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11th Standard English Medium Accountancy Subject Creative 2 Mark Questions with Solution Part - II

11th Standard

    Reg.No. :
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Accountancy

Time : 00:30:00 Hrs
Total Marks : 20
    10 x 2 = 20
  1. Mr. Suresh, an electronic good dealer, gifted a microwave of value Rs 40,000 to his friend Roshan and recorded it in books as drawings. Is he correct?

  2. Identify some of the accounting concepts in this case study.

  3. What do the following Journal Entries mean?
    Tamil Selvi A/c Dr.
    To Sales A/c

  4. Prepare Kavitha's account from the following details.

    2015 June   Rs
    1 Credit Balance of Kavitha's A/c 8,000
    15 Amount paid to Kavitha 6,000
    18 Goods purchased from Kavitha on Credit  10,000
    20 Paid to Kavitha 5,750
      Discount allowed 250
    25 Goods purchased from Kavitha 10,000
  5. Explain the principle on which the agreement of trial balance is based.

  6. Why the purchase of typewriter is not recorded? How do you record this transaction?

  7. Give a specimen of 'triple column cash book'.

  8. On 15th December, one of his customers made online payment to Magesh's current account, amounting to Rs. 1,000. There was no entry in the cash book for this.

  9. What do you mean by errors?

  10. A Company purchased a plant for Rs. 1,00,000. The useful life of the plant is 5 years and the residual value is Rs. 10,000. Find out the rate of depreciation under fixed percentage on original cost method.

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