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Class : XI
Subject : Accountancy
Half Yearly Examination
Time : 2 Hours
M.Marks : 40
Name Of the Student :
Session : 2020-21
Roll No. :
General Instructions
All the Questions are compulsory
Q1 Everything a firm owns, it also owes out to somebody. This co- incidence is explained by the……….. concept. (1)
Q2 The total assets of a business are Rs 10,00,000 and capital is Rs 4,00,000, then the amount of creditors will be…………………………….. (1)
Q3 For cash deposited into bank, ……………………. a/c will be debited and ………….. a/c will be
credited. (1)
Q4 Wages paid to X will be posted to …………. Account on the debit side. (1)
Q5 Rs 10,000 received from Ram is credited in the account of Shyam . It is an error of……………(1)
Q6 ……….. refer to the liabilities that are to be paid normally with in one year. (1)
Q7Write any two points of difference between Cash discount and Trade discount. (2)
Q8 Write any two points of difference between Book-keeping and Accounting. (2)
Q9 Explain the process of Accounting. (3)
Q10 Explain the following terms with two examples of each:
(a) Assets
(b) Non- Current Liabilities
(c) Capital Expenditure (3)
Q11 Prepare Accounting Equation from the following
(a) Raghu started business with cash Rs 1,50,000.
(b) Bought goods for cash Rs 80,000 and on credit for Rs 40,000.
(c) Goods costing Rs 75,000 sold at a profit of 33 1/3% . Half the payment received in cash.
(d) Goods costing Rs 10,000 sold for Rs 12,000 on credit.
(e) Paid for rent Rs 2,000 and for salaries Rs 4,000.
(f) Goods costing Rs 20,000 sold for Rs 18,500 for cash. (3)
Q12 Explain the term Ledger and Posting. (3)
Q13 Enter the following transactions in the Purchase Book of Superior Cloth House, New Delhi, assuming CGST @2.5% and SGST @2.5%:-
2018
April 4 Purchased from Radha Krishan & Sons of New Delhi , vide Invoice no. 305.
100 metre Cotton Cloth @ Rs 200 per metre
80 metre Woollen Cloth @Rs 500 per metre
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Trade Discount 20%
April 12
50 metre Silk Cloth @Rs 600 per metre
40 metre Cotton Cloth @ Rs 250 per metre
Trade Discount 10%
April 20
Purchased from Modern Furniture House, Delhi:-
10Chairs @Rs 2,000 per chair.
April 25
Purchased from Hari Om & Sons of Gujarat , Vide Invoice No. 390
100 metre woollen cloth @Rs 600 per metre
Trade Discount is 15% and freight charges payable are Rs 3,000. (4)
Q14 Prepare a Trial Balance from the following balances taken as at 31st March 2017:-
Amount(Rs)
Amount(Rs)
Capital
2,50,000
Purchases
2,15,300
Drawings
24,000
Sales
3,80,000
Debtors
57,000
Miscellaneous expenses
8,200
Creditors
28,500
Miscellaneous receipts
3,600
Land & Building
1,80,000
Bad Debts
7,100
Plant
1,20,000
Bills Receivable
5,000
Stock on 1-4-2016
22,800
Loan from X
20,000
Factory Expenses
16,600
Interest on X’s Loan
3,000
Office expenses
7,700
Cash in hand
8,400
Purchase Return
6,000
Goodwill
10,000
Stationery
500
Freight
2,500
Answers
Answered by
0
Answer:
- .Calculate funds from operations from the
following profit and loss account.
Profit and loss account
Particulars Rs. Particulars Rs.
To expenses paid 3,00,000 By gross
To depreciation 70,000 profit 4,50,000
To loss on sale By gain on
on machine 4,000 sale of
To discount 200 land 60,000
To goodwill 20,000
To net profit 1,15,800
- 5,10,000 5,10,000
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