XI - ACCOUNTANCY

MODEL PROBLEMS

UNIT 3.BOOKS OF PRIME ENTRY

1. Accounting Equation

Assets = Capital + Liabilities

2.Identify - Personal, Real & Nominal Accounts. 3.Journal entries

UNIT 4.LEDGER

1. Journal entries to Ledger. 2. Compound journal entries to Ledger

3. Opening journal entries to Ledger. 4. Direct Ledger

UNIT 5. TRIAL BALANCE

1. Identify the balance placed in the debit or credit column of the trial balance

2.Debit and Credit are equal. 3.Debit and Credit are not equal open suspense account

4.Redrafted trial balance

UNIT 6.SUBSIDIARY BOOKS-I

1. Purchases book. 2. Sales book. 3. Purchases returns book. 4. Sales returns book

5. Bills receivable book. 6. Bills payable book

UNIT 7. SUBSIDIARY BOOKS-II

1. Single column cash book. 2. Double column cash book

3. Three column cash book. 4. Petty cash book

UNIT 8. RECONCILIATION STATEMENT

1. Balance as per cash book to Balance as per bank statement

2. Balance as per bank statement to Balance as per cash book

3.Overdraft as per bank statement to Overdraft as per cash book

4. Overdraft as per cash book to Overdraft as per bank statement

UNIT 9. RECTIFICATION OF ERRORS

1. Before preparation of trial balance

(i)Single side errors - Small explanation (ii) Double side errors - Rectification entries

2. While preparing trial balance

(i)Single side errors - Small explanation (ii) Double side errors - Rectification entries

3. After preparing trial balance but before preparing final accounts

(i)Single side errors - Rectification journal entries using suspense account

(ii) Double side errors - Rectification entries

4. After preparing final accounts

(i). Rectification entries - Using suspense account is not necessary

Depreciation Accounting

1. Amount of depreciation 2. Rate of depreciation 3. Find out profit or loss ( Working notes only )

3. Journal to Ledger (i) Assets account (ii) Depreciation account

* Straight line method * Written down value method

UNIT 11.CAPITAL AND REVENUE TRANSACTION

1.Capital. (1).Expenditure (2).Receipts 2. Revenue (1).Expenditure (2).Receipts

3. Deferred revenue expenditure

12. FINAL ACCOUNTS OF SOLE PROPRIETORS-1

1. Trading & Profit and loss account 2. Balance sheet

13. FINAL ACCOUNTS OF SOLE PROPRIETORS - II

1. Trading & Profit and loss account. 2. Balance sheet

Adjustments: 1. Closing stock 2. Outstanding expense 3. Prepaid expenses 4. Accrued income.

5. Income received in advance 6. Interest on capital 7.Interest on drawings 8. Interest on loan. 9.
Interest on investment. 10. Depreciation. 11.Bad debts 12. Provision for doubtful debts. 13.
Provision for discount on debtors 14. Income tax 15. Manager's commission.

(i)Adjusting entries (ii) Transfer entries

Prepared by : N Ravichandran

PG Commerce - 9789665166