New ! Accountancy MCQ Practise Tests



  1. Home
  2. 11th Standard
  3. Accountancy
  4. 11th Standard English Medium Accountancy Subject Final Accounts of Sole Proprietors - I Book Back 5 Mark Questions with Solution Part - I

Updated 11th Standard Accountancy Study Materials 2022-2023 Exams

11th Standard English Medium Accountancy Subject Final Accounts of Sole Proprietors - I Book Back 5 Mark Questions with Solution Part - I Question Bank Software Jun-09 , 2021

QB365 provides detailed and simple solution for every Book back Questions in class 11 Accountancy Subject. It will helps to get more idea about question pattern in every book back questions with solution.

11th Standard English Medium Accountancy Subject Final Accounts of Sole Proprietors - I Book Back 5 Mark Questions with Solution Part - I

11th Standard English Medium Accountancy Subject Final Accounts of Sole Proprietors - I Book Back 5 Mark Questions with Solution Part - I

11th Standard

    Reg.No. :
  •  
  •  
  •  
  •  
  •  
  •  

Accountancy

Time : 00:30:00 Hrs
Total Marks : 25

    Part I

    5 x 5 = 25

  1. From the following information, prepare trading and profit and loss account of Abdul Rahuman for the year ending 31st December 2016 and balance sheet as on that date. The closing stock on 31st December 2016 was valued at Rs. 2,000.

     Particulars   Rs   Particulars   Rs 
      Opening stock        500   Purchases     1,300
      Sales   5,000   Wages 700
      Discount received   500   Salary 500
      Building    50,000   Capital 50,000
      Cash in hand 4,500    

  2. From the following details, prepare profit and loss account.

     Particulars   Rs   Particulars   Rs 
      Gross profit        50,000   Interest received        2,000
      Office rent 10,000   Discount received 3,000
      Depreciation on office assets   8,000   Carriage outwards     2,500
      Discount allowed 12,000   Insurance on office building    3,500
      Advertisement 4,000   General expenses 3,000
      Audit fees 1,000   Freight inwards 1,000

  3. From the following balances obtained from the books of Mr. Ganesh, prepare trading and profit and loss account.

     Particulars   Rs   Particulars   Rs 
      Stock on 01.01.2017        8,000   Bad debts     1,200
      Purchases for the year     22,000   Trade expenses    1,200
      Sales for the year 42,000   Discount allowed 600
      Expenses on purchases     2,500   Commission allowed    1,100
      Financial charges paid  3,500   Selling expenses 600
      Expenses on sale 1,000   Repairs on office vehicles   600

    Closing stock on December 31.12.2017 was Rs. 4,500.

  4. Prepare trading and profit and loss account in the books of Ramasundari for the year ended 31st December 2017 and balance sheet as on that date from the following information:

     Particulars   Rs   Particulars   Rs 
      Opening stock       2,500   Sales     7,000
      Wages 2,700   Purchases     3,300
      Closing Stock     4,000   Salary 2,600
      Discount received    2,500   Capital 52,000
      Machinery 52,000   Cash at Bank    6,400
      Creditors 8,000     

  5. Prepare trading and profit and loss account and balance sheet in the books of Deri, a trader, from the following balances as on March 31, 2018.

     Debit Balances   Rs   Credit Balances   Rs 
      Stock      10,000   Sales     1,22,500
      Cash 2,500   Creditors 5,000
      Bank 5,000   Bills payable 2,000
      Freight inwards     750   Capital 1,00,000
      Purchases 95,000    
      Drawings 4,500    
      Wages 27,500    
      Machinery 50,000    
      Debtors 13,500    
      Postage (office) 150    
      Sundry expenses     850    
      Rent paid 2,500    
      Furniture 17,250    
      2,29,500   2,29,500

    Closing stock (31st March, 2018) Rs. 8,000.

*****************************************

Reviews & Comments about 11th Standard English Medium Accountancy Subject Final Accounts of Sole Proprietors - I Book Back 5 Mark Questions with Solution Part - I

Write your Comment