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Page 1
Date: Class: XI
Accountancy
Time:3 hrs M. M: 100
General Instructions:
1. All questions are compulsory
2. Marks for each question are indicated against it.
3. Attempt all parts of a question together.
1 Godrej Ltd imported from Germany one machinery for sale in India and another machinery
for production purposes. Which will be treated as goods and which as fixed asset?
1
2 ‘Charity given through cash’ - State its effect on Accounting equation. 1
3 How is Accounting information useful for ‘Investors and Potential Investors’? 1
4 The owner of the firm records his medical expenses in the firms’ income statement. Which
principle is violated in this case?
1
5 Differentiate between Trade Discount and Cash Discount on the basis of ‘recording’. 1
6 From the following particulars, prepare the account of D. Budhiraja, the proprietor of a
business: Rs.
i. Capital introduced 30,000
ii. Drawings made by him 6,500
iii. Further capital introduced 22,000
iv. Profit for the period 7,500
3
7 Explain the ‘Imprest System’ of Petty Cash Book by giving an example.
3
8 (i) What is a compound journal entry? Give an example.
(ii) Why contra entry in three column cash book is not posted into ledger?
(iii) For what purposes is a journal proper used?
3
9 Comment upon the following statements by giving appropriate reasons:
i. Accounting is not fully exact
ii. Accounting information must be presented in such a way that only accounting
people understands it.
iii. Accounting information must be reliable.
3
10 Shri Hariharan had started a new mid - sized business. He being new to accounting sought
advice from a chartered accountant on maintenance of accounts. He was advised that he
should follow Double Entry System of Accounting maintaining accounts on accrual basis.
Some of his friends advised him to maintain accounts on Cash Basis of Accounting. He
decided to follow the advice of the chartered accountant. Is the decision of Hariharan correct?
Justify your answer by giving appropriate reasons.
3
Page 2
Date: Class: XI
Accountancy
Time:3 hrs M. M: 100
General Instructions:
1. All questions are compulsory
2. Marks for each question are indicated against it.
3. Attempt all parts of a question together.
1 Godrej Ltd imported from Germany one machinery for sale in India and another machinery
for production purposes. Which will be treated as goods and which as fixed asset?
1
2 ‘Charity given through cash’ - State its effect on Accounting equation. 1
3 How is Accounting information useful for ‘Investors and Potential Investors’? 1
4 The owner of the firm records his medical expenses in the firms’ income statement. Which
principle is violated in this case?
1
5 Differentiate between Trade Discount and Cash Discount on the basis of ‘recording’. 1
6 From the following particulars, prepare the account of D. Budhiraja, the proprietor of a
business: Rs.
i. Capital introduced 30,000
ii. Drawings made by him 6,500
iii. Further capital introduced 22,000
iv. Profit for the period 7,500
3
7 Explain the ‘Imprest System’ of Petty Cash Book by giving an example.
3
8 (i) What is a compound journal entry? Give an example.
(ii) Why contra entry in three column cash book is not posted into ledger?
(iii) For what purposes is a journal proper used?
3
9 Comment upon the following statements by giving appropriate reasons:
i. Accounting is not fully exact
ii. Accounting information must be presented in such a way that only accounting
people understands it.
iii. Accounting information must be reliable.
3
10 Shri Hariharan had started a new mid - sized business. He being new to accounting sought
advice from a chartered accountant on maintenance of accounts. He was advised that he
should follow Double Entry System of Accounting maintaining accounts on accrual basis.
Some of his friends advised him to maintain accounts on Cash Basis of Accounting. He
decided to follow the advice of the chartered accountant. Is the decision of Hariharan correct?
Justify your answer by giving appropriate reasons.
3
XI B Page 2 of 5
11 (i) X Ltd has the following assets and liabilities as on 31
st
March, 2015. Ascertain his
capital:
Cash Rs.25,000; Bank Rs.47,500; Debtors Rs. 18,000; Creditors Rs. 22,000; Plant
and Machinery Rs.80,000; Building Rs. 2,00,000; Furniture Rs. 24,000; Bills
receivable Rs. 56,500; Bills Payable Rs. 23,500.
(ii) Capital as on 1
st
April, 2014: Rs.50,000;
Capital as on 31
st
March, 2015: Rs. 59,000;
Additional capital invested: Rs.5,000;
Amount withdrawn: Rs. 2,000. Find out profit earned or loss suffered.
2 + 2
12
i. Bought goods from Arun for Rs.2,00,000 at a trade discount of 15% and cash
discount of 2%. Paid 80% amount immediately. Pass journal entry.
i. Sold goods costing Rs. 40,000 to Ashok for cash at a profit of 25% on cost less
20% trade discount and charged 8% Central Sales Tax . And paid cartage on sales
Rs.200.
4
13
Classify the following as per Modern or Traditional approach:
i. Sales A/c v. Investments in XYZ Ltd. A/c
ii. Harish’s A/c (a supplier) vi. Drawings A/c
iii. Bad debts recovered A/c vii. Rent paid
iv. Accrued income A/c viii.Goodwill
4
14 Define the following source documents:
i. Cash Memo iii. Debit Voucher
ii. Pay – in - slip iv. Transfer Voucher
4
15 Define the following Accounting terms:
i. Capital expenditure
ii. Non – current liabilities
iii. Revenue receipts
iv. Trade Receivables
2 + 2
16 From the following information, draw up the Trial Balance in the books of Vimal Traders as
on 31
st
March, 2015:
Building Rs. 77,000; Sales Rs. 1,04,000; Capital Rs. 73,600; Fixtures Rs. 5,600; Cash Rs.
400; Creditors Rs. 52,600; Discount received Rs.3,000; Loan from Ram Rs. 10,000; Debtors
Rs. 61,800; Interest on Ram’s loan Rs. 1,000; Purchases Rs. 1,00,000; Purchase Returns Rs.
2,600.
6
Page 3
Date: Class: XI
Accountancy
Time:3 hrs M. M: 100
General Instructions:
1. All questions are compulsory
2. Marks for each question are indicated against it.
3. Attempt all parts of a question together.
1 Godrej Ltd imported from Germany one machinery for sale in India and another machinery
for production purposes. Which will be treated as goods and which as fixed asset?
1
2 ‘Charity given through cash’ - State its effect on Accounting equation. 1
3 How is Accounting information useful for ‘Investors and Potential Investors’? 1
4 The owner of the firm records his medical expenses in the firms’ income statement. Which
principle is violated in this case?
1
5 Differentiate between Trade Discount and Cash Discount on the basis of ‘recording’. 1
6 From the following particulars, prepare the account of D. Budhiraja, the proprietor of a
business: Rs.
i. Capital introduced 30,000
ii. Drawings made by him 6,500
iii. Further capital introduced 22,000
iv. Profit for the period 7,500
3
7 Explain the ‘Imprest System’ of Petty Cash Book by giving an example.
3
8 (i) What is a compound journal entry? Give an example.
(ii) Why contra entry in three column cash book is not posted into ledger?
(iii) For what purposes is a journal proper used?
3
9 Comment upon the following statements by giving appropriate reasons:
i. Accounting is not fully exact
ii. Accounting information must be presented in such a way that only accounting
people understands it.
iii. Accounting information must be reliable.
3
10 Shri Hariharan had started a new mid - sized business. He being new to accounting sought
advice from a chartered accountant on maintenance of accounts. He was advised that he
should follow Double Entry System of Accounting maintaining accounts on accrual basis.
Some of his friends advised him to maintain accounts on Cash Basis of Accounting. He
decided to follow the advice of the chartered accountant. Is the decision of Hariharan correct?
Justify your answer by giving appropriate reasons.
3
XI B Page 2 of 5
11 (i) X Ltd has the following assets and liabilities as on 31
st
March, 2015. Ascertain his
capital:
Cash Rs.25,000; Bank Rs.47,500; Debtors Rs. 18,000; Creditors Rs. 22,000; Plant
and Machinery Rs.80,000; Building Rs. 2,00,000; Furniture Rs. 24,000; Bills
receivable Rs. 56,500; Bills Payable Rs. 23,500.
(ii) Capital as on 1
st
April, 2014: Rs.50,000;
Capital as on 31
st
March, 2015: Rs. 59,000;
Additional capital invested: Rs.5,000;
Amount withdrawn: Rs. 2,000. Find out profit earned or loss suffered.
2 + 2
12
i. Bought goods from Arun for Rs.2,00,000 at a trade discount of 15% and cash
discount of 2%. Paid 80% amount immediately. Pass journal entry.
i. Sold goods costing Rs. 40,000 to Ashok for cash at a profit of 25% on cost less
20% trade discount and charged 8% Central Sales Tax . And paid cartage on sales
Rs.200.
4
13
Classify the following as per Modern or Traditional approach:
i. Sales A/c v. Investments in XYZ Ltd. A/c
ii. Harish’s A/c (a supplier) vi. Drawings A/c
iii. Bad debts recovered A/c vii. Rent paid
iv. Accrued income A/c viii.Goodwill
4
14 Define the following source documents:
i. Cash Memo iii. Debit Voucher
ii. Pay – in - slip iv. Transfer Voucher
4
15 Define the following Accounting terms:
i. Capital expenditure
ii. Non – current liabilities
iii. Revenue receipts
iv. Trade Receivables
2 + 2
16 From the following information, draw up the Trial Balance in the books of Vimal Traders as
on 31
st
March, 2015:
Building Rs. 77,000; Sales Rs. 1,04,000; Capital Rs. 73,600; Fixtures Rs. 5,600; Cash Rs.
400; Creditors Rs. 52,600; Discount received Rs.3,000; Loan from Ram Rs. 10,000; Debtors
Rs. 61,800; Interest on Ram’s loan Rs. 1,000; Purchases Rs. 1,00,000; Purchase Returns Rs.
2,600.
6
XI B Page 3 of 5
17 Fill in the missing information in the following journal entries:
JOURNAL
S.No. Particulars L.F. Dr. Amt Cr. Amt
i. ______________ Dr.
______________ Dr.
To ___________
(Being goods of the list price of Rs.5,000
sold at 10% trade discount & 2% cash
discount)
ii. Chaturvedi’s A/c Dr.
To ____________
To ___________
(Being Chaturvedi’s A/c settled, cash
discount 3% )
5,000
__________
___________
iii. __________ Dr.
To _________
(Being 2 months rent due to landlord,
rent is paid @ Rs. 12,000 p.a)
_________
___________
6
18
Identify and explain the Accounting principle followed in the following statements:
i. Closing stock is valued at cost or net realizable value.
ii. During the year, the company purchased ball point pens of Rs.300. These were
issued to employees and were still in use at the end of the year.
iii. Aditya Enterprises assumes that the business will not be liquidated in the near
future.
6
19 Pass journal entries:
i. Received cash from Ram for a bad debt written off last year Rs.1,000.
ii. Sohan is declared insolvent. Received from his Official Receiver a dividend of 60
paise in the rupee on a debt of Rs.2,500.
iii. Provide interest on capital @ 10 % p.a. for 5 months (Capital Rs. 60,000)
iv. Paid landlord Rs.4,500 for rent. One – third of the premises is occupied by the
proprietor for his own residence.
v. Out of the insurance paid this year, Rs.5,000 relates to the next year.
vi. Supplied goods at Rs.6,000 to Suresh, issued invoice at 10% above cost less 5%
trade discount.
6
20 Prepare an Accounting equation from the following information:
i. Started business with cash Rs.2,75,000 and goods Rs.25,000
ii. Bought goods for cash Rs.30,000 and on credit Rs.44,000
iii. Goods costing Rs.50,000 sold at a profit of 25%; out of which Rs.25,000 is
received in cash.
iv. Building purchased from Sohan for Rs.10,00,000 by taking a loan of Rs. 8,00,000
from SBI.
v. Amount withdrawn for personal use Rs.5,000.
vi. Charge interest on drawings @5%.
6
Page 4
Date: Class: XI
Accountancy
Time:3 hrs M. M: 100
General Instructions:
1. All questions are compulsory
2. Marks for each question are indicated against it.
3. Attempt all parts of a question together.
1 Godrej Ltd imported from Germany one machinery for sale in India and another machinery
for production purposes. Which will be treated as goods and which as fixed asset?
1
2 ‘Charity given through cash’ - State its effect on Accounting equation. 1
3 How is Accounting information useful for ‘Investors and Potential Investors’? 1
4 The owner of the firm records his medical expenses in the firms’ income statement. Which
principle is violated in this case?
1
5 Differentiate between Trade Discount and Cash Discount on the basis of ‘recording’. 1
6 From the following particulars, prepare the account of D. Budhiraja, the proprietor of a
business: Rs.
i. Capital introduced 30,000
ii. Drawings made by him 6,500
iii. Further capital introduced 22,000
iv. Profit for the period 7,500
3
7 Explain the ‘Imprest System’ of Petty Cash Book by giving an example.
3
8 (i) What is a compound journal entry? Give an example.
(ii) Why contra entry in three column cash book is not posted into ledger?
(iii) For what purposes is a journal proper used?
3
9 Comment upon the following statements by giving appropriate reasons:
i. Accounting is not fully exact
ii. Accounting information must be presented in such a way that only accounting
people understands it.
iii. Accounting information must be reliable.
3
10 Shri Hariharan had started a new mid - sized business. He being new to accounting sought
advice from a chartered accountant on maintenance of accounts. He was advised that he
should follow Double Entry System of Accounting maintaining accounts on accrual basis.
Some of his friends advised him to maintain accounts on Cash Basis of Accounting. He
decided to follow the advice of the chartered accountant. Is the decision of Hariharan correct?
Justify your answer by giving appropriate reasons.
3
XI B Page 2 of 5
11 (i) X Ltd has the following assets and liabilities as on 31
st
March, 2015. Ascertain his
capital:
Cash Rs.25,000; Bank Rs.47,500; Debtors Rs. 18,000; Creditors Rs. 22,000; Plant
and Machinery Rs.80,000; Building Rs. 2,00,000; Furniture Rs. 24,000; Bills
receivable Rs. 56,500; Bills Payable Rs. 23,500.
(ii) Capital as on 1
st
April, 2014: Rs.50,000;
Capital as on 31
st
March, 2015: Rs. 59,000;
Additional capital invested: Rs.5,000;
Amount withdrawn: Rs. 2,000. Find out profit earned or loss suffered.
2 + 2
12
i. Bought goods from Arun for Rs.2,00,000 at a trade discount of 15% and cash
discount of 2%. Paid 80% amount immediately. Pass journal entry.
i. Sold goods costing Rs. 40,000 to Ashok for cash at a profit of 25% on cost less
20% trade discount and charged 8% Central Sales Tax . And paid cartage on sales
Rs.200.
4
13
Classify the following as per Modern or Traditional approach:
i. Sales A/c v. Investments in XYZ Ltd. A/c
ii. Harish’s A/c (a supplier) vi. Drawings A/c
iii. Bad debts recovered A/c vii. Rent paid
iv. Accrued income A/c viii.Goodwill
4
14 Define the following source documents:
i. Cash Memo iii. Debit Voucher
ii. Pay – in - slip iv. Transfer Voucher
4
15 Define the following Accounting terms:
i. Capital expenditure
ii. Non – current liabilities
iii. Revenue receipts
iv. Trade Receivables
2 + 2
16 From the following information, draw up the Trial Balance in the books of Vimal Traders as
on 31
st
March, 2015:
Building Rs. 77,000; Sales Rs. 1,04,000; Capital Rs. 73,600; Fixtures Rs. 5,600; Cash Rs.
400; Creditors Rs. 52,600; Discount received Rs.3,000; Loan from Ram Rs. 10,000; Debtors
Rs. 61,800; Interest on Ram’s loan Rs. 1,000; Purchases Rs. 1,00,000; Purchase Returns Rs.
2,600.
6
XI B Page 3 of 5
17 Fill in the missing information in the following journal entries:
JOURNAL
S.No. Particulars L.F. Dr. Amt Cr. Amt
i. ______________ Dr.
______________ Dr.
To ___________
(Being goods of the list price of Rs.5,000
sold at 10% trade discount & 2% cash
discount)
ii. Chaturvedi’s A/c Dr.
To ____________
To ___________
(Being Chaturvedi’s A/c settled, cash
discount 3% )
5,000
__________
___________
iii. __________ Dr.
To _________
(Being 2 months rent due to landlord,
rent is paid @ Rs. 12,000 p.a)
_________
___________
6
18
Identify and explain the Accounting principle followed in the following statements:
i. Closing stock is valued at cost or net realizable value.
ii. During the year, the company purchased ball point pens of Rs.300. These were
issued to employees and were still in use at the end of the year.
iii. Aditya Enterprises assumes that the business will not be liquidated in the near
future.
6
19 Pass journal entries:
i. Received cash from Ram for a bad debt written off last year Rs.1,000.
ii. Sohan is declared insolvent. Received from his Official Receiver a dividend of 60
paise in the rupee on a debt of Rs.2,500.
iii. Provide interest on capital @ 10 % p.a. for 5 months (Capital Rs. 60,000)
iv. Paid landlord Rs.4,500 for rent. One – third of the premises is occupied by the
proprietor for his own residence.
v. Out of the insurance paid this year, Rs.5,000 relates to the next year.
vi. Supplied goods at Rs.6,000 to Suresh, issued invoice at 10% above cost less 5%
trade discount.
6
20 Prepare an Accounting equation from the following information:
i. Started business with cash Rs.2,75,000 and goods Rs.25,000
ii. Bought goods for cash Rs.30,000 and on credit Rs.44,000
iii. Goods costing Rs.50,000 sold at a profit of 25%; out of which Rs.25,000 is
received in cash.
iv. Building purchased from Sohan for Rs.10,00,000 by taking a loan of Rs. 8,00,000
from SBI.
v. Amount withdrawn for personal use Rs.5,000.
vi. Charge interest on drawings @5%.
6
XI B Page 4 of 5
21 Enter the following transactions in a Triple Column Cash Book:
2011 Rs.
Jan 1 Cash in hand
Bank overdraft
2,300
12,000
7 Cheque received from S.Nair
Discount allowed
4,000
200
9 Cheque received from S.Nair deposited in bank
12 Cheque paid to Radha
Discount received
2,500
50
15 S.Nair’scheque returned dishonoured
20 Money withdrawn from bank for office use 3,400
27 Bank charges 50
31 Paid into bank the entire balance after retaining Rs.700 at
office.
6
22
Enter the following transactions in the Purchase Book and Sales Book of Pawan Electric
Store, New Delhi:
2015
June 2 Purchased goods from Surya Electric Store, ChandniChowk
200 tubelights @ Rs.50 each
50 table fans @ Rs.400 each
20 Heaters @ Rs.100 each
Trade Discount 15%
June 12 Sold goods to Prakash Electrical, South Extension:
20 ceiling fans @ Rs.650 each
35 Electric Irons @ Rs.500 each
40 Tubelights @ Rs. 50 each
Trade Discount 10%
June 18 Sold to Sunny Lamp, Lajpat Nagar, for cash
5 Electric Irons @ Rs.450 each
June 20 Purchased a Computer Printer for Rs.10,000 from Kailash
Printers
June 24 Moonlight Electricals Sold to us:
120 dozen bulbs @ Rs. 80 per dozen
20 Water Heaters @ Rs.120 each
Trade Discount 10%
June 28 Sunbeam Electricals purchased from us:
25 table fans @ Rs.800 each
15 Heaters @ Rs.200 each
Trade Discount 20%
8
Page 5
Date: Class: XI
Accountancy
Time:3 hrs M. M: 100
General Instructions:
1. All questions are compulsory
2. Marks for each question are indicated against it.
3. Attempt all parts of a question together.
1 Godrej Ltd imported from Germany one machinery for sale in India and another machinery
for production purposes. Which will be treated as goods and which as fixed asset?
1
2 ‘Charity given through cash’ - State its effect on Accounting equation. 1
3 How is Accounting information useful for ‘Investors and Potential Investors’? 1
4 The owner of the firm records his medical expenses in the firms’ income statement. Which
principle is violated in this case?
1
5 Differentiate between Trade Discount and Cash Discount on the basis of ‘recording’. 1
6 From the following particulars, prepare the account of D. Budhiraja, the proprietor of a
business: Rs.
i. Capital introduced 30,000
ii. Drawings made by him 6,500
iii. Further capital introduced 22,000
iv. Profit for the period 7,500
3
7 Explain the ‘Imprest System’ of Petty Cash Book by giving an example.
3
8 (i) What is a compound journal entry? Give an example.
(ii) Why contra entry in three column cash book is not posted into ledger?
(iii) For what purposes is a journal proper used?
3
9 Comment upon the following statements by giving appropriate reasons:
i. Accounting is not fully exact
ii. Accounting information must be presented in such a way that only accounting
people understands it.
iii. Accounting information must be reliable.
3
10 Shri Hariharan had started a new mid - sized business. He being new to accounting sought
advice from a chartered accountant on maintenance of accounts. He was advised that he
should follow Double Entry System of Accounting maintaining accounts on accrual basis.
Some of his friends advised him to maintain accounts on Cash Basis of Accounting. He
decided to follow the advice of the chartered accountant. Is the decision of Hariharan correct?
Justify your answer by giving appropriate reasons.
3
XI B Page 2 of 5
11 (i) X Ltd has the following assets and liabilities as on 31
st
March, 2015. Ascertain his
capital:
Cash Rs.25,000; Bank Rs.47,500; Debtors Rs. 18,000; Creditors Rs. 22,000; Plant
and Machinery Rs.80,000; Building Rs. 2,00,000; Furniture Rs. 24,000; Bills
receivable Rs. 56,500; Bills Payable Rs. 23,500.
(ii) Capital as on 1
st
April, 2014: Rs.50,000;
Capital as on 31
st
March, 2015: Rs. 59,000;
Additional capital invested: Rs.5,000;
Amount withdrawn: Rs. 2,000. Find out profit earned or loss suffered.
2 + 2
12
i. Bought goods from Arun for Rs.2,00,000 at a trade discount of 15% and cash
discount of 2%. Paid 80% amount immediately. Pass journal entry.
i. Sold goods costing Rs. 40,000 to Ashok for cash at a profit of 25% on cost less
20% trade discount and charged 8% Central Sales Tax . And paid cartage on sales
Rs.200.
4
13
Classify the following as per Modern or Traditional approach:
i. Sales A/c v. Investments in XYZ Ltd. A/c
ii. Harish’s A/c (a supplier) vi. Drawings A/c
iii. Bad debts recovered A/c vii. Rent paid
iv. Accrued income A/c viii.Goodwill
4
14 Define the following source documents:
i. Cash Memo iii. Debit Voucher
ii. Pay – in - slip iv. Transfer Voucher
4
15 Define the following Accounting terms:
i. Capital expenditure
ii. Non – current liabilities
iii. Revenue receipts
iv. Trade Receivables
2 + 2
16 From the following information, draw up the Trial Balance in the books of Vimal Traders as
on 31
st
March, 2015:
Building Rs. 77,000; Sales Rs. 1,04,000; Capital Rs. 73,600; Fixtures Rs. 5,600; Cash Rs.
400; Creditors Rs. 52,600; Discount received Rs.3,000; Loan from Ram Rs. 10,000; Debtors
Rs. 61,800; Interest on Ram’s loan Rs. 1,000; Purchases Rs. 1,00,000; Purchase Returns Rs.
2,600.
6
XI B Page 3 of 5
17 Fill in the missing information in the following journal entries:
JOURNAL
S.No. Particulars L.F. Dr. Amt Cr. Amt
i. ______________ Dr.
______________ Dr.
To ___________
(Being goods of the list price of Rs.5,000
sold at 10% trade discount & 2% cash
discount)
ii. Chaturvedi’s A/c Dr.
To ____________
To ___________
(Being Chaturvedi’s A/c settled, cash
discount 3% )
5,000
__________
___________
iii. __________ Dr.
To _________
(Being 2 months rent due to landlord,
rent is paid @ Rs. 12,000 p.a)
_________
___________
6
18
Identify and explain the Accounting principle followed in the following statements:
i. Closing stock is valued at cost or net realizable value.
ii. During the year, the company purchased ball point pens of Rs.300. These were
issued to employees and were still in use at the end of the year.
iii. Aditya Enterprises assumes that the business will not be liquidated in the near
future.
6
19 Pass journal entries:
i. Received cash from Ram for a bad debt written off last year Rs.1,000.
ii. Sohan is declared insolvent. Received from his Official Receiver a dividend of 60
paise in the rupee on a debt of Rs.2,500.
iii. Provide interest on capital @ 10 % p.a. for 5 months (Capital Rs. 60,000)
iv. Paid landlord Rs.4,500 for rent. One – third of the premises is occupied by the
proprietor for his own residence.
v. Out of the insurance paid this year, Rs.5,000 relates to the next year.
vi. Supplied goods at Rs.6,000 to Suresh, issued invoice at 10% above cost less 5%
trade discount.
6
20 Prepare an Accounting equation from the following information:
i. Started business with cash Rs.2,75,000 and goods Rs.25,000
ii. Bought goods for cash Rs.30,000 and on credit Rs.44,000
iii. Goods costing Rs.50,000 sold at a profit of 25%; out of which Rs.25,000 is
received in cash.
iv. Building purchased from Sohan for Rs.10,00,000 by taking a loan of Rs. 8,00,000
from SBI.
v. Amount withdrawn for personal use Rs.5,000.
vi. Charge interest on drawings @5%.
6
XI B Page 4 of 5
21 Enter the following transactions in a Triple Column Cash Book:
2011 Rs.
Jan 1 Cash in hand
Bank overdraft
2,300
12,000
7 Cheque received from S.Nair
Discount allowed
4,000
200
9 Cheque received from S.Nair deposited in bank
12 Cheque paid to Radha
Discount received
2,500
50
15 S.Nair’scheque returned dishonoured
20 Money withdrawn from bank for office use 3,400
27 Bank charges 50
31 Paid into bank the entire balance after retaining Rs.700 at
office.
6
22
Enter the following transactions in the Purchase Book and Sales Book of Pawan Electric
Store, New Delhi:
2015
June 2 Purchased goods from Surya Electric Store, ChandniChowk
200 tubelights @ Rs.50 each
50 table fans @ Rs.400 each
20 Heaters @ Rs.100 each
Trade Discount 15%
June 12 Sold goods to Prakash Electrical, South Extension:
20 ceiling fans @ Rs.650 each
35 Electric Irons @ Rs.500 each
40 Tubelights @ Rs. 50 each
Trade Discount 10%
June 18 Sold to Sunny Lamp, Lajpat Nagar, for cash
5 Electric Irons @ Rs.450 each
June 20 Purchased a Computer Printer for Rs.10,000 from Kailash
Printers
June 24 Moonlight Electricals Sold to us:
120 dozen bulbs @ Rs. 80 per dozen
20 Water Heaters @ Rs.120 each
Trade Discount 10%
June 28 Sunbeam Electricals purchased from us:
25 table fans @ Rs.800 each
15 Heaters @ Rs.200 each
Trade Discount 20%
8
XI B Page 5 of 5
23
From the following information, prepare Bank Reconciliation Statement as on 31
st
March,
2015:
i. Credit Balance as per Cash Book as on 31
st
March, 2015 Rs.35,000
ii. Out of the total cheques amounting to Rs.10,000 issued, cheques aggregating
Rs.3,000 were encashed in March,2015; cheques aggregating Rs.4,000 were
encashed in April,2015 and the rest have not been presented yet.
iii. Out of the total cheques amounting to Rs.5,000 deposited, cheques aggregating
Rs.1,500 were credited in March,2015 and balance cheques were credited in
April,2015.
iv. Bank has debited Rs. 120 as bank charges.
v. A cheque for Rs.800 was returned dishonoured by the bank.
vi. The payment side of the Cash Book has been undercast by Rs. 2,800.
vii. Cheque paid entered twice in the Cash Book Rs. 9,050
8
24 The following balances appeared in the books of Vishal Stores on 1
st
April, 2015:
Cash Rs.15,000; Bank balance Rs.5,000; Stock Rs.40,000; Machinery Rs.3,600; Sundry
debtors: Ashish Rs.11,000; Bimal Rs.13,000
Bank Loan Rs.10,000; Sundry Creditors: Garima Rs.12,500; Vijay Rs.7,500.
The following are the transactions for the month of April:
2015 Rs.
April2 Bought goods of Garima 6,900
April4 Sold goods to Ashish 1,000
April 5 Bimal returned goods 4,200
April 9 Sold goods to Bimal 7,300
April 15 Purchased another machinery for Rs.15,000
and paid installation charges Rs.2,500
April 19 Received from Ashish Rs.11,500in full
settlement of his account.
April 22 Furniture sold 3,000
Pass journal entries in the books of Vishal Stores and prepare Ashish’s A/c, Bimal’s A/c,
Discount allowed A/c and Machinery A/c.
8
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