(Paper) CBSE Class XI : Accountancy Exam Paper (Bihar)
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CBSE Class XI : Accountancy Exam Paper (Bihar)
SECTION-I [OBJECTIVE QUESTIONS]
General Instructions :
- (i). All Questions are compulsory.
- (ii). There is No negative marking for any wrong answer.
- (iii). Questions are in two sections.
Instruction : Q. No. 1 to 25 : In the following questions there are only one correct answer. You have to choose that correct answer.
1. Keyboard is :
(a) Input device (b) Output device (c) Memory unit (d) Output storage
Area
Answer: (a)
2. Parties in Bills of Exchange are :
(a) 2 (b) 3 (c) 4 (d) 5
Answer: (b)
3. After detection is the sum two side of trail balance
does not tallies, then the amount of difference is written to :
(a) profit & loss A/c (b) Suspense A/c (c) Trading A/c (d)
Proprietor A/c
Answer: (b)
4. All these errors which answer due to omission are
known as :
(a) errors of commission (b) errors of omission
(c) three sided errors (d) embezelment
Answer: (b)
5. Suspense A/c is :
(a) Nominal A/c (b) Real A/c (c) PersonalAc/ (d) Trading A/c
Answer: (a)
6. Suspense A/c is used to reetify :
(a) One-sided erros (b) two sided errors (c) Dr. side (d)
Cr. side
Answer: (a)
7. An amount of Rs. 430 was posted as Rs. 340 to the
debit of commission A/c — the restifying entry will be :
(a) Suspense A/c 90 (b) Suspense A/c 340
(c) Suspense A/c 430 (d) None of above
Answer: (a)
8. Accounting Starts where :
(a) Book keeping ends (b) Business ends
(c) Accountingperiod ends (d) None of above
Answer: (a)
9. Accounting is language of–
(a) Computer (b) Business (c) Men (d) Officers
Answer: (b)
10. The entity of a business is depante from its owners
Assumption is from :
(a) Business entity Assumption (b) Going concern Assumption
(c) Accounting period Assumption (d) Money Measurement Assumption
Answer: (a)
11. The Amount which the firm has to pay others is knowns
as :
(a) Assets (b) Liabilities (c) Capital (d) None of these
Answer: (b)
12. Purchases of Machinary results :
(a) Increase in capital (b) Increase in Assets
(c) Decrease in capital (d) Decrease in Liabilities
Answer: (b)
13. What is the cost of goods sold which :
Opening stock = 4,000
Closing stock = 2,000
Purchases = 45,000
(a) Rs. 43,000 (b) Rs. 51,000 (c) Rs. 39,000 (d) Rs. 47,000
Answer: (d)
14. Old provision for Bad Debts subtracted from :
(a) New provision for Bad Debts (b) Bad Debts
(c) Both of them jointly (d) None of them
Answer: (c)
15. What is the amount of opening stock when
closing stock = 4,000
cost of Goods sold = 52,000
Purchases = 45000
(a) 7,000 (b) 11,000 (c) 3,000 (d) None
Answer: (b)
16. The term fixed Assets inclves :
(a) Stock in trade (b) Furniture (c) Payment in Advance (d)
Cash
Answer: (b)
17. Advestment of closing stock is :
(a) Credited to trading Account (b) Shown in the Asset side of the
Balance sheet
(c) Both of above (d) None of them
Answer: (c)
18. Reserve for Doubtful debts is done :
(a) Debtors (b) Creditors (c) loan (d) None
Answer: (a)
19. Lucas Pacioli is the father of :
(a) Mathematics (b) Book keeping (c) English (d) Hindi
Answer: (b)
20. Advantages of Double Entry System are :
(a) Scientific system (b) Knowledge
of Financial position
(c) Knowledge about different Accounts (d) All of Above
Answer: (d)
21. When we return goods to the supplier then we use :
(a) Debit note (b) Credit Note (c) Cash Receipt (d) Pay in slip
Answer: (a)
22. those Accounts which are related to Man institute
company, firm etc. are called :
(a) Real Account (b) Nominal A/c (c) Personal Account (d) All of
above
Answer: (c)
23. Cash book always shows :
(a) Debit balance (b) Credit balance (c) Profit (d) Loss
Answer: (a)
24. Bank charges relises from :
(a) Current Account (b) Saving Account (c) By cheque (d) None
Answer: (a)
25. Write preparing Bank Reconcilliation statement by Dr.
balance of cash book then added :
(a) Cheques issued but not presented for payment (b) Interest Allowed by
bank
(c) Amount directly deposited by the customers (d) All of Above
Answer: (d)
Instructions : Q. No. 26-30 From the two statements are given. You
have choose from the following options :
(a) If Both Statements are true and Statement II is the
correct explation of Statement I
(b) If both the statement are true but statement II is not
the correct explanation of statement I
(c) If statement I is true but statement II is false
(d) If statement I is false but statement II is
26. Statement I : Balance shset is not prepared in
single entry system.
Statement II : Balance shset is prepared only in Double Entry
System.
Answer: (a)
27. Statement I — Profit = closing capital — opening
capital.
Statement II — The difference between closing capital and opening
capital is known as profit in single entry system.
Answer: (a)
28. Statement I — All those things having independent
existence are known as Entity.
Statement II — Database Management system are not costly.
Answer: (c)
29. Statement I — C.P.U. is a hardware.
Statement II — All parts of a computer are Hardware.
Answer: (a)
30. Statement I — Computer works on BASIC.
Statement II — BASIC is a language of computer.
Answer: (a)
Instructions : Q. No. 31-34 there are two columns. You have to match the correct options of column–I to column–II.
Column I | Column II |
31. Cashflow statement | (A) As – 2 |
32. Valuation of Inventries | (B) As – 10 |
33. Goodwill | (C) As – 6 |
34. Dep.A/c | (D) As – 3 |
Answer: 31. (d) 32. (a) 33. (b) 34. (c)
Instructions : In Q. No. 35 there is a paragraph followed by three questions. You have to mark correct alternative from the option given in those questions.
35.
Purchases | 3,00,000 |
Sales | 5,00,000 |
Sales Return | 35000 |
Carrige & Freight | 5,000 |
Opening stock | 25,000 |
Closing stock | 35,000 |
(i). Net sales = ?
(a) 5,00,000 (b) 4,90,000 (c) 2,00,000 (d) None
Answer: (b)
(ii). The cost of goods sold will be:
(a) 3,30,000 (b) 3,25,000 (c) 5,00,000 (d) 490,000
Answer: (a)
(iii). Gross profit will be :
(a) 160,000 (b) 2,60,000 (c) 490,000 (d) 200,000
Answer: (a)
OR
Instructions : Q. No. 35 In there may be more than one correct answer. You have to marks all the correct answers.
(i). Causes of Depreciation are :
(a) Obsolescence (b) Accidents (c) Constant use (d)
Reserve
Answer: (a, b, c)
(ii). Which are correct from the followings :
(a) Provision for Bad & Doubtful Debts (b) Provision for Discounton
Debtor
(c) Provision for taxation (d) Provision for
Debentures Redemption
Answer: (a, b, c)
(iii). Accumulate to say:
(a) The accumulated earnings (b) Undistributed profit (c) a and b Both (c) none
Answer: (a, b or, c)
SECTION-II (Short Answer questions)
- 1. Distinguish between Revenue Expenditure and Capital Expenditure.
- 2. Give any three points of difference between Cash Basis and Accrual Basis of Accounting.
- 3. If total assets of a business are Rs. 3,00,000 and capital is Rs. 2,40,000. Calculate creditors.
- 4. Write three one sided errors.
- 5. Write three differences between Provision and Reserve.
- 6. What do you mean by "Relating a bill under rebate" ?
- 7. What is meant by Indirect Exp. ? Give two examples.
- 8. Atual keeps his accounts on Incomplete recordes. He gives you the following information :
Opening Capital | 2,00,000 |
Closing Capital | 2,50,000 |
Drawings | 60,000 |
Capital added during the year | 75,000 |
Calculate Profit/loss for the year.
9. Explain the meaning of computer in about 50 words.
10. What do mean by Database Management System. Explain.
Long Answer questions:
Enter the following transition in a two column cash book and post then into ledger.
Aug 1, 2006 | Cash in hand | 4,000 |
Aug 1 | Bank balance | 3,000 |
Aug 2 | Wages paid | 500 |
Aug 3 | Gods purchased and paid through cheque) | 12,000 |
Aug 4 | Received a cheque fromKhanna and paid into bank | 1,000 |
Aug 7 | Paid to Ganesh through cheque | 500 |
Aug 8 | Cash sales paid into bank | 500 |
Aug 10 | Withdraw cash from Bank for office | 500 |
Aug 12 | Paid into bank | 1,000 |
Aug 14 | Furniture purchase | 200 |
Aug 14 | Recerved payment from Ram) | 190 |
Aug 14 | Interest allowed by the bank | 10 |
OR
What is a Cash Book ! Explain the types of Cash Book.
Q12. Gupta Ltd. purchased on 1 Jan, 2000 a second hand machinery for Rs. 2,00,000 and immediately spent Rs. 50,000 for its overhauling and installation. On July 1 2003 the plant become obselate and was sold for Rs. 90,000. Depreciation is provided @ 10% p.a. on original cost method. Books are closed every year on 31st Dec. show the necessary ledger accounts assuming that provision for depreciation A/c is maintained.
OR
What do you mean by Depreciation ! Explainthe two methods of charging depreciation with examples.
Q13. On 1st Auguest 2005, Hari drew a bill for Rs. 5,000 on Mohan for 3 months
which was accepted and returned by Mohan. On 4th Sept. Mohan retires his
acceptance under the rebate of 6% per annum. Pass entries in the books of Hari
and Mohan.
OR
Explain:
(a) Bill at Sight
(b) Bill after Date
(c) Bill after sight
Q14. From the following trial Balance prepare trading A/c, profit & loss A/c and Balance sheet as on 31st Dec. 2005
Account Title | ||
Opening stock | 2,100 | — |
Purchases and sales | 7,800 | — |
Debtors and Creditors | 5,600 | 5,000 |
Plant and Machinery | 1500 | — |
Provision for Bad Debts | 700 | — |
B/p | — | 5,000 |
Capital | — | 6,085 |
Wages | 3,000 | — |
Advertisement | 4,000 | — |
Buildings | 4,000 | |
Carriage | 400 | |
Discount | 100 | |
Office Expenses | 475 | |
Cash | 610 | |
Salaries | 900 | |
Repains | 800 | |
Bad Debts | 500 | |
31,785 | 31,785 |
OR
What are Capital Receipts and Revenue Receipts. Write features of them. Write three examples both of them.
Q15. What treatment will be done with following terms while
preparing final A/c.
(a) Interest on Drawings
(b) Interest on Capital
(c) Goods in transit
(d) Drawing of Goods for personal use.
OR
What are Adjustment entries ? Write any four necessity of adjustment.