www.Padasalai.Net www.Trb Tnpsc.

com
ACHYUTA ACADEMY MAT HR SEC SCHOOL,DGL
Class: XI Accountancy Model-1 Marks:90
(2023-2024) Time : 3 Hrs

PART - 1 ( 20 x 1=20)
Choose the correct Answer:
1.Social Responsibility Accounting was developed in the __________.
a) 20th Century b) 21st Century c) 19th Century d) 18th Century
2. _______ is the sequence of steps involved in the accounting process.
a) Accounting concepts b) Accounting principles
c) Accounting cycle d) Accounting conventions
3. _______ refers to choosing a desirable course of action from alternative course of action.
a) decision b) control c) comparison d) forecasting
4. ______ concepts are considered as fundamental accounting assumptions.
a) Realization, Dual aspect and Business Entity Concept
b) Money measurement, Cost and going concern concept
c) Periodicity, matching and Accrual concept

et
d) Going concern, convention of consistency and Accrual concept
5. When goods are returned by a buyer, the buyer prepares a _______ and sends to the seller.
a) Invoice b) Cash Receipts c) Debit Note d) Credit Note

i.N
6. Select odd one out:
a) Goodwill b) Copy Right c) Patent Right d) Stock
7. Total of Debit > Total of credit = __________
la
a) Credit balance b) Debit balance c) Both a & b d) Nil balance
8. _______ of the current year in the ledger account is the opening balance of the next year.
a) opening balance b) closing balance c) current balance d) capital
sa

9. “ A trial balance is a statement prepared with the debit and credit balances of the ledger accounts to
test the arithmetical accuracy of the books”.
a) R. N. Carter b) J.R. Batliboi
da

c) Institute of charted accounts d) Luca Pacioli

10. Which of the following item will appear in the credit side of the trial balance?
a) Return inward b) Carriage inward c) Carriage outward d) Return Outward
Pa

11. ______ book is prepared based on the credit notes received from the suppliers.
a) Purchase return b) sales return c) sales d) purchase
12. Three column cash book contains ______ number of columns
w.

a) ten b) twelve c) Eleven d) nine

13. _____ column contains the serial numbers of the cash receipts.
a) L.F. b) V.N c) R.N d)Amount
ww

14.Cash withdrawals are entered in the _____ column of the Bank statement.
a) debit b) credit c) cash book d) pass book
15. Goods sold o Kumaran on credit for Rs.234 entered in the sales book as Rs.243 is an error of
a) Error of principle b) Error of omission
c) Error of Commission d) Compensating Error
16.”Depreciation is the gradual and permanent decrease in the value of an asset from any cause”
a) R. N. Carter b) J.R. Batliboi
c)Spicer and Pegler d) Luca Pacioli
17. ________ are derived from transactions that are not the usual activities of the business.
a) Revenue Receipts b) Capital Receipts
c) Capital Expenditure d) Revenue Expenditure
18. When gross profit is 25% on cost, it is _____ on sales.
a) 35% b) 20% c) 33 1/3 % d) 75%
19. ________ are the liabilities which will become payable only on the happening of some specific
event which itself is not certain.
a) Long term liabilities b) Shot term liabilities
c) current liabilities d) Contingent liabilities
20. _______ is a banking software.
a) PASCAL b) MS-Office c)Finacle d) Tally

kindly send me your key answer to our

1 email id - [email protected]
 www.Padasalai.Net www.Trb Tnpsc.com

PART - II ( 7 x 2=14)
Answer all the Question, Q. No 30 is Compulsory.
21. What is Accounting?
22. Fill the details:
Date Particulars L.F. Debit Credit
Jan,1 Drawings A/c Dr. 1,00,000
To _________ A/c 1,00,000
( Being goods withdrawn
from business for
personal use)

23.What is duality concept?

24. Give any two reasons for returning the goods to the supplier.
25. Compare Single column and three column cash book. ( any 2)
26.What is Depletion?
27. Compare Revenue and Deferred Revenue Expenditure. (any 2)

et
28. Name any two Indirect Expenses and Indirect Income.
29. Give Journal entry for outstanding salary.

i.N
30. What is coding? List the types.
PART - II ( 7x 3=21)

Answer all the Question, Q. No 40 is Compulsory.

la
31. Efficiency of the management will not be recorded in the books of accounts. Why?
32. What are the objectives of accounting?
sa

33. On 1st April 2023, Amit’s Books of Account shows Cash ₹4,000, Bank ₹10,000,
Stock ₹27,000, Debtors ₹23,500, Land and building ₹30,000, Creditors ₹10,000,
da

and Capital ₹1,00,000.

34. Enter the following transactions into cash book for the month of Jan 2018
Pa

 Cash received from Ravi 4,000

 Rent Paid in cash 2,000
 Purchased goods from Mahesh for cash 6,000
w.

 Sold goods for cash 9,000

35. Prepare a bank reconciliation statement from the following information as of March
ww

31, 2017.
(i) Balance as per cash book is Rs. 3,200
(ii) Cheque issued but yet not presented for payment is Rs. 1,800
(iii) Cheque deposited yet not collected up till March 31 2017, amounts to Rs. 2,000
(iv) Bank charges are debited by the bank Rs. 150
36. Rectify the following errors in a journal entry:
Cash sales Rs. 12,000
1. i) Were posted as 5,000 in the sales account.
2. ii) Were posted to purchase account.
3. iii) Were not posted to the sales account

kindly send me your key answer to our

2 email id - [email protected]
 www.Padasalai.Net www.Trb Tnpsc.com

37.

38. Prepare Trial Balance for the following Balances as on 31 st March

2021
Balances ₹

Cost of Goods Sold 5,20,000

Opening Stock 50,000

Closing Stock 50,000

et
Salary and Wages 50,000

Sales 8,00,000

Drawing i.N
Plant & Machinery 2,00,000

50,000
la
Investment 4,30,000
sa

Creditors 1,00,000

Capital 4,00,000
da

39. The following transactions are given:

June 5: Purchased from Birat Traders:
Pa

10 Dozen of Pepsodent toothpaste @ 15 each

10 Dozen of baby oil bottles @ 550 per dozen; less 15% trade discount.
June 10: Purchased from Hira Stores:
w.

15 shaving lotion tubes @ 50 each

Required: Prepare purchase book and purchased account.
40. What is meant by closing stock? Show its treatment in final accounts .
ww

PART - III ( 7x 5=35)

Answer all the Question, Either a or b.
41.a. Pass the necessary journal entries in the books of Reshi Raj,
(a) On 1 April 2023, Cash Purchases ₹20,000.
(b) On 9 April 2023, Sold goods to Rama at the list price of ₹60,000 at a trade
discount of 10%.
(c) On 11 April 2023, Vinod sold goods to us worth ₹30,000 at a 10% trade
discount.
(d) On 18 April 2023, Returned goods to Vinod at the list price of ₹2,000.
(e) On 22 April 2023, Paid cash to Vinod ₹24,000 in full settlement.
(f) On 25 April 2023, Rama returned goods of list price ₹10,000.
(g) On 28 April 2023, Rama paid ₹43,000 in full settlement of his account.

kindly send me your key answer to our

3 email id - [email protected]
 www.Padasalai.Net www.Trb Tnpsc.com

41.b. State with reasons whether the following expenditures are of capital or revenue nature.

a) A second hand machine was bought for Rs. 10,000 and Rs. 400 was spent on its carriage
and installation.
b) Rs. 800 spent as carriage on goods purchased.
c) Rs. 2,000 spent on repairs to machinery.
d) Rs. 20,000 spent for constructing an additional hall.
e) Rs. 15,000 was spent for air-conditioning the office of the General Manager.
f) A second hand truck was purchased for Rs. 30,000 and Rs. 10,000 was spent on
overhauling and converting it into a delivery van.

42.a.

42.b. From the following balances obtained from the accounts of Mr. Ranjeet,

et
Prepare the Trading and Profit & Loss Account:
Particulars Rs. Particulars Rs.

i.N
Stock on April 01, 2012 8,000 Bad debts 1,200

Purchases for the year 22,000 Rent 1,200

la
Sales for the year 42,000 Discount (Dr.) 600

Wages 2,500 Commission paid 1,100

sa

Salaries & Wages 3,500 Sales Expenses 600

Advertisement 1,000 Repairs 600

da

Closing stock on March 31, 2013, is Rs. 4,500

43.a. Prepare a Double Column Cash Book from the following transactions of Mr.Gopalan:
Pa

2004
Jan. 1 Cash in hand 4,000
6 Cash Purchases 2,000
w.

10 Wages paid 40
11 Cash Sales 6,000
12 Cash received from Suresh and 1,980
ww

allowed him discount 20

19 Cash paid to Meena 2,470 and
discount received 30
27 Cash paid to Radha 400
28 Purchased goods for cash 2,070
43.b. Explain the advantages of computerized accounting system.
44.a.

kindly send me your key answer to our

4 email id - [email protected]
 www.Padasalai.Net www.Trb Tnpsc.com

44.b. Enter the following transactions in proper subsidiary books.

2003 March 1 Purchased goods from Balaraman Rs.2000

2 Sold goods to Senthil Rs.1,000

3 Goods purchased from Durai Rs.1,000

5 Sold goods to Saravanan Rs.700

8 Sold goods to Senthil Rs.500

10 Purchased goods from Elangovan Rs.600

14 Purchased goods from Parthiban Rs.300

20 Sold goods to Sukumar Rs.600

45.a. Prepare trading and profit and loss account and balance sheet from the following

et
particulars as of March 31, 2017.

Debit Amount ₹ Credit Amount ₹

i.N
Account Title

Purchases and Sales 3,52,000 5,60,000

la
Return inwards and Return outwards 9,600 12,000
sa

Carriage inwards 7,000

da

Carriage outwards 3,360

Pa

Fuel and power 24,800

Opening stock 57,600

w.

Bad debts 9,950

ww

Debtors and Creditors 1,31,200 48,000

Capital 3,48,000

Investment 32,000

Interest on investment 3,200

Loan 16,000

Repairs 2,400

General expenses 17,000

kindly send me your key answer to our

5 email id - [email protected]
 www.Padasalai.Net www.Trb Tnpsc.com

Wages and salaries 28,800

Land and buildings 2,88,000

Cash in hand 32,000

Miscellaneous receipts 160

Sales tax collected 8,350

Closing stock ₹ 30,000.

45.b. Distinguish between ‘ready-to-use’ and ‘tailored’ accounting software.

46.a. Prepare double column cash book from the following transactions for the year August
2017:

et
01 Cash in hand 17,500

i.N
Cash at bank 5,000

03 Purchased goods for cash 3,000

la
05 Received cheque from Jasmeet 10,000

08 Sold goods for cash 7,000

sa

10 Jasmeet’s cheque deposited into bank

da

12 Purchased goods and paid by cheque 20,000

15 Paid establishment expenses through bank 1,000

Pa

18 Cash sales 7,000

20 Deposited into bank 10,000

w.

24 Paid trade expenses 500

27 Received commission by cheque 6,000

ww

29 Paid Rent 2,000

30 Withdrew cash for personal use 1,200

31 Salary paid 6,000

46.b. (1) Overdraft observed as per Cash Book was Rs. 10,500 on June 30 2011.

(2) Cheques deposited but not collected Rs. 2,000.

(3) Cheques issued yet not presented for payment of Rs. 2,800.

(4) The bank charges Rs. 50 and interest on an overdraft of Rs. 250.

(5) A customer directly deposited Rs. 1,200 into the bank.

(6) Insurance Premium of Rs. 1,500 is paid by the bank as per standing instructions.

Prepare Bank Reconciliation Statement for the month of June 2011.

kindly send me your key answer to our

6 email id - [email protected]
 www.Padasalai.Net www.Trb Tnpsc.com

47.a. Rectify the following errors:

(a) Credit sales made to Mohan of Rs 7,000 was posted to Karan’s account.

(b) Credit purchases made from Rohan of Rs 9,000 were posted to Gobind.

(c) Goods returned to Rakesh for Rs 4,000 was posted to Naresh’s account.

(d) Goods returned from Mahesh of Rs 1,000 were posted to Manish.

(e) Cash sales of Rs 2,000 were posted to the commission account.

47.b. Differentiate between Capital Expenditure and Revenue Expenditure.

et
i.N
Prepared by
S.SAKUNDALA DEVI, M.COM, B.ED, M.PHIL,SET,PGDEC,DCMA.
6384025042
la
PG ASST IN ACCOUNTANCY
sa
ACHYUTA ACADEMY MAT HRSEC SCHOOL
DINDIGUL
da
Pa
w.
ww

kindly send me your key answer to our

7 email id - [email protected]