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CBSE Class 11 Pre Board 2021 : Accountancy - Annual Final (CBSE Gulf Sahodaya Qatar Chapter, Doha)

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Annual Examination, 2020 2021 Accountancy Grade: 11 Date: 10.02.2021 Time: 3 Hours Max. Marks: 80 General Instructions: 1. This question paper consists of 7 printed pages. 2. This question paper comprises two Parts A and B. There are 32 questions in the question paper. All questions are compulsory. 3. Question nos. 1 to 13 and 22 to 28 are very short answer type questions carrying 1 mark each. 4. Question nos. 14 and 30 are short answer type I questions carrying 3 marks each. 5. Question nos. 15 to 18 and 31 are short answer type II questions carrying 4 marks each. 6. Question nos. 19, 20 and 32 are long answer type I questions carrying 6 marks each. 7. Question nos. 21 and 32 are long answer type II questions carrying 8 marks each. 8. There is no overall choice. However, an internal choice has been provided in 2 questions of three marks, 2 questions of four marks and 2 questions of eight marks. Part-A Financial Accounting- I 1. A machinery which costs 5,00,000 is depreciated at 20% per year using the W. D. V [1] method. At the end of three years, it will have a net book value of: a) 3,50,000 b) 2,50,000 c) 4,00,000 d) 3,20,000 2. A contra entry is an entry that involves: a) A cash account as well as sales account b) A bank account as well as discount account c) A cash account as well as bank account d) A cash account as well as discount account 3. Nominal accounts are related to: a) Assets and liabilities b) Expenses and revenues c) Debtors and creditors d) None of these Which of the following will not be recorded in the books of account? 4. a) Sales of goods b) Payment of salary c) Quality of staff d) Purchase of goods Page 1 of 7 [1] [1] [1] 5. On inter-state purchase of goods, which of the following GST is levied? a) IGST c) CGST [1] b) IGST and CGST d) SGST 6. The nature of accrued income is : [1] a) revenue b) expense c) liability d) asset 7. What is the rule for Asset account? [1] 8. Noting charges account is debited by [1] a) Drawer b) Drawee c) Payee d) Endorsee 9. Journal is called a book of [1] a) Primary Entry b) Secondary Entry c) Final Entry d) None of these 10. Debit Balance in the Cash Book is equivalent to a) Overdraft as per Pass Book b) Credit Balance as per Pass Book c) Overdraft as per Cash Book d) None of these. 11. A Balance Sheet is: 12. [1] a) Statement b) Summary c) An Account d) None of these Interest on drawings is an a) Asset b) Income c) Expense d) None of them [1] for a proprietor. [1] 13. Goods costing Rs 1,80,000 sold at a loss of 10% on cost, then sales account will be [1] credited of Rs ----------------. 14. Explain any two of the following concepts: (i) Money Measurement Concept. (ii) Business Entity Concept. (iii) Matching Concept. OR Define Accounting standards. Explain its any two objectives. Page 2 of 7 [3] 15. Prepare Bank Reconciliation Statement as on 30th September 2016 from the following particulars: (i) Bank Balance as per Pass Book - 10,000 (ii) Cheque deposited into bank but no entry was passed in Cash Book 500. (iii) Cheque received and entered in Cash Book but not sent to bank 1,200. (iv) Insurance premium paid directly by the bank 800. (v) Bank charges entered twice in the cash book 20. (vi) Cheque received entered twice in Cash book 1,000.Bill discounted dishonoured not recorded in the cash book 5000. [4] 16. Prepare Accounting Equation from the following:- [4] 1. 2. 3. 4. 5. 6. Particulars Sandeep started business with Cash Purchased furniture for cash Purchased goods for cash Purchased goods on credit Paid for rent Goods costing 40,000 sold at a profit of 20% for cash ( ) 1,00,000 5,000 20,000 36,000 700 17. Enter the following transactions in the Cash Book with Cash and Bank Columns: Particulars 01 Commenced business with cash 50,000 03 Opened bank account with ICICI 30,000 05 Purchased goods for cash 10,000 10 Purchased office machine for cash 5,000 15 Sales goods on credit from Rohan and received cheque 7,000 18 Cash sales 8,000 20 Rohan s cheque deposited into bank 22 Paid cartage by cheque 25 Cash withdrawn for personal use 2,000 30 Paid rent by cheque 1,000 500 Page 3 of 7 [4] 18. Prepare a Trial Balance from the following balances as at 31st March 2017 : Particulars Stock on 1-4-2016 Purchases Sales Wages Salaries Repair Charges Commission Received Sundry Debtors Sundry Creditors Capital Drawings ( ) 28,800 82,000 1,60,000 16,160 6,400 500 800 24,200 7,300 90,000 4,400 Particulars Returns Inwards Returns Outwards Carriage Inwards Carriage Outwards Furniture Motor Car Cash in Hand Bank Overdraft Investments Interest on Investments 19. Journalise the following transactions: (a) 5,000 due from Ramesh are irrecoverable. (b) Received cash for a bad debt return off last year 25,000 (c) Rent due to landlord 40,000. (d) Depreciation on office furniture 5,000. (e) Salaries due to staff 50,000. (f) Goods uninsured of 1000 (purchase cost) were destroyed by fire. [4] ( ) 7,500 5,600 1,640 3,200 12,000 80,000 4,700 25,400 20,000 2,400 [6] OR Journalise the following entries: (i) (ii) Goods costing 500 given as charity. 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) Mohit became insolvent. A first and final 75 paise in a rupee was received from his official receiver. He owed a debt of 50,000. (iv) Charge interest on drawing 1,500. (v) Salaries due to clerks 10,000. (vi) Received appear cash forinbad off Brothers: 5,000. 20. Following [6] balances the debts booksreturn of Priyank 1st April, 2016 Machinery A/c 20,00,000 Provision for Depreciation A/c 8,00,000 On 1st April, 2016, they decide to sell a machine for 5,00,000. This machine was purchased for 7,50,000 on 1st April, 2013. Prepare the Machinery Account and Provision for Depreciation Account for the year ended 31st March, 2017 assuming that the firm has been charging Depreciation @ 10% p.a. on the Straight Line Method. Page 4 of 7 21. On 1st January, 2019 A drew a bill on B for 10,000 payable after 3 months. B accepted [8] the bill and returned it to A. After 10 days, A endorsed the bill to his creditor C. On the due date the bill was dishonoured and C paid 50 as noting charges. Record the transaction in the books of A, B and C. OR A purchases goods worth 6,200 from B and gives him his acceptance for 6,000 in full satisfaction. B purchases goods worth 10,000 from C and endorses the bill to him, paying the balance by cheque. On maturity the bill is dishonoured, noting charges amounted to 100. Give the journal entries in the books of A, B and C. Part B Financial Accounting- II 22. Patents is a [1] (a) Fictitious asset (b) Tangible asset (c) Intangible asset (d) Expense 23. Which type of expenses are shown in Profit and Loss Account? (a) Direct Expenses (b) Indirect Expenses (c) Opening Expenses (d) Direct and Indirect Expenses 24. Revenue Expenditure is transferred to [1] [1] (a) Profit and Loss A/c (b) Trading and Profit and Loss A/c (b) Balance sheet (d) None of these 25. If the wages paid Rs. 4000 and outstanding wages Rs. 500. The amount of wages shown in Trading account will be: (a) Rs. 4500 (c) Rs 500 (b) Rs. 3500 ( d) None of these 26. Balance Sheet is prepared to know [1] [1] (a) Financial Performance (b) Financial position (c) Liabilities Position (d) Assets Position 27. Single entry system of bookkeeping is? (a) Inaccurate (b) Unscientific (c) Unsystematic (d) All of the above Page 5 of 7 [1] 28. Statement of affairs is prepared to- [1] (a) Know about assets (c) Calculate capital (b) Know about liabilities (d) Know financial position. 29. Calculate Gross Profit on the basis of the following information: [3] Particulars Purchases 6,80,000 Return Outwards 30,000 Carriage Inwards 20,000 Carriage Outwards 15,000 Wages 50,000 3/4 of the goods are sold for 6,00,000.? 30. omputerised Accounting is much better than Manual Accounting . Justify this statement [4] by giving a comparison of Manual Accounting and Computerised Accounting. OR Explain the advantages and disadvantages of Computerised Accounting. 31. Keith, a general merchant, keeps his accounts on Single Entry System. He wants to [6] know the results, of his business on 31st March, 2019 and for that following information is available: Particulars 1st April, 2018 ( ) Cash in Hand Bank Balance Furniture Stock Creditors Debtors 1,50,000 7,50,000 1,00,000 5,00,000 3,50,000 2,50,000 31st March, 2019 ( ) 1,75,000 8,00,000 1,00,000 6,50,000 4,00,000 3,00,000 During the year, he had withdrawn 5,00,000 for his personal use and invested 2,50,000 as additional capital. Calculate his profits on 31st March, 2019 and prepare the Statement of Affairs as on that date Page 6 of 7 32. Prepare Trading and Profit and Loss Account and Balance Sheet from the following balances, relating to the year ended 31st March, 2019: Particulars Capital Creditors Returns Outward Sales Bills Payable Plant and Machinery Sundry Debtors Drawings Purchases Returns Inward 1,00,000 12,000 5,000 1,64,000 5,000 40,000 24,000 10,000 1,05,000 3,000 Particulars Wages Bank Repairs Stock on 1st April, 2018 Rent Manufacturing Expenses Trade Expenses Bad Debts Carriage Fuel and Power Additional Information: (i) Closing Stock was valued at 14,500. (ii) Depreciate Plant and Machinery by 4,000. (iii) Write off Bad Debts 5,000. (iv) 400 is due for repairs. Page 7 of 7 50,000 10,000 500 20,000 4,000 8,000 7,000 2,000 1,500 1,000 [8]

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