SECOND PERIODIC EXAMINATION 2019-2020

SUBJECT – ACCOUNTANCY (055)

TIME: 60 MIN. CLASS – XI MAX.MARKS : 28
General Instructions :
(i) All questions are compulsory.
(ii) Attempt all parts of a particular question at one place.
(iii) Marks are indicated against each question.
(iv) Select the best one correct option in case of Multiple choice (1 Mark) Questions.
(v) Draw proper format for journal and ledger accounts.
PART- B : FINANCIAL ACCOUNTING - II
Q.NO QUESTIONS MARKS
.
1. If closing stock appears in Trial Balance then it will be appearing in: 1
(a) Trading Account (b) Balance Sheet
(c) Profit & Loss Account (d) Trading Account & Balance Sheet.

2. Accrued Income is : 1
(a) A liability (b) Revenue
(c) An Asset (d) An Expense.

3. Income Tax in case of Sole Trader is treated as 1

(a) Personal Expenses (b) Debtors Expenses
(c) Business Expenses (d) None of the above.

4. Which accounting principle is ignored under Single Entry and followed 1

under Double Entry System?

5. When closing capital is less than opening capital , it denotes: 1

(a) Profit (b) Loss
(c) Loss , if there is no drawing (d) None of the above.

6. Name any two Application software. 1

7. What is Humanware? 1
8. Give Journal entries for the following adjustments in final accounts charging 3
CGST and SGST @ 6% each.
(1) Closing Stock ₹80000.
(2) Outstanding Rent ₹20000.
(3) Goods costing ₹10000 (Market Value ₹11000) were taken by
Proprietor for personal use.
9. Following incomplete information is available from records maintained by 4
Mr. Tarun: (in ₹ )

Particulars 01.04.2018 01.04.2019

Cash 1000 1500
Bank 8000 10000
Debtors 10000 12000
Stock 7000 6000
Machinery 20000 20000
 Creditors 11000 10000
Bank Loan 12000 12000
During the year Mr. Tarun introduced in the business the amount realised
from the sale of ₹10000 investments at a premium of 5%. Personal Expenses
of Mr. Tarun paid from business account amounted to ₹1250 per month.
Prepare Opening Statement of Affairs, Closing Statement of Affairs and
Statement of the Profit & Loss for the year.
OR
Differentiate between Double Entry System and Incomplete Records on the
basis of (a) Trial Balance, (b) Reliability and (c) Proof (d)Financial Position.
Differentiate between Mannual Accounting and Computerised Accountancy
10. System. (any three points) 6
OR
Explain the various types of Software with suitable examples.
11. Fiil in the missing figures in the following : 8
Trading and Profit & Loss Account
Dr. For the year ending 31st March 2019. Cr.
Particulars ₹ Particulars ₹
To Opening Stock ______ By Sales
_ _______
To Purchases ______ Less Sales _____
_______ Returns 5000
Less Pur Returns 1000 ______ By Closing Stock _____
To carriage in 200
To Wages 1800
To Gross Profit c/d 27000
---------- 125000
______ _______
_
To Rent By Gross Profit b/d ---------
5100
To Insurance By Commission 1500
600
To Salaries 12500
Add o/s Salaries ____ ______
_
To Bad Debts 200
Add Further B/D 100
____
Add New ProvisionFor
Bad & D/Debts 600
__
____
Less Old Provision
For Bad & D/Debts500
______
____
To Provision For 388
Discount on Debtors
To Depreciation On
 Building ____
Furniture _____ ______
To Net Profit c/d ______
---------- ---------
______ _______

Balance Sheet
as at 31st March 2019
Liabilities ₹ Assets ₹
Bills Payables 3500 Cash In Hand _____
Sundry Creditors Cash At Bank 25000
____
O/s Salaries 1000 Sundry Debtors
20100
Capital Less Further B/D
______ ____
Add Net Profit
_____ 85562 _____
Less Provision for
Bad & D/Debts
____

____
Less Provision For
Dis. On Debtors _______
___
Closing Stock _______
Furniture
7000
Less Dep. ______
700
Building
______
Less Dep. 42750
2250
118062 118062
--------- ---------
-

OR
Prepare Trading and Profit & Loss a/c of M/S Green Club Ltd. For the
year from the following figures taken from his trial balance:
Debit balances ₹ Credit balances ₹
Opening Stock 125000 Sales 250000
Purchases 35000 Purchases Returns
 6000
Return Inward 25000 Creditors
55000
Postage 600 Capital
50000
Salary 12300 Discount received
1000
Wages 3000 Provision for D/Debts
4500
Rent and Rates 1000 Commission received
5400
Packing and Transport 500
General Expenses 400
Insurance 4000
Debtors 50000
Cash in hand 20000
Closing Stock 40000
Machinery 20000
Lighting 5000
Discount 3500
Bad- debts 3500
Investments 23100
371900 371900
--------- ---------
- --

Adjustments:-
(1) Depreciation charged on Machinery @ 5% p.a.
(2) Further Bad- debts ₹1500. Provision for discount on Debtors
@ 5% and Provision for doubtful debts on Debtors @ 6%.
(3) Wages prepaid ₹1000.
(4) Interest on Investments @ 5% p.a.
 MARKING SCHEME
Question No. Answer Marks
1 b 1
2 c 1
3 a 1
4 Dual Aspect Principle 1
5 c 1
6 Excel and Tally 1
7 People who design data, write programs to implement 1
data and who participate in operating the computer are
known as Humanware.
8 (1) Closing stock a/c Dr.80000 1x3=3
To Trading a/c 80000
(2) Rent a/c Dr. 20000
Input CGSTa/c Dr 1200
Input SGSTa/c Dr. 1200
To O/S Rent a/c 22400
(3)Drawings a/c Dr 11200
To Purchases a/c 10000
To Input CGST a/c 600
To Input SGST a/c 600

9 Opening Capital Fund = 23000 1+1+2=4

Closing Capital Fund =27000
Profit =9000
OR
Correct difference of each basis (1 mark each)
10 Correct explaination of each point of difference 2x3=6
OR
Readymade, Customised and Tailor -made software
11 15000 110000 8
82000 105000
125000
1000 13500 27000
300
900 400
2250
700 2950
5562
28500 28500
Balance Sheet
5000
28000
80000 100
5562 20000
600
19400
388 19012
20000
 6300
45000
OR
GP =69000
NP =42565
B/S Total=147565
*********
 SECOND PERIODIC EXAMINATION 2019-2020
SUBJECT – BUSINESS STUDIES (054)
TIME: 90 MIN. CLASS – XI MAX.MARKS : 40
General Instructions :
 (i) All questions are compulsory.
(ii) Attempt all parts of a particular question at one place.
(iii) Marks are indicated against each question.
(iv) Select the best one correct option for Mutiple Choice Questions.

Q.NO. QUESTIONS MARKS

1. 1

2. 1

3. 1

4. 1

5. 1

6. 1

7. 1

8. 1

9. 1

10. 1

11. 3

12. 3

13. 4

14. 4

15. 5

16. 5

17. 6