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MODEL QUARTERLY EXAMINATION – SEP 2022

STD: 11

N Neett N Neett Marks: 90

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Subject: Accountancy
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PART - A
I. Choose the correct Answer:
aaddaa aaddaa 20 x 1 = 20

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1. The root of financial accounting system is
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a) Social accounting
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b) Stewardship accounting
c) Management accounting d) Responsibility accounting

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2. Who is considered to be the internal user of the financial information?

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lalai.i. a) Creditor b) Employee
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a .i. c) Customer
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a. d) Government

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3. In 1494, ……………. an Italian developed double – entry book – keeping system.
a) Luca Pacioli
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b) Kautilya c) Wheeler
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4. The concept which assumes that a business will last indefinitely is
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c) Periodicity d) Conservatism
5. The rule of stock valuation ‘cost price or realizable value’ whichever is lower is based on the
accounting principle of:

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a) Materiality
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6. Which one is not a role of an accountant?i
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assaa a) Record keeper
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b) Tax manager c) PRO
aaddaassaa d) Owner
7. Prepaid rent is a
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a) Nominal A/c w
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c) Real A/c d) Representative personal A/c
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8. Real account deals with’
a) Individual persons b) Expenses and losses c) Assets d) Incomes and gains

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9. J.F means
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a) Ledger page number b) Journal page number c) Voucher number d) Order number
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10. ………………. is known as principal book of accounts.
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a) Journal
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b) Ledger
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c) Trial balance
. d) Transaction

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11. If the total of the debit side of an account exceeds the total of its credit side, it means
a) Credit balance b) Debit balance c) Nil balance d) Debit and credit balance
12. After the preparation of ledger, the next step is the preparation of
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a) Trading account b ) Trial balance
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c) Journal d) Profit and loss account

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13. Trial balance is prepared:
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a) At the end of the year b) On a particular date c) For a year d) None of the above
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a) all sales of goods.P. P w
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b) all credit sales of assets
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c) all credit sales of goods
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d) all sales of assets and goods
15. Purchases of fixed assets on credit basis is recorded in
a) Purchases book b) Sales book c) Purchases returns book d) Journal proper

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16. The cash book records

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a) All cash receipts

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b) All cash payments c) Both (a) and (b) d) All credit transactions
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17. If the debit and credit aspects of a transaction are recorded in the cash book, it is
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a) Contra entry b) Compound entry c) Single entry d) Simple entry

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18. Wages paid for installation of machinery wrongly debited to wages account is an error of
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a) Partial omission
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c) Complete omission
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d) Duplication

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19. Errors not affecting the agreement of trial balance are
a) Errors of principle b) Errors of overcastting
c) Errors of undercasting d) Errors of partial omission

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20. Net position of an account can be ascertained from ……………….

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a) Journal b) Ledger c) Trial balance d) Balance sheet

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PART-B
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II. Answer all questions: Question No: 30 Compulsory
21. Define accounting.
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7 x 2 = 14

22. What are source documents?

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23. Classify the following into personal, real and nominal accounts.

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(a) Capital (b) Building
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(c) Carriage inwards (d) Cash
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assaa 24. What is meant by journalizing?
25. What is meant by posting?
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26. Give journal entries and post them to cash account. w
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2016 June 1 Commenced business with cash 1,10,000
28 Withdrawn for personal use 20,000
27. State whether the balance of the following accounts should be placed in the debit or the

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credit column of the trial balance:
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(i) Carriage outwards (ii) Carriage inwards
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(iii) Sales
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aaddaa
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28. Mention the subsidiary books in which the following transactions are recorded.
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(i) Sale of goods for cash w
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(iii) Purchases of goods on credit (vi) Asset purchased as credit.
29. What is bank reconciliation statement?
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30. Give the format of ‘Single column cash book’.eett
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III. Answer all questions: Question No: 40 is Compulsory
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31. Discuss briefly the branches of accounting.
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32. Give the golden rules of double entry accounting system.
33. What are the three different types of personal accounts?

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34. Prepare Furniture A/c from the following transactions

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2016 Jan 1 Furniture in hand 2,000
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1 Purchased furniture for cash 4,000
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30 Sold furniture 400

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35. The following balances appeared in the books of Kumaran on April 1, 2017.
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Assets: Cash 1,00,000; Stock 40,000; Amount due from Rohit 10,000;

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Furniture 10,000; Liabilities: Amount due to Anush 40,000;
Kumaran’s capital 1, 20,000 Find the capital and show the ledger posting for the above
opening balances.

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36. From the following particulars prepare a bank reconciliation statement of Jayakumar as on

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31st December, 2016.

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(a) Balance as per cash book 7,130
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(b) Cheque deposited but not cleared 1,000
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(c) A customer has deposited ` 800 into the bank directly
37. Prepare the trial balance from the following information:
Name of the account Rs Name of the account Rs

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Bank loan eett
2,00,000 Purchases
N N 1,80,000

l a
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a .i. Bills payable
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1,00,000 Sales
l a
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a . 3,00,000

assaa Stock
aaddaasaa
s 70,000 Debtors
aaddaassaa 4,00,000
Capital
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. P 2,50,000 Bank
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. P 2,00,000
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38. from the following transactions write up the Sales day book of M/s. Ram & Co., a stationery
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merchant.
2017 Jan. 1 Sold to Anbu& Co., on credit 20 reams of white paper @ 150 per ream

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Jan. 2 Sold to Jagadish& Sons on credit 6 dozen pens @ 360 per dozen

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Jan. 10 Sold old newspapers for cash @ 620
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assaa ssaa saa
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da

aadaa aaddaa
Jan. 15 Sold on credit M/s. Elango& Co., 10 drawing boards @ 170 per piece
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Jan. 20 Sold to Kani & Co., 4 writing tables at 1,520 per table for cash

May
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1 Cash in hand 40,000
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39. Enter the following transactions in a single column cash book of Seshadri for May, 2017.

5 Cash received from Swathi 4,000

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7 Paid wages in cash 2,000
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10 Purchased goods from Sasikala for cash 6,000
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assaa 15 Sold goods for cash 9,000

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18 Purchased computer 15,000
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22 Cash paid to Sabapathi 5,000
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28 paid salary 2,500
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30 Interest received 500

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40. “Only monetary transactions are recorded in accounting”. Explain the statement.
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PART-D

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IV. Answer all questions: (Any seven)

N Neett 7 x 5 = 35

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41. a) What is double entry system? State its advantages. [OR]
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b) Enter the following transactions in the journal of Manohar who is dealing in textiles:

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2018 March
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1 Manohar started business with cash 60,000
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10 Sold goods to Hari on credit 10,000
14 Paid Kamalesh 12,000
18 Paid rent 500

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28 Withdrew cash for personal use 4,000

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42.a) Prepare analytical petty cash book from the following particulars under imprest system:

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2017 July 1 Received advance form cashier 2,000
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PPaa P Paa

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7 Paid for writing pads and registers 100
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8 Purchased white papers 50 w
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10 Paid auto charges 200
15 Paid wages 300

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18 Postal charges 100
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21 Purchased stationery 450i
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assaa 23 Tea expenses 60
aaddaasaa
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25 Paid for speed post 150
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27 Refreshment expenses 250 w
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31 Paid for carriage 150 [OR]
b) Bring out the differences between cash discount and trade discount.

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43. a) Show the direct ledger postings for the following transactions:

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2017 June 1 Raja commenced business with cash 50,000,
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6 Sold goods for cash 8,000
a aaddaa
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8 Sold goods to Devi on credit 9,000
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15 Goods purchased for cash 4,000
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20 Goods purchased from Shanthi on credit 5,000 [OR]
b) Prepare the trial balance from the following balances of Babu as on 31st March, 2016.
Pa

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7,000 Bills receivable 7,000

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a .i. Sundry debtors
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5,400 Sundry creditors
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a . 11,800

assaa Salaries
Bad debts
aaddaasaa
s 6,800 Capital
200 Purchases
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s 25,000
45,000

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Opening stock. P 15,400 Sales w
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. P 50,000
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44 a) Prepare necessary subsidiary books in the books of Niranjan and also Sachin account and

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Mukil account from the following transactions for the month of February, 2017.
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2017
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Feb. 1 Purchased goods from Mukil Traders on credit 12,480
a l a
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assaa aa aa
Feb. 4 Goods sold to Sachin Traders on credit 15,000

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Feb. 6 Sold goods to Manish Traders on credit 12,100
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Feb. 7 Sachin Traders returned goods for which cash is not paid 1,200

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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
Feb. 14 Purchased from Mukil Traders on credit 15,200 [OR]

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b) Enter the following transactions in cash book with discount and cash column of Anand

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2017 Dec. 1 Cash in hand 19,500

ddas
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4 Sold goods for cash 32,000
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PPaa P Paa

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5 Credit purchases from Gandhi 20,000
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Discount allowed to him 200
15 Cash paid for Electricity charges 12,500

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17 Bought computer and its accessories by cash 16,800
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25 Paid cash to Gandhi 19,700 in full settlement of his account

assaa aasaa
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28 Received cash from Thiruvengadam 8,900
aadd aaddaassaa
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. P Discount allowed to him 100
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30 Paid trade expenses in cash 3,500
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45. a) Enter the following transactions in the three column cash book of Kalyana Sundaram
2017Jan. 1 Balance in hand 42,500

N Neett Balance at bank 35,000

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3 Received for cash sales 15,700
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4 Cash paid into bank 11,500
a aaddaa
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6 Cash purchases 14,300
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9 Received dividend directly by the bank through ECS 2,000
10 Pongal advance to staff paid through bank 17,000
12 Received cash from Nagarajan 11,850
Pa

N Neett and allowed him discount 150

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17 Paid Magesh in full settlement of his account 20,000 19,700
a l a
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assaa saa
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20 Cash withdrawn for personal expenses 20,000

aaddaa ad
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30 Withdrawn cash from ATM for office use 1,500 [OR] a
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b) Record the following transactions in the sales book and sales returns book of M/s. Ponni &
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Co., and post them to ledger. w
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2017 Aug 1 Sold goods to Senthil as per Invoice No. 68 for 20,500 on credit
Aug 4 Sold goods to Madhavan as per Invoice No. 74 for 12,800 on credit

N Neett N Nett
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Aug 7 Sold goods to Kanagasabai as per Invoice No. 78 for 7,500 on credi

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Aug 15 Returns inward by Senthil as per Credit Note no. 7 for 1,500 for
N N
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assaa ddaassaa
Aug 20 Sold goods to Selvam for 13,300 for cash
aa aaddaassaa
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Aug 25 Sales returns of 1,800 by Madhavan as per Credit Note No. 11 for
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46. a) From the following particulars of Raja traders, prepare a bank reconciliation statement as
on 31st January, 2018.

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(a) Balance as per bank statement 5,000
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(b) Cheques amounting to 800 had been recorded in the cash book as having been deposited

assaa aaddas
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into the bank on 25th January 2018, but were entered in the bank statement on 2nd

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February 2018.
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(c) Amount received by bank through NEFT amounting to 3,000, omitted in the cash book.
(d) Two cheques issued for 3,000 and 2,000 on 29th March 2018. Only the first cheque is
presented for payment.

N Neett lai N Neett

(e) Insurance premium on motor vehicles for 1,000 paid by the bank as per standing

l a
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instruction not recorded in the cash book.
a l a
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(f) Credit side of cash book was undercast by 700
a aaddaassaa
(g) Subsidy received directly by the bank from the state government amounting to ` 10,000,

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not entered in cash book.
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[OR]
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b) Enter the following transactions in a single column cash book of Ramalingam for month of
July, 2017. 1 Cash in hand 32,000

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5 Received from Keerthana 5,000
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6 Paid packing charges in cash 300
a l a
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7 Cash purchases 12,400
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8 Sold goods for cash 2,600
aaddaa
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10 Paid salaries to manager in cash 7,000P
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12 Purchased goods from Bose 2,500
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24 Cash deposited into bank through CDM 4,000

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27 Withdraw cash from bank 2,000

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assaa aa aa
31 Paid office rent in cash 6,000

ddaass d a
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47. a) Record the following transactions in the three column cash book of John.

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2017Dec.1 Cash balance brought forward 12,600 . P
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1 Bank overdraft brought forward 36,000
1 Advance paid to petty cashier by cheque 3,000
5 Goods sold for cash 12,000

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7 Dividend on shares collected by the banker 1,000

N Neett 13 Cash paid into Bank 10,000

N Neett
lalai .i. l l i
a .i.
14 Interest charged by the bank for bank overdraft 1,500
a l a
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assaa aa aa
18 Cheque issued to Siddique 8,000

ddaass ddaass
. . Paa
Discount received from him 200
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24 Insurance claim received by cheque and deposited into bank 17,000

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28 Cash received from Baskar 15,000
Discount allowed to him 150
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31 Deposited into Bank all cash excess of `18,600

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[OR]

lalai.i. l a
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a .i. l a
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a.
assaa aa aa
Enter the following transactions in the books of Ganesan and post them into ledger.

ddas
a s
2017 Oct 1 Started business with cash 25,000
d a
d s
a s
PPaa P Paa

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5 Deposited into bank 12,500
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10 Purchased furniture and payment by cheque 2,000
15 Goods purchased for cash 5,000
19 Sold goods to Vasu on credit 4,000

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22 Goods worth 500 taken for personal use
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aaddaassaa
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*********ALL THE BEST*************
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assaa aaddaasaa
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N Neett N Nett
e
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