PRAFUL SIR’S MOCK TEST PAPER

XI COMMERCE , CBSE
ACCOUNTANCY ( 055 )
UNIT TEST 2023-24 SET : FP/E/23-24 Max. Marks : 50
CHAPTER : 12 , 15 , 17 & 18 ROUND I Max. Time : 2 Hr

Q.No. Question Marks

1. Final Account is prepared : 1
(a) For the year ending 31st December
(b) As at 31st December
(c) For the accounting year
(d) As at the end of accounting year

2. A machinery which costs ₹ 2,00,000 is depreciated at 25 % per year using 1

the Written Down Value Method . At the end of three years , it will have
net book value of :
(a) ₹ 1,50,000 (b) ₹ 84,375
(c) ₹ 1,12,500 (d) ₹ 1,00,000

3. Purchase of office furniture for ₹ 1200 was debited to the General 1

Expenses Account . It is …………………..type of error .

4. Cost of goods sold is ₹ 2,25,000. If a firm earns 25 % gross profit on sales , 1

it sales will be …………………

5. Trading A/c & Profit/Loss A/c is a ……………………….. ( Ledger / Statement ) 1

6. Define Error of omission . Also support your answer with an example . 1

7. Define Intra-state GST . 1

8. A machine costing ₹ 20,000 is depreciated @ 10 % using written down 1

value method , amount of depreciation of third year will be …………………

9. State with reason whether the following statement is an asset for the firm 1
or liability .
(a) Debit balance as per pass book
(b) Bank overdraft as per cash book
10. Pick the odd one out : 1
(a) Sales
(b) Sales Return
(c) Carriage outward
(d) Return outward

11. Define Accountancy . 1

12. Sold goods costing ₹ 40,000 to Sohan at a profit of 25 % on cost less 10 % 1

Trade Discount plus CGST and SGST @ 6 % each. He was allowed 2 % cash
discount if payment is received within 10 days, however, he paid cheque
immediately payable after 4 days. Journalise the above .

13. Pass the necessary journal entries to rectify the following errors : 3
(i) A credit sales of ₹ 2,000 to Arun was posted to Varun’s A/c .
(ii) Sale of old plant to Amar for ₹ 3,500 was recorded as ₹ 5,300 .
(iii) Repair of furniture was debited to furniture A/c ₹ 700 .

14. Pass necessary journal entry for the following : 3

a) Anjan , a customer , to whom goods were sold , was allowed rebate of ₹
2,000 because they were of poor quality . These goods were sold charging
CGST and SGST @ 6 % each .
b) Sold goods costing ₹ 1,00,000 to Anil of Delhi at a profit of 25% on sales
less 20% Trade discount plus CGST and SGST @ 6% each and paid cartage
₹ 250 ( Not to be charged from customer )
c) Received a first and final dividend of 70 paise in the rupee from the
official receiver of Rajagopal who owed us ₹ 7,000 .
d) Goods worth ₹ 10,000 ( purchase cost ) damaged by fire and Insurance
company accepted claim of ₹ 8,000 and cheque is received from the
Insurance Company .
e) Goods purchased for ₹ 5,000 were used by the proprietor for personal
use .

15. The Trial Balance of Kumar was out by excess credit ₹ 2,290 . The 4
difference was put to suspense a/c and following errors were subsequently
discovered. Rectify them and prepare suspense A/c :
a) Goods costing ₹ 500 had been returned by Rajesh . It is taken into
stock but no entry has been passed.
b) Depreciation on plant ₹ 2,000 has not been posted to depreciation
A/c.
 c) Mohan was paid ₹ 4,000 but Sohan was wrongly debited by ₹ 3,000.
d) An item purchases of ₹ 250 from Ram has been posted from
purchases book to his account as ₹ 550.
e) Goods sold to Amar ₹ 1,000 has been passed through Purchases
Book , however account of Amar has been correctly debited.
f) Sale of ₹ 540 to Raja was credited to him ₹ 450.
g) Sale of ₹ 1,350 to Mohit was entered in the Sales Book as 1,530.

16. The following balances are taken from the books of M/s Niranjan . You are 5
required to prepare Trading A/c , Profit & Loss A/c and Balance Sheet for
the year ending 31-03-2021

Particulars Debit (₹) Credit (₹)

Capital 1,20,000
Opening Stock 45,000
Furniture 1,500
Sales 4,35,000
Purchase Return 4,000
Rent 5,000
Salaries 24,000
Bad Debts 1,000
Debtors 40,000
Bad Debt Reserve 800
Advertisement Expenses 6,000
Patents 4,800
Drawings 21,000
Plant & Machinery 24,000
Purchases 2,95,000
Insurance 1,500
Sales Return 7,000
Trade Expense 2,000
Wages 40,000
6 % p.a. Investment 50,000
Sundry Creditors 19,000
Cash 12,200
Miscelleneous Receipt 1,200
Total 5,80,000 5,80,000
Closing Stock ₹ 75,000 .
17. Mohan Ltd. bought a machinery for ₹ 1,00,000 on 1st July , 2017 . 5
Depreciation was provided @ 10 % p.a. on reducing balance method . On
31st December, 2019 , one fifth of the machinery was damaged due to
accident and could fetch only ₹ 5,000 . It was decided to buy a new
machine to replace the damaged one at a cost of ₹ 30,000 on 1st January ,
2020 . Prepare Machinery A/c for 3 years assuming that accounts are
closed on 31st March each year.

18. Rectify following errors using Suspense A/c if required : 6

a) A bad debt written off ₹ 500 were not posted to bad debts account.
b) Bought goods from Arun ₹ 1,000 were posted to Varun’s A/c.
c) Cash received from Ram ₹ 500 and Amar ₹ 700 were credited as
Ram ₹ 700 and Amar ₹ 500 .
d) Depreciation on plant ₹ 900 were not posted to Depreciation A/c.
e) An amount of ₹ 2,000 due from Sohan was written off last year. The
amount was fully realised and credited to him.
f) Sales written book is undercast by ₹ 1,000.
g) Goods lost by Fire ₹ 2,500 is debited to Suspense A/c.

19. X Ltd. purchased a machine on 1st June , 2017 for ₹ 1,00,000 . Addition 6
were made on 1st October , 2017 for ₹ 80,000 and again on 1st July , 2018
with machine costing ₹ 60,000 .
On 1st January , 2019 ; one fourth of the machine bought on 1st June , 2017
was sold for ₹ 17,000 as it was damaged .
Show how the machinery account would appear in the books from 2017 to
2019 if depreciation is charged @ 12 % p.a. by original cost method and
books are closed as per calendar year .

20. From the following Trial Balance of Ashoka Timber Merchant , Prepare 6
Final Account for the year ended 31st March , 2020:
Name of Accounts Debit (₹) Credit (₹)
Stock (1-4-2019) 20,000
Drawing and Capital 14,000 54,000
Debtors and Creditors 27,300 24,500
Purchases and Sales 1,73,000 2,77,500
Returns 2,500 1,000
Discount 2,400 1,600
Stock (31-3-2020) 38,600
 Bad Debts & Provision for Bad Debts 2,400 3,000
Wages and Salaries 24,000
Carriage 4,700
Productive Expenses 5,300
Rent , Tax & Insurance 4,425
Furniture and Fixture 12,000
Output IGST 1,400
Output CGST 1,800
Output SGST 1,800
Apprentice Premium 3,000
Bills Receivable and Bills Payable 14,575 5,400
Cash at Bank 7,200
Investments 17,000
Bank Charges 300
Input IGST 800
Input CGST 2,000
Input SGST 2,000
3,75,000 3,75,000

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