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11th Standard English Medium Accountancy Subject Book Back 3 Mark Questions with Solution Part - II

11th Standard

    Reg.No. :
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Accountancy

Time : 00:30:00 Hrs
Total Marks : 30

    Part I

    10 x 3 = 30
  1. State the principles of double entry system of book keeping.

  2. Show the accounting equation on the basis of the following transactions:
    i) Ramya started business with Cash   Rs.25,000
    ii) Purchases goods from Harsha   Rs.20,000
    iii) Sold goods to Amala costing Rs.18,000    Rs.25,000
    iv) Ramya withdrew from business   Rs.5,000

  3. What are the limitations of trial balance?

  4. What are the advantages of subsidiary books?

  5. Prepare bank reconciliation statement as on 31st December 2017 from the following information:
    (a) Balance as per bank statement (pass book) is Rs.25,000.
    (b) No record has been made in the cash book for a dishonour of a cheque for Rs.250.
    (c) Cheques deposited into bank amounting to Rs.3,500 were not yet collected.
    (d) Bank charges of Rs.300 have not been entered in the cash book.
    (e) Cheques issued amounting to Rs.9,000 have not been presented for payment.

  6. The following errors were located by the accountant after the preparation of trial balance. There exists a suspense account. Rectify them.
    (a) The total of the discount column of Rs.1,180 on the debit side of the cash book was not posted.
    (b) Purchase of goods from Arivuchelvan on credit for Rs.600 was posted to the debit side of his account.
    (c) The total of the discount column on the credit side of the cash book was undercast by Rs.400.
    (d) The total of sales returns book of Rs.570 was posted twice.
    (e) Sold goods to Mukil on credit for Rs.87 was posted to her account as Rs.78.

  7. Prepare trading account for the year ended 31st December 2017, from the following balances:

     Particulars  Rs    Particulars  RS  
      Opening stock        4,00,000   Purchases returns         1,20,000
      Purchases 20,00,000   Carriage on purchases     2,00,000
      Net sales 48,00,000   Carriage on sales  1,00,000
      Freight and octroi     65,000   Advertisement 1,20,000
      Selling expenses 1,10,000   Office rent 75,000
      Coal, gas and water     22,000   Import duty on goods purchased    7,28,000

    Closing stock is valued at Rs. 6, 00,000.

  8. Compute cost of goods sold from the following information:

     Particulars   Rs   Particulars   Rs 
      Opening stock       10,000   Indirect expenses       5,000
      Purchases 80,000   Closing stock 15,000
      Direct expenses    7,000    
  9. Sundry debtors as per trial balance as on 31st March, 2016 is Rs. 10,000.
    Adjustment: Write off bad debts amounting to Rs. 300.
    Give adjusting entry and show how these appear in the final accounts as on 31st March, 2016.

  10. State the various types of coding methods.

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