SAMPLE QUESTION PAPER

 

18.

The value of stock as at March 31,2011 was ϕ 26,000 You are required to prepare her Trading and Profit & Loss Account for the year ended March 31,2011 and a Balance sheet as on that date after the following facts into account:-
Plant & Mixtures are to be depreciated by 10% p.a.
Accrued interest on investment amounted to ` 750

OR

From the following trial balance of Ramneek & Company, prepare Trading and Profit & Loss account for Account for the year ended on March 31,2011 and a Balance Sheet as on that date:-


Stock on March 31,2011 was ? 6,000 Depreciate building by 20% create a provision of bad debts @10% on debtors and outstanding wages amounted to `475.

Part B: Financial Accounting -II

19. Why the 'Profit and Loss Account ' is not prepared in not for profit organisations ? Give any one reason. 1
20. What is meant by 'Accounts from Incomplete records ? 1
21. Explain any one feature of computer. 1
22. Distinguish between 'Receipts and payments Account' and cash book. (Any three points)  
23. What is database system ?  
24. Radha started her business on January 1,2010 with capital of ?1,10,000. On July 1,2010 she borrowed ? 80,000 from her friend on interest @ 12% p.a. (which is not yet paid). On December 31,2010 her position was as under:
Cash in hand 18,000
Stock 86,000
Debtors 1,27,200
Creditors 13,500
Drawings during the year 36,000
Ascertain her profit or loss for the year 2010.
4
25

The following is the receipts and payments account of Harekrishna Club for the year ending Dec.31,2010

The club has 1600 members each paying annual subscription of ? 10 Subscription of ? 450 are still in arrears for 2009.

On January 1,2010, the club's assets and liabilities included: Furniture ` 2000 ; Sports Fund and 10% sports Fund Investment `30,000 each. Depreciation on Furniture @20% p.a. and prepare Income and Expenditure Account for the year ended on December 31,2010.

 
26. What is meant by computer ? Describe in brief the basic components of a computer.  

 

CBSE Accountancy Class XI ( By Mr. Aniruddh Maheshwari ) 
Email Id : [email protected]