Accounts From Incomplete Records Two Marks Questions

12th Standard EM

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Accountancy

Time : 00:45:00 Hrs
Total Marks : 20
    10 x 2 = 20
  1. From the following details find out total sales made during the year.

      Rs
    Debtors on 1st April 2018 50,000
    Cash received from debtors during the year 1,50,000
    Returns inward 15,000
    Bad debts 5,000
    Debtors on 31st March 2019 70,000
    Cash Sales 1,40,000
  2. What is meant by incomplete records?

  3. State the accounts generally maintained by small sized sole trader when double entry accounting system is not followed.

  4. From the following particulars ascertain profit or loss

    Particulars Rs.
    Capital as on 1st January 2018 2,20,000
    Capital as on 31st December 2018 1,80,000
    Additional capital introduced during the year 40,000
    Drawings made during the year 50,000
  5. Find out credit sales from the following information:

    Particulars Rs.
    Debtors on 1st April, 2018 1,00,000
    Cash received from debtors 2,30,000
    Discount allowed 5,000
    Returns inward 25,000
    Debtors on 31st March 2019 1,20,000
  6. From the following particulars, prepare bills receivable amount and compute the bills received from the debtors.

    Particulars Rs.
    Bills receivable at the beginning of the year 1,40,000
    Bills receivable at the end of the year 2,00,000
    Cash received for bills receivable 3,90,000
    Bills receivable dishonoured 30,000
  7. Under single entry system is it possible to check the arithmetical accuracy of books of accounts?

  8. Can a limited company maintain its accounts under single entry system?

  9. Why is statement of affairs prepared under single entry system not referred to as balance sheet?

  10. What are the possible reasons for keeping incomplete records?

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