[TE] T I M E E D U T O R

ACCOUNTANCY
CLASS 11
Max. Marks : 40 Time: 1 hours

1. On 1st April 2020 Tata Technologies ltd. purchased five machines of Rs. 60,000 each.
Depreciation @ 10 % p.a. on initial cost has been charged from the profit and loss
account and credited to provision for depreciation account.
On 1st April 2022 one machine was sold for Rs. 42,750 and on 31st August 2024
another machine was sold for Rs.31,800. An improved model costing Rs. 1,00,000
was purchased on 1st October 2021. Books are closed on on 31st march each year.
(10)
You are required to show
(i) Machinery account
(ii) Provision for depreciation account
(iii) Machinery disposal account.

2. Rectify the following errors: (10)

i. Salary paid ₹ 5,000 was debited to employee’s personal account.
ii. Rent Paid ₹ 4,000 was posted to landlord’s personal account.
iii. Cash received from Kohli ₹ 2,000 was posted to Kapoor’s account.
iv. Goods withdrawn by proprietor for personal use ₹ 1,000 were debited to
sundry expenses account.
v. Goods returned to Subhman ₹ 4,000 were recorded as ₹ 400.
vi. Credit purchases from Rohan ₹ 9,000 were not recorded.
vii. Sales return book overcast by ₹ 300.4
viii. Cash sales ₹ 2,000 were posted to the debit of sales account as ₹ 5,000.
ix. Goods returned to Mahendra ₹ 4,000 were posted to the credit of Narendra
as ₹ 3,000.
x. Depreciation provided on machinery ₹ 4,000 was posted as ₹ 400.