Countancy Class -XI Full Marks- 80 Section a ceo Marks) nsw ane er Aly questions . Cash discount received wil lumn on debit I be Fecorded in the cash book in: side d. cash column on credit side \2. Loss of goo. pee aeeane by fire should be credited to: loss account Profit & loss account Purchase account qa) q@ Which of the following may have both debit or credit balance: - only cash column of cash book only bank column of both cash & bank neither bank nor cash column. q@) ASold goods worth list price of Rs.8000 at 10% trade discount & 2% cash discount. 25% received at the time of transaction only. The amount posted to the discount account will be: a. Rs.36 on debit side : b. Rs.144 on credit side c. Rs.144 on debit side d. Rs.36 on credit side 4. What is suspense account? #&. What is posting? 77, Journal keeps @ A, Sales return is a we If the opening balance of the cash Is side of the cash book as aogehang——— &re one & the same thing, __aaomers ed because sen v8 te gy ToORTAN lea acing oy bank. Gy (3) \Qtestion 11. jon! Journalise the following transact troved 5 Goods worth Rs.10000 on ‘amount admitted & paid claim for 6 Y fire. Insurance company estion 12. 5 1.01.2 5 ae purchased a machinery 0” a ae 019 for Rs.120000, Tees side eine after 10 years is Rs.5000. on 5000, On ‘expenses were Rs.10000. Its reSI0 og j 01.03.2019 expenses on its repairs ight Teepe to the extent of Rs.2000. Depreciation is provided under str2 Method. Books are closed on wei 3i March every year. What is the Written down vaiue of the asset on 01.04.2022? Qéestion 13. west Following was the position of Mr. on 01.04.2020: Cash-in-hand Rs.10000, Cash-at-Bank RS.16800, Furniture Rs.8000, Re 50000, Debtors - Rahul Rs.8000, Sunil Rs.12000, Creditors - pate ‘Sen Rs.5000. Pass the entry: a fuestion 14. “Journalise the following transaction: On 10.04.2020, Mr. Arup bought goods from Kishan | discount of 10% & cash discount of 2%, Paid 60% amount immediately. — —\Yoestion 15. ie Prepare a ) bank reconciliation statement from the following on 31.03.2009: Bank statement showed a favourable balance of Rs.12400. a. Cheques amounting to Rs.45000 were drawn on 27% Ma b. Cheque issued returned on technical ground Rs.40004 c. Bank recorded a cash deposit of Rs.3210 as 3120. 4. Bills for collection credited to our account Rs.8000 but 1 €. A bill for Rs,10000 was retired by bank under a rebate of full amount of the bill was credited in the bank column of th Reston 16, atlee the following transaction in the books of Ravi 04.2022 Mr Ravi purchased a motor car for Rs.60000 & on cape its repair & renewal. a On 07,04 2990 ‘Oods worth Rs.2000 were distributed as free Ss: Charged depreciation on motor car Rs.6500. On 09.04.26) 2022 Rent due to land lord Rs.1000 & salary due to clerk Rs-8000. Page | 2Pune. hase he Me sitio ent 9 Fi ci, 04.2022 On 15.04 2022 Re, 750 dug troy pays Rs.o70 Suman are bad debts, < of He Be ent of his accoun i2etion eS *-1000, “9 from trot In full settleme epare Gup; On 01.0. b (6) ; Account OPks of Mr. Roy. On 04.03.3935 Goods sais ate a debit Balance of Rs. 32400, 2 paid aot ooge S 8 Rs.2000. ie Be ikog, Gm cena ciedide allowed to him Pege0322015 Fria oC 900d Sdestion 1s, € following balan (10) ces : Machinery accoune Rs.5000Gn, '8 the books of XY Ltd. as on 01.04.2062" nevision for Preclation accoy he machine, Was Nt Rs.225000. On mod, the accounting Pretiated by 10% p.a. on the fixed instalment On 1.20.36 19 Year bein '9 April to march. a Aas Sold for Rs.42qqq neTY Which wi 00 for Rs. 200908) #2000 & on the gary Prepare Machinery ac year 2014-15, Y S¢COunt & prov Purchased from him Rs.20000, @s purchased on 2011 for Rs.100000 date a fresh machinery was purchased Enter the following transactions in a triple column cash : 2019 Dec 1 Started business with cash Rs.50000, 92 Paid into bank Rs.29000. Received cheque from R & co. Rs.800, discount allowed 2S Withdrew cash from bank for Received cheque from Kailash Rs, Rs.15. 2 6 Kailash’s cheque endo account of Rs.425, : 29Paid Rent by cheque 39 Deposited into b Question 20. Which of the followi a. sales account b. capital account ¢. purchase return account ing is put on tt. — ON 12.04.2022 Rg TS Ue fy » pad debts, BCCOUNI On 15.04.2022 Received Rg om SUyay ate bt gettlennant of his aceoun 4 ry full for Rs.tg99,° om wat" —gfeston Tepare Gupte’s account j (6) Ne bo Roy. : 2100. On 01.03.2015 Supta's ace SKS of Mt palance of Rs.1210! Ount Shong g debit On 02.03.2015 Goods SOld to Supta Rs.90000. On 04.03.2015 Gupta returned Qoods worth Rs.2000. at allowed to him ON06.03.2015 Gupta paid a Chegue of pg.50000 & discou Rs.1500, F 0. OM 20.03.2015 Further good him Rs.2000) [ ee S00dS purchased from (10) estion 18, i -04.2014: ny 4, « The following balances appear In the books of XY Ltd. as on 01 Machinery account Rs.500000, nt: Provision for depreciation Account Rs.225000. ment. The Machinery was depreciated by 10% p.a. ia ace method, the &ccounting year being April to march. 1000 Purchase On 01.10.2014, a Machinery which was purchased on, 2011 pac a Was sold for Rs.42000 & on the Same date a fresh machinery was p! NOW the Na, for Rs.200000. “© the positg, Prepare machinery account & Provision for depreciation account for the Nich he ok year 2014-15, tallation, - 1 uestion 19. ee The yf 51) I | SO4, sales return account stion 21. I count column of cash book |S: (ay a. totalled & not balanced b. neither totalled nor balanced ¢. balanced d. not balanced «Question 22. ‘Amortisation refers to writing off: GQ a. depleting assets b. wasting assets c. intangible assets d. fictitious assets BQHestion 23. GST is charged by the seller of g00ds & / or Prescribed rate on the _____. Maestion 24. @ Cash discount Is allowed to encourage 2 jestion 25. @) tow would this entry appear in triple column cash book of Mr. X? Mr. Ghosh paid by cheque Rs.7215 net for goods sold in the last month, discount allowed to him Is 2.5%. qa) Services or both at the OR Anil started a business on 01.04.2021 with a capital of Rs.. 0G000 & a loan of Rs.75000 from the bank. During the year he had introduced additional capital of Rs.60000 & had withdrawn Rs.36000 for personal purpose. On 31.03.2022 his assets were Rs.380000. Find out the capital as on 31.03.2022 & profit earned during the year 2021-22. festion 26. fournalise the following transactions in the books of Mr. Rakesh, De Jan 07 2022 Purchased goods for cash from Mohan, Del Rs.6000. in 15 a 20 Sold goods to Rahim, Kanpur, of List trade discount 10%. Cash Discount is ie amount at the time of sale. : CGST & SGST is levied @ 6% each & testis le on all sale & purchase. Question 27. From the following trial balance containing certain errors draw a correct trail balance: "a ee OPA Ee a Dr. Rs. 260000 7oasoa Sisco alt ulin