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Published on: 30/08/2022
QB365 provides a detailed and simple solution for every Possible Book Back Questions in Class 12 Accountancy Subject - Accounts From Incomplete Records, English Medium. It will help Students to get more practice questions, Students can Practice these question papers in addition to score best marks.
Download Tamil Nadu 12th Standard Accountancy question papers, model tests, one-mark questions, important questions, and public exam papers in PDF format. Free study materials and answer keys for TN State Board students.
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1.
From the following details, calculate credit purchases
| Particulars | Rs. |
|---|---|
| Opening creditors | 1,70,000 |
| Purchase returns | 20,000 |
| Cash paid to creditors | 4,50,000 |
| Closing creditors | 1,90,000 |
2.
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 |
3.
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 |
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.
From the following particulars ascertain profit or loss:
| Particulars | Rs. |
|---|---|
| Capital at the beginning of the year (1st April, 2018) | 5,00,000 |
| Capital at the end of the year (31st March, 2019) | 8,50,000 |
| Additional capital introduced during the year | 1,20,000 |
| Drawings during the year | 70,000 |
6.
What is a statement of affairs?
7.
State the accounts generally maintained by small sized sole trader when double entry accounting system is not followed.
8.
What is meant by incomplete records?
9.
From the following details, calculate credit purchases
| Particulars | Rs |
|---|---|
| Creditors on 1st April, 2018 | 50,000 |
| Returns outward | 6,000 |
| Cash paid to creditors | 1,60,000 |
| Creditors on 31st March, 2019 | 70,000 |
10.
From the following particulars, prepare bills receivable account and compute the bills received from the debtors
| Particulars | Rs |
|---|---|
| Opening bills receivable | 20,000 |
| Closing bills receivable | 30,000 |
| Cash received for bills receivable | 60,000 |
| Bills receivable dishonoured | 5,000 |
11.
Find out credit sales from the following information:
| Rs. | |
|---|---|
| Debtors on 1st January 2018 | 40,000 |
| Cash received from debtors | 1,00,000 |
| Discount allowed | 5,000 |
| Sales returns | 2,000 |
| Debtors on 31st December 2018 | Debtors on 31st December 2018 |
12.
From the following particulars ascertain profit or loss:
| Rs. | |
|---|---|
| Capital as on 1st April 2018 | 1,60,000 |
| Capital as on 31st March, 2019 | 1,50,000 |
| Additional capital introduced during the year | 25,000 |
| Drawings made during the year | 30,000 |
13.
From the following particulars ascertain profit or loss:
| Rs. | |
|---|---|
| Capital at the beginning of the year (1st April, 2016) | 2,00,000 |
| Capital at the end of the year (31st March, 2017) | 3,50,000 |
| Additional capital introduced during the year | 70,000 |
| Drawings during the year | 40,000 |
1.
| Particulars | Rs. | Particulars | Rs |
|---|---|---|---|
| To Cash (paid) | 4,50,000 | By Balance b/d | 1,70,000 |
| To Purchase returns | 20,000 | By Credit purchases | 4,90,000 |
| To Balance c/d | 1,90,000 | (balance figure) | |
| 6,60,000 | 6,60,000 |
2.
| Particulars | Rs. | Particulars | Rs |
|---|---|---|---|
| To Balance b/d | 1,40,000 | By Cash | 3,90,000 |
| To Debtors A/c | 4,80,000 | By Debtors | 30,000 |
| (Bills received during the year - balancing figure) |
(Bills receivable dishonored) | ||
| By Balance c/d | 2,00,000 | ||
| 6,20,000 | 6,20,000 |
3.
| Particulars | Rs. | Particulars | Rs |
|---|---|---|---|
| To Balance b/d | 1,00,000 | By Cash received | 2,30,000 |
| To Credit sales | 2,80,000 | By Discount allowd | 5,000 |
| (Balancing figure) | By Sales returns | 25,000 | |
| By Balance c/d | 1,20,000 | ||
| 3,80,000 | 3,80,000 |
4.
| Particulars | Rs. |
|---|---|
| Closing capital as on 31st December 2018 | 1,80,000 |
| Add : Drawings during the year | 50,000 |
| 2,30,000 | |
| Less: Additional capital introduced during the year | 40,000 |
| Adjusted closing capital | 1,90,000 |
| Less: Opening capital as on 1st January, 2018 | 2,20,000 |
| Loss for the year | 30,000 |
5.
| Particulars | Rs. |
|---|---|
| Closing capital (as on 31.03.2019) | 8,50,000 |
| Add : Drawings during the year | 70,000 |
| 9,20,000 | |
| Less: Additional capital introduced during the year | 1,20,000 |
| Adjusted closing capital | 8,00,000 |
| Less: Opening capital (as on 1st April, 2018) | 5,00,000 |
| Profit for the year | 3,00,000 |
6.
A Statement of affairs is a Statement showing the assets and liabilities on a particular date. The balance of assets show on the right side and the balance of liabilities on the left side. This Statement resembles a balance Sheet the difference between the total of assets and total of liabilities is taken as Capital.
Capitals = Assets - Liabilities
7.
Generally cash account and the personal accounts of customers and creditors are maintained by small sized sole trader. When double entry accounting system is not followed.
8.
(i) When accounting records are not strictly maintained according to double entry system, these records are called as incomplete accounting records.
(ii) Generally, cash account and the personal accounts of customers and creditors are maintained fully and other accounts are maintained based on necessity.
9.
| Particulars | Rs. | Particulars | Rs. |
|---|---|---|---|
| To Cash A/c (paid) | 1,60,000 | By Balance b/d | 50,000 |
| To Returns outward A/c | 6,000 | By Credit purchases A/c | 1,86,000 |
| To Balance c/d | 70,000 | (balancing figure) | |
| 2,36,000 | 2,36,000 |
Format of bills payable account
| Particulars | Rs | Particulars | Rs |
|---|---|---|---|
| To Cash / Bank A/c | xxx | By Balance b/d | xxx |
| (bills payable paid) | (opening balance) | ||
| To Sundry creditors A/c | xxx | By Sundry creditors A/c | xxx |
| (bills payable dishonoured) | (bills accepted) | ||
| To Balance c/d | xxx | ||
| (closing balance) | |||
| xxx | xxx |
10.
| Particulars | Rs | Particulars | Rs |
|---|---|---|---|
| To Balance b/d | 20,000 | By Cash A/c | 60,000 |
| To Debtors A/c | 75,000 | By Debtors A/c | 5,000 |
| (Bills received during the year – balancing figure) |
(Bills receivable dishonoured) | ||
| By Balance c/d | 30,000 | ||
| 95,000 | 95,000 |
11.
| Particulars | Rs | Particulars | Rs |
|---|---|---|---|
| To Balance b/d | 40,000 | By Cash A/c (received) | 1,00,000 |
| To Sales A/c (credit) | 1,27,000 | By Discount allowed A/c | 5,000 |
| (balancing figure) | By Sales returns A/c | 2,000 | |
| By Balance c/d | 60,000 | ||
| 1,67,000 | 1,67,000 |
12.
| Particulars | Rs. |
|---|---|
| Closing capital (as on 31.3.2019) | 1,50,000 |
| Add: Drawings during the year | 30,000 |
Less: Additional capital introduced during the year |
1,80,000 |
| 25,000 | |
| Adjusted closing capital | 1,55,000 |
| Less: Opening capital (as on 1.4.2018) | 1,60,000 |
| Loss incurred during the year | (-) 5,000 |
13.
| Particulars | Rs. |
|---|---|
| Closing capital (as on 31.3.2017) | 3,50,000 40,000 |
| Add: Drawings during the year | |
| 3,90,000 | |
| Less: Additional capital introduced during the year | 70,000 |
| Adjusted closing capital | 3,20,000 2,00,000 |
| Less: Opening capital (as on 1.4.2016) | |
| Profit made during the year | 1,20,000 |
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Computer Applications
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