Govt Model Question Paper

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Govt. Model Question Paper - 2018-19 for Volume - I

with Answer Key
and
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Sura’s Model Question Paper for Volume - I and II
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with Answer Key
11
th
STD. ACCOUNTANCY
s.
Time : 2½ hours Written Exam Marks : 90 Marks
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On 21.08.2018, Model Question Paper is released by the Govt. We have given it along with
Answer Key.
Kind Attention to the Students

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From this year onwards, blue print system has been abolished.
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Please note that questions will be framed from IN-TEXT portions ALSO.
Approximately 20% of the questions will be asked from IN-TEXT portions.
These questions will be based on Reasoning and Understanding of the lessons.
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Further, Creative and Higher Order Thinking Skills questions will also be asked. It requires
the students to clearly understand the lessons. So the students have to think and answer such
questions.
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It is instructed that henceforth if any questions are asked from ‘out of syllabus’, grace marks
will not be given.
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Term Test, Revision Test and Model Exam will be conducted based on the above pattern only.
Concentrating only on the book-back questions and/or previous year questions, henceforth,
may not ensure to score 100% marks.
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Also note that the answers must be written either in blue ink or in black ink. Avoid using both
the colour inks to answer the questions.
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For MCQs, the answers should be written in full. Simply writing (a) or (b) etc. will not get full
marks. You have to write (a) or (b) etc., along with the answer given in the options.
[1]
orders@surabooks.com Ph: 81242 01000 / 96001 75757

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www.nammakalvi.org
On 21.08.2018, Model Question Paper is released by the Govt. We have given it along with
Answer Key
11
th
STD.
Govt. Model Question Paper - 2018 for Volume - I
(with Answer Key)
Accountancy
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Time : 2.30 Hours Maximum Marks : 90
SECTION - I (20 × 1 = 20) 9. The trial balance contains the balances of ___________.
(a) Only personal accounts (b) Only real accounts
Note : (a) Answer all the questions.
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(c) Only nominal accounts (d) All accounts
(b) Choose the most suitable answer from the given
10. Point out the wrong statement in the following statement:
four alternatives and write the option code and the
(a) Sales book is meant for recording sales of goods on credit
corresponding answer.
(b) Purchase book is meant for recording purchases of goods on
1. Which one of the following is not a branch of accounting? credit
s.
(a) Financial accounting (b) Management accounting (c) Petty cash book is meant for recording small expenses
(c) Human resources accounting (d) None of the above (d) Pass book is meant for recording all expenses
2. Pick the odd one out from the following. 11. Match List I with List II and select the correct answer using the
(a) Accountancy (b) Accounting codes given below:
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(c) Book keeping (d) Discount
List I List II
3. The business is liable to the proprietor of the business in respect
of capital introduced by the person according to (i) Internal user of accounting 1. Human Resource
(a) Money measurement concept (b) Cost concept information Accounting
(c) Business entity concept (d) Dual aspect concept
o (ii) External user of accounting 2. Tax manager
information
4. In India, Accounting Standards are issued by ___________.
(iii) Role of an accountant 3. Researchers
(a) Reserve Bank of India
(iv) Branches of accounting 4. Employees
(b) The Cost and Management Accountants of India
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(c) Supreme Court of India Codes:
(d) The Institute of Chartered Accountants of India (i) (ii) (iii) (iv)
5. Consider the following statement (a) 1 2 3 4
Assertion (A) : Book keeping provides a permanent and reliable (b) 3 4 1 2
record for all business transactions. (c) 4 3 2 1
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(d) 2 3 1 4
Reason (R) : Transactions are recorded systematically in
chronological order in the books of account. 12. Which one of the following is not correctly matched
Select the correct answer: (a) Journal - Ledger Folio
(a) Both (A) and (R) are true and (R) is the correct explanation (b) Ledger - Journal Folio
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of (A) (c) Purchase book - Invoice number

(b) Both (A) and (R) are true and (R) is not the correct explanation (d) Sales returns book - Debit note number
of (A)
(c) (A) is true, but (R) is false 13. Which of the following is recorded as contra entry?
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(d) (A) is false, but (R) is true (a) Withdrew cash from bank for personal use
(b) Withdrew cash from bank for office use
6. Withdrawal of cash from business by the proprietor should be
credited to ___________. (c) Direct payment by the customer in the bank account of the
business
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(a) Drawings A/c (b) Cash A/c

(c) Capital A/c (d) Purchases A/c (d) When bank charges interest
7. Main objective of preparing ledger account is to ___________. 14. The balance in the petty cash book is ___________.
(a) Ascertain the financial position (a) An expense (b) A profit (c) An asset (d) A liability
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(b) Ascertain the profit or loss 15. A bank statement is a copy of ___________.
(c) Ascertain the profit or loss and the financial position (a) Cash column of the cash book
(d) Know the balance of each ledger account (b) Bank column of the cash book
8. If the total of the debit side of an account exceeds the total of its (c) A customer’s account in the bank’s book
credit side, it means ___________. (d) Cheques issued by the business
(a) Credit balance (b) Debit balance
(c) Nil balance (d) Debit and credit balance
[2]

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+11 Std - Accountancy  Govt. Model Question Paper - 2018-19 3
16. Balance as per cash book is Rs. 2, 000. Bank charge of Rs. 50 28. Substitute the following statements with one word/phrase
debited by the bank is not yet shown in the cash book. What is (a) A copy of customer’s account issued by the bank
the bank statement balance now?
(a) Rs. 1,950 credit balance (b) Rs. 1,950 debit balance (b) Debit balance as per bank statement
(c) Rs. 2,050 debit balance (d) Rs. 2,050 credit balance 29. State whether the balance of the following accounts should be
17. A company pay off all its creditors. The effect of this in accounting placed in the debit or the Credit column of the trial balance:
equation is a/an ___________. (i) Carriage outwards
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(a) increase in asset and decrease in liability (ii) Purchases
(b) increase in liability and decrease in asset
(iii) Interest received
(c) decrease in asset and decrease in liability
(d) decrease in asset and increase in liability (iv) Drawings
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18. State the order in which accounting system is followed 30. Complete the sales book of Mr. Kumar from the following details.
(i) Final account (ii) Ledger Amount
Invoice
(iii) Trial balance (iv) Journal
L.F.
No.
Date Particulars Details Total
Choose the correct order using the codes given below: Rs. Rs.
2018 Sarvana Traders, Sayalkudi
s.
(a) (i) (ii) (iii) (iv) (b) (iv) (iii) (ii) (i)
(c) (iv) (ii) (iii) (i) (d) (iii) (iv) (i) (ii) July 5 10 packs of A4 Sheets @ Rs. 250 2,500
per pack
19. Which of the following is correct? 10 dozens writing pads @ Rs. 850 --------
(a) Assets = Liabilities – Capital per dozen
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(b) Assets = Capital – Liabilities 11,000
(c) Assets = Liabilities + Capital Less: 10% Trade discount --------
(d) Assets = External equities 9,900
20. Which of the following is a cash transaction? July Mohan & Co., Mudukulathur
(a) Sold goods
o 20 5 white boards @ Rs. 2,200 each --------
(b) Sold goods to Ram 10 dozens writing pads @ Rs. 850 --------
(c) Sold goods to Ram on credit per dozen 19,500
(d) Sold goods to Ram on account Sales A/c Cr. 29,400
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SECTION - II (7 × 2 = 14) SECTION - III (7 × 3 = 21)
Note : (a) Answer any seven questions in which question No. Note : (a) Answer any seven questions in which question
30 is compulsory. No. 40 is compulsory.
(b) Answer to theory questions should not exceed 50 (b) Answer to theory questions should not exceed 150
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words. words.
21. In the earliest days of civilization, accounting was done by stewards 31. Read the passage given below and answer the questions that follow:
who managed the properties of wealthy people. They rendered Accounting is the language of business. The most important
accounts periodically to the owners of property. State any two function of language is to facilitate communication. The
functions of accounting.
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information about business entities regarding their operating

22. Book-keeping forms the base for the preparation of financial performance and financial status can be obtained from the financial
statements and interpretation which are the important functions information recorded in the accounting records. The information
of accounting. Define book-keeping. is communicated to the interested users.
23. The accounts relating to expenses, losses, revenues and gains are
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Questions:
called nominal accounts. What is accounting rule for nominal (i) Who are the external users of accounting information?
accounts?
(ii) Who are the internal users of accounting information?
24. Ledger account is a summary of statement of all transactions
(iii) Why do the users need accounting information?
relating to a person, asset, liability expense or income. From the
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transactions recorded in the journal, ledger is prepared. What is 32. “Only monetary transactions are recorded in accounting”. Explain
meant by posting? the statement.
25. If trial balance is not prepared in a systematic way, the final
33. Account relating to persons is called as personal account.
accounts prepared on the basis of trial balance may not depict the
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actual state of affairs of the concern. What is trial balance? (i) What are the different types of personal accounts?
26. To increase sales, a seller sells goods on credit to his customers. If (ii) Give the meaning of such accounts
sale is made on credit, a bill of exchange may be received. Define (iii) Give examples for each account.
bill of exchange. 34. Journal is the book of prime entry. But ledger is the main book of
27. What are the differences between cash discount and trade discount account. Write any three other differences between these two.
on the following two basis: 35. ‘A trial balance is only a prima facie evidence of the arithmetical
(i) Time of allowance accuracy of records’. Do you agree with this statement? Give
reasons.
(ii) Deduction from invoice value

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4 +11 Std - Accountancy  Govt. Model Question Paper - 2018-19
36. Complete the accounting equation SECTION - IV (7 × 5 = 35)

Assets = Capital + Liabilities Note : Answer all the questions.
(i) Rs.1,00,000 = Rs.80,000 + ?
41. Prepare accounting equation for the following transactions.
(ii) Rs.2,00,000 = ? + Rs. 40,000 (a) Murugan commenced business with cash Rs. 80,000
(iii) ? = Rs.1, 60,000 + Rs. 80,000 (b) Purchased goods for cash Rs. 30,000
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37. The following balances appeared in the books of Vinoth on Jan 1, (c) Paid salaries by cash Rs. 5,000
2018 (d) Bought goods from Kumar for Rs. 5,000 and deposited the
Assets : Cash Rs. 40,000; Stock Rs. 50,000; Amount due money in CDM.
from Ram Rs. 20,000; Machinery Rs. 40,000 (OR)
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Liabilities : Amount due to Vijay Rs. 10,000 Mary is a rice dealer having business for more than 5 years. Pass
(i) Pass the opening journal entry and journal entries in her books for the period of March, 2018.
(ii) Post them to Vinoth’s Capital account. March Rs.
38. Read the passage given below and answer the questions that follow: 1 Rice bags bought on credit from Sibi 20,000
Sundar started business for buying and selling of books with 2 Electricity charges paid through net banking 500
s.
Rs. 2,00,000 as an initial investment of which he paid Rs. 80,000 3 Returned goods bought from Sibi 5,000
for purchasing books and Rs. 2,000 for furniture. He employed a
clerk for his office. At the end of the month he paid Rs. 6,000 as 5 Advertisement expenses paid 2,000
salary. Out of books bought he sold some books for Rs. 90,000 for 6 Goods sold to Mano 20,000
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cash and some other books for Rs. 25,000 to Mr. Ravi. 7 Goods returned by Mano 5,000
Questions:
42. Pass journal entries for the following transactions and post them
(i) What is the amount of capital with which Sundar started
to ledger.
business?
(ii) What is the value of goods he purchased?
o 2018 Aug Rs.
1 Dharma started business with cash 70,000
(iii) What is the asset he bought?
6 Cash received from Ganesan 10,000
(iv) Who is the debtor and state the amount due from him?
10 Rent paid 3,000
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39. Correct the following entries wherever you think :
20 Received commission from Anand 5,000
(i) Brought capital into business: (OR)
Capital A/c Dr.
Enter the following transactions in the books of Ganesan and post
To Cash A/c them into ledger.
(ii) Cash Purchases: 2018 Oct Rs.
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Cash A/c Dr. 1 Started business with cash 25,000

To Sales A/c 5 Deposited into bank 12,500
(iii) Salaries due to clerk: 10 Purchased furniture and payment by cheque 2,000
Salaries A/c Dr. 15 Goods purchased for cash 5,000
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To Cash A/c 19 Sold goods to Vasu on credit 4,000

(iv) Commissions received:
43.
Prepare the trial balance from the following balances of Rajesh as
Commission A/c Dr.
on 31st March, 2018.
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To Cash A/c Rs. Rs.

40. Complete the following journal entries Bills receivable 13,000 Drawings 7,000
Debit Credit Bank charges 750 Sundry debtors 17,100
L.F.
Date Particulars
Rs. Rs. Conveyance charges 350 Bills payable 2,000
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2018 --------------------------- Dr. 60,000 Discount received 1,300 Capital 25,900

Jan 4 To Padmini and Co. A/c 60,000 Cash in hand 1,000 Sundry creditors 10,000
(Bills received for the amount due)
(OR)
5 --------------------------- Dr. 58,000
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Discount A/c Dr. -------- Balan who has a car driving school gives you the following ledger
To Bills receivable A/c 60,000 balances. Prepare trial balance as on 31st December, 2016.
(Bills receivable discounted with Rs. Rs.
the bank) Computer 26,000 Freehold land 30,000
15 --------------------------- Dr. -------- Salaries to drivers 4,000 Bank loan 15,000
To Bank A/c 60,000 Taxes and insurance 16,500 Fees received 18,150
(Bill discounted with the bank Fuel and Power 2,000 Capital 53,850
dishonoured) Rent and rates 1,500 Advertisement 7,000

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44. Enter the following credit transactions in the purchases book of 3 Credit sales to Govindan 12,000
Manoharan, a Provisions Merchant.
4 Credit purchases from Balaraman 27,000
2018 5 Cash purchases 8,800
May 8 Govindan settled his account @ 2% cash
2 Bought from Vasu 100 bags of Rs. 800 per bag discount
rice @ 12 Paid Balaraman Rs. 26,800 and settle his
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account
8 Bought from Cheyyar Sugar Mills Rs.2,600 per bag
Ltd., 20 bags of sugar @ 15 Cash withdrawn for personal expenses 4,000
29 Received from Madhan Rs. 4,800 in 5,000
10 Bought from Ram Flour Mill, Rs. 750 per bag settlement of his account for
Coimbatore, 10 bags of wheat
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flour @ 30 Paid salaries in cash 4,000
15 Bought from Nilgiri Tea Co., Rs. 900 per case 46. Prepare analytical petty cash book from the following particulars
Nilgiris, 15 cases of tea @ under imprest system:
25 Bought from Sairam Coffee Works Rs. 190 per kg. 2018 Rs.
Ltd., 100 kgs of Coffee @ July
s.
29 Bought from X & Co. furniture Rs. 2,000 1 Received advance from cashier 2,000
worth 7 Paid for writing pads and registers 100
(OR) 8 Purchased white papers 50
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Enter the following transactions in the purchases and sales books 10 Paid auto charges 200
of Kannan, an automobile dealer, for the month of December, 15 Paid wages 300
2017.
18 Postal charges 100
2017 Rs. 21 Purchased stationery 450
Dec o 23 Tea expenses 60
1 Bought from Sumathi gear boxes on credit 17,800 25 Paid for speed post 150
4 Sold goods to Rani on credit 15,200 27 Refreshment expenses 250
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6 Purchased goods on credit from Mani 7,000 31 Paid for carriage 150
10 Sold goods on credit to Saranya 12,500 (OR)
17 Sold goods to Hussain on credit 13,250 Prepare bank reconciliation statement from the following data and
find out the balance as per cash book as on 31st March, 2018.
21 Purchased goods on credit from Raghunathan 10,000
Particulars Rs.
26 Sold goods to Shyam for cash 3,000
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(i) Bank balance as per bank statement 15,000

45. Enter the following transactions in a single column cash book of (ii) Cheques issued but not yet presented for payment 2,500
Pandeeswari for the Month of June, 2018
(iii) Interest charged by bank not recorded in the cash 500
2018 Rs. book
.s
June
(iv) Bank paid insurance premium as per standing 300
2 Started business with cash 50,000 instruction but not recorded in the cash book
8 Paid rent in cash 4,000 (v) Cheques deposited but not yet credited 900
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10 Purchased printer for cash 7,500

47. Given below are the entries in the bank column of the cash book
11 Cash purchases 15,000 and the bank statement. Determine the missing items and rewrite
14 Cash sales 10,000 the bank statement.
Cash Book
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17 Commission received in cash 6,000

(Bank column)
20 Cash withdrawn for personal use 3,000
Amount Amount
21 Paid speed post charges in cash 3,500 Date Particulars Date Particulars
Rs. Rs.
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(OR) 2017 2017

Enter the following transaction in Chandran’s cash book with cash Oct. 1 To Balance b/d 20,525 Oct. 8 By Kamala A/c 12,000
and discount column. 18 To Ram A/c 6,950 26 By Magesh A/c 9,740
19 To Sales A/c ( Ravi) 450 28 By Mala A/c 11,780
2018 Rs.
20 To Commission A/c 200 30 By Salaries A/c 720
Nov 20 (Kala) 31 By Balance c/d 1,695
1 Cash balance 22,000 To Nirmala A/c 7,810
2 Cash Sales 14,000 35,935 35,935

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Bank statement
Dr. Cr. Balance

Date Particulars Withdrawals Deposits Dr./Cr.
Rs. Rs. Rs.
1.10.17 By Balance b/d ---------
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9.10.17 ------------------ 12,000 8525 Cr
19.10.17 By Ram --------- 15475 Cr
25.10.17 By Ravi 450 ---------
26.10.17 ------------------ 9,740 6185 Cr
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27.10.17 By Kala 200 ---------
28.10.17 To Rajan (salaries) --------- 5665 Cr
(OR)
Determine the missing figure of the three column cash book of Udhayakumar
2018
s.
Rs.
Sep
1 Cash balance 25,000
1 Bank balance (cr.) 13,070
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3 Paid into bank 15,000
4 Received cash from Shyamala & Co., 9,380
Discount allowed to the Rs. 120
10 Goods sold for cash 7,600
11 Cash purchases
o 11,750
12 Gave Padma a cheque for Rs. 21,375 and was 125
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allowed a discount of
18 Purchased a printer by cheque 7,600
23 Received cash from Rajasekar 14,320
Discount allowed to him Rs. 180
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In the books of Udhayakumar

Dr. Three column cash book Cr.
Amount (Rs.) Amount (Rs.)

.s
Received
Discount
Discount
R.N.
Allowed
L.F.
V.N.
L.F.
Date Particulars Cash Bank Date Particulars Cash Bank

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2018 2018
Sep Sep
1 To Balance b/d 25,000 1 By Balance b/d -------
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3 To Cash A/c C ------ 3 By Bank A/c C 15,000

4 To Shyamala & Co. A/c 120 9,380 11 By Purchase A/c -------
10 ------------- 7,600 12 By Padma A/c 125 21,375
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23 To Rajasekar A/c ---- 14,320 18 By Printer A/c --------

30 To Balance c/d ------ 30 By Balance c/d -------
300 56,300 42,045 125 56,300 42,045


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28. (a) Bank statement or Bank Pass book

ANSWERS (b) Bank overdraft
Section - I 29. (i) Debit column

(ii) Debit column
I. 1. (d) None of the above
(iii) Credit column
2. (d) Discount
(iv) Debit column
3. (c) Business entity concept
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4. (d) The Institute of Chartered Accountants of India 30.
5. (b) Both (A) and (R) are true and (R) is not the correct Amount
Invoice
L.F.
No.
explanation of (A) Date Particulars Details Total
6. (b) Cash A/c Rs. Rs.
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7. (d) Know the balance of each ledger account 2018 Sarvana Traders, Sayalkudi
8. (b) Debit balance July 5 10 packs of A4 Sheets @ Rs. 250 2,500
per pack
9. (d) All accounts
10 dozens writing pads @ Rs. 850 8,500
10. (d) Pass book is meant fro recording all expenses
per dozen
11. (c) 4 3 2 1
s.
11,000
12. (d) Sales returns book - Debit note number Less: 10% Trade discount 1,100
13. (b) Withdrew cash from bank for office use 9,900
14. (c) An asset July Mohan & Co., Mudukulathur
15. (c) A customer’s account in the bank’s book
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20 5 white boards @ Rs. 2,200 each 11,000
16. (a) Rs. 1,950 credit balance 10 dozens writing pads @ Rs. 850
17. (c) decrease in asset and decrease in liability per dozen 8,500 19,500
18. (c) (iv) (ii) (iii) (i) Sales A/c Cr. 29,400
19. (c) Assets = Liabilities + Capital
20. (a) Sold goods Section - III
Section - II
o 31. (i) External users are the persons who are outside the organisation
but make use of accounting information for their purposes.
21. (i) Forecasting : With the help of the various tools of accounting,
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(ii) The internal users are owners, management and employees
future performance and financial position of the business
who are within the organisation.
enterprises can be forcasted.
(ii) Assistance to Government regulations : Government needs (iii) The main need for accounting information is ascertain the
full information on the financial aspects of the business, so profit or loss of the business enterprise.
that proper tax can be levied on the income earned by the 32. (i) Only financial transactions are to be recorded because it is
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enterprises. due to Money Measurement concept, which states that only

22. According R.N. Carter defines, “Book keeping is the science and those transactions are to be recorded in the books of accounts
art of recording correctly in the books of account all those business which consist of cash.
transactions of money or money’s worth”.
(ii) Hence it is concerned with the Nominal value not the real
23. For nominal accounts, the rule is debit all expenses and losses and
value.
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credit all incomes and gains.

(iii) For example Mohan purchase television for ` 12,000. So this,
24. The process of transferring the debit and credit items from the
will recorded in journal entry book as it has cash transactions.
journal to the ledger accounts is called posting.
33. (i) Personal account :
25. (i) Trial balance is a statement containing the debit and credit
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balances of all Ledger Accounts on a particular date. (a) Natural person’s account
(b) Artificial person’s account
(ii) It is arranged in the form of debit and credit columns placed
side by side and prepared with the object of checking the (c) Representative personal accounts
arithmetical accuracy of entries made in the books of accounts (ii) (a) Natural person means human beings.
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and to facilitate preparation of financial statements.

(b) Artificial person refers to the persons other than human
26. According to the Negotiable Instruments Act, 1881, “Bill of beings recognised by law as persons. They include
exchange is an instrument in writing containing an unconditional business concerns, charitable institutions, etc.
order, signed by the maker, directing a certain person to pay a
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certain sum of money only to, or to the order of a certain person or (c) These are the accounts which represent persons natural
to the bearer of the instrument”. or artificial or a group of persons.
Time of allowance : Cash discount is allowed by the seller or
27. (i) (iii) (a) Vinoth account, Malini account.
creditor to the buyer or debtor at the time of making payment. (b) BHEL account, Bank account.
Trade discount is allowed by the seller to the buyer when (c) Outstanding salaries account, Prepaid rent account.
goods are sold.
(ii) Deduction from invoice value : Cash discount is not
deducted from the invoice value of goods.
Trade discount is deducted from the list price of the goods.

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34. Basis of
S. No. Journal Ledger
Distinction
1. Stage Recording of entries in these Recording of entries in the ledger is the
books is the first stage. second stage.
2. Process The process of recording entries in The process of recording entries in the
the books is called “Journalising”. ledger is called “Posting”.
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3. Transactions Transactions relating to a person Transactions relating to a particular account
or property or expenses are spread are found together on a particular stage.
over.
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35. Yes, A trial balance is only a prima facie evidence of the arithmetical accuracy of records. Trial balance is a statement containing the debit
and credit balances of all ledger accounts on a particular date. It is arranged in the form of debit and credit columns placed side by side
and prepared with the object of checking the arithmetical accuracy of entries made in the books of accounts and to facilitate preparation of
financial statements.
36. (a) Assets = Capital + Liabilities
s.
` 1,00,000 = ` 80,000 + ` 20,000
(b)
` 2,00,000 = ` 1,60,000 + ` 40,000
(c)
` 2,40,000 = ` 1,60,000 + ` 80,000
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37. (i) In the books of Mr. Vinoth
Opening Entry
Debit Credit
L.F.
Date Particulars
` `
2018
Jan. 1
Cash A/c
Stock A/c
o Dr.
Dr.
40,000
50,000
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Debtor A/c Dr. 20,000
Machinery A/c Dr. 40,000
To Creditor A/c 10,000
To Vinoth's capital A/c 1,40,000
(Being balance brought forward)
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(ii) Ledger Account

Dr. Vinoth’s Capital Account Cr.
Amount Amount
Date Particulars J.F. Date Particulars J.F.
.s
` `
2018 Jan 31 To Balance c/d 1,40,000 2018 Jan 1 By Sundry Assets A/c 1,40,000
1,40,000 1,40,000
2018 Feb 1 By Balance b/d 1,40,000
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38. (i) ` 2,00,000

(ii)
` 82,000
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(iii) Furniture and Books

(iv) Mr. Ravi is debtor due the amount is ` 25,000.
39. Correct Entries :

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(i) Cash A/c Dr

To Capital A/c
(ii) Purchase A/c Dr
To Cash A/c
(iii) Correct entry
(iv) Cash A/c Dr
To Commission received A/c

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40. Journal Entries
L.F.
Date Particulars Debit Rs. Credit Rs.
2018 Bills receivable A/c Dr. 60,000
Jan 4 To Padmini and Co. A/c 60,000
(Bills received for the amount due)
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5 Bank A/c Dr. 58,000
Discount A/c Dr. 2,000
To Bills receivable A/c 60,000
(Bills receivable discounted with the bank)
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15 Padmini & Co A/c Dr. 60,000
To Bank A/c 60,000
(Bill discounted with the bank dishonoured)
Section - IV
s.
41.
Total Total
S. Cash Stock Capital
Transactions Assets = Liabilities
No.
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` ` `
` `
a) Started business with cash
+80,000 +80,000
Balance +80,000 +80,000
Equation +80,000 = +80,000
b) Cash purchases
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–30,000 +30,000
Balance +50,000 +30,000 +80,000
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Equation +80,000 = +80,000
c) Paid salaries by cash
–5,000 –5,000
Balance +45,000 +30,000 +75,000
Equation +75,000 = +75,000
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d) Bought goods from Kumar and

deposited money in CDM –5,000 +5,000
Balance +40,000 +35,000 +75,000
.s
Equation +75,000 = +75,000
(OR)
In the books of Mary
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Journal Entries
Debit Credit
Date Particulars L.F.
` `
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2018 March Purchases A/c Dr. 20,000

1 To Sibi A/c 20,000
(Rice bags bought on credit)
2 Electricity charges A/c Dr. 500
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To Bank A/c 500

(Electricity charged paid by net banking)
3 Sibi A/c Dr. 5,000
To Purchases return A/c 5,000
(Goods returned to Sibi)
5 Advertisements expenses A/c Dr. 2,000
To Cash A/c 2,000
(Advertisement expenses paid)

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6 Mano A/c Dr. 20,000

To Sales A/c 20,000
(Credit sales)
7 Sales return A/c Dr. 5,000
To Mano A/c 5,000
(Goods returned to Mano)
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42. Journal Entries
Debit Credit
` `
co
2018 Aug. Cash A/c Dr. 70,000
1 To Dharma's Capital A/c 70,000
(Amount invested in business)
6 Cash A/c Dr. 10,000
To Ganesan's A/c 10,000
s.
(Cash received)
10 Rent A/c Dr. 3,000
To Cash A/c 3,000
(Rent paid)
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20 Cash A/c Dr. 5,000
To Commission received A/c 5,000
(Commission received)
Ledger Account
Dr.
o Cash Account Cr.
Amount Amount
ab
` `
2018 Aug 1 To Dharma's Capital A/c 70,000 2018 Aug 10 By Rent A/c 3,000
6 To Ganesan's A/c 10,000 31 By Balance c/d 82,000
20 To Commission received A/c 5,000
85,000 85,000
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2018 Sep 01 To Balance b/d 82,000
Dr. Dharma’s Capital Account Cr.

Amount Amount
.s
` `
2018 Aug 31 To Balance c/d 70,000 2018 Aug 1 By Cash A/c 70,000
70,000 70,000
2018 Sep 1 By Balance b/d 70,000
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Dr. Ganesan’s Account Cr.

Amount Amount
w
` `
10,000 10,000
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Dr. Rent Account Cr.
Amount Amount
` `
2018 Aug 10 To Cash A/c 3,000 2018 Aug 31 By Balance c/d 3,000
3,000 3,000
2018 Sep 1 To Balance b/d 3,000

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Dr. Commission received Account Cr.
Amount Amount
` `
5,000 5,000
m
(OR)
In the books of Ganesan
co
Journal Entries
Debit Credit
` `
2018 Oct. 1 Cash A/c Dr. 25,000
To Capital A/c 25,000
s.
(Amount invested in business)
5 Bank A/c Dr. 12,500
To Cash A/c 12,500
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(Cash paid into Bank)
10 Furniture A/c Dr. 2,000
To Bank A/c 2,000
(Furniture purchased by cheque)
15 Purchases A/c Dr. 5,000
To Cash A/c
(Cash purchases)
o 5,000
19 Vasu A/c Dr. 4,000

ab
To Sales A/c 4,000
(Credit sales)
Ledger Account
Dr. Cash Account Cr.
ur
Amount Amount
` `
2018 Oct. 1 To Capital A/c 25,000 2018 Oct. 5 By Bank A/c 12,500
15 By Purchases A/c 5,000
.s
31 By Balance c/d 7,500

25,000 25,000
2018 Nov. 1 To Balance b/d 7,500
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Dr. Capital Account Cr.

Amount Amount
` `
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2018 Oct. 31 To Balance c/d 25,000 2018 Oct. 1 By Cash A/c 25,000
25,000 25,000
2018 Nov. 1 By Balance b/d 25,000
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Dr. Bank Account Cr.

Amount Amount
` `
2018 Oct. 5 To Cash A/c 12,500 2018 Oct. 10 By Furniture A/c 2,000
12,500 12,500

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Dr. Furniture Account Cr.
Amount Amount
` `
2018 Oct. 10 To Bank A/c 2,000 2018 Oct. 31 By Balance c/d 2,000
m
2,000 2,000
Dr. Purchases Account Cr.
co
Amount Amount
` `
2018 Oct. 15 To Cash A/c 5,000 2018 Oct. 31 By Balance c/d 5,000
5,000 5,000
s.
Dr. Vasu Account Cr.
ok
Amount Amount
` `
2018 Oct. 19 To Sales A/c 4,000 2018 Oct. 31 By Balance c/d 4,000
4,000 4,000
2018 Nov. 1 To Balance b/d
o 4,000
ab
Dr. Sales Account Cr.
Amount Amount
` `
2018 Oct. 31 To Balance c/d 4,000 2018 Oct. 19 By Vasu A/c 4,000
ur
4,000 4,000
2018 Nov. 1 By Balance b/d 4,000
.s
43. In the books of Rajesh Trias Balance as on 31st March 2018
Debit Credit
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L.F.
S. No. Name of Account Balance Balance
` `
1. Bills receivable 13,000
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2. Bank charges 750

3. Conveyance charges 350
4. Discount received 1,300
5. Cash in hand 1,000
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6. Drawings 7,000
7. Sundry debtors 17,100
8. Bills payable 2,000
9. Capital 25,900
10. Sundry creditors 10,000
Total 39,200 39,200

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(OR)
In the books of Balan Driving School Trial Balance as on 31.12.2016
Debit balance Credit balance

S.No. Name of account L.F.
` `
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1. Computer 26,000
2. Salaries to drivers 4,000
3. Taxes and insurance 16,500
4. Fuel and Power 2,000
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5. Rent and rates 1,500
6. Freehold land 30,000
7. Bank loan 15,000
8. Fees received 18,150
9. Capital 53,850
s.
10. Advertisement 7,000
Total 87,000 87,000
ok
44. In the Books of Manoharan
Purchases Book
Inward Amount
o Invoice No. Details (`) Total (`)
2018 May 2 Vasu
100 bags of Rice @ ` 800 80,000
ab
May 8 Cheyar Sugar Mills Ltd.,
20 bags of Sugar @ ` 2,600 52,000
May 10 Ram Flour Mill
10 bags of wheat flour @ ` 750 7,500
May 15 Nilgiri Tea Co.,
ur
15 cases of tea @ ` 900 13,500
May 25 Sairam Coffee Works Ltd.,
100 kgs. of Coffee @ ` 190 19,000

.s

Purchases A/c Dr. 1,72,000
Note : 29th May 2018 transaction is purchase of an asset. Hence the transactions will not be recorded in
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the purchases book.

(OR)
In the books of Kannan
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Purchases book
Amount
Inward
w

Invoice No.
Details (`) Total (`)
2017 Dec 1 Sumathi 17,800
Dec 6 Mani 7,000
Dec 21 Raghunathan 10,000
Purchases A/c Dr. 34,800

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Sales Book
Outward Amount
Invoice No. Details (`) Total (`)
2017 Dec 4 Rani 15,200
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Sales to Rani
Dec 10 Saranya 12,500
Sales to Saranya
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Dec 17 Hussain 13,250
Sales to Hussain
Sales A/c Cr. 40,950
Note : Sold goods to Shyam for cah on Dec. 26, 2017 will not be recorded in the sales book, because it is cash sales.
s.
45. In the Books of Pandeeswari
Dr. Cash Book (Single column) Cr.
ok
Amount Amount
R.N.
V.N.
Date Receipts L.F. Date Payments L.F.
(`) (`)
2018 June 2018 June
2 To Pandeeswari o 8 By Rent A/c 4,000
Capital A/c 50,000 10 By Printer A/c 7,500
14 To Sales A/c 10,000 11 By Purchases A/c 15,000
17 To Commission A/c 6,000 20 By Drawings A/c 3,000
ab
21 By Post charges A/c 3,500
66,000 66,000
July 1 To Balance b/d 33,000
ur
(OR)
In the Books of Mr. Chandran
.s
Dr. Cash Book (with Cash and Discount columns) Cr.

R.N.
V.N.
L.F.
L.F.
Amount Amount
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Date Receipts Date Payments

Discount Cash Discount Cash
allowed received
(`) (`) (`) (`)
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2018 2018
Nov 1 To Balance b/d 22,000 Nov 5 By Purchases A/c 8,800
2 To Sales A/c 14,000 12 By Balaraman A/c 200 26,800
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8 To Govindan A/c 240 11,760 15 By Drawings A/c 4,000

30 By Salaries A/c 4,000
29 To Madhan A/c 200 4,800 30 By Balance c/d 8,960
440 52,560 200 52,560
Dec 1 To Balance b/d 8,960

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46. Analytical Petty cash book

Dr. Analysis of Payments Cr.
Postage and
Conveyance
Printing &
Stationery
telegrams
Accounts
Carriage
Payment
Sundries
Personal
Receipts
C.
Wages
Total
B. V. L.
Date Particulars
F. N. F.
m
N.
(`) (`) (`) (`) (`) (`) (`) (`) (`)
2018
co
July
2,000 1 To Cash
7 By Writing pads and
s.
registers 100 100
8 By White papers 50 50
10 By Auto charges 200 200
ok
15 By Wages 300 300
18 By Postal charges 100 100
21 By Stationery 450 450
23 By Tea expenses 60 60
25 By Speed Post
o 150 150
27 By Refreshment Expenses 250 250
ab
31 By Carriage 150 150
1,810 600 200 300 250 150 310
31 By Balance c/d 190
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2,000 2,000
Aug
190 1 To Balance b/d
.s
1810 To Cash
(OR)
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Bank Reconciliation Statement as on 31st March 2018
Amount Amount
Particulars
w
` `
Bank balance as per bank statement 15,000
Add : Interest charged by bank 500
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Bank paid Insurance Premium 300

Cheques deposited but not yet credited 900 1,700
16,700
Less : Cheques issued but not yet presented 2,500
Balance as per Cash book 14,200

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47. Bank statement
Dr. Cr. Balance

Date Particulars Withdrawals Deposits Dr./Cr.
Rs. Rs. Rs.
1.10.17 By Balance b/d 20,525
m
9.10.17 To Kamala 12,000 8525 Cr
19.10.17 By Ram 6,950 15475 Cr
25.10.17 By Ravi 450 15,925
26.10.17 By Magesh 9,740 6185 Cr
co
27.10.17 By Kala 200 6,385
28.10.17 To Rajan (salaries) 720 5665 Cr
(OR)
s.
In the books of Udhayakumar
Dr. Three column cash book Cr.
ok
Amount (Rs.) Amount (Rs.)
R.N.
Received
Discount
Discount
L.F.
Allowed
V.N.
L.F.
Date
2018
Particulars
o Cash Bank Date
2018
Particulars Cash Bank
ab
Sep Sep
1 To Balance b/d 25,000 1 By Balance b/d 13,070
3 To Cash A/c C 15,000 3 By Bank A/c C 15,000
4 To Shyamala & Co. A/c 120 9,380 11 By Purchase A/c 11,750
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10 To Sales A/c 7,600 12 By Padma A/c 125 21,375

23 To Rajasekar A/c 180 14,320 18 By Printer A/c 7,600
30 To Balance c/d 27,045 30 By Balance c/d 29,550
300 56,300 42,045 125 56,300 42,045
.s

w
w
w

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11
th
STD.
Sura’s Model Question Paper - 1 for Volume - I & II
(with Answer Key)
Time : 2.30 Hours ACCOUNTANCY Marks : 90
m
PART - I
Answer all the questions.
co
Choose the correct answer. 20 × 1 = 20
1. Who is considered to be the internal user of the financial information?
s.
(a) Creditor (b) Employee
(c) Customer (d) Government
ok
2. __________ ends up with the preparation of trading and profit and loss account and balance sheet.
(a) Cost Accounting (b) Human Resource Accounting
(c) Management Accounting (d) Financial Accounting
3. GAAPs are :
o
ab
(a) Generally Accepted Accounting Policies (b) Generally Accepted Accounting Principles
(c) Generally Accepted Accounting Provisions (d) None of these
4. A firm has assets are of ` 1,00,000 and the external liabilities of ` 60,000. Its capital would be __________.
ur
(a) ` 1,60,000 (b) ` 60,000

(c) ` 1,00,000 (d) ` 40,000
.s
5. Goodwill is an example of __________.

(a) tangible real A/c (b) intangible real A/c
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(c) nominal A/c (d) none of these
6. The amount brought into the business by the proprietor should be credited to
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(a) Cash account (b) Drawings account

(c) Capital account (d) Suspense account
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[ 17 ]

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18 +1 Std - Accountancy  Sura’s Model Question Paper with Answer Key
7. A machine costing ` 2,00,000 was depreciated @ 25% per annum using written down value method. At the
end of three years it will have a book value of __________ .
(a) ` 1,50,000 (b) ` 84,375
(c) ` 1,12,500 (d) ` 2,00,000
m
8. Trial balance is a __________.
(a) Statement (b) Account
co
(c) Ledger (d) Journal
9. _________ method is not commonly used as it cannot help in the preparation of financial statements.
s.
(a) Total Method (b) Balance Method
(c) Total and Balance Method (d) None of these
ok
10. Purchases of fixed assets on credit basis is recorded in __________.
(a) Purchases book (b) Sales book
(c) Purchases returns book o (d) Journal proper
11. Which of the following is recorded as contra entry?

(a) Withdrew cash from bank for personal use
ab
(b) Withdrew cash from bank for office use
(c) Direct payment by the customer in the bank account of the business
ur
(d) When bank charges interest
12. On Jan 1st 2015, 1,000 given to petty cashier. He has spent ` 860 during the month of January. On Feb 1st to make
the imprest he will receive cheque for __________.
.s
(a) ` 1,000 (b)

` 860
(c) ` 1,860 (d)
` 960
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13. A bank statement is a copy of __________.

(a) Cash column of the cash book (b) Bank column of the cash book
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(c) A customer’s account in the bank’s book (d) Cheques issued by the business
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14. Which of the following errors will be rectified using suspense account?
(a) Purchases returns book was undercast by ` 100
(b) Goods returned by Narendran was not recorded in the books
(c) Goods returned by Akila ` 900 was recorded in the sales returns book as ` 90
(d) A credit sale of goods to Ravivarman was not entered in the sales book.

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+1 Std - Accountancy  Sura’s Model Question Papers with Answer Key 19
15. Under the written down value method of depreciation, the amount of depreciation is __________.
(a) Uniform in all the years (b) Decreasing every year
(c) Increasing every year (d) None of the above
16. Interest on bank deposits is __________.
m
(a) Capital receipt (b) Revenue receipt
(c) Capital expenditures (d) Revenue expenditures
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17. Salaries appearing in the trial balance is shown on the __________.
(a) Debit side of trading account (b) Debit side of profit and loss account
s.
(c) Liabilities side of the balance sheet (d) Assets side of the balance sheet
18. Closing stock is valued at __________.
ok
(a) Cost price (b) Market price
(c) Cost price or market price whichever is higher (d) Cost price or net realisable value whichever is lower
19. Expand CAS __________. o

(a) Common Application Software (b) Computerised Accounting System
ab
(c) Centralised Accounting System (d) Certified Accounting System
20. __________ consists of input devices and output devices that make a complete computer system.
(a) Software (b) Hardware

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(c) Scanner (d) Printer
PART - II
.s
Answer any seven questions in which question No.30 is compulsory. 7 × 2 = 14

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21. Define accounting.

22. Complete the accounting equation.
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(a) Assets = Capital + Liabilities
` 1,00,000 = ` 80,000 + ?
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(b) Assets = Capital + Liabilities
` 2,00,000 = ? + ` 40,000

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23. What is sales returns book?

24. Prepare trading account in the books of Sivashankar from the following figures :
Particulars ` Particulars `
Opening stock 1,500 Purchases 3,500
m
Sales 4,600 Closing stock 1,300
25. Prepare a Sales account from the following transactions.
co
2018 Jan. `
1 Sold goods to Sam 4,000
4 Sold goods to Suresh 2,500
s.
11 Sold goods to Joy 8,000
17 Sold goods to Rajan 3,000
ok
26. What is outstanding expense?
27. What is trade discount? o

28. Definition of trial balance.
29. Do you agree on the following statements? Write “yes” if you agree, and write “no” if you disagree.
ab
(a) Bank reconciliation statement is prepared by the banker.
(b) Adjusting the cash book before preparing the bank reconciliation statement is compulsory.
ur
(c) Credit balance as per bank statement is an overdraft.
(d) Bank charges debited by the bank increases the balance as per bank statement.
.s
30. What is meant by rectification of errors?
PART - III
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Answer any seven questions in which question No.40 is compulsory. 7 × 3 = 21

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31. “Only monetary transactions are recorded in accounting”. Explain the statement.
32. Indicate how assets, liabilities and capital are affected by each of the following transactions with an accounting
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equation.
i) Purchase of machinery for cash ` 3,00,000
ii) Receipt of cash from a debtor ` 50,000
iii) Cash payment of a creditor ` 30,000

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33. Classify the following items into capital and revenue.
i) ` 50,000 spent for railway siding.

ii) Loss on sale of old furniture
iii) Carriage paid on goods sold.
m
34. Enter the following transactions in the purchases and sales books of Kannan, an automobile dealer, for the
month of December, 2017.
co
2017 Dec. `
1 Bought from Sumathi gear boxes on credit 17,800
s.
4 Sold goods to Rani on credit 15,200
6 Purchased goods on credit from Mani 7,000
ok
10 Sold goods on credit to Saranya 12,500
17 Sold goods to Hussain on credit 13,250
21 Purchased goods on credit from Raghunathan 10,000
26
o
Sold goods to Shyam for cash 3,000
ab
35. Give journal entries for the following transactions and post them to ledger.
2015 Mar. `
1 Goods sold to Somu on credit 5,000
ur
7 Furniture purchased for cash 300

15 Interest received 1,800
.s
36. A manufacturing company purchased on 1 April, 2010, a plant and machinery for ` 4,50,000 and spent
` 50,000 on its installation. After having used it for three years, it was sold for ` 3,85,000. Depreciation is to
w
be provided every year at the rate of 15% per annum on the fixed instalment method. Accounts are closed on
31st March every year. Calculate profit or loss on sale of machinery.
w
w

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37. Enter the following transactions in a single column cash book of Seshadri for May, 2017.
`
May 1 Cash in hand 40,000
5 Cash received from Swathi 4,000
m
7 Paid wages in cash 2,000
10 Purchased goods from Sasikala for cash 6,000
15 Sold goods for cash 9,000
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18 Purchased computer 15,000
22 Cash paid to Sabapathi 5,000
28 Paid Salary 2,500
30 Interest received 500
s.
38. The trial balance of a trader on 31st December, 2016 shows sundry debtors as ` 50,000.
Adjustments :
ok
(a) Write off ` 1,000 as bad debts
(b) Provide 5% for doubtful debts o
(c) Provide 2% for discount on debtors
Show how these items will appear in the profit and loss A/c and balance sheet of the trader.
ab
39. Prepare the trial balance from the following information:
Name of the account ` Name of the account `

ur
Bank loan 2,00,000 Purchases 1,80,000

Bills payable 1,00,000 Sales 3,00,000
Stock 70,000 Debtors 4,00,000
.s
Capital 2,50,000 Bank 2,00,000
40. Mention any three limitations of computerised accounting system.

w
w
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PART - IV
Answer all the questions. (7 × 5 = 35)
41. a) From the following transactions of Shyam, a stationery dealer, pass journal entries for the month of August
2017.
m
August
1 Commenced business with cash ` 4,00,000, Goods ` 5,00,000
2 Sold goods to A and money received through RTGS ` 2,50,000
co
3 Goods sold to Z on credit for ` 20,000
5 Bill drawn on Z and accepted by him ` 20,000
8 Bill received from Z is discounted with the bank for ` 19,000
10 Goods sold to M on credit ` 12,000
s.
12 Goods distributed as free samples for ` 2,000
16 Goods taken for office use ` 5,000
17 M became insolvent and only 0.80 per rupee is received in final settlement
ok
20 Bill of Z discounted with the bank is dishonoured
(or)
b) From the following balances, prepare trial balance of Baskar as on 31st March, 2017. Transfer the difference,
if any, to suspense account.
`
o `
Opening stock 40,000 Carriage inwards 16,500
ab
Capital 90,000 Bills receivable 20,000
Sales 1,77,200 Commission received 5,550
Salaries 12,000 Cash at bank 17,000
Bills payable 9,450 Furniture 19,000
ur
Telephone charges 2,350 Plant & Machinery 55,800

Creditors 16,000 Repairs 550
Purchases 85,000
.s
Debtors 25,000
42. a) Prepare trading and profit and loss account and balance sheet in the books of Deri, a trader, from the
following balances as on March 31, 2018.
w
Debit balances ` Credit balances `

Stock 10,000 Sales 1,22,500
Cash 2,500 Creditors 5,000
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Bank 5,000 Bills payable 2,000

Freight inwards 750 Capital 1,00,000
Purchases 95,000
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Drawings 4,500
Wages 27,500
Machinery 50,000
Debtors 13,500

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Postage (office) 150

Sundry expenses 850
Rent paid 2,500
Furniture 17,250
2,29,500 2,29,500
m
Closing stock (31st March, 2018) ` 8,000
(or)
co
b)
From the following information, prepare purchase day book and purchases returns book for the month of
June, 2017 and post them into ledger accounts in the books of Robert Furniture Mart.
2017 June 1 Purchased from Balu Traders 20 chairs @ ` 150 each on credit
June 13 Bought from Subash @ Co., on credit
s.
2 Almirah @ ` 3,100 each
10 tables @ ` 1,500 each
15 chairs @ ` 200 each
ok
Less: 10 % Trade discount on all items
Add: Freight charges ` 220
June 21 Returned 2 damaged chairs to Balu Traders and cash not received
June 24 Purchased from Sunrise Furniture Mart on credit
o
25 Almirahs @ ` 1,300 each
June 27 Purchased from Mouli Traders on credit
ab
10 executive tables @ ` 3,275 each
June 29 Returned 3 Almirahs to Sunrise Furniture Mart and cash not received
43. a) Give journal entries for the following transactions and post them to ledger.
2016 Sep. `
ur
1 Commenced business with cash 80,000

7 Bought goods for cash from Roopan 10,000
10 Purchased goods from Hema on credit 42,000
.s
22 Goods returned to Hema 2,000

23 Cash paid to Hema 10,000
(or)
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b) Enter the following transactions in Iyyappan’s petty cash book with analytical columns under imprest
system.
`
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2017 Jan 1 Balance on hand 250

1 Cash received from the chief cashier 1,050
2 Purchased pencil, rubber and paper 200
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4 Sent documents to Head Office by registered post 120

5 Travelling expenses paid to salesman 150
7 Paid for sundry expenses 60
9 Paid for office expenses 50
11 Paid for letter pad 175
13 Paid to Amutha on account 66

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15 Paid for repairs to furniture 78

18 Carriage paid 83
20 Bought postal stamps 55
22 Paid for telephone charges 175
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44. a) From the following particulars, give journal entries for 2 years and prepare machinery account under
straight line method of providing depreciation:
Machinery was purchased on 1.1.2016
co
Price of the machine ` 36,000
Freight charges ` 2,500
Installation charges ` 1,500
Life of the machine 5 years
s.
(or)
b)
Enter the following transactions in the three column cash book of Chozhan.
ok
`
2017 April 1 Chozhan started business with cash 50,000
2 Opened a current account with a bank 32,000
10 Cash sales 14,000

o
11 Cash paid in the bank 10,000
19 Purchased computer for office use by cheque 24,000
ab
22 Withdrawn cash from bank 9,000
25 Purchased goods by cheque 7,600
27 Interest on overdraft charged by the bank 350
28 Paid salary by ECS to employees 30,000
ur

30 Drew cash for household expenses 6,500
45. a) Prepare a Bank reconciliation statements of Mr. Srinivasan.

.s
Dr. Cash Book Cr.

Amount Amount
Date Particulars Date Particulars
w
` `
2015 Feb 1 To Balance b/d 22,148 2015 Feb 3 By Mani 2,822
18 To Kumar 12,000 15 By Giri 750
19 To Sales return 200 20 By Chidambaram 87
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28 To Balu 8,345 20 By Purchases-Padma 182

28 To Commission - Babu 810 26 By Salaries - Somu 150
28 To Venkatesh 3,412 26 Chandra 8,820
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28 Rangan 2,346

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By Balance c/d 31,758

46,915 46,915
2015 Mar 1 To Balance b/d 31,758
Pass Book
m
Dr. Cr. Balance
Date Particulars Withdrawals Deposits Dr. / Cr.
` ` `
2016 Feb 1 By balance b/d 22,148
co
4 To Mani 2,822 19,326
16 To Giri 750 18,576
19 By Kumar 1,200 30,576
220 By Raman 200
2020 To Chidambaram 87
s.
220 To Padma 182 30,507 Dr.
26 To Somu 150 30,357 Dr.
28 To Insurance Premium 92
ok
To B/P A/c 2,500
By Babu 810
By Muthu 1,200
By Interest o 32
By Interest on Investment 135
By B/R A/c 750 30,692 Cr.
ab
(or)
b)
From the following information, prepare the necessary subsidiary books for Nalanda Book Stores.
2017 Dec. 1 Bought from M/s. Umadevi on credit
100 copies Business Statistics Book @ ` 80 each
ur
100 copies Accountancy Book @ ` 150 each

Dec. 7 Sold to Sridevi & Co., on credit
240 copies Business Statistics @ ` 90 each
.s
250 copies Accountancy books @ ` 170 each

Dec. 10 Bought from Subha & Co.,
40 Copies Economics books @ ` 80 each
w
Less: 15% Trade Discount

Dec. 15 eturned to M/s. Uma Devi 10 copies of damaged Accountancy book for which cash is not
R
received
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Dec. 18 Sold to Gupta Bros., on credit

200 copies of Economics book @ ` 95 each
Dec. 26 Returned 6 copies of Economics books to Subha & Co.,
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46. a) Create an accounting equation on the basis of the following transactions:

(i) Started business with cash ` 80,000 and goods ` 75,000
(ii) Sold goods to Shanmugam on credit for ` 50,000
(iii) Received cash from Shanmugam in full settlement ` 49,000
(iv) Salary outstanding ` 3,000
m
(v) Goods costing ` 1,000 given as charity
(vi) Insurance premium paid ` 3000
(vii) Out of insurance premium paid, prepaid is ` 500
co
(or)
b) The following is the trial balance of Babu as on 31st December, 2016.
Debit Credit
Particulars
` `
s.
Stock (01-01-2016) 8,000
Goodwill 13,600
Investments 7,500
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Capital 16,650
Purchases and Sales 24,750 40,500
Returns 750 1,000
Discount 1,100 650
Bad debts
o 400
Debtors and Creditors 10,000 9,100
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Provision for bad debts 600
Bank overdraft 1,250
Printing and stationery 650
Wages 1,250
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Salaries 1,750
69,750 69,750
Prepare trading and profit and loss account for the year ended 31st December, 2016 and a balance sheet as on
.s
that date after the following adjustments.

(a) Salaries outstanding ` 500
(b) Interest on investments receivable at 10%.
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(c) Provision required for bad debts is 5%.

(d) Closing stock is valued at ` 9,900.
47. a) The book-keeper of a firm found that the trial balance was out by ` 922 (excess credit). He placed the
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amount in the suspense account and subsequently found the following errors:
(a) The total of discount column on the credit side of the cash book ` 78 was not posted in the ledger.
(b) The total of purchases book was short by ` 1,000.
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(c) A credit sale of goods to Natarajan for ` 375 was entered in the sales book as ` 735.
(d) A credit sale of goods to Mekala for ` 700 was entered in the purchases book. You are required to give
rectification entries and prepare suspense account.
(or)

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b)
Correct the following trial balance:
Particulars
` `
Opening Stock 1,00,000
Salaries 36,000
m
Creditors 1,32,000
Bank 35,000
Carriage inwards 18,000
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Rent received 9,000
Discount allowed 6,000
Purchases 3,48,000
Bills payable 60,000
Debtors 45,000
s.
Carriage outwards 15,000
Capital 1,63,000
Returns inward 9,000
ok
Discount received 12,000
Trade expenses 18,000
Sales 3,68,000
Building o 1,14,000
Total 7,44,000 7,44,000
ab

ANSWERS
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PART - I
1. (b) Employee
2. (d) Financial Accounting
.s
3. (c) Generally Accepted Accounting Provisions

4. (d) ` 40,000
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5. (b) intangible real A/c

6. (c) Capital account
7. (b) ` 84,375
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8. (a) Statement
9. (a) Total Method
10. (d) Journal proper
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11. (b) Withdrew cash from bank for office use

12. (b) ` 860
13. (c) A customer’s account in the bank’s book
14. (a) Purchases returns book was undercast by ` 100

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15. (b) Decreasing every year

16. (b) Revenue receipt
17. (b) Debit side of profit and loss account
18. (d) Cost price or net realisable value whichever is lower
19. (b) Computerised Accounting System
m
20. (b) Hardware
PART - II
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21. American Accounting Association has defined accounting as “the process of identifying, measuring and
communicating economic information to permit informed judgments and decisions by users of the information.”
22. (a) Assets = Capital + Liabilities
` 1,00,000 = ` 80,000 + ` 20,000
s.
(b) Assets = Capital + Liabilities
` 2,00,000 = ` 1,60,000 + ` 40,000
23. (i) Goods returned by the customers may also known as “returns inwards”.
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(ii) Sales return book has got the same column as Sales Book.
(iii) In this book are recorded the transactions relating to goods sold on credit only.
24. Dr. Trading Account
o Cr.
To Opening stock 1,500 By Sales 4,600
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To Purchases 3,500 By Closing stock 1,300
To Gross Profit c/d 900
5,900 5,900
25. Dr. Sales Account Cr.
ur
Amount Amount
` `
2018 Jan. 1 By Sam A/c 4,000
.s
4 By Suresh A/c 2,500

11 By Joy A/c 8,000
2018 Jan. 31 To Balance c/d 17,500 17 By Rajan A/c 3,000
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17,500 17,500
2018 Feb. 1 By Balance b/d 17,500
(i)
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26. Expenses like wages, salaries, rent, etc. which have been incurred in the accounting period but not paid
at the end of the accounting year are called outstanding expenses.
(ii) Outstanding expense account is a representative personal account.
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27. (i) Trade discount is a deduction given by the supplier to the buyer on the list price or catalogue price of
the goods.
(ii) It is given as a trade practice or when goods are purchased in large quantities. It is shown as a
deduction in the invoice.
(iii) Trade discount is not recorded in the books of accounts. Only the net amount is recorded.
m
28. Accourding to J.R. Batliboi, “A trial balance is a statement, prepared with the debit and credit balances of the
ledger accounts to test the arithmetical accuracy of the books”.
29. (a) Yes (b) No (c) No (d) Yes
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30. (i) The correction of accounting errors in a systematic manner is called the rectification of errors.
(ii) In other words, the process of systematically correcting the accounting errors is known as rectification
of errors.
PART - III
s.
31. (i) Only financial transactions are to be recorded because it is due to Money Measurement concept, which
states that only those transactions are to be recorded in the books of accounts which consist of cash.
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(ii) Hence it is concerned with the Nominal value not the real value.
(iii)
For example Mohan purchase television for ` 12,000. So this, will recorded in journal entry book
as it has cash transactions.
32.
S. No.
o
Transaction Assets = Capital + Liabilities
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i) Purchased Machinery Cash + Machinery = Capital + Liabilites
(–) 30,000 + 3,00,000 = 0 + 0
ii) Cash received from debtors Cash + Debtor = Capital + Liabilites
50,000 + (–) 50,000 = 0 + 0
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iii) Payment to Creditors Cash = Capital + Creditor

(–) 30,000 = 0 + (–) 30,000
33.
.s
S.No. Transactions Classification

i) ` 50,000 spent for railway siding Capital Expenditure
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ii) Loss on sale of old furniture Revenue loss

iii) Carriage paid on goods sold Revenue expenditure
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34. In the Books of Purchases Book
Inward Amount
2017 Dec 1 Sumathi 17,800
m
Dec 6 Mani 7,000
Dec 21 Raghunathan 10,000
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In the Books of Sales Book
s.
Outward Amount
2017 Dec 4 Rani 15,200
ok
Sales to Rani
Dec 10 Saranya 12,500
Sales to Saranya
Dec 17 Hussain
o 13,250
Sales to Hussain
ab

Note : Sold goods to Shyam for cah on Dec. 26, 2017 will not be recorded in the sales book, because it
is cash sales.
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35. Journal entries

Debit Credit
` `
.s
2015 Mar. 1 Somu's A/c Dr. 5,000

To Sales A/c 5,000
(Credit Sales)
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7 Furniture A/c Dr. 300

To Cash A/c 300
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(Cash purchases)
15 Cash A/c Dr. 1,800
To Interest Received A/c 1,800
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(Interest received)

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Ledger Account
Dr. Somu Account Cr.
Amount Amount
` `
2015 Mar 1 To Sales A/c 5,000 2015 Mar 31 By Balance c/d 5,000
m
5,000 5,000
2015 Apr 1 To Balance b/d 5,000
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Amount Amount
` `
2015 Mar 15 To Interest 2015 Mar 7 By Furniture A/c 300
s.
Received A/c 1,800 31 By Balance c/d 1,500
1,800 1,800
2015 Apr 1 To Balance b/d 1,500
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Dr. Sales Account Cr.
Amount Amount
` `
2015 Mar 31 To Balance c/d 5,000 2015 Mar 1 By Somu's A/c 5,000
o 5,000 5,000
2015 Apr 1 By Balance b/d 5,000
ab
Dr. Furniture Account Cr.
Amount Amount
` `
2015 Mar 7 To Cash A/c 300 2015 Mar 31 By Balance c/d 300
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300 300
2015 Apr 1 To Balance b/d 300
Dr. Interest Received Account Cr.

.s
Amount Amount
` `
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2015 Mar 31 To Balance c/d 1,800 2015 Mar 15 By Cash A/c 1,800
1,800 1,800
2015 Apr 1 By Balance b/d 1,800
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36. Calculation of profit or loss on sale of machinery

Amount
Particulars
`
Cost price 4,50,000
m
Add : Installation charges 50,000
5,00,000
Less : Depreciation for 2010 - 11 75,000
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 15 
 5, 00, 000 × 
100 
4,25,000
s.
 15 
 5, 00, 000 × 
100 
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3,50,000
 15 
 5, 00, 000 × 
100 
Book value on the date of sale

o 2,75,000
ab
Less : Selling price 3,85,000
Profit on sale 1,10,000
The selling price is more than the book value on the date of sale of machinery. Hence, the difference
`1,10,000 is profit on sale of machinery.
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37. In the Books of Seshadri

Dr. Cash Book (Single column) Cr.
Amount Amount
.s
R.N.
V.N.
Date Receipts L.F. Date Payments L.F.
(`) (`)
2017 May 2017 May
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1 To Balance b/d 40,000 7 By Wages A/c 2,000

5 To Swathi A/c 4,000 10 By Purchases A/c 6,000
15 To Sales A/c 9,000 18 By Computer A/c 15,000
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30 To Interest A/c 500 22 By Sabapathi A/c 5,000

28 By Salary A/c 2,500
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53,500 53,500
June 1 To Balance b/d 23,000

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38. Dr. Profit and loss account for the year ended 31st December 2016 Cr.
Amount Amount Amount Amount
Particulars Particulars
` ` ` `
To Bad debts A/c 1,000
To Provision for Bad and
m
doubtful debts A/c 2,450
To Provision for discount on
Debtors A/c 931
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Balance sheet as on 31st December 2016
Liabilities Assets
` ` ` `
Sundry Debtors 50,000
Less : Bad debts write off 1,000
s.
49,000
Less : Provision for bad
and doubtful debts 2,450
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46,550
Less : Provision for
discount on debts 931
o 45,619
39. Trial Balance

ab
` `
1. Bank Loan 2,00,000
2. Bills payable 1,00,000
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3. Stock 70,000
4. Capital 2,50,000
5. Purchases 1,80,000
6. Sales 3,00,000
.s
7. Debtors 4,00,000
8. Bank 2,00,000
Total 8,50,000 8,50,000
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40. (i) Heavy cost of installation : Computer hardware needs replacement and software needs to be updated
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from time to time with the availability of newer versions.

(ii) Cost of training : To ensure effective and efficient use of computerised system of accounting, newer versions
of hardware and software are to be introduced.
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(iii) Fear of unemployment : On account of the introduction of computerised accounting system, the employees
feel insecure that they may lose employment and show less interest in computer related work.

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PART - IV
41. a) In the books of Shyam
Journal Entries
Debit Credit
` `
m
August Cash A/c Dr. 4,00,000
1 Goods A/c Dr. 5,00,000
To Shyam's capital A/c 9,00,000
(Shyam commenced business with cash and goods)
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2 Bank A/c Dr. 2,50,000
To Sales A/c 2,50,000
(Sales made and money credited through RTGs)
3 Z's A/c Dr. 20,000
s.
To Sales A/c 20,000
(Credit Sales)
5 Z's A/c Dr. 20,000
To Bills payable A/c 20,000
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(Bill drawn by Z and accepted)
8 Bank A/c Dr. 19,000
Discount A/c Dr. 1,000
To Bill receivable A/c 20,000
(Bills receivable discounted with the bank)
10 M's A/c
o Dr. 12,000
To Sales A/c 12,000
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(Credit sales)
12 Sales promotion A/c Dr. 2,000
To Purchases A/c 2,000
(Goods distributed as free samples)
16 Office expenses A/c Dr. 5,000
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To Purchases A/c 5,000

(Goods taken for office use)
17 Cash A/c (12,000 × 0.80) Dr. 9,600
Bad debts A/c Dr. 2,400
.s
To M A/c 12,000
(Cash received from M in final settlement)
20 Z A/c Dr. 20,000
To Bank A/c 20,000
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(Bill discounted with the bank dishonoured)

(or)
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b) In the books of Baskar Trial Balance as on 31.03.2017

` `
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1. Opening stock 40,000

2. Capital 90,000
3. Sales 1,77,200
4. Salaries 12,000
6. Telephone charges 2,350

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7. Creditors 16,000
8. Purchases 85,000
9. Debtors 25,000
10. Carriage inwards 16,500
11. Bills receivable 20,000
m
12. Commission received 5,550
13. Cash at bank 17,000
14. Furniture 19,000
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15. Plant & Machinery 55,800
16. Repairs 550
17. Suspense Account 5,000
Total 2,98,200 2,98,200
s.
42. a) In the Books of Deri
Dr. Trading and Profit and loss account for the year ended 31.03.2018 Cr.
ok
To Opening stock 10,000 By Sales 1,22,500
To Purchases 95,000 By Closing Stock 8,000
To Freight inwards 750 By Gross loss c/d 2,750
To Wages
o 27,500
1,33,250 1,33,250
ab
To Gross loss b/d 2,750 By Net loss c/d 6,250
To Postage 150 (Transferred to capital a/c)
To Rent paid 2,500
To Sundry expenses 850
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6,250 6,250
Balance Sheet
.s
Liabilities ` ` Assets ` `
Capital 1,00,000 Cash 2,500
Less : Net loss 6,250 Bank 5,000
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93,750 Machinery 50,000

Less : Drawings 4,500 89,250 Debtors 13,500
Creditors 5,000 Furniture 17,250
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Bills payable 2,000 Closing stock 8,000

96,250 96,250
(or)
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b) Purchases Book
Inward Amount
2017 June 1 Balu Traders
20 Chairs @ ` 150 3,000
m
June 13 Subash & Co.,
2 Almirah @ ` 3,100 each 6,200
10 tables @ ` 1,500 each 15,000
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15 chairs @ ` 200 each 3,000
24,200
Less : Trade discount 10% 2,420
21,780
s.
Add : Freight Charges 220 22,000
June 24 Sunrice Furniture Mart
ok
25 Almirahs @ ` 1,300 each 32,500
June 27 Mouli Traders
10 tables @ ` 3,275 each 32,750

o Ledger Accounts
ab
Amount Amount
` `
2017 June 30 To Sundries
ur
as per Purchases Book 90,250

Dr. Balu Traders Account Cr.
Date Particulars J.F. Amount Date Particulars J.F. Amount
.s
` `
2017 June 1 By Purchases A/c 3,000
Dr. Subash & Co.Account Cr.
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` `
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Dr. Sunrise Furniture Account Cr.

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` `
Dr. Mouli Traders Account Cr.
` `

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Purchases return book

Inward Amount
Date Particulars L.F. Remarks
2017 June 21 Balu Traders
2 Chairs @ ` 150 each 300 Damaged
m
in transit
June 29 Sunrise Furniture Mart
3 Almirahs @ ` 1,300 each 3,900 Damaged
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in transit
Purchases returns A/c Cr. 4,200
Ledger Account
Dr. Purchases Return Account Cr.
s.
` `
2017 June 30 By Sundries
ok
as per purchases
return book 4,200
Dr. Balu Traders Account Cr.
J.F. Amount J.F. Amount
Date Particulars
o `
Date Particulars
`
2017 June 21 To Purchases
ab
Return A/c 300
Dr. Sunrise Furniture Mart Account Cr.

` `
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2017 June 29 To Purchases

Return A/c 3,900
.s
43. a) Journal Entries

Date Particulars L.F. Debit Credit
` `
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2016 Sep 1 Cah A/c Dr. 80,000

To Capital A/c 80,000
(Commenced business on cash)
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To Cash A/c 10,000
(Cash purchases)
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To Hema A/c 42,000

(Credit purchases)
22 Hema A/c Dr. 2,000
To Purchases return A/c 2,000
(Goods returned to Hema)
23 Hema A/c Dr. 10,000
To Cash A/c 10,000
(Cash paid)
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Ledger Account
Amount Amount
` `
2016 Sep. 1 To Capital A/c 80,000 2016 Sep. 7 By Purchases A/c 10,000
m
23 By Hema A/c 10,000
80,000 80,000
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2016 Oct. 1 To Balance b/d 60,000
Dr. Capital Account Cr.
Amount Amount
` `
s.
2016 Sep. 30 To Balance c/d 80,000 2016 Sep. 1 By Cash A/c 80,000
80,000 80,000
2016 Oct. 1 By Balance b/d 80,000
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Amount Amount
` `
2016 Sep. 7 To Cash A/c 10,000 2016 Sep. 30 By Balance c/d 52,000
10 To Hema A/c
o 42,000
52,000 52,000
ab
Oct. 1 To Balance b/d 52,000
Dr. Hema A/c Cr.

Amount Amount
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` `
2016 Sep. 22 To Purchases return A/c 2,000 2016 Sep. 10 By Purchases A/c 42,000
23 To Cash A/c 10,000
30 To Balance c/d 30,000
.s
42,000 42,000
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Purchases return c/d

Amount Amount
` `
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2016 Sep. 30 To Balance c/d 2,000 2016 Sep. 22 By Hema A/c 2,000
2,000 2,000
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(or)

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b) Analytical Petty Cash Book

Dr. Analysis of Payments Cr.
Postage and
Printing &
Stationery
Travelling
telegrams
Expenses
Expenses
Accounts
Carriage
Payment
Personal
Receipts
Repairs
Sundry
C.
Total
B. Date V. L.
Particulars
m
F. N. F.
N.
(`) (`) (`) (`) (`) (`) (`) (`) (`)
2017
co
Jan
250 1 To Balance b/d
1,050 1 To Cash
2 By Pencil, rubber
s.
and paper 200 200
4 By Registered post 120 120
5 By Travelling expenses 150 150
7 By sundry expenses 60 60
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9 By office expenses 50 50
11 By Letter pad 175 175
13 By Amutha 66 66
15 By Repairs 78 78
18 By Carriage
o 83 83
20 By Postal Stamps 55 55 80
ab
22 By Telephone charges 175 175
1,212 175 375 150 285 78 83 66
31 By Balance c/d 88
1,300 1,300
Feb
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88 1 To Balance b/d
1,212 1 To Cash
Original cost
.s
44. a) Amount of depreciation per year =

Estimated useful life
40, 000
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= = ` 8, 000
5
Amount of Depreciation
Rate of depreciation per year = ×100
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Original Cost
8, 000
= × 100 = 20 %
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40, 000
Note : Cost of the asset = Purchase price + Transportation cost + Installation cost
= 36,000 + 2,500 + 1,500 = ` 40,000

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Journal entries
Debit Credit
` `
2016 January Machinery A/c Dr. 36,000
1 To Bank A/c 36,000
m
(Machinery bought)
January 1 Machinery A/c Dr. 4,000
To Bank A/c 4,000
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(Transportation and installation cost incurred on purchase
of machinery)
December 31 Depreciation A/c Dr. 8,000
To Machinery A/c 8,000
s.
(Depreciation provided)
December 31 Profit and loss A/c Dr. 8,000
To Depreciation A/c 8,000
ok
(Depreciation transferred to profit and loss amount)
2017 Depreciation A/c Dr. 8,000
December 31 To Machinery A/c 8,000
(Depreciation provided)
December 31 Profit and loss A/c
o Dr. 8,000
To Depreciation A/c 8,000
ab
(Depreciation transferred to profit and loss account)
Ledger Account
Dr. Machinery Account Cr.
ur
Date Particulars Date Particulars Amount

` `
2016 Jan 1 To Bank A/c 36,000 2016 Dec 31 By Depreciation A/c 8,000
.s
Jan 1 To Bank A/c 4,000 Dec 31 By Balance c/d 32,000

40,000 40,000
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2017 Jan 1 To Balance b/d 32,000 2017 Dec 31 By Depreciation A/c 8,000
Dec 31 By Balance c/d 24,000
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32,000 32,000
2018 Jan 1 To Balance b/d 24,000
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(or)

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b) In the Books of Sri. Chozhan

Dr. Cash Book (Three columns) Cr.
R.N.
V.N.
L.F.
L.F.
Amount Amount
Date Receipts Date Payments
Discount
Discount
received
m
allowed
Cash
Cash Bank Bank
(`)
(`) (`) (`) (`) (`) (`)
co
2017 2017
Apr Apr
1 To Chozhan 2 By Bank A/c 32,000
Capital A/c 50,000
s.
2 To Cash A/c 'C' 32,000
10 To Sales A/c 14,000
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11 To Cash A/c 'C' 10,000 11 By Bank A/c 'C' 10,000
19 By Computer A/c 24,000
22 To Bank A/c 'C' 9,000 22 By Cash A/c 'C' 9,000
30 To Balance c/d o 28,950 25 By Purchases A/c 7,600
27 By Interest on
overdraft 350
ab
28 By Salary 30,000
30 By Drawings A/c 6,500
30 To Balance b/d 24,500
73,000 70,950 73,000 70,950
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May 1 May
To Balance b/d 24,500 1 By Balance b/d 28,950
45. a) In the books of Mr. Srinivasan
Bank Reconciliation Statement as on 28.02.2015
.s
Amount Amount
Particulars
` `
Balance as per cash book 31,758
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Add : Cheque issued but not presented for payment

Chandra 8,820
Rangn 2,346 11,166
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Direct payment by the customer - Muthu 1,200

Interest allowed by bank 32
Interest on Investment 135
Bills receivable directly collected by bank
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but not entered in Cash book 750 13,283

45,041

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Less : Cheque paid into bank but not collected :

Balu 8,345
Venkatesh 3,412 11,757
Insurance Premium paid by the bank 92
Bills payable paid by the bank but not
recorded in the Cash book 2,500 14,349
m
Balance as per pass book 30,692
(or)
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b) In the Books of Nalanda Book Store
I. Purchases Book
Inward Amount
Date Particulars Invoice L.F. Details Total (`)
No.
s.
(`)
2017 Dec 1 M/s. Umadevi
100 copies Business statistics
ok
Book @ ` 80 each 8,000
100 copies Accountancy Book @ 150 each 15,000 23,000
Dec 10 Subha & Co.,
40 copies Economics book @ 80 each
o 3,200
Less : Trade Discount @ 15% 480 2,720
ab
ur
.s
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w
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II. Purchase Returns Book
Debit Amount
Date Particulars Note L.F. Details Remarks
No. (`) Total (`)
m
2017 Dec 15 M/s. Umadevi
10 copies of Accountancy
book @ ` 150 each 1,500 Damaged
co
Dec 26 Subha & Co.,
6 Copies of Economics
@ ` 80 each 480
Less : 15% Trade Discount 72 408
s.
Purchases return A/c Cr. 1,908
III. Sales Book
Outward Amount
ok
Date Particulars Invoice L.F. Details Total (`)
No. (`)
2017 Dec 7 Sridevi & Co.
240 copies Business Statistics
@ ` 90 each
o 21,600
250 copies Accountancy books
ab
@ ` 170 each 42,500 64,100
Dec 18 Gupta Bros.,
200 copies Economics books
ur
@ ` 95 each 19,000
.s
w
w
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46. a)
Prepaid Total Total
S. Cash Stock Debtors Capital Creditors
Transaction expenses Assets = Liabilities
No. ` ` ` ` `
` ` `
i) Started business
m
with cash and +80,000 +75,000 +1,55,000
stock
co
Balance +80,000 +75,000 +1,55,000
Equation +1,55,000 = +1,55,000
ii) Credit sales –50,000 +50,000
Balance +80,000 +25,000 0 +50,000 +1,55,000
s.
Equation +1,55,000 = +1,55,000
iii) Received
ok
cash from
Shanmugam +49,000 +49,000
Balance +1,29,000 +25,000 +50,000 +2,04,000
Equation +2,04,000 = +2,04,000
iv) Salary
o
– 3,000 + 3,000
outstanding
ab
Balance +1,29,000 +25,000 +50,000 +2,01,000 + 3,000
Equation +2,04,000 = +2,04,000
v) Goods coasting
ur
–1,000 –1,000
given as charity
Balance +1,29,000 +24,000 +50,000 +2,00,000 + 3,000
Equation +2,03,000 = +2,03,000
.s
vi) Insurance
–3,000 – 3,000
premium paid
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Balance +1,26,000 +24,000 +50,000 +1,97,000 + 3,000

Equation +2,00,000 = +2,00,000
vii) Prepaid
w
+500 +500
insurance
Balance +1,26,000 +24,000 +500 +50,000 +1,97,500 + 3,000
w
Equation +2,00,500 = +2,00,500

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(or)
b) Dr. Trading and Profit and loss account of Babu for the year ended 31st December 2016 Cr.
Particulars Amount Amount Particulars Amount Amount

` ` ` `
To Opening stock 8,000 By Sales 40,500
m
To Purchases 24,750 Less : Sales return 750 39,750
Less : Purchase returns 1,000 23,750 By Closing stock 9,900
co
To Wages 1,250
To Gross profit c/d 16,650
(Transferred to Profit and
Loss Account)
s.
49,650 49,650
To Discount allowed 1,100 By Gross profit b/d 16,650
ok
To Provision for bad debts 500 (Transferred from trading
Add : Bad debts 400 account)
900 By Discount received 650
Less : Old provision for bad By Interest on investments 750
debts
o 600
300
ab
To Salaries 1,750
Add : Outstanding 500 2,250
To Printing and Stationery 650
ur
To Net Profit 13,750

(Transferred to capital
account)
18,050 18,050
.s
Balance Sheet for the year ended 31st December 2016

w
Liabilities ` ` Assets ` `
Capital 16,650 Goodwill 13,600
Add : Net Profit
w
13,750 30,400 Investments 7,500

Creditors 9,100 Add : Interest on investments 750 8,250
Bank overdraft 1,250 Debtors 10,000
w
Outstanding Salaries 500 Less : Provision for Bad debts 500 9,500
Closing stock 9,900
41,250 41,250

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47. a) Rectification of Errors

Debit Credit
S. No. Particulars L.F.
` `
(a) Suspense A/c Dr. 78
m
To Discount Received A/c 78
(Partial omission in Discount received A/c is
now rectified)
co
(b) Purchase Book A/c Dr. 1,000
To Suspense A/c 1,000
(Undercast in Purchase book, now rectified)
s.
(c) Sales A/c Dr. 360
To Natarajan A/c 360
(Excess Debit in Natarajan A/c and excess
ok
Credit in Sales A/c now rectified)
(d) Mekala A/c Dr. 1,400
To Sales A/c o 700
To Purchases A/c 700
(Being the rectification for a Credit sale
ab
wrongly passed through the Purchases book)
Dr. Suspense Account Cr.
Amount Amount
ur
Particulars Particulars
` `
To Discount received A/c 78 By Purchase book 1,000

.s
To Difference in Books 922
1,000 1,000
w
(or)
w
w

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b) Trial Balance

S.No. Particulars L.F.
` `
1. Opening Stock 1,00,000
m
2. Salaries 36,000
3. Creditors 1,32,000
4. Bank 35,000
co
5. Carriage inwards 18,000
6. Rent received 9,000
7. Discount allowed 6,000
s.
8. Purchases 3,48,000
10. Debtors 45,000
ok
11. Carriage outwards 15,000
12. Capital 1,63,000
13. Returns inward o 9,000
14. Discount received 12,000
15. Trade expenses 18,000
ab
16. Sales 3,68,000
17. Building 1,14,000
Total 7,44,000 7,44,000
ur

.s
w
w
w
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Govt. Model Question Paper - 2018-19 for Volume - I

Kind Attention to the Students

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of (A) (c) Purchase book - Invoice number

(a) Drawings A/c (b) Cash A/c

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+11 Std - Accountancy  Govt. Model Question Paper - 2018-19 3

information about business entities regarding their operating

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4 +11 Std - Accountancy  Govt. Model Question Paper - 2018-19

36. Complete the accounting equation SECTION - IV (7 × 5 = 35)

Cash A/c Dr. 1 Started business with cash 25,000

To Cash A/c 19 Sold goods to Vasu on credit 4,000

To Cash A/c Rs. Rs.

2018 --------------------------- Dr. 60,000 Discount received 1,300 Capital 25,900

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+11 Std - Accountancy  Govt. Model Question Paper - 2018-19 5

(i) Bank balance as per bank statement 15,000

10 Purchased printer for cash 7,500

17 Commission received in cash 6,000

(OR) 2017 2017

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6 +11 Std - Accountancy  Govt. Model Question Paper - 2018-19

Dr. Cr. Balance

In the books of Udhayakumar

Amount (Rs.) Amount (Rs.)

Date Particulars Cash Bank Date Particulars Cash Bank

3 To Cash A/c C ------ 3 By Bank A/c C 15,000

23 To Rajasekar A/c ---- 14,320 18 By Printer A/c --------

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+11 Std - Accountancy  Govt. Model Question Paper - 2018-19 7

28. (a) Bank statement or Bank Pass book

Section - I 29. (i) Debit column

enterprises. due to Money Measurement concept, which states that only

credit all incomes and gains.

and to facilitate preparation of financial statements.

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8 +11 Std - Accountancy  Govt. Model Question Paper - 2018-19

(ii) Ledger Account

38. (i) ` 2,00,000

(iii) Furniture and Books

39. Correct Entries :

(i) Cash A/c Dr

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+11 Std - Accountancy  Govt. Model Question Paper - 2018-19 9

40. Journal Entries

d) Bought goods from Kumar and

Equation +75,000 = +75,000

2018 March Purchases A/c Dr. 20,000

To Bank A/c 500

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10 +11 Std - Accountancy  Govt. Model Question Paper - 2018-19

6 Mano A/c Dr. 20,000

2018 Sep 01 To Balance b/d 82,000

Dr. Dharma’s Capital Account Cr.

Dr. Ganesan’s Account Cr.

Dr. Rent Account Cr.

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+11 Std - Accountancy  Govt. Model Question Paper - 2018-19 11

Dr. Commission received Account Cr.

19 Vasu A/c Dr. 4,000

31 By Balance c/d 7,500

+11 Std - Accountancy  Govt. Model Question Paper - 2018-19 3

4 +11 Std - Accountancy  Govt. Model Question Paper - 2018-19

36. Complete the accounting equation SECTION - IV (7 × 5 = 35)

+11 Std - Accountancy  Govt. Model Question Paper - 2018-19 5

6 +11 Std - Accountancy  Govt. Model Question Paper - 2018-19

+11 Std - Accountancy  Govt. Model Question Paper - 2018-19 7

8 +11 Std - Accountancy  Govt. Model Question Paper - 2018-19

+11 Std - Accountancy  Govt. Model Question Paper - 2018-19 9

2018 March Purchases A/c Dr. 20,000

10 +11 Std - Accountancy  Govt. Model Question Paper - 2018-19

6 Mano A/c Dr. 20,000

+11 Std - Accountancy  Govt. Model Question Paper - 2018-19 11

19 Vasu A/c Dr. 4,000

12 +11 Std - Accountancy  Govt. Model Question Paper - 2018-19

+11 Std - Accountancy  Govt. Model Question Paper - 2018-19 13

14 +11 Std - Accountancy  Govt. Model Question Paper - 2018-19

+11 Std - Accountancy  Govt. Model Question Paper - 2018-19 15

16 +11 Std - Accountancy  Govt. Model Question Paper - 2018-19

Time : 2.30 Hours ACCOUNTANCY Marks : 90

+1 Std - Accountancy  Sura’s Model Question Papers with Answer Key 19

Answer any seven questions in which question No.30 is compulsory. 7 × 2 = 14

Answer any seven questions in which question No.40 is compulsory. 7 × 3 = 21

+1 Std - Accountancy  Sura’s Model Question Papers with Answer Key 21