
	Trending ▼ ICSE CBSE 10th ISC CBSE 12th CTET GATE UGC NET Vestibulares ResFinder

CBSE Class 11 Pre Board 2020 : Accountancy (Delhi Public School (DPS), Jammu)

10 pages, 100 questions, 0 questions with responses, 0 total responses,

	Cbse 11	+Fave Message
	Profile Timeline Uploads

Home > cbse11 > F Also featured on: School Page udish

Instantly get Model Answers to questions on this ResPaper. Try now!
NEW ResPaper Exclusive!

Formatting page ...

DELHI PUBLIC SCHOOL, JAMMU FINAL ASSIGNMENT ACCOUNTANCY Q1 Show the accounting equation on the basis of following transactions and present a final Balance Sheet. Rs. Q2. (i) Madam Rathore commenced a business 35,000 (ii) Purchased goods on credit 7,000 (iii) Withdrawn for private use 850 (vi) Purchased goods for cash 5,000 (v) Paid wages 150 (vi) Paid to creditors 5,000 (vii) Sold goods on credit (cost price Rs. 6,000) 7,500 (viii) Sold goods for cash (cost price Rs. 1,500) 2,000 (ix) Purchased furniture 250 (x) Received from debtors 7,500 (xi) Allowed interest on capital 175 Using following balances and transaction show accounting equation: cash Rs. 6,000, Bank Balance Rs. 1,500, Debtors Rs. 3,000, Goods Rs. 4,500. Furniture Rs. 3,000, Creditors Rs. 5,250 and Capital Rs. 12,,750 (i) Purchase goods for cash 1,500 (ii) Purchased goods from Ram Saram 1,500 (iii) Returned goods to Ram Saram 300 (iv) Bad Debtors 750 (v) Goods lost by fire 750 (vi) Amount received by cheque from debtors 1,500 (vii) Goods costing Rs. 3,000 sold at 20% profit, half the amount received in cash (viii) Purchased goods for cash Rs. 2,250 and on credit for Rs. 1,500 (ix) Paid to creditors by cheque Rs. 1,500 (x) Interest allowed on capital Rs. 750 Q3. Q4. Create an Accounting Equation on the basis of the following transactions: (i) Started business with cash 1,20,000 (ii) Purchased goods for cash 10,000 (iii) Rent received 5,000 (iv) Salary outstanding 2,000 (v) Prepared Insurance 1,000 (vi) Received interest 700 (vii) Sold goods for cash (costing Rs. 5,000) 7,000 (viii) Goods destroyed by fire 500 Journalize the following transaction of M/s K.L. Jain Agencies: 2018 Q5. Apr. 1 Started business with cash 50,000 Apr. 1 Purchased furniture for cash and paid IGST @ 12% 10,000 Apr. 2 Purchased goods for cash and IGST was charged @ 5% 10,000 Apr. 2 Sold goods for cash and charged IGST @ 5% 4,000 Apr. 4 Purchased goods from sharad 10,000 Apr. 8 Paid to sharad 4,000 Apr. 16 Sold goods to Anil 4,000 Apr. 18 Paid electrically bill 200 Apr. 20 Paid rent for the month 1,000 Journalise the following transactions: a. Paid rent Rs. 500 and salaries Rs. 500 b. Bought goods from vipul worth Rs. 2,000 and paid half the amount in cash c. Cash Rs. 10,000 and goods worth Rs. 6,000 invested in business. d. Proprietor withdrew for private use, cash Rs. 500 and goods Rs. 100 e. Purchased machinery worth Rs. 5,000 and furniture worth Rs. 1,000 from Rainbow Ltd. Q6. Journalise the following transactions of March, 2018 and post them into the ledger: 2018 Rs. Mar. 1 Commenced business with cash 50,000 Mar. 5 Purchases made 20,000 Mar. 8 Sold goods for cash 10,000 Mar. 10 Purchased goods from Mohan 10,000 Mar. 12 Sold goods to Sohan 10,000 Mar. 16 Furniture purchased 4,000 Mar. 18 Opened a current Account in UCO Bank 2,000 Mar. 22 Received cash from Sohan 5,000 Mar. 26 Withdrew cash for personal use 2,000 Mar. 28 paid to Mohan 4,000 Mar. 30 Paid Rent 1,000 Mar. 30 Paid Salaries 2,000 Mar. 30 Sold goods for cash to Rohan 2,000 Mar. 30 Paid to Mohan 6,000 Mar. 30 Received from Sohan 5,000 After posting into the ledger, you are required to prepare a trial balance by (i) Balance Method, (ii) Total Amount Method. Q7. Prepare a Trial Balance from the following balances of Neelgagan Limited as on 31st March, 2018. Particulars Opening stock Purchases Capital Drawings Sales Purchases Return Sales Return Salaries Wages Lighting and Electricity charges Office Equipments Building Q8. Rs 18,626 1,15,500 60,000 5,250 1,81,875 1,450 525 16,025 10,000 6,550 15,000 35,000 Prepare a cash book from the following transactions: 2018 Rs. Oct. 1 Cash in hand 4,000 Oct. 4 Goods purchased for cash 1,000 Oct. 8 Goods sold to Grand Enterprises for cash 2,500 Oct. 12 Cash received from Disha 4,400 Allowed him discount Q9. Particulars Provision for Doubtful Debts Discount Allowed Discount Received Rent, Rates and Taxes Furniture Cash Trade Payable Trade Receivables Bank Overdraft Charity Fund Bank Loan Closing Stock 100 Oct. 15 Cash paid to Vivek 2,800 Oct. 20 Cartage paid 100 Oct. 28 Commission received 350 Oct. 30 Paid wages 60 Enter the following transaction in Cash Book and prepare ledger accounts: 2018 Rs. Apr. 1 Cash Balance 8,000 Apr. 2 cash purchases 2,000 Rs 600 1,425 1,575 5,575 7,000 925 24,625 67,600 4,875 5,000 25,000 15,250 Apr. 4 Cash sales 5,000 Apr. 8 Cash received from Rohan 8,800 Apr. 12 cash paid for electricity charges 5,600 Apr. 15 wages paid 200 Apr. 18 Rent received 700 Apr. 20 paid Transportation charges 120 Apr. 21 Received from Mohit 8,000 Apr. 22 Sold goods for cash 2,000 Apr. 22 Paid to Mahi 5,000 Apr. 25 Purchased furniture 2,000 Apr. 26 Q10. Paid to Pala Ram to settle his account of Rs. 4,000 3,800 Apr. 30 Paid salary 500 Apr. 30 Received commission 300 Prepare Bank Reconciliation Statement from the following particulars: i. Bank overdraft as per Cash Book on 31st December, 2018 was Rs. 21,000 ii. Cheques of Rs. 2,400 issued before 31st December, 2018 but presented for payment after that date. iii. Cheques paid into bank but not collected until 31st December, 2018 amounting to Rs. 5,200. iv. Interest on overdraft amounting to Rs. 1,000 did not appear in the cash book. v. Rs. 6,000 being interest on investments collected by the bank and credited in the pass book were not recorded in the cash book. vi. Rs. 800 in respect of dishonoured Bill Receivable were entered in the Pass Book but not in the Cash Book. Q11. Tiwari & Sons find that the bank balance shown by their Cash Book on 31st December, 2017 is Rs. 40,500 (credit) but the pass book shows a difference due to the following reasons: i. A cheque for Rs. 5,000 drawn in favour of Manohar has not yet been presented for payment. ii. A post-dated cheque for Rs. 900 has been debited in the bank column of the cash book but it could not have been presented in any case. iii. Cheque totaling Rs. 10,200 deposited with the bank have not yet been collected and a cheque for Rs. 4,000 has been dishonoured. iv. A bill for Rs. 10,000 was retired by the bank under a rebate of Rs. 150 but the full amount of the bill was credited in the bank column of the cash book. Prepare a Bank Reconciliation Statement and find out the balance as per the Pass Book. Q12. On 31st March, 2018 the cash book of Shrish showed an overdraft of Rs. 16,800. From the following particulars, make out a Bank Reconciliation Statement. i. Cheque drawn but not cashed before 31st March, 2018 amounted to Rs. 11,838. ii. Cheque paid into the bank but not credited before 31st March, 2018 amounted to Rs. 14,673. iii. A bill Receivable for Rs. 1,560 previously discounted with the bank had been dishonoured and bank charges debited in the pass book amounted to Rs. 165. iv. Debit is made in the pass book for Rs. 360 on account of Rent of godown given as per standing instructions. v. The bank has collected interest on current investment and credited Rs. 2,280 in the Pass book Q13. Samir Limited purchased on 1st April, 2014 a plant for Rs. 1,80,000. On 1st July, 2015, it purchased additional plant costing Rs. 1,08,000. On 1st December, 2016 the plant purchased on 1st April, 2014 was sold off for Rs. 94,500 and on the same date fresh plant was purchased at the cost of Rs. 1,68,000. Depreciation is provided at 10% per annum on the Diminishing Balance Method every year. Accounts are closed each year on 31st March. Show the plant account for 3 years. Q14. On 1st January 2015, the Rajasthan Transport Company purchased a Truck for Rs. 5,00,000. On 1st July, 2016 this truck was involved in an accident and was completely destroyed and Rs. 3,90,000 were received from the Insurance Company in full settlement. On the same date another truck was purchased by the Co. for Rs. 8,00,000. The Company writes off 20% depreciation p.a. on written Down value Method. Give the Truck Account from 2014-15 to 2016-17. Q15. A drew a bills of exchange on B for Rs. 10,000 at two months, on 1st January, 2018. On the due date, the bill was dishonoured by B. Pass journal entries in the books of both the parties in following cases: i. When bill is kept by A till maturity ii. When it is discounted with bank at 12% p.a, iii. When it is endorsed to C. iv. When it is rent to bank for collection Q16. A sold goods worth Rs. 20,000 to B and drew a bill of exchange for 3 months. The bill was accepted by B. On due date the bill was dishonoured and A paid Rs. 100 as nothing charges. Pass Journal entries in the books of both the parties. Q17. Pratap owed Rs. 40,000 to Kumar. On 1st April, 2018 Pratap accepted a bill of exchange drawn by Kumar at 3 moths. On the same day, kumar got the bill discounted at his bank at 10% per annum. On the due date, the bill was dishonoured and bank paid Rs. 150 as nothing charges. Give journal entries in the books of Pratap and kumar. Q18. Ram is indebted to Shyam for Rs. 16,000. On 1st April, 2018 Ram accepted a two months bill for the amount. Shyam endorsed this bill to his creditor Mohan on 15th April, 2018. Mohan endorsed the bill further to his creditor Sohan on 25th April, 2018 who got it discounted with his bank on 29th April, 2018 at a discount of Rs. 200. The bill was dishonoured on maturity and Rs. 100 were paid as nothing charges. Give journal entries in the books of all the parties except the bank. Q19. Rectify the following errors: i. Goods returned to Rai Rs. 3,000 recorded through Sales Books as Rs. 1,000. ii. Total of returns inward Books Rs. 2,800 posted to Purchases A/c iii. Old machinery sold for Rs. 2,000 to Manesh recorded through sales book as Rs. 1,800 and posted to credit of Maneesh as Rs. 1200. Q20. Rectify the following errors: i. Bought Radio for Rs. 1,000 for the proprietor was debited to General Expenses A/c ii. Bought goods from Mohan Rs. 2,000 was passed through the Sales Book however, the account of Mohan was credited correctly. iii. Wages due Rs. 1,500 has not been adjusted. Q21. Pass journal entries to rectify the following errors which were located after preparing the trial balance. i. The sales book was overcast by Rs. 500 ii. Credit purchases from Aradh Rs. 6,000 were posted to the debit of her account as Rs. 9,000 iii. Goods returned from Ayan Rs. 8,000 were recorded in purchases return book. iv. Wages paid Rs. 3,980 were recorded as Rs. 3,890 Q22 From the following extracts of the Trial Balance as at 31st March, 2018, pass necessary journal entries and show the treatment of bad debts and provision for doubtful debts in the relevant accounts and in financial statements. Particulars Sundry Debtors Provision for Doubtful Debts Bad Debts Dr. (Rs) 1,30,000 Cr. (Rs) 7,500 1,250 Additional Information: i. Further Bad Debts were for Rs. 5,000 ii. Provision for Doubtful Debts is to maintained at 10% on Sundry Debtors. Q23 Following extracts have been taken from the trial balance of Mrs. Kajal Gupta a dress designers as at 31st March, 2018: Particulars Bad Debts Provision for Doubtful (1st April, 2017) Sundry Debtors Additional Information: Dr. (Rs) 1,800 Cr. (Rs) 3,750 1,00,000 i. Write off further Bad Debts Rs. 1,000. ii. Provision for Doubtful Debts is to be maintained at 5% on Sundry Debtors iii. Create a provision for discount on sundry Debtors at 3% Q24. Prepare Trading and Profit & Loss Account and Balance Sheet from the following Trial Balance and information as at 31st March, 2018. Particulars Sundry Debtors and Creditors Returns Purchases and Sales Drawings and Sales Stock and Capital Stock (1st April, 2017) Bad debts Bills Receivable and payable Office Expenses Sales van Expenses Discount Rent and Rates Telephone charges Furniture Commission Carriage inward Salaries and wages Cash in hand Dr. (Rs) 1,82,000 13,000 7,21,000 75,000 1,98,000 30,000 1,20,000 62,100 1,50,000 14,000 1,07,000 20,000 50,000 1,11,500 32,000 2,05,000 3,000 Cr. (Rs) 3,57,500 27,000 9,50,000 5,00,000 2,30,000 29,100 - 20,93,600 20,93,600 Adjustments: i. Closing stock was valued at Rs. 6,17,000 ii. Depreciate furniture @ 10% p.a and Sales Van @ 20% p.a iii. Outstanding rent amounted to Rs. 9,000 iv. Further bad debts Rs. 2,000 v. Make a provision for doubtful debts @ 5% on Debtors Rahul keeps his books on Single Entry System. On 1st April, 2016 his financial position was as follows: Cash in hand Rs. 150, Cash at Bank Rs. 1,500, Trading Stock Rs. 6,500, Fixtures and Fittings Rs. 180, Total Creditors Rs. 5,000, Plant and Machinery Rs. 9,800, Total Debtors Rs. 4,800. During the year Rahul drew from business Rs. 4,000. His financial position on 31st March, 2017 was as follows: Total Creditors Rs. 4,500, Plant and Machinery Rs. 10,000, Fixtures and Fittings Rs. 130, Total Debtors Rs. 9,900, Trading stock Rs. 7,200, Cash in hand Rs. 500, Bank Overdraft Rs. 2,500. Prepare Statement of profit or loss and a statement of Affairs at the end of the year. Q25. Jitesh Commenced his business on 1st January, 2017 will a capital of Rs. 25,000. He immediately bought furniture for Rs. 6,000. During the year, he borrowed Rs. 15,000 from his wife and introduced a further capital of his own amounting to Rs. 9,500. He had withdrew Rs. 900 at the end of the each month for his family expenses. On 31st December, 2017, his position was as follows. Cash at bank Rs. 7,800; Cash in hand Rs. 600; Stock Rs. 20,400; Debtors Rs. 14,400; Bills Receivable Rs. 48,00; Creditors Rs. 15,00; Rent due Rs. 450. Furniture to be depreciated by 10% Ascertain the profit or loss made during 2017.

Formatting page ...

Tags : cbse class xi, cbse 11, cbse 11th standard, cbse mock papers, cbse sample papers, cbse books, portal for cbse india, cbse question bank, central board of secondary education, past cbse question papers with answers, prelims preliminary exams, pre board exam papers, cbse model test papers, solved board question papers of cbse last year, previous years solved question papers, free online cbse solved question paper, cbse syllabus, india cbse board sample questions papers, last 10 years cbse final exam papers, cbse question papers, cbse guess sample questions papers, cbse important questions, specimen / mock papers.

cbse11 chat

Horizontal lines at:
Guest Horizontal lines at:
AutoRM Data:
Box geometries: