvet @ Rs 180 per meter
N N ett
l a
l i
a .i. l lai .i.
April 10 Sold goods to Rathinam, Chennai on credit
a l a
l i
a
assaa aa aa
60 meters Silk @ Rs 490 per meter
ddaass
50 meters Velvet @ Rs 210 per meter ddaass
aa aa
w.
ww. P
. P
April 18 Nathan & Sons purchased from us on credit
w
w . P
. P
w
www
100 meters Silk @ Rs 510 per meter w
www
April 20 Purchased goods from Hari Ram & Sons, Madurai on credit
ww
50 rolls kada cloth @ Rs 730 per roll

80 rolls cotton cloth @ Rs 650 per roll
N eett
April 24 Purchased from Mohan, Karur for cash
N N Neett
l a
l i
a .i. Shirting cloth @ Rs 7,000
l a
lai.i. l a
l i
a
assaa7) From the following information,aaprepare aa aa
Sarees @ Rs 25,000
dda as s
purchase day book and purchases returnsddaas s
.P
.
the month of June 2017 and P .P
post them into ledger accounts in the books of . Paabook
Robert
for
Furniture Mart. w w w w ww ww
ww w w
2017 June 1 Purchased from Balu Traders 20 chairs @ Rs 150 each on credit
June 13 Bought from Sub ash @ Co., on credit
2 Almirah @ Rs 3,100 each
N Neett 10 tables @ Rs 1,500 each
N N e e tt
lalai.i. 15 chairs @ Rs 200 each
l a
l i
a .i. l a
l i
a
assaa d d aas saa
daassaa
ww.. w
w ..
wwww wwww
Less: 10 % Trade discount on all items

Add: Freight charges Rs 220
N Neett
June 21
N N ett
Returned 2 damaged chairs to Balu Traders and cash not received
e
lalai .i.June 24
l l i
a .i.
Purchased from Sunrise Furniture Mart on credit
a l a
l i
a
assaa June 27 aa aa
25 Almirahs @ Rs 1,300 each
d da ass
Purchased from Mouli Traders on credit
d da as s
. P
. Paa
10 executive tables @ Rs 3,275 each
.P.Paa
June 29 w
w w
w
Returned 3 Almirahs to Sunrise Furniture Mart and cash not received
w w
wwwtransactions in the sales book and sales returns
8) Record the following wwwbook of M/s. Ponni &
Co., and post them to ledger.
2017Aug
N Nett
e 1
N Neett
Sold goods to Senthil as per Invoice No. 68 for Rs 20,500 on credit
lalai.i. l a
l i
a .i. l a
l i
Aug 4 Sold goods to Madhavan as per Invoice No. 74 for Rs 12,800 on credit
a
et
assaa Aug 15 ddas
a aa
s d a
d s
a aa
s
Aug 7 Sold goods to Kanagasabai as per Invoice No. 78 for Rs 7,500 on credit
Returns inward by Senthil as per Credit Note no. 7 for Rs 1,500 for which cash
aa aa
is not paid. P
.P . P
. P
.N
w w
w www
www www
Aug 20 Sold goods to Selvam for Rs 13,300 for cash
Aug 25
Sales returns of Rs 1,800 by Madhavan as per Credit Note No. 11 for which cash
is not paid
lai
9) Prepare necessary subsidiary books in the books of Niranjan and also Sachin account
N Neett N Neett
and Mukil account from the following transactions for the month of February 2017.
l a
l i
a .i. l a
l i
a .i. l a
l i
a Rs
sa
assaa aaddaasaa
s
2017 Feb 1 Purchased goods from Mukil Traders on credit
Feb 4 Goods sold to Sachin Traders on credit aaddaassaa 12,480
15,000
ww. P
. P
Feb 6 Sold goods to Manish Traders on credit w
w . P
. P 12,100
w
www w
www
da
Feb 7 Sachin Traders returned goods for which cash is not paid 1,200
Feb 9 Returned goods to Mukil Traders for which cash is not received 1,500
Feb 10 Sold goods to Manish & Co., on credit 13,300
Pa
Feb 14 Purchased from Mukil Traders on credit 15,200

N Neett N Neett
10) Record the following transactions of Vijay Electrical & Co., in the proper books.
l a
l i
a .i. l a
lai .i. l a
l i
a
assaa aa aa
2017 Jan 1 Purchased on credit from Preethi & Co.,
ddaass
25 table fans @ Rs 1,400 each
ddaass
aa aa
w.
ww. P
10 fans @ Rs 2,000 each
. P
Add: Auto charges @ Rs 100 w
w . P
. P
w
www
Jan 5 Sold on credit to Sheela & Co., w
www
ww
10 electric Iron Box @ Rs 1,250 each

20 electric stoves Rs 450 each
N Neett Less: 10% Trade discount

N Neett
l a
l i
a .i. l a
lai.i.
Jan 10 Purchased for cash from Brinda & Co,
10 electric stoves @ Rs 1,300 each l a
l i
a
assaa aasaa
s
Jan 18 Returned to Preethi & Co.,
aadd ad
a a
d s
a aa
s
w
w .P
5 table fans being defective
. P
Jan 20 Purchased from Sathya & Co., w
w. P
. P
w
www
10 Fans @ 1,200 each w
www
Less: Trade Discount 5%
Jan 21 Sheela & co., returned 3 electric irons as defective.
N N ett N N e tt
Jan 23 Purchased form Elizhbeht & Co., 10 water purifiers @ Rs 4,700 each.
e e
lalai.i. l a
l i
a
Jan 27 Returned to Sathya & Co., 2 damaged fans
.i.
Jan 25 Sold on credit M/s. Bavani & Co., 7 Fans @ 1,450 each
l a
l i
a
assaa d d aas saa
daassaa
ww.. w
w ..
wwww wwww
11) From the following information, prepare the necessary subsidiary books for Nalanda Book
Stores.
2017
NNeetBought
t from M/s. Umadevi on credit NNeet t
lalai .i. 100 copies Business Statistics Booklal@aiRs.80
Dec. 1 .i. each l a
l i
a
assaa 100 copies Accountancyd
a a daa
Book
s@
saRs.150
a each
aaddaassaa
Sold to Sridevi &.PP .P P
Dec. 7
w w w . Statistics @ Rs.90 each
Co., on credit
w w
w .
www
240 copies
250 copies
Business
Accountancy books @ Rs.170 each www
Dec. 10 Bought from Subha & Co.,
40 Copies Economics books @ Rs.80 each
N Nett
e Less: 15% Trade Discount
N Neett
lalai.i.
Dec. 15 l a
l i
a .i. l a
l i
Returned to Mis. Vma Devi 10 copies of damaged Accountancy book for which
a
et
assaa aa aa
cash is not received
ddas
a s
Dec. 18 Sold to Gupta Bros., on credit d a
d s
a s
. P
.Paa
200 copies of Economics book @ Rs.95 each . P
. Paa
.N
w w
w www
www www
Dec. 26 Returned 6 copies of Economics books to Subha & Co.,
12) Record the following transactions in the purchases book of Shanthi Furniture Mart:
2017
lai
March 1 Purchased from Mohan Furniture Mart, Madurai
N Neett
20 chairs @ Rs 450 each
N Neett
l a
l i
a .i. 2 tables @ Rs 1,000 each
l a
l i
a .i. l a
l i
a
sa
assaa dd asaa
s
Less: Trade discount @ 10%
a
March 7 Bought from Ramesh & Co., Royapettah
aa aaddaassaa
ww. P
. P
2 stools @ Rs 500 each
w
w . P
. P
w
www w
www
da
10 rolling chairs @ Rs 200 each

Delivery charges and cartage Rs 150
March 21 Purchased from Kamal & Co., Karaikkal
10 chairs @ Rs 750 each
Pa
N Neett
15 steel cabinets @ Rs 1,500 each
N Neett
l a
l i
a .i. Packing and delivery charges Rs 250
l a
lai .i. l a
l i
a
assaa Less: Trade discount @ 10%
dda assaa
March 25Purchased from Jemini & Sons, Chennai
aa aaddaasaa
s
w.
w w . P
. P
2 typewriters @ Rs 7,750 for office use
w
w . P
. P
ww w
w
13) From the following transactions of Ram Home Appliances for July 2017 prepare purchases
w w w
w
ww
book and ledger accounts connected with this book:

2017
July 5 Purchased on credit from Kannan & Co.
NN e t
e t 50 iron boxes @ Rs 500 each
N
N eett
l a
l i
a .i. 10 grinders @ Rs 3,000 each lalai.i. l a
l i
a
assaa July 6 Purchased
25 fans @ Rs 1,250a adda
each
a &a
for cash from Sivass a
Bros.
ad
a a
d s
a aa
s
July 10 Purchased fromw w.P P
. & Co. on credit
Balan w
w. P
. P
20 w
w w w @ Rs 2,500 each
grinders w
w w
w
10 mixies @ Rs 3,000 each
Less: Trade discount @ 10%
Delivery charges Rs 1,000
N Neett N N e e tt
July 20 Purchased on credit, one copier machine from Kumar for Rs 35,000
lalai.i. l a
l i
a .i. l a
l i
a
assaa d d aas saa
daassaa
ww.. w
w ..
wwww wwww
14) Enter the following transactions in the purchases returns book of Hari who is dealing in
automobiles and post them into the ledger.
2017
N Neett N Ne tt
e
lalai .i.
Jan
l a
l i
a .i. l a
l i
a
Returned to Anand 5 clutch plates @ Rs 200 each, not in accordance with order.
assaa aa aa
5
d a
d s
a s ddaass
Jan Returned to Chandran 4 brake shoes @ Rs 200 each and 10rear view mirrors @ Rs
14 . P
. Pa a
350 each, due to inferior quality. .P.Paa
www w w
w
wwwParticulars www
15) Enter the following transactions in a single column cash book of Seshadri for May, 2017
May 1 Rs
5 Cash in hand 40,000
7 Cash received from Swathi 4,000
10
N Nett
e N eett
Purchased goods from Sasikala for cash 6,000
N
lalai.i.
15 Sold goods for cash l a
l i
a .i. 9,000 l a
l i
a
et
assaa 18
22
Purchased computer
aad
Cash paid to Sabapathidas
a aa
s 15,000
5,000 ad
a a
d s
a aa
s
. P
.P . P
. P
.N
28 Paid Salary
w w
w 2,500
www
30 www
Interest received www
500
16) Enter the following transactions in a single column cash book of Ramalingam for month of
lai
July, 2017.
N Neett
Particulars
N Neett
Rs
l a
l i
a .i.
July 1 Cash in hand
l a
l i
a .i. 32,000
l a
l i
a
sa
assaa 5
6
Received from Keerthana
ddaasaa
s
Paid packing charges in cash
aa
5,000
300
aaddaassaa
7 .
Cash purchases
ww P
. P 12,400
w
w . P
. P
w
www w
www
da
8 Sold goods for cash 2,600

10 Paid salary to manager in cash 7,000
11 Paid to Bala 3,000
12 Purchased goods from Bose 2,500
Pa
24
N Neett eett
Cash deposited into bank through CDM4,000
N N
l a
l i
a .i.
27 Withdraw cash from bank l a
lai .i. 2,000 l a
l i
a
assaa 31
aas
Paid office rent in cash
ad
ad saa 6,000
aaddaasaa
s
w.
ww.
2017 Jan Particulars
P
. P w
w . P
17) Enter the following transactions in the three column cash book of Kalyana Sundaram
. P Rs
1
w
www
Balance in hand
w
www 42,500
ww
Balance at bank 35,000

3 Received for cash sales 15,700
4
N Neett Cash paid into bank
N Neett 11,500
l a
l i
a .i.
6 Cash purchases
l a
lai.i. l a
l i
14,300
a
assaa 9
10 dd asaa
Received dividend directly by the bank through ECS
a s
Pongal advance to staff paid through bank
aa ad
a a
d s
a aa
s 2,000
17,000
12 .P. P
Received cash from Nagarajan
w
w w
w. P
. P 11,850
17
w
www
and allowed him discount w
www 150
Paid Magesh in full settlement of his account Rs 20,000 19,700
20 Cash withdrawn for personal expenses 20,000
30 Withdrawn cash from ATM for office use 1,500
N Neett N N e e tt
18) Record the following transactions in the three column cash book of John Pandian.
lalai.i. Particulars l a
l i
a .i. Rs. l a
l i
a
assaa d d aas saa
daassaa
ww.. w
w ..
wwww wwww
Particulars Rs.
2017 Dec 1 Cash balance brought forward 12,600
N Neett
1 Bank overdraft brought forward
N Neett 36,000
lalai .i. 1
l l i
a .i.
Advance paid to petty cashier by cheque
a l a
l i
a 3,000
assaa 5
7 dd as
Goods sold for cash
a saa
Dividend on shares collected by the banker
aa aaddaassaa 12,000
1,000
13 . P
. P
Cash paid into Bank
ww w
w .P.P 10,000
14
18
w
www w
www
Interest charged by the bank for bank overdraft
Cheque issued to Siddique
1,500
8,000
Discount received from him 200
24 Insurance claim received by cheque and deposited into bank 17,000
N Net
e t
28 Cash received from Baskar
N Neett 15,000
lalai.i. Discount allowed to him
l a
l i
a .i. 150
l a
l i
a
et
assaa 31
a
19) Prepare three column cash bookad da as aa
s
Deposited into Bank all cash excess of Rs.18,600
ad
a a
d s
a aa
s
. P
.P in the books of Thiru Durairaj
. P
. P
.N
2017 Particulars w w Rs. w
w
March
Cash inww w
hand
w w
12,000 www
1
lai
Cash at bank 15,000
2
NN eett
Cash paid into bank
N Neett 11,000
l a
l i
a .i.3 l l i
a .i.
Goods sold Rs.18,500. Half of it is received in
a l a
l i
a
sa
assaa 4 aa aa
Cash and half of it.is.received by cheque which
ddaass
is immediately deposited in the bank
ddaass
. P
. Paa
Sold on credit to Jayaraj for
. P
. Pa
7,000a
www w w
w
www www
da
8 Jayaraj sent a cheque in full settlement 6,900

12 Jayaraj's cheque was sent to bank
Bought goods from Iqbal and issued a cheque to
14 8,500
him immediately
Pa
15 et t e tt
i . N
.
i 19N e
Bought goods from Murali on credit
i N
.i.
Received a cheque from Kannappan inN e 4,000
i
a l
a a
l a l
aa a
la 1,975
aal a
l a
ass dd ss
full settlement of his account of Rs 2,000
aa
Drew cash Rs. 3,000 and by cheque Rs 5,000
aa aaddaass
w.
20
ww. P
.
for personal useP w
w . P
. P
25 w
www w
www
Paid Vinod by cheque in full settlement of his
account of Rs 2,000
1850
ww
N Neett N Neett
l a
l i
a .i. l a
lai.i. Prepared by:
l a
l i
a
assaa aa aa
ddaass d a
d s
a s
P G T IN COM M ERCE & ACADEM IC COOR DINATOR ,
.P. Paa . P
. Paa
w w
w w w
w
www www
KURUM BAPALAYAM ,
M ob. N o. : 93857- 63859.
N Neett N N e e
*****************************************tt
lalai.i. l a
l i
a .i. l a
l i
a
assaa d d aas saa
daassaa
ww.. w
w ..
wwww wwww
K V MATRICULATION HIGHER SECONDARY SCHOOL,KURUMBAPALAYAM,COIMBATORE -641107

UNIT - 10 & 11
N Neett N Neett
11th Standard
lalai .i. l a
l i
a .i.
ACCOUNTANCY
l a
l i
Reg.No. :
a
assaa Exam Time : 01:00:00 Hrs
I.ANSWER ALL:
aaddaassaa
aaddaassaa Total Marks : 50
ww. P
. P w
w .P.P
1) On 1.1.2017 a firm purchased a machine at a cost of Rs.1,00,000. Its life was estimated to be 10 years
w
www w
www
with a scrap value of Rs.10,000. Compute the amount of depreciation to be charged at the end of each
year.
2) Find out the rate of depreciation under straight line method from the following details:
ett
e
Original cost of the asset = Rs.10,000
N N N Neett
lalai.i.
Estimated life of the asset = 10 years
l a
l i
a .i. l a
l i
a
et
assaa aadd s
a aa
s
Estimated scrap value at the end = Rs.2,000
a ad
a a
d s
a aa
s
3) From the following information, calculate the amount of depreciation and rate of depreciation under
. P
.P . P
. P
.N
straight line method.
w w
w www
www
Purchase price of machine ` 80,000
Expenses to be capitalised ` 20,000
www
lai
Estimated residual value ` 35,000
N Neett
Expected useful life 5 years
N Neett
l a
l i
a .i. l a
l i
a .i. l a
l i
a
sa
assaa straight line method.
aaddaas
Purchase price of machine Rs.80,000
aa
s
aaddaassaa
ww. P
. P
Expenses to be capitalised Rs.20,000
w
w . P
. P
w
www w
www
da
Estimated residual value Rs.35,000

Expected useful life 5 years.
5) Calculate the amount of depreciation and depreciation rate from the following by using ‘straight line
Pa
N N ett N N ett
method’. Also give journal entries for the first two years. The books are closed on 31st December
e e
l a
l i
a .i.
every year.
l a
lai .i. l a
l i
a
assaa s aa saa
January 1, 2016 Payment to vendor for purchase of machinery Rs. 1,40,000
ddaa s
January 1, 2016 Transportation cost Rs.1,000 ddaa s
aa aa
w.
ww. P
. P
January 1, 2016 Installation cost Rs. 9,000
w
w . P
. P
w
www w
www
Estimated scrap value at the end of the life Rs. 45,000
Estimated life 7 years.
ww
6) State with reasons whether the following are capital or revenue expenditure:
N N ett N N ett
i. Expenses incurred in connection with obtaining a licence for starting the factory for Rs.25,000.
e e
l a
l i
a .i. l a
lai.i. l a
l i
ii. A factory shed was constructed at a cost of Rs.2,00,000. A sum of Rs.10,000 had been incurred in
a
assaa aa aa
the construction of temporary huts for storing building material.
ddaass d a
d s
a s
iii. Overhaul expenses of second-hand machinery purchased amounted to Rs.5,000.
.P. Paa . P
. Paa
7) State with reasons whether the following are capital or revenue or deferred revenue expenditure:
w w
w w w
w
www www
i) Advertisement expenses amounted to Rs.10 crores to introduce a new product.
ii) Expenses on freight for purchasing new machinery.
iii) Freight and insurance on the new machinery and cartage paid to bring the new machinery to the
N N ett
factory.
e N N e e tt
lala .i. l a
l i
a .i.
8) State whether the following are capital, revenue or deferred revenue expenditure.
i l a
l i
a
assaa aa aa
i) Carriage of Rs.1,000 spent on machinery purchased and installed.
d d aas s daass
ww.. w
w ..
wwww wwww
ii) Office rent paid Rs.2,000.

iii) Wages of Rs.5,000 paid to machine operators.
Neett N Neett
iv) Hire charges for the use of motor vehicle, hired for five years, but paid yearly.
N
lalai .i. l a
l i
a .i.
9) State whether the following are capital or revenue items.
l a
l i
a
assaa aadd assaa
i. Rs.5,000 spent towards additions to buildings.
a aaddaassaa
ii. Second-hand motorcar purchased for Rs.30,000 and paid Rs.2,000 as repairs immediately.
ww. P
. P
iii. Rs.10,000 was spent on painting the new factory.
w
w .P.P
w
www w
www
iv. Freight and cartage on the new machine Rs.150, erection charges Rs.200.
v. Rs.150 spent on repairs before using a second hand car purchased recently.
10) Classify the following expenses as capital or revenue.
Nett
e N Neett
i) The sum of Rs.3,200 has been spent on a machine as follows:
N
lalai.i. l a
l i
a .i.
a) Rs.2,000 for additions to double the output.
l a
l i
a
et
assaa aadd s
a aa
s
b) Rs.1,200 for repairs necessitated by negligence.
a ad
a a
d s
a aa
s
ii) Overhauling expenses of Rs.25,000 for the engine of a motor car to get better fuel efficiency.
. P
.P . P
. P
.N
w w
w www
11) Classify the following expenditures and receipts as capital or revenue:
www www
i) Rs.10,000 spent as travelling expenses of the directors on trips abroad for the purchase of fixed
assets.
lai
ii) Amount received from trade receivables during the year.
N N ett N N ett
iii) Amount spent on demolition of building to construct a large building on the same site.
e e
l a
l i
a .i. l l i
a .i.
iv) Insurance claim received on account of a machinery damaged by fire.
a l a
l i
a
sa
assaa aa aa
II.ANSWER ALL: 2x3=6
ddaass ddaass
. P
. Paa .
Purchased a second hand machinery on 1.1.2018 for Rs 38,000 P
. Paa
www w w
w
www www
da

Pa
N N ett N N ett
e e
l a
l i
a .i.
straight line method.
l a
lai .i. l a
l i
a
assaa aa aa
Purchase price of machine Rs. 80,000
ddaass
Expenses to be capitalised Rs. 20,000
ddaass
aa aa
w.
ww. P
. P
Estimated residual value Rs. 35,000
w
w . P
. P
w
www
Expected useful life 5 years.
III.ANSWER ALL:
w
www 7 x 5 = 35
ww
14) State whether the following expenditures are capital, revenue or deferred revenue.
N N ett N N ett
i) Advertising expenditure, the benefits of which will last for three years.
e e
l a
l i
a .i. l a
lai.i.
ii) Registration fees paid at the time of registration of a building.
l a
l i
a
assaa aa aa
iii) Expenditure incurred on repairs and whitewashing at the time of purchase of an old building in
order to make it usable.
ddaass d a
d s
a s
.P. Paa
15) Classify the following items into capital and revenue.
. P
. Paa
w w
w w w
w
www www
i) Registration expenses incurred for the purchase of land.
ii) Repairing charges paid for remodelling the old building purchased.
iii) Carriage paid on goods purchased.
iv) Legal expenses paid for raising of loans
N Neett
16) State whether they are capital and revenue.
N N e e tt
lalai.i. l a
l i
a .i. l a
l i
a
assaa aa aa
i) Construction of building Rs.10,00,000.
d d aas s daass
ww.. w
w ..
wwww wwww
ii) Repairs to furniture Rs.50,000.

iii) White-washing the building Rs.80,000
Neett N Neett
iv) Pulling down the old building and rebuilding Rs.4,00,000
N
lalai .i. l a
l i
a .i.
17) Classify the following items into capital and revenue.
l a
l i
a
assaa aadd a
ii) Loss on sale of old furniture.
ssaa
i) Rs.50,000 spent for railway siding.
a aaddaassaa
ww. P
. P
iii) Carriage paid on goods sold.
w
w .P.P
w
www w
www
18) State whether the following are capital, revenue and deferred revenue.
i) Legal fees paid to the lawyer for acquiring a land Rs.20,000.
ii) Heavy advertising cost of Rs.12,00,000 spent on introducing a new product.
ett
e
iii) Renewal of factory licence Rs.12,000.
N N N Neett
lalai.i. l a
l i
a .i.
iv) A sum of Rs.4,000 was spent on painting the factory.
l a
l i
a
et
assaa aadd s
a aa
s
19) Classify the following receipts into capital and revenue.
a
i) Sale proceeds of goods Rs.75,000. ad
a a
d s
a aa
s
. P
.P . P
. P
.N
w
w
ii) Loan borrowed from bank Rs.2,50,000
w www
www
iii) Sale of investment Rs.1,20,000.
iv) Commission received Rs.30,000.
www
lai
v) Rs.1,400 wages paid in connection with the erection of new machinery.
N Neett N Neett
20) Identify the following items into capital or revenue.
l a
l i
a .i.
i) Audit fees paid Rs.10,000.
l a
l i
a .i. l a
l i
a
sa
assaa aadd asaa
s
ii) Labour welfare expenses Rs.5,000.
a
iii) Rs.2,000 paid for servicing the company vehicle.
aaddaassaa
w . P
. P
iv) Repair to furniture purchased second hand Rs.3,000.
w w
w . P
. P
w
www w
www
da
v) Rent paid for the factory Rs.12,000
Prepared by:
Pa
N Neett N N ett
e
l a
l i
a .i. l lai .i.
a l a
l i
a
assaa ssaa saa
s
ad
adaa KURUM BAPALAYAM ,
aaddaa
w.
ww. P
. P w . P
. P
w
w
www w
www
M ob. N o. : 93857- 63859
ww
*****************************************
N Neett N Neett
l a
l i
a .i. l a
lai.i. l a
l i
a
assaa aaddaasaa
s
ad
a a
d s
a aa
s
w
w .P. P w
w. P
. P
w
www w
www
N Neett N N e e tt
lalai.i. l a
l i
a .i. l a
l i
a
assaa d d aas saa
daassaa
ww.. w
w ..
wwww wwww
K V MATRICULATION HIGHER SECONDARY SCHOOL,KURUMBAPALAYAM,COIMBATORE - 641

107
N Neett UNIT - 12 & 13 SUMS
N Neett Date : 13-May-22
lalai .i. l a
l i
a .i.
11th Standard
l a
l i
a
assaa aa aa
Reg.No. :
ddaass ACCOUNTANCY
ddaass
. P
www w w
1) From the following information, prepare trading account for the year ended 31.12.2016.
w
Particulars
www
Opening stock (1.1.2016)
Rs
10,000
www
Purchases 26,100
N Nett
Sales
e
40,600
N Neett
lalai.i.
Closing Stock (31.12.2016) 13,500
l a
l i
a .i. l a
l i
a
et
assaa aa aa
Particulars Rs
ddas
a s d a
d s
a s
Opening stock
. P
.Paa
8,000
. P
. Paa
.N
w w
w www
Purchases
Direct expenses www 60,000
5,000 www
Indirect expenses 6,000
lai
Closing stock 9,000
Neett N Neett
3) From the following balances taken from the books of Saravanan, calculate gross profit for the year
N
l a
l i
a .i.
ended December 31, 2017.
l a
l i
a .i. l a
l i
a
sa
assaa Particulars
Opening stock
Rs
aa
1,50,000ddaasaa
sParticulars
Net sales during the year aaddaassaa
Rs
4,00,000
Direct expenses ww. P
. P
8,000 w
w . P
. P
Net purchases during the year 1,50,000
w
www w
www
da
Closing Stock 25,000

4) From the following balances taken from the books of Victor, prepare trading account for the year
ended December 31, 2017:
Pa
N Neett
Particulars Rs
N NeettParticulars Rs
l a
l i
a .i.
Adjusted purchases
l a
lai .i.
80,000 Closing stock
l a
l i
a 7,000
assaa Sales
add
Royalty on purchases of goods
a aassaa 90,000
4,000
Carriage inwards
a ddaasaa
s
Import duty on purchases of goods
a
3,000
6,000
w.
. P
. P
Octroi on purchase of goods
ww 2,000 . P
. P
Dock charges on purchases
w
w 5,000
w
www
Cost of goods manufactured 5,000 w
www
ww
5) From the following balances extracted from the books of M/s. Lavanya and sons, prepare trading
account for the year ended 31st March 2017:
N Neett
Particulars Rs Particulars
N Neett Rs
l a
l i
a .i.
Opening stock 16,500
l a
lai.i.
Carriage inwards 1,200
l a
l i
a
assaa aa aa
Purchases 45,000 Wages 4,800
Sales 72,000
ddaass
Fuel and power 3,200
d a
d s
a s
Purchases returns
.P. Paa
500 Closing stock
. P
. P
18,000aa
w w
w w w
w
www www
Sales returns 1,500
Particulars Rs
eett
Purchases less returns
N N 70,000
N N e e tt
lalai.i.
l a
l i
a .i. l a
l i
a
assaa d d aas saa
daassaa
ww.. w
w ..
wwww wwww
Particulars Rs
Closing stock 30,000
eett
N N
20%
N Neett
lalai .i. l a
l i
a .i. l a
l i
7) From the following information, prepare profit and loss account for the year ended 31st March 2018.
a
assaa Particulars
Gross profit b/d
Rs
aaddaassaa Particulars
1,50,000 Advertisement expenses
aaddaassaa
Rs
3,800
Carriage outward
ww. P
. P 25,500
w
w
Bad debts .P.P 8,500
Office rent w
www 7,000 w
www
Dividend received 9,000
Office stationery 3,500 Discount received 4,600
Distribution expenses 2,000 Rent received 7,000
N N tt
e N N ett
8) From the following information, prepare profit and loss account for the year ended 31st December,
e e
lalai.i.
2017.
l a
l i
a .i. l a
l i
a
et
assaa aa aa
Gross profit b/d
ddas
a s 60,000
d a
d
Interest receiveds
a s 2,100
Freight outward
. P
.Paa 15,000
. P
. Paa
Financial charges 4,000
.N
w w
w www
www
Salesmen commission paid
12,000
1,300 www
Repairs on vehicles used in office
Depreciation on vehicles used in office
8,000
3,000
Promotional expenses 10,200 Interest paid 9,000
lai
Office telephone expenses 22,400 Rent received 7,000
N Neett
Bad debts recovered 4,000
N Neett
Carriage inwards 4,000
l a
l i
a .i. l a
l i
a .i. l a i
a
9) From the following balances of Niruban, prepare balance sheet as on 31st December, 2017.
l
sa
assaa Particulars
Plant and machinery aaddaasaa
s Dr.
8,00,000
Cr.
aaddaassaa
Land and building
ww. P
. P 6,00,000
w
w . P
. P
w
www w
www
da
Furniture 1,50,000
Cash in hand 20,000
Bank overdraft 1,80,000
Pa
N Neett
Debtors and Creditors
N Neett
3,20,000 2,40,000
l a
l i
a .i.
Bills receivable and Bills payable
l a
lai .i. 1,00,000 60,000
l a
l i
a
assaa aa aa
Closing stock 4,00,000
Investments (short-term)
ddaass 80,000
ddaass
aa aa
w.
Capital
ww. P
. P w
w . P P
15,00,000
.
Drawings
Net Profit
w
www w
www
1,30,000
6,20,000
ww
26,00,000 26,00,000
10) Prepare trading account in the books of Mr.Sanjay for the year ended 31st December 2017:
N Neett
N Neett Rs
l a
l i
a .i.
Opening stock 570
l aa
Purchases
l i.i. 15,800
l a
l i
a
assaa Sales
Sales returns
26,200
60
aadd asaa
s
Purchases returns
a
Closing stock
ad
a
90
a
d
860
s
a aa
s
w
w .P. P w
w. P
. P
11) From the following details for the year ended 31st March, 2018, prepare trading account.
Particulars w
www Rs Particulars w
www Rs
Opening stock 2,500 Returns inwards 7,000
Purchases 27,000 Coal and gas 3,300
Sales
N Neett 40,000 Carriage inwards
N N e e tt 2,600
lalai.i.
Wages 2,500
l a
l i
Closing stock
a .i. 5,200
l a
l i
a
assaa aa aa
Returns outwards 5,200
d d aas s daass
ww.. w
w ..
wwww wwww

N Neett
eett
Indirect expenses
N N
5,000
lalai .i.
Purchases 80,000
l a
l i
a .i.
l a
l i
a
assaa ssaa ssaa
aaddaa
13) Find out the amount of sales from the following information:
aaddaa
Particulars
ww. P
. P Rs Particulars
w
w .P.P Rs
Opening stock w
www 30,000 w
www
Purchases less returns 2,00,000 Gross profit margin (on sales) 30%
14) From the following particulars, prepare balance sheet in the books of Bragathish as on 31st
N N tt
December 2017:
ee N Neett
lalai.i.
l a
l i
a .i. Rs
l a
l i
a
et
assaa aa aa
Capital 80,000 Cash in hand 20,000
Debtors 12,800
ddas
a s
Net profit 4,800
d a
d s
a s
Drawings 8,800
. P
.PaaPlant 43,200
. P
. Paa
.N
w w
w www
Particulars
www Rs
www
15) From the following information, prepare trading account for the year ending 31st December 2017.
Particulars Rs
lai
Opening stock 50,000 Dock charges on purchases 4,000
Cost of goods manufactured 12,000 Import duty on purchases 3,500
N Neett
Cash purchases 60,000
N Neett
Wages 11,000
l a
l i
a .i.
Cash sales l a
l i
a .i.
85,000 Sales returns l a
l i
a 3,000
sa
assaa Purchases returns
aaddaasaa
s 2,000 Credit purchases
aaddaassaa 35,000
Carriage inwards
Freight outwards ww. P
. P 4,000
3,000 w
w . P
Credit sales
. P
Other direct expenses
60,000
7,000
w
www w
www
da
Coal and fuel 2,500

16) From the following trial balance of Sharan, prepare trading and profit and loss account for the year
ending 31st December 2017 and balance sheet as on that date. The closing stock on 31st
Pa
eett
December 2017 was valued at Rs 2,50,000.
N N N Neett
l a
l i
a .i.
Debit Balances Rs
a i .i.
Credit Balances
l la Rs
l a
l i
a
assaa Stock (1-1-2017)
Purchases
ad
ad ass
2,00,000
a
7,50,000
aa Sundry creditors
Purchases returns
aaddaasaa
s 12,000
30,000
w.
Carriage inwards
ww. P
. P75,000 Sales
w
w . P
. P 10,20,000
Wages
Salaries
w
www 3,65,000
1,20,000
w
www
Commission received
Capital
53,000
33,00,000
ww
Repairs 12,000
Rent and taxes 2,80,000
N Neett
Cash in hand 97,000
N Neett
l a
l i
a .i.
Land 21,50,000
l a
lai.i. l a
l i
a
assaa Drawings
Bank deposits
aa
1,66,000
aadd
2,00,000
saa
s
ad
a a
d s
a aa
s
w
w .P. P
44,15,000 w
w. P
. P 44,15,000
w
www w
www
17) From the following details, prepare profit and loss account.
Gross profit 50,000 Interest received 2,000
N Neett
Office rent 10,000
e e tt
Discount received
N N
3,000
lalai.i.
Depreciation on office assets 8,000
l a
l i
a .i.
Carriage outwards 2,500
l a
l i
a
assaa Discount allowed
d d aas saa
12,000 Insurance on office building
da ssaa
3,500
a
ww.. w
w ..
wwww wwww
Advertisement 4,000 General expenses 3,000
N Neett
Audit fees
N eett
1,000
N
lalai .i. l a
l i
a .i. l a
l i
18) From the following information, prepare profit and loss account for the year ending
a
assaa 31st December 2016.
Particulars
aaddaassaa
Rs Particulars
aaddaassaa
Rs
Gross loss
ww. P
. P 60,000
w
w .P.P
Printing and stationery (office) 2,000
w
www
Promotional expenses 5,000 w
www
Legal charges 5,000
Distribution expenses 15,000 Bad debts 1,000
Commission paid 7,000 Depreciation 2,000
N Nett
Interest on loan paid
e
5,000
N Neett
Rent received 4,000
lalai.i.
l a
l i
a .i.
4,000 Loss by fire not covered by insurance
l a
l i
a
3,000
et
assaa aa aa
Dividend received 3,000
ddas
a s d a s
a s
19) From the following balances obtained from the books of Mr. Ganesh, prepare trading and profit and
d
loss account.
. P
.Paa . P
. Paa
.N
w w
w www
Particulars
www
Stock on 01.01.2017
Rs
8,000 www
Particulars
Bad debts
Rs
1,200
Purchases for the year 22,000 Trade expenses 1,200
lai
Sales for the year 42,000 Discount allowed 600
N Neett
Expenses on purchases 2,500
N Neett
Commission allowed 1,100
l a
l i
a .i.
Financial charges paid
a i
a
3,500
l l .i. Selling expenses
l a
l i
a 600
sa
assaa Expenses on sale
aaddaasaa
s 1,000
Closing stock on December 31.12.2017 was Rs. 4,500.
aaddaassaa
Repairs on office vehicles 600
ww. P
. P w
w . P
. P
20) Prepare trading and profit and loss account and balance sheet in the books of Deri, a trader, from the
w
www w
www
da
following balances as on March 31, 2018.

Debit Balances Rs Credit Balances Rs
Stock 10,000 Sales 1,22,500
Pa
Cash
N Neett 2,500 Creditors
N Neett 5,000
l a
l i
a .i.
Bank 5,000
l a
lai .i.
Bills payable 2,000
l a
l i
a
assaa aa aa
Freight inwards 750 Capital 1,00,000
Purchases
ddaas
95,000s ddaass
aa aa
w.
Drawings
ww. P
. P 4,500
w
w . P
. P
Wages
Machinery
w
www 27,500
50,000
w
www
ww
Debtors 13,500
Postage (office) 150
eett
Sundry expenses
N N 850
N Neett
l a
l i
a .i.
Rent paid 2,500
l a
lai.i. l a
l i
a
assaa Furniture 17,250
aaddaa
2,29,500
saa
s
ad
a a
d s
a aa
s
2,29,500
w
w .P. P
Closing stock (31st March, 2018) Rs. 8,000.
w
w. P
. P
w
www w
www
21) Prepare trading account from the following ledger balances presented by P. Sen as on 31st
March 2016.
N Neett
Stock (1-4-2015) 10,000 Sales
N N e e tt 3,00,000
lalai.i.
Purchases 1,60,000
l a
l i
Returns inward
a .i. 16,000
l a
l i
a
assaa aa aa
Wages 30,000 Returns outward 10,000
d d aas s daass
ww.. w
w ..
wwww wwww

Carriage inwards 10,000 Gas and Fuel 8,000
eett
Freight inwards
N N
8,000
N Neett
lalai .i.
Additional information:
l a
l i
a .i. l a
l i
a
assaa aadd assaa
(a) Stock on 31st March, 2016 Rs. 20,000
a
(b) Outstanding wages amounted to Rs. 4,000
aaddaassaa
ww. P
. P
(c) Gas and fuel was paid in advance for Rs. 1,000.
w
w .P.P
w
www w
www
22) From the following balances as on 31st December, 2017, prepare profit and loss account.
Gross profit 50,000 Rent received 2,000
N Nett
Salaries
e 18,000
N Neett
lalai.i.
Office rent paid 12,000
l a
l i
a .i.
Carriage outwards 2,500
l a
l i
a
et
assaa aa aa
Advertisement 8,000 Fire insurance premium 6,500
Adjustments:
ddas
a s d a
d s
a s
. P
.Paa
. P
. Paa
.N
w w
w www
www www
23) From the following balances obtained from the books of Siva, prepare trading and profit and loss
lai
account.
N Neett
Particulars Rs.
N Neett
Particulars Rs.
l a
l i
a .i.
Stock on 01.01.2016 9,000 l a
l i
a .i.
Bad debts l a
l i
a
1,200
sa
assaa Purchases
aa aasaa
s
22,000
dd Sundry expenses
aaddaassaa 1,800
Sales
Expenses on purchasesww. P
. P 42,000
1,500
Discount allowed
Expenses on salew
w . P
. P 1,700
1,000
w
www w
www
da
Bank charges paid 3,500 Repairs on office furniture 600

Adjustments:
a) Closing stock on, 31st December, 2016 was Rs. 4,500
Pa
Neett N Neett
b) Manager is entitled to receive commission @ 5% of net profit after providing such commission.
N
l a
l i
a .i. l a
lai .i. l a
l i
24) Given below are the balances extracted from the books of Nagarajan as on 31st March, 2016.
a
assaa Particulars Rs
ad
adaassaa
Particulars Rs
aaddaasaa
s
w.
Purchases 10,000 Sales 15,100

Wages
ww. P
. P w
w
600 Commission received . P
. P 1,900
Freight inwards w
www w
www
750 Rent received 600
ww
Advertisement 500 Creditors 2,400

Carriage outwards 400 Capital 5,000
Cash
N Neett 1,200
N Neett
l a
l i
a
Machinery
.i.
Debtors
8,000
2,250 l a
lai.i. l a
l i
a
assaa Bills receivable
aaddaasaa
s
300
ad
a a
d s
a aa
s
Stock on 1st January, 2016
w
w .P. P 1,000
25,000 w
w. P
. P 25,000
w
www w
www
Prepare the trading and profit and loss account for the year ended 31st March, 2016 and the balance
sheet as on that date after adjusting the following:
(a) Commission received in advance Rs 400
eett
(b) Advertisement paid in advance Rs 150
N N N N e e tt
lalai.i.
(c) Wages outstanding Rs 200
l a
l i
a .i. l a
l i
a
assaa s saa
(d) Closing stock on 31st March 2016, Rs 2,100
d d aa daassaa
ww.. w
w ..
wwww wwww
25) Pass adjusting entries for the following:

(a) The closing stock was valued at Rs. 5,000
eett
(b) Outstanding salaries Rs. 150
N N N Neett
lalai .i.
(c) Insurance prepaid Rs. 450
l a
l i
a .i. l a
l i
a
assaa aadd assaa
(d) Rs. 20,000 was received in advance for commission.
a
(e) Accrued interest on investments is Rs. 1,000.
aaddaassaa
ww. P
. P w
w .P.P
26) Prepare trading account of Archana for the year ending 31st December 2016 from the following
information. w
www w
www
Debit balance Rs. Credit balance Rs.
Opening stock 80,000 Purchases returns 10,000
N Nett
Purchases
e 8,60,000 Sales returns
N Neett 3,16,000
lalai.i.
l a
l i
a .i.
Import duty on purchases 30,000
l a
l i
a
et
assaa aa aa
Wages 24,000 Sales 14,40,000
Adjustments:
ddas
a s d a
d s
a s
. P
.Paa
(a) Closing stock Rs. 1,00,000 . P
. Paa
.N
w w
w www
www
(b) Wages outstanding Rs. 12,000
(c) Freight inwards paid in advance Rs. 5,000. www
27) Prepare profit and loss account of Manoj for the year ending on 31st March 2016.
tt
lai tt
i N Nee
Gross profit
.i. N Nee
25,000 Travelling expenses
i .i. 500
i
l a
l a l a
l a l a
l a
sa
Salaries 5,600 Stationery 75
assaa Insurance
aaddaasaa
s
200 Rent 650
aaddaassaa
Discount allowed
Discount received ww. P
. P 400
300
Interest on loan
Repairs w
w . P
. P225
125
w
www w
www
da
Commission received 100 Office expenses 55

Advertisement 450 General expenses 875
Printing charges 375 Postage 175
Pa
eett
Adjustments:
N N N Neett
l a
l i
a .i.
(i) Salary outstanding Rs. 400
l a
lai .i. l a
l i
a
assaa (ii) Rent paid in advance Rs. 50
addaassaa
(iii) Commission receivable Rs. 100.
a aaddaasaa
s
w.
ww. P
. P w . P
. P
28) From the trial balance of Sumathi and the adjustments prepare the trading and profit and loss
w
w
www w
www
account for the year ended 31st March, 2016, and a balance sheet as on that date.
ww
Particulars Debit Rs. Credit Rs.

Stock on April 1, 2015 900
N Neett
Purchases 2,000
N Neett
l a
l i
a .i.
Sales
l a
lai.i. 4,000
l a
l i
a
assaa aa aa
10% Loan 2,000
Carriage on purchases
ddaass
200
d a
d s
a s
Rent from tenant
.P. Paa 250
. P
. Paa
w w
w w w
w
www www
Interest on loan 100
Machinery 400
Cash in hand 75
Furniture 4,000
eett
Capital
N N
1,975
N N e e tt
lalai.i.
Postage and telegram 100
l a
l i
a .i. l a
l i
a
assaa Salaries
d
425
d aas saa
daassaa
ww.. w
w ..
wwww wwww
Particulars Debit Rs. Credit Rs.

Commision 200
ee
Repairs
N N tt 75
N Neett
lalai .i.
General expenses 150
l a
l i
a .i. l a
l i
a
assaa ssaa ssaa
8,425 8,425
Adjustments
aaddaa aaddaa
ww. P
. P
(a) Six months interest on loan is outstanding.
w
w .P.P
w
www w
www
(b) Two months rent is due from tenant, the monthly rent being Rs. 25.
(c) Salary for the month of March 2016, Rs. 75 is unpaid.
(d) Stock in hand on March 31, 2016 was valued at Rs. 1,030.
N N tt
e N N ett
29) The following trial balance was extracted from the books of Arun Traders as on 31st March 2018.
e e
lalai.i.
Particulars Debit Rs.
l a
l i
a .i.
Debit Rs.
l a
l i
a
et
assaa aa aa
Buildings 17,500
Plant and machinery
ddas
a s
12,000
d a
d s
a s
Cash purchases
. P
.Paa 30,000
. P
. Paa
.N
w w
w www
www www
Credit purchases 8,500
Sales 63,250
Bills receivable 6,750
lai
Coal and water 1,625
eett
Office expenses
N N 5,250
N Neett
l a
l i
a .i.
Rent received
l a
l i
a .i. 1,750
l a
l i
a
sa
assaa Carriage outwards
Repairs and maintenance
aaddaasaa
s
2,875
500
aaddaassaa
Wages
ww. P
. P 9,250
w
w . P
. P
w
www w
www
da
Debtors and creditors 9,000 8,500

Cash 2,000
Capital 44,750
Pa
N Neett 1,18,250
N Neett
1,18,250
l a
l i
a .i. l a
lai .i. l a
l i
a
Prepare trading and profit and loss account for the year ending 31st March 2018 and balance sheet as
assaa aassaa
on that date after considering the following:
ad
ad aaddaasaa
s
w.
ww P
. P
(a) Depreciate Plant and machinery @ 20%
. w
w . P
. P
w
(b) Wages outstanding amounts to Rs. 750.
www w
www
(c) Half of repairs and maintenance paid is for the next year.
ww
(d) Closing stock was valued at Rs. 15,000.

30) From the following information prepare trading and profit and loss account and balance sheet of
eett
Kumar for the year ending 31st December, 2017.
N N N Neett
l a
l i
a .i.
Debit balance Rs
l a
lai.i.
Credit balance Rs
l a
l i
a
assaa Purchases
Coal and fuel aadda
14,500
600
asaa
s Sales
Bills payable
20,100
400 ad
a a
d s
a aa
s
Carriage inwards
w
w .P. P 750 Rent received
w
w.
2,500 P
. P
Advertisement w
www 500 Creditors w
www 2,000
Carriage outwards 400 Capital 5,000
Bank 1,200
N Neett
Furniture 8,000
N N e e tt
lalai.i.
Debtors 2,250
l a
l i
a .i. l a
l i
a
assaa aa aa
Bills receivable 300
d d aas s daass
ww.. w
w ..
wwww wwww
Debit balance Rs Credit balance Rs

Stock on 1st January, 2017 1,500
N Neett 30,000
N Neett 30,000
lalai .i.
Adjustments:
l a
l i
a .i. l a
l i
a
assaa aadd ass
b) Carriage inwards prepaid Rs 250
aa
a) The closing stock on 31st December, 2017 was valued at Rs 3,900.
a aaddaassaa
ww. P
. P
c) Rent received in advance Rs 100
w
w .P.P
w
www w
www
d) Manager is entitled to receive commission @ 5% of net profit after providing such commission.
Prepared by:
N Nett
e N N ett
e
lalai.i. l l i
a .i.
a l a
l i
a
et
assaa s aa
s s aa
s
aaddaa KURUM BAPALAYAM ,

ad
a a
d a
. P
.P . P
. P
.N
w w
w www
www www
M ob. N o. : 93857- 63859
*****************************************
l a
l i
a N
.i. Neett
lai l a
l i
a N
.i. Neett
l a
l i
a
sa
assaa aaddaasaa
s
aaddaassaa
ww. P
. P w
w . P
. P
w
www w
www
da
Pa
N Neett N Neett
l a
l i
a .i. l a
lai .i. l a
l i
a
assaa ad
adaassaa
aaddaasaa
s
w.
ww. P
. P w
w . P
. P
w
www w
www
ww
N Neett N Neett
l a
l i
a .i. l a
lai.i. l a
l i
a
assaa aaddaasaa
s
ad
a a
d s
a aa
s
w
w .P. P w
w. P
. P
w
www w
www
N Neett N N e e tt
lalai.i. l a
l i
a .i. l a
l i
a
assaa d d aas saa
daassaa

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K V MATRICULATION HIGHER SECONDARY SCHOOL, KURUMBAPALAYAM,COIMBATORE - 641 107.

rectifying journal entry?

(a) Lapse of time (b) Usage (c) Obsolescence (d) a, b and c

(a) Profitability (b) Financial position (c) Sales (d) Purchases

aadd ssaa aassaa

Estimated scrap value at the end = Rs.2,000

Opening stock 8,000

Indirect expenses 6,000

(b) Outstanding salaries Rs. 150

Purchases 1,60,000 Returns inward 16,000

To Cash A/c 10,000

lalai.i. To Purchases A/c

lalai .i.Opening stock

N Neett N Neett (OR)

Cash in hand 20,000

Bills receivable and Bills payable 1,00,000 60,000

K V MATRICULATION HIGHER SECONDARY SCHOOL,KURUMBAPALAYAM, COIMBATORE - 641

4) Which of the following is/are the objective(s) of preparing trial balance?

assaa aad aasaa

assaa d d aas saa

11) Pre-operative expenses are

18) Net profit is

29) What is CAS?

36) What are the errors disclosed by a trial balance?

a Kumanan A/c Dr 10,000

Particulars L.F. Dr. Rs Cr. Rs

assaa To Hariram A/c

ii) Cash A/c

assaa To Cash A/c

25 Goods purchased from Anand 5,000

lalai.i. Salaries 18,000

N Neett Cash deposited with the bank

31 Bank levied charges for locker rent 1,000

assaa 1 Balance in hand

2017 Jan Particulars Rs

lalai.i. Cash purchases

July 8 Sold to Raja for cash

Capital 1,50,000 Sales 75,000

b) Identify the following items into capital or revenue.

iv) Repair to furniture purchased second hand Rs.3,000.

K V MATRICULATION HIGHER SECONDARY SCHOOL,KURUMBAPALAYAM,COIMBATORE - 641

assaa Plant 50,000

5) Write the transaction for following Journal entries.

Assets Rs= Liabilities Rs+ Capital Rs

(c) ? 25,000 30,000

To .................... A/c 25,000

10) Rectify the Journal Entries, assuming the narration is correct.

lalai.i. To Cash A/c

v) School Fees A/c Dr 12,000

assaa ssaa ssaa

N NeettTo ........... A/c

(Received Rs 18,800 from in full settlement of the due Rs 19,000)

ANSWER THE FOLLOWING : 5 x 5 = 25

6 Goods sold to Mano 20,000

5 Sold goods to Joy and received cash 11,000

.P. Paa . P Paa

Bills received from Padrnini and

K V MATRICULATION HIGHER SECONDARY SCHOOL,KURUMBAPALAYAM,

N Neett UNIT 4 & 5

II.ANSWER ALL: 3x3=9

(Direct Ledger Posting)