Tamilnadu Board Accountancy State Board (Tamilnadu) for 11th Standard (English Medium) Question paper & Study Materials

TN 11th Accountancy Trial Balance Important 2, 3 & 5 Marks Questions With Answers Book Back and Creative - by Sneha View & Read

TN 11th Accountancy Subsidiary Books - II Important 2, 3 & 5 Marks Questions With Answers Book Back and Creative - by Sneha View & Read

TN 11th Accountancy Subsidiary Books - I Important 2, 3 & 5 Marks Questions With Answers Book Back and Creative - by Sneha View & Read

TN 11th Accountancy Rectification of Errors Important 2, 3 & 5 Marks Questions With Answers Book Back and Creative - by Sneha View & Read

TN 11th Accountancy Market Structure and Pricing 50 Important 1 Marks Questions With Answers Book Back and Creative - by Sneha View & Read

TN 11th Accountancy Ledger Important 2, 3 & 5 Marks Questions With Answers Book Back and Creative - by Sneha View & Read

TN 11th Economics Introduction to Micro Economics 50 Important 1 Marks Questions With Answers Book Back and Creative - by Sneha View & Read

TN 11th Economics Cost and Revenue Analysis 50 Important 1 Marks Questions With Answers Book Back and Creative - by Sneha View & Read

TN 11th Accountancy Trial Balance 50 Important 1 Marks Questions With Answers Book Back and Creative - by Sneha View & Read

TN 11th Accountancy Subsidiary Books - II 50 Important 1 Marks Questions With Answers Book Back and Creative - by Sneha View & Read

TN 11th Accountancy Subsidiary Books - I 50 Important 1 Marks Questions With Answers Book Back and Creative - by Sneha View & Read

TN 11th Accountancy Final Accounts of Sole Proprietors - I Important 2, 3 & 5 Marks Questions With Answers Book Back and Creative - by Sneha View & Read

TN 11th Accountancy Depreciation Accounting Important 2, 3 & 5 Marks Questions With Answers Book Back and Creative - by Sneha View & Read

TN 11th Accountancy Conceptual Framework of Accounting Important 2, 3 & 5 Marks Questions With Answers Book Back and Creative - by Sneha View & Read

TN 11th Accountancy Capital and Revenue Transactions Important 2, 3 & 5 Marks Questions With Answers Book Back and Creative - by Sneha View & Read

TN 11th Accountancy Capital and Revenue Transactions Important 2, 3 & 5 Marks Questions With Answers Book Back and Creative - by Sneha View & Read

TN 11th Accountancy Books of Prime Entry Important 2, 3 & 5 Marks Questions With Answers Book Back and Creative - by Sneha View & Read

TN 11th Accountancy Bank Reconciliation Statement Important 2, 3 & 5 Marks Questions With Answers Book Back and Creative - by Sneha View & Read

TN 11th Accountancy Rectification of Errors 50 Important 1 Marks Questions With Answers Book Back and Creative - by Sneha View & Read

TN 11th Accountancy Ledger 50 Important 1 Marks Questions With Answers Book Back and Creative - by Sneha View & Read

TN 11th Accountancy Introduction to Accounting 50 Important 1 Marks Questions With Answers Book Back and Creative - by Sneha View & Read

TN 11th Accountancy Final Accounts of Sole Proprietors - I 50 Important 1 Marks Questions With Answers Book Back and Creative - by Sneha View & Read

TN 11th Accountancy Depreciation Accounting 50 Important 1 Marks Questions With Answers Book Back and Creative - by Sneha View & Read

TN 11th Accountancy Computerised Accounting 50 Important 1 Marks Questions With Answers Book Back and Creative - by Sneha View & Read

TN 11th Accountancy Capital and Revenue Transactions 50 Important 1 Marks Questions With Answers Book Back and Creative - by Sneha View & Read

TN 11th Accountancy Bank Reconciliation Statement 50 Important 1 Marks Questions With Answers Book Back and Creative - by Sneha View & Read

11th Standard English Medium Accountancy Subject Introduction to Accounting Creative 1 Mark Questions with Solution Part - I updated Creative Questions - by Question Bank Software View & Read

  • 1)

    _____________has rightly been termed as the language of the business.

  • 2)

    _____________must be properly maintained to increase their productivity.

  • 3)

    ____________of a business have to be repaid in due time.

  • 4)

    ____________also require accounting records to submit in courts to prove their claims.

  • 5)

    Accounting is not a modern concept and it is as old as _____________

11th Standard English Medium Accountancy Subject Introduction to Accounting Creative 1 Mark Questions with Solution Part - II updated Creative Questions - by Question Bank Software View & Read

  • 1)

    The industrial revolution took place in ______________

  • 2)

    Double- entry book-keeping first emerged in Italy in the ___________ century.

  • 3)

    ______________ wrote his 'Summa de arithmetical'.

  • 4)

    _____________ provides the relevant data to make appropriate decisions.

  • 5)

    Accounting works as a tool for measuring past performance of the ___________ enterprises.

11th Standard English Medium Accountancy Subject Conceptual Framework of Accounting Creative 1 Mark Questions with Solution Part - I updated Creative Questions - by Question Bank Software View & Read

  • 1)

    The profounder of double entry system of book-keeping is ___________

  • 2)

    Which of the following does not follow dual aspect concept?

  • 3)

    ___________ is the process of recording business transactions in the books of accounts in a systematic way.

  • 4)

    When money came into existence, ____________ activities involving money also flourished along with it.

  • 5)

    ___________ involves recording business transactions of financial nature in the books of accounts.

11th Standard English Medium Accountancy Subject Conceptual Framework of Accounting Creative 1 Mark Questions with Solution Part - II updated Creative Questions - by Question Bank Software View & Read

  • 1)

    __________________ is basically generating financial information.

  • 2)

    _____________ is the process of managing the income and expenses of a business firm.

  • 3)

    ____________ is a branch of knowledge.

  • 4)

    __________ concept helps in keeping business affairs free from the influence of personal affairs of the owner.

  • 5)

    According to _____________ concept only business transactions are recorded.

11th Standard English Medium Accountancy Subject Books of Prime Entry Creative 1 Mark Questions with Solution Part - I updated Creative Questions - by Question Bank Software View & Read

  • 1)

    ________ starts with identifying business transactions involving money or money's worth.

  • 2)

    ____________ are recorded as and when they take place with the written and authentic proof.

  • 3)

    ______ is used for credit purchases and credit sales.

  • 4)

    ________ is prepared in three copies.

  • 5)

    _______ is prepared in duplicate and the original is sent to the seller.

11th Standard English Medium Accountancy Subject Books of Prime Entry Creative 1 Mark Questions with Solution Part - II updated Creative Questions - by Question Bank Software View & Read

  • 1)

    Record of business transactions in the journal is known as_____________

  • 2)

    The receiving aspect in a transaction is called _________.

  • 3)

    The giving aspect in a transaction is caned ___________.

  • 4)

    Capital account is classified under________.

  • 5)

    Commission received is an example of_________.

11th Standard English Medium Accountancy Subject Ledger Creative 1 Mark Questions with Solution Part - I updated Creative Questions - by Question Bank Software View & Read

  • 1)

    The ledger account is prepared in ______________ format.

  • 2)

    The process of transferring the debit and credit items from the journal to the ledger accounts is called _______________

  • 3)

    When a journal entry has more than one debit or more than one credit or both, it is called a _________________

  • 4)

    Ledger is a book of _______________

  • 5)

    Personal and real accounts are _____________

11th Standard English Medium Accountancy Subject Ledger Creative 1 Mark Questions with Solution Part - II updated Creative Questions - by Question Bank Software View & Read

  • 1)

    Real accounts always show _________________

  • 2)

    Accounts having credit balance is closed by writing ________________

  • 3)

    The balances of Personal and Real Accounts are shown in the ______________

  • 4)

    Normally, in a majority of business concern, the ledger is a _______________

  • 5)

    In big concerns, the ledger is ________________

11th Standard English Medium Accountancy Subject Trial Balance Creative 1 Mark Questions with Solution Part - I updated Creative Questions - by Question Bank Software View & Read

  • 1)

    ______________ is a statement containing the debit and credit balances of all ledger accounts on a particular date.

  • 2)

    The preparation of ___________ is the third step in the accounting process.

  • 3)

    The first step is recording the business transactions in ____________.

  • 4)

    ______________helps to check the arithmetical accuracy of entries made in the accounting records.

  • 5)

    The trial balance helps in discovering errors which may have been committed in the __________.

11th Standard English Medium Accountancy Subject Trial Balance Creative 1 Mark Questions with Solution Part - II updated Creative Questions - by Question Bank Software View & Read

  • 1)

    _____________ is prepared on a specific data.

  • 2)

    ____________ method is not commonly used as it cannot help in the preparation of financial statements.

  • 3)

    The ____________ method is widely used, as it helps in the preparation of financial statements.

  • 4)

    Suspense account in the trial balance is entered in the ______________.

  • 5)

    Suspense account having credit balance will be shown on the _____________.

11th Standard English Medium Accountancy Subject Subsidiary Books - I Creative 1 Mark Questions with Solution Part - I updated Creative Questions - by Question Bank Software View & Read

  • 1)

    Instead of recording in one journal, the transactions are recorded in a number of prescribed books called ____

  • 2)

    The sub-division of work gives the advantage of specialisation leading to _____

  • 3)

    ______ is one of the most important books, in which credit purchases of goods are recorded.

  • 4)

    Purchases book does not keep record of purchases of _____

  • 5)

    ______ is the statement prepared by the seller of goods.

11th Standard English Medium Accountancy Subject Subsidiary Books - I Creative 1 Mark Questions with Solution Part - II updated Creative Questions - by Question Bank Software View & Read

  • 1)

    ______ is the statement prepared by the seller of goods.

  • 2)

    Entries in the purchases day book are made from invoices which are popularly known as _____

  • 3)

    Business concerns are always profit motivated and try to increase their _____

  • 4)

    ______ is an allowance given on list or catalogue price of the article at the time of selling.

  • 5)

    _____ is maintained to record only credit sale of goods in which the business dealing.

11th Standard English Medium Accountancy Subject Subsidiary Books - II Creative 1 Mark Questions with Solution Part - I updated Creative Questions - by Question Bank Software View & Read

  • 1)

    __________ is the most important subsidiary book.

  • 2)

    ____________ is maintained by every business, whether small or large is size

  • 3)

    __________ Cash Book has only one amount column that is cash column

  • 4)

    _________ transactions are not recorded in the cash book

  • 5)

    ___________ discount is allowed to the parties making prompt or immediate payment.

11th Standard English Medium Accountancy Subject Subsidiary Books - II Creative 1 Mark Questions with Solution Part - II updated Creative Questions - by Question Bank Software View & Read

  • 1)

    The ______________ column Cash book is prepared on the lines of simple cash book

  • 2)

    All the transactions which decrease bank balance are recorded in the ___________ column on the Credit side.

  • 3)

    In addition to cash dealings, every business may use cheques as a means of ___________

  • 4)

    For the purpose of accounting, cheques received are treated as ______________

  • 5)

    The amount given to the petty cashier in advance is known as ____________

11th Standard English Medium Accountancy Subject Bank Reconciliation Statement Creative 1 Mark Questions with Solution Part - I updated Creative Questions - by Question Bank Software View & Read

  • 1)

    ________________can also be made through bank

  • 2)

    _______________is simply a copy of the customer's account in the books of a bank.

  • 3)

    In recent times, the copy of the records can be obtained by the customer electronically, which is called _______________

  • 4)

    ___________is not possible to have unfavourable cash balance in the cash book.

  • 5)

    _______________can be prepared either from the balance as per cash book or bank statement.

11th Standard English Medium Accountancy Subject Bank Reconciliation Statement Creative 1 Mark Questions with Solution Part - II updated Creative Questions - by Question Bank Software View & Read

  • 1)

    Debit balance in the Cash book means________________

  • 2)

    When balance as per Cash book is the starting point, to ascertain balance as per Pass book interest allowed by bank is______________

  • 3)

    When balance as per Cashbook is the starting point to ascertain balance as per Pass book interest charged by bank is__________________

  • 4)

    A bank pass book is a copy of_____________

  • 5)

    The bank statement shows on overdrawn balance of Rs. 2,000. A cheque for Rs. 500 drawn in favour of a creditor has not yet been presented for payment. When the creditor presents the cheque for payment, the bank balance will be __________

11th Standard English Medium Accountancy Subject Rectification of Errors Creative 1 Mark Questions with Solution Part - I updated Creative Questions - by Question Bank Software View & Read

  • 1)

    Many business enterprises have shifted from manual accounting to ________________ accounting.

  • 2)

    The failure of the accountant to record a transaction in the books of accounts is known as ________________

  • 3)

    When the accountant has failed to record a transaction partially, it is known as ________________

  • 4)

    _______________ usually occurs due to lack of concentration or carelessness of the accountant.

  • 5)

    The errors that make up for each other or neutralise each other are known as _______________

11th Standard English Medium Accountancy Subject Rectification of Errors Creative 1 Mark Questions with Solution Part - II updated Creative Questions - by Question Bank Software View & Read

  • 1)

    ________________ account will remain in the books until the location and rectification of errors.

  • 2)

    When errors are located and rectified, _______________ automatically gets closed.

  • 3)

    Errors which affect one side of an account are called ___________

  • 4)

    Amount spent on servicing office Typewriter should be debited to:

  • 5)

    Wages paid to workers for the installation of a new machinery should be debited to :

11th Standard English Medium Accountancy Subject Introduction to Accounting Book Back 1 Mark Questions with Solution Part - I updated Book back Questions - by Question Bank Software View & Read

  • 1)

    The root of financial accounting system is ______.

  • 2)

    Which one of the following is not a main objective of Accounting?

  • 3)

    Which one of the following is not a branch of accounting?

  • 4)

    Financial position of a business is ascertained on the basis of ______.

  • 5)

    Who is considered to be the internal user of the financial information?

11th Standard English Medium Accountancy Subject Depreciation Accounting Creative 1 Mark Questions with Solution Part - I updated Creative Questions - by Question Bank Software View & Read

  • 1)

    In every business, certain ____________ assets are usedfor the conduct' of business operations.

  • 2)

    The assets that are not depreciated are referred to as ___________ assets.

  • 3)

    _________ is a non-depreciable asset.

  • 4)

    ____________ is a statement of financial position of a business.

  • 5)

    The written down value is the true value of ________ assets

11th Standard English Medium Accountancy Subject Conceptual Framework of Accounting Book Back 1 Mark Questions with Solution Part - I updated Book back Questions - by Question Bank Software View & Read

  • 1)

    The business is liable to the proprietor of the business in respect of capital introduced by the person according to

  • 2)

    The concept which assumes that a business will last indefinitely is

  • 3)

    GAAPs are:

  • 4)

    The rule of stock valuation 'cost price or realisable value' whichever is lower is based on the accounting principle of :

  • 5)

    In India, Accounting Standards are issued by

11th Standard English Medium Accountancy Subject Depreciation Accounting Creative 1 Mark Questions with Solution Part - II updated Creative Questions - by Question Bank Software View & Read

  • 1)

    ____________ method is appropriate for the fixed assets having certain period of working life.

  • 2)

    ____________ is also knonw as written downvalue method or reducing instalments method.

  • 3)

    ___________ method is recognised and accepted by income tax authorities.

  • 4)

    If original cost of the asset is Rs.1,00,000 and the rate of depreciation is 10% per annum. The depreciation in the first year will be Rs.___________

  • 5)

    _________________ method, the amount spent on the purchase of an asset is regarded as an investment.

11th Standard English Medium Accountancy Subject Books of Prime Entry Book Back 1 Mark Questions with Solution Part - I updated Book back Questions - by Question Bank Software View & Read

  • 1)

    Accounting equation signifies 

  • 2)

    A firm has assets of Rs.1,00,000 and the external liabilities of Rs.60,000. Its capital would be  

  • 3)

    Accounting equation is formed based on the accounting principle of

  • 4)

    Which one of the following is representative personal account?

  • 5)

    With drawal of cash from business by the proprietor should be credited to 

11th Standard English Medium Accountancy Subject Capital and Revenue Transactions Creative 1 Mark Questions with Solution Part - I updated Creative Questions - by Question Bank Software View & Read

  • 1)

    In the accounting cycle ___________ items are to be shown in the trading and profit and loss account.

  • 2)

    ___________ items are to be shown in the Balance sheet.

  • 3)

    The benefits of ___________ are available for more than one year.

  • 4)

    ____________ is recurring in nature.

  • 5)

    Depreciation on fixed asset is an example of ____________

11th Standard English Medium Accountancy Subject Books of Prime Entry Book Back 1 Mark Questions with Solution Part - II updated Book back Questions - by Question Bank Software View & Read

  • 1)

    'Cash withdrawn by the proprietor from the business for his personal use' causes

  • 2)

    The incorrect accounting equation 

  • 3)

    Real account deals with  

  • 4)

    Prepaid rent is a  

  • 5)

    In double entry system of book keeping, every business transaction affects  

11th Standard English Medium Accountancy Subject Capital and Revenue Transactions Creative 1 Mark Questions with Solution Part - II updated Creative Questions - by Question Bank Software View & Read

  • 1)

    ___________ is received in the normal course of business

  • 2)

    The loss which is not incurred in the normal course of business is ___________

  • 3)

    Transaction which provide benefit to the business for more than one year is called as ___________

  • 4)

    Amount spent on remodelling an old car is an example of ______________

  • 5)

    Shanthi introduces Rs.50,000 as additional capital in the business. This amount will be considered as _____________.

11th Standard English Medium Accountancy Subject Ledger Book Back 1 Mark Questions with Solution Part - I updated Book back Questions - by Question Bank Software View & Read

  • 1)

    The process of transferring the debit and credit items from journal to ledger accounts is called 

  • 2)

    J. F. means ___________

  • 3)

    The process of finding the net amount from the totals of debit and credit columns in a ledger is known as

  • 4)

    If the total of the debit side of an account exceeds the total of its credit side, it means

  • 5)

    The amount brought into the business by the proprietor should be credited to

11th Standard English Medium Accountancy Subject Final Accounts of Sole Proprietors - I Creative 1 Mark Questions with Solution Part - I updated Creative Questions - by Question Bank Software View & Read

  • 1)

    At the end of the accounting year the balance in purchases returns account is closed by transferring to __________ account.

  • 2)

    ___________ refers to buying and selling of goods with the intention of making profit.

  • 3)

    ____________ account is prepared to find out the difference between the revenue from sales and cost of goods sold.

  • 4)

    _____________ refers to directly related cost.

  • 5)

    If the amount of sales exceeds the cost of goods sold, the difference is ____________

11th Standard English Medium Accountancy Subject Trial Balance Book Back 1 Mark Questions with Solution Part - I updated Book back Questions - by Question Bank Software View & Read

  • 1)

    After the preparation of ledger, the next step is the preparation of

  • 2)

    Which of the following is/are the objective(s) of preparing trial balance?

  • 3)

    A list which contains balances of accounts to know whether the debit and credit balances are matched is _______

  • 4)

    The account which has a debit balance and is shown in the debit column of the trial balance is_______

  • 5)

    Trial balance is prepared ____________

11th Standard English Medium Accountancy Subject Final Accounts of Sole Proprietors - I Creative 1 Mark Questions with Solution Part - II updated Creative Questions - by Question Bank Software View & Read

  • 1)

    All the expenses incurred on the purchase of goods are ____________

  • 2)

    Trading account is a __________ account.

  • 3)

    ____________ is a tax levied by the local authority when the purchased goods enter the municipal limits.

  • 4)

    ___________ is the amount paid to the owner of a mine or a patent for using owner's right.

  • 5)

    The goods remaining unsold at the end of the accounting period are known as ___________

11th Standard English Medium Accountancy Subject Trial Balance Book Back 1 Mark Questions with Solution Part - II updated Book back Questions - by Question Bank Software View & Read

  • 1)

    Trial balance is a_____

  • 2)

    The trial balance contains the balances of_____

  • 3)

    While preparing the trial balance, the accountant finds that the total of the credit column is short by Rs.200. This difference will be

  • 4)

    Which of the following method(s) can be used for preparing trial balance?

  • 5)

    The difference of totals of both debit and credit side of trial balance is transferred to _________

11th Standard English Medium Accountancy Subject Computerised Accounting Creative 1 Mark Questions with Solution Part - I updated Creative Questions - by Question Bank Software View & Read

  • 1)

    Expand CAS ________

  • 2)

    __________ packages are used by medium or large business enterprises.

  • 3)

    __________ is an identification mark.

  • 4)

    ___________ codes are applied primarily to source documents.such as cheques, invoices, etc.

  • 5)

    ___________code can facilitate document search.

11th Standard English Medium Accountancy Subject Subsidiary Books - I Book Back 1 Mark Questions with Solution Part - I updated Book back Questions - by Question Bank Software View & Read

  • 1)

    Purchases book is used to record______

  • 2)

    Sales book is used to record_____

  • 3)

    Purchase returns book is used to record_____

  • 4)

    Purchases of fixed assets on credit basis is recorded in_______

  • 5)

    Which of the following statements is not true?

11th Standard English Medium Accountancy Subject Final Accounts of Sole Proprietors - II Creative 1 Mark Questions with Solution Part - I updated Creative Questions - by Question Bank Software View & Read

  • 1)

    The expenses and incomes for the full accounting period must be taken into account while preparing ______

  • 2)

    _____ principle requires that generally the revenue should be recognised in the period in which sale is deemed to have occurred.

  • 3)

    ______ earned during the period must be compared with the expenses incurred during the period.

  • 4)

    The unsold goods in stock at the end of the accounting period Is termed as ______

  • 5)

    Outstanding expense account is a representative ______ account.

11th Standard English Medium Accountancy Subject Subsidiary Books - I Book Back 1 Mark Questions with Solution Part - II updated Book back Questions - by Question Bank Software View & Read

  • 1)

    A periodic total of the purchases book is posted to the _______

  • 2)

    The total of the sales book is posted periodically to the credit of ____  

  • 3)

    Sales return book is used to record_________

  • 4)

    The source document or voucher used for recording entries in sales book is ____

  • 5)

    Closing entries are recorded in _____

11th Standard English Medium Accountancy Subject Final Accounts of Sole Proprietors - II Creative 1 Mark Questions with Solution Part - II updated Creative Questions - by Question Bank Software View & Read

  • 1)

    The income which has been earned during the current accounting year but .not received till the end of that accounting year is called as _____

  • 2)

    ______ is treated asbusiness expense.

  • 3)

    ______ is provided because the proprietor is separate from the business.

  • 4)

    The decrease in value of fixed assets due to usage or passage of time is called ______

  • 5)

    _______ is a loss for the business and should be adjusted against profit.

11th Standard English Medium Accountancy Subject Subsidiary Books - II Book Back 1 Mark Questions with Solution Part - I updated Book back Questions - by Question Bank Software View & Read

  • 1)

    The cash book records____.

  • 2)

    A cash book with discount, cash and bank column is called_______

  • 3)

    Which of the following is recorded as contra entry?

  • 4)

    The balance in the petty cash book is_____.

  • 5)

    Petty Cash may be used to pay __________

11th Standard English Medium Accountancy Subject Computerised Accounting Creative 1 Mark Questions with Solution Part - II updated Creative Questions - by Question Bank Software View & Read

  • 1)

    Impact of computer is seriously felt in accounting more than any other department of the ___________

  • 2)

    Computerised accounting system refers to the system of maintaining accounts using ___________

  • 3)

    Computerised accounting system facilitates the management and other users to maintain accounts and prepare _____________

  • 4)

    ______________ can perform functions at much higher speed than the speed of human beings.

  • 5)

    _____________ is free from tiredness and lack of concentration.

11th Standard English Medium Accountancy Subject Subsidiary Books - II Book Back 1 Mark Questions with Solution Part - II updated Book back Questions - by Question Bank Software View & Read

  • 1)

    Cash book is a_______

  • 2)

    When a firm maintains a simple cash book, it need not maintain_______.

  • 3)

    In Triple column cash book, the balance of bank overdraft brought forward will appear in_________

  • 4)

    If the debit and credit aspects of a transaction are recorded in the cash book, it is ______.

  • 5)

    Small payments are recorded in a book called_____.

11th Standard English Medium Accountancy Subject Introduction to Accounting Creative 2 Mark Questions with Solution Part - I updated Creative Questions - by Question Bank Software View & Read

  • 1)

    What is financial accounting?

  • 2)

    What is cost accounting?

  • 3)

    What is sales?

  • 4)

    Who is a proprietor?

  • 5)

    What is meant by drawings?

11th Standard English Medium Accountancy Subject Bank Reconciliation Statement Book Back 1 Mark Questions with Solution Part - I updated Book back Questions - by Question Bank Software View & Read

  • 1)

    A bank reconciliation statement is prepared by ______.

  • 2)

    Debit balance in the bank column of the cash book means _______.

  • 3)

    A bank reconciliation statement is prepared to know the causes for the difference between:

  • 4)

    Which of the following is not the salient feature of bank reconciliation statement?

  • 5)

    Balance as per bank statement is Rs. 1,000. Cheque deposited, but not yet credited by the bank is Rs. 2,000. What is the balance as per bank column of the cash book?

11th Standard English Medium Accountancy Subject Introduction to Accounting Creative 2 Mark Questions with Solution Part - II updated Creative Questions - by Question Bank Software View & Read

  • 1)

    What do you mean by accounting cycle?

  • 2)

    What is bad debt?

  • 3)

    What is depreciation?

  • 4)

    What is purchases and purchase returns?

  • 5)

    What do you mean by solvency and Insolvency

11th Standard English Medium Accountancy Subject Bank Reconciliation Statement Book Back 1 Mark Questions with Solution Part - II updated Book back Questions - by Question Bank Software View & Read

  • 1)

    A bank reconciliation statement is prepared with the help of ______.

  • 2)

    A bank statement is a copy of _______.

  • 3)

    When money is withdrawn from bank, the bank _______.

  • 4)

    Balance as per cash book is Rs. 2,000. Bank charge of Rs. 50 debited by the bank is not yet shown in the cash book. What is the bank statement balance now?

  • 5)

    Which one of the following is not a timing difference?

11th Standard English Medium Accountancy Subject Conceptual Framework of Accounting Creative 2 Mark Questions with Solution Part - I updated Creative Questions - by Question Bank Software View & Read

  • 1)

    What are the conventions of accounting?

  • 2)

    Define book-keeping according to R.N. Carter.

  • 3)

    What do you mean by business entity concept?

  • 4)

    What is dual aspect concept?

  • 5)

    What is convention of conservatism?

11th Standard English Medium Accountancy Subject Rectification of Errors Book Back 1 Mark Questions with Solution Part - I updated Book back Questions - by Question Bank Software View & Read

  • 1)

    Error of principle arises when _______.

  • 2)

    The difference in trial balance is taken to _______.

  • 3)

    Wages paid for installation of machinery wrongly debited to wages account is an error of _______.

  • 4)

    Goods returned by Senguttuvan were taken into stock, but no entry was passed in the books. While rectifying this error, which of the following accounts should be debited?

  • 5)

    The total of purchases book was overcast. Which of the following accounts should be debited in the rectifying journal entry?

11th Standard English Medium Accountancy Subject Introduction to Accounting Creative 2 Mark Questions with Solution Part - II updated Creative Questions - by Question Bank Software View & Read

  • 1)

    What do you mean by accounting cycle?

  • 2)

    What is bad debt?

  • 3)

    What is depreciation?

  • 4)

    What is purchases and purchase returns?

  • 5)

    What do you mean by solvency and Insolvency

11th Standard English Medium Accountancy Subject Rectification of Errors Book Back 1 Mark Questions with Solution Part - II updated Book back Questions - by Question Bank Software View & Read

  • 1)

    Errors not affecting the agreement of trial balance are _______.

  • 2)

    A transaction not recorded at all is known as an error of _______.

  • 3)

    Which of the following errors will not affect the trial balance?

  • 4)

    A credit purchase of furniture from Athiyaman was debited to purchases account. Which of the following accounts should be debited while rectifying this error?

  • 5)

    Which of the following errors will be rectified using suspense account?

11th Standard English Medium Accountancy Subject Conceptual Framework of Accounting Creative 2 Mark Questions with Solution Part - I updated Creative Questions - by Question Bank Software View & Read

  • 1)

    What are the conventions of accounting?

  • 2)

    Define book-keeping according to R.N. Carter.

  • 3)

    What do you mean by business entity concept?

  • 4)

    What is dual aspect concept?

  • 5)

    What is convention of conservatism?

11th Standard English Medium Accountancy Subject Depreciation Accounting Book Back 1 Mark Questions with Solution Part - I updated Book back Questions - by Question Bank Software View & Read

  • 1)

    If the total charge of depreciation and maintenance cost are considered, the method that provides a uniform charge is ____.

  • 2)

    Depreciation provided on machinery is debited to ____________

  • 3)

    Depreciation is provided on ____________

  • 4)

    Depreciation is the process of ____________

  • 5)

    A depreciable asset may suffer obsolescence due to______.

11th Standard English Medium Accountancy Subject Conceptual Framework of Accounting Creative 2 Mark Questions with Solution Part - II updated Creative Questions - by Question Bank Software View & Read

  • 1)

    From which concept the basic accounting equation arises?

  • 2)

    What is cost concept

  • 3)

    What is business entity concept?

  • 4)

    What is objective evidence?

  • 5)

    What do you mean by materiality-principle?

11th Standard English Medium Accountancy Subject Depreciation Accounting Book Back 1 Mark Questions with Solution Part - II updated Book back Questions - by Question Bank Software View & Read

  • 1)

    Cash received from sale of fixed asset is credited to ____________

  • 2)

    Depreciation is caused by ____.

  • 3)

    For which of the following assets, the depletion method is adopted for writing off cost of the asset?

  • 4)

    Which method shall be efficient, if repairs and maintenance cost of an asset increases as it grows older.

  • 5)

    If the rate of depreciation is same, then the amount of depreciation under straight line method vis-à-vis written down value method will be ________.

11th Standard English Medium Accountancy Subject Books of Prime Entry Creative 2 Mark Questions with Solution Part - I updated Creative Questions - by Question Bank Software View & Read

  • 1)

    What is Cash Receipt?

  • 2)

    Give the Meaning of Debit note.

  • 3)

    What is meant by external liabilities?

  • 4)

    What is Owner's Equity? Give an equation for calculating owner's equity.

  • 5)

    How are Personal Accounts classified?

11th Standard English Medium Accountancy Subject Capital and Revenue Transactions Book Back 1 Mark Questions with Solution Part - I updated Book back Questions - by Question Bank Software View & Read

  • 1)

    Expenditure incurred Rs.20,000 for trial run of a newly installed machinery will be ______.

  • 2)

    Interest on bank deposits is ______.

  • 3)

    Amount received from IDBI as a medium term loan for augmenting working capital ______.

  • 4)

    Revenue expenditure is intended to benefit ______.

  • 5)

    Pre-operative expenses are ______.

11th Standard English Medium Accountancy Subject Books of Prime Entry Creative 2 Mark Questions with Solution Part - II updated Creative Questions - by Question Bank Software View & Read

  • 1)

    What is meant by Opening Journal Entry?

  • 2)

    How will you record Rs 5,000 paid for installation charges paid on new machine bought?

  • 3)

    What will be the amount of capital if cash is Rs. 5,000; Furniture Rs. 10,000; Stock Rs. 20,000 and Creditors Rs. 5,000?

  • 4)

    If the total assets of a business is Rs. 10,00,000 and outside liabilities are Rs. 2,00,000. Calculate its creditors.

  • 5)

    If the capital of a business is Rs. 5,00,000 and outside liabilities are Rs. 2,00,000. Calculate its total assets.

11th Standard English Medium Accountancy Subject Final Accounts of Sole Proprietors - I Book Back 1 Mark Questions with Solution Part - I updated Book back Questions - by Question Bank Software View & Read

  • 1)

    Balance sheet is ______.

  • 2)

    Carriage inwards will be shown _______.

  • 3)

    Balance sheet shows the ________ of the business.

  • 4)

    Salaries appearing in the trial balance is shown on the _______.

  • 5)

    Goodwill is classified as _______.

11th Standard English Medium Accountancy Subject Ledger Creative 2 Mark Questions with Solution Part - I updated Creative Questions - by Question Bank Software View & Read

  • 1)

    Does debit always mean increase and credit always mean decrease?

  • 2)

    What is the purpose of a Ledger?

  • 3)

    What is the purpose of Balancing the ledger accounts?

  • 4)

    Mention the following transactions on the proper side of the kumar account.

  • 5)

    Classify the following under personal, Real and Nominal Account.

11th Standard English Medium Accountancy Subject Final Accounts of Sole Proprietors - I Book Back 1 Mark Questions with Solution Part - II updated Book back Questions - by Question Bank Software View & Read

  • 1)

    Closing stock is an item of ______.

  • 2)

    Net profit of the business increases the ______.

  • 3)

    Bank overdraft should be shown _______.

  • 4)

    Drawings appearing in the trial balance is _______.

  • 5)

    Current assets does not include _______.

11th Standard English Medium Accountancy Subject Ledger Creative 2 Mark Questions with Solution Part - II updated Creative Questions - by Question Bank Software View & Read

  • 1)

    Write short notes on 'Nil Balance'.

  • 2)

    A trader has been selling goods both on cash and credit bases. Most of the goods are sold on credit. The owner has lost track of 'who has to pay how much?' Is there any quick way to get this information?

  • 3)

    What will happen if an account debited or credited is left out while posting from journal to ledger?

  • 4)

    What will happen to the ledger account postings? Do you think that it will continue for an indefinite period of time? Where will the accounting process stop?

  • 5)

    What is a Loose-Leaf Ledger?

11th Standard English Medium Accountancy Subject Trial Balance Creative 2 Mark Questions with Solution Part - I updated Creative Questions - by Question Bank Software View & Read

  • 1)

    Is Trial balance an account or a statement?

  • 2)

    Is it correct to say that trial balance facilitates the preparation of financial statements?

  • 3)

    What will be the effect on trial balance if purchases return of Rs. 10,000 has been wrongly posted to the debit of sales return account but correctly entered in the customer's account?

  • 4)

    Trial Balance is a link between the ledger and final accounts. Explain.

  • 5)

    Definition of trial balance.

11th Standard English Medium Accountancy Subject Trial Balance Creative 2 Mark Questions with Solution Part - II updated Creative Questions - by Question Bank Software View & Read

  • 1)

    Do you think that the ledger account postings are error free? If not, how do you make sure that the entries are correct?

  • 2)

    Analyse the Trial Balance. Can you identify accounts that have only debit balances/credit balances always?

  • 3)

    Do you think the trial balance tallies all the time? What should be done when it does not tally?

  • 4)

    Explain the principle on which the agreement of trial balance is based.

  • 5)

    Name the different kinds of errors ..

11th Standard English Medium Accountancy Subject Subsidiary Books - I Creative 2 Mark Questions with Solution Part - I updated Creative Questions - by Question Bank Software View & Read

  • 1)

    What is Subsidiary book?

  • 2)

    What is Bills?

  • 3)

    What is trade discount?

  • 4)

    What is drawing a bill?

  • 5)

    What is due date?

11th Standard English Medium Accountancy Subject Final Accounts of Sole Proprietors - II Book Back 1 Mark Questions with Solution Part - I updated Book back Questions - by Question Bank Software View & Read

  • 1)

    A prepayment of insurance premium will appear in ______.

  • 2)

    Net profit is ______.

  • 3)

    Closing stock is valued at ______.

  • 4)

    Accrued interest on investment will be shown______.

  • 5)

    If there is no existing provision for doubtful debts, provision created for doubtful debts is ______.

11th Standard English Medium Accountancy Subject Subsidiary Books - I Creative 2 Mark Questions with Solution Part - II updated Creative Questions - by Question Bank Software View & Read

  • 1)

    Do you think the supplier will accept the debit note sent by the customer, as it is? If not, why will he not accept?

  • 2)

    Write notes on retiring of a bill.

  • 3)

    Write notes on renewal of a bill of exchange.

  • 4)

    What is Journal proper? For what purpose it is used?

  • 5)

    What is meant by Noting?

11th Standard English Medium Accountancy Subject Subsidiary Books - II Creative 2 Mark Questions with Solution Part - I updated Creative Questions - by Question Bank Software View & Read

  • 1)

    Give any two Examples for a Contra Enty.

  • 2)

    Give the specimen of 'Three column Cash book'.

  • 3)

    Cash column of the cash book will always have a debit balance. Why?

  • 4)

    Bank column of the cash book can have credit balance. Why?

  • 5)

    Can there be a credit balance in a simple cash book? State with reasons.

11th Standard English Medium Accountancy Subject Subsidiary Books - II Creative 2 Mark Questions with Solution Part - II updated Creative Questions - by Question Bank Software View & Read

  • 1)

    What is sundries?

  • 2)

    Give a specimen of 'triple column cash book'.

  • 3)

    What is receipts?

  • 4)

    What is personal accounts?

  • 5)

    Give a specimen of analytical petty cash book.

11th Standard English Medium Accountancy Subject Computerised Accounting Book Back 1 Mark Questions with Solution Part - I updated Book back Questions - by Question Bank Software View & Read

  • 1)

    Customised accounting software is suitable for _______.

  • 2)

    An example of output device is _______.

  • 3)

    Which one of the following is not a method of codification of accounts?

  • 4)

    People who write codes and programes are called as _______.

  • 5)

    Accounting software is an example of _______.

11th Standard English Medium Accountancy Subject Computerised Accounting Book Back 1 Mark Questions with Solution Part - II updated Book back Questions - by Question Bank Software View & Read

  • 1)

    In accounting, computer is commonly used in the following areas:

  • 2)

    Which one is not a component of computer system?

  • 3)

    An example of output device is _______.

  • 4)

    One of the limitations of computerised accounting system is _______.

  • 5)

    TALLY is an example of _______.

11th Standard English Medium Accountancy Subject Introduction to Accounting Book Back 2 Mark Questions with Solution Part - I updated Book back Questions - by Question Bank Software View & Read

  • 1)

    Define accounting.

  • 2)

    List any two functions of accounting.

  • 3)

    What are the steps involved in the process of accounting?

  • 4)

    Who are the parties interested in accounting information?

  • 5)

    Name any two bases of recording accounting information.

11th Standard English Medium Accountancy Subject Books of Prime Entry Book Back 2 Mark Questions with Solution Part - I updated Book back Questions - by Question Bank Software View & Read

  • 1)

    What are source documents?

  • 2)

    What is accounting equation?

  • 3)

    What is meant by journalising?

  • 4)

    How are personal accounts classified?

  • 5)

    Give the golden rules of double entry accounting system.

11th Standard English Medium Accountancy Subject Ledger Book Back 2 Mark Questions with Solution Part - I updated Book back Questions - by Question Bank Software View & Read

  • 1)

    What is a ledger?

  • 2)

    What is meant by posting?

  • 3)

    What is debit balance?

  • 4)

    What is credit balance?

  • 5)

    What is balancing of an account?

11th Standard English Medium Accountancy Subject Trial Balance Book Back 2 Mark Questions with Solution Part - I updated Book back Questions - by Question Bank Software View & Read

  • 1)

    What is trial balance?

  • 2)

    Give the format of trial balance.

  • 3)

    What are the methods of preparation of trial balance?

  • 4)

    State whether the balance of the following accounts should be placed in the debit or the credit column of the trial balance
    (i) Carriage outwards
    (ii) Carriage inwards
    (iii) Sales
    (iv) Purchases
    (v) Bad debts
    (vi) Interest paid
    (vii) Interest received
    (viii) Discount received
    (ix) Capital
    (x) Drawings
    (xi) Sales returns
    (xii) Purchase returns

  • 5)

    State whether the balance of each of the following accounts should be placed in the debit or the credit column of the trial balance.
    1) Sundry debtors
    2) Creditors
    3) Cash in hand
    4) Bank overdraft
    5) Salary
    6) Discount allowed
    7) Plant and machinery
    8) Furniture

11th Standard English Medium Accountancy Subject Subsidiary Books - I Book Back 2 Mark Questions with Solution Part - I updated Book back Questions - by Question Bank Software View & Read

  • 1)

    What is purchases returns book?

  • 2)

    What is sales returns book?

  • 3)

    What is credit note?

  • 4)

    Define bill of exchange.

  • 5)

    What is an invoice?

11th Standard English Medium Accountancy Subject Subsidiary Books - I Book Back 2 Mark Questions with Solution Part - II updated Book back Questions - by Question Bank Software View & Read

  • 1)

    Mention four types of subsidiary books.

  • 2)

    What is purchases returns book?

  • 3)

    What is sales returns book?

  • 4)

    What is credit note?

  • 5)

    Define bill of exchange.

11th Standard English Medium Accountancy Subject Subsidiary Books - II Book Back 2 Mark Questions with Solution Part - I updated Book back Questions - by Question Bank Software View & Read

  • 1)

    What is cash book?

  • 2)

    What is simple cash book?

  • 3)

    What is double column cash book?

  • 4)

    What is three column cash book?

  • 5)

    What is trade discount?

11th Standard English Medium Accountancy Subject Subsidiary Books - II Book Back 2 Mark Questions with Solution Part - II updated Book back Questions - by Question Bank Software View & Read

  • 1)

    What are the different types of cash book?

  • 2)

    Give the format of 'Single column cash book'

  • 3)

    Give the format of 'Double column cash book'.

  • 4)

    What is cash discount?

  • 5)

    What is a petty cash book?

11th Standard English Medium Accountancy Subject Bank Reconciliation Statement Book Back 2 Mark Questions with Solution Part - I updated Book back Questions - by Question Bank Software View & Read

  • 1)

    What is meant by bank overdraft?

  • 2)

    What is bank reconciliation statement?

  • 3)

    State any two causes of disagreement between the balance as per bank column of cash book and bank statement.

  • 4)

    Give any two expenses which may be paid by the banker as per standing instruction.

  • 5)

    Substitute the following statements with one word/phrase
    (a) A copy of customer's account issued by the bank
    (b) Debit balance as per bank statement
    (c) Statement showing the causes of disagreement between the balance as per cash book and balance as per bank statement

11th Standard English Medium Accountancy Subject Rectification of Errors Book Back 2 Mark Questions with Solution Part - I updated Book back Questions - by Question Bank Software View & Read

  • 1)

    The following errors were detected before preparation of trial balance. Rectify them.
    (a) Purchases returns book is undercast by Rs. 500.
    (b) Purchases returns book is overcast by Rs. 600.
    (c) Sales returns book is undercast by Rs. 700.
    (d) Sales returns book is overcast by Rs. 800.

  • 2)

    The following errors were detected before preparation of trial balance. Rectify them.
    (a) The total of rent received account is carried forward Rs. 900 short.
    (b) The total of rent received account is carried forward Rs. 1,000 excess.
    (c) The total of salary account is carried forward Rs. 1,100 short.
    (d) The total of salary account is carried forward Rs. 1,200 excess

  • 3)

    What is meant by error of principle?

  • 4)

    What is meant by error of complete omission?

  • 5)

    State the account/s affected in each of the following errors:
    (a) Goods purchased on credit from Saranya for Rs.150 was posted to the debit side of her account.
    (b) The total of purchases book Rs.4,500 was posted twice.

11th Standard English Medium Accountancy Subject Rectification of Errors Book Back 2 Mark Questions with Solution Part - II updated Book back Questions - by Question Bank Software View & Read

  • 1)

    Rectify the following errors before the preparation of trial balance:
    (a) Returns outward book was undercast by Rs.2,000
    (b) Returns inward book total was taken as Rs.15,000 instead of Rs.14,000
    (c) The total of the purchases account was carried forward Rs.100 less

  • 2)

    Rectify the following errors before preparing trial balance:
    (a) The total of purchases book was carried forward Rs.90 less.
    (b) The total of purchases book was carried forward Rs.180 more.
    (c) The total of sales book was carried forward Rs.270 less.
    (d) The total of sales returns book was carried forward Rs.360 more.
    (e) The total of purchase returns book was carried forward Rs.450 less.

  • 3)

    Rectify the following errors after preparation of trial balance:
    (a) Salary paid to Ram Rs.1,000 was wrongly debited to his personal account.
    (b) A credit sale of goods to Balu for Rs.450 was debited to Balan.

  • 4)

    Give journal entries to rectify the following errors discovered after the preparation of trial balance:
    (a) Purchases book was overcast by Rs.10,000.
    (b) Repairs to furniture of Rs.500 was debited to furniture account.
    (c) A credit sale of goods to Akilnilavan for Rs.456 was credited to his account as Rs.654.

  • 5)

    The following errors were located after the preparation of trial balance. Pass journal entries to rectify them. Assume that there exists a suspense account.
    (a) The total of sales book was undercast by Rs.350.
    (b) The total of the discount column on the debit side of cash book Rs.420 was not posted.
    (c) The total of one page of the purchases book of Rs.5,353 was carried forward to the next page as Rs.5,533.
    (d) Salaries Rs.2,400 was posted as Rs.24,000.
    (e) Purchase of goods from Sembiyanmadevi on credit for Rs.180 was posted to her account as Rs.1,800

11th Standard English Medium Accountancy Subject Depreciation Accounting Book Back 2 Mark Questions with Solution Part - I updated Book back Questions - by Question Bank Software View & Read

  • 1)

    List out the various methods of depreciation.

  • 2)

    What is annuity method?

  • 3)

    A firm purchased a plant for Rs. 40,000. Erection charges amounted to Rs. 2,000. Effective life of the plant is 5 years. Calculate the amount of depreciation per year under straight line method

  • 4)

    Furniture was purchased for Rs. 60,000 on 1-7-2016. It is expected to last for 5 years. Estimated scrap at the end of five years is Rs. 4,000. Find out the rate of depreciation under straight line method.

  • 5)

    A boiler was purchased on 1st January 2015 from abroad for Rs. 10,000. Shipping and forwarding charges amounted to Rs. 2,000. Import duty Rs 7,000 and expenses of installation amounted to Rs. 1,000. Calculate depreciation for the first 3 years @ 10% p.a. on diminishing balance method assuming that the accounts are closed 31st December each year.

11th Standard English Medium Accountancy Subject Depreciation Accounting Book Back 2 Mark Questions with Solution Part - II updated Book back Questions - by Question Bank Software View & Read

  • 1)

    An asset is purchased for Rs. 50,000. The rate of depreciation is 15% p.a. Calculate the annual depreciation for the first two years under diminishing balance method.

  • 2)

    A furniture costing Rs 5,000 was purchased on 1.1.2016, the installation charges being Rs 1,000. The furniture is to be depreciated @10% p.a. on the diminishing balance method. Pass journal entries for the first two years.

  • 3)

    On 1.1.2017 a firm purchased a machine at a cost of Rs.1,00,000. Its life was estimated to be 10 years with a scrap value of Rs.10,000. Compute the amount of depreciation to be charged at the end of each year.

  • 4)

    From the following information, calculate the amount of depreciation and rate of depreciation under straight line method.
    Purchase price of machine Rs.2,00,000
    Expenses to be capitalised Rs.50,000
    Estimated residual value Rs.15,000
    Expected useful life 5 years

  • 5)

    Calculate the amount of depreciation and depreciation rate from the following by using ‘straight line method’. Also give journal entries for the first two years. The books are closed on 31st December every year.

    January 1, 2016 Payment to vendor for purchase of machinery Rs.2,00,000
    January 1, 2016 Transportation cost Rs.2,000
    January 1, 2016 Installation cost Rs.18,000
    Estimated scrap value at the end of the life Rs.10,000
    Estimated life 10 years

11th Standard English Medium Accountancy Subject Capital and Revenue Transactions Book Back 2 Mark Questions with Solution Part - I updated Book back Questions - by Question Bank Software View & Read

  • 1)

    State whether the following are capital, revenue or deferred revenue expenditure.
    i) Carriage of Rs.1,000 spent on machinery purchased and installed.
    ii) Office rent paid Rs.2,000.
    iii) Wages of Rs.5,000 paid to machine operators.
    iv) Hire charges for the use of motor vehicle, hired for five years, but paid yearly.

  • 2)

    Classify the following expenses as capital or revenue.
    i) The sum of Rs.3,200 has been spent on a machine as follows:
    a) Rs.2,000 for additions to double the output.
    b) Rs.1,200 for repairs necessitated by negligence.
    ii) Overhauling expenses of Rs.25,000 for the engine of a motor car to get better fuel efficiency.

  • 3)

    What is meant by revenue expenditure?

  • 4)

    What is capital profit?

  • 5)

    What is meant by deferred revenue expenditure?

11th Standard English Medium Accountancy Subject Capital and Revenue Transactions Book Back 2 Mark Questions with Solution Part - II updated Book back Questions - by Question Bank Software View & Read

  • 1)

    State with reasons whether the following are capital or revenue or deferred revenue expenditure:
    i) Advertisement expenses amounted to Rs.10 crores to introduce a new product.
    ii) Expenses on freight for purchasing new machinery.
    iii) Freight and insurance on the new machinery and cartage paid to bring the new machinery to the factory.

  • 2)

    State whether the following are capital or revenue items.
    i. Rs.5,000 spent towards additions to buildings.
    ii. Second-hand motor car purchased for Rs.30,000 and paid Rs.2,000 as repairs immediately.
    iii. Rs.10,000 was spent on painting the new factory.
    iv. Freight and cartage on the new machine Rs.150, erection charges Rs.200.
    v. Rs.150 spent on repairs before using a second hand car purchased recently.

  • 3)

    Classify the following expenditures and receipts as capital or revenue:
    i) Rs.10,000 spent as travelling expenses of the directors on trips abroad for the purchase of fixed assets.
    ii) Amount received from trade receivables during the year.
    iii) Amount spent on demolition of building to construct a large building on the same site.
    iv) Insurance claim received on account of a machinery damaged by fire.

  • 4)

    What is capital expenditure?

  • 5)

    Write a short note on revenue receipt.

11th Standard English Medium Accountancy Subject Final Accounts of Sole Proprietors - I Book Back 2 Mark Questions with Solution Part - I updated Book back Questions - by Question Bank Software View & Read

  • 1)

    What are fixed assets?

  • 2)

    Name any two direct expenses and indirect expenses.

  • 3)

    What are the objectives of preparing trading account?

  • 4)

    Prepare trading account in the books of Sivashankar from the following figures

     Particulars   Rs   Particulars   Rs 
      Opening stock         1,500   Purchases         3,500
      Sales 4,600   Closing stock     1,300
  • 5)

    From the following balances taken from the books of Victor, prepare trading account for the year ended December 31, 2017:

     Particulars   Rs   Particulars   Rs 
      Adjusted purchases      80,000   Closing stock       7,000
      Sales 90,000   Carriage inwards    3,000
      Royalty on purchases of goods    4,000   Import duty on purchases of goods    6,000
      Octroi on purchase of goods 2,000   Dock charges on purchases 5,000
      Cost of goods manufactured 5,000    

11th Standard English Medium Accountancy Subject Final Accounts of Sole Proprietors - I Book Back 2 Mark Questions with Solution Part - II updated Book back Questions - by Question Bank Software View & Read

  • 1)

    Compute cost of goods sold from the following information:

     Particulars     Rs 
      Opening stock           8,000
      Purchases 60,000
      Direct expenses 5,000
      Indirect expenses      6,000
      Closing stock 9,000
  • 2)

    What are wasting assets?

  • 3)

    What is meant by purchases returns?

  • 4)

    Mention any two differences between trial balance and balance sheet.

  • 5)

    What is the need for preparing profit and loss account?

11th Standard English Medium Accountancy Subject Final Accounts of Sole Proprietors - II Book Back 2 Mark Questions with Solution Part - I updated Book back Questions - by Question Bank Software View & Read

  • 1)

    What are adjusting entries?

  • 2)

    What is outstanding expense?

  • 3)

    What is prepaid expense?

  • 4)

    What are accrued incomes?

  • 5)

    What is provision for discount on debtors?

11th Standard English Medium Accountancy Subject Computerised Accounting Book Back 2 Mark Questions with Solution Part - I updated Book back Questions - by Question Bank Software View & Read

  • 1)

    What is CAS?

  • 2)

    What is meant by software?

  • 3)

    Name any two accounting packages.

  • 4)

    What is coding?

  • 5)

    What are mnemonic codes?

11th Standard English Medium Accountancy Subject Computerised Accounting Book Back 2 Mark Questions with Solution Part - II updated Book back Questions - by Question Bank Software View & Read

  • 1)

    What is a computer?

  • 2)

    What is hardware?

  • 3)

    What is accounting software?

  • 4)

    Give any two examples of readymade software.

  • 5)

    What is grouping of accounts?

11th Standard English Medium Accountancy Subject Introduction to Accounting Book Back 3 Mark Questions with Solution Part - I updated Book back Questions - by Question Bank Software View & Read

  • 1)

    Explain the meaning of accounting.

  • 2)

    Discuss briefly the branches of accounting.

  • 3)

    Discuss in detail the importance of accounting

  • 4)

    Why are the following parties interested in accounting information?
    (i) Investors
    (ii) Government

  • 5)

    Discuss the role of an accountant in the modern business world.

11th Standard English Medium Accountancy Subject Books of Prime Entry Book Back 3 Mark Questions with Solution Part - I updated Book back Questions - by Question Bank Software View & Read

  • 1)

    What are the three different types of personal accounts?

  • 2)

    State the principles of double entry system of book keeping.

  • 3)

    What is double entry system? State its advantages.

  • 4)

    Show the accounting equation on the basis of the following transactions:
    i) Ramya started business with Cash   Rs.25,000
    ii) Purchases goods from Harsha   Rs.20,000
    iii) Sold goods to Amala costing Rs.18,000    Rs.25,000
    iv) Ramya withdrew from business   Rs.5,000

  • 5)

    Classify the following into personal, real and nominal accounts.
    (a) Capital
    (b) Building
    (c) Carriage inwards
    (d) Cash
    (e) Commission received
    (f) Bank
    (g) Purchases
    (h) Chandru
    (i) Outstanding wages

11th Standard English Medium Accountancy Subject Books of Prime Entry Book Back 3 Mark Questions with Solution Part - II updated Book back Questions - by Question Bank Software View & Read

  • 1)

    What is an Account? Classify the accounts with suitable examples.

  • 2)

    What is the accounting treatment for insurance premium paid on the life of the proprietor?

  • 3)

    Briefly explain about steps in journalising.

  • 4)

    Complete the accounting equation.

    (a) Assets = Capital + Liabilities
    Rs.1,00,000 =  Rs.80,000 + ?
    (b) Assets = Capital + Liabilities
    Rs.2,00,000 = ? + Rs.40,000
    (c) Assets = Capital + Creditors
    ? = Rs.60,000 + Rs.80,000
  • 5)

    Show the accounting equation on the basis of the following:
    (a) Started business with cash Rs 60,000
    (b) Goods bought on credit from Ramesh Rs 20,000
    (c) Purchased furniture for cash Rs 15,000
    (d) Paid creditors by cash Rs 500

11th Standard English Medium Accountancy Subject Ledger Book Back 3 Mark Questions with Solution Part - I updated Book back Questions - by Question Bank Software View & Read

  • 1)

    Distinguish between journal and ledger.

  • 2)

    What is ledger? Explain its utilities.

  • 3)

    How is posting made from the journal to the ledger?

  • 4)

    Explain the procedure for balancing a ledger account.

  • 5)

    The following balances appeared in the books of Vinoth on Jan1, 2018
    Assets: Cash Rs.40,000; Stock Rs.50,000; Amount due from Ram Rs.20,000; Machinery Rs.40,000 Liabilities: Amount of due to Vijay Rs.10000 Pass the opening journal entry an deposit them to Vinoth's Capital account.

11th Standard English Medium Accountancy Subject Trial Balance Book Back 3 Mark Questions with Solution Part - I updated Book back Questions - by Question Bank Software View & Read

  • 1)

    What are the objectives of preparing trial balance?

  • 2)

    What are the limitations of trial balance?

  • 3)

    'A trial balance is only a prima facie evidence of the arithmetical accuracy of records'. Do you agree with this statement? Give reasons.

  • 4)

    The following trial balance has certain errors. Redraft it.

     S.No   Name of account   L.F   Debit balance 
    Rs.
     Credit balance 
    Rs.
    1  Building   60,000  
    2  Machinery   17,000  
    3  Returns outward   2,600  
    4  Bad debts   2,000  
    5  Cash   400  
    6  Discount received     3,000  
    7  Bank overdraft   10,000  
    8  Creditors   50,000  
    9  Purchases   1,00,000  
    10  Capital     72,800
    11  Fixtures     5,600
    12  Sales     1,04,000
    13  Debtors     60,000
    14  Interest received     2,600
       Total   2,45,000 2,45,000
  • 5)

    The following balances are extracted from the books of Murali, as on 31st March, 2017. Prepare trial balance.

    Particulars Rs Particulars Rs
    Sales 35,000 Audit fees 1,000
    Interest paid 350 Octroi duty 8,000
    Returns inward 2,500 Land 90,000
    Depreciation 2,400 Capital 60,000
    Office rent 2,000 Bank overdraft 11,250

11th Standard English Medium Accountancy Subject Subsidiary Books - II Book Back 3 Mark Questions with Solution Part - I updated Book back Questions - by Question Bank Software View & Read

  • 1)

    Explain the meaning of imprest system of petty cash book.

  • 2)

    Bring out the differences between cash discount and trade discount.

  • 3)

    Write the advantages of maintaining petty cash book?

  • 4)

    Write a brief note on accounting treatment of discount in cash book.

  • 5)

    Briefly explain about contra entry with examples.

11th Standard English Medium Accountancy Subject Bank Reconciliation Statement Book Back 3 Mark Questions with Solution Part - I updated Book back Questions - by Question Bank Software View & Read

  • 1)

    What is meant by the term "cheque not yet presented?"

  • 2)

    What will be the effect of interest charged by the bank, if the balance is an overdraft?

  • 3)

    From the following information, prepare bank reconciliation statement as on 31st December, 2017 to find out the balance as per bank statement.

      Particulars Rs
    (i) Overdraft as per cash book 10,000
    (ii) Cheques deposited but not yet credited 5,000
    (iii) Cheque issued but not yet presented for payment 1,000
    (iv) Payment received from the customer directly by the bank 500
    (v) Interest on overdraft debited by bank 1,000
    (vi) Amount wrongly debited by bank 300
  • 4)

    Prepare bank reconciliation statement as on 31st December 2017 from the following information:
    (a) Balance as per bank statement (pass book) is Rs.25,000.
    (b) No record has been made in the cash book for a dishonour of a cheque for Rs.250.
    (c) Cheques deposited into bank amounting to Rs.3,500 were not yet collected.
    (d) Bank charges of Rs.300 have not been entered in the cash book.
    (e) Cheques issued amounting to Rs.9,000 have not been presented for payment.

  • 5)

    In the following illustration, what will be the cash book balance, if the balance as per bank statement is favourable?

      Particulars Amount Rs
    (i) Overdraft balance as per bank statement 6500
    (ii) Cheque deposited into the bank but not yet credited 10,500
    (iii) Cheques issued, but not yet presented for payment 3,000
    (iv) Wrong debit by the bank 500
    (v) Interest and bank charges debited by bank 180
    (vi) Insurance premium on goods directly paid by the bank as per standing instructions 10

11th Standard English Medium Accountancy Subject Bank Reconciliation Statement Book Back 3 Mark Questions with Solution Part - II updated Book back Questions - by Question Bank Software View & Read

  • 1)

    Give any three reasons for preparing bank reconciliation statement.

  • 2)

    Explain why does money deposited into bank appear on the debit side of the cash book, but on the credit side of the bank statement?

  • 3)

    State the timing differences in BRS with examples.

  • 4)

    Rony is the proprietor of Veena photos. The bank column of cash account of his business was balanced on 31st March 2018. It showed an overdraft of Rs.12,000. The bank statement of Veena photos showed a credit balance of Rs.5,000. Prepare a bank reconciliation statement taking the following into account.
    (a) The bank had directly collected dividend Rs.3,000 but was not entered in the cash book.
    (b) Cheques amounting to Rs.9,000 were issued on 27th March 2018, of which, cheques amounting to Rs.7,000 were not presented for payment before 31st March 2018.
    (c) Cheque book charges of Rs.200 debited by the bank but not recorded in cash book.
    (d) Bank locker rent of Rs.1,000 debited by the bank but not recorded in cash book.

  • 5)

    From the following information, prepare bank reconciliation statement as on 31st December, 2017 to find out the balance as per bank statement.

      Particulars Rs
    (i) Balance as per bank statement 6,000
    (ii) Cheques deposited on 28th December, 2017 but not yet credited 2,000
    (iii) Cheques issued for 10,000 on 20th December, 2017 but not yet presented for payment 3,000
    (iv) Interest on debentures directly collected by the bank not recorded in  cash book 4,000
    (v) Insurance premium on building directly paid by the bank 1,000
    (vi) Amount wrongly credited by bank 500

11th Standard English Medium Accountancy Subject Bank Reconciliation Statement Creative 2 Mark Questions with Solution Part - I updated Creative Questions - by Question Bank Software View & Read

  • 1)

    Which values are involved in the preparation of bank reconciliation statements?

  • 2)

    When bank column of a cash book shows a debit balance, what does it means?

  • 3)

    On 1st December, 2017, the opening balance as per cash book and bank record was the same. On 2nd December, Magesh issued a cheque for Rs. 2,000 toa supplier, but the same was entered in the credit side of the cash book as Rs. 200.

  • 4)

    Dinesh received his salary in cash for Rs. 5,000. He credited this amount in the bank column of cash book

  • 5)

    When can a bank reconciliation be prepared?

11th Standard English Medium Accountancy Subject Rectification of Errors Book Back 3 Mark Questions with Solution Part - I updated Book back Questions - by Question Bank Software View & Read

  • 1)

    The following errors were located after the preparation of the trial balance. Assume that there exists a suspense account. Rectify them.
    (a) Sale of goods on credit to Arun for Rs. 152 posted to his account as Rs. 125.
    (b) Bought goods from Lakshmi on credit for Rs. 550, credited to her account as Rs. 505.
    (c) Purchase of furniture from Abirupa for Rs. 404 on credit was debited to furniture account as Rs. 440.
    (d) Purchased machinery for cash Rs. 200 was not posted to machinery account.
    (e) The total of purchases book Rs. 89 was carried forward as Rs. 98.

  • 2)

    Write a note on suspense account.

  • 3)

    What are the errors disclosed by a trial balance?

  • 4)

    Rectify the following errors assuming that the trial balance is already prepared and the difference was placed to suspense account:
    (a) Sales book was undercast by Rs.250
    (b) Purchases book was undercast by Rs.120
    (c) Sales book was overcast by Rs.130
    (d) Bills receivable book was undercast by Rs.75
    (e) Purchases book was overcast by Rs.35.

  • 5)

    The following errors were located by the accountant after the preparation of trial balance. There exists a suspense account. Rectify them.
    (a) The total of the discount column of Rs.1,180 on the debit side of the cash book was not posted.
    (b) Purchase of goods from Arivuchelvan on credit for Rs.600 was posted to the debit side of his account.
    (c) The total of the discount column on the credit side of the cash book was undercast by Rs.400.
    (d) The total of sales returns book of Rs.570 was posted twice.
    (e) Sold goods to Mukil on credit for Rs.87 was posted to her account as Rs.78.

11th Standard English Medium Accountancy Subject Bank Reconciliation Statement Creative 2 Mark Questions with Solution Part - II updated Creative Questions - by Question Bank Software View & Read

  • 1)

    What is Bank Statement? (or) What is bank pass book?

  • 2)

    What is E-Statement?

  • 3)

    What is Alternative Presentation?

  • 4)

    Who prepares a bank statement?

  • 5)

    On 3rd, DecemberDinesh was asked to deposit cash of Rs. 1,000 in cash deposit machine in order to make a payment to one of the business' supplier. He credited the same in the bank column of the cash book.

11th Standard English Medium Accountancy Subject Rectification of Errors Book Back 3 Mark Questions with Solution Part - II updated Book back Questions - by Question Bank Software View & Read

  • 1)

    The following errors were detected before preparation of the trial balance. Rectify them.
    (a) A sum of Rs. 5,000 written off as depreciation on buildings has not been posted to depreciation account.
    (b) Payment of wages Rs. 2,000 to Venkat was posted twice to wages account.
    (c) An amount of Rs. 250 for a credit sale of goods to Nila, although correctly entered in the sales book, has been posted as Rs. 200.

  • 2)

    The following errors were located before the preparation of the trial balance. Rectify them.
    (a) Paid Rs. 500 to Angappan were wrongly debited to Angannan’s account.
    (b) Sale of furniture for Rs. 750 was credited to sales account.
    (c) Purchase of goods from Bagya for Rs. 2,100 was wrongly passed through sales book.
    (d) Wages Rs. 1,000 paid on erection of machinery were debited to wages account.

  • 3)

    The following errors were located at the time of preparation of the trial balance. Pass rectifying entries.
    (a) Goods of the value of Rs. 100 returned by Bhuvana were included in stock, but no entry was made in the books.
    (b) Sale of goods to Mani on credit for Rs. 475 has been wrongly entered in the sales book as Rs. 745.
    (c) A cheque of Rs. 500 received from Sandhiya was dishonoured and debited to allowances account.
    (d) A sum of Rs. 300 drawn by the proprietor for personal use was debited to wages account.

  • 4)

    Write a note on error of principle by giving an example.

  • 5)

    What are the errors not disclosed by a trial balance?

11th Standard English Medium Accountancy Subject Rectification of Errors Creative 2 Mark Questions with Solution Part - I updated Creative Questions - by Question Bank Software View & Read

  • 1)

    What is error of omission?

  • 2)

    What is error of commission?

  • 3)

    Is it necessary that a suspense account will balance off after rectification of the errors detected by the accountant? If not, then what happens to the balance still remaining in suspense account?

  • 4)

    Will the trial balance agree in case of errors of partial omission? Why?

  • 5)

    What do you mean by errors?

11th Standard English Medium Accountancy Subject Depreciation Accounting Book Back 3 Mark Questions with Solution Part - I updated Book back Questions - by Question Bank Software View & Read

  • 1)

    State the advantages and limitations of straight line method of depreciation.

  • 2)

    Distinguish between straight line method and written down value method of providing depreciation.

  • 3)

    Calculate the rate of depreciation under straight line method.
    Purchase price of a machine Rs. 80,000
    Expenses to be capitalised Rs. 20,000
    Estimated residual value Rs. 4,000
    Expected useful life 4 years

  • 4)

    A firm purchased a plant on 1.1.2018 for Rs.9,000 and spent Rs.1,000 as erection charges. Calculate the amount of depreciation for the year 2018 @ 15% per annum under the written down value method. Accounts are closed on 31st March every year.

  • 5)

    On 1st April 2015, Kumar purchased a machine for Rs.80,000 and spent Rs.20,000 on its installation. The residual value at the end of its expected useful life of 8 years is estimated at Rs.4,000. On 30th September 2017, the machine is sold for Rs.50,000. Depreciation is to be provided according to straight line method. Prepare Machinery Account. Accounts are closed on 31st December every year.

11th Standard English Medium Accountancy Subject Depreciation Accounting Creative 2 Mark Questions with Solution Part - II updated Creative Questions - by Question Bank Software View & Read

  • 1)

    What is scrap value of an asset?

  • 2)

    What do you mean by a depreciable asset? 

  • 3)

    State any two merits of Straight line method.

  • 4)

    An asset was purchased for Rs. 1,00,000. The rate of depreciation is 10% per annum. Calculate the annual depreciation for the first two years under the diminishing balance method .

  • 5)

    A machine was purchased for Rs. 1,00,000 on 1st January, 2012. It was decided to depreciate it at 10% per annuin under straight line method. Prepare machinery account for 3 years. Accounts are closed on 31st December, each year.

11th Standard English Medium Accountancy Subject Depreciation Accounting Book Back 3 Mark Questions with Solution Part - II updated Book back Questions - by Question Bank Software View & Read

  • 1)

    What are the causes for depreciation?

  • 2)

    State the advantages and limitations of written down value method of depreciation.

  • 3)

    Calculate the rate of depreciation under straight line method from the following information
    Purchased a second hand machinery on 1.1.2018 for Rs. 38,000
    On 1.1.2018 spent Rs. 12,000 on its repairs
    Expected useful life of machine is 4 years
    Estimated residual value Rs. 6,000

  • 4)

    Machinery was purchased on 1st January 2015 for Rs. 4,00,000. Rs. 15,000 was spent on its erection and Rs. 10,000 on its freight charges. Depreciation is charged at 10% per annum on straight line method. The books are closed on 31st March each year. Calculate the amount of depreciation on machinery for the first two years.

  • 5)

    Joy and Co. purchased machinery on 1st April 2016 for Rs.75,000. On 31st March 2018, it sold the machinery for Rs.62,000. Depreciation is to be provided every year at 10% per annum on the fixed instalment method. Accounts are closed on 31st March every year. Find out the profit or loss on sale of machinery.

11th Standard English Medium Accountancy Subject Depreciation Accounting Creative 2 Mark Questions with Solution Part - I updated Creative Questions - by Question Bank Software View & Read

  • 1)

    What is original cost method of providing depreciation?

  • 2)

    On1stJanuary 2013,acompany purchased a machine for Rs. 25,000. The estimated life of the machine 10 years after which is breakup value will be Rs. 5,000. Find out the amount of annual depreciation under Fixed Instalment Method.

  • 3)

    Abdul purchased a Machinery on 1st April for 2,00,000. After' having used it for three years it was sold for 1,60,000. Depreciation is to be provided at the rate of 10% on diminishing Balance method. Accounts are closed on' 31st March of every year. Find out the Profit or ·Loss on sale of Machinery.

  • 4)

    A machine was purchased for Rs. 30,000 on 1st January, 2014. It is expected to last for 5 years. Estimated scrap at the end of five/years is Rs. 5,000. Find out the rate of depreciation under original cost method.

  • 5)

    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.

11th Standard English Medium Accountancy Subject Final Accounts of Sole Proprietors - I Book Back 3 Mark Questions with Solution Part - I updated Book back Questions - by Question Bank Software View & Read

  • 1)

    What is meant by grouping and marshalling of assets and liabilities?

  • 2)

    From the following details for the year ended 31st March, 2018, prepare trading account.

     Particulars   Rs   Particulars   Rs 
      Opening stock     2,500   Returns inwards       7,000
      Purchases  27,000   Coal and gas 3,300
      Sales    40,000   Carriage inwards 2,600
      Wages 2,500   Closing stock 5,200
      Returns outwards    5,200    
  • 3)

    Compute cost of goods sold from the following information:

     Particulars   Rs   Particulars   Rs 
      Opening stock       10,000   Indirect expenses       5,000
      Purchases 80,000   Closing stock 15,000
      Direct expenses    7,000    
  • 4)

    Prepare profit and loss account in the books of Kirubavathi for the year ended 31st December, 2016 from the following information:

     Particulars   Rs   Particulars   Rs 
      Gross Profit       12,500   Interest received      100
      Discount allowed    60   Carriage outwards    100
      Rent 500    
  • 5)

    From the following particulars, prepare balance sheet in the books of Bragathish as on 31st December 2017:

     Particulars   Rs   Particulars   Rs 
      Capital      80,000   Cash in hand       20,000
      Debtors 12,800   Net profit 4,800
      Drawings 8,800   Plant 43,200

11th Standard English Medium Accountancy Subject Capital and Revenue Transactions Creative 2 Mark Questions with Solution Part - I updated Creative Questions - by Question Bank Software View & Read

  • 1)

    Explain the features of revenue expenditure.

  • 2)

    Any two examples of deferred revenue expenditure.

  • 3)

    Write a note on capital receipt. Give any two examples.

  • 4)

    What is Revenue profit?

  • 5)

    Write a short note on:
    a) Capital Loss
    b) Revenue Loss

11th Standard English Medium Accountancy Subject Final Accounts of Sole Proprietors - I Book Back 3 Mark Questions with Solution Part - II updated Book back Questions - by Question Bank Software View & Read

  • 1)

    Prepare trading account for the year ended 31st December 2017, from the following balances:

     Particulars  Rs    Particulars  RS  
      Opening stock        4,00,000   Purchases returns         1,20,000
      Purchases 20,00,000   Carriage on purchases     2,00,000
      Net sales 48,00,000   Carriage on sales  1,00,000
      Freight and octroi     65,000   Advertisement 1,20,000
      Selling expenses 1,10,000   Office rent 75,000
      Coal, gas and water     22,000   Import duty on goods purchased    7,28,000

    Closing stock is valued at Rs. 6, 00,000.

  • 2)

    Find out the amount of sales from the following information.

     Particulars    Rs 
      Opening stock         20,000
      Purchases less returns     70,000
      Direct expenses 10,000
      Closing stock 30,000
      Gross profit margin (on sales)    20%
  • 3)

    From the following information, prepare profit and loss account for the year ended 31st December, 2017.

     Particulars   Rs   Particulars   Rs 
      Gross profit b/d       60,000   Interest received        2,100
      Freight outward     15,000   Financial charges     4,000
      Packing charges (on sales)    12,000   Repairs on vehicles used in office    8,000
      Salesmen commission paid     1,300   Depreciation on vehicles used in office     3,000
      Promotional expenses 10,200   Interest paid 9,000
      Office telephone expenses 22,400   Rent received 7,000
      Bad debts recovered 4,000   Carriage inwards 4,000
  • 4)

    What are final accounts? What are its constituents?

  • 5)

    What is meant by gross profit and net profit?

11th Standard English Medium Accountancy Subject Final Accounts of Sole Proprietors - I Creative 2 Mark Questions with Solution Part - I updated Creative Questions - by Question Bank Software View & Read

  • 1)

    Definition of trading account.

  • 2)

    What do you mean by direct expenses?

  • 3)

    Prepare a trading account of Mr. Velu from the following figures:

    Particulars Rs. Particulars Rs.
    Opening Stock 500 Sales 3,600
    Purchases 2,500 Closing stock 300
  • 4)

    Prepare a trading account of Mrs. Divya for the year ended 31st December 2017.

    Particulars Rs. Particulars Rs.
    Opening Stock 5,700 Sales 2,62,000
    Purchases 1,58,000 Sales returns 600
    Purchases returns 900 Closing stock 8,600
  • 5)

    If 'adjusted purchases' and 'closing stock' are given in the trial balance, will you transfer 'closing stock' to trading account? Give reason.

11th Standard English Medium Accountancy Subject Final Accounts of Sole Proprietors - II Book Back 3 Mark Questions with Solution Part - I updated Book back Questions - by Question Bank Software View & Read

  • 1)

    Pass adjusting entries for the following on 31st March, 2018.
    (i) Charge interest on drawings at Rs. 50
    (ii) Write off bad debts by Rs. 500
    (iii) Depreciate furniture by Rs. 1,000

  • 2)

    Sundry debtors as per trial balance Rs. 26,000
    Bad debts as per trial balance Rs. 1,000
    Adjustment: Additional bad debts amounted to Rs. 2,500
    Give adjusting entry and show how these appear in the final accounts on 31st March, 2016

  • 3)

    What is meant by provision for doubtful debts? Why is it created?

  • 4)

    Give the adjusting entries for interest on capital and interest on drawings.

  • 5)

    The following are the extracts from the trial balance.

     Particulars   Debit Rs.   Credit Rs. 
      Sundry Creditors      30,000
      Discount received       1,000

    You are required to show how these items will appear in the profit and loss account and balance sheet.

11th Standard English Medium Accountancy Subject Capital and Revenue Transactions Creative 2 Mark Questions with Solution Part - II updated Creative Questions - by Question Bank Software View & Read

  • 1)

    What are the features of deferred revenue expenditure?

  • 2)

    What is Capital profits?

  • 3)

    State the nature of the following transactions:
    i) Carriage paid on goods purchased.
    ii) Legal expenses incurred for abuse of trade mark.
    iii) Money raised by issue of equity shares.

  • 4)

    State the nature of the following transactions.
    i) Expenditure incurred on issue of equity shares.
    ii) Cost of formation of anew company.
    iii) Cost of Rs.10,000 incurred in increasing the sitting accommodation and Rs.5,000 in repainting of cinema house.

  • 5)

    What is capital receipt?

11th Standard English Medium Accountancy Subject Final Accounts of Sole Proprietors - II Book Back 3 Mark Questions with Solution Part - II updated Book back Questions - by Question Bank Software View & Read

  • 1)

    Show necessary entries to adjust the following on 31st December, 2017.
    (i) Outstanding salaries Rs. 1,200
    (ii) Outstanding rent Rs. 300
    (iii) Prepaid insurance premium Rs. 450
    (iv) Interest on investments accrued Rs. 400
    (v) Bad debts written off Rs. 200

  • 2)

    Sundry debtors as per trial balance as on 31st March, 2016 is Rs. 10,000.
    Adjustment: Write off bad debts amounting to Rs. 300.
    Give adjusting entry and show how these appear in the final accounts as on 31st March, 2016.

  • 3)

    What is the need for preparing final accounts?

  • 4)

    Explain how closing stock is treated in final accounts.

  • 5)

    Explain the accounting treatment of bad debts, provision for doubtful debts and provision for discount on debtors.

11th Standard English Medium Accountancy Subject Final Accounts of Sole Proprietors - I Creative 2 Mark Questions with Solution Part - II updated Creative Questions - by Question Bank Software View & Read

  • 1)

    What is Wages?

  • 2)

    What do you mean by closing stock?

  • 3)

    Definition of profit and loss account.

  • 4)

    Is it true that Profit and loss account shows the financial position of the enterprise?

  • 5)

    Is it true that profit and loss account is a point statement whereas a balance sheet is a period statement?

11th Standard English Medium Accountancy Subject Computerised Accounting Book Back 3 Mark Questions with Solution Part - I updated Book back Questions - by Question Bank Software View & Read

  • 1)

    Find out from the following data, minimum collection of Rs.500 on any one day achieved by the sales counters.

    Counter Day 1 sales Day 2 sales
    Ground floor 600 600
    First floor 850 300
    Second floor 350 400
  • 2)

    Consider the following information:
    Loan amount Rs.3,00,000
    Number of payment periods 48 months
    Annual rate of interest 10%
    Calculate periodic payment using PMT function.

  • 3)

    What are the various types of accounting software?

  • 4)

    State the various types of coding methods.

  • 5)

    State the input and output devices of a computer system.

11th Standard English Medium Accountancy Subject Final Accounts of Sole Proprietors - II Creative 2 Mark Questions with Solution Part - I updated Creative Questions - by Question Bank Software View & Read

  • 1)

    What is Income received hi advance?

  • 2)

    What is Interest on loan?

  • 3)

    What is depreciation?

  • 4)

    What is Bad debts?

  • 5)

    Pass Adjusting entries for the following adjustments.
    a) Provide 6% Interest on Capital of Rs. 16,00,000
    b) Rent received in advance Rs. 5,000
    c) Interest accrued on investments Rs. 2,000

11th Standard English Medium Accountancy Subject Computerised Accounting Book Back 3 Mark Questions with Solution Part - II updated Book back Questions - by Question Bank Software View & Read

  • 1)

    The following are the scores obtained by some students in a competitive examination. Find out the average, the highest and the lowest score using appropriate function in spreadsheet.

      A B C D E F G H
    NAME Anbu Balu Gobu Ramu Somu Raju Anu
    2 SCORES 60 80 164 192 104 64 204
  • 2)

    There are three salesmen. Two days of sales achievement is given. You are required to find out the salesmen who have achieved a minimum sale of Rs.400 on each day.

    Salesman Day 1 Day 2
    Anand 500 250
    Balu 600 500
    Cibi 250 300
  • 3)

    Following is the list of students and percentage of marks obtained by them. If a student has secured a minimum of 50%, he is declared pass, else fail.

    Student Percentage of marks
    1 59
    2 60
    3 65
    4 45
    5 35
  • 4)

    Mr. Vivek took a loan of Rs.2,00,000 from State Bank of India, Chennai and number of instalments is 84 months. Calculate the rate assuming payments Rs.3,300 per month using the appropriate function.

  • 5)

    Mention any three limitations of computerised accounting system.

11th Standard English Medium Accountancy Subject Final Accounts of Sole Proprietors - II Creative 2 Mark Questions with Solution Part - II updated Creative Questions - by Question Bank Software View & Read

  • 1)

    Give adjusting entry for depreciation at 10% p.a. on machinery of Rs.25,000.

  • 2)

    How will the following adjustment appear in the balance sheet as on 31-12-2010?
    Sundry Debtors Rs.21,000
    Bad debts to be written off Rs.1,000
    Provide 5% provision for bad and doubtful debts and 2% provision for discount on debtors.

  • 3)

    Goods worth Rs.3,00,000 were burnt by fire and claim of Rs.1,80,000 has been accepted by the insurance company. How It will be recorded in final accounts

  • 4)

    Accrued income is credited to the profit and loss account and shown in the balance sheet a current asset. Why

  • 5)

    If unearned income is credited to the profit and loss account would it be correct?

11th Standard English Medium Accountancy Subject Computerised Accounting Creative 2 Mark Questions with Solution Part - I updated Creative Questions - by Question Bank Software View & Read

  • 1)

    What is output?

  • 2)

    Name the framework of storage and processing of data, in a computerised accounting system.

  • 3)

    State the relationship between information and decision.

  • 4)

    Language syntax is checked by which software?

  • 5)

    There are people, who write programs to implement the data processing system design. Name them.

11th Standard English Medium Accountancy Subject Computerised Accounting Creative 2 Mark Questions with Solution Part - II updated Creative Questions - by Question Bank Software View & Read

  • 1)

    Give two examples each of the organisation whereready-to-use, 'customised' and 'tailored' accounting packages respectively are suitable to perform the accounting activity.

  • 2)

    Expands of MIS and CPU.

  • 3)

    Mention any two features of CAS.

  • 4)

    What is utility software?

  • 5)

    What is system operators?

11th Standard English Medium Accountancy Subject Introduction to Accounting Creative 3 Mark Questions with Solution Part - I updated Creative Questions - by Question Bank Software View & Read

  • 1)

    What are the informational needs of internal users?

  • 2)

    Explain the objectives of Accounting?

  • 3)

    What is the process of accounting?

  • 4)

    Non-monetary transactions are not recorded in the books of accounts. Give reason and explain

  • 5)

    Is accounting an art or a Science?

11th Standard English Medium Accountancy Subject Introduction to Accounting Creative 3 Mark Questions with Solution Part - II updated Creative Questions - by Question Bank Software View & Read

  • 1)

    Write a note on (a) purchases, (b) sales.

  • 2)

    What is the difference between cash transaction and credit transactions?

  • 3)

    What is the difference between voucher and invoice?

  • 4)

    Explain the external users of accounting.

  • 5)

    Describe the various steps involved in accounting process?

11th Standard English Medium Accountancy Subject Conceptual Framework of Accounting Creative 3 Mark Questions with Solution Part - I updated Creative Questions - by Question Bank Software View & Read

  • 1)

    What are the limitations of Book keeping

  • 2)

    What do you mean by IFRS?

  • 3)

    What are the basic concepts of accounting?

  • 4)

    Explain the Process of Accounting cycle.

  • 5)

    What are the objectives of book-keeping?

11th Standard English Medium Accountancy Subject Conceptual Framework of Accounting Creative 3 Mark Questions with Solution Part - II updated Creative Questions - by Question Bank Software View & Read

  • 1)

    What is the need for accounting standards?

  • 2)

    Do you think that the principle of conservatism results in creating of secret reserve?

  • 3)

    Which value is reflected in the Accounting standards issued by ICAI?

  • 4)

    How does matching principle apply to depreciation?

  • 5)

    "Despite many advantages, double entry system also has some disadvantages". In the light of this statement discuss the advantages of double entry system.

11th Standard English Medium Accountancy Subject Books of Prime Entry Creative 3 Mark Questions with Solution Part - I updated Creative Questions - by Question Bank Software View & Read

  • 1)

    Write the transactions from the Journal Entries
    Interest A/c  Dr
    To Bank Loan A/c

  • 2)

    Write the transactions from the Journal Entries
    Cash A/c Dr.
    Discount Alc Dr.
    To Aravind A/c

  • 3)

    Write the transactions from the Journal Entries.
    Loss by fire A/c
    To Purchases A/c

  • 4)

    Write the transactions from the Journal Entries.
    Cash A/c Dr
    To Bad debts recovered A/c

  • 5)

    Write the transactions from the Journal Entries.
    Drawings A/c   Dr
    To Purchases

11th Standard English Medium Accountancy Subject Books of Prime Entry Creative 3 Mark Questions with Solution Part - II updated Creative Questions - by Question Bank Software View & Read

  • 1)

    Explain the features of double entry system.

  • 2)

    Explain the meaning of source documents

  • 3)

    Explain the meaning of Accounting Equation.

  • 4)

    Explain the. rules for journalising.

  • 5)

    Bring out the advantages and the limitations of journal.

11th Standard English Medium Accountancy Subject Ledger Creative 3 Mark Questions with Solution Part - I updated Creative Questions - by Question Bank Software View & Read

  • 1)

    'Ledger is a principal Book of a Business' - Explain.

  • 2)

    Post the following transactions direct into ledger of Akbar.

    2018 March   Rs
    1 Bought goods for Cash 25,000
    2 Sold goods for Cash 50,000
    3 Bought goods for Credit from Gopi 19,000
    5 Sold goods on Credit to Robert 8,000
    7 Received from Robert 6,000
    9 Paid to Gopi 5,000
    20 Bought furniture for Cash 7,000
  • 3)

    Explain the significance of debit and credit balances of various types of accounts.

  • 4)

    What are the steps in posting?

  • 5)

    Explain the posting of a compound journal entry with an example.

11th Standard English Medium Accountancy Subject Trial Balance Creative 3 Mark Questions with Solution Part - I updated Creative Questions - by Question Bank Software View & Read

  • 1)

    From the following balances extracted from the books of Mrs. Kokila, prepare trial balance as on 31.03.2017.

       Rs     Rs 
     Purchases    40,000   Advertisement     4,000
     Rent paid 2,000   Generalexpenses  700
     Discount received   1,000   Commission paid  1,500
     Carriage inward 2,700   Capital  50,000
     Closing stock 38,600   Sales 38,500
  • 2)

    Explain the various methods of preparing trial balance.

  • 3)

    Explain the need for preparing trial balance.

  • 4)

    Explain the features of trial balance.

  • 5)

    What is Suspense Account? When is it opened?

11th Standard English Medium Accountancy Subject Trial Balance Creative 3 Mark Questions with Solution Part - II updated Creative Questions - by Question Bank Software View & Read

  • 1)

    Whatis the need for preparing trial balance?

  • 2)

    What are the features of trial balance?

  • 3)

    Prepare the Trial balance from the following balances of Radha Krishnan as on 31.03.2016.

       Rs     Rs 
     Cash 75,000  Purchases return   5,000
     Furniture   30,000  Drawings   49,000
     Salary 25,000  Sales  3,05,000
     Loan 35,000  Sales return 1,000
     Purchases    2,60,000  Capital 95,000
  • 4)

    Prepare the trial balance from the following-balances of Ms Chitra as on 31.03.2015.

       Rs    Rs
     Capital      2,50,000  Bank    2,75,000
     Bills payable   50,000  Debtors  1,00,000
     Opening Stock   75,000  Discount received   5,000
     Loan 1,50,000  Sales 50,000
     Salaries 10,000  Purchases 45,000
  • 5)

    From the following balances extracted from the books of Mr Kannan at trader on automobiles, prepare trial balance as on 31st March 2017.

       Rs    Rs
     Cash ih hand   5,500   Direct expenses   5,000
     Discount received   300   Carriage outwards 3,500
     Creditors  15,000   Capital  45,000
     Buildings 50,000   Purchases 49,700
     Opening stock 6,000   Sales 59,000

11th Standard English Medium Accountancy Subject Subsidiary Books - I Creative 3 Mark Questions with Solution Part - I updated Creative Questions - by Question Bank Software View & Read

  • 1)

    What are the difference between Cash Discount and Trade Discount?

  • 2)

    What are the features of a bill of exchange?

  • 3)

    Write a note on
    (i) Bills Receivable Book
    (ii) Bills Payable Book.

  • 4)

    Write Short notes on 
    (i) Renewal of a bill
    (ii) Retiring of a BiII.

  • 5)

    Explain any three advantages of subsidiary books.

11th Standard English Medium Accountancy Subject Subsidiary Books - I Creative 3 Mark Questions with Solution Part - II updated Creative Questions - by Question Bank Software View & Read

  • 1)

    What are the various types of subsidiary books?

  • 2)

    Write notes on closing entries.

  • 3)

    Write notes on rectifying entries.

  • 4)

    Explain the purposes of various subsidiary books.

  • 5)

    Explain the purpose of journal proper with examples.

11th Standard English Medium Accountancy Subject Subsidiary Books - II Creative 3 Mark Questions with Solution Part - I updated Creative Questions - by Question Bank Software View & Read

  • 1)

    Enter the following transactions in Cash book with Cash and Discount column of Mr. Nandakumar.

    2016 Feb 1 Cash in hand Rs.60,000
    3 Bought goods from premnath Rs.10,000
    4 Opened a current account with bank Rs.15,000
    7 Withdrew from bank Rs.5,000
    8 Sold goods to Kandan for Rs.10,000 credit on terms 2% cash discount if payable within two weeks  
    10 Paid cash to Premnath, less 1% C.D.  
    14 Received a cheque from Arul Rs.3,400, allowed him discount Rs.100  
    15 Kandan settled his account  
  • 2)

    When his business becomes large, what other books will he be maintaining?

  • 3)

    What is cash book? What are its features?

  • 4)

    Write notes on posting the petty cash book.

  • 5)

    What purpose does an analytical petty cash book serve?

11th Standard English Medium Accountancy Subject Subsidiary Books - II Creative 3 Mark Questions with Solution Part - II updated Creative Questions - by Question Bank Software View & Read

  • 1)

    What are the importance of cash book?

  • 2)

    Explain the types of petty cash books?

  • 3)

    From the following particulars, prepare Single column Cash book of Ms. Kokila                 

        Particulars Rs.
    2017 Mar 1 Cash in hand 20,000
      4 Cash Purchases 4,000
      7 Cash Sales 8,000
      8 Paid to Balan 5,000
      9 Received cash from Cheran 10,000
      13 Paid into Bank 10,000
      14 Cash withdrawn from bank 4,000
      18 Paid Salaries 1,000
      20 Bought Furniture 3,000
      28 Rent paid 1,000
  • 4)

    Enter the following transactions in a Single column Cash book of Mr. Kumaran.

        Particulars Rs.
    2018 Jan 1 Started business with cash 1,000
      3 Purchased goods for cash 500
      4 Sold goods 1,700
      5 Cash received from Siva 200
      12 Paid Balan 150
      14 Bought Furniture 200
      15 Purchased goods from Kala on credit 2,000
      20 Paid electric charges 225
      24 Paid salaries 250
      28 Received commission 75
  • 5)

    Prepare a double column cash book from the following transactions of Mr. Gopalan.

      Particulars Rs.
    2017 July 1 Cash in hand 4,000
    6 Cash purchases 2,000
    10 Wages paid 40
    11 Cash Sales 6,000
    12 Cash received from Suresh
    and allowed him discount
    1,980
    19 Cash paid to Meena
    and discount received
    20
    27 Cash paid to Radha 2,470
    28 Purchased goods for cash 2,070

11th Standard English Medium Accountancy Subject Bank Reconciliation Statement Creative 3 Mark Questions with Solution Part - I updated Creative Questions - by Question Bank Software View & Read

  • 1)

    What is the need for bank reconciliation Statement?

  • 2)

    Explain the differences arising due to errors in recording the entries

  • 3)

    List the five items having the effect of higher balance in the Cash book.

  • 4)

    List the five items having the effects of lower balance in the Pass book

  • 5)

    What are the causes of difference between bank column of the cash book and bank statement?

11th Standard English Medium Accountancy Subject Bank Reconciliation Statement Creative 3 Mark Questions with Solution Part - II updated Creative Questions - by Question Bank Software View & Read

  • 1)

    What are the causes of difference between bank column of the cash book and bank statement?

  • 2)

    From the following information, prepare bank reconciliation statement to find out balance as per bank statement on 31st March 2017.

      Particulars Rs
    (i) Cheques deposited but not yet collected by the bank 500
    (ii) Cheque issued but not yet presented for payment 1,000
    (iii) Bank interest charged 100
    (iv) Rent paid by bank as per standing instruction 200
    (v) Cash book balance 300
  • 3)

    Imagine that you are the owner of a small shop. You maintain the three column cash book for your business. Now, think on the following points and discuss with the whole class:
    • How often would you check your cash balance in hand? Everyday/once in a week?
    • Why do you check your cash balance?
    • How will you make sure that the bank column in cash book is correct and is the same as shown by the bank statement?

  • 4)

    Observe the above format. Why the withdrawals are shown as debit and deposits are shown as credit in a bank statement?

  • 5)

    Remember, an item entered on the debit side of cash book is entered on the credit side of bank statement and vice-versa: Now, keep this in mind, think on the following:
    Is it possible to prepare bank reconciliation statement with bank statement as starting point and ascertain the cash book balance? Prepare a specimen of bank reconciliation statement with balance as per bank statement as the starting point.

11th Standard English Medium Accountancy Subject Rectification of Errors Creative 3 Mark Questions with Solution Part - I updated Creative Questions - by Question Bank Software View & Read

  • 1)

    Rectify the following errors.
    (i) The Sales book of December was added short by Rs. 500.
    (ii) A periodical total of the Purchases book was short by Rs. 5,000.
    (iii) The total of Purchases return Book has been undercast by Rs. 1,500.
    (iv) The Sales return book is added Rs. 200 short.

  • 2)

    The Accountant in a firm committed the following errors.
    (a) Rent paid to landlord Rs. 12,600 was debited to the Landlord's personal account.
    (b) Sold Computer for Rs. 6,000 was entered in sales account.
    (c) Cash drawn by the proprietor for his personal use Rs. 7,400 was debited to Trade expenses account.
    (d) Repairs to machinery Rs. 500 was passed through the Machinery account. Rectify the above errors.

  • 3)

    What are the types of errors at the stage of journalising?

  • 4)

    What are the types of errors at the stage of posting?

  • 5)

    What are the types of errors at the stage of preparing trial balance?

11th Standard English Medium Accountancy Subject Rectification of Errors Creative 3 Mark Questions with Solution Part - II updated Creative Questions - by Question Bank Software View & Read

  • 1)

    Following errors are discovered in the Books of Sita Ram. Make the necessary entries to rectify them.
    (i) Purchases journal was Rs. 2,150.
    (ii) Rs. 500 received from K. Krishna was debited to his account.
    (iii) An amount of Rs. 3,000 withdrawn by the Proprietor of the firm for his personal use was posted to the Traveling expense account.
    (iv) An amount of Rs. 175 for a credit sale to R. Gopalan correctly entered in the sale book, has been debited to his account as Rs. 157.

  • 2)

    Pass the journal entries rectifying the following errors:
    (i) Purchases of office furniture of Rs. 10,000 was recorded in Purchases book.
    (ii) Office rent of Rs. 15,000 was debited to the personal account of the landlord.
    (iii) Old machine was sold for Rs. 5,000 was credited to Sales account.

  • 3)

    Following are some accounting errors. Rectify the same through Suspense Alc.
    (i) Goods Purchased from Manohar of Rs. 2,500 has been posted to the debit of his account.
    (ii) Cash of Rs. 4,500 paid to Munish was credited to Manish.
    (iii) Discount Rs. 100 allowed to Anthony was not debited to discount account.

  • 4)

    The Accountant in a firm committed the following errors.
    (a) Rent paid to landlord Rs. 12,600 was debited to the Landlord's personal account.
    (b) Sold Computer for Rs. 6,000 was entered in sales account.
    (c) Cash drawn by the proprietor for his personal use Rs. 7,400 was debited to Trade expenses account.
    (d) Repairs to machinery Rs. 500 was passed through the Machinery account. Rectify the above errors.

  • 5)

    What are the types of errors at the stage of posting?

11th Standard English Medium Accountancy Subject Depreciation Accounting Creative 3 Mark Questions with Solution Part - I updated Creative Questions - by Question Bank Software View & Read

  • 1)

    Write a short note on - Insurance Policy Method

  • 2)

    Write a short note on - Revaluation Method :

  • 3)

    Write a short note on Machine hour rate method.

  • 4)

    What are the Factors determining the amount of depreciation?

  • 5)

    M/s. Shankar & Co. purchased a machinery on 01-01-2012 for Rs. 10,00,000. The firm writes off depreciation at 10% on the original cost every year. The books are closed on 31st March every year. Pass the necessary journal entries.

11th Standard English Medium Accountancy Subject Depreciation Accounting Creative 3 Mark Questions with Solution Part - II updated Creative Questions - by Question Bank Software View & Read

  • 1)

    Akbar & Co. purchased a Plant for Rs. 80,000 on 01-04-2001. It is Depreciated at 10% p.a. on reducing Balance method for three years. Accounts are closed on 31st March every year. Pass the Journal Entries.

  • 2)

    A Motor car was purchased on 1st January, 2013 for Rs. 25,000, depreciated at 10% on diminishing balance method. It was, sold for Rs.16,500 on 3st December, 2015, Prepare motor car account. The accounts are closed on 31st December every year.

  • 3)

    A furniture costing Rs. 5,000 has been purchased on 1.1.2011, the installation charges being Rs. 1,000. The furniture is to be depreciated @10% p.a on the diminishing balance method. Show the furniture account and depreciation account for the first three years.

  • 4)

    Sunil & company purchased a fixed asset on 1.4.2002 for Rs. 5,00,000. Depreciation is to be provided @ 15% per annum according to straight line method. The books are closed on 31st March every year. Prepare fixed asset account and depreciation account for three years.

  • 5)

    Write a note on sum of years of digits method.

11th Standard English Medium Accountancy Subject Final Accounts of Sole Proprietors - I Creative 3 Mark Questions with Solution Part - I updated Creative Questions - by Question Bank Software View & Read

  • 1)

    What are the need for preparation of trading account?

  • 2)

    What are the need for preparing a Balance sheet?

  • 3)

    What are the characteristics of balance sheet?

  • 4)

    What are the classification of assets? (any five)

  • 5)

    Explain the types. of liabilities.

11th Standard English Medium Accountancy Subject Final Accounts of Sole Proprietors - I Creative 3 Mark Questions with Solution Part - II updated Creative Questions - by Question Bank Software View & Read

  • 1)

    What are the difference between trial balance and balance sheet.

  • 2)

    Prepare profit and loss account of Mrs. Nalini for the year ended 31st December 2010 from the following:

    Particulars Rs. Particulars Rs.
    Gross profit 1,25,000 Discount paid 600
    Salaries 15,000 Discount received 1,000
    Rent 5,000 Interest paid 500
    Carriage outwards 1,000 Interest received 700
    Selling expenses 500 Commission earned 2,000
    Income from investment 1,500    
  • 3)

    From the following particulars, prepare a balance sheet of Mr. Moorthy as on 31st December 2013.

    Particulars Rs. Particulars Rs.
    Capital 40,000 Drawings 4,400
    Debtors 6,400 Creditors 4,200
    Cash in hand 360 Cash at bank 7,200
    Furniture 1,000 Plant 10,000
    To Net profit 1,660 General reserve 1,000
    Closing stock 14,800    
  • 4)

    The following Balances are taken from the books of M/s. Riya Ltd. Prepar Profit and Loss Account for the year ended 31st march 2005.

    Particulars Rs. Particulars Rs.
    Gross profit 5,25,000 Salaries & Wages 1,00,000
    Rent 10,000 Depreciation 5,000
    Interest on Loan 5,000 Office expenses 1,500
    Distribution Charges 2,500 Salesman salary 8,000
    Bad debts 2,200 Stationery and printing 500
    Commission received 3,000 Discount received 2,000
    Interest received 5,000 Advertising 9,000
    Taxes and Insurance 2,000    
  • 5)

    From the following information prepare balance sheet of Mrs. Nasreenkhan as at 31st December 2017.

    Particulars Rs. Particulars Rs.
    Goodwill 10,000 Sundry debtors  25,000
    Capital 90,000 Drawings 15,000
    Cash in hand 10,000 Land and buildings 30,000
    Investment 500 Bank 10,000
    Net profit 46,900 Creditors 31,500
    Bills receivable 6,500 Plant and Machinery 20,000
    Bills payable 5,350 Closing stock 40,000
    Furniture 6,750    

11th Standard English Medium Accountancy Subject Final Accounts of Sole Proprietors - II Creative 3 Mark Questions with Solution Part - I updated Creative Questions - by Question Bank Software View & Read

  • 1)

    Explain the concept of Matching Principle.

  • 2)

    What is Credit balance?

  • 3)

    The Trial balance shows the followings:
    Capital as on 31-03-2013     Rs.6,00,000 .
    Drawings as on 31-03-2013  Rs.50,000
    Charge interest on drawings @ 5% pass adjusting entry. Show how this item appear in the final accounts.

  • 4)

    From the following particulars prepare a Balance sheet of Mr. X for the year ended 31st March, 2015.

    Capital Rs.2,00,000 Sundry debtors Rs.80,000
    Drawings Rs.40,000 Land and building Rs.50,000
    Cash in hand Rs.15,000 Plant and machinery Rs.80,000
    Loan from bank Rs.40,000 Investment Rs.20,000
    Sundry creditors Rs.40,000 Bills receivable Rs.10,000
    Bills payable Rs.20,0.00 Cash at bank Rs.25,000
    Goodwill Rs.60,000    

    The following adjustments are made at the time of preparing Final accounts.
    (i) Outstanding Liabilities for Salaries Rs.10,000; Wages Rs. 20,000; Interest on Bank overdraft Rs. 3,000; and Interest on bank loan Rs. 6,000.
    (ii) Provide Interest on capital @ 10% p.a
    (iii) Depreciation on plant and machinery by 10% p.a.
    (iv) Bad debts amounted to Rs. 10,000 and make a provision for Bad debts @ 10% on sundry debtors.
    (v) Closing stock amounted to Rs. 1,20,000.
    Net Profit for the year amounted to Rs. 96,000 after considering all the above adjustments.

  • 5)

    Pass necessary Adjusting entries for the following adjustments:
    a) Interest on loan outstanding Rs.5,000
    b) Depreciation @ 5% on furniture Rs.50,000
    c) Write off bad and doubtful debts Rs.3,000
    d) Provide provision for bad and doubtful debts @ 5% on sundry debtors Rs.4,00,000
    f) Provide provision for discount on creditors @ 2% on sundry creditors Rs.3,50,000

11th Standard English Medium Accountancy Subject Computerised Accounting Creative 3 Mark Questions with Solution Part - I updated Creative Questions - by Question Bank Software View & Read

  • 1)

    What are the types of people interacting with a computer system?

  • 2)

    What is opearating system? Give two examples.

  • 3)

    Mention any three advantages of CAS.

  • 4)

    What are the three types, of procedures in a computer system?

  • 5)

    Can you explain data?

11th Standard English Medium Accountancy Subject Computerised Accounting Creative 3 Mark Questions with Solution Part - II updated Creative Questions - by Question Bank Software View & Read

  • 1)

    Explain the types of People Interact.

  • 2)

    Explain the three types of Procedures.

  • 3)

    Explain the codification of accounts.

  • 4)

    What are the types of people interacting with a computer system?

  • 5)

    What is opearating system? Give two examples.

11th Standard English Medium Accountancy Subject Introduction to Accounting Creative 5 Mark Questions with Solution Part - I updated Creative Questions - by Question Bank Software View & Read

  • 1)

    Narrate the evolution of accounting

  • 2)

    Explain the Accounting cycle

  • 3)

    Briefly explain the functions of accounting

  • 4)

    What are the bases of accounting? and briefly explain it.

  • 5)

    Describe the informational needs of external users

11th Standard English Medium Accountancy Subject Conceptual Framework of Accounting Creative 5 Mark Questions with Solution Part - I updated Creative Questions - by Question Bank Software View & Read

  • 1)

    Explain the meaning of Book-keeping and its features

  • 2)

    Explain the advantages of Book-keeping.

  • 3)

    What do you mean by accounting concepts? Explain any five concepts.

  • 4)

    What are the differences between Book keeping and Accounting?

  • 5)

    Explain briefly accounting conventions

11th Standard English Medium Accountancy Subject Books of Prime Entry Creative 5 Mark Questions with Solution Part - I updated Creative Questions - by Question Bank Software View & Read

  • 1)

    Mohit has the following transactions, prepare accounting equation

        Rs
    i) Business started with Cash 1,75,000
    ii) Purchased goods from Rohit 50,000
    iii) Sold goods on credit to Manish (Costing Rs.17,500) 20,000
    iv) Purchased furniture for office use 10,000
    v) Cash paid to Rohit in full settlement 48,000
    vi) Cash received from Manish 20,000
    vii) Rent paid 1,000
    viii) Cash withdrew for personal use 3,000
  • 2)

    Show the effects of the following business transactions on the accounting equation.

        Rs
    i) Anitha started business with cash Rs.20,000; goods Rs.12,000 and machine 8,000
    ii) Bought goods for cash 6,000
    iii) Sold goods costing Rs.2,000 for 2,500
    iv) Purchased goods from Ramani on credit 7,000
    v) Payment made to Ramani in full settlement 6,900
    vi) Sold goods to Rajan on credit costing Rs.5,400 for 20,000
    vii) Received from Rajan 5,800 in full settlement of his account 6,000
    viii) Salaries paid 4,000
    ix) Wages Outstanding 400
    x) Prepaid Insurance 100
  • 3)

    Pass Journal Entries in the books of Ragu from the following transactions:

    2016 June  
    1 Ragu started business with cash Rs.80,000; goods Rs.40,000 and furniture Rs.20,000.
    2 Sold goods to Nandu of the list price of Rs.20,000 at trade discount of 10%.
    3 Nandu returned goods on the list price of Rs.4,000
    8 Received from Nandu Rs.14,150 in full settlement in his account
    10 Purchased goods from Mohan of the list price of Rs.10,000 at 15% Trade discount.
    13 Returned goods to Mohan of the list price Rs.1,000
    16 Settled his account of Mohan by paying cash, under discount of 4%.
    18 Purchased goods from Ajay Rs.5,000; Sanjay Rs.10,000.
    19 Paid Cash to Ajay Rs.1,900 and discount received Rs.100.
    20 Paid 9,800 to Sanjay in full settlement of his account
    20 Bought a 'Table Fan' for Rs1,200 for the domestic use of Raghu.
    25 Sold goods for cash of the list price of Rs.8,000 at 10%, Trade Discount and 3% cash Discount
    30 Paid Rent Rs.800; Trade expenses Rs.700 and Travelling expenses Rs. 380.
  • 4)

    Prepare accounting equation and balance, sheet on the basis of the following.

        Rs.
    (i) Pallavan started business with cash 60,000
    (ii) He purchased furniture 10,000
    (iii) He paid rent 2,000
    (iv) He purchased goodson credit from Mr.Mahendran 30,000
    (v) He sold goods (cost price f 20,000) for cash  25,000
  • 5)

    Journalise the follow ing transactions in the books of Tmt. Jaya. 2016

    2016 Jan   Rs
    1 Tmt. Jaya commenced business with cash 50,000
    2. Purchased goods for cash 10,000
    5 Purchased goods from Mohan on credit 6,000
    7 Paid into Bank 5,000
    10 Purchased furniture 2,000
    20 Sold goods to Suresh on credit 5,000
    25 Cash Sales 3,500
    26 Paid to Mohan ·on account 3,000
    31 Paid salaries 2,800

11th Standard English Medium Accountancy Subject Books of Prime Entry Creative 5 Mark Questions with Solution Part - II updated Creative Questions - by Question Bank Software View & Read

  • 1)

    Journalise the following transactions of Mrs. Radha

    2017 Jan   Rs
    1 Mrs. Radha commenced Business with cash 30,000
    2 Paid into bank 21,000
    3 Purchased goods by cheque 15,000
    7 Drew cash from bank for office use 3,000
    15 Purchased goods from Siva 15,000
    20 Cash sales 30,000
    25 Paid to Siva  14,750
      Discount Received 250
    31 Paid rent 500
      Paid Salaries 2,000
  • 2)

    Journalise the following transactions of Mr. ManL

    2017 June    Rs
    3 Received cash from Ramkumar 60,000
    4 Purchased goods for cash 15,000
    11 Sold goods to Damodaran 22,000
    13 Paid to Ramkumar 40,000
    17 Received from Damodaran 20,000
    20 Bought furniture from Jagadeesan 5,000
    27 Paid rent 1,200
    30 Paid Salary 2,500
  • 3)

    Journalise the following in the Journal of Thiru. Gowri Shankar 2016

    2016 Oct   Rs
    1 Received cash from Siva 75,000
    7 Paid cash to Sayeed 45,000
    10 Bought goods for cash 27,000
    12 Bought goods on credit from David 48,000
    15 Sold goods for cash 70,000
  • 4)

    Record the following transactions in the journal of Tmt. Bhanumathi.

    2016 Feb   Rs
    3 Bought goods for cash 84,500
    7 Sold goods to Dhanalakshmi on credit 55,000
    9 Received commission 3,000
    10 Cash Sales 1,09,000
    12 Bought goods from Mahalakshmi 60,000
    15 Received five chairs from Revathi & Co. at Rs. 400 each  
    20 Paid Revathi & CO., cash for five chairs  
    28 Paid Salaries 10,000
      Paid Rent 5,000
  • 5)

    Journalise the following transactions in the books of Thiru. Kalyanasundaram.

    2017 Mar   Rs
    1 Sold goods on credit to Mohanasundaram 75,000
    12 Purchased goods on credit from Bashyam 70,000
    15 Sold goods for cash from David 50,000
    20 Received from Mohanasundaram 70,000
    25 Paid to Bashyam 50,000

11th Standard English Medium Accountancy Subject Ledger Creative 5 Mark Questions with Solution Part - I updated Creative Questions - by Question Bank Software View & Read

  • 1)

    Journalise the following transactions of Mr. Ravi and post them in the ledger and balance the same.

    2016 June .
    1 Ravi invested Rs. 5,00,000 cash in the business.
    3 Paid into Bank Rs. 80,000
    5 Purchased building for Rs. 3,00,00
    10 Sold goods for Rs. 80,000
    15 Withdrew cash from bank Rs. 10,000
    30 Paid Salary Rs. 15,000
  • 2)

    Journalise the following transactions in Tmt. Rani's Journal and post them to ledger.

    2003 Sep   Rs
    1 Tmt. Rani started business with 3,00,000
    5 Opened a current account with Indian Overseas Bank 50,000
    12 Bought goods from Tmt. Sumathi 90,000
    18 Paid to Tmt. Sumathi 90,000
    20 Sold goods to Tmt. Chitra 1,26,000
    28 Tmt. Chitra settled her accounts  
  • 3)

    Journalise the following transactions in Thiru. Kumaran books and post them to ledger.

    2013Aug.   Rs
    5 Sold goods to Arumugam on Credit 17,500
    9 Bought good for cash from Chellapan 22,500
    12 Met Travelling expenses 2,500
    15 Received 80,000 from Sivakumar as loan  
    21 Paid wages to workers 3,000
  • 4)

    Post the following transactions directly in the ledger.

    2014 May   Rs
    1 Started business with cash 50,000
    5 Bought goods from Chandrasekar on Credit for 15,000
    8 Sold Goods to Nehru on Credit for 25,000
    10 Goods returned to Chandrasekar 500
    15 Goods returned from Nehru 2,500
    20 Settled Chandrasekar's Account  
    25 Nehru settled his Account  
  • 5)

    Post the following transations direct into ledger of Mr. Ratnakumar.

    2017 July   Rs
    1 Started business with 60,000
    5 Cash paid into Bank 20,000
    7 Withdrew cash Rs 5,000 for office use  
    8 Withdrew by cheque for personal use 500
    10 Paid Salaries by cheque 3,000
    15 Furniture purchased by cheque 5,000

11th Standard English Medium Accountancy Subject Ledger Creative 5 Mark Questions with Solution Part - II updated Creative Questions - by Question Bank Software View & Read

  • 1)

    Enter the following transactions in the journal and ostthem- in the ledger of Mr. Govindarajan and balance them.

    2003 Aug 1 Govindarajan commenced his business with the following assets and liabilities
      Plant and Machinery Rs.2,50,000
      Stock Rs.90,000, Furniture Rs.7,000
      Cash Rs.50,000, Sundry' Creditors Rs.1,50,000
    2 Sold goods to Sundar Rs.1,50,000
    3 Bought goods from Natarajan Rs.65,000
    4 Sundar paid cash Rs.1,25,000
    6 Returned damaged goods to Natarajan Rs.2,000
    10 Paid to Natarajan Rs.28,000
    31 Paid rent Rs.5,000
      Paid Salaries Rs.9,000
  • 2)

    Journalise the following transactions of Mr. Ravi and post them in the ledger and balance the same.

    2014, June 1 Ravi invested Rs. 5,00,000 cash in the business
    5 Purchased building for Rs. 3,00,000
    7 Purchased goods for Rs. 70,000
    10 Sold goods for Rs. 80,000
    25 Paid electric charges Rs. 3,000
  • 3)

    Record the following transactions in the Journal of Mr. Radhakrishnan and post them in the ledger and balance the same.

    2014, Jan. 1 Radhakrishnan commenced business with cash, Rs 15,00,000
      3 Paid into Bank Rs 5,00,000
      5 Bought goods for Rs 3,60,000
      10 Sold goods for Rs 2,50,000
      15 old goods to Balan Rs 2,40,000
  • 4)

    Journalise the following transactions in the Journal of Mr. Shanmugam, post them in the ledger and balance them

    2013, Aug. 1 Started business with Rs. 4,50,000
      3 Goods purchased Rs. 70,000
      5 Goods sold Rs. 51,000
      10 Goods purchased from Rangasamy Rs. 2,00,000
      16 Goods returned to Rangasamy Rs. 5,000
      27 Settled Rangasamy's account  
  • 5)

    Journalise the following transactions in Rani's Journal and post them to ledger and balance them.

    2013, Sept. 1 Rani started business with Rs. 3,00,000
      5 Opened a current account with Indian Overseas Bank Rs. 50,000
      12 Bought goods from Sumathi Rs. 90,000
      18 Paid to Sumathi Rs. 90,000
      20 Sold goods to Chitra Rs. 1,26,000
      28 Chitra settled her account  

11th Standard English Medium Accountancy Subject Trial Balance Creative 5 Mark Questions with Solution Part - I updated Creative Questions - by Question Bank Software View & Read

  • 1)

    Explain the methods of preparing trial balance.

  • 2)

    Following is the trial balance of Sudhir Chaudhary as on 31.03.2017.

       Rs     Rs
     Capital     10,00,000   Debtors    9,64,000
     Plant and Machinery   13,40,000   Creditors   5,30,000
     Furniture 2,40,000   Rent 1,92,000
     Cash in hand 60,000   General expenses   14,000
     Bank overdraft 78,000   Discount allowed 2,000
     Purchases 22,70,000   Sales return  6,000
     Sales 34,80,000    
  • 3)

    From the following balances extracted from the books of Mr Gowri Sankar, a merchant of Chennai, prepare trial balance as on 31.12.2017.

       Rs     Rs
     Buildings     15,000   Conveyance charges     5,600
     Bills payable   5,000   Salary 3,500
     Debtors 15,000   Capital  30,000
     Cash at bank   16,800   Furniture 20,000
     Insurance 1,600   Motor Vehicles 5,000
     Rent received 5,000   Patents 2,000
     Donation given   2,500   Goodwill 3,000
     Loan borrowed 50,000    
  • 4)

    Prepare trial balance as on 31.12.2017 from the following balances of Mr Balakrishnan.

       Rs     Rs
     Capital     2,00,000   Repairs     2,400
     Drawings   18,000   Office lighting   2,600
     Furniture 64,500   Printing and Stationery   2,700
     Stock at the beginning   62,050   Bank loan 17,500
     Bills receivable 7,500   Computer   30,000
     Bills payable 8,750   Debtors 46,500
     Purchases 88,100   Cash in hand 17,000
     Sales 1,35,450   Cash at bank 27,250
     Discount allowed 7,100   General expenses 7,100
     Discount received 3,500   Creditors 17,600
  • 5)

    Balan who has a car driving school gives you the following ledger balances. Prepare trial balance as on 31st December, 2016.

      Rs   Rs
    Capital 1,50,000 Sales 75,000
    Debtors 22,800 Return inwards 1,000
    Rent received 500 Discount allowed 800
    Bank overdraft 3,100 Discount received 1,000
    Creditors 5,500 Wages 2,900
    Premises 1,46,000 Salaries 3,500
    Opening Stock 10,000 Commission paid 1,100
    Purchases 45,000 General expenses 2,000

11th Standard English Medium Accountancy Subject Trial Balance Creative 5 Mark Questions with Solution Part - II updated Creative Questions - by Question Bank Software View & Read

  • 1)

    Mary runs a textile store. She has prepared the following trial balance from her ledger balances. Her trial balance does not tally. She needs your help to check whether what she has done is correct.

    S.No. Name of the account L.F. Debit Balance
    Rs
    Credit Balance
    Rs
    1. Capital   50,000  
    2. Discount received     3,000
    3. Rent paid     15,000
    4. Salaries Paid   1,000  
    5. Purchases of textiles     20,000
    6. Sale of textiles     30,000
    7. Salesmen commission paid     9,000
    8. Transport charges paid   6,000  
    9. Cash balance   32,000  
          89,000 77,000
  • 2)

    From the following balances, prepare trial balance of Baskar as on 31st March 2017. Transfer the difference, if any, to suspense account.

     Name of the account   Rs   Name of the account   Rs 
      Opening stock    40,000   Debtors    25,000
      Capital 90,000   Carriage inwards 16,500
      Sales   1,77,200   Bills received 20,000
      Salaries 12,000   Commission recieved 5,500
      Bills payable 9,450   Cash at bank 17,000
      Telephone charges 2,350   Furniture 19,000
      Creditors 16,000   Plant & Machinery 55,800
      Purchases 85,000   Repairs 550
  • 3)

    Imagine that you start a small shop with an investment of Rs 10,000. Record imaginary business transactions for 10 days [include cash and credit transactions]. Prepare journal, ledger and trial balance with them.

  • 4)

    Prepare Trial Balance as on 31.12.2010 from the following balances of Mr. Balan

    Name of the account Rs Name of the account Rs
    Capital 3,40,000 Purchases 94,000
    Creditors 13,000 Sales returns 3,400
    Drawings 4,000 Purchases returns 2,400
    Salaries 38,200 Carriage inwards 1,400
    Bills receivable 5,800 Printing and Stationery 5,000
    Bills payable 7,000 Stock 29,900
    Debtors 16,000 Machinery 50,000
    Sales 1,44,000 Wages 5,000
    Insurance 2,200 Rent 1,600
    Land 2,50,000 Interest received 1,700
    Commission received 800 Electricity charges 2,400
  • 5)

    The following balances are extracted from the books of Mr. Senthil, Prepare Trial Balance as on 30.6.2014.

    Name of the account Rs Name of the account Rs
    Capital 4,70,200 Machine 1,58,800
    Cash in 'hand 6,000 Sundry debtors 48,000
    Building 3,20,000 Repairs 5,400
    Stock 33,000 Insuranc e prerruum 3,300
    Sundry creditors 26,000  sales 2,90,000
    Commission paid 750  Telepho ne charges 6,450
    Rent & Taxes 6,300  Furnitur e 11,000
    Purchases 1,75,000  Discount earned 1,100
    Salaries 70,600  Loan fromMohammed 51,100
    Discount allowed 650  Reserve Fund 5,900
    Drawings 5,000  Bills rec eivable 8,600
    Bad debts 1,350  Bills pay able 6,000

11th Standard English Medium Accountancy Subject Subsidiary Books - I Creative 5 Mark Questions with Solution Part - I updated Creative Questions - by Question Bank Software View & Read

  • 1)

    From the following information, prepare necessary subsidiary books of M/s. ABC Computers:

     2016 March 3   Bought 12 printers from Rajeev & Co. at market price Rs. 10,000 each less 15% Trade Discount
    March 7   Bought office furniture from Hemant & Co. for Rs. 12,500
    March 9   Sold 280 CD's to J.V.M. Graphics for Rs. 4,000
    March 12   Sold 5 computers to Vig & Sons @ Rs. 25,000 each. 
      Less 10% Trade Discount.
    March 17   Returned 2 printers to Rajeev & Co. Market price Rs. 6,500 each.
      Less: 15% Trade Discount.
    March 21   Sold old Furniture for Rs. 1,200
    March 27   1 Computer returned by Vig & Sons for Rs. 18,000
    March 30   Sold 1printer to Gupta & Co. @ Rs. 8,500 for Cash.
  • 2)

    Enter the following transactions in the appropriate special Journal of M/s. Sita & Co.

     2012 Oct 2   Bought goods from Satish Rs. 2,400 as per Invoice No.63 
    Oct 4   Sold to Sivagami goods Rs. 1,600 as per Invoice No. 71
    Oct 7   Returned to Satish goods of Rs. 250 as per Debit note. 4
    Oct 8   Sivagami returned goods Rs. 150 as per Credit note. 8
    Oct 12   Sold to Vijaya goods of Rs. 950 as per Invoice No. 72
    Oct 14   Purchased from velan goods worth Rs. 1,100
    Oct 18   Returned to Sampath goods worth Rs. 150 as per Debit note No.5  
    Oct 22   Vijaya returned goods of Rs. 240 Credit No.9
  • 3)

    Record the following transactions in the proper subsidiary books of Mis. Sunil & Co., and cost them to the Ledger.

     2013 Apr 1   Goods sold to Ramesh Rs. 1,000  
    Apr 5   Sold goods to Kumar Rs. 2,200
    Apr 8   Sold goods to Shankar Rs. 300
    Apr 10   Goods returned by Kumar Rs. 600
    Apr 15   Credit Note sent to Shankar for Rs. 200 being the Invoice overcharged.  
  • 4)

    Enter the following transactions in proper special journal of M/s. Saveetha & Co. 2017.

     2017 March 1   Purchased 80 bags of wheat from Shruti @ Rs 2,200 per bag, less trader discount 10% as per Invoice No. 70
    March 7   Bought 40 bags of rice form Beula @ Rs 3,200 per bag, less trader discount 5% per invoice No. 72
    March 12   Sold to Sheela 35 bags of wheat @ Rs 2,600 per bag as per Invoice No. 75
    March 15   Returned to Shruthi 5 bags of wheat as per Debit Note No.7
    March 17   Sold to Apoorva 20 bags of wheat @ Rs 2,700 per bag. Less trade discount 10% as per Invoice no. 86
    March 20   Sheela returned 5 bags of wheat as per Credit Note no. 10
    March 24   Bought 20 bags of rice from Neela @ Rs 3,400 per bag as per Invoice no. 74
    March 25   Apoorva returned 4 bags of wheat
    March 27   Sold to Pooja 30 bags of rice @ Rs 3,700 per bag less trade discount 10.% as per Invoice No. 90.
    March 29   Returned to Neela 4 bags of rice as per debit Note No.8
  • 5)

    Visit a stationery shop nearby. Observe its business activities for a week. After having discussed with the shop keeper, prepare a list of purchased and sold items by the shop. Record them in the appropriate books.

11th Standard English Medium Accountancy Subject Subsidiary Books - I Creative 5 Mark Questions with Solution Part - II updated Creative Questions - by Question Bank Software View & Read

  • 1)

    Record the following transactions in the proper subsidiary books of Mis. Sunil & Co., and cost them to the Ledger.

     2013 Apr 1   Goods sold to Ramesh Rs. 1,000  
    Apr 5   Sold goods to Kumar Rs. 2,200
    Apr 8   Sold goods to Shankar Rs. 300
    Apr 10   Goods returned by Kumar Rs. 600
    Apr 15   Credit Note sent to Shankar for Rs. 200 being the Invoice overcharged.  
  • 2)

    Enter the following transactions in the Purchase Book of M/s. Subhashree:
    2013 March 1 Purchased 100 kg. of coffee seeds from Suresh @ Rs. 40 per kg.
    5 Purchased 80 kg. of tea dust from Hari @ Rs. 20 per kg.
    12 Bought from Rekha Sugars, Trichy 1,200 kg. of sugar @ Rs. 8 per kg.
    18 Bought from Perumal Sweets, Chennai, 40 tins of sweets @ Rs. 200 per tin.
    20 Purchased from Govinda Biscuit Company, Chennai 20 tins of biscuits @ Rs. 400 per tin.

  • 3)

    From the following particulars prepare the sales book of Modern Furniture Mart.

    2013, June 5  Sold on credit to Arvind & Co.,
      20 tables @ Rs. 600 per table
      20 chairs @ Rs. 300 per chair
    7 Cash sales to Anand & Co.,
      10 tables @ Rs. 300 per table
      20 chairs @ Rs. 150 per chair
    10 Sold to Baskar & Co., on credit
      10 almirahs @ Rs. 3,000 per almirah
      10 tables @ Rs. 200 per table
    15 Sold old typewriter for Rs.1,000 to Madan on credit
    20 Sold to Gopinatli on credit
      10 tables @ Rs. 1,000 per table
      2 revolving chairs @ Rs. 1,200 per chair
  • 4)

    Enter the following transactions in proper subsidiary books.

        Rs.
    2013,
    March1
    Purchased goods from Balaraman 2,000
    2 Sold goods to Senthil 1,000
    3 Goods purchased from Durai 1,000
    5 Sold goods to Saravanan 700
    8 Sold goods to Senthil 500
    10 Purchased goods from Elangovan 600
    14 Purchased goods from Parthiban 300
    20 Sold goods to Sukumar 600
  • 5)

    Enter the following transactions in the proper subsidiary books of Mr. Somu.
    2013, Nov. 1 Bought from Gopal 300 bags of Wheat Rs.1,000 per bag less trade discount 10%
    3 Purchased from Madhavan 150 bags of Rice Rs. 900 per bag less trade discount 10%
    5 Returned to Gopal 10 bags of Wheat which were purchased on 1.11.13
    7 Sold to Shiva 50 bags of Rice Rs.1,200 per bag less Trade Discount 5%
    12 Sold to Sharma 25 bags of Wheat Rs.1,300 per bag less Trade Discount 10%
    14 Returned 15 bags of Rice to Madhavan.
    15 Shiva returned 5 bags of rice.
    17 Bought from Rajan 200 bags of Wheat Rs.950 per bag
    24 50 bags of Wheat returned to Rajan.

11th Standard English Medium Accountancy Subject Subsidiary Books - II Creative 5 Mark Questions with Solution Part - I updated Creative Questions - by Question Bank Software View & Read

  • 1)

    Prepare three column cash book of Mr. Raghavan from the following transactions and balance the cash book on 30th June 2017.

      Particulars
    2017 June 1 Cash in hand Rs. 50,000
      Bank overdraft Rs. 15,000
    3 Paid into Bank Rs. 25,000.
    5 Parthiban settled his account for Rs. 3,750, by giving a cheque for Rs. 3,690
    8 Parthiban's cheque sent to bank for collection
    10 Cash withdrawn from bank Rs. 8,000
    14 Parthiban's cheque returned dishoIioured
    15 Received from Ramesh a Currency note for Rs. 5,000 and gave him a Change for its.
    18 Paid Rent Rs. 500
    20 Bank Charges as per Pass book Rs. 150.
    30 Deposited into bank all Cash in Excess of Rs. 5,000.
  • 2)

    Enter the following transactions in the Triple column Cash book of Mr. Raja Durai.

      Particulars Rs
    2017 May 1 Cash balance 6,000
      Bank balance 4,000
    2 Withdrew from bank 2,000
    3 Abdulla directly paid into our bank account 3,000
    4 Cheque received from Daniel Rs. 5,000 sent to bank  
    7 Cheque received from Ramakrishnan for sales 8,000
    8 Received cash from Subramaniyam  2,800
      Discount allowed 200
    10 Ramakrishnan's cheque sent to bank for collection  
    14 Paid to Balu by cheque 13,900
      Discount received 100
    17 withdrew cash for personal use Rs. 1,500 and by cheque 12,500
    27 Rent paid 2,000
  • 3)

    Prepare Petty Cash book on imprest system from the following particulars:

        Particulars Rs
    2016 Sep 1 Received for petty cash payments 1,000
      4 Paid for stationery 140
      9 Paid for postage 80
      10 Paid for printing charges 150
      11 Paid for carriage 125
      17 Paid for telegrams 25
      20 Purchased envelops 30
      21 Paid for coffee to office staff 30
      22 Paid for office cleaning 50
      30 Paid to Rajeev 200
  • 4)

    Enter the following transactions in a petty cash book of Mr. Murugan maintained on imprest system with analytical columns.

        Particulars Rs
    2018 Mar  15 Cash in hand 143
        Received from the chief cashier 607
      16 Bought stamps 25
      17 Paid cartage 40
      18 Tea and lunch expenses to customers 74
      19 Telegram sent 23
      20 Paid taxi hire 150
      21 Purchased envelops 22
      22 Paid for repairs of typewriter 65
      23 Purchased one bottle of ink 12
      27 Paid Railway fare to manager 187
      31 Paid to coolie 20
  • 5)

    Enter the following transactions in the double column cash book of Mr. Srinivasan.

    2002 May Particulras Rs
    1 Cash in hand 50,000
    3 Cash Paid to Rajan 6,000
      Discount allowed by him 100
    6 Cash Purchases 10,000
    10 Received cash from Arun Rs 2,900 and allowed hime discount 100
    13 Cash Sales 15,000
    15 Electricity charges paid 1,000
    18 Paid for miscellaneous expenses 2,000
    20 Received cash from Murali 3,450
      Discount allowed 50

11th Standard English Medium Accountancy Subject Subsidiary Books - II Creative 5 Mark Questions with Solution Part - II updated Creative Questions - by Question Bank Software View & Read

  • 1)

    Enter the following Petty transactions in the Analytical Petty Cash Book of Mr. Elangovan. 2012, October
    1 Balance in hand Rs. 410 and Received from the head cashier Rs.1090
    3 Paid electricity charges Rs.335
    5 Bought stationery Rs.128
    8 Printing charges Rs.150
    9 Postage stamps purchased Rs.65
    13 Repairs to furniture Rs.125
    14 Telegram sent to suppliers Rs. 50
    15 Repairs to computer Rs.250

  • 2)

    Prepare petty cash book of Mr. Nandakumar with suitable columns and enter therein the following transactions.
    Balance the book on 10th March 2011
    2011, March 
    1 Balance in hand Rs. 158 and Received from chief cashier  Rs.592
    2 Paid for postage stamps Rs. 50
    5 Paid for stationery Rs.105
    6 Paid for carriage Rs. 65
    7 Paid for postage stamps Rs. 75 and Paid for telegrams Rs.35
    8 Paid for carriage Rs. 50
    9 Paid for stationery Rs. 78

  • 3)

    Enter the following transaction in the Three Column Cash Book of Mr. Albert.

    2012, May Rs.
    1 Cash in hand Rs.30,000 and Cash at bank 2,000
    .3 Received cheque for goods sold to Arun and banked it 1,000
    5 Paid into bank 4,000
    9 ·Paid cash to David from whom goods worth Rs.6,000 were purchased for
    credit on 1st May on term 2% cash discount within two weeks.
     
    10 Paid to Robert by cheque Rs.2,400 in full settlement of his account of 2,500
    12 Received cash from Nathan Rs.4,750. Discount allowed 250
    19 Interest allowed by bank 200
    20 Robert to whom we have issued a cheque has reported that our cheque is dishonoured.  
    22 Roshan got exchange a five hundred rupee note.  
    31 Paid into bank all cash in excess of 5,000
  • 4)

    Enter the following transactions in a petty cash book of Mr. Jack with analytical columns. The petty cashier begins with an imprest amount of Rs.1,000.

    2012, June Rs.
    4 Postage Stamps 40
    5 Travelling expenses 75
    6 Lunch expenses 150
    8 Labour charges for bringing office tables 50
    10 Repair charges to fax machine 250
    12 Postage stamps 20
    15 Cleaning the office 50
    17 Stationery purchased 175
    27 Paid to Ravi 150
  • 5)

    Prepare petty cash book on imprest system from the following particulars given below:

    2012, December Rs.
    1 Balance on hand Rs.25 and Received cheque to make the imprest 975
    2 Paid for postage 40
    4 Paid for stationery 225
    6 Paid for wages 140
    8 Paid for carriage 130
    10 Paid for travelling expenses 150
    11 Paid for telegrams expenses 50
    12 Coffee to office staff 45
    19 Taxi hire 150

11th Standard English Medium Accountancy Subject Final Accounts of Sole Proprietors - II Creative 5 Mark Questions with Solution Part - I updated Creative Questions - by Question Bank Software View & Read

  • 1)

    The Trial balance shows on 31-03-2012 Sundry debtors 1,25,000.
    Adjustments:
    (i) Bad debts to.be written off Rs. 5,000
    (it) Provide @ 5% provision for bad and doubtful debts and
    (iii) Provide @ 2% provision for Discount on debtors.
    Pass entries and show how these items will appear in the Final accounts.

  • 2)

    The following is the Trial balance extracted from the books of Mr. Mohan as on 31-12-2017. Prepare Trading and Profit and loss account and Balance sheet on 31-12-2017.

    Debit balances Amount Rs. Credit balances Amount Rs.
    Buildings 30,000 Capital 40,000
    Machinery 31,400 Purchase return 2,000
    Furniture 2,000 Sales 2,80,000
    Motor Car 16,000 Sundry creditors 9,600
    Purchases 1,88,000 Discount received 1,000
    Sales returns 1,000 Provision for bad and  
    Sundry debtors 30,000' and doubtful debts 600
    General expenses 1,600    
    Cash at bank 9,400    
    Rates and Taxes 1,200    
    Bad debts 400    
    Insurance premium 800    
    Discount allowed 1,400    
    Opening stock 20,000    
      3,33,200   3,33,200

     Adjustments:
    (i) Outstanding rates and taxes Rs.1,600
    (ii) Insurance premium prepaid Rs.200
    (iii) Maintain provision for bad and doubtful debts at 5% on debtors,
    (iv) Depreciate Motor Car by 10%. Furniture by 4% and Buildings by 3%.
    (v) Stock on 31-12-2017 Rs.20,000.

  • 3)

    From the under mentioned trial balance of Mr. Saleem as on 31-03-2018. Prepare trading and profit and loss account and balance sheet as on the date.

    Trial Balance
    Debit balances Amount Rs. Credit balances Amount Rs.
    Cash in hand 1,500 Capital 80,000
    Purchases 1,20,000 Bank loan @ 4% 20,000
    Opening stock 40,000 Bills payable 25,000
    Sundry debtors 60,000 Sundry creditors 25,000
    Plant and Machinery 50,000 Sales 2,00,000
    Furniture 20,000 Provision for bad and  
    Bills receivable 15,000 doubtful debts 1,500
    Rent and taxes 10,000 Interest 1,000
    Wages 16,000    
    Salaries 20,000    
      3,52,500   3,52,500

    Additional Information Supplied :
    (i) Closing stock Rs.50,000
    (ii) Provide for outstanding liabilities
    Rent and taxes Rs.2,000
    Wages Rs.3,000
    Salaries Rs.4,000
    (iii) Depreciation on plant and machinery @ 5% and on furniture @ 10%.
    (iv) Provide 4% interest on bank loan.
    (v) Write off bad debts Rs.2,000

  • 4)

    Trial balance of Anuradha agencies as on 31-03-2012.

    Debit balances Amount Rs. Credit balances Amount Rs.
    Drawings 1,800 Capital 80,000
    Buildings 15,000 General reserve 20,000
    Furniture & Fittings 7,500 Loan from Hari @ 6% 15,000
    Computer 25,000 Sales 1,00,000
    Interest on loan 900 Commission received 7,500
    Loose tools 6,100 Sundry creditors 10,000
    Purchases 75,000    
    Stock on 1-4-2011 25,000    
    General expenses 15,000    
    Freight inward 2,000    
    Freight outward 1,000    
    Sundry debtors 28,000    
    Bank 20,200    
    Goodwill 10,000    
      2,32,500   2,32,500

    Adjustments:
    (i) Closing stock is Rs.32,000
    (ii) Depreciate computer @ 10%; buildings @5%; furniture and fittings @ 10%
    (iii) Provide for bad and doubtful debts @ 5% and for-discount on debtors @ 2%
    (iv) Provide interest on drawings @ 6% and on capital @ 8% 
    Prepare final accounts for the said period after giving effect to the adjustments.

  • 5)

    The Balance sheet of Thapar on 1st January 2011 was as follows:

    Liabilities Amount Rs. Assets Amount Rs.
    Trade payables 15,000 Plant & Machinery 30,000
    Expenses payable 1,500 Furniture & Fixture 3,000
    Capital 50,000 Inventories 13,000
        Trade receivables 14,000
        Cash at Bank 6,500
      66,500   66,500

    During 2011, his Profit and loss account revealed a net profit of Rs.15,300. This was after allowing for the following:
    (a) Interest on Capital @ 6% p.a.
    (b) Depreciation on Plant and Machinery @ 10% and on Furniture and Fixtures @ 5%.
    (c) A provision for doubtful debts @ 5% of the trade receivables as at 3pt December 2011.
    But while preparing the Profit and loss account he had forgotten to provide for
    (1) outstanding expenses totalling Rs.1,800 and
    (2) Prepaid insurance to the extent of Rs.200.
    His current assets and liabilities on 31st December, 2011 were; Inventories Rs.14,500; Trade receivables Rs.20,000; cash at Bank Rs.10,530 and Trade payable Rs.11,400.
    During the year he withdrew Rs.6,000 for domestic use, Draw up his balance sheet at the end of the year.

11th Standard English Medium Accountancy Subject Computerised Accounting Creative 5 Mark Questions with Solution Part - I updated Creative Questions - by Question Bank Software View & Read

  • 1)

    Explain briefly the features of computerised accounting system.

  • 2)

    Discuss the various categories of accounting packages.

  • 3)

    Explain the components of computerised accounting system.

  • 4)

    Differentiate manual accounting with computerised accounting system.

  • 5)

    Compare ready-to-use, customised and tailor-made accounting pacages.

11th Standard English Medium Accountancy Subject Books of Prime Entry Book Back 5 Mark Questions with Solution Part - I updated Book back Questions - by Question Bank Software View & Read

  • 1)

    Show the effect of following business transactions on the accounting equation.
    (i) Anbu started business with cash Rs. 20,000; goods Rs. 12,000 and machine Rs. 8,000
    (ii) Purchased goods from Ramani on credit . Rs. 7,000
    (iii) Payment made to Ramani in full settlement Rs. 6,900
    (iv) Sold goods to Rajan on credit costing Rs. 5,400 for Rs. 6,000
    (v) Received from Rajan Rs. 5,800 in full settlement of his account
    (vi) Wages outstanding  Rs. 400

  • 2)

    Jeyaseeli is a sole proprietor having a provisions store. Following are the transactions during the month of January, 2018. Journalise them.

    Jan. Rs.
    1 Commenced business with cash 80,000
    2 Deposited cash with bank 40,000
    3 Purchased goods by paying cash 5,000
    4 Purchased goods from Lipton & Co. on credit 10,000
    5 Sold goods to Joy and received cash 11,000
    6 Paid salaries by cash 5,000
    7 Paid Lipton & Co. by cheque for the purchases made on 4th Jan.  
    8 Bought furniture by cash 4,000
    9 Paid electricity charges by cash 1,000
    10 Bank paid insurance premium on furniture as per standing instructions  300
  • 3)

    Arun is a trader dealing in automobiles. For the following transactions, pass journal entries for the month of January, 2018.

    Jan. Rs
    1. Commenced business with cash 90,000
    2. Purchased goods from X and Co. on credit 40,000
    3. Accepted bill drawn by X and Co. 20,000
    4. Sold goods to D and Co. on credit 10,000
    5. Paid by cash the bill drawn by X and Co. 5,000
    6. Received cheque from D and Co. in full settlement
    and deposited the same in bank.
    9,000
    7. Commission received in cash 5,000
    8. Goods costing Rs. 40,000 was sold and cash received 50,000
    9. Salaries paid in cash 4,000
    10. Building purchased from Kumar and Co. for Rs. 1,00,000 and an advance
    of Rs. 20,000 is given in cash.
     
  • 4)

    Valluvar is a sole trader dealing in textiles. From the following transactions, pass journal entries for the month of March, 2018.

      March Rs
    1 Commenced business with cash
    With goods.
    90,000
    2  Purchased 20 readymade shirts from X and Co. on credit. 60,000
    3  Cash deposited into bank through Cash Deposit Machine 10,000
    4  Purchased 10 readymade sarees from Y and Co. by cash 30,000
    5  Paid X and Co. through NEFT 6,000
    6  Sold 5 sarees to A and Co. on credit 4,000
    7  A and Co. deposited the amount due in Cash Deposit Machine  
    8  Purchased 20 sarees from Z & Co. and paid through debit card 12,000
    9  Stationary purchased for and paid through net banking. 6,000
    10  Bank charges levied 200
  • 5)

    Chandran is a sole trader dealing in sports items. From the following transactions, pass journal entries for the month of March, 2018

    March   Rs
    1 Commenced business with cash 4,00,000
    2 Cash deposited into bank 3,00,000
    3 Purchased goods from Rave and payment made through net banking 90,000
    4 Sales made to Kumar, who deposited the money through CDM 10,000
    5 Sales made to Vivek, who made the payment by debit card 60,000
    6 Sold goods to Keerthana, who made the payment through credit card 50,000
    7 Dividend directly received by bank 2,000
    8 Money withdrawn from ATM 3,000
    9 Salaries paid through ECS 6,000
    10 Cricket bats donated to a trust 10,000

11th Standard English Medium Accountancy Subject Books of Prime Entry Book Back 5 Mark Questions with Solution Part - II updated Book back Questions - by Question Bank Software View & Read

  • 1)

    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

  • 2)

    Create an accounting equation on the basis of the following transactions:
    (i) Rakesh started business with a capital of Rs.1,50,000
    (ii) Deposited money with the bank Rs.80,000
    (iii) Purchased goods from Mahesh and paid through credit card Rs.25,000
    (iv) Sold goods (costing Rs.10,000) to Mohan for Rs.14,000 who pays through debit card
    (v) Commission received by cheque and deposited the same in the bank Rs.2,000
    (vi) Paid office rent through ECS Rs.6,000
    (vii) Sold goods to Raman for Rs.15,000 of which Rs.5,000 was received at once

  • 3)

    Create accounting equation on the basis of the following transactions:
    (i) Opening balance on pt January, 2018 cash Rs.20,000; stock Rs.50,000 and bank Rs.80,000
    (ii) Bought goods from Suresh Rs.10,000 on credit
    (iii) Bank charges Rs.500
    (iv) Paid Suresh Rs.9,700 through credit card in full settlement.
    (v) Goods purchased on credit from Philip for Rs.15,000
    (vi) Goods returned to Philip amounting to Rs.4,000

  • 4)

    Pass journal entries in the books of Sasi Kumar who is dealing in automobiles

    2017 Oct.   Rs
    1 Commenced business with goods 40,000
    3 Cash introduced in the business 60,000
    4 Purchased goods from Arul on credit 70,000
    6 Returned goods to Arul 10,000
    10 Paid cash to Arul on account 60,000
    15 Sold goods to Chandar on credit 30,000
    18 Chandar returned goods worth 6,000
    20 Received cash from Chandar in full settlemen 23,000
    25 Paid salaries through ECS 2,000
    30 Sahil took for personal use goods worth 10,000
  • 5)

    Karthick opened a provisions store on pt April, 2017. Journalise the following transactions in his books:

    2017 April   Rs
    1 Paid into bank for opening a current account 2,00,000
    3 Goods purchased by cheque 40,000
    5 Investments made in securities 40,000
    6 Goods sold to Radha for Rs.20,000 and cheque received and deposited into bank  
    7 Amount withdrawn from bank for office use 15,000
    10 Purchased goods from Kamala and cash deposited in CDM 10,000
    12 Sold goods to Vanitha who paid through debit card 10,000
    15 Interest on securities directly received by the bank 1,000
    20 Insurance paid by the bank as per standing instructions 2,000
    25 Sales made to Kunal who made payment through CDM 6,000

11th Standard English Medium Accountancy Subject Ledger Book Back 5 Mark Questions with Solution Part - I updated Book back Questions - by Question Bank Software View & Read

  • 1)

    Show the direct ledger postings for the following transactions:

    2016 July  
    1 Shankar commenced business with a cash Rs. 1,00,000
    5 Sold goods for cash Rs. 10,000
    9 Wages paid Rs. 6,000
    19 Salaries paid Rs. 8000
    20 Advertisement expenses paid Rs. 4,000
  • 2)

    Journalise the following transactions in the booksof Vasu and post them to ledger accounts.

    2017 Nov.  
    1 Cash in hand Rs. 1,00,000; Cash at bank: Rs. 30,000
    2 Vasu sold goods to Jothi for Rs. 25,000 against a cheque and deposited the same in the bank
    4 Received as commission Rs. 5,000
    8 Bank paid Rs. 15,000 directly for insurance premium of Vasu.
    15 Cash deposited into bank Rs. 30,000
    20 Cash withdrawn from bank for personal use Rs. 45,000.
  • 3)

    Prepare a Sales account from the following transactions.

    2018 Jan.   Rs.
    1 Sold goods to Sam 4,000
    4 Sold goods to Suresh  2,500
    11 Sold goods to Joy 8,000
    17 Sold goods to Rajan 3,000
  • 4)

    Show the direct ledger postings for the following transactions:

    2017 June   Rs.
    1 Raja commenced business with cash 50,000
    6 Sold goods for cash   8,000
    8 Sold goods to Devi on credit   9,000
    15 Goods purchased for cash  4,000
    20 Goods purchased from Shanthi on credit   5,000
  • 5)

    The following balances appeared in the books of Kumaran on April 1, 2017.
    Assets: Cash Rs. 1,00,000; Stock Rs. 40,000; Amount due from Rohit Rs. 10,000;
    Furniture Rs. 10,000; Liabilities: Amount due to Anush Rs. 40,000;
    Kumaran's capital Rs. 1,20,000
    Find the capital and show the ledger posting for the above opening balances.

11th Standard English Medium Accountancy Subject Ledger Book Back 5 Mark Questions with Solution Part - II updated Book back Questions - by Question Bank Software View & Read

  • 1)

    Journalise the following transactions in the books of Arun and post them to ledger accounts.

    2017 Dec   Rs.
    1 Arun started his business with cash 10,000
    3 Bought goods for cash 1,500
    8 Sold goods to Krishna on credit 4,000
    14 Purchased goods from Govind on credit 2,000
    25 Received cash from Krishna 3,000
    28 Cash paid to Govind  1,000
  • 2)

    Journalise the following transactions and post them to the ledger.

    2017 July   Rs.
    1 Cash in hand 50,000
    5 Goods purchased by cash 30,000
    7 Insurance paid 2,500
    10 Machinery purchased for cash 9,000
    15 Interest received 2,000
    18 Goods sold for cash 7,000
  • 3)

    Pass journal entries for the following transactions and post them in the ledger accounts.

     2017
    June   1
       
       Basu started business with cash Rs. 50,000  
    4    Purchased furniture by paying cash for Rs. 6,000   
    7    Purchased machinery on credit from Harish Rs. 10,000   
    10    Bought goods for cash Rs 4,000
    18    Paid insurance premium Rs 100
  • 4)

    Journalise the following transactions and post them to ledger. On May 20, 2018, Ram paid salaries Rs.15,000; Electricity charges Rs. 8,000 and wages Rs. 2,000.

    In the books of Ram Journal entries
     Date   Particulars   L.F.   Debit Rs.   Credit Rs. 
     2018         
     May 20    Salaries A/c                    Dr.   15,000  
        Electricity charges A/c     Dr.   8,000  
        Wages A/c                      Dr.   2,000  
            To Cash A/c     25,000
        (Expenses paid)      
  • 5)

    Bharathi is a sole trader dealing in oil products for the past five years. The books of accounts showed the following balances on 1st April 2018: Cash in hand Rs. 25,000; Cash at bank Rs. 3,00,000. The following transactions took place for the month of April 2018.

     April 1   Goods bought by giving cheque Rs. 30,000 
    5   Goods sold to Naveen and payment received through NEFT Rs. 40,000  
    6   Goods sold to Xavier for cash Rs. 20,000
    9   Goods sold on credit to Abdul for Rs. 25,000
    18   Cash received from Abdul Rs. 10,000

    Pass Journal entries for the above transactions and prepare ledger accounts.

11th Standard English Medium Accountancy Subject Trial Balance Book Back 5 Mark Questions with Solution Part - I updated Book back Questions - by Question Bank Software View & Read

  • 1)

    Prepare the trial balance from the following information:

    Name of the account Rs Name of the account Rs
    Bank Loan  2,00,000 Purchases  1,80,000
    Bills Payable 1,00,000 Sales 3,00,000
    Stock 70,000 Debtors 4,00,00
    Capital 2,50,000 Bank 2,00,000
  • 2)

    Prepare the trial balance from the following balances of Babu as on 31st March ,2016.

    Particulars Rs Partiiculars Rs
      Cash in Hand  7,000   Bills receivable 7,000
      Sundry Debtors 5,400   Sundry creditors 11,800
      Salaries 6,800   Capital  25,000
      Bad Debts 200   Purchases 45,000
      Opening Stock 15,400   Sales   50,000
  • 3)

    Prepare the trial balance from the following balances of Rajesh as on 31st March, 2017.

    Particulars Rs Particulars Rs
    Bills receivable 13,000 Drawings 7,000
    Bank charges 750 Sundry debtors 17,100
    Conveyance charges 350 Bills payable 12,000
    Discount received 1,300 Capital 25,900
    Cash in hand 1,000    
  • 4)

    From the following balances of Rohini, prepare the trial balance as on 31.03.2018.

      Rs   Rs
    Capital 60,000 Sales 82,000
    Dlscount received 3,250 Lighting 800
    Purchases 58,000 Drawings 5,250
    Plant and machinery 40,000 Car expenses 1,200
    Advertising expenses 5,000 Motor car 35,000
  • 5)

    The following balances are extracted from the books of Ravichandran on 31st December, 2016. Prepare the trial balance.

    Particulars Rs Particulars Rs
    Capital 1,50,000 Sales 75,000
    Debtors 22,800 Return inwards 1,000
    Rent received 500 Discount allowed 800
    Bank overdraft 3,100 Discount received 1,000
    Creditors 5,500 Wages 2,900
    Premises 1,46,000 Salaries 3,500
    Opening Stock 10,000 Commission paid 1,100
    Purchases 45,000 General expenses 2,000

11th Standard English Medium Accountancy Subject Trial Balance Book Back 5 Mark Questions with Solution Part - II updated Book back Questions - by Question Bank Software View & Read

  • 1)

    From the following balances extracted from the books of Raju a trader on automobiles, prepare trial balance as on 31st March, 2017:

    Particulars Rs Particulars Rs
    Cash in hand 5,500 Direct expenses 5,000
    Discount received 300 Carriage outwards  3,500
    Creditors 15,000 Capital 45,000
    Building 50,000 Purchases 49,700
    Opening stock 6,000 Sales 59,400
  • 2)

    From the following balances extracted from the books of Pearl, a trader, prepare trial balance as on 31st March, 2017.

    Particulars Rs Particulars Rs
    Capital 44,000 Interest on investment 2,000
    Bills receivable 5,000 Customs duty 3,000
    Wages 800 Computer 20,000
    Drawings 4,000 Sales 72,000
    Purchases 75,000 Opening stock 10,200
  • 3)

    Prepare trial balance as on 31st December, 2017 from the following balances of Balaraman.

    Particulars Rs Particulars Rs
    Capital 2,20,000 Repairs 2,400
    Drawings 24,000 Office lighting 2,600
    Furniture 63,500 Printing and stationery 2,700
    Stock at the beginning 62,050 Bank loan 7,500
    Bills receivable 9,500 Computer 25,000
    Bills payable 8,750 Debtors 46,500
    Purchases 88,100 Cash in hand 15,000
    Sales 1,35,450 Cash at bank 27,250
    Discount allowed 7,100 General expenses 7,100
    Discount received 3,500 Creditors 7,600
  • 4)

    The following balances are extracted from the books of Prabhu, as on 31st March, 2017. Prepare trial balance and transfer the difference if any to suspense account.

    Particulars Rs Particulars Rs
    Discount allowed 250 Loan borrowed 7,000
    Cash in hand 4,200 Lighting 12,000
    Capital 50,000 Commission paid 3,000
    Salaries 12,000 Purchases 29,050
    Furniture 7,500 Sales 35,000
  • 5)

    From the following balances extracted from the books of Chitra, prepare trial balance as on 31st March, 2017.

    Particulars Rs Particulars Rs
    Adjusted purchases 60,000 Advertisement 4,000
    Rent paid 2,000 General expenses 700
    Discount received 1,000 Commission paid 1,500
    Carriage inward 2,700 Capital 40,000
    Closing stock 18,600 Sales 48,500

11th Standard English Medium Accountancy Subject Subsidiary Books - I Book Back 5 Mark Questions with Solution Part - I updated Book back Questions - by Question Bank Software View & Read

  • 1)

    Enter the following credit transactions in the purchases book of Manoharan, a Provisions Merchant.

    2017 May 2 Bought from Vasu 100 bags of rice @ Rs. 800 per bag
    May 8 Bought from Cheyyar Sugar Mills Ltd., 20 bags of sugar @ Rs. 2,600 Per bag
    May 10 Bought from Ram Flour Mill, Coimbatore, 10 bags of wheat flour @ Rs. 750 per bag
    May 15 Bought from Nilgiri Tea Co., Nilgiris, 15 cases of tea @ Rs. 900 per case
    May 25 Bought from Sairam Coffee Works Ltd., 100 kgs of Coffee @ Rs. 190 per kg
    May 29 Bought from X & Co. furniture worth Rs. 2,000
  • 2)

    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
  • 3)

    Prepare Purchases book and Sales book in the books of Santhosh Textiles Ltd., from the following transactions given for April 2017.

     2017 April 1   Purchased goods from Prasad, Kancheepuram on credit 
        100 meters Silk @ Rs. 450 per meter
        75 meters Velvet @ Rs. 180 per meter
     April 10   Sold goods to Rathinam, Chennai on credit
        60 meters Silk @ Rs. 490 per meter
        50 meters Velvet @ Rs. 210 per meter
    April 18   Nathan & Sons purchased from us on credit
        100 meters Silk @ Rs. 510 per meter
    April 20   Purchased goods from Hari Ram & Sons, Madurai on credit  
         50 rolls kada cloth @ Rs. 730 per roll
        80 rolls cotton cloth @ Rs. 650 per roll
    April 24   Purchased from Mohan, Karur for cash
         Shirting cloth @ Rs. 7,000
        Sarees @ Rs. 25,000
  • 4)

    Record the following transactions in the sales book and sales returns book of M/s. Ponni & Co., and post them to ledger.

     2017 Aug 1   Sold goods to Senthil as per Invoice No. 68 for Rs. 20,500 on credit 
    Aug 4   Sold goods to Madhavan as per Invoice No. 74 for Rs. 12,800 on credit  
    Aug 7   Sold goods to Kanagasabai as per Invoice No. 78 for Rs. 7,500 on credit
    Aug 15   Returns inward by Senthil as per Credit Note no. 7 for Rs. 1,500 for which cash is not paid
    Aug 20   Sold goods to Selvam for Rs. 13,300 for cash
    Aug 25   Sales returns of Rs. 1,800 by Madhavan as per Credit Note No. 11 for which cash is not paid
  • 5)

    Enter the following transactions in the proper subsidiary books of Suman who is dealing in electronic goods for the month of January 2017.

     2017 Jan. 2   Purchased from Mis. Raj Electronics on credit 
        20 cell phones @ Rs. 5,500 per piece
        10 colour TVs @ Rs. 14,500 per piece
    Jan. 5   Purchased from Mis. Ruby Electronics on credit  
        10 radios @ Rs. 1,650 per piece
        8 Tape recorders @ Rs. 2,500 per piece
        Trade discount on all items @ 10%
    Jan. 10   Returned to M/s. Raj Electronics 4 cell phones damaged and cash not received
    Jan. 20   Purchased from Mis. Suganthi Electronics on credit
        10 radios @ Rs. 3,700 per piece
        2 Sony colour TVs @ Rs. 27,000 per piece
        Trade discount @ 5% on all items

11th Standard English Medium Accountancy Subject Subsidiary Books - I Book Back 5 Mark Questions with Solution Part - II updated Book back Questions - by Question Bank Software View & Read

  • 1)

    Enter the following transactions in the sales book and sales returns book of M/s. Guhan & Sons, who is a textile dealer.

     2017May 2   Sold to MIs. Karan & Co., on credit  
        100 pieces towels @ Rs. 280 per piece  
        200 metres shirtings @ Rs. 270 per metre  
    May 5   Sold to MIs. Veeran & Sons on credit
        10 pieces ready-made dress @ Rs. 1,500per piece  
    May 16   Sold to M/s. Jain & Sons on credit
        50 blankets @ Rs. 240 each
    May 20   Damaged 10 pieces towels returned by Karan & co. and cash not paid  
    May 25   Sold old furniture to MIs. Saran & Co., on credit Rs. 18,000
    May 27   Returned 2 pieces ready-made dresses by M/s. Veeran & Sons due to inferior quality and cash not paid
  • 2)

    From the following information, prepare the necessary subsidiary books for Nalanda Book Stores.

    2017 Dec. 1 Bought from M/s. Umadevi on credit
      100 copies Business Statistics Book @ Rs. 80 each
      100 copies Accountancy Book @ Rs. 150 each
    Dec. 7 Sold to Sridevi & Co., on credit
      240 copies Business Statistics @ Rs. 90 each
      250 copies Accountancy books @ Rs. 170 each
    Dec. 10 Bought from Subha & Co.,
      40 Copies Economics books @ Rs. 80 each
      Less: 15% Trade Discount
    Dec. 15 Returned to Mis. Vma Devi 10 copies of damaged Accountancy book for which cash is not received
    Dec. 18 Sold to Gupta Bros., on credit
      200 copies of Economics book @ Rs. 95 each
    Dec. 26 Returned 6 copies of Economics books to Subha & Co.,
  • 3)

    Record the following transactions in the purchases book of Raja Furniture:

     2017   
     May 4    Purchased from Kasi Furnitures, Kanyakumari  
            10 chairs @ Rs. 300 each
            4 tables @ Rs. 800 each
     May 6   Purchased for cash from Welcome Furniture, Vellore   
           2 almirahs @ Rs. 2,000 each
           4. chairs @ Rs. 200 each
               Less: Trade discount @ 5%
     May 10   Bought furniture from Murugan Furniture Mart, Nagapattinam   
           10 chairs @ Rs. 250 each
           5 tables @ Rs. 750 each
           Delivery and packing charges Rs. 150
     May 20   Purchased 2 computers for office use from Anandan & Co., Adyar on credit for Rs. 5,550 each 
     May 25   Purchased from Gowtham & Co., Chennai
            10 chairs @ Rs. 550 each
            15 steek cabinets @ Rs. 2,000 each
                   Delivery charges Rs. 200
                   Less: Trade discount @ 10%
  • 4)

    Enter the following transactions in the purchases returns book of Hari who is dealing in automobiles and post them into the ledger.

     2017   
     Jan 5   Returned to Anand 5 clutch plates @ Rs. 200 each, not in accordance with order. 
     Jan 14   Returned to Chandran 4 brake shoes @ Rs. 200 each and 10rear view mirrors @ Rs. 350 each, due to inferior quality.
  • 5)

    Enter the following transactions in returns inward book of Magesh a textile dealer:

     2017   
     April 6   Returned by Shankar 30 shirts each costing Rs. 150, due to inferior quality.
     April 8   Amar Tailors returned 10 T-shirts, each costing Rs. 100, on account of being not in accordance with their order.
     April 21   Prema Stores returned 12 Salwar sets each costing Rs. 200; being not in accordance with order.

11th Standard English Medium Accountancy Subject Subsidiary Books - II Book Back 5 Mark Questions with Solution Part - I updated Book back Questions - by Question Bank Software View & Read

  • 1)

    Enter the following transactions in a single column cash book of Pandeeswari for the month of June, 2017.

      Particulars Rs
    June 2 Started business with cash 50,000
    8 Paid rent in cash 4,000
    10 Purchased printer for cash 7,500
    11 Cash purchases 15,000
    14 Cash sales 10,000
    17 Commission received in cash 6,000
    19 Interest paid for loan in cash 2,000
    20 Cash withdrawn for personal use 3,000
    21 Paid speed post charges in cash 3,500
  • 2)

    Enter the following transactions in Ahamed's cash book with discount and cash columns.

      Particulars Rs
    2017 Oct 1 Cash balance 37,500
    3 Cash Sales 33,000
    7 Paid to Velan Rs 15,850 and Discount allowed by him 150
    13 Sold goods to Perumal on Credit 19,200
    15 Cash withdrawn for personal expenses 4,800
    16 Purchased goods from Subramanian 14,300
    22 Paid to Bank 22,700
    25 Cash received from Perumal in full settlement 19,000
    26 Draw a cheque for office use 17,500
    27 Paid cash to Gopalakrishnan 2,950
      Discount received from him 50
    28 Paid cash to Subramanian and settled his account 14,200
    29 Cash purchases 13,500
    30 Cash paid for advertising 1,500
  • 3)

    Enter the following transactions in cash book with discount and cash column of Anand

        Rs
    2017 Dec 1 Cash in hand 19,500
      Sold goods for cash 32,000
      Credit purchases from Gandhi 20,000
      Received from Gopu 11,800
      Discount allowed to him 200
      Cash paid for Electricity charges 12,500
      Bought computer and its accessories by cash 16,800
      Paid cash to Gandhi Rs 19,700 in full settlement of his account  
      Received cash from Thiruvengadam 8,900
      Discount allowed to him 100
      Paid trade expenses in cash 3,500
  • 4)

    Enter the following transactions in Iyyappan's petty cash book with analytical columns under imprest system.

    2017   Jan   Rs.
        1 Balance on hand 250
        1 Cash received from the chief cashier 1,050
        2 Purchased pencil, rubber and paper 200
        4 Sent documents to Head Office by registered post 120
        5 Travelling expenses paid to salesman 150
        7 Paid for sundry expenses 60
        9 Paid for office expenses 50
        11 Paid for letter pad 175
        13 Paid to Amutha on account 66
        15 Paid for repairs to furniture 78
        18 Carriage paid 83
        20 Bought postal stamps 55
        22 Paid for telephone charges 175
  • 5)

    Enter the following transactions in the three column cash book of Kalyana Sundaram

    2017 Jan Particulars Rs
    1 Balance in hand 42,500
      Balance at bank 35,000
    3 Received for cash sales 15,700
    4 Cash paid into bank 11,500
    6 Cash purchases 14,300
    9 Received dividend directly by the bank through ECS 2,000
    10 Pongal advance to staff paid through bank 17,000
    12 Received cash from Nagarajan 11,850
      and allowed him discount 150
    17 Paid Magesh in full settlement of his account Rs 20,000 19,700
    20 Cash withdrawn for personal expenses 20,000
    30 Withdrawn cash from ATM for office use 1,500

11th Standard English Medium Accountancy Subject Subsidiary Books - II Book Back 5 Mark Questions with Solution Part - II updated Book back Questions - by Question Bank Software View & Read

  • 1)

    Enter the following transactions in a single column cash book of Ramalingam for month of July, 2017.

      Particulars Rs
    July 1 Cash in hand 32,000
    5 Received from Keerthana 5,000
    6 Paid packing charges in cash 300
    7 Cash purchases 12,400
    8 Sold goods for cash 2,600
    10 Paid salary to manager in cash 7,000
    11 Paid to Bala 3,000
    12 Purchased goods from Bose 2,500
    24 Cash deposited into bank through CDM 4,000
    27 Withdraw cash from bank 2,000
    31 Paid office rent in cash 6,000
  • 2)

    Enter the following transaction in Chandran's cash book with cash and discount column.

      Particulars Rs
    2017 Nov 1 Cash balance 22,000
    2 Cash Sales 14,000
    3 Credit sales to Govindan 12,000
    4 Credit purchases from Balaraman 27,000
    5 Cash purchases 8,800
    8 Govindan settled his account @ 2% cash discount  
    12 Paid Balaraman Rs. 26,800 and settle his account  
    15 Cash withdrawn for personal expenses 4,000
    28 Cash paid into Bank 5,000
    29 Received from Madhan Rs. 4,800 in settlement of his account for 5,000
    30 Paid salaries in cash 4,000
  • 3)

    Record the following transactions in an analytical petty cash book and balance the same. On 1st November, 2017, the petty cashier started with imprest cash Rs.2,000.

    2017 Nov 1 Postage stamps purchased 155
      2 Paid to sweeper and scavenger 170
      3 Conveyance to Manager 125
      6 Lorry hire for goods rent 260
      7 Greeting card purchased 110
      10 Carriage paid 70
      11 Repairs to furniture 100
      13 Ink and gum purchased 50
      17 Computer servicing charges paid 250
      20 Cleaning charges paid 120
      22 Gave charity to beggars 40
      23 Paid to Rammohan 80
      25 Paid railway fare 150
      30 Subscription paid to the Times of India 120
  • 4)

    Write out a cash book with discount, cash and bank columns in the books of Mahendran.

    2017 Oct   Rs
    1 Cash balance 12,000
    2 Bank balance 48,500
    3 Received a cheque from Kesavan 150
    4 Paid Shanmuganathan cheque for Rs 7950 and discount allowed by him 50
    6 Cash Sales 17,800
    7 Paid Sivasamy in cash 10,000
    15 Withdrew cash from bank 6,000
    17 Purchased goods and payment made through credit card 14,500
    20 Received cash from Janarthanam Rs.10,000 and discount allowed to him 100
    21 Cash remitted into bank through CDM 12,000
    24 Bought furniture for office use by cash 15,000
    28 Deepavali advance paid to staff through bank 10,000
    30 Salary for staff paid by cash 4,500
      Salary of Manager paid by through net banking 12,500
  • 5)

    Enter the following transactions of Fathima in the cash book with cash, bank and discount columns for the month of May, 2017

    2017 May Particulars Rs
    1 Cash balance 17,200
      Bank balance 43,000
    4 Received from Rajkumar by cheque on account 6,500
    9 Sold goods to Kumar for cash 12,000
    15 Bought laptop for business use and payment made through NEFT 21,000
    17 Withdrawn cash from Bank 9,600
    24 Goods purchased for cash Rs 12,400 and by cheque 18,200
    25 Deposited cash with bank 14,000
    28 Paid staff salaries by cheque 8,000
    29 Dividend received in cash 4,700
    30 Paid office rent in cash 12,000

11th Standard English Medium Accountancy Subject Bank Reconciliation Statement Book Back 5 Mark Questions with Solution Part - I updated Book back Questions - by Question Bank Software View & Read

  • 1)

    From the following particulars of Kamakshi traders, prepare a bank reconciliation statement as on 31st March, 2018.
    (a) Debit balance as per cash book Rs.10,500
    (b) Cheque deposited into bank amounting to Rs. 5,500 credited by bank, but entered twice in the cash book.
    (c) Cheques issued and presented for payment amounting to Rs.7,000 omitted in the cash book
    (d) Cheque book charges debited by the bank Rs 200 not recorded in the cash book.
    (e) Cash off 1,000 deposited by a customer of the business in cash deposit machine not recorded in the cash book.

  • 2)

    On 31st March, 2017, Anand's cash book showed a balance of Rs. 1,12,500. Prepare ban reconciliation statement.
    a) He had issued cheques amounting to Rs. 23,000 on 28.3.2017, of which cheques amounting to Rs. 9,000 have so far been presented for payment.
    b) A cheque for Rs. 6,300 deposited into bank on 27.3.2017, but the bank credited the same only on 5th April 2017.
    c) He had also received a cheque for Rs. 12,000 which, although entered by him in the cash book, was not deposited in the bank.
    d) Wrong credit given by the bank on 30th March 2017 for Rs.2,000.
    e) On 30th March 2017, a bill already discounted with the bank for Rs. 3,000 was dishonoured, but no entry was made in the cash book.
    f) Interest on debentures of Rs. 700 was received by the bank directly.
    g) Cash sales of Rs. 4,000 wrongly entered in the bank column of the cash book.

  • 3)

    From the following particulars of Raheem traders, prepare a bank reconciliation statement as on 31st March, 2018.
    (a) Overdraft as per cash book Rs. 2,500 On the same day the balance as per bank statement is Rs. 1,99,000.
    (b) Interest on debentures of Rs. 700 was received by the bank directly.
    (c) Amount received by bank through RTGS amounting to 2,00,000, omitted in the cash book.
    (d) Two cheques issued for Rs. 1,800 and Rs.2,000 on 29th March 2018. Only the second cheque is presented for payment.
    (e) Insurance premium on car for Rs. 1,000 paid by the bank as per standing instruction not recorded in the cash book.

  • 4)

    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
  • 5)

    Prepare bank reconciliation statement from the following data and find out the balance as per cash book as on 31st March, 2018.

    Particulars Rs
    (i) Bank balance as per bank statement 15,000
    (ii) Cheques issued but not yet presented for payment 2,500
    (iii) Bank charges not recorded in the cash book 250
    (iv) Interest charged by bank not recorded in the cash book 500
    (v) Bank paid insurance premium as per standing instruction but not recorded in the cash book  300
    (vi) Cheques deposited but not yet credited 900

11th Standard English Medium Accountancy Subject Bank Reconciliation Statement Book Back 5 Mark Questions with Solution Part - II updated Book back Questions - by Question Bank Software View & Read

  • 1)

    From the following particulars prepare a bank reconciliation statement of Jayakumar as on 31st December, 2016.
    (a) Balance as per cash book Rs. 7,130.
    (b) Cheque deposited but not cleared Rs. 1,000
    (c) A customer has deposited Rs. 800 into the bank directly.

  • 2)

    From the following information, prepare bank reconciliation statement to find out the bank statement balance as on 31st December, 2017.

    Particulars Rs
    1. Balance as per cash book 15,000
    2. Cheques deposited but not yet credited 1,000
    3. Cheques issued and entered in the cash book before 31st December 2017 but not presented for payment until that date 1,500
    4. Dividend directly received by bank 200
    5. Direct payment made by bank for rent 1,000
    6. Locker rent charged by the bank not recorded in cash book 1,200
    7. Wrong debit given by the bank on 30th December 2017 500
    8. A payment made through net banking has been entered twice in the cash book 300
  • 3)

    From the following particulars of Siva and Company, prepare a bank reconciliation statement as on 31st December, 2017.
    (a) Credit balance as per cash book Rs. 12,000.
    (b) A cheque of Rs. 1,200 issued and presented for payment to the bank, wrongly credited in the cash book as Rs. 2,100. 
    (c) Debit side of bank statement was undercast by Rs.100.

  • 4)

    From the following information, prepare bank reconciliation statement as on 31st December, 2017 to find out the balance as per bank statement.

    Particulars Rs
    (i) Bank overdraft as per cash book 20,000
    (ii) Cheques deposited but not yet credited 4,000
    (iii) Cheque issued but not yet presented for payment 1,000
    (iv) Rent collected by the bank as per standing instruction 500
    (v) Interest on overdraft debited by bank 2,000
    (vi) Amount wrongly debited by bank 300
    (vii) Cheque issued on 30th December 2017 dishonoured by the bank 5,000
    (viii) A customer's cheque deposited in the bank dishonoured by bank not recorded in the book 2,000
  • 5)

    From the following particulars of Veera traders, prepare a bank reconciliation statement as on 31st December, 2017
    a) Credit balance as per bank statement Rs. 6,000
    b) Amount received by bank through NEFT for Rs. 3,500, entered twice in the cash book.
    c) Cheque dishonoured amounting to Rs. 2,500, not entered in cash book.

11th Standard English Medium Accountancy Subject Rectification of Errors Book Back 5 Mark Questions with Solution Part - I updated Book back Questions - by Question Bank Software View & Read

  • 1)

    The following errors were located after the preparation of the trial balance. Rectify them.
    (a) Paid Rs. 50 to Anitha was wrongly debited to Vanitha account.
    (b) Sale of furniture for Rs. 500 was credited to sales account.
    (c) Purchased goods from Natarajan on credit for Rs. 750 were wrongly passed through sales book.
    (d) Wages Rs. 1,000 paid on erection of machinery was debited to wages account.

  • 2)

    A book-keeper finds that the debit column of the trial balance is short by Rs.308 and the difference is put to a suspense account. Subsequently, the following errors were located.
    (a) An entry for sale of goods on credit for Rs.102 to Mekala was posted to her account as Rs.120.
    (b) Rs.100 being the monthly total of discount allowed to customers was credited to discount received account in the ledger.
    (c) Rs.275 paid by Mannan was credited to Kannan account.
    (d) Rs. 26 appearing in the cash book as paid for the purchase of stationery for office use has not been posted to ledger.
    (e) The purchases book was undercast by Rs.100.
    Rectify the errors and prepare suspense account.

  • 3)

    The following errors were located by the accountant before preparation of trial balance. Rectify them.
    (a) The total of the discount column of Rs.1,100 on the debit side of the cash book was not yet posted.
    (b) The total of the discount column on the credit side of the cash book was undercast by Rs.500.
    (c) Purchased goods from Anbuchelvan on credit for Rs.700 was posted to the debit side of his account.
    (d) Sale of goods to Ponmukil on credit for Rs.78 was posted to her account as Rs.87.
    (e) The total of sales returns book of Rs.550 was posted twice.

  • 4)

    Rectify the following errors which were located before preparing the trial balance.
    (a) Wages paid Rs. 2,000 for the erection of machinery was debited to wages account.
    (b) Sales returns book was short totalled by Rs.1,000.
    (c) Goods purchased for Rs. 200 was posted as Rs. 2,000 to purchases account.
    (d) The sales book was overcast by Rs.1,500.
    (e) Cash paid to Mukil Rs. 2,800 which was debited to Akhil’s account as Rs. 2,000

  • 5)

    The following errors were located at the time of preparing trial balance. Rectify them.
    (a) A personal expense of the proprietor Rs. 200 was debited to travelling expenses account.
    (b) Goods of Rs.400 purchased from Ramesh on credit was wrongly credited to Ganesh’s account.
    (c) An amount of Rs.500 paid as salaries to Mathi was debited to his personal account.
    (d) An amount of Rs.2,700 paid for extension of the building was debited to repairs account.
    (e) A credit sale of goods of Rs.700 on credit to Mekala was posted to Krishnan’s account.

11th Standard English Medium Accountancy Subject Rectification of Errors Book Back 5 Mark Questions with Solution Part - II updated Book back Questions - by Question Bank Software View & Read

  • 1)

    Pass journal entries to rectify the following errors located after the preparation of the trial balance. Assume that there exists a suspense account.
    (a) The total of sales book was undercast by Rs. 2,000.
    (b) The purchase of machinery for Rs. 3,000 was entered in the purchases book.
    (c) A credit sale of goods for Rs. 450 to Mathi was posted in his account as Rs. 540.
    (d) The purchases returns book was overcast by Rs. 200.
    (e) The total of sales book Rs. 1,122 were wrongly posted in the ledger as Rs. 1,222.

  • 2)

    The accountant of a firm located the following errors before preparing the trial balance. Rectify them.
    (a) Machinery purchased for Rs.3,000 was debited to purchases account.
    (b) Interest received Rs.200 was credited to commission account.
    (c) An amount of Rs.1,000 paid to Tamilselvan as salary was debited to his personal account.
    (d) Old furniture sold for Rs.300 was credited to sales account.
    (e) Goods worth Rs.800 purchased from Soundarapandian on credit was not recorded in the books of accounts.

  • 3)

    Rectify the following errors which were located at the time of preparing the trial balance:
    (a) The total of the discount column on the debit side of the cash book of Rs.225 was posted twice.
    (b) Goods of the value of Rs.75 returned by Ponnarasan was not posted to his account.
    (c) Cash received from Yazhini Rs.1,000 was not posted.
    (d) Interest received Rs.300 has not been posted.
    (e) Rent paid Rs.100 was posted to rent account as Rs.10.

  • 4)

    Rectify the following journal entries

      Particulars   L.F. Dr. Rs Cr. Rs
    a Kumanan A/c Dr   10,000  
      To Cash A/c       10,000
      (Salary paid to Kumanan)        
    b Senguttuvan A/c Dr   6,000  
      To Cash A/c       6,000
      (Rent paid to Senguttuvan)        
    c Cash A/c Dr   2,000  
      To Sales A/c       2,000
      (Furniture sold for cash)        
    d Cash A/c Dr   10,000  
      To Kumararaja A/c       10,000
      (Goods sold to Kumararaja for cash)        
    e Manimaran A/c Dr   1,000  
      To Purchases A/c       1,000
      (Goods taken by the proprietor Mr. Manimaran for his personal use)        
  • 5)

    The book-keeper of a firm found that the trial balance was out by Rs.922 (excess credit). He placed the amount in the suspense account and subsequently found the following errors:
    (a) The total of discount column on the credit side of the cash book Rs.78 was not posted in the ledger.
    (b) The total of purchases book was short by Rs.1,000.
    (c) A credit sale of goods to Natarajan for Rs.375 was entered in the sales book as Rs.735.
    (d) A credit sale of goods to Mekala for Rs.700 was entered in the purchases book.
    You are required to give rectification entries and prepare suspense account.

11th Standard English Medium Accountancy Subject Depreciation Accounting Book Back 5 Mark Questions with Solution Part - I updated Book back Questions - by Question Bank Software View & Read

  • 1)

    From the following particulars, give journal entries for 2 years and prepare machinery account under straight line method of providing depreciation:
    Machinery was purchased on 1.1.2016
    Price of the machine Rs. 36,000
    Freight charges Rs. 2,500
    Installation charges Rs. 1,500
    Life of the machine 5 years

  • 2)

    A manufacturing company purchased on 1 April, 2010, a plant and machinery for Rs. 4,50,000 and spent Rs. 50,000 on its installation. After having used it for three years, it was sold for Rs. 3,85,000. Depreciation is to be provided every year at the rate of 15% per annum on the fixed instalment method. Accounts are closed on 31st March every year. Calculate profit or loss on sale of machinery.

  • 3)

    On 1st April 2008, Sudha and Company purchased machinery for Rs. 64,000. To instal the machinery expenses incurred was Rs. 28,000. Depreciate machinery 10% p.a. under straight line method. On 30th June, 2010 the worn out machinery was sold for Rs. 52,000. The books are closed on 31st December every year. Show machinery account.

  • 4)

    Ragul purchased machinery on April 1, 2014 for Rs. 2,00,000. On 1st October 2015, a new machine costing Rs. 1,20,000 was purchased. On 30th September 2016, the machinery purchased on April 1, 2014 was sold for Rs. 1,20,000. Books of accounts are closed on 31st March and depreciation is to be provided at 10% ap.a. on straight line method. Prepare machinery account and depreciation account for the years 2014-15 to 2016-17:

  • 5)

    A firm purchased a machine for Rs. 1,00,000 on 1-7-2015. Depreciation is written off at 20% on reducing balance method. The firm closes its books on 31st December each year. Show the machinery account upto 31-12-2017.

11th Standard English Medium Accountancy Subject Depreciation Accounting Book Back 5 Mark Questions with Solution Part - II updated Book back Questions - by Question Bank Software View & Read

  • 1)

    On 1st January 2015, a second hand machine was purchased for Rs. 58,000 and Rs. 2,000 was spent on its repairs. On 1st July 2017, it was sold for Rs. 28,600. Prepare the machinery account for the years 2011 to 2013 under written down value method by assuming the rate of depreciation as 10% p.a. and the accounts are closed on 31st December every year.

  • 2)

    Raj & Co purchased a machine on 1st January 2014 for Rs. 90,000. On 1st July 2014, they purchased another machine for Rs. 60,000. On 1st January 2015, they sold the machine purchased on 1st January 2014 for Rs. 40,000. It was decided that the machine be depreciated at 10% per annum on diminishing balance method. Accounts are closed on 31st December every year. Show the machinery account for the years 2014 and 2015.

  • 3)

    Ramu Brothers purchased a machine on 1st July 2016 at a cost of Rs.14,000 and spent Rs.1,000 on its installation. The firm writes off depreciation at 10% of original cost every year. The books are closed on 31st December every year. Give journal entries and prepare machinery account and depreciation account for 2 years

  • 4)

    Anand bought a machinery for Rs.1,00,000 on 1-1-2015. On 1-6-2016, he bought another machine for Rs.50,000. On 1-10-2017, he purchased another machine for Rs.20,000. Provide depreciation at 10% p.a. on straight line method. Prepare machinery account for the years 2015 to 2017 by using accounts by assuming accounts are closed on 31st December every year.

  • 5)

    A Ltd., purchased a machine on 1st January 2014 for Rs. 60,000. On 1st July 2014, it purchased another machine for Rs. 50,000. On 1st July 2015, the company sold the machine purchased on 1st January 2014 for Rs. 40,000. It was decided that the machine be depreciated at 10% per annum on diminishing balance method. Show the machinery account for the years 2014 to 2016. The accounts are closed on December 31st, every year.

11th Standard English Medium Accountancy Subject Creative 1 Mark Questions with Solution Part - I updated Creative Questions - by Question Bank Software View & Read

  • 1)

    ____________of a business have to be repaid in due time.

  • 2)

    ___________ involves recording business transactions of financial nature in the books of accounts.

  • 3)

    _______ is prepared in duplicate and the original is sent to the seller.

  • 4)

    The column of ledger which links the entry with Journal is _________________

  • 5)

    ____________ method is not commonly used as it cannot help in the preparation of financial statements.

11th Standard English Medium Accountancy Subject Capital and Revenue Transactions Book Back 5 Mark Questions with Solution Part - I updated Book back Questions - by Question Bank Software View & Read

  • 1)

    State whether the following expenditures are capital, revenue or deferred revenue.
    i) Advertising expenditure, the benefits of which will last for three years.
    ii) Registration fees paid at the time of registration of a building.
    iii) Expenditure incurred on repairs and whitewashing at the time of purchase of an old building in order to make it usable.

  • 2)

    Classify the following items into capital and revenue.
    i) Registration expenses incurred for the purchase of land.
    ii) Repairing charges paid for remodelling the old building purchased.
    iii) Carriage paid on goods purchased.
    iv) Legal expenses paid for raising of loans

  • 3)

    Classify the following items into capital and revenue.
    i) Rs.50,000 spent for railway siding.
    ii) Loss on sale of old furniture. 
    iii) Carriage paid on goods sold.

  • 4)

    Classify the following receipts into capital and revenue.
    i) Sale proceeds of goods Rs.75,000.
    ii) Loan borrowed from bank Rs.2,50,000
    iii) Sale of investment Rs.1,20,000.
    iv) Commission received Rs.30,000.
    v) Rs.1,400 wages paid in connection with the erection of new machinery.

  • 5)

    Identify the following items into capital or revenue.
    i) Audit fees paid  Rs.10,000.
    ii) Labour welfare expenses Rs.5,000.
    iii) Rs.2,000 paid for servicing the company vehicle.
    iv) Repair to furniture purchased second hand Rs.3,000.
    v) Rent paid for the factory Rs.12,000

11th Standard English Medium Accountancy Subject Creative 1 Mark Questions with Solution Part - II updated Creative Questions - by Question Bank Software View & Read

  • 1)

    Which of the following will affect the agreement of a trial balance?

  • 2)

    ________means signing on the face or back of a bill for the purpose of transferring the title of the bill to another person.

  • 3)

    Cash book always shows_________.

  • 4)

    If any amount is directly deposited into the bank then__________.

  • 5)

    Suspense account is usually closed when ______.

11th Standard English Medium Accountancy Subject Final Accounts of Sole Proprietors - I Book Back 5 Mark Questions with Solution Part - I updated Book back Questions - by Question Bank Software View & Read

  • 1)

    From the following particulars, prepare profit and loss account for the year ended 31st December 2017.

     Particulars   Rs   Particulars   Rs 
      Gross profit          21,05,000   Discount allowed      30,000
      Trade expenses    20,000   Office lighting 19,800
      Carriage on sales     1,00,000   Commission received    14,400
      Office salaries 2,38,000   Interest on loan 22,000
      Postage (office) 2,200   Stationery (office) 14,000
      Legal charges 4,000   Export duty (on sales)    23,000
      Audit fees 16,000   Miscellaneous receipts     5,000
      Donation given 11,000   Travelling expenses related to sales    66,000
      Sundry expenses 3,600   Selling expenses 53,200
  • 2)

    From the following trial balance of Sharan, prepare trading and profit and loss account for the year ending 31st December 2017 and balance sheet as on that date. The closing stock on 31st December 2017 was valued at Rs. 2,50,000.

     Debit Balances   Rs.  Credit Balances   Rs. 
      Stock (1-1-2017)        2,00,000   Sundry creditors        12,000
      Purchases 7,50,000   Purchases returns     30,000
      Carriage inwards  75,000   Sales   10,20,000
      Wages 3,65,000   Commission received    53,000
      Salaries 1,20,000   Capital 33,00,000
      Repairs 12,000    
      Rent and taxes 2,80,000    
      Cash in hand 97,000    
      Land 21,50,000    
      Drawings 1,66,000    
      Bank deposits 2,00,000    
      44,15,000   44,15,000
  • 3)

    From the following information, prepare profit and loss account for the year ending 31st December 2016.

     Particulars   Rs   Particulars   Rs 
      Gross loss     60,000   Printing and stationery (office)      2,000
      Promotional expenses    5,000   Legal charges 5,000
      Distribution expenses       15,000   Bad debts 1,000
      Commission paid 7,000   Depreciation 2,000
      Interest on loan paid 5,000   Rent received 4,000
      Packing charges (on sales)    4,000   Loss by fire not covered by insurance    3,000
      Dividend received 3,000     
  • 4)

    From the following balances extracted from the books of a trader, ascertain gross profit and net profit for the year ended March 31, 2017.

     Particulars   Rs   Particulars   Rs 
      Sales      72,250   Purchases    32,250
      Opening stock    7,600   Sales returns    1,250
      Purchases returns    250   Rent 300
      Stationery and printing (office)    250   Salaries 3,000
      Miscellaneous expenses 200   Travelling expenses (on sales)    1,800
      Advertisement 500   Commission paid 150
      General expenses 2,500   Office Expenses 1,600
      Dividend received 2,500   Wages 2,600
      Loss on sale of old furniture   300   Profit on sale of investments 500
  • 5)

    From the Trial balance, given by Saif, prepare final accounts for the year ended 31st March 2018 in his books.

     Debit Balances   Rs   Credit Balances   Rs 
      Land     40,000   Purchases returns         15,000
      Opening stock      40,000   Bill payable 7,000
      Machinery 66,000   Capital 1,50,000
      Purchases 1,30,000   Sales 2,20,000
      Wages 35,000   Creditors 60,000
      Interest paid 13,000    
      Cash 2,300     
      Debtors   80,000    
      Bill receivable 15,000    
      Office rent paid 12,700    
      Furniture 3,000    
      Drawings 5,000     
      Sales returns 10,000    
      4,52,000   4,52,000

    Closing stock (31-12-2017) Rs. 14,500.

11th Standard English Medium Accountancy Subject Creative 2 Mark Questions with Solution Part - I updated Creative Questions - by Question Bank Software View & Read

  • 1)

    What is sales?

  • 2)

    What do you mean by Accounting Cycle

  • 3)

    How are Personal Accounts classified?

  • 4)

    What is meant by opening entry?

  • 5)

    Prepare a correct trial balance from the following trial balance in which there are certain mistakes.

    S.No Name of account L.F. Debit Balance
    Rs
    Credit Balance
    Rs
    1. Sales   1,75,000  
    2. Closing Stock     1,50,000
    3. Debtors     30,000
    4. Creditors     15,000
    5. Fixed Assets   25,000  
    6. Expenses     30,000
    7. Capital   45,000  

11th Standard English Medium Accountancy Subject Final Accounts of Sole Proprietors - I Book Back 5 Mark Questions with Solution Part - I updated Book back Questions - by Question Bank Software View & Read

  • 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.

11th Standard English Medium Accountancy Subject Creative 2 Mark Questions with Solution Part - II updated Creative Questions - by Question Bank Software View & Read

  • 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.

11th Standard English Medium Accountancy Subject Final Accounts of Sole Proprietors - II Book Back 5 Mark Questions with Solution Part - I updated Book back Questions - by Question Bank Software View & Read

  • 1)

    From the following particulars presented by Thilak for the year ended 31st March 2017, prepare profit and loss account.

     Particulars   Rs.   Particulars   Rs. 
      Gross profit        1,00,000   Interest received       6,000
      Rent paid 22,000   Bad debts 2,000
      Salaries 10,000   Provision for bad debts (1-4-2016)    4,000
      Commission (Cr.)  12,000   Sundry debtors 40,000
      Discount received    2,000   Buildings     80,000
      Insurance premium paid    8,000    

    Adjustments:
    (a) Outstanding salaries amounted to Rs. 4,000
    (b) Rent paid for 11 months
    (c) Interest due but not received amounted to Rs. 2,000
    (d) Prepaid insurance amounted to Rs. 2,000
    (e) Depreciate buildings by 10%
    (f) Further bad debts amounted to Rs. 3,000 and make a provision for bad debts @ 5% on sundry debtors
    (g) Commission received in advance amounted to Rs. 2,000.

  • 2)

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

     Particulars   Rs.   Particulars   Rs. 
      Stock on 01.01.2016        9,000   Bad debts    1,200
      Purchases  22,000   Sundry expenses    1,800
      Sales 42,000   Discount allowed 1,700
      Expenses on purchases   1,500   Expenses on sale 1,000
      Bank charges paid 3,500   Repairs on office furniture    600

    Adjustments:
    a) Closing stock on, 31st December, 2016 was Rs. 4,500
    b) Manager is entitled to receive commission @ 5% of net profit after providing such commission.

  • 3)

    Given below are the balances extracted from the books of Nagarajan as on 31st March, 2016.

    Particulars Rs. Particulars Rs.
    Purchases 10,000 Sales 15,100
    Wages 600 Commission received 1,900
    Freight inwards 750 Rent received 600
    Advertisement 500 Creditors 2,400
    Carriage outwards 400 Capital 5,000
    Cash 1,200    
    Machinery 8,000    
    Debtors 2,250    
    Bills receivable 300    
    Stock on 1st January, 2016 1,000    
      25,000   25,000

    Prepare the trading and profit and loss account for the year ended 31st March, 2016 and the balance sheet as on that date after adjusting the following:
    (a) Commission received in advance Rs. 400
    (b) Advertisement paid in advance Rs. 150
    (c) Wages outstanding Rs. 200
    (d) Closing stock on 31st March 2016, Rs. 2,100

  • 4)

    Consider the following balances extracted from the books of Jain as on 31st December, 2016. Prepare the final accounts.

    Particulars Rs. Particulars Rs.
    Capital 20,000 Office Salaries 6,600
    Debtors 8,000 Establishment expenses 4,500
    Creditors 10,500 Selling expenses 2,300
    Purchases 60,000 Furniture 10,000
    Sales 80,000 Cash at bank 2,400
    Income tax of Jain paid 500 Miscellaneous receipts 600
    Opening stock 12,000 Drawings 4,800

    Adjustments :
    (a) Salaries outstanding for December, 2016 amounted to Rs. 600
    (b) Provide depreciation on furniture @ 10% p.a.
    (c) Provide interest on capital for the year @ 5% p.a.
    (d) Stock on 31st December, 2016 Rs. 14,000

  • 5)

    From the trial balance of Ajith and the adjustments given below, prepare trading and profit and loss A/c for the year ended 31st March, 2016 and the balance sheet as on that date.

     Particulars   Debit Rs.   Particulars   Credit Rs. 
      Opening stock       15,000   Capital    25,000
      Furniture and fixtures   30,000   Returns outward   1,000
      Purchases 40,000   Bills payable 10,000
      Sales returns 2,000   Sales   1,24,000
      Carriage inwards 10,000   Provision for doubtful debts     500
      Office rent 23,000   Provision for discount on debtors    100
      Sundry debtors 20,100    
      Bank balance 19,600    
      Bad debts 900    
      1,60,600   1,60,600

    Adjustments:
    (a) Stock at the end of the year was Rs. 8,000
    (b) Further bad debts amounted to Rs. 100
    (c) Create 2% provision for doubtful debts on sundry debtors
    (d) Create 1% provision for discount on sundry debtors.

11th Standard English Medium Accountancy Subject Creative 3 Mark Questions with Solution Part - I updated Creative Questions - by Question Bank Software View & Read

  • 1)

    Write short notes on
    a) Income
    b) Expense
    C) Revenue

  • 2)

    Explain the Process of Accounting cycle.

  • 3)

    State the different approaches in recording business transactions.

  • 4)

    'Ledger is a principal Book of a Business' - Explain.

  • 5)

    From the following balances extracted from the books of Mr Kannan at trader on automobiles, prepare trial balance as on 31st March 2017.

       Rs    Rs
     Cash ih hand   5,500   Direct expenses   5,000
     Discount received   300   Carriage outwards 3,500
     Creditors  15,000   Capital  45,000
     Buildings 50,000   Purchases 49,700
     Opening stock 6,000   Sales 59,000

11th Standard English Medium Accountancy Subject Final Accounts of Sole Proprietors - II Book Back 5 Mark Questions with Solution Part - II updated Book back Questions - by Question Bank Software View & Read

  • 1)

    Abstracts from the trial balance as on 31st March, 2016:

    Particulars Debit Rs.
    Sundry debtors 52,000
    Bad debts 1,000

    Adjustments:
    (i) Additional bad debts Rs. 2,000
    (ii) Create 5% provision for bad and doubtful debts
    You are required to pass necessary adjusting entries and show how these items will appear in final accounts.

  • 2)

    Abstracts from the trial balance as on 31st December, 2016:

     Particulars   Debit Rs.   Credit Rs. 
      Sundry debtors       1,04,000  
      Bad debts 5,000  
      Provision for bad and doubtful debts      2,000

    Adjustments:
    (i) Additional bad debts amounted to Rs. 4,000.
    (ii) Create a provision for bad and doubtful debts @ 5% on sundry debtors.
    Pass necessary adjusting entries and show how the different items appear in final accounts.

  • 3)

    Prepare trading account from the following ledger balances presented by P. Sen as on 31st March 2016.

     Particulars   Rs.   Particulars   Rs. 
      Stock (1-4-2015)       10,000   Sales     3,00,000
      Purchases   1,60,000   Returns inward    16,000
      Wages 30,000   Returns outward    10,000
      Carriage inwards    10,000   Gas and Fuel 8,000
      Freight inwards 8,000    

    Additional information:
    (a) Stock on 31st March, 2016 Rs. 20,000
    (b) Outstanding wages amounted to Rs. 4,000
    (c) Gas and fuel was paid in advance for Rs. 1,000.

  • 4)

    From the following balances as on 31st December, 2017, prepare profit and loss account.

     Particulars   Rs   Particulars   Rs 
      Gross profit       50,000   Rent received       2,000
      Salaries 18,000   Discount received    3,000
      Office rent paid    12,000   Carriage outwards 2,500
      Advertisement 8,000   Fire insurance premium   6,500

    Adjustments:
    (a) Rent accrued but not yet received Rs. 500
    (b) Fire insurance premium prepaid to the extent of Rs. 1,500
    (c) Provide manager’s commission at 10% on profits before charging such commission.

  • 5)

    The following balances were extracted from the books of Thomas as on 31st March, 2018

    Particulars Rs. Particulars Rs.
    Purchases 75,000 Capital 60,000
    Returns inward 2,000 Creditors 30,000
    Opening stock 10,000 Sales 1,20,000
    Freight inwards 4,000 Returns outward 1,000
    Wages 2,000    
    Investments 10,000    
    Bank charges 1,000    
    Land 30,000    
    Machinery 30,000    
    Building 25,000    
    Cash at bank 18,000    
    Cash in hand 4,000    
      2,11,000   2,11,000

    Additional information:
    (a) Closing stock Rs. 9,000
    (b) Provide depreciation @ 10% on machinery
    (c) Interest accrued on investment Rs. 2,000
    Prepare trading account, profit and loss account and balance sheet.

11th Standard English Medium Accountancy Subject Creative 3 Mark Questions with Solution Part - II updated Creative Questions - by Question Bank Software View & Read

  • 1)

    Explain the need for preparing trial balance.

  • 2)

    Explain the purposes of various subsidiary books.

  • 3)

    When his business becomes large, what other books will he be maintaining?

  • 4)

    Ram enterprises received a bank statement on 31st March, 2018, which showed a credit Rs balance of Rs. 13,500. On the same date, the balance as per cash book was Rs. 11,000.
    Think of minimum five possible causes of difference [with amount] between these two balances.

      Particulars. Amount Rs
    (i) Credit balance as per bank statement 13,500
    (ii) Bank charges not recorded in cash book 500
    (iii) Cheques deposited but not collected 2,600
    (iv) Insurance premium paid by bank 400
    (v) Cheques issued but not yet provided for payment 6000
  • 5)

    Pass the journal entries rectifying the following errors:
    (i) Purchases of office furniture of Rs. 10,000 was recorded in Purchases book.
    (ii) Office rent of Rs. 15,000 was debited to the personal account of the landlord.
    (iii) Old machine was sold for Rs. 5,000 was credited to Sales account.

11th Standard English Medium Accountancy Subject Computerised Accounting Book Back 5 Mark Questions with Solution Part - I updated Book back Questions - by Question Bank Software View & Read

  • 1)

    From the data given below
    i) Fill the address in B3 using CONCATENATE Function.
    ii) Change KAMARAJAR SALAI given in C2 as lower case in C3
    iii) Change Chennai given in D2 as upper case in D3

      A B C D E
    1 NAME HOUSE NO. STREET PLACE PINCODE
    2 ANAND 123 KAMARAJAR SALAI Chennai 600018
  • 2)

    Sara Ltd., sells goods on credit basis. Their policy is to charge interest @ 2% p.a., for the period of default. From the following data, find out the amount to be collected from each customer. Assume 365 days in the year.

    Customer Sales Date of Sales Period of Credit
    (days)
    Date of
    Settlement
    M 25,000 10-04-2016 60 05-07-2016
    N 14,000 28-05-2016 30 25-07-2016
    P 28,000 14-07-2016 45 25-08-2016
    R 54,000 03-08-2016 90 02-01-2017
  • 3)

    Prepare payroll of the following employees.

      A B
    1 Name Basic pay(Rs.)
    2 Sasi 8000
    3 Hari 10000
    4 Karthi 6500
    5 Viji 12000
    6 Soni 9000

    Additional information:
    a. DA: 125% of basic pay
    b. HRA: Rs.4,000 for employees basic pay greater than Rs.8,000, for others Rs.2,500.
    c. PF Contribution: 12% of basic pay and DA
    d. TDS: 10% for Gross pay greater than Rs.25,000, otherwise NIL.

  • 4)

    The total sales volume (Product wise) of TECH Ltd for the year 2016-2017 is given below:

    Product Sales
    Toothpaste 22000
    Toothbrush 11000
    Hair Oil 9000
    Shampoo 13000
    Toilet Soap 9500

    a) Present the data in a column chart
    b) Change the chart type to line chart.

  • 5)

    Sales volume of Moon Ltd during 2017 is given below.
    Draw Pie chart

      A B C D E F G
    1 CITY Chennai Coimbatore Madurai Trichy Tanjore Tirunelveli
    2   SALES
    (Rs in lakhs)
    500 350 250 250 200 150

11th Standard English Medium Accountancy Subject Creative 5 Mark Questions with Solution Part - I updated Creative Questions - by Question Bank Software View & Read

  • 1)

    Explain the Accounting cycle

  • 2)

    What do you mean by accounting concepts? Explain any five concepts.

  • 3)

    Pass Journal Entries in the books of Ragu from the following transactions:

    2016 June  
    1 Ragu started business with cash Rs.80,000; goods Rs.40,000 and furniture Rs.20,000.
    2 Sold goods to Nandu of the list price of Rs.20,000 at trade discount of 10%.
    3 Nandu returned goods on the list price of Rs.4,000
    8 Received from Nandu Rs.14,150 in full settlement in his account
    10 Purchased goods from Mohan of the list price of Rs.10,000 at 15% Trade discount.
    13 Returned goods to Mohan of the list price Rs.1,000
    16 Settled his account of Mohan by paying cash, under discount of 4%.
    18 Purchased goods from Ajay Rs.5,000; Sanjay Rs.10,000.
    19 Paid Cash to Ajay Rs.1,900 and discount received Rs.100.
    20 Paid 9,800 to Sanjay in full settlement of his account
    20 Bought a 'Table Fan' for Rs1,200 for the domestic use of Raghu.
    25 Sold goods for cash of the list price of Rs.8,000 at 10%, Trade Discount and 3% cash Discount
    30 Paid Rent Rs.800; Trade expenses Rs.700 and Travelling expenses Rs. 380.
  • 4)

    Journalise the following transactions in Tmt. Rani's Journal and post them to ledger.

    2003 Sep   Rs
    1 Tmt. Rani started business with 3,00,000
    5 Opened a current account with Indian Overseas Bank 50,000
    12 Bought goods from Tmt. Sumathi 90,000
    18 Paid to Tmt. Sumathi 90,000
    20 Sold goods to Tmt. Chitra 1,26,000
    28 Tmt. Chitra settled her accounts  
  • 5)

    Prepare trial balance as on 31.12.2017 from the following balances of Mr Balakrishnan.

       Rs     Rs
     Capital     2,00,000   Repairs     2,400
     Drawings   18,000   Office lighting   2,600
     Furniture 64,500   Printing and Stationery   2,700
     Stock at the beginning   62,050   Bank loan 17,500
     Bills receivable 7,500   Computer   30,000
     Bills payable 8,750   Debtors 46,500
     Purchases 88,100   Cash in hand 17,000
     Sales 1,35,450   Cash at bank 27,250
     Discount allowed 7,100   General expenses 7,100
     Discount received 3,500   Creditors 17,600

11th Standard English Medium Accountancy Subject Book Back 1 Mark Questions with Solution Part - I updated Book back Questions - by Question Bank Software View & Read

  • 1)

    Which one of the following is not a main objective of Accounting?

  • 2)

    The concept which assumes that a business will last indefinitely is

  • 3)

    'Cash withdrawn by the proprietor from the business for his personal use' causes

  • 4)

    The process of transferring the debit and credit items from journal to ledger accounts is called 

  • 5)

    After the preparation of ledger, the next step is the preparation of

11th Standard English Medium Accountancy Subject Creative 5 Mark Questions with Solution Part - II updated Creative Questions - by Question Bank Software View & Read

  • 1)

    Enter the following transactions in proper subsidiary books.

        Rs.
    2013,
    March1
    Purchased goods from Balaraman 2,000
    2 Sold goods to Senthil 1,000
    3 Goods purchased from Durai 1,000
    5 Sold goods to Saravanan 700
    8 Sold goods to Senthil 500
    10 Purchased goods from Elangovan 600
    14 Purchased goods from Parthiban 300
    20 Sold goods to Sukumar 600
  • 2)

    Prepare the analytical petty cash book of Mrs. Mala from the following:

    2012, December  Rs.
    1. Cash in hand Rs.435 and Received from cashier 1,065
    4. Bought postage stamps  75
    7 Paid for stationery  135
    8 Paid to Manimaran on account  475
    13 Tea to sales agents  25
    20 Bought ink & paper 43
    21 Paid for carriage 45
    24 Sent a telegram to Madurai  25
    26 Paid for stationery 120
    29 Paid for registered post  50
  • 3)

    On 31st December 2013 the pass book of Ms.Chandrika shows a credit balance of Rs. 3,357. The cheques sent to the bank but not collected and credited amounted to Rs. 790 and three cheques drawn for Rs. 300, Rs. 150 and Rs. 200 respectively were not presented for payment till 31st January 2014.
    Bank has paid a bill payable amounting to Rs. 1,000 but it has not been entered in the cash book and a bill receivable of Rs. 500 which was discounted with the bank was dishonored by the drawer on due date.
    The Bank has charged Rs. 12 as its commission for collecting outstation cheques and has allowed interest Rs. 10 on the trader's balance.
    Prepare a Bank Reconciliation statement and show the balance as per cash book.

  • 4)

    On 31st December, 2013 the cash book of Ms. Vijayalakshmi showed an overdraft of Rs. 56,700. From the following particulars prepare the bank reconciliation statement and find out the balance as per pass book.
    (a) Cheque drawn but not casbed before 31st December, 2013 amounted to Rs. 39,460.
    (b) Cheque paid into bank but not cleared before 31st December, 2013 amounted to Rs. 48,910.
    (c) A bill receivable for Rs. 5,200 previously discounted with bank bad been dishonoured and debited in the pass book.
    (d) Debit is also made in the pass book for Rs. 1,200 on account of interest on overdues and Rs. 550 on account of charges for collecting the bills and cheques.
    (e) Bank has collected interest on investment and credited Rs. 7,600 on the pass book.

  • 5)

    Rectify the following Journal Entries.

      Particulars   Rs Rs
    (i) Purchases A/c Dr. 5,000  
           To Cash A/c     5,000
      (Purchase of furniture)      
    (ii) Anbu A/c Dr. 10,000  
            To Cash A/c     10,000
      (Salary paid to Anbu)      
    (iii) Raju A/c Dr. 3,000  
           To Cash A/c     3,000
      (Rent paid)      
    (iv) Sales A/c Dr. 10,000  
           To Cash A/c     10,000
      (Credit sale to Naresh)      
    (v) Cash A/c Dr. 15,000  
            To Babu A/c     15,000
      (Cash Sales)      

11th Standard English Medium Accountancy Subject Book Back 1 Mark Questions with Solution Part - II updated Book back Questions - by Question Bank Software View & Read

  • 1)

    Financial position of a business is ascertained on the basis of ______.

  • 2)

    The rule of stock valuation 'cost price or realisable value' whichever is lower is based on the accounting principle of :

  • 3)

    Prepaid rent is a  

  • 4)

    The process of finding the net amount from the totals of debit and credit columns in a ledger is known as

  • 5)

    A list which contains balances of accounts to know whether the debit and credit balances are matched is _______

11th Standard English Medium Accountancy Subject Book Back 2 Mark Questions with Solution Part - I updated Book back Questions - by Question Bank Software View & Read

  • 1)

    What are the steps involved in the process of accounting?

  • 2)

    What is meant by accounting concepts?

  • 3)

    What are source documents?

  • 4)

    What is a ledger?

  • 5)

    State whether the balance of each of the following accounts should be placed in the debit or the credit column of the trial balance.
    1) Sundry debtors
    2) Creditors
    3) Cash in hand
    4) Bank overdraft
    5) Salary
    6) Discount allowed
    7) Plant and machinery
    8) Furniture

11th Standard English Medium Accountancy Subject Book Back 2 Mark Questions with Solution Part - II updated Book back Questions - by Question Bank Software View & Read

  • 1)

    State whether the balance of the following accounts should be placed in the debit or the credit column of the trial balance
    (i) Carriage outwards
    (ii) Carriage inwards
    (iii) Sales
    (iv) Purchases
    (v) Bad debts
    (vi) Interest paid
    (vii) Interest received
    (viii) Discount received
    (ix) Capital
    (x) Drawings
    (xi) Sales returns
    (xii) Purchase returns

  • 2)

    What is journal proper ?

  • 3)

    What is cash book?

  • 4)

    Do you agree on the following statements? Write "yes" if you agree, and write "no" if you disagree.
    (a) Bank reconciliation statement is prepared by the banker.
    (b) Adjusting the cash book before preparing the bank reconciliation statement is compulsory.
    (c) Credit balance as per bank statement is an overdraft.
    (d) Bank charges debited by the bank increases the balance as per bank statement.
    (e) Bank reconciliation statement is prepared to identify the causes of differences between balance as per bank column of the cash book and balance as per cash column of the cash book.

  • 5)

    Give journal entries to rectify the following errors discovered after the preparation of trial balance:
    (a) Purchases book was overcast by Rs.10,000.
    (b) Repairs to furniture of Rs.500 was debited to furniture account.
    (c) A credit sale of goods to Akilnilavan for Rs.456 was credited to his account as Rs.654.

11th Standard English Medium Accountancy Subject Book Back 3 Mark Questions with Solution Part - I updated Book back Questions - by Question Bank Software View & Read

  • 1)

    Discuss in detail the importance of accounting

  • 2)

    "Only monetary transactions are recorded in accounting". Explain the statement.

  • 3)

    State the principles of double entry system of book keeping.

  • 4)

    Prepare cash account from the following transactions for the month of January 2018. (Direct Ledger Posting)

      Jan 1    Commenced business with cash Rs. 62,000  
    3    Goods purchased for cash Rs. 12,000
    10    Goods sold for cash Rs. 10,000
    12    Wages paid Rs. 4,000
    25    Furniture purchased for cash Rs. 6,000
  • 5)

    The following trial balance has certain errors. Redraft it.

     S.No   Name of account   L.F   Debit balance 
    Rs.
     Credit balance 
    Rs.
    1  Building   60,000  
    2  Machinery   17,000  
    3  Returns outward   2,600  
    4  Bad debts   2,000  
    5  Cash   400  
    6  Discount received     3,000  
    7  Bank overdraft   10,000  
    8  Creditors   50,000  
    9  Purchases   1,00,000  
    10  Capital     72,800
    11  Fixtures     5,600
    12  Sales     1,04,000
    13  Debtors     60,000
    14  Interest received     2,600
       Total   2,45,000 2,45,000

11th Standard English Medium Accountancy Subject Book Back 3 Mark Questions with Solution Part - II updated Book back Questions - by Question Bank Software View & Read

  • 1)

    State the principles of double entry system of book keeping.

  • 2)

    Show the accounting equation on the basis of the following transactions:
    i) Ramya started business with Cash   Rs.25,000
    ii) Purchases goods from Harsha   Rs.20,000
    iii) Sold goods to Amala costing Rs.18,000    Rs.25,000
    iv) Ramya withdrew from business   Rs.5,000

  • 3)

    What are the limitations of trial balance?

  • 4)

    What are the advantages of subsidiary books?

  • 5)

    Prepare bank reconciliation statement as on 31st December 2017 from the following information:
    (a) Balance as per bank statement (pass book) is Rs.25,000.
    (b) No record has been made in the cash book for a dishonour of a cheque for Rs.250.
    (c) Cheques deposited into bank amounting to Rs.3,500 were not yet collected.
    (d) Bank charges of Rs.300 have not been entered in the cash book.
    (e) Cheques issued amounting to Rs.9,000 have not been presented for payment.

11th Standard English Medium Accountancy Subject Book Back 5 Mark Questions with Solution Part - I updated Book back Questions - by Question Bank Software View & Read

  • 1)

    For the following transactions, show the effect on accounting equation.
    (a) Raj Started business with cash Rs. 40,000
    (b) Opened bank account with a deposit of Rs. 30,000
    (c) Bought goods from Hari on credit for Rs. 12,000
    (d) Raj withdrew cash for personal use Rs. 1,000
    (e) Bought furniture by using debit card for Rs. 10,000
    (f) Sold goods to Murugan and cash received Rs. 6,000
    (g) Money withdrawn from bank for office use Rs. 1,000

  • 2)

    Prepare Anand's account from the following details.

    2017 July   Rs
    1 Credit balance of Anand's A/c 4,000
    15 Amount paid to Anand 2,000
    18 Goods purchased from Anand on credit  8,000
    20 Paid to Anand 3,960
      Discount allowed by him 40
    25 Goods purchased from Anand 5,000
  • 3)

    Prepare the trial balance from the following information:

    Name of the account Rs Name of the account Rs
    Bank Loan  2,00,000 Purchases  1,80,000
    Bills Payable 1,00,000 Sales 3,00,000
    Stock 70,000 Debtors 4,00,00
    Capital 2,50,000 Bank 2,00,000
  • 4)

    Enter the following credit transactions in the purchases book of Manoharan, a Provisions Merchant.

    2017 May 2 Bought from Vasu 100 bags of rice @ Rs. 800 per bag
    May 8 Bought from Cheyyar Sugar Mills Ltd., 20 bags of sugar @ Rs. 2,600 Per bag
    May 10 Bought from Ram Flour Mill, Coimbatore, 10 bags of wheat flour @ Rs. 750 per bag
    May 15 Bought from Nilgiri Tea Co., Nilgiris, 15 cases of tea @ Rs. 900 per case
    May 25 Bought from Sairam Coffee Works Ltd., 100 kgs of Coffee @ Rs. 190 per kg
    May 29 Bought from X & Co. furniture worth Rs. 2,000
  • 5)

    Enter the following transactions in a single column cash book of Ramalingam for month of July, 2017.

      Particulars Rs
    July 1 Cash in hand 32,000
    5 Received from Keerthana 5,000
    6 Paid packing charges in cash 300
    7 Cash purchases 12,400
    8 Sold goods for cash 2,600
    10 Paid salary to manager in cash 7,000
    11 Paid to Bala 3,000
    12 Purchased goods from Bose 2,500
    24 Cash deposited into bank through CDM 4,000
    27 Withdraw cash from bank 2,000
    31 Paid office rent in cash 6,000

11th Standard English Medium Accountancy Subject Book Back 5 Mark Questions with Solution Part - II updated Book back Questions - by Question Bank Software View & Read

  • 1)

    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

  • 2)

    Show the direct ledger postings for the following transactions:

    2017 June   Rs.
    1 Raja commenced business with cash 50,000
    6 Sold goods for cash   8,000
    8 Sold goods to Devi on credit   9,000
    15 Goods purchased for cash  4,000
    20 Goods purchased from Shanthi on credit   5,000
  • 3)

    From the following balances of Rohini, prepare the trial balance as on 31.03.2018.

      Rs   Rs
    Capital 60,000 Sales 82,000
    Dlscount received 3,250 Lighting 800
    Purchases 58,000 Drawings 5,250
    Plant and machinery 40,000 Car expenses 1,200
    Advertising expenses 5,000 Motor car 35,000
  • 4)

    Prepare Purchases book and Sales book in the books of Santhosh Textiles Ltd., from the following transactions given for April 2017.

     2017 April 1   Purchased goods from Prasad, Kancheepuram on credit 
        100 meters Silk @ Rs. 450 per meter
        75 meters Velvet @ Rs. 180 per meter
     April 10   Sold goods to Rathinam, Chennai on credit
        60 meters Silk @ Rs. 490 per meter
        50 meters Velvet @ Rs. 210 per meter
    April 18   Nathan & Sons purchased from us on credit
        100 meters Silk @ Rs. 510 per meter
    April 20   Purchased goods from Hari Ram & Sons, Madurai on credit  
         50 rolls kada cloth @ Rs. 730 per roll
        80 rolls cotton cloth @ Rs. 650 per roll
    April 24   Purchased from Mohan, Karur for cash
         Shirting cloth @ Rs. 7,000
        Sarees @ Rs. 25,000
  • 5)

    Enter the following transactions in a single column cash book of Ramalingam for month of July, 2017.

      Particulars Rs
    July 1 Cash in hand 32,000
    5 Received from Keerthana 5,000
    6 Paid packing charges in cash 300
    7 Cash purchases 12,400
    8 Sold goods for cash 2,600
    10 Paid salary to manager in cash 7,000
    11 Paid to Bala 3,000
    12 Purchased goods from Bose 2,500
    24 Cash deposited into bank through CDM 4,000
    27 Withdraw cash from bank 2,000
    31 Paid office rent in cash 6,000

11th Standard English Medium Accountancy Subject Creative 5 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    Enter the following transactions in proper subsidiary books.

        Rs.
    2013,
    March1
    Purchased goods from Balaraman 2,000
    2 Sold goods to Senthil 1,000
    3 Goods purchased from Durai 1,000
    5 Sold goods to Saravanan 700
    8 Sold goods to Senthil 500
    10 Purchased goods from Elangovan 600
    14 Purchased goods from Parthiban 300
    20 Sold goods to Sukumar 600
  • 2)

    Prepare the analytical petty cash book of Mrs. Mala from the following:

    2012, December  Rs.
    1. Cash in hand Rs.435 and Received from cashier 1,065
    4. Bought postage stamps  75
    7 Paid for stationery  135
    8 Paid to Manimaran on account  475
    13 Tea to sales agents  25
    20 Bought ink & paper 43
    21 Paid for carriage 45
    24 Sent a telegram to Madurai  25
    26 Paid for stationery 120
    29 Paid for registered post  50
  • 3)

    On 31st December 2013 the pass book of Ms.Chandrika shows a credit balance of Rs. 3,357. The cheques sent to the bank but not collected and credited amounted to Rs. 790 and three cheques drawn for Rs. 300, Rs. 150 and Rs. 200 respectively were not presented for payment till 31st January 2014.
    Bank has paid a bill payable amounting to Rs. 1,000 but it has not been entered in the cash book and a bill receivable of Rs. 500 which was discounted with the bank was dishonored by the drawer on due date.
    The Bank has charged Rs. 12 as its commission for collecting outstation cheques and has allowed interest Rs. 10 on the trader's balance.
    Prepare a Bank Reconciliation statement and show the balance as per cash book.

  • 4)

    On 31st December, 2013 the cash book of Ms. Vijayalakshmi showed an overdraft of Rs. 56,700. From the following particulars prepare the bank reconciliation statement and find out the balance as per pass book.
    (a) Cheque drawn but not casbed before 31st December, 2013 amounted to Rs. 39,460.
    (b) Cheque paid into bank but not cleared before 31st December, 2013 amounted to Rs. 48,910.
    (c) A bill receivable for Rs. 5,200 previously discounted with bank bad been dishonoured and debited in the pass book.
    (d) Debit is also made in the pass book for Rs. 1,200 on account of interest on overdues and Rs. 550 on account of charges for collecting the bills and cheques.
    (e) Bank has collected interest on investment and credited Rs. 7,600 on the pass book.

  • 5)

    Rectify the following Journal Entries.

      Particulars   Rs Rs
    (i) Purchases A/c Dr. 5,000  
           To Cash A/c     5,000
      (Purchase of furniture)      
    (ii) Anbu A/c Dr. 10,000  
            To Cash A/c     10,000
      (Salary paid to Anbu)      
    (iii) Raju A/c Dr. 3,000  
           To Cash A/c     3,000
      (Rent paid)      
    (iv) Sales A/c Dr. 10,000  
           To Cash A/c     10,000
      (Credit sale to Naresh)      
    (v) Cash A/c Dr. 15,000  
            To Babu A/c     15,000
      (Cash Sales)      

11th Standard English Medium Accountancy Subject Creative 5 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    Explain the Accounting cycle

  • 2)

    What do you mean by accounting concepts? Explain any five concepts.

  • 3)

    Pass Journal Entries in the books of Ragu from the following transactions:

    2016 June  
    1 Ragu started business with cash Rs.80,000; goods Rs.40,000 and furniture Rs.20,000.
    2 Sold goods to Nandu of the list price of Rs.20,000 at trade discount of 10%.
    3 Nandu returned goods on the list price of Rs.4,000
    8 Received from Nandu Rs.14,150 in full settlement in his account
    10 Purchased goods from Mohan of the list price of Rs.10,000 at 15% Trade discount.
    13 Returned goods to Mohan of the list price Rs.1,000
    16 Settled his account of Mohan by paying cash, under discount of 4%.
    18 Purchased goods from Ajay Rs.5,000; Sanjay Rs.10,000.
    19 Paid Cash to Ajay Rs.1,900 and discount received Rs.100.
    20 Paid 9,800 to Sanjay in full settlement of his account
    20 Bought a 'Table Fan' for Rs1,200 for the domestic use of Raghu.
    25 Sold goods for cash of the list price of Rs.8,000 at 10%, Trade Discount and 3% cash Discount
    30 Paid Rent Rs.800; Trade expenses Rs.700 and Travelling expenses Rs. 380.
  • 4)

    Journalise the following transactions in Tmt. Rani's Journal and post them to ledger.

    2003 Sep   Rs
    1 Tmt. Rani started business with 3,00,000
    5 Opened a current account with Indian Overseas Bank 50,000
    12 Bought goods from Tmt. Sumathi 90,000
    18 Paid to Tmt. Sumathi 90,000
    20 Sold goods to Tmt. Chitra 1,26,000
    28 Tmt. Chitra settled her accounts  
  • 5)

    Prepare trial balance as on 31.12.2017 from the following balances of Mr Balakrishnan.

       Rs     Rs
     Capital     2,00,000   Repairs     2,400
     Drawings   18,000   Office lighting   2,600
     Furniture 64,500   Printing and Stationery   2,700
     Stock at the beginning   62,050   Bank loan 17,500
     Bills receivable 7,500   Computer   30,000
     Bills payable 8,750   Debtors 46,500
     Purchases 88,100   Cash in hand 17,000
     Sales 1,35,450   Cash at bank 27,250
     Discount allowed 7,100   General expenses 7,100
     Discount received 3,500   Creditors 17,600

11th Standard English Medium Accountancy Subject Creative 3 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    Explain the need for preparing trial balance.

  • 2)

    Explain the purposes of various subsidiary books.

  • 3)

    When his business becomes large, what other books will he be maintaining?

  • 4)

    Ram enterprises received a bank statement on 31st March, 2018, which showed a credit Rs balance of Rs. 13,500. On the same date, the balance as per cash book was Rs. 11,000.
    Think of minimum five possible causes of difference [with amount] between these two balances.

      Particulars. Amount Rs
    (i) Credit balance as per bank statement 13,500
    (ii) Bank charges not recorded in cash book 500
    (iii) Cheques deposited but not collected 2,600
    (iv) Insurance premium paid by bank 400
    (v) Cheques issued but not yet provided for payment 6000
  • 5)

    Pass the journal entries rectifying the following errors:
    (i) Purchases of office furniture of Rs. 10,000 was recorded in Purchases book.
    (ii) Office rent of Rs. 15,000 was debited to the personal account of the landlord.
    (iii) Old machine was sold for Rs. 5,000 was credited to Sales account.

11th Standard English Medium Accountancy Subject Creative 3 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    Write short notes on
    a) Income
    b) Expense
    C) Revenue

  • 2)

    Explain the Process of Accounting cycle.

  • 3)

    State the different approaches in recording business transactions.

  • 4)

    'Ledger is a principal Book of a Business' - Explain.

  • 5)

    From the following balances extracted from the books of Mr Kannan at trader on automobiles, prepare trial balance as on 31st March 2017.

       Rs    Rs
     Cash ih hand   5,500   Direct expenses   5,000
     Discount received   300   Carriage outwards 3,500
     Creditors  15,000   Capital  45,000
     Buildings 50,000   Purchases 49,700
     Opening stock 6,000   Sales 59,000

11th Standard English Medium Accountancy Subject Creative 2 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 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.

11th Standard English Medium Accountancy Subject Creative 2 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    What is sales?

  • 2)

    What do you mean by Accounting Cycle

  • 3)

    How are Personal Accounts classified?

  • 4)

    What is meant by opening entry?

  • 5)

    Prepare a correct trial balance from the following trial balance in which there are certain mistakes.

    S.No Name of account L.F. Debit Balance
    Rs
    Credit Balance
    Rs
    1. Sales   1,75,000  
    2. Closing Stock     1,50,000
    3. Debtors     30,000
    4. Creditors     15,000
    5. Fixed Assets   25,000  
    6. Expenses     30,000
    7. Capital   45,000  

11th Standard English Medium Accountancy Subject Creative 1 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    Which of the following will affect the agreement of a trial balance?

  • 2)

    ________means signing on the face or back of a bill for the purpose of transferring the title of the bill to another person.

  • 3)

    Cash book always shows_________.

  • 4)

    If any amount is directly deposited into the bank then__________.

  • 5)

    Suspense account is usually closed when ______.

11th Standard English Medium Accountancy Subject Creative 1 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    ____________of a business have to be repaid in due time.

  • 2)

    ___________ involves recording business transactions of financial nature in the books of accounts.

  • 3)

    _______ is prepared in duplicate and the original is sent to the seller.

  • 4)

    The column of ledger which links the entry with Journal is _________________

  • 5)

    ____________ method is not commonly used as it cannot help in the preparation of financial statements.

11th Standard English Medium Accountancy Subject Computerised Accounting Creative 5 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    Explain briefly the features of computerised accounting system.

  • 2)

    Discuss the various categories of accounting packages.

  • 3)

    Explain the components of computerised accounting system.

  • 4)

    Differentiate manual accounting with computerised accounting system.

  • 5)

    Compare ready-to-use, customised and tailor-made accounting pacages.

11th Standard English Medium Accountancy Subject Final Accounts of Sole Proprietors - II Creative 5 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    The Trial balance shows on 31-03-2012 Sundry debtors 1,25,000.
    Adjustments:
    (i) Bad debts to.be written off Rs. 5,000
    (it) Provide @ 5% provision for bad and doubtful debts and
    (iii) Provide @ 2% provision for Discount on debtors.
    Pass entries and show how these items will appear in the Final accounts.

  • 2)

    The following is the Trial balance extracted from the books of Mr. Mohan as on 31-12-2017. Prepare Trading and Profit and loss account and Balance sheet on 31-12-2017.

    Debit balances Amount Rs. Credit balances Amount Rs.
    Buildings 30,000 Capital 40,000
    Machinery 31,400 Purchase return 2,000
    Furniture 2,000 Sales 2,80,000
    Motor Car 16,000 Sundry creditors 9,600
    Purchases 1,88,000 Discount received 1,000
    Sales returns 1,000 Provision for bad and  
    Sundry debtors 30,000' and doubtful debts 600
    General expenses 1,600    
    Cash at bank 9,400    
    Rates and Taxes 1,200    
    Bad debts 400    
    Insurance premium 800    
    Discount allowed 1,400    
    Opening stock 20,000    
      3,33,200   3,33,200

     Adjustments:
    (i) Outstanding rates and taxes Rs.1,600
    (ii) Insurance premium prepaid Rs.200
    (iii) Maintain provision for bad and doubtful debts at 5% on debtors,
    (iv) Depreciate Motor Car by 10%. Furniture by 4% and Buildings by 3%.
    (v) Stock on 31-12-2017 Rs.20,000.

  • 3)

    From the under mentioned trial balance of Mr. Saleem as on 31-03-2018. Prepare trading and profit and loss account and balance sheet as on the date.

    Trial Balance
    Debit balances Amount Rs. Credit balances Amount Rs.
    Cash in hand 1,500 Capital 80,000
    Purchases 1,20,000 Bank loan @ 4% 20,000
    Opening stock 40,000 Bills payable 25,000
    Sundry debtors 60,000 Sundry creditors 25,000
    Plant and Machinery 50,000 Sales 2,00,000
    Furniture 20,000 Provision for bad and  
    Bills receivable 15,000 doubtful debts 1,500
    Rent and taxes 10,000 Interest 1,000
    Wages 16,000    
    Salaries 20,000    
      3,52,500   3,52,500

    Additional Information Supplied :
    (i) Closing stock Rs.50,000
    (ii) Provide for outstanding liabilities
    Rent and taxes Rs.2,000
    Wages Rs.3,000
    Salaries Rs.4,000
    (iii) Depreciation on plant and machinery @ 5% and on furniture @ 10%.
    (iv) Provide 4% interest on bank loan.
    (v) Write off bad debts Rs.2,000

  • 4)

    Trial balance of Anuradha agencies as on 31-03-2012.

    Debit balances Amount Rs. Credit balances Amount Rs.
    Drawings 1,800 Capital 80,000
    Buildings 15,000 General reserve 20,000
    Furniture & Fittings 7,500 Loan from Hari @ 6% 15,000
    Computer 25,000 Sales 1,00,000
    Interest on loan 900 Commission received 7,500
    Loose tools 6,100 Sundry creditors 10,000
    Purchases 75,000    
    Stock on 1-4-2011 25,000    
    General expenses 15,000    
    Freight inward 2,000    
    Freight outward 1,000    
    Sundry debtors 28,000    
    Bank 20,200    
    Goodwill 10,000    
      2,32,500   2,32,500

    Adjustments:
    (i) Closing stock is Rs.32,000
    (ii) Depreciate computer @ 10%; buildings @5%; furniture and fittings @ 10%
    (iii) Provide for bad and doubtful debts @ 5% and for-discount on debtors @ 2%
    (iv) Provide interest on drawings @ 6% and on capital @ 8% 
    Prepare final accounts for the said period after giving effect to the adjustments.

  • 5)

    The Balance sheet of Thapar on 1st January 2011 was as follows:

    Liabilities Amount Rs. Assets Amount Rs.
    Trade payables 15,000 Plant & Machinery 30,000
    Expenses payable 1,500 Furniture & Fixture 3,000
    Capital 50,000 Inventories 13,000
        Trade receivables 14,000
        Cash at Bank 6,500
      66,500   66,500

    During 2011, his Profit and loss account revealed a net profit of Rs.15,300. This was after allowing for the following:
    (a) Interest on Capital @ 6% p.a.
    (b) Depreciation on Plant and Machinery @ 10% and on Furniture and Fixtures @ 5%.
    (c) A provision for doubtful debts @ 5% of the trade receivables as at 3pt December 2011.
    But while preparing the Profit and loss account he had forgotten to provide for
    (1) outstanding expenses totalling Rs.1,800 and
    (2) Prepaid insurance to the extent of Rs.200.
    His current assets and liabilities on 31st December, 2011 were; Inventories Rs.14,500; Trade receivables Rs.20,000; cash at Bank Rs.10,530 and Trade payable Rs.11,400.
    During the year he withdrew Rs.6,000 for domestic use, Draw up his balance sheet at the end of the year.

11th Standard English Medium Accountancy Subject Subsidiary Books - II Creative 5 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    Enter the following Petty transactions in the Analytical Petty Cash Book of Mr. Elangovan. 2012, October
    1 Balance in hand Rs. 410 and Received from the head cashier Rs.1090
    3 Paid electricity charges Rs.335
    5 Bought stationery Rs.128
    8 Printing charges Rs.150
    9 Postage stamps purchased Rs.65
    13 Repairs to furniture Rs.125
    14 Telegram sent to suppliers Rs. 50
    15 Repairs to computer Rs.250

  • 2)

    Prepare petty cash book of Mr. Nandakumar with suitable columns and enter therein the following transactions.
    Balance the book on 10th March 2011
    2011, March 
    1 Balance in hand Rs. 158 and Received from chief cashier  Rs.592
    2 Paid for postage stamps Rs. 50
    5 Paid for stationery Rs.105
    6 Paid for carriage Rs. 65
    7 Paid for postage stamps Rs. 75 and Paid for telegrams Rs.35
    8 Paid for carriage Rs. 50
    9 Paid for stationery Rs. 78

  • 3)

    Enter the following transaction in the Three Column Cash Book of Mr. Albert.

    2012, May Rs.
    1 Cash in hand Rs.30,000 and Cash at bank 2,000
    .3 Received cheque for goods sold to Arun and banked it 1,000
    5 Paid into bank 4,000
    9 ·Paid cash to David from whom goods worth Rs.6,000 were purchased for
    credit on 1st May on term 2% cash discount within two weeks.
     
    10 Paid to Robert by cheque Rs.2,400 in full settlement of his account of 2,500
    12 Received cash from Nathan Rs.4,750. Discount allowed 250
    19 Interest allowed by bank 200
    20 Robert to whom we have issued a cheque has reported that our cheque is dishonoured.  
    22 Roshan got exchange a five hundred rupee note.  
    31 Paid into bank all cash in excess of 5,000
  • 4)

    Enter the following transactions in a petty cash book of Mr. Jack with analytical columns. The petty cashier begins with an imprest amount of Rs.1,000.

    2012, June Rs.
    4 Postage Stamps 40
    5 Travelling expenses 75
    6 Lunch expenses 150
    8 Labour charges for bringing office tables 50
    10 Repair charges to fax machine 250
    12 Postage stamps 20
    15 Cleaning the office 50
    17 Stationery purchased 175
    27 Paid to Ravi 150
  • 5)

    Prepare petty cash book on imprest system from the following particulars given below:

    2012, December Rs.
    1 Balance on hand Rs.25 and Received cheque to make the imprest 975
    2 Paid for postage 40
    4 Paid for stationery 225
    6 Paid for wages 140
    8 Paid for carriage 130
    10 Paid for travelling expenses 150
    11 Paid for telegrams expenses 50
    12 Coffee to office staff 45
    19 Taxi hire 150

11th Standard English Medium Accountancy Subject Subsidiary Books - II Creative 5 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    Prepare three column cash book of Mr. Raghavan from the following transactions and balance the cash book on 30th June 2017.

      Particulars
    2017 June 1 Cash in hand Rs. 50,000
      Bank overdraft Rs. 15,000
    3 Paid into Bank Rs. 25,000.
    5 Parthiban settled his account for Rs. 3,750, by giving a cheque for Rs. 3,690
    8 Parthiban's cheque sent to bank for collection
    10 Cash withdrawn from bank Rs. 8,000
    14 Parthiban's cheque returned dishoIioured
    15 Received from Ramesh a Currency note for Rs. 5,000 and gave him a Change for its.
    18 Paid Rent Rs. 500
    20 Bank Charges as per Pass book Rs. 150.
    30 Deposited into bank all Cash in Excess of Rs. 5,000.
  • 2)

    Enter the following transactions in the Triple column Cash book of Mr. Raja Durai.

      Particulars Rs
    2017 May 1 Cash balance 6,000
      Bank balance 4,000
    2 Withdrew from bank 2,000
    3 Abdulla directly paid into our bank account 3,000
    4 Cheque received from Daniel Rs. 5,000 sent to bank  
    7 Cheque received from Ramakrishnan for sales 8,000
    8 Received cash from Subramaniyam  2,800
      Discount allowed 200
    10 Ramakrishnan's cheque sent to bank for collection  
    14 Paid to Balu by cheque 13,900
      Discount received 100
    17 withdrew cash for personal use Rs. 1,500 and by cheque 12,500
    27 Rent paid 2,000
  • 3)

    Prepare Petty Cash book on imprest system from the following particulars:

        Particulars Rs
    2016 Sep 1 Received for petty cash payments 1,000
      4 Paid for stationery 140
      9 Paid for postage 80
      10 Paid for printing charges 150
      11 Paid for carriage 125
      17 Paid for telegrams 25
      20 Purchased envelops 30
      21 Paid for coffee to office staff 30
      22 Paid for office cleaning 50
      30 Paid to Rajeev 200
  • 4)

    Enter the following transactions in a petty cash book of Mr. Murugan maintained on imprest system with analytical columns.

        Particulars Rs
    2018 Mar  15 Cash in hand 143
        Received from the chief cashier 607
      16 Bought stamps 25
      17 Paid cartage 40
      18 Tea and lunch expenses to customers 74
      19 Telegram sent 23
      20 Paid taxi hire 150
      21 Purchased envelops 22
      22 Paid for repairs of typewriter 65
      23 Purchased one bottle of ink 12
      27 Paid Railway fare to manager 187
      31 Paid to coolie 20
  • 5)

    Enter the following transactions in the double column cash book of Mr. Srinivasan.

    2002 May Particulras Rs
    1 Cash in hand 50,000
    3 Cash Paid to Rajan 6,000
      Discount allowed by him 100
    6 Cash Purchases 10,000
    10 Received cash from Arun Rs 2,900 and allowed hime discount 100
    13 Cash Sales 15,000
    15 Electricity charges paid 1,000
    18 Paid for miscellaneous expenses 2,000
    20 Received cash from Murali 3,450
      Discount allowed 50

11th Standard English Medium Accountancy Subject Subsidiary Books - I Creative 5 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    Record the following transactions in the proper subsidiary books of Mis. Sunil & Co., and cost them to the Ledger.

     2013 Apr 1   Goods sold to Ramesh Rs. 1,000  
    Apr 5   Sold goods to Kumar Rs. 2,200
    Apr 8   Sold goods to Shankar Rs. 300
    Apr 10   Goods returned by Kumar Rs. 600
    Apr 15   Credit Note sent to Shankar for Rs. 200 being the Invoice overcharged.  
  • 2)

    Enter the following transactions in the Purchase Book of M/s. Subhashree:
    2013 March 1 Purchased 100 kg. of coffee seeds from Suresh @ Rs. 40 per kg.
    5 Purchased 80 kg. of tea dust from Hari @ Rs. 20 per kg.
    12 Bought from Rekha Sugars, Trichy 1,200 kg. of sugar @ Rs. 8 per kg.
    18 Bought from Perumal Sweets, Chennai, 40 tins of sweets @ Rs. 200 per tin.
    20 Purchased from Govinda Biscuit Company, Chennai 20 tins of biscuits @ Rs. 400 per tin.

  • 3)

    From the following particulars prepare the sales book of Modern Furniture Mart.

    2013, June 5  Sold on credit to Arvind & Co.,
      20 tables @ Rs. 600 per table
      20 chairs @ Rs. 300 per chair
    7 Cash sales to Anand & Co.,
      10 tables @ Rs. 300 per table
      20 chairs @ Rs. 150 per chair
    10 Sold to Baskar & Co., on credit
      10 almirahs @ Rs. 3,000 per almirah
      10 tables @ Rs. 200 per table
    15 Sold old typewriter for Rs.1,000 to Madan on credit
    20 Sold to Gopinatli on credit
      10 tables @ Rs. 1,000 per table
      2 revolving chairs @ Rs. 1,200 per chair
  • 4)

    Enter the following transactions in proper subsidiary books.

        Rs.
    2013,
    March1
    Purchased goods from Balaraman 2,000
    2 Sold goods to Senthil 1,000
    3 Goods purchased from Durai 1,000
    5 Sold goods to Saravanan 700
    8 Sold goods to Senthil 500
    10 Purchased goods from Elangovan 600
    14 Purchased goods from Parthiban 300
    20 Sold goods to Sukumar 600
  • 5)

    Enter the following transactions in the proper subsidiary books of Mr. Somu.
    2013, Nov. 1 Bought from Gopal 300 bags of Wheat Rs.1,000 per bag less trade discount 10%
    3 Purchased from Madhavan 150 bags of Rice Rs. 900 per bag less trade discount 10%
    5 Returned to Gopal 10 bags of Wheat which were purchased on 1.11.13
    7 Sold to Shiva 50 bags of Rice Rs.1,200 per bag less Trade Discount 5%
    12 Sold to Sharma 25 bags of Wheat Rs.1,300 per bag less Trade Discount 10%
    14 Returned 15 bags of Rice to Madhavan.
    15 Shiva returned 5 bags of rice.
    17 Bought from Rajan 200 bags of Wheat Rs.950 per bag
    24 50 bags of Wheat returned to Rajan.

11th Standard English Medium Accountancy Subject Subsidiary Books - I Creative 5 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    From the following information, prepare necessary subsidiary books of M/s. ABC Computers:

     2016 March 3   Bought 12 printers from Rajeev & Co. at market price Rs. 10,000 each less 15% Trade Discount
    March 7   Bought office furniture from Hemant & Co. for Rs. 12,500
    March 9   Sold 280 CD's to J.V.M. Graphics for Rs. 4,000
    March 12   Sold 5 computers to Vig & Sons @ Rs. 25,000 each. 
      Less 10% Trade Discount.
    March 17   Returned 2 printers to Rajeev & Co. Market price Rs. 6,500 each.
      Less: 15% Trade Discount.
    March 21   Sold old Furniture for Rs. 1,200
    March 27   1 Computer returned by Vig & Sons for Rs. 18,000
    March 30   Sold 1printer to Gupta & Co. @ Rs. 8,500 for Cash.
  • 2)

    Enter the following transactions in the appropriate special Journal of M/s. Sita & Co.

     2012 Oct 2   Bought goods from Satish Rs. 2,400 as per Invoice No.63 
    Oct 4   Sold to Sivagami goods Rs. 1,600 as per Invoice No. 71
    Oct 7   Returned to Satish goods of Rs. 250 as per Debit note. 4
    Oct 8   Sivagami returned goods Rs. 150 as per Credit note. 8
    Oct 12   Sold to Vijaya goods of Rs. 950 as per Invoice No. 72
    Oct 14   Purchased from velan goods worth Rs. 1,100
    Oct 18   Returned to Sampath goods worth Rs. 150 as per Debit note No.5  
    Oct 22   Vijaya returned goods of Rs. 240 Credit No.9
  • 3)

    Record the following transactions in the proper subsidiary books of Mis. Sunil & Co., and cost them to the Ledger.

     2013 Apr 1   Goods sold to Ramesh Rs. 1,000  
    Apr 5   Sold goods to Kumar Rs. 2,200
    Apr 8   Sold goods to Shankar Rs. 300
    Apr 10   Goods returned by Kumar Rs. 600
    Apr 15   Credit Note sent to Shankar for Rs. 200 being the Invoice overcharged.  
  • 4)

    Enter the following transactions in proper special journal of M/s. Saveetha & Co. 2017.

     2017 March 1   Purchased 80 bags of wheat from Shruti @ Rs 2,200 per bag, less trader discount 10% as per Invoice No. 70
    March 7   Bought 40 bags of rice form Beula @ Rs 3,200 per bag, less trader discount 5% per invoice No. 72
    March 12   Sold to Sheela 35 bags of wheat @ Rs 2,600 per bag as per Invoice No. 75
    March 15   Returned to Shruthi 5 bags of wheat as per Debit Note No.7
    March 17   Sold to Apoorva 20 bags of wheat @ Rs 2,700 per bag. Less trade discount 10% as per Invoice no. 86
    March 20   Sheela returned 5 bags of wheat as per Credit Note no. 10
    March 24   Bought 20 bags of rice from Neela @ Rs 3,400 per bag as per Invoice no. 74
    March 25   Apoorva returned 4 bags of wheat
    March 27   Sold to Pooja 30 bags of rice @ Rs 3,700 per bag less trade discount 10.% as per Invoice No. 90.
    March 29   Returned to Neela 4 bags of rice as per debit Note No.8
  • 5)

    Visit a stationery shop nearby. Observe its business activities for a week. After having discussed with the shop keeper, prepare a list of purchased and sold items by the shop. Record them in the appropriate books.

11th Standard English Medium Accountancy Subject Trial Balance Creative 5 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    Mary runs a textile store. She has prepared the following trial balance from her ledger balances. Her trial balance does not tally. She needs your help to check whether what she has done is correct.

    S.No. Name of the account L.F. Debit Balance
    Rs
    Credit Balance
    Rs
    1. Capital   50,000  
    2. Discount received     3,000
    3. Rent paid     15,000
    4. Salaries Paid   1,000  
    5. Purchases of textiles     20,000
    6. Sale of textiles     30,000
    7. Salesmen commission paid     9,000
    8. Transport charges paid   6,000  
    9. Cash balance   32,000  
          89,000 77,000
  • 2)

    From the following balances, prepare trial balance of Baskar as on 31st March 2017. Transfer the difference, if any, to suspense account.

     Name of the account   Rs   Name of the account   Rs 
      Opening stock    40,000   Debtors    25,000
      Capital 90,000   Carriage inwards 16,500
      Sales   1,77,200   Bills received 20,000
      Salaries 12,000   Commission recieved 5,500
      Bills payable 9,450   Cash at bank 17,000
      Telephone charges 2,350   Furniture 19,000
      Creditors 16,000   Plant & Machinery 55,800
      Purchases 85,000   Repairs 550
  • 3)

    Imagine that you start a small shop with an investment of Rs 10,000. Record imaginary business transactions for 10 days [include cash and credit transactions]. Prepare journal, ledger and trial balance with them.

  • 4)

    Prepare Trial Balance as on 31.12.2010 from the following balances of Mr. Balan

    Name of the account Rs Name of the account Rs
    Capital 3,40,000 Purchases 94,000
    Creditors 13,000 Sales returns 3,400
    Drawings 4,000 Purchases returns 2,400
    Salaries 38,200 Carriage inwards 1,400
    Bills receivable 5,800 Printing and Stationery 5,000
    Bills payable 7,000 Stock 29,900
    Debtors 16,000 Machinery 50,000
    Sales 1,44,000 Wages 5,000
    Insurance 2,200 Rent 1,600
    Land 2,50,000 Interest received 1,700
    Commission received 800 Electricity charges 2,400
  • 5)

    The following balances are extracted from the books of Mr. Senthil, Prepare Trial Balance as on 30.6.2014.

    Name of the account Rs Name of the account Rs
    Capital 4,70,200 Machine 1,58,800
    Cash in 'hand 6,000 Sundry debtors 48,000
    Building 3,20,000 Repairs 5,400
    Stock 33,000 Insuranc e prerruum 3,300
    Sundry creditors 26,000  sales 2,90,000
    Commission paid 750  Telepho ne charges 6,450
    Rent & Taxes 6,300  Furnitur e 11,000
    Purchases 1,75,000  Discount earned 1,100
    Salaries 70,600  Loan fromMohammed 51,100
    Discount allowed 650  Reserve Fund 5,900
    Drawings 5,000  Bills rec eivable 8,600
    Bad debts 1,350  Bills pay able 6,000

11th Standard English Medium Accountancy Subject Trial Balance Creative 5 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    Explain the methods of preparing trial balance.

  • 2)

    Following is the trial balance of Sudhir Chaudhary as on 31.03.2017.

       Rs     Rs
     Capital     10,00,000   Debtors    9,64,000
     Plant and Machinery   13,40,000   Creditors   5,30,000
     Furniture 2,40,000   Rent 1,92,000
     Cash in hand 60,000   General expenses   14,000
     Bank overdraft 78,000   Discount allowed 2,000
     Purchases 22,70,000   Sales return  6,000
     Sales 34,80,000    
  • 3)

    From the following balances extracted from the books of Mr Gowri Sankar, a merchant of Chennai, prepare trial balance as on 31.12.2017.

       Rs     Rs
     Buildings     15,000   Conveyance charges     5,600
     Bills payable   5,000   Salary 3,500
     Debtors 15,000   Capital  30,000
     Cash at bank   16,800   Furniture 20,000
     Insurance 1,600   Motor Vehicles 5,000
     Rent received 5,000   Patents 2,000
     Donation given   2,500   Goodwill 3,000
     Loan borrowed 50,000    
  • 4)

    Prepare trial balance as on 31.12.2017 from the following balances of Mr Balakrishnan.

       Rs     Rs
     Capital     2,00,000   Repairs     2,400
     Drawings   18,000   Office lighting   2,600
     Furniture 64,500   Printing and Stationery   2,700
     Stock at the beginning   62,050   Bank loan 17,500
     Bills receivable 7,500   Computer   30,000
     Bills payable 8,750   Debtors 46,500
     Purchases 88,100   Cash in hand 17,000
     Sales 1,35,450   Cash at bank 27,250
     Discount allowed 7,100   General expenses 7,100
     Discount received 3,500   Creditors 17,600
  • 5)

    Balan who has a car driving school gives you the following ledger balances. Prepare trial balance as on 31st December, 2016.

      Rs   Rs
    Capital 1,50,000 Sales 75,000
    Debtors 22,800 Return inwards 1,000
    Rent received 500 Discount allowed 800
    Bank overdraft 3,100 Discount received 1,000
    Creditors 5,500 Wages 2,900
    Premises 1,46,000 Salaries 3,500
    Opening Stock 10,000 Commission paid 1,100
    Purchases 45,000 General expenses 2,000

11th Standard English Medium Accountancy Subject Ledger Creative 5 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    Enter the following transactions in the journal and ostthem- in the ledger of Mr. Govindarajan and balance them.

    2003 Aug 1 Govindarajan commenced his business with the following assets and liabilities
      Plant and Machinery Rs.2,50,000
      Stock Rs.90,000, Furniture Rs.7,000
      Cash Rs.50,000, Sundry' Creditors Rs.1,50,000
    2 Sold goods to Sundar Rs.1,50,000
    3 Bought goods from Natarajan Rs.65,000
    4 Sundar paid cash Rs.1,25,000
    6 Returned damaged goods to Natarajan Rs.2,000
    10 Paid to Natarajan Rs.28,000
    31 Paid rent Rs.5,000
      Paid Salaries Rs.9,000
  • 2)

    Journalise the following transactions of Mr. Ravi and post them in the ledger and balance the same.

    2014, June 1 Ravi invested Rs. 5,00,000 cash in the business
    5 Purchased building for Rs. 3,00,000
    7 Purchased goods for Rs. 70,000
    10 Sold goods for Rs. 80,000
    25 Paid electric charges Rs. 3,000
  • 3)

    Record the following transactions in the Journal of Mr. Radhakrishnan and post them in the ledger and balance the same.

    2014, Jan. 1 Radhakrishnan commenced business with cash, Rs 15,00,000
      3 Paid into Bank Rs 5,00,000
      5 Bought goods for Rs 3,60,000
      10 Sold goods for Rs 2,50,000
      15 old goods to Balan Rs 2,40,000
  • 4)

    Journalise the following transactions in the Journal of Mr. Shanmugam, post them in the ledger and balance them

    2013, Aug. 1 Started business with Rs. 4,50,000
      3 Goods purchased Rs. 70,000
      5 Goods sold Rs. 51,000
      10 Goods purchased from Rangasamy Rs. 2,00,000
      16 Goods returned to Rangasamy Rs. 5,000
      27 Settled Rangasamy's account  
  • 5)

    Journalise the following transactions in Rani's Journal and post them to ledger and balance them.

    2013, Sept. 1 Rani started business with Rs. 3,00,000
      5 Opened a current account with Indian Overseas Bank Rs. 50,000
      12 Bought goods from Sumathi Rs. 90,000
      18 Paid to Sumathi Rs. 90,000
      20 Sold goods to Chitra Rs. 1,26,000
      28 Chitra settled her account  

11th Standard English Medium Accountancy Subject Ledger Creative 5 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    Journalise the following transactions of Mr. Ravi and post them in the ledger and balance the same.

    2016 June .
    1 Ravi invested Rs. 5,00,000 cash in the business.
    3 Paid into Bank Rs. 80,000
    5 Purchased building for Rs. 3,00,00
    10 Sold goods for Rs. 80,000
    15 Withdrew cash from bank Rs. 10,000
    30 Paid Salary Rs. 15,000
  • 2)

    Journalise the following transactions in Tmt. Rani's Journal and post them to ledger.

    2003 Sep   Rs
    1 Tmt. Rani started business with 3,00,000
    5 Opened a current account with Indian Overseas Bank 50,000
    12 Bought goods from Tmt. Sumathi 90,000
    18 Paid to Tmt. Sumathi 90,000
    20 Sold goods to Tmt. Chitra 1,26,000
    28 Tmt. Chitra settled her accounts  
  • 3)

    Journalise the following transactions in Thiru. Kumaran books and post them to ledger.

    2013Aug.   Rs
    5 Sold goods to Arumugam on Credit 17,500
    9 Bought good for cash from Chellapan 22,500
    12 Met Travelling expenses 2,500
    15 Received 80,000 from Sivakumar as loan  
    21 Paid wages to workers 3,000
  • 4)

    Post the following transactions directly in the ledger.

    2014 May   Rs
    1 Started business with cash 50,000
    5 Bought goods from Chandrasekar on Credit for 15,000
    8 Sold Goods to Nehru on Credit for 25,000
    10 Goods returned to Chandrasekar 500
    15 Goods returned from Nehru 2,500
    20 Settled Chandrasekar's Account  
    25 Nehru settled his Account  
  • 5)

    Post the following transations direct into ledger of Mr. Ratnakumar.

    2017 July   Rs
    1 Started business with 60,000
    5 Cash paid into Bank 20,000
    7 Withdrew cash Rs 5,000 for office use  
    8 Withdrew by cheque for personal use 500
    10 Paid Salaries by cheque 3,000
    15 Furniture purchased by cheque 5,000

11th Standard English Medium Accountancy Subject Books of Prime Entry Creative 5 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    Journalise the following transactions of Mrs. Radha

    2017 Jan   Rs
    1 Mrs. Radha commenced Business with cash 30,000
    2 Paid into bank 21,000
    3 Purchased goods by cheque 15,000
    7 Drew cash from bank for office use 3,000
    15 Purchased goods from Siva 15,000
    20 Cash sales 30,000
    25 Paid to Siva  14,750
      Discount Received 250
    31 Paid rent 500
      Paid Salaries 2,000
  • 2)

    Journalise the following transactions of Mr. ManL

    2017 June    Rs
    3 Received cash from Ramkumar 60,000
    4 Purchased goods for cash 15,000
    11 Sold goods to Damodaran 22,000
    13 Paid to Ramkumar 40,000
    17 Received from Damodaran 20,000
    20 Bought furniture from Jagadeesan 5,000
    27 Paid rent 1,200
    30 Paid Salary 2,500
  • 3)

    Journalise the following in the Journal of Thiru. Gowri Shankar 2016

    2016 Oct   Rs
    1 Received cash from Siva 75,000
    7 Paid cash to Sayeed 45,000
    10 Bought goods for cash 27,000
    12 Bought goods on credit from David 48,000
    15 Sold goods for cash 70,000
  • 4)

    Record the following transactions in the journal of Tmt. Bhanumathi.

    2016 Feb   Rs
    3 Bought goods for cash 84,500
    7 Sold goods to Dhanalakshmi on credit 55,000
    9 Received commission 3,000
    10 Cash Sales 1,09,000
    12 Bought goods from Mahalakshmi 60,000
    15 Received five chairs from Revathi & Co. at Rs. 400 each  
    20 Paid Revathi & CO., cash for five chairs  
    28 Paid Salaries 10,000
      Paid Rent 5,000
  • 5)

    Journalise the following transactions in the books of Thiru. Kalyanasundaram.

    2017 Mar   Rs
    1 Sold goods on credit to Mohanasundaram 75,000
    12 Purchased goods on credit from Bashyam 70,000
    15 Sold goods for cash from David 50,000
    20 Received from Mohanasundaram 70,000
    25 Paid to Bashyam 50,000

11th Standard English Medium Accountancy Subject Books of Prime Entry Creative 5 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    Mohit has the following transactions, prepare accounting equation

        Rs
    i) Business started with Cash 1,75,000
    ii) Purchased goods from Rohit 50,000
    iii) Sold goods on credit to Manish (Costing Rs.17,500) 20,000
    iv) Purchased furniture for office use 10,000
    v) Cash paid to Rohit in full settlement 48,000
    vi) Cash received from Manish 20,000
    vii) Rent paid 1,000
    viii) Cash withdrew for personal use 3,000
  • 2)

    Show the effects of the following business transactions on the accounting equation.

        Rs
    i) Anitha started business with cash Rs.20,000; goods Rs.12,000 and machine 8,000
    ii) Bought goods for cash 6,000
    iii) Sold goods costing Rs.2,000 for 2,500
    iv) Purchased goods from Ramani on credit 7,000
    v) Payment made to Ramani in full settlement 6,900
    vi) Sold goods to Rajan on credit costing Rs.5,400 for 20,000
    vii) Received from Rajan 5,800 in full settlement of his account 6,000
    viii) Salaries paid 4,000
    ix) Wages Outstanding 400
    x) Prepaid Insurance 100
  • 3)

    Pass Journal Entries in the books of Ragu from the following transactions:

    2016 June  
    1 Ragu started business with cash Rs.80,000; goods Rs.40,000 and furniture Rs.20,000.
    2 Sold goods to Nandu of the list price of Rs.20,000 at trade discount of 10%.
    3 Nandu returned goods on the list price of Rs.4,000
    8 Received from Nandu Rs.14,150 in full settlement in his account
    10 Purchased goods from Mohan of the list price of Rs.10,000 at 15% Trade discount.
    13 Returned goods to Mohan of the list price Rs.1,000
    16 Settled his account of Mohan by paying cash, under discount of 4%.
    18 Purchased goods from Ajay Rs.5,000; Sanjay Rs.10,000.
    19 Paid Cash to Ajay Rs.1,900 and discount received Rs.100.
    20 Paid 9,800 to Sanjay in full settlement of his account
    20 Bought a 'Table Fan' for Rs1,200 for the domestic use of Raghu.
    25 Sold goods for cash of the list price of Rs.8,000 at 10%, Trade Discount and 3% cash Discount
    30 Paid Rent Rs.800; Trade expenses Rs.700 and Travelling expenses Rs. 380.
  • 4)

    Prepare accounting equation and balance, sheet on the basis of the following.

        Rs.
    (i) Pallavan started business with cash 60,000
    (ii) He purchased furniture 10,000
    (iii) He paid rent 2,000
    (iv) He purchased goodson credit from Mr.Mahendran 30,000
    (v) He sold goods (cost price f 20,000) for cash  25,000
  • 5)

    Journalise the follow ing transactions in the books of Tmt. Jaya. 2016

    2016 Jan   Rs
    1 Tmt. Jaya commenced business with cash 50,000
    2. Purchased goods for cash 10,000
    5 Purchased goods from Mohan on credit 6,000
    7 Paid into Bank 5,000
    10 Purchased furniture 2,000
    20 Sold goods to Suresh on credit 5,000
    25 Cash Sales 3,500
    26 Paid to Mohan ·on account 3,000
    31 Paid salaries 2,800

11th Standard English Medium Accountancy Subject Conceptual Framework of Accounting Creative 5 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    Explain the meaning of Book-keeping and its features

  • 2)

    Explain the advantages of Book-keeping.

  • 3)

    What do you mean by accounting concepts? Explain any five concepts.

  • 4)

    What are the differences between Book keeping and Accounting?

  • 5)

    Explain briefly accounting conventions

11th Standard English Medium Accountancy Subject Introduction to Accounting Creative 5 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    Narrate the evolution of accounting

  • 2)

    Explain the Accounting cycle

  • 3)

    Briefly explain the functions of accounting

  • 4)

    What are the bases of accounting? and briefly explain it.

  • 5)

    Describe the informational needs of external users

11th Standard English Medium Accountancy Subject Computerised Accounting Creative 3 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    Explain the types of People Interact.

  • 2)

    Explain the three types of Procedures.

  • 3)

    Explain the codification of accounts.

  • 4)

    What are the types of people interacting with a computer system?

  • 5)

    What is opearating system? Give two examples.

11th Standard English Medium Accountancy Subject Computerised Accounting Creative 3 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    What are the types of people interacting with a computer system?

  • 2)

    What is opearating system? Give two examples.

  • 3)

    Mention any three advantages of CAS.

  • 4)

    What are the three types, of procedures in a computer system?

  • 5)

    Can you explain data?

11th Standard English Medium Accountancy Subject Final Accounts of Sole Proprietors - II Creative 3 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    Explain the concept of Matching Principle.

  • 2)

    What is Credit balance?

  • 3)

    The Trial balance shows the followings:
    Capital as on 31-03-2013     Rs.6,00,000 .
    Drawings as on 31-03-2013  Rs.50,000
    Charge interest on drawings @ 5% pass adjusting entry. Show how this item appear in the final accounts.

  • 4)

    From the following particulars prepare a Balance sheet of Mr. X for the year ended 31st March, 2015.

    Capital Rs.2,00,000 Sundry debtors Rs.80,000
    Drawings Rs.40,000 Land and building Rs.50,000
    Cash in hand Rs.15,000 Plant and machinery Rs.80,000
    Loan from bank Rs.40,000 Investment Rs.20,000
    Sundry creditors Rs.40,000 Bills receivable Rs.10,000
    Bills payable Rs.20,0.00 Cash at bank Rs.25,000
    Goodwill Rs.60,000    

    The following adjustments are made at the time of preparing Final accounts.
    (i) Outstanding Liabilities for Salaries Rs.10,000; Wages Rs. 20,000; Interest on Bank overdraft Rs. 3,000; and Interest on bank loan Rs. 6,000.
    (ii) Provide Interest on capital @ 10% p.a
    (iii) Depreciation on plant and machinery by 10% p.a.
    (iv) Bad debts amounted to Rs. 10,000 and make a provision for Bad debts @ 10% on sundry debtors.
    (v) Closing stock amounted to Rs. 1,20,000.
    Net Profit for the year amounted to Rs. 96,000 after considering all the above adjustments.

  • 5)

    Pass necessary Adjusting entries for the following adjustments:
    a) Interest on loan outstanding Rs.5,000
    b) Depreciation @ 5% on furniture Rs.50,000
    c) Write off bad and doubtful debts Rs.3,000
    d) Provide provision for bad and doubtful debts @ 5% on sundry debtors Rs.4,00,000
    f) Provide provision for discount on creditors @ 2% on sundry creditors Rs.3,50,000

11th Standard English Medium Accountancy Subject Final Accounts of Sole Proprietors - I Creative 3 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    What are the difference between trial balance and balance sheet.

  • 2)

    Prepare profit and loss account of Mrs. Nalini for the year ended 31st December 2010 from the following:

    Particulars Rs. Particulars Rs.
    Gross profit 1,25,000 Discount paid 600
    Salaries 15,000 Discount received 1,000
    Rent 5,000 Interest paid 500
    Carriage outwards 1,000 Interest received 700
    Selling expenses 500 Commission earned 2,000
    Income from investment 1,500    
  • 3)

    From the following particulars, prepare a balance sheet of Mr. Moorthy as on 31st December 2013.

    Particulars Rs. Particulars Rs.
    Capital 40,000 Drawings 4,400
    Debtors 6,400 Creditors 4,200
    Cash in hand 360 Cash at bank 7,200
    Furniture 1,000 Plant 10,000
    To Net profit 1,660 General reserve 1,000
    Closing stock 14,800    
  • 4)

    The following Balances are taken from the books of M/s. Riya Ltd. Prepar Profit and Loss Account for the year ended 31st march 2005.

    Particulars Rs. Particulars Rs.
    Gross profit 5,25,000 Salaries & Wages 1,00,000
    Rent 10,000 Depreciation 5,000
    Interest on Loan 5,000 Office expenses 1,500
    Distribution Charges 2,500 Salesman salary 8,000
    Bad debts 2,200 Stationery and printing 500
    Commission received 3,000 Discount received 2,000
    Interest received 5,000 Advertising 9,000
    Taxes and Insurance 2,000    
  • 5)

    From the following information prepare balance sheet of Mrs. Nasreenkhan as at 31st December 2017.

    Particulars Rs. Particulars Rs.
    Goodwill 10,000 Sundry debtors  25,000
    Capital 90,000 Drawings 15,000
    Cash in hand 10,000 Land and buildings 30,000
    Investment 500 Bank 10,000
    Net profit 46,900 Creditors 31,500
    Bills receivable 6,500 Plant and Machinery 20,000
    Bills payable 5,350 Closing stock 40,000
    Furniture 6,750    

11th Standard English Medium Accountancy Subject Final Accounts of Sole Proprietors - I Creative 3 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    What are the need for preparation of trading account?

  • 2)

    What are the need for preparing a Balance sheet?

  • 3)

    What are the characteristics of balance sheet?

  • 4)

    What are the classification of assets? (any five)

  • 5)

    Explain the types. of liabilities.

11th Standard English Medium Accountancy Subject Depreciation Accounting Creative 3 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    Akbar & Co. purchased a Plant for Rs. 80,000 on 01-04-2001. It is Depreciated at 10% p.a. on reducing Balance method for three years. Accounts are closed on 31st March every year. Pass the Journal Entries.

  • 2)

    A Motor car was purchased on 1st January, 2013 for Rs. 25,000, depreciated at 10% on diminishing balance method. It was, sold for Rs.16,500 on 3st December, 2015, Prepare motor car account. The accounts are closed on 31st December every year.

  • 3)

    A furniture costing Rs. 5,000 has been purchased on 1.1.2011, the installation charges being Rs. 1,000. The furniture is to be depreciated @10% p.a on the diminishing balance method. Show the furniture account and depreciation account for the first three years.

  • 4)

    Sunil & company purchased a fixed asset on 1.4.2002 for Rs. 5,00,000. Depreciation is to be provided @ 15% per annum according to straight line method. The books are closed on 31st March every year. Prepare fixed asset account and depreciation account for three years.

  • 5)

    Write a note on sum of years of digits method.

11th Standard English Medium Accountancy Subject Depreciation Accounting Creative 3 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    Write a short note on - Insurance Policy Method

  • 2)

    Write a short note on - Revaluation Method :

  • 3)

    Write a short note on Machine hour rate method.

  • 4)

    What are the Factors determining the amount of depreciation?

  • 5)

    M/s. Shankar & Co. purchased a machinery on 01-01-2012 for Rs. 10,00,000. The firm writes off depreciation at 10% on the original cost every year. The books are closed on 31st March every year. Pass the necessary journal entries.

11th Standard English Medium Accountancy Subject Rectification of Errors Creative 3 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    Following errors are discovered in the Books of Sita Ram. Make the necessary entries to rectify them.
    (i) Purchases journal was Rs. 2,150.
    (ii) Rs. 500 received from K. Krishna was debited to his account.
    (iii) An amount of Rs. 3,000 withdrawn by the Proprietor of the firm for his personal use was posted to the Traveling expense account.
    (iv) An amount of Rs. 175 for a credit sale to R. Gopalan correctly entered in the sale book, has been debited to his account as Rs. 157.

  • 2)

    Pass the journal entries rectifying the following errors:
    (i) Purchases of office furniture of Rs. 10,000 was recorded in Purchases book.
    (ii) Office rent of Rs. 15,000 was debited to the personal account of the landlord.
    (iii) Old machine was sold for Rs. 5,000 was credited to Sales account.

  • 3)

    Following are some accounting errors. Rectify the same through Suspense Alc.
    (i) Goods Purchased from Manohar of Rs. 2,500 has been posted to the debit of his account.
    (ii) Cash of Rs. 4,500 paid to Munish was credited to Manish.
    (iii) Discount Rs. 100 allowed to Anthony was not debited to discount account.

  • 4)

    The Accountant in a firm committed the following errors.
    (a) Rent paid to landlord Rs. 12,600 was debited to the Landlord's personal account.
    (b) Sold Computer for Rs. 6,000 was entered in sales account.
    (c) Cash drawn by the proprietor for his personal use Rs. 7,400 was debited to Trade expenses account.
    (d) Repairs to machinery Rs. 500 was passed through the Machinery account. Rectify the above errors.

  • 5)

    What are the types of errors at the stage of posting?

11th Standard English Medium Accountancy Subject Rectification of Errors Creative 3 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    Rectify the following errors.
    (i) The Sales book of December was added short by Rs. 500.
    (ii) A periodical total of the Purchases book was short by Rs. 5,000.
    (iii) The total of Purchases return Book has been undercast by Rs. 1,500.
    (iv) The Sales return book is added Rs. 200 short.

  • 2)

    The Accountant in a firm committed the following errors.
    (a) Rent paid to landlord Rs. 12,600 was debited to the Landlord's personal account.
    (b) Sold Computer for Rs. 6,000 was entered in sales account.
    (c) Cash drawn by the proprietor for his personal use Rs. 7,400 was debited to Trade expenses account.
    (d) Repairs to machinery Rs. 500 was passed through the Machinery account. Rectify the above errors.

  • 3)

    What are the types of errors at the stage of journalising?

  • 4)

    What are the types of errors at the stage of posting?

  • 5)

    What are the types of errors at the stage of preparing trial balance?

11th Standard English Medium Accountancy Subject Bank Reconciliation Statement Creative 3 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    What are the causes of difference between bank column of the cash book and bank statement?

  • 2)

    From the following information, prepare bank reconciliation statement to find out balance as per bank statement on 31st March 2017.

      Particulars Rs
    (i) Cheques deposited but not yet collected by the bank 500
    (ii) Cheque issued but not yet presented for payment 1,000
    (iii) Bank interest charged 100
    (iv) Rent paid by bank as per standing instruction 200
    (v) Cash book balance 300
  • 3)

    Imagine that you are the owner of a small shop. You maintain the three column cash book for your business. Now, think on the following points and discuss with the whole class:
    • How often would you check your cash balance in hand? Everyday/once in a week?
    • Why do you check your cash balance?
    • How will you make sure that the bank column in cash book is correct and is the same as shown by the bank statement?

  • 4)

    Observe the above format. Why the withdrawals are shown as debit and deposits are shown as credit in a bank statement?

  • 5)

    Remember, an item entered on the debit side of cash book is entered on the credit side of bank statement and vice-versa: Now, keep this in mind, think on the following:
    Is it possible to prepare bank reconciliation statement with bank statement as starting point and ascertain the cash book balance? Prepare a specimen of bank reconciliation statement with balance as per bank statement as the starting point.

11th Standard English Medium Accountancy Subject Bank Reconciliation Statement Creative 3 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    What is the need for bank reconciliation Statement?

  • 2)

    Explain the differences arising due to errors in recording the entries

  • 3)

    List the five items having the effect of higher balance in the Cash book.

  • 4)

    List the five items having the effects of lower balance in the Pass book

  • 5)

    What are the causes of difference between bank column of the cash book and bank statement?

11th Standard English Medium Accountancy Subject Subsidiary Books - II Creative 3 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    What are the importance of cash book?

  • 2)

    Explain the types of petty cash books?

  • 3)

    From the following particulars, prepare Single column Cash book of Ms. Kokila                 

        Particulars Rs.
    2017 Mar 1 Cash in hand 20,000
      4 Cash Purchases 4,000
      7 Cash Sales 8,000
      8 Paid to Balan 5,000
      9 Received cash from Cheran 10,000
      13 Paid into Bank 10,000
      14 Cash withdrawn from bank 4,000
      18 Paid Salaries 1,000
      20 Bought Furniture 3,000
      28 Rent paid 1,000
  • 4)

    Enter the following transactions in a Single column Cash book of Mr. Kumaran.

        Particulars Rs.
    2018 Jan 1 Started business with cash 1,000
      3 Purchased goods for cash 500
      4 Sold goods 1,700
      5 Cash received from Siva 200
      12 Paid Balan 150
      14 Bought Furniture 200
      15 Purchased goods from Kala on credit 2,000
      20 Paid electric charges 225
      24 Paid salaries 250
      28 Received commission 75
  • 5)

    Prepare a double column cash book from the following transactions of Mr. Gopalan.

      Particulars Rs.
    2017 July 1 Cash in hand 4,000
    6 Cash purchases 2,000
    10 Wages paid 40
    11 Cash Sales 6,000
    12 Cash received from Suresh
    and allowed him discount
    1,980
    19 Cash paid to Meena
    and discount received
    20
    27 Cash paid to Radha 2,470
    28 Purchased goods for cash 2,070

11th Standard English Medium Accountancy Subject Subsidiary Books - II Creative 3 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    Enter the following transactions in Cash book with Cash and Discount column of Mr. Nandakumar.

    2016 Feb 1 Cash in hand Rs.60,000
    3 Bought goods from premnath Rs.10,000
    4 Opened a current account with bank Rs.15,000
    7 Withdrew from bank Rs.5,000
    8 Sold goods to Kandan for Rs.10,000 credit on terms 2% cash discount if payable within two weeks  
    10 Paid cash to Premnath, less 1% C.D.  
    14 Received a cheque from Arul Rs.3,400, allowed him discount Rs.100  
    15 Kandan settled his account  
  • 2)

    When his business becomes large, what other books will he be maintaining?

  • 3)

    What is cash book? What are its features?

  • 4)

    Write notes on posting the petty cash book.

  • 5)

    What purpose does an analytical petty cash book serve?

11th Standard English Medium Accountancy Subject Subsidiary Books - I Creative 3 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    What are the various types of subsidiary books?

  • 2)

    Write notes on closing entries.

  • 3)

    Write notes on rectifying entries.

  • 4)

    Explain the purposes of various subsidiary books.

  • 5)

    Explain the purpose of journal proper with examples.

11th Standard English Medium Accountancy Subject Subsidiary Books - I Creative 3 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    What are the difference between Cash Discount and Trade Discount?

  • 2)

    What are the features of a bill of exchange?

  • 3)

    Write a note on
    (i) Bills Receivable Book
    (ii) Bills Payable Book.

  • 4)

    Write Short notes on 
    (i) Renewal of a bill
    (ii) Retiring of a BiII.

  • 5)

    Explain any three advantages of subsidiary books.

11th Standard English Medium Accountancy Subject Trial Balance Creative 3 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    Whatis the need for preparing trial balance?

  • 2)

    What are the features of trial balance?

  • 3)

    Prepare the Trial balance from the following balances of Radha Krishnan as on 31.03.2016.

       Rs     Rs 
     Cash 75,000  Purchases return   5,000
     Furniture   30,000  Drawings   49,000
     Salary 25,000  Sales  3,05,000
     Loan 35,000  Sales return 1,000
     Purchases    2,60,000  Capital 95,000
  • 4)

    Prepare the trial balance from the following-balances of Ms Chitra as on 31.03.2015.

       Rs    Rs
     Capital      2,50,000  Bank    2,75,000
     Bills payable   50,000  Debtors  1,00,000
     Opening Stock   75,000  Discount received   5,000
     Loan 1,50,000  Sales 50,000
     Salaries 10,000  Purchases 45,000
  • 5)

    From the following balances extracted from the books of Mr Kannan at trader on automobiles, prepare trial balance as on 31st March 2017.

       Rs    Rs
     Cash ih hand   5,500   Direct expenses   5,000
     Discount received   300   Carriage outwards 3,500
     Creditors  15,000   Capital  45,000
     Buildings 50,000   Purchases 49,700
     Opening stock 6,000   Sales 59,000

11th Standard English Medium Accountancy Subject Trial Balance Creative 3 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    From the following balances extracted from the books of Mrs. Kokila, prepare trial balance as on 31.03.2017.

       Rs     Rs 
     Purchases    40,000   Advertisement     4,000
     Rent paid 2,000   Generalexpenses  700
     Discount received   1,000   Commission paid  1,500
     Carriage inward 2,700   Capital  50,000
     Closing stock 38,600   Sales 38,500
  • 2)

    Explain the various methods of preparing trial balance.

  • 3)

    Explain the need for preparing trial balance.

  • 4)

    Explain the features of trial balance.

  • 5)

    What is Suspense Account? When is it opened?

11th Standard English Medium Accountancy Subject Ledger Creative 3 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    'Ledger is a principal Book of a Business' - Explain.

  • 2)

    Post the following transactions direct into ledger of Akbar.

    2018 March   Rs
    1 Bought goods for Cash 25,000
    2 Sold goods for Cash 50,000
    3 Bought goods for Credit from Gopi 19,000
    5 Sold goods on Credit to Robert 8,000
    7 Received from Robert 6,000
    9 Paid to Gopi 5,000
    20 Bought furniture for Cash 7,000
  • 3)

    Explain the significance of debit and credit balances of various types of accounts.

  • 4)

    What are the steps in posting?

  • 5)

    Explain the posting of a compound journal entry with an example.

11th Standard English Medium Accountancy Subject Books of Prime Entry Creative 3 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    Explain the features of double entry system.

  • 2)

    Explain the meaning of source documents

  • 3)

    Explain the meaning of Accounting Equation.

  • 4)

    Explain the. rules for journalising.

  • 5)

    Bring out the advantages and the limitations of journal.

11th Standard English Medium Accountancy Subject Books of Prime Entry Creative 3 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    Write the transactions from the Journal Entries
    Interest A/c  Dr
    To Bank Loan A/c

  • 2)

    Write the transactions from the Journal Entries
    Cash A/c Dr.
    Discount Alc Dr.
    To Aravind A/c

  • 3)

    Write the transactions from the Journal Entries.
    Loss by fire A/c
    To Purchases A/c

  • 4)

    Write the transactions from the Journal Entries.
    Cash A/c Dr
    To Bad debts recovered A/c

  • 5)

    Write the transactions from the Journal Entries.
    Drawings A/c   Dr
    To Purchases

11th Standard English Medium Accountancy Subject Conceptual Framework of Accounting Creative 3 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    What is the need for accounting standards?

  • 2)

    Do you think that the principle of conservatism results in creating of secret reserve?

  • 3)

    Which value is reflected in the Accounting standards issued by ICAI?

  • 4)

    How does matching principle apply to depreciation?

  • 5)

    "Despite many advantages, double entry system also has some disadvantages". In the light of this statement discuss the advantages of double entry system.

11th Standard English Medium Accountancy Subject Conceptual Framework of Accounting Creative 3 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    What are the limitations of Book keeping

  • 2)

    What do you mean by IFRS?

  • 3)

    What are the basic concepts of accounting?

  • 4)

    Explain the Process of Accounting cycle.

  • 5)

    What are the objectives of book-keeping?

11th Standard English Medium Accountancy Subject Introduction to Accounting Creative 3 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    Write a note on (a) purchases, (b) sales.

  • 2)

    What is the difference between cash transaction and credit transactions?

  • 3)

    What is the difference between voucher and invoice?

  • 4)

    Explain the external users of accounting.

  • 5)

    Describe the various steps involved in accounting process?

11th Standard English Medium Accountancy Subject Introduction to Accounting Creative 3 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    What are the informational needs of internal users?

  • 2)

    Explain the objectives of Accounting?

  • 3)

    What is the process of accounting?

  • 4)

    Non-monetary transactions are not recorded in the books of accounts. Give reason and explain

  • 5)

    Is accounting an art or a Science?

11th Standard English Medium Accountancy Subject Computerised Accounting Creative 2 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    Give two examples each of the organisation whereready-to-use, 'customised' and 'tailored' accounting packages respectively are suitable to perform the accounting activity.

  • 2)

    Expands of MIS and CPU.

  • 3)

    Mention any two features of CAS.

  • 4)

    What is utility software?

  • 5)

    What is system operators?

11th Standard English Medium Accountancy Subject Computerised Accounting Creative 2 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    What is output?

  • 2)

    Name the framework of storage and processing of data, in a computerised accounting system.

  • 3)

    State the relationship between information and decision.

  • 4)

    Language syntax is checked by which software?

  • 5)

    There are people, who write programs to implement the data processing system design. Name them.

11th Standard English Medium Accountancy Subject Final Accounts of Sole Proprietors - II Creative 2 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    Give adjusting entry for depreciation at 10% p.a. on machinery of Rs.25,000.

  • 2)

    How will the following adjustment appear in the balance sheet as on 31-12-2010?
    Sundry Debtors Rs.21,000
    Bad debts to be written off Rs.1,000
    Provide 5% provision for bad and doubtful debts and 2% provision for discount on debtors.

  • 3)

    Goods worth Rs.3,00,000 were burnt by fire and claim of Rs.1,80,000 has been accepted by the insurance company. How It will be recorded in final accounts

  • 4)

    Accrued income is credited to the profit and loss account and shown in the balance sheet a current asset. Why

  • 5)

    If unearned income is credited to the profit and loss account would it be correct?

11th Standard English Medium Accountancy Subject Final Accounts of Sole Proprietors - II Creative 2 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    What is Income received hi advance?

  • 2)

    What is Interest on loan?

  • 3)

    What is depreciation?

  • 4)

    What is Bad debts?

  • 5)

    Pass Adjusting entries for the following adjustments.
    a) Provide 6% Interest on Capital of Rs. 16,00,000
    b) Rent received in advance Rs. 5,000
    c) Interest accrued on investments Rs. 2,000

11th Standard English Medium Accountancy Subject Final Accounts of Sole Proprietors - I Creative 2 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    What is Wages?

  • 2)

    What do you mean by closing stock?

  • 3)

    Definition of profit and loss account.

  • 4)

    Is it true that Profit and loss account shows the financial position of the enterprise?

  • 5)

    Is it true that profit and loss account is a point statement whereas a balance sheet is a period statement?

11th Standard English Medium Accountancy Subject Capital and Revenue Transactions Creative 2 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    What are the features of deferred revenue expenditure?

  • 2)

    What is Capital profits?

  • 3)

    State the nature of the following transactions:
    i) Carriage paid on goods purchased.
    ii) Legal expenses incurred for abuse of trade mark.
    iii) Money raised by issue of equity shares.

  • 4)

    State the nature of the following transactions.
    i) Expenditure incurred on issue of equity shares.
    ii) Cost of formation of anew company.
    iii) Cost of Rs.10,000 incurred in increasing the sitting accommodation and Rs.5,000 in repainting of cinema house.

  • 5)

    What is capital receipt?

11th Standard English Medium Accountancy Subject Final Accounts of Sole Proprietors - I Creative 2 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    Definition of trading account.

  • 2)

    What do you mean by direct expenses?

  • 3)

    Prepare a trading account of Mr. Velu from the following figures:

    Particulars Rs. Particulars Rs.
    Opening Stock 500 Sales 3,600
    Purchases 2,500 Closing stock 300
  • 4)

    Prepare a trading account of Mrs. Divya for the year ended 31st December 2017.

    Particulars Rs. Particulars Rs.
    Opening Stock 5,700 Sales 2,62,000
    Purchases 1,58,000 Sales returns 600
    Purchases returns 900 Closing stock 8,600
  • 5)

    If 'adjusted purchases' and 'closing stock' are given in the trial balance, will you transfer 'closing stock' to trading account? Give reason.

11th Standard English Medium Accountancy Subject Capital and Revenue Transactions Creative 2 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    Explain the features of revenue expenditure.

  • 2)

    Any two examples of deferred revenue expenditure.

  • 3)

    Write a note on capital receipt. Give any two examples.

  • 4)

    What is Revenue profit?

  • 5)

    Write a short note on:
    a) Capital Loss
    b) Revenue Loss

11th Standard English Medium Accountancy Subject Depreciation Accounting Creative 2 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    What is original cost method of providing depreciation?

  • 2)

    On1stJanuary 2013,acompany purchased a machine for Rs. 25,000. The estimated life of the machine 10 years after which is breakup value will be Rs. 5,000. Find out the amount of annual depreciation under Fixed Instalment Method.

  • 3)

    Abdul purchased a Machinery on 1st April for 2,00,000. After' having used it for three years it was sold for 1,60,000. Depreciation is to be provided at the rate of 10% on diminishing Balance method. Accounts are closed on' 31st March of every year. Find out the Profit or ·Loss on sale of Machinery.

  • 4)

    A machine was purchased for Rs. 30,000 on 1st January, 2014. It is expected to last for 5 years. Estimated scrap at the end of five/years is Rs. 5,000. Find out the rate of depreciation under original cost method.

  • 5)

    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.

11th Standard English Medium Accountancy Subject Depreciation Accounting Creative 2 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    What is scrap value of an asset?

  • 2)

    What do you mean by a depreciable asset? 

  • 3)

    State any two merits of Straight line method.

  • 4)

    An asset was purchased for Rs. 1,00,000. The rate of depreciation is 10% per annum. Calculate the annual depreciation for the first two years under the diminishing balance method .

  • 5)

    A machine was purchased for Rs. 1,00,000 on 1st January, 2012. It was decided to depreciate it at 10% per annuin under straight line method. Prepare machinery account for 3 years. Accounts are closed on 31st December, each year.

11th Standard English Medium Accountancy Subject Rectification of Errors Creative 2 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    What is error of omission?

  • 2)

    What is error of commission?

  • 3)

    Is it necessary that a suspense account will balance off after rectification of the errors detected by the accountant? If not, then what happens to the balance still remaining in suspense account?

  • 4)

    Will the trial balance agree in case of errors of partial omission? Why?

  • 5)

    What do you mean by errors?

11th Standard English Medium Accountancy Subject Bank Reconciliation Statement Creative 2 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    What is Bank Statement? (or) What is bank pass book?

  • 2)

    What is E-Statement?

  • 3)

    What is Alternative Presentation?

  • 4)

    Who prepares a bank statement?

  • 5)

    On 3rd, DecemberDinesh was asked to deposit cash of Rs. 1,000 in cash deposit machine in order to make a payment to one of the business' supplier. He credited the same in the bank column of the cash book.

11th Standard English Medium Accountancy Subject Bank Reconciliation Statement Creative 2 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    Which values are involved in the preparation of bank reconciliation statements?

  • 2)

    When bank column of a cash book shows a debit balance, what does it means?

  • 3)

    On 1st December, 2017, the opening balance as per cash book and bank record was the same. On 2nd December, Magesh issued a cheque for Rs. 2,000 toa supplier, but the same was entered in the credit side of the cash book as Rs. 200.

  • 4)

    Dinesh received his salary in cash for Rs. 5,000. He credited this amount in the bank column of cash book

  • 5)

    When can a bank reconciliation be prepared?

11th Standard English Medium Accountancy Subject Subsidiary Books - II Creative 2 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    What is sundries?

  • 2)

    Give a specimen of 'triple column cash book'.

  • 3)

    What is receipts?

  • 4)

    What is personal accounts?

  • 5)

    Give a specimen of analytical petty cash book.

11th Standard English Medium Accountancy Subject Subsidiary Books - II Creative 2 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    Give any two Examples for a Contra Enty.

  • 2)

    Give the specimen of 'Three column Cash book'.

  • 3)

    Cash column of the cash book will always have a debit balance. Why?

  • 4)

    Bank column of the cash book can have credit balance. Why?

  • 5)

    Can there be a credit balance in a simple cash book? State with reasons.

11th Standard English Medium Accountancy Subject Subsidiary Books - I Creative 2 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    Do you think the supplier will accept the debit note sent by the customer, as it is? If not, why will he not accept?

  • 2)

    Write notes on retiring of a bill.

  • 3)

    Write notes on renewal of a bill of exchange.

  • 4)

    What is Journal proper? For what purpose it is used?

  • 5)

    What is meant by Noting?

11th Standard English Medium Accountancy Subject Subsidiary Books - I Creative 2 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    What is Subsidiary book?

  • 2)

    What is Bills?

  • 3)

    What is trade discount?

  • 4)

    What is drawing a bill?

  • 5)

    What is due date?

11th Standard English Medium Accountancy Subject Trial Balance Creative 2 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    Do you think that the ledger account postings are error free? If not, how do you make sure that the entries are correct?

  • 2)

    Analyse the Trial Balance. Can you identify accounts that have only debit balances/credit balances always?

  • 3)

    Do you think the trial balance tallies all the time? What should be done when it does not tally?

  • 4)

    Explain the principle on which the agreement of trial balance is based.

  • 5)

    Name the different kinds of errors ..

11th Standard English Medium Accountancy Subject Trial Balance Creative 2 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    Is Trial balance an account or a statement?

  • 2)

    Is it correct to say that trial balance facilitates the preparation of financial statements?

  • 3)

    What will be the effect on trial balance if purchases return of Rs. 10,000 has been wrongly posted to the debit of sales return account but correctly entered in the customer's account?

  • 4)

    Trial Balance is a link between the ledger and final accounts. Explain.

  • 5)

    Definition of trial balance.

11th Standard English Medium Accountancy Subject Ledger Creative 2 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    Write short notes on 'Nil Balance'.

  • 2)

    A trader has been selling goods both on cash and credit bases. Most of the goods are sold on credit. The owner has lost track of 'who has to pay how much?' Is there any quick way to get this information?

  • 3)

    What will happen if an account debited or credited is left out while posting from journal to ledger?

  • 4)

    What will happen to the ledger account postings? Do you think that it will continue for an indefinite period of time? Where will the accounting process stop?

  • 5)

    What is a Loose-Leaf Ledger?

11th Standard English Medium Accountancy Subject Ledger Creative 2 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    Does debit always mean increase and credit always mean decrease?

  • 2)

    What is the purpose of a Ledger?

  • 3)

    What is the purpose of Balancing the ledger accounts?

  • 4)

    Mention the following transactions on the proper side of the kumar account.

  • 5)

    Classify the following under personal, Real and Nominal Account.

11th Standard English Medium Accountancy Subject Books of Prime Entry Creative 2 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    What is meant by Opening Journal Entry?

  • 2)

    How will you record Rs 5,000 paid for installation charges paid on new machine bought?

  • 3)

    What will be the amount of capital if cash is Rs. 5,000; Furniture Rs. 10,000; Stock Rs. 20,000 and Creditors Rs. 5,000?

  • 4)

    If the total assets of a business is Rs. 10,00,000 and outside liabilities are Rs. 2,00,000. Calculate its creditors.

  • 5)

    If the capital of a business is Rs. 5,00,000 and outside liabilities are Rs. 2,00,000. Calculate its total assets.

11th Standard English Medium Accountancy Subject Books of Prime Entry Creative 2 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    What is Cash Receipt?

  • 2)

    Give the Meaning of Debit note.

  • 3)

    What is meant by external liabilities?

  • 4)

    What is Owner's Equity? Give an equation for calculating owner's equity.

  • 5)

    How are Personal Accounts classified?

11th Standard English Medium Accountancy Subject Conceptual Framework of Accounting Creative 2 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    From which concept the basic accounting equation arises?

  • 2)

    What is cost concept

  • 3)

    What is business entity concept?

  • 4)

    What is objective evidence?

  • 5)

    What do you mean by materiality-principle?

11th Standard English Medium Accountancy Subject Conceptual Framework of Accounting Creative 2 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    What are the conventions of accounting?

  • 2)

    Define book-keeping according to R.N. Carter.

  • 3)

    What do you mean by business entity concept?

  • 4)

    What is dual aspect concept?

  • 5)

    What is convention of conservatism?

11th Standard English Medium Accountancy Subject Introduction to Accounting Creative 2 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    What do you mean by accounting cycle?

  • 2)

    What is bad debt?

  • 3)

    What is depreciation?

  • 4)

    What is purchases and purchase returns?

  • 5)

    What do you mean by solvency and Insolvency

11th Standard English Medium Accountancy Subject Conceptual Framework of Accounting Creative 2 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    What are the conventions of accounting?

  • 2)

    Define book-keeping according to R.N. Carter.

  • 3)

    What do you mean by business entity concept?

  • 4)

    What is dual aspect concept?

  • 5)

    What is convention of conservatism?

11th Standard English Medium Accountancy Subject Introduction to Accounting Creative 2 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    What do you mean by accounting cycle?

  • 2)

    What is bad debt?

  • 3)

    What is depreciation?

  • 4)

    What is purchases and purchase returns?

  • 5)

    What do you mean by solvency and Insolvency

11th Standard English Medium Accountancy Subject Introduction to Accounting Creative 2 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    What is financial accounting?

  • 2)

    What is cost accounting?

  • 3)

    What is sales?

  • 4)

    Who is a proprietor?

  • 5)

    What is meant by drawings?

11th Standard English Medium Accountancy Subject Computerised Accounting Creative 1 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    Impact of computer is seriously felt in accounting more than any other department of the ___________

  • 2)

    Computerised accounting system refers to the system of maintaining accounts using ___________

  • 3)

    Computerised accounting system facilitates the management and other users to maintain accounts and prepare _____________

  • 4)

    ______________ can perform functions at much higher speed than the speed of human beings.

  • 5)

    _____________ is free from tiredness and lack of concentration.

11th Standard English Medium Accountancy Subject Final Accounts of Sole Proprietors - II Creative 1 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    The income which has been earned during the current accounting year but .not received till the end of that accounting year is called as _____

  • 2)

    ______ is treated asbusiness expense.

  • 3)

    ______ is provided because the proprietor is separate from the business.

  • 4)

    The decrease in value of fixed assets due to usage or passage of time is called ______

  • 5)

    _______ is a loss for the business and should be adjusted against profit.

11th Standard English Medium Accountancy Subject Final Accounts of Sole Proprietors - II Creative 1 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    The expenses and incomes for the full accounting period must be taken into account while preparing ______

  • 2)

    _____ principle requires that generally the revenue should be recognised in the period in which sale is deemed to have occurred.

  • 3)

    ______ earned during the period must be compared with the expenses incurred during the period.

  • 4)

    The unsold goods in stock at the end of the accounting period Is termed as ______

  • 5)

    Outstanding expense account is a representative ______ account.

11th Standard English Medium Accountancy Subject Computerised Accounting Creative 1 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    Expand CAS ________

  • 2)

    __________ packages are used by medium or large business enterprises.

  • 3)

    __________ is an identification mark.

  • 4)

    ___________ codes are applied primarily to source documents.such as cheques, invoices, etc.

  • 5)

    ___________code can facilitate document search.

11th Standard English Medium Accountancy Subject Final Accounts of Sole Proprietors - I Creative 1 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    All the expenses incurred on the purchase of goods are ____________

  • 2)

    Trading account is a __________ account.

  • 3)

    ____________ is a tax levied by the local authority when the purchased goods enter the municipal limits.

  • 4)

    ___________ is the amount paid to the owner of a mine or a patent for using owner's right.

  • 5)

    The goods remaining unsold at the end of the accounting period are known as ___________

11th Standard English Medium Accountancy Subject Final Accounts of Sole Proprietors - I Creative 1 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    At the end of the accounting year the balance in purchases returns account is closed by transferring to __________ account.

  • 2)

    ___________ refers to buying and selling of goods with the intention of making profit.

  • 3)

    ____________ account is prepared to find out the difference between the revenue from sales and cost of goods sold.

  • 4)

    _____________ refers to directly related cost.

  • 5)

    If the amount of sales exceeds the cost of goods sold, the difference is ____________

11th Standard English Medium Accountancy Subject Capital and Revenue Transactions Creative 1 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    ___________ is received in the normal course of business

  • 2)

    The loss which is not incurred in the normal course of business is ___________

  • 3)

    Transaction which provide benefit to the business for more than one year is called as ___________

  • 4)

    Amount spent on remodelling an old car is an example of ______________

  • 5)

    Shanthi introduces Rs.50,000 as additional capital in the business. This amount will be considered as _____________.

11th Standard English Medium Accountancy Subject Capital and Revenue Transactions Creative 1 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    In the accounting cycle ___________ items are to be shown in the trading and profit and loss account.

  • 2)

    ___________ items are to be shown in the Balance sheet.

  • 3)

    The benefits of ___________ are available for more than one year.

  • 4)

    ____________ is recurring in nature.

  • 5)

    Depreciation on fixed asset is an example of ____________

11th Standard English Medium Accountancy Subject Depreciation Accounting Creative 1 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    ____________ method is appropriate for the fixed assets having certain period of working life.

  • 2)

    ____________ is also knonw as written downvalue method or reducing instalments method.

  • 3)

    ___________ method is recognised and accepted by income tax authorities.

  • 4)

    If original cost of the asset is Rs.1,00,000 and the rate of depreciation is 10% per annum. The depreciation in the first year will be Rs.___________

  • 5)

    _________________ method, the amount spent on the purchase of an asset is regarded as an investment.

11th Standard English Medium Accountancy Subject Depreciation Accounting Creative 1 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    In every business, certain ____________ assets are usedfor the conduct' of business operations.

  • 2)

    The assets that are not depreciated are referred to as ___________ assets.

  • 3)

    _________ is a non-depreciable asset.

  • 4)

    ____________ is a statement of financial position of a business.

  • 5)

    The written down value is the true value of ________ assets

11th Standard English Medium Accountancy Subject Rectification of Errors Creative 1 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    ________________ account will remain in the books until the location and rectification of errors.

  • 2)

    When errors are located and rectified, _______________ automatically gets closed.

  • 3)

    Errors which affect one side of an account are called ___________

  • 4)

    Amount spent on servicing office Typewriter should be debited to:

  • 5)

    Wages paid to workers for the installation of a new machinery should be debited to :

11th Standard English Medium Accountancy Subject Rectification of Errors Creative 1 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    Many business enterprises have shifted from manual accounting to ________________ accounting.

  • 2)

    The failure of the accountant to record a transaction in the books of accounts is known as ________________

  • 3)

    When the accountant has failed to record a transaction partially, it is known as ________________

  • 4)

    _______________ usually occurs due to lack of concentration or carelessness of the accountant.

  • 5)

    The errors that make up for each other or neutralise each other are known as _______________

11th Standard English Medium Accountancy Subject Bank Reconciliation Statement Creative 1 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    Debit balance in the Cash book means________________

  • 2)

    When balance as per Cash book is the starting point, to ascertain balance as per Pass book interest allowed by bank is______________

  • 3)

    When balance as per Cashbook is the starting point to ascertain balance as per Pass book interest charged by bank is__________________

  • 4)

    A bank pass book is a copy of_____________

  • 5)

    The bank statement shows on overdrawn balance of Rs. 2,000. A cheque for Rs. 500 drawn in favour of a creditor has not yet been presented for payment. When the creditor presents the cheque for payment, the bank balance will be __________

11th Standard English Medium Accountancy Subject Bank Reconciliation Statement Creative 1 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    ________________can also be made through bank

  • 2)

    _______________is simply a copy of the customer's account in the books of a bank.

  • 3)

    In recent times, the copy of the records can be obtained by the customer electronically, which is called _______________

  • 4)

    ___________is not possible to have unfavourable cash balance in the cash book.

  • 5)

    _______________can be prepared either from the balance as per cash book or bank statement.

11th Standard English Medium Accountancy Subject Subsidiary Books - II Creative 1 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    The ______________ column Cash book is prepared on the lines of simple cash book

  • 2)

    All the transactions which decrease bank balance are recorded in the ___________ column on the Credit side.

  • 3)

    In addition to cash dealings, every business may use cheques as a means of ___________

  • 4)

    For the purpose of accounting, cheques received are treated as ______________

  • 5)

    The amount given to the petty cashier in advance is known as ____________

11th Standard English Medium Accountancy Subject Subsidiary Books - II Creative 1 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    __________ is the most important subsidiary book.

  • 2)

    ____________ is maintained by every business, whether small or large is size

  • 3)

    __________ Cash Book has only one amount column that is cash column

  • 4)

    _________ transactions are not recorded in the cash book

  • 5)

    ___________ discount is allowed to the parties making prompt or immediate payment.

11th Standard English Medium Accountancy Subject Subsidiary Books - I Creative 1 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    ______ is the statement prepared by the seller of goods.

  • 2)

    Entries in the purchases day book are made from invoices which are popularly known as _____

  • 3)

    Business concerns are always profit motivated and try to increase their _____

  • 4)

    ______ is an allowance given on list or catalogue price of the article at the time of selling.

  • 5)

    _____ is maintained to record only credit sale of goods in which the business dealing.

11th Standard English Medium Accountancy Subject Subsidiary Books - I Creative 1 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    Instead of recording in one journal, the transactions are recorded in a number of prescribed books called ____

  • 2)

    The sub-division of work gives the advantage of specialisation leading to _____

  • 3)

    ______ is one of the most important books, in which credit purchases of goods are recorded.

  • 4)

    Purchases book does not keep record of purchases of _____

  • 5)

    ______ is the statement prepared by the seller of goods.

11th Standard English Medium Accountancy Subject Trial Balance Creative 1 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    _____________ is prepared on a specific data.

  • 2)

    ____________ method is not commonly used as it cannot help in the preparation of financial statements.

  • 3)

    The ____________ method is widely used, as it helps in the preparation of financial statements.

  • 4)

    Suspense account in the trial balance is entered in the ______________.

  • 5)

    Suspense account having credit balance will be shown on the _____________.

11th Standard English Medium Accountancy Subject Trial Balance Creative 1 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    ______________ is a statement containing the debit and credit balances of all ledger accounts on a particular date.

  • 2)

    The preparation of ___________ is the third step in the accounting process.

  • 3)

    The first step is recording the business transactions in ____________.

  • 4)

    ______________helps to check the arithmetical accuracy of entries made in the accounting records.

  • 5)

    The trial balance helps in discovering errors which may have been committed in the __________.

11th Standard English Medium Accountancy Subject Ledger Creative 1 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    Real accounts always show _________________

  • 2)

    Accounts having credit balance is closed by writing ________________

  • 3)

    The balances of Personal and Real Accounts are shown in the ______________

  • 4)

    Normally, in a majority of business concern, the ledger is a _______________

  • 5)

    In big concerns, the ledger is ________________

11th Standard English Medium Accountancy Subject Ledger Creative 1 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    The ledger account is prepared in ______________ format.

  • 2)

    The process of transferring the debit and credit items from the journal to the ledger accounts is called _______________

  • 3)

    When a journal entry has more than one debit or more than one credit or both, it is called a _________________

  • 4)

    Ledger is a book of _______________

  • 5)

    Personal and real accounts are _____________

11th Standard English Medium Accountancy Subject Books of Prime Entry Creative 1 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    Record of business transactions in the journal is known as_____________

  • 2)

    The receiving aspect in a transaction is called _________.

  • 3)

    The giving aspect in a transaction is caned ___________.

  • 4)

    Capital account is classified under________.

  • 5)

    Commission received is an example of_________.

11th Standard English Medium Accountancy Subject Books of Prime Entry Creative 1 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    ________ starts with identifying business transactions involving money or money's worth.

  • 2)

    ____________ are recorded as and when they take place with the written and authentic proof.

  • 3)

    ______ is used for credit purchases and credit sales.

  • 4)

    ________ is prepared in three copies.

  • 5)

    _______ is prepared in duplicate and the original is sent to the seller.

11th Standard English Medium Accountancy Subject Conceptual Framework of Accounting Creative 1 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    __________________ is basically generating financial information.

  • 2)

    _____________ is the process of managing the income and expenses of a business firm.

  • 3)

    ____________ is a branch of knowledge.

  • 4)

    __________ concept helps in keeping business affairs free from the influence of personal affairs of the owner.

  • 5)

    According to _____________ concept only business transactions are recorded.

11th Standard English Medium Accountancy Subject Conceptual Framework of Accounting Creative 1 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    The profounder of double entry system of book-keeping is ___________

  • 2)

    Which of the following does not follow dual aspect concept?

  • 3)

    ___________ is the process of recording business transactions in the books of accounts in a systematic way.

  • 4)

    When money came into existence, ____________ activities involving money also flourished along with it.

  • 5)

    ___________ involves recording business transactions of financial nature in the books of accounts.

11th Standard English Medium Accountancy Subject Introduction to Accounting Creative 1 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    The industrial revolution took place in ______________

  • 2)

    Double- entry book-keeping first emerged in Italy in the ___________ century.

  • 3)

    ______________ wrote his 'Summa de arithmetical'.

  • 4)

    _____________ provides the relevant data to make appropriate decisions.

  • 5)

    Accounting works as a tool for measuring past performance of the ___________ enterprises.

11th Standard English Medium Accountancy Subject Introduction to Accounting Creative 1 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    _____________has rightly been termed as the language of the business.

  • 2)

    _____________must be properly maintained to increase their productivity.

  • 3)

    ____________of a business have to be repaid in due time.

  • 4)

    ____________also require accounting records to submit in courts to prove their claims.

  • 5)

    Accounting is not a modern concept and it is as old as _____________

11th Standard English Medium Accountancy Subject Book Back 5 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    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

  • 2)

    Show the direct ledger postings for the following transactions:

    2017 June   Rs.
    1 Raja commenced business with cash 50,000
    6 Sold goods for cash   8,000
    8 Sold goods to Devi on credit   9,000
    15 Goods purchased for cash  4,000
    20 Goods purchased from Shanthi on credit   5,000
  • 3)

    From the following balances of Rohini, prepare the trial balance as on 31.03.2018.

      Rs   Rs
    Capital 60,000 Sales 82,000
    Dlscount received 3,250 Lighting 800
    Purchases 58,000 Drawings 5,250
    Plant and machinery 40,000 Car expenses 1,200
    Advertising expenses 5,000 Motor car 35,000
  • 4)

    Prepare Purchases book and Sales book in the books of Santhosh Textiles Ltd., from the following transactions given for April 2017.

     2017 April 1   Purchased goods from Prasad, Kancheepuram on credit 
        100 meters Silk @ Rs. 450 per meter
        75 meters Velvet @ Rs. 180 per meter
     April 10   Sold goods to Rathinam, Chennai on credit
        60 meters Silk @ Rs. 490 per meter
        50 meters Velvet @ Rs. 210 per meter
    April 18   Nathan & Sons purchased from us on credit
        100 meters Silk @ Rs. 510 per meter
    April 20   Purchased goods from Hari Ram & Sons, Madurai on credit  
         50 rolls kada cloth @ Rs. 730 per roll
        80 rolls cotton cloth @ Rs. 650 per roll
    April 24   Purchased from Mohan, Karur for cash
         Shirting cloth @ Rs. 7,000
        Sarees @ Rs. 25,000
  • 5)

    Enter the following transactions in a single column cash book of Ramalingam for month of July, 2017.

      Particulars Rs
    July 1 Cash in hand 32,000
    5 Received from Keerthana 5,000
    6 Paid packing charges in cash 300
    7 Cash purchases 12,400
    8 Sold goods for cash 2,600
    10 Paid salary to manager in cash 7,000
    11 Paid to Bala 3,000
    12 Purchased goods from Bose 2,500
    24 Cash deposited into bank through CDM 4,000
    27 Withdraw cash from bank 2,000
    31 Paid office rent in cash 6,000

11th Standard English Medium Accountancy Subject Book Back 5 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    For the following transactions, show the effect on accounting equation.
    (a) Raj Started business with cash Rs. 40,000
    (b) Opened bank account with a deposit of Rs. 30,000
    (c) Bought goods from Hari on credit for Rs. 12,000
    (d) Raj withdrew cash for personal use Rs. 1,000
    (e) Bought furniture by using debit card for Rs. 10,000
    (f) Sold goods to Murugan and cash received Rs. 6,000
    (g) Money withdrawn from bank for office use Rs. 1,000

  • 2)

    Prepare Anand's account from the following details.

    2017 July   Rs
    1 Credit balance of Anand's A/c 4,000
    15 Amount paid to Anand 2,000
    18 Goods purchased from Anand on credit  8,000
    20 Paid to Anand 3,960
      Discount allowed by him 40
    25 Goods purchased from Anand 5,000
  • 3)

    Prepare the trial balance from the following information:

    Name of the account Rs Name of the account Rs
    Bank Loan  2,00,000 Purchases  1,80,000
    Bills Payable 1,00,000 Sales 3,00,000
    Stock 70,000 Debtors 4,00,00
    Capital 2,50,000 Bank 2,00,000
  • 4)

    Enter the following credit transactions in the purchases book of Manoharan, a Provisions Merchant.

    2017 May 2 Bought from Vasu 100 bags of rice @ Rs. 800 per bag
    May 8 Bought from Cheyyar Sugar Mills Ltd., 20 bags of sugar @ Rs. 2,600 Per bag
    May 10 Bought from Ram Flour Mill, Coimbatore, 10 bags of wheat flour @ Rs. 750 per bag
    May 15 Bought from Nilgiri Tea Co., Nilgiris, 15 cases of tea @ Rs. 900 per case
    May 25 Bought from Sairam Coffee Works Ltd., 100 kgs of Coffee @ Rs. 190 per kg
    May 29 Bought from X & Co. furniture worth Rs. 2,000
  • 5)

    Enter the following transactions in a single column cash book of Ramalingam for month of July, 2017.

      Particulars Rs
    July 1 Cash in hand 32,000
    5 Received from Keerthana 5,000
    6 Paid packing charges in cash 300
    7 Cash purchases 12,400
    8 Sold goods for cash 2,600
    10 Paid salary to manager in cash 7,000
    11 Paid to Bala 3,000
    12 Purchased goods from Bose 2,500
    24 Cash deposited into bank through CDM 4,000
    27 Withdraw cash from bank 2,000
    31 Paid office rent in cash 6,000

11th Standard English Medium Accountancy Subject Book Back 3 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    State the principles of double entry system of book keeping.

  • 2)

    Show the accounting equation on the basis of the following transactions:
    i) Ramya started business with Cash   Rs.25,000
    ii) Purchases goods from Harsha   Rs.20,000
    iii) Sold goods to Amala costing Rs.18,000    Rs.25,000
    iv) Ramya withdrew from business   Rs.5,000

  • 3)

    What are the limitations of trial balance?

  • 4)

    What are the advantages of subsidiary books?

  • 5)

    Prepare bank reconciliation statement as on 31st December 2017 from the following information:
    (a) Balance as per bank statement (pass book) is Rs.25,000.
    (b) No record has been made in the cash book for a dishonour of a cheque for Rs.250.
    (c) Cheques deposited into bank amounting to Rs.3,500 were not yet collected.
    (d) Bank charges of Rs.300 have not been entered in the cash book.
    (e) Cheques issued amounting to Rs.9,000 have not been presented for payment.

11th Standard English Medium Accountancy Subject Book Back 3 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    Discuss in detail the importance of accounting

  • 2)

    "Only monetary transactions are recorded in accounting". Explain the statement.

  • 3)

    State the principles of double entry system of book keeping.

  • 4)

    Prepare cash account from the following transactions for the month of January 2018. (Direct Ledger Posting)

      Jan 1    Commenced business with cash Rs. 62,000  
    3    Goods purchased for cash Rs. 12,000
    10    Goods sold for cash Rs. 10,000
    12    Wages paid Rs. 4,000
    25    Furniture purchased for cash Rs. 6,000
  • 5)

    The following trial balance has certain errors. Redraft it.

     S.No   Name of account   L.F   Debit balance 
    Rs.
     Credit balance 
    Rs.
    1  Building   60,000  
    2  Machinery   17,000  
    3  Returns outward   2,600  
    4  Bad debts   2,000  
    5  Cash   400  
    6  Discount received     3,000  
    7  Bank overdraft   10,000  
    8  Creditors   50,000  
    9  Purchases   1,00,000  
    10  Capital     72,800
    11  Fixtures     5,600
    12  Sales     1,04,000
    13  Debtors     60,000
    14  Interest received     2,600
       Total   2,45,000 2,45,000

11th Standard English Medium Accountancy Subject Book Back 2 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    State whether the balance of the following accounts should be placed in the debit or the credit column of the trial balance
    (i) Carriage outwards
    (ii) Carriage inwards
    (iii) Sales
    (iv) Purchases
    (v) Bad debts
    (vi) Interest paid
    (vii) Interest received
    (viii) Discount received
    (ix) Capital
    (x) Drawings
    (xi) Sales returns
    (xii) Purchase returns

  • 2)

    What is journal proper ?

  • 3)

    What is cash book?

  • 4)

    Do you agree on the following statements? Write "yes" if you agree, and write "no" if you disagree.
    (a) Bank reconciliation statement is prepared by the banker.
    (b) Adjusting the cash book before preparing the bank reconciliation statement is compulsory.
    (c) Credit balance as per bank statement is an overdraft.
    (d) Bank charges debited by the bank increases the balance as per bank statement.
    (e) Bank reconciliation statement is prepared to identify the causes of differences between balance as per bank column of the cash book and balance as per cash column of the cash book.

  • 5)

    Give journal entries to rectify the following errors discovered after the preparation of trial balance:
    (a) Purchases book was overcast by Rs.10,000.
    (b) Repairs to furniture of Rs.500 was debited to furniture account.
    (c) A credit sale of goods to Akilnilavan for Rs.456 was credited to his account as Rs.654.

11th Standard English Medium Accountancy Subject Book Back 2 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    What are the steps involved in the process of accounting?

  • 2)

    What is meant by accounting concepts?

  • 3)

    What are source documents?

  • 4)

    What is a ledger?

  • 5)

    State whether the balance of each of the following accounts should be placed in the debit or the credit column of the trial balance.
    1) Sundry debtors
    2) Creditors
    3) Cash in hand
    4) Bank overdraft
    5) Salary
    6) Discount allowed
    7) Plant and machinery
    8) Furniture

11th Standard English Medium Accountancy Subject Book Back 1 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    Financial position of a business is ascertained on the basis of ______.

  • 2)

    The rule of stock valuation 'cost price or realisable value' whichever is lower is based on the accounting principle of :

  • 3)

    Prepaid rent is a  

  • 4)

    The process of finding the net amount from the totals of debit and credit columns in a ledger is known as

  • 5)

    A list which contains balances of accounts to know whether the debit and credit balances are matched is _______

11th Standard English Medium Accountancy Subject Book Back 1 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    Which one of the following is not a main objective of Accounting?

  • 2)

    The concept which assumes that a business will last indefinitely is

  • 3)

    'Cash withdrawn by the proprietor from the business for his personal use' causes

  • 4)

    The process of transferring the debit and credit items from journal to ledger accounts is called 

  • 5)

    After the preparation of ledger, the next step is the preparation of

11th Standard English Medium Accountancy Subject Computerised Accounting Book Back 5 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    From the data given below
    i) Fill the address in B3 using CONCATENATE Function.
    ii) Change KAMARAJAR SALAI given in C2 as lower case in C3
    iii) Change Chennai given in D2 as upper case in D3

      A B C D E
    1 NAME HOUSE NO. STREET PLACE PINCODE
    2 ANAND 123 KAMARAJAR SALAI Chennai 600018
  • 2)

    Sara Ltd., sells goods on credit basis. Their policy is to charge interest @ 2% p.a., for the period of default. From the following data, find out the amount to be collected from each customer. Assume 365 days in the year.

    Customer Sales Date of Sales Period of Credit
    (days)
    Date of
    Settlement
    M 25,000 10-04-2016 60 05-07-2016
    N 14,000 28-05-2016 30 25-07-2016
    P 28,000 14-07-2016 45 25-08-2016
    R 54,000 03-08-2016 90 02-01-2017
  • 3)

    Prepare payroll of the following employees.

      A B
    1 Name Basic pay(Rs.)
    2 Sasi 8000
    3 Hari 10000
    4 Karthi 6500
    5 Viji 12000
    6 Soni 9000

    Additional information:
    a. DA: 125% of basic pay
    b. HRA: Rs.4,000 for employees basic pay greater than Rs.8,000, for others Rs.2,500.
    c. PF Contribution: 12% of basic pay and DA
    d. TDS: 10% for Gross pay greater than Rs.25,000, otherwise NIL.

  • 4)

    The total sales volume (Product wise) of TECH Ltd for the year 2016-2017 is given below:

    Product Sales
    Toothpaste 22000
    Toothbrush 11000
    Hair Oil 9000
    Shampoo 13000
    Toilet Soap 9500

    a) Present the data in a column chart
    b) Change the chart type to line chart.

  • 5)

    Sales volume of Moon Ltd during 2017 is given below.
    Draw Pie chart

      A B C D E F G
    1 CITY Chennai Coimbatore Madurai Trichy Tanjore Tirunelveli
    2   SALES
    (Rs in lakhs)
    500 350 250 250 200 150

11th Standard English Medium Accountancy Subject Final Accounts of Sole Proprietors - II Book Back 5 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    Abstracts from the trial balance as on 31st March, 2016:

    Particulars Debit Rs.
    Sundry debtors 52,000
    Bad debts 1,000

    Adjustments:
    (i) Additional bad debts Rs. 2,000
    (ii) Create 5% provision for bad and doubtful debts
    You are required to pass necessary adjusting entries and show how these items will appear in final accounts.

  • 2)

    Abstracts from the trial balance as on 31st December, 2016:

     Particulars   Debit Rs.   Credit Rs. 
      Sundry debtors       1,04,000  
      Bad debts 5,000  
      Provision for bad and doubtful debts      2,000

    Adjustments:
    (i) Additional bad debts amounted to Rs. 4,000.
    (ii) Create a provision for bad and doubtful debts @ 5% on sundry debtors.
    Pass necessary adjusting entries and show how the different items appear in final accounts.

  • 3)

    Prepare trading account from the following ledger balances presented by P. Sen as on 31st March 2016.

     Particulars   Rs.   Particulars   Rs. 
      Stock (1-4-2015)       10,000   Sales     3,00,000
      Purchases   1,60,000   Returns inward    16,000
      Wages 30,000   Returns outward    10,000
      Carriage inwards    10,000   Gas and Fuel 8,000
      Freight inwards 8,000    

    Additional information:
    (a) Stock on 31st March, 2016 Rs. 20,000
    (b) Outstanding wages amounted to Rs. 4,000
    (c) Gas and fuel was paid in advance for Rs. 1,000.

  • 4)

    From the following balances as on 31st December, 2017, prepare profit and loss account.

     Particulars   Rs   Particulars   Rs 
      Gross profit       50,000   Rent received       2,000
      Salaries 18,000   Discount received    3,000
      Office rent paid    12,000   Carriage outwards 2,500
      Advertisement 8,000   Fire insurance premium   6,500

    Adjustments:
    (a) Rent accrued but not yet received Rs. 500
    (b) Fire insurance premium prepaid to the extent of Rs. 1,500
    (c) Provide manager’s commission at 10% on profits before charging such commission.

  • 5)

    The following balances were extracted from the books of Thomas as on 31st March, 2018

    Particulars Rs. Particulars Rs.
    Purchases 75,000 Capital 60,000
    Returns inward 2,000 Creditors 30,000
    Opening stock 10,000 Sales 1,20,000
    Freight inwards 4,000 Returns outward 1,000
    Wages 2,000    
    Investments 10,000    
    Bank charges 1,000    
    Land 30,000    
    Machinery 30,000    
    Building 25,000    
    Cash at bank 18,000    
    Cash in hand 4,000    
      2,11,000   2,11,000

    Additional information:
    (a) Closing stock Rs. 9,000
    (b) Provide depreciation @ 10% on machinery
    (c) Interest accrued on investment Rs. 2,000
    Prepare trading account, profit and loss account and balance sheet.

11th Standard English Medium Accountancy Subject Final Accounts of Sole Proprietors - II Book Back 5 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    From the following particulars presented by Thilak for the year ended 31st March 2017, prepare profit and loss account.

     Particulars   Rs.   Particulars   Rs. 
      Gross profit        1,00,000   Interest received       6,000
      Rent paid 22,000   Bad debts 2,000
      Salaries 10,000   Provision for bad debts (1-4-2016)    4,000
      Commission (Cr.)  12,000   Sundry debtors 40,000
      Discount received    2,000   Buildings     80,000
      Insurance premium paid    8,000    

    Adjustments:
    (a) Outstanding salaries amounted to Rs. 4,000
    (b) Rent paid for 11 months
    (c) Interest due but not received amounted to Rs. 2,000
    (d) Prepaid insurance amounted to Rs. 2,000
    (e) Depreciate buildings by 10%
    (f) Further bad debts amounted to Rs. 3,000 and make a provision for bad debts @ 5% on sundry debtors
    (g) Commission received in advance amounted to Rs. 2,000.

  • 2)

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

     Particulars   Rs.   Particulars   Rs. 
      Stock on 01.01.2016        9,000   Bad debts    1,200
      Purchases  22,000   Sundry expenses    1,800
      Sales 42,000   Discount allowed 1,700
      Expenses on purchases   1,500   Expenses on sale 1,000
      Bank charges paid 3,500   Repairs on office furniture    600

    Adjustments:
    a) Closing stock on, 31st December, 2016 was Rs. 4,500
    b) Manager is entitled to receive commission @ 5% of net profit after providing such commission.

  • 3)

    Given below are the balances extracted from the books of Nagarajan as on 31st March, 2016.

    Particulars Rs. Particulars Rs.
    Purchases 10,000 Sales 15,100
    Wages 600 Commission received 1,900
    Freight inwards 750 Rent received 600
    Advertisement 500 Creditors 2,400
    Carriage outwards 400 Capital 5,000
    Cash 1,200    
    Machinery 8,000    
    Debtors 2,250    
    Bills receivable 300    
    Stock on 1st January, 2016 1,000    
      25,000   25,000

    Prepare the trading and profit and loss account for the year ended 31st March, 2016 and the balance sheet as on that date after adjusting the following:
    (a) Commission received in advance Rs. 400
    (b) Advertisement paid in advance Rs. 150
    (c) Wages outstanding Rs. 200
    (d) Closing stock on 31st March 2016, Rs. 2,100

  • 4)

    Consider the following balances extracted from the books of Jain as on 31st December, 2016. Prepare the final accounts.

    Particulars Rs. Particulars Rs.
    Capital 20,000 Office Salaries 6,600
    Debtors 8,000 Establishment expenses 4,500
    Creditors 10,500 Selling expenses 2,300
    Purchases 60,000 Furniture 10,000
    Sales 80,000 Cash at bank 2,400
    Income tax of Jain paid 500 Miscellaneous receipts 600
    Opening stock 12,000 Drawings 4,800

    Adjustments :
    (a) Salaries outstanding for December, 2016 amounted to Rs. 600
    (b) Provide depreciation on furniture @ 10% p.a.
    (c) Provide interest on capital for the year @ 5% p.a.
    (d) Stock on 31st December, 2016 Rs. 14,000

  • 5)

    From the trial balance of Ajith and the adjustments given below, prepare trading and profit and loss A/c for the year ended 31st March, 2016 and the balance sheet as on that date.

     Particulars   Debit Rs.   Particulars   Credit Rs. 
      Opening stock       15,000   Capital    25,000
      Furniture and fixtures   30,000   Returns outward   1,000
      Purchases 40,000   Bills payable 10,000
      Sales returns 2,000   Sales   1,24,000
      Carriage inwards 10,000   Provision for doubtful debts     500
      Office rent 23,000   Provision for discount on debtors    100
      Sundry debtors 20,100    
      Bank balance 19,600    
      Bad debts 900    
      1,60,600   1,60,600

    Adjustments:
    (a) Stock at the end of the year was Rs. 8,000
    (b) Further bad debts amounted to Rs. 100
    (c) Create 2% provision for doubtful debts on sundry debtors
    (d) Create 1% provision for discount on sundry debtors.

11th Standard English Medium Accountancy Subject Final Accounts of Sole Proprietors - I Book Back 5 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 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.

11th Standard English Medium Accountancy Subject Final Accounts of Sole Proprietors - I Book Back 5 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    From the following particulars, prepare profit and loss account for the year ended 31st December 2017.

     Particulars   Rs   Particulars   Rs 
      Gross profit          21,05,000   Discount allowed      30,000
      Trade expenses    20,000   Office lighting 19,800
      Carriage on sales     1,00,000   Commission received    14,400
      Office salaries 2,38,000   Interest on loan 22,000
      Postage (office) 2,200   Stationery (office) 14,000
      Legal charges 4,000   Export duty (on sales)    23,000
      Audit fees 16,000   Miscellaneous receipts     5,000
      Donation given 11,000   Travelling expenses related to sales    66,000
      Sundry expenses 3,600   Selling expenses 53,200
  • 2)

    From the following trial balance of Sharan, prepare trading and profit and loss account for the year ending 31st December 2017 and balance sheet as on that date. The closing stock on 31st December 2017 was valued at Rs. 2,50,000.

     Debit Balances   Rs.  Credit Balances   Rs. 
      Stock (1-1-2017)        2,00,000   Sundry creditors        12,000
      Purchases 7,50,000   Purchases returns     30,000
      Carriage inwards  75,000   Sales   10,20,000
      Wages 3,65,000   Commission received    53,000
      Salaries 1,20,000   Capital 33,00,000
      Repairs 12,000    
      Rent and taxes 2,80,000    
      Cash in hand 97,000    
      Land 21,50,000    
      Drawings 1,66,000    
      Bank deposits 2,00,000    
      44,15,000   44,15,000
  • 3)

    From the following information, prepare profit and loss account for the year ending 31st December 2016.

     Particulars   Rs   Particulars   Rs 
      Gross loss     60,000   Printing and stationery (office)      2,000
      Promotional expenses    5,000   Legal charges 5,000
      Distribution expenses       15,000   Bad debts 1,000
      Commission paid 7,000   Depreciation 2,000
      Interest on loan paid 5,000   Rent received 4,000
      Packing charges (on sales)    4,000   Loss by fire not covered by insurance    3,000
      Dividend received 3,000     
  • 4)

    From the following balances extracted from the books of a trader, ascertain gross profit and net profit for the year ended March 31, 2017.

     Particulars   Rs   Particulars   Rs 
      Sales      72,250   Purchases    32,250
      Opening stock    7,600   Sales returns    1,250
      Purchases returns    250   Rent 300
      Stationery and printing (office)    250   Salaries 3,000
      Miscellaneous expenses 200   Travelling expenses (on sales)    1,800
      Advertisement 500   Commission paid 150
      General expenses 2,500   Office Expenses 1,600
      Dividend received 2,500   Wages 2,600
      Loss on sale of old furniture   300   Profit on sale of investments 500
  • 5)

    From the Trial balance, given by Saif, prepare final accounts for the year ended 31st March 2018 in his books.

     Debit Balances   Rs   Credit Balances   Rs 
      Land     40,000   Purchases returns         15,000
      Opening stock      40,000   Bill payable 7,000
      Machinery 66,000   Capital 1,50,000
      Purchases 1,30,000   Sales 2,20,000
      Wages 35,000   Creditors 60,000
      Interest paid 13,000    
      Cash 2,300     
      Debtors   80,000    
      Bill receivable 15,000    
      Office rent paid 12,700    
      Furniture 3,000    
      Drawings 5,000     
      Sales returns 10,000    
      4,52,000   4,52,000

    Closing stock (31-12-2017) Rs. 14,500.

11th Standard English Medium Accountancy Subject Capital and Revenue Transactions Book Back 5 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    State whether the following expenditures are capital, revenue or deferred revenue.
    i) Advertising expenditure, the benefits of which will last for three years.
    ii) Registration fees paid at the time of registration of a building.
    iii) Expenditure incurred on repairs and whitewashing at the time of purchase of an old building in order to make it usable.

  • 2)

    Classify the following items into capital and revenue.
    i) Registration expenses incurred for the purchase of land.
    ii) Repairing charges paid for remodelling the old building purchased.
    iii) Carriage paid on goods purchased.
    iv) Legal expenses paid for raising of loans

  • 3)

    Classify the following items into capital and revenue.
    i) Rs.50,000 spent for railway siding.
    ii) Loss on sale of old furniture. 
    iii) Carriage paid on goods sold.

  • 4)

    Classify the following receipts into capital and revenue.
    i) Sale proceeds of goods Rs.75,000.
    ii) Loan borrowed from bank Rs.2,50,000
    iii) Sale of investment Rs.1,20,000.
    iv) Commission received Rs.30,000.
    v) Rs.1,400 wages paid in connection with the erection of new machinery.

  • 5)

    Identify the following items into capital or revenue.
    i) Audit fees paid  Rs.10,000.
    ii) Labour welfare expenses Rs.5,000.
    iii) Rs.2,000 paid for servicing the company vehicle.
    iv) Repair to furniture purchased second hand Rs.3,000.
    v) Rent paid for the factory Rs.12,000

11th Standard English Medium Accountancy Subject Depreciation Accounting Book Back 5 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    On 1st January 2015, a second hand machine was purchased for Rs. 58,000 and Rs. 2,000 was spent on its repairs. On 1st July 2017, it was sold for Rs. 28,600. Prepare the machinery account for the years 2011 to 2013 under written down value method by assuming the rate of depreciation as 10% p.a. and the accounts are closed on 31st December every year.

  • 2)

    Raj & Co purchased a machine on 1st January 2014 for Rs. 90,000. On 1st July 2014, they purchased another machine for Rs. 60,000. On 1st January 2015, they sold the machine purchased on 1st January 2014 for Rs. 40,000. It was decided that the machine be depreciated at 10% per annum on diminishing balance method. Accounts are closed on 31st December every year. Show the machinery account for the years 2014 and 2015.

  • 3)

    Ramu Brothers purchased a machine on 1st July 2016 at a cost of Rs.14,000 and spent Rs.1,000 on its installation. The firm writes off depreciation at 10% of original cost every year. The books are closed on 31st December every year. Give journal entries and prepare machinery account and depreciation account for 2 years

  • 4)

    Anand bought a machinery for Rs.1,00,000 on 1-1-2015. On 1-6-2016, he bought another machine for Rs.50,000. On 1-10-2017, he purchased another machine for Rs.20,000. Provide depreciation at 10% p.a. on straight line method. Prepare machinery account for the years 2015 to 2017 by using accounts by assuming accounts are closed on 31st December every year.

  • 5)

    A Ltd., purchased a machine on 1st January 2014 for Rs. 60,000. On 1st July 2014, it purchased another machine for Rs. 50,000. On 1st July 2015, the company sold the machine purchased on 1st January 2014 for Rs. 40,000. It was decided that the machine be depreciated at 10% per annum on diminishing balance method. Show the machinery account for the years 2014 to 2016. The accounts are closed on December 31st, every year.

11th Standard English Medium Accountancy Subject Depreciation Accounting Book Back 5 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    From the following particulars, give journal entries for 2 years and prepare machinery account under straight line method of providing depreciation:
    Machinery was purchased on 1.1.2016
    Price of the machine Rs. 36,000
    Freight charges Rs. 2,500
    Installation charges Rs. 1,500
    Life of the machine 5 years

  • 2)

    A manufacturing company purchased on 1 April, 2010, a plant and machinery for Rs. 4,50,000 and spent Rs. 50,000 on its installation. After having used it for three years, it was sold for Rs. 3,85,000. Depreciation is to be provided every year at the rate of 15% per annum on the fixed instalment method. Accounts are closed on 31st March every year. Calculate profit or loss on sale of machinery.

  • 3)

    On 1st April 2008, Sudha and Company purchased machinery for Rs. 64,000. To instal the machinery expenses incurred was Rs. 28,000. Depreciate machinery 10% p.a. under straight line method. On 30th June, 2010 the worn out machinery was sold for Rs. 52,000. The books are closed on 31st December every year. Show machinery account.

  • 4)

    Ragul purchased machinery on April 1, 2014 for Rs. 2,00,000. On 1st October 2015, a new machine costing Rs. 1,20,000 was purchased. On 30th September 2016, the machinery purchased on April 1, 2014 was sold for Rs. 1,20,000. Books of accounts are closed on 31st March and depreciation is to be provided at 10% ap.a. on straight line method. Prepare machinery account and depreciation account for the years 2014-15 to 2016-17:

  • 5)

    A firm purchased a machine for Rs. 1,00,000 on 1-7-2015. Depreciation is written off at 20% on reducing balance method. The firm closes its books on 31st December each year. Show the machinery account upto 31-12-2017.

11th Standard English Medium Accountancy Subject Rectification of Errors Book Back 5 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    Pass journal entries to rectify the following errors located after the preparation of the trial balance. Assume that there exists a suspense account.
    (a) The total of sales book was undercast by Rs. 2,000.
    (b) The purchase of machinery for Rs. 3,000 was entered in the purchases book.
    (c) A credit sale of goods for Rs. 450 to Mathi was posted in his account as Rs. 540.
    (d) The purchases returns book was overcast by Rs. 200.
    (e) The total of sales book Rs. 1,122 were wrongly posted in the ledger as Rs. 1,222.

  • 2)

    The accountant of a firm located the following errors before preparing the trial balance. Rectify them.
    (a) Machinery purchased for Rs.3,000 was debited to purchases account.
    (b) Interest received Rs.200 was credited to commission account.
    (c) An amount of Rs.1,000 paid to Tamilselvan as salary was debited to his personal account.
    (d) Old furniture sold for Rs.300 was credited to sales account.
    (e) Goods worth Rs.800 purchased from Soundarapandian on credit was not recorded in the books of accounts.

  • 3)

    Rectify the following errors which were located at the time of preparing the trial balance:
    (a) The total of the discount column on the debit side of the cash book of Rs.225 was posted twice.
    (b) Goods of the value of Rs.75 returned by Ponnarasan was not posted to his account.
    (c) Cash received from Yazhini Rs.1,000 was not posted.
    (d) Interest received Rs.300 has not been posted.
    (e) Rent paid Rs.100 was posted to rent account as Rs.10.

  • 4)

    Rectify the following journal entries

      Particulars   L.F. Dr. Rs Cr. Rs
    a Kumanan A/c Dr   10,000  
      To Cash A/c       10,000
      (Salary paid to Kumanan)        
    b Senguttuvan A/c Dr   6,000  
      To Cash A/c       6,000
      (Rent paid to Senguttuvan)        
    c Cash A/c Dr   2,000  
      To Sales A/c       2,000
      (Furniture sold for cash)        
    d Cash A/c Dr   10,000  
      To Kumararaja A/c       10,000
      (Goods sold to Kumararaja for cash)        
    e Manimaran A/c Dr   1,000  
      To Purchases A/c       1,000
      (Goods taken by the proprietor Mr. Manimaran for his personal use)        
  • 5)

    The book-keeper of a firm found that the trial balance was out by Rs.922 (excess credit). He placed the amount in the suspense account and subsequently found the following errors:
    (a) The total of discount column on the credit side of the cash book Rs.78 was not posted in the ledger.
    (b) The total of purchases book was short by Rs.1,000.
    (c) A credit sale of goods to Natarajan for Rs.375 was entered in the sales book as Rs.735.
    (d) A credit sale of goods to Mekala for Rs.700 was entered in the purchases book.
    You are required to give rectification entries and prepare suspense account.

11th Standard English Medium Accountancy Subject Rectification of Errors Book Back 5 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    The following errors were located after the preparation of the trial balance. Rectify them.
    (a) Paid Rs. 50 to Anitha was wrongly debited to Vanitha account.
    (b) Sale of furniture for Rs. 500 was credited to sales account.
    (c) Purchased goods from Natarajan on credit for Rs. 750 were wrongly passed through sales book.
    (d) Wages Rs. 1,000 paid on erection of machinery was debited to wages account.

  • 2)

    A book-keeper finds that the debit column of the trial balance is short by Rs.308 and the difference is put to a suspense account. Subsequently, the following errors were located.
    (a) An entry for sale of goods on credit for Rs.102 to Mekala was posted to her account as Rs.120.
    (b) Rs.100 being the monthly total of discount allowed to customers was credited to discount received account in the ledger.
    (c) Rs.275 paid by Mannan was credited to Kannan account.
    (d) Rs. 26 appearing in the cash book as paid for the purchase of stationery for office use has not been posted to ledger.
    (e) The purchases book was undercast by Rs.100.
    Rectify the errors and prepare suspense account.

  • 3)

    The following errors were located by the accountant before preparation of trial balance. Rectify them.
    (a) The total of the discount column of Rs.1,100 on the debit side of the cash book was not yet posted.
    (b) The total of the discount column on the credit side of the cash book was undercast by Rs.500.
    (c) Purchased goods from Anbuchelvan on credit for Rs.700 was posted to the debit side of his account.
    (d) Sale of goods to Ponmukil on credit for Rs.78 was posted to her account as Rs.87.
    (e) The total of sales returns book of Rs.550 was posted twice.

  • 4)

    Rectify the following errors which were located before preparing the trial balance.
    (a) Wages paid Rs. 2,000 for the erection of machinery was debited to wages account.
    (b) Sales returns book was short totalled by Rs.1,000.
    (c) Goods purchased for Rs. 200 was posted as Rs. 2,000 to purchases account.
    (d) The sales book was overcast by Rs.1,500.
    (e) Cash paid to Mukil Rs. 2,800 which was debited to Akhil’s account as Rs. 2,000

  • 5)

    The following errors were located at the time of preparing trial balance. Rectify them.
    (a) A personal expense of the proprietor Rs. 200 was debited to travelling expenses account.
    (b) Goods of Rs.400 purchased from Ramesh on credit was wrongly credited to Ganesh’s account.
    (c) An amount of Rs.500 paid as salaries to Mathi was debited to his personal account.
    (d) An amount of Rs.2,700 paid for extension of the building was debited to repairs account.
    (e) A credit sale of goods of Rs.700 on credit to Mekala was posted to Krishnan’s account.

11th Standard English Medium Accountancy Subject Bank Reconciliation Statement Book Back 5 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    From the following particulars prepare a bank reconciliation statement of Jayakumar as on 31st December, 2016.
    (a) Balance as per cash book Rs. 7,130.
    (b) Cheque deposited but not cleared Rs. 1,000
    (c) A customer has deposited Rs. 800 into the bank directly.

  • 2)

    From the following information, prepare bank reconciliation statement to find out the bank statement balance as on 31st December, 2017.

    Particulars Rs
    1. Balance as per cash book 15,000
    2. Cheques deposited but not yet credited 1,000
    3. Cheques issued and entered in the cash book before 31st December 2017 but not presented for payment until that date 1,500
    4. Dividend directly received by bank 200
    5. Direct payment made by bank for rent 1,000
    6. Locker rent charged by the bank not recorded in cash book 1,200
    7. Wrong debit given by the bank on 30th December 2017 500
    8. A payment made through net banking has been entered twice in the cash book 300
  • 3)

    From the following particulars of Siva and Company, prepare a bank reconciliation statement as on 31st December, 2017.
    (a) Credit balance as per cash book Rs. 12,000.
    (b) A cheque of Rs. 1,200 issued and presented for payment to the bank, wrongly credited in the cash book as Rs. 2,100. 
    (c) Debit side of bank statement was undercast by Rs.100.

  • 4)

    From the following information, prepare bank reconciliation statement as on 31st December, 2017 to find out the balance as per bank statement.

    Particulars Rs
    (i) Bank overdraft as per cash book 20,000
    (ii) Cheques deposited but not yet credited 4,000
    (iii) Cheque issued but not yet presented for payment 1,000
    (iv) Rent collected by the bank as per standing instruction 500
    (v) Interest on overdraft debited by bank 2,000
    (vi) Amount wrongly debited by bank 300
    (vii) Cheque issued on 30th December 2017 dishonoured by the bank 5,000
    (viii) A customer's cheque deposited in the bank dishonoured by bank not recorded in the book 2,000
  • 5)

    From the following particulars of Veera traders, prepare a bank reconciliation statement as on 31st December, 2017
    a) Credit balance as per bank statement Rs. 6,000
    b) Amount received by bank through NEFT for Rs. 3,500, entered twice in the cash book.
    c) Cheque dishonoured amounting to Rs. 2,500, not entered in cash book.

11th Standard English Medium Accountancy Subject Bank Reconciliation Statement Book Back 5 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    From the following particulars of Kamakshi traders, prepare a bank reconciliation statement as on 31st March, 2018.
    (a) Debit balance as per cash book Rs.10,500
    (b) Cheque deposited into bank amounting to Rs. 5,500 credited by bank, but entered twice in the cash book.
    (c) Cheques issued and presented for payment amounting to Rs.7,000 omitted in the cash book
    (d) Cheque book charges debited by the bank Rs 200 not recorded in the cash book.
    (e) Cash off 1,000 deposited by a customer of the business in cash deposit machine not recorded in the cash book.

  • 2)

    On 31st March, 2017, Anand's cash book showed a balance of Rs. 1,12,500. Prepare ban reconciliation statement.
    a) He had issued cheques amounting to Rs. 23,000 on 28.3.2017, of which cheques amounting to Rs. 9,000 have so far been presented for payment.
    b) A cheque for Rs. 6,300 deposited into bank on 27.3.2017, but the bank credited the same only on 5th April 2017.
    c) He had also received a cheque for Rs. 12,000 which, although entered by him in the cash book, was not deposited in the bank.
    d) Wrong credit given by the bank on 30th March 2017 for Rs.2,000.
    e) On 30th March 2017, a bill already discounted with the bank for Rs. 3,000 was dishonoured, but no entry was made in the cash book.
    f) Interest on debentures of Rs. 700 was received by the bank directly.
    g) Cash sales of Rs. 4,000 wrongly entered in the bank column of the cash book.

  • 3)

    From the following particulars of Raheem traders, prepare a bank reconciliation statement as on 31st March, 2018.
    (a) Overdraft as per cash book Rs. 2,500 On the same day the balance as per bank statement is Rs. 1,99,000.
    (b) Interest on debentures of Rs. 700 was received by the bank directly.
    (c) Amount received by bank through RTGS amounting to 2,00,000, omitted in the cash book.
    (d) Two cheques issued for Rs. 1,800 and Rs.2,000 on 29th March 2018. Only the second cheque is presented for payment.
    (e) Insurance premium on car for Rs. 1,000 paid by the bank as per standing instruction not recorded in the cash book.

  • 4)

    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
  • 5)

    Prepare bank reconciliation statement from the following data and find out the balance as per cash book as on 31st March, 2018.

    Particulars Rs
    (i) Bank balance as per bank statement 15,000
    (ii) Cheques issued but not yet presented for payment 2,500
    (iii) Bank charges not recorded in the cash book 250
    (iv) Interest charged by bank not recorded in the cash book 500
    (v) Bank paid insurance premium as per standing instruction but not recorded in the cash book  300
    (vi) Cheques deposited but not yet credited 900

11th Standard English Medium Accountancy Subject Subsidiary Books - II Book Back 5 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    Enter the following transactions in a single column cash book of Ramalingam for month of July, 2017.

      Particulars Rs
    July 1 Cash in hand 32,000
    5 Received from Keerthana 5,000
    6 Paid packing charges in cash 300
    7 Cash purchases 12,400
    8 Sold goods for cash 2,600
    10 Paid salary to manager in cash 7,000
    11 Paid to Bala 3,000
    12 Purchased goods from Bose 2,500
    24 Cash deposited into bank through CDM 4,000
    27 Withdraw cash from bank 2,000
    31 Paid office rent in cash 6,000
  • 2)

    Enter the following transaction in Chandran's cash book with cash and discount column.

      Particulars Rs
    2017 Nov 1 Cash balance 22,000
    2 Cash Sales 14,000
    3 Credit sales to Govindan 12,000
    4 Credit purchases from Balaraman 27,000
    5 Cash purchases 8,800
    8 Govindan settled his account @ 2% cash discount  
    12 Paid Balaraman Rs. 26,800 and settle his account  
    15 Cash withdrawn for personal expenses 4,000
    28 Cash paid into Bank 5,000
    29 Received from Madhan Rs. 4,800 in settlement of his account for 5,000
    30 Paid salaries in cash 4,000
  • 3)

    Record the following transactions in an analytical petty cash book and balance the same. On 1st November, 2017, the petty cashier started with imprest cash Rs.2,000.

    2017 Nov 1 Postage stamps purchased 155
      2 Paid to sweeper and scavenger 170
      3 Conveyance to Manager 125
      6 Lorry hire for goods rent 260
      7 Greeting card purchased 110
      10 Carriage paid 70
      11 Repairs to furniture 100
      13 Ink and gum purchased 50
      17 Computer servicing charges paid 250
      20 Cleaning charges paid 120
      22 Gave charity to beggars 40
      23 Paid to Rammohan 80
      25 Paid railway fare 150
      30 Subscription paid to the Times of India 120
  • 4)

    Write out a cash book with discount, cash and bank columns in the books of Mahendran.

    2017 Oct   Rs
    1 Cash balance 12,000
    2 Bank balance 48,500
    3 Received a cheque from Kesavan 150
    4 Paid Shanmuganathan cheque for Rs 7950 and discount allowed by him 50
    6 Cash Sales 17,800
    7 Paid Sivasamy in cash 10,000
    15 Withdrew cash from bank 6,000
    17 Purchased goods and payment made through credit card 14,500
    20 Received cash from Janarthanam Rs.10,000 and discount allowed to him 100
    21 Cash remitted into bank through CDM 12,000
    24 Bought furniture for office use by cash 15,000
    28 Deepavali advance paid to staff through bank 10,000
    30 Salary for staff paid by cash 4,500
      Salary of Manager paid by through net banking 12,500
  • 5)

    Enter the following transactions of Fathima in the cash book with cash, bank and discount columns for the month of May, 2017

    2017 May Particulars Rs
    1 Cash balance 17,200
      Bank balance 43,000
    4 Received from Rajkumar by cheque on account 6,500
    9 Sold goods to Kumar for cash 12,000
    15 Bought laptop for business use and payment made through NEFT 21,000
    17 Withdrawn cash from Bank 9,600
    24 Goods purchased for cash Rs 12,400 and by cheque 18,200
    25 Deposited cash with bank 14,000
    28 Paid staff salaries by cheque 8,000
    29 Dividend received in cash 4,700
    30 Paid office rent in cash 12,000

11th Standard English Medium Accountancy Subject Subsidiary Books - II Book Back 5 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    Enter the following transactions in a single column cash book of Pandeeswari for the month of June, 2017.

      Particulars Rs
    June 2 Started business with cash 50,000
    8 Paid rent in cash 4,000
    10 Purchased printer for cash 7,500
    11 Cash purchases 15,000
    14 Cash sales 10,000
    17 Commission received in cash 6,000
    19 Interest paid for loan in cash 2,000
    20 Cash withdrawn for personal use 3,000
    21 Paid speed post charges in cash 3,500
  • 2)

    Enter the following transactions in Ahamed's cash book with discount and cash columns.

      Particulars Rs
    2017 Oct 1 Cash balance 37,500
    3 Cash Sales 33,000
    7 Paid to Velan Rs 15,850 and Discount allowed by him 150
    13 Sold goods to Perumal on Credit 19,200
    15 Cash withdrawn for personal expenses 4,800
    16 Purchased goods from Subramanian 14,300
    22 Paid to Bank 22,700
    25 Cash received from Perumal in full settlement 19,000
    26 Draw a cheque for office use 17,500
    27 Paid cash to Gopalakrishnan 2,950
      Discount received from him 50
    28 Paid cash to Subramanian and settled his account 14,200
    29 Cash purchases 13,500
    30 Cash paid for advertising 1,500
  • 3)

    Enter the following transactions in cash book with discount and cash column of Anand

        Rs
    2017 Dec 1 Cash in hand 19,500
      Sold goods for cash 32,000
      Credit purchases from Gandhi 20,000
      Received from Gopu 11,800
      Discount allowed to him 200
      Cash paid for Electricity charges 12,500
      Bought computer and its accessories by cash 16,800
      Paid cash to Gandhi Rs 19,700 in full settlement of his account  
      Received cash from Thiruvengadam 8,900
      Discount allowed to him 100
      Paid trade expenses in cash 3,500
  • 4)

    Enter the following transactions in Iyyappan's petty cash book with analytical columns under imprest system.

    2017   Jan   Rs.
        1 Balance on hand 250
        1 Cash received from the chief cashier 1,050
        2 Purchased pencil, rubber and paper 200
        4 Sent documents to Head Office by registered post 120
        5 Travelling expenses paid to salesman 150
        7 Paid for sundry expenses 60
        9 Paid for office expenses 50
        11 Paid for letter pad 175
        13 Paid to Amutha on account 66
        15 Paid for repairs to furniture 78
        18 Carriage paid 83
        20 Bought postal stamps 55
        22 Paid for telephone charges 175
  • 5)

    Enter the following transactions in the three column cash book of Kalyana Sundaram

    2017 Jan Particulars Rs
    1 Balance in hand 42,500
      Balance at bank 35,000
    3 Received for cash sales 15,700
    4 Cash paid into bank 11,500
    6 Cash purchases 14,300
    9 Received dividend directly by the bank through ECS 2,000
    10 Pongal advance to staff paid through bank 17,000
    12 Received cash from Nagarajan 11,850
      and allowed him discount 150
    17 Paid Magesh in full settlement of his account Rs 20,000 19,700
    20 Cash withdrawn for personal expenses 20,000
    30 Withdrawn cash from ATM for office use 1,500

11th Standard English Medium Accountancy Subject Subsidiary Books - I Book Back 5 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    Enter the following transactions in the sales book and sales returns book of M/s. Guhan & Sons, who is a textile dealer.

     2017May 2   Sold to MIs. Karan & Co., on credit  
        100 pieces towels @ Rs. 280 per piece  
        200 metres shirtings @ Rs. 270 per metre  
    May 5   Sold to MIs. Veeran & Sons on credit
        10 pieces ready-made dress @ Rs. 1,500per piece  
    May 16   Sold to M/s. Jain & Sons on credit
        50 blankets @ Rs. 240 each
    May 20   Damaged 10 pieces towels returned by Karan & co. and cash not paid  
    May 25   Sold old furniture to MIs. Saran & Co., on credit Rs. 18,000
    May 27   Returned 2 pieces ready-made dresses by M/s. Veeran & Sons due to inferior quality and cash not paid
  • 2)

    From the following information, prepare the necessary subsidiary books for Nalanda Book Stores.

    2017 Dec. 1 Bought from M/s. Umadevi on credit
      100 copies Business Statistics Book @ Rs. 80 each
      100 copies Accountancy Book @ Rs. 150 each
    Dec. 7 Sold to Sridevi & Co., on credit
      240 copies Business Statistics @ Rs. 90 each
      250 copies Accountancy books @ Rs. 170 each
    Dec. 10 Bought from Subha & Co.,
      40 Copies Economics books @ Rs. 80 each
      Less: 15% Trade Discount
    Dec. 15 Returned to Mis. Vma Devi 10 copies of damaged Accountancy book for which cash is not received
    Dec. 18 Sold to Gupta Bros., on credit
      200 copies of Economics book @ Rs. 95 each
    Dec. 26 Returned 6 copies of Economics books to Subha & Co.,
  • 3)

    Record the following transactions in the purchases book of Raja Furniture:

     2017   
     May 4    Purchased from Kasi Furnitures, Kanyakumari  
            10 chairs @ Rs. 300 each
            4 tables @ Rs. 800 each
     May 6   Purchased for cash from Welcome Furniture, Vellore   
           2 almirahs @ Rs. 2,000 each
           4. chairs @ Rs. 200 each
               Less: Trade discount @ 5%
     May 10   Bought furniture from Murugan Furniture Mart, Nagapattinam   
           10 chairs @ Rs. 250 each
           5 tables @ Rs. 750 each
           Delivery and packing charges Rs. 150
     May 20   Purchased 2 computers for office use from Anandan & Co., Adyar on credit for Rs. 5,550 each 
     May 25   Purchased from Gowtham & Co., Chennai
            10 chairs @ Rs. 550 each
            15 steek cabinets @ Rs. 2,000 each
                   Delivery charges Rs. 200
                   Less: Trade discount @ 10%
  • 4)

    Enter the following transactions in the purchases returns book of Hari who is dealing in automobiles and post them into the ledger.

     2017   
     Jan 5   Returned to Anand 5 clutch plates @ Rs. 200 each, not in accordance with order. 
     Jan 14   Returned to Chandran 4 brake shoes @ Rs. 200 each and 10rear view mirrors @ Rs. 350 each, due to inferior quality.
  • 5)

    Enter the following transactions in returns inward book of Magesh a textile dealer:

     2017   
     April 6   Returned by Shankar 30 shirts each costing Rs. 150, due to inferior quality.
     April 8   Amar Tailors returned 10 T-shirts, each costing Rs. 100, on account of being not in accordance with their order.
     April 21   Prema Stores returned 12 Salwar sets each costing Rs. 200; being not in accordance with order.

11th Standard English Medium Accountancy Subject Subsidiary Books - I Book Back 5 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    Enter the following credit transactions in the purchases book of Manoharan, a Provisions Merchant.

    2017 May 2 Bought from Vasu 100 bags of rice @ Rs. 800 per bag
    May 8 Bought from Cheyyar Sugar Mills Ltd., 20 bags of sugar @ Rs. 2,600 Per bag
    May 10 Bought from Ram Flour Mill, Coimbatore, 10 bags of wheat flour @ Rs. 750 per bag
    May 15 Bought from Nilgiri Tea Co., Nilgiris, 15 cases of tea @ Rs. 900 per case
    May 25 Bought from Sairam Coffee Works Ltd., 100 kgs of Coffee @ Rs. 190 per kg
    May 29 Bought from X & Co. furniture worth Rs. 2,000
  • 2)

    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
  • 3)

    Prepare Purchases book and Sales book in the books of Santhosh Textiles Ltd., from the following transactions given for April 2017.

     2017 April 1   Purchased goods from Prasad, Kancheepuram on credit 
        100 meters Silk @ Rs. 450 per meter
        75 meters Velvet @ Rs. 180 per meter
     April 10   Sold goods to Rathinam, Chennai on credit
        60 meters Silk @ Rs. 490 per meter
        50 meters Velvet @ Rs. 210 per meter
    April 18   Nathan & Sons purchased from us on credit
        100 meters Silk @ Rs. 510 per meter
    April 20   Purchased goods from Hari Ram & Sons, Madurai on credit  
         50 rolls kada cloth @ Rs. 730 per roll
        80 rolls cotton cloth @ Rs. 650 per roll
    April 24   Purchased from Mohan, Karur for cash
         Shirting cloth @ Rs. 7,000
        Sarees @ Rs. 25,000
  • 4)

    Record the following transactions in the sales book and sales returns book of M/s. Ponni & Co., and post them to ledger.

     2017 Aug 1   Sold goods to Senthil as per Invoice No. 68 for Rs. 20,500 on credit 
    Aug 4   Sold goods to Madhavan as per Invoice No. 74 for Rs. 12,800 on credit  
    Aug 7   Sold goods to Kanagasabai as per Invoice No. 78 for Rs. 7,500 on credit
    Aug 15   Returns inward by Senthil as per Credit Note no. 7 for Rs. 1,500 for which cash is not paid
    Aug 20   Sold goods to Selvam for Rs. 13,300 for cash
    Aug 25   Sales returns of Rs. 1,800 by Madhavan as per Credit Note No. 11 for which cash is not paid
  • 5)

    Enter the following transactions in the proper subsidiary books of Suman who is dealing in electronic goods for the month of January 2017.

     2017 Jan. 2   Purchased from Mis. Raj Electronics on credit 
        20 cell phones @ Rs. 5,500 per piece
        10 colour TVs @ Rs. 14,500 per piece
    Jan. 5   Purchased from Mis. Ruby Electronics on credit  
        10 radios @ Rs. 1,650 per piece
        8 Tape recorders @ Rs. 2,500 per piece
        Trade discount on all items @ 10%
    Jan. 10   Returned to M/s. Raj Electronics 4 cell phones damaged and cash not received
    Jan. 20   Purchased from Mis. Suganthi Electronics on credit
        10 radios @ Rs. 3,700 per piece
        2 Sony colour TVs @ Rs. 27,000 per piece
        Trade discount @ 5% on all items

11th Standard English Medium Accountancy Subject Trial Balance Book Back 5 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    From the following balances extracted from the books of Raju a trader on automobiles, prepare trial balance as on 31st March, 2017:

    Particulars Rs Particulars Rs
    Cash in hand 5,500 Direct expenses 5,000
    Discount received 300 Carriage outwards  3,500
    Creditors 15,000 Capital 45,000
    Building 50,000 Purchases 49,700
    Opening stock 6,000 Sales 59,400
  • 2)

    From the following balances extracted from the books of Pearl, a trader, prepare trial balance as on 31st March, 2017.

    Particulars Rs Particulars Rs
    Capital 44,000 Interest on investment 2,000
    Bills receivable 5,000 Customs duty 3,000
    Wages 800 Computer 20,000
    Drawings 4,000 Sales 72,000
    Purchases 75,000 Opening stock 10,200
  • 3)

    Prepare trial balance as on 31st December, 2017 from the following balances of Balaraman.

    Particulars Rs Particulars Rs
    Capital 2,20,000 Repairs 2,400
    Drawings 24,000 Office lighting 2,600
    Furniture 63,500 Printing and stationery 2,700
    Stock at the beginning 62,050 Bank loan 7,500
    Bills receivable 9,500 Computer 25,000
    Bills payable 8,750 Debtors 46,500
    Purchases 88,100 Cash in hand 15,000
    Sales 1,35,450 Cash at bank 27,250
    Discount allowed 7,100 General expenses 7,100
    Discount received 3,500 Creditors 7,600
  • 4)

    The following balances are extracted from the books of Prabhu, as on 31st March, 2017. Prepare trial balance and transfer the difference if any to suspense account.

    Particulars Rs Particulars Rs
    Discount allowed 250 Loan borrowed 7,000
    Cash in hand 4,200 Lighting 12,000
    Capital 50,000 Commission paid 3,000
    Salaries 12,000 Purchases 29,050
    Furniture 7,500 Sales 35,000
  • 5)

    From the following balances extracted from the books of Chitra, prepare trial balance as on 31st March, 2017.

    Particulars Rs Particulars Rs
    Adjusted purchases 60,000 Advertisement 4,000
    Rent paid 2,000 General expenses 700
    Discount received 1,000 Commission paid 1,500
    Carriage inward 2,700 Capital 40,000
    Closing stock 18,600 Sales 48,500

11th Standard English Medium Accountancy Subject Trial Balance Book Back 5 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    Prepare the trial balance from the following information:

    Name of the account Rs Name of the account Rs
    Bank Loan  2,00,000 Purchases  1,80,000
    Bills Payable 1,00,000 Sales 3,00,000
    Stock 70,000 Debtors 4,00,00
    Capital 2,50,000 Bank 2,00,000
  • 2)

    Prepare the trial balance from the following balances of Babu as on 31st March ,2016.

    Particulars Rs Partiiculars Rs
      Cash in Hand  7,000   Bills receivable 7,000
      Sundry Debtors 5,400   Sundry creditors 11,800
      Salaries 6,800   Capital  25,000
      Bad Debts 200   Purchases 45,000
      Opening Stock 15,400   Sales   50,000
  • 3)

    Prepare the trial balance from the following balances of Rajesh as on 31st March, 2017.

    Particulars Rs Particulars Rs
    Bills receivable 13,000 Drawings 7,000
    Bank charges 750 Sundry debtors 17,100
    Conveyance charges 350 Bills payable 12,000
    Discount received 1,300 Capital 25,900
    Cash in hand 1,000    
  • 4)

    From the following balances of Rohini, prepare the trial balance as on 31.03.2018.

      Rs   Rs
    Capital 60,000 Sales 82,000
    Dlscount received 3,250 Lighting 800
    Purchases 58,000 Drawings 5,250
    Plant and machinery 40,000 Car expenses 1,200
    Advertising expenses 5,000 Motor car 35,000
  • 5)

    The following balances are extracted from the books of Ravichandran on 31st December, 2016. Prepare the trial balance.

    Particulars Rs Particulars Rs
    Capital 1,50,000 Sales 75,000
    Debtors 22,800 Return inwards 1,000
    Rent received 500 Discount allowed 800
    Bank overdraft 3,100 Discount received 1,000
    Creditors 5,500 Wages 2,900
    Premises 1,46,000 Salaries 3,500
    Opening Stock 10,000 Commission paid 1,100
    Purchases 45,000 General expenses 2,000

11th Standard English Medium Accountancy Subject Ledger Book Back 5 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    Journalise the following transactions in the books of Arun and post them to ledger accounts.

    2017 Dec   Rs.
    1 Arun started his business with cash 10,000
    3 Bought goods for cash 1,500
    8 Sold goods to Krishna on credit 4,000
    14 Purchased goods from Govind on credit 2,000
    25 Received cash from Krishna 3,000
    28 Cash paid to Govind  1,000
  • 2)

    Journalise the following transactions and post them to the ledger.

    2017 July   Rs.
    1 Cash in hand 50,000
    5 Goods purchased by cash 30,000
    7 Insurance paid 2,500
    10 Machinery purchased for cash 9,000
    15 Interest received 2,000
    18 Goods sold for cash 7,000
  • 3)

    Pass journal entries for the following transactions and post them in the ledger accounts.

     2017
    June   1
       
       Basu started business with cash Rs. 50,000  
    4    Purchased furniture by paying cash for Rs. 6,000   
    7    Purchased machinery on credit from Harish Rs. 10,000   
    10    Bought goods for cash Rs 4,000
    18    Paid insurance premium Rs 100
  • 4)

    Journalise the following transactions and post them to ledger. On May 20, 2018, Ram paid salaries Rs.15,000; Electricity charges Rs. 8,000 and wages Rs. 2,000.

    In the books of Ram Journal entries
     Date   Particulars   L.F.   Debit Rs.   Credit Rs. 
     2018         
     May 20    Salaries A/c                    Dr.   15,000  
        Electricity charges A/c     Dr.   8,000  
        Wages A/c                      Dr.   2,000  
            To Cash A/c     25,000
        (Expenses paid)      
  • 5)

    Bharathi is a sole trader dealing in oil products for the past five years. The books of accounts showed the following balances on 1st April 2018: Cash in hand Rs. 25,000; Cash at bank Rs. 3,00,000. The following transactions took place for the month of April 2018.

     April 1   Goods bought by giving cheque Rs. 30,000 
    5   Goods sold to Naveen and payment received through NEFT Rs. 40,000  
    6   Goods sold to Xavier for cash Rs. 20,000
    9   Goods sold on credit to Abdul for Rs. 25,000
    18   Cash received from Abdul Rs. 10,000

    Pass Journal entries for the above transactions and prepare ledger accounts.

11th Standard English Medium Accountancy Subject Ledger Book Back 5 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    Show the direct ledger postings for the following transactions:

    2016 July  
    1 Shankar commenced business with a cash Rs. 1,00,000
    5 Sold goods for cash Rs. 10,000
    9 Wages paid Rs. 6,000
    19 Salaries paid Rs. 8000
    20 Advertisement expenses paid Rs. 4,000
  • 2)

    Journalise the following transactions in the booksof Vasu and post them to ledger accounts.

    2017 Nov.  
    1 Cash in hand Rs. 1,00,000; Cash at bank: Rs. 30,000
    2 Vasu sold goods to Jothi for Rs. 25,000 against a cheque and deposited the same in the bank
    4 Received as commission Rs. 5,000
    8 Bank paid Rs. 15,000 directly for insurance premium of Vasu.
    15 Cash deposited into bank Rs. 30,000
    20 Cash withdrawn from bank for personal use Rs. 45,000.
  • 3)

    Prepare a Sales account from the following transactions.

    2018 Jan.   Rs.
    1 Sold goods to Sam 4,000
    4 Sold goods to Suresh  2,500
    11 Sold goods to Joy 8,000
    17 Sold goods to Rajan 3,000
  • 4)

    Show the direct ledger postings for the following transactions:

    2017 June   Rs.
    1 Raja commenced business with cash 50,000
    6 Sold goods for cash   8,000
    8 Sold goods to Devi on credit   9,000
    15 Goods purchased for cash  4,000
    20 Goods purchased from Shanthi on credit   5,000
  • 5)

    The following balances appeared in the books of Kumaran on April 1, 2017.
    Assets: Cash Rs. 1,00,000; Stock Rs. 40,000; Amount due from Rohit Rs. 10,000;
    Furniture Rs. 10,000; Liabilities: Amount due to Anush Rs. 40,000;
    Kumaran's capital Rs. 1,20,000
    Find the capital and show the ledger posting for the above opening balances.

11th Standard English Medium Accountancy Subject Books of Prime Entry Book Back 5 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    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

  • 2)

    Create an accounting equation on the basis of the following transactions:
    (i) Rakesh started business with a capital of Rs.1,50,000
    (ii) Deposited money with the bank Rs.80,000
    (iii) Purchased goods from Mahesh and paid through credit card Rs.25,000
    (iv) Sold goods (costing Rs.10,000) to Mohan for Rs.14,000 who pays through debit card
    (v) Commission received by cheque and deposited the same in the bank Rs.2,000
    (vi) Paid office rent through ECS Rs.6,000
    (vii) Sold goods to Raman for Rs.15,000 of which Rs.5,000 was received at once

  • 3)

    Create accounting equation on the basis of the following transactions:
    (i) Opening balance on pt January, 2018 cash Rs.20,000; stock Rs.50,000 and bank Rs.80,000
    (ii) Bought goods from Suresh Rs.10,000 on credit
    (iii) Bank charges Rs.500
    (iv) Paid Suresh Rs.9,700 through credit card in full settlement.
    (v) Goods purchased on credit from Philip for Rs.15,000
    (vi) Goods returned to Philip amounting to Rs.4,000

  • 4)

    Pass journal entries in the books of Sasi Kumar who is dealing in automobiles

    2017 Oct.   Rs
    1 Commenced business with goods 40,000
    3 Cash introduced in the business 60,000
    4 Purchased goods from Arul on credit 70,000
    6 Returned goods to Arul 10,000
    10 Paid cash to Arul on account 60,000
    15 Sold goods to Chandar on credit 30,000
    18 Chandar returned goods worth 6,000
    20 Received cash from Chandar in full settlemen 23,000
    25 Paid salaries through ECS 2,000
    30 Sahil took for personal use goods worth 10,000
  • 5)

    Karthick opened a provisions store on pt April, 2017. Journalise the following transactions in his books:

    2017 April   Rs
    1 Paid into bank for opening a current account 2,00,000
    3 Goods purchased by cheque 40,000
    5 Investments made in securities 40,000
    6 Goods sold to Radha for Rs.20,000 and cheque received and deposited into bank  
    7 Amount withdrawn from bank for office use 15,000
    10 Purchased goods from Kamala and cash deposited in CDM 10,000
    12 Sold goods to Vanitha who paid through debit card 10,000
    15 Interest on securities directly received by the bank 1,000
    20 Insurance paid by the bank as per standing instructions 2,000
    25 Sales made to Kunal who made payment through CDM 6,000

11th Standard English Medium Accountancy Subject Books of Prime Entry Book Back 5 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    Show the effect of following business transactions on the accounting equation.
    (i) Anbu started business with cash Rs. 20,000; goods Rs. 12,000 and machine Rs. 8,000
    (ii) Purchased goods from Ramani on credit . Rs. 7,000
    (iii) Payment made to Ramani in full settlement Rs. 6,900
    (iv) Sold goods to Rajan on credit costing Rs. 5,400 for Rs. 6,000
    (v) Received from Rajan Rs. 5,800 in full settlement of his account
    (vi) Wages outstanding  Rs. 400

  • 2)

    Jeyaseeli is a sole proprietor having a provisions store. Following are the transactions during the month of January, 2018. Journalise them.

    Jan. Rs.
    1 Commenced business with cash 80,000
    2 Deposited cash with bank 40,000
    3 Purchased goods by paying cash 5,000
    4 Purchased goods from Lipton & Co. on credit 10,000
    5 Sold goods to Joy and received cash 11,000
    6 Paid salaries by cash 5,000
    7 Paid Lipton & Co. by cheque for the purchases made on 4th Jan.  
    8 Bought furniture by cash 4,000
    9 Paid electricity charges by cash 1,000
    10 Bank paid insurance premium on furniture as per standing instructions  300
  • 3)

    Arun is a trader dealing in automobiles. For the following transactions, pass journal entries for the month of January, 2018.

    Jan. Rs
    1. Commenced business with cash 90,000
    2. Purchased goods from X and Co. on credit 40,000
    3. Accepted bill drawn by X and Co. 20,000
    4. Sold goods to D and Co. on credit 10,000
    5. Paid by cash the bill drawn by X and Co. 5,000
    6. Received cheque from D and Co. in full settlement
    and deposited the same in bank.
    9,000
    7. Commission received in cash 5,000
    8. Goods costing Rs. 40,000 was sold and cash received 50,000
    9. Salaries paid in cash 4,000
    10. Building purchased from Kumar and Co. for Rs. 1,00,000 and an advance
    of Rs. 20,000 is given in cash.
     
  • 4)

    Valluvar is a sole trader dealing in textiles. From the following transactions, pass journal entries for the month of March, 2018.

      March Rs
    1 Commenced business with cash
    With goods.
    90,000
    2  Purchased 20 readymade shirts from X and Co. on credit. 60,000
    3  Cash deposited into bank through Cash Deposit Machine 10,000
    4  Purchased 10 readymade sarees from Y and Co. by cash 30,000
    5  Paid X and Co. through NEFT 6,000
    6  Sold 5 sarees to A and Co. on credit 4,000
    7  A and Co. deposited the amount due in Cash Deposit Machine  
    8  Purchased 20 sarees from Z & Co. and paid through debit card 12,000
    9  Stationary purchased for and paid through net banking. 6,000
    10  Bank charges levied 200
  • 5)

    Chandran is a sole trader dealing in sports items. From the following transactions, pass journal entries for the month of March, 2018

    March   Rs
    1 Commenced business with cash 4,00,000
    2 Cash deposited into bank 3,00,000
    3 Purchased goods from Rave and payment made through net banking 90,000
    4 Sales made to Kumar, who deposited the money through CDM 10,000
    5 Sales made to Vivek, who made the payment by debit card 60,000
    6 Sold goods to Keerthana, who made the payment through credit card 50,000
    7 Dividend directly received by bank 2,000
    8 Money withdrawn from ATM 3,000
    9 Salaries paid through ECS 6,000
    10 Cricket bats donated to a trust 10,000

11th Standard English Medium Accountancy Subject Computerised Accounting Book Back 3 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    The following are the scores obtained by some students in a competitive examination. Find out the average, the highest and the lowest score using appropriate function in spreadsheet.

      A B C D E F G H
    NAME Anbu Balu Gobu Ramu Somu Raju Anu
    2 SCORES 60 80 164 192 104 64 204
  • 2)

    There are three salesmen. Two days of sales achievement is given. You are required to find out the salesmen who have achieved a minimum sale of Rs.400 on each day.

    Salesman Day 1 Day 2
    Anand 500 250
    Balu 600 500
    Cibi 250 300
  • 3)

    Following is the list of students and percentage of marks obtained by them. If a student has secured a minimum of 50%, he is declared pass, else fail.

    Student Percentage of marks
    1 59
    2 60
    3 65
    4 45
    5 35
  • 4)

    Mr. Vivek took a loan of Rs.2,00,000 from State Bank of India, Chennai and number of instalments is 84 months. Calculate the rate assuming payments Rs.3,300 per month using the appropriate function.

  • 5)

    Mention any three limitations of computerised accounting system.

11th Standard English Medium Accountancy Subject Computerised Accounting Book Back 3 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    Find out from the following data, minimum collection of Rs.500 on any one day achieved by the sales counters.

    Counter Day 1 sales Day 2 sales
    Ground floor 600 600
    First floor 850 300
    Second floor 350 400
  • 2)

    Consider the following information:
    Loan amount Rs.3,00,000
    Number of payment periods 48 months
    Annual rate of interest 10%
    Calculate periodic payment using PMT function.

  • 3)

    What are the various types of accounting software?

  • 4)

    State the various types of coding methods.

  • 5)

    State the input and output devices of a computer system.

11th Standard English Medium Accountancy Subject Final Accounts of Sole Proprietors - II Book Back 3 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    Show necessary entries to adjust the following on 31st December, 2017.
    (i) Outstanding salaries Rs. 1,200
    (ii) Outstanding rent Rs. 300
    (iii) Prepaid insurance premium Rs. 450
    (iv) Interest on investments accrued Rs. 400
    (v) Bad debts written off Rs. 200

  • 2)

    Sundry debtors as per trial balance as on 31st March, 2016 is Rs. 10,000.
    Adjustment: Write off bad debts amounting to Rs. 300.
    Give adjusting entry and show how these appear in the final accounts as on 31st March, 2016.

  • 3)

    What is the need for preparing final accounts?

  • 4)

    Explain how closing stock is treated in final accounts.

  • 5)

    Explain the accounting treatment of bad debts, provision for doubtful debts and provision for discount on debtors.

11th Standard English Medium Accountancy Subject Final Accounts of Sole Proprietors - II Book Back 3 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    Pass adjusting entries for the following on 31st March, 2018.
    (i) Charge interest on drawings at Rs. 50
    (ii) Write off bad debts by Rs. 500
    (iii) Depreciate furniture by Rs. 1,000

  • 2)

    Sundry debtors as per trial balance Rs. 26,000
    Bad debts as per trial balance Rs. 1,000
    Adjustment: Additional bad debts amounted to Rs. 2,500
    Give adjusting entry and show how these appear in the final accounts on 31st March, 2016

  • 3)

    What is meant by provision for doubtful debts? Why is it created?

  • 4)

    Give the adjusting entries for interest on capital and interest on drawings.

  • 5)

    The following are the extracts from the trial balance.

     Particulars   Debit Rs.   Credit Rs. 
      Sundry Creditors      30,000
      Discount received       1,000

    You are required to show how these items will appear in the profit and loss account and balance sheet.

11th Standard English Medium Accountancy Subject Final Accounts of Sole Proprietors - I Book Back 3 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    Prepare trading account for the year ended 31st December 2017, from the following balances:

     Particulars  Rs    Particulars  RS  
      Opening stock        4,00,000   Purchases returns         1,20,000
      Purchases 20,00,000   Carriage on purchases     2,00,000
      Net sales 48,00,000   Carriage on sales  1,00,000
      Freight and octroi     65,000   Advertisement 1,20,000
      Selling expenses 1,10,000   Office rent 75,000
      Coal, gas and water     22,000   Import duty on goods purchased    7,28,000

    Closing stock is valued at Rs. 6, 00,000.

  • 2)

    Find out the amount of sales from the following information.

     Particulars    Rs 
      Opening stock         20,000
      Purchases less returns     70,000
      Direct expenses 10,000
      Closing stock 30,000
      Gross profit margin (on sales)    20%
  • 3)

    From the following information, prepare profit and loss account for the year ended 31st December, 2017.

     Particulars   Rs   Particulars   Rs 
      Gross profit b/d       60,000   Interest received        2,100
      Freight outward     15,000   Financial charges     4,000
      Packing charges (on sales)    12,000   Repairs on vehicles used in office    8,000
      Salesmen commission paid     1,300   Depreciation on vehicles used in office     3,000
      Promotional expenses 10,200   Interest paid 9,000
      Office telephone expenses 22,400   Rent received 7,000
      Bad debts recovered 4,000   Carriage inwards 4,000
  • 4)

    What are final accounts? What are its constituents?

  • 5)

    What is meant by gross profit and net profit?

11th Standard English Medium Accountancy Subject Final Accounts of Sole Proprietors - I Book Back 3 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    What is meant by grouping and marshalling of assets and liabilities?

  • 2)

    From the following details for the year ended 31st March, 2018, prepare trading account.

     Particulars   Rs   Particulars   Rs 
      Opening stock     2,500   Returns inwards       7,000
      Purchases  27,000   Coal and gas 3,300
      Sales    40,000   Carriage inwards 2,600
      Wages 2,500   Closing stock 5,200
      Returns outwards    5,200    
  • 3)

    Compute cost of goods sold from the following information:

     Particulars   Rs   Particulars   Rs 
      Opening stock       10,000   Indirect expenses       5,000
      Purchases 80,000   Closing stock 15,000
      Direct expenses    7,000    
  • 4)

    Prepare profit and loss account in the books of Kirubavathi for the year ended 31st December, 2016 from the following information:

     Particulars   Rs   Particulars   Rs 
      Gross Profit       12,500   Interest received      100
      Discount allowed    60   Carriage outwards    100
      Rent 500    
  • 5)

    From the following particulars, prepare balance sheet in the books of Bragathish as on 31st December 2017:

     Particulars   Rs   Particulars   Rs 
      Capital      80,000   Cash in hand       20,000
      Debtors 12,800   Net profit 4,800
      Drawings 8,800   Plant 43,200

11th Standard English Medium Accountancy Subject Depreciation Accounting Book Back 3 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    What are the causes for depreciation?

  • 2)

    State the advantages and limitations of written down value method of depreciation.

  • 3)

    Calculate the rate of depreciation under straight line method from the following information
    Purchased a second hand machinery on 1.1.2018 for Rs. 38,000
    On 1.1.2018 spent Rs. 12,000 on its repairs
    Expected useful life of machine is 4 years
    Estimated residual value Rs. 6,000

  • 4)

    Machinery was purchased on 1st January 2015 for Rs. 4,00,000. Rs. 15,000 was spent on its erection and Rs. 10,000 on its freight charges. Depreciation is charged at 10% per annum on straight line method. The books are closed on 31st March each year. Calculate the amount of depreciation on machinery for the first two years.

  • 5)

    Joy and Co. purchased machinery on 1st April 2016 for Rs.75,000. On 31st March 2018, it sold the machinery for Rs.62,000. Depreciation is to be provided every year at 10% per annum on the fixed instalment method. Accounts are closed on 31st March every year. Find out the profit or loss on sale of machinery.

11th Standard English Medium Accountancy Subject Depreciation Accounting Book Back 3 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    State the advantages and limitations of straight line method of depreciation.

  • 2)

    Distinguish between straight line method and written down value method of providing depreciation.

  • 3)

    Calculate the rate of depreciation under straight line method.
    Purchase price of a machine Rs. 80,000
    Expenses to be capitalised Rs. 20,000
    Estimated residual value Rs. 4,000
    Expected useful life 4 years

  • 4)

    A firm purchased a plant on 1.1.2018 for Rs.9,000 and spent Rs.1,000 as erection charges. Calculate the amount of depreciation for the year 2018 @ 15% per annum under the written down value method. Accounts are closed on 31st March every year.

  • 5)

    On 1st April 2015, Kumar purchased a machine for Rs.80,000 and spent Rs.20,000 on its installation. The residual value at the end of its expected useful life of 8 years is estimated at Rs.4,000. On 30th September 2017, the machine is sold for Rs.50,000. Depreciation is to be provided according to straight line method. Prepare Machinery Account. Accounts are closed on 31st December every year.

11th Standard English Medium Accountancy Subject Rectification of Errors Book Back 3 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    The following errors were detected before preparation of the trial balance. Rectify them.
    (a) A sum of Rs. 5,000 written off as depreciation on buildings has not been posted to depreciation account.
    (b) Payment of wages Rs. 2,000 to Venkat was posted twice to wages account.
    (c) An amount of Rs. 250 for a credit sale of goods to Nila, although correctly entered in the sales book, has been posted as Rs. 200.

  • 2)

    The following errors were located before the preparation of the trial balance. Rectify them.
    (a) Paid Rs. 500 to Angappan were wrongly debited to Angannan’s account.
    (b) Sale of furniture for Rs. 750 was credited to sales account.
    (c) Purchase of goods from Bagya for Rs. 2,100 was wrongly passed through sales book.
    (d) Wages Rs. 1,000 paid on erection of machinery were debited to wages account.

  • 3)

    The following errors were located at the time of preparation of the trial balance. Pass rectifying entries.
    (a) Goods of the value of Rs. 100 returned by Bhuvana were included in stock, but no entry was made in the books.
    (b) Sale of goods to Mani on credit for Rs. 475 has been wrongly entered in the sales book as Rs. 745.
    (c) A cheque of Rs. 500 received from Sandhiya was dishonoured and debited to allowances account.
    (d) A sum of Rs. 300 drawn by the proprietor for personal use was debited to wages account.

  • 4)

    Write a note on error of principle by giving an example.

  • 5)

    What are the errors not disclosed by a trial balance?

11th Standard English Medium Accountancy Subject Rectification of Errors Book Back 3 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    The following errors were located after the preparation of the trial balance. Assume that there exists a suspense account. Rectify them.
    (a) Sale of goods on credit to Arun for Rs. 152 posted to his account as Rs. 125.
    (b) Bought goods from Lakshmi on credit for Rs. 550, credited to her account as Rs. 505.
    (c) Purchase of furniture from Abirupa for Rs. 404 on credit was debited to furniture account as Rs. 440.
    (d) Purchased machinery for cash Rs. 200 was not posted to machinery account.
    (e) The total of purchases book Rs. 89 was carried forward as Rs. 98.

  • 2)

    Write a note on suspense account.

  • 3)

    What are the errors disclosed by a trial balance?

  • 4)

    Rectify the following errors assuming that the trial balance is already prepared and the difference was placed to suspense account:
    (a) Sales book was undercast by Rs.250
    (b) Purchases book was undercast by Rs.120
    (c) Sales book was overcast by Rs.130
    (d) Bills receivable book was undercast by Rs.75
    (e) Purchases book was overcast by Rs.35.

  • 5)

    The following errors were located by the accountant after the preparation of trial balance. There exists a suspense account. Rectify them.
    (a) The total of the discount column of Rs.1,180 on the debit side of the cash book was not posted.
    (b) Purchase of goods from Arivuchelvan on credit for Rs.600 was posted to the debit side of his account.
    (c) The total of the discount column on the credit side of the cash book was undercast by Rs.400.
    (d) The total of sales returns book of Rs.570 was posted twice.
    (e) Sold goods to Mukil on credit for Rs.87 was posted to her account as Rs.78.

11th Standard English Medium Accountancy Subject Bank Reconciliation Statement Book Back 3 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    Give any three reasons for preparing bank reconciliation statement.

  • 2)

    Explain why does money deposited into bank appear on the debit side of the cash book, but on the credit side of the bank statement?

  • 3)

    State the timing differences in BRS with examples.

  • 4)

    Rony is the proprietor of Veena photos. The bank column of cash account of his business was balanced on 31st March 2018. It showed an overdraft of Rs.12,000. The bank statement of Veena photos showed a credit balance of Rs.5,000. Prepare a bank reconciliation statement taking the following into account.
    (a) The bank had directly collected dividend Rs.3,000 but was not entered in the cash book.
    (b) Cheques amounting to Rs.9,000 were issued on 27th March 2018, of which, cheques amounting to Rs.7,000 were not presented for payment before 31st March 2018.
    (c) Cheque book charges of Rs.200 debited by the bank but not recorded in cash book.
    (d) Bank locker rent of Rs.1,000 debited by the bank but not recorded in cash book.

  • 5)

    From the following information, prepare bank reconciliation statement as on 31st December, 2017 to find out the balance as per bank statement.

      Particulars Rs
    (i) Balance as per bank statement 6,000
    (ii) Cheques deposited on 28th December, 2017 but not yet credited 2,000
    (iii) Cheques issued for 10,000 on 20th December, 2017 but not yet presented for payment 3,000
    (iv) Interest on debentures directly collected by the bank not recorded in  cash book 4,000
    (v) Insurance premium on building directly paid by the bank 1,000
    (vi) Amount wrongly credited by bank 500

11th Standard English Medium Accountancy Subject Bank Reconciliation Statement Book Back 3 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    What is meant by the term "cheque not yet presented?"

  • 2)

    What will be the effect of interest charged by the bank, if the balance is an overdraft?

  • 3)

    From the following information, prepare bank reconciliation statement as on 31st December, 2017 to find out the balance as per bank statement.

      Particulars Rs
    (i) Overdraft as per cash book 10,000
    (ii) Cheques deposited but not yet credited 5,000
    (iii) Cheque issued but not yet presented for payment 1,000
    (iv) Payment received from the customer directly by the bank 500
    (v) Interest on overdraft debited by bank 1,000
    (vi) Amount wrongly debited by bank 300
  • 4)

    Prepare bank reconciliation statement as on 31st December 2017 from the following information:
    (a) Balance as per bank statement (pass book) is Rs.25,000.
    (b) No record has been made in the cash book for a dishonour of a cheque for Rs.250.
    (c) Cheques deposited into bank amounting to Rs.3,500 were not yet collected.
    (d) Bank charges of Rs.300 have not been entered in the cash book.
    (e) Cheques issued amounting to Rs.9,000 have not been presented for payment.

  • 5)

    In the following illustration, what will be the cash book balance, if the balance as per bank statement is favourable?

      Particulars Amount Rs
    (i) Overdraft balance as per bank statement 6500
    (ii) Cheque deposited into the bank but not yet credited 10,500
    (iii) Cheques issued, but not yet presented for payment 3,000
    (iv) Wrong debit by the bank 500
    (v) Interest and bank charges debited by bank 180
    (vi) Insurance premium on goods directly paid by the bank as per standing instructions 10

11th Standard English Medium Accountancy Subject Subsidiary Books - II Book Back 3 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    Explain the meaning of imprest system of petty cash book.

  • 2)

    Bring out the differences between cash discount and trade discount.

  • 3)

    Write the advantages of maintaining petty cash book?

  • 4)

    Write a brief note on accounting treatment of discount in cash book.

  • 5)

    Briefly explain about contra entry with examples.

11th Standard English Medium Accountancy Subject Trial Balance Book Back 3 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    What are the objectives of preparing trial balance?

  • 2)

    What are the limitations of trial balance?

  • 3)

    'A trial balance is only a prima facie evidence of the arithmetical accuracy of records'. Do you agree with this statement? Give reasons.

  • 4)

    The following trial balance has certain errors. Redraft it.

     S.No   Name of account   L.F   Debit balance 
    Rs.
     Credit balance 
    Rs.
    1  Building   60,000  
    2  Machinery   17,000  
    3  Returns outward   2,600  
    4  Bad debts   2,000  
    5  Cash   400  
    6  Discount received     3,000  
    7  Bank overdraft   10,000  
    8  Creditors   50,000  
    9  Purchases   1,00,000  
    10  Capital     72,800
    11  Fixtures     5,600
    12  Sales     1,04,000
    13  Debtors     60,000
    14  Interest received     2,600
       Total   2,45,000 2,45,000
  • 5)

    The following balances are extracted from the books of Murali, as on 31st March, 2017. Prepare trial balance.

    Particulars Rs Particulars Rs
    Sales 35,000 Audit fees 1,000
    Interest paid 350 Octroi duty 8,000
    Returns inward 2,500 Land 90,000
    Depreciation 2,400 Capital 60,000
    Office rent 2,000 Bank overdraft 11,250

11th Standard English Medium Accountancy Subject Ledger Book Back 3 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    Distinguish between journal and ledger.

  • 2)

    What is ledger? Explain its utilities.

  • 3)

    How is posting made from the journal to the ledger?

  • 4)

    Explain the procedure for balancing a ledger account.

  • 5)

    The following balances appeared in the books of Vinoth on Jan1, 2018
    Assets: Cash Rs.40,000; Stock Rs.50,000; Amount due from Ram Rs.20,000; Machinery Rs.40,000 Liabilities: Amount of due to Vijay Rs.10000 Pass the opening journal entry an deposit them to Vinoth's Capital account.

11th Standard English Medium Accountancy Subject Books of Prime Entry Book Back 3 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    What is an Account? Classify the accounts with suitable examples.

  • 2)

    What is the accounting treatment for insurance premium paid on the life of the proprietor?

  • 3)

    Briefly explain about steps in journalising.

  • 4)

    Complete the accounting equation.

    (a) Assets = Capital + Liabilities
    Rs.1,00,000 =  Rs.80,000 + ?
    (b) Assets = Capital + Liabilities
    Rs.2,00,000 = ? + Rs.40,000
    (c) Assets = Capital + Creditors
    ? = Rs.60,000 + Rs.80,000
  • 5)

    Show the accounting equation on the basis of the following:
    (a) Started business with cash Rs 60,000
    (b) Goods bought on credit from Ramesh Rs 20,000
    (c) Purchased furniture for cash Rs 15,000
    (d) Paid creditors by cash Rs 500

11th Standard English Medium Accountancy Subject Books of Prime Entry Book Back 3 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    What are the three different types of personal accounts?

  • 2)

    State the principles of double entry system of book keeping.

  • 3)

    What is double entry system? State its advantages.

  • 4)

    Show the accounting equation on the basis of the following transactions:
    i) Ramya started business with Cash   Rs.25,000
    ii) Purchases goods from Harsha   Rs.20,000
    iii) Sold goods to Amala costing Rs.18,000    Rs.25,000
    iv) Ramya withdrew from business   Rs.5,000

  • 5)

    Classify the following into personal, real and nominal accounts.
    (a) Capital
    (b) Building
    (c) Carriage inwards
    (d) Cash
    (e) Commission received
    (f) Bank
    (g) Purchases
    (h) Chandru
    (i) Outstanding wages

11th Standard English Medium Accountancy Subject Introduction to Accounting Book Back 3 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    Explain the meaning of accounting.

  • 2)

    Discuss briefly the branches of accounting.

  • 3)

    Discuss in detail the importance of accounting

  • 4)

    Why are the following parties interested in accounting information?
    (i) Investors
    (ii) Government

  • 5)

    Discuss the role of an accountant in the modern business world.

11th Standard English Medium Accountancy Subject Computerised Accounting Book Back 2 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    What is a computer?

  • 2)

    What is hardware?

  • 3)

    What is accounting software?

  • 4)

    Give any two examples of readymade software.

  • 5)

    What is grouping of accounts?

11th Standard English Medium Accountancy Subject Computerised Accounting Book Back 2 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    What is CAS?

  • 2)

    What is meant by software?

  • 3)

    Name any two accounting packages.

  • 4)

    What is coding?

  • 5)

    What are mnemonic codes?

11th Standard English Medium Accountancy Subject Final Accounts of Sole Proprietors - II Book Back 2 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    What are adjusting entries?

  • 2)

    What is outstanding expense?

  • 3)

    What is prepaid expense?

  • 4)

    What are accrued incomes?

  • 5)

    What is provision for discount on debtors?

11th Standard English Medium Accountancy Subject Final Accounts of Sole Proprietors - I Book Back 2 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    Compute cost of goods sold from the following information:

     Particulars     Rs 
      Opening stock           8,000
      Purchases 60,000
      Direct expenses 5,000
      Indirect expenses      6,000
      Closing stock 9,000
  • 2)

    What are wasting assets?

  • 3)

    What is meant by purchases returns?

  • 4)

    Mention any two differences between trial balance and balance sheet.

  • 5)

    What is the need for preparing profit and loss account?

11th Standard English Medium Accountancy Subject Final Accounts of Sole Proprietors - I Book Back 2 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    What are fixed assets?

  • 2)

    Name any two direct expenses and indirect expenses.

  • 3)

    What are the objectives of preparing trading account?

  • 4)

    Prepare trading account in the books of Sivashankar from the following figures

     Particulars   Rs   Particulars   Rs 
      Opening stock         1,500   Purchases         3,500
      Sales 4,600   Closing stock     1,300
  • 5)

    From the following balances taken from the books of Victor, prepare trading account for the year ended December 31, 2017:

     Particulars   Rs   Particulars   Rs 
      Adjusted purchases      80,000   Closing stock       7,000
      Sales 90,000   Carriage inwards    3,000
      Royalty on purchases of goods    4,000   Import duty on purchases of goods    6,000
      Octroi on purchase of goods 2,000   Dock charges on purchases 5,000
      Cost of goods manufactured 5,000    

11th Standard English Medium Accountancy Subject Capital and Revenue Transactions Book Back 2 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    State with reasons whether the following are capital or revenue or deferred revenue expenditure:
    i) Advertisement expenses amounted to Rs.10 crores to introduce a new product.
    ii) Expenses on freight for purchasing new machinery.
    iii) Freight and insurance on the new machinery and cartage paid to bring the new machinery to the factory.

  • 2)

    State whether the following are capital or revenue items.
    i. Rs.5,000 spent towards additions to buildings.
    ii. Second-hand motor car purchased for Rs.30,000 and paid Rs.2,000 as repairs immediately.
    iii. Rs.10,000 was spent on painting the new factory.
    iv. Freight and cartage on the new machine Rs.150, erection charges Rs.200.
    v. Rs.150 spent on repairs before using a second hand car purchased recently.

  • 3)

    Classify the following expenditures and receipts as capital or revenue:
    i) Rs.10,000 spent as travelling expenses of the directors on trips abroad for the purchase of fixed assets.
    ii) Amount received from trade receivables during the year.
    iii) Amount spent on demolition of building to construct a large building on the same site.
    iv) Insurance claim received on account of a machinery damaged by fire.

  • 4)

    What is capital expenditure?

  • 5)

    Write a short note on revenue receipt.

11th Standard English Medium Accountancy Subject Capital and Revenue Transactions Book Back 2 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    State whether the following are capital, revenue or deferred revenue expenditure.
    i) Carriage of Rs.1,000 spent on machinery purchased and installed.
    ii) Office rent paid Rs.2,000.
    iii) Wages of Rs.5,000 paid to machine operators.
    iv) Hire charges for the use of motor vehicle, hired for five years, but paid yearly.

  • 2)

    Classify the following expenses as capital or revenue.
    i) The sum of Rs.3,200 has been spent on a machine as follows:
    a) Rs.2,000 for additions to double the output.
    b) Rs.1,200 for repairs necessitated by negligence.
    ii) Overhauling expenses of Rs.25,000 for the engine of a motor car to get better fuel efficiency.

  • 3)

    What is meant by revenue expenditure?

  • 4)

    What is capital profit?

  • 5)

    What is meant by deferred revenue expenditure?

11th Standard English Medium Accountancy Subject Depreciation Accounting Book Back 2 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    An asset is purchased for Rs. 50,000. The rate of depreciation is 15% p.a. Calculate the annual depreciation for the first two years under diminishing balance method.

  • 2)

    A furniture costing Rs 5,000 was purchased on 1.1.2016, the installation charges being Rs 1,000. The furniture is to be depreciated @10% p.a. on the diminishing balance method. Pass journal entries for the first two years.

  • 3)

    On 1.1.2017 a firm purchased a machine at a cost of Rs.1,00,000. Its life was estimated to be 10 years with a scrap value of Rs.10,000. Compute the amount of depreciation to be charged at the end of each year.

  • 4)

    From the following information, calculate the amount of depreciation and rate of depreciation under straight line method.
    Purchase price of machine Rs.2,00,000
    Expenses to be capitalised Rs.50,000
    Estimated residual value Rs.15,000
    Expected useful life 5 years

  • 5)

    Calculate the amount of depreciation and depreciation rate from the following by using ‘straight line method’. Also give journal entries for the first two years. The books are closed on 31st December every year.

    January 1, 2016 Payment to vendor for purchase of machinery Rs.2,00,000
    January 1, 2016 Transportation cost Rs.2,000
    January 1, 2016 Installation cost Rs.18,000
    Estimated scrap value at the end of the life Rs.10,000
    Estimated life 10 years

11th Standard English Medium Accountancy Subject Depreciation Accounting Book Back 2 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    List out the various methods of depreciation.

  • 2)

    What is annuity method?

  • 3)

    A firm purchased a plant for Rs. 40,000. Erection charges amounted to Rs. 2,000. Effective life of the plant is 5 years. Calculate the amount of depreciation per year under straight line method

  • 4)

    Furniture was purchased for Rs. 60,000 on 1-7-2016. It is expected to last for 5 years. Estimated scrap at the end of five years is Rs. 4,000. Find out the rate of depreciation under straight line method.

  • 5)

    A boiler was purchased on 1st January 2015 from abroad for Rs. 10,000. Shipping and forwarding charges amounted to Rs. 2,000. Import duty Rs 7,000 and expenses of installation amounted to Rs. 1,000. Calculate depreciation for the first 3 years @ 10% p.a. on diminishing balance method assuming that the accounts are closed 31st December each year.

11th Standard English Medium Accountancy Subject Rectification of Errors Book Back 2 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    Rectify the following errors before the preparation of trial balance:
    (a) Returns outward book was undercast by Rs.2,000
    (b) Returns inward book total was taken as Rs.15,000 instead of Rs.14,000
    (c) The total of the purchases account was carried forward Rs.100 less

  • 2)

    Rectify the following errors before preparing trial balance:
    (a) The total of purchases book was carried forward Rs.90 less.
    (b) The total of purchases book was carried forward Rs.180 more.
    (c) The total of sales book was carried forward Rs.270 less.
    (d) The total of sales returns book was carried forward Rs.360 more.
    (e) The total of purchase returns book was carried forward Rs.450 less.

  • 3)

    Rectify the following errors after preparation of trial balance:
    (a) Salary paid to Ram Rs.1,000 was wrongly debited to his personal account.
    (b) A credit sale of goods to Balu for Rs.450 was debited to Balan.

  • 4)

    Give journal entries to rectify the following errors discovered after the preparation of trial balance:
    (a) Purchases book was overcast by Rs.10,000.
    (b) Repairs to furniture of Rs.500 was debited to furniture account.
    (c) A credit sale of goods to Akilnilavan for Rs.456 was credited to his account as Rs.654.

  • 5)

    The following errors were located after the preparation of trial balance. Pass journal entries to rectify them. Assume that there exists a suspense account.
    (a) The total of sales book was undercast by Rs.350.
    (b) The total of the discount column on the debit side of cash book Rs.420 was not posted.
    (c) The total of one page of the purchases book of Rs.5,353 was carried forward to the next page as Rs.5,533.
    (d) Salaries Rs.2,400 was posted as Rs.24,000.
    (e) Purchase of goods from Sembiyanmadevi on credit for Rs.180 was posted to her account as Rs.1,800

11th Standard English Medium Accountancy Subject Rectification of Errors Book Back 2 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    The following errors were detected before preparation of trial balance. Rectify them.
    (a) Purchases returns book is undercast by Rs. 500.
    (b) Purchases returns book is overcast by Rs. 600.
    (c) Sales returns book is undercast by Rs. 700.
    (d) Sales returns book is overcast by Rs. 800.

  • 2)

    The following errors were detected before preparation of trial balance. Rectify them.
    (a) The total of rent received account is carried forward Rs. 900 short.
    (b) The total of rent received account is carried forward Rs. 1,000 excess.
    (c) The total of salary account is carried forward Rs. 1,100 short.
    (d) The total of salary account is carried forward Rs. 1,200 excess

  • 3)

    What is meant by error of principle?

  • 4)

    What is meant by error of complete omission?

  • 5)

    State the account/s affected in each of the following errors:
    (a) Goods purchased on credit from Saranya for Rs.150 was posted to the debit side of her account.
    (b) The total of purchases book Rs.4,500 was posted twice.

11th Standard English Medium Accountancy Subject Bank Reconciliation Statement Book Back 2 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    What is meant by bank overdraft?

  • 2)

    What is bank reconciliation statement?

  • 3)

    State any two causes of disagreement between the balance as per bank column of cash book and bank statement.

  • 4)

    Give any two expenses which may be paid by the banker as per standing instruction.

  • 5)

    Substitute the following statements with one word/phrase
    (a) A copy of customer's account issued by the bank
    (b) Debit balance as per bank statement
    (c) Statement showing the causes of disagreement between the balance as per cash book and balance as per bank statement

11th Standard English Medium Accountancy Subject Subsidiary Books - II Book Back 2 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    What are the different types of cash book?

  • 2)

    Give the format of 'Single column cash book'

  • 3)

    Give the format of 'Double column cash book'.

  • 4)

    What is cash discount?

  • 5)

    What is a petty cash book?

11th Standard English Medium Accountancy Subject Subsidiary Books - II Book Back 2 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    What is cash book?

  • 2)

    What is simple cash book?

  • 3)

    What is double column cash book?

  • 4)

    What is three column cash book?

  • 5)

    What is trade discount?

11th Standard English Medium Accountancy Subject Subsidiary Books - I Book Back 2 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    Mention four types of subsidiary books.

  • 2)

    What is purchases returns book?

  • 3)

    What is sales returns book?

  • 4)

    What is credit note?

  • 5)

    Define bill of exchange.

11th Standard English Medium Accountancy Subject Subsidiary Books - I Book Back 2 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    What is purchases returns book?

  • 2)

    What is sales returns book?

  • 3)

    What is credit note?

  • 4)

    Define bill of exchange.

  • 5)

    What is an invoice?

11th Standard English Medium Accountancy Subject Trial Balance Book Back 2 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    What is trial balance?

  • 2)

    Give the format of trial balance.

  • 3)

    What are the methods of preparation of trial balance?

  • 4)

    State whether the balance of the following accounts should be placed in the debit or the credit column of the trial balance
    (i) Carriage outwards
    (ii) Carriage inwards
    (iii) Sales
    (iv) Purchases
    (v) Bad debts
    (vi) Interest paid
    (vii) Interest received
    (viii) Discount received
    (ix) Capital
    (x) Drawings
    (xi) Sales returns
    (xii) Purchase returns

  • 5)

    State whether the balance of each of the following accounts should be placed in the debit or the credit column of the trial balance.
    1) Sundry debtors
    2) Creditors
    3) Cash in hand
    4) Bank overdraft
    5) Salary
    6) Discount allowed
    7) Plant and machinery
    8) Furniture

11th Standard English Medium Accountancy Subject Ledger Book Back 2 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    What is a ledger?

  • 2)

    What is meant by posting?

  • 3)

    What is debit balance?

  • 4)

    What is credit balance?

  • 5)

    What is balancing of an account?

11th Standard English Medium Accountancy Subject Books of Prime Entry Book Back 2 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    What are source documents?

  • 2)

    What is accounting equation?

  • 3)

    What is meant by journalising?

  • 4)

    How are personal accounts classified?

  • 5)

    Give the golden rules of double entry accounting system.

11th Standard English Medium Accountancy Subject Introduction to Accounting Book Back 2 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    Define accounting.

  • 2)

    List any two functions of accounting.

  • 3)

    What are the steps involved in the process of accounting?

  • 4)

    Who are the parties interested in accounting information?

  • 5)

    Name any two bases of recording accounting information.

11th Standard English Medium Accountancy Subject Computerised Accounting Book Back 1 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    In accounting, computer is commonly used in the following areas:

  • 2)

    Which one is not a component of computer system?

  • 3)

    An example of output device is _______.

  • 4)

    One of the limitations of computerised accounting system is _______.

  • 5)

    TALLY is an example of _______.

11th Standard English Medium Accountancy Subject Computerised Accounting Book Back 1 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    Customised accounting software is suitable for _______.

  • 2)

    An example of output device is _______.

  • 3)

    Which one of the following is not a method of codification of accounts?

  • 4)

    People who write codes and programes are called as _______.

  • 5)

    Accounting software is an example of _______.

11th Standard English Medium Accountancy Subject Final Accounts of Sole Proprietors - II Book Back 1 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    A prepayment of insurance premium will appear in ______.

  • 2)

    Net profit is ______.

  • 3)

    Closing stock is valued at ______.

  • 4)

    Accrued interest on investment will be shown______.

  • 5)

    If there is no existing provision for doubtful debts, provision created for doubtful debts is ______.

11th Standard English Medium Accountancy Subject Final Accounts of Sole Proprietors - I Book Back 1 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    Closing stock is an item of ______.

  • 2)

    Net profit of the business increases the ______.

  • 3)

    Bank overdraft should be shown _______.

  • 4)

    Drawings appearing in the trial balance is _______.

  • 5)

    Current assets does not include _______.

11th Standard English Medium Accountancy Subject Final Accounts of Sole Proprietors - I Book Back 1 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    Balance sheet is ______.

  • 2)

    Carriage inwards will be shown _______.

  • 3)

    Balance sheet shows the ________ of the business.

  • 4)

    Salaries appearing in the trial balance is shown on the _______.

  • 5)

    Goodwill is classified as _______.

11th Standard English Medium Accountancy Subject Capital and Revenue Transactions Book Back 1 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    Expenditure incurred Rs.20,000 for trial run of a newly installed machinery will be ______.

  • 2)

    Interest on bank deposits is ______.

  • 3)

    Amount received from IDBI as a medium term loan for augmenting working capital ______.

  • 4)

    Revenue expenditure is intended to benefit ______.

  • 5)

    Pre-operative expenses are ______.

11th Standard English Medium Accountancy Subject Depreciation Accounting Book Back 1 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    Cash received from sale of fixed asset is credited to ____________

  • 2)

    Depreciation is caused by ____.

  • 3)

    For which of the following assets, the depletion method is adopted for writing off cost of the asset?

  • 4)

    Which method shall be efficient, if repairs and maintenance cost of an asset increases as it grows older.

  • 5)

    If the rate of depreciation is same, then the amount of depreciation under straight line method vis-à-vis written down value method will be ________.

11th Standard English Medium Accountancy Subject Depreciation Accounting Book Back 1 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    If the total charge of depreciation and maintenance cost are considered, the method that provides a uniform charge is ____.

  • 2)

    Depreciation provided on machinery is debited to ____________

  • 3)

    Depreciation is provided on ____________

  • 4)

    Depreciation is the process of ____________

  • 5)

    A depreciable asset may suffer obsolescence due to______.

11th Standard English Medium Accountancy Subject Rectification of Errors Book Back 1 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    Errors not affecting the agreement of trial balance are _______.

  • 2)

    A transaction not recorded at all is known as an error of _______.

  • 3)

    Which of the following errors will not affect the trial balance?

  • 4)

    A credit purchase of furniture from Athiyaman was debited to purchases account. Which of the following accounts should be debited while rectifying this error?

  • 5)

    Which of the following errors will be rectified using suspense account?

11th Standard English Medium Accountancy Subject Rectification of Errors Book Back 1 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    Error of principle arises when _______.

  • 2)

    The difference in trial balance is taken to _______.

  • 3)

    Wages paid for installation of machinery wrongly debited to wages account is an error of _______.

  • 4)

    Goods returned by Senguttuvan were taken into stock, but no entry was passed in the books. While rectifying this error, which of the following accounts should be debited?

  • 5)

    The total of purchases book was overcast. Which of the following accounts should be debited in the rectifying journal entry?

11th Standard English Medium Accountancy Subject Bank Reconciliation Statement Book Back 1 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    A bank reconciliation statement is prepared with the help of ______.

  • 2)

    A bank statement is a copy of _______.

  • 3)

    When money is withdrawn from bank, the bank _______.

  • 4)

    Balance as per cash book is Rs. 2,000. Bank charge of Rs. 50 debited by the bank is not yet shown in the cash book. What is the bank statement balance now?

  • 5)

    Which one of the following is not a timing difference?

11th Standard English Medium Accountancy Subject Bank Reconciliation Statement Book Back 1 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    A bank reconciliation statement is prepared by ______.

  • 2)

    Debit balance in the bank column of the cash book means _______.

  • 3)

    A bank reconciliation statement is prepared to know the causes for the difference between:

  • 4)

    Which of the following is not the salient feature of bank reconciliation statement?

  • 5)

    Balance as per bank statement is Rs. 1,000. Cheque deposited, but not yet credited by the bank is Rs. 2,000. What is the balance as per bank column of the cash book?

11th Standard English Medium Accountancy Subject Subsidiary Books - II Book Back 1 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    Cash book is a_______

  • 2)

    When a firm maintains a simple cash book, it need not maintain_______.

  • 3)

    In Triple column cash book, the balance of bank overdraft brought forward will appear in_________

  • 4)

    If the debit and credit aspects of a transaction are recorded in the cash book, it is ______.

  • 5)

    Small payments are recorded in a book called_____.

11th Standard English Medium Accountancy Subject Subsidiary Books - II Book Back 1 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    The cash book records____.

  • 2)

    A cash book with discount, cash and bank column is called_______

  • 3)

    Which of the following is recorded as contra entry?

  • 4)

    The balance in the petty cash book is_____.

  • 5)

    Petty Cash may be used to pay __________

11th Standard English Medium Accountancy Subject Subsidiary Books - I Book Back 1 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    A periodic total of the purchases book is posted to the _______

  • 2)

    The total of the sales book is posted periodically to the credit of ____  

  • 3)

    Sales return book is used to record_________

  • 4)

    The source document or voucher used for recording entries in sales book is ____

  • 5)

    Closing entries are recorded in _____

11th Standard English Medium Accountancy Subject Subsidiary Books - I Book Back 1 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    Purchases book is used to record______

  • 2)

    Sales book is used to record_____

  • 3)

    Purchase returns book is used to record_____

  • 4)

    Purchases of fixed assets on credit basis is recorded in_______

  • 5)

    Which of the following statements is not true?

11th Standard English Medium Accountancy Subject Trial Balance Book Back 1 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    Trial balance is a_____

  • 2)

    The trial balance contains the balances of_____

  • 3)

    While preparing the trial balance, the accountant finds that the total of the credit column is short by Rs.200. This difference will be

  • 4)

    Which of the following method(s) can be used for preparing trial balance?

  • 5)

    The difference of totals of both debit and credit side of trial balance is transferred to _________

11th Standard English Medium Accountancy Subject Trial Balance Book Back 1 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    After the preparation of ledger, the next step is the preparation of

  • 2)

    Which of the following is/are the objective(s) of preparing trial balance?

  • 3)

    A list which contains balances of accounts to know whether the debit and credit balances are matched is _______

  • 4)

    The account which has a debit balance and is shown in the debit column of the trial balance is_______

  • 5)

    Trial balance is prepared ____________

11th Standard English Medium Accountancy Subject Ledger Book Back 1 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    The process of transferring the debit and credit items from journal to ledger accounts is called 

  • 2)

    J. F. means ___________

  • 3)

    The process of finding the net amount from the totals of debit and credit columns in a ledger is known as

  • 4)

    If the total of the debit side of an account exceeds the total of its credit side, it means

  • 5)

    The amount brought into the business by the proprietor should be credited to

11th Standard English Medium Accountancy Subject Books of Prime Entry Book Back 1 Mark Questions with Solution Part - II - by Question Bank Software View & Read

  • 1)

    'Cash withdrawn by the proprietor from the business for his personal use' causes

  • 2)

    The incorrect accounting equation 

  • 3)

    Real account deals with  

  • 4)

    Prepaid rent is a  

  • 5)

    In double entry system of book keeping, every business transaction affects  

11th Standard English Medium Accountancy Subject Books of Prime Entry Book Back 1 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    Accounting equation signifies 

  • 2)

    A firm has assets of Rs.1,00,000 and the external liabilities of Rs.60,000. Its capital would be  

  • 3)

    Accounting equation is formed based on the accounting principle of

  • 4)

    Which one of the following is representative personal account?

  • 5)

    With drawal of cash from business by the proprietor should be credited to 

11th Standard English Medium Accountancy Subject Conceptual Framework of Accounting Book Back 1 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    The business is liable to the proprietor of the business in respect of capital introduced by the person according to

  • 2)

    The concept which assumes that a business will last indefinitely is

  • 3)

    GAAPs are:

  • 4)

    The rule of stock valuation 'cost price or realisable value' whichever is lower is based on the accounting principle of :

  • 5)

    In India, Accounting Standards are issued by

11th Standard English Medium Accountancy Subject Introduction to Accounting Book Back 1 Mark Questions with Solution Part - I - by Question Bank Software View & Read

  • 1)

    The root of financial accounting system is ______.

  • 2)

    Which one of the following is not a main objective of Accounting?

  • 3)

    Which one of the following is not a branch of accounting?

  • 4)

    Financial position of a business is ascertained on the basis of ______.

  • 5)

    Who is considered to be the internal user of the financial information?

11th Standard Accountancy Reduced Syllabus 2020-21 - by QB Admin View & Read

11th Standard Accountancy TextBook – 2021 - by QB Admin View & Read