SAMPLE QUESTION PAPER

 

15.

Prepare a bank reconciliation statement Mr.Iendulakan as on 31st Dec. 2010:-

  1. Credit balance as per pass book Rs 20,000
  2. The payment of cheques for Rs 550- was recorded twice in the pass book.
  3. Withdrawal column of the pass book under cost by Rs 200.
  4. A cheque of Rs 200 has been debited in the bank column of cash book but not sent to bank at all.
  5. A cheque of Rs 300 debited to bank account of the pass book has been omitted to record in cash book.
  6. Rs500 in respect of dishonoured cheque were entered in the pass book but not in the cash book.
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16. Machinery A/c of the Kamal Ltd is showing a balance of Rs 145,800 on Jan 1, 2010 the company bought this machinery on Jan 1, 2007 and providing depreciation @ 10% on diminishing balance method. You are required to calculate the original cost of the machinery and difference between the book values if company would have adopted 'straight line method' for providing depreciation @10%p.a..
17. Lucky sold goods of Rs 15000 to Nikki taking a bill at three months dated July 2007. On 4 th August the bill was returned by the bankers dishonoured noting charge being Rs 50 Nikki paid Rs 5000 and gave Lucky another bill at three months for the balance at 16% interest. But before maturity She was declered insolvent and her receiver paid 50 paise in a rupee to her creditors Pass the entries in Lucky's journal recording the above transactions.  
18.

From the following trial balance of m/s Nasir Brothers as on 31st Dec,2010, prepare trading and profit and loss A/c and balance sheet:-


Adjustment :-

  1. Closing stock Rs32,000
  2. Wages outstanding Rs. 1200
  3. Bad debts Rs 300 and provision for bad and doubtful debts @ 5% on debtors.
  4. Rent is paid for 11 months.
  5. Provide depreciation a machinery @ 10% p.a.
  6. Loan from the bank was taken on July 1. 2010.
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  Part B - Financial Accounting II  
19. Give two main sources of income for not for profit organisations. 1
20. Can a limited company maintain its accounts under single entry system ? 1
21. What is the use of data base management ? 1
22. Show the following information in financial statement of not for profit organisation:-
(a)
Details Amount(Rs)
Prizes Distributed 400,000
Prize fund 200,000
Donatian for prizes fund 300,000
(b) What will be the effect if amount spent on prizes distributed goes up by Rs 150,000 other things remaining the same.		  
23. Write any three limitations of compuerrised accounting system.  
24. Sonam started a bussiness on 1 Jan 2009. with a capital of Rs 900,000. During the year she withdrew Rs 160,000 for personal use and assets and liabilities as at 31 Dec., 2001 was as under.
  Rs.
Cash in hand 200,000
Bills receivable 10,000
Debtors 90,000
Machinery 15,00,000
Creditors 250000
Bills payable 50,000
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25.

Following is the Receipt and payment A/c of Mumbai sports club for the year ending 31-12-09 :

Other information:- On 31-12-09 Subscription outstanding was Rs 1000 and on 31-12-08 Subscription outstanding was Rs 1500. Salary outstanding on 31-12-09-was Rs 1000.

On1.1.09 the club had building Rs. 40,000 furniture Rs . 9,000, 12% investment Rs. 15,000 and sports equipments Rs. 15,000. Depreciation charged on furniture and sports equipments including purchases was 10%.

Prepare Income and Expenditure Account of the club for the year 31-12-09 ascertain the capital fund on 31.12.08

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26. Explain the types of accounting softwares used in business. 6

 

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

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