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COMMERCE COACHING AND TRAINING CENTRE
Max. Marks:- 20
11TH CLASS
Time Allowed :- 1:00 Hr.
ACCOUNTS TEST
Q.1. Rakesh started business as on 1st April, 2019 with a capital of Rs.1,50,000. During the year, the following
transactions took place. Prepare the Accounting Equation from the following transactions,
1. Furniture purchased for cash.
20,000
2. Purchased goods from Mahesh on credit.
25,000
3. Sold goods (costing Rs. 10,000) to Mohan for cash
14,000
4. Additional capital introduced.
20,000
5. Commission received in advance.
2,000
6. Paid to creditor (Mahesh) Rs. 22,500 in full settlement.
7. Sold goods (costing Rs. 15,000) for Rs. 18,000 out which Rs. 5,000 received in cash
8. Depreciation on furniture provided @ 10%.
(5)
(3)
Q.2. What do you mean by voucher? What are the types of vouchers?
(3)
Q.3. What do you mean by Book-keeping? Explain objectives of Accounting.
(4)
Answers
Answer:
Explanation:
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