tbse.in : Class XI Accountancy Question Paper Sample Tripura Board Of Secondary Education
Board : Tripura Board Of Secondary Education
Exam : Class XI
Subject : Accountancy
Document Type : Sample Question Paper
Website : tbse.nic.in
Download Model/Sample Question Paper : https://www.pdfquestion.in/uploads/7284-Accuntancy.pdf
Accountancy Question Paper :
SUBJECT :- Accountancy
Class-XI :
Full Marks – 90
Related : Tripura Board Of Secondary Education Class XI Business Studies Question Paper : www.pdfquestion.in/7286.html
Time allowed :- 3 hours
General instructions :-
i) All questions are compulsory
ii) Attempt all parts of question at one place.
1. Answer the following Questions as directed 1X10 10
(a) What is Accrual basis of Accounting?
(b) Complete the sentence choosing the right alternative given below
The Users of Accounting information of a company
i) Shareholders
ii) Creditors
iii) Employee
iv) All of Above
(c) Give an example of Internal transaction.
(d) Justify the statement responding ‘Right’ or ‘Wrong’
Journal is a books of original entry.
(e) Complete the sentence choosing the right alternative given below :-
Under Straightline method, the basis of calculating depreciations is
(i) Written down value
(ii) Scrap value
(iii) Original cost less scrap value.
(iv) Present value.
(g) Write two example of fictitious Asset.
(h) Justify the statement responding ‘Right’ or ‘Worng’.
Debit balance of income and Expenditure Account indicates surplus.
(i) Under single entry system, it is not possible to perpare-
(i) a Balance sheet
(ii) a Trial Balance
(iii) a Profit & Loss Account
(iv) a recipts and Payment Account
Data are called as :-
(i) Raw Materials
(ii) Input
(iii) work-in-Progress
(iv) Finished goods
(a) On 1st January, 2013 the Balance of Provision for bad debt was Rs. 13.350. Bad debt during the year was Rs 8850. On 31st December, 2013 the balance of S undry debtors was Rs 80, 000. Create provision for bad debt @ 10% P.a on Sundry debtors. 3
(b) Distinguish between Bill of exchange and Promissory Note. 3
(c) Netaji club had the following recipts and Payments during the year ended 31st December, 2013 Membership Fee 2013 Rs. 12000; Admission fee Rs 5000; Donation Rs 18750; Bank Interest Rs 3000; Salary Rs 5000; Rent & Tax Rs 4500; wages Rs 7000; Telephone bill Rs 1500 Sale of refreshments Rs 31500; Expenses of Annual function Rs 3200; Case in hand Rs 7500; cash at Bank Rs 15000 on 1st January 2013. Sundry Expenses Rs 2500; Refreshment purchase Rs 20,000 On 31st December, 2013 cash on hand Rs 12750.
Prepare the Reccipt and Payment Account of the culb for the year ended 31st December, 2013. 3
(d) From the following information calculate total sales for the year ended 30th June, 2014 3
Balance of Debtors (1.7.13) | Rs :
Cash Collected from Debtors 60,00
Discount allowed 95000
Return Inward 15000
Bad Debt 5000
Cash Sales 30,000
Balance of Debtors (30.6.02014) 50,000
(e) What do you mean by Computer?
3. From the following information Prepare a Bank Reconciliation Statement as on 31st March, 2014
(ii) A Number of cheques were deposited into bank but on 31st March, 2014 a cheque for Rs 5000 was not credited is the pass book
(iii) Several cheques totalling Rs 12500 were issued but only cheques for Rs.3500 were presented to Bank for payment.
(iv) The bank had directly collected dividend Rs 5000, but this was not entered is the cash book
(v) Bank charge Rs 125 were not recorded in the cash book.
(b) On 1st January, 2013 Saha Brothers Purchased a Machine for Rs 80,000. Installation cost of the Machine was Rs 10,000. On 1st July, 2012 the Machine was sold for Rs 65000 and on the same date another Machine was Purchased for Rs 1,25000. Saha Brothers charged depreciation @ 10% P.a on diminishing balance Method.
Show the Machinery account as it would appear in the books of Saha Brothers up to 31st December, 2014 4
(c) Write short noter :- 4
(i) Deferred Revenue Expenditure.
(ii) Event.
(d) Distinction between Manual Accounting and Computerised Accounting. 4
4. (a) Discuss the objectives of Accounting standard. 5
(b) Prepare a Tribal balance as at 31st December, 2013 from the following ledger balance. 5
Freehold Property 50,000 Sales 1,05,000
Furniture 22,000 Reserve fund 8000
Mortgage loan 30,000 Purchase 84000
Bills Payable 8,500 Telephone Bill 3000
Creditors 42,000 Advertisment 3500
Machinery 30,000 Interest Received 6100
Bad Debt 1000 Sale of Scrap 2500
Investment 17000 Bad Debt recovered 2200
Debtors 36000 Opeing stock 14000
Bill Receivable 15000
Capital 71,200 Closing stock 20,000
(c) On 1st September 2013 Arun draws a bill for Rs 10,000 at 3 months Maturity. Barun accepted the bill and returned to Arun. Arun discounted the bill @ 6% p.a Barun dishonured the bill on maturity. Noting charge and other expenses being incurred Rs.75. Show Necessary journal entries in the books of Arun and Barun. 5
(d) Following errors are detected after Preparation of Trial balance, but before preparation of final
Account as at 30th June, 2014. Rectify the following errors with suitable Narration :- 1 +1 +1
(i) Purchase day book overcast by Rs. 1700
(ii) An amount of Rs 2500 paid for repairs debited to Machinery Account
(iii) Received Rs 5000 from Ram wrongly credited to Rahim Account.
(v) Purehase Furuiture of Rs 10,000 entered is Purchase day book.
(e) What adjustment entries would you pass for the following :- 5
(i) Outstanding salary Rs. 5000
(ii) Insurance Premium paid in advance Rs 500
(iii) Closing stock valued Rs 50,000
(iv) The owner withdraw goods Rs 2000 for personal purpose
(v) Income of Rs 1000 earned, but not received