11th Standard Accountancy State Board (Tamilnadu) - study material, free online tests, previous year question papers, answer keys, topper answers, centum question paper, exam tips

TN 11th Accountancy Trial Balance Important 2, 3 & 5 Marks Questions With Answers Book Back and Creative - by Sneha - Aug 05, 2024 - View & Read

TN 11th Accountancy Subsidiary Books - II Important 2, 3 & 5 Marks Questions With Answers Book Back and Creative - by Sneha - Aug 05, 2024 - View & Read

TN 11th Accountancy Subsidiary Books - I Important 2, 3 & 5 Marks Questions With Answers Book Back and Creative - by Sneha - Aug 05, 2024 - View & Read

TN 11th Accountancy Rectification of Errors Important 2, 3 & 5 Marks Questions With Answers Book Back and Creative - by Sneha - Aug 05, 2024 - View & Read

TN 11th Accountancy Market Structure and Pricing 50 Important 1 Marks Questions With Answers Book Back and Creative - by Sneha - Aug 05, 2024 - View & Read

TN 11th Accountancy Ledger Important 2, 3 & 5 Marks Questions With Answers Book Back and Creative - by Sneha - Aug 05, 2024 - View & Read

TN 11th Economics Introduction to Micro Economics 50 Important 1 Marks Questions With Answers Book Back and Creative - by Sneha - Aug 05, 2024 - View & Read

TN 11th Economics Cost and Revenue Analysis 50 Important 1 Marks Questions With Answers Book Back and Creative - by Sneha - Aug 05, 2024 - View & Read

TN 11th Accountancy Trial Balance 50 Important 1 Marks Questions With Answers Book Back and Creative - by Sneha - Aug 05, 2024 - View & Read

TN 11th Accountancy Subsidiary Books - II 50 Important 1 Marks Questions With Answers Book Back and Creative - by Sneha - Aug 05, 2024 - View & Read

TN 11th Accountancy Subsidiary Books - I 50 Important 1 Marks Questions With Answers Book Back and Creative - by Sneha - Aug 05, 2024 - 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 - Aug 05, 2024 - View & Read

TN 11th Accountancy Depreciation Accounting Important 2, 3 & 5 Marks Questions With Answers Book Back and Creative - by Sneha - Aug 05, 2024 - View & Read

TN 11th Accountancy Conceptual Framework of Accounting Important 2, 3 & 5 Marks Questions With Answers Book Back and Creative - by Sneha - Aug 05, 2024 - View & Read

TN 11th Accountancy Capital and Revenue Transactions Important 2, 3 & 5 Marks Questions With Answers Book Back and Creative - by Sneha - Aug 05, 2024 - View & Read

TN 11th Accountancy Capital and Revenue Transactions Important 2, 3 & 5 Marks Questions With Answers Book Back and Creative - by Sneha - Aug 03, 2024 - View & Read

TN 11th Accountancy Books of Prime Entry Important 2, 3 & 5 Marks Questions With Answers Book Back and Creative - by Sneha - Aug 03, 2024 - View & Read

TN 11th Accountancy Bank Reconciliation Statement Important 2, 3 & 5 Marks Questions With Answers Book Back and Creative - by Sneha - Aug 03, 2024 - View & Read

TN 11th Accountancy Rectification of Errors 50 Important 1 Marks Questions With Answers Book Back and Creative - by Sneha - Aug 03, 2024 - View & Read

TN 11th Accountancy Ledger 50 Important 1 Marks Questions With Answers Book Back and Creative - by Sneha - Aug 03, 2024 - View & Read

TN 11th Accountancy Introduction to Accounting 50 Important 1 Marks Questions With Answers Book Back and Creative - by Sneha - Aug 03, 2024 - View & Read

TN 11th Accountancy Final Accounts of Sole Proprietors - I 50 Important 1 Marks Questions With Answers Book Back and Creative - by Sneha - Aug 03, 2024 - View & Read

TN 11th Accountancy Depreciation Accounting 50 Important 1 Marks Questions With Answers Book Back and Creative - by Sneha - Aug 03, 2024 - View & Read

TN 11th Accountancy Computerised Accounting 50 Important 1 Marks Questions With Answers Book Back and Creative - by Sneha - Aug 03, 2024 - View & Read

TN 11th Accountancy Capital and Revenue Transactions 50 Important 1 Marks Questions With Answers Book Back and Creative - by Sneha - Aug 03, 2024 - View & Read

TN 11th Accountancy Bank Reconciliation Statement 50 Important 1 Marks Questions With Answers Book Back and Creative - by Sneha - Aug 03, 2024 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 31^st 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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	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 - May 13, 2022 - 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 - May 13, 2022 - 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 31^st 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 31^st 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 - May 13, 2022 - 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 31^st 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 27^th March 2018, of which, cheques amounting to Rs.7,000 were not presented for payment before 31^st 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 28^thDecember, 2017 but not yet credited	2,000
(iii)	Cheques issued for 10,000 on 20^th 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 - May 13, 2022 - 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 1^st December, 2017, the opening balance as per cash book and bank record was the same. On 2^nd 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 - May 13, 2022 - 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 - May 13, 2022 - 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 3^rd, 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 1^st 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 31^st 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 - May 13, 2022 - 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 1^stJanuary 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 31^st 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 - May 13, 2022 - View & Read

1)
What is original cost method of providing depreciation?
2)
On1^stJanuary 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 1^st 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' 31^st 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - View & Read

1)

Prepare trading account for the year ended 31^st 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 - May 13, 2022 - 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

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 31^st 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 - May 13, 2022 - 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 31^st 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.

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

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 - May 13, 2022 - 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 - May 13, 2022 - 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 31^st 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 31^st 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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

1 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.

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

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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 31^st 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 31^st 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 31^st 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 - May 13, 2022 - 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 31^st 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 3^st December, 2015, Prepare motor car account. The accounts are closed on 31^st 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 31^st 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 - May 13, 2022 - 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 - May 13, 2022 - 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 31^st 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 31^st 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 31^stmarch 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 31^st 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 - May 13, 2022 - 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 31^st 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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	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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - View & Read

1)

Prepare three column cash book of Mr. Raghavan from the following transactions and balance the cash book on 30^th 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 - May 13, 2022 - 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 - May 13, 2022 - 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 1^st 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 31^st 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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	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 1^st 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 - May 13, 2022 - 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 31^st 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 - May 13, 2022 - View & Read

1)

From the following balances extracted from the books of Raju a trader on automobiles, prepare trial balance as on 31^st 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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.

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 - May 13, 2022 - 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 1^st 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 - May 13, 2022 - View & Read

1)
From the following particulars of Kamakshi traders, prepare a bank reconciliation statement as on 31^st 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 31^st 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 5^th 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 30^th March 2017 for Rs.2,000.
e) On 30^th 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 31^st 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 29^th 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 31^st 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 - May 13, 2022 - View & Read

1)
From the following particulars prepare a bank reconciliation statement of Jayakumar as on 31^st 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 31^st 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 31^st 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 31^st 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 30^th 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 31^st 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 - May 13, 2022 - 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 - May 13, 2022 - 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		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 - May 13, 2022 - 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 31^st 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 30^th June, 2010 the worn out machinery was sold for Rs. 52,000. The books are closed on 31^st 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 31^st 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 - May 13, 2022 - View & Read

1)
On 1^st January 2015, a second hand machine was purchased for Rs. 58,000 and Rs. 2,000 was spent on its repairs. On 1^stJuly 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 31^st 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 31^st 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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	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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 31^st 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 1^st January, 2016	1,000
	25,000		25,000

Prepare the trading and profit and loss account for the year ended 31^st 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 31^st March 2016, Rs. 2,100

4)

Consider the following balances extracted from the books of Jain as on 31^st 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 31^st 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 - May 13, 2022 - 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 31^st 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 - May 13, 2022 - View & Read

1)
Abstracts from the trial balance as on 31^stMarch, 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 31^st 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 - May 13, 2022 - 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 31^st 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 31^st 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 31^st 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 31^st 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 31^st December, 2013 amounted to Rs. 39,460.
(b) Cheque paid into bank but not cleared before 31^st 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - May 13, 2022 - 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	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 - May 13, 2022 - 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 31^st 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 - May 13, 2022 - 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 - May 13, 2022 - 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 - Jun 30, 2021 - 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 31^st 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 31^st 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 31^st 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 31^st December, 2013 amounted to Rs. 39,460.
(b) Cheque paid into bank but not cleared before 31^st 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 - Jun 30, 2021 - 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 - Jun 30, 2021 - 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 31^st 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 - Jun 30, 2021 - 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 31^st 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 - Jun 30, 2021 - 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 - Jun 30, 2021 - 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	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 - Jun 30, 2021 - 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 - Jun 30, 2021 - 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 - Jun 29, 2021 - 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 - Jun 29, 2021 - 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 1^st 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 31^st 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 - Jun 29, 2021 - 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 - Jun 29, 2021 - View & Read

1)

Prepare three column cash book of Mr. Raghavan from the following transactions and balance the cash book on 30^th 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 - Jun 29, 2021 - 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 - Jun 29, 2021 - 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 - Jun 29, 2021 - 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	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 - Jun 29, 2021 - 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 - Jun 29, 2021 - 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 - Jun 29, 2021 - 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 - Jun 29, 2021 - 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 - Jun 29, 2021 - 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 - Jun 29, 2021 - 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 - Jun 29, 2021 - 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 - Jun 29, 2021 - 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 - Jun 29, 2021 - 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 - Jun 29, 2021 - 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 31^st 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 - Jun 29, 2021 - 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 31^st 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 31^st 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 31^stmarch 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 31^st 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 - Jun 29, 2021 - 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 - Jun 29, 2021 - 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 31^st 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 3^st December, 2015, Prepare motor car account. The accounts are closed on 31^st 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 31^st 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 - Jun 29, 2021 - 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 31^st 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 - Jun 29, 2021 - 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 - Jun 29, 2021 - 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 - Jun 29, 2021 - 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 31^st 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 - Jun 29, 2021 - 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 - Jun 29, 2021 - 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 - Jun 29, 2021 - 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 - Jun 29, 2021 - 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 - Jun 29, 2021 - 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 - Jun 29, 2021 - 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 31^st 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 - Jun 29, 2021 - 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 - Jun 29, 2021 - 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 - Jun 29, 2021 - 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 - Jun 29, 2021 - 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 - Jun 29, 2021 - 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 - Jun 29, 2021 - 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 - Jun 29, 2021 - 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 - Jun 29, 2021 - 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 - Jun 29, 2021 - 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 - Jun 29, 2021 - 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 - Jun 29, 2021 - 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 - Jun 29, 2021 - 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 - Jun 29, 2021 - 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 - Jun 29, 2021 - 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 - Jun 29, 2021 - 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 31^st 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 - Jun 29, 2021 - 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 - Jun 29, 2021 - View & Read

1)
What is original cost method of providing depreciation?
2)
On1^stJanuary 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 1^st 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' 31^st 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 - Jun 29, 2021 - 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 1^st 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 31^st December, each year.

11th Standard English Medium Accountancy Subject Rectification of Errors Creative 2 Mark Questions with Solution Part - I - by Question Bank Software - Jun 29, 2021 - 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 - Jun 29, 2021 - 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 3^rd, 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 - Jun 29, 2021 - 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 1^st December, 2017, the opening balance as per cash book and bank record was the same. On 2^nd 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 - Jun 28, 2021 - 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 - Jun 28, 2021 - 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 - Jun 28, 2021 - 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 - Jun 28, 2021 - 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 - Jun 28, 2021 - 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 - Jun 28, 2021 - 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 - Jun 28, 2021 - 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 - Jun 28, 2021 - 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 - Jun 28, 2021 - 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 - Jun 28, 2021 - 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 - Jun 28, 2021 - 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 - Jun 28, 2021 - 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 - Jun 28, 2021 - 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 - Jun 28, 2021 - 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 - Jun 28, 2021 - 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 - Jun 28, 2021 - 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 - Jun 28, 2021 - 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 - Jun 28, 2021 - 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 - Jun 28, 2021 - 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 - Jun 28, 2021 - 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 - Jun 28, 2021 - 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 - Jun 28, 2021 - 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 - Jun 28, 2021 - 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 - Jun 28, 2021 - 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 - Jun 28, 2021 - 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 - Jun 28, 2021 - 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 - Jun 28, 2021 - 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 - Jun 28, 2021 - 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 - Jun 28, 2021 - 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 - Jun 28, 2021 - 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 - Jun 28, 2021 - 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 - Jun 28, 2021 - 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 - Jun 28, 2021 - 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 - Jun 28, 2021 - 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 - Jun 28, 2021 - 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 - Jun 28, 2021 - 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 - Jun 28, 2021 - 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 - Jun 28, 2021 - 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 - Jun 28, 2021 - 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 - Jun 28, 2021 - 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 - Jun 28, 2021 - 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 - Jun 28, 2021 - 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 - Jun 28, 2021 - 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 - Jun 28, 2021 - 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 - Jun 09, 2021 - 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 - Jun 09, 2021 - 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 - Jun 09, 2021 - 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 31^st 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 - Jun 09, 2021 - 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	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 - Jun 09, 2021 - 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 - Jun 09, 2021 - 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 - Jun 09, 2021 - 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 - Jun 09, 2021 - 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 - Jun 09, 2021 - 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 - Jun 09, 2021 - View & Read

1)
Abstracts from the trial balance as on 31^stMarch, 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 31^st 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 - Jun 09, 2021 - 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 31^st 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 1^st January, 2016	1,000
	25,000		25,000

Prepare the trading and profit and loss account for the year ended 31^st 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 31^st March 2016, Rs. 2,100

4)

Consider the following balances extracted from the books of Jain as on 31^st 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 31^st 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 - Jun 09, 2021 - 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 - Jun 09, 2021 - 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 - Jun 09, 2021 - 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 - Jun 09, 2021 - View & Read

1)
On 1^st January 2015, a second hand machine was purchased for Rs. 58,000 and Rs. 2,000 was spent on its repairs. On 1^stJuly 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 31^st 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 31^st 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 - Jun 09, 2021 - 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 31^st 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 30^th June, 2010 the worn out machinery was sold for Rs. 52,000. The books are closed on 31^st 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 31^st 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 - Jun 09, 2021 - 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		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 - Jun 09, 2021 - 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 - Jun 09, 2021 - View & Read

1)
From the following particulars prepare a bank reconciliation statement of Jayakumar as on 31^st 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 31^st 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 31^st 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 31^st 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 30^th 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 31^st 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 - Jun 09, 2021 - View & Read

1)
From the following particulars of Kamakshi traders, prepare a bank reconciliation statement as on 31^st 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 31^st 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 5^th 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 30^th March 2017 for Rs.2,000.
e) On 30^th 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 31^st 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 29^th 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 31^st 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 - Jun 09, 2021 - 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 1^st 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 - Jun 09, 2021 - 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.

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 - Jun 09, 2021 - 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 - Jun 09, 2021 - 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 - Jun 09, 2021 - View & Read

1)

From the following balances extracted from the books of Raju a trader on automobiles, prepare trial balance as on 31^st 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 - Jun 09, 2021 - 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 31^st 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 - Jun 09, 2021 - 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	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 1^st 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 - Jun 09, 2021 - 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 - Jun 09, 2021 - 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 - Jun 09, 2021 - 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 - Jun 08, 2021 - 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

1 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 - Jun 08, 2021 - 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 - Jun 08, 2021 - 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 31^st 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 31^st 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 - Jun 08, 2021 - 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 31^st 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 - Jun 08, 2021 - View & Read

1)

Prepare trading account for the year ended 31^st 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 - Jun 08, 2021 - 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 - Jun 08, 2021 - 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 1^stJanuary 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 31^st 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 - Jun 08, 2021 - 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 - Jun 08, 2021 - 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 - Jun 08, 2021 - 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 - Jun 08, 2021 - 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 31^st 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 27^th March 2018, of which, cheques amounting to Rs.7,000 were not presented for payment before 31^st 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 28^thDecember, 2017 but not yet credited	2,000
(iii)	Cheques issued for 10,000 on 20^th 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 - Jun 08, 2021 - 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 31^st 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 31^st 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 - Jun 08, 2021 - 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 - Jun 08, 2021 - 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	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 - Jun 08, 2021 - 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 - Jun 08, 2021 - 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 - Jun 08, 2021 - 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 - Jun 08, 2021 - 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 - Jun 08, 2021 - 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 - Jun 08, 2021 - 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 - Jun 08, 2021 - 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 - Jun 08, 2021 - 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 - Jun 08, 2021 - 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 - Jun 08, 2021 - 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 - Jun 08, 2021 - 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 - Jun 08, 2021 - 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 - Jun 08, 2021 - 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 31^st 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 - Jun 08, 2021 - 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 - Jun 08, 2021 - 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 - Jun 08, 2021 - 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 - Jun 08, 2021 - 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 - Jun 08, 2021 - 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 - Jun 08, 2021 - 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 - Jun 08, 2021 - 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 - Jun 08, 2021 - 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 - Jun 08, 2021 - 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 - Jun 08, 2021 - 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 - Jun 08, 2021 - 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 - Jun 08, 2021 - 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 - Jun 08, 2021 - 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 - Jun 08, 2021 - 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 - Jun 08, 2021 - 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 - Jun 08, 2021 - 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 - Jun 08, 2021 - 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 - Jun 08, 2021 - 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 - Jun 08, 2021 - 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 - Jun 08, 2021 - 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 - Jun 08, 2021 - 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 - Jun 08, 2021 - 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 - Jun 08, 2021 - 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 - Jun 08, 2021 - 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 - Jun 08, 2021 - 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 - Jun 08, 2021 - 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 - Jun 08, 2021 - 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 - Jun 08, 2021 - 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 - Jun 08, 2021 - 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 - Jun 08, 2021 - 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 - Jun 08, 2021 - 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 - Jun 08, 2021 - 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 - Jun 08, 2021 - 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 - Jun 08, 2021 - 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?

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

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

	A	B	C	D	E
1	NAME	HOUSE NO.	STREET	PLACE	PINCODE
2	ANAND	123	KAMARAJAR SALAI	Chennai	600018

Product	Sales
Toothpaste	22000
Toothbrush	11000
Hair Oil	9000
Shampoo	13000
Toilet Soap	9500

12th Standard stateboard question papers & Study material

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