Term 1 Five Mark Model Questions

11th Standard

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Accountancy

Time : 02:00:00 Hrs
Total Marks : 50
    10 x 5 = 50
  1. Prepare accounting equation for the following transactions.
    (a)Murugan commenced business with cash Rs.80,000
    (b) Purchased goods for cash Rs.30,000
    (c) Paid salaries by cash Rs.5,000
    (d) Bought goods from Kumar for Rs.5,000 and deposited the money in CDM.
    (e) Introduced additional capital of Rs.10,000

  2. Journalise the following transactions in the books of Sundar who is a book seller

    2017 Dec   Rs
    1 Commenced business with cash 2,00,000
    2 Bought goods from X and Co. on credit 80,000
    4 Opened a bank account with 50,000
    5 Sold goods to Naresh who paid the amount through net banking 5,000
    6 Sold goods to Devi who paid through credit card 7,000
    7 Sold goods to Ashish on credit 700
    8 Money withdrawn from bank through ATM for office use 1,000
    9 Purchased a furniture and paid through debit card 2,000
    10 Salaries paid by cash 6,000
    11 Furniture purchased from Y for Rs25,000 and advance given 5,000
  3. Journalise the following transactions and post them to Ledger.

    2016 Jan   Rs.
    1 Started business with cash 10,000
    5 Paid into bank 5,000
    7 Purchased goods from Ram for cash 1,000
  4. Journalise the following transactions and prepare ledger accounts.

    2015 Feb.   Rs.
    1 Sold goods for cash 5,000
    2 Purchased goods from Kumar on credit 4,000
    5 Sold goods to Prabu on credit 8,000
    12 Received cash from Prabu 1,200
    20 Paid to Kumar 2,000
    25 Paid salary 3,000
  5. Prepare a trial balance with the following information:

    Name of the Account Rs Name of the Account Rs
    Purchases  1,00,000 Sales  1,50,000
    Bank Loan 75,000 Creditors 50,000
    Debtors 1,50,000 Cash 90,000
    Stock 35,000 Capital 1,00,000

     

  6. Enter the following transactions in the Sales book of Kamala Stores, a furniture shop.

     2017 May 2   Sold to Naveen Stores, Trichy on credit 5 computer tables @ Rs 1,750 per table 
    May 9   Sold to Deepa & Co., Madurai on credit 6 dining tables @ Rs 1,900 per dining table
    May 15   Sold to Rajesh 10 dressing tables @ Rs 2,750 each on credit
    May 24   Sold to Anil 5 wooden tables @ Rs 1,250 per table on credit
    May 27   Sold to Gopi 3 old computers @ Rs 3,500 each
    May 29   Sold 50 chairs to Anil @ Rs 275 each for cash
  7. Record the following transaction in the three column cash book of Rajeswari for the month of June, 2017 

    2017 June   Rs
    1 Cash balance 30,000
      Bank balance 2,55,000
    5 Money withdrawn from bank for personal use 7,500
    7 Sold goods for cash 9,000
    8 Received cheque from Nirmala for Rs.9,900  
      in full settlement of Rs.10,000  
    10 Nirmala's cheque deposited with bank  
    11 Sold goods to Dhanalakshmi on credit 7,000
    16 Nirmala's cheque returned dishonoured  
    25 Withdrawn cash from bank for office use 5,000
    28 Chelladurai a customer paid money into bank by debit card 10,000
    30 Cash deposited in CDM 15,000
    30 Interest credited by the bank 100
    30 Payment made to Aavin through RTGS 2,00,000
  8. From the following transactions prepare three column cash book of Udhayakumar

    2017   Rs
    Sep 1 Cash balance 25,000
    1 Bank Balance (cr.) 13,070
    3 Paid into bank 15,000
    4

    Received cash from Shyamala & Co...
    Discount allowed to them Rs 120

    9380
    10 Goods sold for cash 7,600
    11 Cash purchases 11,750
    12 Gave Padma a Cheque for Rs 2 I,375 and was allowed a discount of 125
    18 Purchased a printer by cheque 7,600
    23 Received cash from Rajasekar 
    Discount allowed to him Rs 180
    14,320
  9. Prepare bank reconciliation statement from the following data.

    Particulars Rs
    (i) Credit balance as per cash book 5,000
    (ii) Cheques deposited but not yet credited 3,000
    (iii) Cheque issued but not yet presented for payment 4,000
    (iv) Rent collected by the bank as per standing instruction 120
    (v) Interest on overdraft debited by bank 760
    (vi) Amount wrongly debited by bank 300
    (vii) Cheque issued on 30th December 2017 dishonoured by the bank 520
    (viii) A customer's cheque deposited in the bank dishonoured by bank not recorded in the book 55
  10. Given below are the entries in the Bank column of the Cashbook and the passbook. Prepare a Bank reconciliation statement of Mr. Sekar as on August 31, 2013.

    Cash Book (Bank Column)
    Date Particulars Amount
    Rs
    Date Particulars Amount
    Rs
    2013 Aug 1 To Balance b/d 20,525 2013 Aug 8 By Kokila A/c 12,000
      To Shankar A/c 6,943   By Geetha A/c 9,740
      To Sales A/c (Rajan) 450   By Latha A/c 11,780
      To Commission A/c (Babu) 200   By Salaries A/c (Amala) 720
      To Nirmala A/c 7,810   By Balance c/d 1,688
        35,928     35,928
    2013 Sep   1,688      
    Pass book
    Date Particulars Dr.
    Withdrawals
    Rs
    Cr.
    Deposits
    Rs
    Balance
    Dr./Cr.
    Rs
    2013 Aug 1 By balance b/d     20,525 Cr.
    9 To Kokila 12,000   8,525 Cr
    19 By Shankar   6,943 15,468 Cr.
    25 By Rajan   450 15,918 Cr.
    26 To Geetha 9,740   6,178 Cr.
    27 By Babu   200 6,378 Cr.
    28 To Amala 720   5,658 Cr.
    30 By R/R   20,000  
    - By Interest   25  
    - By Interest on Investment   1,820 27,503 Cr.
    2013 Aug 31 To B/P 4,000   25,503 Cr.

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