QP_Acco_REVISION TEST

REVISION TEST
ACCOUNTANCY
Class: XI Duration: 1 ½ Hrs

Date: 16/01/25 Max Marks: 40
General Instructions:
 This question paper contains 11 questions.

 All questions are compulsory.
 The figure in the bracket indicates Marks allotted to each
question
 Please Write down the serial number of the question before
attempting it
1. When a debt written off as bad is recovered subsequently, it should (1)

be:
A. Debited to the Debtors Account

B. Credited to the Debtors Account
C. Credited to the Bad Debts Recovery Account
D. Debited to the Bad Debts Recovery Account
2 Under which accounting concept is an advance received against the (1)

sale of goods recorded as 'Advance against Sale' instead of being
recognized as sales?
a) Going Concern Concept
b) Accrual Concept
c) Money Measurement Concept
d) Business Entity Concept
3 a. What is imprest system of petty cash book? (3)

b. Prepare petty cash book from the following transactions. The
imprest amount is 300.
January
01 Paid cartage 50
1
02 STD charges 40
02 Bus fare 20
03 Postage 30
04 Refreshment for employees 80
06 Courier charges 17
4 Following transactions are of M/s. Keerthi & Sons for the month of (3)
April, 2014. Prepare their Purchases Book:
April 7 Purchased from M/s. Padma sons on Credit:
50 Baba Shirts @ 2,000 each
50 Trousers @ 4,200 each
Trade Discount @ 10%
April 13 Purchased a Typewriter for office use from M/s. Singh &
Sons for 5,000.
April 27 Purchased on credit from Raj sons:
100 Peter England Shirts @ 1,500 each
50 Overcoats @ 5,000 each
Trade Discount @ 10%
5 Prove that accounting equation is satisfied in all the following (3)

transactions of Raj furniture ltd.
Started business with cash 40,000
Paid rent in advance 600
Purchased furniture for cash 10,000 and credit 4000
Paid salary 900 and salary outstanding being 200
6 Journalize the following in the books of Kangan Ltd. (3)

2013
Jan 1 Sold goods to David at the list price of 1,00,000 allowing 5%
cash discount and 10% trade discount. He paid 1/4 th of the amount
in cash at the time of purchase.
Jan 15 Received first and final dividend of 60 paise in the rupee from
the official receiver of Mr. Janson who owed 20,000.
Jan 30 Paid 4500 to kapil on his account against 5000 due
7 A Cash Book’s Bank Column of Gyan Chand & Co. is showing a debit (4)
balance of 45,000 on 31st March 2011, on comparing the Cash
Book and Bank Passbook the following difference were found out.
a) A cheque of 15,000 was issued to Mehta & Co. but they did not
2
deposit the cheque in their bank till 31st March 2011.
b) Keshav & Co. deposited a payment of 15,750 directly in Gyan
Chand & Co. Account
c) A cheque for 4500 was received from a debtor but was recorded
in cash book deposited in first week of April 2012 and not recorded
in passbook.
d) Cheque issue charges was debited by bank for 100
e) A discounted bill of exchange dishonoured 500
e) Prepare a Bank Reconciliation Statement as on 31 st March,2011.
8 Kanika tells you that his capital on 31st December 2014 is 37,400 (4)
& his capital on 1st Jan.2014 was 38,400.He further informs you
that during the year he gave of 7000 to his brother on private
account and withdrew 600 p.m. for his personal purposes. He
also used a flat for his personal purposes, the rent of which at 200
p.m. & electricity charges at an average rate of 20 p.m. were
from business account. During the year he sold his 10%
Government Bonds 5,000 at 3% premium and brought the money
into business. You are required to prepare statement of profit or loss
for the year ended 31st December 2014.
9 Prepare Three column cash book from the following information: (6)
2014
Jan 1 Cash in hand 3150
Jan 1
Cash at Bank 91,400
Jan 2
Jan 2 Purchase goods on Credit 10,000
Jan 5
Discounted a bill of 1000 at 1%
Bought goods for 2,000,paid cheque for
Jan 15
Jan 16 them, discount allowed at 1%
Jan 17 Paid trade expenses for 120
Jan 25 Paid taxes 400
Jan 28 Paid insurance charges 100
Sold goods for 12,500 and received a
Jan 30
cheque for 12,375.
Received a cheque from John for sale of old
3
furniture 6,000
Paid Rohit by cheque 9,000 in full
settlement of 9,500.
10 A company whose accounting year is the calendar year purchased (6)

on 1st April, 2020 machinery costing 30,000. It further purchased
machinery on 1st October, 2020 costing 20,000 and on 1st July,
2021 costing 10,000.On 1st January, 2023 one third of the
machinery installed, on 1st April, 2020 became obsolete and was
sold for 3,000.Show how the machinery account (2020-2023)
would appear in the books of company if depreciation is charged at
10% p.a on written down value method.
11 Prepare Trading and Profit and Loss Account and Balance Sheet from (6)
the following Trial Balance as on 31st December, 2024
Trial Balance
Dr. Cr.
Stock on 1st January, 2024 3,500

Purchases and Sales 12,400 17,100
Debtors and Creditors 9,000 5,000
Discounts 350 410
Salaries 1,500
Printing & Stationery 750
Rent 450
General Expenses 350
Fixed Assets 14,000
Drawings and Capital 1,800 24,000
Bad Debts 600
Outstanding wages 175
Bad debts provision 500
Cash in hand 725
Cash at Bank 1,760
________ ________
47,185 47,185
=======
=======
Make the following adjustments:-
1) Stock at the end 7,100
2) Bad debt 500 and maintain the reserve for bad debts at 5%
on sundry debtors
3) General Manager is to be paid 10% commission on profit
4
before charging such commission.
4) Outstanding for printing and stationery 150/-

QP_Acco_REVISION TEST

Uploaded by

Document Informationclick to expand document information

Copyright:

Available Formats

QP_Acco_REVISION TEST

Uploaded by

Document Information

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

QP_Acco_REVISION TEST

Uploaded by

Copyright:

Available Formats

REVISION TEST

Class: XI Duration: 1 ½ Hrs

 This question paper contains 11 questions.

1. When a debt written off as bad is recovered subsequently, it should (1)

A. Debited to the Debtors Account

2 Under which accounting concept is an advance received against the (1)

3 a. What is imprest system of petty cash book? (3)

5 Prove that accounting equation is satisfied in all the following (3)

6 Journalize the following in the books of Kangan Ltd. (3)

10 A company whose accounting year is the calendar year purchased (6)

Stock on 1st January, 2024 3,500

You might also like