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Text of ? Web viewSUBJECT ENGLISH. CLASS - XI. ... C-Grammar, D-Text-books and Long Reading Text(novel). All

KENDRIYA VIDYALAYA AFS MANAURI, ALLAHABAD

HALF YEARLY EXAMINATION, 2018-19

Class XII Sub: Accountancy

TIME:03 Hrs. M.MARKS:90

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Q1.Recording of financial transactions and preparing the financial statement are the only objectives of accounting.Do you Agree. Give reason? (2)

Q2.A Firm has received a large order to supply the goods. Will it be recorded in the books? (1)

Q.3 Explain the two qualitative characteristics of accounting information. (2)

Q4. Accounting record business transactions and events which are financial nature. Do you consider it a limitation of accounting .? (1)

Q5. Godrej ltd. Imported from Germany one machinery for sale in INDIA and another machinery for production purpose. Will you treat them goods or fixed assets ? (1)

Q6. Mr. Dinanath who owed us 50,000 became insolvent and paid only 40% of this amount . what is the term used for the amount not received.? (1)

Q7. Under which principle the caliber or quality of the management is not disclosed in balance sheet.? (2)

Q8. According to which concept, depreciation is to be charged as per one particular method year after year.? (2) Q9. Does cash basis of accounting violates GAAP ? If yes how.? (2)

Q10. What are the type of Vouchers.? (2)

Q11. Prove that accounting eqation is satisfied in the following transaction (10)

of sameer Goel.

i) Started business with cash 100,000,goods 30000 and furniture 5000

ii) Paid rent in advance 3,000

iii) Purchase goods for cash 50,000 and credit 20,000

iv) Sold goods for cash 80,000 costing 40,000

v) Paid salary in cash 4,500 and salary outstanding 1,000.

vi) Bought motor cycle for personal use 30,000

vii) Goods costing 48000 sold at profit of 20% Three fourth received in cash.

viii) Withdrew from bank for office use 2000 and for private use 4000

ix) Bought goods of the list price of 6000 from Khanna Brothers less 15 % trade discount and 2 % cash discount and paid 40% price at same time.

Q12. Jounalise the following transactions in the books of Harpreet Bros. (10)

a) 10,000 due from Rohit are now Bad debts.

b) Goods worth 20,000 were used by Proprietor.

c) Charge depreciation @10% p.a for two months on machinery of cost 3,00,000

d) Provide interest on capital of 15,00,000 at 6% p.a for 9 months.

e) Rahul who owed us 20,000 became insolvent and a final dividend of 60 paisa in a rupee is received from his estate.

f) Goods costing 80,000 sold to Mohan for 1,00,000.

g) Manoj pays us 5400 after deducting 10% for promt payment

h) Sold goods to Kuber costing at 25% above cost less trade discount of 10% and cash discount of 5% .Kuber did not avail the discount.

i) Goods stolen by employee ( sale price 20,000, cost 15000)

j) Paid income tax 10000 bu cheque.

Q13. What is the reason for Agreement of a Trial Balance? ( 1)

Q14.If credit side of trial balance fall short by 1000,what will be its treatment? (1)

Q15. Are there any account which are not considered while preparing Trial Balance Method.? (1)

Q16.Enter the following transaction in a cash book with cash and bank column:

2011 (7)

Jan 1. Bank overdraft Rs 12000

Cash in hand Rs 2300

Jan7. Cheque received from S Nair Rs 4000

Discount allowed Rs 200

Jan9. Cheque received from S Nair deposited in Bank

Jan 10 paid into bank (including one cheque ) 10000

Jan10cash sales 15000 ,half of which deposited into bank.

Jan11 Sudheer who owed us 8000 became bankrupt and paid us 50 paisa per rupee.

Jan 12.cheque paid to radha Rs 2500

And discount received Rs 50

Jan15.S. Nair cheque dishounerd

Jan20. Money withdrawn from bank for office use Rs3400

Jan23. Fees of children paid by cheque Rs 75

Jan25.cheque received from Hira and endorsed it to sunita on 27 jan Rs 4500

Jan27. Bank charges Rs 20

Jan 31. Paid into bank the entire balance retaining Rs 700 at office.

Q17. Differentiate between cash and Accrual basis of accounting. (5)

Q18. Prepare Trial Balance. ( 7)

Name of a/c

Opening stock

Purchase

purchase returns

sales

sales returns

Rent

Salary

Advertisement

Commission received

Discount Cr.

Rs

20,000

85000

5000

160,000

6200

1200

5700

880

1440

710

Name of a/c

Furniture

Machinery

Debtor

Creditor

Bills receivables

Bills payable

Cash in hand

Bank overdraft

Interest on overdraft

Capital

Drawing

Rs

6000

62000

36000

12750

4600

2500

5220

10,000

1800

50,000

7800

Q19.Prepare Bank Reconciliation statement on31st march,2009 ( 7)

Bank statement showed favourable balance 12,400

a) cheque amounting 45000 were drawn on 27 march 2009 0f which cheques amounting 33000 were encased on 2nd april 2009

b) cheque issued returned on technical ground 4000

c)Bank recorded a cash deposite of 3210 as 3120

d) Bills for collections are not advised by the bank but credited to our account 8000.

e) a bill of 10,000 was retired by the bank under a rebate 200 but the full amount of the bill was credited in the bank column of the cash book.

f) Amount wrongly credited by bank 3400.

Q20.Fill in the missing figures, assuming CGST @6% AND SGST @ 6% (10)

Journal of S.GOSWAMI

Date

particular

L.F

Amount Dr.

Amount Cr.

1.

.A/c Dr.

Input GST A/c Dr.

a/c Dr.

TO Dinakaran

(purchase of goods within the state)

..

15000

..

..

2

Debtor A/c Dr.

TO ..

TO

TO

(Sale of goods within the state)

224000

..

..

3

..a/c Dr.

a/c Dr.

.a/c Dr.

To bank a/c

(rent paid)

..

11200

4.

Purchase a/c Dr

..a/c Dr

To Rashmi

(purchase of goods from outside the state

..

8400

.

5

Advertisement a/c Dr.

a/c Dr.

a/c Dr.

TO Bank a/c

(paid for advertisement within the state)

.

1200

.

..

21. X Ltd., purchased a Plant on 1st April, 2005 for Rs.15,000. It purchased another plant on 1stOctober, 2005 costing Rs.20,000 and on 1st July, 2006 costing Rs.30,000. On 1st January, 2007 thePlant purchased on 1st April, 2005 became useless and was sold for Rs.2,000. Show Plant Account& Provision for depreciation accountcharging 10% p.a. depreciation by fixed instalment method for four years. The plant purchased on1st October, 2005 was sold for Rs.8,000 on 1st January, 2008. Accounts of the company are closedon 31st December each year. Prepare Plant account. (10)

Q22.Write 10 causes of differences between cash book and pass book. (5)

KENDRIYA VIDYALAYA, AFS MANAURI

HALF YEARLY EXAMINATION-2018

XI-BIOLOGY

TIME: 3Hours MM-70

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