AMBIENCE ACADEMY

STD 11 Commerce accountancy Roll No. :

Account
Student Name : Class :
Question 1 2 3 4 Marks Obtained Total Marks Signature of Examiner :

Marks Obtained 36 Date : 23-09-2023

SECTION A () questions of 6 marks each. ( Write Any 6 ) [36]

1. State Whether the following accounts will a debit or credit balances:
i. Rent Received.
ii. Bank Overdraft.
iii. Wages.
iv. Land and Building.
v. Commission Received.

MY
vi. Commision Paid.
vii. Rent Outstanding.
viii. Cash in Hand. DE
ix. M/s. Gupta Traders (Supplliers).
x. Drawings.
CA

xi. Capital.
xii. Prepaid Rent.
xiii.
EA

Input IGST.
xiv. Output SGST.

2. Journalise the following in the books of Amit Saini, Gurugram (Haryana):

NC

i. Goods of ₹ 5,000 were taken by him for personal use.

ii. ₹ 2,000 due from Sohan were bad debts.
BIE

iii. Goods of ₹ 6,000 were destroyed by fire and were not insured.
iv. Paid ₹ 4,000 in cash as wages on installation of machine. (GST is not to be levied).
v. Sold goods to Arjun of Delhi of list price ₹ 20,000. Trade discount @ 10% and cash
AM

discount of 5% was allowed. He paid the amount on the same day and availed the
cash discount.
vi. Received ₹ 2,000 from Ramesh, whose account was written off as bad debts.
vii. Goods costing ₹ 1,000 given as charity.
viii. Received ₹ 9,750 from Ramesh in full settlement of his account of ₹ 10,000.
ix. Paid rent in advance ₹ 4,000.
​ GST and SGST is to be levied on intra-state sale @ 6% each and IGST @ 12% on inter-
C
state sale.
3. Journalise the following transactions:
₹
Shyam became insolvent. A first and final compensation of 75 paise in a rupee was 10,
(i
received from his Official Receiver. He owed us 00
)
0
(i Received cash for bad debts written off last year. 5,0
i) 00
 (i Rent due to landlord. 8,0
ii 00
)
(i Salaries due to clerks. 10,
v 00
) 0
( Placed an order with Rakesh Mohan for the supply of goods of the list price of ₹
v 1,00,000. In this connection, Raman paid 10% of the list price as an advance by
) cheque.

4. Journalise the following transactions in the books of Bhushan Agencies:

i. Received from Bharat cash ₹ 20,000, allowed him discount of ₹ 500.
ii. Received from Vikas ₹ 35,000 by cheque, allowed him discount of ₹ 750.
iii. Received from Akhil ₹ 38,000 in settlement of his dues of ₹ 40,000 in cash.
iv. Received from Amrit ₹ 50,000 by cheque on account against dues of ₹ 60,000.
v. Paid cash ₹ 40,000 to suresh, availed discount of 2%.
vi. Paid by cheque ₹ 25,000 to Mehar and settled her dues of ₹ 26,000.
vii. Paid ₹ 25,000 to Yogesh by cheque on account.

MY
viii. Purchased goods costing ₹ 1,00,000 against cheque and availed discount of 3%.
ix. Purchased goods costing ₹ 60,000 from Akash & Co., paid 50% immediately

x.
availing 3% discount. DE
Sold goods of ₹ 30,000 against cheque allowing 2% discount.
xi. Sold goods of ₹ 60,000 to Vimal received 50% of due amount allowing 2%
CA
discount.

5. Journalise the following transactions of Mr. Rahul:

EA

2019 ₹
Jan. 1 Rahul started business with cash 1,00,0
NC

00
Jan. 2 Paid into bank 60,000
Jan. 3 Bought goods from M/s. Singh & Co. 20,000
BIE

Jan. 3 Paid cartage 300

Jan. 4 Purchased furniture 2,000
AM

Jan. 4 Placed an order for HP Printers for ₹ 15,000, amount advanced 5,000
Jan. 4 Purchased calculator 1,000
Jan. 4 Purchased computer through cheque 13,000
Jan. 6 Paid for postage 150
Jan. Sold goods for cash 4,000
8
Jan. 9 Sold goods to M/s. Sharda & Co. 10,000
Jan. 9 Paid cartage 200
Jan. Paid to M/s Singh & Co. on account 17,500
15
Jan. Sold goods to M/s. Ray & Co. 5,600
25
Jan. Received cheque from M/s. Sharda & Co. in full settlement of amount due 9,750
27 from them
Jan. Paid for electricity charges 1,000
31
 Jan. Paid salary 1,500
31
Jan. Paid rent of building by cheque, half of the building is used by the proprietor 5,000
31 for residential use
Jan. Drew for private use 3,500
31

6. Journalise the following entries:

i. Goods costing ₹ 500 given as charity.
ii. Sold goods to Mayank of ₹ 1,00,000, payable 25% by cheque at the time of sale
and balance after 30 days of sale.
iii. Received ₹ 975 from Harikrishna in full settlement of his account of ₹ 1,000.
iv. Received a first and final dividend of 60 paise in a rupee from the Official Receiver
of Rajan, who owed us ₹ 1,000.
v. Charge interest on Drawings ₹ 1,500.
vi. Sold goods costing ₹ 40,000 to Anil for cash at a profit of 25% on cost less 20%
trade discount and paid cartage ₹ 100, which is not to be charged from customer.
7. Journalise the following:

MY
201
7
DE
Marc Purchased building for ₹ 1,50,000 and incurred expenses of ₹ 10,000 on its
h 4 purchase.
CA
Marc Satish who owed us ₹ 20,000 is declared insolvent and 60 paise per ₹ is received
h 10 from his estate.
Marc Paid ₹ 500 for repairing the office furniture.
EA

h 15
Marc Proprietor withdrew for his personal use cash ₹ 5,000 and goods worth ₹ 2,000.
h 18
NC

Marc Purchased the following items for business: Iron Safe ₹ 15,000; Filing Cabinet ₹
h 20 5,000; Computer ₹ 12,000; Postage ₹ 200 and Stationery ₹ 150
BIE

Marc Paid electricity charges ₹ 1,600.

h 28
Marc Charge depreciation on Machinery @ 10% for one year (Machinery ₹ 75,000).
AM

h 31
Marc Outstanding wages at the end of the year ₹ 6,000.
h 31

8. Pass entries in the books of Devdhar & Bros. Odisha, assuming all transactions have been
entered within the state, charging CGST and SGST @ 9% each:
2018
March 4 Purchased goods for ₹ 5,00,000 from Sunil Bros.
March 7 Goods returned to Sunil Bros. for ₹ 20,000
March 10 Sold goods to Mehta & Co. for ₹ 8,00,000
March 12 Goods returned by Mehta & Co. for ₹ 30,000
March 20 Goods withdrawn by Proprietor for personal use ₹ 10,000
March 25 Goods distributed as free samples ₹ 5,000
March 26 Paid advertisement expenses by cheque ₹ 20,000
March 31 Payment made of balance amount of GST.

9.
 Prepare a Cash Book with Cash and Bank columns from the following information for the
month of December 2011 in the Books of O'Neil:
20
16
De Cash in Hand ₹ 2,780; Bank Overdraft ₹ 3,125
c. 1
De Cheque worth ₹ 400 issued to the petty cashier
c. 2
De ₹ 350 was paid to Hari & Sons for the supply of stationery on this day
c. 5
De Received a cheque worth ₹ 600 from Pramod against sale of goods
c. 7
De Received ₹ 1,200 for sale of goods
c.
10
De The cheque which was received from Pramod on 7th December was endorsed as
c. favour of Morgan together with ₹ 1,400 in cash

MY
11
De Received ₹ 950 from Sheila
c.
15 DE
De Murarilal paid ₹ 2,000 in cash and ₹ 3,000 in cheque after receiving a discount of ₹
c. 200 for goods sold to him in November. The cheque was immediately deposited into
CA

23 the Bank
De Bought goods worth ₹ 1,700 from Rustom and paid by cheque after receiving a
EA

c. discount of ₹ 170
26
De Interest on overdraft ₹ 50 was charged by the Bank
NC

c.
30
BIE

De Cash in excess of ₹ 1,000 was deposited into the Bank

c.
30
AM

SECTION B () questions of 4 marks each. [0]

1. Prepare Returns Inward and Return Outward Books of Manoj, Mumbai from the following
transactions and post them into Ledger Accounts:
 MY
DE
CA

SECTION B () questions of 6 marks each. [0]

EA

2. Determine the missing values of the Cash Book with Bank Column of Poushali on the basis
of following transactions:
NC

201 ₹
9
BIE

Marc Cash in Hand 2,20,

h1 000
Cash at Bank 60,0
AM

00
Marc Deposited in Bank 80,0
h3 00
Marc Goods purchased and issued a cheque for the same 34,0
h4 00
Marc Cash Purchases 16,0
h7 00
Marc Paid Commission by cheque 12,0
h8 00
Marc Withdrew from bank for personal use 2,50
h9 0
Marc Received from Ved in full settlement of his account of ₹ 6,000, half of
h 12 the amount was deposited into bank on the same day
Marc Interest collected by Bank 14,0
h 16 00
Marc Cash Sales 42,0
h 20 00
 Marc Salaries paid 40,0
h 22 00
Marc Goods sold to Mona & Co. 36,0
h 22 00
Marc Received cheque from Mona & Co. after discount of ₹ 300 35,0
h 23 00
Marc Deposited the cheque received from Mona & Co. into Bank
h 26

MY
3. DE
Prepare Two-column Cash Book from the following transactions of Mani, Kochi:
201
CA

9
Mar Cash in Hand ₹ 15,000; Cash at Bank ₹ 5,000
EA

ch 1
Mar Purchased goods for cash ₹ 6,720 including CGST and SGST @ 6% p.a; received
ch 3 discount of ₹ 220
NC

Mar Deposited into bank ₹ 5,000

ch 5
Mar Cash sales ₹ 10,000 plus CGST and SGST @ 6% each
BIE

ch 7
Mar Cash withdrawn from Bank for Office use ₹ 2,000
AM

ch
10
Mar Received three months post dated cheque of ₹ 20,000 from Raj and deposited in the
ch bank on the same day, discounted from bank paying discounting charges ₹ 750
15
Mar Received cheque from Deepak for ₹ 5,000 (not banked), allowed discount ₹ 200
ch
18
Mar Cheque received from Deepak deposited in Bank
ch
20
Mar Paid to Chandra by cheque ₹ 2,500; received discount ₹ 100
ch
22
Mar Withdrew from bank for personal use ₹ 1,000
ch
25
Mar Sold goods on credit to Ashok Mitra, Kolkata ₹ 10,000, charged IGST @ 12%
ch
28
Mar Purchased goods on credit from Chander, Delhi ₹ 20,000, paid IGST @ 12%
ch
30
Mar Received cheque from Ashok Mitra ₹ 5,000 and deposited in bank, allowed cash
ch discount ₹ 200
31

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MY
DE
CA
EA
NC
BIE
AM