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11th Accountancy - Term 1 Five Mark Model Question Paper

Published on: 16/09/2019

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Questions:

Generic 5

10 x 5 = 50

From the following transactions prepare three column cash book of Udhayakumar

2018	Particulars	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	9,380
10	Goods sold for cash	7,600
11	Cash purchases	11,750
12	Gave Padma a Cheque for Rs. 21,375 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

In the books of udhayakumar Three column cash book
				Amount Rs.							Amount Rs.
Date	Particluars	R.N	L.F	Discount Allowed	Cash	Bank	Date	Particluars	V.N	L.F	Discount Received	Cash	Bank
2018							2018
Sep. 1	To Balance b/d				25,000		Sep. 1	By Balance b/d					_______
3	To Cash A/c		C			______	3	By Bank A/c		C		15,000
4	To Shyamala & Co. A/c			120	9,380		11	By Purchases A/c				_____
10	A/c				7,600		12	A/c			125		21,375
23	__________			_______	14,320		18	By Padma A/c
30	To Rajasekar A/c					________	30	By Printer A/c				_____
	To Balance C/d							By Balance C/d
				300	56,300	42,045					125	56,300	42,045

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5	Money withdrawn from bank for personal use	7,500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25	Withdrawn cash from bank for office use	5,000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

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.

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

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

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

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

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

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

10.

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

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Answers Key:

Generic 5

10 x 5 = 50

In the books of udhayakumar Three column cash book
				Amount Rs							Amount Rs
Date	Particluars	R.N	L.F	Discount Allowed	Cash	Bank	Date	Particluars	V.N	L.F	Discount Received	Cash	Bank
2017							2017
Sep. 1	To Balance b/d				25,000		Sep. 1	By Balance b/d					13,070
3	To Cash A/c		C			15,000	3	By Bank A/c		C		15,000
4	To Shyamala & Co. A/c			120	9,380		11	By Purchases A/c				11,750
10	To Sales A/c				7,600		12	By Padma A/c			125		21,375
23	To Rajasekar A/c			180	14,320		30	By Printer A/c					7,600
30	To Balance C/d					27,045	30	By Balance c/d				29,550
				300	56,300	42,045					125	56,300	42,045

Dr In the Books of Mrs. Rajeswari Cash Book (Three columns) Cr
Date	Receipts	L.F	Amount			Date	Payments	L.F	Amount
			Discount allowed	Cash	Bank				Discount allowed	Cash	Bank
			(Rs)	(Rs)	(Rs)				(Rs)	(Rs)	(Rs)
2017 June						2017 June
1	To Balance b/d			30,000	2,55,000	5	By Drawings A/c				7,500
7	To Sales A/c			9,000		10	By Bank A/c			9,900
8	To Nirmala A/c		100	9,900		16	By Nirmala A/c				9,900
10	To Cash A/c				9,900	25	By Cash A/c	'C'			5,000
25	To Bank A/c	'C'		5,000		28	By Chelladurai A/c				10,000
30	To Cash A/c	'C'			15,000	30	By Bank A/c	'C'		15,000
						30	By Interest A/c				100
						30	By Aavin A/c				2,00,000
						30	By Balance c/d			29,000	47,000
			100	53,900	2,79,900					53,900	2,79,000
July 1
	To Balance b/d			29,000	47,400

Particulars	Amount Rs	Amount Rs
Balance as per Cashbook		1,688
Add: Bills receivable collected, not entered in cashbook	20,000
Interest collected, not entered in cash book	25
Interest on Investment collected, not entered in cash book	1,820
Cheques issued but not collected - Latha	11,780	33,625
		35,313
Less: Cheque paid into bank, but not collected - Nirmal	7,810
Bills payable paid, not entered in Cashbook	4,000	11,810
Balance as per pass book		23,503

Particulars	Amount Rs	Amount Rs
Credit balance as per Cashbook		5,000
Add: Cheque deposited but not yet credited	4,000
Interest on overdraft	120
Bill of exchange dishonoured	520
Bank charges debited by the bank	55	4,695
		9,695
Less: Cheques issued but not yet credited	3,000
Dividend collected by bank	760
Interest charged by bank	300	4,060
Overdraft as per bank statement		5,635

Journal Entries
Date	Particulars	Debit Rs.	Credit Rs.
2015 Feb. 1	Cash A/c Dr. To Sales A/c (Cash Sales)	5,000	5,000
2	Purchases A/c Dr. To Kumar's A/c (Credit purchases)	4,000	4,000
5	Prabu A/c Dr. To Sales A/c (Credit Sales)	8,000	8,000
12	Cash A/c Dr. To Prabu A/c (Cash paid)	1,200	1,200
20	Kumar A/c Dr. To Cash A/c (Cash paid)	2,000	2,000
25	Salary A/c Dr. To Cash A/c (Salary paid)	3,000	3,000

Dr. Ledger Account Cash Account Cr.
Date	Particulars	Amount Rs	Date	Particulars	Amount Rs
2015 Feb. 1	To Sales A/c	5,000	2015 Feb 20	By Kumar A/c	2,000
12	To Prabu A/c	1,200	25	By Salary A/c	3,000
			28	By Balance c/d	1,200
		6,200			6,200
2016 Mar. 1	To Balance b/d	1,200

Dr. Sales Account Cr.
Date	Particulars	Amount Rs	Date	Particulars	Amount Rs
2015 Feb. 28	To Balance c/d	13,000	2015 Feb. 1	By Cash A/c	5,000
			5	By Prabu A/c	8,000
		13,000			13,000
			Mar. 1	By Balance b/d	13,000

Dr. Purchases Account Cr.
Date	Particulars	Amount Rs.	Date	Particulars	Amount Rs.
2015 Feb. 2	To Kumar A/c	4,000	2015 Feb. 28	By Balance c/d	4,000
		4,000			4,000
Mar. 1	To Balance b/d	4,000

Dr. Kumar Account Cr.
Date	Particulars	Amount Rs	Date	Particulars	Amount Rs
2015 Feb. 20	To Cash A/c	2,000	2015 Feb. 2	By Purchases A/c	4,000
28	To Balance c/d	2,000
		4,000			4,000
			2015 Mar. 1	By Balance b/d	2,000

Dr. Prabhu Account Cr.
Date	Particulars	Amount Rs	Date	Particulars	Amount Rs
2015 Feb. 5	To sales A/c	8,000	2015 Feb. 12	By Cash A/c	1,200
			28	By Balance c/d	6,800
		8,000			8,000
2015 Mar. 1	To Balance b/d	6,800

Dr. Salary Account Cr.
Date	Particulars	Amount Rs	Date	Particulars	Amount Rs
2015 Feb. 25	To Cash A/c	3,000	2015 Feb. 28	By Balance c/d	3,000
		3,000			3,000
Mar. 1	To Balance b/d	3,000

In the books of Sundar Journal Entries
Date	Particulars		Debit Rs	Credit Rs
2017 Dec 1	Cash A/c	Dr	2,00,000
	To Sundar's capital A/c			2,00,000
	(Started business with cash)
2	Purchases A/c	Dr	80,000
	To X and Co A/c			80,000
	(Credit purchases)
4	Bank A/c	Dr	50,000
	To Cash A/c			50,000
	(Goods sold and the payment is received by net banking)
6	Bank A/c	Dr	7,000
	To Sales A/c			7,000
	(Goods sold and the payment is received through debit card)
7	Ashish A/c	Dr	700
	To Sales A/c			700
	(Goods sold on credit)
8	Cash A/c	Dr	1,000
	To Bank A/c			1,000
	(Being amount withdrawn from bank)
9	Furniture A/c	Dr	2,000
	To Bank A/c			2,000
	(Furniture purchased and payment made through Debit card)
10	Salaries A/c	Dr	6,000
	To Cash A/c			6,000
	(Salaries paid by cash)
11	Furniture A/c	Dr	25,000
	To Cash A/c			5,000
	To Y's A/c			20,000
	(Furniture purchased and advance is given)

In the Books of Kamala Stores Sales Book
Date	Particulars	Outward Invoice No.	L.F	Amount
Date	Particulars	Outward Invoice No.	L.F	Details (Rs)	Total (Rs)
2017 May 2	Naveen Stores
	5 computer tables @ Rs 1,750				8,750
May 9	Deepa& Co.,
	6 dining tables @ Rs 1,900				11,400
May 15	Rajesh
	10 dressing tables @ Rs 2,750				27,500
May 24	Anil
	5 wooden tables @ Rs 1,250				6,250
	Sales A/c Cr.				53,900

Note:
(i) Sold of old computers on May 27 should not be recorded in this book, because computer is an asset for firm dealing in Furniture.
(ii) The transaction of cash sales on May 29 should not be recorded in this book.

S.No.	Transaction	Cash Rs.	Stock Rs.	Total Assets Rs.	=	Total Liabilities Rs.	Capital Rs.
a)	Started business with cash	+80,000					+80,000
	Balance	+80,000					+80,000
	Equation			+80,000	=	+80,000
b)	Cash purchases	-30,000	+30,000
	Balance	+50,000	+30,000				+80,000
	Equation			+80,000	=	+80,000
c)	Paid salaries by cash	-5,000					-5,000
	Balance	+45,000	+30,000				+75,000
	Equation			+75,000	=	+75,000
d)	Deposited money in CDM	-5,000	+5,000
	Balance	+40,000	+35,000				+75,000
	Equation			+75,000	=	+75,000
e)	Introduced additional capital	+10,000					+10,000
	Balance	+50,000	+35,000				+85,000
	Equation			+85,000	=	+85,000

Trial Balance

S.No	Name of account	Debit balance Rs	Credit balance Rs
1.	Purchases	1,00,000
2	Bank Loan		75,000
3	Debtors	1,50,000
4	Stock	35,000
5	Sales		1,50,000
6	Creditors		50,000
7	Cash	90,000
8	Capital		1,00,000
	Total	3,75,000	3,75,000

10.

Journal Entries

Date	Particulars	Debit (Rs.)	Credit (Rs.)
2016 Jan 1	Cash A/C Dr. To Capital A/C (started business with cash)	10,000	10,000
5	Bank A/C Dr. To cash A/C (Amount paid into Bank)	5,000	5,000
7	Purchase A/C Dr. To Cash A/C (Cash purchases)	1,000	1,000